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From the Associated Press:
Fashion retailer H&M has pulled a vest from its shelves worldwide
after accusations its design, which featured a menacing skull in the
center of a Star of David, was anti-Semitic.
The menswear item, which was withdrawn this week following complaints,
was also destined for sale in Israel, where the retailer has 14 stores.


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On May 14, 2021, Coinbase released its Q1 2021 earnings report, its first post-IPO earnings report. Golden Finance reporter takes a quick look at Coinbase’s Q1 2021 earnings report.
Coinbase’s key financial data are as follows.
Total revenue for the first quarter was $1.801 billion, up about eight times year-over-year; net income for the first quarter was $1.597 billion, up 7.9 times year-over-year; and net income for the first quarter was $771 million, a 23-fold jump year-over-year.
Of the $1.597 billion in net income in the first quarter, trading revenue was $1.54 billion and subscription and service revenue was $56.4 million, with trading revenue accounting for a whopping 96%. And of the trading revenue, a whopping $1.455 billion, or 94%, came from retail investors, far outpacing trading revenue from institutions.
Coibbase currently has over 56 million verified users, including 8,000 institutions and over 134,000 ecosystem partners. retail Monthly Transacting Users grew to 6.1 million in Q1 2021, double the number in Q4 2020.
Coinbase’s total transaction volume for the quarter was $335 billion, of which approximately $120 billion was in retail transactions and $215 billion was in institutional transactions. Bitcoin and ethereum together accounted for 60% of the transaction volume, 39% and 21% respectively, while other cryptocurrencies accounted for 40% of the transaction volume.
As of March 31, 2021, total crypto assets on the Coinbase platform were $223 billion, or 11.3% of total cryptocurrency market capitalization, of which $122 billion were held by institutions and $101 billion were held by retail investors. 62% of the $223 billion in crypto assets were BTC, 14% were ETH, 21% were other crypto assets, and 3% were fiat assets.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/coinbase-reports-q1-earnings-net-income-of-1-6-billion-90-from-retail-transactions/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

domain: news


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Rocket League version 1.76 released on PS4 and Xbox One. According to the official Rocket League update 1.76 patch notes, the latest update added minor bug fixes and tweaks. Apart from this, Rocket League patch 1.76 also includes stability and performance improvements.
Previously, a big update was also released with new features and changes. Unfortunately, since the last patch, many players were experiencing a number of issues when trying to play the game. Today’s Rocket League version 1.76 patch is expected to resolve a few of these issues.
Rocket League update 1.76 Patch Notes
Fixed bug with Quality filter during trade-insAdvertisement
Fixed appearance of ball indicator on Forbidden Temple
Rocket League update 1.76 for PS4 is now available for download.


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Sheboygan clothing store finding new ways to connect with shoppers during COVID-19
SHEBOYGAN - When one of Dana Dunton's customers told her she wanted to buy more items from her downtown Sheboygan clothing store, but really needed to go through her closet, Dunton did something she doesn't normally do.
They started doing 30-minute video chats to help sort through her wardrobe and make smart choices about what to keep and what items could go.
Last week, they went through short-sleeved shirts together. They found four similar shirts, and Dunton advised to keep two and get rid of two.
That is just one example of how Dunton is using creative ways to stay connected with her customers who can't make their usual trips into the store right now.
When Dunton opened Mainstream Boutique in downtown Sheboygan last year, she said it was the most successful franchise opening in company history.
It was so successful that when it came time to set sales goals for 2020, she set goals that she didn't expect to reach for another few years. All through January and February, she was on track to meet those goals.
But then March rolled around and brought a pandemic with it.
Before Gov. Tony Evers' first safer-at-home order, Mainstream Boutique had to cut back on hours because traffic in the store decreased, but now with the store completely closed Dunton uses new ways to keep people connected with her merchandise.
Throughout this, Dunton is drawing on a lesson she learned from her father and grandfather: you may not be able to control the events around you, but you can control how you react to them.
Dunton is choosing to make her reaction a positive one by asking herself, "What can we do with what is available?"
With social media at her and many others' fingertips, she's utilizing that to replace foot traffic in her store.
Dunton regularly posts photos of herself on Facebook modeling items available for purchase, but every few days she also does a live video on her page where she goes over the details of a few new items, styling options and sizing recommendations.
Even though Dunton did Facebook Live videos before, the purpose of them has changed. Before, they were a way to show people what was in the store so they could come in and shop, but now the live videos are the shopping.
Since Dunton has three children younger than 10 who are now doing school from home, her husband normally helps her record her live videos in the evening after the kids go to bed.
As Dunton is showing everything from a white denim jacket to camo print khakis, comments are coming in with order requests.
Orders can be shipped, or Dunton offers porch drop-offs to people within the county.
"In the month of April, my kids have come along and we've spent over 15 hours making deliveries within Sheboygan County," she said.
Dunton has been met with support throughout the community.
She said even people who have never shopped in the store before have told her: "We just don't want you to go away. Here are some ideas I've thought of that could help you."
Dunton has four part-time stylists who have been volunteering their time to help her since she is putting so much time into the social media aspect of the business. She hopes to be able to repay them for their "kindness and generosity" when things are up and running like normal again.
Reach AnnMarie Hilton at firstname.lastname@example.org or 920-242-3032. Follow her on Twitter at @hilton_annmarie.
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- Sheboygan County only gets two new cases of coronavirus amid statewide spike
- Plymouth Lions Club delivers soup to Aurora Health Center workers amid COVID-19


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After an economic slump in January 2022, Michigan retail sales have risen in February with more growth expected this coming spring.
According to the US Census Bureau’s Advance Monthly Sales report released in March, US retail and food services sales receipts were estimated at “$658.1 billion, an increase of 0.3 percent (±0.5 percent) from the previous month, and 17.6 percent (±0.9 percent) above February 2021.”
For the December 2021 through February 2022 period, total sales were “up 16.0 percent (±0.7 percent) from the same period a year ago.”
While gasoline station sales were up 36.4 percent (±1.8 percent) from February 2021, food services and drinking places were up 33.0 percent (±4.6 percent) from last year. Retail trade sales were virtually unchanged (±0.4 percent) from January 2022, but up 15.9 percent (±0.7 percent) above last year.
The national growth in retail sales is reflected in Michigan as well.
In March 2022, The Michigan Retail Association (MRA) reported that their Retail Index survey increased from 58.4 in January to 74.1 in February. The Index is a 100-point scale measuring the retail industry across the state, and values above 50 usually illustrate positive economic activity.
The February Retail Index, according to the MRA, is “strong indication for high sales activity in the next three months.”
The MRA reports “seventy-seven percent (77%) of retailers predict their sales will continue to rise through May, but 10% said they expect their sales to decline.” Thirteen percent (13%) expect no change.
“With a slower start to 2022 than preferred, it’s nice to see this rebound take place before spring,” noted William J. Hallan, President and CEO of the Michigan Retailers Association. “With the upcoming warmth and seasonal change, we hope to see Michigan shoppers come out of hibernation and visit local retailers.This early bounce-back could be an indication for a strong spring season in whole.”


