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Successful Opening Weekend for Ulstein Expo
ULSTEIN’s new company exhibition, ULSTEIN EXPO, opened its doors to the public this past Friday, June 17. The opening was a success, with hundreds of visitors during Friday night and Saturday. Additionally, several groups have already booked guided tours of the exhibition in the coming months.
“We are very happy with the turnout at the opening weekend, and we hope that the exhibition will become a popular attraction for people in and visitors to Ulstein and the region," says Gunvor Ulstein, CEO of Ulstein Group.
ULSTEIN EXPO tells the story of Ulstein Group’s past, present and visions for the future through films, audio recordings, pictures, objects and text. The permanent exhibition will be open between 11 am and 2 pm on the following Saturdays this summer: June 25, July 9, July 23, August 6, and August 20.


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Equities research analysts predict that Patrick Industries, Inc. (NASDAQ:PATK) will report sales of $958.20 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Patrick Industries’ earnings. The highest sales estimate is $978.80 million and the lowest is $937.60 million. Patrick Industries reported sales of $700.71 million during the same quarter last year, which would suggest a positive year over year growth rate of 36.7%. The firm is scheduled to announce its next earnings report on Thursday, November 4th.
According to Zacks, analysts expect that Patrick Industries will report full-year sales of $3.79 billion for the current year, with estimates ranging from $3.70 billion to $3.87 billion. For the next year, analysts anticipate that the business will report sales of $3.97 billion, with estimates ranging from $3.85 billion to $4.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Patrick Industries.
Patrick Industries (NASDAQ:PATK) last released its earnings results on Thursday, July 29th. The construction company reported $2.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.69. Patrick Industries had a return on equity of 30.29% and a net margin of 5.43%.
NASDAQ PATK traded down $2.04 during trading on Tuesday, hitting $79.12. The stock had a trading volume of 119,962 shares, compared to its average volume of 145,963. The company has a market capitalization of $1.87 billion, a PE ratio of 10.12 and a beta of 2.44. The company’s 50-day moving average price is $80.59 and its two-hundred day moving average price is $83.55. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.09 and a current ratio of 2.32. Patrick Industries has a 12 month low of $47.74 and a 12 month high of $98.83.
The business also recently declared a quarterly dividend, which was paid on Monday, September 13th. Shareholders of record on Monday, August 30th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, August 27th. Patrick Industries’s dividend payout ratio (DPR) is 26.67%.
In related news, Director Derrick B. Mayes sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 11th. The stock was sold at an average price of $87.00, for a total transaction of $104,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Todd M. Cleveland sold 1,000 shares of the company’s stock in a transaction on Monday, August 30th. The shares were sold at an average price of $85.53, for a total value of $85,530.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,200 shares of company stock worth $1,383,910 in the last ninety days. Insiders own 6.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its holdings in Patrick Industries by 4.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 80,062 shares of the construction company’s stock valued at $5,845,000 after buying an additional 3,559 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Patrick Industries during the 2nd quarter valued at $204,000. Marshall Wace LLP bought a new stake in shares of Patrick Industries during the 2nd quarter valued at $3,446,000. Marshall Wace North America L.P. bought a new stake in shares of Patrick Industries during the 2nd quarter valued at $886,000. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Patrick Industries by 108,466.7% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 6,514 shares of the construction company’s stock valued at $476,000 after acquiring an additional 6,508 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.
Patrick Industries Company Profile
Patrick Industries, Inc engages in the manufacture of components products and distribution of building products for industrial markets. It operates through the following segments: Manufacturing and Distribution. The Manufacturing segment includes laminated products what are utilized to produce furniture, shelving, walls, countertops, cabinet products, cabinet doors, fiberglass bat fixtures, hardwood furniture, vinyl printing, solid surface, granite, quartz countertop fabrication, RV painting, fabricated aluminum products, fiberglass and plastic components, softwoods lumber, custom cabinetry, polymer-based flooring, electrical systems components, and other products.
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This should make a lot of people unhappy. According to a press release issued today, TiVo will now offer ad space on its pause menu. Designed to outsmart those who fast-forward through the ads (we assume that's almost everyone at this point, right?) buyers will be able to target viewers of a specific show, or they can opt to "cast a wider net" and advertise within genres or keywords of program descriptions. Even if this means we'll be seeing ads for Shrute Farms beets during The Office
, we're still going to hold out hope for the TiVo version of Adblock.
[Via Zatz Not Funny


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Windstream has made its long-awaited entrance into the SD-WAN race, signaling the service provider’s broader movement to offer software-based networking solutions for business customers.
Midsized to large enterprise customers that purchase Windstream’s SD-WAN service will be able to access the same technology advantages that large enterprises enjoy, including custom-designed networks and services, as well as a support team.
Windstream said its SD-WAN solution offers businesses—including middle market customers—a more tailored, flexible and controllable WAN experience.
Having started its network software transition on its optical backbone network, Windstream’s SD-WAN service leverages SDN to dynamically route business customer traffic over a combination of private and public access types to reach multiple locations.
Mike Kozlowski, VP of product management at Windstream, told FierceTelecom that since it started rolling out the product at the end of 2016, customer interest is ripe.
“We added a few customer nodes on the network and seen good success for those customers so far,” Kozlowski said. “We’re looking to continue to ramp product set and capabilities.”
Simplifying management, security
Like other service providers, Windstream said three issues motivated the telco to offer an SD-WAN solution: reducing customer downtime, the growing adoption of hybrid private/public cloud architectures, and the cost of adding satellite locations.
Rather than having to manage various routers, firewalls and switches, customers can maintain control over their network from a centralized location. The solution also simplifies management and monitoring by presenting information to customers.
Windstream’s service implements business policies that can dynamically prioritize and deprioritize traffic, making better use of available bandwidth to enhance performance and overall user experience.
By providing a managed service, Windstream can give a business a holistic view on how their service is performing.
“Our customers have a cloud implementation of the network and you have an application shaping tool and a single screen to watch the network,” Kozlowski said. “You also have UCaaS and all the tools that come with that and MNS cloud firewall that not only create tremendous cost savings, but all the tools that come from a cloud instance.”
By providing dual active links, Windstream can offer redundant and/or diverse connections at each site, increasing network resiliency. Using low-touch provisioning, Windstream can also scale SD-WAN quickly to accommodate new sites with easily activated circuits.
At the heart of Windstream’s SD-WAN product is the VeloCloud solution, which is currently being used by EarthLink and other providers.
“We’re leveraging the VeloCloud platform because it is a proven offer in the SD-WAN industry that afforded us to be a fast follower and create end-to-end service offering for the middle market space,” Kozlowski said. “It leverages SDN to dynamically route traffic over the public network using IPsec tunnels.”
Retailers like it
While the service provider could leverage SD-WAN across other verticals it is strong in like the public sector and financial, Windstream is seeing the initial interest in the retail channel.
What makes retail a ripe opportunity for SD-WAN is the remote nature of the industry.
Large retailers typically have a large home office and multiple sites across various geographies to support point of sale, employee training and the need for district managers to communicate with the home office and others while in the field visiting stores.
“For the retail vertical it’s a cost play,” Kozlowski said. “They have some level of a growth initiative for bandwidth within their remote stores and they have a business requirement they need to maintain or cut costs around their infrastructure to maintain their earnings performance.”
Kozlowski added that retailers also have a “VoIP or remote application requirement, which the SD-WAN can accommodate with traffic shaping and performance over the classic over-the-top IPsec tunnels.”
A remote IT manager that might have oversight over 500 stores can look at application performance at any location.
“They can determine is the voice up to par and all the parameters of the voice service acceptable,” Kozlowski said. “If they get a call from a branch that’s 500 miles away that IT manager can look at the portal and the performance and determine if they are routing correctly and what changes need to be made.”
One retailer that’s taking advantage of Windstream’s SD-WAN solution is Kona Grill. The restaurateur, which has 45 stores and 1 headquarter site, needed a solution to support point of sale (POS), stock ordering and consolidating voice, access and vendors.
Windstream has deployed a 50 Mbps circuit with 60 phones and 100 Mbps MNS cloud at the headquarter location. At each of the stores, the telco equipped Kona Grill with broadband access and two Mitel handsets per store.
To maintain redundancy, it has failover of Unified Communications as a Service (UCaaS) to a data center in Little Rock, Arkansas.
Retail may be the first hot SD-WAN button for the service provider, but overall SD-WAN will offer Windstream a large opportunity for growth in other verticals like healthcare, financial and professional services.
According to Forrester Research, 64% of U.S.-based companies are in stages of planning to implement or expanding implementation from a traditional WAN to a SD-WAN solution in the next 12 months.
Windstream itself is seeing the SD-WAN sale funnel grow about 70% every two weeks.
“We’re a bit underindexed when it comes to MPLS,” Kozlowski said. “We bring together security, voice and an access portfolio that includes fixed wireless as well as on-net and off-net third-party offerings over a software layer—especially the retail vertical—so it’s not surprising we’re seeing such growth.”
EarthLink acquisition will further scale
Upon completing its acquisition of EarthLink, Windstream will be able to accelerate its SD-WAN efforts with a greater set of capabilities and a growing customer base.
Following the launch of its SD-WAN offering in September, EarthLink has already seen customer interest.
EarthLink signed multiple customers for SD-WAN, including a 400-restaurant contract with national restaurant chain TGI Friday's. EarthLink is providing a full suite of services to TGI Friday's including SD-WAN Concierge, MPLS, Cloud Express and Hosted Voice.
The service provider has also been attracting others like Dunn-Edwards, a regional commercial paint supply company.
Kozlowski said that while he sees EarthLink bringing complementary SD-WAN solution to the Windstream fold, the service provider will continue to pursue its own path for now.
“EarthLink has had a pretty high cloud focus and they have an SD-WAN product which is one of the jewels in their portfolio,” Kozlowski said. “We’re expecting to take advantage of some of the benefits, but until it closes we can’t comment too much.”


