text:
Tesla got a badly needed reprieve from heavy institutional selling in stocks today after its annual shareholders meeting Wednesday. Grubhub remains in buy range after a breakout past a 106.80 buy point in a double bottom with handle.X
At 313.14, Tesla remains more than 19% below an all-time peak of 389.61. But a push above its 40-week moving average, currently near 320, would do the stock a lot of good. Why? It would mean the stock is making further progress on forming a new base.
Bases serve as launching pads for market leaders to break out and hit new highs. When a stock hits a new high, everyone (except for the shorts) is happy.
Meanwhile, blue chips helped push the Dow Jones industrial average to a solid gain of nearly 1% in afternoon trade. At least 12 of the Dow Jones' 30 components advanced 1 point or more. The Dow industrials hit a session high of 25,043 and is now 6% below its all-time peak of 26,616, set on Jan. 26.
At 2 p.m. ET, the S&P 500 gained nearly 0.5% while the Nasdaq composite lagged with a 0.3% lift. But the Nasdaq remains the top major index in year-to-date gains. At 7660, the composite index is up almost 11% since Jan. 1. Megacap tech leaders Apple (AAPL) and Intel (INTC) both cooled off but remain in firm uptrends. Both companies are also in the Dow.
The S&P SmallCap 600 gained 0.3% and continues to notch new all-time highs. At 1036, the 600 is up 10.7% since Jan. 1, vs. a 3.3% lift for the 500.
The top-performing names within the Dow Jones industrial average included money-center banks JPMorgan Chase (JPM), up 2.4% and trying to cross back above its falling 50-day moving average, and Goldman Sachs (GS) (up 1.5% in dull turnover).
Get exclusive IBD analysis and action news daily.
Among the two Dow components, JPMorgan is showing better action, with a 66 Relative Price Strength Rating from IBD Stock Checkup. Goldman's RS Rating is a dismal 24. Both stocks are in basing mode, meaning that they haven't reached a point yet in which they could set up a potential breakout to new highs and solid gains for new investors.
Big Banks Still Lacking Luster
A 66 RS Rating means JPMorgan is outperforming 66% of all publicly traded companies in IBD's database over the past 12 months. JPMorgan's 2.1% annualized dividend yield exceeds the 1.82% yield for the S&P 500.
Meanwhile, the yield on the benchmark U.S. Treasury 10-year bond edged up to 2.96%, rising for the third time in four sessions and up from 2.41% on Jan. 1.
Why Apple Is A Market Leader
Apple continues to act well ever since it broke out of a bottoming base, a first-stage cup with handle and a 118.12 buy point, on Jan. 6, 2017. Since that prime buy point, the iPhone and digital services titan formed new bases along the way, including an eight-week flat base in September to October of 2017. Most recently, Apple shares have rallied more than 8% since climbing out of a seven-week double bottom at 179.04 on May 4.
Notice on a daily chart how on that May 4 session, volume zoomed 61% above average levels. That's exactly what you want to see as a stock surpasses a proper buy point. The heavy turnover indicates that mutual funds, pensions, banks, insurance companies and hedge funds are loading up on the stock.
Apple is a member of IBD Leaderboard.
Volume is running mildly higher vs. the same time Tuesday on both exchanges. The positive price-and-volume action points to institutional accumulation, a critical element of all confirmed uptrends.
The solid earnings outlook, huge corporate buyback plan, and Apple's success in becoming a giant in digital services revenue (think its music service and Apple Pay) appear to stand as positive factors for further upside.
The Street has trimmed its profit estimates recently, but still sees the bottom line growing 25% in the current fiscal year ending in September to $11.49 a share and up 15% to $13.25 in FY 2019.
Grubhub, the leading company in the fast-growing market of online and mobile food ordering, fell more than 1% but is still acting fine. The 5% buy zone from the 105.78 buy point goes to 111.07. The stock struck a new high on Tuesday before fading.
The Chicago-based company's earnings have risen 35%, 77%, 21%, 45%, 13%, 22%, 61% and 79% vs. year-ago levels in the past eight quarters. Such numbers meet the C criterion in IBD's CAN SLIM seven-point paradigm; the C stands for "current earnings growth."
Revenue has climbed 32% to 49% over the same time frame.
The Street sees June-quarter earnings rising 58% to 41 cents a share.
How To Play Tesla
Returning to Tesla, comments from CEO Elon Musk that the company is still on track to ramp up production of the Model 3 electric vehicle to 5,000 cars per week are helping improve investor sentiment. Tesla shares rallied more than 6% to 309.82 in turbocharged volume.
On average, Tesla has traded 8.4 million shares per day over the past 50 sessions.
Tesla still worries investors about its cash burn rates, and is forecast to post a net loss of $6.82 a share this year.
But analysts currently see a profit turnaround as Tesla posts earnings of $2.37 a share in 2019. Tesla holds a float of 131 million shares and 170 million shares outstanding.
As seen on the daily chart, Tesla made three straight big advances in above-average turnover on April 3-5. Such nice moves help the stock's Accumulation/Distribution Rating to a neutral C on a scale of A (heavy net accumulation by funds) to E (heavy net distribution).
Stocks in bases or clearing new buy points include Intercontinental Exchange (ICE) (double bottom at 75.18), China social media network YY (YY) (working on the right side of a new base), Micron Technology (MU) (failed breakout at 63.52, watch for a new setup), and Arista Networks (ANET).
Luxury furnishings retailer RH (RH) rallied 3% to 109.10, breaking out of a double bottom with handle at 106.50. Volume is running mildly above average. The company continues to open new large-scale furniture galleries across the country.


