Companies are looking to assess the climate
related risks to their business and respond by implementing programs that future - proof their operations such as internal carbon pricing, stakeholder engagement, and Science - Based Targets.
Not exact matches
Important factors that could cause actual results
to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited
to, the following: 1) our ability
to continue
to grow our
business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability
to perform our obligations under our new and maturing commercial,
business aircraft, and military development programs, and the
related recurring production; 3) our ability
to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability
to achieve certain cost reductions with respect
to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability
to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for
business aircraft, including the effect of global economic conditions on the
business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability
to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence
to their announced schedules; 10) our ability
to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability
to enter into profitable supply arrangements with additional customers; 12) the ability of all parties
to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the
risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability
to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability
to borrow additional funds or refinance debt, including our ability
to obtain the debt
to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes
to the interpretations of or guidance
related thereto, and the Company's ability
to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability
to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility
to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure
to potential product liability and warranty claims; 31) our ability
to effectively assess, manage and integrate acquisitions that we pursue, including our ability
to successfully integrate the Asco
business and generate synergies and other cost savings; 32) our ability
to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes
to business relationships and other
business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability
to continue selling certain receivables through our supplier financing program; 34) the
risks of doing
business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability
to complete the proposed accelerated stock repurchase plan, among other things.
Actual results and the timing of events could differ materially from those anticipated in the forward - looking statements due
to these
risks and uncertainties as well as other factors, which include, without limitation: the uncertain timing of, and
risks relating to, the executive search process;
risks related to the potential failure of eptinezumab
to demonstrate safety and efficacy in clinical testing; Alder's ability
to conduct clinical trials and studies of eptinezumab sufficient
to achieve a positive completion; the availability of data at the expected times; the clinical, therapeutic and commercial value of eptinezumab;
risks and uncertainties
related to regulatory application, review and approval processes and Alder's compliance with applicable legal and regulatory requirements;
risks and uncertainties
relating to the manufacture of eptinezumab; Alder's ability
to obtain and protect intellectual property rights, and operate without infringing on the intellectual property rights of others; the uncertain timing and level of expenses associated with Alder's development and commercialization activities; the sufficiency of Alder's capital and other resources; market competition; changes in economic and
business conditions; and other factors discussed under the caption «
Risk Factors» in Alder's Annual Report on Form 10 - K for the fiscal year ended December 31, 2017, which was filed with the Securities and Exchange Commission (SEC) on February 26, 2018, and is available on the SEC's website at www.sec.gov.
Such
risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired
businesses into United Technologies» existing
businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected
to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due
to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new
business and investment opportunities; (10) our ability
to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred
to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins
to receive the required regulatory approvals (and the
risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and
to satisfy the other conditions
to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise
to a right of one or both of United Technologies or Rockwell Collins
to terminate the merger agreement, including in circumstances that might require Rockwell Collins
to pay a termination fee of $ 695 million
to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20)
risks related to Rockwell Collins and United Technologies being restricted in their operation of their
businesses while the merger agreement is in effect; (21)
risks relating to the value of the United Technologies» shares
to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22)
risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23)
risks associated with merger -
related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company,
to retain and hire key personnel.
Although executives now consider lax cyber security
to be more of a
risk to their
business than they once believed, that hasn't been enough
to cause them
to double down on security -
related investments and initiatives.
Actual results, including with respect
to our targets and prospects, could differ materially due
to a number of factors, including the
risk that we may not obtain sufficient orders
to achieve our targeted revenues; price competition in key markets; the
risk that we or our channel partners are not able
to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the
risk that our commercial Lighting Products results will continue
to suffer if new issues arise regarding issues
related to product quality for this
business; the
risk that we may experience production difficulties that preclude us from shipping sufficient quantities
to meet customer orders or that result in higher production costs and lower margins; our ability
to lower costs; the
risk that our results will suffer if we are unable
to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis
to meet customer demand; the
risk that longer manufacturing lead times may cause customers
to fulfill their orders with a competitor's products instead; the
risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix;
risks associated with the ramp - up of production of our new products, and our entry into new
business channels different from those in which we have historically operated; the
risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the
risk that our products fail
to perform or fail
to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other
related matters as consumers and
businesses may defer purchases or payments, or default on payments;
risks resulting from the concentration of our
business among few customers, including the
risk that customers may reduce or cancel orders or fail
to honor purchase commitments; the
risk that we are not able
to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power
business or otherwise not fully realize anticipated benefits of the transaction; the
risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the
risk that our investments may experience periods of significant stock price volatility causing us
to recognize fair value losses on our investment; the
risk posed by managing an increasingly complex supply chain that has the ability
to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the
risk we may be required
to record a significant charge
to earnings if our goodwill or amortizable assets become impaired;
risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability
to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products
risks related to our multi-year warranty periods for LED lighting products;
risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products;
risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
When working with
risk premium, systematic
risk and nonsystematic
risk, the rule is that the expected return on the
business operations will always be directly
related to the amount of
risk taken on: Lower
risk decisions come with lower expected returns, and higher
risk decisions come with higher expected returns.
