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A British clean vehicle consortium, known as Hub2Hub and led by UK based Hydrogen Vehicle Systems (HVS), has been awarded an $AUD11million (£6.6 million) to develop and deliver a autonomous zero-emission heavy goods vehicle.
HVS is a UK-based hydrogen-powered commercial vehicle start which has laid out its plans to disrupt the haulage industry using hydrogen- electric powertrain technology which it showed in November last year, with a demonstrator truck. HVS will receive around $6 million (£3.4 million) as one of seven grants announced today from the Centre for Connected Autonomous Vehicles (CCAV and Connected and Automated Mobility (CAM) program in the UK .
The consortium, made up of HVS, Fusion Processing Ltd and ASDA, says it will build two prototype vehicles that will allow Level 4 autonomous-driving saying that it will accelerate toward the next generation of transportation and logistics.
The Hub2Hub consortium says it will create a self-driving heavy prime mover, which will begin vehicles trials in 2024, with major UK retailer, ASDA, supporting on end user needs as strategic partners. It’s hoped that the cost savings an autonomous lorry could provide will speed up the adoption of zero-emissions vehicles by the freight sector, reducing the industry’s contribution to climate change.
The $AUD21 million (£12 million) venture was selected by CCAV as a recipient for the joint industry and government-funded project with the aim of showcasing the potential of autonomy in the transportation sector with what it says will be unprecedented levels of efficiency, safety and operational cost savings for logistics operators, as well as providing new employment opportunities.
HVS says the first hydrogen-electric heavy truck prototype will be fitted with a driver’s cab and tested on the road in autonomous operation, using Fusion Processing’s automated drive system, known as CAVStar, with a human safety driver at the wheel.
It says the second prototype will have the driver’s cab removed and replaced by an aerodynamic fairing, and during the project it will be evaluated on test tracks, with the CAVStar system allowing a remote human driver, located in a control hub, to operate the vehicle.
The company says that together these two prototypes point to an optimised future logistics system where vehicles could be operated in autonomous mode on a hub-to-hub route, with a remote driver then taking control to drive the vehicle from the hub to its end destination.
HVS says that not only will its innovative heavy hydrogen truck decarbonise one of the biggest polluting vehicle sectors on the road, it claims will also expedite the development of Hub-to-Hub automated driving technology.
Fusion is a UK leader in autonomous vehicle technology and its collaboration in the project will see the development and integration of its advanced CAVstar system where a fusion of vision systems, AI and route planning can deliver a fully autonomous vehicle that takes over from a human driver and hands back control at pre-determined hubs on a route.
The result will help British companies seize early opportunities to develop experimental projects into scalable commercial offerings, ready for the market.
HVS CEO Jawad Khursheed said that with a transport revolution taking place in the UK and this consortium, is at the forefront of the innovation.
“We are engineering the world’s first autonomous hydrogen-electric powered HGV to demonstrate hub-to-hub logistics to a leading retailer, ASDA, to elevate public perception, showcasing the potential autonomy can deliver thanks to increased safety and fuel savings, and develop new business models.” said Khursheed
Meantime the UK government’s Business Secretary Grant Shapps said: the business of self-driving vehicles could add tens of billions to the national economy and create tens of thousands of jobs across in just a few years time.
” This is a massive opportunity to drive forward our priority to grow the economy, which we are determined to seize.,” Shapps said.
“The support we are providing today will help our transport and technology pioneers steal a march on the global competition, by turning their bright ideas into market-ready products sooner than anyone else,” he added.
Jim Hutchinson, the CEO of Fusion Processing says that its market analysis indicates that the commercial vehicle segments such as haulage are where we will see large scale deployments of autonomous vehicle technology first.
“Hub2Hub is a perfect showcase of what the advanced version of our CAVstar Automated Drive System can achieve. Combining SAE Level 4 autonomous driving with tele-operation to deliver safer and more efficient vehicle operations,” said Hutchinson.
Sean Clifton, the senior fleet manager at retailer ASDA said that reducing its fleet emissions was a major part of its plan of moving towards net zero.
“So that means we are keen to look at innovative new technology, such as autonomous HGV tractor units, which can make a real difference to our carbon footprint. We will continue to work with like-minded partners on projects such as this to reduce our impact on the environment,” he said.
The consortium says that forecasts predict that by 2035, 40 per cent of new UK car sales will have self-driving capabilities, with a total market value for connected and automated mobility worth the equivalent of $AUD72.84 million (£41.7 billion) to the UK and could create nearly 40,000 skilled jobs in connected and automated vehicle (CAV) technology.
They claim that autonomous, self-driving vehicles have the potential to revolutionise haulage and logistics sectors, particularly the long-haul, heavy-duty goods vehicle market.
“Through the integration of ground-breaking sensor technology within the vehicle consisting of an array of radars, LIDARs, cameras, and Artificial Intelligence, it provides unprecedented operational safety without human intervention,” the Hub2Hub consortium says in its announcement release.
“The application of this advanced system offers a next-generation solution to today’s shortcomings in the haulage industry, namely solving issues of driver shortages and improvement in driver quality of life, thanks to remote tele-operated vehicles. Drivers can stay local as well as take advantage of less intensive driving shifts, for a greater work-life balance,” it added.
“Improved operational efficiencies will help create and support new business models by providing never-before-seen freedoms of transport logistics and reductions in vehicle TCO. The automated haulage depots and hubs used for autonomous vehicle technology will also offer improved usage of space, safety and efficiency for operators,” it concluded.


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ABI Research has offered up its latest report and the report claims that Android is headed to nearly half of the smartphone market by 2016. ABI says that by 2016 Android will hold 45% of the smartphone market, which is a massive increase of 71% growth over levels the OS held in 2009. ABI also notes that 69 million Android smartphones shipped last year.
By 2016, ABI also notes that iOS will have 19% of the market by 2016. While iOS and Android will grow from now until 2016, ABI predicts that RIM will lose market share. RIM is expected to shrink from 16% of the market in 2010 to 14% by 2016.
ABI also predicts that BADA will do well on the smartphone market. “With 4 million units shipped in 2010 (amounting to a 1.5% market share), Bada has taken off very well, very fast,” analyst Michael Morgan adds. “Bada may reach 10% market share by 2016. Windows Phone 7, on the other hand, which shipped in two million handsets in Q4 2010, will have to find incredible success through its Nokia channel to take more than 7% of the market by 2016.”

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News tagged "Samsung"
Samsung Galaxy S4 mini benchmark scorecard surfaces
The S4 Mini will feature a 1.7 GHz dual-core Qualcomm Snapdragon S4 processor with an Adreno 305 GPU.
Samsung Galaxy S4 Active spotted in benchmark scores
Unlike the standard Galaxy S4, the S4 Active runs on the older dual-core Snapdragon S4 processor.
Samsung Galaxy S4 expected to hit 10 million sales next week
The Galaxy S4 is expected to pass the 10 million sales mark next week, according to co-CEO JK Shin.
IDC on smartphones in Q1: Android up, iOS down, WP 3rd
Total shipments of smartphones in Q1 grew nearly 60% compared to last year. Android and iOS far ahead.
Google to start selling the Galaxy S4 running stock Android
Instead of a new Nexus device, Google has announced a stock Android edition of the Galaxy S4.
Samsung Galaxy S4 mini leaks in new photos
The soon to be announced Samsung Galaxy S4 mini leaks once again, this time in high-res photos.
Is Samsung working on a stock Android version of the Galaxy S4?
Rumor has it that we'll be seeing a stock, Nexus-like, TouchWiz-free version of the S4 flagship.
Samsung ships 6 million Galaxy S4's, breaks own record
The company shipped four million units of its new flagship in the first four days alone.
Apple aims to add Galaxy S4 to patent lawsuit against Samsung
Apple claims to have evaluated the Samsung Galaxy S4 smartphone and has found it to violate its patents.
74.4% of smartphones sold in Q1 run Android, gap to iOS widens
According to analyst company Gartner, Samsung is accountable for 30% of all smartphones sold.
Dual-core Exynos 5210 allegedly confirmed for Galaxy S4 mini
The upcoming Galaxy S4 mini will likely sport a dual-core 1.6 GHz Exynos 5210 processor.
Samsung Galaxy S4 Zoom camera sample leaks
Is the Samsung Galaxy S4 Zoom a smartphone with a zoom lens? We get a camera sample with EXIF info.
Samsung Galaxy S4 Activ certified by Bluetooth SIG, UA profile leaks
The Galaxy S4 Activ is supposed to be the water-resistant version of the Galaxy S4 flagship.
Samsung plans to offer 5G services by 2020
The 5G services will use a 28 Gigahertz waveband and will transmit data at a speed of 1 Gbps.
Blue Arctic Samsung Galaxy S4 spotted in Japan
A new color version of the Samsung Galaxy S4 has been spotted in the brochure of a Japanese carrier.
Alleged images of Samsung Galaxy S4 Mini leak
The smartphone is rumored to feature a 1.6GHz Dual-core processor, 1 GB of RAM and 8 MP rear camera.
Over 300 million smart devices shipped in Q1 2013, Canalys says
Canalys reveals that some 300 million tablets, smartphones and notebooks have been shipped in Q1.
Samsung Galaxy S4 Zoom to have 10x optical zoom?
That's the latest rumor about the unannounced Galaxy S4 Zoom camera-centered smartphone.
Apple requests Android source code in its suit against Samsung
The Cupertino giant's request is part of its second patent infringement lawsuit against Samsung.
T-Mobile US Q1 results: 500K iPhone 5 sales, user base grows
The carrier saw revenue and net income drop year over year, but the user base grew.