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This Is the Future of Fashion and Formula One
Though it's nearing its 75th anniversary, something's always hindered Formula One from reaching its full potential. Lavish, exciting, and ripe with drama, the sport has every trait of a global sensation. Yet until recently, it has remained planted in a fairly niche corner of the sporting world, particularly in America. Now, with upgraded partnerships, a new all-female academy, booming audience numbers, and its own wildly successful television series, Formula One's best chance at breaking out of that bubble and into the zeitgeist is here. Whether or not the powers that be will take advantage of it—properly that is—is up to them.
The success of Netflix's docuseries Drive to Survive in conjunction with the rise of F1 content creators and a highly controversial 2021 season have, together, brought the sport into its most successful era yet, with race attendance and TV audiences alike surpassing metrics beyond anything in the history books. (According to F1, the sport's cumulative TV audience reached a shocking 1.5 billion in 2021.) But it's not just racing that's getting people, both in the sporting world and outside of it, talking. In actuality, some of the most noteworthy discussions circling around F1 right now are those taking place in what many would consider a far-off industry: fashion.
Photo:Jared C. Tilton/Getty Images
Photo:CLIVE MASON/FORMULA 1/GETTY IMAGES
Like the sport as a whole, the style and culture surrounding F1 are gaining significant momentum, with drivers such as Daniel Ricciardo attending the 2023 Met Gala with Thom Browne and Lewis Hamilton—who is arguably the greatest driver in F1 history as well as an icon in the world of fashion—turning paddock entries into his own personal runways. (To stay up to date with his ever-revolving wardrobe, follow @hamazinglew on Instagram.) Drivers such as Zhou Guanyu, Charles Leclerc, and Pierre Gasly regularly attend fashion weeks in Paris and Milan, and Lando Norris, Max Verstappen, and Carlos Sainz have all graced the glossy covers of fashion magazines like Vanity Fair and GQ. Once only distinguished by their helmets and appreciated for their skills behind the wheel, today's drivers are now being given the opportunity to get out of the car and express themselves in real ways, oftentimes with the help of fashion brands looking to get into the sport.
Following the leads of longtime players Puma and Tommy Hilfiger as well as luxury timepiece makers Rolex and TAG Heuer are fashion brands such as Amiri, P448, Rhude, and Balenciaga on the aspirational side and PacSun and Abercrombie & Fitch on the affordable one—all of which have released commercially successful collaborations with teams on the F1 grid. "For fashion brands, [collaborating with F1 means] more eyes from an evolving sport that's flooded with young, aspirational fans, sometimes with high purchasing power," says Manvi Mittal, a fashion publicist at Small Girls PR and a creator and podcast host for the social media platform Females in Motorsport.
In 2021, F1's oldest and most renowned team, Scuderia Ferrari, diversified its revenue streams and widened its reach by launching a high-end fashion line with a debut runway show located on the car-factory floor of the brand's headquarters in Maranello during Milan Fashion Week. "The Ferrari fashion collection, since its launch, expresses the competitive drive and constant evolution of Ferrari's heritage of innovation, reinterpreted and reprojected to suit the expectations of the contemporary world through its debut in one of the most influential and strategic sectors of the world economy," the brand's creative director, Rocco Iannone, told Who What Wear last year. Iannone, and Ferrari by extension, recognizes the value that fashion brings to a business that previously was centered exclusively around luxury cars. By branching into fashion, Ferrari is making its intentions clear: It doesn't want to be boxed in—the goal is to have a place in every part of its customers' lives in the same manner that fashion brands do. "Ferrari is naturally a lifestyle brand," Iannone said.
But as a luxury fashion brand with prices that content creator Mikaela Kostaras—an F1 content creator who goes by @shelovesformula1 online—described as "outside of her tax bracket" in a TikTok, Ferrari's in-house label can only reach so many people. That's why the latest fashion–F1 partnership to rock the sport is so significant to the two industries' future alliance. Ahead of the second-ever Miami Grand Prix earlier this month, German sportswear and fashion brand Puma made a historic announcement regarding its longtime partnership with the sport, which began in the 1980s. Starting in 2024, it will be doubling down on its relationship with motorsport to become the official supplier of F1 merchandise at races. But that's not all. "Puma will also ... create Formula One fanwear that targets the sport's different audiences with exciting lifestyle and motorsport collections," the press release states. In other words, in addition to selling traditional merchandise to fans attending races around the world (from Las Vegas to Abu Dhabi to Monaco) and designing equipment for F1's 10 teams, Puma will soon be in a position to act as a bridge between the sport and the fashion world.
"Given the cultural relevancy of F1, particularly its connection to streetwear and fashion, we feel it's a perfect match," says Puma Chief Brand Officer Adam Petrick following a press conference and panel in Miami. For Petrick, one of the main draws of the partnership is F1's potential to surpass just sport and become a major part of today's cultural landscape, which includes fashion. In order to capitalize on that, he doesn't want to focus only on existing fans. Instead, he hopes that with more freedom to experiment and access everything F1 has to offer, Puma will be able to connect fans with "young streetwear consumers that take cues from the on-track look as stylistic inspiration," he says. "We've seen such a growing influence of motorsport trends on streetwear and fashion—from the actual footwear silhouettes to the branding and team logos on everyday wear."
Motorsport's influence over trends has been consistently growing over the last few years, with the motorcore trend seeing labels like Stella McCartney, GCDS, Chanel, and Dior featuring racing suits, helmets, gloves, and more in recent runway collections. There's also a rising interest in vintage F1 merch on resale sites like Grailed, eBay, and Poshmark. "We believe we can tap into this existing momentum while also defining new looks—new shapes and silhouettes that are relevant to sportswear audiences," Petrick says. As an influential label in the fashion world—with a strong presence during fashion week and celebrity ambassadors like Dua Lipa, Cara Delevingne, and Dixie D'Amelio—Petrick believes that Puma is in the perfect position to authentically and wholly introduce Formula One to the fashion community and all those who follow it.
June Ambrose, PUMA's women's hoops creative director and a longtime disruptor in the fashion industry, is just the person to stage the effort. We chatted with her in the paddock after the panel she sat on with Petrick, former W Series driver and F1 commentator Naomi Schiff, and Roc Nation's Emory Jones, and Ambrose expressed the importance of F1 embracing streetwear culture and the fashion world rather than solely focusing its efforts on existing fans and people who are already interested in racing. The sport, after all, has always had a loyal following—that's not going to change. The goal, in her mind, is to build out F1's reach, welcoming new consumers who, in the past, would have never thought to engage with the sport or didn't believe there was a spot for them in it. "Once they start to immerse themselves [in fashion and culture] and move away a little bit from the track, [it will start to] show that [F1] is a lifestyle brand that's on its way somewhere—not just to the track but to a red carpet or a luxury event," she says. In Ambrose's mind, only then will Formula One break into the culture in a real way.
The most significant opportunity that Puma's partnership with F1 brings to the sport, though, is this: women. "We believe that bringing our existing female audience to the world of F1 is one of the important roles we can plan to support our new partnership," she says. "We have already leveraged relationships with female designers and content creators around the sport many times, and we will continue to do so." Ambrose is especially passionate about spotlighting and catering to female consumers, fans, creators, and drivers in the world of motorsport—all of whom have, for the majority of F1's almost 75-year history, been left out of the conversation.
One way she's moving the needle is by finding ambassadors—female ambassadors—who can have a foot in both F1 and fashion and, in turn, carry the conversations surrounding the two entities into a more inclusive future. "Who are those arbiters, ambassadors, and lifestyle icons that you connect to the brand? That's what is going to make the difference," she says. "What are we influenced by? It's not just the sport, and it's not just the cars." Lewis Hamilton has proven time and again that straddling the fashion and sporting worlds is no impossible feat. But he can't be the only one, says Ambrose, and with her position as the creative head of a brand as influential in both fashion and motorsport as Puma is, she believes it's her duty to find women who will dare to push the boundaries in fashion and express themselves fully, no matter who questions them, and force the sport to accept outside perspectives. "We need that female driver that's going to carry the conversation like Lewis did," she says. "Who's that going to be?"
Many believe Schiff will be the one to take on the job, so it's no wonder that Ambrose tapped her for her just-launched collaboration with Scuderia Ferrari and Puma. The racing team initially approached the designer to produce a menswear collection, but she refused, stating that she'd only move forward with the partnership if she could design elevated, style-forward pieces for women, shot on women who are involved with racing as well as various other aspects of culture, like music and fashion. (Schiff was joined by Isa Hernáez, a fashion influencer and podcaster and the partner of Ferrari driver Carlos Sainz and "Gyal Kingdom" musician Hera.) "I really wanted to focus on [creating something that was] for us and by us," Ambrose explains. "It's not just girls wearing a boy's jacket or us wearing merch pieces. I wanted it to be something that was commercial but still had [a level of] aspiration [to it] that also really felt like it was cut for a woman's body. Every piece makes us feel empowered, sexy, included, and seen, and I think that narrative in this space is going to go a long way."
Already, the collection has sold out many of its pieces once and been restocked, proving that women want to be catered to in the F1 space and are willing to spend the money necessary to get it. Let's not forget, after all, that the global women's apparel market is by far the most dominant. In fact, according to Statista, it's double that of men's and children's apparel—combined—making it more than just a smart move culturally for the motorsport world, in partnership with fashion brands, to get in on the action and finally begin meeting the needs of female consumers.
Shop the Puma x Scuderia Ferrari x June Ambrose collection:
"I want to be able to walk into a store and find an F1 T-shirt I like that is made with not only my body type in mind but also the millions of other women who dedicate so much of their lives to this sport," Mittal says. And she has reason to believe that Females In Motorsport's 57,000 Instagram followers agree. According to her, producing apparel and merch for women goes hand in hand with brands and F1 alike needing to provide more support to female drivers, specifically those in F1 Academy, the all-women racing series put on by F1 that kicked off its debut season this year. "Sponsorships are incredibly challenging for a sport like F1, but especially for women, as [it] is still largely dominated by and catered to men," she says. According to Mittal, young fans have a shifted perspective compared to older ones, with one of their primary goals being to push for more substantial support for female drivers. "Now is the time to be a mover and shaker for women in the sport," she says. In her opinion, signs of solidarity from brands would make a world of difference to F1's new and fast-growing troupe of female fans and result in significant support—financial support especially—from female consumers.
Of course, Formula One isn't exactly in need of cash. As we said, the sport has, from the very beginning, been centered around luxury, with races located in some of the most exclusive and expensive places in the world. That said, F1 has never been known to turn down a money-making venture, and partnering with the fashion industry, another of the world's most grandiose industries, is one such way to bring in new revenue. Even better, it's one that can skyrocket the sport's reputation on a global scale. But if it wants to really take advantage of the chance, it has to first diversify its audience.
Gatekeeping F1 is not an option, and brands like Puma are smart to recognize that. "Puma is really focused on performance, sports, inclusivity, and pushing the conversation forward, forever faster, and making sure that they tap into communities that have not necessarily been seen [before] or are underserved," Ambrose says. With a collaboration like this one that puts tenfold more power into Puma's hands, the brand has an opportunity to take the sport into a more progressive and commercially successful future that sees it thrive not just in the racing world but also in popular culture. It's then that F1 might finally reach its full potential.
Shop more Formula One merch:
Next up: I'm an F1-Obsessed Fashion Editor—Here's Everything I Wore to the Miami GP
Opening image: Pascal Rondeau/Getty Images; Jared C. Tilton/Getty Images; Joe Schildhorn/BFA.com; Ferrari; @emrata
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A new plaintiff is emerging as a potential key player in a case pitting cryptocurrency startup Coinbase versus the IRS.
Coinbase has an extra month to file its appeal arguments in a legal dispute tied to the now-defunct cryptocurrency exchange Cryptsy.
The Internal Revenue Service is seeking a narrower focus in its investigation of digital currency startup Coinbase.
Digital asset exchange GDAX is moving to issue refunds after a stunning flash crash last week stoked anger amongst affected traders.
A new wave of decentralized cryptocurrency exchanges that exist almost entirely on a blockchain could do away with middlemen.
Coinbase is appealing a court decision from earlier this month in a lawsuit filed on behalf of customers of Cryptsy.
Black hat hackers are asking for bitcoin. White hat hackers, at the behest of clients need to pay up. But Coinbase is kicking the 'good guys' out.
A legal dispute between the now-defunct cryptocurrency exchange Cryptsy and its former users is ensnaring one of the industry's largest startups.
Western Union could soon be sending people's funds via an integration with Coinbase, the remittance firm's CTO has revealed.
Congress wants answers from the Internal Revenue Service about its investigation into bitcoin tax avoidance – and they’re due by next week.