A part of Cboe Global Markets» key futures
business is at now
risk after the implosion of volatility -
related securities this week, according
to Goldman Sachs.
Such statements are based on management's current expectations, but actual results may differ materially due
to various
risks and uncertainties, including, but not limited
to the
risks related to Cytokinetics»
business outlined in Cytokinetics» filings with the Securities and Exchange Commission.
She said that unlike many
businesses, employees are not allowed
to bring their own smartphones and
related devices
to work, which presumably makes it harder for people
to sneak sensitive information onto their devices or put data at
risk if those devices are lost or stolen.
Risks and uncertainties include, among other things, the uncertainties inherent in research and development; the uncertainties inherent in business and financial planning, including, without limitation, risks related to Pfizer's business and prospects, adverse developments in Pfizer's markets, or adverse developments in the U.S. or global capital markets, credit markets or economies generally; and competitive developm
Risks and uncertainties include, among other things, the uncertainties inherent in research and development; the uncertainties inherent in
business and financial planning, including, without limitation,
risks related to Pfizer's business and prospects, adverse developments in Pfizer's markets, or adverse developments in the U.S. or global capital markets, credit markets or economies generally; and competitive developm
risks related to Pfizer's
business and prospects, adverse developments in Pfizer's markets, or adverse developments in the U.S. or global capital markets, credit markets or economies generally; and competitive developments.
The minute I see clients of mine let anything
related to religion, whether it's serious or in jest, make its way into their
business I see a potential
risk to their profits.
These
risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability
to develop and grow its online
businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability
to adapt
to technological changes; the Company's ability
to realize benefits or synergies from acquisitions or divestitures or
to operate its
businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax -
related proceedings or audits; the Company's ability
to attract and retain employees; the Company's ability
to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability
to comply with debt covenants applicable
to its debt facilities; the Company's ability
to satisfy future capital and liquidity requirements; the Company's ability
to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result in unexpected adverse operating results.
For example, the expected timing and likelihood of completion of the proposed merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed merger that could reduce anticipated benefits or cause the parties
to abandon the transaction, the ability
to successfully integrate the
businesses, the occurrence of any event, change or other circumstances that could give rise
to the termination of the merger agreement, the possibility that Kraft shareholders may not approve the merger agreement, the
risk that the parties may not be able
to satisfy the conditions
to the proposed transaction in a timely manner or at all,
risks related to disruption of management time from ongoing
business operations due
to the proposed transaction, the
risk that any announcements
relating to the proposed transaction could have adverse effects on the market price of Kraft's common stock, and the
risk that the proposed transaction and its announcement could have an adverse effect on the ability of Kraft and Heinz
to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and
businesses generally, problems may arise in successfully integrating the
businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, the combined company may be unable
to achieve cost - cutting synergies or it may take longer than expected
to achieve those synergies, and other factors.
There has been a lot of mapping of
risks before and some have also vaguely identified
business opportunities
related to them.
Most recently she served as director of external affairs and communications for Spectra Energy's Canadian LNG
business, responsible for development of natural gas infrastructure investment opportunities
related to liquefied natural gas in Western Canada, as well as development of strategies
to address market, regulatory, and stakeholder
risks associated with potential LNG projects.
Over the next two weeks, academics, innovators,
business leaders, public officials and youth organization representatives will convene at workshops in San Francisco, Sao Paulo, London, Johannesburg, Oslo, Abu Dhabi, Mumbai and Shanghai
to identify tangible opportunities
related to five
risks threatening our communities: extreme weather, continued lock - in
to fossil fuels, urban breakdown, lack of fresh water and continued rise in non-communicable diseases.
Investments in developing markets involve heightened
risks related to the same factors, in addition
to those associated with their relatively small size, lesser liquidity and lack of established legal, political,
business, and social frameworks
to support securities markets.