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We're all getting a better picture of the latest online advertising trends with the recent release of earnings from three leading web portals, revealing a looming slowdown for names like Sina (SINA), Sohu (SOHU -1.12%) and Phoenix New Media. Sina and Sohu could offset the slowdown through growth in their newer businesses, which includes Sina's Weibo microblogging service and Sohu's search and video services. But everyone could also face more challenges from newcomers like Qihoo 360 (QIHU.DL), which is under intense pressure to start monetizing its highly-hyped and fast-growing So.com search service.
We'll look more closely at individual company data in a moment, but let's start with China's broader advertising market, which rebounded slightly last year to grow 6.4% after a dismal year in 2012, according to newly released data. Online spending easily outpaced the broader market, growing 46% for the year. The overall market is expected to slow slightly this year, with 6% growth forecast for 2014, according to Kantar Group and CTR, which compile the data.
Newly data in the quarterly earnings reports from Sina, Sohu and now Phoenix mostly seem to validate the broader forecast. Sina said earlier this week that its ad revenues grew 45% in the fourth quarter, and forecast 48% growth in the current quarter. But it's also worth noting that excluding ad revenue from its much faster-growing Weibo microblogging service, Sina's ad revenue grew just 28% in the fourth quarter and the rate is likely to stagnate or drop slightly in the current quarter.
Meantime, Sohu announced last week that its brand advertising revenue grew 50% in the fourth quarter, and forecast the rate would drop to 40% in the current quarter. The newest numbers from Phoenix show ad revenue grew 37% in the fourth quarter. It forecast the rate would pick up slightly to 40% growth in the current quarter, the most upbeat assessment of any major Internet company so far, helping to lift its shares 7% in after-hours trade after the results were announced.
What Baidu's results mean
We'll get the clearest picture of the latest trends when Baidu (BIDU -4.67%), the granddaddy of all the advertising-dependent giants, reports its quarterly results later today in New York. The bigger picture is that the growth rate for online advertising is probably set to peak in early 2014, and is likely to go down from there. But the news could be a bit gloomier for all the existing players due to the entry of new players into the space, most notably Qihoo and top Internet company Tencent.
Qihoo probably poses the biggest threat, since it has rapidly built up its So.com search engine over the last year, and now controls more than 20 percent of the market. Its stock has soared on expectation that it will soon monetize those gains, putting huge pressure on the company. Meantime, Tencent is also moving aggressively to monetize its wildly popular WeChat mobile instant messaging service, and advertising revenue is clearly one of its targets. At the end of the day, 2014 will be a tough year for all the ad-dependent companies, which are all likely to see their advertising revenue growth rates drop steadily throughout the year.
China's advertising dependent Internet companies are likely to see a slow but gradual erosion of their ad revenue growth throughout 2014 as the market slows and competition increases.


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Turkey’s retail sales volume with constant prices picked up 12.3 percent year-on-year in July, according to official figures released on Sept. 13.
In the month, non-food sales (except automotive fuel) were up 18.2 percent, while automotive fuel and food-drinks-tobacco sales increased 8.1 percent and 5.2 percent, respectively, data from the Turkish Statistical Institute (TÜİK) revealed.
All non-food indices, including textile, clothing, and footwear, were up 37.3 percent annually, computers, books, and telecommunications equipment rose 7.3 percent, electronic goods and furniture jumped 1.1 percent, and medical goods and cosmetics surged 16.9 percent.
Sales by mail order and the internet also climbed 46.1 percent year-on-year in July.
Meanwhile, the retail sales volume was up 0.7 percent on a monthly basis, TÜİK said.
Retail turnover soars in July
According to the latest data, retail turnover with current prices increased by 32.7 percent in the month compared with the same month last year.
“In the same month food, drinks and tobacco sales increased by 24.9 percent, non-food (except automotive fuel) sales rose by 37.9 percent, automotive fuel sales up by 31.4 percent,” TÜİK said.
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Xiaomi’s Mi 11 Series is supposed to be the first smartphone with the upcoming Snapdragon 875 SoC, as per the rumors. Xiaomi Mi 10 series was a great success in various smartphone markets like China, India, etc. Xiaomi always tries to do things out of the box with its Mi series of smartphones. Now, the famous leakster @DigitalChatStation from the Chinese microblogging site Weibo posted an update about Mi 11 Pro, stating that it will feature QHD+ Display with a 120Hz refresh rate.
Xiaomi Mi 11 series will the successor of Xiaomi Mi 10 series and is likely to debut early next year. The tipster has claimed that there’s a high version of a smartphone that carries support for a quad HD+ resolution and a 120Hz refresh rate. It seems to be a big upgrade since the Xiaomi Mi 10 Pro that debuted earlier this year supports a full HD+ resolution and a 90Hz refresh rate.
The leak suggests that the tipster might be talking about an upcoming flagship phone. Unlike flagship phones from Samsung, Huawei, OnePlus, and OPPO that carries support quad HD+ resolution, Xiaomi’s flagship smartphones have supported only full HD+ resolution. The tipster had claimed within the recent past that Xiaomi flagship phones arriving in 2021 will support quad HD+ resolution. Since he used the words “high version”, he might be talking about the Xiaomi Mi 11 Pro from the upcoming Mi 11 series.
The new screen of the Mi 11 Pro is going to be a huge upgrade over the Mi 10 Pro that brings a 1080p resolution and “just” 90 Hz refresh rate. The leakster revealed the selfie shooter will stay within the upper left corner and therefore the whole panel will have some curved sides, but nothing extraordinary. Similar is that the situation with the cameras – just a small update instead of a serious overhaul.
Xiaomi Mi 11 Pro Key Specifications (Rumored/Alleged)
The details about the Mi 11 Pro come just days after the Mi 11 surfaced on benchmark site Geekbench with a model number M2012K11C. Both Mi 11 and Mi 11 Pro are alleged to have Qualcomm Snapdragon 875 SoC and run-on Android 11 with a replacement MIUI skin on top. The Mi 11 within the new series is additionally said to possess a 48-megapixel ultra-wide-angle camera sensor at the rear with a pixel size of 0.8 microns.
The main camera of the smartphone is going to be improved, first of all, thanks to the new ultra-wide-angle sensor. consistent with him, the 13-megapixel module, which was installed within the Xiaomi Mi 10, is going to be replaced by a 48-megapixel sensor with a pixel size of 0.8 microns each. it’s going to be a coincidence, but rumor has it that within the case of the iPhone 13, it’s also decided to require the trail of improving the wide-angle sensor. Improvements in optical image stabilization should even be available.
What other sensors are going to be installed within the Xiaomi Mi 11 camera isn’t reported. But with a high degree of probability, a 108-megapixel module is going to be the most one. the corporate has already confirmed that it plans to launch new flagships supported the Snapdragon 875. And these are going to be the primary devices from China with the new platform from Qualcomm. Among the improvements also are a rise in fast charging power, a 4900mAh battery. It also uses a display with an increased hertz cycle, and, possibly, its resolution is going to be QuadHD+.
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Whirlpool Corp. said on August 28 it would close a plant in Evansville, Indiana, eliminating some 1,100 jobs by mid-2010.
Production of refrigerators made at Evansville will be transferred to a facility in Mexico while icemakers will be relocated to a site yet to be determined.
"The announcement follows a comprehensive review of alternatives for product consolidation within the refrigeration product category," the Michigan-based firm said. The company also said that it is evaluating options for the best location for its refrigeration product development center at the Evansville plant that employs about 300 people.
"This was a difficult but necessary decision," said Al Holaday, vice president of Whirlpool's North American manufacturing operations. "To reduce excess capacity and improve costs the decision was made to consolidate production within our existing North American manufacturing facilities. This will allow us to streamline our operations, improve our capacity utilization, reduce product overlap between plants, and meet future production requirements.
Among the biggest appliance makers, Whirlpool markets the brands Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and others in nearly every country around the world.
Copyright Agence France-Presse