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“Stay the course” is the message a panel of leading clean vehicle developers, users and regulators delivered Tuesday in the wake of the Trump Administration’s plan to roll back tough fuel economy and emissions regulations developed under former President Barak Obama.
Speakers at a “global trends” panel – representatives of UPS, Navistar, Cummins, Honda and the California Air Resources Board – repeatedly said that they would prefer the single national emissions standard promulgated under the previous administration remains in effect. The discussion took place at the 2018 ACT Expo green transport conference in Long Beach, Calif.
California and 16 other states announced just before the panel began that they have jointly sued the federal Environmental Protection Agency over EPA Administrator Scott Pruett’s decision to roll back standards for vehicles built from 2022 through 2025 on the basis that they are too difficult for automakers to achieve.
The decision is not yet final.
One effect of a rollback would be to “arbitrarily and capriciously” cancel an agreement California and the environmental agency hashed out several years ago to harmonize their emissions standards so car and truck makers wouldn’t have to deal with two conflicting sets of rules.
Federal law allows California to set its own air quality standards if they are tougher than federal standards. It also permits other states to adopt California’s standards. So far, 13 states and the District of Columbia have done so. The so-called California emissions states are Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington.
In the suit, the states claim the EPA acted “arbitrarily and capriciously” in deciding to weaken the existing standards.
Panelists at the ACT Expo event said they would prefer a single standard for both emissions and fuel efficiency. The consensus seemed to be that Pruett’s reversal of course wouldn’t hold up.
“We have invested millions and we continue to invest” in clean technologies aimed at meeting the Obama-era standards, said Steve Gilligan, vice president of product marketing for Navistar.
“We assume we will stay the course,” he said.
California intends to pursue air quality regulation as if the Obama-era rules remain in place, said Annalisa Bevan, assistant chief of the state air board’s automotive emissions compliance division. The EPA administrator’s decision “takes us off course and we need a clear vision and direction [and] it’s disastrous to get off that course,” she said.
Bevans’ reading of California Air Resources Board Chair Mary Nichol’s comments on the lawsuit drew enthusiastic applause from an audience made up largely of trucking company and truck and engine manufacturing executives and clean truck technology and fuel developers.
Nichols said Pruett’s decision to roll back emissions and fuel efficiency standards made “a mockery” of the EPA decision process, was not evidence-based, heralded “destruction of the one-plan” agreement between California and the EPA and “wiped away years of analysis with the stroke of a pen.”
Having to comply with more than one set of rules “adds complexity and costs and drives uncertainty,” said Julie Furber, executive director of electrification at truck engine development giant Cummins Inc.
“Absolutely,” added James Burrell, assistant vice president of American Honda’s advanced powertrain group.
The states that have adopted California rules represent close to half of Honda’s U.S. sales, he said, adding that car companies need a single standard in order to determine which technologies to pursue and to keep a lid on development costs, which are passed through to customers.
While the immediate effect of the EPA decision will hit the passenger car industry first, the truck industry is regulated by the same agencies and ultimately is affected by what happens on the automotive front.
As a major consumer of the clean emissions products truck and engine manufacturers put into the market, UPS wants the consistency that comes with a single, 50-state emissions and fuel economy standard, said Tamara Baker, chief sustainability officer and vice president of environmental affairs for the delivery industry giant.
The suit and possible repercussions of the EPA rollback plan weren’t the only topic the panel tackled:
• Panel members agreed that there is not yet a consensus on which technology or technologies will be best for a low and no-emissions future for the trucking industry. “We have to explore, test, fail sometimes and move on,” Baker said, adding that while costly and time consuming, the process is seen by UPS as necessary to achieve needed improvements.
• Online purchasing is driving a huge increase in the demand for trucking, and younger people – prime online shoppers – are flocking back to city centers. The confluence creates more need for clean emissions technologies to minimize the impact of delivery vehicle trips. “Developing clean solutions for our customers” is a “passion project” at Cummins, Furber said.
• Increasing truck safety, with active and passive systems including those that can do some of the driver’s behind-the-wheel tasks – such as lane centering and vehicle following – is critical and will be an area that drives truck design and development, said Navistar’s Gilligan.
• While regulation is a big driver of technology advances, it is not all driven by rules. “We get inquiries from our largest customers constantly about doing their deliveries with low and zero emission vehicles,” Baker said.


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Paradigm Logistics offered the Egyptian Transport and Trade Service (ETRS) an opportunity to partner / integrate into the transport and logistics company Ostool Transportation Company.
Paradigm Logistics owns a majority stake in Ostool Transportation Company, which is regarded as a leading company in ground transportation, freight and unloading, storage, management and trade of logistics in Egypt.
A source exclusively told Daily News Egypt that the deal is expected to be worth around EGP 1 billion.
ETRS will acquire 100% of Paradigm’s stake in Ostool by issuing new shares in favor of Paradigm at a fair value determined by a financial advisor.
Pharos Research finds that Paradigm Logistics values ETRS at an average fair value of EGP 14.7 / share, resulting in a market value of EGP 460 million. ETRS has a current market capitalization of 395 million EGP.
This valuation is increased by approximately 32% compared to the weighted average prices over six months and implies a valuation difference of 16.4% compared to the current market capitalization.
Meanwhile, Paradigm Logistics rates Ostool at 395-640m EGP, or 1.1-1.4x the value of ETRS.
According to estimates by Pharos Research, and based on the mentioned / proposed valuations, if ETRS were to acquire Ostool, it would have to issue between 27 and 43 million new shares, representing a 46 to 58% stake. This is accompanied by a mixed valuation of around EGP 855-1,100 million, resulting in a post-trade FV of EGP 14.70.
Pharos Research added that, based on the proposed valuations, the transaction has 2 possible scenarios.
The former would see an end of Ostool’s lower valuation with ETRS, resulting in 27 million new shares issued to Paradigm Logistics. This involves a total number of 58 million post-acquisition shares, with Paradigm to acquire a 46% stake in ETRS. This scenario would result in a mixed valuation of EGP 855 million and result in a FV per ETRS share of EGP 14.70.
The second scenario would see the end of Ostool’s top valuation with ETRS, resulting in a new number of issued shares equivalent to 43 million shares at Paradigm Logistics Ltd.
This would imply a total number of 75 million shares after the acquisition and Paradigm acquires 58% stake in ETRS. This scenario will likely result in a mixed valuation of 1,100 million EGP and result in a FV per ETRS share of 14.70 EGP.
The FV reached in both scenarios of EGP 14.70 / share shows that the transaction will not have a dilutive effect on the current shareholder. However, the advantage of this transaction lies in the expansion of activities at local and regional level, which will provide better exposure to the market.


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Job creation potential must be nurtured
Buying local will strengthen our economy
In the year 1999, just before the dawn of the new millennium, ordinary township folks woke up to the news that a child was born and named Loxion Kulca.
The brand that every Tom, Dick and Harry embraced was launched to bring township style to their hood as a form of celebrating loxion style. People bought to the idea, their fashion sense relate harmoniously to their culture...
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Lemonade House Grill
Lemonade House Grille recently held a ribbon cutting with the Edmond Area Chamber of Commerce to celebrate the grand opening of their Edmond location at 1444 North Kelly, just north of Danforth.
Lemonade House Grille has been a family-oriented company since they started in 2015. The Edmond location is the first in Oklahoma and offers 20 different lemonades, squeezed fresh every day. The restaurant also offers 20 different handcrafted burger options, made from quality US raised beef, as well as street tacos, specialty hot dogs, fresh-cut fries and appetizers.
For more information, visit www.lemonadehousegrill.com.


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To download the latest issue
Nov 20th, 2012
Smartphones open door for consumer MEMS market
Accelerometers, gyroscopes and magnetometers are seeing growing adoption among smartphones, and demand for the MEMS sensors has risen substantially as the smartphone market expands.
Commenting on the next mainstream MEMS components for smartphones and other mass-market applications, Mark Winter, senior director for the Qualcomm Tricorder X Prize and the Nokia Sensing X Challenge, indicated that the longevity of end-market devices will become very important for the design of MEMS sensors. Personalization is another area that should be focused upon as mobile connected devices will be more relevant to individuals and address human needs of the consumer, according to Winter.
More MEMS news


