Businesses
Businesses
Here's a look at documents from U.S. and international businesses
Featured Stories
White and Case: Why Many Investors are Hesitant to Invest in Data Centers
NEW YORK, Feb. 21 [Category: BizLaw/Legal] -- White and Case, a law firm, issued the following news release:* * *
Why many investors are hesitant to invest in data centers
White & Case partner Rostyslav Telyatnykov speaks to Handelsblatt about the German data center market, examining why many investors remain hesitant despite strong demand and significant capital inflows. Telyatnykov highlights three central challenges: limited grid capacity, lengthy permitting processes and speculative land pricing. He says that balancing grid access, energy supply and returns will be essential for the sector's ... Show Full Article NEW YORK, Feb. 21 [Category: BizLaw/Legal] -- White and Case, a law firm, issued the following news release: * * * Why many investors are hesitant to invest in data centers White & Case partner Rostyslav Telyatnykov speaks to Handelsblatt about the German data center market, examining why many investors remain hesitant despite strong demand and significant capital inflows. Telyatnykov highlights three central challenges: limited grid capacity, lengthy permitting processes and speculative land pricing. He says that balancing grid access, energy supply and returns will be essential for the sector'sstability as the market approaches a critical juncture.
* * *
Original text here: https://www.whitecase.com/news/media/why-many-investors-are-hesitant-invest-in-data-centers
New Peacock Original 'The 'Burbs' Scores Strong Early Viewership
NEW YORK, Feb. 21 [Category: BizMedia] -- NBCUniversal, a subsidiary of Comcast, posted the following news:* * *
New Peacock Original 'The 'Burbs' Scores Strong Early Viewership
In its first full week of streaming (Feb. 9-16), The 'Burbs ranked as the #2 original scripted season in minutes viewed across all platforms, according to Nielsen.
The series also delivered the best Day 1 launch (Feb. 8) for any new streaming original series in 2026 based on minutes viewed, per Nielsen.
Since its debut, The 'Burbs has generated nearly 1 billion viewing minutes on the platform, making it the #1 Peacock ... Show Full Article NEW YORK, Feb. 21 [Category: BizMedia] -- NBCUniversal, a subsidiary of Comcast, posted the following news: * * * New Peacock Original 'The 'Burbs' Scores Strong Early Viewership In its first full week of streaming (Feb. 9-16), The 'Burbs ranked as the #2 original scripted season in minutes viewed across all platforms, according to Nielsen. The series also delivered the best Day 1 launch (Feb. 8) for any new streaming original series in 2026 based on minutes viewed, per Nielsen. Since its debut, The 'Burbs has generated nearly 1 billion viewing minutes on the platform, making it the #1 Peacockseries of all time in overall reach among all originals over the first nine days on the platform.
The show's momentum extends beyond viewing minutes: social content for the show has generated 32 million video views across Peacock's social accounts, and the series has been sold to more than 100 territories around the world.
Critical praise has also been strong. The New York Times calls The 'Burbs "funny and ultimately heartwarming," while Variety says the show is "brilliantly written" and is "an entertaining blend of genres that keeps viewers guessing until the very end."
Cast of The 'Burbs
All eight episodes of the mystery comedy The 'Burbs will premiere on Sunday, February 8, exclusively on Peacock. Created and written by Celeste Hughey, the series stars Keke Palmer, who also serves as an executive producer, alongside Jack Whitehall, Julia Duffy, Paula Pell, Mark Proksch, and Kapil Talwalkar. Hughey executive produces with Rachel Shukert, Seth MacFarlane, Erica Huggins, and Aimee Carlson for Fuzzy Door, as well as Brian Grazer, Kristen Zolner, and Natalie Berkus for Imagine Entertainment. Nzingha Stewart directs and executive produces, with Dana Olsen as co-executive producer. The series is produced by UCP, a division of Universal Studio Group.
How to Watch The 'Burbs
All episodes of The 'Burbs are available only on Peacock.
***
Original text here: https://www.nbcuniversal.com/article/new-peacock-original-burbs-scores-strong-early-viewership
Lockton: More Than a Regulatory Requirement - Why Documentation is Key to Protecting Patients & Providers
KANSAS CITY, Missouri, Feb. 21 -- Lockton, an insurance broker, issued the following news:* * *
More than a regulatory requirement: Why documentation is key to protecting patients & providers
As clinicians care for increasingly complex patients across fragmented systems, often under significant time and resource pressures, expectations for accurate, clear, and defensible documentation continue to rise. Documentation failures remain a leading contributor to adverse events, communication breakdowns, and malpractice claims. When the medical record does not clearly capture what was known, what ... Show Full Article KANSAS CITY, Missouri, Feb. 21 -- Lockton, an insurance broker, issued the following news: * * * More than a regulatory requirement: Why documentation is key to protecting patients & providers As clinicians care for increasingly complex patients across fragmented systems, often under significant time and resource pressures, expectations for accurate, clear, and defensible documentation continue to rise. Documentation failures remain a leading contributor to adverse events, communication breakdowns, and malpractice claims. When the medical record does not clearly capture what was known, whatdecisions were made, and why, both patient safety and defensibility suffer.
