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T-ROC & TRO Both Rank on the Inc. 5000’s Fastest-growing Private Companies in America List
MIAMI–(BUSINESS WIRE)–Inc. magazine has ranked The Revenue Optimization Companies (T-ROC) No. 1698 and its subsidiary company, The Retail Outsource (TRO), No. 642 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment — its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. TRO also ranked No. 22 in Miami and No. 37 in the Retail industry on Inc.’s lists this year. T-ROC ranked No. 65 in Miami and No. 95 in Retail with a percentage growth of 269.9%.
“This marks the 8th time that T-ROC or one of its affiliates, The Retail Outsource and Mobile Insight, have been honored on the prestigious list.”
“The T-ROC and TRO families continue to come together and exceed expectations – I’m thrilled for the company and for all of our team members to be recognized for yet another year on the Inc. 5000 list,” says Brett Beveridge, President and CEO of T-ROC and TRO. “2018 marks four years of TRO making the list and three years of T-ROC being honored. We are extremely proud to be listed alongside such prestigious and well-known brands and companies from around the country. Congratulations to all fellow names on the list!”
Not only have the companies on the 2018 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years. The companies are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands today, August 15.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
The annual Inc. 5000 event honoring the companies on the list will be held October 17 to 19, 2018, at the JW Marriott San Antonio Hill Country Resort, in San Antonio, Texas. As always, speakers include some of the greatest innovators and business leaders of our generation.
About The Revenue Optimization Companies
The Revenue Optimization Companies (T-ROC) is home to four sales solutions companies that enable clients to fulfill all of their sales performance needs. The Retail Outsource (TRO): an in and out of store sales performance management company; Mobile Insight (MI): real-time field reporting and business intelligence; The Consumer Insight (TCI): full-service customer experience analysis; and SYMBITS: managed IT services. Working in synergy, these four companies form a complete ecosystem for running, managing, and maximizing the productivity of institutional efforts. To learn more about T-ROC and its subsidiaries, visit www.trocglobal.com.
About The Retail Outsource
The Retail Outsource (TRO) is a solutions provider and premier sales performance agency that specializes in retail consultation, startup operations, sales staffing & training, management, and outside sales. TRO fulfills sales performance needs from staffing and managing in-store kiosks to developing and delivering targeted sales training as well as deploying highly effective B2B outside sales teams. To learn more about TRO, visit www.theretailoutsource.com.
More about Inc. and the Inc. 500|5000:
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
The Revenue Optimization Companies
Tyler Sminkey, 786-390-8510


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: The Kerala-based digital retail chain myG
is aiming at doubling its turnover to Rs 1000 crore in the current fiscal year.
The firm with 75 retail units selling electronic gadgets mainly mobilephones, laptops and tablets in Kerala plans to add another 25 stores and expand to other southern Indian states, which will make it the first retail chain from Kerala other than jewellery and textiles to venture outside the state. A foray into the Gulf countries is also on the radar.
According to myG chairman and MD A K Shaji Kerala has one of the highest smartphone
penetration rates in the country with 65 out of every 100 buyers preferring a smartphone. ``Of the total sales of 2 lakh units sold in a month in the state, myG’s share is 40,000,’’ he said. The total investment by the company in the state is Rs 750 crore so far.
The company has selected Malayalam actor Mohanlal
as the brand ambassador who will inaugurate its largest showroom in Kozhikode
this week. Among his future plans are a foray into manufacturing mobilephones and other gadgets under myG brand. Shaji said he has already begun work on this with a research and development team having experience of working in leading multinational brands.

domain: news


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Brooklyn Nets forward Kevin Durant is a well-researched sneakerhead. Despite his surly online persona, Durant regularly chats about basketball shoes with fans and members of the media on Twitter.
The perennial NBA All-Star went out of his way to brag about Los Angeles Lakers forward LeBron James’ signing line. Yesterday, Durant shared a video on his Instagram Story of a visit he made to a sneaker museum.
While we’re not sure of the exact location, it could be the recently opened LeBron James Innovation Center on Nike’s campus. Watch the brief video below to watch Durant explore the setup.
Durant looked through the glass at prototypes and unreleased versions of James’ signature line. Although he had seen and done it all throughout his 14-year NBA career, Durant was clearly enjoying the experience.
Durant specifically pointed the camera at three shoes, advising Nike, “I should have dropped them, fam.” He’s not wrong. James has one of the best signing lines among active NBA players. But if some of these unreleased designs had made it to production, it would have been a game-changer for James’ sneaker history.
Scroll to continue
Luckily for fans, the NBA offseason is almost over. In addition to watching the best players in the world compete, we are also bombarded with new releases from sneaker companies almost daily. Stay locked in FanNationKicks.com for all the news, highlights and interviews.
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Kevin Durant’s ten best boots of the 21-22 season
LeBron James’ Ten Best Shoes of the 21-22 Season


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Official HTC Windows Phone 8S video now live
We're not entirely sure how this passed over our Windows Phone radar, but HTC has published an official video to its YouTube channel showing off the upcoming Windows Phone 8S. The HTC 8S is yet to be released in multiple markets and is already destined to numerous sources.
The Windows Phone comes packed with a dual-core 1Ghz chip, 4Gb storage (with MicroSD support), 4" LCD display (WVGA), 512MB RAM and a 5MP rear shooter. Like its older, more powerful brother, the HTC 8S sports Beats Audio - but does not come with an extra amplifier.
Be sure to head on over to our community forum to discuss the video and the HTC 8S.
Get the Windows Central Newsletter
All the latest news, reviews, and guides for Windows and Xbox diehards.
Rich Edmonds was formerly a Senior Editor of PC hardware at Windows Central, covering everything related to PC components and NAS. He's been involved in technology for more than a decade and knows a thing or two about the magic inside a PC chassis. You can follow him on Twitter at @RichEdmonds.


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Uber shuts its LA office and reportedly lays off around 80 people
- Uber is closing its Los Angeles office, reportedly laying off around 80 staff in the process.
- According to the LA Times, the staff were informed, without warning, that their jobs would be shifted to Manila in the Philippines.
- The ride-hailing giant has pruned back its corporate workforce significantly since going public in May 2019, culling over 1,000 staff.
- Earlier this month, Uber revised its own estimate for when it'll become profitable, from 2021 to the fourth quarter of 2020.
- Visit Business Insider's homepage for more stories.
Uber is closing its Los Angeles office, reportedly laying off around 80 staff in the process.
According to the LA Times, the office's staff were reportedly informed - without warning - that their jobs would be shifted to Manila in the Philippines.
Business Insider has approached Uber for confirmation.
The newspaper obtained a recording of the meeting in which the bad news was delivered. Ruffin Chevaleau, the head of Uber's Phoenix center of excellence (Uber's term for customer support office), was the person tasked with delivering it.
"We have decided to close the downtown LA office and we will be moving the outreach and innovation work to our Manila COE [center of excellence], where we can continue to support the business as it grows," she reportedly said.
"I know that this is a shock. This meeting is to inform you all that today is the last day in this office," she added.
The staff were also told by Chevaleau they would receive severance packages, could apply for other roles at Uber, and would have their relocation covered if they found jobs in other Uber offices.
Uber has pruned back its corporate workforce significantly since going public in May 2019, culling more than 1,000 staff as CEO Dara Khosrowshahi looks to prevent what he's referred to as "duplicate work."
Khosrowshahi also revised Uber's profitability forecast earlier this month, from 2021 to the fourth quarter of 2020.
Uber has never turned a profit despite being the world's biggest ride-hailing app, and despite going public in May 2019.
- Samsung’s batteries are reportedly swelling up – here’s everything you need to know
- Torrent Pharma to acquire Curatio for Rs 2,000 crore
- Market in the grip of a bear hug: Nifty50 trades below 17,000 points, rupee hits a new low
- FM urges I-T officials to expedite returns, refund process and grievance redressal
- Razorpay forays into loyalty and rewards segment with PoshVine acquisition


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Just been linked to the Bungie webcam page by Clarkson and with today being the release day for the iPhone 3G, Bungie applied their sense of humour to things:
I on the other hand cannot has iPhone until next week 😦
I love Bungie…… Hopefully we’ll see something out of them at E3 this Monday.
Having just been linked to it again [you think I would look for myself, eh? :p], it seems that the Bungie employee(s) who wanted an iPhone couldn’t have one, just like me 😦


