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Walmart's $2 eggs spark concerns, questions
In December, the average cost for a dozen large Grade A eggs in U.S. cities hit $4.25, up $1.79 from a year earlier.
Candace Owens has new theory for what's causing egg shortage
Owens and Fox News' Tucker Carlson are putting the blame on companies, while one farm organization has a completely different viewpoint.
Cryptocurrency Fraud Is Growing Fast And Consumers Must Be Protected
While government agencies have begun to recognize the need to combat crypto fraud, it's clear that the frequency of cryptocurrency fraud is outpacing the ability of consumer watchdogs to police it.
Credit Karma Fined $3M for 'Tricking' Users With Allegedly False Offers
Almost one third of customers who applied for some of Credit Karma's "pre-approved" offers were denied, alleged the FTC.
FTC Sues Company Over Tracking Data to 'Sensitive' Locations
The Federal Trade Commission filed a lawsuit against data broker Kochava for allegedly selling geolocation data from hundreds of millions of mobile devices.
Avoiding Student Loan Forgiveness Scams as Biden Mulls Decision
"Scammers might promise a loan forgiveness program—that most people won't qualify for," the FTC recently warned.
Price Gouging on Baby Formula Is to Be 'Actively' Monitored by FTC
President Joe Biden wrote a letter to the FTC requesting that it "bring all of the Commission's tools to bear" to investigate reports of formula price gouging.
TurboTax's 'Free' Software Misleads Millions of Ineligible Users: Lawsuit
"TurboTax is bombarding consumers with ads for 'free' tax filing services, and then hitting them with charges when it's time to file," said the FTC.
People Share 'Strange Events' That Are Rarely Discussed in Viral Thread
"Equifax lost the personal data of almost every single adult [in the U.S.]," said one Redditor, reminding readers of the company's 2017 data breach.
Romance Fraud Scamming Americans Out of Over $1.3B in Past Five Years
"These fraudsters know exactly how to play on people's emotions," a U.S. attorney investigating the scams warned.
Social Media Cons Now Most Profitable Method for Scam Artists
"Social media was far more profitable to scammers in 2021 than any other method of reaching people," the Federal Trade Commission said.
Unlikely Allies AOC, Matt Gaetz Agree That Facebook Needs to Be Stopped
Two members of Congress from opposite ends of the political spectrum said they agreed Facebook should be broken up.
Antitrust Push by Feds Could Halt Mega-Mergers Like $8.45B Amazon-MGM Deal
An antitrust U.S. attorney stated that they were seeing "a truly unprecedented explosion" of merger requests.
FTC Chair Says She 'Won't Back Down' as Big Tech Aims to 'Intimidate'
Lina Khan said she will move "with a fierce sense of urgency" as her agency pursues antitrust actions.
DOJ Announces Aim to Restrict Corporate Mergers Amid Big Tech Buying Spree
"Our country depends on competition to drive progress, innovation and prosperity," Jonathan Kanter of the Justice Department's Antitrust Division said.
Martin Shkreli Gets Lifetime Ban From Pharma Industry for Inflating Costs
U.S. District Judge Denise Cote also ordered Friday that "Pharma Bro" Shkreli pay a $64.4 million fine.
Facebook Sued For Billions Over Harvesting People's Data
The lawsuit argues Meta should pay its 44 million British users compensation for taking all their personal and private data between 2015 and 2019.
Fake COVID Tests Are Circulating Online, Here's How to Avoid Buying Them
The Federal Trade Commission warned about "opportunistic scammers" who are taking "advantage of the spike in demand."
More Testing Can End the War on Cancer. Washington Can Help
The FTC's misguided and dangerous action against better cancer screening will make lifechanging science less accessible to minorities.
Gas Trade Group Calls Biden's Demand for Probe a 'Distraction'
The president asked the FTC to investigate whether Americans are paying more for gas "because of anti-competitive or otherwise potentially illegal conduct."
Biden Urges Probe Into Whether Illegal Conduct to Blame for High Gas Prices
Today, the average price for a gallon of regular unleaded gas is $3.413—more than a dollar higher than the average price one year ago.
Amazon Begins to Repay Illegally Withheld Tips, Drivers Get Average of $422
The FTC said that one driver would receive over $28,000, while the average amount of 139,507 settlement checks and 1,621 PayPal payments was $422.
Utah Company Accused of Falsely Claiming Their Nasal Spray Prevents COVID
"Companies can't make unsupported health claims, no matter what form a product takes or what it supposedly prevents or treats," an FTC official said.
Apple, PayPal Among Tech Giants Ordered to Reveal How Payment Networks Work
"Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits," CFPB Director Rohit Chopra said.
Companies Could Face Over $43K in Fines Per Fake Review as FTC Cracks Down
"Fake reviews and other forms of deceptive endorsements cheat consumers and undercut honest businesses," said Samuel Levine of the FTC.
Congress Must Empower the FTC To Fight Big Tech's Abuses
Now is not the time to let Big Tech run wild.
GOP Rep. Ken Buck Warns 'Big Gov't' Must Get Bigger to Deal With FB, Google
The congressman conceded to The Verge last week that he was wrong to believe "the market will take care of" creating competition within Silicon Valley.
Crypto Scam Victim Loses $384,006 to Fake App: 'I've Shed a Lot of Tears'
Between October 2020 and May 2021, almost 7,000 people in the U.S. lost $80 million to cryptocurrency scammers.
The PRO-SPEECH Act is a Creative Solution to Censorship
Senator Roger Wicker's (R-Miss.) PRO-SPEECH Act, introduced last Thursday, takes a novel approach to one of the most pressing threats to our democracy: Big Tech's control of our political discussion.
Ceding Regulatory Power to the EU Risks U.S. Prosperity and Sovereignty
Our government must not allow erratic, precedent-setting FTC malfeasance to unduly harm patients or the trust of the business community.


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|Bid||33.39 x 800|
|Ask||33.41 x 800|
|Day's Range||33.22 - 34.00|
|52 Week Range||22.94 - 39.74|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||18.27|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||0.20 (0.59%)|
|1y Target Est||44.83|
NRG Energy Inc. (NYSE: NRG) has put two new independent directors on its board, including one co-founder and former executive from Houston-based investment bank Tudor, Pickering, Holt and Co. NRG named Alexandra Pruner, who left a position as CFO of Tudor Pickering’s parent company in November 2018, to its board of directors, the company said in a press release Oct.
Arcosa, Inc. , a provider of infrastructure-related products and solutions, today announced that it will release results for the third quarter ended September 30, 2019 after markets close on Wednesday, October 30, 2019.
Thor's (THO) fourth-quarter fiscal 2019 results gain from favorable product mix and cost improvements. However, lower Towable RV and Motorized RV sales are concerning.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Arcosa (ACA) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Arcosa, Inc. , a provider of infrastructure-related products and solutions, announces its participation at the D.A. Davidson 18th Annual Diversified Industrials and Services Conference to be held at The Palmer House Hilton in Chicago, IL.
Trinity Industries (NYSE: TRN) announced that Chief Executive Officer and President Timothy R. Wallace plans to retire as soon as a replacement is found. "It has been my honor and privilege to be a part of this great company for the past 44 years and lead it for the past 20," said Wallace. Wallace will remain in the role until a successor is named.
Arcosa, Inc. , a provider of infrastructure-related products and solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share on its $0.01 par value common stock.
Today we are going to look at Arcosa, Inc. (NYSE:ACA) to see whether it might be an attractive investment prospect. To...
Consistent job growth, Fed's dovish stance and infrastructural projects in domestic as well as international markets will reflect in the construction sector's Q2 results despite headwinds.
Tepid demand trend in North America, input cost inflation, higher transportation expenses, a stronger dollar & increased start-up costs will likely affect Mohawk Industries' (MHJK) Q2 earnings.
Although the impact of a challenging raw material cost environment remains a worry for RPM International (RPM), cost-cut moves & higher pricing are likely to deliver earnings growth in fiscal Q4.

domain: news


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Microsoft (MSFT.O) President Brad Smith claimed on Tuesday that the Competition and Market Authority’s initial decision to prohibit the company’s acquisition of videogame firm Activision was harmful to Britain. British industry minister Kemi Badenoch disagreed.
Activision Blizzard (ATVI.O), the company behind “Call of Duty,” has since announced that it will sell its streaming rights in a new effort to obtain the CMA’s permission for its $69 billion acquisition of Microsoft.
When Smith criticized the deal despite being accepted in some other nations, Badenoch said that it had been appealed in the corporations’ primary market, the United States.
“If you talk about the magnitude of the market, we weren’t an outlier… We must eventually decide whether we are acting in our own best interests or merely following the lead of others when making decisions. Therefore, I do not concur with his statement,” she told the MPs.
If the CMA is acting improperly, it will likely show through a trend, which is not yet the case, in my opinion.