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» Angka Jitu 4d Salsa Kamis 11 07 13
Angka Jitu 4d Salsa Kamis 11 07 13
Angka Jitu 4d Salsa Kamis 11 07 13 on Technology News and Updates AdmaTechnology.com at Thursday, April 24, 2014
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Tiruppur aims to overtake Bangladesh, China in apparel export
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Poll: Majority of Americans fear Donald Trump presidency
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Apparel makers find a perfect fit in tech startups
"As a brand in the value-fashion segment, we cannot afford wastage at the manufacturing level or mismatch of inventory at a retail level," says Vasanth Kumar, managing director of Max Fashion.
SP Apparels to make stock market debut tomorrow
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Under fire Donald Trump admits Obama is American
The mogul-turned-politico pointedly did not apologize, nor did he walk back similarly baseless claims that Obama -- whose father was a Kenyan Muslim -- founded the violent Islamic State group.
Dutch apparel brand Scotch & Soda drops Myntra for Reliance
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SP Apparels lists at 13 per cent premium on its debut
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SP Apparels makes 13.8% listing gains on debut
The maker of the Crocodile brand, SP Apparels, made a decent debut on the bourses on Friday, as the scrip got listed at Rs 305 on BSE, a 13.81 per cent premium over the issue price of Rs 268.
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Egypt based B2B truck hailing platform, Trella, has announced it obtained a $6 million debt funding from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the growth of its operations.
- Founded in 2018, Trella is a B2B technology platform and trucking marketplace connecting shippers with carriers in real-time. Active across the Middle East and Pakistan, the startup has more than 350 shipper partners, including blue-chip brands such as Coca-Cola, Maersk, Mondi, Henkel, Amazon, and DHL. It also has over 30,000 carrier partners.
- In June last year, Trella closed a $42 million Series A funding round, comprising $30 million in equity and $12 million in debt facilities, to help it expand its operations. Last month, the startup obtained an undisclosed debt capital from Contact Financial Holding again.
- “In an industry like ours, we need new sources of capital to maintain our high-growth trajectory and reach the thousands of truckers across the region who need support to access more shipments, faster payments, and other integral services,” Omar Hagrass, CEO of Trella said in a statement.
- ALMA’s debt financing, backed by the DFC guaranty, will support expansion of Trella’s platform for MSME truckers in low-middle-income countries like Egypt and Pakistan, where MSMEs provide the bulk of employment but face operational challenges. The project will also benefit from technical assistance provided by both USAID/Pakistan and USAID/Egypt.


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Finally, an origin story for the beloved Christmas icon is coming to town!
The streaming giant Netflix just released its first official trailer for the animated film Klaus, which will take us into a frozen island above the Arctic Circle, where the legend of Santa Claus first came about!
Check out the trailer below:
Klaus follows the story of Jesper, the "postal academy's worst student" who finds himself stationed in the faraway town of Smeerensburg located in the Arctic. When feuding locals wouldn't accept Jesper's service of delivering letters, he seeks the help of Klaus, a mysterious toymaker who lives in a cabin full of handmade toys. Forging an unlikely friendship, the two would spark a change to the townsfolk while launching a legend that would transcend time.
Directed by Despicable Me co-creator Sergio Pablos, Klaus stars the voices of Jason Schwartzman as Jesper and Oscar Award-winner J.K. Simmons as Klaus. Alongside Simmons and Schwartzman are Rashida Jones, Joan Cusack, Will Sasso, and Norm Macdonald.
Klaus will come to select theaters on November 8 before its global debut through the Netflix streaming service on November 15.
Homestream image from Netflix.


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There are so many ways to make the classic holiday side dish, so I decided to put three methods to the test that have wildly different cooking times.
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The latest Pixel Officially released It’s been less than a month and it’s already started showing what’s the big problem. Some of the early Google Pixel 5 buyers are starting to realize that there is a difference between the phone’s frame and display that could jeopardize the phone’s IP rating and more.
The new Google Pixel 5 is already starting to arrive at the homes of new owners. Unfortunately, some of them report that new devices will be released with some gap between the screen’s plastic bumper and the aluminum frame. The reports may look varied, but separation is usually found in the area around the front camera. Customers are expressing concern because this difference could affect the Google Pixel 5’s water and dust resistance.
Android police staff have also experienced this problem on their devices, so it’s not necessarily big, but adds tons of reports that are growing at a consistent rate. These reports are Pixel Phone Product Forum And XDA’s Forum Some examples of these gaps and how different locations and separations can be on these phones.
“We can see that our own Pixel 5 review device has also been affected. However, it is at a lower level than some of the photos above. Most reports will appear in the corner closest to the camera cutout on the display, the top of the phone, above the SIM tray on the left, but may also appear in other areas. Most images show the problem in the Just Black colorway (probably because it is best seen when the contrast is stronger), but it also affects the Sage Green color.”
Time only this interval The influence of the phone Waterproof. However, according to reports, aesthetic glitches have existed since the Google Pixel 5 went out of the box, and the screen doesn’t seem to separate over time. Hopefully, this problem is nothing more than a cosmetic flaw that doesn’t hurt your phone’s performance or durability.
source Android police


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The first line of the Ulyanovsk site of ARKHBUM JSC will be already launched in the beginning of September this year – all required infrastructure for this has been built, the main equipment is already in operation (5-layer BHS corrugator (Germany), storage and retrieval system for the corrugated board, two BOBST converting lines) and the products are being produced. Irina Sherstneva, CEO of ARKHBUM, announced this during the site visit by Marina Alekseeva, Acting Chairman of Government of Ulyanovsk region, Dmitriy Vavilin, Acting Head of Ulyanovsk city, and Sergey Vasin, CEO of Corporation for Ulyanovsk Region Development JSC.
Irina Sherstneva also told about future development of ARKHBUM JSC. “Vladimir Krupchak, Investment Director of Pulp Mill Holding GmbH, took a decision regarding the simultaneous construction of the 2nd and 3rd lines of the plant in Ulyanovsk, - specified CEO. – The plant will reach the full capacity in 2023.”
As detailed by Alexey Vtoriy, Deputy CEO on Construction of ARKHBUM JSC, the 2nd and 3rd lines of the Ulyanovsk plant will include additional storages for raw materials and finished products - more than 20 thousand m2 in total, as well as new equipment - 4 converting lines, pre-feeders and palletizers for all lines, transport system, additional corrugator for 7-layer corrugated board production.
The total cost of the investment project of ARHBUM JSC for the construction of a new plant for the production of corrugated products is estimated at 4.7 billion rubles, 1.7 billion rubles of which is for equipment.
The annual capacity of the new production facility in Ulyanovsk will be 192 million m².
Arkhbum JSC is a subsidiary of Arkhangelsk PPM JSC (the only shareholder is Pulp Mill Holding).
The main business-line is the corrugated packaging.


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Toyota Motor Corporation has revealed a home battery storage system for Japan which will bring the fight to the popular Tesla Powerwall.
Called the O-Uchi Kyuden System, this Toyota home battery pack uses battery technology that’s based on that used in its hybrid, plug-in hybrid, hydrogen fuel-cell and battery-electric vehicles.
Japanese pre-orders for the Toyota home battery storage system have already begun, with sales expected to commence in August 2022. At this stage the product is expected to be for the Japanese market only.
The O-Uchi Kyuden System has a capacity of 8.7kWh and an output of 5.5kWh. It’s unclear what type of battery chemistry this system uses.
“This ensures safety and provides a supply of electricity to the entire home not just in normal situations, but even during power outages caused by natural disasters,” says Toyota.
This Toyota home battery pack’s overall capacity is smaller than the 13.5kWh Tesla Powerwall, though its output rate is almost identical.
It’s unclear if you can link these Toyota home battery packs up the same way you can stack Tesla Powerwalls. For context, you can stack up to 10 Powerwalls for added battery capacity.
Owners can also connect up a home solar panel system which can “supply the appropriate amount of electricity based on the customers needs throughout the day and night”.
The home battery pack also works as a bi-directional charger, which means that an EV can power your home in an emergency during power outages. This is rated at 100V AC.
This isn’t something Tesla offers with its Powerwall system, but other home battery systems offer bi-directional charging.
Owners can monitor what the Toyota O-Uchi Kyuden System is doing in real-time through a dedicated app that’s available on smartphones and tablets. For now it’s only available in Japanese.
The Toyota home battery pack system must be installed outside and can operate in temperatures ranging from -20°C to 45°C
Previously Mercedes-Benz manufactured home battery systems, but left the market in 2018 leaving dominant Tesla with one fewer rival to worry about.
In the world of automakers using its EV battery technologies for a second purpose, Nissan recently revealed it has launched a trial using repurposed Nissan Leaf batteries on a railway crossing in Japan.
Similar to the Toyota home battery pack, this is intended to be used in emergency events such as power outages and maintenance work.


