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Riverside Avondale Preservation, Slow Food First Coast partner to benefit community through food and history
Take the burgeoning local foodie scene, throw in in a pinch of history and you have all the ingredients for a unique weekend event aimed at showcasing the best of both worlds.
Hosted by Riverside Avondale Preservation and Slow Food First Coast on Saturday, Oct. 12, the Slow Fish Dinner features some of the region's most celebrated chefs from Biscotti’s, Black Sheep, Orsay and Southern Roots, all heavily involved with the slow food movement. These eateries are also located within a few blocks of each other in the historic Riverside Avondale area.
Orsay Pastry Chef Rebecca Reed describes slow food as “the opposite of the fast food movement."
"It’s slowing things down. It’s more of being grounded and rooted in traditional ingredients and things that are locally grown, also things that are regional that fit into your area," said Reed. "Of course, all of the ingredients are going to be better if they are coming from out back, as opposed to miles away."
Held at the historic home of Dr. Wayne Wood and Lana Shuttleworth, guests can expect their palates to be satisfied by a number of creative courses, each paired with a wine provided by Wine Inspired. Aside from a full stomach, Reed wants guests to gain a newfound appreciation for what it takes to be a part of the slow food movement.
“It’s good that it’s hip and trending to eat organic and local, but people don’t always know the effort that we put into these local ingredients on our menu," she said. "So to get to showcase and highlight these things [in] one night is awesome to bring the awareness.”
Steve Gaynor, executive chef at Biscotti's, has created a salmon dish seared in Florida blackstrap molasses that is a twist on shrimp and grits.
"Sometimes the best creativity is in simplicity and in history and tradition," said Gaynor. "All we have done is taken a traditional classical success, for its own inherent perfection, and twisted it just a little bit to suit our needs.”
The venue is a charming prairie-style historic residence built in 1913, nicknamed "Strawberry Hill" for its elevation and past life as a strawberry farm. Though dinner and architecture may be the evening’s main dish, nationally known artist Shuttleworth’s locally crafted "Giant Chicken" — a piece of art produced from traffic cones — is also bound to be a topic of discussion.
Regionally sourced food and the support of nearby restaurants are key ingredients of the RAP mission. According to RAP Executive Director Warren Jones, the group's goal is “to preserve the unique character of Riverside Avondale, promote local businesses and advocate for the community.”
Dr. Wayne Wood, founder of RAP, looks forward to hosting the event and welcomes those from around the world to experience the community he highly esteems.
“Lana and I are excited to host," Wood said. "The food and the architecture will be the stars of the show.”
Barbara Bredehoeft, Slow Food board member and owner of Biscotti’s, explained that the featured restaurants came together to partner and raise money for RAP, so that others might see firsthand all that the historic area has to offer.
"Part of the quality of life of an historic neighborhood is their independent restaurants, all sourcing from local farmers and trying to serve Florida products,” said Bredehoeft.
After selling tickets for more than a month, the unique combination of local food with history proved so appetizing that tickets had completely sold out by Sunday, Oct. 6.
"We are looking forward to having people sample the best Riverside Avondale has to offer, from slow food to history to the friendly and interesting people who are part of our unique neighborhood," Jones said. "Since we have sold out we are now excited about repeating this experience next year."
The aim of the event is to benefit RAP and to funnel resources back into the Riverside Avondale neighborhood. The same community that houses many of the Slow Food restaurants that in turn support local farms and distilleries, such as Congaree & Penn and Manifest Distillery. This cycle of community support aligns with the missions of both organizations — giving them each a local motive.


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Life feels like it is slowly starting to get back to normal, but for many in our community, these times are still a struggle, both financially and emotionally. To help, on June 1st we started a campaign to raise funds for the Grandview Woodland Food Connection.
Our goal is to raise $1000 for seniors in need.
100% of the funds raised by the EEFC will be used to purchase produce and staples for food hampers to ensure that our most vulnerable community members do not go without nutritious healthy food.
The service is available Tuesdays Wednesdays and Fridays.
We will still hold 10 spots for our senior members.
Please visit east-end-food.coop/delivery for more details about the program.
Please note our hours are still slightly different thanks to Covid-19 and we are open from 9 am to 9 pm. We are using that morning hour to ensure our store is fully stocked AND sanitized for the health and safety of our customers and staff. We won't be hosting any in-store demo's for the near future but keep an eye out for our flyers highlighting our weekly sales and specials.

domain: news


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British Gas will be the preferred supplier of vehicle charging points for Renault’s new range of zero emission fully-electric vans and cars in the UK. British Gas previously announced a similar agreement for Nissan’s electric car. Industry experts estimate that by 2012 British Gas will be the preferred supplier for 70 percent of the electric vehicle market.
Google is trying to prove it’s more than just another pretty browser face while gaining “green” street cred. The search engine giant has deployed more than 70 electric vehicle charging stations at its worldwide headquarters in Mountain View, California.
The Silicon Valley Leadership Group, the City of San Jose and Pacific Gas and Electric Company (PG&E) have partnered to establish the Silicon Valley Smart Grid Task Force. The purpose of the task force is for representatives from industry, the public sector, non-profits and academia to collaborate on California’s energy efficiency efforts and the rollout of Smart Grid technology.


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THERE HAVE BEEN few prolonged bear markets since the Great Depression, but David Tice, manager of the Prudent Bear Fund, thinks we are in one now. His fund, which engages primarily in short-sellinga strategy that creates profits when stock prices fall — has been one of the stronger U.S. equity funds over the last three months.
That span begins around the March 10 zenith of the Nasdaq composite index, which lost as much as 37 percent of its value in the sell-off of technology stocks that followed.
The Prudent Bear fund rose 1.6 percent in the three months through June 9, according to the research company Lipper Ltd., a period when the average American equity fund fell 2.2 percent. Of course, during the record-breaking bull run of the late 1990s, the Prudent Bear did horribly: It lost 46.5 percent in the three years through June 9, in contrast to a 60 percent gain for the average fund.
"It has been extraordinarily difficult," Mr. Tice acknowledged. "The advantage we have is we have told people we are going to be short and we are going to be hedged and we might lose money while we wait for this to happen. We have fairly loyal shareholders, and we have tried to keep losses down through stock selection and risk control."
The "this" that he has been waiting to happen is a "super-bear" market, which he expects to cause severe damage to the global economy, as well as to investors' portfolios. It would be far more painful than the blink-and-you-missed-it drops in 1987, 1990 and 1998.Continue reading the main story
"We believe this is not going to be a correction, it is going to be a secular bear market," he said. "Everyone has made so much money and talks about new eras; everyone is laden with debt. Had you been invested at the end of the other two super-bull markets, you would have required 25 and 27 years, respectively, to recoup your initial investment."
The first two super-bull markets were in the 1920s and 1948 to 1966. When Mr. Tice said it took 27 years to make back the money lost after the peak of the second one, he was adjusting for inflation.
He is concentrating his short-selling on stocks in the biotechnology, telecommunications and brokerage industries and "Nifty 50 companies we think are still selling at outrageous prices."
He reserved particular derision for Internet stocks and the new-economy ideology that accompanies them.
"I believe there are some companies where the stocks will fall 90 percent," he said. "My criticism of all this is there is this leap of faith. The gullible investing public is making this implicit assumption that these are companies that are great for consumers, so they must be great stocks. All those things are wrong."
"It is symptomatic of what happens in an asset bubble," Mr. Tice added. "What happens is you end up distorting the pricing mechanism and financing uneconomic businesses."
He conceded that while Internet and other technology stocks have plummeted, financial stocks have been remarkably resilient.
"The financials have held up much better than we would have thought, given the crisis we see in the credit markets," he said. "They are perceived as safer stocks because they sell at 12 to 15 times earnings, which have skyrocketed because of trading, investment-banking and derivatives. But they will decline dramatically in a significant market decline or a bad economy. There is a great deal of risk there. I don't think we have a very knowledgeable investing public that understands history."
If he is correct and stocks plummet, then his short positions will produce tall profits. A short-seller borrows stocks and sells them, hoping to buy them back for less money after they fall. For example, if you had sold Yahoo Inc. short at dollars 200, where it was trading in late March, and bought it back when it bottomed out at about dollars 112 in May, your profit would have been dollars 88 a share. Short-sellers have to pay interest to borrow shares, but a sharp fall can still be profitable.
Most of the Prudent Bear fund's short sales are in the United States because, said Mr. Tice, "the U.S. bubble is providing such a phenomenal opportunity, and we understand accounting better over here." One foreign stock the fund is short is Nokia Oyj, the world's largest maker of mobile telephones. As with some of the other large companies he has sold short, he likes Nokia, but not its valuation. Nokia is well run, he said, but is "selling at a price that discounts the hereafter."
Another of his shorts, General Electric Co., is likewise "well-run but outrageously valued." It recently traded at a price 46 times its annual earnings, 11 times the book value of its assets and four times its yearly sales. Those are extremely expensive ratios for a financial company, which is what GE is becoming, Mr. Tice said, pointing out that its financial business, GE Capital, is the main source of growth these days.
"They cannot generate earnings growth as much as they used to," Mr. Tice said of the parent company. "They dominate a lot of industries, but I still think they take risks. It is truly an economically sensitive company. We believe financial companies are going to have to start recognizing bigger allowances for losses in the future."
Three other technology-oriented shorts in the portfolio are Amazon.com Inc., International Business Machines Corp. and Motorola Inc. Motorola has been especially profitable for the fund, which sold before the stock sank in response to a company forecast of anemic earnings.
"Motorola is really the No. 3 or 4 player in most of its business segments," Mr. Tice said. "They have benefited dramatically from the telecom infrastructure build-out across the country, building fiber and Internet and wireless networks. A number of companies participating in the build-out are dramatically overbuilding. This is a one-time boom that is not going to last."
Another good-but-expensive company he has sold is Wal-Mart Stores Inc.
"It is a well-run company, but it is going to be hurt by a consumer slowdown," he predicted. "Retailers have been killed, but Wal-Mart has stayed up there," trading this week at 37 times its projected earnings for the coming year.
Mr. Tice is not a curmudgeonly investor. The fund holds long positions, including Restaurant Brands New Zealand Ltd., which operates Kentucky Fried Chicken, Pizza Hut and Starbucks outlets and trades at seven times forward earnings.
He also holds precious-metals mining stocks. He especially likes Harmony Gold Mining Co. in South Africa, which he called "the best mining company in the world." It trades at 11 times earnings and pays a 2.86 percent dividend.
Yet Mr. Tice insists the best opportunity to make money is on the short side, even after the sharp drop in indexes such as the Nasdaq. There has been a "pretty significant decline and there could be a bounce" before selling resumes, he said.
"Markets never go straight down," he added. "They have a way of extracting the most pain out of the maximum number of people."
PRUDENT BEAR FUND. Telephone: 1 214 696 5474, or, toll-free in the United States, 1 888 778 2327. Web site: www.prudentbear.com.
[Not to be reproduced without the permission of the author.]Continue reading the main story