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Under the terms of the agreement, the acquisition will see Lavoie and McLaren Applied inject stability into the Dutch e-bike brand’s operations, then combining and integrating their capabilities to create “a next-generation e-mobility business and establish a world-leading premium e-mobility offering”.
According to Reuters, Lavoie will retain some VanMoof staff in managerial roles but there will be some redundancies.
One of the biggest changes expected is the abandonment of its in-house retail store model, instead opting for third-party retailers to sell and service products.
Nick Fry, McLaren Applied chairman, said: “The acquisition of VanMoof underscores our commitment to strengthen and grow our world-leading e-mobility business.
“We see a huge potential to transform the way people travel around the congested cities of the world in a more active and enjoyable way.
“This exciting deal helps us to accelerate global growth, allowing us to increase the scale and quality of products and services we can offer to our customers. We are fully committed to being leaders in manufacturing premium e-mobility products that are redefining the category with each ride.”
The move forms part of Lavoie’s global growth strategy to redefine premium e-mobility and transform movement around busy urban areas.
This expansion will include e-bikes in parallel with Lavoie’s existing e-scooter operation with a synergy allowing the business to redefine the growing e-mobility sector by approaching urban mobility via the world of automotive engineering.
Eliott Wertheimer, Lavoie CEO, said: “With its next generation of e-bikes, smart technology, innovative design, and loyal customer base, VanMoof and Lavoie fit together perfectly.
“VanMoof has 190,000 customers globally and our commitment is to continue to keep those riders on the road whilst we stabilise and efficiently grow the VanMoof business and continue to develop its world-class products.”
The Dutch brand has been in the headlines since filing for Chapter 11 status, effectively putting the company into administration, on Wednesday, July 12.
Less than a week later, the company’s Dutch entities had been declared bankrupt.
In recent weeks, trustees had been liaising with potential investors over a restart of VanMoof with Lavoie one of many rumoured to be interested during the bidding process.
Further updates are expected in the coming weeks, including information on the continuation of services for current VanMoof owners.


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But the independent supermarket rivals, led by the Foodland brand, are worried about the market clout of the two big supermarket chains of Coles and
The Independent Supermarket Retailers’ Guild of South Australia oversees the interests of 240 supermarkets with a combined turnover of $3.6 billion. The Foodland brand runs about 115 of those stores. Most of the independents are supplied by
Independent sector squeezed
Independent Supermarket Retailers Guild of SA chief executive
He estimated that the independents held between 36 per cent to 38 per cent of the supermarket sector in SA, which is substantially higher than in other states.
The main business operators behind the Foodland stores in SA include the Drake Group, the Romeo Group and the Chapley family.
“It is the healthiest in Australia,’’ Mr Shearing said, referring to the strong local following by local shoppers of retail brands such as Foodland, which heavily promotes the high volume of local products which it stocks on its shelves.
He warned that independent supermarkets would be hurt if Coles and Woolworths succeeded in a push for a national framework of deregulated trading hours.
He said while there would be a spotlight on the Coles superstore opening on Wednesday in the inner northern Adelaide suburb of Kilburn, the longer-term impact needed to be measured.
“Everyone thinks these things are a plus, but in the longer term the jobs will come out of the small to medium supermarket retailers,’’ he said.
Coles investment program
Coles SA general manager Kevin Gunn said the superstore, with 30 per cent more area than a traditional Coles supermarket, would enable the retailer to offer a much larger range of low-priced clothing, along with an expanded health and beauty section.
“I think it’s a point of difference,’’ Mr Gunn said.
He declined to say how much was being invested on the new Coles superstore at Kilburn, but said it was part of an overall $45 million investment program on new stores and refurbished stores in SA over two years.
Mr Gunn said the superstore was the twelfth one of its type in the Coles network around Australia.
The company had closely examined the catchment areas and was satisfied it wouldn’t cannibalise existing Coles stores in nearby suburbs.
“It’s about the opportunity to put in the additional ranges that we can offer,’’ he said.
The Australian Financial Review


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Shares of Apple Inc. moved higher on Thursday after four straight days of declines, after a report indicated that iPhone production capacity in China was improving — even as a reopening from COVID-19 lockdowns leaves that country facing rising rates of infection. Apple’s
stock was more than 3% higher in Thursday afternoon trading. The shares fell a collective 7% in their four-session losing streak and are down 26.9% year to date, which is on track to be the worst year for Apple since 2008. The S&P 500
is down 20.6% in 2022, while the Dow Jones Industrial Average
which counts Apple as a component, has fallen 9.5%.
The move higher came after a Wall Street Journal article on Thursday suggested shorter wait times for Apple’s premium iPhone Pro models and a rebound in production capacity at a Foxconn
plant in the city of Zhengzhou that is the primary producer of those phones, based on reports from people involved in the supply chain as well as analysts. Apple relies on its more expensive iPhone offerings — such as the iPhone 14 Pro Max — to boost revenue when demand for smartphones overall starts to cool off. The recovery in production follows a COVID-19 outbreak that resulted in a lockdown at that factory in October, as well as harsh travel restrictions and worker protests that had hampered production, the Journal noted. Foxconn lifted that lockdown earlier this month. But as the Chinese government ends most of its stringent COVID restrictions, the infection rate has soared, threatening the health of the factory workers. “Supply for the iPhone Pro models continues to improve slowly, with lead times moderating further in China, and a majority of SKUs are now available for in-store pickup across all geographies, including China for the first time since …


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To concentrate on production of flash memory chips
Toshiba is in talks with multiple chip makers including GlobalFoundries to outsource production of system large scale integration (LSI) chips.
According to reports, the two companies are in the final stages of negotiations.
A Toshiba spokesman said the company was talking to several companies and GlobalFoundries and Samsung were among them.
Outsourcing in system LSI chips is expected to help Toshiba concentrate its resources on flash memory chips, which are used in smartphones and tablet computers.
Reports say while GlobalFoundries is expected to manufacture semiconductors using the latest technologies, Samsung is likely to handle low-cost fabrication of Toshiba’s mainline image-processing chips.
Toshiba said last month that it had reached a basic accord to sell its system LSI chip facilities in Nagasaki Prefecture, western Japan, to Sony.


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July 9th, 2009 | Published in Google Public Policy
There's been no shortage of discussion over Chris Anderson's new book Free, in which he makes the controversial claim that the future of business will be to give away content, products, and services. During his Google D.C. Talk earlier this week, Chris explained how new business models like freemium and other approaches to advertising will change the face of global commerce.
Check out video of the event on YouTube:
And as you might expect, Free is free -- at least online. Check it out on Google Books:


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First China-Myanmar tourism industry training course opens today in Yangon
THE first China-Myanmar hotel and tourism vocational one-month course will open Thursday in Yangon, thanks to the cooperation between the embassy of the People’s Republic of China and the Ministry of Hotel and Tourism.
Teachers from Dehong Vocational College of Yunnan will instruct 30 young waiters and waitress in restaurant services. From this initial training, they will continue their apprenticeship in the hotel and tourism industry.
“This is our first step. We hope to open more tourism-related courses for Myanmar’s youth, after this first batch. Human resource development is important in the tourism industry. We should also focus on other sectors, such as airline cooperation between countries,” Mr Chen, deputy chief of mission and minister-counselor told The Myanmar Times on September 13.
There is a China-Myanmar tourism working committee in charge of developing Myanmar’s tourism. It hopes to form skilled workers to operate in the Myanmar tourism industry, U Yan Win, chair of Myanmar tourism federation, an organisation supporting the traineeship, said at the press conference in Yangon.
“Currently we already received 2.2 million tourists and we hope to get over 4 million international visitors by the end of the year. That is why such programs for our people are so important,” said U Yee Mon, permanent secretary of the Ministry of Hotel and Tourism.
Aircrafts operating between China and Myanmar can only transport 100 passengers at a time. The Chinese embassy will lobby to increase the number of airlines with better capacities, he added.
“Recent airlines and aircraft capacity is small in comparison with China-Myanmar’s strong friendship. Embassies will mobilise both governments and related ministries on the issue. Furthermore, the hotel industry still needs to develop as Chinese tourists are interested in Myanmar, but the hotel capacity is not enough to accommodate all travelers; and it comes at a higher price” Mr Chen said.
China has a population of 1.3 billion of which 122 million visited foreign destinations in 2016. They spent US$110 billion during their trip - an average of $900 per person. One fourth of Thailand’s foreign visitors come from China. Last year, close to 9 million Chinese tourists visited Thailand, according to Mr Chen. However, only a few Chinese tourists come to Myanmar, which is why they want to develop Chinese tourism in Myanmar, he added.
“It is more expensive for a Chinese tourist to stay a week in Myanmar, due to hotel prices, than to visit Thailand, Malaysia or Singapore. Even if we are a bigger contributor to Myanmar through foreign investment, only a few investments reach the hotel sector, because it is not a priority for China’s investment in Myanmar. We’re trying to persuade the government’s owned company and private company to invest in Myanmar’s hotel industry,” Mr Chen said.
The China-Myanmar Hotels and Tourism Vocational Training Course is launched at Myanmar Sports Hotel on September 13.


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Grocery retailer Albertsons has made the first commercial 100% zero-emission grocery delivery with Volvo VNR Electric class 8 trucks in the US.
The company recently received two Volvo trucks at its distribution centre located in Irvine, California from Volvo Trucks North America.
For this grocery delivery, the company paired its VNR Electric trucks with Advanced Energy Machines’ (AEM) electric-powered transport refrigeration units .
The first zero tailpipe emission and battery-electric Class 8 trucks will be deployed by Albertsons in its fleet across the country. They will serve Albertsons, Vons, and Pavilions stores in Southern California.
Volvo Trucks North America president Peter Voorhoeve said: “We are thrilled to continue our long-term partnership with Albertsons as they begin their journey toward fleet electrification and achieve this momentous accomplishment of a fully zero-emission grocery delivery.
“Albertsons’ commitment to corporate sustainability is demonstrated by the steps it is taking to reduce its carbon footprint in its stores and fleet. We are confident that the Volvo VNR Electrics Albertsons is deploying in Southern California will enable the company to not only reduce its emissions, but to make reliable daily deliveries to its grocery stores throughout the region.”
Albertsons procured the Volvo VNR Electric trucks as part of the Volvo Low Impact Green Heavy Transport Solutions (LIGHTS) project.
The retailer operates a fleet of 1,400 Class 8 trucks across the nation, which are certified under the US Environmental Protection Agency (EPA) SmartWay programme.
Albertsons operated 2,277 retail stores as of 27 February 2021 and has stores across 34 US states and the District of Columbia under various banners.
In March this year, it partnered with automated logistics company Tortoise to trial a remote-controlled delivery cart.