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The japanese manufacturer confirmed that the next generation of the current Nissan Sentra is scheduled for 2019. The sedan that will be renewed totally in the next year, it will be more efficient and technological
Nissan openly acknowledge that the current Sentra does not enjoy the expected success, especially in united States, a market where despite of the growing demand for crossover, the models still play a fundamental role in the preferences of the public of that country.
On the occasion of the Auto show New York 2018 that these days is celebrated in the american city, one of the managers of the brand in that market, confirmed to the press that the next year, we will be able to know the next generation of the Sentra, .
Michael Bunce, Vice president of Product Planning of Nissan north America stated that the eighth generation of this sedan will arrive next year and you will receive very important changes in technological terms, in addition to exterior design, fully renovated, will incorporate some of the features of sporty look, with the purpose of achieving conquer the public never managed to fully accept the format outside of the current model.
Another of the problems of the current model is related to its four-cylinder engine of 1.8 liters of cubicaje that develops 130 HP of power and a maximum torque of 168 Nm, a propeller that fails to meet the expectations of the us customer and that is at a disadvantage compared to their segment rivals.
By the time the manufacturer has not revealed more details about the Nissan Sentra 2019, although its exterior design will be inspired by the prototype Vmotion 2.0 that the asian manufacturer introduced last year at the Detroit Auto show, which also inspired the new generation of the Nissan Altima that recently debuted in the Auto show New York 2018.
Nissan sees a great opportunity with the Sentra her face generational change, since it is a segment with high demand in the markets of north America, especially in united States and with a product that is able to meet the expectations of the public, success is assured.


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State firms receive help in bringing products to market
Seven state companies each will receive a $75,000 grant under a new program aimed at helping them commercialize their products.
The first-ever grants are being distributed by a program called SBIR Advance. The program is funded with $1 million from the Wisconsin Economic Development Corp. and administered by the UW-Extension Center for Technology Commercialization.
All of the companies have already received federal grants — either Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants. But they aren't able to use those funds for activities like patent work and customer development and validation.
Madison companies receiving the grants are: C-Motive Technologies Inc.; Isthmus Biosciences Inc.; Nutrient Recovery and Upcycling LLC; and Pan Genome Systems Inc. Other recipients are: V-Glass LLC, Milwaukee; Fiberstar Bio-Ingredient Technologies Inc., Eau Claire; Medical Cyberworlds Inc., Verona.
Recent national business updates from the Associated Press


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Remember Android One? Google launched the program in 2014 as a way to improve cheap, low-end Android phones. These days, though, that responsibility has passed to Android Go -- a new version of the operating system optimized for lower-performing hardware. Android One, meanwhile, has morphed into a 'pure Android' stamp of approval (similar to the old Google Play Edition branding) with timely software and security updates. Today, Xiaomi is announcing two new smartphones -- the Mi A2 and Mi A2 Lite -- which run this near-stock version of Android. More importantly, both devices are coming to 40 markets, including Spain.
Update: The Mi A2 will be available in the following European markets: Belarus, Bulgaria, Czech Republic, France, Greece, Hungary, Italy, Poland, Romania, Russia, Slovakia, Spain, Turkey and Ukraine. It's also coming to Colombia and Mexico (no word on North America) and a variety of markets in the Middle East, Africa and Asia Pacific, including Egypt, India, Hong Kong, Philippines, Saudi Arabia, Singapore, Thailand, and the UAE.


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BOCA RATON -- With a formally-attired flamingo as mascot this year, Boca Festival days are back once again to lure people out of their homes to dance, get their palms read, indulge in some wine tasting and participate in a variety of events.
This is the 10th year for the festival, initially designed by the Greater Boca Raton Chamber of Commerce to give local merchants a boost as business slumps to its lowest point during August.
"The quality of the events are the best" this year, said Pam Wilson, director of communications for the chamber. The festival events are expected to entice residents out of their homes and into various shopping centers, restaurants and hotels.
But the festival has grown into more than just a business-booster, Wilson said.
"It has a lot of different facets," she said. "It's become a community- wide (project) for people to have a good time."
Wilson said she expects "tons" of people to participate in the festival days. In 1985, nearly 50,000 people turned out.
Tickets are already on sale for the events and many of them are going fast.
With the top-hatted flamingo as a symbol for the events, a highlight of the month is expected to be the Flamingo Strut on Aug. 23, Wilson said. The downtown parade, sponsored by Siemens A.G. to benefit a local treatment center for abused and neglected children, will feature business-sponsored units doing individual versions of a flamingo strut.
"The flamingo strut really gives us something to hang our hat on," Wilson said. "The enthusiasm is really great."
And in the midst of the festival days, the 18th annual Boca Expo also will take place. The expo, an annual business and industry fair, will be in the Florida Atlantic University Gymnasium on Aug. 14-16. There will be a food fair, and 148 businesses displaying their wares. Free advance tickets are available for the event, which will cost $1 at the door. For information, call 395-4433.
The International Winefest at the Boca Pointe Country Club will kick off the festival tomorrow. The event will be bigger than ever this year, to avoid having to turn away wine-seekers, as happened last year. The winefest will be from 6 to 8 p.m. and will provide a sampling of wines and imported cheeses. Tickets cost $12.50 in advance and $15 at the door. Call 368-4969 for information.
If ice cream is more your style, the Festival Scoop, at the Sheraton Hotel, will offer an ice cream social featuring an ice cream eating contest on Aug. 2. For information, call 391-2238.
Those interested in looking into their futures can visit the Psychic Fair at Best Western Inn, 2700 N. Federal Highway, Aug.7-9.
Music lovers can choose from a variety of events.


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Bentley is getting ready to unveil the new 2012 Bentley Continental GT V8 at the 2012 North American International Auto Show in Detroit. The GT V8 features a new, more fuel-efficient V8 engine, which is a first for the otherwise W12-only lineup.
The 2012 Bentley Continental GT V8 is the new entry-level GT, if a Bentley can ever be considered ‘entry-level’. It features an Audi 4.0-litre twin-turbo V8 producing 373kW of power and a stump-pulling 660Nm of torque.
Acceleration from 0-100km/h is taken care of in just 4.8 seconds, while top speed is rated at 303km/h. Part of this acceleration potential is down to a new eight-speed automatic transmission.
The new 2012 Bentley Continental GT V8 is not only a quick bit of kit, it has also been created to be more friendly to the environment and your hip pocket compared with its bigger W12 brothers. Bentley says fuel economy is improve by up to 40 per cent over the W12. This is partly due to cylinder deactivation technology which cuts four cylinders during light throttle loads and highway cruising.
Distinguishing features for the GT V8 compared with the W12 include a black mesh grille with chrome surround, three lower air intakes in the front, figure ‘8’ exhaust outlets, and a darken rear diffuser section.
Bentley Australia has said the new entry-level model will hit local showrooms during the third quarter of this year. Click play on the video below as former world rally champ Juha Kankkunen talks about the new model.