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Irvine fitness franchisor Xponential Fitness LLC is considering an initial public offering this year, according to a report from Bloomberg.
The IPO, which would give the fast-growing company a $1.3 billion valuation, comes after earlier plans to go public were paused due to COVID, the report said.
Xponential, through a spokesman, declined comment to the Business Journal.
The company last month acquired boxing workout concept Rumble in a deal Bloomberg said topped $300 million. Xponential also declined comment to the Business Journal on the purchase price.
Rumble marks the ninth fitness brand added to Xponential’s portfolio of workout boutique concepts.


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Latest research online dating statistics revealed records asian dating photo personals
It found 47 per cent of victims did not know who to report an online crime to, although this figure is expected to drop through the on-going work of Action Fraud, the UK's national fraud reporting centre - and the considerable Government resources now dedicated to fighting cyber crime.Online Shopping and Auctions Fraud involves a wide variety of methods, including bogus websites, or the exploitation of legitimate sale platforms and spoofed payment services, that whilst looking legitimate, are in fact controlled by the fraudster.It comes as a study found half of those who have been a victim of cyber fraud – which includes ID theft, economic losses, hacking and viruses - said they felt either 'very' or 'extremely violated' by their ordeal.The survey also revealed 53 per cent of the population now view online crimes as seriously as 'physical world' crimes, destroying the notion internet fraud is 'faceless' and of less importance than other offences.When I looked closer, I saw money had been withdrawn from a cashpoint in Manchester on a day I was in London.I knew instantly I had been targeted.'I immediately called my bank who confirmed it was fraud and froze my account.
The internet is undoubtedly a force for good but we cannot stand still in the face of these threats, which already cost our economy billions every year.
We search for true love, find him or her and settle down.
Then, if the spell begins to fade, the mind begins to wander.
The ten biggest online scams lost victims across the country £670million over 2014 – and this figure is likely to be far higher due to unreported cases, National Fraud Intelligence Bureau data reveals.
The case of a victim known only as Chris, who had thousands stolen by fraudsters who simply rang his bank to gain details and also conned his Facebook friends into sending money too, is highlighted by Get Safe Online.
Search for latest research online dating statistics revealed records:
And that was when far more people were practising Christians and contraception was less available or reliable.


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It had been two cabins, but when Sir Garnet Wolseley
or one of those big swells went down the coast in the
Staffordshire Wildlife Trust is set to open its new PS1 million Kingfisher Cafe and refurbished headquarters at The Wolseley
Centre on May 15.
Canton Tea, a wholesale supplier to the premium hospitality sector, has partnered with The Wolseley
, one of London's best loved restaurants from Corbin & King,to offer an exclusive range of teas.
Global Banking News-October 9, 2017--Pension Insurance Corp agrees to deal with Wolseley
23 February 2017 - Swiss building materials distributor Wolseley
plc (LSE: WOS) has signed an agreement to merge its Tobler Swiss plumbing and heating business with Walter Meier AG, a Swiss heating and HVAC distributor, the company said.
Ferguson, its US arm - which represents the bulk of Wolseley
's earnings - grew like-for-like revenues by 5% in the quarter, down from growth of 8.3% a year earlier as it was affected by lower demand in industrial markets.
THE chief executive of builders' merchant group Wolseley
is to step down from the role later this year.
Andy is currently Wolseley
Group 01926 705000 Commercial Director and brings extensive experience of working with Wolseley
Group companies to his new position.
STRONG growth in the UK and United States helped building materials group Wolseley
offset crumbling construction markets in Europe as third-quarter profits increased.
EUROPE'S ailing economy dragged down half-year profits at building materials group Wolseley
as it warned of more cost cuts to protect earnings.
THE modern executive saloon concept has roots in the British car industry of the 1950s, and one of the top examples was the big, comfortable Wolseley
6/90 produced in three series from 1954 to 1959.


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China Blocks Access to Gmail App and Android Market
China has enforced a block on both the Gmail and Market apps for Android devices, rendering both apps to be almost useless on millions and millions of smartphones and tablets in the country.
It’s no secret in the tech world that China dislikes Google. The nation has enforced strict censorship laws on the hugely popular search engine site which have resulted in an ongoing battle between Google and the country.
China has now made a move to block citizen’s access to the Android Market and Gmail for Android applications. The Gmail website is still accessible for everyone, though the server that Google’s Gmail Android app runs from has been blocked.
Android users in China have reported extremely slow or non-existent access to both Gmail and Market on their Android devices over the past week.
Google’s social network, Google+, was banned within one week of going live publically in China.
Users who rely on the default ‘Mail’ app on Android devices will be unaffected, even if using a Gmail or Googlemail email account with it. Similarly, third party Android app stores will remain unaffected.
At the moment the Android Market app is intermittently working, though many sources are saying it has gone down completely for long periods of time over the past 3 days.
The exact reason for the outage of both services remains to be clarified, but many are already presuming it was a purposeful block imposed by the nation’s government.


text: Groversons Apparel Pvt. Ltd. is honored to receive the Indian Power Brand Award 2013. We faced numerous challenges to reach here but we saw it coming. The conviction to receive this Award one day came from Mr. Rakesh Grover-Managing Director at Groversons, who received the Indian Power Brand Hall of Fame – Corporate Leader of the Year Award by Plannman Group in London on 12th December 2011. It is indeed recognition for staying ahead of time by dint of our hard work, innovative thinking and 100% customer satisfaction. This award could not have been achieved without the inspiration we have received from our co-workers and customers. We sincerely thank everyone for helping us reach a stage where we can proudly hold up this award as a mark of achievement in the Lingerie manufacturing industry. We are committed to improve every single moment and look forward to add value in our product offerings.


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Because two just isn’t enough to quench Oz’s thirst for the latest and greatest gadget of the summer, Telstra decided to join the iPhone party.
Vodafone and Optus have already announced plans to sell the new iPhone July 11, and by the looks of it they are getting a lot of buzz. Vodafone’s pre-registration site, for example, receives 40,000 visitors each day, while Optus had to shut their pre-registration down because it was completely flooded and they simply couldn’t keep up with demand.
Telstra is tentatively launching the iPhone on July 22, 11 days after its competition does.
There is no word yet on if the fourth carrier in Australia, Hutchinson’s “3″, will sell the iPhone. Do they dare to be different?
via Australian IT
If you liked the post, you might find these interesting too:
- Optus My Tab Android tablet coming soon to Australia
- HTC Sensation and Samsung Galaxy S II to be launched next month by Telstra
- HTC Wildfire and SE X10 Mini Pro to bring more Android to Australia
- Windows Phone 7 in Australia: HTC 7 Mozart, HTC 7 Trophy, Samsung Omnia 7, LG Optimus 7 and Optimus 7Q
- Samsung Galaxy S II can be pre-ordered at Telstra now