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BANGALORE, India, June 21, 2022 /PRNewswire/ — Plobal Apps, a pioneer in powering mobile apps for the world’s largest brands, trusted Bespoke CTO search firm Purple Quarter as its tech leadership search partner to onboard seasoned technologist Manjunath Chandrashekar as the Head of Engineering.
With the vision to revolutionize commerce, Plobal Apps was founded in 2016 by Atul Poharkar. Plobal Apps is an end-to-end SaaS platform that helps online stores build native mobile apps in minutes with zero coding. With the mission “to build a powerful, extensive, app-commerce ecosystem helping businesses turn native apps into the most profitable channel and scale revenues“, Plobal Apps collaborated with Purple Quarter to locate the best tech leader for their tech-forward team.
Founder & CEO, Atul Poharkar, Plobal Apps, shared, “At Plobal, we are revolutionizing commerce by building a strong technology ecosystem and we were on the lookout for a credible leader to shoulder on. Team Purple Quarter has been extremely helpful in our crucial tech-head search, we appreciate their consultative approach and deep-set understanding of the role and the industry at large. We are delighted to welcome Manjunath to the team. With Manjunath’s extensive tech expertise, I am confident that he will boost our tech landscape and lead the way for the team. Thank you Purple Quarter for an unmatched experience.”
Manjunath is an experienced engineering leader with a demonstrated history in the software industry, he is skilled in both front-end and back-end full-stack. With over 16+ years of industry expertise & a strong engineering professional graduate from BITs Pilani, Manjunath was previously associated with notable companies such as Walmart, Swiggy, Myntra, and Target among others. Considering the accelerated growth of Plobal Apps and the need for a high-calibre head of technology, Purple Quarter worked closely with Plobal to develop a custom approach to the technology mandate.
“I am happy to be a part of the growing Plobal Apps team. This role comes as a pleasant challenge to me, as the Head of Engineering my primary goal will be to create a strong tech-org blueprint, and increase the scalability of the product alongside improving the overall customer experience for the end consumers. A huge note of thanks to Purple Quarter for enabling this wonderful opportunity and continually supporting throughout the process,” shared Manjunath on the appointment.
Purple Quarters’ unmatched tech network, extensive talent pool, and comprehensive end-to-end search process have been instrumental in securing multiple key tech heads for the likes of Licious, PharmEasy, Upstox, Urban Company, Vedantu, Acko, Pratilipi, Rupeek and more.
About Purple Quarter
Purple Quarter is a Bespoke CTO Search firm based out of Bangalore. In just five years, it has mapped out over 10,000+ tech leaders across the globe. With a singular approach, Purple Quarter offers detailed insight into the Tech Leadership hiring space for startups and corporates. The diverse clientele of companies such as Walmart, Swiggy, RBIH, Inmobi, ACKO, PharmEasy, Browserstack, Urban Company, hike, Clari, and many more, reflect Purple Quarter‘s unmatched position.


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SEOUL—LG Display Co. on Thursday said it would build a new plant in South Korea to produce flexible displays, citing the need to prepare for an expected rise in demand from smartphone makers.
LG Display, a key screen supplier to Apple Inc. and LG Electronics Inc., said in a regulatory filing it will invest 1.05 trillion Korean won ($907 million) in the new facility over a two-year period starting in the third quarter.
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Johannesburg, 8 July, 2010: Industry partners - kulula.com, British Airways (operated by Comair Limited), Europcar and Protea Hotels - have teamed-up with Sappi to encourage the over 450 000 international tourists who flocked to the country for the World Cup to show some love to their host country by getting their kit off before they head home - all in the name of charity.
Heidi Brauer, Comair’s executive manager: group marketing says, “Because it’s summer in the Northern Hemisphere and Africa may have been perceived to be hot all year long, we’re sure many international fans purchased some extra padding to keep them warm during our surprisingly chilly winter. However, if they didn’t allow for some extra weight in their suitcases, lugging all that unexpected shopping back home again once the tournament is over could be costly.”
Relieving them of their extra kilos, the partners have designed 100 customised ‘Get your kit off’ collection bins and placed them in high volume areas across the country such as international departure halls, Protea Hotel foyers and Europcar depots. All clothes collected through the bin drive will be donated to the internationally recognised Salvation Army. It helps the destitute, homeless and abused; rejected pensioners and single parents who cannot support themselves and their children.
“Today’s harsh economic climate and high unemployment rates have had a dramatic impact on the homelessness problem in South Africa. The Salvation Army has provided accommodation to many of these needy people over the years and the donations from the ‘Get your kit off’ campaign will go to good use,” explains Captain Garth Niemand from the Salvation Army.
Sappi’s marketing manager Graham Futter adds that, “Much like the World Cup will leave its legacy for the country through economic development, increased exposure overseas and positive promotion of brand South Africa among locals, we see this initiative as an opportunity for our international visitors to leave their own personal legacy behind through the donation of their extra clothes.”
And, while the campaign is largely aimed at foreigners, it is open to all South Africans who want to participate in the worthy cause.
“We have all enjoyed the last four weeks of the World Cup celebrations. Now it’s time for our locals and visitors to give back to the communities and spread the positivity that this once-in-a-lifetime experience has created even further”, says Europcar’s CEO Dawn Nathan-Jones.
Showing their support of the campaign in-house, staff members at Protea Hotels have even pledged to get their own kit off for charity and will donate any spare clothes they have to the campaign. “We can only hope that the international and South African visitors who are travelling this month will be equally generous,” concludes Arthur Gillis, CEO of the Protea Hospitality Group.
The campaign will run between 11 July and 31 July 2010.


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Apple’s annual iPhone announcement is right around the corner, which means that speculation is running wild. And this year, that includes rumors about the upcoming iPhone naming scheme.
That’s because Apple may be running into a unique moniker problem, thanks to the iPhone X a few years back. Now, iPhone casemaker ESR is placing bets on what it thinks the next iPhones will be called.
The Casemaker Report
An ESR internal quotation list, first spotted by French site iPhonesoft, suggests that the casemaker believes the next iPhones will be called “iPhone 11.” That lines up with the general consensus among the Apple blogosphere.
But ESR also appears to think that the next generation of Apple handsets will bear the “Pro” moniker. That’s also something that we’ve seen in recent reports — and, in particular, from one especially accurate source.
The result? Here’s what ESR apparently believes Apple will dub the iPhone lineup.
- iPhone 11
- iPhone 11 Pro
- iPhone 11 Pro Max
It isn’t clear where ESR is sourcing its information from, but it’s not likely that the casemaker has any inside intel. The supply chain typically has no idea what Apple will call an upcoming generation of iPhone until the company announces it.
In other words, this is likely just ESR’s best guess at what the upcoming 6.5-inch handset will be called.
Why Apple Won’t Take This Route
We’ve previously written how Apple’s numbered iPhone naming scheme has become confusing — particularly when the company keeps using Roman numerals in place of numbers.
As a possible alternative, we suggested that Apple could dub the next iPhones just “iPhone” and “iPhone Pro,” depending on their tier. But “iPhone 11 Pro Max” is not what we meant.
For one, it’s incredibly clunky. If Apple does indeed adopt the Pro moniker, it’s much more likely to do so in a way that simplifies the lineup. Not “iPhone 11 Pro,” just “iPhone Pro.”
The “Pro Max” naming scheme is unlikely for a number of reasons. We find it much more probable that Apple will simply differentiate the iPhones by size, similar to how the iPad Pro lineup is named.
In other words, don’t worry. The next iPhone won’t be called the iPhone 11 Pro Max.


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Reyers, a family-owned shoe store located in the Eastwood Mall was ranked #1 in customer service by Footwear Insight Magazine in its ‘Gold Medal Service Awards.’
December 7, 2021
By Zach Mosca
A shoe store in Niles was ranked #1 in a national competition for its customer service.
Reyers, a family-owned shoe store located in the Eastwood Mall was ranked #1 in customer service by Footwear Insight Magazine in its “Gold Medal Service Awards.”
This is an annual competition seeking to find the “best of the best” when it comes to customer service. After a nomination and screening process, “secret shoppers” are sent out to hundreds of nominated stores to evaluate their customer service.
From there, the top 70 finalists are selected via a detailed point system with the 70 finalists being named “Gold Medal Winners.” Reyers came out on top this year.
Reyers Vice President, Steven Jubelirer says the store owes everything to its employees for this victory.
“It’s part of our upbringing and we taught them how to be the best,” Steven said.
Company President, Mark Jubelirer described the victory as “unexpected and exhilarating” and noted that Steven’s father taught them a simple truth: “If you take care of the customer, everything else takes care of itself.”
Reyers relocated to the Eastwood Mall in July after more than 130 years in Sharon. Footwear Insight’s judges were impressed that the Jubelirers and their staff were able to make such a bold move and still maintain a high level of customer service.
Reyers has made it on the “Gold Medal Winners” list since Footwear Insight’s founding in 2015.