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Store cards have dodged a bullet.
The Federal Reserve Board's latest round of credit card rules require retailers and their issuing partners to consider some additional information about customers who apply for private-label or cobranded cards at the cash register, including their income and existing obligations.
Many in the industry had braced for worse.
Specifically, retailers had worried they would be required to verify income or assets by collecting copies of customer pay stubs, tax returns or bank statements. But the final version of the rule, which the Fed released this month, allows issuers to estimate income and assets using computer models.
"I think they are all breathing a big sigh of relief," said Steven Jacowitz, a former credit executive at Saks Fifth Avenue, Bloomingdale's and Filene's, and now the director of alliance development at Auriemma Consulting Group.
Under the Credit Card Accountability, Responsibility and Disclosure Act, beginning Feb. 22 all issuers granting line increases or new accounts will have to consider the applicant's ability to make the minimum monthly payment. Part of the Fed's rules — all 1,155 pages of which landed on Jan. 12 — defines "ability to pay," and says the assessment must include "a review of the consumer's income or assets as well as current obligations."
The rules apply to all issuers, but had the potential to particularly hurt retailers that take applications and almost immediately issue cards at the point of sale.
That's because few shoppers take their tax returns or bank statements with them to the mall. And those consumers who apply for "instant" credit cards at the checkout counter are unlikely to wait for a lengthier approval process — or be willing to provide detailed financial information to store clerks in a public setting.
"We are pleased that the final rules are more balanced than some versions that had been discussed," said Mark Williams, the president of financial services for Best Buy Co. Inc.
The electronics retailer had specifically asked the Fed, in a November comment letter, for reassurance that "its intent is not to require retailers in an 'instant credit' environment to collect or verify written documentation … from consumers as part of the credit application process."
Williams said by e-mail Monday that Best Buy now expects "minimal disruption" from the finalized rules. "I do expect the number of instantly approved accounts to reduce by a nominal amount and there will be some customer confusion, but both of these will improve as both consumers and lenders become used to the process," he wrote. "We have plans in place to help consumers through the process and optimize the number of customers approved." (HSBC Holdings PLC, which issues Best Buy's cards, would not discuss the matter.)
The Fed's requirement that a store-card issuer consider an applicant's income and liabilities "will have an impact, but probably not as great an impact as many retailers allege," said Duncan Douglass, a lawyer who advises financial companies and retailers as a partner at Alston & Bird LLP. "There's no obligation on the part of the retailer or issuer to verify income — nobody has to bring a pay stub in. That doesn't really change the historical practice."
Of the Fed's preliminary rules, first announced in September, the one "that probably caused the greatest consternation was the one around annual income," Jacowitz said. "It was everyone's belief that there would be a requirement for annual income, and now the regulations have come out in a way that allows the credit grantors to triangulate the income, to find it in a way other than asking a consumer."
That "triangulation" can be done with the help of vendors like the credit bureaus, which already crunch data on payment history, assets and liabilities for lenders.
According to the Fed, "to provide flexibility regarding consideration of income or assets, the final rule permits issuers to make a reasonable estimate of the consumer's income or assets based on empirically derived, demonstrably and statistically sound models."
For bureaus like Equifax Inc., which has already started selling a Personal Income Model to lenders, helping clients comply with the new rules is relatively easy, not to mention lucrative. "We've already had orders from several private-label issuers," Dann Adams, president of Equifax's Consumer Information Solutions business, said last week. (He would not identify any of them.)
Nordstrom Inc., one of the few remaining retailers to issue its own private-label and cobranded credit cards, said it is already eyeing such "an automated solution." Though that will undoubtedly add to Nordstrom's expenses, Colin Johnson, a spokesman for the Seattle luxury retailer, was sanguine about the Fed's new requirement. "We really don't think it's going to negatively impact the shopping experience for our customers," he said.
Target Corp., which in 2008 sold a minority stake in its receivables to JPMorgan Chase & Co., was slightly more pessimistic.
"Overall, the Credit CARD Act has significantly reduced or eliminated strategies Target has used in the past to manage our credit portfolio," Eric Hausman, a Target spokesman, said by e-mail. Nevertheless, Target's "modifications to our in-store and mail-in applications are under way to properly consider applicants' ability to repay incurred balances on their accounts."
JPMorgan Chase said it was "continuing to study the new rules."
Citigroup Inc., which is attempting to sell off or unwind its large retail-partner card portfolio, said it "is working closely with our retail partners to execute and comply fully with the necessary CARD Act and Regulation Z provisions by the deadlines imposed."
Many general-purpose card issuers — and even some retailers offering store cards — have already collected income information from credit applicants, "because it has been a consideration for underwriting," said John Grund of First Annapolis Consulting. Some store cards, however, have traditionally used less stringent underwriting, to facilitate on-the-spot issuance and to encourage customers to spend more money at the retailer.
The income and liabilities requirement is only one additional pressure attached to store cards — and, some say, not the most onerous.
Many issuers have raised interest rates or finance charges across store-card portfolios — or even, in the case of Alliance Data Systems Inc., started charging cardholders for receiving paper statements.
"The biggest challenge is that … the majority of issuers have already made changes that have made these cards less attractive," Jacowitz said.
"The issuers are saying, 'We need to do this because we're not going to be able to do it in the future,' " when restrictions on raising rates kick in.
"But retailers who have private-label programs generally feel that they're pretty important to running their business — it's all around, 'How do I get the customer to do more?' " Jacowitz said.
The result of measures like rate hikes or charging for paper stataments, he said, is that "by making them less attractive, it's making it a little more difficult to sell a credit card to a consumer."


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Facebook founder Mark Zuckerberg called his employees “Metamates” when he unveiled new principles and values for working at Meta Platforms Inc. This week, Zuckerberg tried to encourage his staff by using phrases such as “move fast”, “build awesome things”. and “living in the future”. This comes despite the company currently grappling with the growing challenges of its sudden shift from a social media platform to virtual reality and the “metaverse”.
According to The Guardian, Zuckerberg unveiled a number of new slogans and internal branding changes at a town hall meeting on Tuesday. Additionally, in a post shared on the Facebook page, Meta’s CEO said his company is now “a metaverse company, building the future of social connection” instead of just being a social media company. In addition, the company now treats its employees as “metamates”. The outlet said one of the executives thinks “metamates” is a reference to the naval slogan “ship, shipmate, self.”
Zuckerberg wanted to calibrate Meta policies
Tuesday’s meeting following the company’s recent renaming where Zuckerberg expressed that he wanted to calibrate company policies. It’s pertinent to note that the values and policies of the company, formerly called Facebook, have not been updated since 2007, the outlet said. Even though the media reported that Metaverse is facing issues on the investor side, Zuckerberg called on workers to “focus on long-term impact.” According to The Guardian, the Meta CEO’s remarks may be a nod to investors’ concerns about the sudden fallout from the changes.
“‘Focusing on long-term impact’ emphasizes long-term thinking and encourages us to extend the timeline of the impact we have, rather than maximizing short-term gains,” said writes Zuckerberg in his article. “We must tackle the challenges that will have the most impact, even if the full results will not be visible for years.”
Tuesday’s meeting hosted by Zuckerberg took place against the backdrop of the company’s existing employees dealing with the rapidly drifting social media industry, even as several years have gone into building one of the biggest tech giants. According to the report, Instagram and Facebook engineers have been motivated to apply for jobs in the company’s metaverse and artificial reality departments. Meanwhile, Meta itself has hired thousands of new workers from rival companies, including Apple.


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In an unexpected turn of events, Victoria Beckham (AKA Posh Spice and reigning kween of the British fashion industry) just discovered her love for iconic Aussie brew, Victoria Bitter.
Now, we know what you’re thinking: Bullshit. But we kid you not, this legit happened and we’re as shook by the gloriousness of the situation as you.
Just yesterday Vic took to Instagram Stories to share a snap of her kicking back to enjoy a bottle of Victoria’s finest on her recent trip to Sydney.
The picture was accompanied by the caption “Kisses from VB in Sydney” and not one, but THREE, thumbs up.
Don’t believe us? Here’s the pic:
Which has us all like:
Ofc, nobody is more stoked about the news than the folks over at Victoria Bitter, who’ve arranged for a couple of custom slabs to be sent to VB and DB’s snazzy London abode.
“We were pretty stoked to see Victoria Beckham post a snap of VB to her 23.1 million followers while she was in Sydney,” says VB’s Marketing and Sponsorship Manager, Hugh Jellie.
“To remind the Beckhams of their visit downunder, we packaged up two specially marked cases of VB for them to enjoy at knock off time.”
Honestly, what I’d give to be a fly on the wall when that slab delivery is made on one of the fanciest streets in West London… Neighbours be like, “Oh what did the Beckhams order?” and the postie being like “VB bruh” and then the Victorian classic becomes some kind of coveted British high society brew. Yup, here for it.
Last but not least is a snap of those spesh VB bottles we mentioned earlier:
May this be the beginning of a beautiful friendship.
All that’s left to do now is sit, wait and pray for a shoey vid to emerge.