Here's how healthcare organizations can strengthen documentation while supporting clinicians and protecting patients.
The medical record's purpose
In an environment of increasing patient complexity, fragmented care, workforce instability, and evolving technology, documentation failures remain one of the most consistent contributors to adverse events and malpractice claims across all specialties. From a clinical risk perspective, the medical record serves multiple overlapping and equally important purposes, including:
. Ensuring patient care and safety. The medical record provides a chronological and accurate account of a patient's condition, treatment, and response over time. It supports clinical reasoning, continuity of care, and safe handoffs while enabling timely recognition of changes in condition and escalation of care.
* Supporting communication across the care team. The record serves as a shared communication tool among clinicians, departments, and care settings. It facilitates safe handoffs, transitions of care, and interdisciplinary coordination, reducing ambiguity and misinterpretation in complex care environments.
* Aiding in legal and professional liability defense. In the event of litigation, the medical record is the primary evidence used to evaluate the appropriateness of care. It demonstrates clinical judgment, rationale, and adherence to standards of care and establishes what was known, when it was known, and how it informed decision-making. The adage "If it wasn't documented, it wasn't done" remains a core risk management reality.
* Providing regulatory, accreditation, and billing support. Documentation demonstrates medical necessity, informed consent, and compliance with regulatory expectations. It supports coding, billing integrity, and payer review; serves as a foundation for audits and investigations; and protects against allegations of fraud, waste, and abuse.
* Enabling quality improvement, peer review, and organizational learning. The medical record enables meaningful retrospective review of care processes and outcomes. It supports risk identification, root cause analysis, trend identification, and performance improvement, contributing to enterprise risk management and a strong patient safety culture.
How documentation influences claim outcomes
Across specialties and care settings, documentation issues are frequently cited in claims alleging:
* Failure to diagnose or delayed diagnosis.
* Inadequate assessment or reassessment.
* Breakdown in communication or follow-up.
* Failure to escalate or respond to abnormal findings.
* Inadequate informed consent or shared decision-making.
* Record alterations or inappropriate late entries.
Experts reviewing a medical record focus on internal consistency and alignment across notes, orders, and results. They look for clear documentation of clinical reasoning and decision-making, timeliness of entries relative to clinical events, and evidence of patient communication, education, and shared decision-making. Additionally, they expect clear ownership and accountability for decisions, as well as documentation of follow-up, escalation, and response to abnormalities.
Strong documentation may prevent a claim from being pursued, while weak documentation can undermine otherwise appropriate care. Inconsistent or incomplete records create credibility challenges, and poor documentation increases reliance on memory rather than evidence.
Documentation vulnerabilities in care environments
Despite best intentions, documentation challenges can be difficult to avoid in a fast-paced clinical environment. Competing demands, technological limitations, and evolving care models can lead to records that fall short of clearly telling a patient's story.
Healthcare organizations should be mindful of several vulnerabilities that can threaten quality, continuity, and defensibility of care:
* Incomplete, inaccurate, or generic clinical narratives. Documentation that relies heavily on templates or copy-and-paste practices can obscure a patient's unique presentation and perpetuate outdated or incorrect information. Overdocumentation of irrelevant details combined with underdocumentation of key decisions creates gaps in the clinical story. Discrepancies between subjective complaints, objective findings, and assessments, as well as records that fail to reflect actual encounters, undermine credibility and patient safety.
* Lack of clinical reasoning and decision-making rationale. Strong documentation should explain why diagnostic and treatment choices are made. Omitting risk assessments, uncertainties, or alternative considerations removes critical context, especially in complex or atypical cases. Missed opportunities to demonstrate thoughtful care can negatively impact defensibility.
* Timeliness and continuity gaps. Late entries often raise credibility concerns, while missing documentation during transitions of care creates risk for communication breakdowns. Inconsistent reassessment notes for evolving conditions and medical records that fail to clearly reflect the clinical timeline compromise both patient safety and legal defensibility.
* Communication and follow-up failures. Unclear documentation of diagnostic test result review, patient notification, and follow-up responsibilities can lead to adverse outcomes. Lack of documented handoffs, referrals, or closed-loop communication introduces ambiguity and increases liability. Similarly, inadequate documentation of consultant recommendations weakens continuity of care.
* Informed consent and patient engagement. Generic consent language that lacks individualized discussion fails to meet standards for informed decision-making. Documentation should capture risks, benefits, alternatives, and patient understanding, as well as refusals or noncompliance, to ensure transparency and defensibility.
* Technology-related risks. Electronic health record usability challenges, alert fatigue, and documentation generated by scribes or AI without adequate clinician review introduce new vulnerabilities. Metadata, audit trails, and discoverability in litigation further complicate risk exposure, emphasizing the need for oversight and accountability.
Emerging documentation considerations & risk implications
Clinical documentation is being reshaped by evolving technologies, shifting workforce dynamics, and growing patient visibility. While these changes offer meaningful benefits, they also introduce new risks and accountability considerations. It's vital that providers address potential documentation challenges posed by:
1. Ambient AI, voice recognition, and automation. New technologies offer opportunities to reduce clinician burden and improve documentation completeness. However, these tools introduce risks related to accuracy, nuance, and clinical context, as well as the potential for overreliance. Clinician validation and final accountability remain essential to ensure integrity and defensibility.