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Automobiles has withdrawn its proposal for a merger with France's Groupe Renault, The Wall Street Journal reported Wednesday. In May, Fiat Chrysler was seeking "a potential 50/50 merger transaction" between the two companies.
"The Board of Fiat Chrysler Automobiles NV, meeting this evening under the chairmanship of John Elkann, has resolved to withdraw with immediate effect its merger proposal made to Groupe Renault," FCA said in a statement. "FCA expresses its sincere thanks to Groupe Renault, in particular to its chairman and its chief executive officer, and also to the alliance partners at Nissan Motor Company and Mitsubishi Motors Corporation, for their constructive engagement on all aspects of FCA's proposal."
The Wall Street Journal reports
-- Renault's alliance partner -- refused to support the merger deal. According to people familiar with the matter, Nissan representatives were doubtful about the Japanese automaker's commitment to the alliance should the merger take place.
The French government, which maintains a 15% stake in Renault, said it would not approve a merger unless Nissan would still commit to the alliance. Fiat Chrysler ultimately withdrew the merger proposal following the French government's request to further delay a vote on the merger -- the second one this week.
"It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully," FCA said in its statement.
"Groupe Renault expresses its disappointment not to have the opportunity to continue to pursue the proposal of FCA," the French automaker said in a statement Thursday. "We view the opportunity as timely, having compelling industrial logic and great financial merit, and which would result in a European-based global auto powerhouse."
Originally published June 5.
Update, June 5: Adds statement from Fiat Chrysler Automobiles; June 6: Adds statement from Groupe Renault.


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Bus company will not enforce wearing face masks after July 19
- Credit: Archant
Whippet says it will not enforce the wearing of face masks by passengers on its transport after covid restrictions are relaxed on Monday, so-called Freedom Day.
Instead, they will advise people to wear them as a precaution.
General manager at Whippet, Roger Birch, said: “For us, we take health and safety very seriously, but from Monday we are going to recommend passengers wear face masks, but it will be based on their personal decision.
"If someone doesn’t want to wear one, it’s fine and if someone does want to wear one, that’s fine too.
“We are going to recommend wearing one, but we are not going to enforce it.”
Stagecoach will also not be enforcing the wearing of masks on July 19.
The company Stagecoach, declined to comment, but cited a statement from (CPT) the Confederation of Passenger Transport UK, who are the industry for public transport.
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A CPT spokesperson said: "We expect that many people, especially in busy places, will follow the Prime Minister’s call to continue to wear a face covering as a courtesy to others.
“We now need to see clear guidance for operators and customers but, in the absence of regulations, it is important that we respect everyone’s right to choose whether to wear a face covering.
“The industry is doing everything it can to ensure people can travel with confidence."
The wearing of face masks on London’s transport network will remain mandatory.
London mayor, Sadiq Khan, said: “As long as the virus is still with us, and as long as we're still concerned about the virus being transmitted, we will make it compulsory."
Read here what Nik Johnson says about Facemasks
A spokesperson for the Rail Delivery Group said: “Rail companies will ask people to follow the Government guidance and, out of respect for others, wear face coverings if an indoor setting is busy.
"Train travel is low risk, with the majority of carriages well ventilated by air conditioning systems or by doors and windows. As restrictions lift, we will continue carrying out extra cleaning and providing better information about how busy services are, so that our passengers can travel with confidence.
"The rail industry's position is that it is not currently planning to make face coverings compulsory."


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roughly Elon Musk says his deal to purchase Twitter is on maintain will cowl the most recent and most present suggestion roughly the world. learn slowly correspondingly you comprehend competently and appropriately. will bump your data skillfully and reliably
Elon Musk stated he’s placing his bid to accumulate Twitter
(TWTR) on maintain, weeks after agreeing to take the corporate non-public in a $44 billion deal.
“Twitter deal quickly on maintain pending particulars supporting calculation that spam/faux accounts do certainly symbolize lower than 5% of customers,” Musk tweeted on Friday.
The information initially despatched Twitter shares down greater than 20% in pre-market buying and selling earlier than the inventory rebounded considerably. Two hours after his first tweet, Musk posted that he’s “nonetheless dedicated to acquisition.”
In his tweet about placing the deal on maintain, Musk linked to a Could 2 Reuters report about Twitter’s most up-to-date disclosure about its spam and faux account drawback.
In its quarterly monetary report, launched on April 28, Twitter estimated that faux or spam accounts made up fewer than 5% of the platform’s lively customers through the first three months of the yr. Twitter famous that the estimates have been primarily based on a assessment of pattern accounts and it believed the numbers to be “cheap.”
However it acknowledged that the measurements weren’t independently verified and the precise variety of faux or spam accounts could possibly be increased.
Twitter has had a spam drawback for years, and the corporate has beforehand acknowledged that decreasing faux and malicious accounts would play a key think about its skill to continue to grow. It’s unclear why Musk would again away from the deal due to the most recent disclosure.
Musk turned “this Twitter circus present right into a Friday the thirteenth horror present,” wrote tech analyst Dan Ives of Wedbush Securities in a be aware to purchasers early Friday.
Musk would owe Twitter a $1 billion breakup payment if he have been to cancel the deal.
“The Road will view this deal as 1) seemingly falling aside, 2) Musk negotiating for a decrease deal worth, or 3) Musk merely strolling away from the cope with a $1 billion breakup payment,” Ives wrote. “Many will view this as Musk utilizing this Twitter submitting/spam accounts as a option to get out of this deal in a vastly altering market.”
Shares — tech specifically — have been sharply decrease since Musk and Twitter reached a deal on a purchase order of the the corporate almost three weeks in the past.
The way by which Musk introduced the deal’s pause — in a tweet -— was additionally uncommon, a minimum of by regular company merger and acquisition requirements.
Acquirers of an organization usually conduct due diligence, a assessment of the agency’s funds and proprietary data, earlier than a deal closes. In that course of, they might come throughout data that causes them to rethink the deal or its valuation, however usually such a revelation can be disclosed in a submitting with the Securities and Change Fee.
“Often we’d see some form of submitting that might come first, an modification to earlier filings on the deal, that claims, ‘we’ve uncovered some data within the strategy of due diligence and we’re reconsidering our acquisition,’” stated Josh White, an assistant professor of finance at Vanderbilt College and a former monetary economist for the SEC.
“This occurs as you get entry to the books and entry to proprietary data. What doesn’t usually occur is a tweet,” White stated.
The weird transfer is probably not vital sufficient to warrant SEC motion, White stated, nevertheless it may draw the eye of Twitter’s legal professionals. As a part of the deal, Musk agreed to seek the advice of with Twitter earlier than making any public statements concerning the deal, and to keep away from making any tweets that “disparage the corporate,” in line with filings with the SEC. Nonetheless, Twitter’s board will seemingly desire the deal to undergo due to its sturdy valuation in comparison with the corporate’s present inventory worth.
But when the deal falls aside, “I might count on Twitter’s present shareholders to doubtlessly carry a lawsuit” saying Musk’s actions had broken them by tanking the inventory worth, White added.
Twitter didn’t instantly reply to a request for touch upon this story.
Whilst Musk has labored to safe financing for the takeover, skepticism about whether or not the deal would undergo has been swirling since Twitter’s board agreed to the provide on April 26.
Musk stated he would purchase Twitter for $54.20 a share. However Twitter’s inventory by no means approached that worth, hovering under $50 for weeks. That was an indication buyers have been skeptical that Musk would in the end make good on his provide.
Wall Road analysts weren’t satisfied of Musk’s skill to purchase Twitter, both — a minimum of not at $54.20 a share. The consensus goal worth was under $52, and the overwhelming majority put a “maintain” score on the corporate’s inventory.
A part of the issue has been Twitter’s connection to Tesla’s
(TSLA) destiny. Musk, Tesla’s
(TSLA) CEO, was planning to borrow towards a part of his Tesla stake to finance the deal, however Tesla’s
(TSLA) inventory has been sinking quick alongside most different shares this yr.
Musk’s sale of a big variety of Tesla shares to assist finance his Twitter deal had additionally put strain on the carmaker’s inventory. Having already dedicated a giant chunk of his Tesla shares elsewhere, he wasn’t left with a lot of a cushion ought to he must pony up extra funds to finish the Twitter takeover.
Ives stated the information concerning the Twitter deal was good for Tesla
(TSLA) shares, which roared 6% increased in premarket buying and selling Friday. Shares of Tesla
(TSLA), the world’s Most worthy automaker, have misplaced a couple of third of their worth since Musk disclosed he had taken a stake in Twitter.
Along with promoting $8.5 billion of his Tesla shares final month, or about 6% of his holdings, Musk was utilizing his shares of Tesla as a part of the collateral he wanted to boost money for the Twitter buy. However the drop within the worth of Tesla shares had raised doubts if he would be capable of transfer ahead with the financing of the Twitter deal.
Musk had supplied few particulars about his plans for the social media firm, although he has typically spoken out about bot accounts that promoted spam content material. He additionally says the corporate has been too fast to take away accounts that violate its content-moderation guidelines.
On Tuesday, Musk made headlines by saying he would enable former President Donald Trump to return to Twitter as soon as the takeover was full. Trump’s account was completely eliminated after his followers’ assault on the US Capitol on January 6, 2021.
Earlier this week Twitter confirmed that it’s pausing most hiring and backfills, aside from “enterprise important” roles, and pulling again on different non-labor prices. It additionally confirmed that two high executives, normal supervisor of shopper Kayvon Beykpour, and income product lead Bruce Falck, have been leaving the corporate.
On Thursday, the Wall Road Journal reported that the SEC and the Federal Commerce Fee have been each wanting Musk’s purchases of Twitter earlier this yr and whether or not he correctly disclosed them.
-— CNN Enterprise’ Clare Duffy and Allison Morrow contributed to this text.
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Today’s Wall Street Journal features an article [paid sub. req.] on the challenges Apple is facing from the $100 billion mobile phone industry.
Apple’s digital music lead “may not last much longer,” the article says, because cell phone makers and wireless carriers are “piling into mobile music, with an array of new services and phones that could radically change a game that until now has been defined largely by Apple.”
“Despite Apple’s domination of the digital music sector the market remains in its infancy. The balance of power could tip suddenly and dramatically, especially if Apple doesn’t race to get its music technology into cell phones — an effort that’s had some hiccups.
Last year, manufacturers sold an estimated seven million MP3 players in the U.S., a figure dwarfed by the roughly 80 million cell phones sold in the country.”
The article also cites a recent survey by Jupiter Research which showed that 76% of those asked said they carry a mobile phone regularly, while only 7% said the same about a music player.
Some analysts, however, believe consumers will still want devices designed for a specific purpose, and not an all-in-one gadget that does several things, but none of them great.


