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The job losses at restaurants in April are discouraging: three decades of job gains were eliminated, according to the National Restaurant Association.
What Happened To Restaurant Jobs
Eating and drinking establishments across the U.S. lost 5.5 million jobs in April on a seasonally adjusted basis, according to the Bureau of Labor Statistics. A recent survey of restaurant operators across the country suggests many of the remaining 6.4 million employees on payrolls at eating and drinking establishments are likely to lose their jobs.
In total, 21.4 million workers lost their jobs across the U.S. over the last two months, which brings the total employment level back to levels seen in February 2011, according to the National Restaurant Association.
Why It's Important To The Restaurant Sector
Some of the lost jobs could be recovered as eating and drinking establishments reopen across the U.S. In fact, consumers' assessment of their household financial situation "hasn't completely fallen off a cliff," according to the National Restaurant Association report.
The American consumer could be in a better position to help rebuild the economy than previously thought, the report said.
What's Next For The Restaurant Industry
Data compiled by Black Box Intelligence across more than 50,000 restaurant units showed same-store sales and same-store traffic were each down 55% in April.
The month could mark the beginning of a turnaround, as April's performance marks a rebound.
Throughout the bottom half of March, restaurants saw a 67% year-over-year decline in revenue, but since then, same-store sales recovered by 20 percentage points, according to Black Box Intelligence.
"Obviously, we are still far from an ideal situation for the industry," Kelli Valade, CEO and president of Black Box Intelligence, said in the press release. "But the improvement in recent weeks is a testament to the resourcefulness and grit of restaurant operators who adapted and shifted quickly to this new restricted environment and have begun to turn things around."


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Nokia to Produce Broadband Network Electronics Products in the United States
President Biden’s internal economy policy focuses on encouraging important companies to manufacture their products in the United States. Despite the higher costs compared to manufacturing in countries with cheap labor, such as China and Vietnam, the benefits outweigh the expenses.
Nokia, a well-known Finnish brand, is among the first major companies to announce the production of significant products in the United States. Pekka Lundmark, President and CEO of Nokia, recently revealed that the company will manufacture broadband network electronics products for the Broadband Equity, Access and Deployment (BEAD) program.
Nokia has partnered with Sanmina Corporation to carry out manufacturing in the US, specifically at the Sanmina Pleasant Prairie facility in Kenosha County, Wisconsin. The production of Nokia’s fiber-optic broadband electronics products is set to commence in 2024 and is projected to generate up to 200 new jobs in Wisconsin.
“By bringing the manufacturing of our fiber-optic broadband access products to the U.S., BEAD participants will be able to work with us to bridge the digital divide. We look forward to bringing more Americans online,” said Pekka Lundmark.
Nokia has also confirmed that the following fiber-optic broadband products will be manufactured in the United States: Optical Line Termination card for a modular Access Node, a small form factor OLT, OLT optical modules, and an “outdoor-hardened” ONT (Optical Network Terminal).
In addition, the announcement includes some interesting facts about the brand. For instance, Nokia equipment is responsible for seven out of ten fiber broadband connections in North America. Nokia is also the leading supplier of fiber-optic broadband technology for US service providers. Furthermore, the Finnish company was the first to deploy 1, 10, and 25 Gigabit fiber-optic broadband networks in the US.

domain: news


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Google Chrome browser updated for Apple's Retina display MacBook ProGoogle Chrome users with Apple's next-generation 15-inch MacBook Pro can now take advantage of the high-resolution Retina display with their browser.
Google announced on its Chrome blog on Tuesday that the latest "Stable" release of its browser adds support for high-resolution Mac Retina displays. The software is now available for download from Google's website.
The search giant first announced in June that it was working on adding high-resolution support to its browser for Retina display Macs. Chrome stood out as one popular software choice that looked particularly poor on the Retina display MacBook Pro.
Released at the Worldwide Developers Conference in June, the 15-inch MacBook Pro with Retina display has a screen resolution of 2,880 by 1,800 pixels. Optimized versions of Apple's own software for OS X, including its Safari Web browser, became quickly available, while some third-party applications took more time.
Chrome and Valve's Steam were singled out by AppleInsider in its own review of the MacBook Pro with Retina display. While Chrome has now been updated for the Retina display, Steam and other popular applications, like Adobe Photoshop, have yet to be updated.
On Topic: MacBook Pro
- Ten One Design's Inklet is first 3rd-party app to support Apple's Force Touch trackpad
- This week on AppleInsider: Apple's ambitious TV plans, Campus 2 by drone, AAPL joins DJIA, more
- Review: Apple's early 2015 13" MacBook Pro with Force Touch trackpad
- First look: Apple's Force Touch trackpad on the early 2015 MacBook Pro
- Apple issues new OS X 10.10.3 beta, fixing bug that affected latest MacBooks


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Chevrolet announced today the addition of an all-new sedan to its lineup.
Read This Article
As expected, the National Highway Traffic Safety Administration put a 2012 Chevrolet Camaro through its vehicle safety crash tests recently.
The year: 2008.
When looking at South Korean car culture, the first two things you notice are that there are relatively few foreign cars on the road, and there are virtually no sports cars among them.


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Lucid Motors CEO Peter Rawlinson on Tuesday touted what he called the electric car company’s “world-class technology” but acknowledged the challenges surrounding car production.
Rawlinson, a former Tesla engineering executive, appeared on CNBC the morning after Lucid announced a reverse merger with special-purpose acquisition company Churchill Capital Corp IV to go public. It is SPAC’s largest transaction involving an electric vehicle company. SPACs are an alternative to initial public offerings for companies that want to become publicly traded stocks.
CCIV shares plunged nearly 48% to $ 30 a share in early trading Tuesday, before recouping some of those losses, giving the merged company a market value of more than $ 50 billion. according to Reuters, bigger than Ford Motor. By comparison, direct competitor Tesla has a market capitalization of more than $ 637 billion.
Before Monday night’s announcement and the subsequent slide in stocks, recent deal speculation had sent the CCIV up 470% this year alone. Upon completion of the deal, seen in the second quarter, Lucid is expected to trade on the New York Stock Exchange under the ticker LCID.
“I think the valuation is a reflection of our technology,” Rawlinson said, adding that more work needs to be done for Lucid to generate returns for investors. “What we need now is to execute with humility and diligence and put this into production. That is what will really drive the value,” he emphasized, acknowledging that making an electric car on a large scale is a difficult task.
Deliveries of Lucid’s first car, the all-electric Air, are scheduled for the second half of this year, a delay from its previous forecast. Production will occur at a plant the company built in southeast Phoenix in Casa Grande, Arizona. The Air starts at $ 77,400, not including the federal EV tax credit.
Lucid projects it will earn $ 2.9 billion in EBITDA, or earnings before interest, taxes, depreciation and amortization, in 2026, according to an investor presentation. It plans to deliver 251,000 vehicles that year. In addition to the luxurious Air, Lucid plans to start producing an SUV in 2023 and eventually “more affordable” vehicles in the future. Batteries manufactured by Lucid’s technology division, Atieva, are currently used on the Formula E electric racing circuit.
“I think we have an ambitious but achievable plan. We have shown that we can be executives,” Rawlinson said. “If you look at the factory we built today, we did it in record time.”
Rawlinson also spoke about the experience of the executives and managers around him, including those with earlier career stops at companies like Tesla and Apple. The investor presentation said former officials from traditional automakers like Mazda, Ford and Audi are also on board.
“We have the experience. We have the track record in delivery,” said Rawlinson, who worked on the Model S while at Tesla. “However, what is really important now, especially in the coming months, is to put our first product into production. That is the great litmus.”