2. Increasing transparency and patient access. Expanded patient portal access and open notes have increased visibility into documentation tone, clarity, and professionalism. The shift underscores the need for respectful language, clear explanations, and attention to detail. When done well, transparent documentation can enhance trust and strengthen the patient-clinician relationship.
3. Workforce pressures and documentation fatigue. Time constraints, burnout, and competing demands create significant pressures on clinicians, often leading to shortcuts that undermine record integrity. Documentation fatigue can erode attention to detail, which compromises both patient safety and defensibility.
Organizational strategies to reduce documentation-related risk
Clinical documentation is more than a regulatory requirement -- it is a critical patient safety tool. When documentation is inconsistent or unclear, risk increases for patients, clinicians, and organizations alike.
To strengthen documentation practices across the enterprise, healthcare organizations should invest in education and training. Organizations should highlight both specialty-specific and universal documentation principles to ensure consistency and accuracy across care settings. Training should go beyond template use and emphasize clinical reasoning, helping clinicians articulate the "why" behind their decisions. Coaching on high-risk scenarios and common documentation pitfalls can also strengthen defensibility and improve patient safety.
Meanwhile, clear policies, standards, and governance are essential for setting expectations around timeliness, amendments, and late entries. Guidelines should address practices such as copy-forward, AI-generated content, and the use of scribes to maintain integrity and accountability. Regular audits and feedback mechanisms help identify gaps and reinforce compliance.
Culture and leadership support is also vital. Leadership plays a critical role in framing documentation as a patient safety tool rather than an administrative burden. Aligning productivity expectations with documentation quality ensures clinicians have the time and resources to document effectively. Encouraging staff to report documentation system issues fosters transparency and continual improvement.
In taking steps to strengthen documentation, organizations should ensure that healthcare professionals strive toward:
* Documentation that reflects thoughtful clinical care. Defensible documentation begins with a clear linkage between assessment, plan, and actions taken. Records should tell a coherent clinical story, showing alignment between findings and decisions, and include evidence of ongoing reassessment and response to changes in a patient's condition.
* Consistency and alignment across the record. Consistency is essential for credibility. Documentation should demonstrate agreement between progress notes, orders, results, and nursing entries. Avoid contradictory statements across encounters, maintain consistent terminology and problem framing, and ensure medication, allergy, and problem lists are accurate.
* Cataloging patient communication and shared decision-making. Strong documentation captures key discussions, education provided, and expectations set with the patient. It should reflect patient questions, preferences, and refusals; clearly document risks discussed and decisions made; and include safety-net instructions and return precautions.
* Ownership, accountability, and follow-ups. Records must show who is responsible for next steps and provide evidence of test tracking, result acknowledgment, and appropriate actions. Documentation should also reflect coordination with consultants and care partners and include clear handoff notes when responsibility transitions.
A strategic risk management tool
Strong documentation practices support safer care, clearer communication, and more defensible outcomes. In an era of increasing complexity and scrutiny, organizations that view documentation as a strategic risk management function rather than as an administrative task are better positioned to protect patients, clinicians, and the enterprise.
Lockton's Clinical Risk Consultants are here to help you turn these principles into practice. Through collaborative partnership, we provide tailored guidance, education, and strategic support to strengthen documentation practices across your organization. Reach out to a member of our team to learn more.
* * *
Original text here: https://global.lockton.com/us/en/news-insights/more-than-a-regulatory-requirement-why-documentation-is-key-to-protecting
[Category: BizInsurance]
Littler Issues Commentary: Colorado Amends Wage Compliance Rules, Revises Recordkeeping Requirements, and Implements New Youth Employment Standards
SAN FRANCISCO, California, Feb. 21 -- Littler, a law firm, issued the following commentary on Feb. 20, 2026, office managing shareholder David C. Gartenberg, associate Lukasz Gilewski, and shareholder Jennifer S. Harpole:* * *
Colorado Amends Wage Compliance Rules, Revises Recordkeeping Requirements, and Implements New Youth Employment Standards
At a Glance
* COMPS Order #40 expands the definition of "employer," provides for larger potential tip credits, and imposes additional recordkeeping obligations for vacation and sick pay.
* New regulations modify the rules for calculating rate of pay ... Show Full Article SAN FRANCISCO, California, Feb. 21 -- Littler, a law firm, issued the following commentary on Feb. 20, 2026, office managing shareholder David C. Gartenberg, associate Lukasz Gilewski, and shareholder Jennifer S. Harpole: * * * Colorado Amends Wage Compliance Rules, Revises Recordkeeping Requirements, and Implements New Youth Employment Standards At a Glance * COMPS Order #40 expands the definition of "employer," provides for larger potential tip credits, and imposes additional recordkeeping obligations for vacation and sick pay. * New regulations modify the rules for calculating rate of payfor sick leave, and tighten rules governing the employment of minors.