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The Ministry of Commerce and Industry (MCI) organised a workshop on Wednesday that brought together national authorities tasked with following up on the Greater Arab Free Trade Area (GAFTA).
The workshop was attended by member states’ representatives concerned with sanitary and phytosanitary (SPS) measures as well as technical barriers to trade (TBT).
The workshop, which was held at the MCI's building in Lusail City, was aimed at briefing national authorities on the importance of tackling SPS measures and TBT within the framework of any trade arrangement and their position at the World Trade Organisation.
The workshop also highlighted the importance of featuring these topics within the legislative framework of the GAFTA, including the legal and institutional aspects.
The workshop was also aimed at briefing authorities concerned across Qatar on the aspects of co-operation in terms of SPS measures and technical barriers to trade across the Arab region, in addition to familiarising participants with Qatar’s efforts and those of its various bodies in tackling SPS measures and TBT issues in addition to the country’s compliance with the WTO agreements.
The workshop also featured discussions on mechanisms to support the Arab League’s efforts in terms of addressing SPS measures and TBT in the Arab region as well as the sustainability of efforts to promote food safety in the Arab world.
“The workshop highlighted the important and pivotal role that Qatar plays in supporting GAFTA and enhancing intra-Arab trade,” MCI said in a statement.
The workshop also touched on a number of important topics such as the need to develop a legislative framework to tackle these issues across the region in line with WTO arrangements.
The workshop also discussed preferential bilateral or regional trade arrangements in addition to the national and regional accomplishments in this regard and future steps to move forward in this direction.
The Arab Economic Integration Department at the Arab League delivered a presentation on the legal foundations and progress of GAFTA negotiations.
The presentation touched on the historical background of GAFTA, key successes and constraints across the region, as well as proposals to develop GAFTA. The presentation also stressed the importance of integrating sanitary and phytosanitary measures as well as addressing technical barriers to trade across GAFTA, outlining upcoming steps in this regard and the future vision of integration measures.
The Qatar General Organisation for Standards and Metrology outlined its role in terms of joint Arab efforts towards the implementation of the GAFTA under the leadership of the Arab League as well as efforts to bridge the gap between the WTO and Arab countries when it comes to technical barriers to trade.
The Arab Team specialised in Food Safety in Qatar also delivered a presentation on the ongoing co-operation between authorities tasked with supervising food safety in Qatar and their role in terms of bridging the gap between Arab countries and the WTO when it comes to the system endorsed by the WTO concerning SPS measures and their impact on the Arab League’s efforts to implement GAFTA.
For their part, Members of the Arab Food Safety Initiative for Trade Facilitation, known as ‘SAFE’, an initiative that was implemented by UNIDO, delivered a presentation on co-operation between SAFE Initiative and the Arab League to strengthen efforts in the field of food safety in Qatar.
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Ottawa cam sex - meeting in person after online dating
Cannabis businesses here are watching trends in the U. and getting ready to sell the products that consumers want.
“Might as well stock up.” The store had traditional dried weed for sale in glass jars, but half the display cases were filled with cookies, gummy candies shaped like teddy bears, tea, cannabis concentrates and vape pens loaded with cannabis oil.
“Ever.” Jonathan Page, a scientist at the University of British Columbia who runs a lab that tests cannabis, speculates that cannabis-infused drinks may be allowed first.
People are used to making the distinction between alcoholic and non-alcoholic beverages, he says.
More detail will be unveiled in the regulations, which many in the industry expect to be restrictive.
“I don’t think we’ll see gummy bears in Canada,” says Trina Fraser, an Ottawa lawyer who specializes in cannabis businesses.
People used to the instant hint of smoking a joint, or who are trying edibles for the first time, can be caught by surprise.
Eating too much can cause severe anxiety, nausea, vomiting, and psychotic episodes.But Battley and others working to make the cannabis industry mainstream also realize the importance of government regulations.“I’m going to say something people in the industry probably aren’t going to be happy about, but I think edibles are probably the riskiest area of the cannabis industry,” says Michael Gorenstein, president of Cronos Group, which owns two medical cannabis growers.The federal government is taking a cautious approach.“Designing an appropriate regulatory system for cannabis edibles is a complex undertaking and there are unique potential health risks and harms that need to be carefully understood before the development and coming into place of these regulations,” according to a government statement.It’s a reflection of a broad shift among marijuana users away from smoking.


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Google announced today that it’s rolling out a new targeting option for Google Display Network advertisers. The new option, for Flexible Reach, will appear in Networks and Devices in the Settings tab in AdWords.
“Flexible reach enables you to fine-tune where your ads show by choosing your settings at the ad group level instead of the campaign level,” explains product manager Subha Subramanian. “This will give you more control over where your ads appear and who sees them.”
“Flexible reach allows you to select any combination of multiple targeting selections at the ad group level, plus the control to combine different methods for targeting and bidding at the ad group level,” says Subramanian. “It also provides transparency into how your targeting selections are affecting the reach and impression volume of your campaigns.”
The new targeting option will roll out in the next couple of weeks. It will replace the Broad and Specific reach options later in the year.
It’s worth noting that once you select Flexible Reach for a campaign, there’s no going back to Broad or Specific reach.


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Blake Lively was recently seen wearing a red bikini around the pool in a new photo. There are a lot of celebrities who are enjoying summer in their way while being around the pool or by the water.
Some come with a proper vacation while others are going with just a home party or having the company of friends and family. Some even decided to have a solo trip for the perfect day including some celebrities as well.
Talking about all these things then fashion is something that these celebrities decide never to leave at any cost even though it is just a casual thing.
The same recently happened with 35-year-old actress Blake Lively. The actress Blake was recently seen wearing a red bikini while having a new ad for her brand. It is a new beverage ad that the actress is going through and that’s the reason why she uploaded a few pictures on her Instagram.
In these pictures, she was looking beautiful in a red bikini while going with her red hair. Going with the caption then she decided to tag the brand.
Blake Lively Was Seen In Bikini Looks While Promoting Her Beverage Brand!
Blake Lively’s hair was tied back. Her bright smile was definitely matching with her red lips. Coming to the different photos then she was looking pretty in all while going with the full bikini and having a top that was matching with it. She was also seen wearing two pieces and promoting her brand.
As soon as the picture came in front, a lot of fans started reacting to it. Some of the fans appreciated the look of the actress while others appreciated her brand. Some decided to focus on her body while others decided to focus on the weather which was definitely giving us an amazing vibe.
It is not the first time when the actress decided to promote her brand on her social media account. It was a few days back when Blake Lively came in front and showed the natural process of making her beverages. She also revealed different flavors of beverages and tried herself.
During this process, the actress also revealed her personal life while calling the job of a mother quite tiring as she is the mother of four children. The actress right now living a very happy life with her husband Ryan Reynolds and all her children.