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Nigeria has re-enacted laws governing the registration of companies to make it more flexible, technological driven and less regulatory bottlenecks for businesses, including start-ups and entrepreneurs.
The Nigerian parliament on Tuesday, May 15, 2018, made history by removing the regulatory lapses and bottlenecks for opening businesses, with the passage of the Companies and Allied Matters Act (CAMA). The repealing of the Company Act is seen as the biggest business reform bill in Nigeria in over 28 years.
The Bill was sponsored by the embattled senator, Ovie Omo-Agege (Delta Central Senatorial District).
Bukola Saraki, president of the Senate said the passage of the repeal and re-enactment of the Companies and Allied Matters Act (CAMA) is a significant milestone in the legislative agenda.
“This is by far the most far-reaching legislation ever passed by any legislature in the country.”
“CAMA is a pro-business law. Its passage will show the world that 'Nigeria is ready for business.' By passing this Bill, the 8th Senate has shown that it has the audacity to move Nigerian businesses into a new era of development,” Saraki explained.
If approved and signed into law by the president, the company Act will create a new form of legal identity for businesses in Nigeria, Limited Liability Partnership (LLP), which is expected to increase foreign investment and enable Nigerian register their businesses online.
Here are few highlights of the re-enacted Companies and Allied Matters Act (CAMA)
1. It will make Nigeria’s business environment as competitive as its counterparts around the world – The new Bill seeks to improve companies’ chances of attracting much-needed investment since there are no provisions in the Bill which enable shareholders/potential shareholders have access to funds which in turn enable them to invest in such companies.
2. With CAMA, one person can now open and run a company - good for start-ups and young entrepreneurs – unlike before that regulation required two or more people.
3. It promotes the use of technology in the registration of businesses.
4. CAMA removes all the unnecessary regulatory provisions for small companies
5. It reduces the minimum share capital for companies and start-up in Nigeria. In the new Bill, a company can reduce its share capital, if a special resolution to that effect is passed, without the burden of applying to the court for a confirmation of the reduction.
6. It ensures that Nigerians can now register their businesses from anywhere in the country through the e-registration system.
7. The creates a new form of legal entity – Limited Liability Company - this combines the organizational flexibility and tax status of a partnership with limited liability for its members.
Bismarck Rewane, MD of Financial Derivatives said: “The re-enactment of the CAMA will make the ease of doing business in Nigeria to be much more convenient, and this further compliments the efforts by the ease of doing business committee championed by Yemi Osinbajo, the Vice president of Nigeria.”
Ease of Doing Business: Nigeria ranked 130 out of 190 economies on the “Starting a Business” indicator
The amendment of the Act is coming at a time Nigeria was ranked 145th out of 190 economies in the 2018 World Bank Doing Business (WBDB) Ranking Index.
One of the indicators of the WBDB is the relative ease or difficulty in establishing and running a business in Nigeria.
In this regard, Nigeria is ranked on the Starting a Business indicator as 130 out of 190 economies and for the first time was also recognised as one of the top ten (10) most improved economies in the world.
The re-enactment of the company registration procedure will definitely improve Nigeria’s ranking and help the government push its executive order on ease of the doing business in the country.


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Apple may be out-earning its rivals, but there’s one place it’s lagging behind: political lobbying.
While companies like Google and Facebook continued to pour millions of dollars into influencing U.S. lawmakers during Q3, Apple spent a fraction of this sum.
According to recently published data, between July and September Google spent $3.94 million on lobbying, while Facebook spent $2.45 million. Apple, for its part, spent just over $1 million — mainly pushing issues related to consumer health legislation, transportation of lithium ion batteries, international taxes, e-books, medical devices, and copyright.
Other giants outspending Apple include Comcast (a whopping $4.25 million) Verizon ($2.91 million), CTIA ($1.95 million), Microsoft ($1.66 million), Oracle ($1.2 million), and Amazon ($1.8 million.)
Overall Google is the largest spender in tech, having run up a huge $13 million bill this year, pushing issues including advertising, cybersecurity, patent abuse, health IT, international tax reform, wind power and drones.
Given Apple’s size, its lack of lobbying is somewhat surprising (though it’s certainly not a new development), although given Apple’s current tax problems stemming from its overseas cash pile, you’ve got to wonder whether it’s something that will more heavily invested in going forward.


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Strategic Storage Trust breaks ground on 800-unit self-storage facility
Strategic Storage Trust, Inc. (SSTI), a publicly registered non-traded REIT targeting the self-storage market, has started construction on a Class A self-storage facility located on 4.36 acres totaling approximately 800 units. Back in 2011, SSTI purchased the 6.53-acre land site for approximately $5.1 million, and successfully sold 2.17 acres of the site to a local retail developer for approximately $2 million. The 100,100 net rentable square foot facility will be branded under the SmartStop Self Storage trade name.
The five-building site is located just west of Hwy 427 between Queen St. and Brewster Rd. near the intersection of The Gore Rd. and Queen St.
“One of our long-term goals is to continue to expand our self-storage portfolio in Canada,” said H. Michael Schwartz, SSTI’s chairman and CEO. “This highly sought after retail corridor is severely underserved by self-storage providers,” said Reade DeCurtins, senior partner at Budget Development. “This location is in the heart of East Brampton’s dynamic residential growth and will be convenient to most Brampton and Vaughan residents.”


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World News: 15:00 GMT Thursday 2nd May 2019. [Delta Private Jets via Businesswire via SPi World News]
Delta Private Jets today announced that golfand businessman Greg Norman will be its brand ambassador for 2019 This press release multimedia View the full release here httpswwwbusinesswirecomnewshome2019 0502005...
Business Wire: 15:00 GMT Thursday 2nd May 2019
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Registered in England and Wales number 07519380.


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Saturday, October 24, 2009
On the same day that President Obama's speech to the nation included plans to help small businesses weather the current economic storm, I read that independent bookstores have sent a letter to the Department of Justice asking for intervention in the price war over bestsellers at amazon.com, Walmart, and Target. From the article--http://www.nytimes.com/2009/10/23/books/23price.html?ref=books--we learn that Sarah Palin's Going Rogue has depreciated two cents to $8.98, down from last Friday's $9 at either amazon.com or Walmart. (If you haven't been following that story, $8.98 is the price for this new hardcover whose original retail is close to thirty dollars.) We also learn that France already has a "prohibition against booksellers’ pricing books below cost." My best guess about Obama's speech is that it was focused more on getting small business groups to accept whatever healthcare overhaul we wind up with, but it'll be interesting to see if a possibly "progressive" President is interested in helping the smaller fries of the book world. Stay tuned.
Posted by Alex Kudera at 10:24 PM


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CAMBRIDGE, UK – June 13, 2019 -- UltraSoC has announced the appointment of Barney Edgar as its new Chief Financial Officer. As UltraSoC moves into the next phase of its growth, Edgar brings significant experience in successfully guiding fast-growing, innovative technology companies.
Most recently, Edgar was Head of Finance at Arkessa, an innovative IoT (Internet of Things) company, acquired by a private equity fund in 2018. Prior to Arkessa, he was Head of Finance at Neul, a semiconductor start-up also focused in the high-growth IoT arena. Edgar was part of the strong management team responsible for the sale of Neul to Chinese giant Huawei in 2014.
In addition to his extensive experience with growth-phase technology firms, Edgar’s 20 years of industry experience includes financial roles within large public corporations including leisure travel giant TUI, beverage group Diageo, and top-four accountancy firm PwC.
Barney Edgar commented: “It’s an exciting time to be joining UltraSoC, as the company scales and expands with a fantastic customer list. Issues like cybersecurity and functional safety are now everyday concerns for us all: UltraSoC has a huge opportunity to help address those. I’m looking forward to joining the UltraSoC team as they help customers rise to the challenge of creating the next generation of electronic products.”
UltraSoC CEO Rupert Baines added: “Barney has an impressive CV with very relevant experience in high-growth technology firms as they scale up and grow. We are delighted to welcome him to the team.”
UltraSoC is a pioneering developer of analytics and monitoring technology at the heart of the systems-on-chip (SoCs) that power today’s electronic products. The company’s embedded analytics technology allows product designers to add advanced cybersecurity, functional safety and performance tuning features; and it helps resolve critical issues such as increasing system complexity and ever-decreasing time-to-market. UltraSoC’s technology is delivered as semiconductor IP and software to customers in the consumer electronics, computing and communications industries. For more information visit www.ultrasoc.com


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- Universal Music Group to release NFTs on LimeWire’s Algorand marketplace.
- This union will enable artists under the UMG contract to publish their NFTs.
- The music industry is embracing Web3: LimeWire Co-CEOs.
LimeWire, a former P2P file-sharing platform that was recently relaunched as a digital collectible marketplace, has inked a global deal with the multinational music corporation, Universal Music Group, (UMG) to bring its artists’ digital collectibles to global audiences through non-fungible tokens (NFTs).
As part of this new partnership, UMG artists can now offer audio recordings, audiovisual content, backstage footage as well as other artworks as NFTs on the @LimeWire marketplace and sell them directly to fans and collectors in a safe and trusted environment.


