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“Indian festivals and weddings call for local, ‘Made in India’ products and we’ve really upped the game through some key strategic partnerships with our local vendors who’ve brought to the platform an array of diverse and exciting festive products,” said Sanjay Sethi, Co-founder and Chief Executive Officer, ShopClues in a statement. Focused on value-conscious buyers, ShopClues claimed to “work through 700,000+ merchants that service over 60 million lifetime unique customers.”
Covid-induced online adoption will be driving the rise of internet shoppers this festive season. According to a RedSeer analysis, there would be around 70 per cent increase in online shoppers to 45-50 million during October sale this year from 28 million last year’s. The gross merchandise value for marketplaces during the October sale would also grow more than 50 per cent from $2.7 billion last year to $4 billion this year.
Paytm Mall said that this year’s sale focusing on MSMEs “would be bigger than ever with over 5,500 brands participating in the event.” Over the past several months, the company said it saw more than 2X growth in sales in segments such as groceries, consumer durables, work from home essentials, grooming electronics, toys, kidswear etc.
Meanwhile, Amazon and Flipkart continue to announce developments almost on a daily basis for their respective sales. Sharing deals preview on Thursday, Amazon would offer up to 40 per cent off on the smartphones, up to 75 per cent discount on home appliances and TVs; up to 80 per cent off on Amazon Fashion and Home & Kitchen products and more during its month-long sale starting October 17. Also, there would over 6,000 deals on consumer electronics and accessories. The company is also offering daily shopping rewards worth Rs 500 using Amazon Pay UPI. Flipkart, on the other hand, on Thursday said that it has tied-up with over 100 brands this festive season to onboard their products across 2,000 fashion stores. Brands would be able to showcase their products to customers in near-by pin codes for visibility to a wider selection.


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LONDON — Thailand’s Central Group has taken control of Selfridges, which it purchased in late 2021 alongside its joint venture partner Signa Holdings.
The move follows the resignation of Signa chairman René Benko and the Austrian property giant’s restructuring by German specialists Arndt Geiwitz.
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Central Group said Tuesday in a brief statement that it has exercised its right to convert a loan, provided by one of its subsidiaries to the Selfridges group, into equity. The move is subject to relevant regulatory and antitrust approvals.
As a result, Central Group said it will become the majority shareholder in the retailer and gain control of the joint venture company the oversees Selfridges Group.
The group comprises the Selfridges stores in the U.K., Brown Thomas and Arnotts in Ireland, and De Bijenkorf in the Netherlands.
Central Group said the move “solidifies” its position as an owner-operator of the largest European luxury department store group, “offering customers the best curation of brands, merchandise and extraordinary experiences.”
As reported last week, Benko quit as chairman of Signa, which had a 50 percent stake in Selfridges, and the board handed the company to the restructuring specialist Geiwitz.
The Austrian property developer had run into trouble due to a perfect storm of rising interest rates, sinking real estate values and poor management.
Geiwitz has also taken over the chairmanship of the shareholders’ committee of Signa Holding.
Benko said, “Arndt Geiwitz has the full trust and confidence of all Signa Holding shareholders and will organize the restructuring of the entire Signa Group out of his role. Given the current situation, this is the best solution for the company as well as its partners, investors and employees. What’s important now is to restore trust, and I want to play my part in that.”
He added: “Signa’s property portfolio is, and remains, unique. I’m absolutely certain that the company has a very bright future. All stakeholders are called upon to support Signa at this time. I am fully prepared to do so.”
Signa has also engaged other external consultants, including Rothschild & Co., to help carry out a “thorough review of all business areas, develop measures and draw up an integrated concept for the group.”
Geiwitz said Signa needs “calm and order at this time. We will approach these important tasks prudently and rationally. The aim is to find long-term solutions, and that’s why it is both responsible and necessary to initiate a comprehensive consolidation for the company now.”
As reported, when Signa’s troubles surfaced earlier this month, Central Group said it was standing by the luxury retail properties it co-owns with Signa: the Selfridges group of stores in the U.K., Ireland and the Netherlands; KaDeWe in Germany, and Globus in Switzerland.
It remains unclear whether Central will also look to take control of KaDeWe and Globus.
Central Group has described itself as a “proven long-term owner and investor in all of its businesses.” It said earlier this month that “regardless of the position of our JV partner,” it was committed to supporting all of its European luxury stores.
“We will ensure that they have all the backing they require to continue to operate as normal,” Central said.
KaDeWe and Selfridges issued similar statements saying their businesses would not be impacted by Signa’s woes, and they had the full support of Central.
Two years ago, Signa and Central Group joined to acquire Selfridges for a reported 4 billion pounds. They each took a 50-50 stake in the retailer, which they later split into two businesses, a property one and a retail one. The latter pays rent to the former.
The deal spanned the Selfridges Group’s portfolio of 18 department stores, including Selfridges in London, Manchester and Birmingham, England; de Bijenkorf in the Netherlands; Brown Thomas and Arnotts in Ireland, and their associated e-commerce platforms and the properties in London, Manchester and five locations in Ireland.
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Slightly Mad Studios brought Project CARS to E3 2014 in a big way last week. First the developer released an impressive new trailer for the virtual reality (VR) compatible racing game, followed by confirmation that it was aiming for release in November 2014. But E3’s end hasn’t stopped the team from revealing even more footage of the experience, with new VR gameplay recently posted online.
Almost eight and a half minutes of gameplay from Project CARS can be seen below, running with the Oculus Rift VR headset on PC. The footage is taken from the title’s California Highway track, with the player driving a Pagani Cinque. It showcases several impressive features, including different weather effects that see the player drive through rain and out into the sun, as well as the overwhelming engine noises that erupt with each rev of the engine.
While Project CARS will feature full support for the Oculus Rift on PC and SteamOS, it is also planning to incorporate the Project Morpheus VR headset on PlayStation 4 when that title is released. The title is described as a ‘sandbox’ racing simulator in which players can focus on a specific style of racing or tackle its entire range of cars and tracks. It’s also due out on Xbox One and Wii U. VRFocus will continue to follow the title’s development leading up to launch, bringing you all the latest.


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General Electric has announced it will launch a new, independent, industrial IoT company in 2019, in which it will place all GE Digital, GE Power Digital, and Predix products. This new business will provide software to GE, GE software customers, and new customers.
The rise of digital technologies and the Internet-of-Things provides industrial equipment manufacturers with a welcome opportunity to diversify. Companies like General Electric, Siemens and Toshiba have seen equipment sales fall for a couple of years, faced shareholder concerns over highly complex business offerings, and have been subject to rapidly changing customer demands. Sensors, connectivity, advanced analytics and artificial intelligence give this sector the chance to build new businesses or enhance their service offerings.
Many industrials have some form of data analytics they perform on their own assets during design, manufacture and deployment. But few are providing these analytics as a product to clients, and even fewer are trying to attract new clients with standalone data analytics and software products. Often their hardware clients want a separate, independent, software provider, with historic expertise in data analytics.
General Electric, Siemens, Schneider Electric, ABB, Hitachi, Toshiba and Bosch are some of the companies that, in different ways, are investing their money and their reputation in building some of the more advanced IoT platforms and asset analytics tools.
GE and Siemens aimed to build IoT platforms that span whole power fleets or oil company assets, integrating equipment of different types, brands and ages. ABB and Schneider are for now focusing on applying analytics just to their clients’ ABB or Schneider hardware. This means ABB is focusing on robotics and industrial manufacturing, while Schneider is becoming expert in grid digitalization. Toshiba is looking to leverage its knowledge of chips to build an IoT product based on machine learning, practicing on its own assets and buildings first. Hitachi is integrating a number of consulting and legacy software businesses to build one large IoT division, promoting Hitachi’s own server banks to host the software on client sites. Meanwhile, Bosch has formed partnerships to integrate its own applications with other tech and industrial companies, serving clients this way.
Where a few years ago industrials would have said that they were the right companies to build the entire industrial internet – back end, cloud infrastructure, and front-end apps – many admit now that this was ambitious. General Electric abandoned the idea of building its own cloud product in 2017, and now all the industrials mentioned here rely on Microsoft or Amazon Web Services for hosting their platforms and analytics in the cloud. Many have also turned to big tech to supply the infrastructure too, with the industrials counting on their own analytics applications to set them apart from each other.
These industrials have leaned heavily on acquisitions and strategic venturing to strengthen their software offerings. Although startups sometimes are a useful source of IP for industrials, they are also often a competitor, able to move more nimbly and develop better data models and machine learning tools.
Machine learning and digital twins are two technologies that have enhanced the software offering of industrial IoT platforms in recent years. However, industrials are still determining how best to market, deploy, and get customers comfortable with them. For instance, the technologies GE lists that will make up the new company remain historic software competencies of GE, which customers have been using for years. Namely: asset performance management (APM), data historian, automation (scada systems), manufacturing execution systems (MES), operations performance management (OMS) and all grid software solutions. It makes this new company look more like Aveva or SAP, than Microsoft or Google.
Two challenges that large industrials have in also selling software products like IoT platforms are the fact that the business model is so different from selling hardware, and sales cycles can take a long time and be expensive. Regarding business models, companies used to selling hardware have to pivot to modern software sales models, while keeping the payment structure simple for each client. This often means making industrial clients comfortable with ongoing ‘software-as-a-service’ payments. Second, with large industrials contract negotiation and installation can take a long time. By splitting out a smaller software company, GE may hope the new company will reduce its sales and product development costs, shorten sales negotiations, and become a more nimble company.
So although emerging technologies are a new opportunity for industrials, how much will digital software truly comprise of their future revenue? GE states this new company will be worth $1.2 billion. We have to assume this is the value they put on the IP in the technology portfolio plus the existing revenues from products like Predix. This $1.2 billion is not large enough to prop up the rest of GE’s business, but it does hope this software company will grow faster and more easily without being tied to the parent. Does this mean that other industrials will follow suit? In March 2018 Schneider Electric acquired 60% of the industrial software company Aveva, and then integrated Schneider’s asset management software into Aveva. This way, creating a stand-alone software company. Hitachi already has a slightly independent digital arm, in Vantara, created in late 2017. Yet other industrials, like Siemens are still striving to fully integrate IoT platforms into every department.
There are many challenges that large equipment manufacturers face in pivoting to software products, however, there is also a real chance for them to succeed. Large industrials must leverage their industry know-how, while also finding a way of attracting talent to help them build machine learning tools. Compared to big tech, industrials can build more effective products and business models because they understand the energy and manufacturing sectors better, and they are already trusted partners of utilities, oil, gas and manufacturing companies. However, industrials still have a long way to go – from developing truly interoperable software, to perfecting pricing strategy, to retraining the sales force.


