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J&J shares drop despite topping profit estimates
Johnson & Johnson shares dropped Tuesday, despite the health care bellwether boosting its third-quarter profit 27 percent. Investors apparently are worried about unexpectedly early competition to the company’s longtime top seller.
The New Brunswick-based maker of Band-Aids, medical devices and prescription drugs beat Wall Street’s expectations, maintained its 2016 revenue forecast, raised the lower end of its profit forecast and said it’s on track for the approval and launch of 10 new medicines between 2015 and 2020.
But on a conference call after the results were released, analysts peppered J&J executives with questions about how it will prevent Pfizer Inc.’s Inflectra from siphoning off sales of J&J’s biologic immune disorder drug Remicade, which has earned J&J tens of billions of dollars since its 1998 launch.
On the eve of J&J’s results announcement, Pfizer said Monday it will launch a near-copy of the injected biologic drug, called a biosimilar, in late November in the U.S.
Many analysts didn’t expect that competition until 2018 because Pfizer and J&J are still fighting in the courts over whether the U.S. patent protecting Remicade’s monopoly is still valid, said Edward Jones analyst Ashtyn Evans. If Pfizer loses that litigation, it could have to pay J&J three times the U.S. profits it makes on Inflectra, she noted.
Investors are “beginning to price in the competition” to Remicade, driving down J&J’s price, Evans said.
In Tuesday trading, J&J shares fell $3.08, or 2.6 percent, to $115.41, as the broader markets rose.
Remicade, for treating rheumatoid arthritis, psoriasis, Crohn’s disease and colitis, is one of J&J’s most profitable drugs, with sales of $5.34 billion in the first three quarters.
Inflectra will be priced 15 percent less than Remicade’s roughly $2,600 monthly list price and is sure to cut into Remicade sales, as biosimlars have already done in Europe and Canada.
J&J executives told the analysts that about 70 percent of patients taking Remicade are doing well and unlikely to change drugs, the company has a strong patient assistance program and it’s offering sizeable discounts to insurers.
“I think on top of market share loss you’re going to see lower prices” offered on Remicade as many new patients opt for Inflectra due to the lower price, Evans predicted.
The world’s biggest maker of health care products on Tuesday reported net income of $4.27 billion, or $1.53 per share, up from $3.36 billion, or $1.20 per share, in 2015’s third quarter. Restrained spending and soaring prescription drug sales more than offset a dip in consumer product sales.
Adjusted earnings, which exclude one-time items, amounted to $1.68 per share, 3 cents better than analysts expected.
The company posted revenue of $17.82 billion in the quarter, up from $17.1 billion a year ago and above the $17.72 billion analysts expected.
Sales of prescription drugs, J&J’s largest business, jumped 9.2 percent to $8.4 billion, led by $1.8 billion for Remicade. Xarelto, for preventing strokes and heart attacks, saw sales jump 15 percent to $529 million in the quarter, while sales of biologic psoriasis drug Stelara soared 33 percent to $814 million and sales of new leukemia and lymphoma treatment Imbruvica nearly doubled to $349 million.
Medical device sales edged up 1.1 percent to $6.16 billion, while sales of consumer health products such as Tylenol and Motrin pain relievers fell 1.6 percent to $3.26 billion.
Johnson & Johnson said it expects full-year adjusted earnings in the range of $6.68 to $6.73 per share, up from its July forecast of $6.63 to $6.73 per share. It affirmed its earlier forecast for revenue of $71.5 billion to $72.2 billion.


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The enigmatic world of cryptocurrency has captivated the attention of both enthusiasts and skeptics alike. Amidst this fervor, Coinbase, one of the leading digital currency exchanges, has found itself under scrutiny by experts who question its practices and policies. In an exposé titled ‘Experts Coinbasebreland Motherjones,’ this article delves into the concerns raised by these experts, shedding light on the lack of transparency in Coinbase’s decision-making process and its inconsistency in listing and delisting cryptocurrencies.
Coinbase’s opaque decision-making process has been a point of contention amongst industry insiders. Critics argue that the lack of transparency undermines confidence in the platform, making it difficult for users to trust their investments. Moreover, there is a perceived inconsistency and lack of clarity when it comes to listing and delisting cryptocurrencies on Coinbase. This raises questions about whether certain coins are being favored or discriminated against based on undisclosed criteria. As experts voice their concerns about these practices, they highlight the need for more transparency and accountability from Coinbase.
In analyzing Coinbase’s customer support, another area of concern emerges. Users have reported issues with receiving timely assistance or resolution for their problems. This lackluster customer support experience further erodes trust in the platform and raises doubts about its ability to handle potential issues effectively. Consequently, there is growing demand from users for improved customer service standards at Coinbase.
As we delve deeper into this investigation into ‘Experts Coinbasebreland Motherjones,’ it becomes imperative to understand how these concerns raised by experts impact not only Coinbase but also the future trajectory of digital currency exchanges as a whole. The implications extend beyond one company as they affect investors’ perception of fairness and reliability within the trading environment. A fair and trustworthy exchange is essential not only for individual freedom but also for fostering wider adoption of cryptocurrencies as a legitimate asset class.
In conclusion, this article seeks to provide an objective analysis of experts’ criticisms towards Coinbase’s practices and policies as detailed in ‘Experts Coinbasebreland Motherjones.’ By examining the lack of transparency in decision-making, inconsistency in listing and delisting, issues with customer support, and the call for more transparency and accountability, readers can gain insights into the challenges faced by digital currency exchanges. Ultimately, this exploration aims to shed light on the importance of a fair and trustworthy trading environment that resonates with individuals’ subconscious desire for freedom.
Lack of Transparency in Decision-making Process
The lack of transparency in Coinbase’s decision-making process raises concerns about the company’s commitment to accountability and potentially undermines trust in their operations.
Transparency challenges within the company’s decision-making process are evident, as there is limited information available regarding how decisions are made and what factors are taken into consideration.
This lack of clarity leaves users and stakeholders in the dark about the reasoning behind certain actions or policies implemented by Coinbase.
Furthermore, flaws in their decision-making process become apparent when considering the recent controversies surrounding delistings and restrictions on certain cryptocurrencies.
Without a clear understanding of the criteria used to make these decisions, it becomes difficult for users to trust that Coinbase is acting in their best interest or operating with integrity.
The absence of transparent decision-making processes not only hampers accountability but also inhibits user confidence, making it imperative for Coinbase to address these shortcomings if they wish to maintain trust among their customer base.
Inconsistency and Lack of Clarity in Listing and Delisting Cryptocurrencies
Inconsistency and lack of clarity surrounding the listing and delisting of cryptocurrencies is a prevalent issue that has yet to be effectively addressed. Transparency concerns arise as market participants are left in the dark about the criteria and decision-making process used by platforms like Coinbase to determine which cryptocurrencies are listed or delisted.
This lack of transparency not only hampers trust in these platforms but also raises questions about potential conflicts of interest or biases at play. The impact on market stability cannot be understated, as sudden delistings can result in significant price volatility and investor losses.
Additionally, the lack of clear guidelines regarding listing requirements creates an environment where seemingly arbitrary decisions can be made, leading to confusion among investors and hindering the growth of the cryptocurrency market.
To address these concerns, it is crucial for platforms like Coinbase to provide more transparency in their decision-making processes, establish clear criteria for listing and delisting cryptocurrencies, and ensure that these processes are consistently applied to foster a more stable and trustworthy market ecosystem.
Issues with Coinbase’s Customer Support
One major concern that has been highlighted in relation to Coinbase’s operations is the alarming lack of efficient and reliable customer support, which has generated frustration and dissatisfaction among users.
This issue is particularly concerning as it directly impacts customer satisfaction levels and can have a significant impact on cryptocurrency market stability.
Some key issues with Coinbase’s customer support include long response times, automated responses that fail to address specific concerns, and a lack of transparency regarding the status of user inquiries.
These problems not only hinder users from receiving timely assistance but also create a sense of uncertainty and mistrust in the platform.
As cryptocurrency trading becomes increasingly popular, it is crucial for exchanges like Coinbase to prioritize providing exceptional customer support to ensure a positive user experience and maintain market stability.
Calls for More Transparency and Accountability
Surprisingly, despite its claims of being a reputable and trustworthy platform, Coinbase has faced growing demands for increased transparency and accountability in its operations. This call for more transparency stems from concerns regarding the impact Coinbase’s practices may have on the cryptocurrency market as a whole.
As one of the largest cryptocurrency exchanges globally, any actions taken by Coinbase can significantly influence market trends. Therefore, there is an increasing demand for stricter regulations to ensure fair practices and prevent any potential manipulation or unfair advantages within the market.
By addressing these calls for regulation and providing more transparency, Coinbase could potentially enhance trust among users and contribute to a healthier and more stable cryptocurrency ecosystem.
Perspectives of Experts on Coinbase’s Practices and Policies
Scholars and industry analysts have offered diverse perspectives on Coinbase’s practices and policies, highlighting the need for a comprehensive evaluation of the platform’s impact on the cryptocurrency market.
The lack of regulatory oversight has been a concern raised by many experts, as it allows Coinbase to operate without clear guidelines or accountability measures. This raises questions about the potential risks and vulnerabilities associated with its operations.
Additionally, experts have discussed how Coinbase’s practices may influence the broader cryptocurrency market. Some argue that its dominant position in the industry gives it significant influence over prices and market trends, potentially leading to a lack of fair competition.
Others contend that Coinbase’s user-friendly interface and accessibility have played a crucial role in driving mainstream adoption of cryptocurrencies, contributing positively to their overall growth.
Overall, these perspectives highlight the importance of critically analyzing Coinbase’s practices and policies to fully understand their impact on both individual users and the cryptocurrency market as a whole.
Implications for the Future of Coinbase
The future of Coinbase holds significant implications for the development and regulation of the cryptocurrency market, as its continued growth and influence may shape the landscape of digital assets and their mainstream adoption.
As one of the largest and most well-known cryptocurrency exchanges, Coinbase has played a crucial role in facilitating the buying, selling, and storing of various cryptocurrencies. Its success has attracted a large user base and institutional investors, leading to increased liquidity and market capitalization for digital assets.
However, this rapid growth also brings regulatory challenges that Coinbase must navigate in order to maintain its position in the market. With governments around the world grappling with how to regulate cryptocurrencies, Coinbase will likely face increasing scrutiny from regulators seeking to protect consumers and prevent illicit activities such as money laundering or fraud.
How Coinbase responds to these regulatory challenges will not only determine its own future but also influence how other cryptocurrency exchanges operate.
The Importance of a Fair and Trustworthy Trading Environment
An essential aspect of cryptocurrency exchanges such as Coinbase is the establishment of a fair and trustworthy trading environment, which ensures the integrity of transactions and instills confidence in users.
Transparency concerns are prevalent in the cryptocurrency industry, as users need assurance that their funds are being handled with utmost care.
Coinbase recognizes this need and has implemented measures to address these concerns.
By providing transparent information about fees, security protocols, and regulatory compliance, Coinbase aims to build trust among its users.
Moreover, customer satisfaction is crucial for the success of any exchange platform.
Coinbase strives to provide excellent customer service by offering prompt responses to user queries and complaints.
This commitment to customer satisfaction enhances the overall trading experience on Coinbase and encourages users to continue utilizing the platform for their cryptocurrency needs.
Frequently Asked Questions
How does Coinbase’s lack of transparency in decision-making affect the overall trustworthiness of their platform?
Coinbase’s lack of transparency in their decision-making process undermines the platform’s overall trustworthiness. Without clear communication and visibility into how decisions are made, users may question the integrity and fairness of Coinbase’s actions.
What are some examples of cryptocurrencies that have been inconsistently listed or delisted by Coinbase?
Several cryptocurrencies have experienced inconsistent listings or delistings by Coinbase, raising transparency concerns. These instances highlight the need for greater clarity in decision-making processes to ensure trustworthiness and address the subconscious desire for freedom among users.
Can you provide any specific instances where Coinbase’s customer support has failed to address user issues effectively?
Instances of Coinbase’s customer support failing to effectively address user issues can be found in various online forums and social media platforms. Users have reported delays in response times, lack of transparency in decision-making processes, and unresolved complaints.
What specific measures have been proposed to increase transparency and accountability within Coinbase?
To increase transparency and accountability within Coinbase, various measures have been proposed. These include regular public reporting of key metrics, independent audits, enhanced customer support protocols, and the establishment of an oversight committee to monitor company practices.
What are the potential long-term consequences for Coinbase if they do not address the concerns raised by experts regarding their practices and policies?
The potential consequences for Coinbase if they fail to address concerns raised by experts regarding their practices and policies may include loss of customer trust, regulatory scrutiny, damage to reputation, and reduced market competitiveness.
In conclusion, the lack of transparency in Coinbase’s decision-making process and its inconsistency and lack of clarity in listing and delisting cryptocurrencies have raised concerns among users and experts alike. The issues with Coinbase’s customer support further add to the frustration experienced by customers. Calls for more transparency and accountability within Coinbase have been made, highlighting the need for a fair and trustworthy trading environment.
Experts have provided valuable perspectives on Coinbase’s practices and policies, shedding light on the potential implications for the future of this cryptocurrency exchange. It is clear that improved transparency and consistency are crucial for Coinbase to maintain trust among its users and the wider cryptocurrency community. Without these elements, doubts about fairness and integrity may persist.
As we navigate the ever-evolving landscape of digital currencies, it is imperative that exchanges like Coinbase prioritize transparency, accountability, and customer support. This will not only enhance user experience but also contribute to establishing a more stable cryptocurrency ecosystem. By addressing these concerns head-on, Coinbase can position itself as a leader in promoting trustworthiness within the industry.