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On Thursday morning, 100-year-old Bess Gorelick, strolled into the just-opened Trader Joe’s in Camp Hill.
Gorelick was the first customer to enter, preceding the line of eager shoppers that wrapped around the building at 8 a.m. on the grocery store’s opening day.
“I love Trader Joe’s,” she said. “They have products that they don’t have anywhere else.”
The 12,550-square-foot store is the first Trader Joe’s in the area and the ninth in Pennsylvania. Nationwide, it has over 500 stores in 42 states. It’s known for its unique, quality food products at affordable prices.
At the opening, store captain Jamie Brown welcomed customers into the store, along with a team of Hawaiian shirt-sporting staff members.
“We are super excited to have you all here,” he said.
Since last June, when the store announced it would be coming to the Lower Allen Commons, fans of the franchise were anticipating its arrival.
For New Cumberland resident Heather Keller, visiting Trader Joe’s before meant taking road trips to different locations. It was something she and her stepmom did together, before she passed away last year.
“She would’ve loved to have one so close,” Keller said. “It’s nice that it’s a little more convenient now, but probably not good for my wallet.”
Keller’s go-to items are the miso soup, mini chicken wontons and the dunker cookies, although she said she could make a long list of favorites.
Other popular Trader Joe’s products include their signature chocolate hazelnut biscotti, kettle cooked chicken soup and “five-buck Chuck.”
Inside, the store features artwork with familiar images to central PA. There is the Market Street Bridge, white-tailed deer, a Nittany lion and even the sign from Harrisburg’s Broad Street Market.
According to the store, it will also participate in the company’s Neighborhood Shares Program, meaning it will donate unsold products to nonprofit, community-based organizations.
Trader Joe’s is located at 3545 Gettysburg Rd., Camp Hill. Store hours are 8 a.m. to 9 p.m. daily. For more information, visit www.traderjoes.com.
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Albertsons buying rest of Rite Aid drug chain
The supermarket operator Albertsons agreed to buy the remnants of the Rite Aid drug chain Tuesday, the latest deal to shake up a grocery industry already experiencing major upheaval.
The combined company would have about 4,900 locations in 38 states and the District of Columbia, the companies said. Albertsons would rebrand its in-store pharmacies under the Rite Aid name, and would continue to operate some stand-alone Rite Aid pharmacies.
Rite Aid agreed last year to sell 1,932 stores and three distribution centers to Walgreens for $4.38 billion after the companies failed to complete an even bigger deal.
For the remaining Rite Aid stores, Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. The grocer did not disclose a deal value. But it said the combined company would bring in about $83 billion in annual revenue.
That would rank it just below the Blue Cross-Blue Shield insurer Anthem Inc., which is 29th on the latest Fortune 500 list of largest companies
The transaction underscores the challenges facing retailers of all kinds as consumers do more and more of their buying online — and as Amazon gobbles up a greater share of those purchases.
The online giant made an aggressive push into the grocery business last year, acquiring the upscale chain Whole Foods for $13.4 billion in a deal with the potential to transform the supermarket industry in fundamental ways.
Amazon is also seeking to upend the health care field. The company recently teamed up with Berkshire Hathaway and JPMorgan Chase to form an independent health care company to serve the three firms’ employees and, potentially, revamp the broader industry.
The business of distributing and selling medicine is undergoing major changes as well, with the nation’s largest operators of pharmacies pursuing mergers aggressively to control costs and increase profits.
In December, the drugstore giant CVS Health said that it would merge with the health insurer Aetna in a $69 billion deal that could reshape the way health care is delivered in the United States. That deal came together after a federal judge blocked Aetna’s proposed merger with rival Humana last year.
Rite Aid had previously sought to bulk up by merging with rival Walgreens. Negotiations between two of the biggest drugstore chains in the United States ended after antitrust authorities indicated they were unlikely to approve the combination. The companies settled on the smaller deal instead.
Robert Miller, chairman and chief executive of Albertsons, said in a statement that the acquisition would allow the company to provide a ‘‘fully integrated one-stop shop for our customers’ food, health and wellness needs.’’
Miller would serve as chairman of the combined company, and John Standley, the Rite Aid chairman and chief executive, would be chief executive. The combined company would have headquarters in Camp Hill, Pennsylvania, where Rite Aid is based, and in Boise, Idaho, Albertsons’ hometown.
Albertsons, whose parent is owned by a consortium of investors led by the private equity firm Cerberus Capital Management, now operates more than 1,700 in-store pharmacies. If the deal is approved by shareholders and regulators and closes in the second half of 2018 as expected, the grocery chain — which has more than 2,300 stores in 35 states and the District of Columbia under the Albertsons, Safeway and other brands — would substantially expand its geographic footprint.
The Rite Aid deal is the latest transaction by Albertsons to expand its offerings to attract consumers.
In November, the company reached an agreement with Instacart to provide on-demand grocery-delivery services. It also invested in El Rancho Supermercado, a Texas-based retailer focused on stores for Latino customers, last year.
Albertsons said it has $59.7 billion in annual sales. Rite Aid reported revenue of $32.8 billion in its most recent fiscal year, which ended in March 2017.


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South Korea the top choice for Chinese to spend Spring Festival abroad
Updated: 2015-02-17 16:42
A woman sells made-to-order traditional Korean clothing "hanbok" in Dongdaemun Market in Seoul, South Korea. [Photo/IC]
According to the China National Tourism Administration, 5.19 million Chinese are expected to travel abroad for the upcoming Spring Festival, with year-on-year growth of about 10 percent.
Each year, China's Spring Festival witnesses the country's outbound tourism peak, with about an 80 percent increase in travelers than usual. This year, the number of tourists continues to grow, due to an easier visa application process for Chinese passport holders, and the depreciation of foreign currency against the yuan.
Nearby Japan, South Korea and Southeast Asian countries remain the major destinations for Chinese tourists, and the number of those who travel to Europe, North America and Australia is also significant.
The passion for Chinese to visit the US and Japan this year is also fuelled by the fact that the US started issuing 10-year visas that allow multiple entries, and Japan offers easier three-year, multiple-entry visas to Chinese tourists.
Here is the overall geographical distribution of Chinese traveling abroad this year - Asia (90%), Oceania (5%), Europe (3%), America (1%) and Africa (1%).
According to the predicted tourist flow, the 10 most popular countries among Chinese tourists are: South Korea (15.6%), Thailand (13.9%), Japan (8.7%), Australia (4.4%), Singapore (3.6%), Malaysia (2.9%), Indonesia (2.3%), the Philippines (2%), Italy (1.5%) and New Zealand (1.4%).
The most popular domestic provinces and cities are: Zhejiang province (17.9%), Jiangsu province (11.2%), Shanghai (8.9%), Guangdong province (7.2%), Beijing (6.8%), Shaanxi province (5%), Shandong province (4.9%), Liaoning province (4.4%), Heilongjiang province (2.9%) and Sichuan province (2.3%).


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BlackBerry CEO Heins says in five years, tablets will be dead87
The comments come as speculation arises that during the BlackBerry Live conference scheduled for next month in Orlando, Heins will announce his final decision on whether or not to produce a new slate. The current BlackBerry tablet runs the QNX OS which is the predecessor to BlackBerry 10. The BlackBerry PlayBook was a mess when launched as it shipped without an email client, and a calendar. But that was a mistake made by past management and the CEO is clearly looking ahead. He sees BlackBerry being the leader in mobile computing in five years.
In another matter, one that we have followed closely, Heins discussed the April 12th announcement by the company, asking securities regulators to investigate reports from Northeastern investment house Detwiller, Fenton. The latter reported that the return rate for the all-touch BlackBerry Z10 was exceeding sales. As we have pointed out on occasion, the investment house has been bearish on BlackBerry 10 dating back to before the introduction of the software last January. "Whatever the motivation is, you have to use the right facts, and that’s what we’re challenging right now,” Heins said, adding that Z10 returns are in line with the industry, and better than previous BlackBerry launches. Heins wants the regulators to investigate whether or not Detwiller Fenton was trying to manipulate BlackBerry's stock with its comments.


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Danish Lego Group appointed Bali Padda as its new CEO. Currently the company's COO, he will assume his new position on 1 January 2017, succeeding Jørgen Vig Knudstorp.
14 years of experience
Bali Padda has been with Lego Group for 14 years and has been in the company's management for the past 10 years, currently as COO. "Bali Padda has a fantastic track record in the LEGO Group with more than 14 years of experience. [...] I am confident that Bali will continue to develop the company in close cooperation with management", chairman Niels Jacobsen said.
Jørgen Vig Knudstorp will not leave the company entirely, but will become the Lego Brand Group's new head. Kirk Kristiansen, part of the founding family, created the new division to further expand the Lego brand's potential. "With our recent growth and globalisation come new and exciting opportunities for the brand, and we establish the LEGO Brand Group to look into these new opportunities", Thomas Kirk Kristiansen said.


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Apple says U.S. tariffs on China to hurt global competitiveness
Thursday, 20 June 2019 Apple Inc said proposed U.S. tariffs on goods from China, including iPhones, iPads, and Macs, will reduce the company's contributions to the U.S. economy and hurt its global competitiveness.
U.S. President Donald Trump said he and his Chinese counterpart Xi Jinping agreed on Saturday that the United States would refrain from raising levies on Chinese imports for now while China would buy..
President Donald Trump and Chinese President Xi Jinping reached a trade ceasefire at a highly anticipated meeting late Friday. Coming on the sidelines of the G20 summit in Japan, the truce allows the..


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George at Asda will launch its first dedicated -size range this autumn, Drapers has learned.
The initial 16-piece collection, which is currently unnamed, will be available online in sizes 18-32. George’s mainline clothing range goes up to a size 24.
The collection was due to launch this week, but has been delayed. If successful, it will be expanded to 35 items and become a permanent fixture on asda.com from spring 15.
“Simply Curves” had been mooted as a name for the UK-made range, which is still in production, but this is understood to be subject to change since the name is already used for George’s online lingerie range.
The line will comprise trend-led basics, as well as formal and weekend wear. Textured and printed blazers, skater dresses, embellished tops, longline tunics and leggings have been designed, with key looks to include Breton stripes, photographic florals and jacquard prints.
Retail prices will start at £8 for tops and leggings, and go up to £16 for a blazer. Drapers understands that Asda was focused on ensuring pricing remained in line with the rest of the George offering, so customers will not pay a premium for the range said a source.
An existing -size, third-party brand called Threads, which is available online in sizes 16-26, and comprises seven pieces, priced at £18 for a blouse and £30 for a skater dress, will be replaced by the George line.
George also plans to expand the sizing of its Wonderfit jeans range, which launched in spring last year. The £18 jeans, which are designed to stretch to fit across multiple sizes, will go up to a size 30 from mid-September.
George is entering a competitive sector. Tesco’s F&F -size True range offers sizes 16-28, while the Sainsbury’s Tu main clothing range goes up to a size 24. Tu dropped its previous standalone 18-28 -size brand, Grace, in August 2011, citing “customer feedback” for the decision.
On the high street, George will face competition from New Look, which is expanding its -size Inspire range to include nightwear, swimwear and lingerie.
Bonmarché has also relaunched -size brand Ann Harvey, a year after it was axed by Jacques Vert Group. The brand, which is available in sizes 16-32, has initially been introduced across 23 Bonmarché stores and a concession in Beales, Poole.