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The average wages of German supermarket employees fell during the Corona crisis. Criticism comes from the left.
Photo series with 12 pictures
According to a newspaper report, employees in German supermarkets earned less on average in 2020 than in the previous year. The editorial network Germany (RND) reports that this is based on figures from the Federal Statistical Office, which the Left parliamentary group asked for.
According to this, the average monthly gross earnings of employees in the retail trade with food, beverages and tobacco products in sales rooms fell from 1,471 euros in the second quarter of 2019 to 1,411 euros in the second quarter of this year. This corresponds to a decrease of 60 euros or around four percent.
The decline was even more pronounced among full-time employees. For them, the average gross monthly wage fell from 2,421 euros in the second quarter of 2019 to 2,254 euros in the second quarter of this year. That is 167 euros or almost seven percent less.
According to the report, falling weekly hours were not responsible. Rather, the number of paid weekly working hours between the two comparison periods even increased from 35.3 to 37.9 hours, which is likely to be due to the influx of customers during the first lockdown in spring. At that time, hamster buyers had given the retail chains record sales.
Left-wing politician Bartsch criticizes falling wages
Left parliamentary group leader Dietmar Bartsch sharply criticized that average wages are falling despite the sales records. “Is that the thanks for those who keep the country going?” He told the RND.
It should not be “that the owners of Aldi, Lidl, Rewe and Edeka are having their pockets full in the Corona crisis, and nothing is getting through to the sellers, who work on the attack every day and risk their health . “


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The pandemic has propelled major media companies to shift their focus almost entirely to their streaming direct-to-consumer businesses much faster than they otherwise would have, said a panel of journalists at Promax virtual session “The Year Ahead: Insider Industry Productions” on Thursday.
Dawn Chmielewski, senior editor at Forbes; Melanie McFarland, TV critic at Salon and president of the Television Critics Association; and Michael Schneider, senior editor at Variety joined moderator Kevin Broderick of entertainment and media communications agency The Lippin Group at Thursday’s online session.
“The pandemic accelerated the move away from traditional media businesses,” Schneider said. “These companies are saying ‘we give up’ and they’re getting out of the linear business. They’re turning these linear networks into zombie channels to chase that streaming dream. In some ways, the pandemic gave them more permission to accelerate what was going to be a good decade-long process.”
“This gave all of the major media companies the opportunity to endure the losses because there was a broader narrative they could explain to the Street,” said Chmielewski, who is writing an upcoming book on the streaming wars with Deadline’s Dade Hayes. “The pandemic gave media companies some cover to make this shift more dramatically.”
“And Disney, for example, was able to razzle dazzle Wall Street with Disney+,” Schneider added. Disney+ has racked up nearly 87 million subscribers since launching in November 2019.
“Disney+ is an object lesson in the power of an entertainment brand and how to price a streaming option so it appears to be affordable,” said Chmielewski. “It’s one of the cheapest offers. I think it was really architected to play to Disney’s strengths. Subscribers recognize that it has this constellation of powerful entertainment brands, and they are willing to pay the recurring monthly fee. It’s the strongest lesson in how a legacy business can transition, although it remains to be seen if it will be as lucrative as the old world was.
“Meanwhile, HBO Max, which was the entire reason for AT&T’s [$85.4 billion] deal to buy Time Warner, was late to market, overpriced with very little fresh [content] to offer the consumer, and launched with a confusing consumer proposition—it was the fourth branded HBO product in the market,” she continued. “Lastly, what it did wrong was underestimate the value of Amazon and Roku as distribution platforms. They saw really anemic initial growth. That’s when you got that Hail Mary pass by WarnerMedia to distribute all of its films on HBO Max to create some momentum.”
While it’s currently the Wild West of streaming, no one on the panel thought the current landscape was sustainable, with consumers not likely to be willing or able to support all of these upstart services.
“How many of these services are still going to be around [in a few years]?” said McFarland. “And what does this all mean for the consumer? What does this mean for local markets that are still reliant on broadcast? And what does it mean for people who need to get local news?”
The panelists all predicted that the streaming services would ultimately be offered by single suppliers as bundles, much like the cable bundle of old.
“The cable model is applicable here,” said Chmielewski. “We saw this happen in cable’s heyday. I don’t believe that 200-plus streaming services are sustainable.”
“Eventually, we will pay one source for different products,” said Schneider. “It will be like cable all over again.”
Along those lines, the panelists also expect many of the big tech companies—such as Apple and Amazon—to get bigger by swallowing up some of these smaller streaming companies.
“I see Apple acquiring something at some point to really get into the streaming business,” said Schneider. Apple just completed a record-setting quarter with revenues of $111.4 billion, and has plenty of cash on hand.


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The Waterfront Project (WFP), a beacon of hope and support for those at risk of homelessness in Hudson County, is thrilled to announce the Jersey City Black Business Market event. Inspired by a deep-seated commitment to community empowerment and economic resilience, this special gathering, taking place on February 23rd at ANDCO, seeks to celebrate and elevate local Black entrepreneurs, artisans, creators, and chefs. In an era where supporting local and Black-owned businesses is more crucial than ever, WFP aims to create a vibrant marketplace that not only showcases the diverse talents within our community but also fosters meaningful connections between consumers and creators.
“At The Waterfront Project, we believe in the power of community and the critical role that small businesses play in the fabric of our society. This event is a celebration of the resilience, creativity, and entrepreneurial spirit that thrive within Jersey City’s Black community. By bringing people together to support these incredible local businesses, we’re not just fostering economic growth; we’re strengthening the bonds that hold our community together,” says Carol Sainthilaire, Executive Director of The Waterfront Project.
By attending, participants will have the unique opportunity to discover a wide array of unique products and services, from fashion and beauty to food and art, all while enjoying a lively atmosphere filled with music and refreshments. This event is more than just a market; it’s a testament to what we can achieve when we come together to support one another.
Tickets are available for $8 in advance and $10 at the door, with all proceeds going directly to support WFP’s mission to prevent evictions and keep people housed. This initiative is a reflection of our ongoing commitment to the well-being and stability of our community members, providing comprehensive, multi-disciplinary services to those in need.
We invite you to join us in this celebration of culture, community, and commerce. Let’s come together to support the Jersey City Black Business Market and make a difference in the lives of many, one purchase at a time.
Share your moments with us on Instagram, X, and Facebook, and help spread the word about this incredible event. #JerseyCityBlackBusinessMarket #SupportLocal #WFPCommunityImpact


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Motorla Wins Injunction Against Apple, 3G Devices Pulled in Germany: Motorola (NYSE:MMI) struck a blow against Apple in the mobile patent infringement wars on Friday. The Manheim Regional Court in Germany found that wireless technology used by Apple for iPhone and iPad access to the company’s iCloud service violated patents held by Motorola. The future Google (NASDAQ:GOOG) subsidiary then successfully blocked Apple from selling all of its handheld electronics that use 3G technology in Germany, with the exception of the recently released iPhone 4S. By late Friday morning, though, Slashgear reported that all iPhones and iPads were back on sale in Germany, as Motorola is obligated to license the disputed technology to Apple under FRAND (fair, reasonable, and nondiscriminatory) terms, which are agreed to by members of organizations that set technical standards including those that are adopted for wireless technology.
New Patent Describes Apple’s New Nike Competitor: A Thursday report by 9 to 5 Mac cited a recently published Apple patent titled “Interfacing Portable Media Devices and Sports Equipment,” which suggests Apple may start its own fitness social network, akin to Nike‘s (NYSE:NKE) Nike+ network. The technology would let people track their workout information via their iPhone and then post their performance to a network so it could be compared with that of their friends. It’s somewhat surprising to hear that Apple is preparing its own fitness social network, as Nike’s Nike+ program is heavily dependent on a partnership with Apple that sees the two companies’ products working in tandem.
Kindle Fire Users Spending with Amazon, Dissatisfied with Tablet: Research firm ChangeWave released the results of a recent survey collecting data from North American consumers, including users of Amazon‘s (NASDAQ:AMZN) iPad competitor, the Kindle Fire. The report has both good and bad news for Amazon. On the one hand, 29% of Kindle Fire owners said they plan to spend more on Amazon.com over the next 90 days, whereas just 20% of shoppers overall say they’ll be making online purchases. That said, just 54% of Kindle Fire owners reported being satisfied with the device, compared to a 74% satisfaction rate among iPad users. The rumor is that Amazon is preparing a second Kindle Fire model for release in the near future. It better hurry up, lest Kindle Fire users decide to jump ship when Apple releases its iPad 3.
As of this writing, Anthony John Agnello did not hold a position in any of the aforementioned stocks. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook. For more from the company, check out our previous Apple Rumors stories.