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We are once again back with roundup of this week’s tech news. A lot of interesting things happened last week. Apple launched new security feature for unlocking whereas SpaceX successfully launched its third Falcon 9 in just two weeks. Apple started to expand its roots in Asia and Amazon’s amazing Alexa passed 15k skills. Here are the news articles in details:
Apple’s Asia Expansion!
The good news for Apple fans in Taiwan has arrived! The popular mobile maker has opened its first store in the state and obviously fans queued for 68 hours to get their hands on the products. The fancy store will sell products, offer repairs, and also offer access to ‘Today at Apple’.
The exact numbers are not known but still Apple is consistently among the top 5 smartphone sellers in Taiwan with 15% market share. The company is also planning to expand its stores in India. Complete post
SpaceX’s third Falcon 9 in two weeks!
The news is that the SpaceX launched third Falcon 9 successfully in two weeks after the launch of first and second Falcon 9 on 23rd and 25th June. The Intelsat 35e mission involved launching an orbital communications satellite built by Boeing for SpaceX client Intelsat, which is designed to provide high-throughput network capability for broadband and video applications for a geographic area covering the Caribbean, parts of Europe and Africa.
After half an hour launch, Intelsat 35e was successfully deployed to its geostationary transfer orbit that means it’s an overall mission success for SpaceX. Detailed post here…
Alexa passed 15000 skills!
The third party analysis from Voicebot reported that Amazon’s voice platform Alexa has passed 15000 skills which were recently up from 10000 in February. According to Voicebot, the mark was reached on 30 June and new skill introduction increased by 23% in June.
The number of available skills is an important metric for tracking Amazon’s success in the voice computing space. Amazon is currently the leader in voice- powered devices ahead of Google Home, Lenovo, L.G and others. Now, the question is that “Who is near to Alexa’s 15000 skills?”See more…
Apple’s New Security Feature!
The newest rumour about Apple is that it is going to launch new 3D face scan unlocking technology. It is also being said that Apple is buying ton of 3D cameras for upcoming devices.
Apple is looking for something big for its 10th anniversary phone and the 3D sensing aspect would also help improve the technology over many existing solutions. However, the face scanning technology is “still being tested and may not appear with the new device. Read more
That’s it for all top tech news of this week. We will be back with hottest and excited stuff of tech news for next week. So stay tuned stay digital!


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Kontoor Brands said it’s showing signs of recovering from the economic impacts of the ongoing coronavirus pandemic.
The North Carolina-based lifestyle and denim brands company reported third quarter net revenues were $583 million, a 9 percent decrease from $638 million last year. It made a $60.8 million profit for the quarter compared to $14.5 million in the third quarter last year, and its adjusted earnings per share also rose, to $1.33 from $0.95 last year.
For the three-month period ending Sept. 26, Wrangler’s revenues were $347 million, a roughly 6 percent drop. The brand’s U.S. revenue increased 2 percent, thanks in part to what the company said was a shift of $33 million in shipments from the second quarter to the third. Lee brand’s revenues decreased 8 percent to $214 million, though its U.S. revenues increased 10 percent.
Kontoor’s overall U.S. revenues for the quarter stayed flat to last year, at $455 million. Kontoor said that while it continued to feel the effects of COVID-19 on its international business, with international revenue down about 30 percent to $128 million, its businesses in China and Europe have shown signs of recovery over the quarter and are projected to continue on that trajectory.
However, the pandemic continues to surge in waves, with between 70,000 to 80,000 new daily cases now reported in the U.S., according to the Johns Hopkins case tracker, and France and Germany implemented more lockdowns to curb the swell of cases, and the uncertainty of the toll of the virus continues.
Pajama Fashion: Sleepwear Trends Over the Years
“Our strategic actions delivered strong results in the quarter and are enhancing the Kontoor operating model focused on more profitable and sustainable long-term growth,” said Scott Baxter, president and chief executive officer.
“Investments in our brands, people and partnerships drove significant sequential top line improvement, while restructuring, quality-of-sales initiatives and accretive mix shifts supported solid gross margin increases,” he said. “And, importantly, our robust cash flow generation allowed us to continue to aggressively pay down debt, while also providing the opportunity to reinstate a quarterly dividend in the fourth quarter of 2020, a key tenet of our total shareholder return model.
“Our accomplishments during the third quarter are a direct reflection of our colleagues’ incredible efforts, and I want to thank them for their tremendous contributions throughout these dynamic times,” he said.
Source: Read Full Article


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Council leaders today said controversial plans to relocate a sawmill to the outskirts of a Shropshire town, creating up to 30 jobs, is a major boost for the county economy.
Hales Sawmills was granted permission to develop on the Adderley Road Industrial Estate in Market Drayton, despite objections from several quarters. Councillors said the plan was good news for the town.
Norton-in-Hales and Adderley parish councils had objected to the scheme after raising concerns about the impact it would have on people living nearby.
The unitary authority also received letters of objection from residents, the Shropshire Union Canal Society and the Shrewsbury & North Wales Branch of the Inland Waterways Association.
Sawmill company bosses said their current site was no longer large enough for the business and is restricting its growth and development.
The plans were approved by Shropshire Council’s north planning committee in Wem.
Members praised the scheme for creating new jobs.
It also includes the creation of a saw mill, treatment building, shop and offices, a workshop, store and a drying kiln.
Keith Barrow, leader of Shropshire Council, said: “One of the top priorities for Shropshire Council is economic growth and prosperity, and to have strong market towns.
“This investment in Market Drayton will provide a major boost to the town and to the local economy and is helping to complement the £425,000 investment we are making through our Market Town Revitalisation Programme.”
David Minnery, a Shropshire councillor for Market Drayton West, said: “I am delighted to see that we have again been able to support local businesses as they grow, as this will increase employment opportunities in the town.”
Roger Hughes, also a Shropshire councillor for Market Drayton West, added: “This is especially good news, being a major step in the growth of a long-established local family business.”
Shropshire Council said over the past year it has been working closely with the company.
This has included providing pre-application planning support and ensuring that the application was ‘fast tracked’ through the planning process.