text:
Putting informercial fitness items to the test
HOUSTON (KTRK) -- Getting into shape is one of the top New Year's resolutions most put on their list. So we thought we'd take a look at a few infomercial exercises that could be for you this year.
There's nothing like a good infomercial to grab your attention. Consumer Reports tested three -- Jay Glazer's Perfect Punch, Rhythm Rocker by Kymaro, and for women, the CoreBody Reformer.
"We rounded up staffers to try out each product," Kim Kleman with Consumer Reports said. "We called on a fitness industry expert to evaluate each one. We even had our nutrition expert take a look at the diets that came with two of the products."
The $30 Perfect Punch uses mixed martial arts techniques to get you in shape. But Consumer Reports found you can burn roughly the same amount of calories jogging four-and-a-half miles per hour for 16 minutes.
And it was far from perfect.
"It kept rubbing my chin,' said tester Eugene Chin.
"One more time those bands come snapping up and hit me in the ears, I was going to rip it in half," added tester Erin Gudeux.
Next up was the $99 Rhythm Rocker by Kymaro.
The Rhythm Rocker comes with several different workouts and a nutrition guide. Consumer Reports' panelists tried out the eleven-and-a-half-minute dance blast video.
Turns out you burn the equivalent of walking only two miles per hour on a treadmill.
"As for the seven-day diet, it's pretty strict so you could probably lose weight, but our nutrition expert said it offered limited food options and no maintenance program," said Kleman.
And finally, they tested the $250 Nautilus CoreBody Reformer for women. It combines yoga, Pilates, and dance in one workout.
Panelists found some of the balance exercises tricky, but overall this machine did well in Consumer Reports tests.
"The workouts are well-rounded, and if you're somewhat fit and are looking to improve your strength and flexibility, it might be one to consider," said Klemen.
Consumer reports says the CoreBody reformer can also help you improve your balance. Another advantage is the diet. They say it's easy to follow, and you can lose a slow and steady one to two pounds a week.
action13, jeff ehling
- Reliant Stadium may be changing names
- Two dead in apparent murder-suicide in Pasadena
- Employees shot outside Galleria area restaurant 16 min ago
- 2 NYC buildings collapse in explosion, 2 dead
- Live: Watch Eyewitness News live now
- River Oaks residents fighting to stop office building 31 min ago
- Rice U police officers cleared of wrongdoing in man's arrest
- Mateo states his case for cupcakes for dinner
- 'I'm dying' - Crocodile Hunter's final words
- Woman charged after allegedly kicking son in Walmart
- Girl gets finger stuck in recalled Easy Bake Oven
- Woman takes out frustration on Pennsylvania reporter
- Wrestler hugs opponent's dad after loss
- NJ honor student who sued parents returns home