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Kuala Lumpur, 2 May 2017 — OPPO Malaysia announces Neelofa as the new face for the latest OPPO R9s Black Edition that is set to launch tomorrow on May 3 2017 at Kuala Lumpur. The company’s latest celebrity recruitment - Neelofa is an all-rounded Malaysian actress, television presenter and model that has an undeniably strong fan base. The personalities and image of Neelofa and the R9s Black Edition comes in-line with each other: As black is associated with versatility, power, confidence, chic and stylish, so is Neelofa.
“Neelofa, as the latest addition to the existing OPPO celebrity squad consisting of Fattah Amin, Ayda Jebat and Min Chen has allowed us to reach our to a broader fans base and consumers. Their aspiring vibes towards their passions and works and their youthful image made them the perfect fit to represent the latest camera phone.” said Chen Lu, Brand Director of OPPO Malaysia.
Black is permanent, sophisticated, cool and chic. The OPPO R9s Matte Black Edition is a versatile goes well with any outfit. Undeniably, there’s nothing like an OPPO R9s Matte Black Edition.
On top of that, consumers will receive a mysterious gift when pre-order the OPPO R9s Black Edition. OPPO R9s Black Edition pre-order period starts from 3 May 2017 on OPPO Official Online Store (http://www.oppostore.com.my/products/r9sblack/); OPPO Concept Stores nationwide (https://tinyurl.com/R9sBlackEdition-preorder) and selected e-commerce, telco and electrical chain partners’ platforms.


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The man who five months ago brought the authentic New York-style bagel to Denver is taking the hint from the crowds that swarm his store and launching a plan for expansion.
“I was naive to think that this space would be enough,” said Josh Pollack, the 31-year-old owner of Rosenberg’s Bagels & Delicatessen in Five Points.
To keep up with demand, Pollack has leased the space next door to his shop that’s wedged between East 26th Avenue and Welton Street.
He said he plans to invest $300,000 to $500,000 to open a European-style bakery and an expanded kitchen next to the current 2,400-square-foot Rosenberg’s.
About 1,000 square feet of the new 1,500 -square-foot space will help supply the catering and wholesale business, including adding more refrigeration for the bagels to chill overnight (part of the bagel-ing process).
He hasn’t yet lined up financing.
“With catering, I think we can double our production,” he said.
The remaining space will be used to sell an expanded selection of baked goods – offering more European-style bakery staples like croissants.
Pollack also said he’s hoping to add a delivery operation once the new space opens.
Pollack, a New Jersey native who attended CU Boulder, said he has also met with Whole Foods and is in the middle of applying to become a vendor for the high-end grocer.
Rosenberg’s bagels are also available at Gather Cafe, Steuben’s and Beast + Bottle.
His secret recipe for bagels includes filtered water that mimics New York City tap water.
Pollack said he aims to open the yet-to-be-named storefront this summer.
Rosenberg’s currently has 24 employees, and Pollack said that could jump up by 10 or 15 when the new space is up and running.
As for a second location in a new part of town, Pollack hasn’t decided exactly where he’d like to set up but said the move is on the horizon.


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IoT platform and service provider Aeris today said Indian electric two-wheeler firm Okinawa Scooters is going to deploy its IoT platform for its future mobility solutions. The scooter company caters to India’s B2B and B2C segment of customers. With Aeris Mobility IoT platform, Okinawa Scooters would offer improved connected scootersRead More
Post Tagged with: "aeris iot"
Aeris Technologies today launched its IoT platform for automotive companies for their connected vehicles programs. The platform offers, among other features, real-time location, maintenance planning and theft monitoring to OEMs for connected cars. The Aeris IoT platform for automotive industry allows secure, embedded telematics to easily integrate and connect with aRead More
It is very clear that use of technologies such as the IoT in business will continue to rise as a variety of industries are increasingly trying to make business decisions based on data, particularly as the rise of the machines continues The very fact that machines have started talking toRead More
Internet of things firm Aeris today announced it has bagged the award for having the best Smart City platform at the recently concluded IoT Evolution Conference and Expo in the USA. This certainly put the company in a commanding position in pitching for various smart city projects currently undergoing inRead More
Internet of things specialist Aeris will be demonstrating its various solutions at the Internet of Things World 2016 to be held at Santa Clara Convention center, in Silicon Valley from May 10-12. The company will display its comprehensive device-optimized and patented IoT solutions platform for enterprises and mobile network operators.Read More


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- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:40 05:56 12:22 15:50 18:43 20:00
A millionaire was caught on camera stealing a mobile phone worth only Dh200 from a girl at a shopping mall in Sharjah but he told police he just did not know why he did so.
That was also the case with a businesswoman, who pinched a bread pack from a supermarket and told police she could not understand why she stole it.
These cases were among a large number of thefts committed by rich people and celebrities at shops in Sharjah but most of them were tackled cordially on the spot.
A report published in Sharjah police magazine showed that woman committed such petty thefts at shops in the emirate far outnumbered men.
“Most of these cases involve petty thefts which were not planned in advance…such cases increase during sales seasons,” Emirat Alyoum daily said, quoting Colonel Khalifa Abdullah, director of the comprehensive police stations administration.
“One of those cases involved a millionaire who stole a mobile phone worth only around Dh200 from a girl…when he was summoned by the police, he came in a car worth more than Dh500,000,” Abdullah said.
He said another case involved a businesswoman who pinched a brown bread pack from a local supermarket. “When we questioned her, she said she did not know why she did it…most of the recorded thefts by these people were not motivated by need but could be a psychological whim…some of them feel better when they steal.”
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The Streets Of Southpoint
after a construction worker accidentally uncapped a live sprinkler head on the mall's second floor Friday morning.
The uncapped sprinkler caused water to flood the first floor of the mall.
"Unbelievable, but things like this happen on a construction site," senior marketing manager Angela Sweeney said. "We mobilized our crews right away, and started getting the water cleaned up. The water flow was over very quickly, so the cleanup is going very well. We don't expect any long-term cleanup from this."
Three stores, The Gap, Talbot's and Ross-Simons, were affected by the flood. However, there was no merchandise or carpet in the stores because the mall has not opened yet. There is no word yet as to how much damage was caused by the flooding.
The mall is still expected to open March 8.


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Industrial activity in Spain experienced its worst growth figure in July in the last three years after growing 0.8% compared to the previous year. The industrial production index is thus below the same month of July 2018, when the increase was 1%, and is three times lower than the vigorous 2.5% recorded two years ago.
If compared to June, the activity in the factories contracted by 0.4%, adding its second consecutive month in red numbers and the fourth in the year march. On average this exercise, the growth of industrial activity is 0.7%, well below the Gross Domestic Product (GDP) of the country and an unknown figure since 2013, when the country was still in recession and economy fell at rates of 1.2%.
Behind this paralysis is the fall in the production of durable goods, greatly affected by the sales crisis that the automobile sector is experiencing in Europe. This industrial division has a negative growth of 1.6% until July, to which the falls of the energy industry (-0.5%) and that of intermediate goods (-0.6%) are added. There are specific sectors such as metallurgy, wood or paper where no such negative growth was observed since the last recession.
On the other hand, the good performance of the non-durable consumer industry and the competitive branch of national capital goods, with growth in both cases of 2%.
Summer in Spanish factories has been very negative. The industrialists have stopped machines before the collapse of the orders of the last months and have chosen to take out the stock of their warehouses to fulfill the orders. This is a defensive cost adjustment mechanism that has sunk production "at the strongest pace in almost six and a half years" and has led to a reduction in personnel at the facilities, explained the consultant IHS Markit last week, which analyzes Monthly evolution of the sector through a survey of 400 industrialists.
These data and the global economic outlook for the coming months have generated among the businessmen a climate of pessimism about their future activity. "The concern about the continuation of the recent weak demand trend and the concern that the current global recession deepens has had a negative impact on confidence," the report details.
According to the criteria of The Trust ProjectKnow more
- Special Economic News
Frenazo Countries prepare for the coming recession ... less Spain
FrenazoLack of Government already subtracts up to three tenths of GDP growth, according to the Council of Economists
GDP contraction This will affect the Spanish economy the German prick


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The German based automaker Mercedes-Benz has released a new promotional video with the new generation of the A-Class, revealing some driving footage with the model.
The 2013 Mercedes-Benz A-Class is coming with features like the Brake Assist, Collision Prevention Assist, Distronic Plus adaptive cruise control, Pre-Safe system, nine airbags and more, while the standard “safety goodies” include the two front airbags, driver’s knee airbag, thorax/pelvis airbags incorporated into the seats and many more. On the Old Continent, the 2013 Mercedes-Benz A-Class will be priced from just under 24,000 euros once it will arrive in showrooms this autumn.
The new generation of the Mercedes-Benz A-Class has been officially presented to the public in a world premiere at the 2012 Geneva Motor Show in March and, since then, the model has been brought to almost every major automotive event. The 2013 Mercedes-Benz A-Class will be produced in Hungary and in Germany and its engine lineup will include units ranging between 109 horsepower and 211 horsepower. One of the most expected versions of the 2013 Mercedes-Benz A-Class is the AMG. More details on the new generation of the Mercedes-Benz A-Class will be announced close to its launch. Meanwhile, you can watch the video posted below. Enjoy!


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(BPT) - A health renaissance is taking place in America as more people are embracing aging well and being proactive rather than reactive about their well-being. Prevention has become the focus, and many aging Americans are turning to time-tested methods for keeping their bodies and minds healthy so they can live longer, higher-quality lives.
Kristen Johnson, certified personal trainer, registered dietician and nutrition expert at www.ontargetliving.com points out five time-tested strategies for aging well:
"Daily movement is the real fountain of youth. It keeps us healthy from the inside out," says Johnson.
She notes that quality over quantity is what really matters.
"When it comes to improving overall fitness, high-intensity exercise for a short amount of time may be much more beneficial than low intensity for a long amount of time," Johnson says. "Research suggests that fat-burning hormones like human growth hormones and testosterone are stimulated by high-intensity exercise, while fat-storing hormones like cortisol may be lowered. Try increasing the intensity and frequency of your exercise, while decreasing the time spent."Superfoods
The foods you eat influence how you look and feel, from glowing and confident to lethargic and sick. Selecting foods that people have eaten historically as nutritional powerhouses can help boost overall wellness.A few to focus on:
* Carrots, squash and sweet potatoes are extremely beneficial for eye and skin health, thanks to high levels of beta-carotene, a type of vitamin A.
* Any brightly colored fruits and vegetables will have an abundant amount of antioxidants, and these help prevent oxidation and cell damage. Examples: raspberries, kale and cabbage.
* Carbohydrates like healthy grains, beans and potatoes help you produce serotonin, a calming and satiety hormone that helps fight stress and anxiety's negative effects.Nutrients
Supplements help fill nutritional gaps, especially as the aging body requires greater amounts of certain vitamins and minerals. Johnson points out the importance of omega-3s for aging well.
"Omega-3 fats are essential for getting you healthy from the inside out, all while helping improve hormonal balance, brain health, weight loss and metabolism," she says. "Omega-3 fats are also extremely helpful for healthy skin, hair and nails."Sleep
"Chronic lack of sleep is one of the fastest ways to age the human body," Johnson says. "Lack of sleep can have a huge impact on the appearance of skin, causing fine lines, wrinkles and dark under-eye circles. Not getting enough sleep can also cause your body to release a stress hormone called cortisol."
She notes that adequate sleep can positively influence cognitive ability, mood, weight loss and skin rejuvenation, so it should be a top priority for an aging-well routine. While the right amount of sleep will vary between individuals, the goal for most adults is around 7 to 8 hours a night.
Human interaction can decrease as people age, but it's more important than ever to form and maintain bonds with others. Participating in social activity is a fun way to enjoy life and reap real health benefits.
"The American Medical Association has noted that stress is the basic cause for more than 60 percent of all human illnesses and diseases," says Johnson. '"When you are socially active and surround yourself with people you enjoy, you may be less likely to feel lonely, unhappy, or unfulfilled, all of which can cause unwanted stress."