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Yes, Amazon is the world’s largest online retailer. It made its name selling books and DVDs and so many other physical goods. But somewhere along the way, as the company worked to build new technologies that would make it easier to run its vast retail operation, Bezos and the rest of the braintrust realized that if Amazon and its partners needed new technology, so did the rest of the world. The result was the Elastic Compute Cloud and various other Amazon Web Services that would make it easier for anyone to run their own operations — whatever those operatons might be, reports Wired Enterprise‘s Cade Metz in “The Cult of Amazon: How a Bookseller Invented the Future of Computing.”
With EC2, you can use all that computing power to run just about any software application you like, including a website such as Instagram or Pinterest, or a banking application that simulates credit risk, or a research tool that analyzes the human genome. Rather than loading your software on physical computer servers you’ve set up in a closet or a data center, you can load it onto virtual servers you’ve set up in your web browser. And whenever you need more virtual servers, you can have them.
The service debuted in August 2006, just after a complementary offering called S3, which let you store vast amounts of computer data without setting up your own hardware. Six years later, these and other Amazon Web Services run as much as 1 percent of the internet.
But more than that, these services have changed the way we think about computing. In the years since the launch of EC2, the likes of Google and Microsoft and HP and Rackspace have launched similar services, and there are countless other outfits offering to help you build your own EC2.
As the company holds its first conference dedicated to Amazon Web Services (AWS), this still seems like an odd success story for an online retailer. But you can see Amazon’s corporate culture reflected in these seminal creations. And though some say Amazon will struggle to fend off competition from Google and Microsoft, the company is remarkably well suited to playing the cloud game, Metz writes.
And cloud rivals do not have the momentum:
Google and Microsoft released beta versions of similar cloud services in 2008 — Google App Engine and Windows Azure — but these big-name competitors failed to completely grasp what made EC2 so successful. App Engine and Azure tried to make it easier to run software in the cloud, but in doing so, they restricted what developers were able to do. The learning curve was steeper, and the public never really embraced them in the same way.
With the AWS conference set, it came as no surprise that Google would flex its cloud muscle as it did on Monday with price cuts and service improvements for its infrastructure-as-a-service (IaaS) product Compute Engine, launched as a preview in June.
Can Google overtake Amazon as the king of the cloud, or is Amazon more tuned into what the people want — and simply too far ahead to catch?Go Back to Top. Skip To: Start of Article.


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BetMGM, which offers online sports betting, teamed up with Intersection, an OOH technology company, to produce a digital outdoor advertising campaign to reach sports fans attending events at MetLife Stadium.
NJ Transit’s signage and advertising were rebranded to accommodate a new rail line that goes directly to MetLife along with print and digital ads. The exact financial agreement was not provided.
“Our goal with this partnership with NJ Transit was to increase BetMGM brand exposure and further strengthen our strong relationship with the state of New Jersey, where BetMGM is headquartered,” said Matt Prevost, chief revenue officer at BetMGM. “We see huge value in creative OOH placements and think these particular OOH ads are innovative.”
In strategically placed high-traffic areas around the Secaucus Junction in New Jersey, the OOH displays will feature large format media, including huge rotunda banner panels, glass panels, stair risers and extensive digital screen coverage that will feature 74 non-interactive screens, three interactive transit kiosks, a large-format video wall, and a new LED screen that will be installed in the rotunda in a matter of weeks.
“BetMGM was looking for a first-to-market, outside-of-the-box solution that would break through the clutter,” said Scott Goldsmith, president and chief operating officer at Intersection. “They wanted massive visibility at Secaucus Junction, which is the transfer point to MetLife Stadium, home of the Jets and Giants.”
As part of the three-year partnership, NJ Transit will highlight Intersection partnership’s branding including its website, directional signage at Secaucus Junction, NJ Transit’s app, NJ Transit stations, and NJ Transit maps. “During the months where BetMGM is active with media, some formats are statewide such as interior car cards, two-sheets, and digital while other elements are centered around the Secaucus Junction Domination,” said Goldsmith.
It is unclear how much of Intersection’s advertising budget is allocated to this campaign, as Goldsmith and Prevost declined to share overall budget specifics. According to Pathmatics data, Intersection spent $279,900 so far this year on advertising efforts while BetMGM spent a little over $24 million. Goldsmith did say that 90% is allocated to static advertising, and 10% is dedicated to digital OOH.
As the NFL season continues and travel is back to pre-pandemic levels, brands are taking advantage of the situation in their own way. Among them: Shimmy’s partnership with Gillette Stadium, PepsiCo’s Instacart campaign, Listerine’s outdoor advertising campaign, and ESPN’s fantasy football campaign.
“This feels like a natural extension of the out-of-home activations and naming rights agreements that sports fans are accustomed to with stadium naming sponsorships,” said Amanda Thurston, partner at Prophet, a growth strategy consulting firm. “Well-executed signage and advertising messaging can serve as a continuation of the stadium experience, building excitement for event attendees as they travel, be it by train or car.”
Goldsmith concluded that Intersection hopes to continue the industry-leading sponsorship program at NJ Transit and other transit authorities across the United States. “The BetMGM and NJ Transit agreement is a prime example of how Intersection can generate meaningful, non-farebox revenue for our transit authority partners, which off-sets operating costs and create one-of-a-kind experiences for our advertising partners,” Goldsmith said.
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Arm & Hammer enlists TikTok influencers to help millennials, Gen Z with holiday laundry
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The shoe store chain is doing so in order to strengthen the relationship between the company, its employees and its consumers, all while celebrating and driving sneaker culture globally.


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A slew of eager entrepreneurs have launched food businesses in the city in recent years, finding surprisingly fertile ground in a town better known for white-collar industries and retail. Supermarket chains such as Whole Foods have been willing to give shelf space to local and niche products. Farmers’ markets have proliferated, providing another sales outlet. And in the wake of the housing-market crash and recession, food startups could more easily find the space and labor they needed to sprout. Food manufacturers employed 16,000 New Yorkers in 2014, up 16% from 2009.
But many have struggled with scaling up, which can be imperative to their survival. Experts cite a variety of factors, but the one commonly associated with failure—a shortage of customers—is not one of them. Rather, the real estate market has bounced back, driving up rents as residential developers, hotels and businesses such as bowling alleys, self-storage warehouses and rock-climbing centers have competed for industrial properties. The labor supply has tightened. And fledgling food-makers inevitably confront the city’s confounding regulatory environment and other challenges they are ill prepared to handle.
As a result, despite loyal and growing customer bases, many move out of the city or simply fail, as writer Cara Eisenpress documented in a Crain’s cover story last week. One bakery in the gentrifying Brooklyn neighborhood of Bedford-Stuyvesant had lines out the door but was losing money for lack of a facility that could sustain a catering business. A $10,000 fine from the city’s Department of Health for a grease-trap violation didn’t help. The popular business closed in 2015 after a five-year run.
Government can fill this private-sector void—namely, a paucity of co-packing facilities that small food businesses require to fill midsize orders. The few co-packers in the city typically have substantial minimums—several times larger than a young business can commit to without major risk. The city’s Economic Development Corp. last year requested proposals for a more flexible operator. It is negotiating with a respondent.
The EDC also has incubators for young food businesses and connects entrepreneurs with other agencies and information sources, including neighborhood-based nonprofits with city contracts. Would it be better if the industry could thrive on its own? Of course. But some of the obstacles it must overcome are imposed by government—picayune regulations, overzealous enforcement, zoning loopholes and policies that drive up the price of market-rate housing. Given that, it is only fair that city officials do something to maintain a path to prosperity for entrepreneurs whose businesses provide quality jobs and products for New Yorkers.—THE EDITORS


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Salons have been warned against offering black market cuts as many continue to pay home visits during the coronavirus lockdown.
As small businesses fight for survival, desperate self-employed beauticians and hairdressers are posting adverts on Gumtree offering to go to people's homes and give them makeovers.
Now, the National Hair and Beauty Federation (NHBF) has issued a warning to hairdressers and barbers trying to find a way around social distancing.
In an email, it urged members not to go in people's homes, warning them they would not be covered by insurance.
Some enterprising salons have instead turned to Instagram and Zoom to show people how to safely cut and style their own hair at home.
Adverts on Gumtree from mobile hairdressers and Beauty therapists are offering a range of at-home treatments
Barbers and hairdressers are offering to go in people's home despite warnings from the NHBF
This barber is offering at-home services across London, using an image of actor Russell Crowe to promote their work
Grace Poston-Miles, who runs Grace Hair and Beauty in Chichester, West Sussex, is helping customers by showing them how to do their hair via online tutorials - rather than going into people's homes
Grace Hair and Beauty in Chichester, West Sussex, is posting regular tips for customers alongside videos helping them to look their best through the lockdown
Adverts on Gumtree from mobile hairdressers and Beauty therapists are offering a range of at-home treatments, with discounts as many jostle for clients.
The NHBF has now sent a warning letter to salons, writing: 'This would be against the Government's strict social distancing instructions which say you must stay at home apart from essential travel.
'We need to do all we can to prevent the spread of coronavirus.
'Also-please bear in mind that your insurance will probably not cover you if you normally work in a salon or barbershop.'
The NHBF is also urging people against home-dyeing, warning they could suffer a 'colour reaction such as a green tinge.'
Grace Poston-Miles, who runs Grace Hair and Beauty in Chichester, West Sussex, is posting regular tips for her customers online, alongside videos helping them to look their best through the lockdown.sonos sonos One (Gen 2) -