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Oroville >> With an eye to economic uncertainty, the national and California economies can be compared to a big truck, says one economist.
“It’s like a big truck. It’s hard to turn quickly,” economist Robert Eyler told the 450-plus who gathered at the 2017 North State Economic Forecast Conference Thursday hosted by the Center for Economic Development at Chico State University.
Eyler, who is director of the Center for Regional Economic Analysis at Sonoma State University, said there is plenty of uncertainty about what’s going to happen, but it’s not going to happen immediately.
“It looks good next year, regardless of uncertainty.”
Over all, he sees a slow, incrementally-improving national economy where consumer spending is the driver.
“We’re in the eighth year of economic recovery but we haven’t seen a boom period, and don’t expect to see that in the next three years. But we’re not seeing a recession either.”
Expecting interest rates to rise, he thinks the Federal Reserve might schedule at least two hikes during the year.
Expect to see the Republican-promised attack on the Affordable Care Act, which will have impact on medical communities. He expects an aggressive fiscal policy that will broach lowering taxes and increase spending. There will be more discussion of spending on infrastructure improvement, and of course immigration reform.
“Expect debt to rise during Trump, especially with the discussions surrounding the reform of Social Security and possible trade wars.”
“Trade wars scare economists.”
Eyler sees Trump’s foreign policy as the possible catalyst of trade wars, which would have negative impacts for California and California agriculture. Trade wars could reduce port activity, reduce the flow of finances, and reduce the offshore movement of manufacturing, he suggested.
However, that doesn’t mean companies would be pulling manufacturing jobs back to the U.S. or California, especially with California’s increasing minimum wage laws. Likely, manufacturers would turn more to further mechanization of their processes.
“We’re not seeing a supply side change which is the marker of boom periods that the U.S. has had. No recession in the U.S. is predicted through 2020, but it won’t be a wild growth phase.”
Eyler sees a “rebounding” of the U.S. dollar, although a lower dollar helps with exports.
He watches auto sales as an indicator of consumer action. The sale of SUVs and trucks are increasing, but not cars, which he interprets as the slowing of consumer spending.
As far as small business growth, he again dinged banks for having cash that could help small firms, but not wanting to release it. He also blamed regulators for wanting banks to keep more cash on hand to battle emergencies.
West ignores East
California is a dichotomy, with the wealthiest west of the San Andreas Fault, and the poorest to the east, according to economist Bill Watkins, director of the Center for Economic Research and Forecasting at California Lutheran University in Thousand Oaks.
California tops other states in “wealth, poverty and inequality.”
Watkins said the latter two traits can be seen in a recent job opportunities report that noted Detroit is 150th in the nation. Modesto is 146th and Fresno is 149th. A slow California recovery, as forecast by Eylers, isn’t so good for the lower percentile in California, he noted.
Clustered along the coast, the rich don’t see the other California and its problems, and likely don’t care.
Along the coast, there is “unimaginable wealth.” Eastward, “there’s some place completely different.”
“That divide is a problem for Northern California because decisions are being made by people who don’t understand your situation.”
The California way is not understood by others in the nation as well, he pointed out. While he was born in Chico and lived much of his life in California, he did live a few years in Tennessee. In the East, it’s hard to understand California, he said.
California’s wealth also influences policy, pointing to the state’s environmental regulations that are out of kilter with the rest of the country. Wealth allows Californians the luxury of arguing over issues that are nonexistent in other places, he said.
“California is increasingly a difficult base for some businesses to do business,” hence the exodus to places like Texas.
Regulations that burden small businesses are like “subsidies to big businesses,” he said, because they have the substance and resources to plow through them.
Much of California’s recovery has been based on the job production and investment in Silicon Valley and the Bay Area, but Watkins sees that backbone standing not as strong.
“You don’t need venture capital to design an app.”
Nevertheless California will always shine, he noted, with better weather, appealing terrain and opportunity.
One area of opportunity he sees for economic growth in California communities is for the aging population, with “migrating retirees.”
Americans are looking for places to retire that are safe, have access to medical services, and hosts amenities, such as cultural or entertainment venues.
Offering the example of “a dusty cow town” and “a dead lumber town,” places like Paso Robles and Bend, Oregon, rebounded with new niches, such as wine in the former and breweries for the latter.
That kind of development appeals to retirees he said, who bring wealth from outside the area and help local economies.
Contact Laura Urseny at 896-7756.


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Somewhat Positive Media Coverage Somewhat Unlikely to Impact Under Armour (UA) Stock Price
Media coverage about Under Armour (NYSE:UA) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Under Armour earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.154596247402 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Head-To-Head Analysis: Under Armour (UA) versus Tumi (TUMI) (americanbankingnews.com)
- Under Armour exec to CES crowd: Company remains focused on innovation (finance.yahoo.com)
- Under Armour (UA) Receives Sell Rating from Susquehanna Bancshares (americanbankingnews.com)
- Weak Brand, Weak Sales? Why Under Armour Is a Sell (finance.yahoo.com)
- It’s Time to Fade the Under Armour Inc Stock Rally (investorplace.com)
Shares of Under Armour (NYSE:UA) traded up $0.19 during trading on Thursday, hitting $14.13. 6,413,525 shares of the company’s stock traded hands, compared to its average volume of 5,450,000. The company has a market cap of $6,480.00 and a PE ratio of 44.16. Under Armour has a 52 week low of $10.36 and a 52 week high of $27.48.
Several brokerages have recently commented on UA. Susquehanna Bancshares reissued a “sell” rating and issued a $11.00 target price on shares of Under Armour in a report on Tuesday. Vetr cut shares of Under Armour from a “buy” rating to a “hold” rating and set a $14.91 price objective for the company. in a research report on Wednesday, January 3rd. Piper Jaffray Companies set a $11.00 price objective on shares of Under Armour and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Wells Fargo & Co cut shares of Under Armour from a “market perform” rating to a “sell” rating and dropped their price objective for the stock from $17.00 to $13.00 in a research report on Tuesday, September 19th. Finally, Canaccord Genuity set a $15.00 price objective on shares of Under Armour and gave the stock a “hold” rating in a research report on Thursday, October 12th. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.14.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with Analyst Ratings Network's FREE daily email newsletter.


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Varsity Brands Inc is exploring a sale that could value the U.S. company behind yearbook and class ring maker Herff Jones and cheerleading uniforms label Varsity Spirit at over $2.5 billion, including debt, according to people familiar with the matter.
The move comes three years after Varsity Brands’ business was buoyed by a 2015 U.S. court ruling awarding copyright protection under federal law to its patterns and colors designs of cheerleader uniforms.
Private equity firm Charlesbank Capital Partners and European investment firm Partners Group Holding AG (PGHN.S), which have owned Varsity Brands since 2014, have hired investment bank Jefferies LLC to run an auction for the company, the sources said this week.
The company generated approximately $1.7 billion of revenue over the twelve months to the end of September, according to Moody’s Investors Service Inc.
No deal is certain, said the sources who asked not to be identified because the matter is confidential. Varsity Brands and Charlesbank did not immediately respond to requests for comment. Partners Group and Jefferies declined to comment.
Founded in 1920 by Harry J. Herff and Randall H. Jones, Varsity Brands manufactures class rings, yearbooks, caps and gowns, and graduation diplomas. It also makes awards, including the Naismith award given to the year’s top U.S. college basketball players, and championship rings.
Varsity Brands has been the Heisman Trophy manufacturer since 2002, produced NBA All Star rings, championship rings for all five of the San Antonio Spurs’ NBA Championships, and the Super Bowl XLI championship rings for the Indianapolis Colts.
Herff Jones, which bought Varsity Brands in 2011, acquired BSN Sports in 2013 for $460 million and later rebranded the entire company under the Varsity Brands banner. Charlesbank and Partners Group acquired Varsity Brands from its employees in 2014 for $1.5 billion.


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Sony has forecast a huge jump in annual operating profit as demand for its games, including God of War and Spider-Man, boosted earnings.
The Japanese electronics firm raised its annual profit forecast to 870bn yen ($7.7bn; £6.0bn), up 30% from estimates given in July.
The upgrade comes after strong sales in its Playstation division drove revenues in the second quarter.
Gaming also spurred a strong rise in operating profit at rival Nintendo.
IDC gaming analyst Sam Reynolds said both Japanese firms had posted “impressive earnings based on the strength of the gaming market”.
He said Sony could credit strong sales to “the quality of games on the platform” which include bestsellers God of War and Spider-Man, while demand for Red Dead Redemption II has also been high.


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DCâ€™s The New 52, by all immediate measures of success, is doing incredibly well so far â€“ as relaunches go. For example, in September, DC books accounted for 17 of the top 20 comic books according to Diamondâ€™s direct market â€“ an unusual feat for a company accustomed to placing second.
The question remains, though â€“ how is the relaunch doing digitally? Are digital sales better, worse, or about what was expected? Unfortunately, we might never know the answer unless DC decides to disclose those details. Which they probably wonâ€™t.
We were fortunate enough to discuss a whole host of issues regarding digital comics with David Steinberger, the CEO ofÂ comiXologyÂ â€“ including The New 52, Marvelâ€™s reluctance to fully commit to digital, the recently announced Kindle Fire, and pricing.Â comiXology, for those not familiar, is both the number one digital comic book reading app (not that there are a multitude to choose from) and the top grossing iPad app going on six weeks.
Check out our interview below:


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Hong Kong is set to reform taxi services, including strengthening punishments for drivers and relaxing passenger limits from five to six per vehicles, the Transport and Logistics Bureau has said.
The city had seen “increasing criticisms” over taxi services and drivers’ conduct in recent years, the bureau said in a document filed to the Legislative Council on Wednesday.
Complaints against taxi services rose by more than 90 per cent in the past two years, with 2,397 cases reported last year, compared to 1,238 in 2020, the bureau said in April in response to a legislator’s questions.
Under a Transport and Logistics Bureau draft amendment bill, a new regulatory regime would be introduced to encourage taxi owners to form “licensed taxi fleets.” The authority said the fleets would serve as platforms to regulate service quality.
Currently, regulation of the taxi industry is loose. There are 18,163 taxi licences in Hong Kong, owned by nearly 9,000 license holders. However, licenses are issued without any conditions directly related to service quality, the bureau said.
Under the amended bill, a taxi fleet should include 300 to 1,000 urban taxis, or 100 to 350 taxis in the New Territories. Each taxi in a fleet must be less than three years old, and at least 10 per cent of the fleet must be barrier-free taxis accessible to people with disabilities.
The authority said that fleet licences were not compulsory and would not replace the existing taxi licence.
An industry association said it welcomed the idea of introducing licences taxi fleets, but said incentives for taxi owners or companies were low if fares of fleet taxis remained the same as other taxis.
“Now there are no brands in the taxi industry. Every taxi is the same, and there is no incentive for taxi drivers to provide better service,” Ryan Wong, chairperson of the Hong Kong Taxi Council, told HKFP, “With taxi fleets, we could differentiate taxis by colour, and identify different brands. It might help facilitate better service.”
However, Wong said that fleet management required higher costs such as drivers training, setting up hotlines for complaints, and purchasing new vehicles. “Therefore if fleets were run at the current fares, I don’t see any incentive for business owners to set up a fleet,” Wong said.
Under the proposed amendments, fleets could charge “customised fares” for pre-arranged trips but did specify the fare.
Passengers limit set to 6
The maximum passenger capacity would be increased from five to six, with the bureau saying the measure was introduced to meet demand for more comfortable compartments, and was also an industry suggestion.
Currently, about 80 per cent of Hong Kong’s taxis seat four passengers, while the rest are five-passenger vehicles.
The government also proposed toughening penalties for taxi drivers by introducing a two-tier penalty system. Misconducts such as overcharging and wilfully refusing to accept a hire would face heavier punishments.
While fines and imprisonment of first convictions would remain the same, subsequent convictions would see increased penalties of HK$25,000 and up to 12-month sentences.
The amendment bills including Road Traffic Ordinance and Taxi Driver Offence Points Bill will be published on Friday and tabled next Wednesday.
Increased penalties for Uber drivers
Meanwhile, the transport authority also proposed raising the penalty for “illegal carriage of passengers for hire or reward by motor vehicles”.
Since its launch in the city nine years ago, ride-hailing services offered by Uber drivers without hire car permits have been deemed illegal.
In 2020, 24 Uber drivers who were convicted of “carrying passengers for hire or reward without a permit” at Magistrates’ Court filed an appeal against their convictions to the Court of Final Appeal. The court dismissed the appeal in 2022.
Under the amendment bill, the authority proposed increasing the maximum fines to HK$10,000 and HK$25,000 for the first and subsequent convictions, respectively. The period of suspension of vehicle licence and impoundment of vehicle would be extended from the current three months and six months to six months and 12 months for the first and subsequent
HKFP has reached out to Uber for a response.
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Corporate spending in Canada is to increase due to an improving U.S. economy and the CETA deal. But could future U.S. debt drama delay growth forecasts?
The US senate agrees to end the government shutdown and raise the debt ceiling, in a last minute resolution avoiding a global financial crisis. But has the damage already been done?
As the year draws to a close, Canadian economic sentiment is far from cheery. As threat of the U.S. fiscal cliff looms, many fear another recession is imminent – despite optimistic economic predictions from a recent RBC survey.
Getting into shape is a common goal for many Canadians – one that can be extremely expensive. Pricey personal training and the latest high tech shoes will have you losing more dollars than pounds – not to mention that infomercial-inspired equipment purchase gathering dust in your basement.
The decisions made on the U.S. Fiscal Cliff will affect economies all over the world. Fast action is needed to minimize the financial impact – and solutions that may have worked for the European debt crisis just won’t cut it for the world’s largest economy.
Could you use a little extra cash? In today’s tough economy, who couldn’t? This week on Money Wise, we’re exploring an increasingly popular method of borrowing – a home equity line of credit. The problem – many Canadians don’t know what they are, and with household debt levels at record highs, HELOCs can add even more fuel to the fire.