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Germany and Japan face some common challenges as they try to maintain growth amid the global financial crisis, veteran journalists from German media organizations told a recent symposium in Tokyo.
While Germany expects to be hit much harder than Japan by the turmoil, the two economies have similar underlying problems that threaten their long-term competitiveness, including demographic changes that could hurt their technological edge, the journalists said.
The five German journalists were speaking at the Oct. 10 symposium organized by Keizai Koho Center under the theme, “Challenges for corporations to achieve sustainable growth,” after a weeklong visit to Japan for exchanges with business people, government officials and academics. They were joined by Hiromasa Kubo, a professor at the Graduate School of Economics at Kobe University, who served as moderator of the discussions.
What do corporations need to do to achieve growth for the future? The answer is simple — earn profits by making products that meet customers’ needs, said Hans-Georg Schroeter, an economics editor and reporter at Frankfurter Rundschau.
Schroeter cited the examples of German auto giant Volkswagen and Robert Bosch GmbH, the world’s largest automobile component supplier, in discussing how companies do that just as consumer demands change in light of the closely linked issues of climate change and rising energy demand/prices.
Volkswagen and Bosch consider climate protection and energy as key aspects of their competitiveness and innovative capabilities, the journalist said. As governments tighten regulations on vehicle pollutants and consumers look at environmental features of products when they buy, a company’s growth hinges on whether it can offer “appropriate products at the appropriate time,” he said.
Volkswagen’s earlier attempts at hybrid and ultra fuel-efficient cars taught the automaker an important lesson — that any energy-saving technology must be affordable for consumers, Schroeter said.
The automaker has also learned that it needs a partner to invest in technologies for its growth, he said. Earlier this year, the company agreed with Japan’s Sanyo Electric Co. to jointly develop next-generation lithium-ion battery systems for hybrid vehicles.
Bosch has established a joint venture with a unit of South Korea’s Samsung group for the development of fuel cells for electric vehicles, Schroeter said. It is also trying to expand the group’s portfolio to cover renewable energies like wind power and solar panels, he added.
Such efforts require huge spending on research and development, with Bosch investing about 7.7 percent of its sales on R&D, Schroeter said.
And this is where many German and Japanese firms face the common challenge — how to secure enough engineering manpower to maintain their technological edge amid demographic changes, Schroeter told the audience.
As populations in many industrial nations shrink due to falling birthrates, companies need to secure next-generation engineers and other experts, he pointed out.
To meet the challenge, Volkswagen has tried to hire female and immigrant workers as engineering talent, he said.
Just as Volkswagen and Bosch look to emerging markets as the major source of their future growth in sales, they also turn to them as human resources suppliers, according to Schroeter. Of the 5,500 engineers hired by Bosch last year, 800 came from China and 1,500 were from India, and the company is also looking to sharply increase the number of employees in managerial positions hired in those emerging economies, he said.
Anna Marohn, an editor at Die Zeit weekly, also pointed to the similar challenges facing Japan and Germany due to their similar economic structures — of trying to maintain competitiveness through technological innovations to overcome disadvantages in manpower costs.
The Japanese and German economies are also known for their heavy dependence on small and medium-size firms, which account for more than 95 percent of companies in each country, she said.
And here again, many small but technologically powerful companies in Japan and Germany seem to face similar problems — family-based firms having difficulties finding successors, Marohn said, adding that changes to the inheritance tax regimes may be one way of easing the difficulties.
Quoting the words of the manager of a motor racing parts supplier to Toyota Motor Corp. that the journalists visited during their visit, Marohn cited shortages in engineers, caused by changes in conventional employment patterns in Japanese manufacturers, where engineers tended to stay with a single employer for their entire career.
To address this problem, Japanese as well as German firms may need to pay more attention to what they can do for their employees — rather than just what they expect from their workers, she said.


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At the end of recently, BSkyB demoed might well end up being a large portion of the potential of sports transmitting: the transmission regarding sporting events within 3D.
The technique, which can be currently becoming developed, uses the ordinary Sky+ container to decode the 2 separate images required to create the 3d effect. Users then simply view the display by way of a pair regarding 3D glasses.
Skies has already examined the technology from live sports events including Ricky Hatton’s victory over Juan Lazcano and Liverpool’s Champions League face with Marseille from Anfield in Nov of last year.
3D technology features already been used in Hollywood, which has a number of videos being filmed in addition to released in 3D. Several have predicted of which 3D HD television set will be the next logical help the development of broadcasting.
https://royaltv01.com/ of to be able to use their particular current satellite recipient, users will end up being forced to upgrade their television pieces. Nevertheless , manufacturers think that new 3D IMAGES TVs will expense only a normal HD-ready plasma set.
The 3D television set that BSkyB used in it is demonstration at its headquarters in Osterley, London, currently retails at over ï¿½2, 000, but experts have predicted of which the price of the technology will drop significantly, especially if it demonstrates popular.
The English broadcaster described ‘Sky+ 3D’ as “a vision of the future” as the service continues to produce the system, which might involve Sky having to use conform or upgrade their very own cameras for 3D IMAGES at live occasions.
“From our viewpoint this is simply the next level of our development plan following upon from Sky+, from HD and today to 3D will be the way many of us see things might go in the particular future, ” mentioned BSkyB’s Head involving Product, Design and even Innovation, Brian Lenz.
“What we’re looking at today is firstly that we all will go through successfully, and many of us think we could do it and from a quality level that will makes it interesting to begin to be able to look at whether there is a great appetite because of it coming from the consumer. inch
The implementation involving 3D TV inside viewers’ homes is usually clearly still a long time away, however as Sky have demonstrated from the trials, seeing your favourite crew in three proportions from the comfort of typically the sofa may well be the everyday occurrence within the fairly near future.


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U.S. Chamber CEO: Bring more jobs to Alabama
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- Jimmy DeButts
Legislative uncertainty is keeping many business owners on the hiring sidelines as Congress debates heath care, union membership, climate change and financial industry bills, according to U.S. Chamber of Commerce CEO Tom Donohue.
Donohue, speaking Friday at the Harbert Center, told the combined annual meetings of the Business Council of Alabama and the Chamber of Commerce Association of Alabama that CEOs are reluctant to begin hiring until they know the costs if those bills become law. He was in Birmingham to promote the U.S. Chamber’s national publicity blitz for its 20 million job challenge.
The U.S. chamber is partnering with its state and local affiliates to promote the free enterprise system and its 20 million new job creation goal over the next decade. Business and chamber leaders are targeting up to 300,000 new jobs in Alabama in the next 10 years.
A significant portion of job creation can come from exporting American goods, Donohue said. The chamber will push for the doubling of U.S. exports over the next five years, he said, and free trade agreements are critical to that effort. Alabama Gov. Bob Riley said the state’s economy has grown and relies heavily on trade with countries such as Colombia.
A free trade agreement with Colombia has stalled in Congress and Donohue is pushing for that and deals with South Korea and Panama. He said the global economy won’t slow its growth through trade if the United States becomes an isolationist state.
“The rest of the world will continue on,” Donohue said.
Donohue cautioned against overregulation, particularly in the capital markets. Access to capital is critical for the nation’s economic recovery, he said.
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Perodua is making its maiden export of the recently launched New Perodua Myvi 1.3 litre model to Mauritius as part of its efforts to boost overseas sales.
A total of 22 units of the New Perodua Myvi are already on Mauritian shores.
Perodua Managing Director, Datuk Aminar Rashid Salleh said the national car company will increase its export sales to 20,000 units by 2015 from an expected 8,000 units this year.
“This plan, which is a part of our 5-year strategic road map, involves increasing the export volume to our existing markets; while at the same time exploring to new right-hand drive markets that has similar standards as Malaysia,” he said at the launch of the New Perodua Myvi 1.3 model in the Mauritian capital here today.
The New Perodua Myvi was launched by Deputy Prime Minister of Mauritius, the Honourable Dr. Ahmed Rashid Beebeejaun.
Other attendees include Mr. Mohamad Nizan Mohamad, Malaysian Charge d’Affairs to Mauritius; Mrs. Norhaliza Halid, Trade Commissioner from Malaysian Trade Development Corporation (MATRADE); Mr. Mazhaidy Mazlan, Director of Tourism Malaysia; and Mr. Raouf Dusmohamud, Managing Director of Rauf Dusmohamud and Co Ltd – Perodua distributor to Mauritius.
Aminar said that Mauritius was a thriving market and expect Perodua’s overall sales performance in that country to grow by 67% to 200 units in 2012 from 120 units expected this year.
He added that Mauritius was an important market for Perodua as the country offers an international platform for Perodua to showcase its products to the world as it is one of the world’s famous tourists destination.
“With this exposure, we are able to sample and subsequently understand the world’s perception towards our vehicles and brand,” Aminar said.
Since 1996, Rauf Dusmohamud and Co Ltd, has sold a total of 1,227 Perodua vehicles in Mauritius ranging from the Kancil, Rusa, Kenari, Kelisa, Myvi and ViVA.
The New Perodua Myvi launched today consists of 4 variants – AT and MT, as well as Standard and Premium variants. This model comes in 6 colours: Mystical Purple, Ebony Black, Metallic Grey, Glittering Silver, Pearl White and Ivory white.


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Tuesday, March 17, 2015
Mark Knopfler’s eighth studio album, Tracker, is out now worldwide.
Tracker is available physically in the MarkKnopfler.com Store on CD, double vinyl, deluxe CD with four bonus tracks, and a limited edition box set that will include the album on both CD and vinyl with a bonus CD featuring six extra tracks, a DVD with an exclusive short film directed by Henrik Hansen and an interview with Mark where he talks about the new record.
Tracker can also be purchased digitally through iTunes.
Tuesday, March 10, 2015
The Honky Tonk Demos feature four songs that were part of the original demo tape Dire Straits recorded in July 1977 at London’s Pathway Studios. These four songs made their way to the desk of legendary BBC London DJ Charlie Gillett. On July 31, 1977 Gillett played the version of “Sultans Of Swing” here on his Honky Tonk radio show that led to the group being signed to Phonogram soon after.
With three tracks previously unreleased, this double pack, mastered for vinyl at Bernie Grundman’s, is a true piece of history. The Honky Tonk Demos is a tribute to the early artistry of Dire Straits and the remarkable musical passion of DJ Gillett, who left us five years ago in March 2010.
The Honky Tonk Demos will be available on vinyl for Record Store Day 2015 which falls on Saturday, April 18.
Wednesday, March 4, 2015
The Mark Knopfler cover issue of Guitarist goes on sale Friday March 6. You can buy it from WHSmith and most major supermarkets and newsagents or it can be ordered online as a single issue from My Favourite Magazines.
Monday, March 2, 2015
Amazon Music UK is giving away 50 pairs of tickets to an exclusive Mark Knopfler show at Elstree Studios, located just outside London. The performance will take place on Tuesday, May 12 at 6:30PM GMT.
Head to Amazon now to enter to win tickets to this one-of-a-kind gig. The contest closes Monday, March 16 and is open to UK residents only. Good luck!
Wednesday, February 25, 2015
Mark is looking to provide an opportunity for the next generation of directors to create and collaborate with him on a music video for his new track ‘”Wherever I Go” featuring Ruth Moody. Read a message from Mark below on the potential collaboration:
“A creative act so often creates others. It’s often intriguing to find out what happens to my songs after they’ve walked out of the studio and into the world. I’m looking forward to seeing so many different interpretations of “Wherever I Go”.”
To participate, please go to TalentHouse.com.