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Home Tags Scam
DUBAI, UAE - Five men denied using false means to buy Emirates airline tickets worth Dh130,000 in court yesterday.
NEW YORK - A Manhattan building called Camelot is the target of a scam that offers tourists luxury accommodations - then leaves them in the lurch.
Northwest Airlines agreed to pay $38 million reparation after pleading guilty to fixing air-cargo shipments prices.
COIMBATORE - It was an ‘Operation Snake’ by forest officials that targeted unsuspecting tourists with an intention of extorting money and the police smelled a rat.
Rio de Janeiro - American tourist Porfilio Nicholas Anthony, 25, from California, was arrested in Rio early this Monday by officers of the Special Tourist Service (Deat).
Ever buy travel insurance you didn't want? Unintended purchases are yet another of the traps the travel industry sets for you. A recent reader's experience shows how it works:
British tourists Shanti Andrews and Rebecca Turner are being held in a Brazilian prison known as "Cell Zero-Zero" on the outskirts of Rio de Janeiro.
WASHINGTON, DC (August 7, 2008) - AAA is urging US residents who plan to drive while traveling abroad to avoid purchasing fraudulent International Driving Permits (IDP), especially over the Internet.
Typically, this column stays away from insider industry blather - "Leviathan Cruise Line recently named Dewey Cheatum as Deputy Vice Assistant President in Charge of Marketing and Vacuum Flush Toilet Satisfaction" - opting instead for information that helps consumers make better decisions about buying and enjoying cruises.
TORONTO - With the unearthing of the Gurgaon kidney transplant racket, medical tourism has got a bad name in Canada, where the alleged kingpin of the scam reportedly has business interests, tour operators here said.The case of Amit Kumar "gives medical tourism a bad rap," Aruna Thurairajan, owner of a medical tourism firm, said.


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Your daily round-up of the best of Wall Street Journal’s India coverage:
Air India Seeks $250 Million Loan to Pay for Dreamliners: Air India Ltd. plans to take a bridge loan of up to $250 million to take delivery of two new Dreamliner planes from Boeing Co. in November, a senior executive at the airline said Wednesday.
India Finance Minister: Deficit Target Challenging, but Achievable: The Indian government’s target to keep its fiscal deficit within 5.3% of gross domestic product this financial year is challenging, but achievable, Finance Minister P. Chidambaram said.
GE Capital to Buy Stake in Research Unit: Biocon Ltd. Wednesday said a GE Capital unit will pay 1.25 billion rupees ($23 million) to buy a 7.69% stake in its research services unit, which is looking at conducting an initial public offering.
Maruti Suzuki’s Profit Falls for Fifth Straight Quarter: Maruti Suzuki India Tuesday posted a drop in its net profit for the fifth straight quarter, after violent labor unrest forced India’s largest car maker by sales to temporarily halt production at one of its two factories.
JK Tyre to Expand Capacity at Chennai Plant: JK Tyre & Industries Ltd., one of India’s biggest tire producers, will invest up to 2.3 billion rupees ($43 million) by early 2014 to expand capacity at its new factory in Chennai, a top executive said Wednesday.
India Shares Gain: Indian shares ended higher Wednesday, led by bargain-buying in auto and bank stocks after their sharp fall Tuesday on the central bank’s decision to leave its benchmark interest rates unchanged.


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ACS (the Association of Convenience Stores) has criticised Labour’s manifesto pledge to increase the national minimum wage by at least the level of increase in average earnings.
ACS chief executive James Lowman said: “In an uncertain economic climate, with pay freezes in place across the private and public sector it is wrong for Labour to commit to increase the minimum wage for each of the next five years.
“Our opposition is not to the principle of a minimum wage. Every worker should be guaranteed a wage that is fair and prevents exploitation. However a minimum wage should be just that – a minimum below which wages should not fall.”
Labour has announced its manifesto, to be launched today, will include a pledge to require the Low Pay Commission to link recommendations for increases in the wage to average earnings. Up to now, the Commission has made clear that average earnings are one of the factors they consider in their deliberations, but the Commission also uses other indicators and is at liberty to decide on the most relevant measures to use in formulating its recommendations.
Lowman added; “At this time shops are facing increasing energy costs, increasing cost of lending and finance and other employment costs such as additional holiday entitlement and pension contributions. We know from our research that when the minimum wage increases, retailers cut jobs, staff hours and investment, and if we see further increases in line with average earnings we can expect to see more of these cost saving measures being implemented.”
Since the first national minimum wage came into force in 1998, average earnings have increased by 46.9%, inflation by 21.6%, and the national minimum wage by 65%. The national minimum wage will rise by 2.2% to £5.92 on 1 October 2010.
ACS has taken part in each consultation by the Low Pay Commission, including attending with retailers, LPC evidence sessions and conducting research into the impact of the minimum wage on the convenience store sector.


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Cult classic The People Under the Stairs gets the Shout Factory treatment this week and there’s also a bunch of DC’s animated movies getting new editions, more cult horror and more on DVD and Blu-Ray.
Tons of TV is out this week as we’re about a month from the new seasons starting, including our Pick of the Week, The Knick Season 1.
If you’re a fan of low budget horror, this is your week with creature features like Lake Placid vs Anaconda and some old favorites on Blu-Ray, like Mr & Mrs Smith.
The bizarre journey of the 90’s Island of Dr Moreau is available on Blu-ray and DVD this week along with some more cult classics, a new MST3K collection and more.
Kind of a slow week but there’s a bunch of weird horror movies out this week on Blu Ray along with our Pick of the Week, Showdown in Little Tokyo.
The best horror movie of the year, It Follows, arrives on DVD/Blu Ray this week along with one of the best sci-fi movies, Ex Machina, an extended Rogue cut of Days of Future Past and much more.
The robot battling classic Robot Jox is on Blu Ray this week along with House of Cards Season 3 for the 10 people without Netflix, The Big Chill Criterion Edition and much more.
Pick up the special 25th edition of UHF this week along with new movies like Get Hard and The Gunman, a slew of Italian sci-fi rip-offs and much more.
A bunch of the bigger releases from earlier this year are out, including our Pick of the Week, Run All Night.
You can get the bad ass espionage action of Kingsman this week along with some Pam Grier classics on Blu Ray, the complete Thunderbirds and much more.


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Zuma braces himself for Thursday's ANC vote of no-confidence +++ Nigerian police officer killed in volatile central region +++ Dispute between fishermen and farmers over Kenya's famed rose flowers
Uganda, Tanzania and Rwanda plan to ban all imports of second-hand clothing in order to strengthen their textile industry. But with the US threatening consequences, EAC leaders have agreed to a small compromise.
German car maker Volkswagen (VW) will be the first international automobile company to invest in Rwanda. The first cars are expected to be ready by May. For the future VW also plans to build electric cars in Rwanda.
A new report based on the Panama Papers reveals how Africa's politicians, generals and business leaders are systematically siphoning off billions of dollars and parking the money offshore.
A single African air transport market, promises to fight corruption and plans to address the continent's crises dominated the African Union summit. But with a full agenda for 2018, how much will the AU manage?
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Retailers, consumers and prices
Depend goes upscale with new undergarments
Kimberly-Clark, which already launched separate versions of its Depend disposable underwear for incontinence for men and women, is updating the line again in April. This time, it hopes to boost sales with pricier products for consumers who still want to wear real underwear, or at least look like they are doing so.
The new Depend variety packs look more like traditional underwear and are packaged more like the cotton underwear often sold in packages. That way, perhaps shoppers who buy them — with a suggested price of $5.99 to $6.99 for a pack of six — will not feel as embarrassed, Kimberly-Clark asserts.
“Our consumer’s desired experience is to stay in their own underwear. Therefore, we want to make our Depend products as much like underwear as possible,” said Andrew Meurer, vice president of the company’s North American feminine and adult care brands.
At the same time, “men and women often experience significant anxiety and stress when shopping for these products, predominately due to the stigma that continues to exist with incontinence,” he said.
That anticipated confidence comes at a price. The color and print versions, which have a new waistband, have a suggested price that is about 50 percent more per garment than the traditional Depend products.
(Photos provided by Kimberly-Clark)


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The PBoC publicised the initial list of Fintech solutions and products that may be used during front end and bank-end application production for online payment furniture, according to filings submitted upon October 26 by the traditional bank.
China’s capital bank, the People’s Savings account of China (PBoC), says that it will certify 11 a variety of financial technology (Fintech) software and hardware that are regularly being used for the internet payment and blockchain-related items with its new verification function, the Certification of Fintech Products.
The new regulatory system can be introduced at a time when Chinese suppliers, the world’s second perfect economy by GDP, is concentrated on the development of improved credit infrastructure, which includes the creation of a national digital foreign currency and a push by the nation’s president Xi Jinping to seize opportunities in blockchain technology.
The PBoC claims that China’s sovereign online currency will enhance the susceptibility of the country’s digital expenditures sector. The Chinese leading bank says its own on-line currency will have better protection features than WeChat Shell out for and the Alibaba Group-owned Alipay. The PBoC also refered to that the new digital digital money will have off-line transaction facility.
At present, there are 11 different Fintech-related products on the PBoC’s list. The institution’s qualifying measures system applies to all the products which might be used as part of digital transactions technologies and infrastructure, which includes point-of-sale (PoS) mobile définitif, embedded software programs, front-end software, and various chips and as well, security carriers.
The PBoC will reportedly award professionals a Certification of Fintech Product (CFP) if their numerous clear the prototype checking and on-site inspections. Because of it has been issued, the record can be reviewed and improved, or renewed, some thing three years.
Related local authorities almost certainly tasked with performing unannounced inspections on any point of the production process produce sure that companies are following acquiescence procedures.
Organizations may press the certificates on their emblem, but the certification may not be once meant promote products or supply for advertising purposes.
Trusted cross environment (TEE), a technology that helps with the creation of any “consortium blockchain network and verifying blockchain transactions in financial transactions use cases, ” has been listed as one of the 7 Fintech products that will be credential by Chinese authorities.
In August 2018, tech giant Ibm submitted two patent practices in order to use similar the varieties of technologies to enhance the security and overall capacity of its blockchain-based services.


