Related Posts
The U.S. Department of Labor put a new rule into effect that allows employee benefit plan administrators to use an electronic “notice-and-access” disclosure system, as a default method, which will make it much more difficult for millions of Americans who received critical, paper-based information about their 401k, pension and retirement plan rules. In a 2019 Pew Research Center survey, 10 percent of U.S. adults said they do not use the internet. American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement in response to the rule: “The American Forest & Paper Association is disappointed the Department of Labor’s ‘notice-and-access’ rule will result in fewer Americans receiving critical financial information to help them plan for retirement. “By creating electronic disclosures as the default, U.S. retirement plan holders must now navigate an onerous process to retrieve critical plan and benefit information that would otherwise arrive automatically and reliably by mail."
Domtar Corporation reported a net loss of $92 million for the third quarter of 2020 compared to net earnings of $19 million for the second quarter of 2020 and net earnings of $20 million for the third quarter of 2019. Sales for the third quarter of 2020 were $1.1 billion. Operating loss was $136 million in the third quarter of 2020 compared to operating income of $14 million in the second quarter of 2020. Depreciation and amortization totaled $71 million in the third quarter of 2020. Operating income before items1 was $43 million in the third quarter of 2020 compared to operating income before items1 of $15 million in the second quarter of 2020. When compared to the second quarter of 2020, manufactured paper shipments were up 20% and pulp shipments decreased 7%. The shipment-to-production ratio for paper was 105% in the third and second quarters of 2020. Paper inventories decreased by 20,000 tons, and pulp inventories increased by 38,000 metric tons when compared to the second quarter of 2020.
HD Advanced Technologies (HDAT), a wholly owned subsidiary of Heidelberger Druckmaschinen AG (HEIDELBERG), and Ondas Autonomous Systems (OAS), a subsidiary of US-based Ondas, Inc (Nasdaq: ONDS) (“ONDAS”) and a leading American-Israeli provider of autonomous defense and security systems, are joining forces by creating ONBERG Autonomous Systems (ONBERG), a joint venture (JV) for autonomous drone defense systems. The partners are thus implementing the Memorandum of Understanding signed in December 2025.
In the long term, ONBERG aims to close the existing market gap in the protection of critical infrastructure in Europe as a one-stop shop for autonomous drone defense systems. The solution portfolio is geared toward the highest requirements of national security, border protection, and the protection of critical infrastructure, and addresses military, civil, and industrial applications. It is based on OAS‘s battle-proven systems, which will be gradually supplemented with additional autonomous technologies as well as sensor and communication technologies. ONBERG will use HEIDELBERG’s existing infrastructure, particularly its site in Brandenburg an der Havel, which is being expanded into a leading center of excellence for drone defense and autonomous security systems.