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The State House bill aimed at better marketing the local seafood industry — filed by state Senate Minority leader Bruce Tarr, R-Gloucester, and already backed on the House side by Gloucester Democrat Rep. Ann-Margaret Ferrante — would create an entirely new function for the state’s Division of Marine Fisheries.
And expanding government’s hand into private industry services like marketing and other operations is a step that can understandably often send chills up and down the spines of business owners and consumers alike.
But this is indeed a measure that can provide credible and needed help to a fishing industry still caught in the grips of a federal regulatory stranglehold that has already spurred a recognized “economic disaster” and essentially collapsed the once-proud Gloucester fleet, whose fishermen and business owners are selling their boats and asking other steps in the face of bankruptcy and foreclosures.
Read the full story at the Gloucester Daily Times>>
National Fisherman Live: 12/16/14
In this episode, Bruce Buls, WorkBoat's technical editor, interviews Long Island lobsterman John Aldridge, who survived for 12 hours after falling overboard in the dead of night. Aldridge was the keynote speaker at the 2014 Pacific Marine Expo, which took place Nov. 19-21 in Seattle.
NOAA, in consultation with the Department of the Interior, has appointed 10 new members to the Marine Protected Areas Federal Advisory Committee. The 20-member committee is composed of individuals with diverse backgrounds and experience who advise the departments of commerce and the interior on ways to strengthen and connect the nation's MPA programs. The new members join the 10 continuing members appointed in 2012.


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NEW YORK--(BUSINESS WIRE)--A new report written by mobileSQUARED and issued today by SinglePoint, the premier mobile messaging advertising network, defines for the first time the market for messaging-based advertising—Conversational Advertising—a market that is expected to grow from $47.8 Million in 2010 to $2.04 Billion in 2015 in the U.S.
The report, announced at the mobile marketing industry’s premier event, the Mobile Marketing Forum, forecasts that Conversational Advertising will represent 8 percent of total mobile marketing messaging activity in 2010, but will be the dominant model in the marketplace by 2015, commanding 72 percent of revenues for total mobile marketing messaging.
“This report quantifies the effectiveness of message-based advertising and demonstrates its appeal to both brands and consumers,” said Gowri Shankar, CEO, SinglePoint. “Those who believe that apps are the optimal way to advertise on mobile should consider the limited reach of the medium. In contrast, text messaging is applicable to all, and our experience with major brands has demonstrated that text is both engaging and creative—even in a rich-media environment.”
The report, titled, “Conversational Advertising,” defines Conversational Advertising as, “the agreed messaging-based communication between the consumer and a brand to deliver consumer benefits.” A study conducted by mobileSQUARED revealed that 50 percent of Americans would welcome Conversational Advertising.
Conversational advertising capitalizes upon the opted-in database developed by the brand to establish an ongoing relationship with the consumer. In doing so, the concept evolves beyond the traditional campaign ideology that has become the cornerstone in advertising.
“Campaigns, by their very nature, represent an occasional touch point with the consumer, and are therefore limited in their ability to encourage the ongoing interaction and engagement with the brands they desire,” said Shankar. “As the name suggests, Conversational Advertising introduces a discursive element to what has been, until now, a largely time-restricted engagement opportunity during a campaign.”
In the digital age, engagement is critical. Once a consumer has opted in and become engaged, it then becomes counter-intuitive to send an occasional communication. The effectiveness of the opt-in model is to maintain that relationship between the brand and consumer, measured by Cost Per Engagement. Furthermore, the report educates marketers about the appropriate cadence for Conversational Advertising, and suggests a new paradigm for the opt-in/opt-out dichotomy—the notion that consumers have the option to control when and how frequently they receive communication, and to even have the ability to take a holiday from a brand’s messages.
“An engaged consumer represents a higher response rate,” observed Nick Lane, analyst, mobileSQUARED and the report’s author. “By generating an opt-in database, the likelihood of developing a response from a consumer into a conversation increases dramatically, especially when consumers are able to dictate the terms of engagement with brands. Conversational Advertising addresses the existing messaging practices which are fleeting and largely ineffective beyond the realm of a campaign.”
SinglePoint found that 90 percent of text messages are read within three minutes of delivery, and that the recipient eventually reads more than 99 percent of all text messages. By contrast, 80 percent of apps in the App Store are downloaded 10,000 times or less. This means that 80 percent of apps will achieve an iPhone penetration rate of less than 0.1 percent. As app stores become more congested, and discoverability becomes even more of an issue, that percentage can only decrease.
“Messaging as a direct channel to the consumer sidesteps the issue of discoverability altogether, but can play a role in the discoverability of apps,” said Shankar. “Not only can it assist a consumer in locating an app, it can remind the user to use the app and inform the consumer of updates. To date the worlds of messaging, Web and apps have yet to converge. Conversational Advertising makes it possible, while always relevant and contextualized to the needs of the consumer.”
The report, titled “Conversational Advertising” is available upon request.
SinglePoint enables brands, agencies and publishers to connect with upwards of 300 million wireless subscribers. SinglePoint's full suite of products and services enables publishers to monetize their mobile messaging traffic and advertisers to access premium inventory to rapidly launch mobile advertising campaigns. SinglePoint works in partnership with entertainment, media companies, brand managers, advertising agencies and mobile networks. Current publisher partners include NBC Universal (Bravo, Oxygen, SyFy, CNBC, MSNBC, Telemundo, USA Network), ABC/Disney, Viacom and CBS Corp. For more information, visit www.singlepoint.com.


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Five months ago, Bentley announced that they will officially be ending production of the Mulsanne with a special edition model called the 'Mulsanne 6.75 Edition by Mulliner'. Revived back in 2010, the enduring nameplate always came with Bentley's signature 6.75-liter V8 which has been in production since 1959. Like the Mulsanne, the long-lived V8 will also be consigned to the history books.
Now, the Crewe-based luxury marque has revealed the last Mulsanne built – marking the nameplate's end of production. This vehicle is one of only 30 examples made and comes with a unique paint finish that consists of Rose Gold over Tungsten. It is set to be delivered to the U.S. and is powered by, you guessed it, a 6.75-liter twin-turbo V8 that churns out 537 PS and 1,100 Nm of torque.
With the Mulsanne set to be discontinued, the Flying Spur will now take its place as the brand's flagship luxury sedan. Throughout the Mulsanne's decade-long life, the sedan saw a plethora of updates, changes, and new model variants. In 2012, the Mulsanne received its first upgrade with the Driving Specification model. With it, the Mulsanne was given extras like 21-inch alloy wheels, Bentley Flying 'B' wing vents, diamond-quilted leather upholstery, and a tilt-opening glass sunroof.
It was then followed by the Mulsanne Speed which was revealed in 2015. Serving as the most powerful model, its 6.75-liter twin-turbo V8 cranked out nearly 540 PS and over 1,000 Nm of torque. Then in 2016, the car first received its first facelift. The entire front end of the car received a noticeable makeover on the headlights, taillights, bumpers, and even the hood. This translated to a more modern and cohesive-looking Mulsanne said, Bentley.
Finally, there's the Mulsanne Extended Wheelbase which offers more cabin space, particularly to those seated at the back. With an extra 250mm of wheelbase (3266mm to 3516), the luxury sedan has probably the most opulent (and spacious cabin) of the lot.
Throughout its 10-year run, Bentley is proud to say that over 700 people have invested nearly 3 million hours crafting the Mulsanne. Each car also has 42,000,000 million spot welds, and over 90,000 hours have been put into polishing cars before being sent to customers.
“The Mulsanne is the culmination of all that we at Bentley have learned during our first 100 years in producing the finest luxury cars in the world. As the flagship of our model range for over a decade, the Mulsanne has firmly solidified its place in the history of Bentley as nothing less than a true icon. I am immensely proud of the hundreds of designers, engineers, and craftspeople that brought the Mulsanne to life over the last ten years. Now, as we begin Bentley’s journey to define the future of sustainable luxury mobility through our Beyond100 strategy, the role of Bentley flagship is passed to the new Flying Spur,” said Adrian Hallmark, Chairman, and CEO of Bentley Motors.
With the Flying Spur now serving as the automaker's latest flagship model, what does this mean for Bentley itself? Well, the automaker is looking to build more vehicles that are aimed towards sustainable mobility. That means, more hybrid and electric models are coming Bentley's way. The demise of the Mulsanne means Bentley can refocus some of its resources and skills to building and designing more eco-friendly cars in the not-so-distant feature.
While fans of the Mulsanne may find that it disheartening that Bentley had to kill off their flagship sedan in order to build newer cars in the future, Bentley is looking towards the long run in order to advance further. Bentley also had to remove 1,000 employees in order to achieve the planned changes it is working on
As the saying goes; you can't make an omelet without breaking some eggs.