* Colorado employers are advised to review and update their recordkeeping, youth employment, and leave policies, ensure compliance with new pay calculation rules, and distribute updated COMPS Order posters to staff.
*
The Colorado Department of Labor and Employment (CDLE) has adopted COMPS Order #40, amending administrative regulations implementing the Colorado Wage Act, and released an updated COMPS Order poster. The revisions, which took effect on February 1, 2026, expand the definition of "employer," allow localities to increase tip credits consistent with recent statutory amendments, and increase employers' recordkeeping obligations for vacation and sick leave. Colorado also adopted final rules implementing the Colorado Youth Employment Opportunity Act, increasing compliance obligations for employers that hire minors, and amended Wage Protection Rules, which modify the calculation of the pay rate for sick pay under the Healthy Families and Workplaces ACT (HFWA).
Background on COMPS Order #40
The Colorado Wage Act authorizes CDLE's Division of Labor Standards and Statistics ("the Division") to issue Colorado Overtime and Minimum Pay Standards (COMPS) Orders governing wages, hours, and working conditions. COMPS Order #40 updates the agency's existing regulations to reflect legislative changes enacted in 2025 and to clarify compliance expectations for employers operating in Colorado.
Expanded Definition of "Employer"
COMPS Order #40 broadens who may be treated as an "employer" under the Colorado Wage Act. Under the prior regulations, the definition of "employer" had the same meaning as that provided under the federal Fair Labor Standards Act. Under the amended regulations, the definition of employer now includes individuals who own or control at least 25 percent of an employer's ownership interests. A minority owner may be excluded from the definition only if the employer can demonstrate that the owner has fully delegated authority over day to day operations. As before, the definition does not apply to the State of Colorado, its agencies, or political subdivisions.
Localities With Higher Minimum Wage Authorized to Increase Tip Credit
The amendments also align the COMPS regulations with statutory changes affecting tipped employees. Employers must continue to pay tipped employees at least the statewide tipped minimum wage as a direct wage and, generally, may apply a statewide tip credit of up to $3.02 per hour. However, in 2025 the state legislature authorized local governments that have adopted a minimum wage higher than the state minimum wage to authorize a higher tip credit. The regulations reflect that, when this occurs, employers may apply the locally authorized tip credit. In all cases, employers must ensure that an employee's direct wages plus tips equal at least the applicable minimum wage and must make up any shortfall in direct wages.
Expanded Recordkeeping for Vacation and Sick Leave
COMPS Order #40 increases the scope of required employee records. As a reminder, Colorado employers have already been required to retain the following records:
* name, address, occupation, and date of hire of the employee;
* date of birth, if the employee is under 18 years of age;
* daily record of all hours worked;
* record of credits claimed and of tips; and
* regular rates of pay, gross wages earned, withholdings made, and net amounts paid each pay period.
Under the amended regulations, employers must now also maintain records showing:
* vacation pay hours accrued, used, and available during the current benefit year; and
* HFWA or sick leave hours accrued, used, and available, to the extent tracked separately from vacation time.
The amended regulations also clarify that employers may provide leave balance information on pay statements and must do so in writing or electronically if an employee requests it, no more than once per month unless employer policy allows more frequent requests. Employers may choose the method of disclosure, including pay stubs, electronic self service systems, or separate written or electronic communications.
HFWA Pay Rate
Since the HFWA was enacted in 2020, the Division has tweaked the requirements for determining the rate of pay for sick leave under the law, and the 2026 amendments to the Wage Protection Rules continued that trend.
Under the text of the HFWA, employees must be paid for sick leave at the same hourly rate or salary, excluding overtime, bonuses, or holiday pay, as the employee normally earns during hours worked. That calculation is straightforward enough when employees are compensated on a salary basis, but it can become more complex if employees are paid varying rates for time worked.
The amended Wage Protection Rules set forth a number of new principles regarding how to calculate pay rate based on a variety of different forms of compensation:
* Salary, Commission, or Piece Rate Pay. If the use of leave does not reduce an employee's pay, such as if the employee is paid solely on a salary, commission, or piece rate basis and the leave does not impact those forms of compensation, then the employee does not earn any additional compensation solely for using leave.
* Salary Plus Commission. If an employee is paid based on salary plus a commission, then the commission is not included in the pay rate.
* Multiple Pay Rates. If an employee works at multiple rates, such as if they earn shift differentials or work separate jobs for the same employer, the employee is paid the rate they would have earned during the period of sick leave if such a schedule is known at the time the sick leave request is made. For example, if an employee was scheduled to work a shift with a shift differential and then calls in sick, the pay rate for sick leave includes the shift differential.
However, if an employee's schedule is unknown at the time the need for leave arises, then employers calculate the pay rate by using the most recent time period preceding the leave, either the 30 calendar days or full pay period(s) totaling 28 to 31 days. This lookback period includes hourly or salary rates, shift differentials, tip credits, and commissions (if the employee earns wages plus commission), but it does not include overtime, bonuses, or holiday pay. Lastly, if the employee has not been employed for a full look-back period, then the period will consist of all days worked prior to the leave.