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Crackdown begins on misleading brand names
A few food brands using names with superlatives have come under scrutiny by the regulator, the Food Control Administration Unit (FCAU), over the past few weeks, The Sunday Morning Business reliably learns.
According to sources, this includes popular products such as Munchee “Super” Cream Cracker, Maliban’s “Original” and “Real” brands, Sera “Real” Coconut Milk, and certain Kist products.
This is due to the Government’s decision to implement a 15-year-old food regulation as per the Food (Labelling and Advertising) Regulations 2005, under the extraordinary gazette issued under the Food Act No. 26 of 1980.
Most of these companies have fought back and justified the product’s names to the regulator. However, a handful of products have failed to back up their names with solid evidence. As a result, these companies have been either penalised or given time to remove the misleading superlatives from the products’ names.
“We are certainly not against removing superlatives that are actually misleading. But we will keep fighting with the Government if they implement this regulation in an impractical manner,” an official in the confectionery industry told The Sunday Morning Business.
Magna Real Jumbo Peanuts, a product of Radiant Confectioners (Pvt.) Ltd., last week became one of the first products to be fined under the newly implemented regulation. Radiant Confectioners pleaded guilty at the Colombo Fort Magistrate’s Court for misleading the public by using the word “real” when it had not been proven to be real. The company was fined and had pledged to continue the product line without using the word “real”. All attempts to reach Radiant Confectioners for comment were proven futile.
Further, the FCAU has already issued directives to rice companies, including those using the name “Supiri Samba”, with a grace period of three months. This period is to allow them to change their products’ names to exclude misleading superlatives, prove the superlatives are in their product, or scientifically justify its usage.
Companies that do not comply with the requirement even after the three-month grace period would face legal action, according to the FCAU of the Ministry of Health and Indigenous Medical Services.
As exclusively reported by The Sunday Morning Business on 19 January, under the headline “No more ‘super’, ‘smart’, or ‘gold’ on biscuits”, the regulation is to discontinue the use of superlatives, including the aforementioned ones, in naming food products, unless those names are scientifically proven.
Due to the impracticality of implementing the regulation, the industry has requested a six-month time period from the FCAU to have a series of discussions with the relevant authorities and industry.
The discussions will be on whether it is practical to implement this regulation and would also look at ways of implementing the regulation without damaging the reputation of the brands that have already gained wide recognition, both locally and internationally.
A senior official from the confectionery industry told us that if the FCAU and the Minister of Health fails to provide a reasonable solution for this issue, they will take it to the court for justice.
Furthermore, the industry also alleges that the implementation of such a regulation out of the blue has been due to local authorities copying an Indian regulation of the same nature, and criticises that such regulations are ill-suited to the Sri Lanka’s food industry.


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Online Retailers See Strong Cyber Monday Sales
U.S. online retailers reported strong holiday sales results on Cyber Monday (Nov.30) 2009 compared to the same period last year, according to a new report from Coremetrics.
Cyber Monday sales were up 24.1 percent compared to Black Friday 2009. Consumers spent more per online order ($180.03 versus $170.19 for an increase of 5.8 %) compared to Black Friday.
Total sales were up 13.7 percent compared to Cyber Monday 2008 with the average dollar amount spent per online order jumping 38.2 percent from the previous Cyber Monday ($180.03 versus $130.24), led by apparel retailers.
"We are seeing good online buying momentum because people are looking for the very best deals, and are going online for the most convenient way to shop," said John Squire, chief strategy officer, Coremetrics.
"We expect to see one more spike in online spending when the final ‘free-shipping-is-ending’ promotions are announced. Until then, retailers will watch consumer behavior very carefully to gauge what’s working well and what they need to adjust. The end result will be a boon to consumers, as retailers pull out all the stops to entice consumers to make that purchase."
Consumers purchased nearly 10 percent more items per order on Cyber Monday 2009 compared to Black Friday and nearly 30 percent more compared to Cyber Monday 2008.
Apparel retailers and jewelry retailers saw the biggest increase in the average dollar amount consumers spent per online order, up 26.4 percent and 14.3 percent respectively.
Sports apparel and gear retailers experienced a rise of nearly 55 percent in the number of new consumers visiting their sites. However the average dollar amount consumers spent per online order dipped slightly by 3.1 percent.
Department stores also had success attracting new consumers to their websites, with a 33 percent increase. Overall, the average order value was down nearly 17 percent.


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News Corp., the publishing company controlled by Rupert Murdoch, reported second-quarter earnings that exceeded Wall Street forecasts while revenue declined as expected, reflecting slower advertising sales.
Yahoo reported on Tuesday that its quarterly profit jumped at the end of last year, but revenues sank in a troubling sign for the struggling Internet pioneer.
Yahoo chief operating officer Henrique de Castro is walking away with a stock award of $20 million as the company struggles to boost revenues, regulatory filings showed.
The United States Supreme Court will decide whether a startup company can offer live television broadcasts over the Internet without paying fees to broadcasters.
Concerns about Facebook's ability to keep young teens coming back every day spooked some investors, even though the company's latest quarterly results showed continued strength in mobile advertising and beat Wall Street's ...
Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year's most eagerly awaited stock market debuts.
One of the biggest challenges facing Brian McAndrews, the new CEO of Pandora, will be renegotiating the royalty rates the Internet radio giant pays to the music industry.
Yahoo CEO Marissa Mayer says the Internet company now has about 800 million worldwide users, a 20 percent increase since she was lured away from Google 15 months ago to steer a turnaround.
Setting its sights on accelerating growth in advertising revenue, Internet radio giant Pandora on Wednesday named the former head of digital advertising company aQuantive, Brian McAndrews, as its new chief executive.
Yahoo has refreshed its logo for the first time since shortly after the Internet company's founding 18 years ago.


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Guest post from Rachel Park, an influential voice in the 3D printing industry, about her visit to the formnext 2015 trade show in Frankfurt.
Autodesk Dreamcatcher wants to combine the power of cloud computing with generative digital manufacturing. Here’s a first look.
40 percent bigger, better laser system, new cartridges and better software: Formlabs Form 2 sounds extremely tempting. These are the facts.
When it comes to facts on the 3D printing industry, nobody can compete with market researcher Terry Wohlers. In anticipation of the annual Euromold conference, All3DP asked him about the trends.
iMaterialise just announced the new exclusive line of 5 colors to Alumide material: Asphalt Black, Brick Red, Rusty Orange, Sparkly Blue and Moss Green.