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Nokia recently announced the new Nokia 701 smartphone at an event in Mumbai, India. It is the company’s first handset, which runs on the latest Symbian Belle Operating System. Last week, we already posted that Nokia 701 is unofficially available for purchase at online retailers such as Indiaplaza. Now, the company has officially released the device for its loyal customers in India.
The Indian smartphone market is growing at an exponential rate. Consumers today are looking for differentiators that go beyond multi-tasking and processor speed. With our latest range of smartphones on Symbian Belle, we are introducing a path-breaking technology in the form of Just Tap’ with NFC,” said D Shivakumar, managing director, Nokia India.
Nokia 701 features a 3.5-inch IPS-LCD display with 360 x 640 pixels resolution, 1 GHz processor, Symbian Belle OS, 8 megapixel camera with dual-LED flash, HD (720p) video recording capabilities, VGA front-facing camera for video calls, Bluetooth 3.0 with EDR, microUSB and more.
Other features include a 3.5mm headset jack, stereo FM radio with RDS, GPS with A-GPS, 3G connectivity, Wi-Fi 802.11 b/g/n, 512 MB RAM, 1 GB ROM, 8 GB internal memory, microSD card slot, 32 GB expandable memory, up to 71 hrs music playback time, up to 504 hrs stand-by time, up to 6hrs 45min talk-time and a 1300 mAh battery.
Nokia 701 comes with a price-tag of Rs.18,999 (approx.$390) in India. This handset is available in different 2 colors Silver Light and Steel Dark. You can get this device at your nearest retailer or any Nokia Priority stores in India.
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On Monday 2nd October Lakeside Shopping Centre will join 14 shopping centres in a nationwide ‘quiet hour’ in support of their autistic shoppers.
There are around 700,000 people on the autism spectrum in the UK – that’s more than 1 in 100. People with spectrum disorder can find bright lights, loud music and pungent smalls too much of a sensory overload, with can lead to extreme anxiety.
Intu already provides training for every member of their staff:
intu Lakeside believes that every customer should have the opportunity to have an enjoyable experience at the centre whether this be shopping, socialising with friends, or watching the latest release at the cinema. However, for every 100 people in the UK one person has autism, which can make this experience a daunting and sometimes stressful occasion. In a bid to change this, intu Lakeside has worked with Treetops School and NAS Thurrock to ensure that the centre is welcoming and accessible for all to give them a memorable experience.
Intu will dim lighting and turn down music in shops and restaurants across its centres for 60 minutes on 2 October.


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Jordan Spieth’s sponsors Under Armour launch new “Rule Yourself” campaign.
Jordan Spieth has arrived in Australia to defend his Emirates Australian Open crown, and one of his major sponsors have launched a new ad campaign across Australia.
The “Rule Yourself” advertisement features clones of Jordan Spieth, basketballer Stephen Curry, American footballer Tom Brady and ballet dancer Misty Copeland. And according to the official media release:
The concept of the ‘Rule Yourself’ campaign is that you are the sum of all your training. The visual is impactful not only in its literal execution, but also in its metaphorical significance – that each of these athletes must grow and rule their own ‘army’ within to provide the discipline, dedication and relentless spirit required of the best.
It’s a cool ad. Maybe get on down to The Australian GC this week and check out Jordan Spieth in the flesh.


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From Gurman's "Apple’s Plan for Cars: Using IPhone to Control A/C, Seats, Radio" posted Thursday by Bloomberg News:
Apple Inc., whose CarPlay interface is used by millions of motorists to control music, get directions and make phone calls, is looking to expand its reach within cars.
The company is working on technology that would access functions like the climate-control system, speedometer, radio and seats, according to people with knowledge of the effort. The initiative, known as “IronHeart” internally, is still in its early stages and would require the cooperation of automakers.
The work underscores the idea that cars could be a major moneymaker for the tech giant -- even without selling a vehicle itself. While plans for an Apple car have faced setbacks, including the defection of key executives this year, the company has continued to make inroads with CarPlay. It lets customers link up their iPhones with a vehicle to handle so-called infotainment features. Seven years after its launch, CarPlay is now offered by most major automakers.
IronHeart would take CarPlay a step further. The iPhone-based system could access a range of controls, sensors and settings, said the people, who asked not to be identified because the project is secret.
- inside and outside temperature and humidity readings
- temperature zones, fans and the defroster systems
- settings for adjusting surround-sound speakers, equalizers, tweeters, subwoofers, and the fade and balance
- seats and armrests
- the speedometer, tachometer and fuel instrument clusters
My take: This is work Apple software engineers would have to do anyway, I guess.


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Bookadsnow.com will negotiate on your behalf to get you the lowest possible rate.


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Today, it seems like everything we do involves technology and more specifically computers. There is no exception when looking at the agriculture industry. In fact, according to the latest USDA, National Agricultural Statistics Service-Farm Computer Use report, Seventy-three percent of Wisconsin farms own or lease a computer. This is 1 percentage point higher than the overall U.S. percentage. Then seventy-seven percent of Wisconsin farms report at least having access to a computer which is unchanged from 2015.
The report also found that Wisconsin farms using computers for their farm business increased slightly to 49 percent, 2 percentage points above the national percentage, which also rose to reach 47 percent. When looking at the percentage of Wisconsin farmers that have access to internet it was found that Seventy-three percent have Internet access which is unchanged from 2015. DSL (Digital Subscriber Line) remains the most common method of access, with 39 percent of farms in Wisconsin with access to the Internet utilizing DSL. This is up 5 percentage points from 2015. In 2017, USDA-NASS added two additional methods that farmers could select for accessing the Internet. Fiberoptic and mobile Internet service for a cell phone or other device are the two access methods added to the Farm Computer Usage and Ownership report. In Wisconsin, it was found that mobile Internet service was the second most common way to access the Internet and Fiber optic was used by only 6 percent of farms. The proportion of Wisconsin farms using satellite service did decreased 7 percentage points from 2015, falling to 15 percent
When looking at the US in general the report found that Fiber-optic was used by 8 percent of the farms, and mobile Internet service was used by 17 percent of US farms. However, DSL (Digital Subscriber Line) connection continues to be the most common method of accessing the Internet, with 29 percent of the farms in the United States using it, down from 30 percent in 2015. A satellite connection, at 21 percent, remained steady from 2015. Then cable modem service is at 15 percent, up 3 percentage points from 2015. Dialup service is at 2 percent, which is down 1 percentage point from 2015. Lastly, Other or unknown is at 8 percent, up 3 percentage points from 2015.
When it comes to computer access nationally 73 percent of farms have some sort of access. Of those farmers having computer access, 72 percent, which is up 1 percent from 2015, own or lease a computer. Computer access by national sales class is 71 percent for sales class $1,000-$9,999; 70 percent for sales class $10,000-$99,999; 76 percent for sales class $100,000-$249,999; and 85 percent for sales class $250,000 or more. Computer usage for farm business is at 47 percent nationally, this is up 4 percentage points from 2015. This compares with usage by the four geographic regions: West (49 percent), North Central (50 percent), Northeast (48 percent), and the South (42 percent). Comparing computer usage by crop and livestock farms nationally, 52 percent of the crop producers use the computer for farm business, compared to 42 percent of the livestock producers. Lastly the report looked at the percentage of farmers that utilize a smart phone or tablet for farm business and 39 percent of farmers were found to utilize that technology for business. It will be interesting to see how these percentages change as technology continues to develop and integrate into the agriculture industry and world.
This information was collected and expressed by the USDA, National Agriculture Statistic Service – Farm Computer Use report. The report was distributed by the, USDA NASS Upper Midwest Regional Office, which serves Iowa, Minnesota, and Wisconsin.


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But let's say we accept Dube's calculation that retail workers take home $4.7 billion less per year because Wal-Mart has busted unions and generally been ruthless. That loss to workers would still be dwarfed by the $50 billion-plus that Wal-Mart consumers save on food, never mind the much larger sums that they save altogether. Indeed, Furman points out that the wage suppression is so small that even its "victims" may be better off. Retail workers may take home less pay, but their purchasing power probably still grows thanks to Wal-Mart's low prices.
Americans have a lot more "stuff" in their houses because of how Wal-Mart operates. How many people rushed to Wal-Mart on Friday to pick up those TV's which were on sale.
Companies like Wal-Mart are not run by saints. They can treat workers and competitors roughly. They may be poor stewards of the environment. When they break the law they must be punished.
Wal-Mart is a business. It is not a charitable organization. All business' operate to make a profit. Why single out Wal-Mart just because they do it very well. If Wal-Mart breaks the law then it must face the courts like every one else.
If critics prevent the firm from opening new branches, they will prevent ordinary families from sharing in those gains. Poor Americans will be chief among the casualties.
It seems to me that Wal-Mart isn't the bad dude here. It's those who wish to see a business go bankrupt and a community lose out on benefits the company would bring.


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Honda Canada planning to export vehicles to Europe under Canada-EU trade deal
Honda Canada plans to take advantage of the still-to-be ratified free-trade agreement with the European Union to produce vehicles for export to Europe for the first time, the auto company announced Monday.
Speaking at his flagship manufacturing plant, Honda CEO Jerry Chenkin said the Canada-EU trade deal was the “catalyst” for the plan to export the next generation of the company’s CR-V cross-over to Europe.
“Exporting 40,000 Canadian-made vehicles per year to Europe is good for Honda and it’s good for Canada.”
It’s not clear when Europeans, who Chenkin called among the most discerning customers in the world, will be able to buy the vehicles but everyone at Honda Canada, he said, was “eagerly awaiting” ratification and implementation of the free-trade deal.
Honda, the first Japanese auto company to build vehicles in Canada, has previously announced upgrades to its Alliston factory. The CR-V export production will rely on those investments rather than on a new infusion of money.
Still, Prime Minister Stephen Harper called the announcement a “breakthrough moment.”
“Europe will accept a great many Canadian-built cars – no less than 100,000 – thousands of which are going to be from right here at this plant,” Harper said.
“It’s because our government negotiated a free-trade agreement that, in the years to come from this plant, cars built right here in Canada by a Japanese company will then be exported virtually tariff-free to Europe, one of the world’s wealthiest, richest markets.”
Deal would end tariff on passenger vehicles
The free-trade deal calls on Europe to scrap a 10 per cent tariff on passenger vehicles, but it remains unclear when exactly it will take effect.
Canada now has free-trade agreements with 43 countries compared with five when his government took office, Harper said.
The prime minister was more reluctant to discuss the situation at the General Motors auto plant in Oshawa, which may not continue production past 2016.
“Companies make these individual decisions,” he said.
Across the country, Honda Canada employs about 19,000 people. It can make about 390,000 Civics and CR-V models a year and has just built its seven-millionth vehicle.
The company has invested more than $3.9 billion in Canada and spends about $2.1 billion a year on goods and services from Canadian suppliers.