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A recent online trend involving the consumption of raw meat dishes, combined with cultural practices, has increased the risk of Streptococcus suis infections in Thailand. Health officials have expressed concern, as eight fatalities and a total of 163 cases of meningitis have been reported since January 1.
The popularity of raw food and alcohol consumption has spiked due to social media influencers and platforms like YouTube and TikTok. The imitation of this trend has led to a surge in cases of potentially fatal infection. Nakhon Ratchasima is one of the provinces hit hardest by the outbreak, with 31 cases reported and one death.
The majority of cases were found in individuals working in agriculture, followed by day labourers and sales staff. Consumption of raw or undercooked pork, including dishes like raw meat larb or larb with blood, has contributed to the increased risk of infection with the Streptococcus suis bacterium that is present in the respiratory tract and blood of infected pigs.
The infection can spread through contact with open wounds or abrasions, the conjunctiva of the eye, and consumption of contaminated food. Symptoms include high fever, headache, chills, confusion, joint pain, muscle stiffness, hearing loss or sudden hearing impairment, and others. The bacterium can also cause respiratory distress, rapid heartbeat, low blood pressure, and a widespread skin rash.
Health officials urge the public to be cautious when handling food and to consume only fully cooked pork and properly prepared blood, heated to at least 70°C. When eating barbecue dishes, separate utensils should be used for raw and cooked meat. Adhering to the principles of “cooked, hot, and clean” and avoiding raw pork along with alcohol consumption are recommended. Consumers should buy pork only from reputable sources and avoid unknown origins.
Those who handle pigs, slaughterhouse workers, butchers, animal health officials, and veterinarians should wear rubber boots, gloves, and proper protective clothing. Any wounds should be covered securely, and hands should be washed after contact with pigs.
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July 4 sees the premiere of the first TV advertisement for the newly launched Stella Artois Cidre from AB InBev UK. The advert for the new premium-crafted Stella Artois Cidre will drive further brand awareness, building on the recent outdoor advertising, reinforcing with consumers the product’s core message, “C’est Cidre, Not Cider. From Stella Artois.”
Set with the familiar Stella Artois backdrop of retro style, the 60 second advert opens with “Le President” of Stella Artois hurriedly walking with his team of aides through a hallway. Le President enters his personal studio ready to address the nation with a very important announcement.
Dressed in a classic navy suit, Le President settles down at his news desk to read a specially prepared statement live on air – all delivered with the familiar Stella Artois style of sophistication and intelligent wit.
“Good evening, Mesdames et Messieurs. It has come to my attention that there is word on the street. That Stella Artois is about to launch a cider. Non. Non. Non. Non. Non.
Stella Artois is launching a Cidre. Not Cider. For gentlemen and women who can appreciate a sophisticated drink. Made with apples on the continent…”
Keeping in line with the retro 60’s theme, a hand held faux set tree slowly slides from the top of the set to allow Le President to pick an apple from a branch. A beautiful brunette assistant enters the news set to pass Le President a tray with the new Stella Artois Cidre and bespoke chalice so he can raise a toast to the nation.
As Le President relaxes and gets more comfortable in this special tête at tête with the nation, he proceeds to pour himself a Cidre, chilled and over ice. The advert concludes with Le President walking around to the front of his desk and perching on the end to enjoy his perfectly crisp and refreshing, chilled Stella Artois Cidre – reminding the nation to remember “C’est Cider, Not Cider. From Stella Artois.”
The new advert for Stella Artois Cidre will be broadcast nationally from July 4 for six weeks during the peak summer period. It follows in the footsteps of the hugely successful ‘Triple Train’ (Stella Artois 4%) and ‘Apartomatic’ (Stella Artois 5%) adverts from Stella Artois, and is expected to be a hit with viewers and fans of Stella Artois, familiar with the sophistication and intelligent wit associated with the brand.
James Watson, Marketing Director, Stella Artois Western Europe, says, “Since the April launch of Stella Artois Cidre we have received a fantastic response and this is another demonstration of our commitment to innovation and investment to the brand. Following on from the recent outdoor campaign reinforcing the message ‘C’est Cidre, Not Cider’, we hope the new ‘Le President’ TV ad will amuse and engage our discerning consumers, whilst driving continued success for Stella Artois across the On and Off Trade.”
Drawing on more than 600 years of brewing tradition and famous for delivering a premium and unique Belgian taste experience, Stella Artois is uniquely positioned to launch the refreshingly different Stella Artois Cidre, which reflects the brand’s premium nature, quality, craft and heritage.
- Stella Artois Cidre is crisp and refreshing, with an ABV of 4.5%
- Advert created by Mother
For further information contact:
Rachel.email@example.com +44 (0) 20 7395 7127
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We’ve got the most important insights into the Millennial world from what made headlines this week. Don’t miss it!
1. Weddings May Be Breaking the Bank
Our infographic snapshot gave you an inside look into how Millennials feel about weddings, showing that 6 in 10 think they have become too big, too expensive, and too much work to plan. On the flipside, don’t miss Millennials sounding off on how weddings have become too expensive for guests. The average spending for guests has increased 75% within the past two years, and further data from our biweekly survey shows that gift buying amounts to just over $100 on average, with most preferring to give or receive cash.
2. Spotlight on YouTube Heartthrobs
In our Teen Mag Roundup, young male musicians flooded the list of who are the hottest among teens in entertainment right now, so we don’t want you to miss a feature on other young males in teen media, dubbed “The YouTube Boyband.” The guys—Alfie Deyes, Marcus Butler, Jim Chapman, Caspar Lee, and Joe Sugg—have popped up on our radar before, each having between 1.5 and 2.5 million followers. They are best friends online and as well as in real life, forming what we consider to be a high-powered Millennial media clique by making regular appearances in each others videos.
3. Trends Going Abroad and Back
Millennials are the most globally minded generation to date, and our post on trends around the world made note of how movements like craft beer are impacting young adults in unexpected locales. Don’t miss other trends spreading internationally like beauty blogging in Norway, detailed by YouTuber SaraBeautyCorner whose fan base is actually 49% from the U.S. While blogging can easily reach a global audience online, the more quirky idea of putting friendly felines into cafes has been spreading stateside straight from Japan. Cat cafés have already opened in San Francisco and Oakland, and a recent attempt to open a cat café in L.A. made headlines.
4. Prom Drama (& Not the Kind You Think)
We explored the most buzzed about prom trends to be aware of this year, and though drama can take hold with high school students, the drama we’re referring to is all about fashion. Don’t miss the top style trends for dresses this season, including open and dramatically low backs, short hemlines, and bold monochromatic colors. Nasty Gal’s affordable “anti-prom” line takes it to the extreme, and though these looks might not pass school dress codes, it’s clear that the fashionable way to celebrate prom is with glamour-driven looks that focus on one high drama element.
5. Links We’re Passing
Though Dove is a brand that Millennials feel they can trust, they aren’t safe from being parodied. Dove’s latest viral campaign “Dove: Patches” has received over 20 million views on YouTube, but don’t miss the parody video that turns the journey to find inner beauty into a backhanded compliment. Also a must-see is the “No brand is your friend” presentation on Slideshare, displaying honest opinions about how this generation feels about brand engagement.


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IHE Pharmacy (PHARM) addresses data sharing, workflow and affected person care in both community and hospital pharmacies. Similar-store gross sales have been down by 1.2% at Walgreens in the newest quarter, while at CVS, which is in the midst of a merger with Aetna, identical-store gross sales were up by 1.6% Rite Aid noticed similar-store sales lower by zero.7% in its most up-to-date quarter. Lidl and Aldi focus virtually completely on bare-bones shops with non-public-label meals. Walgreens Boots Alliance and the companies generic viagra without subscription
through which it has fairness methodology investments collectively have a presence in additional than 25 international locations and employ greater than 415,000 people. CVS Pharmacy has made the troublesome enterprise choice to close our store at 2525 North Mesa,” an organization spokesman, Mike DeAngelis, responded in an e-mail after El Paso Inc.'s inquiry final week. With shops opening as early as 5 p.m. on Thursday, festive dinners are being overshadowed by shopping frenzies.