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Developers GIANTS Software have proved that much like Harvest Moon, and even Farmville, farming is big business, even in games, and the more hardcore the game, the more appeal, so if you said Farming, and management simulator, well that just about takes the biscuit.
Well UIG Entertainment have announced Farming Giant, a new management simulation heading to PC very soon that challenges players to create an agricultural empire across the fertile lands of Europe! Plus, they’ve released a trailer to show the game off!
Farming Giant is scheduled for a released during October 2012 for Windows PC. I’m a bit of a sucker when it comes to management simulations, and farming, so Farming Giant looks like my kind of game, what about you?


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Domestic smart electronics companies like Lava and Qubo are getting high ratings and are competing neck and neck with their global peers in terms of brand acceptance, market analysis firm Techarc said on Sunday.
The firm conducted a study based on ratings received by 25 brands across 35 different product categories on e-commerce platforms Amazon and Flipkart in December.
“In our analysis, we found that of the global counterparts of Lava including brands like Realme and Redmi, the average weighted rating of consumers on ecommerce platforms was 4.3. Against this Lava scored 4.2 which is just touching the industry benchmark,” the report said.
Techarc said that Lava scored a higher proportion of high ratings (4 and 5) at 90.2 per cent compared to the global brands which had 75.8 per cent of its consumer ratings scoring 4 or 5.
The firm picked up Hero group firm Qubo for study in the Internet of Things category. Its 4.1 ratings surpassed the industry average of 4, however, the global counterparts of the company had a higher proportion of 4 and 5 ratings.
In the wearable category, Indian brands were below the industry benchmark compared to their global counterparts brands like Realme, Redmi, OPPO, OnePlus Nord, etc.
“While the industry benchmark of ratings is 4.2, Indian brands Noise and Boult Audio got a rating of 4.1, followed by Boat and PTron at 4.0. Brands including Mivi, Gizmore and Number had an average weighted rating of 3.9 in this category,” the study said.
Among the domestic brands in smart electronics, Lava leads the tally with 4.2 weighted average customer ratings secured on e-commerce platforms followed by Qubo at 4.1, Techarc said.
“There is not a strong correlation, but one can see that brands like Lava and Qubo which have invested in end-to-end product design and development within the country, as much as the technology value chain allows, have secured the top rankings across the domestic smart electronics brand in terms of customer ratings,” the report said.
The firm did not include Apple and Samsung wearables in the study as it believes these brands are for a different cohort of users whereas the Indian brands selling wearables target the mass segment of users. PTI


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KUALA LUMPUR, The 30-day visa exemption for travellers from China and India to Malaysia as announced by Prime Minister Datuk Seri Anwar Ibrahim yesterday, will certainly boost the tourism industry.
Malaysian Association of Tour Agency (MATA) President Datuk Dr Mohd Khalid Harun said the decision will help Malaysia become a preferred destination for tourists from China, India, Jordan and Turkiye.
“MATA welcomes the announcement by Prime Minister Datuk Seri Anwar Ibrahim in stmulating tourism because it will ease the process of arrival for tourists from China, India, Jordan and Turkiye from Dec 1,” he said in a statement tonight.
He said these countries have a large population and a visa-free travel will serve as a welcome booster for deciding to pick Malaysia as their holiday destination. These will translate into a positive attraction for tourists.
“With the exemption of visa, MATA hopes to build on the vast potential and opportunities that such an announcement can provide for the tourism industry. There will be a spillover in the hotel, food and beverage and transport sectors,” he said.
Prime Minister Datuk Seri Anwar Ibrahim had yesterday announced that travellers from China and India can enjoy 30-day visa-free travel to Malaysia starting Dec 1.
The Prime Minister added that visa-free facility to gulf countries such as Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, Iraq, Iran, as well as West Asian countries Turkiye and Jordan was already available and the current announcement was in conjunction with the celebration of 50 years of diplomatic relations with China and extended to India as well.
The exemption is subject to security screening which will be done for all visitors into the country.
Source: BERNAMA News Agency


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Spotify next week will unveil its own podcast subscription program, which won't charge podcasters or take a commission off their subscriptions, The Wall Street Journal reported Friday, citing unnamed people familiar with the matter. The news comes days after competitor option, one that carries a fee -- sometimes referred to as a "tax" -- of as much as 30% from the subscription price each month.
The program will allow podcasters to set their own prices for the subscriptions, the report said, citing one of the unnamed sources. That person added that Spotify listeners who use its iOS app on an Apple device will be routed outside the app to a website to pay for a podcast subscription, which would circumvent Apple's in-app purchase system that takes a cut of the transaction's value.
Spotify didn't immediately respond to a message seeking comment.
Spotify is one of the largest, most outspoken critics of the power Apple wields thanks to the dominance of its App Store and the in-app purchase system there. Apple faces an, largely triggered by Spotify's complaints of Apple's abuse of power. And just this week as he testified before Congress.
In the past, Spotify has argued that Apple's App Store prohibits buttons or links in an iOS app that move users to any other external ways to pay.
Over the past three years, Spotify itself has been on a podcasting binge. Having grown to the biggest music-streaming service worldwide, it targeted its next stage of growth in podcasts -- an area that Apple so dominates that the name of the format originally derived from Apple's iPod. But Spotify's pursuit to becoming a top destination for non-music audio has helped it continue to expand, most recently reporting more than 345 million listeners globally.
Apple has largely neglected the podcast marketplace for years, until its announcement this week that it was launchingat its Tuesday. Paid subscriptions to podcasters in Apple's own standalone podcast app can unlock new content, ad-free listening, early access and other incentives. Apple's paid subscription service is set to be available in 170 countries in May.
Apple will take a 30% commission from a podcast subscription's price every billing cycle in the first year of every individual membership; after the first year, the commission falls to 15%. That's the same fee structure Apple already has in place for apps selling any digital goods or services -- think game gems and streaming-service subscriptions -- with an in-app purchase on an iPhone or iPad.


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June 19, 2006
[Lexington, KY] - Kentucky Governor Ernie Fletcher and Alltech President and Founder Dr. Pearse Lyons announced that global animal health company Alltech will be the title sponsor of the 2010 Federation Equestre Internationale (FEI) Games, a sponsorship valued at $10 million. The Alltech FEI Games(TM) will be held from September 20 - October 3, 2010, at the Kentucky Horse Park in Lexington, Kentucky, USA.
May 5, 2006
[ Lexington , KY ] - The shrimp industry has undergone many changes in the past five years with the impact of food safety issues, the introduction of Penaeus (Litopenaeus) vannamei into Asia and the price pressures on exported shrimp. Alltech is proud to collaborate for the second successive year with the Network of Aquaculture Centers in Asia-Pacific (NACA) to hold its next ?EUR~Shrimp Health Management Training Workshop' for producers and professionals from 24-29 July, 2006 in Thailand.
May 3, 2006
[Lexington, Kentucky] -Global animal health company Alltech plans to give participants at the World Pork Expo a "Guide to Natural Pig Production." Alltech, which has provided natural solutions to the feed and food industries since 1980, will once again host a booth dedicated to pig nutrition at the World Pork Expo in Des Moines, Iowa, June 8-10.? This year's booth will showcase three of Alltech's products: Sel-Plex?, Bioplex? Trace Minerals and Bio-Mos?.
April 24, 2006
[Lexington, Kentucky] - Alltech will attend some of the largest industry trasdeshows in Europe and Asia over the next few months.
April 24, 2006
[Lexington, Kentucky] - Alltech is pleased to announce the appointment of Mr. Cemlyn Martin as general manager for South Asia. Martin has built a distinguished career with Alltech holding several roles with the company throughout the Asia-Pacific region. He joined Alltech in November 1999 as enzymes manager for Asia-Pacific. In 2001, he became general manager for Alltech India, establishing the company's office and sales operations.


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Hotter Shoes "performed strongly" during the first three months of its financial year, achieving a "double-digit increase" in sales.
The Skelmersdale-headquartered company added it has also seen an improvement in its gross margin.
The firm's parent, Unbound Group, was admitted to AIM in February after it demerged from TGI Fridays.
A statement issued to the London Stock Exchange said: "Hotter has performed strongly in Q1, delivering a double-digit increase in revenue against the comparator period last year as well as an improvement in gross margin.
"The company is seeing the benefits of its omnichannel strategy with the performance of the retail estate being especially pleasing.
"The active customer base continues to grow, with Unbound's email database exceeding 1m.
"Hotter has achieved this strong performance despite the macroeconomic backdrop of rising inflation, supply chain challenges and the impact of the Russia / Ukraine conflict.
"The board believes that the outlook for the external environment continues to look challenging for the remainder of this financial year, the performance highlights the strength of the Hotter brand, the resilience of the business model and the ability to adapt at pace.
"The group aims to continue mitigating some of these risks while continuing to grow.
"Costs are being tightly managed with marketing, variable and fixed cost efficiencies being delivered as revenue continues to grow.
"The company believes its ability to manage its cost base, its right-sized omnichannel model and in-house manufacturing give it the capability to adapt to challenging market conditions."
Chief executive Ian Watson added: "I am delighted that the progress we have made in transforming Hotter continues to be translated into improved financial performance.
"The development of the Unbound Group platform is gathering pace and we have secured a number of exciting launch partner brands within footwear and apparel.
"We are engaged in positive discussions with a number of additional potential partners that will further develop our footwear and apparel offer and launch our wellness proposition, to be followed by other target categories in phased implementations.
"We continue to be guided by our unique insight of our consumer base as we curate a range of products specifically for our target audience."