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Ex-Carolina Panthers player Wesley Walls plans $20M project near Hanes Mall
Pavilion Development of Charlotte is planning a retail development along Hanes Mall Boulevard in Winston-Salem, a project that could cost up to $20 million when fully built out by late 2015.
Former Carolina Panthers tight end Wesley Walls — now a senior vice president at Pavilion Development — is spearheading the project, which will total 150,000 square feet of retail on the 22-acre tract.
The property is the last sizable vacant tract on Hanes Mall Boulevard, which is among Winston-Salem’s most coveted retail addresses. The site sits across the street from the Shoppes at Little Creek retail development and the Lofts at Little Creek apartments.
“That’s the center of Winston-Salem retail,” said Walls, a five-time Pro Bowler who played for the Carolina Panthers from 1996 to 2002. “There’s a lot of new multifamily, a lot of new high-end residential developments under way or in progress. We felt like there was a need for some more retail.”
This month, the Winston-Salem/Forsyth County Planning Board unanimously approved the project’s updated site plans. The plans will go before the Winston-Salem City Council next month.
A previous developer’s site plans had been approved in 1999 to develop a 261,359-square-foot shopping center, but the site’s topography and existing transmission lines made development on that scale impossible, Walls said.
Pavilion is still finalizing its plans, but it envisions 150,000 square feet of retail on six parcels. The firm has secured tenant commitments for the two larger rear parcels — which together cover nearly 18 acres — and is working with potential tenants on the four parcels that front Hanes Mall Boulevard.
Catherine Carlock covers commercial and residential real estate, construction, economic development and retailing and restaurants. Contact her at (336) 370-2918.
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OTTIMMO – On Monday (10/2), OTTIMMO International welcomed a special guest, students of Politeknik Jember. As many as 98 students from the Food Technology study program made observations on food and beverage at the OTTIMMO campus.
At the campus in the Citraland area, Surabaya, they had the opportunity to see firsthand culinary arts kitchen, baking pastry arts kitchen, as well as Le Galeria café. In culinary arts kitchen, Politeknik Jember students can watch cooking demonstrations by Chef Arya Sunjaya related to processing Basmati Rice and pinach Pesto.
While in the baking pastry arts kitchen, they witnessed how OTTIMMO students made Croissants. On the second floor kitchen, also provided examples of pastry products that can be enjoyed by visiting students.
While at the Le Galeria café, OTTIMMO baristas showed how to be creative in making coffee, cappuccino, and other beverage products. Guests are free to ask all matters relating to food and beverage products, even everything about the OTTIMMO campus.
Politeknik Jember Representative, Fatoni, said that his party was very happy to witness firsthand the manufacture of food and beverages at OTTIMMO. He really hoped that the students could bring a lot of knowledge from the visit to Surabaya.
“This is our second visit and we are happy to be able to get knowledge about food and drinks, as well as managing culinary schools at OTTIMMO. Hopefully the students will get good knowledge and ideas from this visit, “Fatoni explained.
Meanwhile, OTTIMMO Director Zaldy Iskandar said that his party was always open to welcoming visits from other campuses. According to him, Polytechnic Jember is special because it schedules an annual visit to OTTIMMO. “We proudly welcome the visit of the Jember Polytechnic. Hopefully get a lot of input from this visit, “said Chef Zaldy.*


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The nuvifone M20 is an all-in-one phone, mobile web-browser and premium navigation device with a Windows Mobile 6.1 operating system.
It's part of a U.S. government-supported program that ensures eligible low-income households have affordable telephone service.
The new solution, ties smartphones and other advanced feature phones to customer service by providing operators and enterprise users with an "active" connection between the subscriber's phone and frontline care.
Samsung Memoir captures and shares high-quality images with advanced features and touch screen.
More challenges are forthcoming according to market research firm.
The new offering provides mobile access to integrated business contact data and social information.
Firm says year will be marked by handset vendors trying to convince everyone they should own one.
The new app is compatible with both the iPhone and the iPod Touch.
The school implements InterReach Fusion in-building cellular system after an extensive research and proposal process.
Consumers save on groceries using their mobile phone or computer at nation's largest traditional grocery chain.


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Fly fishing business appeals to industry to help fight counterfeiters
A small, family-owned fly fishing business is appealing to the industry to help prevent the growing problem of copying.
O’Pros, short for Outdoor Professionals, is based in Wisconsin, where it creates USA-made products including nets, rod holders, wading belts, patches and apparel. But its range is attracting the attention of overseas companies in the wrong way.
“As we continue to grow we are faced with different challenges,” says co-founder, David Jacobson. “Most recently, we are finding several overseas-made replicas. Companies are stealing our products, content, reviews and more to generate sales on their websites for knock-off products.”
O’Pros points out that the copyists are using paid ads to target their audience and are asking anyone who sees them to report them and/or the ad.
“If you could please share it with us via social media or email we would appreciate it,” adds O’Pros, which says it is working with legal council to tackle the problem.
Outdoor Professionals was co-founded in 2016 by three hockey playing brothers, David, Aaron and Mike Jacobson, from Janesville, Wisconsin, who turned to their passion for fishing as their hockey careers came to an end.
Pictured from left to right: Aaron, David and Mike Jacobson
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JYSK Austria delivers outstanding results first month after the rebrand
Author: Anders Græsbøll Buch, Communications Consultant, JYSK
Category: Sales Growth
The rebranding of JYSK Austria is a huge success. Sales has so far increased by 50 percent, the new products have been well received by customers, and JYSK´s brand knowledge has increased significantly in just one month.
Will it all really go well? Store Manager Martin Germann in Zell am See, Austria asked himself that question many times before the name change from DÄNISCHES BETTENLAGER to JYSK on 1 October 2020.
It was a huge operation that demanded huge preparation from all. Stores in Austria, the Country Head Office in Austria, Regional Head Office in Handewitt, many different departments in the Head Office in Denmark as well as different communications and marketing partners were involved. But it all went well.
Most importantly, sale has so far increased by 50 percent. Furthermore, the new product range is also very well received by both regular and new customers.
“I have the impression that when a customer stands in front of a shelf the products seem of higher quality, and that make them more willing to buy. The product range is reduced a bit, but the customers think that it makes it easier to decide,” says Martin Germann.
Great reception from customers
Financial Manager in JYSK Austria Volker Ortlechner also notices a significant increase in customers and the fact that customers are positively surprised by the trendy, Scandinavian product range with furniture for indoor and outdoor as well as home accessories for every room.
“We have really heard the sentence ‚Wow, your products are really pretty’ a lot from new customers,” says Volker.
The success of the rebranding campaign can also be seen in the awareness tracker that the market research institute YouGov creates every month for JYSK. The first results from September ahead of the campaign showed that 89 percent of Austrians had never heard of JYSK. On 10 October, 53 percent of Austrians knew the name.
”It is fantastic results thanks to an outstanding team performance. So many people have been involved and all store staff in Austria have been so positive and filled with enthusiasm about all the new things. That has definitely had a great impact on customers,” says Volker.
Tuesday 17 November, the stores in Austria were temporarily forced closed due to the coronavirus.


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One way to get around having pedestrians and personal mobility device (PMD) users share a path is to get everyone to just put away their smartphones and other electronic devices and look up (Pedestrians urged to keep left on shared paths in code of conduct, Aug 5).
The updated code of conduct is good but can be made better by banning the use of mobile phones and all electronic devices while people are walking on the shared path or footpath.
Pedestrians should be made to stop and step aside when they want to use their smartphones, then continue walking when done.
Pedestrians walking from point A to B without checking on their smartphones during this short period will not be seriously inconvenienced.
Foo Siang Yian


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Bioware has today released the latest Mass Effect 3 DLC called Rebellion for free on all platforms. The free multiplayer pack comes with new a objective types, maps, classes and more.
Yesterday it was revealed and confirmed that Bioware’s mmorpg Star Wars: The Old Republic has being hit by several layoffs.
EA last night released the first television trailer for Medal of Honor: Warfighter during the Champions League Final. If you missed the trailer don’t worry because you can watch it now below.
Bioware’s mmorpg Star Wars: The Old Republic has seen just under a 25% reduction in active subscribers according to its Q4 financial results.
Bioware’s mmorpg Star Wars: The Old Republic has suffered a bit of a hick up today as the games servers have being have gone offline due to issues caused by last night’s server maintenance.
With all the complaints about how Mass Effect 3 ended Bioware have announced that they will be releasing free DLC to help give more clarity to the ending of the game. The DLC is set to be released this summer.
Ever wanted your own private server on the console version of Battlefield 3? Well now is your chance with the ability to rent a server for the console version of BF3.
Myth and conspiracy fans rejoice as Funcom’s The Secret World is now available for pre-order. Pre-order the game now for access to beta weekends and more.
Dice has released a trailer for the upcoming Battlefield 3: Close Quarters expansion featuring the Ziba Tower map. The new expansion focuses on indoor combat as you can see from the trailer below.
Today EA has announced that Medal of Honor: Warfighter will launch worldwide on October 23, 2012. The new Medal of Honor will follow the U.S. Tier 1 Operators again just like in the 2010 reboot.
UK based video game retail giant GAME group will no longer be stocking EA games after SSX is released on Friday. This means that GAME and Gamestation will not be selling Mass Effect 3.
Funcom have revealed that their mmorpg ‘The Secret World’ will be launching on June 19, 2012. The game was originally scheduled for an April release.
Yesterday Bioware released the Mass Effect 3 CGI trailer called ‘Take Earth Back’ and today Bioware have released an extended version with more than a minute of extra footage. Check out the extended version of the trailer below.
Bioware have released a new trailer for the upcoming game ‘Mass Effect 3’. The trailer is called ‘Take Earth back’ and it shows CGI footage of the Reaper attack on Earth and the counter attack lead by Sheppard.
EA has released the launch trailer for Syndicate which is scheduled for release next week. The trailer shows off the skills of the playable character and some of the games story. Check out the trailer below.