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A weekly roundup of local food, drink and restaurant news.
Olga's opens at MGM | More poke heads to Midtown | Beyond Juicery squeezes into New Center
A weekly roundup of local food, drink and restaurant news
A Detroit casino is part of the continued rise of a long-beloved Michigan restaurant chain.
Olga's Kitchen opened Tuesday at the MGM Grand Detroit. It's a fast-casual version of Olga's that serves a tighter menu from a walk-up window in the casino's food court. It joins National Coney Island, Detroit Wing Co. and two MGM-branded concepts.
A presence at MGM gives Olga's wider brand awareness because the casino draws visitors from across Michigan and the region, said Mark Schostak, executive chairman of Livonia-based Team Schostak Family Restaurants, the restaurant chain's owner. The local chain filed for Chapter 11 bankruptcy in 2015 and was later revived with Team Schostak in the driver's seat. It revamped its look and menu and dropped its low-performing stores.
The MGM spot is a new format for Olga's, Schostak said. It has other fast-casual locations, but this type of quick service from a vendor's booth is new.
"Any time you open up a new format, there's always learning," he said. "We're going to be able to learn a lot, see how this performs."
It's also a foothold in the Detroit market — Schostak said the brand has been looking around Detroit's central business and arena districts for standalone locations.
Team Schostak wants to open three to five Olga's in the next three years. It has 27 locations, according to its website.
If you thought Poke Burri wasn't enough for poke bowls in Midtown Detroit, you're in luck.
Poke Poke Sushi Unrolled is coming to a space in July at 4501 Woodward Ave., which used to house Firehouse Subs.
The chain centers on poke (po-kay) bowls, a trendy concept trickling into the Detroit area that generally comprises raw fish on top of rice and assorted toppings and flavors. That's an interpretation from its origins as a traditional Hawaiian dish with sliced raw fish, salt and seaweed, according to Eater.
Poke Poke has locations in Southfield, Farmington, Troy and Ann Arbor, according to its website. Other spots are planned in Dearborn, Grand Rapids and Tampa.
"We're foodies — we travel and search to find new places, all of the time, and realized that our beautiful hometown of Detroit is in dire need of a neighborhood Poke restaurant," Poke Poke said on its website.
Crain's reported in late May that another poke bowl restaurant chain is expected to enter Midtown: Poke Burri is replacing Le Petit Zinc in the Strathmore Apartments building. In addition to putting it in bowls, Poke Burri shapes its sushi as doughnuts and burritos.
Beyond Juicery + Eatery is squeezing in a second Detroit location in the New Center area.
The juice bar and restaurant, which offers juices, smoothies, wraps, quinoa bowls and more, is planting its next location inside The Boulevard, a 231-unit residential and commercial project at the northwest corner of Third Avenue and West Grand Boulevard, according to a news release.
Other tenants include Orangetheory Fitness and Comerica Bank, which will open a branch location there, the release said.
Established in 2005, the Madison Heights-based Beyond has eight locations in metro Detroit, with additional locations planned for West Bloomfield, Shelby Township and Clarkston, according to its website.
A new Italian restaurant is making its way into metro Detroit this summer headed by celebrity Chef Fabio Viviani.
Bar Verona is set to open July 1 in Commerce Township with menu items including brick chicken with garlic herb sauce, and fried cheese curd with pepper aioli and parmesan cheese, a spokeswoman said in an email.
Viviani, who will serve as the location's co-owner and executive chef, will open an additional Bar Verona location in Washington Township tentatively set to open in August.
Ann Arbor-based Arbor Brewing Co. officially opened its third pub this week in Plymouth.
In addition to regular favorites, the pub features brews exclusive to Plymouth, including Anecdotal Truth, a New England IPA and a West Coast IPA called Grand Excursion, according to Hometown Life. Food options include barbecue, sandwiches, salads and other appetizers.
The new location is at 777 W. Ann Arbor Trail, the former home of Box Bar & Grill.


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Former head of marketing and partnerships at Rocket Internet Gmbh, the parent company of JUMIA Nigeria has joined a
Become a Successful Online Store Owner NOW, Sign up to Konga Mall!
On the trail of successes they have achieved as one of the pioneers of online retail in Nigeria, co-founders of ...
Suffolk County prosecutors said an indictment was unsealed Wednesday, charging 21-year-old Brittany Ozarowski, formerly
In line with its commitment to offering best telecoms experience to Nigerians, leading telecoms services provider, Airtel
Janet Jackson shocked the world when she revealed she married her billionaire boyfriend Wissam Al Mana, but it turns out
The Benin edition of The Future National Enterprise Conference has been announced to hold on Friday, April 12 at ...


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St George Bank has given its online business banking services an upgrade by launching an app for small businesses.
Showing results 1 to 20 of 263
The tech titans chose to tailor their initial batch of apps to enterprise customers in banking, retail, insurance, financial services, transportation and government.
A Netsuite rollout at New Zealand-listed trading website Trade Me saw the end of what could have been the world's largest QuickBooks implementation.
After six years of upgrading and overhauling its core banking system, the Commonwealth Bank is in a position to deliver a steady stream of new products and services to customers, CEO Ian Narev has said.
French bank Groupe BPCE has announced that it will allow its customers to transfer money using tweets, signalling a move into new potential revenue streams for Twitter.
Commonwealth Bank's CIO David Whiteing has warned that there are a number of security risks associated with migrating ATM and Eftpos banking services from Telstra's network to the NBN fibre.
Suncorp Bank aims to "future proof" its capabilities and services with its Ignite project that will see the overhaul of its entire core banking system.
A number of Commonwealth Bank's services are down, including ATMs, EFTPOS, and internet banking, as a result of a technical outage.
The cryptocurrency has suffered an extreme blow in China as the government bans banks and payment service providers from dealing in Bitcoin.
With China's technology companies tipped to be given licenses to provide banking services, traditional brick-and-mortar banks are venturing out into the online realm to better compete against these new market players.
T-Mobile doesn't look to be satisfied just mixing it up in the wireless carrier industry as they are now offering consumers an alternative to costly banking services.
India's Bitcoin trading platforms, including the largest, have suspended services following a recent public warning by the central bank over the risks of virtual currencies.
Monthly statements belonging to 647 private banking clients were stolen via the bank's outsourced printing services provider. The theft was discovered after the files were found on a laptop recently seized from alleged hacker "The Messiah".
Along with mobile, peer-to-peer (P2P) lending is a major potential disruptor to the banking and financial services sector.
A SingTel employee has been blamed for causing a fire last month that brought down various banking and communications services in Singapore.
Singapore telco says damaged fiber lines are back up and running, but some affected networks may need adjustments to come back online following a building fire that affected several banking and telecom services.
Consumers in the Asia-Pacific region are more likely than the global average to use their mobile devices for banking purposes and to purchase goods and services, finds SAP survey.
Some of the main banking services that the Commonwealth Bank of Australia offers were forced offline this weekend due to an outage.
ANZ has re-signed SingTel and Optus Business to provide telecommunications and managed services to the bank.
Despite increasing security threats and competitive pressures, a Capgemini straw poll of banking and financial services executives has found one-third aren't modernising their systems and just 6% are enhancing their IT security.


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The Q3 MetLife & U.S. Chamber of Commerce Small Business Index indicates the majority (69.7%) of small business owners have a positive outlook about their company and the small business environment in the U.S. Their optimism continues to increase and overall business health is up one point from last quarter. The optimistic outlook, the current economic climate, and recent legislative reforms are creating a stronger environment for small business owners to grow their businesses.
“Small business owners continue to tell us that they are confident in the national small business environment, and, just as encouraging, most have confidence in their local environments as well,” said Jessica Moser, senior vice president for Small Business Solutions at MetLife. “This bodes well for the U.S. economy, as small businesses are consistently an engine for growth all across the country: purchasing equipment and inventory, paying taxes, and employing ever-increasing numbers of individuals.”
This is the sixth consecutive quarter the Index has risen, and year over year the Index score has increased by 7.4 points. The rise in optimism reflects a rebound in the national economic outlook and denotes the highest levels in the history of the survey.
Amid the general optimism, access to capital is strong. However, that access differs across all small businesses. Less than one-quarter (23%) of small businesses report that it is hard to obtain financing, but opinions vary based on recent experience with the financing process. Those having sought financing in the last year are twice as likely (41%) to report that getting access to credit is difficult than those that have not tried (20%). Businesses that have applied for credit at some point in the past, rather than in just the past year, were more likely to say it is easy to obtain financing (70%) rather than difficult (24%).
“After the 2008 financial crisis there was a decline in small businesses’ access to capital. Recently, Congress took steps to make it easier for small businesses to get capital,” said Tom Sullivan, U.S. Chamber vice president of small business policy. “We are moving in the right direction, but more policies that ease small businesses’ access to financing need to occur to ensure this vital sector of our economy continues to grow, create jobs, and positively impact communities across the country.”
Small businesses that report to be in good health and those that stated they were not in good health were equally likely to have sought financing in the past year. The 71% of small business owners who say their operation is in good health indicate it was easy to obtain financing or credit, while only 40% of those in not good health indicate the same. Businesses in not good health are more likely to receive only a partial amount (41%) or be rejected altogether (25%), than those in good health (10% and 8%, respectively).
The longer a small business has been in operation, the more likely it is to receive the full amount of financing. Three-quarters (75%) of businesses in operation for more than 20 years received the full asking amount versus two-thirds (66%) of companies with 11 to 20 years in operation, and just half (51%) of those in operation for less than 10 years.
The overall optimistic outlook and current economic conditions have influenced small businesses’ reasons to secure financing. Nearly half (44%) of small businesses that applied for financing in the last 12 months are more likely to say they plan to increase investment in their business in the next year than those who have not applied for financing (21%). Additional motivators were to buy new equipment (27%), keep up with increased local competition (22%), expand/upgrade facilities, (20%), or buy inventory (9%). Only 11% of business owners said the financing was necessary to keep the business afloat.
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- 2 min read
Parle Products hikes biscuit prices by 5-10 per cent as input cost soars
In the biscuit segment, Parle, which owns popular brands such as Parle G, Hide & Seek and KrackJack, has increased the prices by 5-10 per cent and 7-8 per cent in the rusk and cake segments, respectively. The price of its most popular glucose biscuit Parle G is now up by 6-7 per cent.
The price of its most popular glucose biscuit Parle G is now up by 6-7 per cent.
"We have taken a 5-10 per cent price hike," Parle Products Senior Category Head Mayank Shah told PTI.
The company has increased the prices of biscuits and other products above Rs 20 and has reduced the grammage of below it to retain the attractive price points, he added.
This is the first hike by Parle in this fiscal. Earlier, in the January-March 2021 quarter also, the company had gone for a price hike.
"This is after considering the inflationary pressure on the input cost that we are facing. Most of the companies are facing it," he said.
The company is facing inflationary pressure as prices of input materials such as edible oil have gone up by 50-60 per cent compared to last year, he said.
"If we look at wheat and sugar, both are up by 8-10 per cent compared to last year," Shah added.
Earlier this month, rival firm Britannia Industries said it is witnessing "unprecedented inflation" in market prices of palm oil, industrial fuel and packaging materials and had also initiated necessary price increases across the portfolio.
Several FMCG companies operating in the food space are facing the inflationary trend in commodity prices along with increased transportation changes due to an increase in fossil fuels prices.
Most of them have revised the prices by passing on most of it to the consumers to retain the margin levels.