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The US technology group Apple apparently wants to react to an expected downturn in the global economy and lower demand for its products with savings. This was reported by the Bloomberg news agency last night, citing insiders.
Although Apple did not confirm the report and initially did not comment on it, the US stock exchanges on Wall Street slipped significantly in late trading in the evening. Technology stocks lost above average, Apple papers lost around two percent.
Hiring freeze and investment brake
According to the report, Apple intends to put the brakes on costs in certain areas in the coming year. The US company plans to slow hiring and slow spending growth in some business areas in 2023 in anticipation of a possible economic downturn, according to Bloomberg.
A hiring freeze is to be imposed in the affected areas, although Apple usually increases its workforce there by five to ten percent annually. Vacancies should not be filled there. In recent years, the company has aggressively expanded its workforce and invested heavily in research and development.
This spring, however, the company had warned of delivery problems due to the closure of some production facilities in China, which would have cost Apple around eight billion dollars in revenue in the first quarter of the current fiscal year alone.
Product offensive continues
According to the report, Apple is sticking to an ambitious roadmap for introducing new products. Four new iPhone models are to be presented this year. There are also new versions of the Apple Watch and Mac computers.
For observers, the possible preparations for a global downturn are another indication that high-tech companies in particular are becoming more cautious with their spending. Before Apple, the Facebook parent company Meta, the electric car maker Tesla and some US banks had already slowed down new hires in order to arm themselves against a slowdown in the economy.
Top dogs dominate the smartphone market
The measures at Apple follow an already existing sales weakness in the company's most important market, smartphones. According to the market research company Canalys, sales of smartphones in the second quarter fell by nine percent to less than 300 million devices. According to the analysis company, however, the two largest smartphone providers Samsung and Apple have expanded their market shares in the overall shrunken business.
Samsung's market share increased from 18 to 21 percent year-on-year in the second quarter. The market share of Apple's iPhones increased from 14 to 17 percent. According to Canalys, the losers in the current development are the Chinese manufacturers Xiaomi, Oppo and Vivo due to weaker demand in China.


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Disney will soon be back in court after a parenting expert claims that Walt Disney and Pixar allegedly stole the the concept for “Inside Out” from a project she pitched to the company repeatedly from 2005 – 2009 dubbed “The Moodsters.”
According to an article in Fortune, Denise Daniels who has appeared on many TV shows including Oprah and Today argued that she as an “implied-in-fact” contract with Disney and is seeking payment for box office, DVD, Blue-Ray, iTunes and merchandise revenue from the blockbuster film which has grossed more than $850 million worldwide since its Summer 2015 release.
Disney denies the allegations and in a statement published by Fortune said: “We look forward to vigorously defending against this lawsuit in court,”
The lawsuit is not the first of its kind. in March, Gary Goldman, a Hollywood screenwriter sued Disney for copying ideas from his work that were incorporated in Zootopia.
For the latest information regarding this case please continue to follow along with Chip and Co.
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Images copyright Disney.


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Tech News: Macs have “insufferable” or “unacceptable” levels of malware, claims an Apple executive..
The ransomware problem is not getting better. In fact, it’s about to get worse, as cybercriminals have started experiencing double-encrypted ransomware attacks. Victims pay a ransom to decrypt their files, only to find that they were simultaneously encrypted by another strain of malware. It’s a bad trick, but if the last few weeks have shown anything, it’s that there isn’t a low level that these groups won’t drop to.
“If I took the Mac security techniques and applied them to the iOS ecosystem, with all those devices, all that value, it would be invested dramatically worse than what’s already happening on the Mac,” he said.
“For iOS, we aspired to create something much more secure,” Federighi added, detailing the walled garden approach to iOS. “All indications are that we managed to do it.”
We can’t support the latter, as occurrences of iOS malware are far less likely than those on Android devices, especially when you consider the vast number of Android phones out there, many of which run different versions of Google’s mobile operating system.
What’s dryly funny here is Federighi’s mild condemnation of macOS security. In the past, it was often touted by Apple and his fans that the Mac receives no malware. Apple even advertised on TV about it.
This mea culpa might bring a smile to the faces of those who are anti-Mac, but it can also be considered positive news. Exhibition Apple is more than aware of the malware threat macOS faces and may suggest that future versions of the operating system may have new measures to limit viruses and malicious software.
Since the engineers from Cupertino have made the Apple Chip M1 and transition away slowly from to rely on Intel silicon, apparently Apple is open to pushing the boundaries of established computing. Perhaps in the future we could see a return to the days of free Macs from malware threats, although this might be wishful thinking.


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You have searched for "anniversary promotion"
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KOTA KINABALU: Regional community airline MASwings is offering RM178 all-in fares to selected domestic destinations to celebrate its 12th year anniversary.
TO celebrate its 19th anniversary, the Ten Ten Retail Group will be offering discounts up to 50% at its stores nationwide.
KUANTAN: To celebrate its 19th anniversary, the Ten Ten Retail Group will be offering discounts up to 50% at its stores nationwide.
IT HAS only been four short years since Crab Factory in SS2, Petaling Jaya, opened up a whole new way of enjoying seafood, with its Louisiana seafood-boil concept.
KUALA LUMPUR: Over 30 million AirAsia X guests have flown to over 25 destinations in different regions including the United States since the airline’s inception in November 2007, said AirAsia X group chief executive officer, Datuk Kamarudin Meranun.
SOUTH SEA SEAFOOD RESTAURANT, 229, Jalan Dua A, Kampung Baru Subang, Selangor. (Tel: 03-7846 1401, 7846 5813). Business hours: 11.30am-11pm, daily. The restaurant boasts exotic seafood like geoduck, Australian lobster, estuary tiger garoupa, Sri Lankan crab, Japanese escargot, fresh abalone, mantis prawn and Empurau fish.
NINETY prizes were given out to those who bought their Gamuda Land properties between Nov 25, 2016 and Feb 28 this year.


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Avoiding fatty foods isn’t easy when you consider the fact that in 2023, there were a reported 200,859 fast food restaurants operating in the U.S., according to IBIS World. However, Dr. Joel Fuhrman tells us that the problem isn’t as simple as labeling certain foods as “good” or “bad” and then choosing accordingly. “Many people are addicted to unhealthful foods,” he states. “Learning about which foods to eat or which foods not to eat is often not sufficient for them to achieve and maintain healthy eating habits.” Instead, Dr. Fuhrman explains that many people could benefit from having long-term systems in place to support healthy eating habits through education and community support.
Dr. Fuhrman emphasizes that having the willingness to learn more is the first step, and recommends his book “Eat for Life” as a starting point. “I also own a health retreat in San Diego, the Eat to Live Retreat, where such individuals can come for a month or more to lose weight, resolve food addiction, reverse, and resolve high blood pressure and type 2 diabetes and gain the tools to enjoy and maintain healthful eating when they leave.”


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New Algarve Tourism president unveils marketing strategy
The new president of the Algarve Region Tourist board (Região de Turismo do Algarve – RTA), João Fernandes, says that marketing the region must be aimed at the final consumer rather than tour operators.
“We cannot have a marketing model based on the years when tour operators enjoyed predominance in the market which today they don’t have”. Instead he argues that promotion campaigns should be aimed at the final consumer.
“In truth we have other channels, some more direct (i.e., social media) and we shouldn’t neglect them” he said in an interview with Publituris after taking over as the new president on 27 July.
João Fernandes also spoke about the main opportunities and challenges that Portugal’s main tourist region faces as well as the priorities of his mandate which will last five years and will be focus on refreshing and revitalising the image and product offer available in the Algarve.
On the tourism boom, the new president says, “Taking into account the results, we can say with some conviction that the Algarve is not competing with other regions of the country. The Algarve is competing on an international level with other Mediterranean destinations on a European regional and global level.”
The RTA present says that the Algarve Tourism board will continue to promote projects such as Cycling & Walking, Algarve Nature Week, 365 Algarve and Algarve Cooking Vacations which have contributed to filling hotels off-season and changing consumer profiles.


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30 March 2022. Financial institutions should ensure digital touch points are designed as conversations – real and human. This will earn them trust, and also inspire pride in their employees.
15 March 2022. The pandemic accelerated digital adoption. The need to be digitally astute and accessible now cuts across sectors. Unfortunately, the war threatens to undo the progress. It is a threat that could stall the humanising of digital with the conflict pushing a dehumanising narrative in multiple dimensions.
20 February 2022. Business performance and revenue are no longer the only parameters on which business is measured. What was earlier considered pure human attributes are now parameters on which organisations are judged.
3 February 2022. To achieve growth in the post-pandemic world, BFSI sector companies need to respond to customers’ emotional needs like hope and trust
9 November 2021. Cafe Coffee Day spawned a popular culture in India, of people bonding over non-alcoholic beverages. Design was at its center.
8 November 2021. My father built an optical shop in the busiest business district of Calcutta. That was my first real-world design school.