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NEW YORK (dpa-AFX) – US stock markets ended the weak week with significant losses. Disappointing quarterly reports from some tech groups clouded the recently improved investor sentiment on Friday. Stock market volatility remains high – said market expert Jim Reid from Deutsche Bank. to the recently strengthened US dollar and rising oil prices as an expression of increasing uncertainty.
it systematically crumbled in the course of trade and hastened its decline in final trade. Ultimately, there was a decrease by 2.77%. to 32,977.21 points, the lowest level since mid-March. This resulted in a weekly loss of about 2.5 percent for the leading US index. Dow’s balance sheet for the month of April is even gloomier, at about minus 5 percent.
The all-market S&P 500 lost 3.63 percent on Friday. up to 4131.93 points Nasdaq 100 fell by 4.47 percent. to 12,854.80 points, the lowest level in more than a year. The high tech index fell more than 13 percent in April, its worst monthly result since the 2008 financial crisis.
Fresh economic data from the US had little effect on prices. US consumer sentiment did not improve as much as expected in April. The University of Michigan’s Consumer Climate Survey rose 5.8 points to 65.2 points compared with the previous month. US consumer spending increased significantly in March. The labor cost index increased by 1.4 percent quarter on quarter in the first quarter.
Disappointing quarterly report from Amazon caused a drop in prices by over 14 percent. High costs caused the operating profit of the internet trading group to decline by 58%. The outlook for the current quarter was also considered a burden. Analysts successively lowered their price targets, but many of them did not want to overestimate the information in anticipation of a better second half of the year.
Other tech giants like Apple and interview there was a drop in prices of 3.7 percent and 6.9 percent, respectively, due to disappointing outlook. Although the iPhone manufacturer has exceeded expectations in its quarterly report, it has warned of stronger adversities. Apple could lose up to $ 8 billion in sales in the current quarter, mainly due to the Shanghai lockdown. The processor manufacturer Intel was considered a burden, with sales falling in line with the shrinking PC market.
Also outside the tech sector, after quarterly reports on Friday, more and more negative price reactions appeared. Chevron Oil Company Shares were sold 3.2 percent lower despite rising oil prices. At a competitor of ExxonMobil was minus 2.2 percent.
At Colgate-Palmolive there was a price reduction of more than 5 percent. High raw material and transportation costs hampered the work of a consumer goods producer in the first quarter. Honeywell’s shares are traded on the Dow were a positive exception with an increase of 1.9 percent after increased sales and profit prospects.
Tesla shares eventually lost 0.8 percent. after Elon Musk – founder and head of electric car manufacturer – announced that he had no plans to sell Tesla shares further. Musk sold Tesla shares worth $ 8.4 billion last week. In the fall, the richest man in the world already sold Tesla shares for more than $ 16 billion. Musk recently announced a short message service on Twitter want to take over and presented financial commitments of more than 46.5 billion dollars.
After the recent decline, the euro weakened it continued to rise in US trade and was recently traded at $ 1.0547. The European Central Bank set the reference rate at $ 1.0540 (Thursday $ 1.0485). The dollar thus cost 0.9487 (0.9537) euros.
US Treasury bonds continued their recent decline. The T-Note Future recently fell 0.37 percent to 118.92 points. The yield on 10-year government bonds rose to 2.92% / edh/he


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Verizon Hopes LTE ‘Double Cap’ Promotion Eases 3G Congestion – Also Still Experimenting With Consumer Pricing
Last week we noted that Verizon Wireless is running a promotion allowing customers to get double their usual data allotment on capped plans — if they buy a new LTE smartphone and sign a two-year contract. Verizon Communications CFO Fran Shammo told investors last week that the new promotion (which so far doesn’t have a clear end date) is all about nudging users from their EVDO to LTE network, in the process helping ease congestion caused by the EVDO-only iPhone. Shammo also says the move is to help Verizon “understand consumer behavior” so it can further develop an LTE pricing strategy (which so far has consisted of the same strategy they use for EVDO: caps with $10 per GB overages).
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After months, even years of anticipation, the Downtown Memphis Commission made a major announcement about a new business coming to Beale Street. The new shop will occupy an old space that holds a special place in many hearts: Tater Red’s Lucky Mojos, where you could find fun and funky gifts for 30 years.
More permits leading to more movies, people in Jonesboro could have another spot to go see a movie soon as progress is set to start on a new movie theatre that has been in the works for years, but some locals question the legitimacy of the project.
The aim of the rules would be, for the first time, to require airlines to pay compensation beyond a ticket refund and to cover expenses that consumers incur, including rebooking on another flight, if the airline causes a cancellation or significant delay.
Tyson Foods posted a loss in its fiscal second quarter, its first quarterly loss since 2009, and cut its sales forecast as its performance was weighed down by hefty charges related to plant closures and restructuring.


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Magna International Inc. plans to nearly double the size of its manufacturing facility in Trnava, in western Slovakia, to accommodate new automotive interiors business.
The Aurora, Ontario-headquartered auto supplier will expand the facility from around 93,650 square feet to more than 166,840 square feet, Magna announced July 28.
The Trnava plant, which opened in 2006, produces interior parts including door panels, instrument panels and armrests, according to a company news release. The facility employs 400.
Magna operates three manufacturing and assembly plants in Slovakia, with a total of 975 employees, according to its website. Its European operations are based in Vienna, Austria.


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The app now enables power users to jump between various Twitter accounts as well as pin certain accounts or Twitter lists (note: these can be any lists, not just your own) to your Windows 8 home screen. This last feature is particularly useful when you consider that the app promises to update these in real-time.
Twitter also claims to have boosted the speed of the Windows 8 app, which is available for free from the Windows Store. The app, which only launched in March of this year, works on both Windows 8 and Windows RT devices.
Microsoft just announced Build 2013 will take place in San Francisco, June 26-28 at the Moscone Center.
Rumors have already swirled this past week, complete with screenshots and video, of Windows Blue, the codename for the next update version of Windows 8. Among other features, Blue is expected to give users the ability to adjust the size of live tiles (small, medium or large) and other personalization features.
TabTimes columnist Ben Bajarin also reported recently that he expects Blue to be the first version of Windows 8 to support smaller tablet form factors (e.g. 7- and 8-inches).
In a blog post pitch for the conference, Microsoft's Corporate VP and Chief [...]
The native app can now be downloaded for free from the Windows Store, and carries many of the same features Twitter account holders have grown accustomed to.
Users can of course venture between the “Home”, “Connect” and “Me” tabs but there are also some newer tools that seem to be tailor-made for Microsoft’s operating system.
For instance, the Twitter app supports Windows 8’s Search and Share charms, meaning users can easily find friends or share tweets with others, while the “Snap view” option ensures Twitter can run alongside another app to the left or right of the screen.
The app can be pinned to the [...]
Available today via the Windows Store or the Get Your Google Back website, the Google Search Windows RT app mimics the other Windows 8 app by allowing users to search for web results by typing or by using their voice.
There is also the ability to run image searches and to view the recent and full search history, while the Instant Previews mode gives a snapshot of each web page in the search results. Google Search can be opened by using the Search charm from the Charms bar.
The launch of Google’s latest app means that Windows 8 and RT tablet owners will now be able to choose between Google and Bing when looking to browse the Internet.
According to a tweet from apps tracker WinAppUpdate, the Windows Store now stands at 12,895 applications, with the figure suggesting that 2,895 of these have been added in the last eight days.
This comes despite Microsoft publicly claiming that the Windows Store has more apps at launch than any other app store, and would seem to reinforce the view that the firm has a way to go before achieving its target of having 100,000 new apps in the store by the end of January.
“Today's an especially great day to be a developer," said Microsoft's Antoine Leblond, on a Microsoft blog. “We’re very excited to announce the last significant announcement in the rollout of the Windows Store before the general availability of Windows 8 on October 26.”
Prior to this announcement, the store was open for those with company accounts and a small pool of developers but now supports 120 countries across the globe. A full list of Microsoft’s supported markets can be seen here.
Developers who subscribe to the Microsoft Developer Network program will be able to submit apps for free for a year, while this same [...]


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Unlike the Marvel-themed season that revolved around a single massive collaboration, Chapter 2 Season 5 of Fortnite has facilitated a multitude of small collaborations up till now. From Kratos to the Mandalorian, several bounty hunters from different franchises have arrived in the game already. While some of these new skins are a part of this season’s Battle Pass, others were available in the Item Shop for a limited time.
The latest franchise to join forces with Fortnite for the bounty hunter season is Street Fighter. The popular fighting video game series by Capcom is not only its best-selling venture, but has even laid the foundation for the one-on-one fighting game genre.
Epic Games recently announced the arrival of Chun-Li and Ryu in Fortnite, leaving fans in a state of frenzy. The developers even released a trailer where Agent Jonesy kidnapped both the characters from a fight and teleported them to the island.
Chun-Li and Ryu are easily two of the most popular fighting game characters ever. Naturally, their arrival in Fortnite has gained a lot of attention from fans around the world.
ALSO READ- Best Fortnite Live Events Over the Years
Machine Pistol, on Twitter, posted a meme about Fortnite fans claiming that Ryu belongs to their game.
The picture not only portrayed the player as a child but also showcased a fighter thinking of casually annihilating him.
It comes as no surprise that the tweet triggered a lot of Fortnite players. Furthermore, it led to a heated argument amongst fans of both the franchises on Twitter.
A Street Fighter patron further aggravated the matter by making fun of Fortnite players for being easily offended.
On the flip side, a fan talked about how it is unjustified to mock the younger generation for lack of information on Street Fighter. Even though the video game series was huge at its peak, many people are unaware of it currently.
Here are some of the funniest replies by Street Fighter and Fortnite fans.
The back and forth between fans of both the games was hilarious, to say the least. Considering the aforementioned drama around the characters, it wouldn’t be a surprise if Chun-Li and Ryu end up being tremendous hits in the Item Shop. As for now, the Fortnite community looks forward to witnessing more such iconic characters in the game.