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A direct-to-consumer women’s vitamin subscription company Ritual has announced $25 million in Series B funding. Founded in 2015, Ritual operates in the vitamin and supplement industry.
According to the company, it develops a science-first, reimagined multivitamin that delivers clean essential nutrients many women lack in their diets.
Reporting over 1 million bottles sold, the direct-to-consumer, subscription-based company says it has disrupted the vitamin supply-chain with absorbable ingredients that previously were too expensive to include in multivitamins. Ritual’s core philosophy is that all women deserve better products to live healthier lives.
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The Series B funding is spearheaded by existing investors Lisa Wu at Norwest Venture Partners (Jet.com, Plaid, Opendoor), alongside Kirsten Green at Forerunner Ventures (Hims, Dollar Shave Club, Glossier), and Brian Singerman at Founders Fund (Stemcentrx, Oscar Health, Airbnb).
Wu also joins Ritual’s female-led board, bringing her e-commerce acumen to usher in the next chapter of Ritual’s end-to-end digital customer experience.
Ritual’s recent round of funding will be invested directly into product innovation and scientific research and development as they continue to challenge the status quo and work to improve the quality of vitamins for all of womankind. To date, Ritual says it has raised $40.5 million.
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OKAY, SO LIFE IS FEELING a little bleak in the western world. Everyone everywhere is scared and it all feels like it’s falling apart. Here’s the story you’ve been looking for. In downtown Madrid, a new restaurant is charging the rich to feed the poor. It’s called “Robin Hood,” and the concept is simple: people who are able to pay come in for breakfast and lunch. They pay a little extra, and this extra foots the bill for the dinner guests, who are homeless.
The idea was thought up by an 80-year-old priest, who thought that the homeless should be able to eat in dignified settings just like everyone else. They get a fancy, well-cooked meal, and they get it for free. The restaurant is a hit, and is one of the most sought-after reservations in the city. There are plans to expand this model of restaurant out — and there’s no reason this type of restaurant couldn’t catch on everywhere.


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Toyota Not Ready to Jump on Small Displacement, Turbo Engine Bandwagon
October 16, 2013 9:26 AM
comment(s) - last by
Larger displacement Atkinson cycle engines may be in the future for Toyota
A number of automotive manufacturers have begun to move away from larger displacement naturally aspirated engines to smaller displacement turbocharged engines. The general idea was that smaller and lighter engines would use less fuel while offering the same sort of performance thanks to the addition of a turbocharger. However, in the real world many drivers have discovered that turbocharged small displacement engines are often
unable to deliver on their fuel efficiency claims
Toyota is considering bucking the industry trend and rather than going with smaller turbocharged engines, is considering larger naturally aspirated engines to improve fuel efficiency. Senior managing officer in charge of drivetrain R&D for Toyota Koei Saga recently said that Toyota believes gasoline engines could benefit more from upsizing capacity in conjunction with Atkinson combustion cycles than going smaller with turbochargers.
Atkinson engines today are typically only used in hybrid vehicles like the Prius,
Ford Fusion Hybrid
Hyundai Sonata Hybrid
Honda Accord Hybrid
Increasing the displacement of an engine using the Atkinson cycle would deliver a specific output less than that of similarly sized conventional combustion cycle engines, but fuel economy would be better. Toyota believes that fuel economy would be better than the smaller engines they replace.
Toyota has offered no timeframe for bringing larger displacement Atkinson cycle engines to market and hasn't hinted at which models might get the Atkinson cycle engines.
Mazda experimented with similar “delayed valve”
Miller Cycle technology
over a decade ago in the
Millenia midsize sedan
. But instead of using electric motors to make up for the reduced power density like today’s Atkinson-engine hybrid vehicles, the Millenia used a supercharger.
Saga also talked a bit about the
next generation Toyota Prius
saying that the vehicle will use a mixture of battery technology including lithium-ion and nickel batteries. The reason for mixing battery types is that lithium-ion batteries are better for performance, but the durability and lifespan is better for nickel batteries.
Green Car Reports
This article is over a month old, voting and posting comments is disabled
RE: According to whom?
10/16/2013 2:04:02 PM
Yeah, I've lived in 4 different major metro areas, and I've seen that in every one, but a little more pronounced in certain areas of Chicago. (NW suburbs of Chicago are DANGEROUS. you have a mix of super aggressive, from downtown, and super passive people, from the local area. Getting caught between them is a really bad idea.) Stupid is everywhere.
I recently saw an old woman in the Denver Tech area in the evening rush hour merge onto I-25 doing about 40, and move over two lanes at once. It caused a 7 car accident across those two lanes from the people who had to slam on their brakes to avoid her, and she didn't even seem to notice the chaos and damage she unleashed. Luckily, I was in the third lane over and missed it all, and managed to pass her. She didn't even signal in any of her lane changes and moved all the way over to the left lane, doing 55 in a 65 zone, causing all sorts of traffic problems behind her, all in the less than 3 miles I watched her until I got off the highway.
A lot of the people I talk to who drive that way think it's safer, clueless of what they unleash on other people. I've tried explaining it, and they just come back with "those other people shouldn't be going that fast anyway." It's the Dunning-Kruger effect in its full glory.
RE: According to whom?
10/17/2013 6:40:51 PM
Your story about the old woman driving reminded me of this video:
"Nowadays you can buy a CPU cheaper than the CPU fan." -- Unnamed AMD executive
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text:
At least three Wall Street analysts expressed reservations about DoorDash, rating shares neutral after mixed quarterly results from the food delivery company.
The online-food delivery company (ticker: DASH) posted a loss of $1.65 a share in the fourth quarter, wider than the 68-cent loss expected by analysts surveyed by FactSet. Revenue in the quarter grew 40% year over year to $1.8 billion, slightly above the consensus of $1.77 billion.
issued a stronger-than-expected profit forecast for the 2023 fiscal year, signaling the company’s expectation that customer spending will remain strong despite the higher price of food. The company expects earnings before interest, taxes, depreciation, and amortization to be between $500 million and $800 million, doubling from last year’s earnings of $361 million. The midpoint of their projection is higher than Wall Street’s estimate of $578.3 million.
Shares of DoorDash were trading nearly 7% lower at $62.29 in Friday trading. The stock has rallied 30% year to date and was initially up in after-hours trading on their quarterly results Thursday.
In commentary published after the results, multiple Wall Street analysts boosted their share price targets while advising investors to sit tight on the stock.
UBS analyst Lloyd Walmsley reiterated his Neutral rating on the stock and lifted his price target to $68 from $58. He’s encouraged by customer adoption of the platform, but said he has concerns about whether people will continue spending on food delivery amid layoffs.
RBC’s Brad Erickson also reiterated his Neutral equivalent rating on the shares and raised his price target to $75 from $60. Erickson, like Walmsley, worries about a slowdown likely triggered by a recession.
In the company’s quarter call, DoorDash CFO Prabir Adarkar said “there’s uncertainty around macro issues” such as the economy. He noted the company is confident in its fundamentals and includes that uncertainty in its outlook.
Mizuho analyst James Lee, who has a Neutral rating on shares and a $75 price target, said investors should wait for a better entry point since DoorDash is trading at a premium to its peers. Shares trade at an enterprise value-to-sales multiple of 4.7 times, more expensive than
), which trade at about 2.08 times and 0.68 times, respectively, according to FactSet.
Still, other analysts are pounding the table on shares. Truist Youssef Squali reiterated his Buy rating and raised his price target to $102 from $101, citing the company’s “maniacal focus on execution.” Needham’s Bernie McTernan also reiterated his bullish rating.
Write to Karishma Vanjani at email@example.com


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Apple has just released the second iOS 11.4.1 developer beta – arriving just after 2 weeks when the first beta was released. This beta update doesn’t bring any new features, just the fixes to the existing bugs and enhancement to the performance.
With developer beta now out you can expect the public beta to shipped in a few days as well. Here are the new software versions:
- iOS 11.4.1
- macOS 10.13.6
- and tvOS 11.4.1
There is no second beta for watchOS 4.3.2 at the time of publication. This was all with this new update, no new feature whatsoever.
You can download the new software from Apple’s Developer Center. The update, as usual, is also rolling over-the-air so if you have enrolled into Apple’s testing program you might already have started seeing the notification of the new update.