domain: news


text:
YouTube dishes up online movie rentals - at a price
It's not you, it's me
YouTube has opened an online film rental store in the US, after it trialled the service in January.
The Google-owned company is charging 99 cents to $3.99 a pop for its range of film rentals. YouTube gives customers between 24 and 72 hours to rent a movie from its store (US only).
The ad broker tentatively tested out the YouTube service earlier this year with just five Sundance films offered during a 10-day run, which the New York Times said at the time pulled in $10,709 for Google during that period.
Now YouTube has ramped up its store and is offering more titles to customers in the US. However, it’s not clear how the firm plans to beat rivals such as Amazon and Netflix with its current biz strategy for the site, which launched quietly this week.
“When we announced YouTube Rentals in January we said we would be creating a destination after more partners joined the program. To date, we have nearly 500 partners that have joined our Rental program,” a YouTube spokesman told NewTeeVee. ®
Keep it Separate Stoopid
Youtube is synonymous with crappy webcam videos, overused memes and, for the most part, unintelligent uploads. I'd much rather have any rentals be separate from youtube, so that after I rent a movie I'm not recommended a video featuring cats. It's a nice move, but... keep it separate from the entirety of youtube.
Not that it is any good for me but I hope that they are not using the flash player for this or it will be pointless on OS X at anything like a decent resolution


text:
ThredUp, the oaklandbased thredup nasdaq 168m online secondhand clothing marketplace, made its debut on the Nasdaq stock exchange in March 2021. The company raised $168 million in its initial public offering (IPO), with shares priced at $14 each. The IPO was a significant milestone for the company, which has been on a mission to create a more sustainable and circular fashion industry.
ThredUp was founded in 2009 by James Reinhart, Chris Homer, and Oliver Lubin. The idea behind the company was to create an online marketplace for secondhand clothing that was as easy to use as traditional retail websites. ThredUp’s platform allows sellers to send in their gently used clothing, which is then processed, photographed, and listed for sale. Buyers can browse thousands of items across a wide range of brands and styles, all at discounted prices.
Over the years, ThredUp has grown into a major player in the fashion industry. The company has over 1.2 million active buyers and more than 428,000 active sellers. ThredUp’s revenue has grown significantly in recent years, reaching $186 million in 2020, up from $128 million in 2018. The company has also attracted a number of high-profile investors, including Goldman Sachs, Highland Capital Partners, and Redpoint Ventures.
ThredUp’s success is due in part to the growing demand for sustainable and affordable fashion. As consumers become more aware of the environmental impact of fast fashion, many are turning to secondhand clothing as a way to reduce waste and carbon emissions. ThredUp estimates that by buying secondhand instead of new, consumers can reduce their carbon footprint by 82%.
ThredUp’s platform also appeals to consumers who are looking for a more personalized shopping experience. Unlike traditional retailers, ThredUp’s inventory is constantly changing, with new items added every day. This creates a sense of urgency for buyers, who know that if they don’t act quickly, the item they’re interested in may be gone. The platform also uses data analytics to personalize the shopping experience for each individual user, recommending items based on their browsing and purchasing history.
ThredUp has also made a name for itself through its partnerships with major retailers. In recent years, the company has partnered with Walmart, Madewell, and Gap, among others. These partnerships allow ThredUp to reach new customers while also providing retailers with a sustainable alternative to traditional discounting. In the case of Walmart, ThredUp’s platform is integrated into the retailer’s website, allowing customers to shop for secondhand clothing alongside new items.
Despite its success, ThredUp is not without its challenges. The company operates in a highly competitive market, with a number of other online secondhand clothing marketplaces vying for consumers’ attention. ThredUp also faces the challenge of educating consumers about the benefits of secondhand clothing. While attitudes toward secondhand clothing are changing, there is still a perception that it is somehow inferior to new clothing. oaklandbased thredup nasdaq 168m.
To overcome these challenges, ThredUp has focused on building a strong brand identity. The company’s marketing campaigns emphasize the sustainability and affordability of secondhand clothing, while also highlighting the quality of the items available on its platform. ThredUp has also invested heavily in technology, developing proprietary algorithms to help streamline the processing and listing of items.
ThredUp’s IPO is a significant milestone for the company, but it also represents a major step forward for the sustainable fashion movement. By going public, ThredUp has the potential to reach a wider audience and accelerate the shift toward a more circular fashion industry. The company’s success demonstrates that there is a growing demand for sustainable and affordable fashion, and that online marketplaces like ThredUp are well-positioned to meet that demand.