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Budget review: How does it affect the trade?
It was the “Ronseal Budget” – doing exactly what it said on the tin. So heavily leaked were this year’s measures, that there were no surprises.
But the cursory announcement that he was making no changes to existing plans for duty rates meant that Chancellor George Osborne skimmed over the fact that duty rates are going up by two percentage points above the rate of inflation from the start of next month.
Effectively that means more than 6% extra, so the government will be taking more than £1.90 from the price of a bottle of light wine and almost £2.50 from every bottle of sparkling wine. The tax take from a standard bottle of spirits will rise to above £7.
Given the Prime Minister’s rhetoric about curbing binge drinking, Osborne was unlikely to heed the industry’s pleas to reconsider the levels of alcohol taxation, but by doing nothing – at the moment – he has increased the pressure on wine producers and their import agents.
It will be ever more difficult not to breach the symbolic £5 per bottle price point in the off-trade.
At the volume end of the market, the multiple retailers who dominate off-sales will operate ever more tightly their own two-way squeeze -– demanding that their own margins be protected while not breaching the psychologically significant price level.
That is likely to exacerbate the trend of the past year in which off-trade wine volume sales fell by 2% while spirits volumes were 1% lower.
But that is only part of the picture. More significant than the widely-expected duty rises in the Budget will be the unveiling of the Government’s plans for minimum pricing, expected next month.
The industry has made clear its opposition to penalising the vast majority of sensible consumers, but Cameron is on a mission, the outcome of which will be an attempt to introduce a minimum price of between 40p and 50p per unit of alcohol.
While the legality of such a move will undoubtedly be tested, especially in Brussels, there has been no indication as to how it would work in practice.
Would the extra element of taxation on lower priced drinks pass to the retailer, the producer or the Treasury? And how would it be monitored? Without doubt the industry’s unwanted role as unpaid tax collector will be enhanced.
But while we await the outcome of the minimum pricing “view”, two other measures long expected are being enacted by this year’s Finance Bill.
Two excise duty exemptions are being removed – those on Angostura Bitters and Black Beer. Both were proposed as part of Osborne’s view of exemptions and anomalies when he took office two years ago.
They were confirmed (subject to late presentations) in last year’s Budget and the axe has now fallen. Exactly what Osborne said on the tin.


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Mercedes-Benz EQS: News
20 Oct 2023BMW
BMW has launched a performance-focused version of the i7, the M70 xDrive, in India with a price tag of Rs. 2.5 crore (ex-showroom). The sedan signifies the importance of EVs on our shores for the luxury carmaker.
11 Oct 2023Mercedes-Benz
Mercedes-Benz is rolling out loyalty bonuses for existing customers, offering discounts of up to Rs. 5 lakh on the purchase of any of their electric vehicles (EVs) in India.
21 Apr 2023Mercedes-Benz
German marque Mercedes-Benz has taken the wraps off the Manufaktur Signature Edition of its flagship electric sedan, the EQS, for the global markets.
17 Apr 2023Mercedes-Benz
German automaker Mercedes-Benz has revealed its Mayback EQS680 SUV. It will go on sale in the US by early 2024.
17 Oct 2022Mercedes-Benz
In a bid to take on the likes of Audi e-tron and BMW iX electric cars, Mercedes-Benz has introduced the EQE SUV.
30 Sep 2022Mercedes-Benz
Mercedes-Benz has launched its first 'Made-in-India' EV, the EQS 580 4MATIC with a sticker price of Rs. 1.55 crore (ex-showroom). The electric sedan is a flagship offering for the German automaker.
19 Sep 2022Electric Vehicles in India
Mercedes-Benz has opened the order books for the EQS 580 4MATIC in India against a token amount of Rs. 25 lakh.
13 May 2022Volvo XC40
Tata Motors and MG Motor have launched the Nexon EV MAX and ZS EV respectively, for the Indian market in recent months.
19 Apr 2022Mercedes-Benz
German automaker Mercedes-Benz has unveiled its all-electric 2023 EQS SUV. It is the first 7-seater EV from the brand.
17 May 2021Mercedes-Benz
German automaker Mercedes-Benz has commenced the production of its EQS electric luxury saloon at the Factory 56 plant in Sindelfingen. It is being built alongside the Mercedes-Maybach S-Class and the S-Class saloon.
16 Apr 2021Mercedes-Benz
German automaker Mercedes-Benz has revealed its EQS electric sedan. It is offered in two versions: EQS 450 and EQS 580.
06 Apr 2021Mercedes-Benz
Mercedes-Benz EQS will be unveiled on April 15 and should be launched in India in early-2022. It will be offered in two versions: EQS 450+ (RWD) and EQS 580 4MATIC (AWD).
27 Mar 2021Mercedes-Benz
Mercedes-Benz is all set to globally unveil its EQS electric sedan on April 15. It will be based on the Vision EQS concept and is expected to borrow styling cues from the flagship S-Class.
11 Feb 2021Mercedes-Benz
Mercedes-Benz is expected to globally unveil its EQS electric sedan in the first half of 2021.
12 Jan 2021Mercedes-Benz
Prior to its debut in the EQS electric sedan, Mercedes-Benz has revealed its MBUX Hyperscreen.
17 Nov 2020Electric Vehicles
Mercedes-Benz is working to launch the new-generation EQS SUV by the end of 2021 or early-2022. It will be based on the upcoming EQS sedan and will be a part of the extended S-Class family.
27 Sep 2020Sedan
German automaker Mercedes-Benz is expected to launch the electric variant of its S-Class sedan, the EQS, next year.


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Ford Motor Co, struggling with in-car technology glitches, is to base the next-generation Sync system on BlackBerry Ltd’s QNX and no longer use Microsoft Corp’s Windows, according to people briefed on the matter.
Using QNX will be less expensive than licensing Microsoft technology and will improve the flexibility and speed of the next Sync system, said the people, who declined to be identified because the decision has not been made public.
Ford has more than 7 million vehicles on the road with Sync using Microsoft voice-activated software to make mobile phone calls and play music.
Chief executive officer Alan Mulally, who was said to be a candidate to become Microsoft’s CEO until earlier this year, has seen Ford slump in surveys by J.D. Power & Associates and Consumer Reports, with customers citing malfunctioning technology systems and touch screens.
The second-largest US automaker has said the quality of its vehicles have been “mixed” each of the past three years and fell short of its plan to improve those results last year.
Improving Sync is crucial for Dearborn, Michigan-based Ford to draw car shoppers who are increasingly looking to be connected at all times.
In-vehicle technology is the top selling point for 39 percent of car buyers, more than twice the 14 percent who say their first consideration is traditional performance measures such as power and speed, according to a study by the consulting firm Accenture released in December last year.
Ford spokesman Jay Cooney did not respond to telephone and e-mail messages left outside of normal business hours.
A spokesman for Redmond, Washington-based Microsoft, Peter Wootton, who works for Waggener Edstrom, declined to comment.
QNX spokesman Paul Leroux declined to comment.
The Ford and Lincoln brands ranked Nos. 26 and 27 respectively out of 28 brands in Consumer Reports’ annual auto-reliability survey released in October last year.
While the Lincoln luxury line matched the industry average in J.D. Power’s Initial Quality study in June, the namesake finished 27th out of 33 brands.
Technology companies are battling for a greater presence in vehicles. Google Inc announced an alliance with General Motors Co, Honda Motor Co, Hyundai Motor Co and chipmaker Nvidia Corp last month to bring the Android operating system to cars.
Apple Inc is working with Bayerische Motoren Werke AG, Daimler AG’s Mercedes-Benz, Nissan Motor Co and others to introduce its iOS to cars with devices such as the iPhone.
BlackBerry’s QNX Software Systems can be found in cars made made by Volkswagen AG’s Audi unit and BMW, according to its Web site. QNX and Microsoft are the main suppliers of automotive operating system software, according to researcher IHS iSuppli.
BlackBerry, at the time named Research in Motion Ltd, bought QNX Software Systems for US$200 million in 2010. In addition to its presence in cars, QNX technology is used to manage nuclear power plants and by the US military for unmanned aerial drones. Its customers include Cisco Systems Inc, General Electric Co and Caterpillar Inc.
NOTABLE SHIFT: By 2030, 50% of all laptops would be assembled in Southeast Asia, while Taiwan would still mostly focus on research and development, a report said Global laptop and desktop computer supply chains are expected to shift significantly away from China in the next 10 years, a Market Intelligence & Consulting Institute (MIC, 產業情報研究所) report said. By 2030, only 40 percent of global laptop production would remain in China, said the report, which was released on Thursday. “The reshuffling of the global supply chain will be one of the most important trends in the next 10 years,” the institute said in the report. “In the long run, key component makers will follow laptop assemblers in moving out of China.” The Taipei-based institute predicted most key component makers
Merck Group Taiwan yesterday said that it plans to invest substantially on expanding its fab in Kaohsiung’s Lujhu District (路竹) to better serve its local customers, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). The company said it plans to expand its production space by 50 percent in the next five years and its workforce by about 40 percent, Merck Group Taiwan managing director Dick Hsieh (謝志宏) told a media briefing in Taipei. Hsieh declined to disclose investment details, but said that the latest investment would exceed the total amount Merck has invested in Taiwan over the past few years. Those investments would be
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,
‘SWARM TECH’: Joint venture FARobot is to develop autonomous mobile robots that would first be deployed in Hon Hai’s factories to optimize production efficiency Hon Hai Precision Industry Co (鴻海精密) and Adlink Technology Inc (凌華科技) have formed a robotic venture that aims to use “swarm technology” to create robots that can communicate with one another on the factory floor to optimize production efficiency. Hon Hai is Apple Inc’s leading iPhone assembler and the world’s largest contract electronics maker, while Adlink supplies industrial computers and Internet of Things solutions. Through a subsidiary, Hyield Venture Capital Co (鴻揚創投), Hon Hai holds a 51 percent stake in autonomous mobile robot (AMR) developer FARobot (法博智能移動), while Adlink owns the remaining 49 percent. Together, the two companies put up NT$200