Of course, regardless of the situation, employees must be paid at least the applicable minimum wage for their usage of sick leave.
Additional Protections for Youth Employment
Colorado has adopted final rules to administer and enforce the Colorado Youth Employment Opportunity Act (CYEOA), which significantly expands compliance obligations for employers that hire minors.
Existing regulations require employers to keep records of specific information for employees. Under the final rules, employers must also obtain and keep records of the following information until three years after the minor turns 18 or employment ends, whichever is sooner:
* Any exemption allowing the minor to work hours or job duties otherwise prohibited by the CYEOA, including records of any apprenticeship completion or technical training;
* The minor's age certificate and any related documents;
* Any proof of a high school diploma, passing score on a GED examination, or completion of a career and technical education program; and
* Any school release permit or related documents.
The rules further expand and detail prohibited employment for minors, including restrictions on hazardous occupations, use of power driven equipment, exposure to toxic substances, and employment in certain establishments such as liquor stores, operation of power-driven machinery, some manufacturing industries, marijuana dispensaries, casinos, and adult entertainment venues. Additional limitations apply to minors under 16 and under 14.
The CYEOA also allows any employer, minor, minor's parent or guardian, school official, or youth employment specialist to request that the minor be exempt from a provision of the law.
Although the CYEOA permits non emancipated minors to be paid 15 percent below the minimum wage, employers must document eligibility for the subminimum wage, and any minor employed in violation of the CYEOA or its rules must be paid the full minimum wage.
The new rules clarify the Division's authority under the CYEOA to investigate complaints, assess penalties, and issue written determinations ordering corrective action, fines, or damages to affected minors. A determination will describe what provision(s) of the law were adhered to or were violated, and, if a violation has occurred, what steps the employer must take to cure it. Determinations may also include orders to cease non-compliant activity, issue established fines under the CYEOA, order damages to the aggrieved minor, or any other remedies authorized by law. After issuing a determination, the Division may issue additional determinations ordering penalties for each offense by the employer without sending an additional notice of the complaint.
Any party to the claim may appeal the Division's determination using established procedures for appealing a wage claim determination under state regulations.
What This Means for Employers
The updated regulations increase compliance risk for employers by expanding potential individual liability, provide the opportunity for larger tip credits if enacted under local wage ordinances, impose additional recordkeeping obligations for vacation and sick pay, modify the rules for calculating rate of pay for sick leave, and tighten rules governing the employment of minors. Employers should review Colorado recordkeeping, youth employment policies, and vacation and sick time tracking and pay rate procedures, and ensure that updated COMPS Order posters are properly distributed and incorporated into handbooks.
* * *
Authors
David C. Gartenberg
Office Managing Shareholder
Denver
* * *
Lukasz Gilewski
Associate
Denver
* * *
Jennifer S. Harpole
Shareholder
Denver
* * *
Original text here: https://www.littler.com/news-analysis/asap/colorado-amends-wage-compliance-rules-revises-recordkeeping-requirements-and
[Category: BizLaw/Legal]
HVS Brokerage & Advisory Closes Sale of Former Econo Lodge Junction
LOVELAND, Colorado, Feb. 21 [Category: BizConsulting] -- HVS, a consulting, valuation and research firm, posted the following news release:* * *
HVS Brokerage & Advisory Closes Sale of Former Econo Lodge Junction
HVS Brokerage & Advisory announces the sale of the 47-key former Econo Lodge Junction, located at 111 Martinez Street, Junction, Texas 76849.
The property, built in 1990, was purchased by Mr. Aman Patel, based in Texas City, Texas, from VSBA - REO Holdings LLC, based in Dallas, Texas.
Brent Ciurlino, Chief Operating Officer of VelocitySBA, commented, "Selling a closed hotel with ... Show Full Article LOVELAND, Colorado, Feb. 21 [Category: BizConsulting] -- HVS, a consulting, valuation and research firm, posted the following news release: * * * HVS Brokerage & Advisory Closes Sale of Former Econo Lodge Junction HVS Brokerage & Advisory announces the sale of the 47-key former Econo Lodge Junction, located at 111 Martinez Street, Junction, Texas 76849. The property, built in 1990, was purchased by Mr. Aman Patel, based in Texas City, Texas, from VSBA - REO Holdings LLC, based in Dallas, Texas. Brent Ciurlino, Chief Operating Officer of VelocitySBA, commented, "Selling a closed hotel withno recent revenue is never easy, but the HVS team did an incredible job. They created a highly competitive environment that brought in ten offers in less than a month. Because of the marketplace they built, we were able to select a buyer who closed in under 30 days at a price that exceeded our initial expectations. Their execution was seamless."
The property benefits from excellent visibility and accessibility from Interstate 10 in Junction; moreover, four onsite EV charging stations generate additional revenue for the hotel. Junction serves as a retail and tourism hub for those visiting South Llano River State Park. Strong hunting tourism exists in this area, with deer hunters contributing significantly to lodging demand. Seasonal tourism peaks from March through October, driven by river recreation, hunting and wildlife seasons, and annual events. Corporate/commercial demand also contributes to occupancy, driven by regional oil and gas (O&G) activity, agriculture and ranching businesses, and transportation corridors that make Junction a natural stopover for business travelers.