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CDC Reports Decrease in E. coli Illnesses -- Beef Industry Keeps Focus on Safety Improvements
Contact: , 402-856-2097;
Date: Monday, April 19, 2010
According to the Centers for Disease Control and Prevention (CDC), the rate of illness due to E. coli O157 significantly decreased in 2009. The 2009 E. coli illness rate is the lowest since 2004 and meets the Healthy People 2010 goal to cut the number of O157 illnesses in half.
This is good news for beef producers and consumers.
“Anyone involved in the ongoing battle to improve food safety is gratified by the news that illnesses from E. coli O157 have declined,” says James O. Reagan, Ph.D., chairman of the Beef Industry Food Safety Council (BIFSCo) and senior vice president of research, education and innovation for the National Cattlemen’s Beef Association, a contractor to the Beef Checkoff Program. “However, E. coli O157 is a tough, adaptable foe and our work is not done.”
Through beef checkoff investments and widespread industry commitment, the beef industry continues to make strides toward reducing the incidence of O157 by implementing multiple interventions throughout the beef production chain.
“Beef industry efforts to reduce the incidence of E. coli O157 started in 1993, and our collective goal continues to be producing the safest beef possible for our consumers,” continues Reagan.“We must remain aggressive in our efforts to keep this and other foodborne pathogens out of our food.
Beef farmers and ranchers have invested more than $28 million of their Beef Checkoff dollars in safety research since 1993; and together, the beef industry spends more than $350 million annually on safety efforts. Reagan cautions that although today’s news is encouraging, research to help the industry better understand foodborne pathogens and identify new ways of controlling them must continue to be a priority.
The checkofffounded BIFSCo in 1997 to bring all segments of the industry together around the common goal of improving beef safety. This group shares the philosophy that the best safety solutions result from cooperation among the industry – when food chain partners share the data, knowledge and experiences that contribute to improved safety systems. BIFSCo has led efforts to identify and implement farm-to-fork safety programs, including developing the best practices that serve as a road map for reducing E. coli throughout the beef production chain.
For more information on the industry’s beef safety efforts, visit BIFSCo.org
. For more information about programs funded by your checkoff investment, visit MyBeefCheckoff.com
# # #
The Beef Checkoff Program was established as part of the 1985 Farm Bill. The checkoff assesses $1 per head on the sale of live domestic and imported cattle, in addition to a comparable assessment on imported beef and beef products. States retain up to 50 cents on the dollar and forward the other 50 cents per head to the Cattlemen’s Beef Promotion and Research Board, which administers the national checkoff program, subject to USDA approval.
# # #
Internal links within this website are funded and maintained by the Beef Checkoff Program.
Outgoing links may be to websites maintained by third parties not funded by the checkoff.


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Who said Apple’s iPhone is in trouble?
Fresh off a year-over-year decline in iPhone shipments last quarter, hundreds of millions of iPhone owners could update to new models in the next 18 months, according to GBH Insights analyst Daniel Ives. In a note to investors, Ives predicts that approximately 350 million iPhones “are in the window of opportunity to upgrade.” And Ives believes customers are simply deciding now which iPhone they want to buy.
Questions have arisen of late over just how well the iPhone is performing after reports have surfaced saying Apple will stop production on the iPhone X it released late last year due to disappointing demand. Apple also revealed in a first fiscal quarter earnings release earlier this month that iPhone sales slipped 1% year over year. The decline, which occurred during the busy holiday shopping season, came despite iPhone revenue jumping 13% on higher average selling prices.
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Despite industry concerns that the iPhone could be in a semblance of trouble, Ives doesn’t see it. He said that the iPhone is “alive and well” and the company’s rumored plans to launch three new iPhones this year will only help Apple hit and potentially beat its fiscal year revenue guidance.
But Ives went one step further. He said that the predicted iPhone success, coupled with the continued growth in Apple’s Services business, which includes App Store and Apple Music, should help to propel the company’s share price to “the $200 range” in the next three to six months. He also believes Apple will hit $1 trillion in market cap in relatively short order.
Apple shares are currently trading at $179.15. Ives has placed as 12-month price target of $205 on Apple’s shares.


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It's a good bet that most people who read this blog post have a mobile phone operating on 3G technology. While there are still some 2G phones out there, most of us have already graduated to the next level. However, what about 4G? Apparently, things are not going so well at the consumer level.
According to a report from the BBC, Ofcom's most recent statistics regarding 4G use show the technology is not catching on among UK consumers. Surveys show that less than 25% of current 3G users have any plans to upgrade to 4G in the near future. There are couple of reasons cited by the BBC:
- Contracts – Analysts say that nearly 30% of current 3G phone owners would consider upgrading to 4G if it were not for their current contracts. Breaking those contracts in order to upgrade incurs a fee that users do not want to pay, especially given the fact that they don't know how much better 4G can be. People prefer to wait until their contracts expire before considering an upgrade.
- Lack of Understanding – Surveys show that widespread 4G adoption is also being hampered by industry marketing and jargon. In simple terms, consumers see all the specifications of the latest 4G phone but have no idea what the acronyms and technical terms mean. Therefore, they see no real benefit in agreeing to an upgrade. Until they understand what they are getting for their money, consumers and businesses are unlikely to spend it.
- Tariffs – You can always count on government tariffs to squelch enthusiasm for a new technology. 4G communications are no exception. Users are not going to embrace higher tariffs for a technology they do not believe benefits them substantially.


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The Russian lobby of supporters of a state regulation of cryptocurrencies is growing. In a list with instructions to the Federal Assembly, President Putin demanded official regulation for cryptocurrencies at the end of February. By July 2019, the head of state wants new laws.
New laws for digital assets
Also Igor Yusufov, formerly employed in the Kremlin as Energy Minister, recently called for a government currency. Which will be following the model of stable coins such as tether and is linked to the price of oil. Yusufov hopes that this solution will be an instrument to prevent the risky fluctuations in exchange rates.
The Russian Parliament has already responded by launching its first draft bill. This is from a message from the website Coin-Hero.de.
The new laws not only target cryptocurrencies, but digital assets in general. The drafts refer among other things to digital transactions and more fundamentally the relationship of digital currencies to the Russian ruble. Thus, the laws would affect mainly future ICOs and fintech companies in Russia, but also investors.
What are the goals of the new laws in Russia?
It is unclear which primary targets Russia is pursuing through regulation. Other governments have demonstrated what clear legislation can be good for. Take Switzerland for example, which has managed to become a global center for the development and trade of digital financial products through its early legal involvement with cryptocurrencies. Japan, Singapore and the US state of Wyoming also sought the favor of the new fintech and crypto companies early on. Maybe Russia is trying to get on this move now.
As early as October 2017, the Russian leadership announced plans to launch its own cryptocurrency. The anonymity and decentralization of Bitcoin payments are a thorn in the side of Moscow. The Russian cryptoruble would not have much in common with currencies like Bitcoin, Litecoin or Ethereum.
Also published on Medium.


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TWO former agribusiness executives are applying their knowledge and experience to helping small to medium sized businesses to grow, while identifying investment opportunities at the same time.
Jack Gleeson and Mark Lim met while working for Elders over a decade ago.
Jack is a former Elders’ general manager, meat and livestock, and prior to that was Elders state manager for Queensland.
After working together for four years, Jack and Mark went on to continue their careers on separate paths, but reconnected in 2011 and started their own business “Magnetic Alliance”.
“I had a lot of experience, but Mark had a lot of business capability and smarts that I just wasn’t going to learn,” Jack said.
The business started trading in May 2012 with a request from a property development company to help build a team based in the Philippines.
That started the ball rolling to create and develop a suite of services for other small to medium businesses that weren’t being offered at the time.
Magnetic Alliance has evolved to become a “co-pilot” that helps small to medium sized businesses to overcome hurdles to growth, solve problems and create systems and succession plans for future continuity.
Mr Lim said Magnetic Alliance applies its own growth formula internally and has acquired businesses in dangerous goods transport and logistics, radiation, cyber security, insurance claim settlement, home repairs and launching online training with its dangerous goods business and Wisetech Global.
The business has also recently added a global name in George Ross, former Trump Organisation executive vice president, and celebrity apprentice judge as a business advisor. Mr Lim said Mr Ross has described Magnetic Alliance as having’ “formula for unlimited growth” and is working with the company on developing its investment model.
Mr Lim said Magnetic Alliance is now opening up to outside investment in its own business.
“The idea initially was to start a fund because we get so deeply involved in our clients’ organisations that we practically do a 360 degree due diligence while helping them to grow, which goes far beyond what investors get access to and we see all the risks, we flush out all the skeletons, so we know what we’re getting into, and we understand all the opportunities as well,” Mr Lim said.
“We’re setting up our investment arm to be able to take advantage of these deals. Just recently, we’ve been offered partnerships in aquaculture, software, steel fabrication, along with a bunch more and we get a number of opportunities in agri as well.”
“Right now we’re just in a position where we can and are open to taking some capital investors in who like the idea of working with us to invest in high growth, diversified businesses.”
Jack said the COVID experience last year highlighted the importance of investment diversity. “We’re building a portfolio that isn’t reliant on a certain industry or market, we have to be prepared for change, and based on 2020, you just never know what’s going to happen.”