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BUSINESS PEOPLE; Ecolab Chairman Turns His Attention to Lawns
DANIEL F. CUFF
Published: March 27, 1987
The name Ecolab may not mean much to the average consumer, but many consumers use Ecolab products, which include Electrasol and Finish dishwasher detergents. Now Ecolab, under Pierson M. Grieve, chairman and chief executive, plans to stress the yard as well as the kitchen with the proposed acquisition of Chemlawn, a lawn-care company.
''We didn't have a lawn product,'' Mr. Grieve said yesterday. ''This will allow us to expand our residential services market. We see very attractive above-average growth in the combination.''
Chemlawn, based in Columbus, Ohio, has agreed to be acquired by Ecolab for some $370 million. An opposing offer by Waste Management Inc. has been withdrawn.
With $813 million in revenues last year, Ecolab's principal business is supplying laundry, janitorial and sanitizing chemicals and other products, mainly to institutions such as hotels and hospitals. ''Ours is an institutional business, Chemlawn's is residential,'' Mr. Grieve said.
Until December, Ecolab went by the name of Economics Laboratory Inc., with the ''Economics'' referring to the fact that the company emphasized time-and-labor-saving help. Economics Laboratory was founded in 1923 in St. Paul.
The new name, Ecolab, ''speaks to ecology, which we're high on,'' Mr. Grieve said.
In 1982, Mr. Grieve left the Questor Corporation, where he had been president and chief executive. Questor, of Toledo, Ohio, made diverse products, including Spalding sporting goods and AP auto parts. ''I developed that company over a 20-year period,'' he said. Early in 1983, Mr. Grieve, who is 59 years old, moved to St. Paul to be chairman and chief executive of Economics Laboratory.
Before he worked for Questor, Mr. Grieve was president of a small packaging products company in Minneapolis. He is a graduate of Northwestern University.
Ecolab will have its hands full for a while with the Chemlawn acquisition, Mr. Grieve said. ''I'll be busy working nights now, spraying lawns,'' he added in jest.


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The burgeoning global food & beverage NFT market is poised for massive growth, expecting a USD 2.1 Billion market by 2032 according to a report. This growth trajectory is primarily supported by the adoption of blockchain technology and the increasing demand for transparency and traceability within the food industry. Food companies and restaurants are also leveraging unique ownership opportunities, harnessing the potential of NFTs in virtual reality and video games, and employing these tokens in marketing promotions and advertising campaigns.
NFTs in Practice: Case Studies in the Food & Beverage Sector
NFTs, or non-fungible tokens, are digital assets that are one-of-a-kind and verified through a blockchain network. This decentralized digital ledger records transactions transparently and securely. The value of an NFT can fluctuate, hinging largely on the rarity and popularity of the represented item. In some instances, NFTs have fetched millions of dollars at sale.
However, the burgeoning demand for transparency and traceability in the food industry is fueling the NFT market in that sector. Consumers, retailers, and regulatory bodies are increasingly invested in the ability to track and verify the origin, quality, and safety of food products.
The alcohol industry is experiencing a surge in NFT offerings. An intriguing idea gaining traction is the digitization of physical bottles, laying the groundwork for guaranteed authenticity and the accrual of benefits associated with owning NFTs. Another industry player making waves in the market is Papa John’s International, Inc. A pizza take-out chain recently released a series of NFT “Hot Bags” showcasing a collection of handbag designs to promote their new merchandise line, Papa John’s X Cheddar.
Challenges and Opportunities for NFT Adoption
Despite the promising prospects, several limiting factors affect the growth and adoption of NFTs in the food & beverage market, according to the report. These include limited market adoption, high costs and required technical expertise, regulatory hurdles, and the need for more standardization. Creating and managing NFTs requires specialized knowledge and resources, potentially presenting a barrier to smaller food & beverage producers.
However, these challenges have helped growth. The food segment of the NFT market is anticipated to dominate in the forecast period, driven by the potential application of NFTs for safety and traceability in the Food & Beverage industry. Another primary use of NFTs in the industry is in marketing and branding.
In 2022, the ‘Dining’ sector dominated the market due to several key factors. These factors included exclusive restaurants, private chef services, and food tours, which provided proof of ownership or access to these experiences. Collectors were also attracted to this segment as it offered a unique way to own a piece of the dining experience. In addition, there is a trend in which virtual dining experiences are being created. Users can obtain an NFT that gives them access to a virtual reality dining experience or a live-streaming cooking class.
North America is expected to lead the market regarding revenue share. One of the reasons behind this is the increasing use of blockchain technology and the increasing need for food products that can be easily traced in the area. The food and beverage industry’s NFT market offers an exciting opportunity for businesses and investors to explore new ways of monetizing and marketing their products while taking advantage of the increasing interest in blockchain and cryptocurrency.
As we step into the exciting digital future, the food and beverage industry’s adoption of NFTs presents transformative potential. The unique blend of enhanced transparency, traceability, and consumer engagement fueled by NFTs revolutionizes the industry. Despite the challenges, from limited market adoption to regulatory hurdles, the future of NFTs in food and beverage appears bright. With North America leading the charge and unique sectors like dining already making waves, the market is ripe with opportunities. The embrace of NFTs is not just a fad, but a strategic pivot towards optimizing the industry in the face of a rapidly digitizing world.


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Meet Buffalo Debt Collectors Charged With Illegal Practices | Crime News
The companies were also banned from debt collection and imposed a default judgment of $ 1.7 million.
To pressure debtors, he and his companies are said to have called consumers and allegedly falsely working in law enforcement, usually associated with bogus claims that consumers have committed a crime or are about to be arrested. under a warrant.
The associated companies listed in the complaint have been identified as Campbell Capital LLC; Kahl, Heidenreich and Nemmer LLC; Urban, Heidenreich, Melendez and Associates LLC; J&V Receivables LLC; Wealthy Financial LLC; and BCH & Associés Ltée.
In 2016, Kelly S. Brace of Buffalo was permanently excluded from debt collection. A judgment of $ 18.4 million has been rendered against Brace and its companies. He was ordered to pay $ 151,893 to the FTC and the state attorney general.
Authorities sued Brace and Braclaire Management LLC in 2015.
Agencies accused Brace’s company of “collecting bogus payday loans that they knew consumers didn’t really owe, and using deceptive and abusive tactics to get them to pay, including bogus threats. prosecution and arrest “.
In 2020, federal agents seized $ 90,385 from Kenmore debt collector Mark M. Miller. Prosecutors allege he owned several debt collection firms “which engaged in a wire fraud scheme linked to illegal debt collection activities involving victims across the United States,” according to court documents.


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LOS ANGELES (MarketWatch) -- FileNet Corp.'s stock dropped nearly 9 percent on Tuesday, as investors reacted to the software company's scaled-back profit outlook despite its strong quarterly results.
While KeyBanc Capital Markets analyst Mark Schappel conceded that "forward visibility is becoming less certain," he thinks the company's outlook is "overly conservative."
"We believe there is upside to the current numbers," Schappel said, reiterating a "buy" recommendation on the stock with a $31 price target.
Shares of FileNet FILE close down $2.13, or 8.8 percent, at $22.16 on volume of nearly 3.4 million.
After Monday's closing bell, the Costa Mesa, Calif.-based maker of data- and content-management software said it expects to post first-quarter earnings of 10 cents a share on sales of around $97 million.
For the year, the company expects to earn 70 cents per share on sales of $410 million, Chief Financial Officer Sam Auriemma said in a conference call.
Analysts, on average, had expected first-quarter earnings of 15 cents a share on sales of $100 million. For the year, estimates had put earnings at 71 cents a share on sales of $416 million.
The outlook was delivered along with news that fourth-quarter earnings jumped to $16.9 million, or 41 cents a share, aided by a noncash tax benefit. In the same period a year earlier, the company made $5.6 million, or 14 cents a share.
Overall sales for the period rose to $107.5 million from $101 million for the quarter, although software sales were little changed at $44.8 million. Services revenue rose to $62.6 million from $56.1 million in the same period a year ago.
The results sharply outpaced the average of analysts' estimates, which had put earnings at 19 cents per share on sales of $102 million for the just-reported period, according to a Thomson First Call survey.


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SYDNEY: Consumer confidence levels are continuing to decline in Australia, leading a majority of shoppers to save more and purchase cheaper grocery products.
Nielsen, the research firm, reported its regular barometer of popular sentiment in the country stood at 110 points in Q1, measured against 112 points the previous quarter and slightly off from 111 points year on year.
The overall decrease marked the third successive quarterly contraction, and comes despite the fact 67% of the panel proved optimistic regarding job prospects for the coming 12 months.
Elsewhere, 51% of interviewees were putting any spare funds into savings after meeting essential living costs, a seven percentage point lift compared with the closing quarter of last year.
However, 39% are investing in holidays, not least because of the relative resilience displayed by the Australian dollar.
More widespread behaviours at present include reining in spend on gas and electricity, cited by 68% of the sample, and cutting back on new apparel, reaching 64%, up five points from Q4 2010.
Eating fewer takeaway meals registered 58%, trimming expenditure on out-of-home entertainment logged 56%, and switching to lower-priced grocery brands yielded 55%.
"It's no surprise that consumers are increasingly concerned about their household budgets in response to such fluctuating economic conditions," said Chris Percy, Nielsen consumer group's Pacific managing director.
"The cost-saving strategies currently being employed by consumers are likely to continue well into the year."
The main matter worrying Australians was rising utility bills, listed as a top two issue by 37%, and a long-term source of anxiety.
Surging fuel prices hit 21% on this metric, with similar inflation linked to food securing 20%.
Data sourced from Nielsen; additional content by Warc staff


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Visionist is having an amazing year both in and out of the studio.
After being featured on Kode9’s Rinse 22 compilation
Visionist released his first self released “Crying Angeles” ep in June.
Followed by his brand new ep on Leisure System that came out July 22nd.
and upcoming ep on Lit City Trax in September feat. a collaboration track with Fatima Al Qadiri
Look out for upcoming mixes on FACT and RA!
Outside the studio he’s been busy playing shows with Zebra Katz and Mykki Blanco plus just came back from his first highly successful tour of Asia. He was invited onto Japan’s premier live streaming studio Dommune were 16’000 people logged in to see his set.
Also recently did a recorded session for Just Jam:
Back in europe now and featured in the fashion hip Because London , we’re taking bookings now!