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The gérard jugnot of glasses quit LVMh, It is the escape of human brains from luxury groups, for a better and especially less stressful life. The former head of Italian eyewear giant Luxottica is leaving LVMH after leading its hotel business for the past two years, the French luxury goods group said on Thursday.
Guerra, who had also taken on leadership of the group’s Fendi and Loro Piana Italian brands as well as LVMH’s Thelios Eyewear division, will step down at the end of May and become senior adviser to the French group.
“I am glad that he will remain my advisor,” LVMH Chairman and CEO Bernard Arnault wrote in a note. A decade later, Guerra led Ray-Ban owner Luxottica until 2014, when he fell out with founder and major shareholder Leonardo Del Vecchio and moved on to high-end food retailer Eataly.
Having had a busy couple of years, I now wish to pursue new entrepreneurial endeavors,” Guerra said in the note.
The Italian executive will focus on promoting ‘Made in Italy’ products and cultural heritage through his new project, but he will continue to advise LVMH until the end of the year at the earliest.


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Toy maker Hasbro to phase out plastic packagingby Canadian Plastics
Beginning next year, the company will start eliminating plastic from all new toy and game packaging, a transition that’s expected to be completed by the end of 2022.
BASF, Toray partner to bring tape technology to automotive sectorby Canadian Plastics
Toray will start producing continuous fibre-reinforced thermoplastic tapes using BASF’s Ultramid engineering thermoplastics, reinforcing BASF’s Ultramid PA6 resins with either glass fibre or carbon fibre.
PolyOne sells Performance Products and Solutions businessby Canadian Plastics
The material supplier is selling its PP&S unit to private investment firm SK Capital in a $775 million all-cash deal.
Toronto packaging supplier Starplex Scientific sold to Pretium Packagingby Canadian Plastics
Starplex, which also operates a manufacturing plant in Tennessee, molds plastics products that include leak-resistant sterilized containers, biological sampling swabs, and pharmaceutical grade containers and closures.
N. American plastics machinery shipments up in Q2, report saysby Canadian Plastics
Statistics compiled and reported by the Plastics Industry Association’s Committee on Equipment Statistics says that plastics machinery shipments increased 8.2% in Q2 2019, following a 27.6% decrease in Q1.
Domo Chemicals acquiring Solvay’s European performance polyamides businessby Canadian Plastics
The 300 million euro deal includes engineering plastics operations in France and Poland; high-performance fibres in France; and polymer and intermediates operations in France, Spain, and Poland.
Magna opens new Michigan electronics facilityby Canadian Plastics
The new $50 million, 230,000-square-foot plant in Grand Blanc Township is designed to help Magna service the vision-based driver assistance systems market.
Flexicon opens France officeby Canadian Plastics
The bulk handling equipment and systems maker’s new office in Dijon, France will provide factory-direct engineering services and technical sales support to customers in France and surrounding regions.
Chromaflo buys dispersion division of Liquid Coloursby Canadian Plastics
Headquartered in South Africa, the acquisition will enhance Liquid Colours’ position in the sub-Saharan African region.
Kohlberg completes acquisition of Bemis Healthcare Packaging Europeby Canadian Plastics
Bemis Healthcare Packaging operates facilities in Clara, Ireland; Derry, Northern Ireland, UK; and Elsham, UK.
Ineos breaks ground on new Texas styrenics plantby Canadian Plastics
The new acrylonitrile styrene acrylate plant is expected to be operational by 2021.
Huntsman selling two chemical units to Indorama Ventures for $2 billionby Canadian Plastics
The company is selling its chemical intermediates and its surfactants units to Thailand-based Indorama.
Canadian wage growth climbs to highest mark since 2009: StatsCanby Canadian Plastics
But the unemployment rate moved up to 5.7% as Canada shed 24,200 jobs, the agency also said.
McDonald’s new paper straws aren’t recyclable, company admitsby Canadian Plastics
The fast food company switched its straws from plastic to paper in June 2018, but says the new straws are too thick to recycle.
Bunting Magnetics rebrands on its 60th anniversaryby Canadian Plastics
The magnetic technology supplier’s group-wide rebranding will bring all subsidiaries under the single brand name of “Bunting”.
Sobeys plans to remove plastic bags from all stores in 2020by Canadian Plastics
The Stellarton, N.S.-based national grocery chain said it will adopt paper and reusable bags at its 255 outlets across the country by January.
Nova Chemicals announces new sustainability strategyby Canadian Plastics
The Calgary-based chemical maker’s new six-pronged sustainability commitment is designed to help eliminate plastic waste.
RTP acquires Zeotherm’s thermoplastic vulcanizate businessby Canadian Plastics
The transaction, which was completed in May 2019 but not announced until Aug. 6, encompasses all products sold globally under the Zeotherm TPV name.
Arkema buys specialty chemicals maker Lambsonby Canadian Plastics
The acquisition of Lambson, which develops photoinitiators for curing, is designed to expands Arkema’s Sartomer business unit product offering.
Canadian auto sales picked up in July: Scotiabankby Canadian Plastics
But U.S. auto sales decelerated in July, a new Scotiabank report says, as volatility in that market continues.


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Remember the LG Fantasy which we’ve seen in that leaked roadmap back in July? Well, it seems LG will launch the smartphone in the near future as we have another leaked photo to show you.
If you recall, we’re talking about a Windows Phone Mango device with still unconfirmed guts — though we know it rocks a 4-inch screen. If I had to bet, it will get all the power from a single-core 1.4GHz Qualcomm CPU, while supporting HSPA and Wi-Fi connectivity. Moreover, other standard goodies will also come included like GPS, Bluetooth, most likely 16GB of built-in storage and so on.
The new image comes from an XDA-Developers forum member untitledmangxg, who got the phone from a Romanian tester.
All said, we expect to see the LG Fantasy officially unveiled either at the CES in Las Vegas or at the Mobile World Congress in Barcelona. We’ll watch carefully and let you know as soon as we hear something new on this. Stay tuned…


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Top Device Stories of 2009: A Year of Economic Revival and Regulatory Risk
2009 was the most difficult year the device industry faced in a long time, particularly given the boom years that preceded it. Public and private investors grew nervous and sat on the sidelines, as did most corporate acquirers. As a result, most start-ups found it difficult to raise money and VCs were frustrated by the poor returns being generated, especially compared with the previously frothy climate. The silver lining may be that there are signs that the economic environment may be improving and that corporate acquirers will continue to pay a premium for the right deal. Overhanging all of this, however, is the specter of health care reform and its impact on the device industry, whether through a device tax, comparative effectiveness or some unanticipated other result, meaning the industry is far from out of the woods.
You may also be interested in...
As the House and Senate work to meld their respective 2,000-page health care reform bills into a single politically viable plan, the device industry remains most intently focused on a mere seven pages of each: the device tax provisions
Advanced Medical Optics, Ablation Frontiers, Acclarent, CoreValve, Evalve, Visiogen.-no tip of the iceberg last year; they were just about the whole berg in medical device M&A. Starting with AMO last January and ending with Acclarent in December it would be easy to look at the series of impressive device acquisitions that took place last year and be lulled into the belief that 2009 was a banner year for medical device M&A. In fact, just the opposite was true: total deal values and numbers were at their lowest peak in more than half a decade. What does it take to get a company sold these days? To look more closely at the topic, we asked some folks who've recently been on either side of a deal to talk, not so much about the current state of deal-making, but about how successful deals come about in today's environment.
A look back at the biggest devices stories of the decade, in capsule form.


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The global licensing business had a banner year in 2021 despite the pandemic, growing by 7% since 2019 to reach US$315.5 billion in sales, according to the “2022 Global Licensing Industry Study” that Licensing International released yesterday.
One of the year’s most dramatic performances was in the apparel category, which made up 14% of global sales revenue from licensing products and services in 2021 at US$45 billion. But the report also ID’d video games and software, sporting goods, housewares, pet products, toys, home décor and food & beverage as the next fastest-growing categories over the past two years.
In terms of international growth, there was a 9.5% jump in sales revenue generated in LatAm to US$12.9 billion—putting it second only to the US/Canada, which increased 9.6% to US$186.2 billion. And every region around the world experienced a bump, including the Middle East and Africa (up 3.53% rise to US$5 billion) and Eastern Europe (up 1.59% to US$9.9 billion). Drilling down by country, Brazil made the biggest jump, moving up to eight in the world, with a 12.3% revenue increase to US$5.9 billion.
A large portion of Brazil’s 2021′s stronger global sales (almost US$6 billion) came from the entertainment and character segment, which includes TV, film and video game licensing. However, the study also found that consumers and retailers leaned on evergreen properties and well-established brands during the pandemic. Licensees focused on the celebrity, corporate, art and publishing categories last year to fill a gap in new entertainment content caused by theatrical release delays/cancellations.
Lastly, the report highlights a fundamental shift in consumer shopping habits. In 2021, 66% of consumers bought goods in brick-and-mortar stores while 34% shopped online, compared to 78% for brick-and-mortar and 22% for online in 2019.
The “2022 Global Licensing Industry Study” is a collection of data gleaned from market analysis, an industry survey and calls to licensing professionals. Licensing International did not conduct this research in 2020 because of the pandemic, so the new report offers a comparison with 2019. It’s available on Licensing International’s website.
Image courtesy of Licensing International.