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It’s December and time to make bold predictions for the upcoming year. I have a mundane, but important, prediction for 2013: it will be the year the digital advertising industry finally adopts a standard electronic insertion order. Furthermore, the electronic IO will usher in a wave of innovation in “programmatic premium.”
Digital advertising was born 18 years ago when AT&T ran the first banner ad Hotwired.com. Today, digital advertising is a $45 billion industry. Despite being digital at its core, it’s still very much an analog business in its back room operations.
Earlier this month at the iMedia Agency Summit, I attended a session called “The Internet Ad Pioneers” moderated by Cory Treffiletti, a pioneer himself and author of an excellent book on the subject. As part of the recollections, panelist David Yovanno said, “Back in the early days, we did a ten minute sales call on the phone and ten minutes later we got a six figure IO over the fax machine.”
A lot has changed since then. There’s certainly a lot more competition and closing deals isn’t so easy anymore. Insertion orders aren’t all in the six figures. But one thing has not changed: insertion orders still come in on paper.
Even today, some still use the trusty old fax machine to send insertion orders. Others have replaced the fax machine by printing, signing, scanning, and emailing IO’s. Some have gone even further by replacing scanning with electronic signatures. But the end result is the same: a “paper” insertion order. Sure, it might be an electronic file, but it’s still effectively a piece of paper because it has to be re-keyed into the ad server and other systems to execute the order.
A truly electronic insertion order is one that arrives in a standardized, machine-readable format. Because it arrives in this format, it can be used in an automated work flow. For example, after reviewing the order, you click the “accept” button which books the deal, sends an acknowledgement to the buyer, reserves the inventory, and installs it on your ad server. Look ma, no hands!
Foretelling the electronic insertion order may seem trivial. After all, it’s an obvious idea with clear benefits and relatively low technical challenge. However, the development of e-business standards has proceeded slowly since it was initiated years ago. While certain vendors can send and receive orders electronically within their own walled gardens, it has yet to come to fruition from a cross-platform industry perspective.
I think the electronic IO will finally arrive in 2013 for three reasons:
First, you have a motivated group of buyers. In 2012, programmatic buying was widely adopted – particularly with real-time buying of remnant inventory through exchanges on the spot market. This method of buying has grown from nothing to about 20% of spending in the last two years. Many see cherry-picking impressions at the lowest price as the main benefit of programmatic buying. There’s surely value there, but a big benefit of programmatic buying is driving the transaction cost of buying digital advertising to zero. Compare that to the $40,000 it costs to create and execute a digital media plan when buying directly using typical methods.
While I’m skeptical about today’s breed of programmatic buying technologies working for guaranteed buys, they’ve certainly proven that automation can reduce buying timeframes to milliseconds and eliminate transaction costs. That puts a lot of pressure agencies involved with direct buying to streamline their process or risk losing the business entirely.
Second, you have a motivated group of sellers. Publishers’ prices are eroding as their inventory gets commoditized by audience buying via exchanges. In a recent high profile case, The New York Times is blaming exchange-traded media for its declines in online display ad revenue. Leading publishers are now scrambling for ways to efficiently drive direct sales as a way to reverse the trend and to claw back higher revenues and margins.
Third, you have a motivated group of service providers. Steve Sullivan and Ramona Gonzales are doing a wonderful job leading the IAB’s renewed effort to deliver its eBusiness Interactive Standards. You also have a new breed of motivated advertising technology providers who are committed to finally realizing the electronic insertion order including MediaOcean, Facilitate, Centro, NextMark (my company), Operative, iSocket, and ShinyAds.
It’s because of these highly motivated buyers, sellers, and service providers that I confidently predict 2013 will be the year that electronic insertion orders finally become a reality. This basic building block will enable the automation the industry desperately needs to move beyond the fax machine.
Joe is a contributor to The Makegood and is the Founder and President of NextMark, a company that provides tools for media planning and buying industry.


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Traders have sold their last blooms on the site of the New Covent Garden Market – before stalls relocate to a new setting after 40 years.
Stall holders set up shop for the last time at the building in Nine Elms Lane, in Vauxhall, on Friday.
The market will move down the road to a new location previously used as the historic retailers Main Entrance Site.
The building will allow punters to buy fresh flowers downstairs while florists work upstairs.
Fresh fruit and veg will also be sold.
Plans for the £2 billion redevelopment for the site were first announced by Wandsworth Council in 2014.
New Covent Garden Market has been based on the 57-acre site for 40 years since it was relocated from Covent Garden in central London.
The new market will open from 4am on April 3 and will continue to trade between 4am and 10am Monday to Saturday.
A spokesman for the redesign said in a statement: “The result is a market that our traders and customers deserve. A better place to trade produce. A better place to buy.”


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Kingdom Hearts HD 2.5 Remix is coming later in 2014 and we’re going to be seeing it very soon at E3, but why wait a whole week for that nonsense? We’ve got a mess of new screens right here and now for you to sift through. Just relax and let the Disney-meets-Final Fantasy wash over you.
The game combines Kingdom Hearts II and Kingdom Hearts: Birth by Sleep into one package, complete with remastered visuals and further bolstered by new boss battles, weapons, abilities, minigames, and cutscenes. We know it’s coming to PlayStation 3, and we’re expecting Square Enix to reveal more specific release plans either at or right around E3.
- ‘Kingdom Hearts III’ will get minigames inspired by classic LCD handhelds
- ‘Jurassic World: Fallen Kingdom’: Everything we know about the sequel so far
- Watch all the Super Bowl movie trailers from this year’s game
- Everything you need to know about the budget-friendly Nokia 2 smartphone
- Welsh police force is first in U.K to use virtual reality to train its officers


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Bud Darr, Executive Vice President Maritime Policy and Government Affairs, MSC Group, will explore future fuels and technologies in the opening keynote at Decarbonizing Shipping Forum on 15 December. MSC, as the lead sponsor, invites everyone to register on the event website to follow the discussion online.
In his keynote address, Bud will explain the current options available on the market and why alternative fuel options and technologies are needed in order to make a lasting impact and reach the ambitious goals to decarbonise shipping. The event offers an interactive virtual platform to discuss the challenges and opportunities related to decarbonising shipping, as well as an option to network with industry peers.
Climate change is a global issue that requires global solutions. Shipping industry, which is already a very heavily regulated industry, is facing increasing pressure to reduce emissions. Container shipping is the backbone of global trade and also the most environmentally-friendly form of mass cargo transportation.
Across the value chain a range of stakeholders from policy makers to ship owners and fuel suppliers are exploring solutions to meet the decarbonisation targets set by the UN IMO. A huge investment in R&D is needed to bring viable, scalable solutions to the market for shipowners to use.
MSC has invested heavily in energy and operational efficiency and is running the largest container ship investment programme in the industry. In addition, the company is actively exploring and trialling a range of alternative fuels and technologies to accelerate decarbonisation.


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- In the recent quarter, Toyota’s operating profit plunged 98% to about $129 million, and its global sales fell to 1.85 million vehicles.
- Toyota boosted overall incentives by 18% to an average of $2,715 per vehicle, according to Kelley Blue Book calculations.
- Toyota saw hefty increases in Average Transaction Prices (ATPs), helping to offset higher incentives.
Toyota eked out a small profit for the quarter ended June 30, thanks to immediate cost cutting, including R&D outlays, and a faster-than-expected rebound in China. It still expects to make $7 billion in this fiscal year.
In the recent quarter, Toyota’s operating profit plunged 98% to about $129 million, and its global sales fell to 1.85 million vehicles.
Toyota executives said earnings through the rest of its fiscal year, which ends March 31, 2021, are subject to change due to uncertainty regarding the pace of economic recovery and new waves of the coronavirus. Toyota currently expects net profit for the year to be nearly $7 billion, down 64%.
Global retail sales for Toyota likely will fall 13% to 9.1 million vehicles, with declines in almost every region, including a 14% drop in North America. Toyota expects sales to reach year-earlier levels by end of 2020 and start growing again early in 2021.
Here are some data from Cox Automotive on Toyota’s quarterly market performance in the U.S., one of the Japanese automaker’s most important markets.
Sales and Market Share
Toyota sold 397,249 in the U.S., a decline of 34% from the year-ago quarter. Sales of Toyota branded vehicles dropped 35% to 347,173 vehicles. Lexus sales fell 27% to 50,076 vehicles.
The sales decline caused Toyota’s overall share to slip slightly to 13.69% from 13.77% a year ago, according to Cox Automotive data. The Toyota brand dropped to 11.97% market share from 12.20%. Lexus gained share, up to 1.73% from 1.57%.
Toyota models with the lowest sales declines were the 4Runner SUV and CH-R crossover, both down only 2%; the Tacoma and Tundra pickup trucks, down 7% and 20%, respectively. Highlander sales were down 47%. The redesigned model has been in slow launch at the Indiana plant that makes them.
In contrast, Toyota car sales saw the biggest declines: Avalon, down 58%; Camry, down 48%; and Corolla, down 46%.
Toyota struggled with extremely low inventory during the quarter even though its plants are back up and running in the quarter. Both the Toyota and Lexus brands had been at or near the bottom of lowest inventory for several weeks. In particular, the Toyota RAV4, which had sales fall 27%, is in high demand but with one of the lowest supplies in the industry. Likely Toyota would have sold more RAV4s if it had them.
The only Lexus model to post higher sales was the GX SUV. Toyota recently announced it would discontinue sales of the GS as consumers prefer SUVs to sedans like the GS.
Toyota boosted overall incentives by 18% to an average of $2,715 per vehicle, according to Kelley Blue Book calculations. That is the highest amount for the quarter for the past five years but still relatively low in the industry.
The Toyota brand had a 19% increase in incentives to an average of $2,275, still below than in the same quarter in 2017. Lexus incentives rose 9% to $4,765 per vehicle, its highest for the quarter over the past five years.
Toyota saw hefty increases in Average Transaction Prices (ATPs), helping to offset higher incentives. Toyota’s ATPs for both brands was $35,782, up 6% from a year ago, according to Kelley Blue Book calculations.
The increase came from the Toyota brand, which had a 7% increase in ATP to $33,868. The new Highlander followed by the 4Runner had the biggest ATP increases with the RAV4, Tacoma and Tundra posting hikes as well.
Lexus’ ATP was about flat at $49,051. The RC’s ATP skyrocketed by nearly 16% to $58,340.