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Chinese auction house Alibaba is expanding its US presence by grabbing Auctiva - the Californian firm which makes tools for business users of eBay. Auctiva's listing tools for eBay to make it easier for small firms to run their online auctions. It claims 170,000 active users. The Chinese company said the deal made it the world' …
Makes it easier
Makes it easier to list **** goods from China!
Mines the *fake* one
The Chinese are tunnelling into eBay from below
Alibaba Eats up Ebay a Crumb at a Time
Its happening and I believe before long Aliibaba and its asian connections will either buy or take over Ebay.
Alibaba will eat up Ebay one crumb at a time....Ebay so deserves this!
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SAMSUNG'S WEARABLE Gear Fit and Gear Neo 2 smartwatches are now available in the UK, ahead of the firm's release of the Galaxy S5 smartphone.
That's courtesy of UK retailer Unlocked Mobiles, which got in touch on Tuesday to tell us that it now has stock of both the Samsung Gear Fit and Samsung Gear Neo 2 smartwatch. The online shop has only the black models in stock at present, but it told us that more colours will launch alongside the Samsung Galaxy S5 later this month.
If you're not holding out for an orange wrist strap, the Samsung Gear Fit and Gear Neo 2 can be ordered from Unlocked Mobiles now, with both priced at £179.98.
That's cheaper than UK operator Three will soon be offering, with the network having announced last month that it will offer both wearables for £199.
Both the Samsung Gear Fit and Gear Neo 2 were unveiled at this year's Mobile World Congress (MWC).
The Gear Fit is the "world's first" curved AMOLED wearable device, touting a 1.84in 432x128 resolution display, and is focused all around fitness, boasting a built-in pedometer, heart rate monitor, sleep monitor and stopwatch. The Samsung Gear Fit arrives with IP67 certification, making it resistant to dust and water. The device also comes with Bluetooth 4.0 LE to hook up to a Galaxy smartphone and features a 210mAh battery.
The Samsung Gear Fit Neo is a cheaper alternative to the Samsung Gear 2 that was also unveiled at MWC. It has a 1.63in AMOLED display, a dual-core 1GHz processor and Samsung's Tizen operating system, which the company recently opened up to developers. µ
Next-gen devices enabled by integrating novel materials on silicon
Plus there's a new way to read comics in town
Find out which six games have most impressed us so far this year
Video shows off upcoming handset in Rose Gold compared to iPhone 6S predecessor


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SINGAPORE – Gerard Lechau, Exponential’s commercial director, SEA & North Asia believes the region is moving in the right direction by having open discussions on viewability.
“The situation we’re currently seeing is that the region is a melting pot of different technological maturities,” he added. “But open discussions helps the industry as a whole to get on the same page despite being such a diverse region.”
One such example is Asia’s love for buying cost per click (CPC). As an advertiser, the perception is that the risk falls onto the supply side to perform.
However, Lechau noted that CPC opens up yet another set of issues, much of which is around how clicks can drive tremendous fraud traffic – a concern especially for Asia Pacific countries.
“Against this backdrop, there are pushes to increase resources aimed at combating CPC fraud,” he added. “Continued discussions on these issues will allow us to objectively weigh the pros and cons, and make smarter decisions rather than a one-size-fits-all resolve that one option is always better than the other.”
When it comes to the topic of viewability, according to Lechau there still seem to be diverging views on what it means, despite plenty of time already devoted to a standardised definition.
“In my opinion, the main issue in Asia Pacific will continue to be coming to an agreement on what it means to be ‘viewable’,” he said.
The company’s recently released whitepaper seeks to consolidate industry thoughts on viewability and outlines the ways in which viewability standards can be defined, measured, utilized and ultimately, improved upon.
Lechau clarified that while whitepaper does not draw insights directly from APAC, the relevancy to APAC markets is its distinct trickle effect. The learnings contribute to research interests around viewability, and are likely to be quickly embraced and adapted across APAC regions.
The region is already engaged in its own discussions, with IAB Singapore announcing the launch of an initiative to establish a benchmark for digital ad viewability in Southeast Asia in May.
“The completion of the IAB Viewability whitepaper in September is a move which will deeply impact how we conduct our business in the region moving forward,” said Lechau.
But while definitions and standards are being locked down, Lechau believes the industry may need to invest more time in applying viewability standards into best practices, developing and distributing effective advertising by first focusing on user-engagement with the brand and the content around it.
“After all, knowing that Red Bull has bought the most viewability inventory would not be of concern to consumers, who would rather engage with content that delivers on the brand’s identity of extreme sporting and adrenaline-junky stunts, such as parachute diving from the edge of space,” he added.
Key takeaways from the whitepaper include:
- Not all viewability vendors currently measure your ads in the same way - pick the right accredited vendor based on two things – the quality of their tech and what makes sense for your ads.
- Whilst a decent baseline of viewability makes obvious sense, it quickly becomes apparent that the law of diminishing returns applies when trying to increase viewability upwards of 70 percent and higher. Moving the needle on already-high viewability rates can prove expensive, and will not yield the campaign success that the fundamentals of creative messaging and effective targeting will deliver.


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Digital payments have become must-haves in the retail world as customers have come to expect that their credit card transactions will be processed successfully without false declines, lag time or outage-caused interruptions. The global transaction value for digital payments was estimated at $7.4 trillion last year and is projected to reach $15 trillion by 2027, representing a CAGR of 12%.
Merchants face a wide variety of obstacles in implementing digital payments, however. Payment card services can go offline unexpectedly, for example, or a customer’s contactless payment method can fail to function for no apparent reason. A declined digital payment can lead to an abandoned purchase, especially in online commerce, meaning that any unexpected error can result in losing a customer either temporarily or permanently.
Forfeiting digital payments is not a practical option, so businesses must implement multiple payment gateways to ensure that every payment goes through. This month, PYMNTS Intelligence examines how payments orchestration systems can make the lofty goal of zero downtime a reality.
Potential Hiccups in Payment Processing
Digital payments can become unexpectedly nonfunctional at any moment, and these outages are next to impossible to anticipate or predict. Earlier this year, for example, hundreds of Mastercard credit and debit users throughout the United Kingdom reported having problems using their cards at retailers across a variety of different issuing banks, including HSBC, Monzo and Santander.
Both contactless and chip-and-PIN payments were affected, with some users saying they tried multiple cards and none of them worked. Although Mastercard fixed this problem in a timely matter, it was not quick enough for merchants that lost revenue to customers abandoning purchases because they did not have cash or a working card on hand. A PYMNTS study found that 58% of consumers would purchase less often from a business where a card payment was declined.
Other payment snafus can occur on a geopolitical scale. Russia’s invasion of Ukraine that began earlier this year caused massive worldwide sanctions, including several major companies pulling out of Russia and dozens of Western nations suspending trade. One of the most hard-hitting sanctions, however, was the European Commission’s disconnection of seven Russian banks from the SWIFT network, intended — along with sanctions against Russia’s two major financial institutions (FIs) and central bank — to restrict Russian citizens’ access to cross-border payments. International merchants with Russian customers are not cut off entirely — other networks, such as TARGET2 and CHIPS, are still online — but integrating an entirely new payment network can be a monumental task even for a large bank or business.
Merchants and other businesses cannot be expected to cope with these payment complications all on their own, nor should they lose customers for reasons beyond their control. Payments orchestration systems help them seamlessly route payments through new gateways at a minimum of merchant and customer friction.
The Benefits of Payments Orchestration for Payment Diversity
Payments orchestration systems harness multiple payment gateways on the back end while presenting a single stream to the merchant and customer, allowing merchants to seamlessly leverage an alternative payment gateway if the first one goes down. This can result in higher payment card success rates by mitigating outages and leveraging higher success rates that one vendor may have in certain geographic areas or with specific transaction types.
It also provides merchants with flexibility to experiment with different payment methods for improving seamlessness and lowering processing costs. Businesses could potentially implement multiple payment gateways in-house, but this requires dedicated IT and payments staff at great expense. Leveraging a third party not only offers a more seamless integration, but also enables advanced payments orchestration systems such as smart routing, which automatically selects the optimum gateway for a given customer’s transaction type or location.
Businesses anticipate a wide range of benefits from implementing payments orchestration options. In the U.S., 54% of merchants believe that payments innovations such as these reduce overall costs, and 41% expect them to reduce errors. U.S. merchants also anticipate faster international transactions on both sending and receiving ends of cross-border payments at 33% and 30%, respectively.
Payment system outages are an inevitable happenstance during the course of business, but the lost revenue from customer abandonment and employee headaches are solvable issues. Payments orchestration systems are a critical tool for closing that gap and enabling a superior payments experience and customer relationship.