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Horizon Distributors, Inc. announced it has become a distributor of Rain Bird turf irrigation products and Jacobsen turf maintenance equipment in both Florida and the Caribbean islands. Additionally, Horizon is now a distributor of Rain Bird Golf and Rain Bird International irrigation products throughout the Caribbean.
The Jacobsen and Rain Bird distributor partnerships are the result of Horizon’s expansion into Florida and the Caribbean earlier this year, part of the company’s continued growth plans.
Although the Horizon name may be new to many landscape professionals in the Southeast, the company is a well-established and respected industry supplier across America’s greater Sun Belt, from the Pacific Northwest through California, Nevada and Arizona to Texas and now Florida and the Caribbean.
Now with over 60 locations in 10 states, Horizon has earned a reputation among its thousands of customers for quality materials and dependable service.


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Exuding confidence that the economy would grow between 6 to 7 per cent this fiscal, the government on Saturday said care will have to be taken while withdrawing the stimulus package given to spur demand.
While an early exit from stimulus measures may hamper nascent economic recovery, keeping these in place for long may overheat the economy, Finance Minister Pranab Mukherjee told reporters on the sidelines of a function here.
“It is prudent to remember that despite the initial successes, risks remain,” he said.
Policy makers would have to tread carefully and balance the risks of withdrawing policy support too early, which might cut short a nascent recovery, against the risks of leaving expansionary policies in place for too long that could overheat the economy, he said.
Overheating happens when demand in the economy exceeds supply, leading to a host of problems, including inflation and asset bubbles. Stimulus measures are meant to generate demand in the economy, hit by the global economic downturn.
Mr. Mukherjee also said economic growth is expected to be in the range of 6 to 7 per cent during 2009-10, despite the setbacks due to a delayed monsoon and floods.
The finance minister’s remarks came two days ahead of second quarter release of GDP data on Monday. The Indian economy grew by 6.1 per cent in the first quarter, from 5.8 per cent in the preceding two quarters, which he called as start of the recovery.


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While Honda, Toyota and Mitsubishi displayed futuristic concepts in their areas, there was nothing of that sort going on around the German manufacturers. Perhaps unwittingly playing to the national stereotype, the Germans decided to approach PIMS 2014 firmly from the present, eschewing fanciful concepts in favour of fully-loaded versions of their showroom offerings. Here we take a look at Volkswagen, Mercedes-Benz and BMW.
(Warning, slightly long read ahead.)
We’ll start with Volkswagen, since they had the most people milling about. Continue reading →
While many Volkswagens lined the parade grounds, I was also a little surprised – although in retrospect this should have been expected – to find that there were also Volkswagens up on one side of the grandstands.
When it was conceptualised, the KdF-Wagen – now better known as the Beetle – was set to sell for 990 Reich Marks. While this was little more than what a motorcycle sold for in those days, it was still pretty serious change for the average German wage-earner. To further complicate matters, one could not simply hand over 990 Reich Marks and drive away with a new KdF-Wagen. One was required to join a savings scheme involving stamps run by Kraft durch Freude, the Nazi leisure/propaganda organisation from which the car took its name. Still, with the new Autobahns beckoning, people signed up for the scheme, eagerly awaiting for the day they could take their shiny new KdF-Wagen home.
It was a simple enough idea: a car that was cheap to buy and operate and could carry a family of five across Germany’s new roadways. The idea was promoted by a man named Adolf Hitler; he was eager to get the people of Germany moving, apparently inspired by the exploits of Henry Ford. The task of engineering the new “people’s car” went to an engineer by the name of Ferdinand Porsche, while naming the car fell to Adolf. Thus came the “Volkswagen”, literally translated to “people’s car”.
We last cut off our TSS 2014 coverage of a European group of cars with the Michel Seven, which takes its inspiration from the classic Lotus Seven of 1953. Today we start with the last two cars in that group.
In the last installment of our TransSport 2014 coverage, we ended with a couple of exciting prototypes from Factor Aurelio, as they set out on a journey to build the first all-Filipino supercar. Today we start off with an American automotive institution: the Ford Mustang, and there were a lot of them at TransSport 2014.
In part one of our MIAS 2014 coverage, we went through the opulent minimalism of Rolls-Royce’s exhibit, the extravagant fiesta that is the Ford area, and the surprisingly simple Tire Guard. Now we’ll go through the two other big exhibitors at the show.


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Tata Motors Ltd. reported third-quarter consolidated net profit of ₹2,957.71 crore compared with a loss of ₹1,516.14 crore in the year-earlier period. The company attributed the profit to increasing demand for all its products including those of Jaguar Land Rover (JLR).
The company reported profit for the first time in two years, in the most recently ended quarter.
Total revenue from operations rose 22.5% to ₹88,488.59 crore.
JLR achieved positive free cash flow and profitability as supplies improved. Revenues were £6.0 billion, up 28% vs. Q3 FY22 and up 15% sequentially reflecting better supplies, strong model mix and pricing, Tata Motors said in a filing.
Profit before tax in the quarter was £265 million, up from a loss of £9 million a year earlier.
“The higher profitability reflects increased wholesale volumes with favourable mix, pricing and foreign exchange offset partially by higher inflation and supplier claims largely related to constrained volumes. Free cash flow was £490 million in Q3 FY22,” the company said.
Tata Commercial Vehicles revenue climbed 22.5% to ₹16,900 crore.
Tata Passenger Vehicles (Tata PV) revenue jumped 37% to ₹11,700 crore, reflecting higher volumes and realisations. Both these business reported profit.
On the outlook, P. Balaji, CFO, Tata Motors Group, said, “We remain cautiously optimistic on the demand situation despite global uncertainties. We will remain vigilant on demand and our continued focus on profitable growth; improving semiconductor supplies and stable commodity prices will aid revenue growth, margin improvement and positive cash delivery in Q4.”
Shailesh Chandra, Managing Director, Tata PV and Tata Passenger Electric Mobility, said, “Q3 FY23 was one of the best quarters for the PV industry with strong retails from new launches, robust festive demand, and adequate supply of vehicles.”
Girish Wagh, executive director Tata Motors Ltd. said: “In Q3 FY23, the CV industry witnessed a steady, overall demand. Our focus on creating ‘’demand pull’ from customers and sustained emphasis on retail in Q3 FY23 resulted in retail sales surpassing wholesale by 6.3%, thereby enabling reduction in inventory as we transition towards BS VI phase-2 norms.”
Adrian Mardell, Jaguar Land Rover’s interim chief executive officer, said, “JLR has returned to profit as chip shortages eased in the quarter and production and wholesales increased. These improved results are testament to the hard work and dedication of our people across the business who have delivered a further increase in production of our New Range Rover and Range Rover Sport models.”
Mitul Shah, Head of Research at Reliance Securities said “Tata Motors has reported profit after 7 quarters”


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Measuring the risk of slavery in today's economy
A new report from the risk management firm Verisk Maplecroft issues a stark warning to businesses -- and consumers -- across the globe: slavery is rife in nearly 60% of countries around the world.
This report garnered substantial media attention this week for its assertion that nearly 46 million people worldwide are living as slaves, and that this problem is not limited countries with underdeveloped markets and struggling legal systems.
Further, while precise estimates of the number of slaves differ, there is broad agreement that there are more slaves today than any time in human history. In fact, according to a 2012 article in the Atlantic, over the entire 350 years of the African slave trade, a total of 13.5 million were taken from Africa to be slaves; that's less than one-third of the current number.
While the report notes that most multinational companies have robust systems in place to guard against slavery among their top suppliers, there is more risk further down the value chain. Some other key findings include:
- With the exception of the US and EU, the world’s top 12 garment exporters, including China (ranked 23rd highest risk), India (15th) and Pakistan (9th) are rated ‘high’ or ‘extreme risk’
- Over 80% of sub-Saharan African countries feature in the two highest risk categories, including Kenya and Nigeria, two of the region’s three largest economies
Groups that we are particularly interested in, such as small farm operations, are not immune -- cocoa producers are also considered to have a heightened risk, for instance. An economic system built on mutually beneficial relationships has no place for slavery, so this is a risk that should be closely watched.
Image source: Verisk Maplesoft
-- Jay Jakub