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BUCKS COUNTY, PA — It’s time to get excited – whitewater boating enthusiasts rejoice! Just in time for the spring season, Bucks County’s Tohickon Creek will be free-flowing on Saturday and Sunday, March 18 – 19, thanks to annual water releases from Lake Nockamixon by the Department of Conservation and Natural Resources.
Boaters will have an amazing opportunity to paddle until their hearts’ content while they take in the stunning beauty of Ralph Stover State Park from 9:00 AM to 4:00 PM each day. The semi-annual event is a sure way for outdoor fanatics to renew their love for nature and adventure all at once. Who knows? Maybe a few lucky ones will spot some breathtaking wildlife along the way! So, if you’re looking for some fun in the sun this weekend, grab your gear and hit up Tohickon Creek.
Releases are historically scheduled on a semi-annual basis, usually occurring on the third weekend in March and the first weekend in November.
The water releases are set to begin at 4:00 AM. Several hours later, the release consisting of millions of gallons of water moving down the waterway will create whitewater conditions at Ralph Stover State Park. Suggested hours for viewing the release and boating activity are from 8:00 AM to 5:00 PM at Ralph Stover.
Water releases are eagerly awaited by whitewater paddling enthusiasts, drawing skilled kayakers, canoeists and occasional rafters from throughout the Northeastern United States. Most launch their craft at Ralph Stover State Park, near Pipersville, Bucks County, and travel some four miles along the Tohickon Creek to its junction with the Delaware River at Point Pleasant.
DCNR officials remind boaters that this is technical whitewater with Class 3 and 4 rapids that require experienced boating skills. Boaters should be aware of and abide by the safety code of the American Whitewater Affiliation. Boaters must wear appropriate personal flotation devices, take appropriate precautions to prevent hypothermia, and use only craft designed for this type of water.
For more information, contact Nockamixon State Park at 215-529-7300 or Delaware Canal State Park at 610-982-5560.
For more information about Pennsylvania’s 124 state parks visit DCNR’s website.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News.
Thanks for visiting! Looking for some Chester County pride? We got you covered! Shop our MyChesCo store and show your love for Chester County, Pennsylvania. We got shirts, hats, and more – all with a unique ChesCo flair. Plus, proceeds from each purchase helps support our mission of bringing reliable information and resources to the people of Chester County.


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Back page: Woman hit by car, flies into pizza place
AURORA, Colo. — A woman walking past a Colorado pizza shop was hit by a car, landed on its hood and was pushed through a plate glass window into the store. Amazingly, she immediately hopped off the car amid debris and escaped serious injury. A surveillance camera captured Wednesday’s incident outside — and inside — the Pudge Brothers Pizza shop in Aurora. KUSA-TV reports the car’s driver apparently hit the gas pedal instead of the brake, jumped the sidewalk the woman was walking along, and crashed into the store. No one inside was hurt. Aurora police didn’t immediately return a phone call seeking additional details, including the identities of the woman and the car’s driver.
—The Associated Press
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.


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Even the FAA itself knows it needs to speed up its notoriously slow drone approval process. That's why it has debuted a new rule that will quickly grant permits to companies that promise to adhere to certain restrictions. All applicants whose drones weigh 55 pounds or less will get a "blanket flying permission," so long as they swear never to fly their machines above 200 feet. They also have to assure the agency that they will only fly their drones during daytime and nowhere near airports. The FAA might finally be able to demolish its backlog of more than 400 permit applications with this new system in place. More importantly, it will allow the agency to breeze through future ones and prevent terrible delays like what happened to Amazon.
If you recall, Amazon finally got permission to conduct flight tests stateside a few days ago. Unfortunately, the kind of permit the company got only allows it to test a particular model: the e-commerce giant has to apply for additional permits for other types of drones. The bad news is that the drone the FAA approved is so old, it's not even being tested anymore. Paul Misener, an Amazon vice president, has revealed that the FAA-approved model is already obsolete, and his company has since moved on to more advanced ones that it's already testing overseas. Amazon has already submitted another application, though, and it's hoping to get a permit a lot faster this time around.


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Last month, BioWare unveiled their newest IP - something called Nightmare. There was a sparse trailer that highlighted a modern setting and possibly supernatural elements. Today, BioWare has released another Nightmare teaser, further highlighting a modern setting and supernatural elements. Also there is a spooky ginger and suburban household tragedy thrown in.
Also announced is a special fan event at the Cologne Marriot Hotel (Johannisstrasse 76-80, Cologne, North Rhine-Westphalia, 50668 Germany) on August 13 from 3-7pm CEST. And if you can't make it to Germany, then you can watch it on twitch.tv from 4pm to 5pm CEST.
Still nearly nothing is known about Nightmare so stay tuned!


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Innovative online solar technology retailer inks major in-store distribution deal
Residential solar firm Sungevity has signed home improvement company Lowe's as a distributor, significantly expanding its reach into the fast expanding market for domestic solar panels. The company,...
Environmental Audit Committee: Government has 'no strategy or vision' to meet Sustainable Development Goals in UK
Parliament's Environmental Audit Committee issues withering analysis of UK progress towards UN's 2030 sustainability and climate targets
Paris effect and warnings from the Financial Stability Board have prompted a major surge in asset owners taking action on climate issues
Sustainable finance specialist launches its first UK current account, complete with 'natural plastic' debit card
Corporate Leaders Group urges EU to strengthen proposed 2030 renewables target


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Updated April 05, The techniques used by fraudsters in online romance scams are similar to those found in domestic violence cases, according to our research published in the British Journal of Criminology last month. According to the latest figures from the Australian Competition and Consumer Commission's ScamWatch, that's up on the same period last year.
The Phony Profile
The majority of the money lost was from reports of fraudsters using online services including social media, email and the internet. Despite the growing problem there is little social science research exploring romance fraud.
So far, most of it has focused on the grooming techniques offenders use to lure victims into simulated relationships. In our latest researchwe found the non-violent techniques the romance fraudsters Australia Bentleigh East massage table are similar to those encountered in domestic violence.
Their stories are devastating. Listening to victims describe their interactions with fraudsters, we noticed some similarities between romance fraud and the psychological abuse used by domestic violence offenders.
Psychological abuse has long been recognised as a central part of domestic violence, along with physical and sexual violence. Scammers often approach their victims on legitimate dating websites before attempting Australian Competition and Consumer Commission - Targeting scams.
Older singles are pretty savvy when it to comes to Internet dating.
“Australia recently put together a commission to deal with these scams. Scammers typically create fake online profiles designed to lure you in.
Online dating and romance scams cheat Australians out of millions every year. Have you received a suspicious email, phone call, text, social media message or letter? Search our listing to see if we have reported it and tips on handing it. ACP claims it has great news for you.
Unfortunately, the only "great" news is that you are on a scammer's mailing list. Your computer suddenly stops working and your screen is scsms with a warning supposedly from the Australian Federal Police AFP. It says you have been targeted because you have allegedly broken copyright laws during downloading, been viewing inappropriate content or accessed data illegally.
WA consumers are receiving scam emails claiming to be from AGL, an energy company not currently registered to supply or sell electricity and gas in Western Australia.
Scammers are using the ATO name to fleece thousands of dollars from victims. Tax time could really be taxing if you give out personal details to scammers impersonating the Australian Taxation Office ATO.
WA ScamNet has OOrange its warnings about fake tax communications after fresh reports of emails claiming to be from the ATO.
Do not click on any links.
Just delete it. Doing this will download ransomware onto your computer. This looks like another advance fee fraud email where scammers will ask you for money throughout the process for taxes or processing fees.
We have seen it all before and this one certainly raises several alarm bells. Consumer Protection is warning jobseekers to be wary of responding to adverts on classifieds websites, where the recruiter requires payment. A letter from someone claiming to be Amanda Kane, clairvoyant, says that she wants to help the recipient by making a generous offer.
It does not take any magical Wagga Wagga star girl to foresee you will not receive any money. To participate, you need to follow a number of intricate steps.
What an online dating scammer looks like, says experts | Daily Mail Online
In fact you actually Cute gay Mandurah have a one inchance scasm getting the money. Who is clairvoyant Amy Palmer? Clairvoyant Angela Almera, from the Netherlands, is Orange Australia internet dating scams and wants you to be the very last person she is ever going to help to become a winner. But when we did a search for her name on the Internet, the first item was a warning from the New Zealand Ministry of Consumer Affairs about.
Hang on Angelique, what about the hundreds of other Western Australians you have sent the same letter to? Are they also part of the chosen 12? But Angelo da Vinco, who will protect us from scamming fake psychics like you? This appalling letter is trying to scare you into handing over your money.
❶Report the matter to the dating website. The scammers may also use your personal details for criminal activity — including accessing your bank daitng. Scammers may attempt to lure their victims overseas, putting you in dangerous situations that can have tragic consequences.
The majority of the money lost was from reports of fraudsters using online services including social media, email and the internet.
Scammers claim they have created a video of the recipient watching adult content and threaten to send it to their social media contacts if they are not paid a sum of money. The latest scratchie scam comes from Sparking Sword Vacation and White Hunter Vacation, claiming to be a 12th anniversary promotion. Email lottery scams operate under various names including infra-pay.
It does adting take any magical powers to foresee you will not receive any money. The money you are paying up-front will not result in you getting anything in return.
Website offers forum on avoiding romance scams – Orange County Register
For scas information, visit scamsurvivors. No WA ScamNet contributors have ever reported receiving the grand prize. Dutch star clairvoyant and cosmetologist Julie Haley has chosen you Orwnge receive the CristAnandaMagic, a crystal that contains the Backpage male Warrnambool treasures of Ma Ananda Moyi, an Indian woman saint.
Esmeralda Wicca, from Switzerland, promises she can supply the numbers needed to win Lotto.|By Unity Blott For Frankston East women prices. What do you look for in a partner? With almost Orange Australia internet dating scams million people using online dating in the UK, fraudsters know exactly how to get people clicking on their profiles and they'll make sure they use the right photographs to lure their victims in.
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Experts at Scamalytics, who provide anti-scammer software Orange Australia internet dating scams dating sites, sift through millions of fake profiles every year.
By pulling data from these profiles, they Austrlaia created the average male and female scammer profiles - including everything from their age to their hair, job, eye colour scamss posture.
Experts have revealed the face of a typical female scammer - and she's a brunette student datinv her 20s who loves selfies.
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The face of a fraudster? A blue-eyed widower in his 40s who works as an engineer and wears button-down shirts. She is described as 5ft 6in, never married, and has a degree-level education. The most common fake male profile, meanwhile, has light brown hair and is in his forties. Forty-eight interney the most common age found across the profiles.
He is described as widowed, works in engineering, Orangee average height - 5ft 10in Auxtralia and again has no political leanings.]