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|By PR Newswire||
|January 8, 2013 07:50 AM EST||
LONDON, January 8, 2013 /PRNewswire/ --
Products such as the Nintendo Wii and Xbox Kinect have revolutionised the traditional gaming console and the way gaming interacts with the player. With convenience being a major part in the way consumers shop, epay provides a Gaming & Entertainment solution to the independent retail estate. To help retailers capitalise on the gaming and entertainment trend, epay launched gaming credits for Xbox, Sony PlayStation Network and Nintendo, as well as gift cards for Amazon and Amazon Kindle, into the convenience retail market in December 2012. This ensures consumers can now top-up their account, purchase a subscription, or buy a gift card in their local store at a time convenient for them.
The gaming market is one that continues to boom, with one in three people in the UK now playing a form of interactive entertainment. Gaming has moved on from static single player video games to fully immersive, interactive, physical gaming and moved even further with smartphone, virtual, and multiplayer entertainment. The demographics of gamers has changed significantly over the last 10 years; now the average online gamer spends seven hours a week playing online, 42% of these gamers are females between the ages of 25 and 44 years, and over 20 million players spend 17 billion hours on Xbox LIVE alone.
As the market is changing and consumers are using more handheld and digital devices, this is a great time to launch Amazon products into what was normally a traditional retail setting.
"Amazon gift cards are a great gifting solution because they allow the purchase of hundreds of different products from a wide range available and are simple and easy to use," Joni Shakles, Senior Vendor Manager for epay states. "We are also excited about being able to offer Amazon Kindle cards in retail settings. Amazon Kindle cards are the number one bestselling product on Amazon, and the Kindle was one of the most popular Christmas gifts last year in the UK with one in 40 adults receiving an e-reader."
Providing the activation of these products through their terminals allows the retailers to truly offer a diverse product structure normally not available in the independent market. The gaming products can be purchased on a single basis or on a subscription term and allow extended access, features and gaming ability on consumers' consoles at home.
Leisure time is becoming more precious in peoples increasingly busy lifestyles, and this is changing the way that gamers access and purchase their additional content. Convenience is key, and offering these products within a local store to the consumer means their gaming experience becomes quick, simple and accessible when they want it.
epay are working alongside some of the world's leading brands - such as Sony, Microsoft, Nintendo, iTunes, Norton, Adobe and Facebook - to support this vast array of additional content and services now available to gamers through their PC, console and mobile devices. Together, these brands and services promote enhanced gaming enjoyment and provide entertainment not just for one person, but for the entire family.
Joni Shakles states, "The gaming arena is an exciting and fast-evolving marketplace which has changed almost beyond recognition in a few short years. Retailers can benefit from the availability of these products within the convenience market as it attracts a wider demographic into their stores. Additionally, it makes a more convenient shopping experience for the consumer who can purchase product at any time of the day due to the longer opening hours independent stores offer."
Offering gaming products into independents has allowed epay to offer a more diverse product range to their retailers, increasing their offering to consumers and driving footfall to places where normally would be suited for smaller individual purchases. To find out more and to increase your footfall, contact epay on 0844 800 0233.
epay, a Division of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global prepaid product provider and distribution network - enabling service providers to maximize the sales of their products and services. epay delivers innovative and tailored electronic payment, cash collection solutions including POS systems integration, a full settlement and reporting service and full marketing and distribution service support.
The epay product portfolio includes prepaid mobile top-up, prepaid long distance, prepaid debit cards, e-wallets, gift cards, digital music and other content, lottery, bill payment and money transfer through its sister company Ria, and transport payment solutions including road tolls and public transport.
epay delivers these products through a worldwide network of approximately 631,000 points of sale at approximately 304,000 retailer locations across a number of markets including Australia, Austria, Brazil, France, Germany, India, Ireland, Italy, New Zealand, Poland, Romania, Spain, Switzerland, the UK and the US. Visit http://www.epayworldwide.com for more information.
Note to Editors:
For further information please contact:
Hetal Patel, Head of Marketing & Retail Services (epay) - +44(0)1268242222 - [email protected]
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Feb. 10, 2016 02:30 PM EST Reads: 417
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Feb. 10, 2016 02:30 PM EST Reads: 392
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
Feb. 10, 2016 01:15 PM EST
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
Feb. 10, 2016 12:45 PM EST
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Feb. 10, 2016 12:15 PM EST Reads: 424
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
Feb. 10, 2016 12:00 PM EST Reads: 618
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Feb. 10, 2016 11:00 AM EST Reads: 185
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 10, 2016 10:45 AM EST Reads: 246
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 10, 2016 10:45 AM EST Reads: 106
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Feb. 10, 2016 10:30 AM EST Reads: 216
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Feb. 10, 2016 09:00 AM EST Reads: 383
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
Feb. 10, 2016 09:00 AM EST Reads: 184
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Feb. 10, 2016 08:00 AM EST
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Feb. 10, 2016 07:45 AM EST Reads: 437
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Feb. 10, 2016 07:00 AM EST
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 10, 2016 12:45 AM EST Reads: 201
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 10, 2016 12:00 AM EST Reads: 212
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 9, 2016 07:45 AM EST Reads: 106
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Feb. 6, 2016 03:30 PM EST Reads: 765
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Feb. 5, 2016 09:00 PM EST Reads: 825


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True Fit, the platform for apparel and footwear retailers to optimise fit guidance, has strengthened its executive team with two strategic hires to underpin scaling growth, appointing Raj Chandrasekaran as its new chief technology officer and data privacy expert Tracy Gray as general counsel.
Former eBay, OpenTable, and Roku executive Raj Chandrasekaran joins as True Fit’s chief technology officer to provide strategic direction and leadership, overseeing global technology operations and teams that fulfil "True Fit’s role as the ubiquitous size and fit standard solution globally at scale”.
William R. Adler, president and chief executive at True Fit, said in a statement: “Raj’s impressive track record scaling other tech platforms, his extraordinary leadership acumen, and his vision for scaling our platform ubiquitously amidst the digital shift, underscores our rapid growth trajectory. Raj is an exceptional leader, and we’re excited he’s leading our ambitious technology growth plans.”
Commenting on his new role, Chandrasekaran added: “True Fit is already central to the way leading apparel retailers decode fit to give nearly 100M active users only what they love. This is just scratching the surface of the technology and team’s potential. Our vision for scaling it to ubiquity, and opening up new possibilities and capabilities, is inspiring. I’m absolutely thrilled to be a part of this special team, and to help unlock fashion’s digital transformation.”
While Tracy Gray has been hired as general counsel for her expertise in intellectual property, consumer protection and data privacy.
True Fit co-founder and chief operating officer Jessica Murphy said: “As General Counsel, Tracy’s broad legal depth will be invaluable to our executive team, our customers and to our market. Tracy’s expertise in retail and tech, coupled with her comprehensive experience in data and privacy, will fuel our scaling business.”
True Fit added that these strategic hires will bolster its growth plans as it scales on the back of an 85 percent increase in revenue and its latest round of investment in December, where it secured 30 million US dollars.


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IFC, a member of the World Bank Group, announces that National Commercial Bank Jamaica Limited has joined its Global Trade Finance Program to expand its trade finance business in the Caribbean and better serve small and medium enterprises.
“NCB executed its first transaction under the Global Trade Finance Programme in February 2014, accessing
US$16 million in trade funding for its customers,” said Septimus Blake, NCB senior general manager.
“This facility will provide access to a global network of confirming banks, facilitate transactions where
trade lines are limited, and also provide access to advisory services and training.”
Published in the Jamaica Observer
Read Full Article →