Factors that could cause or contribute
to actual results differing from our forward - looking statements include
risks relating to: failure of DBRS
to rate the Notes at the anticipated ratings levels, which is a closing condition, or at all; changes in the financial markets, including changes in credit markets, interest rates, securitization markets generally and our proposed securitization in particular; the willingness of investors
to buy the Notes; adverse developments regarding OnDeck, its
business or the online or broader marketplace lending industry generally, any of which could impact what credit ratings, if any, are issued with respect
to the Notes; the extended settlement cycle for the scheduled closing on April 17, 2018, which may exacerbate the foregoing
risks; and other
risks, including those described in our Annual Report on Form 10 - K for the year ended December 31, 2017 and in other documents that we file with the Securities and Exchange Commission from time
to time which are or will be available on the Commission's website at www.sec.gov.
Such
risks and uncertainties include, but are not limited
to: our ability
to achieve our financial, strategic and operational plans or initiatives; our ability
to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact of modifications
to our operations and processes; our ability
to identify potential strategic acquisitions or transactions and realize the expected benefits of such transactions, including with respect
to the Merger; the substantial level of government regulation over our
business and the potential effects of new laws or regulations or changes in existing laws or regulations; the outcome of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation in government - sponsored programs such as Medicare; the effectiveness and security of our information technology and other
business systems; unfavorable industry, economic or political conditions, including foreign currency movements; acts of war, terrorism, natural disasters or pandemics; our ability
to obtain shareholder or regulatory approvals required for the Merger or the requirement
to accept conditions that could reduce the anticipated benefits of the Merger as a condition
to obtaining regulatory approvals; a longer time than anticipated
to consummate the proposed Merger; problems regarding the successful integration of the
businesses of Express Scripts and Cigna; unexpected costs regarding the proposed Merger; diversion of management's attention from ongoing
business operations and opportunities during the pendency of the Merger; potential litigation associated with the proposed Merger; the ability
to retain key personnel; the availability of financing, including
relating to the proposed Merger; effects on the
businesses as a result of uncertainty surrounding the proposed Merger; as well as more specific
risks and uncertainties discussed in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.cigna.com as well as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.express-scripts.com.
Investments in developing markets involve heightened
risks related to the same factors, in addition
to those associated with these markets» smaller size, lesser liquidity and lack of established legal, political,
business and social frameworks
to support securities markets.
Six «opportunity sessions» followed, where executives explored
business opportunities and solutions
related to five global
risks, including climate change, poverty and rising inequality, and escalating conflict and instability.
You should read the following summary together with the more detailed information appearing in this prospectus, including «Selected Consolidated Financial Data,» «Management's Discussion and Analysis of Financial Condition and Results of Operations,» «
Risk Factors,» «
Business» and our consolidated financial statements and
related notes before deciding whether
to purchase shares of our capital stock.
Factors that could cause actual results
to differ materially from those expressed or implied in any forward - looking statements include, but are not limited
to: changes in consumer discretionary spending; our eCommerce platform not producing the anticipated benefits within the expected time - frame or at all; the streamlining of the Company's vendor base and execution of the Company's new merchandising strategy not producing the anticipated benefits within the expected time - frame or at all; the amount that we invest in strategic transactions and the timing and success of those investments; the integration of strategic acquisitions being more difficult, time - consuming, or costly than expected; inventory turn; changes in the competitive market and competition amongst retailers; changes in consumer demand or shopping patterns and our ability
to identify new trends and have the right trending products in our stores and on our website; changes in existing tax, labor and other laws and regulations, including those changing tax rates and imposing new taxes and surcharges; limitations on the availability of attractive retail store sites; omni - channel growth; unauthorized disclosure of sensitive or confidential customer information;
risks relating to our private brand offerings and new retail concepts; disruptions with our eCommerce platform, including issues caused by high volumes of users or transactions, or our information systems; factors affecting our vendors, including supply chain and currency
risks; talent needs and the loss of Edward W. Stack, our Chairman and Chief Executive Officer; developments with sports leagues, professional athletes or sports superstars; weather -
related disruptions and seasonality of our
business; and
risks associated with being a controlled company.
Increasingly, companies across sectors and geographies are turning
to an internal carbon price as one tool
to help them reduce carbon emissions, mitigate climate -
related business risks, and identify opportunities in the transition
to a low - carbon economy.
Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors
to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock
to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative
to those of our common stock; our operating results, financial position, and capital resources; current
business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material
risks related to our
business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our
business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.