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In a recent article for The Business of Fashion, Â Suleman Anaya talks about the role that fashion is playing in boosting not only the Brazilian economy, but the countryâ€™s profile and national self-esteem.
“Significantly, the tremendous energy in Brazilâ€™s fashion market is flowing from both inside and outside the country. For global fashion brands, Brazil is a land of opportunity.”
Itâ€™s not just about the money though.
Sure, a booming economy, specially in the context of recession in Europe and the US is helping people to spend confidently in quality and luxury goods, but of all the BRIC countries (Brazil, Russia, India, China) Brazil stands alone in having a robust fashion industry that exports its goods globally.


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Chinese electric vehicle manufacturer Nio announced its second quarter results which exceeded analysts’ estimates. Revenue increased, and net losses narrowed mainly due to growth in sales. The company plans to introduce three new car models in 2022, CEO William Li said on Thursday.
The Shanghai-based EV maker logged RMB 8.5 billion (USD 1.3 billion) in quarterly revenue, up 127.2% from the same period last year and 5.8% more than Q1 2021. This beat analysts’ expectations of RMB 8.3 billion, according to data compiled by Visible Alpha.
Nio suffered net losses to the tune of RMB 587.2 million (USD 90.9 million), which is around half the amount from the same period in 2020 but 30.2% higher than the previous quarter.
The EV maker delivered 21,896 vehicles in the second quarter, including 4,433 ES8 SUVs, 9,935 ES6 SUVs, and 7,528 EC6 coupes, an overall increase of 112% from 12 months prior when China was emerging from the initial COVID-19 outbreak. Nio’s shipments for the second quarter were at the high end of the company’s forecast of 21,000 to 22,000. Nio expects to deliver 23,000 to 25,000 units in the third quarter, despite the ongoing global chip shortage that has plagued the automobile manufacturing industry.
Founder and CEO William Li said the effect of the chip shortage is “under control,” and that Nio will work closely with its partners to improve the production capacity of its supply chain. He added that the company plans to deliver three new models in 2022, including the ET7, a flagship premium electric sedan. The other two models’ pricing will be slightly lower than Nio’s existing vehicles.
Li indicated that the vehicles of Nio’s new sub-brand will not be as cheap as Wuling Hongguang, which was designed for the low-end market. “Basically, we aim to offer the car at a price competitive to Tesla, but with even better quality and services,” he added. Last month, Nio appointed a former WeWork executive, Ai Tiecheng, to lead the new business unit.
At the time of publishing, the company’s shares dropped 0.59% in post-market trading on the New York Stock Exchange. Over the past year, Nio’s share price has dropped about 9%, trailing previous gains of 18% and 15% in the S&P 500 and Dow Jones Industrial Average stock indexes.


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The Great Atlanta Beer Fest is coming back to Turner Field Saturday, September 7th. Featuring over 150 different beers to sample from Atlanta, the Southeast, and all over America, Turner Field provides an outstanding atmosphere for what will soon be the biggest beer event in all of Atlanta. For those who are not into beer there will also be a small selection of wines this year, as well as a healthy list of ciders available.
The bulk of the Great Atlanta Beer Fest will take place in the Grand Entry Plaza and Monument Grove. Scout’s Alley will be open and the games will be free for beerfest patrons. College football will be on large 33 foot TV in the plaza as well as the TV’s all over the Chop House, so you won’t miss the day’s action. There will be live music with the Geeks Band on the stage of the Grand Entry Plaza.
Festival Tickets will be $35 advance, $40 after Aug. 29, $50 day of event. (all prices include sales tax, TM fees will be added) Tickets will go on sale July 24th. The first 500 tickets will be just $25. There will be a presale at the Turner Field box office starting July 19th. Tickets bought at the Turner Field box office have no Ticketmaster fees.
There will not be any Designated Driver tickets. Ticket prices includes a souvenir cup, entertainment, and your beer samples. Food will cost extra.
For more info visit www.atlantabeerfestivals.com


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The R15-a-share offer that German investment firm Aton is proposing for JSE-listed Murray & Roberts (M&R) falls well short of what the independent board believes the company is valued at.
The M&R independent board appointed to review the planned offer reported on Wednesday that it had received a valuation report from independent expert BDO South Africa, following which it had determined that a fair value price range for control of M&R was between R20 a share to R22 a share.
Following the BDO’s valuation report, the independent board further affirmed its view that Aton’s proposed offer “materially” undervalued M&R and said it would strongly recommend that shareholders did not accept the offer.
The proposed offer was announced last week and is expected to open on Friday.
M&R previously held discussions with Aton about possibly combing that company’s Redpath Mining with M&R’s underground mining business platform. However, the independent board was sceptical about such a combination, saying last week that it presented “limited strategic rationale” at the current time and that the current combined market share of these businesses might reduce after a possible combination.
M&R traded at R14.22 a share on Wednesday.


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The Game Awards 2020 are here! I’m not sure if it feels too soon or too late because the quarantine has destroyed my concept of time. But it’s here all the same! Geoff Keighley’s show is returning once again to provide us with a mixture of accolades and reveal trailers, and probably an awkward meme or two. Plus, we already know we’re getting a Smash DLC reveal!
Watch The Game Awards 2020
This year’s show should be packed, based on what Keighley has said so far. On top of all the usual awards, we can expect somewhere around 12-15 world premieres, ranging from AAA to indie. It all kicks off tonight at 3:30 pm Pacific / 6:30 PM Eastern. That’s 11:30 pm for our readers in the UK. the first 30 minutes are a pre-show, and then the full event will roll late into the night. You can watch it all by clicking the embedded video below.
Nintendo is back with a Smash DLC reveal
Nintendo has made a big splash at past shows, and they recently confirmed they’ll be doing the same at The Game Awards 2020. This time, they’re unveiling the next fighter for Super Smash Bros. Ultimate! This isn’t a first, as Nintendo actually revealed Joker as upcoming Smash DLC at The Game Awards 2018. They also showed off Marvel Ultimate Alliance 3: The Black Order at that show, so hopefully they’re bringing some game reveals tonight as well! Whatever they bring to the table, we’ll be covering it live as the news breaks.