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OSAKA – Nintendo Co. said Friday it has more than halved its forecast for group net profit for the year through March due to the yen’s appreciation and sluggish sales of software for the handheld Nintendo 3DS game console.
The video game company is projecting a consolidated net profit of ¥17 billion ($151 million) for the year, down 51.4 percent from its previous projection. It booked a group net profit of ¥41.84 billion the previous year.
The company expects to incur foreign currency transaction losses of ¥20 billion this year, and changed its assumed yen-dollar exchange rate to ¥115 from ¥120 in February.
The forecast for operating profit was slashed 34 percent to ¥33 billion, while the outlook for sales was lowered 12.3 percent to ¥500 billion.
Nintendo left its planned annual dividend unchanged at ¥150 per share.


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Supermarket self checkout-service named more irritating than junk mail
The supermarket self-service, which was supposed to make life at the checkout easier, quicker and less frustrating, is the most irritating feature of modern life, a study has found.
A third of people surveyed said it made shopping more stressful than before and left many wanting to tear their hair out, the Daily Mail reported.
Many of the respondents cited the audio prompts at the checkout, including "unexpected item in bagging area," as the reason for their choice.
The self-service machines, which arrived in the UK a decade ago, were rated as even more irritating than junk mail, bad driving, cold calling and computer malfunctions.
"Self-service checkouts are a perfect example of things which are meant to make life simpler, but in the end make it more complicated," one woman who took part in the poll said.
"What's more, I can never seem to use one.
"Every time I try, I get the same response shouted at me: 'unexpected item in bagging area - remove item immediately.' When I hear that I feel like putting my fist through the screen," she said.
The latest poll, compiled for computer maker Ordissimo, asked 700 adults what features of modern life irritated them the most.
The self-service checkout was a clear winner with 34 percent rating it the worst.
Almost a quarter (24 percent) said bad driving drove them round the bend while cold calling received 18 percent of the vote.
Junk mail came fourth with 14 percent branding it life's most irritating creation.
Computer malfunctions completed the top five, with almost one in ten claiming to have repeatedly pulled their hair out in annoyance due to misbehaving technology.


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A young Japanese entrepreneur who had observed various social issues in Mongolia such as economic disparity, air pollution and a lack of work opportunities, launched a leather brand in a country with few industries. Domestic manufacture using local materials is now creating jobs and it's attracting attention on an EC site in Japan. The program introduces the challenges being faced by young Japanese and Mongolians striving to create a new era through manufacturing high-quality leather bags.
Soderdene Ravjaa, a Mongolian who empathized with Toda's idea
Kawata Daiki, who empathized with Toda's idea and runs the workshop


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ZenMate, a young Berlin software startup that enables people to safely browse websites and unblock sites from other countries, has raised new funding from Bessemer Venture Partners and prior backers Holtzbrinck Ventures and Project A.
Distil Networks acquires Sentor’s ScrapeSentry to monitor malicious bot activity
A look at Italian startup Chino, which helps health app developers and publishers comply with stringent European laws focused on data protection and privacy, and raises awareness about its importance.
When it comes to cyber security startups, it’s usually the Israeli ecosystem that gets highlighted. There’s something to be said for that, but here are 10 promising companies from across Europe.
Password can be cracked, but your behaviour can’t be copied. Meet Sweden-based BehavioSec, whose technology analyses each person’s unique biological characteristics for authentication purposes.
Tech.eu was recently in Cologne where we interviewed Till Faida, the co-founder and CEO of Eyeo, the startup behind the single most popular browser extension ever developed: Adblock Plus.
Finnish security software company F-Secure has given a group of its engineers some freedom to create a mobile privacy app called Freedome. We take a look at the application and its makers.


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ZTE F601 GPON ONU Receives BBF Certification
ZTE announced its GPON optical network unit (ONU) product F601 has been certified by the Broadband Forum (BBF).
In 2011, the BBF initiated a telecommunications industry first certification program based on its TR-156 protocol and the ITU-T G.988 protocol. This program was designed to verify GPON product compliance with ITU-T GPON standards and BBF specifications. ZTE received certification from the organization after the F601, which is based on a unified GPON ONT platform, underwent a series of BFF-hosted interoperability tests that also included several broadband vendors.
The BBF is a prestigious non-profit industry consortium dedicated to developing broadband network specifications.
"We congratulate ZTE on the F601.” said BBF CEO Robin Mersh. “We’d also like to thank ZTE for its efforts assisting with the global standardization of ONU products."
"ZTE invests over 10 per cent of its annual revenue in research and development,” said ZTE Vice President Xu Ming. “We strive to continue creating innovative products while following the requirements of international standards organizations.”
GPON product interoperability is critical for operators because it allows them to cost-effectively expand their high-speed broadband networks. Top global operators such as Deutsche Telekom, France Telecom, British Telecom, Etisalat, and Verizon promote interoperability testing with a view to developing the GPON industry.
ZTE was one of the first telecoms vendors to develop and commercialize optical access network products, and has advanced industry understanding of PON technologies. In the fixed-line access field alone, ZTE has filed for 415 Chinese and 56 international patents.


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The head of the AIC’s Feed Sector, James McCulloch, recently joined a panel of international speakers at the Brazilian Embassy in London to lead the conversation on sustainable soy.
Sharing a platform on November 22 with representatives of all parts of supply chains that produce, or source commodities from Brazil, he flagged the importance of all stakeholders - UK feed companies, livestock farmers, processors, and retailers - collaborating to deliver a proposed national plan to transition the UK to importing vDCF soy. He also highlighted the value of engagement with producers in origin countries in that respect.
Delivering on the aims of the UK Soy Manifesto
His talk followed an announcement earlier this month by the AIC and nearly 40 leading UK food businesses - representing nearly 60% of the UK’s soy consumption – setting out a series of comprehensive actions to deliver on the aims of the UK Soy Manifesto, with the parties focused on ensuring all soy used in feed in the UK will be vDCF.
UK Soy Manifesto signatories include 38 brands, retailers, food service companies and livestock producers operating in the UK such as Tesco, Waitrose, Nando’s, KFC UK and Ireland, Lidl GB and McDonald’s UK and Ireland
Businesses along the soy supply chain said they will take responsibility and act together.
The parties agreed to produce a quarterly soy deforestation risk register for UK soy imports, tracking the UK’s progress in the importation of DCF soy, as well as progressing a joint transition plan, coordinated by a high-level cross supply chain governance group, to monitor and review the transition, ensuring the risk and responsibilities are shared.
A key element of the transition plan will be to ensure UK companies producing and selling meat and dairy products - using soy in animal feed - have a practical mechanism to specify that they require deforestation and conversion free soy, with robust checks and controls to assure standards are met.
The commitment from the AIC to develop a DCF soy standard for the UK, which will be independently verified, will support that goal.
“Together, these actions will ensure that [UK soy manifesto] signatory companies can turn their ambitions into practical actions, supporting a mass market move to deforestation and conversion free soy use in the UK that would have been difficult to achieve even a year ago.”
Data gathering exercise
Commenting on the plan, McCulloch said:
"The AIC Soy Supply Group commitment to providing quarterly data for a UK risk register is significant as the group is the sole source of data on what is shipped and sold to the UK as vDCF. The data helps all parties understand the progress that has been made and focuses attention and resource on areas where there is still work to be done.
“Whilst market challenges are real, our industry remains committed to delivering DCF soy and sustainable supply chains. Around the world nature is in freefall, and unsustainable agriculture is driving its catastrophic decline. To protect precious natural habitats like the Cerrado in Brazil, we must urgently ensure soy imported to the UK is not driving the destruction of nature overseas."
UK soy manifesto signatories are also calling for global markets to provide financial incentives and technical support to boost sustainable production. Earlier this year, Tesco, Sainsbury’s and Waitrose invested US$11m in the Responsible Commodities Facility (RCF), a new system of financial incentives for farmers in Brazil who commit to DCF soy cultivation.
Ashwin Prasad, chief product officer, Tesco, said: “We’re absolutely committed to ensuring we meet our target of sourcing soy from whole areas verified as deforestation-free by 2025, and the launch of the UK Soy Manifesto last year marked a significant milestone on that journey. We’ve made good progress this year with the introduction of the RCF, which provides direct support to soy farmers in Brazil, but we can’t solve the issue alone. It’s vital we bring together retailers, brands, food service companies, livestock producers and soy traders themselves to set out a clear pathway to achieving our goal of guaranteeing all soy imported into the UK is deforestation free by 2025.”
Governments in producer and consumer countries and regions also have an important role to play, said the stakeholders. “Ensuring environmental legislation that protects ecosystems are enforced at source, and that downstream companies are obligated to undertake due diligence on their use of forest risk commodities will be key."