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EcoLight LED Systems provides SSL retrofit lamps for Walmart Canada
EcoLight LED Systems, a provider of commercial, residential and industrial LED lighting, has retrofitted all overhead sales floor lighting at a Canadian Walmart store in Brampton, Ontario.
Four-foot LED retrofit lamps were installed in place of conventional fluorescent lighting at a Walmart in Brampton, Ontario. The lighting change, which was done by EcoLight LED Systems, is expected to result in savings of approximately $26,000 a year for the store. In addition to the direct savings in lighting, the store will have reduced air conditioning costs as LEDs do not emit heat.
The retrofit, which consisted of changing out almost 6000 25W fluorescent lamps for 18W LED lamps, will reduce the energy used by lighting in the store by 28%. That savings equates to 283,000 kWh per year.
Previously, LED retrofit tubes have failed to perform as well as fluorescent tubes, but recent studies, such as this New Zealand case study, have shown LED retrofit tubes can match or surpass the performance of fluorescent tubes in some applications. In addition, a feature article on our sister website LEDs Magazine covered the use of LED T8 tubes in a San Diego burger restaurant.
"We're very proud to be the first large Canadian retailer to fully convert sales floor lighting to LED for general illumination requirements," said Ken Farrell, vice president of store development for Walmart Canada. "This latest project represents just one of many steps Walmart Canada is taking to make our stores less energy intensive."
This retrofit is part of Walmart Canada’s strategy to reduce lighting costs, which includes operations such as their reduced summer lighting program, where floor lighting is reduced by one third for all summer.


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Louisville, Kentucky – Collingwood Blended Canadian Whisky released its new package, with a bottle design that will increase consumer appeal through a new screw cap.
In an effort to improve overall functionality and increase sustainability of the Collingwood bottle, the extra black cap from previous packaging has been removed. The new front and back labels display a premium appearance that complements the liquid inside the bottle while focusing on the brand name. The new Collingwood package design reflects the premium essence of this finely crafted whisky.
"We are very excited about the new package design and believe the increased impact on the shelf will give consumers the opportunity to find and try this hidden gem of a whisky" said Collingwood Brand Manager, Heather Howell. “In conjunction with the new package, we’ve completely repositioned the brand to focus on craftsmanship, the vigor of the Canadian landscape, and the artisanal world.”
Collingwood is a super-premium whisky made at Canada’s longest continuously owned and operated distillery, in the town of Collingwood, Ontario. Made using water from the pristine Georgian Bay and fine grains sourced primarily from Canadian farms, Collingwood is uniquely crafted and finished with an extra maturation step of resting with heavily toasted Maplewood staves.
The new Collingwood package is hitting shelves nationwide in select retail locations with a suggested retail price of $28.99 for a 750ml bottle.


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Announcing Silverstripe CMS 5 beta
We are thrilled to announce that our development team has achieved a significant milestone by releasing Silverstripe CMS 5.0.0 Beta 1! This release marks the end of major development work and the start of an exciting journey towards a stable release.
Driving government digital innovation across the ditch
The recent Driving Digital event in Canberra presented a great opportunity to get involved with other New Zealand tech companies and hear from the CDOs in the Australian federal government. SilverStripe attended this event and outlined some key insights about the future of New Zealand tech in Australia.read


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Xbox Threatens To Cut Ties With Activision
Is there anyone greater than Phil Spencer right now? Steering the Microsoft ship into a new era, the gaming boss has already solidified the future of the Xbox by confirming The Elder Scrolls 6 will be an Xbox exclusive. With Microsoft celebrating 20 years of the Xbox, Spencer has been hitting the interview scene with a lot of different views.
He's spoken out against the craze of NFTs, and if that wasn't enough, has made his stance on the Activision Blizzard case very clear. As the pressure mounts on Activision Blizzard CEO Bobby Kotick, Spencer says Microsoft could cut ties with the publishing powerhouse.
What Has Spencer Said About Xbox And Activision?
Things with the Activision Blizzard case are coming to a head, as pressure mounts for Kotick to step aside. In an email seen by Bloomberg, Spencer vowed to evaluate "all aspects of our relationship with Activision Blizzard and making ongoing proactive adjustments." Spencer said he is "disturbed and deeply troubled by the horrific events and actions" that have been coming from Activision Blizzard Inc.
Spencer then referred to a Wall Street Journal article that claims Kotick knew of sexual harassment within the company, as well as claims he mistreated women within. "This type of behavior has no place in our industry," clarified Spencer. The update comes after those on high has stood by Kotick. This has led to over 1,000 Activision Blizzard employees have signed a petition calling for the Activision Blizzard CEO to be removed from his position.
In a follow-up statement to IGN, Spencer added, "I personally have strong values for a welcoming and inclusive environment for all of our employees at Xbox. This is not a destination but a journey that we will always be on. The leadership at Xbox and Microsoft stand by our teams and support them in building a safer environment for all."
Spencer's words come after PlayStation boss Jim Ryan echoed similar sentiments and said his own team was "disheartened and frankly stunned to read" that Activision Blizzard "has not done enough to address a deep-seated culture of discrimination and harassment."
What Could The Ramifications Of An Xbox Split Mean For Activision?
Away from the harrowing claims coming from within the ranks of Activision Blizzard HQ, let's look at what a split could mean for both sides. Activision has mega-bucks franchises like Call of Duty, Overwatch, and Diablo under its umbrella, and it might be hard to imagine a future where our yearly CoD release is blacklisted from Xbox. Then again, it's positive to hear that someone with as much power as Spencer is contemplating decapitating this lucrative partnership.
A CoD-free Xbox might sound unthinkable, but isn't that exactly what Activision Blizzard wants you to think? While Microsoft might be hit in the pocket, it's ultimately the publisher/developer that will lose out on this one. Let's remember that Microsoft helping put CoD on Xbox Live is largely what led to the franchise's current status as one of the biggest first-person shooters out there.
Activision Blizzard has taken note of what its biggest partners are saying. Also responding to IGN, a spokesperson said, "We respect all feedback from our valued partners and are engaging with them further. We have detailed important changes we have implemented in recent weeks, and we will continue to do so. We are committed to the work of ensuring our culture and workplace are safe, diverse, and inclusive. We know it will take time, but we will not stop until we have the best workplace for our team."
There's a dark cloud hanging over the gaming industry right now, but it's refreshing to see a largely united front supporting those who have spoken out, while banding against those who are the heart of these grim accusations. Whether this is enough for those affected remains to be seen. Either way, expect to see a very different landscape as we move into 2022 and beyond.


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If you're heading out for holiday travel expect to pay at least 88 cents more per gallon for gas than this time last year.
Gas prices at over three dollars a gallon might force some holiday travelers to stay home this year.
We found that, despite reports by Triple-A that holiday travel would increase and that Friday was the new starting block, many motorists in Craven County have significantly cut back on their travel. Some people we spoke to say they're going to drive regardless of the high prices. Others say they'll gladly stay put this holiday season.
According to Triple-A, more people will travel 50 miles from home for Thanksgiving than last year.


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Not only does China dominate Asia in terms of sheer size, but it’s the world’s leading producer of textiles and manufactured goods. Thanks to its 1.3 billion residents, China is also the second largest auto market and consumer of crude oil.
Reflecting this optimism, the iShares FTSE/Xinhau China 25 (NYSE: FXI) is up 38.69 percent through November 1st. The fund, which tracks top companies on the Hong Kong Stock Exchange, has been one of the top performing single-country ETFs so far in 2006.
China is so hot, Goldman Sachs has invested in Gao Hua Securities, and Cisco Systems has invested some $700 million in emerging and upstart Chinese enterprises.


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Browsing all articles in Rumours.
The Internet giant that is Google has created their own social network called Google+ and it is slowly overtaking Facebook as what I am sure will be the next major social media network.
A few days ago it was said by the Korea that Limbo is coming to the PS3, and now EA Korea has listed Crysis 1 to appear on the Xbox 360.
Nintendos E3 Press Conference is live tomorrow where they will be revealing their next big console that will set the stage for the next generation of console wars.
Microsoft will be launching a new subscription for Xbox Live members at E3 known as “Diamond.”
The hacker group has announced “The beginning of the end for Sony.”
This title isn’t going to be Uncharted 3 like many fans thought it would be, it is going to be a platform exclusive.
There has been a lot of buzz over the past few days regarding E3 and MGS5. Kojima has responded by answering some questions with a simple yes or no answer.
With Akham City it is going to be even bigger and I am sure it will be packed full of hidden trophies and challenges, with one even hinting at Robin making an appearance in the Dark Knight’s Universe.
I imagine next year we are going to see not just a stupid war for who has the best console, but we will also be seeing a war between who has the most revolutionary 3D device.