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LeoVegas Signs Sponsorship Cope With SSE Arena, Wembley
Mobile phone casino business LeoVegas Gaming Ltd. announced today that it had inked a sponsorship agreement with London’s SSE Arena, Wembley until the end of the calendar year.
Under the terms of the deal, LeoVegas are given presence on LED screens installed both in- and outside the concert and occasions facility. LeoVegas advertisements can look regarding the said displays at the very least six times per hour during various events. The sponsorship agreement also secures the mobile casino with use of seats for many key events become held during the venue over summer and winter.
Commenting regarding the latest announcement, LeoVegas UK Country Manager Shenaly Amin stated that the SSE Arena, Wembley yearly plays host for some of the very popular events in britain and the excitement those generate corresponds to what the LeoVegas brand name wants.
Ms. Amin further added that the place is really a place that is great the mobile casino brand to be exposed and introduced to brand new audiences as it has been their definitive goal since the brand premiered in the UK back 2014.
In a separate sponsorship deal, LeoVegas is always to promote its brand throughout the RBS Six nations championship that is rugby. Pitchside screens are set showing the casino brand that is mobile. In addition, it will also appear during four fixtures before the end regarding the Barclays Premier League.
The news about the agreement arrived after it had been announced that the video gaming business are launching LeoVegas Sport its sports product that is betting. In January, LeoVegas reached an agreement with B2B provider of sports wagering solutions Kambi Group plc for the latter to deliver its sportsbook. LeoVegas is anticipated to go live using the item ahead of the start of Euro 2016.
It absolutely was in January again as soon as the mobile casino operator announced so it had signed a three-year partnership deal with Swedish lifestyle celebrity Jon Olsson. As an element of their collaboration, Olsson will likely be playing the Mongol Rally, a journey from England to Mongolia across quite a challenging surface. The action is slated to start out in and is expected to take more than a month to be completed july. Olsson and LeoVegas may also be working together for a wide range of other relevant tasks and marketing and advertising events.
Phil Horne Appointed as SG Gaming CEO
Scientific Games division SG Gaming announced that combined Group Managing Director Phil Horne is appointed because the organization’s new Chief Executive Officer. Mr. Horne will assume his role that is new on 31, whenever present Executive Chairman Steve Frater is set to move down.
Mr. Frater is well known for co-founding The Global Draw, which down the road became an SG Gaming subsidiary together with Barcrest Group. He’s been considered an instrumental figure for the introduction of licensed betting office video gaming devices towards the British gambling market.
Commenting on their departure, Mr. Frater stated that their profession in the market is ‘an incredible journey’ and that he is leaving SG Gaming in good arms. The professional also noted that the company is currently thriving along with its ‘fantastic group.’
Mr. Frater unveiled that the visit of Mr. Horne as the gaming provider’s new CEO is definitely planned and that now’s a excellent time for the replacement to occur. The Executive Chairman stated about their successor that their leadership will most definitely continue driving the ongoing company from energy to strength.
As www.beatingonlinecasino.info for Mr. Horne, he called their predecessor an innovator into the gambling industry, whoever eyesight and leadership has driven the company to where it really is now. SG Gaming’s new CEO also said that he’s proud to be given the opportunity to lead the business enterprise to its phase that is next of.
Mr. Horne has been doing the gambling industry for quite some time now. He had invested 12 years as Gaming Director of major gambling operator Gala Coral Group. Mr. Horne ended up being appointed as Group Managing Director of SG Gaming in March 2013.
A UK-based provider of gaming solutions for both online and land-based operations as already mentioned, the newly appointed SG Gaming CEO is also co-founder and Managing Director of The Global Draw. The company ended up being established in 1997 and contains been running being an SG Gaming and Scientific Games Corp. subsidiary since April 2006. Both The Global Draw and SG Gaming provide video gaming services and products for licensed office that is betting arcade, and bingo sectors in the uk. Currently, they operate more than 20,000 gaming machines across the country.
Adam Ruffett to Oversee Tabcorp’s New British Web Business Publish
Adam Ruffett, Head of Casino at online gambling operator Unibet Group plc, has reportedly left his post and has accompanied Australian video gaming company Tabcorp Holdings Ltd. Mr. Ruffett is going to be in charge of the latter operator’s latest casino offering, the end result from its collaboration with News UK.
The administrator stepped straight down as Unibet’s mind of Casino late last month and assumed their brand new role as Head of Casino for Tabcorp’s latest UK online gambling item previously in February. Presently, the Australian operator is preparing the launch plus the addition for the Sun Bets brand to The Sun online casino.
In December 2015, Tabcorp stroke a ten-year partnership deal with News UK, known to be the publisher associated with the popular tabloid. The australian gambling company would power The Sun-branded sportsbook product under the agreement’s terms.
Back then, Tabcorp said as it would have to build its UK-based team in the weeks to come that it would be a busy time for it. Most recently, the company announced the visit of David Blackman due to the fact new brand’s mind of Operations. Mr. Blackman had previously worked as handling Director of Betfair Malta.
In terms of Mr. Ruffett, prior to joining Tabcorp, he had worked at Unibet for almost five years, joining the Stockholm-listed gambling operator in December 2011. He previously first been Head of Casino operations for three and a half years and had then been appointed as Head of Casino. Mr. Ruffett had formerly taken a number of important roles at other major gambling organizations, with Eurobet, Gala Coral, and Sportingbet being the type of.
Sunlight Bets brand is set to be launched later in 2016. It’ll be supplying News British clients by having a quantity of betting options. Tabcorp has revealed that the product are going to be primarily focused around horse race and the online activities market that is betting. News UK are going to be accountable for the brand’s promotion and you will be paid a portion for the revenue that is annual by Sun Bets as a swap.
Earlier in the day this month, Tabcorp reported its results that are financial the six months ended December 31, 2015. Income for the first 50 % of the year that is fiscal 1.8percent to reach A$1.1 billion. EBITDA amounted to A$266 million, up 1.8% in comparison with the figures posted for the prior matching period.


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Hostess Brands Inc. said it likely won't make an announcement until Friday morning on whether it will move to liquidate its business and eliminate about 18,000 jobs.
The maker of Twinkies, Wonder Bread and Ding Dongs warned Thursday that it would close down its bakeries, including its iconic plant in Downtown Memphis, unless striking workers returned to their jobs by 4 p.m. Memphis time.
The ultimatum came less than a week after members of the Bakery, Confectionary, Tobacco and Grain Millers International Union — one of two unions representing Hostess workers — walked off the job.
The Teamsters union, which also represents Hostess employees, is not on strike and urged the BCTGM to go back to work.
Production at about a dozen of the company's 33 plants has been seriously affected by the strike, said Lance Ignon, a Hostess spokesman.Our prayer is for someone else to come in that can run a bake shop.
Union leaders in Memphis said the company's threat showed the strike was working, and they didn't seem worried the plant would be permanently closed, throwing more than 250 out of work.
Letitia Malone, president and business agent of baker's union Memphis Local 149, said the strikers, who numbered about 30 outside the bakery at 400 Monroe at midday Thursday, had won converts as the week wore on. "They're seeing we are together."
The plant, which produces Wonder Bread and Hostess Honey Buns, was still running with a staff of management, workers from other unions and baker's union workers who crossed the picket line.
"They're baking at half staff," said Jacqueline Ward, a receiving clerk and union shop steward. "They slowed down the speed of it."
Ward said reports from inside the bakery indicated officials had turned back deliveries of yeast and other ingredients and told engineering crews to prepare to start shutting down production lines Friday morning.
"We plan that it's not the end, that another company would look at the Memphis plant and see how much we can produce," Ward said.
Malone added, "Our prayer is for someone else to come in that can run a bake shop."
In a statement Thursday, the Teamsters sharply criticized the strike, and warned the company's threat to liquidate its operations in bankruptcy court "is not an empty threat or a negotiating tactic, but the certain outcome if members of the BCTGM continue to strike."
Frank Hurt, international president of the BCTGM, in a statement blamed "Wall Street investors" for "nearly a decade of financial and operational mismanagement that resulted in two bankruptcies, mountains of debt, declining sales and lost market share."
Hurt said the company's ownership is seeking to force its employees, who have already made "significant" wage and benefit concessions, to also lose pension contributions. He said 92 percent of the union membership rejected the company's contract.
On Monday, Hostess Brands announced it was permanently closing bakeries in St. Louis, Cincinnati and Seattle. The three bakeries employed 627 people.
Hostess filed for bankruptcy in January, citing rising competition as well as increasing pension and medical costs for its workers. The majority of the privately held company's employees are unionized, meaning it has higher pension and medical benefit costs than competitors with nonunion workforces.
Hostess's bankruptcy filing came just three years after its predecessor, Interstate Bakeries, emerged from bankruptcy protection.
Includes information from The Associated Press.
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Sale of alcohol to underage drinkers
Posted 7:00 am, 10/26/2020
Owners of shops and restaurants face severe penalties for selling [url https://www.idscard....scard[/url] alcohol to minors. Dan, the bartender at The Cove Lounge and Bar, said that for the first time we were caught selling alcohol to minors. We were closed for 24 hours and had to pay a fine of US$2500, and our liquor license had to be reviewed.Because of these severe penalties, bars and clubs have taken increasingly determined measures to ensure that minors will not escape the use of [url https://www.idscard.....html]fake id new york[/url]. Most bars (such as Cove) have bodyguard check IDs and only accept certain types of them.


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Jim Allen, vice president of marketing for New York Apple Sales and former president of the state’s apple association, has been honored by the New York State Agricultural Society.
The society named Allen its 2019 Distinguished Service Citation recipient. Allen, who joined New York Apple Association in 1996 and was its head for 17 years. He was instrumental in uniting growers and finding marketing opportunities, according to the agricultural society.
As the chairman of the U.S. Apple Export Council three times, Allen helped elevate export prospects for New York and other states, according to the society. In 2002, The Packer named Allen the Apple Person of the Year.


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(Press Release) Linzor Capital Partners (“Linzor”) is pleased to announce the final closing of its third fund, Linzor Capital Partners III, L.P. (“LCP III” or the “Fund”), held on May 14th with $621 million in aggregate capital commitments. Read more
(DowJones) Advent International is weighing opening an office in Lima, Peru, following the successful close of its US$2.1b Latin America fund last week. The firm, which closed the fund on its hard cap on Nov. 6, is currently in negotiations over a “few deals” in Peru, which if successful, could see the firm open an office in the Peruvian capital, according to Latin America-based Managing Partner Patrice Etlin. Read more at Dow Jones.
(Pulso Social) Movile, the Brazilian internet conglomerate, is placing all bets on the Latin American consumer. After raising US$55m to finance their plan to “unify the electronic market by making the shopping experience easier and better for all,” Movile has just invested US$2m in CinePapaya, Peru’s mobile movie ticket vendor and start-up. Read more
(Press Release) The Abraaj Group, a leading investor operating in global growth markets, today announced the successful exit of its investment in Iasacorp International, a prominent Peru-based retailer specializing in women’s accessories. Iasacorp operates store brands such as Do It!, Do It! Kids and Glitter. Read more
(TechCrunch) Rocket Internet, the Berlin-based e-commerce incubator, is today announcing the latest chapter in its strategy to build out businesses in emerging countries. Linio, an Amazon-style e-commerce marketplace active in Mexico, Colombia, Venezuela and Peru, has raised an additional $79 million (€58 million), led by new investor Northgate Capital and Access Industries. The company says the financing will be used to expand its footprint to other large Latin American markets like Chile and beyond. Read more


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T-Mobile today rolled out a big BOGO deal that sees the company offering free phones across a handful of brands. T-Mobile says the BOGO deal applies to the latest flagships from top-tier device makers including Apple, Samsung, and LG. Each brand has its own eligibility requirements, but there are some rules that apply to all the BOGO offers. First, customers can’t mix and match brands, but they can mix and match models from the same brand. The second phone must be of equal or lesser value than the first. Both devices need to be financed on a T-Mobile equipment installment plan. Some of the offers include money back via prepaid card rebate while others are credited monthly on customer bills. T-Mobile customers get free access to Netflix, unlimited LTE on a T-Mobile One plan, T-Mobile Tuesday promos, GoGo in-flight WiFi on some domestic flights, and free data roaming in more than 140 countries. T-Mobile’s summer BOGO deals will be available starting June 1.
Source: Phone Scoop – Latest News