text:
Consumers are shopping based on price, and they’re relying on influencers to get information before they buy.
The company is set to cut more than 100 jobs at a North Carolina distribution center.
The company disclosed the shuttering of its retail fleet in an SEC filing.
Retail and luxury stocks were mostly up in mid-morning trading on Thursday.
The struggling retailer is opting not to use any cash for an upcoming interest payment.


text:
Samsung has unveiled a brand new smartphone sensor displaying that extra megapixels might not at all times be higher. The ISOCELL GN1 is “only” a 50-megapixel sensor, however at a 1/1.3-inch measurement, it has comparatively massive 1.2-micron pixels to assist cameras carry out higher in low gentle. It additionally has twin pixel autofocus not not like the system discovered on Canon cameras, providing “DSLR-level auto-focus speeds” even in dimly-lit conditions, Samsung wrote.
If you want even higher low-light efficiency, the brand new sensor additionally makes use of Samsung’s Tetracell tech that merges 4 pixels into one. That shrinks the efficient decision to 12.5-megapixels — nonetheless a lot for many photographs — however multiplies the light-gathering energy by 4 occasions. Combined with the twin pixel AF, the “GN1 is able to focus on an object quickly even in extreme low-light environment to deliver both brighter and sharper results,” Samsung wrote.


text:
Cancer fear over new tooth whitener
Dentists are warning the public over the proposed sale of super-strength tooth whitener linked to cancer.
Under European Commission plans, the limit on concentration levels of bleach in over-the-counter products will rise 60 times, from 0.1 per cent to six per cent.
But a report by the EC's science experts warns the chemical can damage mouth tissue and may cause cancer.
EC officials have suggested a trial period of five years for the new regulations to keep track of any negative effects.
But the only precaution will be labels stating that a dentist should be consulted.
Last night the British Dental Association said: "We are concerned the EC is pushing for a solution that is much stronger than dentists consider safe to use without professional supervision."
Spyros Pappas, a former director-general of EC consumer services, said: "The scientific community has never said 'go ahead' with the products above 0.1 per cent.
"I am concerned big companies are exerting great pressure on the commission."
Last night a spokesman for the EC's industry section said a final decision would not be taken until September.
A highly successful brand from Australia, Cottons has a range of 100% natural cotton tampons, liner and pads which have no dyes, or chemicals in them and the range ishypo-allergenic. Available at Boots stores and through www.mypure.co.uk. Go to www.cottonsbrands.co.uk for more information and to contact us


text:
The new images once again show the HTC phone sporting a Samsung-like home button.
Like basically all of HTC’s smartphones, the One M9+ has been making a lot of rounds in the rumor mill before its official announcement. A lot of images showing the device have leaked in the past few weeks, and we also some official press renders leak out late last month. Now, more press shots have made their way online, and the most important thing they reveal is that the One M9+ will indeed have a home button.
This home button is expected to act as the fingerprint sensor instead of a traditional home button as found on Samsung phones. HTC has dabbled with fingerprint sensing technology before with the One M7 Max, but that didn’t really play out in the company’s favor as the sensor on the device was found to be rather inaccurate and inconsistent. It’s unclear if the One M9+ will feature a swipe-based sensor or one that can operate with a touch, but it’s a good indication that the Taiwanese manufacturer doesn’t want to get left behind the smartphone stalwarts in terms of hardware-based security features.
The press shots also reveal that the M9+ will be very similar to the M9 in terms of design, right down to the two-tone metallic design, and if we go by past rumors, the phone will be identical to the M9 in hardware except for sporting a larger higher-resolution screen and a MediaTek processor. The HTC One M9+ is set to be unveiled on April 8th in Beijing, so it won’t be long before we get to know everything about the device.