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Berlin-born Solsten, a AI platform, announced on Thursday that it has secured $21.8M (approximately €21.6M) in a Series B round of funding led by Denver-based Konvoy.
Other investors, including Inventure, GFR Fund, Sisu Game Ventures, and University of Wisconsin-Madison alumni fund Bascom Ventures participated in the round. New investors Galaxy Interactive, Dentsu Ventures, and Warburg Serres also participated. To date, the German company has raised $31M (approximately €30.7M).
Solsten: What you need to know
Founded by Joe Schaeppi and Bastian Bergmann in 2018, Solsten helps companies create more engaging, livelier, and healthier digital experiences through the analysis of human psychology. The company is currently headquartered in Minneapolis, US.
Through its AI-based platform, Solsten allows brands to understand their customers on a deeply human level and create experiences that truly resonate.
The company’s technology offers insights from its three core elements – Traits, Navigator, and Frequency.
- Traits provide a deep understanding of an audience’s psychological make-up and personality,
- Navigator helps to identify a product’s best future audience.
- Frequency is used to predict how creative ideas will resonate with their audiences.
Solsten’s platform is used by many international gaming studios and publishers, including MobilityWare, Mythical Games, Sky Mavis, Super Evil Megacorp, Starbreeze, Tilting Point, and Wooga.
Joe Schaeppi, co-founder and CEO of Solsten, says, “There’s a deficit in the level of human understanding that goes into products as they have been made to date. This lack of understanding regarding the human beings behind the behaviour that is being tracked so rigorously in apps has led to many digital experiences that are both unhealthy and suboptimal for users as well as businesses by not being mutually sustainable. However, when technology is built in a heartfelt manner, through deep audience understanding using Solsten, engagement with digital products becomes mutually beneficial and profound.”
“That is why at Solsten, we’re advancing the ability for technology to understand human psychology and sociology all while keeping individual users completely anonymous. We support companies building the future of our digital world so that they can confidently architect the next generation of digital experiences knowing that they’re both highly impactful for their audiences and great for their business,” he adds.
Konvoy: What you need to know
Konvoy is an early-stage investment firm that invests in the frontier of gaming. With the launch of Konvoy Fund III, it will have $270M (approximately €267M) under management. Konvoy’s portfolio consists of 33 companies that collectively raised $450M (approximately €446M) in follow-on funding.
“As a long-time investor in Solsten, we have seen first-hand how its platform transforms the user experience, benefiting customers and companies alike,” says Jackson Vaughan, Managing Partner at lead investor Konvoy. “Consumers will be better served by Solsten’s actionable insights, while businesses and developers will be capable of resonating with their audiences on a deeper level. We’re excited to be backing them again and look forward to seeing how Solsten’s understanding of human behaviour can further revolutionise gaming and all other consumer technology.”


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The Bank of England (BoE) Governor Andrew Bailey has elaborated on his views towards stablecoins and Central Bank Digital Currencies (CBDCs) at an annual City UK conference.
While reinforcing supportive comments reported on June 12, when he called CBDCs “one of the most fundamental innovations in the history of central banking,” the governor also warned that digital money opened up avenues of risk.
“We cannot ignore the risks that digital money is attractive for money launderers and cyber criminals,” he concluded in his speech on June 15.
Apart from his ending warning, Gov. Bailey’s speech was largely positive towards digital currency. As reports indicate, the BoE, alongside other central banks across the world, has been debating introducing a digital currency. In the UK’s case, a digital pound.
That said, neither the BoE nor the British government have made any concrete decisions about having their own CBDC. Chancellor Rishi Sunak first announced the launch of an exploratory task force into the matter back in April.
“New forms of digital money represent an important source of innovation” he said. “So we must evaluate whether and how they can meet our public interest objectives.”
Sunak continued by saying “Rather than use commercial bank money as the basis for transactions, providers of digital money would create and use their own money or ‘coin’. And, they could be issued by companies, including large technology platforms, with the capacity to scale up and grow rapidly.”
A distinction between stablecoins and crypto-assets
Gov. Bailey went on to draw a distinct line between stablecoins and crypto-assets such as bitcoin (BTC). He claimed that to term crypto-assets as cryptocurrencies is “misleading,” due to them having “no intrinsic value.”
“It can have extrinsic value, in the sense that people like to collect and own them, just as they like to collect and own all sorts of things,” he explained. “But that extrinsic value is highly unstable and could be nothing.”
Meanwhile, he stated that stablecoins could have intrinsic value. However, he also noted a public interest question of what it would take for stablecoins to be trusted as money.
“Any new form of digital money in order to succeed will need to be trusted as a store of value and as an accepted means of payment,” Gov. Bailey stated.
“Stablecoins must therefore promise, credibly and consistently, to be fully interchangeable with existing forms of money. In other words, they must be anchored in and thus maintain confidence in the monetary system.”
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.


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A Hyundai oil consumption lawsuit blames the automaker for not making buyers aware of excessive engine oil consumption issues in more than 20 of its models.
Owners say Hyundai should have recalled the vehicles because the engines allegedly use excessive amounts of oil, stall, and eventually fail because vehicles are equipped with defective Nu, Gamma, Theta, Lambda, and Kappa engines.
On Apr. 12, 8 owners filed a class action lawsuit against Hyundai in a California federal court for violating federal warranty laws.
Hyundai and Kia Models With Excessive Oil Consumption Issues
According to the Hyundai and Kia class action lawsuit, the below Hyundai and Kia models have excessive oil consumption problems.
- 2012-2020 Hyundai Elantra
- 2009-2018 Hyundai Genesis Coupe
- 2019-2021 Hyundai Kona
- 2020-2021 Hyundai Palisade
- 2010-2012 and 2015-2021 Hyundai Santa Fe
- 2009-2010 and 2015-2021 Hyundai Sonata
- 2011–2021 Hyundai Sonata Hybrid
- 2010-2013 and 2015-2021 Hyundai Tucson
- 2011-2021 Hyundai Veloster
- 2020-2021 Hyundai Venue
- 2010-2021 Kia Forte
- 2017-2020 Kia Niro
- 2011-2020 Kia Optima and Optima Hybrid
- 2012-2021 Kia Rio
- 2011-2020 Kia Sorento
- 2012-2021 Kia Soul
- 2011-2020 Kia Sportage
- 2018-2021 Kia Stinger
- 2022 Kia K5
The Hyundai and Kia oil consumption lawsuit alleges owners constantly use excessive amounts of oil, costing their owners huge sums of money. The plaintiffs also say adding too much oil isn’t the solution because by adding oil above the maximum fill line the crankshaft will be partially or fully submerged and too much oil will strain and damage the gaskets and seals protecting the engine which leads to oil leaks.
According to the suit, other than oil consumption, defective engines migrate oils to places it shouldn’t be, and it causes damage to the combustion and exhaust systems and keeps them from operating properly.
The lawsuit alleges owners must constantly check the oil levels more than normal, and oil must allegedly be added to the engines more frequently than even the owner’s manuals recommend.
This allegedly causes “abnormal wear of engine parts, oversaturation of carbon and deposits of oil sludge, ultimately requiring a costly engine rebuild or replacement.”
Hyundai Should Honor Warranty Claims Outside of Terms
According to the Hyundai class action suit, Hyundai should honor warranty claims even when the warranties have expired.
The plaintiffs allege that Hyundai should have recalled the vehicles but hasn’t. According to the lawsuit, Hyundai, and Kia can’t adequately repair the oil consumption problems but the automakers deny coverage if owners cannot provide maintenance records.
The Hyundai oil consumption lawsuit was filed by these plaintiffs:
- Davy Cho / California / 2022 Hyundai Santa Fe
- Bryan Rothmaler / Illinois / 2017 Hyundai Tucson Sport
- Beth Makie / Massachusetts / 2016 Kia Sorento
- Anna Chmura / Wisconsin / 2018 Hyundai Santa Fe Sport
- Anthony Banderas / Nevada / 2020 Hyundai Kona
- Michelle Smith / Florida / 2016 Hyundai Sonata
- Catherine Little / Texas / 2017 Hyundai Sonata
- Luticia and Thomas Thompson / Kentucky / 2016 Kia Sorento
The automakers allegedly don’t warn customers about excessive oil consumption issues even when the symptoms match, then owners must put their vehicles through oil consumption tests. And those tests require driving thousands of miles to determine if excessive amounts of oil is consumed and costing money out of the owner’s pocket.
And the suit also says owners must suffer through long wait times for replacement parts, “and in most cases do not receive required engine replacements.”
Meanwhile, Hyundai has expanded its recall for exploding seat belt part issue which has caused multiple injuries including 6,240 of its 2021-2022 Elantra and 2020 Accent vehicles.
Have Questions? Talk With Us Now
If you are an automobile owner and have manufacturing issues, you can contact us regarding your involvement in this or any potential class-action lawsuit. Serious vehicle problems require serious legal representation, especially when you are bringing a claim against a major automaker.
At the Lemon Firm, our experienced Attorneys have been able to successfully recover compensation for our clients who were sold a vehicle with manufacturer defects, and we can do the same for you. Call (833) Lemon-Firm to speak with a Lemon law expert today.