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Google appears to be building its very own Android tablet, one designed to compete at the high end of slate spectrum.
Just when we thought the $99 Hewlett-Packard TouchPad was gone forever, the tablet that refuses to die is coming back for one last sale, according to online reports. A limited quantity of refurbished TouchPads will reportedly go on sale at HP's eBay ...
The future of webOS has been hazy since HP announced in August that it will discontinue its webOS line of devices. The HP Veer 4G faded into oblivion, but the HP TouchPad has enjoyed numerous fire sales since the announcement. Today, HP announced tha...
The Novo7, a 7-inch tablet available in China that runs Ice Cream Sandwich, is set to arrive in the United States in the coming months with an expected price of $99.
Amazon's Kindle Fire "offers a disappointingly poor user experience," according to an expert on usability.
The Asus Transformer Prime, the world’s first quad-core tablet, is getting praise from reviewers, who say it might be the best Android tablet yet.
According to a report from Forrester Research, consumer desire to purchase Windows 8 tablets has suffered a massive decrease, slumping from 46 percent in the first quarter of the year to a mediocre 25 percent six months later.
During the first 10 months of this year, 1.2 million tablet computers were sold in the US and none of them were iPads.
In the five months since Asus announced the Asus Padfone, few details have been revealed about this Android smartphone that can turn into a tablet.
Nokia plans to launch an iPad competitor based on Microsoft's Windows 8 operating system next year, the company's French division manager let slip in an interview with newspaper Les Echos.
Gadget gurus have been testing out Amazon's Kindle Fire media tablet ahead of the device's Tuesday ship date and the consensus is that it's a solid alternative to the iPad for some environments.
It may be the end of the line for Adobe's mobile Flash Player, but the question now is will anyone care if and when it's gone?
A new Apple patent reveals the company is looking into ways to integrate more gesturing into the iPad and other devices, a la Tom Cruise's holographic glove-controlled system in Minority Report.
Tablets rocking Android increased shipment volume by 27 percent in the third quarter over the same period last year, according to a report last week by Strategy Analytics. However, while <a href="http://www.pcworld.com/article/242360/report_apples_ip...
Mango, Android and tablet could be the big buzzwords at the upcoming CTIA Enterprise & Applications event in San Diego.
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Rita Ora — as well known for her style as for her music — has confirmed she would like to create her own fashion line.
(20 days ago)
Who better than a pop star to help us find the best, most cutting-edge bargains at Bicester's new discounted designer popup boutique?Rita Ora isn't quite the kind of celebrity you expect to find at Bicester Village. Middletons shopping for cashmere are two a penny; but shouty pop upstarts wearing Roksanda Ilincic with matching lipstick, and buying up Henry Holland neon...
(20 days ago)
Rita Ora is a woman who knows what she wants, particularly when it comes to fashion. To score the stunning scarlet gown she wore to the 2012 MTV Europe Music Awards, the singer didn't beat around the bush.
(1 month and 5 days ago)
She recently said she took 'wifey' Cara Delevingne off the market - but singer Rita Ora was left partying without her pal in London on Saturday.
(3 months and 5 days ago)
Rita Ora might have been a serious distraction on Monday when she arrived early at the Burberry show to find her place on the front row to watch the fashion on the catwalk. The entertainer was one of several...
(3 months and 4 days ago)
Catwalk queen Cara Delevingne has not only emerged as fashion's new It Girl, but also as Hollywood stars' best gal pal! From bestie Rita Ora to Miley Cyrus, the...
(6 days ago)
She's known for her quirky style but Rita Ora stepped up her game in a wacky pom pom dress while performing at Tokyo Fashion Week. The singer hit the stage decked out in a blue mod dress with large fluffy pom poms that looked like little creatures. Despite the odd look, Ora was able to show off her toned legs which were adorned by black gladiator heels. Th 22-year-old...
(2 months and 4 days ago)
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More Showbiz news »


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Love them or loathe them, the Manchester Christmas Markets have always been a highlight of the city's busy year of events.
But sadly, the annual festivities have been called off this year due to the ongoing coronavirus pandemic.
The Christmas Markets usually attract tens of thousands of visitors to the city, as well as pulling Greater Manchester locals into the centre.
People flock in for gluhwein served in limited-edition mugs, huge bratwurst cooked on a swing grill, handmade gifts, confectionery, garlic potatoes and all sorts of festive fun.
We want to know what your Christmas Markets highlights have been over the years - and what you'll miss most about them this year. Let us know in the comments below.
Click through the gallery below to see highlights from last year's opening day
As well as traditional Bavarian food, there has always been a good showing of local operators too.
Northern Soul pitch up with their signature grilled cheese sandwiches, Yard & Coop with buttermilk-fried chicken in a cone (festive), Porky Pigs with their iconic Yorkshire pudding wrap, and Elsie May's with loaded hot cookie dough.
Here's our review of all last year's new food traders to jog your memory.
The markets historically have always centred at Albert Square, with a giant Santa sitting in front of the town hall and a two-storey bar serving wine and German beers.
Last year, thanks to the ongoing renovation of the town hall, the markets spread out to Piccadilly Gardens for the first time and welcomed a new Santa Clause (he'll still be back this year despite the markets being called off).
Don't forget to leave your favourite Christmas Markets moments in the comments below.


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Netflix has its biggest subscriber stumble since the DVD-by-mail era
Netflix Inc. shocked investors Wednesday by reporting a drop in U.S. subscribers and much slower growth overseas, a sign the streaming giant is losing momentum just as competitors prepare to pounce.
The shares plunged as much as 13% to $314 in after-hours trading after Netflix reported the loss of 130,000 customers in the United States — the result of higher prices and a weak slate of TV shows. It signed up 2.8 million subscribers internationally in the period, roughly half what the company predicted.
“Netflix has a difficult road ahead, with looming competition and the removal of popular content,” EMarketer Inc. analyst Eric Haggstrom said. But a stronger lineup of new shows in the current quarter could help attract former subscribers, he said.
The quarter represents the biggest black eye for Netflix since 2011, when the company split its DVD-by-mail business from its streaming business. That move raised prices for its customers and resulted in more than 800,000 defections in the United States. The company had planned to call the DVD service Qwikster, but it backpedaled on the plan after investors and customers scoffed at the idea.
Netflix gave a much more upbeat view of the current quarter. The company forecasts 7 million new sign-ups in the period, as several top shows — such as “Stranger Things” and “Orange Is the New Black” — return with new seasons.
For now, the second-quarter shortfall is renewing investor concern about the company’s heavy spending on shows and low profitability. The loss of customers in the United States was the first since the Qwikster debacle, and suggests Netflix may be running into price resistance or the limits of the addressable domestic market.
It has forecast that it can grow to as many as 90 million customers in the United States, compared with 60.1 million currently.
Analysts expect the company to have a blockbuster second half because of a heavy release schedule. Even after the slowdown last quarter, Netflix still expects to have its best year of customer growth in 2019.
But competition is coming. Walt Disney Co. and Apple Inc. plan to introduce streaming services this year, and offerings from Comcast Corp. and AT&T Inc. are slated to arrive in 2020. Netflix has said these rivals won’t eat into its customer base, but competitors plan to take back rights to some of the service’s most popular programs.
International results flagged too, with the company missing its own subscriber-growth forecast of 4.7 million. It expects to tack on an additional 6.2 million in the current quarter, along with a more modest 800,000 in the United States.
Earnings for the second quarter fell to 60 cents a share but beat analysts’ estimates of 56 cents. Sales grew 26% to $4.92 billion, compared with projections of $4.93 billion.
The stock was up 35% for the year at the close of regular trading, nearly double the gain of the benchmark Standard & Poor’s 500 index.
The disappointment over Netflix’s report spread to related stocks such as Roku Inc., which makes set-top boxes that deliver the streaming service. Its shares fell as much as 3.6% after hours.


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Depending on who you ask, showrooming either stokes a sense of foreboding or presents another opportunity to tap into a consumer’s shopping journey.
Last year seemed like a turning point for the retail industry where, rather than fear the arguably negative impact on brick and mortar sales that smartphones brought, brands were researching ways to tap into consumers’ mobile phones in store.
So how prevalent is showrooming in 2014? Research undertaken for VoucherCodes.co.uk by retail intelligence business, IMRG, in January this year found that there is still only a small minority who indulge in this particular path to a purchase, 13% of UK shoppers to be exact.
Females alluded to being slightly more budget conscious when they were surveyed for the Digital Promotions in A Physical World report, with 14% being actively involved in showrooming compared to only 10% of men.
Many of the age ranges involved had similar feelings towards showrooming, ranging from 19% of 35-44 year olds to 8% of the over 55s who admitted they liked to have a dabble.
Interestingly, IRMG discovered that 51% of the entire dataset said they researched online before shopping in the high street. What’s more, a significant volume of this research is leading to immediate in-store retail purchases.
The report states how 16% of those aged between 18 and 24 are making a purchase at a brick and mortar store after researching items on their mobile. As the age brackets increases, the percentage tails off.
A warm embrace
These insights show that campaigns targeting showrooming are effective on the younger generation. Indeed, according to Marina McKeever, senior sales director at VoucherCodes.co.uk, consumers are coming to expect a certain amount of cross-channel targeting.
“Mobile is essentially enabling brands to stay in contact and cross promote to customers in a more meaningful way than ever before,” McKeever said.
“The upshot for retailers is that consumers now expect a coherent and consistent brand experience across all channels, so brands need to make sure they are delivering a seamless customer journey if they are hoping to convert showroomers into in-store shoppers.”
As if to confirm how showrooming is on the cusp of being embraced, half of respondents falling into the ABC1 demographic of middle class consumers felt that online offers better choice, but 69% also revealed they enjoy taking their product home with them.