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This Monday, April 15, the Tokyo Disney Resort will officially kick off its year-long celebration of its 30th anniversary. One of the exciting new elements joining the line-up is a brand new parade titled ‘Happiness is Here,’ with massive and dynamic floats designed by Kevin Kidney and Jody Daily. Although the parade doesn’t officially start until Monday, Tokyo Disneyland has been offering a soft opening to guests, inviting them to preview things to come.
‘May the 7th be with you,’ is probably something you won’t be hearing a lot of next year, but just a few days after The Walt Disney Company announced its intentions to acquire Lucasfilm to produce new Star Wars films, the Tokyo Disney Resort has announced it will hold its grand opening for ‘Star Tours: The Adventures Continue’ on May 7, 2013 — just a few days after ‘Star Wars Day’ on May the 4th.
At a price tag just north of US $87 million, the updated attraction brings the same 3D randomized experience to Tokyo Disneyland as it has already done for both Disneyland in Anaheim, California and Disney’s Hollywood Studios at the Walt Disney World Resort in Orlando, Florida.
As previously reported, Toy Story Mania! will be opening at the Tokyo DisneySea Park at the Tokyo Disney Resort on July 9. The attraction, already immensely popular at other Disney theme parks, will be the focal point of the all new Toyville Trolley Park, an old-fashioned amusement park in New York. Guests will enter the attraction via the mouth of a 26-foot tall sculpture of Woody’s face.
On April 15, 2013, the Tokyo Disney Resort, owned and operated by the Oriental Land Company (OLC), will celebrate its 30th anniversary. To help commemorate creating a generation of memories in Japan, the Resort has produced a television ad in the anime style. The ad follows the life of a woman as she visits Tokyo Disneyland for the first time as a child, falls in love at the park as a young adult, gets married in the park, brings her child to the park for the first time and is eventually seen as (presumably) a grandmother.
Goofy’s Paint ‘n’ Play House will allow up to eight guests to redecorate Goofy’s room in a unique and toony fashion with what seems like real paint.
Groups of guests work together to colorfully paint a room in Goofy’s house using special paint applicators, called Toontone Splat Masters. To paint areas of the room, guests aim the Splat Master at the wall or furniture they wish to color and simply activate the applicators.
Oriental Land Company, Ltd., owner and operator of the Tokyo Disney Resort, has announced that on July 9, 2012, it will welcome the 3D attraction ‘Toy Story Mania!’ based on the popular Toy Story franchise from Disney/Pixar to the Tokyo DisneySea theme park.
The 3D attraction, a first for the resort, will be located in a new area of the park, Toyville Trolley Park, themed to an old-fashioned amusement park. Guests will enter the attraction through the ‘wide open mouth’ of Woody whose face will measure more than 26 feet in height. Once inside the attraction, the queue will appear full of ‘oversized’ toys and board games, similar to that of the queue at Disney’s Hollywood Studios. At this time there is no mention of the troubled Mr. Potato Head interactive audio animatronic found at both the Walt Disney World and Disneyland Resort (Disney California Adventure) locations.
Oriental Land Company, owner and operator of Tokyo Disneyland, has announced that it will be following in the footsteps of the Walt Disney World and Disneyland Resorts and will be updating its ‘Star Tours’ attraction in Tomorrowland. With an estimated cost of 7 billion yen (approximately $91 million US), ‘Star Tours: The Adventure Continues’ is expected to open in spring 2013.
From the initial announcement, it does not appear that the attraction will differ from that of the recent makeover at the Disneyland and Disney’s Hollywood Studios theme park. Just yesterday, the attraction redo was recognized by the Themed Entertainment Association (TEA) and will receive a Thea Award for its refresh.
Despite original intentions to return ‘Captain EO’ back to the vault on June 30, 2011, the Tokyo Disneyland Resort today announced that the attraction will instead remain at the park indefinitely, forcing the permanent closure of the attraction it displaced, ‘MicroAdventure!’
Tokyo Disneyland, which is owned and operated by the Oriental Land Company under license of The Walt Disney Company, has been the only Disney Resort to acknowledge an end date for the attraction which has returned to Disneyland, Walt Disney World’s Epcot and Disneyland Paris.
The Walt Disney Company today released its second Corporate Citizenship report detailing Disney’s progress on environmental and social impacts. The report also includes the Company’s first set of comprehensive citizenship commitments and goals, aligned around three core principles:
- Act and create in an ethical manner and consider the consequences of our decisions
- Champion the happiness and well-being of kids, parents and families in our endeavors
- Inspire kids, parents, employees, and communities to make a lasting, positive change in the world
The Tokyo Disneyland Resort has announced that Jasmine’s Flying Carpets will officially open at Tokyo DisneySea on July 18, 2011. The attraction is fashioned a la Dumbo and has sixteen vehicles in the form of a magic carpet, each capable of holding four guests. Guests are able to control the height and tilt of their carpets. For friends and family not riding the carpet, an elevated viewing platform will be offered.
The attraction is sponsored by NTT Communications Corporation and will be located in the Arabian Coast area of the Tokyo DisneySea park.


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Investors will soon get to trade Bitcoin futures on CME, a sign cryptocurrencies are about to go mainstream...
The Chicago Merchant Exchange (CME) announced today (Dec. 1, 2017) that it will begin trading Bitcoin futures on Dec. 18. A futures contract allows an investor to buy or sell a commodity at a predetermined price on a specific future date.
CME is the world's largest futures exchange, and that will help Bitcoin and other cryptocurrencies gain legitimacy with investors. Bitcoin will now be treated similar to other commodities, like precious metals and oil.
It will also allow investors to reduce the risk of owning Bitcoin and could bring more stability to crypto investing....
You Can Hedge Your Bets with Bitcoin Futures
Right now, the only way to profit from Bitcoin is to own it or invest in publicly traded companies that accept Bitcoin payments or mine Bitcoin.
That also means, if prices fall, Bitcoin investors can't limit their losses or make a profit, since there aren't any financial tools to hedge against price changes.
But thanks to CME Bitcoin futures, that will all change on Dec. 18.
If you believe Bitcoin prices have climbed too high too quickly, then you could hedge the risk by shorting a Bitcoin futures contract.
Top 5 Cryptocurrencies to Invest in Today
And CME's Bitcoin futures news is even better for investors who want to profit from Bitcoin without the risk of owning it.
If you think Bitcoin prices are going to rise, you could buy long positions on Bitcoin futures that will gain value as Bitcoin prices go up. That means you can profit without having to worry about buying and securing the digital currency.
As more details unfold, we will keep Money Morning readers informed through our free cryptocurrency Profit Alerts service. It gives you real-time recommendations and price updates on only the best ways to make money now.
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© Reuters. FILE PHOTO: A man in a protective face mask walks past a Nike branded store in Kiev, Ukraine, Dec. 10, 2020. REUTERS/Valentyn Ogirenko/File Photo
By Uday Sampath Kumar
(Reuters) -Nike Inc said on Monday that manufacturing issues that hampered sales in the past six months are now behind us, allowing the company to take advantage of rising demand for athletic footwear and apparel.
Shares of the world’s largest sportswear manufacturer rose 5.9% to $137.90 in extended trading, as it also beat third-quarter revenue and earnings estimates.
Pandemic-related factory closures last year in Vietnam, where about half of Nike (NYSE:) shoes are made, and the slow return to normal production in the country led to shortages of Nike, Jordan and Converse sneakers in most markets.
All Nike factories in Vietnam are now operational, with total production of footwear and apparel in line with pre-closure volumes, said Matthew Friend, the company’s chief financial officer.
However, shipping delays were still a concern for Nike, especially in North America, where transit times have deteriorated, Friend added.
The company’s sales in North America increased 9% in the third quarter, helped by ongoing pandemic demand for sportswear, return of school sports and price increases.
“As people returned to some sort of new normal, there were still a lot of outdoor activities involved, like trail running, golf, and tennis,” said Jessica Ramirez, retail analyst at Jane Hali & Associates.
Greater China sales fell 8% in the third quarter as Nike was forced to prioritize shipping its limited supplies to North America over the Chinese market.
The company said it was unclear how a new wave of COVID-19 cases in China would impact its fourth-quarter results.
Nike revenue rose 5% to $10.87 billion in the quarter ended Feb. 28, while analysts had forecast $10.59 billion, according to IBES data from Refinitiv.
On an adjusted basis, the company earned 87 cents per share, beating estimates of 71 cents per share.
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Fusion Media or anyone associated with Fusion Media assumes no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts, and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.
This post Nike has gone through some setbacks in production; sales jump By Reuters
was original published at “https://www.investing.com/news/stock-market-news/nike-beats-quarterly-revenue-estimates-boosted-by-north-america-demand-2788850”


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Kia Motors Corporation’s Chinese venture, Dongfeng Yueda Kia Motors Co. (DYK), today revealed the new Kia K3 and K3 Plug-in Hybrid at Auto Shanghai 2019.(more…)
Kia Motors is also preparing another specific model for the Chinese market. The South Korean carmaker is finishing the latest touches of a new version of mid-size Sedan K3/Forte/Cerato with slight changes for this particular market. (more…)
Based on the K3 Hatchback GT (as it is known in its local market) which was announced on mid September, today we can share with you the first official pictures of the Canadian-spec Forte 5 GT that been caught premiered yesterday.
Hyundai announced the launch of the All-New Avante Sport (how it is called on its local market) with a more dynamic design, a powerful driving performance, and a variety of advanced driving support systems and convenience features. (more…)
After we showed you guys a set of spy shots and a render of how the facelift of the Elantra Sport could look a few days ago, today we have got the first official pictures taken at South Korea’s Super Race Championship this weekend. (more…)


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Ola gets aggregator license to operate in Karnataka
Bengaluru, June 22: After a long-drawn struggle between Ola and the Karnataka state transport department, Ola Cabs becomes the first licensed cab aggregator in India.
The Karnataka On-demand Transportation Technology Aggregator Rules 2016 which mandates the companies to cap surge pricing and the fare should not exceed Rs19.50 per km for an AC car and Rs14.50/km for non-AC vehicle along with carrying GPS/GPRS enabled monitoring system.
The Economic Times reports that the Karnataka state government has given Ola the license to operate in the state after the cab aggregator was able to meet the conditions of the new guidelines for cab aggregators. This makes Ola the first cab aggregator to operate legally in the state. When contacted by MediaNama, Ola refused to comment.
The other companies that have applied for the license are Uber, TaxiForSure, Ridz, Shreyas and Welink.
H G Kumar, state transport authority officer told TOI in an exclusive chat: “I have signed and approved the license for Ola on Monday. They are now legalized as cab aggregators in Karnataka. But they have furnished details of 100 vehicles only. They have to make several other arrangements as per the new regulations.”
The tussle between Ola, Uber and transport department has been going for a long while now. Over a 100 taxis belonging to Ola, Uber were seized in an enforcement drive conducted by the state transport department in north Bengaluru in the month of April.