text:
It wowed us last year with a Batmobile-style concept car, and now Faraday Future has unveiled its first full production vehicle with all the fanfare one might expect of Apple's latest iPhone.
Understated is not on the horizon for the startup, which showed off its FF 91 electric car that boasts a not too shabby 0 to 60 in just 2.39 seconds at the Consumer Electronics Show (CES) in Las Vegas
Watch: The Faraday Future FF91 electric car in action
The company claims to have shaved 1.1 second acceleration time from the fastest Tesla, Elon Musk's electric car brand which Faraday Future hopes to rival.
After two-and-half years of development, the car will go into production for sale as early as 2018 with pre-orders already open by putting down a $5,000 refundable deposit.
The car will naturally in this day and age be fully connected, with apps, audio and the rest of your digital life available in the passenger seat thanks to LeEco, the Chinese tech firm which is also an investor in the company.
It may have lost the sleekest designs of last year's concept car which was likened to the Batmobile, but the FF 91 still looks slick and has real-life rather than theoretical features, such as recognition for keyless entry for passengers and drivers.
It also comes with driverless car technology that means that it can park itself, though it is not fully autonomous and this function suffered a technical hitch during its demonstration.


text:
Google said in October that mobile ads were on track to generate $1 billion in revenue in the coming year. Mobile users can call a business from within a Google ad or receive coupons for nearby stores. They can take cellphone photos of movie posters to pull up a trailer. With new technologies like near-field communication, advertisers could reward customers with loyalty gifts for walking into stores, Mr. Temsamani said.
Melbourne brothel wants order compelling Google to release info on anonymous reviewers Google has been served with a third preliminary disco...
The United Nations intellectual property agency (WIPO) is the latest front in the US-China trade war. http://www.theage.com.au/world/sad-am...
This website has some useful links and references: http://www.epiphanysolutions.co.uk/article-index/rights-and-laws-of-the-internet/
Are we too email dependent? Joceyln Noveck wonders if that is so in her article "In the age of e-mail and instant messaging, the lowl...


text:
Razer has announced it will release its new Deathstalker Ultimate PC keyboard, which will include versions of the customizable LCD trackpad and LED keypad found on the Razer Blade laptop.
Windows 10 build 10532 rolls out to Windows Insiders
Known issues in build 10532
windows 10 update
Windows 10 Mobile news
windows 10 mobile
HP EliteBook 1020 Performance: Windows 8.1 vs. Windows 10
The Top 10 apps no Windows 10 PC should be without
Razer has announced that it has now sold out of its first wave of units for its Razer Blade gaming PC laptop and that it will have the notebook back in stock in February.
Razer has launched a new teaser video for "Project Fiona" . The video claims Razer will introduce a new form factor for playing PC games on January 10 during next week's CES 2012 trade event.
Razer has announced that its Razer Blade high end PC gaming notebook will not be released by the end of 2011 as originally planned but will now come out in mid to late January 2012.