text: Children spend more time now watching TV, playing video games and sitting in front of a computer than they ever have before. It's beginning to really worry the medical community that this sedentary lifestyle is creating more and more obese children. In fact, the number of overweight children has more than doubled in the past 30 years. Amy Salmen has battled weight for most of her eleven years. "When we divided up for teams, like on basketball and stuff, I was always the last one picked and I'm actually one of the best players." At four-foot-nine and one-hundred-forty pounds, amy knows she should lose weight. "15 pounds mostly. That's probably about it." What she doesn't know is how much weight she really needs to lose. According to doctors, Amy needs to drop about twenty-five pounds. She says she eats healthy. "When i pack my lunch, I just have a sandwich, 45 cents for milk and two pieces of fruit." But Amy's dad says, "It seems like if it's in the house and it's unhealthy, she's going to eat it." That unhealthy food comes at a hefty price. An overweight child is more likely to have high blood pressure, high cholesterol, sleep apnea, asthma, arthritis and type two diabetes. Doctor Nicolas Stettler says it's everyone's responsibility. "When you see a very overweight child who is just three or four years old, it's hard to blame it on the child." He suggests parents replace TV time with physical activity, consult frequently with a pediatrician, breastfeed infants - it's thought to protect against future weight problems, and realize it's up to you to make healthy food choices. "Children are responsible for eating what they want to eat but the parents are responsible for making available some foods, rather than others." Doctor Stettler warns parents not to go overboard, but do take action. "Childhood may be a window of opportunity to be able to set them on the right track."


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SAN FRANCISCO (KGO) -- Many of today's cars are engineered with the latest advanced safety features. They can watch the road, steer your vehicle back into its lane, and even automatically brake when a crash is imminent.
Although investing in advanced safety technology on your next car will raise its sticker price, it can lessen the impact of a collision or help you avoid one altogether.
But what happens when these systems need a repair?
These advanced safety systems can't work without sensors. And the sensors are located in easy-to-damage areas like the bumper, windshield, and side mirrors.
According to RepairPal, the average cost of a basic windshield replacement runs about $300 to $500. But a replacement for a windshield with advanced safety components could cost anywhere from $800 to $1,900.
Although more expensive to repair, these advanced safety systems are worth it because they keep drivers safer on the roads, Consumer Reports says.
According to a recent study, rear-end collision rates for vehicles with forward collision warning and automatic emergency braking were 46 percent lower than for vehicles those without those systems.
So, how worried should you be that you'll get a big bill from a mechanic? Consumer Reports says your car insurance should help.
When you get one of these bills, don't panic -- you shouldn't have to pay any more than your insurance deductible.
CR says because these systems have become more complicated, it may be harder to find the right mechanic for the job. Ask your dealership if it can handle the repair or recommend a qualified repair shop.
If you're in the market for a new car, CR strongly recommends looking for a vehicle with automatic emergency braking, pedestrian detection, forward collision warning, and blind spot warning, features that could turn a devastating crash into just a close call.
All Consumer Reports material Copyright 2020 Consumer Reports, Inc. ALL RIGHTS RESERVED. Consumer Reports is a not-for-profit organization which accepts no advertising. It has no commercial relationship with any advertiser or sponsor on this site. For more information visit ConsumerReports.org.
Take a look at all of 7 On Your Side's stories with Consumer Reports here.
Is the cost of repairing newer cars with advanced technology worth it?
More TOP STORIES News


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The entire world is looking forward to the greatest gadget conference of the year, Mobile World Congress 2016, which is going to be held at Barcelona from 22nd February to 25th February. Popular for gathering all the big tech hubs under one shade, MWC is the rightful place for the gadget manufacturers, where they can showcase the projects, upcoming devices and innovative inventions to the world. Brands like, Samsung, LG, Microsoft, HTC, Huawei, Honor, Xiaomi, Alcatel, Oppo and many other brands showcase their flagship devices in this event.
Samsung Galaxy S7 & S7 Edge
From the very beginning of 2016, Samsung entered the speculations for launching the successor devices – Samsung Galaxy S7 and Samsung Galaxy S7 Edge. Samsung is about to sport a 5.1 inch display with S7 and 5.7 inch dual edged Galaxy S7 Edge. Both the devices are going to sport Super AMOLED display with the support of Corning Gorilla Glass. Apart from that, these devices are about to run Qualcomm Snapdragon quad-core processors with Adreno GPU. Excellent camera, sound clarity, immense app support, updated operating system and much more in specs will make these devices another biggest hit in the present tech market.
Unlike Samsung, LG is in latest gadget news for participating in MWC to showcase its successor flagship device LG G5. G5 is going to be the ideal successor of G4, which will sport 5.6 inch IPS LCD Capacitive touchscreen, Android Marshmallow OS, Adreno GPU, Qualcomm Snapdragon processor, 4GB RAM, 64 GB inbuilt memory and up to 200GB expandable memory support, along with 20MP rare and 8MP front camera, robust sensor support and other powerful specifications.
HTC One M10
After stealing the heart of mobile lovers last year with One M9, HTC is about to unveil its successor HTC One M10. About to appear with a 5.1 inch AMOLED Capacitive display, this will get the back of Marshmallow and sport 32GB inbuilt memory, 4GB RAM, 200GB expandable memory support, ADRENO GPU, Qualcomm Snapdragon CPU, Stereo speakers and other robust features.
Samsung Gear VR and Gear S3 sports version
After spending a long time on the development of its own VR, finally the company might showcase its Gear VR. It will be a 3D device, compatible with the smartphones from Samsung, like S6, S6 Edge and upcoming S7 lineup devices.
Huawei P9 Max
Being in rumor for launching the prime latest technology gadgets like a smartwatch, smartphone and a laptop together in MWC, Huawei, the popular Japanese smartphone manufacturer might unveil its new flagship smartphone P9 Max with its self-made stylus. It is about to feature a 6.1 inch IPS LCD display with quad core processor, 4GB RAM, 64GB inbuilt memory, 128GB expandable memory, along with Marshmallow operating system, powerful camera, clarity in display resolution, boat loads of apps and sensor with a non-removable battery.


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The price associated with bitcoin increased in the particular year 2017. Coinbase, one of several world’s largest cryptocurrency exchanges, was in the right place within the right time to capitalize in the raise in interest. Even so, Coinbase isn’t interested in getting its crypto gains without any consideration. To stay ahead inside a much larger cryptocurrency market, the company will be plowing money back into their grasp plan. Up until 2017, you can actually revenue seemed to be reported in $1 billion dollars and over $150 million of possessions were traded in across 20 million clients.
Coinbase, a San Francisco based company, is known as the leading cryptocurrency trading software in often the United States sufficient reason for it has the continued success, landed from the No. 10 spot on the CNBC Disruptor listing in 2018 after declining to make the checklist the previous a pair of many years.
On their path for you to success, Coinbase has still left no natural stone unturned throughout poaching essential executives from New York Stock Alternate, Twitter, Facebook, and LinkedIn. With the current economic 12 months, the dimension of it has the fully committed anatomist team has virtually doubled.
Earn. com seemed to be bought by Coinbase this particular April for $100 mil. That platform allows you to give and acquire online foreign money while responding to help mass market email messages and even completing micro duties. At present, the company is planning to bring a former Andreessen Horowitz opportunity capitalist, Brings in originator plus CEO as its first-ever main technologies official.
According to existing valuation, Coinbase valued on its own with about $8 billion in order to set out to acquire Earn. Apresentando. This cost is much higher than the particular worth of $1. 6 billion which was estimated with the last circle associated with venture capital auto financing in the summer of 2017.
Coinbase declines for you to comment on its valuation despite the fact that will that has more in comparison with $225 million in financing from top VC’s which includes Union Square Ventures, Andreessen Horowitz and also coming from the New York Stock Exchange.
To meet the needs of institutional investors, the New York Stock Exchange is planning to help start its very own cryptocurrency alternate. crypto genius Review , some sort of rival involving NYSE is additionally considering the similar move.
� Competitors is Coming
As contending organizations look to get a attack out connected with the Coinbase’s business, Coinbase is looking to other venture capital options in an attempt to build up a moat about often the company.
Dan Dolev, the Nomura instant analyst, mentioned that Square, a new company operate by Twitter CEO Jack port Dorsey could eat straight into Coinbase’s exchange business mainly because it started off trading cryptocurrency about the Square Cash software in January.
According for you to the reports by Dolev, Coinbase’s regular trading costs were being around 1. 7 per cent within 2017. Expenses this high could travel the users additional more affordable exchanges.
Coinbase is looking in order to become a one-stop retail outlet for the institutional option traders while hedging it is alternate business. To be able to lure within that white glove individual class, the company has announced a fleet of new merchandise. This course of traders has been especially mindful to dance into the particular volatile cryptocurrency market.
Coinbase Prime, The Coinbase Institutional Coverage Group, Coinbase Guardianship and Coinbase Market segments will be the solutions launched with the company.
Coinbase feels there are billions of us dollars within institutional money which can be invested in typically the digital currency. This already has the guardianship connected with $9 billion in purchaser resources.
Institutional buyers happen to be concerned about stability regardless of knowing Coinbase has not encountered a hack such as some other global cryptocurrency trades. Coinbase chief executive and COO said that the popularity regarding launching the Coinbase custody of the children last November was initially the deficit of trusted custodian to safeguard their own crypto resources.
� At present Wall membrane Neighborhood Shifts by Whacking Bit to Cryptocurrency Backer
According to latest information accessible from Autonomous Next Wall Street’s, interest within cryptocurrency seems to always be increasing. At present, you will find 287 crypto hedge money, while in 2016, truth be told there were solely 20 cryptocurrency hedge cash that been around. Goldman Sachs has possibly opened the cryptocurrency dealing desk.
Coinbase has in addition introduced Coinbase Ventures, which often is an incubator deposit for early-stage startups functioning in the cryptocurrency together with blockchain space. Coinbase Undertakings has already accumulated $15 billion dollars for further assets. Its 1st investment has been announced in a very startup known as Compound which will allow one to borrow or maybe provide cryptocurrency while getting a good interest rate.
At the beginning of 2018, typically the company launched Coinbase Marketing, which allows sellers to help accept significant cryptocurrencies with regard to payment. An additional bitcoin international was BitPlay, which recently raised $40 million inside venture money. Last 12 months BitPlay processed more than $1 billion in bitcoin obligations.
The advocates of blockchain technology consider that later on, cryptocurrency will be able to get rid of the need with regard to central banking specialists. In the process, it is going to spend less and create the decentralized monetary solution.
� Regulatory Safety measures Remains Intense
To keep gain access to minimal to four cryptocurrencies, Coinbase has drawn a great deal of judgments. But that they must tread thoroughly whilst the U. S. regulators deliberate on how in order to police particular uses regarding the technology.
Intended for cryptocurrency exchanges like Coinbase, the matter of concern will be whether as well as not cryptocurrencies are investments which will be subject to Securities and Exchange Commission legal system. Coinbase is admittedly sluggish to add new gold and silver coins since the SEC announced around Mar that it might employ safety measures laws in order to all cryptocurrency trades.
Walls Avenue Journal described of which Coinbase met often the SEC officials to register on its own as a licensed brokerage house and even electronic trading site. In such scenario, it would likely become simpler for Coinbase to support a lot more gold coins and also to conform along with security regulations.