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* Trump threatens new tariffs on Chinese goods next week - report
* Canada, U.S. may not reach NAFTA deal within deadline - report
* Energy, financial stocks weigh on the S&P 500
* Indexes: Dow off 0.15 pct, S&P 0.08 pct; Nasdaq up 0.19 pct (Updates prices, adds details, changes comment)
By Shreyashi Sanyal
Aug 31 (Reuters) - The S&P 500 and the Dow Jones Industrial Average were little changed on Friday as jitters over ongoing trade talks between the United States and other major economies weighed, but gains in Apple and Amazon lifted the Nasdaq.
Hampering a rally in U.S. stocks early this week was a report that President Donald Trump was ready to impose tariffs on $200 billion more of Chinese goods as soon as a public comment period on the plan ends next week.
The United States is also working to settle differences on a pact to modernize the North American Free Trade Agreement (NAFTA) by a Friday deadline.
Canadian Foreign Minister Chrystia Freeland said, “We’re not there yet” and added the country was looking for a good deal, not any deal.
“Traction gained from negotiations with Mexico and Canada in the past couple of weeks are leading to some optimism ... what we are seeing is light trade ahead of the Labor day holiday weekend,” said Steven Violin, senior vice president at F.L.Putnam Investment in Wellesley, Massachusetts.
At 11:28 a.m. ET, the Dow Jones Industrial Average was down 38.24 points, or 0.15 percent, at 25,948.68, the S&P 500 was down 2.26 points, or 0.08 percent, at 2,898.87 and the Nasdaq Composite was up 15.48 points, or 0.19 percent, at 8,103.84.
The main indexes are still near record levels, coming off a solid earnings season and supported by data pointing to a strong U.S. economy.
Apple rose 1.1 percent, extending its gains for the seventh day, while Amazon.com rose 0.4 percent, topping $2,000 for the second day in a row to renew its push to join Apple in the $1 trillion market cap club.
Seven of the 11 major S&P 500 sectors were lower, with the energy sector leading declines with a 0.83 percent drop.
The financial index fell 0.45 percent with JPMorgan down 1 percent, Goldman Sachs off 0.3 percent and Citigroup falling 0.9 percent.
Declining issues outnumbered advancers for a 1.13-to-1 ratio on the NYSE. Advancing issues outnumbered decliners for a 1.25-to-1 ratio on the Nasdaq.
The S&P index recorded 24 new 52-week highs and one new low, while the Nasdaq recorded 76 new highs and 21 new lows. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta)


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- AMD stock rises 10.7% on Nvidia earnings excitement.
- Nvidia raised its Q1 revenue guidance by $2 billion to $24 billion.
- Market loves AI stocks, and AMD should benefit.
- NASDAQ surges 3% on Nvidia rally.
Advanced Micro Devices (AMD) stock surged 10.7% on Thursday on the heels of big brother Nvidia’s (NVDA) masterful Q4 release on Wednesday. AMD is seen as the runner-up to Nvidia’s success at becoming the go-to shop for artificial intelligence chips.
AMD stock closed at $181.86, though shares frequently moved above $183 in the bullish session. The S&P 500 and NASDAQ Composite have also seen extreme rallies on Thursday and gained 2.2% and 3%, respectively, as a consequence of Nvidia’s rally.
AMD stock news
Sometimes, it’s okay when your primary competitor wins so stridently. Nvidia’s fourth-quarter consensus beat and guidance raise on Wednesday has led to a rally among most semiconductor stocks. Super Micro Computer (SMCI) has spiked almost 33%, while Nvidia’s primary fab, Taiwan Semiconductor (TSM), has gained 3% on Thursday.
Nvidia itself gained 16.4% on Thursday after beating Wall Street consensus on Wednesday by 11% on adjusted earnings and nearly 8% on revenue. What’s more, management raised its guidance for the present first quarter of 2024 from $22 billion in sales to $24 billion in sales. Additionally, gross margins are expected to arrive between 76% and 77%.
“[W]e believe 60%-70% of enterprises will ultimately head down the AI use case path as we estimate $1 trillion of incremental AI spend over the next decade,” wrote Dan Ives of Wedbush Securities in his glowing response.
Cantor Fitzgerald raised its price target on Nvidia from $775 to $900, while Benchmark raised theirs from $625 to $1,000.
One good sign for AMD is that Cantor Fitzgerald noted that demand is so strong for Nvidia’s newest AI products that there will most likely be shortages. This could help AMD sell more MI300X AI GPUs, which the company is already using in Microsoft’s Azure data centers.
Nvidia is the leading fabless designer of graphics processing units or GPUs. These sophisticated devices allow computers to better process graphics for display interfaces by accelerating computer memory and RAM. This is especially true in the world of video games, where Nvidia graphics cards became a mainstay of the industry. Additionally, Nvidia is well-known as the creator of its CUDA API that allows developers to create software for a number of industries using its parallel computing platform. Nvidia chips are leading products in the data center, supercomputing and artificial intelligence industries. The company is also viewed as one of the inventors of the system-on-a-chip design.
Current CEO Jensen Huang founded Nvidia with Chris Malachowsky and Curtis Priem in 1993. All three founders were semiconductor engineers, who had previously worked at AMD, Sun Microsystems, IBM and Hewlett-Packard. The team set out to build more proficient GPUs than currently existed in the market and largely succeeded by late 1990s. The company was founded with $40,000 but secured $20 million in funding from Sequoia Capital venture fund early on. Nvidia went public in 1999 under the ticker NVDA. Nvidia became a leading designer of chips to the data center, PC, automotive and mobile markets through its close relationship with Taiwan Semiconductor.
In 2022, Nvidia released its ninth-generation data center GPU called the H100. This GPU is specifically designed with the needs of artificial intelligence applications in mind. For instance, OpenAI’s ChatGPT and GPT-4 large language models (LLMs) rely on the H100’s high efficiency in parallel processing to execute a high number of commands quickly. The chip is said to speed up networks by six times Nvidia’s previous A100 chip and is based on the new Hopper architecture. The H100 chip contains 80 billion transistors. Nvidia’s market cap reached $1 trillion in May 2023 largely on the promise of its H100 chip becoming the “picks and shovels” of the coming AI revolution.
Long-time CEO Jense Huang has a cult following in Silicon Valley and on Wall Street due to his strict loyalty and determination to build Nvidia into one of the world’s leading companies. Nvidia neary fell apart on several occasions, but each time Huang bet everything on a new technology that turned out to be the ticket to the company’s success. Huang is seen as a visionary in Silicon Valley, and his company is at the forefront of most major breakthroughs in computer processing. Huang is known for his enthusiastic keynote addresses at annual Nvidia GTC conferences, as well as his love of black leather jackets and Denny’s, the fast food chain where the company was founded.
AMD stock forecast
Thursday’s rally has placed AMD stock in contention with the all-time high of $184.92 from January 25 just a month ago. Nvidia’s success in the AI sector has placed a premium on all stocks related to AI, so AMD could continue to tread higher on the market’s euphoria.
Support is provide by the 20-day Simple Moving Average (SMA) at $173 and the $162.50 level that has worked as support since January 18. That latter level helped AMD hold up just on Wednesday this week.
Importantly for bulls, AMD stock is not overbought yet despite Thursday’s spike. The Relative Strength Index (RSI) sits at 62 and gives the stock room to continue running until traders take profits off the table.
AMD stock forecast


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by Steve Adams | Jul 27, 2022
The new owner of the defunct Silver City Galleria in Taunton received approval to build a 651,076-square-foot warehouse and distribution facility for FedEx at the former shopping mall near Route 24.
by The Associated Press | Dec 30, 2020
Worcester residents who would be neighbors of Amazon’s proposed “last-mile” distribution facility continue to raise concerns surrounding traffic and noise.
by The Associated Press | Nov 30, 2020
A shuttered Massachusetts mall is being considered as a site to hold jury trials when they resume early next year, officials say.
by James Sanna | Nov 30, 2020
Worcester’s Greendale Mall won’t wind up as Central Massachusetts’ latest mixed-use destination, after all: Owner Finard Properties is proposing to replace it with a distribution facility, instead.
by The Associated Press | May 18, 2020
The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
by Banker & Tradesman | Nov 11, 2019
More Massachusetts retail plazas and malls will be losing longtime anchor stores by early next year as Sears Holdings Corp. closes 96 more Kmart and Sears locations across the country.