Many factors could cause BlackBerry's actual results, performance or achievements
to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability
to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including
risks related to new product introductions;
risks related to BlackBerry's ability
to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors;
risks associated with BlackBerry's foreign operations, including
risks related to recent political and economic developments in Venezuela and the impact of foreign currency restrictions;
risks relating to network disruptions and other
business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions;
risks related to BlackBerry's ability
to implement and
to realize the anticipated benefits of its CORE program; BlackBerry's ability
to maintain or increase its cash balance; security
risks; BlackBerry's ability
to attract and retain key personnel;
risks related to intellectual property rights; BlackBerry's ability
to expand and manage BlackBerry (R) World (TM);
risks related to the collection, storage, transmission, use and disclosure of confidential and personal information;
Important factors that may affect the Company's
business and operations and that may cause actual results
to differ materially from those in the forward - looking statements include, but are not limited
to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability
to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability
to leverage its brand value; the Company's ability
to predict, identify and interpret changes in consumer preferences and demand; the Company's ability
to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability
to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated
business disruptions; the Company's ability
to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people -
related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations;
risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability
to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability
to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability
to continue
to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
You should read the following summary together with the more detailed information appearing in this prospectus, including «
Risk Factors,» «Selected Consolidated Financial Data,» «Management's Discussion and Analysis of Financial Condition and Results of Operations,» «
Business» and our consolidated financial statements and
related notes before deciding whether
to purchase shares of our Class A common stock.
Important factors that may affect the Company's
business and operations and that may cause actual results
to differ materially from those in the forward - looking statements include, but are not limited
to, increased competition; the Company's ability
to maintain, extend and expand its reputation and brand image; the Company's ability
to differentiate its products from other brands; the consolidation of retail customers; the Company's ability
to predict, identify and interpret changes in consumer preferences and demand; the Company's ability
to drive revenue growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability
to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated
business disruptions; failure
to successfully integrate the
business and operations of the Company in the expected time frame; the Company's ability
to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people -
related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations;
risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability
to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability
to pay such indebtedness; tax law changes or interpretations; and other factors.
It's an indication that regulators are catching up with trends in the cybersecurity industry — considering that cybersecurity practitioners have been increasingly emphasizing the growing
risks related to vendors,
business associates and other third parties.
Many factors could cause BlackBerry's actual results, performance or achievements
to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability
to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including
risks related to new product introductions;
risks related to BlackBerry's ability
to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors;
risks associated with BlackBerry's foreign operations, including
risks related to recent political and economic developments in Venezuela and the impact of foreign currency restrictions;
risks relating to network disruptions and other
business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions;
risks related to BlackBerry's ability
to implement and
to realize the anticipated benefits of its CORE program; BlackBerry's ability
to maintain or increase its cash balance; security
risks; BlackBerry's ability
to attract and retain key personnel;
risks related to intellectual property rights; BlackBerry's ability
to expand and manage BlackBerry ® World ™;
risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability
to manage inventory and asset
risk; BlackBerry's reliance on suppliers of functional components for its products and
risks relating to its supply chain; BlackBerry's ability
to obtain rights
to use software or components supplied by third parties; BlackBerry's ability
to successfully maintain and enhance its brand;
risks related to government regulations, including regulations
relating to encryption technology; BlackBerry's ability
to continue
to adapt
to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products;
risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges
relating to the impairment of intangible assets recorded on BlackBerry's balance sheet;
risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies;
risks related to economic and geopolitical conditions;
risks associated with acquisitions; foreign exchange
risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
FedEx's executive security procedures, which prescribe the level of personal security
to be provided
to the Chairman of the Board, President and Chief Executive Officer and other executive officers, are based on bona fide
business -
related security concerns and are an integral part of FedEx's overall
risk management and security program.
Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1)
risks related to the consummation of the Merger, including the
risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail
to obtain shareholder approval of the Merger Agreement, (c) the parties may fail
to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions
to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its
business, including the
risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW
to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives
to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its
business, including the
risks that as a result (a) BWW's
business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability
to retain or recruit key employees may be adversely affected, (d) BWW's
business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability
to operate its
business, return capital
to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings
related to the Merger and instituted against BWW and others; (6) the
risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the
risk that the Merger and
related transactions may involve unexpected costs, liabilities or delays; (7) other economic,
business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «
Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the
Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.