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Less than two weeks after Airbnb admitted that at least 20 percent of its San Francisco hosts were operating illegally, fliers taking the guests of some of these hosts to task are appearing in Chinatown.
"Dear Airbnb Tourist," the flier posted to a Chinatown wall begins, "Your vacation/short term rental has led to the eviction of Chinese immigrant families."
In April 2015, the SF Examiner reported that "San Francisco-based Airbnb is playing a major role in city evictions" and is "a bigger factor than the much-maligned Ellis Act" with "many, many more Airbnb-related evictions that go unreported."
Though Airbnb concedes that 20 percent of their SF hosts are breaking the lawm city officials believe the number is far higher: According to an analysis released by SF's Budget and Legislative Analyst’s Office last week, "the overwhelming majority of Airbnb hosts in the city have not bothered to register their short-term rental, and a significant minority of them are ignoring the city’s prohibition on renting out entire homes for months on end," Curbed SF reports.
"Our lives, our schools, our grandparents' homes, and social fabric are being destroyed," the flier, which was spotted yesterday afternoon, argues. It closes — perhaps insincerely — with "Have A Nice Visit In Chinatown."
Guess it's safe to assume that when Airbnb rolls its neighbor feedback function out in SF these flier makers are going to be giving out a lot of one-star reviews.
[h/t Curbed SF]


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Cybersecurity researchers have discovered an AMD chipset driver vulnerability that can be exploited to dump system memory and steal sensitive information.
The security researchers first discovered the flaw with Ryzen 2000- and 3000-series platforms, while AMD initially only listed Ryzen 1000 and older processors in its advisory.
Tom’s Hardware raised the discrepancy, noted by the researchers in their report as well, and AMD has since updated its advisory to suggest that the issue affects its entire modern consumer processor lineup as well as several older models.
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The good news is that AMD has patched the vulnerability, and the updates were shipped through Microsoft’s September Patch Tuesday bundle.
Tracked as CVE-2021-26333 the vulnerability resides in the driver for AMD Platform Security Processor (PSP), which helps enable the operating system to process sensitive information inside cryptographically-secured portions of memory.
According to The Record, Windows relies on the amdsps.sys driver to make use of the PSP feature. The researchers were able to compromise this driver to download several gigabytes of sensitive data as a non-admin user.
Additionally, parsing through the detailed report, Tom’s Hardware notes that the researchers argue that the data obtained from exploiting the vulnerability could help attackers circumvent mitigations for exploits such as Spectre and Meltdown.
Interestingly, AMD had reportedly already issued the patch several weeks ago, without sharing details about the issue until now.
- These are the best endpoint protection tools
Via Tom’s Hardware
Source from www.techradar.com


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Have you ever felt duped by a car rental service? You're not alone.
California resident Don Nelson is the latest victim of errant fees and backless claims, according to a report by CBS San Francisco. Nelson drove a rented vehicle without incident until the final day of his rental contract, when the "check engine" light lit up on the dashboard. The vehicle was acting fine, and when Nelson returned it to Enterprise that day, he was told by the agent, "don't worry about it." A week later, he was served a bill for $145 for supposedly damaging the vehicle by revving the engine, according to the company's claim.
The local television station's consumer watch advocates went after Enterprise and the charge was eventually dismissed as a "mistake," but Nelson's experience isn't the first and won't be the last. Atlanta resident Carrie Finegan disputed an astronomical charge of $464 from National for a minor dent to her rental vehicle -- damage she insists did not happen while she was operating the car. After being threatened with having the bill reported to a collection agency, Finegan sought the help of author and consumer advocate Christopher Elliot, who managed to get the claim dropped.
While Finegan maintained her innocence, she had broken a cardinal rule of car rentals: Take photos. Jason Alderman, senior director at Visa, advises: "Before you drive off the lot, thoroughly inspect the car, inside and out, for any pre-existing damage and note it on your contract; otherwise you could receive a hefty bill for someone else's minor scratches and dents. Likewise, when you return the car, consider taking time-stamped photos or video to prove it was in good shape."
While some renters are hit with surprise charges after the fact, others are facing higher fees before they even leave the lot, thanks to what many rental agencies call "dynamic pricing."
In a report on Frommer's, rental client Hal Gordon complained of some odd pricing and booking policies by several companies, including Hertz and Avis. Gordon was doing some research for a friend from Israel, but, "the website said there were no vehicles available for the dates chosen," he told Frommer's. "I checked for other countries in the Middle East -- same result. However, for UK or Venezuela -- no problem. Vehicles were available," he said.
Gordon's inquiry uncovered a common pricing system that can alter consumer search results based on, "level of demand, cost of service, currency exchange rates, and the competitive environment," according to an Avis spokeswoman. Alderman suggests it's best to do your research ahead of time and use comparison sites like Hotwire or Priceline to see competing offers.
Have you been subjected to ridiculous car rental fees? Tell us about it in the comments.


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Chinese smartphone maker Xiaomi said that it has opened more than 500 Mi Stores across villages in India by October 29. Manu Kumar Jain, the global vice president of Xiaomi and the managing director of Xiaomi India, shared the development in a social media post.
“Xiaomi is opening rural #MiStore with ‘New Retail’ concept across the country. These are exclusive stores that bring Xiaomi’s flagship experience to rural consumers,” he said.
Located across 14 states, the all new Mi Stores have an average size of 300 sq ft. and reflect the signature design of Xiaomi’s Mi home stores. “Mi Stores display futuristic interiors with minimalist concept, offering customers the valuable opportunity to experience and purchase all Xiaomi products of India under one roof,” the company said.


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JAS Forwarding signs up to the cargo.one platform to digitally book capacities
Jan 29, 2019: International logistics company JAS Forwarding has signed up to use the online booking platform cargo.one for booking air freight capacities.
The online platform provides JAS Forwarding service teams with real-time access to the freight capacities of several airlines. Their offers for routes can be compared on cargo.one and booked directly with one click at dynamic spot rates. cargo.one thus replaces the time-consuming, manual ad-hoc pricing process with a time-efficient process.
"We tested the cargo.one platform extensively and were always in close contact with the teams on both sides. The joint product development convinced us that the cargo.one software would help us optimize our processes. Booking processes are significantly accelerated and the current spot rates allow us to always offer our customers the best options," says Gordon Reinke, Airfreight director Germany of JAS Forwarding.
JAS Forwarding and cargo.one use the strong partnership and their complementary expertise to further develop the cargo.one platform and advance future key air freight technologies. The two companies will focus on the digitalisation of air freight pricing, booking and tracking of air freight shipments.
Oliver T Neumann, co-founder of cargo.one said: "The air freight industry is still largely analogous and offers great potential for optimisation and faster processes.%u201D
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All communication will run via OSCA, from order confirmation and delivery planning to transport bookings and inquiries among other aspects of the software.
Laem Chabang has a range of strategic multi modal capabilities alongside its proximity to the country’s major deep sea port, transit cargo terminal and the future Thailand third airport project at U-Tapao.
The company said the new aircraft will boost the cargo and supply operations and help meet the significant surge on the demand for medicine, medical and preventive equipment and other similar goods.
Etihad Aviation Group has promoted Martin Drew to the role of managing director – Cargo and Logistics. Drew will assume the position on November 1.
The additional cold room (COL), with temperatures ranging from +2 degrees Celsius to +8 degrees Celsius, will provide the capacity required to handle Covid-19 vaccines.
German startup Volocopter has teamed up with DB Schenker to deploy its heavy-lift drones, in a project that will gather vital practical flying experience before its air taxis enter service.
August showed a year-over-year (YoY) drop of 17.2 per cent in worldwide volume and of 29 per cent in shipments carried.
Kempegowda International Airport, Bengaluru (KIAB/ BLR Airport) processed 180,745 kg of pomegranates from April to August 2020, making it India’s leading airport for pomegranate exports.
In this arrangement, CHAMP will be the preferred partner in the roll-out and testing of any new technologies and innovations.
The next big challenge will be future proofing the logistics workforce through training and upskilling in increasingly technologically sophisticated operations.
The IATA appointed independent assessment focuses on the quality assurance processes, operational and technical innovation, risk management, and the preservation of all relevant shipment data along the entire logistics chain.
In order to tackle these challenges, airports will require significant hydrogen transport and refueling infrastructure to meet the needs of day-to-day operations.
Flight CX8800 will be operated by a reconfigured Boeing 777-300ER passenger aircraft instead of Cathay Pacific's go-to ultra-long-haul freighter, the Boeing 747-8.