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Marketo launches digital marketing research institute; agency partner program
- 01 October, 2014 11:59
Marketo has formed a new research centre which it claims will provide marketing and industry insights as a benchmark to digital marketing leaders.
The vendor has also launched a partner program to help digital agencies deliver its marketing technology platform and services to their own clients.
The Marketo Institute will tap into anonymised data from the vendor’s marketing technology deployments across more than 3000 customers globally, to offer trend-based information around key topics such as marketing ROI, customer engagement and lifecycle, and marketing operations. Data being utilised includes geography, industry, campaign and segment intelligence.
In a statement, Marketo said data collected will span more than 12 million digital marketing campaigns, 900 million people and 224 billion activities from 36 countries and 20 different industries. The company will also conduct research in partnership with agencies, consultancy groups and research firms, to offer further insights to marketers.
“The mission of the Marketo Institute is to educate marketers and empower leaders for the new era of engagement marketing,” said co-founder and executive director of the Marketo Institute, Jon Miller, in a statement.
The vendor has also set its sights on working with higher education institutions to help create curriculum based on its research and best practices insights.
“The marketing classes in today’s universities and business schools don’t teach the new techniques and strategies required for today’s marketing,” Miller commented. “And without the right guidance, marketers are forced to rely on guesswork, tribal knowledge and trial and error to figure out what works.
“Marketers are hungry for data-driven benchmarks and actionable insights they can use to drive their future plans and determine the success of their current efforts.”
Initial research planned includes looking into the number of marketing touches that should occur before a customer makes a first purchase, as well as the mix of channels and devices brands are using to interact with customers at different stages of the customer journey.
Marketo also noted the Institute will provide an online community and in-person networking for CMOs, although further details on how this will function were not detailed.
In other news, Marketo is looking to ramp up third-party services and support for its marketing technology play and has established a global agency partner program. Under the program, participating digital agencies will work with the vendor on a joint digital marketing approach, have access to Marketo’s training and certification program and be able to tap into supporting services and pre-sales insights.
The vendor said 150 digital agencies had signed up as initial recruits including Australian companies.
In a statement, Babcock and Jenkins vice-president of strategy and partnerships, Lauren Goldstein, said partnering with Marketo will allow the group to bring together marketing automation technology with its content strategy for clients.
“This will help us to reach customers when, where and how it’s meaningful to them,” she said.
Marketo’s efforts to have digital agencies resell its marketing technology platform comes just weeks after Salesforce announced a global reseller agreement with Omnicom Group to adopt its full ExactTarget Marketing Cloud technology.
Under that agreement, Omnicom will provide clients with an end-to-end customer engagement strategy that taps into their own customer data.
Follow CMO on Twitter: @CMOAustralia, take part in the CMO Australia conversation on LinkedIn: CMO Australia, or join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+: google.com/+CmoAu


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An increase in demand for the energy-efficient lighting system, reduction in LED product costs, and ongoing smart city construction projects going around the globe are the major factors driving the growth of the Global LED Lighting Market in the forecast period.
New York, March 10, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global LED Lighting Market, By Type, By Application, By Installation Type, By End-Use, By Distribution Channel, By Region, Competition Forecast and Opportunities, 2026" - https://www.reportlinker.com/p06244070/?utm_source=GNW High-end investments made by leading authorities in research and development activities to find innovative solutions to lower the cost of LED lighting are creating lucrative opportunities for the growth of the Global LED Lighting Market.Organizations install LED lighting in their office premises to reduce electricity costs as LED lights are highly energy-efficient and consume less energy to provide maximum output. The growing disposable income of consumers enables them to afford a quality lifestyle and upgrade to adopt the latest technologies for their indoor lighting.Growing internet penetration and proliferation of smart devices and the rise in awareness about using smart connected lighting systems that consumers can control using mobile devices from remote locations is expected to create enormous potential for Global LED Lighting Market in the forecast period. However, lack of consumer awareness and using LED with incandescent fixtures may hinder the growth of the Global LED Lighting Market in the forecast period. The Global LED Lighting Market can be segmented based on Type, Application, Installation type, End-use, Distribution channel, and region.Based on application, the market is bifurcated into indoor lighting and outdoor lighting. The outdoor lighting is expected to hold the largest market share in the forecast period. The rise in the number of product launches, product innovations, and the increased expenditure by the government on improving the outdoor lighting system is driving the demand for outdoor lighting all over the globe. Signify N.V, Acuity Brands Inc., Osram GmBH, Seoul Semiconductor Co., Ltd., Zumtobel Lighting GmbH, General Electric Co, Fagerhult Group, Hubbell Incorporated, Everlight Electronics Co Ltd., Foshan Electrical & Lighting Co Ltd, Endo Lighting Corp, LSI Industries Inc., FW Thorpe Plc, Havells India Ltd, Dialight plc are the major players operating in the Global LED Lighting Market. Years considered for this report: Historical Years: 2016-2019 Base Year: 2020 Estimated Year: 2021E Forecast Period: 2022F-2026F Objective of the Study: • To analyze the historical growth in the market size of the global LED lighting market from 2016 to 2020. • To estimate and forecast the market size of global LED lighting market from 2021 to 2026F and growth rate until 2026F. • To classify and forecast the global LED lighting market based on type, application, installation type, end use, distribution channel, competitional landscape, and regional distribution. • To identify the dominant region or segment in the global LED lighting market. • To identify drivers and challenges for the global LED lighting market. • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global LED lighting market. • To identify and analyze the profiles of leading players operating in the global LED lighting market. • To identify key sustainable strategies adopted by market players in the global LED lighting market. The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe. Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors. Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the globe. The analyst calculated the market size of the global LED lighting market using a bottom-up approach, wherein data for various end use segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst. Key Target Audience: • LED lighting manufacturers/ distributors • Market research and consulting firms • Government bodies such as regulating authorities and policy makers • Organizations, forums, and alliances related to LED lighting The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Report Scope: In this report, the Global LED Lighting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: • Global LED Lighting Market, By Type: o LED Bulbs and Lamps o Batten Lights o Downlights o Others • Global LED Lighting Market, By Application: o Outdoor Lighting o Indoor Lighting • Global LED Lighting Market, By Installation Type: o Retrofit Installation o New Installation • Global LED Lighting Market, By End Use: o Commercial o Residential o Industrial • Global LED Lighting Market, By Distribution Channel: o Direct Sales o Retail • Global LED Lighting Market, By Region: o Asia-Pacific China India Japan South Korea Australia Singapore Vietnam o North America United States Canada Mexico o Europe Russia Germany France United Kingdom Italy o Middle East & Africa UAE Saudi Arabia Egypt South Africa Turkey Nigeria o South America Brazil Argentina Colombia Chile Competitive Landscape Company Profiles: Detailed analysis of the major companies present in the Global LED Lighting Market. Available Customizations: With the given Market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report: Company Information • Detailed analysis and profiling of additional market players (up to five). Read the full report: https://www.reportlinker.com/p06244070/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
On Wednesday, March 9, Amazon (AMZN) dropped a bombshell: For the first time since September 1999, the first time this century -- the first time this millennium -- Amazon will split its stock. And we're not talking a tiny 2-for-1 or 3-for-1 split, either. After watching its share price rise an astounding 4,000%-plus over the last couple decades, Amazon will need to split its $2,900 stock into much tinier pieces in order to get the per-share price down to a reasonable-seeming level. Accordingly,
Many retirees plan to earn extra income to supplement their retirement spending. But how much can a retired person earn without paying taxes? The answer to this question varies based on your situation. Understanding the tax rules surrounding retiree income can … Continue reading → The post How Much Can a Retired Person Earn Without Paying Taxes? appeared first on SmartAsset Blog.
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Berkshire Hathaway Inc on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce greenhouse gases, and improve diversity. The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security. Though Buffett's salary is low for a chief executive officer of a major company, his 16.2% Berkshire stake comprises most of his $117.9 billion net worth, which Forbes magazine said makes him the world's fifth-richest person.
The weirdest thing about Elon Musk and Grimes' relationship, and the thing that almost no one wants to admit, is that it's at least kinda cute. The CEO and Chief Engineer of SpaceX and Tesla and the musician born Claire Boucher are both polarizing figures, to be put it lightly. Musk presents himself as a creature of pure ID, one who can disrupt the stock market with a few tweets, while Grimes presents herself as a real-time anime character.
(Bloomberg) -- A Morgan Stanley trader is leaving the firm after racking up tens of millions of dollars in losses as a bout of market turmoil makes and breaks trading books across Wall Street.Most Read from BloombergUkraine Update: Kuleba Says Russian Talks Fruitless So FarRussia Devises Plan to Seize Firms Abandoned in Foreigner ExodusUkraine Update: Russia Targeting Airfields in Western UkraineRussia Bans Export of 200 Products After Suffering Sanctions HitTech Walls Off Russia Like Never Befo
Sometimes we can see more about the future of a young company based on what insiders do instead of what they say. That is why we will go through the ownership structure of SoFi Technologies ( NASDAQ:SOFI ), and see which insiders are serious about the long-term future of the company.
Yahoo Finance Live’s Jared Blikre and Akiko Fujita discuss Chinese tech stocks as they face their worst week in a year.
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Ted Oakley, Oxbow Advisors Managing Partner, and Michael Vogelzang, CAPTRUST CIO, join Yahoo Finance Live to discuss the Fed, inflation, and the outlook for markets.
The Fed appears set to raise interest rates next week for the first time since 2018. With inflation now at nettlesome levels and still climbing, the so-called "Fed put" is out of action, one economist said.
Too many investors have been a little too aggressive with their selling of late, setting the stage for major rebounds.
The rouble has lost a third of its value in Moscow exchanges since Russia invaded Ukraine last month, as the local economy buckles under the pressure of sanctions imposed across the world in retaliation for the invasion. President Volodymyr Zelenskiy said Ukraine had reached a "strategic turning point" in the conflict with Russia, but Russian forces bombarded cities across the country in what Moscow refers to as a "special operation," and appeared to be regrouping for a possible assault on the capital Kyiv. On Friday, U.S. President Joe Biden joined allies to hit Moscow on trade and shut down development funds, and announcing a ban on imports of Russian seafood, vodka and diamonds.
Alibaba (BABA) American depository shares closed at 52-week lows following JD.com's (JD) quarterly print, and amid renewed worries over Chinese ADRs delistings off US exchanges.
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Yahoo Finance's Alexandra Semenova joins the Live show to discuss investors pouring into Cathie Wood's ARKK Innovation ETF despite losses.
LONDON (Reuters) -Confiscating the assets of companies that have fled Russia since the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the calamitous days of the 1917 Bolshevik revolution, metals magnate Vladimir Potanin has said. Potanin, president and biggest shareholder of Norilsk Nickel, the world's largest producer of palladium and refined nickel, said Russia should respond with pragmatism to its exclusion from swathes of the global economy. "We should not try to 'slam the door' but endeavour to preserve Russia's economic position in those markets which we spent so long cultivating," Potanin, 61, said on the Telegram messaging app.
UPDATED: On the cusp of spinning off WarnerMedia — ending AT&T’s ill-fated foray into the entertainment biz — telco chief CEO John Stankey touted the company as getting into fighting shape to succeed in its core wireless and broadband sectors. AT&T released updated financial guidance on Friday ahead of its investor day presentation, fleshing out […]
AT&T offered new financial targets for its telecom operations after it divests WarnerMedia and gets out of the digital-entertainment realm, including cutting its legacy copper network in half by 2025, allowing it to expand its use of 5G and fiber.