text:
Elm Analytics - Automotive Supply Chain Risk Digest #191 - October 2 - 8, 2020
Stay up to date on automotive manufacturers and suppliers affected by Hurricane Delta on Elm's free Impact of Severe Weather map:
Industry analysts believe there will be 50 to 100 new supplier bankruptcies in the next three quarters.
CHANGE IN MANAGEMENT
Former Volkswagen CEO Matthias Mueller has been named the new CEO of EV startup Piech Automotive. Piech was founded by former VW Chairman Ferdinand Piech's son Toni Piech.
Instrument cluster maker Visteon is cutting jobs as part of a $40M restructuring plan. The company has not revealed the exact number of job cuts planned.
A new study suggests that the cost of maintaining an EV over the life of the vehicle could be around 50% less than a typical combustion engine vehicle.
Hyundai is planning a full lineup of flying cars within a decade. The automaker expects to enter the flying car marketing in 2028.
Honda has confirmed the 17th US death related to a faulty airbag inflator made by now-defunct Takata. The driver of a 2002 Honda Civic was killed in an August 20th crash in Mesa, Arizona. The vehicle had been under a recall since December 2011, according to the automaker.
Hyundai recalled over 25k Kona EVs in South Korea over a possible short circuit that could cause a fire. The recall affects vehicles built between September 2017 and March 2020.
MERGERS, VENTURES, ACQUISITIONS
Angstrom Group acquired Vantec Inc, an injection molding supplier. The company will operate as Vantec LLC.
Tesla is acquiring Germany's ATW, a battery assembly line maker. ATW supplied BWM and Mercedes, but suffered financially due to the pandemic and was facing bankruptcy.
Continental is selling parts of its Vistesco Technologies and Contitech divisions. Vistesco produces powertrain systems, and Contitech focuses on rubber components. The divestment is part of Continental's $1.2B restructuring plan.
BorgWarner completed its purchase of Delphi Technologies late last week.
A Toyota-Panasonic JV will build lithium-ion batteries for hybrid vehicles at a Panasonic plant in Tokushima, Japan starting in 2022. The production line will have enough capacity to produce around 500,000 batteries per year.
GM tentatively agreed to purchase an 11% stake in Nikola, a revision after Nikola's stock price plummeted. GM would manufacture an electric pickup for Nikola and provide hydrogen fuel-cell technology.
Ford revealed it owns a 7.6% stake in Velodyne Lidar in an SEC filing.
DURA Automotive has broken ground on its new plant in Muscle Shoals, Alabama. The $75M, 200k sf facility will be completed by April 2021 and employ around 279 full-time workers.
Faurecia has opened its R&D center for hydrogen storage systems in Bavans, France.
Tesla warned workers that an employee was fired after they "maliciously sabotaged" part of its Fremont, California factory in September.
Toyota and Nissan will reportedly ask the UK to pay them back any customs charges leveled against their cars in the event of a "no-deal" Brexit.
BMW's CFO, Nicolas Peter, believes Brexit could cost the auto industry $13B without tariff-free trade.
To cut battery costs in half, Tesla plans to produce a new type of battery cell at its Berlin Gigafactory. Elon Musk says it could be a "significant production risk."