Statements regarding future events are based on the parties» current expectations and are necessarily subject
to associated
risks related to, among other things, regulatory approval of the proposed acquisition or that other conditions
to the closing of the deal may not be satisfied, the potential impact on the
business of WhatsApp due
to the announcement of the acquisition, the occurrence of any event, change or other circumstances that could give rise
to the termination of the definitive agreement, and general economic conditions.
The group has announced that it is filing multiple shareholder proposals on board oversight of
business risks related to opioid misuse at 10 opioid distributor and manufacturing companies.
[Elliptic] will be a huge benefit
to Bitcoin -
related businesses attempting
to decrease
risk factors.
I think those are bogus, because inflation and investment returns are weakly
related when it comes
to risk assets like stocks and any other investment with
business risk, even in the long run.
California's state insurance commissioner, Dave Jones, announced the state office has approved California Mutual Insurance of Hollister
to write Lessor's
Risk coverage for property owners who are exposed
to specific
risks resulting from cannabis
related business activities of their commercial tenants.
Risks and uncertainties
related to the proposed spin - off include: NHF's and NXRT's ability
to obtain all necessary consents and approvals and satisfy all conditions
to the spin - off; the ability
to expand the real estate
business following the spin - off; and the potential diversion of management's attention from traditional
business concerns.
Other
risks and uncertainties
relate to NXRT's
business, its industry and its common shares and include: investment
risk; changes in interest rates;
risks associated with investing in high multifamily properties;
risks associated with NXRT's use of leverage; and market
risks generally.
Investments in developing markets involve heightened
risks related to the same factors, in addition
to risks associated with these markets» smaller size, lesser liquidity and the potential lack of established legal, political,
business and social frameworks
to support securities markets.
Examples of these
risks, uncertainties and other factors include, but are not limited
to the impact of: adverse general economic and
related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the
risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances
to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability
to obtain adequate insurance coverage; our substantial indebtedness, including the ability
to raise additional capital
to fund our operations, and
to generate the necessary amount of cash
to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our
business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors
to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability
to borrow and could increase our counterparty credit
risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability
to recruit or retain qualified personnel or the loss of key personnel; future changes
relating to how external distribution channels sell and market our cruises; our reliance on third parties
to provide hotel management services
to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability
to keep pace with developments in technology; amendments
to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «
Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
The near - term
risk for investors is that, regardless of the particulars of the
business model, any stock even tangentially
related to oil or energy is being thrashed.
This information includes general information about the company, its officers and directors, a description of the
business, the planned use for the money raised from the offering, often called the use of proceeds, the target offering amount, the deadline for the offering,
related - party transactions,
risks specific
to the company or its
business, and financial information about the company.
Concern about the
risk of entanglement of secular courts in the
business of regulating religious beliefs and practices, insofar as it
relates to tort liability on the part of destructive cults, is misplaced.
Our Statement on Preventing Modern Slavery outlines the actions we are taking
to understand and address modern slavery
risks related to our
business.
These
risks and uncertainties include, among others, those
relating to technology and product development, integration of acquired
businesses, market acceptance, government regulation and regulatory approval processes, intellectual property rights and litigation, dependence on collaborative relationships, ability
to obtain financing, competitive products, industry trends and other
risks identified in deCODE's filings with the Securities and Exchange Commission.
Furthermore, Google is already burdened with many other
risks, for instance: (1) increased competition from general purpose search engines and information services (page 7); (2) dependency on remaining competitive and providing value
to advertisers (page 7); (3) being subject
to increased regulatory scrutiny which may negatively impact
business (page 8); (4) being «regularly subject
to claims, suits, government investigations, and other proceedings that may result in adverse outcomes» (page 8); (5) «Privacy concerns
relating to our technology could damage our reputation and deter current and potential users from using our products and services» (page 12); (6) «Web spam and content farms could decrease our search quality, which could damage our reputation and deter our current and potential users from using our products and services» (page 13); (7) «Internet access providers may be able
to restrict, block, degrade, or charge for access
to certain of our products and services, which could lead
to additional expenses and the loss of users and advertisers» (page 16); (8) «New technologies could block online ads, which would harm our
business» (page 16).
Students who are trained
to become
risk managers generally hold an academic degree in Finance, Economics, Business Management, Statistics, Computer Science, Risk Management or other related fields of st
risk managers generally hold an academic degree in Finance, Economics,
Business Management, Statistics, Computer Science,
Risk Management or other related fields of st
Risk Management or other
related fields of study.