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Trucking firm targets Vandalia for regional hub
- Jacob Dirr
- DBJ Staff Reporter
A Missouri-based trucking company is hiring dozens of drivers locally for what could be a trucking hub in the Dayton area.
Prime Inc., which decided in April to start laying the groundwork for a possible terminal here, could hire as many as 200 local drivers, said Allie Peters, a Prime employee recruiter.
"The time has come for expansion," Peters said. "We need a safe haven for our trucks; we have so much freight going into the Northeast."
The expansion could result in the opening of a multi-building facility, but Prime and local government officials said that a deal has not been reached.
John Hancock, Prime's director of training and driver recruiting, said he visited Vandalia several months ago with a "heavy intention" of opening up a facility, but is directing his energy to a project in Pennsylvania that is underway.
The company currently has several advertisements posted on local job-hunting Web sites seeking full-time drivers in the Dayton area.
Peters said she holds employee orientation meetings twice a week, averaging four to five new hires every week.
Along with the drivers being hired in the Dayton area, the company could move a handful of employees, such as dispatchers, from the corporate office.
Rob Anderson, Vandalia assistant city manager, said he talked with Hancock several months ago, but had not heard back after following up.
"Anytime anyone wants to come to Vandalia it's a good thing," Anderson said. "We will do anything we can help them get started."
Anderson said Prime had expressed interest in a former USA Trucking building on Industrial Park Drive, which is visible from Interstate 75.
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South Africa’s FNB and Capitec, both JSE listed, roared into the top 10 of the world’s strongest brands, according to Brand Finance’s Banking 2024 report released on Wednesday.
Brand Finance, the world’s leading brand valuation consultancy, on Wednesday released its Banking 2024 ranking, which includes the world’s top 500 most valuable and strongest banking brands.
Brand Finance’s research indicated that local and regional banks were performing as well as – and, in many cases, outperforming – global banks in terms of positioning their brand in the hearts and minds of customers.
Indonesia’s BCA was the world’s strongest banking brand with a Brand Strength Index score of 93.8/100 and elite AAA+ rating. Three African brands, Equity Bank ,92.46, South Africa’s FNB, 92.29, and Kenya Commercial Bank ,91.47, all ranked among the top five strongest banks, while South Africa’s Capitec was ranked seventh at 89.08.
Jeremy Sampson, the chairperson of Brand Finance Africa, said: “These rankings are based on global best practice, are ISO compliant and show the strength of local African brands from South Africa and Kenya. FNB and Capitec continue to dominate from a South African perspective and are to be heartily congratulated. Nigerian banks have suffered as a result of the slippage in the value of the naira against other currencies. Access Bank had the added sad loss of their highly respected CEO in a plane crash in the US.”
FNB offers the brand promise of “How Can We Help You?”
"We are committed to being your trusted partner in your life journey,“ it says on social media platform X.
On X, Capitec says: “Join the bank that believes banking should be simple.”
Most valuable banks globally
The report said the combined value of the world’s top 500 most valuable banking brands had reached a record level of $1.44 trillion (R27 trillion), almost double what it was a decade ago.
The report found that the Chinese banking sector demonstrated a notable recovery, with the “big four” banks remaining well ahead of their US counterparts. ICBC (Industrial and Commercial Bank of China) maintained its position as the world’s most valuable banking brand for the eighth consecutive year, boasting a 3% rise in brand value to $71.8 billion. China Construction Bank, Agricultural Bank of China, and Bank of China secure second, third, and fourth positions respectively, following single-digit percentage increases in each of their brand values.
Despite experiencing a minor decline (4%) in brand value, Bank of America retained the title as the leading US banking brand for the fourth consecutive year, and is ranked fifth position overall, boasting a value of $37.3bn. Meanwhile, Wells Fargo, positioned sixth overall, was narrowing the margin with its American competitor, marking a 9% increase to achieve a brand value of $35.8bn.
David Haigh, the chairperson and CEO of Brand Finance, said: “As the world’s top banking brands reach new heights, China’s mega-banks continue to dominate at the top of the brand value ranking. Another key insight from our 2024 data is that local banks increasingly outshine their larger counterparts in brand strength. Dominant brands thrive in singular markets with limited competition, while banks expanding into multiple markets may successfully augment their brand value but risk diluting brand strength.”
Only 11 of the top 50 countries experienced decreases in aggregate value, led by Russia (69%), Malaysia (20%), and Nigeria (14%). Unsurprisingly due the international sanctions imposed on Russia, the country’s two largest bank brands – VTB and SBER – have suffered the biggest falls in brand value by percentage, with 91% and 63% plunges, respectively.


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The Oakland Elementary PTO is excited to announce its second annual “Wildcat Wonderland Holiday Market,” which will be held on Saturday, November 3, from 10:00 am to 3:00 pm at the school 4455 Waterside Estates Drive, Richmond.
The market will feature more than 75 vendors, raffle items, entertainment by the Oakland Elementary School Choir, Hand Chimes Group, and other performers, and fun activities for the entire family. Admission is only $2 for adults, and kids get in free.
All adults will receive a free raffle ticket with admission and have the opportunity to purchase additional raffle tickets for $1 each. Each vendor will donate an item to be raffled throughout the day. Market guests will place their raffle tickets in bags representing the items they would like to win. Individuals do not have to be present to win prizes.
For more information, please contact Jamie Ferguson, market coordinator, at 713-301-9328 or by email at firstname.lastname@example.org.


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Rumours mount that overseas buyers may snap up BHS, with tycoon Wiese top of the list
Rumours have stepped up that overseas buyers are looking at BHS and hope to tempt Sir Philip Green to sell the department store chain.
Christo Wiese, South Africa's third richest man is at the top of the list of suitors, while US private equity chain Apollo and other retail specialists are also said to be interested.
The BHS interest was reported in the Sunday Times today following Financial Mail on Sunday's revelation two weeks ago that Mr Wiese was interested.
Old favourite: BHS is being looked at by foreign buyers
He later publicly confirmed his interest in making UK retail acquisitions.
Sir Philip Green's empire also includes Topshop and Topman, Burton and Dorothy Perkins. He bought BHS for £200 million in 1999.
The chain has been weighed down by expensive leases and a pension fund deficit but is still a force on the high street with 180 stores and annual sales of £700 million.
Financial Mail on Sunday reported that Wiese has set up a team in the UK led by former Asda chief executive Andy Bond. Pepkor representatives have already visited the UK to review acquisition targets.
It is understood Poundstretcher and Poundworld are on the list too. Sources said Wiese or his team have spoken to both, although all parties declined to comment on the report.
Takeover targets: The revelation by the Mail on Sunday
The 72-year-old is listed by Forbes magazine as the third richest man in South Africa with a personal fortune of £2.2billion. Pepkor includes the chains Ackermans, Best & Less and Pep among others.
The group employs 30,000 staff in 3,100 stores and describes itself as a high volume, lower margin’ retailer.
Wiese has operated a number of UK firms including Poundstretcher and the Brown & Jackson group, which owned What Everyone Wants, Your More Store and The Famous Brunswick Warehouse. Poundstretcher is now owned by Leicester brothers Rashid and Aziz Tayub.
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Adobe will offer users of its online photo editing, managing and sharing Web site a new option beginning November 11 — storage.
On that date
Photoshop.com users will be able to choose among three online storage options: 20GB is available for $19.99 a year; 40GB is available for $39.99 a year; and 100GB is available for $99.99 a year.
Adobe will add several other new features to the service on November 11. The company said they will add the ability to import Google GMail, MSN Hotmail, and Yahoo Mail address books. Users will also receive regular updates on what friends post on Photoshop.com. You can go to “Browse” and click on their favorite gallery or album to add friends and be notified as soon as they publicly post new photos.
The updates on the site will go live in one week.