"At first glance, this wasn't a pretty deal. The hotel was closed and required significant capital investment. However, the fundamentals were in place. We framed it correctly and backed it with local market data to present a solid pro forma. Once buyers understood the path forward, the response was strong--ten offers in 29 days--and through that competition, we were able to drive pricing above our initial guidance," said Matthew Omansky, Senior Vice President of HVS Brokerage & Advisory.
* * *
HVS Brokerage & Advisory team members Eric Guerrero, Andrew Frosch, Matthew Omansky, Kyle Peterek, Fadi Rawashdeh, and Daneen Godinet participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 35 offices nationwide, HVS's hospitality intelligence and extensive expertise will help you achieve the results you want.
* * *
Original text here: https://www.hvs.com/news/10383/hvs-brokerage-advisory-closes-sale-of-former-econo-lodge-junction
CON EDISON REPORTS 2025 EARNINGS
NEW YORK, Feb. 21 -- Consolidated Edison, a provider of energy-related products and services, issued the following news on Feb. 19, 2026:* * *
CON EDISON REPORTS 2025 EARNINGS
Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2025 net income for common stock of $2,023 million or $5.66 a share compared with $1,820 million or $5.26 a share in 2024. Adjusted earnings (non-GAAP) were $2,038 million or $5.70 a share in 2025 compared with $1,868 million or $5.40 a share in 2024. Adjusted earnings and adjusted earnings per share in 2025 exclude the impact of the impairment loss related ... Show Full Article NEW YORK, Feb. 21 -- Consolidated Edison, a provider of energy-related products and services, issued the following news on Feb. 19, 2026: * * * CON EDISON REPORTS 2025 EARNINGS Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2025 net income for common stock of $2,023 million or $5.66 a share compared with $1,820 million or $5.26 a share in 2024. Adjusted earnings (non-GAAP) were $2,038 million or $5.70 a share in 2025 compared with $1,868 million or $5.40 a share in 2024. Adjusted earnings and adjusted earnings per share in 2025 exclude the impact of the impairment loss relatedto Con Edison's investment in Honeoye Storage Corporation (Honeoye), remeasurement of deferred state income taxes related to the previously recorded impairment of Mountain Valley Pipeline, LLC (MVP), transaction costs associated with the strategic alternatives review of Con Edison's equity investments in MVP and Honeoye and the gain on the sale of an interest in a solar electric production project. Adjusted earnings and adjusted earnings per share in 2025 and 2024 exclude accretion of the basis difference of Con Edison's equity investment in MVP, adjustments to the loss (gain) and other impacts related to the sale of all of the stock of its former subsidiary, the Clean Energy Businesses, in 2023 and the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments.
For the fourth quarter of 2025, net income for common stock was $297 million or $0.82 a share compared with $310 million or $0.90 a share in the 2024 period. Adjusted earnings were $320 million or $0.89 a share in the 2025 period compared with $340 million or $0.98 a share in the 2024 period. Adjusted earnings and adjusted earnings per share in the 2025 period exclude the impact of the impairment loss related to Con Edison's investment in Honeoye, remeasurement of deferred state income taxes related to the previously recorded impairment of MVP, transaction costs associated with the strategic alternatives review of Con Edison's equity investments in MVP and Honeoye and the gain on the sale of an interest in a solar electric production project. Adjusted earnings and adjusted earnings per share in the 2025 and 2024 periods exclude accretion of the basis difference of Con Edison's equity investment in MVP and the effects of HLBV accounting for tax equity investments. Adjusted earnings and adjusted earnings per share in the 2024 period exclude adjustments to the loss (gain) and other impacts related to the sale of all of the stock of the Clean Energy Businesses in 2023.
"Our 2025 performance affirmed the durability of our regulated businesses and the value created through disciplined, forward-looking investment," said Tim Cawley, Chairman and CEO of Con Edison. "Demand remains for a modern, resilient grid as customers continue to electrify their homes, businesses and vehicles. We are investing proactively to support stable, long-term returns for shareholders and to deliver the world-class reliability our region needs.
"We remain focused on managing costs while making the critical investments required for the clean energy transition," Cawley added. "That means prioritizing the capital projects that most effectively support regional growth, maintaining rigorous cost discipline, and expanding discounts for income-eligible customers. When more people can participate in the economy, the entire region benefits."
"Our 2025 financial results reflect strong execution in delivering value for shareholders as we once again achieved non-GAAP adjusted EPS at the top end of our guidance range, and we're proud to have recently increased our dividend for the 52nd straight year," said Kirk Andrews, Senior Vice President and CFO. "The recently approved investment plans for Con Edison of New York, which include an increase in our authorized ROE, provide the resources we need to continue making infrastructure investments to support this critical regional economy. The three-year rate plan provides a solid foundation, and we expect five-year adjusted EPS to grow at a compounded annual rate target of 6 to 7 percent with the midpoint of our 2026 adjusted EPS guidance as a baseline.