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There are not a lot of big step-changes in solar technology, but silicon carbide (SiC) could be one of these. The material holds promise for inverters, by allowing for smaller chips with greater power density as well offering a greater switching frequency, meaning fewer of the “passive elements” that make inverters big, bulky and more expensive.
And last week silicon carbide got a big boost when the company that pioneered industrial production of SiC announced plans to invest up to $1 billion to build an automated silicon carbide fab and “materials mega-factory” at its headquarters in Durham, North Carolina.
Cree says that the new factory will enable an increase up to 30x in its capacity to make silicon carbide by the time it is online in 2024, versus the company’s production in Q1 of 2017. It could also speed the move to 200 mm wafers, up from 150 mm, although initially the factory will put out 150 mm wafers.
Specifically, Cree plans to invest $450 million in its North Fab, $450 million in the adjacent megafactory, and $100 million in other investments related to the business. It also notes that by using mostly refurbished tools, it will be able to build the new fab at 1/3 the cost of a factory using entirely new tools.
EVs, 5G networks and inverters
It’s not clear exactly which markets Cree is targeting with its new production, and inverters are not the only application which would benefit from SiC. The company mentions solutions to extend the range and reduce charge times for EVs, as well as supporting the rollout of 5G networks globally.
Simon Price, the head of research at Exawatt, says that while inverters were the main market for SiC semiconductors a year or two ago, that this how now switched to EVs, with the Tesla Model 3 driving demand.
“This is in part due to the far higher overall material requirement (an EV is a device hog) but also because the value proposition for SiC is so strong in EV applications, where size, weight, performance and conversion efficiency are all critical,” Price told pv magazine.
Price estimates that SiC components can add 5-10% to the range of an EV. “As SiC prices fall, we expect SiC to gradually become the dominant semiconductor material used in EV powertrains,” states Price.
He also says that while inverters could “absolutely” be a market for the output of this new factory, that the EV market is currently higher value. However, if SiC for inverters ended up benefitting from the technology development and economies of scale driven by EV applications, this would not be the first time that EVs have accelerated the adoption of a material beneficial to the solar industry. Both cost reductions and technology improvements in lithium-ion batteries have also been driven by the growing EV industry.
A U.S. materials industry?
And while lithium, cobalt, graphite and other materials for the EV market have been dominated by China, SiC is a material whose production is booming in the United States.
Cree’s move to scale its SiC production follows on the launch of an SiC fab by GT Advanced Technologies in New Hampshire last year, and Danfoss has also built a factory in collaboration with State University of New York (SUNY) – although the last news we heard about this collaboration was GE pulling out in late 2017.
However, unlike GT which so far only makes the material, and Danfoss which only makes electronic components using SiC material, Cree makes both SiC material and components.
Simon Price of Exawatt says that due to Cree, the United States is a leader in SiC production, although European and Japanese companies are also active. “China is working aggressively to grow SiC material capacity, but is currently further behind technologically,” notes Price.
And the larger market is booming. The problem so far with SiC appears to be largely that supply has not been able to keep up with demand, due to the difficulty in fabricating the material. But with technology improving and the EV market starting to take off, Price says this is driving the scale of output.
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The good news always comes in three's? Newcastle United are reported to be in discussion with two potential partners in Nike and Virgin Money, what will be the third announcement?
First the rumour that Nike are interested in purchasing the naming rights to the Sports Direct Arena stadium, St James Park to the supporters.
Secondly, Richard Branson's Virgin Money, who are to buy Northern Rock, are in talks with the club over replacing Northern Rock as shirt sponsor of the Premier League football team.
The current deal runs out at the end of the Premier League season in May next year. The Northern Rock deal with the Magpies was estimated to be around £4m a year.
While discussions are ongoing as to whether Virgin Money will be the new shirt sponsor, such a move is great PR for Virgin Money in Newcastle and with the big football fan base in the North-East, where the bank's branches are located.


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SAN FRANCISCO (MarketWatch) -- Online gift retailer RedEnvelope Inc. rede said after the closing bell Monday that Chairman Michael Moritz won't seek re-election to its board. The San Francisco-based company said Moritz, who has served as a board member since 1999, plans to focus on early-stage investments.
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Wipro Joins Hedera Governing Council to Provide Decentralized Governance Model for Blockchain
Hedera Hashgraph, an enterprise-grade distributed ledger platform, announced that Wipro Limited, a leading global information technology, consulting and business process services company, has joined the Hedera Governing Council. The Council, designed to be the most decentralized governance model for a public ledger, will include 39 enterprises from a diverse array of industries and geographies.
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Mance Harmon, CEO and Co-founder of Hedera Hashgraph, said, “The conversation around distributed ledger technology (DLT) governance is gaining prominence, with enterprises, developers, and regulators all recognizing the importance of fair, decentralized, and effective governance models. The Hedera Governing Council delivers a governance model that is designed for ongoing decentralization and is considered industry-leading for DLT governance – a status strengthened by the addition of Wipro to the council.”
Members of the Council are responsible for approving updates to the Hedera platform codebase and setting policies for the nodes in Hedera’s decentralized network. Hedera’s governance model protects users by eliminating the risk of forks, guaranteeing the integrity of the codebase, and making the source code open for review. Members serve a maximum of two consecutive three-year terms, ensuring the Council’s decentralization and diversity.
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Harmon concluded, “Wipro joining the Hedera Governing Council highlights our commitment to developers, and a rapidly emerging need for blockchain innovation. With a global presence, Wipro is a prime example of a leading multinational entity making the right moves in the future and adoption of DLT. Joining the Hedera Governing Council, alongside other top enterprises, is a strong signal of their intent to be at the forefront of distributed ledger technology as Hedera grows in the months and years ahead.”
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Facebook (FB.NASDAQ) was a great idea. So was MySpace for that matter. Apparently, people love to catalog their lives online, and Facebook has given them the perfect platform to do just that. Mark Zuckerberg’s dorm room project made him one of the richest people in the world. But the juggernaut that has been Facebook stock may be on the edge of collapse.
For everything that Facebook is, it isn’t a vital technology. They don’t produce anything tangible and rely heavily on advertising revenue to power their burgeoning infrastructure. Herein lies one of their biggest problems. In order to continue to demand big payouts from advertisers, Facebook has to maintain a loyal stable of global users.
Facebook Is Losing Face
The last year has been rough for Facebook’s public image. Cambridge Analytica was a wake-up call for anyone who understands how powerful social media can be in the political sphere, and a recent data breach cost 29 million Facebook users extensive amounts of highly sensitive personal information.
Let’s call all that Facebook’s ‘real’ problem. Betrayal, manipulation and being careless with important information isn’t going to win anyone any friends. But for Facebook, their issues only start with a questionable business model.
The other problem that could seriously affect Facebook from a financial point of view is their slowing revenue growth, potentially overvalued equity, and increasing reliance on niche platforms to drive growth. Right now FB is trading at around 23 times earnings, which has led many to speculate that it’s the buy of the century.
Picking up shares in other major tech companies could cost you a lot more. Twitter is trading at almost 100 times earnings, and Amazon stock is hovering just below 140 times earning at the time of writing. With other high-growth tech names trading at such high valuations, why is Facebook selling at such relatively low levels?
A Scary Scenario
The narrative that’s banging around the financial markets is that while FB isn’t the incredible growth story it once was, it’s still worth buying on a long-term basis. Numerous articles have been run over the last few weeks suggesting that FB makes sense to buy at current levels. But this is a seriously dangerous position.
Changes in the tech world are fast, and FB has entered a period of slowing revenue growth. Some estimates suggest that over the next few years Instagram will drive revenue higher, while FB’s core earnings stagnate. That may be the case, however, FB is facing bigger problems.
When more than 29 million Facebook users recently lost their data to hackers, the level of data collection that Facebook engages in was a surprise to many. Mark Zuckerberg has built up a data collection platform that would have been a wet dream for the East German secret police. For more than a decade, people from all over the world fell over each other to offer up their most personal data.
Today people are waking up to the reality that Mark Zuckerberg isn’t some cool young guy who wants to connect people. Instead, he is sucking up any information he can get his hands on, and selling it to the highest bidder.
People have only had a few months to digest the fact that their location, communications, and basically anything else Facebook can get in its servers is being stored for future use.
The realization of Facebook’s business model by the public could be a big negative for a company that relies on user trust to generate revenue.
The Technicals Look Tempting, Like the Sirens of Circe
Facebook stock had an interesting summer. Their Q2 revenue miss caused a major sell-off (probably bot-driven), and then the stock seemed to snap higher. Now it has fallen back to the lows that it saw in March, and it is probably going to drop like a brick from here.
The charts actually make FB stock look like a buy, which could sucker people into a major spanking. Both the daily and weekly RSI and MACD indicators are at oversold levels, which could mean that FB is on the edge of a major collapse.
Pay attention to that massive gap lower in July, and look at the volume that drove FB lower. That kind of selling is normal during a top, which is probably in for Facebook shares.
Stay Away From Zuk’s Mess
The existential crisis described above is just one of many problems that Facebook has to deal with. The tech company is also facing a massive fine within the EU and this dynamic could also punish a company that could be operating in violation of a multitude of foreign laws.
To what degree Facebook will be able to muddle through all of these issues is anyone’s guess. The company may fold, or see its operations severely curtailed over the next few years. From an investment standpoint, FB shares should be considered off-limits and could make a good short position for risk lovers.
Featured image from Shutterstock.