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HONOLULU (KHON2) — Many local businesses say they are feeling more than just the holiday spirit. With foot traffic and sales picking up, they are expecting to do better than last year’s holidays.
Whether it be in person or online shopping, the spirit of giving is being felt among local retailers.
On the go with KHON 2GO, KHON’s morning podcast, every morning at 8
Eden in Love owner Tanna Dang said they started ordering inventory months in advance to have enough merchandise, as the pandemic has affected the supply chains and the way people buy.
“We were actually a little nervous about this year because we didn’t know if we were going to have as many people shopping online, now that you could go back in-store,” Dang said. “But honestly this year, we’re tracking just as good as we were last year, and I believe after today or maybe tomorrow, our numbers — we are just going to tip over last year’s numbers.”
After 15 years of operating as a brick and mortar store, Eden in Love will operate completely online early next year — Dang said business is better than ever.
“We knew through the pandemic, once we did the pivot online, and we performed so well online, we didn’t know there was a world out there that contains Eden in Love in the world wide web,” Dang said.
With COVID restrictions loosening, the Retail Merchants of Hawaii President Tina Yamaki says small businesses are poised to outsell last year’s holidays.
“We’re seeing more foot traffic in the stores. At the shopping malls, people are actually buying,” Yamaki said. “We saw a lot of people actually starting their holiday shopping earlier this year as well.”
Some of Hawaii’s local favorites like Matsumoto Shave Ice are also feeling the love. General Manager Remy Matsumoto said their online retail is selling t-shirts and other items to some of the colder places on the continent.
“I’m always surprised when I see someone purchasing from any other state other than Hawaii. I’m just like, how do they know about us? You know, because it can be all the way up in like the East Coast,” Matsumoto said. “And it always surprises me. And I’m really thankful for, you know, every customer that supporting us from all over the United States.”
Even businesses like Hoala Salon and Spa benefit from the holiday bump.
“We will see, typically the week of Christmas, the spa gets very busy,” Hoala Salon and Spa owner Letitia Thomas said. “And then the week after that, it’s swamped, and we’re able to take care of everybody from all of their hard work of shopping and taking care of others.”
Interested in jewelry heists gone wrong, other strange news? Check out Weird News
Retailers recommend shipping off presents sooner rather than later in order for those to arrive on time.


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Securus Technologies has gotten a Gold Stevie Award for customer service. During an awards ceremony that took place in the Caesar’s palace hotel in Las, Vegas Nevada, judges proclaimed Securus Technologies as being the winner for the best customer service training department for 2017. Senior vice president of operations at Securus Technologies, Danny de Hoyos was present at the Stevie Awards ceremony that took place on February 24 to accept the award on behalf of Securus Technologies. Mr. de Hoyos joined over 650 other company executives who traveled to the awards ceremony and banquet in Las Vegas, Nevada.
While accepting the award on behalf of Securus, Danny de Hoyos remarked that it was great to be honored by a panel of independent judges and experts for the great progress that Securus Technologies has made over the course of a year in its customer service department. He went on to say that showing empathy for the customer’s situation and trying to resolve issues during the first call were the keys improving customer satisfaction at Securus. Then de Hoyos said that, knowing this, we made our customer service training department focus on training our customer service staff to develop empathy to our clients, listen carefully to their needs and work to resolve any issues they are experiencing during an often stressful period. The results have of the new approach and training have been fantastic and have paid off. Securus Technologies now has the highest customer satisfaction, first call resolution and net promoter scores in its customer service history.
The following is some of the judge’s comments on Securus Technologies who rated the company as having one of the best customer service training departments. One judge said that Securus has a very compelling improvement story in what has to be a tough workplace environment for customer service staff. Another judge gave credit to Securus staff for recognizing the problem and then doing all they can to address the issues to provide customers with unbeatable customer service in an often stressful situation.


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In August 2021 Finfeed changed from a website that covered ASX listed news to a website
that covered a select range of ASX
listed small cap Biotech stocks that we are personally invested in: find out more.
The old Finfeed website, and all of the old articles are kept here for record keeping purposes.VISIT NEW SITE
DateTix bags more cash for dating app push
1 minute read
DateTix (ASX:DTX) has agreed to sell a non-core consulting business for a possible sale price of $780,000, adding cash to its dating app marketing push.
It told its shareholders today that it had agreed to sell a consulting business which was operated under pre reverse takeover company Enverro to an Indian player, with the sale to be completed this month.
It had previously flagged the consulting business as non-core and had been exploring options for a sale, but the sale doesn’t mean downsizing with the current staff of the company to be retained.
While the sale will decrease non-core revenue in the near term, it provides DTX with additional cash to continue its marketing push for the DateTix dating app.
It recently announced that it had passed 7000 app downloads and more than 3000 hosted dates via the platform in Hong Kong.
The numbers now put it above dating giant Tinder on the Hong Kong iOs download charts.
The Hong Kong market is seen as both potentially lucrative in its own right and a springboard market to both the Singapore and potentially gargantuan Chinese markets.
It also recently told its shareholders the cost per user acquisition metric “has been decreasing” following an increase in brand awareness.
DTX will be hoping the extra cash from the consulting business sale will help it bag even more customers as the result of a renewed marketing push in the market.


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Shares of Splunk (SPLK) rose more than 2% in after hours trading on Thursday. The company which collects and analyzes data for companies across the globe, announced its third quarter results of its fiscal 2013 after the market close.
Third Quarter Results
Splunk reported third quarter revenues of $52.0 million, up 67% compared to last year. Revenues were driven by a 56% increase in license revenues which came in at $34.6 million. Maintenance revenues almost doubled to $17.5 million. Revenues rose 16.9% on a quarterly basis, and came in ahead of consensus estimates of $46.8 million.
The company reported a GAAP operating loss of $5.4 million, for a negative margin of 10.3%. This compares to a loss of $3.0 million last year. Net losses came in at $5.5 million, with GAAP diluted losses per share coming in at $0.06 per share.
Non-GAAP operating losses came in at $0.7 million. The non-GAAP accounting basis excludes $4.7 million in stock-based compensation expenses. Non-GAAP losses came in at $0.01 per share, beating analysts consensus by a penny.
CEO and Chairman Godfrey Sullivan commented on the results, "We are pleased to welcome more than 350 new Enterprise customers to the Splunk family and also want to recognize the many customers who expanded their use of Splunk software during the quarter. Our license revenues where the result of broad adoption by our customers in financial services, technology, telecommunications and government sectors."
For the current fourth quarter of its fiscal 2013, Splunk expects revenues to come in between $58 and $60 million. This represents a 13.5% increase in revenues on a quarterly basis. The outlook represents a 36.5% increase in revenues on an annual basis.
Splunk expects non-GAAP operating margins to come in between 3 and 4%, which compares to a negative margin of 1.3% during the third quarter.
For the full year of its fiscal 2013, Splunk now expects revenues to come in between $192 and $194 million. Non-GAAP operating margins are expected to come in between minus 1 and minus 2%.
Splunk ended its third quarter with $273.3 million in cash and equivalents. The company operates without the assumption of debt, for a considerable net cash position.
Factoring in a 2% jump in after hours trading, the market values Splunk at roughly $2.96 billion. Given the strong cash balance, the market values operating assets at roughly $2.7 billion.
Based on the full year outlook, Splunk's operating assets are valued at roughly 14 times its fiscal 2013s annual revenues. The company expects to report a full year loss.
Some Historical Perspective
Splunk went public in April of this year. Shares were eventually sold to the public at $17 per share, up significantly from its preliminary offer price range of $11-$13 per share. Shares quickly doubled to levels around $36 in the days after the offering. Shares fell back to $27 after the company reported its first quarterly results as a public company, but recovered to highs of $39 in September. Splunk's shares are currently exchanging hands around $31 per share.
Between its fiscal 2009 and its current 2013, revenues grew from $18.2 million to an estimated $193 million this year. Splunk has been reporting annual losses in each year since its existence.
Splunk had a decent third quarter, beating consensus estimates on both revenue and earnings expectations. Despite the beat, revenue growth is slowing down. Revenues grew 19.6% on a quarterly basis in the second quarter. Quarterly revenue growth came in at 16.9% in the third quarter, and is expected to slow down to 13.5% on a quarterly basis in the fourth quarter.
Growth was partially driven by the addition of new customers including Daimler AG, Kohl's, Newell Rubbermaid and Vodafone Australia, among others. Splunk released the latest version of its Splunk Enterprise flagship product. The GA version of Splunk Storm, the company's cloud service, was also released during the quarter.
I reiterate my investment stance for Splunk. At the presentation of the second quarter earnings, I argued that an investment can not be justified from a traditional valuation standpoint. Despite the insane valuation, at 14 times this year's annual revenues, the company is not an obvious short candidate. Given the rather limited valuation of $2.7 billion for its operating assets, an acquisition by a cash-rich technology company with cloud ambitions, remains a very real possibility.
For those investors being bearish about valuations in the cloud industry, I would urge investors to evaluate the prospects of Workday (WDAY). Shares of the company trade at even higher revenue multiples compared to Splunk, and the greater market capitalization makes a possible acquisition of the company less likely.
Disclosure: I am short WDAY. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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Accel, Tiger Global looking to sell stake in Flipkart for $1.5B: Report
Tiger Global, which owns about 4% of the stake in the company, and Accel, holding over 1%, are looking to sell their stake to Walmart.
Tiger Global and, two early backers of ecommerce firm , are in talks to sell their remaining stake in the company to Inc for approximately $1.5 billion,
If the talks go through, Walmart’s stake would increase in Flipkart by about 5%, according to a report in the Economic Times quoting a source. In 2018, Walmart acquired the majority stake in the firm for about $16 billion, and later, said it could take the firm public in four years.
As per reports, Tiger Global owns about 4% of the company while Accel holds over 1%.
YourStory has not been able to independently verify this report.
As per the report, the private equity firms are looking to fully exit the firm. With discussions underway; the transaction is expected to close in due course, it added.
Flipkart raised $3.6 billion at a $37.6 billion valuation from SoftBank, Tiger Global, Walmart, and others to make deeper investments in its supply chain, technology, and infrastructure to meet the growing demand for digital commerce in India, in 2021.
Edited by Kanishk Singh