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A.H. Belo acquiring 3 Dallas marketing firms
A. H. Belo Corporation, owner of The Dallas Morning News, on Monday will announce a $15.3 million investment for a majority ownership stake in three Dallas-based marketing companies as it continues to diversify.
The three companies — Distribion, MarketingFX and Vertical Nerve — are run by local entrepreneur Tim Storer, and they will become part of A.H. Belo’s newly formed DMV Digital Holdings Co.
“The addition of these three new companies to our portfolio represents an opportunity for our advertising clients to take advantage of data-driven marketing automation technology and services,” said Jim Moroney, publisher and chief executive officer of The News.
The latest deal allows A.H. Belo to expand its marketing services to mid-size and larger local and regional customers, said Grant Moise, senior vice president of business development and niche products for The News. “This acquisition helps us continue to become a well-rounded marketing and media company,” he said.
Storer will retain a minority stake in the three companies. Existing CEO Storer and the 40 employees will continue to operate the companies from their current location in Dallas.
For Storer, the acquisition means his companies will gain additional resources, including a larger sales force, a bigger audience and more content capabilities, to grow faster.
“I’m very excited about the direction of those businesses,” Storer said. “Obviously, combining resources of A.H. Belo with these businesses is very exciting. … Really, this provides us with a much larger sales force.”
The three companies share five salespeople but now will have access to The News’ 75 salespeople. In addition, Storer said he plans to hire 15 to 20 people, including about a dozen salespeople, in the next 12 to 18 months.
The three companies combined are expected to generate between $9 million and $11 million in revenue and between $800,000 and $1.3 million in earnings before interest, taxes, depreciation and amortization for 2015, Moise said.
The acquisition is the latest in A.H. Belo’s strategy to diversify revenue sources and whittle down its newspaper holdings as print advertising revenue continues to decline. The Dallas-based company’s print advertising revenue declined nearly 10 percent in the first nine months of 2014 from a year earlier.
“The traditional print advertising business is still under pressure,” Moroney said in an April conference call with analysts and investors. “It’s imperative that companies like ours find ways to diversify their sources of revenue.”
The most recent acquisition fits his goal of acquiring local companies with a proven track record and a good management team. Moroney has said the company is interested in investing in or buying at least a majority stake in companies involved in direct marketing, outdoor marketing, businesses targeting the growing Latino market, Web and app development, and video production.
A.H. Belo or The News has acquired other marketing businesses. In 2012, The News acquired Pegasus News, launched an event-marketing venture called CrowdSource, created 508 Digital to offer digital marketing to small- and mid-size businesses in Dallas-Fort Worth, and started Speakeasy, a social media marketing joint venture.
North American Publishing Company Changes Name to NAPCO Media
The new name better represents its evolving portfolio of services while maintaining the brand equity from the company’s inception in 1958.According to NAPCO Media Chairman Ned Borowsky, “the term ‘publishing’ no longer defines who we are as a company. We specialize in the creation and cross-channel distribution of exceptional content, and the word ‘media’ better reflects our objective to deliver content across all platforms and mediums—including print, digital, video and events. NAPCO Media retains the best of our past and combines it with the vision of our future.”In the past two years NAPCO Media has rapidly expanded its portfolio, creating a Video Services Group, launching an Events Group and increasing its Marketing Services offerings.“I think we’ve done a good job of listening to our customers and creating solutions that solve their problems,” said NAPCO Media President Dave Leskusky. “Our goal is to continue to add to our portfolio. We firmly believe that our customers and subscribers will determine what those next products and services will be.”
NAPCO Media has unveiled a new logo and launched a new corporate website, www.napco.com, to correspond with the name change
Veldonn Printers brings square-back book production in-house with Horizon buy
The device, which was installed at the Kidderminster-based firm’s premises in the run-up to Christmas, was bought from Intelligent Finishing Systems (IFS).
It has replaced an ageing Horizon bookletmaking system to boost production capacity, improve quality and bring square-back production in-house.
“The investment will speed up productivity and also bring new business as a result of us now being able to offer square-back books,” said director Dale Horton.
“This is something that will be very popular with our clients. The SPF-200L can also produce landscape A4 booklets ensuring we are future-proofed.”
The business looked at a range of alternatives but found the 4,500bph Horizon device to be the best fit for its requirements as it can handle both litho and digital print.
“We looked at all options on the market but as the Horizon system we replaced had offered great reliability and build quality, that made the decision to invest in the tried and tested high-quality build of the Horizon,” said Horton.
The highly automated SPF-200L has the ability to feed A4 landscape sheets. The JDF-ready system offers instant set-ups via a large icon-based colour touchscreen which can be used for on-the-run fine tune adjustments as well as the store and recall of up to 200 jobs.
“The new system offers job memory storage so the ability to archive many jobs will speed up makeready times. We can interrupt a long-run job, quickly turn around a short-run job and, within minutes, be back running -the long-run job,” said Horton.
“We liked the build quality and automation the Horizon offers ensuring it can be made ready for a new job in seconds from the touchscreen.”
Veldonn Printers produces a wide range of print using Heidelberg machinery. It also offers a full range of in-house finishing including die-cutting, multi-page folding, binding, gathering, collating, stitching and trimming.
Allied Printing Services Purchases Two Komori System 38S Presses
“Allied Printing Services takes their partnerships very seriously, and we are thrilled to have them join the Komori family,” noted Jacki Hudmon, senior vice president of sales for Komori America. “The System 38S delivers a wealth of advanced technologies that ensure the performance, quality and reliability required for a company with diverse customer requirements like Allied Printing Services.”
Goss Works with Innotech to give The New York Times New Capabilities
The gatefold system now running at The New York Times enables the Goss Colorliner presses to produce an additional four-page wide centerfold or a separate eight-page pull-out section, up to a maximum format of 48×22″ (1219×559 mm). In addition, it is possible to make smaller gatefolds or coupon folds at one or both edges for special promotions providing new display areas for advertisers. It is also possible to make gatefolds in the cover page or have the gate folded section as a wrap around the main section.
The new capabilities have already been used to maximum effect by select advertisers in The Times.
Vinod Kapoor, president at Innotech concluded, “Goss and Innotech engineered a solution that gave The New York Times ultimate flexibility with regard to the positioning of specialized sections within the newspaper, without the need to purchase a new press.”


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NEW YORK (MarketWatch) -- Lee Enterprises LEE, -1.19% said February same-property advertising revenue rose 0.5%. The company's Pulitzer unit saw a drop of 2.1% in February advertising revenue, Lee said Thursday. (Corrects headline.)
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This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
In order to bolster its semiconductor sector and reduce the industry’s overall reliance on components and technology sourced from the U.S., China has formalized the launch of a $28.9 billion (204 billion yuan) state-backed fund.
According to the registration information posted on China’s National Enterprise Credit Information Publicity System, the capital has been raised by China Integrated Circuit Industry Investment Fund Co. (IC Fund) primarily from Chinese state organizations. China’s Ministry of Finance has injected 22.5 billion yuan while the investment arm of China Development Bank (HKG:1062) has provided 22 billion yuan in funding. The residual funding came from local governments and state-owned enterprises including China Tobacco (HKG:6055), as per the registration information. This capital is intended to drive IC Fund’s second investment vehicle which, as was the case with the first iteration, will be used to invest in multiple sectors ranging from processor design and manufacturing to chip testing and packaging. The fund is intended to support industry leaders, such as the telecommunication giants Huawei Technologies Co. and ZTE Corp. (SHE:000063), as well as major tech players, such as the Tsinghua Group. Incidentally, the first fund – comprising of about 140 billion yuan and created in 2014 – had invested in over 20 listed entities that also included ZTE along with other tech giants, for instance, the contract chipmaker Semiconductor Manufacturing International Corp (HKG:0981).
China is the world’s biggest chip importer and Beijing has been trying to reduce the country’s reliance on semiconductor imports, worth about $200 billion annually, due to fears that such dependence undermines China’s national security and hampers the development of a thriving home-grown technology sector. Consequently, this long-awaited 204 billion yuan fund will fuel Beijing’s efforts to forge a domestic semiconductor supply chain in its entirety.
Of course, the timing of the formation of a new IC Fund is critical given the escalating U.S. – China trade war. In early October, the U.S. Commerce Department placed the security bureau for the Xinjiang province, 19 subordinate government agencies and 8 Chinese companies on the so-called ‘Entities List’. The blacklisted companies included surveillance equipment manufacturers – Hikvision (SHE:002415) and Dahua (SHE:002236) – as well as developers of facial and voice recognition technology – Megvii and IFlytek (SHE:002230). Crucially, China’s AI giant, SenseTime, was also blacklisted (read our previous coverage here for additional context). The placement in the Entities List obligates U.S. companies to seek a prior approval from the U.S. administration before transacting with the blacklisted companies, particularly, when it comes to the sale of semiconductor chips and other sensitive components. Although human rights concerns were used by U.S. officials to justify this sweeping move, China interpreted this step as yet another salvo in the ongoing trade war. Earlier in June, the Commerce Department had added the Chinese tech behemoth Huawei to the Entities List over national security concerns and for violating U.S. sanctions on Iran. Thereafter, in August, the Trump administration had barred the use of federal grants for the purchase of telecommunications equipment from five Chinese entities including Huawei. Moreover, both sides continue to impose retaliatory tariffs on each other’s imports even as talks for the resolution of this trade war continue.
In this grave situation, therefore, Beijing’s effort to reduce its reliance on American chips has become a matter of great urgency for the country. Accordingly, the Asian giant seems to be deploying its considerable resources to defy the U.S. even as it continues to bleed from Trump administration’s punitive actions.