"Our disciplined approach to long-term investment has supported consistent, steady performance through a wide range of economic and geopolitical environments," he said. "Our region is among the most productive economic centers in the country, contributing significantly to our nation's GDP and the reliable energy we deliver is essential."
For the year of 2026, Con Edison expects its adjusted earnings per share (non-GAAP) to be in the range of $6.00 to $6.20 per share. Adjusted earnings per share excludes the gain on the sale of Con Edison's interest in MVP, accretion of the basis difference of Con Edison's equity investment in MVP, HLBV accounting for tax equity investments and transaction costs associated with the strategic alternatives review of Con Edison's equity investments in MVP and Honeoye, the amounts of which, if any, will not be determinable until year-end. Accordingly, the company is unable to provide equivalent measures determined in accordance with generally accepted accounting principles in the United States of America (GAAP). The company also forecasts a five-year compounded annual adjusted earnings per share growth rate of 6% to 7% based on the midpoint of its 2026 adjusted earnings per share guidance.
In 2026 and 2027, Con Edison expects to make capital investments of $6,595 million and $6,759 million, respectively. For 2028 through 2030, Con Edison expects to make capital investments of $24,339 million in aggregate. Con Edison plans to meet its capital requirements for 2026 through 2030 through internallygenerated funds, the issuance of long-term debt through public and private offerings and the issuance of common equity through public offerings, including pursuant to an at-the-market equity program. Con Edison's plans include the issuance of up to $3,200 million of long-term debt in 2026 and up to $3,000 million of longterm debt in 2027, including for maturing securities, at Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc. (collectively, the Utilities) and approximately $9,900 million in aggregate of long-term debt, including for maturing securities, at the Utilities during 2028 through 2030. Con Edison plans to issue up to $1,100 million of common equity in 2026, in addition to equity issued under its dividend reinvestment, employee stock purchase and long-term incentive plans. Con Edison also plans to issue common equity of approximately $1,200 million in 2027 and up to $3,300 million in aggregate during 2028 through 2030, in addition to equity issued under its dividend reinvestment, employee stock purchase and long-term incentive plans. Con Edison's estimates of its capital requirements and related financing plans reflect information available and assumptions at the time the statements are made and include, among other things, the assumptions that the Utilities' forecasted capital investments and financing plans through 2030 are approved by the New York State Public Service Commission. Actual developments and the timing and amount of funding may differ materially.
See Attachment A to this press release for a reconciliation of Con Edison's reported earnings per share to adjusted earnings per share and reported net income for common stock to adjusted earnings for the three months and years ended December 31, 2025 and 2024. See Attachment B for the company's consolidated income statements for the three months and years ended 2025 and 2024. See Attachments C and D for the estimated effect of major factors resulting in variations in earnings per share and net income for common stock for the three months and year ended December 31, 2025 compared to the respective 2024 periods.
The company's 2025 Annual Report on Form 10-K is being filed with the Securities and Exchange Commission. A 2025 earnings release presentation will be available at www.conedison.com. (Select "For Investors" and then select "Press Releases.")
This press release contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as "forecasts," "expects," "estimates," "anticipates," "intends," "believes," "plans," "will," "target," "guidance," "potential," "goal," "consider" and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made, and accordingly speak only as of that time.
Actual results or developments might differ materially from those included in the forward-looking statements because of various factors such as those identified in reports Con Edison has filed with the Securities and Exchange Commission, including that Con Edison's subsidiaries are extensively regulated and may be subject to substantial penalties; its utility subsidiaries' rate plans may not provide a reasonable return; it may be adversely affected by changes to the utility subsidiaries' rate plans; the failure of, or damage to, its subsidiaries' facilities could adversely affect it; a cyber attack could adversely affect it; artificial intelligence is an emerging area of technology that has the potential to impact various aspects of its and its subsidiaries' business operations and customer interactions; the failure of processes and systems, the failure to retain and attract employees and contractors, and their negative performance could adversely affect it; it is exposed to risks from the environmental consequences of its subsidiaries' operations, including increased costs related to climate change; its ability to pay dividends or interest depends on dividends from its subsidiaries; changes to tax laws could adversely affect it; it requires access to capital markets to satisfy funding requirements; a disruption in the wholesale energy markets, increased commodity costs or failure by an energy supplier or customer could adversely affect it; it faces risks related to health epidemics and other outbreaks; its strategies may not be effective to address changes in the external business environment; it faces risks related to supply chain disruptions, inflation and the imposition of tariffs (or subsequent changes to tariffs once announced or implemented); and it also faces other risks that are beyond its control. This list of factors is not all-inclusive because it is not possible to predict all factors that could cause actual results or developments to differ from the forward-looking statements. Con Edison assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
This press release also contains financial measures, adjusted earnings and adjusted earnings per share, that are not determined in accordance with GAAP. These non-GAAP financial measures should not be considered as an alternative to net income for common stock or net income per share, respectively, each of which is an indicator of financial performance determined in accordance with GAAP. Adjusted earnings and adjusted earnings per share exclude from net income for common stock and net income per share, respectively, certain items that Con Edison does not consider indicative of its ongoing financial performance such as adjustments to the loss (gain) and other impacts related to the sale of all of the stock of its former subsidiary, the Clean Energy Businesses, in 2023, the effects of HLBV accounting for tax equity investments and accretion of the basis difference of Con Edison's equity investment in MVP, the impairment loss related to Con Edison's investment in Honeoye, transaction costs associated with the strategic alternatives review of Con Edison's equity investments in MVP and Honeoye, remeasurement of deferred state income taxes related to the previously recorded impairment of MVP and the gain on the sale of an interest in a solar electric production project. Management uses these non-GAAP financial measures to facilitate the analysis of Con Edison's financial performance as compared to its internal budgets and previous financial results and to communicate to investors and others Con Edison's expectations regarding its future earnings and dividends on its common stock. Management believes that these non-GAAP financial measures are also useful and meaningful to investors to facilitate their analysis of Con Edison's financial performance.