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The Lanimer Committee are currently finalising our arrangements for our 2021 September Lanimer Event which will take place on Saturday 4th September 2021. The Committee has once again prepared our popular annual Lanimer Brochure which will be on sale in advance of the September event.
The Lanimer Committee recognise that over the last 18 months the COVID-19 pandemic has been a significant challenge for all businesses and have therefore decided to offer advertising (for this year only) at significantly reduced rates.
The cost of full colour adverts are as follows;
Full Page: £200 (previously £300)
Half Page: £100 (previously £150)
Quarter Page: £50 (previously £95)
We also are offing the following prices for prime advertising pages;
Inside front and rear covers (full page): £275 (previously £400)
Rear Cover (full page): £400 (previously £500)
The brochure is a key fundraiser for our annual festivities, with all advertising revenue going towards the running of this year’s event and future Lanimer Weeks. We hope that by offering these reduced prices for 2021, we can help our valued advertisers promote their business after the difficult past 18 months./
If you would like to purchase advertising space in this year’s Lanimer Brochure, please fill in the form below or email: firstname.lastname@example.org by 6pm on the 17th August to secure an advert.
(we apologise for the short notice, this is due to the ever changing nature of COVID restrictions and how they impact on what we can plan ahead for).
The Lanimer Committee would once again like to thank all local businesses for their generous support of previous Lanimer Brochures, we hope you can join us again this year as we celebrate the Crowning of our 2021 Lanimer Queen Lacey.
LANIMER BROCHURE 2021 ADVERTISING


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Genesis International Buying and selling is about to shutter its operations later this month, in response to an electronic mail despatched to shoppers on Sept. 5 and confirmed in a remark to CryptoSlate.
The choice to stop the over-the-counter buying and selling platform on Sept. 18 was stated to be taken voluntarily and for undisclosed enterprise causes. The remaining accounts will likely be closed by the top of the day on Sept. 30.
Genesis stated in an electronic mail to CryptoSlate:
Genesis has determined to cease providing digital asset spot buying and selling via Genesis International Buying and selling Inc. (GGT). Spot and derivatives buying and selling providers via GGC Worldwide Restricted stay operational. This resolution was made voluntarily and for enterprise causes. We’re working carefully with regulatory authorities to coordinate an orderly discontinuation of providers.
GGT managed to flee Genesis International’s crypto lending-induced chapter earlier this 12 months, a destiny not shared by all Genesis-linked firms. GGC Worldwide Restricted, one other trading-focused entity, will proceed its spot and spinoff buying and selling providers, in response to the identical electronic mail. Genesis is owned by Digital Forex Group (DCG).
This resolution comes within the wake of Genesis Capital’s chapter submitting, a subsidiary of Genesis International. The crypto lender filed an up to date reorganization plan in June aiming to resolve disputes over its preliminary wind-up plan submitted in January. Regardless of reaching a “substantial settlement on sure key points” with its debtors, collectors, and stakeholders, the mediation course of was not but concluded.
Genesis’ insolvency sparked a series of authorized disputes. Notably, the Winklevoss twins-owned cryptocurrency trade, Gemini, filed a lawsuit towards DCG and its CEO Barry Silbert, accusing Silbert of fraudulent monetary reporting to cover Genesis’ monetary instability and ensuing within the lack of roughly $1.45 billion in frozen belongings of the Gemini Earn program’s customers. Silbert and DCG refuted these allegations as “baseless, defamatory, and utterly false.”
Extra just lately, DCG agreed to supply roughly $1.4 billion in new financing to repay Genesis’ collectors, which might substitute the present unsecured DCG debt.
Gemini, nonetheless, rejected the proposed settlement deal between the bankrupt crypto platform FTX and Genesis, in response to an Aug. 31 courtroom submitting. Gemini posits that the proposed settlement between the struggling corporations is a manipulation of the voting course of for the chapter plan – a ‘sweetheart pre-plan deal’ crafted to solely profit Digital Forex Group (DCG), the dad or mum firm of Genesis, on the expense of different collectors.”


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According to a rumor that has started circulating on the net in the past few hours, Sony and Valve have found an agreement to bring Half-Life: Alyx also on PSVR2
Half-Life: Alyx was undoubtedly one of the biggest titles of 2020, for two simple reasons. The first is, quite predictably, the return of a franchise that had been silent for so long that it has become a distant memory. Although Half-Life 3 is still a chimera, with Alyx Valve has brought the brand back into fashion, dusting it off from the ground up and giving what fans have been looking for for a long time: a new iteration. The second reason for Alyx’s success is just as trivial, but perhaps we would never have taken it into consideration at the time: virtual reality exclusivity (or at least initially). Although VR peripherals are undoubtedly a niche reality, a title of such excellent and unsurpassed quality was missing. We continue to hope that it will be the first of a long series.
With the recent official announcement of the PlayStation VR 2, it is now quite clear that Sony’s future investments will also be devoted to next-generation Virtual Reality. And while Firesprite and Guierrilla are working together on the new Horizon Call of the Mountain, a title that wants to redefine the concept of AAA in the world of VR games, the next question is quite simple: and the big titles released so far? And… Half-Life: Alyx?
From what I’ve been told, they have. Not sure when it’s happening though. I thought this was one of those open secrets? https://t.co/RPrdPArDLc
– Nick (@Shpeshal_Nick) January 6, 2022
Half-Life: Alyx on PSVR2? It could be, according to a well-known leaker and insider
In the words of Nick Baker, co-founder of XboxEra and well-known PlayStation leaker, Valve’s title will also find space in the PSVR2 library. In fact, it seems that Sony is looking for an agreement with Valve to be able to also bring Alyx on its new Virtual Reality viewer, accompanied by the new PlayStation Sense controllers, which would make the experience even more immersive and interesting. It all started with a discussion on Twitter, which we leave you right up here in the middle of the article.
We invite you, as always, to take these rumors with a grain of salt, but it does not seem so unlikely that Half-Life: Alyx can also land on Sony consoles with the arrival of the PSVR2. Let us know what you think below in the comments, we will continue to keep you updated with all the news, guides and reviews on videogame and tech! And if you are interested in game keys at advantageous prices, we recommend that you take a look at the InstantGaming catalog!


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Lastminute 'will have last laugh'
SHARES in online travel retailer Lastminute.com have been given a shot in the arm after it ducked the 11 September effect on the holiday market and claimed to be on target to break even in its core operations next year.
Probably the most famous child of the dotcom boom, Lastminute made a loss before tax in the year to 30 September of £53.7m, compared with £35.8m a year earlier.
But chief executive Brent Hoberman, joint founder with Martha Lane-Fox, said: 'We're on track to deliver operational breakeven in the UK and France in about six months. Then the whole business will break even early in 2003.'
He was 'very confident' the firm's £46m cash pile would see the business through until it starts making money. Lastminute burnt through £6.8m in the final three months of the year compared with £16m in the same quarter a year earlier.
It sold tickets and other bookings worth £124.2m in the year - nearly four times the value of its transactions for the previous 12 months. That growth was accelerating through the year, jumping to £46.9m in the final three months from £29.3m in the previous quarter.
Hoberman said: 'There's no doubt the economy and the travel industry are going through tough times. But that has meant there are great deals being offered by the industry at the last minute. Our UK operation saw 76% growth in sales in the last quarter and we expect to do 70% in the next quarter.'
There had been barely any slowdown in the number of people booking holidays since the terror attacks, although there was a trend in Lastminute's sales towards shorter weekend breaks, hotel stays and Eurostar trips to the Continent. The company relied on transatlantic travel for only about 4% of its business before the terror attacks.
Turnover for the year, made up of commission and advertising revenue, stood at £18.4m compared with £3.7m before.
Losses before interest, tax, depreciation and amortisation narrowed to £33.6m from £38.1m the previous year and by 26% in the final three months.
Hoberman and Lane-Fox have slashed the payroll and introduced new technology to boost profit margins at the group. Total staff numbers have fallen by 100 to 580 during the year, with layoffs hitting Britain and France, where the company has been integrating its Degriftour online travel group acquisition.
Lastminute's roller-coaster shares - once worth nearly £5 each - advanced 4 1/2p to 36 3/4p.
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In a statement issued by the Ministry of Trade and Industry yesterday, new changes indicate that pump prices for petrol in Kigali, should not exceed Rwf1,000 per litre while diesel must also not exceed Rwf1,000 per litre.
Prices shifted from Rwf1,050 per litre.
The reduction in fuel prices is mainly due to the reduction in oil prices on the international market in the last three months.
Dar-Kigali cargo ‘moving faster’
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|READ MORE ARTICLES ABOUT "Business"...|


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Tinder is set to launch an in-app currency that users can use to pay for premium services and that they will receive as a reward for good in-app behaviour.
Renate Nyborg, Tinder’s CEO, said: “From a Tinder perspective, we have been talking internally about a Tinderverse, which is more about blurring the boundaries between what is outside and inside the internet.”
The metaverse refers in general terms to the idea of shared virtual spaces that people can access through different devices and in which they can move through digital environments. These spaces can use virtual reality (VR) or augmented reality (AR).
Tinder’s parent company, Match Group, has also discussed a test of South Korean company Hyperconnect, which it acquired this year, in which users can know each other as avatars and engage in audio relationships at virtual dating venues.
Tinder currently offers a number of membership packages above and beyond the free basic version. The options available are Tinder Plus for £38.99 a year, Tinder Gold for £58.99 a year, and Tinder Platinum for £77.99 a year, all offering a range of upgraded services including unlimited likes, prioritised matches, and a global passport to match around the world.