text: General Motors reported a much stronger than expected fourth-quarter profit, lifting full-year results to record levels for the second straight year. The largest US automaker also said Tuesday it is buying a $650 million equity stake in Lithium Americas, which will give it access to the raw material needed to build batteries to power 1 million electric vehicles a year in the first phase of production. For the quarter, GM earned adjusted earnings of $3 billion, or $2.12 a share, up from $1.35 a share a year earlier and far better than forecasts of $1.69 a share from analysts surveyed by Refinitiv. That lifted full-year adjusted income to $11 billion, up from the $10.4 billion it earned in 2021, which had been its previous record. The company said it expects strong earnings in 2023, though it expects it to slip a bit from the just posted levels, coming in at between $8.7 billion to $10.1 billion. But company CFO Paul Jacobson said its automotive business is expected to remain strong, with much of the decline likely to be at GM Financial. That’s due to the hit it will take from higher interest rates and the sinking value of used cars, as well as the higher interest rates resulting in an accounting hit to pension earnings. “Actually that [guidance] is a strong statement about where we see things going, stronger than others” he told journalists on a call Tuesday. No EV price cuts expected Jacobson told journalists that GM does not expect to follow Tesla and Ford in cutting the prices for its electric vehicles. “I don’t think there’s any surprise there’s increasing competition in the EV space,” he said. “Our customers are saying we’re priced well based on the demand that we’re seeing.” The company’s investment in Lithium Americas is part of the company’s efforts to lock-up the supply of raw materials it will need to convert from traditional gasoline powered cars to electric vehicles. The Lithium Americas deal will not supply any lithium to the company until 2026, but Jacobson told media that “we’ve already achieved all the lithium we need through 2025.” GM expects to build 70,000 EVs this year, a small fraction of its overall vehicle output. It sold 5.9 million vehicles in 2022, down about 6% from 2021 due to the shortage of parts needed to build all the vehicles for which there was demand. “We continue to face some supply chain and logistics issues, but overall, things remain trending in the right direction,” said Jacobson. But the company expects to be rapidly increasing its EV supply and offerings, with a new battery plant that opened last year, two more under construction and a fourth planned soon. GM has a target to build 400,000 EVs through the middle of 2024, and 1 million annually by 2025. CEO Mary Barra predicted there will be more deals like the Lithium Americas one to be announced soon. “We continue to pursue strategic supply agreements and partnerships to further secure our long-term needs,” she told investors. Staff trims without layoffs GM said it will reduce its staff in 2023, part of its effort to cut $2 billion in costs over the next two years. But unlike a number of major companies that have announced layoffs in recent months, company officials stressed GM would not be shrinking through layoffs. Instead the reduction would be handled through attrition. GM did not disclose how many jobs might be trimmed, with Jacobson saying the company would end this year “slightly lower” in headcount. GM has 167,000 employees globally, with 124,000 in North America. That includes more than 42,000 members of the United Auto Workers union. Those workers will get profit sharing bonuses of an average of $12,750 for the year, up nearly 25% from the $10,250 they received a year earlier. Shares of GM\n \n (GM) soared more than 5% in pre-market trading on the results. This story is developing and will be updated.


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Airlines, Coupa Software, GitLab and more
Check out these premarket movers:
Delta Air Lines (DAL), United Airlines (UAL), Southwest Airlines (LUV) – Delta rallied 3.7% in the premarket while United jumped 3.9% and Southwest added 2.9%. According to all three carriers, revenue forecasts have been raised by each airline. They believe that air travel has rebounded from the slump caused earlier by the Covid Omicron variant.
Coupa Software (COUP) – Coupa plunged 29.5% in premarket trading after the business software company issued a much weaker-than-expected full-year outlook, although Coupa reported better-than-expected profit and revenue results for its most recent quarter.
GitLab (GTLB) – Gitlab shares surged 8.9% in the premarket after the development operations platform company reported upbeat results for its latest quarter as well as issuing a better-than-expected outlook.
Toyota Motor (TM) – Toyota announced additional production cuts due to semiconductor shortages, a few days after cutting its domestic production target by as much as 20%. The latest announcement would have an impact on production of approximately 14,000 minivans. Toyota gained 2.8% on the premarket.
Moderna (MRNA) – The vaccine maker’s stock rallied 4.3% in premarket action, after rising 11.9% Monday following the surge in Covid cases in China’s Shenzhen region.
Alibaba (BABA) – Alibaba dropped 4.7% in premarket trading after falling for the past three days and losing more than 27% over the past nine trading sessions. Both fears about a Covid-related slowdown in China’s economy and the possibility of delisting by the United States are putting pressure on China’s e-commerce company. These fears are also affecting other Chinese stocks listed in the U.S. JD.com(JD). Bidu (BIDU). JD.com dropped 3.8%, while Bidu fell 5.1%.
Vimeo (VMEO) – Vimeo said its February revenue was up 23% compared to a year ago, with the video software company also reporting an 8% increase in subscribers and a 13% jump in average revenue per user. Vimeo saw an increase of 2.5% in premarket.
Hormel (HRL) – Goldman Sachs downgraded the food producer’s shares to “sell” from “neutral,” noting its recent outperformance compared with the Staples group and pointing to worries about the impact of increasing inflationary pressures. Hormel lost 1.5% in premarket trades.
Peloton (PTON) – The fitness equipment maker’s stock rose 1.5% in the premarket after Bernstein began coverage with an “outperform” rating, noting Peloton’s healthy underlying business, new management and its recent stock price plunge.


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Shares of GoDaddy Inc. (NYSE:GDDY – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $88.09 and last traded at $88.00, with a volume of 270554 shares trading hands. The stock had previously closed at $87.65.
Analyst Upgrades and Downgrades
Several brokerages have commented on GDDY. Oppenheimer initiated coverage on shares of GoDaddy in a report on Tuesday, October 17th. They issued a “market perform” rating on the stock. Piper Sandler lifted their price objective on shares of GoDaddy from $84.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Benchmark restated a “buy” rating and issued a $95.00 price target on shares of GoDaddy in a research note on Wednesday, September 13th. B. Riley increased their price target on GoDaddy from $102.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Finally, StockNews.com upgraded GoDaddy from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.09.
GoDaddy Stock Performance
Insider Transactions at GoDaddy
In other news, COO Roger Chen sold 32,711 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $82.02, for a total value of $2,682,956.22. Following the transaction, the chief operating officer now owns 164,716 shares in the company, valued at approximately $13,510,006.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Roger Chen sold 32,711 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $82.02, for a total value of $2,682,956.22. Following the completion of the transaction, the chief operating officer now owns 164,716 shares in the company, valued at approximately $13,510,006.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 3,164 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $73.57, for a total transaction of $232,775.48. Following the completion of the sale, the chief executive officer now directly owns 269,961 shares of the company’s stock, valued at $19,861,030.77. The disclosure for this sale can be found here. In the last three months, insiders sold 73,249 shares of company stock valued at $5,717,114. Insiders own 0.54% of the company’s stock.
Institutional Investors Weigh In On GoDaddy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. Parkside Financial Bank & Trust increased its position in GoDaddy by 7.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,940 shares of the technology company’s stock valued at $144,000 after acquiring an additional 137 shares during the period. Whittier Trust Co. lifted its holdings in shares of GoDaddy by 9.1% during the third quarter. Whittier Trust Co. now owns 1,683 shares of the technology company’s stock worth $125,000 after purchasing an additional 141 shares during the period. Arizona State Retirement System grew its position in GoDaddy by 0.4% in the 3rd quarter. Arizona State Retirement System now owns 39,966 shares of the technology company’s stock valued at $2,977,000 after buying an additional 162 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in GoDaddy by 0.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 20,023 shares of the technology company’s stock valued at $1,491,000 after buying an additional 164 shares during the period. Finally, Shell Asset Management Co. raised its position in GoDaddy by 1.0% during the 3rd quarter. Shell Asset Management Co. now owns 18,869 shares of the technology company’s stock worth $1,405,000 after buying an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.
GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized hosting platform that allows customers to build and manage a faster and more secure WordPress site and offered with WooCommerce to sell online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and engage customers and create content.
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Samsung has seemed to make it their life’s mission this year to reveal a new product each week and that is one of the main reasons as to why a mid year event such as the upcoming Samsung Premiere 2013 would be made such a hype of. Samsung is apparently preparing several Galaxy and ATIV products to show off at the event.
Thinking about getting Samsung’s new flagship? Then take a look at our Samsung Galaxy S4 accessories!
The Samsung Premiere 2013 event will officially be streamed live through Samsung Mobile’s YouTube channel on Thursday, June 20 at 19:00 BST. Rumours have suggested that Samsung would be showing off some new Windows Phone 8 powered smart phones, maybe new Windows based tablets as well as the upcoming mirrorless DSLR powered by Android known as the Galaxy NX. Many have suggested that the event’s crown jewel will be the Samsung Galaxy Note III, which is apparently set to take the world by storm, just like the original Galaxy Note did a few years ago.
Be sure to keep an eye on the Amzer Blog for news and coverage of the event!


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Hearst’s Seventeen magazine will scrap a regular print schedule and print special stand-alone issues, continuing its “digital-first strategy,” WWD reported, citing a Hearst statement.
The 75-year-old title has four print issues on tap for next year. An issue on prom is the sole one with an announced theme, according to Adweek.
“Continuing the digital-first strategy introduced in 2015, our focus will be on the brand’s two-plus million unique visitors and more than 12 million followers across social media,” WWD quoted a Hearst spokeswoman as saying.
Seventeen has an e-commerce component with revenue that has more than doubled year-over-year, WWD reports.
It’s unknown if or how many employees at Seventeen would face job changes with the moves. Seventeen Editorial Director and Cosmopolitan Editor in Chief of Michele Promaulayko was cut in October. Troy Young became Hearst Magazines president in July and some restructuring followed.