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California is known for its sunshine, and Texas A&M will look just as bright on Sunday when they play UCLA in the Rose
The program revealed they’ll wear their all-white uniforms against the Bruins.
Even California sunshine can't stop this ice.
??/??/?? for our first game.
— AggieFBLife (@aggiefblife)
September 3, 2017
The uniform includes all white cleats, white cloves, a white helmet with a white jersey. The coolest part of the video comes
around the 8-second mark when the Aggies reveal their special tribute sticker for the victims of Hurricane Harvey and those
effected by the storm.
The Aggies are sponsored by adidas and signed a
gigantic apparel and uniform deal with the company in 2015. Coincidentally, one of the only bigger contracts adidas maintains is their partnership with UCLA.
Texas A&M’s deal is also the biggest in the SEC.
LOOK: Texas A&M reveals uniforms for UCLA game appeared first on


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BlackBerry Limited (NYSE:BB – Get Free Report) has received a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.13.
BB has been the topic of several research analyst reports. TD Securities reduced their price objective on BlackBerry from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, October 5th. StockNews.com began coverage on shares of BlackBerry in a report on Thursday, October 5th. They issued a “sell” rating for the company. Canaccord Genuity Group dropped their price objective on shares of BlackBerry from $5.37 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, August 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $4.50 target price on shares of BlackBerry in a research note on Friday, September 29th. Finally, CIBC lowered their target price on BlackBerry from $5.50 to $4.75 and set a “neutral” rating for the company in a report on Wednesday, October 18th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of BB. Sequoia Financial Advisors LLC purchased a new stake in BlackBerry in the 3rd quarter worth approximately $48,000. Barclays PLC raised its holdings in shares of BlackBerry by 3.1% during the third quarter. Barclays PLC now owns 256,199 shares of the company’s stock worth $1,207,000 after acquiring an additional 7,785 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of BlackBerry during the third quarter worth $195,000. CIBC Asset Management Inc boosted its position in BlackBerry by 3.3% during the third quarter. CIBC Asset Management Inc now owns 503,926 shares of the company’s stock valued at $2,393,000 after purchasing an additional 16,280 shares during the last quarter. Finally, PBMares Wealth Management LLC purchased a new position in BlackBerry in the third quarter valued at about $57,000. Hedge funds and other institutional investors own 42.66% of the company’s stock.
BlackBerry Price Performance
Shares of BlackBerry stock opened at $3.74 on Thursday. BlackBerry has a 1-year low of $3.17 and a 1-year high of $5.75. The company has a market capitalization of $2.18 billion, a PE ratio of -3.63 and a beta of 1.54. The business has a 50-day moving average of $4.33 and a 200-day moving average of $4.78.
BlackBerry (NYSE:BB – Get Free Report) last released its quarterly earnings results on Thursday, September 28th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $132.00 million during the quarter, compared to the consensus estimate of $134.25 million. BlackBerry had a negative net margin of 66.91% and a negative return on equity of 7.11%. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. On average, equities analysts expect that BlackBerry will post -0.03 earnings per share for the current fiscal year.
BlackBerry Company Profile
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylancePROTECT, an endpoint protection platform and mobile threat defense solution; CylanceOPTICS, an endpoint detection and response solution; CylanceGUARD, a managed detection and response solution; CylanceGATEWAY, an AI-empowered zero-trust network access solution; CylancePERSONA, a user and entity behavior analytics solution; BlackBerry unified endpoint management, a central software component for secure communications platform; BlackBerry Dynamics, a development platform and secure container for mobile applications; and BlackBerry Workspaces solutions.
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UNO Pizzeria & Grill has unveiled its first major menu overhaul in decades, adding more than 50 new items that have received a warm welcome from diners at Uno’s downtown Dayton location.
The "Love All, Feed All" offerings are designed for those with special dietary restrictions, although fans of the restaurant’s deep-dish pizza need not worry: the restaurant chain’s signature dish and its traditional menu are still available.
“In recognizing the different ways today's consumers are eating, UNO restaurants nationwide will now offer this supplemental menu — with options for calorie-counting, vegan, vegetarian, gluten-sensitive, dairy-free and carb-conscious eaters — in addition to its regular menu, making it easier than ever to satisfy the whole family,” according to an UNO release.
More than 20 of the new menu items contains less than 600 calories, including thin-crust pizzas such as Fresh Spinach, Creamy Goat Cheese and Caramelized Onions; Wild Mushroom and Aged Cheddar; and Roasted Eggplant, Fresh Spinach, Pesto and Feta. The new menu includes five vegan items, 15 vegetarian choices and 15 gluten-sensitive dishes.
Customer reaction has been positive, Joe Kiley, general manager of the downtown Dayton Uno’s, told this news outlet.
“We’ve had great reviews from guests on the lighter flatbreads that we spin out fresh each day, all of them under 600 calories,” Kiley said. “The Beyond Burger, a plant-based meatless burger, has gotten high marks.”
The new menu, Kiley said, “allows us to stay true to Chicago deep-dish heritage and cater to the healthier options. We have always had some healthy options, but now we can celebrate with those looking for specific items that are easy to see and find in the menu.”
The Dayton restaurant opened in 1999 next to the Victoria Theatre at 126 N. Main St., and has survived Dayton’s booms and busts that forced several nearby restaurants to shut their doors over the past two decades. Uno Pizzeria & Grill also operates a restaurant in West Chester.
"This is a drastic modernization and expansion of our menu and its first major overhaul in decades," Jim Ilaria, CEO of UNO Pizzeria & Grill, said in a release. "While we are famous for inventing the deep-dish pizza and have served it to generations of fans since 1943, we are thrilled to now offer a wider variety of options so everyone can walk through our doors confident they will enjoy a tasty meal regardless of their dietary interests."
Boston-based Uno includes 100 company-owned and franchised UNO Pizzeria & Grill restaurants in 19 states and four other countries.


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WASHINGTON, Jan 15 (Reuters) - U.S. regulators have warned medical device maker Stryker Corp (SYK.N) about manufacturing problems linked to some malfunctioning implant parts.
At times, the malfunctions were serious enough to require additional surgery.
A copy of a warning letter send to Stryker was posted on the U.S. Food and Drug Administration Web site on Tuesday. It said infractions at the company’s Mahwah, New Jersey, plant included failure to fix quality problems, including those related to its Trident hip-replacement systems. The 11-page letter was dated Nov. 28, 2007.
The FDA said there were customer complaints about squeaky ceramic hip joints, among other problems.
The agency sends dozens of warning letters each year. Most are resolved without further action. In rare cases, the letters can result in product seizures or hold up approval of new products. (Reporting by Kim Dixon; editing by John Wallace)


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BISMARCK, N.D. (KFYR) – As the COVID-19 pandemic continues, the need for food banks grows.
In June, the Dream Center Bismarck Adopt-a-Block Food Distribution program was serving just over 200 households, now that number has more than tripled to 700.
The Adopt-a-Block Food Distribution truck visits six locations each week in Bismarck and Mandan to distribute grocery products to those in need.
All patrons need to do is show up to one of the locations and fill out an intake form with their name, address and household size, and age range.
“People are really looking for the community here at The Banquet. You know the fellowship that it provides, you know but, when they get home, there’s nothing there. In some cases, their cupboards are bare, and that’s where Adopt-a-Block comes in,” said Dream Center Bismarck President Jim Barnhardt.
Those in need can find the link for the list of distribution locations at: https://thebanquetnd.com/resources and those looking to volunteer can reach out to Jim Barnhardt at 701-226-4524 for more information.
Copyright 2020 KFYR. All rights reserved.


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By Paul Sandle
LONDON (Reuters) - British software firm Sage <SGE.L> reported a 10 percent rise in organic operating profit to 475 million pounds and said its top-line growth would accelerate to 8 percent this year from 6.6 percent a year earlier.
The company, which supplies software to millions of small businesses, said on Wednesday that two acquisitions in 2017 - Fairsail and Intacct - would together add around 1 percent of revenue in the current year.
Chief Financial Officer Steve Hare said growth had accelerated in its final quarter, driven by existing customers moving to subscription products and new customers signing up for its flagship enterprise product Sage X3.
Shares in Sage, which have risen 11 percent in the last three months, were up 2.5 percent at 795 pence by 0936 GMT.
Investec, which raised its price target to 800 pence but kept a "hold" rating, said the result was slightly ahead of expectations.
But the broker had some quibbles over the second half growth rates for cyclical and recurring revenue, noting that growth in recurring revenue had slowed in the second half to 9 percent from 9.9 percent in the first.
(Editing by Alistair Smout, editing by Louise Heavens)