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When Digital Foundry first looked at Bloodborne last month, they reported load times as high as 53.5 seconds when using the stock 500GB hard drive in the PlayStation 4.
Following the 200MB update 1.03 release today, Digital Foundry went back and compared the game from patch 1.01 to patch 1.03, revealing improved load times of up to 32.2 seconds when respawning at Old Yharnham, while respawning at Central Yharnham was improved by 26.4 seconds.
Using the time from when the screen cuts to black, here’s their findings when using the PS4’s 500GB hard drive:
- Central Yharnham – 41.1 seconds (1.01), 33.8 seconds (1.03)
- Respawn at Central Yharnham – 44.4 seconds (1.01), 18.0 seconds (1.03)
- Tomb of Oedon – 30.0 seconds (1.01), 25.5 seconds (1.03)
- Old Yharnham – 45.8 seconds (1.01), 31.6 seconds (1.03)
- Respawn at Old Yharnham – 53.5 seconds (1.01), 21.3 seconds (1.03)
Testing on a Seagate 1TB SSHD Hybrid also yielded similar gains, with the results post-patch 1.03 a few seconds faster than those of the 500GB PS4 hard drive post-patch 1.03.
Despite the improvements to load times, Digital Foundry says the frame-pacing issues remain in Bloodborne, meaning the frame-rate can feel uneven.
How big of a difference have you noticed in the load times?


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Those of you who keep up with the daily news of the sports business likely saw a headline last week that ONE Championship, which bills itself as the world’s largest martial arts organization, signed a first-time sponsorship agreement with insurance company Prudential Singapore.
ONE’s announcement said the partnership will include teaming up with Prudential “to curate special experiences for ONE Championship fans with exclusive gifts and giveaways via social and digital channels, as well as in-person VIP experiences.”
While there is nothing out of the ordinary about that activation plan, what’s compelling about the sponsorship is the fact that despite being a deal between two Singapore-based organizations, it has potential global ramifications.
ONE has been growing at a tremendous pace and will bring its top-flight competition to the home turf of its major MMA competitors UFC, PFL and Bellator for the first time this year, staging its ONE Fight Night 10 card in Colorado in May. ONE signed a five-year media rights deal with Amazon Prime Video last April to stream at least 12 events live annually to fans in the U.S. and Canada. The promotion’s events are available in 150 countries in total.
Depending on the specifics of the agreement, it’s reasonable to assume that the Prudential brand will receive some exposure on ONE’s event broadcasts, not to mention on additional social and digital channels that will cross borders to all parts of the globe.
And that’s where things could get interesting. Prudential Singapore, one of the major life and health insurance companies in its homeland, is an “indirect wholly owned subsidiary of Prudential plc.” Prudential plc is a London-based holding company with insurance businesses across Asia and Africa.
In addition, as the parent company states on its corporate website, “Prudential plc is not affiliated in any manner with Prudential Financial, Inc.” Well, except for the fact that they share the same name and industry.
How many North Americans who saw the announcement of the new sponsorship assumed this was the “Get a Piece of the Rock” Prudential? The Newark-based company with its name on the New Jersey Devils arena. Probably most of us. More importantly, how many more people will have that perception when they see the company name associated with ONE’s events and media, albeit Prudential plc’s logo is red, not blue, and makes no reference to the Rock of Gibraltar or any other promontory.
The real question becomes, is the confusion good or bad for the marketers at Prudential Financial? One could argue they are receiving a free sponsorship association with a popular property without lifting a finger or spending a cent.
But is it one that they want? Although their counterparts at Prudential Singapore see value in being an official partner of ONE, does MMA fit with the brand story that Prudential Financial wants to tell in its markets? It is not unreasonable to assume that a company that has built its reputation on safety and security might not have combat sports at the top of its potential partner list, but it’s also possible that taking a counter-intuitive approach could re-charge a staid brand among a younger consumer target.
While the nascent sponsorship raises many questions, one thing is clear: In our digital world, geographic distance no longer offers the protection it once did to any business sharing a name with another company, especially one in the same industry.


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KidsandCars.org is offering a new tool to help parents drive safer and remember their kids on hot summer days.
“The tool is for parents, to help remember to look before you lock and check the back seat for baby and prevent distractions while driving,” said Amber Rollins with KidsandCars.org.
The CellSlip is a pouch that makes your cell phone inoperable.
“When you put your cell phone inside of it, you won’t get any of your text messages or phone call notifications while you’re driving,” said Rollins. “We want to encourage parents to put their phone in the CellSlip and place it in the seat pocket right in front of their child’s car seat in the back seat, so that they have to open that back door and look before you lock every single time they leave that vehicle.”
Obviously, the baby is your most important cargo anytime you go, but the CellSlip is there to serve as a reminder.
“A cell phone is something that everybody accesses very frequently throughout their day,” said Rollins. “We all have our calendars on our phone, we do all of our shopping on our phone, we’ve got work email and to contact somebody you have to have your phone. All these things that you’d have to go to your phone for and if you didn’t have your phone, you’d have to go back to the car to get it.”
This would make it less likely that baby could ever be forgotten, even if your routine was disrupted in some way, which is the point of the CellSlip. To get the CellSlip, go to KidsandCars.org.


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With Google’s controversial Book Search agreement under review this week in a series of meetings in Brussels, some European authorities have expressed cautious praise of the settlement.
EU Commissioners Viviane Reding and Charlie McCreevy marked the occasion by issuing a lengthy statement calling for an overhaul of European copyright laws to accommodate new digitization efforts such as Google’s (NASDAQ: GOOG), while ensuring that authors and publishers aren’t shortchanged in the process.
“Digitization of books is a task of Herculean proportions which the public sector needs to guide, but where it also needs private-sector support,” they said, noting that scanning efforts already in place have only brought 1 percent of the books in Europe’s national libraries online.
They said that the “challenge for EU policymakers is to ensure a regulatory framework which paves the way for a rapid roll-out of services, similar to those made possible in the United Sates by the recent settlement,” describing the need to digitize the content of Europe’s libraries efficiently and fairly as both a cultural and economic challenge.
The commissioners stressed the importance of updating and streamlining EU copyright laws, particularly with respect to out-of-print and orphan works, or books whose rights owners cannot be located. Those two issues have been among the most controversial in Google’s Book Search settlement.
The commission held an informational hearing on the settlement Monday, and Reding today had a series of meetings with Google and other stakeholders.
In the course of the proceedings, she said that Google had offered the assurance that “European authors will receive the same treatment and the same remuneration under the settlement as US authors.” Google pledged that it would not digitize in-print copyrighted works without the expressed consent of their European authors.
Following the meetings this week, Reding and McCreevy said they would issue a report to European Parliament. The European Commission, the EU’s executive body, has an open proceeding on the matter through Nov. 15.
Reding said today that she planned to work on legislation to address Europe’s digital copyright challenges in the coming months.
The settlement, reached last October to resolve a three-year-old class action suit brought by authors and publishers, is facing a more serious test in the United States.
A judge in a federal court in New York has scheduled a fairness hearing for Oct. 7 to consider the settlement.
Separately, the Justice Department has initiated its own review of the matter.
The U.S. District Court for New York’s Southern District had set Friday as a deadline for the public to submit comments on the settlement, which has come under intense criticism from a variety of groups.
One of the more public efforts appeared in the form of the Open Book Alliance, a group led by the Internet Archive, a nonprofit digital library that enlisted the support of tech heavyweights Microsoft (NASDAQ: MSFT), Yahoo (NASDAQ: YHOO) and Amazon (NASDAQ: AMZN).
The group alleges that Google’s settlement with authors and publishers would create a “monopoly” on digital books, giving the search giant license to create a “price-fixing cartel.”
Most recently, a group of authors and publishers filed an objection to the settlement today, calling on the court to require Google to enact rigid privacy protections and to establish a mechanism for ongoing oversight. The group is represented by the rights groups Electronic Frontier Foundation, American Civil Liberties Union, and the Samuelson Clinic at University of California, Berkeley, School of Law.
Google has defended its project, claiming it will revive access to books that have fallen into obscurity, while reopening a source of revenue for authors in the form of advertising and sales. Under the settlement, Google agreed to pay rights owners 63 percent of the revenue it generated through the Book Search project.
Google is also offering access to millions of books to the visually impaired through new types of e-readers and Braille display technology.


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Microsoft’s MacBook Air Answer; Daimler Starts Building Huge Battery Factory; iPhone 9—Yes, 9 RumorPosted: May 24, 2017
Microsoft has rolled out an $800 MacBook Air competitor. According to business insider. com, it will have 13.5 hours of battery life. Redmond has ditched numbers, the device will just be called Surface Pro, and it is up for preorder today, with the release set for June 15th. It will run 7th generation Intel processors. Keep in mind you will need the added keyboard, which Microsoft says is improved…that will set you back another $130. For another additional charge, they’ve added LTE connectivity. Microsoft isn’t even calling it a tablet anymore in their marketing…they are pitching it as a laptop.
Tesla has their Gigafactory, but that doesn’t mean other car makers are sitting on their hands. In Germany, Daimler has started construction on a half billion dollar lithium ion battery factory. Arstechnica.com says the Mercedes-Benz maker will end up with a plant 4 times as large as their current battery factory, run by their Accumotive division. It will be in production by mid 2018, and they plan to produce batteries that can take a car a whopping 621 miles between charges!
Yeah, the iPhone 8 won’t even be out until fall, but here’s a rumor from macrumors.com about the iPhone 9! Apparently, it will launch with 5.28 inch and 6.46 inch OLED screens. This is up from the expected 5.8 inch screen on the iPhone 8, and 4.7 and 5.5 inch displays on the 7 and 7 Plus (and expected on the S models.) It looks like the iPhone 9 models will be about the physical size of the present ones, only with ‘wall to wall’ screens, and nearly no bezel.