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A cheerier update from one of AIM’s giants
One of AIM’s true market leaders issued an encouraging full-year trading update which lifted the shares sharply; clearly the market was fearing the worst! Elsewhere, an online wine retailer issued decent results, although given the lowly valuation the stock market still has its doubts.
Nexus Infrastructure: looking good
Nexus Infrastructure (AIM:NEXS), the infrastructure services group issued a trading update ahead for its financial year ending 30 September 2022.
Nexus expects to deliver revenues of £173m, up 26% on 2021 and seemingly well ahead of forecasts.
Revenue growth has been achieved in all divisions, with TriConnex improving by 10%, eSmart Networks by 86% and Tamdown by 26%. Group operating profit is expected to be in the…
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Yes, Macs are susceptible to malware and virus as much as a Windows PC, and it’s probably in your best interest to have at least an app or two that can give you some extra protection and peace of mind.
According to a recent Kaspersky investigation, the “Shlayer” malware—which deploys an “Any Search” bar on a victim’s computer through fake Adobe Flash updates, of all things—is the most popular Mac malware.
VPNFilter is a new type of malware designed specifically to target internet routers. It’s capable of collecting communication information from your router, attacking other computers, and destroying your device remotely.
Even mighty Mac owners have to keep an eye out for the latest vulnerabilities and malware, just like everyone else, and there’s some new malicious Mac software making the rounds that you should know about.
You can’t trust big tech to keep your devices safe. Malware slips through the cracks, and you need to do a little policing of your own to ensure that what you’re about to download to your device or computer is legitimate


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It Was the Best of Times, It Was the Worst of Times
There is both irony and tragedy in the fact that this year’s much-deserved prize for our Top Pick product for all of 2013 goes to TC-P65ZT60, whose short life and lineage will begin and end with the 2013 model year. In what feels like a cruel joke on videophiles the world over, Panasonic confirmed last fall what had long been rumored: It was getting out of the plasma TV business. Production of plasma display panels would cease in December, the company announced, and by the end of March, it would cease operations at its last remaining plasma plant in Amagasaki, Japan. The company cited market difficulties that it traced all the way back to the economic collapse of 2008, but the bottom line is that it’s been losing boatloads of money for the last few years, and LCD displays have eaten away plasma’s share to the point where the business is no longer viable.
What’s both ironic and tragic, of course, is that Panasonic’s plasmas have been the go-to HDTV recommendation from virtually every respected TV reviewer ever since Pioneer abandoned the market and walked away from its groundbreaking Kuro display in 2009. Today, after four years of evolutionary improvement that led to the ZT60 series—the first television we’ve seen that can actually compete with the old Kuro on black level and all other key areas of image quality—Panasonic is suffering the same fate as Pioneer.
There is good reason for Sound & Vision to honor the ZT in this fashion, to hold it separate from all others, for it represents more than just another TV that happened to be the best last year. Panasonic always recognized the image superiority of plasma displays, even as the world markets were turning toward LCD, and when Pioneer left the business, the company redoubled its research, reportedly even gathering up the plasma engineering talent that had been set loose by Pioneer. The ZT represents the pinnacle of its technological efforts, just as the step-down ST line came to represent the pinnacle of value in the flat-panel market. Unless Samsung or LG, the last two remaining plasma makers, step up to fill the gap, Panasonic’s departure will leave a huge hole where affordable, state-of-the art picture quality used to live. OLED sets hold greater promise, but at a cost so high as to be unattainable by most consumers for what will surely be several years. Ultra HDTV LCD displays, which are helping to push plasma off the stage now, combine inferior image quality with additional pixels that are of questionable value at screen sizes less than 75 or 80 inches.
Ultimately, then, our prize for the ZT60 this year recognizes not just this accomplishment, but the accomplishments of all the ZT’s forebears, and gives thanks to Panasonic for sticking with it as long as they did and making very happy viewers of a lot of our readers—and the friends and family who followed their lead. It also pays homage to the imminent end of the technology that started the flat-panel revolution way back when. Long live plasma. Better get one while you can.


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President-elect Donald Trump said on Twitter Thursday night that he convinced Ford executives to keep a production plant from moving to Mexico.
“Just got a call from my friend Bill Ford, Chairman of Ford, who advised me that he will be keeping the Lincoln plant in Kentucky – no Mexico,” Trump said on Twitter.
“I worked hard with Bill Ford to keep the Lincoln plant in Kentucky. I owed it to the great State of Kentucky for their confidence in me!”
But there’s one problem: Ford never planned to move its Louisville, Kentucky plant to Mexico.
Ford originally had plans to shift production of its Lincoln MKC vehicle from its Louisville plant to Mexico, according to The Courier-Journal, but the shift was not expected to affect employment levels at the plant.
Ford has now opted to keep building the line at the Louisville facility.
The company never announced it would be shutting down the plant and moving it across the border as Trump asserted.
“We are encouraged that President-elect Donald Trump and the new Congress will pursue policies that will improve U.S. competitiveness and make it possible to keep production of this vehicle here in the United States,” Ford said in a statement.
Ford announced on Tuesday that it would move production of its Ford Focus line of vehicles from Michigan to Mexico in order to make room at the factory for two new products. There will be no job loss due to the move however, CEO Mark Fields told Reuters.
During his campaign Trump railed against American companies that he said outsourced jobs overseas and left some Americans unemployed.
The president-elect threatened to put a 45% tariff on goods from China to in an effort to punish companies that build products overseas.


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Bitcoin, the first ever cryptocurrency, was the creation of Satoshi Nakamoto. A single person that is understood to have worked along with Satoshi, Martti ‘Sirius’ Malmi, has come to be the trending name in the crypto area lately. He allegedly is collaborating with a group of developers to launch a new cryptocurrency named ‘AXE’.
The project is said to be a mix of a decentralised data source system named GUN, as well as Malmi’s own on the internet track record system called Identifi. With both of these incorporated, AXE coin is all prepared to be backed by a strong product that is wanting to decentralise the web.
Malmi is just one of the earliest developers of Bitcoin, alongside Satoshi and also Gavin Andersen. He got involved in the software application advancement of Bitcoin in 2009, ultimately gaining Satoshi’s trust as time passed. He is stated to have ended up being so near Satoshi that he was likewise offered the admin accessibility to the website bitcoin.org, which Satoshi kept just by himself.
Nonetheless, similar to Satoshi, Malmi likewise left the Bitcoin task a couple of years later on, as he wanted to venture into something various. He said
” I felt like bitcoin had actually already gone from no to one, so to claim. It was currently operating with a growing neighborhood and had lots of terrific designers servicing it.”
Malmi always counted on decentralisation to avoid the preeminence of only a few huge firms in the marketplace. He said
” The majority of the huge on-line businesses, such as Google, Facebook, eBay or Airbnb are basically centralized indexes– searchable listings of stuff. If we intend to interrupt them, we need decentralized indexing.”
For this reason, he began Identifi in 2014, which is a decentralized system, which supplies a censorship-resistant identification to any person on the internet. But to be absolutely decentralized, job ERA, released by Malmi, requires people from all over the world running the data source systems– which is where the brand-new crypto token is available in.
AXE is intended to incentivize customers on the network to save data. Yet it takes a slightly various approach by paying servers to move encrypted information around. Nonetheless, project AGE will certainly not be using a blockchain to keep individuals’s data and track the crypto deals. Rather, they intend on replacing a few of the big centralised companies utilizing their decentralised crypto token, which is backed by a solid item.


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Business news in brief
Posted: January 24, 2013 at 3:20 a.m.
QUOTE OF THE DAY “The financial sector is too big.The products are too complicated. Transparency is not there. In this sense, I say the financial sector still has a long way to go.” Min Zhu, deputy managing director of the International Monetary Fund Article, 1D
This story is only available from our archives.
Business, Pages 28 on 01/24/2013


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Smartphone buyers who think the Galaxy S3 is too big could see a smaller version launch as early as next week.
An invite sent out by Samsung for an October 11 launch event touts a smaller product on the horizon with the headline "The size may be small" and the subheading "and so small can be big," according to Google Translate. The text from Samsung's German branch is also translated as "that's how big small can be," says TechRadar. However you translate it, Samsung is teasing a big announcement about a small product.
The notable Galaxy phone "S" logo appears in the background of the invitation, clearly indicating that the smaller device will be part of the Galaxy S lineup.
With a screen size of 4.8 inches, the Galaxy S3 seems a likely candidate to get a smaller brother. Such Android phones have spurred huge demand.
But some consumers have complained that their overall size is too large, making it difficult to hold the phone in one hand.
With the iPhone 5, Apple increased the display size to 4 inches from 3.5 inches. So it's unlikely Samsung would go smaller than 4 inches. A 4-inch Galaxy S3 would also pose a challenge to the iPhone 5, especially among users who don't like their smartphones too big.
CNET contacted Samsung for comment and will update the story if we receive any information.


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James Blaha was born with lazy eye (amblyopia), and for most of his life, he lived in a two-dimensional world. He was told the condition was irreversible, CNBC reports. The founder of the startup video gaming company Oculus Rift, Blaha collaborated with Manish Gupta to develop a video game to strengthen his weaker eye.
The game challenges the conventional wisdom that video games are bad for your eyes. "It's a strange experience for the world to appear more real and to have your vision change in such a big way," Blaha told CNBC.
The game is still being tested. Along with lazy eye, it is also designed to help people with crossed eye (strabismus).
Read the full story:


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On May 6 our Office partnered with Suffolk University Law School’s Rappaport Center for Law and Public Service to host a one-of-a-kind conference to discuss healthcare consumerism. The conference highlighted how price and information transparency can help consumers make better choices when it comes to …Continue Reading Empowering Healthcare Consumers: A Community Conversation
This week is National Consumer Protection Week (NCPW). More than 60 nonprofit organizations and federal, state, and local agencies are participating this year all with the intention of bringing a larger awareness to consumer rights. For the past 15 years, the week has brought together …Continue Reading National Consumer Protection Week 2013
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COLORADO SPRINGS, Colo.—Bold Technologies’ president Chuck Speck recently left the company to pursue other opportunities. Speck’s departure comes as the company takes a new approach, Bold CEO Rod Coles told Security Systems News.
SACRAMENTO, Calif.—More law enforcement organizations are recognizing the benefit of alarm verification; the California Police Chiefs Association board of directors adopted a resolution at its annual meeting that clarifies the term “verified alarm” and supports priority response.
NAPLES, Fla.—Attendees at Affiliated Monitoring’s Catalyst conference walked away with advice on how to start or advance a PERS business, such as devoting resources specifically to PERS sales and marketing and understanding which technology to sell.
NAPLES, Fla.—NXT-ID, a biometric sensor company, has agreed to acquire PERS manufacturer LogicMark for $20 million. NXT-ID’s expertise in biometrics and miniaturization will help LogicMark develop PERS solutions, LogicMark president Kevin O’Connor said.