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Welcome to our Expertise Information and Suggestions. Evaluations make up the majority of content on CNET, serving to shoppers select the best hardware, software, and tech companies. In line with some estimates , there were simply 10,000 websites and two million computer systems connected to the Web – small potatoes compared to at the moment ‘s 45 billion net pages and roughly four billion web customers.
Electronic gadgets and community expertise plays an necessary function in our life. To search out out, TechRepublic checked out total reader quantity, and with the enter of our editorial staff, compiled this ranked record of the largest tech information of 2018. The most recent tech news about the world’s best (and sometimes worst) hardware, apps, and rather more.
From high firms like Google and Apple to tiny startups vying for your attention, Verge Tech has the newest in what issues in technology every day. Wi-Fi know-how is wireless native space community know-how which allow digital system to entry internet. NETWORKING PATTERN EVALUATION: Cato’s approach is to run its own cloud-native networking and safety stack.
There is some very bad news for all those wanting to construct or improve their COMPUTER because the Graphics playing cards worth increase continues for probably the most of 2018. In April 2018, four,000 Google workers signed a letter ( PDF ) requesting its CEO end the corporate’s participation in Undertaking Maven , a Pentagon effort to develop an AI that may identify people in navy drone footage.
On November 1, 2018, Google employees across the globe staged a mass walkout in protest over the company’s handling of sexual harassment claims. Technology news, running a blog ideas, helpful pc software and internet 2.zero providers. Since the sequencing of the primary human genome again in 2001 speedy advances in technology have remodeled our skill to assemble and analyse genomic knowledge.


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The stock popped about 8% in extended trading on the news.
Here are the results.
- Earnings per share: $1.06 adj. vs 63 cents expected, according to a Refinitiv survey of analysts
- Revenue: $21.82 billion vs $20.91 billion expected, according to Refinitiv
- Disney+ total subscriptions: 129.8 million vs 125.75 million expected, according to StreetAccount
Disney+ subscriptions beat estimates, even as executives previously said they expect subscriber growth for Disney+ to be stronger in the second half of the year compared to the first, with original content being released on the platform in Q4 2022.
The subscriber number includes nearly 12 million Disney+ subscriptions added in the first quarter. The service also saw average revenue per user (ARPU) in the U.S. and Canada grow to $6.68 per month from $5.80 a year ago.
CFO Christine McCarthy said on the company’s earnings call that Disney expects to spend significantly on streaming in the second quarter. She said the company expects programing and production expenses for the direct to consumer business to increase by about $800 million to $1 billion, including programing fees for Hulu live. They expect those expenses for linear to increase by about $500 million, in part due to pandemic-related timing shifts.
McCarthy said the company is not at a point of steady expenses for Disney+, but said they “expect to have made significant progress by fiscal 2023.”
In an interview with CNBC’s Julia Boorstin, CEO Bob Chapek said Disney is bidding for NFL Sunday Ticket, diving even deeper into streaming.
On the company’s call with analysts, Chapek indicated releases on Disney+ could continue to be an important distribution channel for its original content.
“We do not subscribe to the belief that theatrical distribution is the only way to build a Disney franchise,” he said, pointing to the success of its recent hit, “Encanto.”
Disney’s parks, experiences and consumer products division saw revenues reach $7.2 billion during the quarter, double the $3.6 billion it generated in the prior-year quarter. The segment saw operating results jump to $2.5 billion compared to a loss of $100 million in the same period last year.
Disney said the growth in revenue came as more guests attended its theme parks, stayed in its branded hotels and booked cruises.
McCarthy noted that Disney’s domestic parks, particularly its Florida-based locations, have yet to see a significant return in ticket sales from international travelers, which pre-pandemic accounted for 18% to 20% of guests.
The company’s consumer products business saw revenue fall 8.5% to $1.5 billion following the closure of a substantial portion of its Disney-branded retail stores during the second half of 2021.
During the most recent quarter, Disney’s domestic parks operated with fewer Covid-19 capacity restrictions. However, international locations continue to be impacted by mandatory capacity and travel restrictions, the company said.
Additionally, although Disney’s television and film productions have resumed, it is still experiencing disruptions in its pipeline. While the studio’s theatrical releases were among the top performing films of the year, the domestic box office still has not fully recovered from the pandemic. Income from Disney’s co-production of the Marvel Cinematic Universe film “Spider-Man: No Way Home” with Sony offset losses on other titles released during the quarter, which were unable to overcome significant marketing and production costs.


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WAKE FOREST, N.C. -- Gateview Technologies announced the availability of its next-generation, rack-mount Power Distribution Unit (PDU)— PowerLOK. The new single- and three-phase rack PDU keeps servers running efficiently and at a lower cost compared to traditional legacy powerstrips offered on the market today. In partnership with Power Distribution, Inc, Gateview will display PowerLOK at 7x24 Exchange’s Fall 2019 Conference, October 27-30, 2019, Phoenix, AZ (Booth #1 and 1C).
“Gateview is building a better rack-mount PDU from the inside out,” said John Day, Founder and CEO, Gateview. “Our rigorous engineering, design, testing, and manufacturing processes are created from hands-on research and direct PDU user feedback to ensure that the PowerLOK provides higher reliability and more efficient operations for mission-critical facilities.”
In its first release, PowerLOK will offer 20 and 30 amps, with expanded product lines offered in 2020. The PDU’s unique, innovative customizations include:
For more information, visit www.gateview.com.


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Jay-Z is returning to a familiar place. Mr. Carter will launch his new album The Blueprint 3 with a benefit concert at Madison Square Garden in New York City on September 11.
“Fuse Presents JAY-Z Live from Madison Square Garden: Answer the Call” will provide fans the opportunity to experience Jay-Z’s lyrical prowess up close and personal while simultaneously donating to a meaningful cause. All proceeds from ticket sales and concert merchandise will go directly to the New York Police and Fire Widows’ and Children’s Benefit Fund.
“This charity and concert encompass the true spirit of New York City,” Jay-Z commented in a press release. “We are asking everyone to ‘answer the call’ and support and honor the families of those that lost their lives in the line of duty. There was true camaraderie and resiliency that this city showed the world in 2001, and we continue that today by taking care of our own.”
Jay-Z joins the likes of Kanye West, Dave Matthews Band, and Fall Out Boy who have all taken advantage of this type of collaborative series. Though ticket sales information has yet to be announced, more information on the New York Police and Fire Widows’ and Children’s Benefit Fund can be found at www.answerthecall.org.
“Fuse Presents JAY-Z Live from Madison Square Garden: Answer the Call” premieres commercial-free in HD on Friday, September 11, at 9 p.m. EST on the Fuse network.


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Economics, Specialization Fuel Growth of Professional eLearning
A recent survey of RedVector.com clients indicates professionals and corporate leaders had different reasons for adopting online education: professionals cited the variety and depth of course offerings while corporate leaders cited cost savings and relevance of courses to business goals.
Recent research indicates the entire online professional education industry may experience similar growth in 2005:
- â€¢ Spending on online continuing education passed the $9 billion mark in 2003, according to IDC Research, and grew to between $12 and 14 billion in 2004, according to Bersin and Associates.
â€¢ IDC predicts a 30% increase in yearly e-learning spending worldwide through 2008.
â€¢ The number of companies using online learning to train employees will grow by 50% in 2005, according to Bersin and Associates.
Economics has been a driving force behind growth in online professional education. With online courses, companies no longer have to pay travel and hotel costs and employees can be more productive since they arenâ€™t spending time traveling.
Growth in online learning is also driven by specialization in course offerings. According to the Distance Education and Training Council, more than 500 companies and organizations now offer online courses focusing on specific industries and professions.
RedVector.com, for example, offers courses for professionals in engineering, architecture, construction, interior design, land surveying, building inspection, water and wastewater operations and landscape architecture. In just a few years RedVector.com has attracted 40,000 customers who can choose from 2,500 course titles authored by more than 100 exclusive subject-matter experts.
â€œWe expect demand for our online courses to almost double in 2005,â€ says Lisa Maier, Senior Vice President Marketing for RedVector. â€œA recent survey of our clients indicates theyâ€™re using RedVector.com because of convenience, time savings, cost savings and the variety of courses we offer. And they are highly satisfied with their online learning experiences, which is a real recipe for high growth.â€
RedVector.com is dedicated to helping professionals achieve their goals, advance their careers and enrich their lives through education. For more information, log on to RedVector.com or call 866-546-1212.


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Hills to distribute Panasonic Video Intercom Range in NZ
Panasonic NZ managing director, Stewart Fowler.
HILLS Ltd will partner with global electronics manufacturer Panasonic Corporation to distribute their range of video intercom solutions to the New Zealand (NZ) market.
A leader in the development of electronics technologies and solutions, Panasonic offers video intercom systems for residential, small to medium apartments and large commercial systems.
General manger of Hills New Zealand, Michael Collins, said Hills continued to develop its New Zealand business to create opportunities for sales and growth.
“Panasonic’s Video Intercom range will strengthen our offering in the residential market and multi-dwelling security market,” Collins said. “As the largest value-added building technologies distributor in the ANZ region, we have a deep understanding of the industry and what end-users want. Panasonic is a market leader in video intercom and we look forward to seeing strong sales.”
Panasonic NZ managing director, Stewart Fowler said Panasonic were excited to partner with Hills to make the range more accessible to New Zealand installers.
“Hills has the resources to drive sales and provide after sales support, we look forward to working with their team to build our NZ business,” Fowler said.