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Southwest Airlines didn’t have much to be merry about during the holidays last year. The airline suffered a meltdown that canceled 16,900 flights and stranded over two million passengers around Christmas and New Year’s. The Department of Transportation (DOT) said at the time that Southwest would be held accountable and now we know just what that accountability looks like. Southwest faces a penalty of $140 million, which is 30x more than any prior penalty the DOT has doled out for consumer protection violations.
The majority of the $140 million penalty will go toward compensation for future Southwest passengers that have been impacted by delays and cancellations. This includes a $35 million cash fine and a three-year mandate that Southwest provide $90 million in travel vouchers of $75 or more to passengers delayed at least three hours in getting to their final destinations because of airline-caused issues. This is in addition to the $600 million that Southwest already had to pay out in refunds and reimbursements to passengers impacted last year.
The DOT found that Southwest violated the following consumer protection laws:
- Failure to provide adequate customer service assistance
- Failure to provide prompt flight status notifications
- Failure to provide refunds in a prompt and proper manner
Anthony’s Take: Southwest’s antiquated software and general mismanagement made tons of people miss time with loved ones and friends last year. It’s good to see the DOT step in to remedy the situation and hopefully this year’s holidays will go much smoother.
User Generated Content Disclosure: The Bulkhead Seat encourages constructive discussions, comments, and questions. Responses are not provided by or commissioned by any bank advertisers. These responses have not been reviewed, approved, or endorsed by the bank advertiser. It is not the responsibility of the bank advertiser to respond to comments.


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Nakshatra showcases diamond collection at New York
today Jul 18, 2017
Gitanjali Group jewellery firm Nakshatra world showcased its jewellery collection in a grand fashion sequence as part of IIFA Stomp Fashion event during the recently concluded 18th International Indian Film Academy (IIFA) Awards at New York.
Bollywood actor Huma Qureshi was the showstopper for the show walking for Nakshatra diamond jewellery designer Sara Kazimi.
Nakshatra world sequence featured models in couture from Sonaakshi Raaj who sparkled on the ramp in the latest collections of Nakshatra diamond Jewellery.
The stunning new Nakshatra diamond jewellery collections are crafted around contemporary, stylized interpretations of the traditional seven-petalled diamond flower motif, the company said in a statement.
Indian online fashion retailer Myntra had also showcased its collection at the same event held at the Times Square, New York wherein Bollywood actors Dia Mirza, Varun Dhawan, Tapsee Pannu had walked the ramp.
Nakshatra World Ltd, a wholly owned subsidiary of Gitanjali Gems Limited earlier in the year had filed draft papers with capital markets regulator Sebi to float an initial public offering (IPO) comprising of 1.8 crore equity shares of Nakshatra World, which offers jewellery under the brands Nakshatra, Gili, Asmi, Sangini, Diya, Parineeta and Rivaaz.
Gitanjali Group is one of the world’s largest branded jewellery retailers operating in diverse markets across India, Middle East, USA, Europe, Japan & China. It’s subsidiary Nakshatra currently is spread across 290 cities and towns in India, with more than 2,000 POS across distributors, shop-in-shops and stores.
Copyright © 2019 FashionNetwork.com All rights reserved.


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Nintendo's new mobile RPG, 'Dragalia Lost,' raked in $16 million in its first two weeks. The game is not as successful as 'Super Mario Run' and 'Fire Emblem Heroes,' but one characteristic makes its earnings much more impressive.
Video Games October 12, 2018
Nintendo has launched 'Dragalia Lost,' a new mobile free-to-play RPG with turn-based combat, anime characters, and dragons. The game also has a gacha element to it, allowing players to recruit more heroes by spending in-game currency.
Video Games September 28, 2018
‘Dragalia Lost’ is Nintendo’s next smartphone game. For now, not much can be said about the RPG title, but it’ll launch this summer in Asian markets before eventually rolling out to North American and European gamers.
Video Games April 28, 2018
Feature | Science


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Broadcom recently released a dev kit that combines both Bluetooth Smart for connectivity and also 5 MEMS sensors, this seems to me to be a good implementation to bring together these two staples of IoT devices and make development of many new devices even simpler.
There are many connectivity suppliers out there and many MEMS sensor suppliers but not many that can do both. It seems likely that partnerships will continue to be made by these largely disparate groups, consolidation is a very likely future trend.
This is not a place to speculate on which companies are likely to consolidate but there are many good combinations that I can think of.
SensiAn Research’s recently published “mHealth Wellness Product and Technology Database 2014″ contains more than 370 devices from more than 100 suppliers.
From the data it is clear that Wireless Connectivity is a key component of the technology that is enabling these devices to operate. Our research shows that almost 80% of mHealth Wellness devices used some form of wireless connectivity.
Some key data includes:
60% are Bluetooth enabled
10% are ANT+ enabled
Almost 10% use a proprietary wireless technology but this number has fallen dramatically in the last few years.
It seems clear that interoperable standards are a key technology that is helping drive growth in this market.
More information is available in a trio of products recently released by SensiAn Research, more details can be found here
Although the activity tracker market is becoming increasingly crowded there is still room for innovation and for new products to capture the imagination of consumers.
Indiegogo continues to be one of the major enablers for entrepreneurs to reach a wide audience and help get their products to market and move from a concept to production.
The Sync Smartband is another device that is making waves on Indiegogo and has reached its rather modest goal of raising $50k with almost 4 weeks to go before funding close date. The underlying technology doesn’t seem to be all that different from other products on the market – it seems to uses Bluetooth for proximity, tracking and connection to a smartphone/tablet and an accelerometer for motion detection. What sets this product apart from others though is that it is aiming at a family market.
We’ll be keeping an eye on this campaign, our guess is that it is on track to reach $200k+ before the campaign is over.
The latest press release from the World Semiconductor Trade Statistics (WSTS) predicts good news for semiconductor suppliers in the short term.
WSTS expects the overall market to grow 6.5% in 2014 (from 2013) to reach total annual revenues of US$325 billion. It stated “All major product categories will show a high single digit growth rate, except microprocessors which will show a soft decline. The growth will be largely driven by smartphones, tablets and automotive. The highest growth rates are shown for the Analog (9.1%) and Sensor (9.1%) category. ”
SensiAn Research’s assumption is that while overall microprocessor revenue may be falling the market for microcontrollers is growing as many low power devices associated with IoT (wearable devices, beacons, etc.) are growing rapidly.
WSTS predict that overall market growth will continue into 2015 and 2016 reaching US$350 billion in 2016.
Another Beacon device has reached its goal on Indiegogo
The Silent Beacon has reached $20k+ in 2 weeks.
What sets this apart from many other beacons is that it uses GPS to track location rather than using Bluetooth for proximity.
It does use Bluetooth as the connection technology though and is capable of being used as a Bluetooth hands free device.
Wearables and Beacons come together in a system to track the elderly and vulnerable in the home. CarePredict is soon to start shipping an activity monitor and beacon system that can continuously track a persons movements and vital signs and then transmit them via beacons/hubs situated around the home to a loved one or care professional.
Uses Bluetooth for communication between the 2 devices, Wi-Fi to send data to the cloud and then alerts, when needed, can be sent over a cellular network.


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Blog: An acquired spirit
Chris Brook-Carter | 3 November 2005
Consolidation has been such a large part of the spirits market for so long now that I would go so far as to say that it has been the defining issue for the industry in the last decade.
My very first press conference as a journalist was the inaugural full-year results at Diageo following the merger between Grand Met and Guinness that created the World’s number one premium drinks group. Since then, the pace has rarely let up – that is until now.
On Friday I was interviewed by the business magazine Forbes for a piece the journalist was doing on Pernod Ricard. Inevitably, the conversation got round to merger and acquisition activity and, in particular, where the next big buy for the rapidly expanding French group would come from. For many years this was a fairly easy question to answer. But now, the options are beginning to look thin on the ground.
As we have discussed in our ongoing ‘Keep It In The Family’ series of features, the next level of family-run drinks groups look unwilling to play a part in the consolidation game, unless they are the ones doing the buying and, as the likes of Diageo and Pernod get bigger, competition issues become more and more of an issue.
However, that’s not to say consolidation is over, merely that it’s likely to take on a different shape. Campari certainly seems to believe there are opportunities out there, after its CEO made public in the last week a €500m war chest. Regional and bolt-on acquisitions are likely to be the key now in strategically important markets such as Latin America and Asia. Drinks companies, whether it is through joint ventures or smaller acquisitions, will be looking hard at expanding their presence in developing markets, particularly as the West continues to mature.
As the market leader, the position of Diageo in all of this will be crucial and just-drinks hopes to get an insight into the company’s thoughts this week, when deputy editor Olly Wehring sits down for an exclusive interview with CEO Paul Walsh. Keep your eyes peeled for the results of that chat.
Would the thought of working in a morgue stop you from drink driving? ...
You would be forgiven for thinking that the US cider boom is over. Sales growth of as much as 90% in the past few years has shrunk to double figures. ...
The drinks industry could do more to benefit from new technology. ...
The soft drinks world is abuzz today over what an executive shake-up at PepsiCo might mean to on-going speculation over CEO Indra Nooyi's successor....
- Brown-Forman's march on premium whisk(e)y -Comment
- Will US consolidation leave craft alcohol exposed?
- Are consumers getting tired of consuming?
- Where does AB InBev see the future of beer?
- Should Boston Beer Co put up the For Sale sign?
- Brown-Forman to buy BenRiach Distillery Co
- AB InBev snaps up Italy's Birra del Borgo
- Smirnoff Ice Electric flavours - NPD
- Bacardi rolls out new global Martini ad - video
- US craft beer to hit saturation soon - Koch
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Consumer and Market Insights: Wine Market in China
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- What Next for Beer and Brewers Following the MegaBrew Deal?
- Emerging Drinks Industry Trends