* * *
Consolidated Edison, Inc. is a holding company that provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-squaremile area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., a regulated company primarily under the oversight of the Federal Energy Regulatory Commission, that develops and invests in electric transmission projects and owns, through joint ventures, both electric and gas assets.
* * *
Original text here: https://investor.conedison.com/static-files/45013afa-bd81-44ab-b2f2-dbe0997f1f59
[Category: BizEnergy]
BAE Systems Rolls Out World-Leading Combat Vehicle to the Slovak Armed Forces
ARLINGTON, Virginia, Feb. 21 -- BAE Systems issued the following news release:* * *
BAE Systems rolls out world-leading combat vehicle to the Slovak Armed Forces
The CV9035 MkIV for the Armed Forces of the Slovak Republic has been unveiled during a ceremonial rollout at BAE Systems Hagglunds in Sweden.
Swedish Minister of Defence Pal Jonson welcomed esteemed guest Slovak Minister of Defence, Robert Kalinak, and high ranking Armed Forces officials to the momentous event.
The first of 152 vehicles rolled off the production line in the second half of 2025 and are currently undergoing comprehensive ... Show Full Article ARLINGTON, Virginia, Feb. 21 -- BAE Systems issued the following news release: * * * BAE Systems rolls out world-leading combat vehicle to the Slovak Armed Forces The CV9035 MkIV for the Armed Forces of the Slovak Republic has been unveiled during a ceremonial rollout at BAE Systems Hagglunds in Sweden. Swedish Minister of Defence Pal Jonson welcomed esteemed guest Slovak Minister of Defence, Robert Kalinak, and high ranking Armed Forces officials to the momentous event. The first of 152 vehicles rolled off the production line in the second half of 2025 and are currently undergoing comprehensivetesting in Sweden. The ceremonial rollout marks a milestone in Slovakia's CV90 programme, which is being delivered under a government-to-government agreement between Slovakia and Sweden. It represents one of the largest modernization projects of the Slovak Armed Forces in decades and a key step in fulfilling Slovakia's commitments to NATO.
"We are proud to see the Slovak CV90 programme progressing as planned, with effective industrial cooperation at its core," said Tommy Gustafsson-Rask, Managing Director of BAE Systems Hagglunds. "Slovakia has joined the family of nations operating the CV90, a combat-proven platform serving multiple European armies."
Slovak industrial partners involved in the production and delivery of the vehicles for the Slovak Armed Forces joined the event. The contract includes significant participation from domestic industry, with Slovak companies accounting for more than 40% of the contract's total value.
The supply chain consists of close to 30 Slovak companies and continues to grow. During 2025, it expanded to include companies such as Hrinovske Strojarne, Konstrukta-Defense, MSM Land Systems, S.M.S. spol sro, STV Machinery and ThyssenKrupp Rothe Erde Slovakia.
This cooperation enhances security of supply, strengthens local knowledge and creates a foundation for Slovak industry to participate in future CV90-related programmes, beyond national deliveries. The CV90 programme stimulates local production, including technology transfer, expansion of facilities, and increased job opportunities throughout the region.
The CV9035 MkIV is the latest version of the proven infantry fighting vehicle. The Slovak variant is equipped with a 35mm Bushmaster III cannon, an advanced fire control system, and modern digital architecture, as well as an active protection system (APS) solution and an integrated advanced anti-tank guided missile, increasing the CV9035s' multi-domain capabilities on the battlefield. The MkIV offers enhanced ballistic and mine protection, a more powerful engine delivering up to 1,000 horsepower, and the ability to integrate new sensors and weapon systems based on user requirements.
The CV9035 MkIV provides crew with increased protection and improved situational awareness on the battlefield. It was designed to be upgraded over time, demonstrating its long-term investment value.
The CV90 is already in service in eight European nations, with vehicles for two additional NATO and EU member countries currently in production. Participation in the CV90 User Club enables the exchange of operational experience, cooperation in training and sustainment, and coordinated development of future upgrades, supporting both operational readiness and long-term capability development.
* * *
Original text here: https://www.baesystems.com/en/article/bae-systems-rolls-out-world-leading-combat-vehicle-to-the-slovak-armed-forces
[Category: BizNational Defense]