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ANDREW Broomhead, who began his career in the motor trade as an apprentice, is the new boss of Wilmslow-based Jaguar dealers Royles.
He has taken over as managing director of the independent dealership, after 25 years in the trade, virtually all of it with Royles.
He began at the firm aged 16, progressing through the ranks to become sales executive, sales manager and since 1995, general manager.
His father, Peter, is chairman of the family run business and Andrew believes the traditional personal service ethos of the family firm combined with the modern management practices and superior technological advances is behind the success of the luxury-car business which has showrooms in Wilmslow and Prestbury.
During his time as general manager the number of employees has doubled, car sales have gone up and turnover has increased. "The success of Royles Jaguar franchise results from continued personal involvement, and a hands-on management approach," he says.


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Supermodel Naomi Campbell returns to Ghana
British supermodel, Naomi Campbell has once again been spotted in Ghana as she attended first Africa’s Business Heroes Netpreneur Summit held on Saturday at the Accra International Conference Center.
Naomi Eliane Campbell is noted for making silent appearances in the country. She made her second visit to Ghana in January this year as part of The of Return which has seen several African diasporans visit Ghana. They include Anthony Anderson, Boris Kodjoe, Idris Elba, Kofi Kingston, Adrienne-Joi Johnson, and Steve Harvey.
In a photograph and post announcing her visit, the supermodel was flanked by Ghana’s President, Akufo-Addo and the founder of Alibaba Group, Jack Ma. These personalities among others converged at the Africa Netpreneur Summit which seeks to push the culture of entrepreneurship in the African continent.
Naomi Campbell was gracefully clothed in an African print designed by one of Ghana’s female talented designer, Pistis.
View this post on Instagram
What an honor to speak and be part of the 1st Africa Netpreneur Summit and be apart of Africa Netpreneur Prize @africanetpreneur In Ghana here along side President @nakufoaddo and Jack Ma @jackmafoundation @alibaba.group . This is such a great platform for young Entrepreneurs on the Great continent of Africa. View the top ten finalists at the Link In Bio. #PROUD #GHANA #NAOMIAFRICA ♥🇬🇭 dress by @pistisgh 📸@intiak_photograpy
She also made it a point to visit fashion students at the Radford University where in Accra.
Naomi Campbell’s name will forever be in the history books for her remarkable accomplishments. She took off as a model at an early age of 15 and rose to become the first black woman on the cover of French Vogue at 18, plus the first black model on the cover of Time.
According to Celebrity Net Worth, Naomi Campbell’s net worth is estimated to be $60 million.


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Eleven years ago, Amy Jo Gladstone tapped a gold mine when she began producing small quantities of high-end footwear. She quickly built a reputation for her ultra-plush spa slippers and slides featuring various dog breeds in needlepoint. Later came a leather driving moccasin retailing for $260 and mink slippers for $300.
And then came an expensive lesson: There were only so many customers willing to pony up hundreds of dollars for footwear few wear farther than the mailbox.
As the economy weakened in 2002, the flow of orders from buyers at the likes of Neiman Marcus and Bergdorf Goodman into Ms. Gladstone's eponymous footwear company in the Hunts Point section of the Bronx began to slow.
"I could see where the market was going," she says.
Stopping sales slide
As sales plummeted by a third, to just over $1 million, the boss decided the time had come for a radical makeover.
"I was pushing the slipper market up and up and up," Ms. Gladstone says. "I was going over the top in terms of price."
Instead of going further upmarket, she went down, fast. Last year, she began selling slippers that are still stylish, although they are no longer cobbled together by hand. She also broadened her market by designing shoes--including sandals and loafers--that can be worn indoors or out.
"Pressure for change comes all the time, from the market or from the competition, and a company has to be ready to adapt," says Clarence Stanley, director of the Small Business Development Center at Lehman College in the Bronx. "If it has a really good product, it doesn't abandon their niche entirely, it just needs to broaden it."
That approach seems to be paying off for Ms. Gladstone. She quickly picked up orders via QVC for her new $21.75 flip-flops and $49 patent-leather driving moccasins. More recently, such midpriced offerings have drawn orders from mainstream department stores, including Marshall Field and Lord & Taylor. In the process, sales volumes have bounced back to an annual rate of 50,000 pairs, from a low of 20,000 pairs in recent years.
Revenues, meanwhile, are expected to exceed $1.5 million this year.
That turnaround required some fancy footwork, however. Rather than risk kissing off her high-end business entirely by introducing lower-priced, lower-quality goods, Ms. Gladstone cloned herself. She launched different brands to appeal to different market segments. The new shoes, priced from $20 to $70 retail, are being sold under two new labels, Amy Jo Lifestyle for the midmarket products, and Amy for the lowest-priced pairs.
In addition, the company still makes the original "pink label" Amy Jo Gladstone line for specialty shops and high-end department stores. Even with that line, there have been changes, with prices now topping out at around $210 and sinking as low as $60.
To go so low, Ms. Gladstone had to reach far beyond her own facility in the Bronx and her few old-line suppliers in France. She has followed the well-worn path to the door of Chinese manufacturers, which now supply more than half of her product volume.
Because she still produces some high-end goods, such as her black-velvet slippers with custom monograms at $110, she has only had to cut three workers from her Bronx payroll.


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Business output and new orders in the East Midlands picked up last month according to new figures.
However a NatWest survey of industry leaders suggested the cost of materials and services continued to rise and business confidence had dropped to a nine-month low.
The headline NatWest East Midlands Business Activity Index signalled a modest expansion in business activity across the East Midlands private sector in October.
The upturn in output was attributed to greater new order inflows and stronger demand.
However, the rate of growth was slower than the UK average despite being slightly better than previous months.
October data signalled broadly upbeat expectations regarding the outlook for output over the coming year among East Midlands private sector firms.
NatWest said that optimism was often linked to hopes of a pick-up in client demand and an end to Covid-19 uncertainty.
That said, the degree of confidence dropped to the lowest since January as firms noted concerns regarding supply chain issues and material shortages.
Bosses in the East Midlands signalled a strong expansion in workforce numbers at the start of the fourth quarter.
Where an increase in staffing numbers was recorded, firms linked this to faster new order growth and greater business requirements.
The rate of job creation was the fastest for four months but was among the slowest of the 12 monitored UK areas.
The level of outstanding business across the East Midlands private sector rose steeply in October, with the rate of expansion reaching a fresh series record.
The pace of increase was quicker than that seen across the UK as a whole. Companies stated that backlogs of work were driven up by solid sales growth and severe supply chain disruption which exacerbated pressure on capacity further.
NatWest said: “Companies in the East Midlands registered the fastest increase in cost burdens since data collection began in January 1997 at the start of the fourth quarter.
“The rise in input prices was commonly attributed to severe raw material shortages, higher transportation surcharges and increased wage bills. The rate of cost inflation was quicker than the UK average.
“In line with the trend for input costs, East Midlands private sector firms indicated the steepest rise in output charges in the series history.
“The increase in output prices was also faster than that seen across the UK as a whole. Anecdotal evidence suggested the uptick in charges was due to the pass-through of higher costs to clients.”
John Maude, from the NatWest Midlands & East Regional Board, said: “October data signalled a stronger upturn in business activity across the East Midlands private sector, as greater client demand spurred a faster rise in new orders.
“Pressure on capacity led firms to expand their workforce numbers at a sharper pace, however ongoing material shortages resulted in a continuous record rise in backlogs of work.
“Severe supplier delays and uncertainty regarding rising Covid-19 cases hampered business confidence, which dipped to the lowest since January.
"At the same time, supply chain disruptions and labour shortages pushed up cost burdens to the greatest extent in almost 25 years of data collection.
“Firms were able to partially pass-through higher costs to clients, as charges rose at the sharpest pace on record."


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NPD: US Spent $15.39 Billion on Gaming in 2013
After two years of declines, the gaming industry went back on the upswing in 2013, according to market research firm NPD Group, with more than $15.39 billion spent on hardware and software in the US.
The results are published in NPD’s new report, Games Market Dynamics: US. Of particular note in the research: US gamers spent $7.22 billion on digital content in 2013, including full games, add-ons, subscriptions, mobile and social. That was significantly more than the total spend on new physical content, which topped $6.34 billion.
“Growth in digitally distributed content is vital to overall industry health,” NPD analyst Liam Callahan said in a statement. “Since this is such a topic of high interest to the industry, we recently conducted additional in-depth research into consumer behavior with regard to digital content acquisition, and found that 36 percent of the US population ages 13 and older was playing games acquired digitally, with incidence highest among teens and young adults. Interestingly, however, there is no particular point after age 25 where incidence declines significantly.”
It appears 2013 will go down as the year that gaming finally went digital.
NPD notes that the total $15.39 billion spend was up 1% compared to 2012, the first year gaming has seen growth since 2010.
“The bottom line is that the overall games market is growing,” said Callahan. “NPD reported declines in content and hardware spending in both 2011 and 2012, so the growth in 2013 is a positive indicator for future market growth as we enter the first full year with all three new consoles on the market.”