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A focus on food texture
An article today in The Wall Street Journal looks at how food companies are paying closer attention to consumer’s texture preferences, and the impact of that thinking on new product development.
“Why Food Companies Are Fascinated by the Way We Eat” says “there were 20,790 new food packages world-wide making a texture claim in 2012, roughly double the number in 2008, according to Netherlands-based Innova Market Insights.” (A subscription may be required to access the article.)
In her article, Anne Marie Chaker referenced BFAST, our first product in the liquid breakfast market.
The story quotes Betsy Frost, the marketing manager for BFAST, about consumer reaction as the drink’s texture was developed and tested: “We came up with a tight range [of texture]. ‘Smooth’ was within this range, and ‘filling’ meant a little more thickness.”
The report also says consumers “fall generally into one of four major categories of texture preference” with “Chewers” the biggest group, who “enjoy the prolonged chewing action involved in eating, say, a soft cookie.”
You can read the article at Online.WSJ.com.


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By Craig Zammit
SYDNEY: SalesReps Australia has declared its intentions to push further into the electrical appliance industry, offering outsourced sales representation which the company claims will increase business efficiency and grow customer bases.
“Other industries are outsourcing their reps to form a more efficient and cost effective sales team – the electrical appliance industry, as a heavy user of reps, could benefit from this move too,” said SalesReps Australia CEO, Dean Smallman.
Several years ago, Smallman identified that a significant opportunity existed to improve the in-field relationship between the customer and the client, and saw outsourced, dedicated sales representatives as the logical solution.
“I realised there was huge potential in an outsourced, dedicated sales team,” he said.
SalesReps currently employs in excess of 320 people across Australia and New Zealand and represents 32 clients.
“The key to the success of SalesReps Australia was tapping in to the previously undervalued resource of tertiary qualified women who have had an established career prior to having a child.
“Many women want to re-enter the workforce after their children are old enough to go to childcare or school, but don’t want to go back to the lifestyle of working from 8am till 6pm and never seeing their families.
“Most of these women were in management positions during their careers and are now totally dedicated to representing one company,” said Smallman.
Smallman claims that through outsourcing of a sales force a company is able to reduce the cost of a sale by almost 50 per cent and, as a result, service twice as many customers.
“We now have a total sales turnover in excess of $400 million and have sales reps covering industry segments as diverse as industrial products, medical, hospitality, hardware, real estate, telecommunications and financial planning.”
Under the SalesReps business models, sales representatives work for one client only, helping to give focus and attention to the business.
“[Our reps] attend sales meetings, they carry only that company’s business card and they even get invited to the company Christmas party. They are part of the team. I can’t understand why more companies haven’t adopted such a model,” Smallman said.


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GRAY SCALE: Rihanna’s Fenty for Puma collection will churn out a new colorway. The line’s fuzzy slide will now come in a gray fabrication.
The gray slide will be released on Puma’s web site and in select stores on Aug. 5. It will be priced at 80 euros, or nearly $88 at current exchange.
The fuzzy slide was previously offered in black, pink and white. Its past two releases have sold out. To accommodate consumer demand, the gray slide will be issued along with a third shipment of the slide’s previous colorways.
Puma — and Rihanna — have a huge hit with the Fenty slides, which sold out in a single day when they were introduced in April. The slides were restocked in advance of the July 4 holiday weekend. At that time, Puma said new colors would be forthcoming later this season.
Even before Puma gets a boost from the Rio de Janeiro Olympics and its sponsored athletes like Jamaican Olympic champion Usain Bolt, the German activewear brand has become a fashion favorite due to its tie-up with Rihanna. Other Fenty successes include a high-top trainer and creeper styles.
Puma is in the midst of category expansion and re-branding. The Kering-owned firm revealed in June that it had teamed with the New York City Ballet to become the company’s official offstage outfitter. Also in June, it said Kylie Jenner, Snapchat star YesJulz, Khalif and Aaquil Brown of the hip-hop duo Rae Sremmurd and rapper Young Thug as the faces of its suede collection.


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"Should doctors recommend drinking coffee to prevent disease?"
Regular consumption of americanos, lattes or frothy cappucinos is associated with a lower risk of death and heart disease compared to not drinking the black stuff at all.
But before we can start giving coffee to patients, we needed to know whether coffee drinking had any recognised harms, so we made a decision to conduct an umbrella review to capture as much important information about coffee drinking and health as we could.
However researchers warned that drinking too much could be harmful during pregnancy or to those with a higher risk of suffering fractures.
Specialists said individuals ought not begin drinking coffee for wellbeing reasons or to counteract disease.
Nifty up 41 points; ends below 10400
Moves in Asian share markets were minor with Japanese markets closed for a holiday and the United States off for Thanksgiving. On the currency front, the rupee weakened by 20-12 paise to 64.70 against the USA dollar from its previous close at 64.58-59.
The most grounded advantages of coffee utilization were seen in lessened dangers of liver disease, including growth. Coffee beans are the seeds of berries from the Coffea plant.
"The evidence is so robust and consistent across studies and health outcomes, however, that we can be reassured that drinking coffee is generally safe", he continues.
Contrasted and non-coffee consumers, the individuals who drank around some coffee daily seemed to diminish their danger of getting heart issues or passing on from them. As such, we had previously conducted two meta-analyses, one looking for links between coffee drinking and cirrhosis and another at coffee drinking and cancer of the liver.
What amount of caffeine in my drink?"Coffee is safe, but hold the cake", he writes.
Coffee is one of the world's most commonly consumed drinks with an estimated 2.25billion cups drank around the world each day.
Maxwell called in as cover for injured Warner
He even joked that Warner might even adopt West Indies legend Shivnarine Chanderpaul 's unusual stance if need be. Left-hander Marsh, 34, has been recalled to his national Test squad for the Ashes series against England .
The European Food Safety Agency advises that people drink no more than four cups a day.
"There is a balance of risks in life, and the benefits of moderate consumption of coffee seem to outweigh the risks", he said.
"Factors, for example, age, regardless of whether individuals smoked or not and how much exercise they took could all have had an impact", he said. Finally, coffee is often consumed with products rich in refined sugars and unhealthy fats, "and these may independently contribute to adverse health outcomes", he adds.
What's more, they are calling for thorough clinical trials on coffee admission to discover more about the potential advantages to wellbeing.
Its use is thought to date back to 11th-century Ethiopia, where legend says a goat herder noticed his animals became energetic after eating the berries from a coffee tree.
United Kingdom police probe second Kevin Spacey allegation
Kate Varah, the Old Vic's executive director, issued an apology on November 16 to the alleged victims. The allegations against Spacey started with Star Trek actor Anthony Rapp .
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In August, General Motors’ Cadillac achieved a 77-day supply of vehicles in the U.S. — the brand’s lowest level in nearly five years. When it comes to automotive inventory, the lower the days supply, the better — as it keeps vehicles in stock new and fresh for customers, while also allowing dealers to pay less for stocking (floorplanning) the vehicle. And though the drop in days supply puts GM’s prestige luxury car brand on the right path, it’s still not at the levels that Cadillac president, Johan de Nysschen would like to see. His goal is a 60-day supply, the levels at which competitors such as BMW and Mercedes-Benz manage their inventory. Luckily, Cadillac is already considering a possible solution to further decrease its days.
“Centralized regional inventory hubs”, de Nysschen recently told Automotive News during the recent media drive for the 2016 CTS-V sedan. These hubs can be used by Cadillac’s lower-volume dealerships to obtain vehicles as needed.
“That keeps the inventory fresh and frees them from having to tie up so much capital,” says de Nysschen, adding that the idea is “under discussion” with Cadillac’s dealers.
Cadillac’s competitors have considered a similar approach to keeping inventory fresh. But unlike Cadillac, whose goal involves turning inventory faster, rivals are examining the solution due to ever-growing lineups that make it difficult for dealers to keep adequate supplies of each model and model variant in stock.
According to de Nysschen, aging inventory is a problem for both the dealer and the brand. For the dealers, it’s more a financial problem than anything else, since the stores have money tied up in floor-planning the aging cars. And it doesn’t help Cadillac’s image to have vehicles form previous model years on the lot. Either way, the circumstance usually results in large discounts that negatively impact residual values, negatively impact the brand image, and make a sale less profitable for both GM/Cadillac and the dealer.


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Kitchit latest food startup to turn off the lights
May 02, 2016
Kitchit, a startup that enabled users to book chefs to come and cook meals for them, has announced it will close after five years of operation. The company had reportedly raised about $8 million in funding, most recently securing a $7.5 million Series A in late 2014. Investors include 500 Startups, Andreessen Horowitz and Crosslink Capital.