text:
Small businesses interested in learning more about the wide-ranging effects of the Affordable Care Act are invited to a free forum scheduled for Thursday, Aug. 8 at the Southern New Hampshire University Dining Center Banquet Facility.
Countdown to Oct. 1, 2013: The Affordable Care Act and Your Small Business will provide all of the information New Hampshire companies will need to comply with the employer mandate to offer health coverage to employees. Topics to be discussed include coverage for dependents and spouses, qualifications for the health premium tax credit, the composition of the new health exchange and the portion of insurance costs employers will be obligated to pay.
Athough many of the concepts explored will center around small business, larger employers will also find this conference helpful.
“This is a great opportunity to get ahead of the curve and learn how your company will be affected by this legislation,” said Northeast Delta Dental President and CEO Tom Raffio. (Read his guest blog on the topic.) “Having the right information prior to the introduction of the Act is crucial and we look forward to educating as many small businesses as possible with the help of some top industry experts.”
Presenters will include New Hampshire Insurance Department Commissioner Roger Sevigny, as well as representatives of the U.S. Small Business Administration, Northeast Delta Dental, Harvard Pilgrim Health Care, Anthem Blue Cross Blue Shield and Great New Hampshire Restaurants, Inc.
The forum is presented by the Center for Women’s Business Advancement at Southern New Hampshire University in coordination with Northeast Delta Dental, WGIR-AM, the Greater Manchester Chamber of Commerce, the Greater Concord Chamber of Commerce, the New Hampshire Division of Economic Development, Southern New Hampshire University and New Hampshire Business Review.
Monday started off quite nicely, thank you, with the announcement that New Hampshire will receive nearly $300,000 for the second year of funding of the State Trade Export Promotion.
This money will be used just like the acronym says – to help small businesses here in the Granite State take a STEP toward exporting their products overseas.
The announcement, which included remarks from US Sen. Jeanne Shaheen and Jeanne A. Hulit, the Small Business Administration’s Associate Administrator for Capital Access, was made at Axenics inNashua, a small manufacturer that makes specialized assemblies, clean piping products and gas systems. Right now, the company exports less than 10 percent of its annual sales, but it has worked with the International Trade Resource Center and made use of funding in the first year of the grant to investigate and increase its export potential.
“STEP is working for us,” said Haywood Schmidt, president of Axenics, who added that the 28-year-old company intends to grow over the next two years and create 35 new jobs.
Christopher Way, interim Director of the Division of Economic Development, said the STEP program, at the conclusion of its first year, “has provided a valuable infusion of assistance to small businesses and funding for state export programs.”
In the first year of the STEP program, 24 New Hampshirecompanies received assistance from the grant and in the second year, that will continue. Matching grants will be available to qualified businesses to offset the cost of export promotion, including tradeshow fees, translation of websites and developing marketing materials.
By stepping up to this mission, the participating companies will receive a wealth of information and make valuable connections that will, ultimately, open trade opportunities.
“Those of you familiar withNew Hampshire government know one thing – we don’t like to sit on the sidelines and our businesses have no interest in standing still while the global economy swirls around us,” Way said. “ This is why STEP is important.”
W.S. Badger Co., in Gilsum, NH, worked with the Office of International Commerce to research potential export markets.
Like many small business owners, Kathleen Johnson juggles everything from overseeing the manufacturing process to marketing her product, Lickity Bits.
Located up in the North Country town of Columbia, it caters to owners of horses by encouraging horses to accept bits. She has a niche product, but knows that she could grow … well … unbridled … especially outside the U.S.
“As a small business owner, it is a daunting task trying to navigate through international markets that may be available,” Kathleen said.
“We learned that Brazil is a potentially key market for us, since it has the third highest horse market worldwide and prospering economy,” she said.
The OIC received a grant from the Eastern Trade Council to provide market research about the Brazilian market to her and several other businesses.
Why Brazil? The South American country has the seventh largest economy in the world, which is weathering the global economic challenges better than other parts of the globe. With a diversified economy and an expected surge in infrastructure improvements from now until the 2016 Summer Olympics being held there, U.S.exports are increasing rapidly.
“In a very competitive market, (the research) located one company interested in receiving information from WMI,” said Frank Morabito, the company’s international sales product manager.
Out in the Monadnock region, W.S. Badger Co. makes organic body care products, employing about 40 people at its new Gilsum plant. No stranger to the OIC, it has worked several times with the staff, most recently to help find a distribution partner in Russia.
“This service proved itself very valuable, as it allowed us to enter the market with a company that is screened and trusted,” said Stephanie Ritchie, Badger’s international accounts manager. “Our sales have grown slowly, but steadily, and we look forward to continuing to expand our business inRussia.”
If your company is considering exporting, you may be eligible for a grant that will pay for market research. The funds are part of the State Trade Export Promotion grant, which will, for qualifying businesses, provide these services at no cost. Available through the U.S. Commercial Service, the research usually costs between $500 and $750.
Orders for the services must be placed by mid-September. For more information, contact Kasim at 603-271-8444 or email Tina.Kasim@dred.state.nh.us.
Three thousand miles from and five hours ahead of New Hampshire, the Farnborough International Air Show is open for the second day. Noisy and exciting, the trade show is a global showcase for the aerospace industry and the Granite State is a part of it all.
Thanks to a State Trade and Export Promotion (STEP) grant, Corfin Industries of Salem and EPTAM Plastics of Northfield are joined by other aerospace and defense companies from Maine and Vermont in our own Best of New England booth and, may we say, holding our own with the presence of larger states who are touting their industries.
At the opening ceremony Monday in front of the US Pavilion, Under Secretary of Commerce for International Trade Francisco Sanchez spoke of the critical importance of aviation to the economy, noting that it contributed $86 billion in export sales to the US economy and a positive trade balance of $47 billion.
For our two manufacturers joining us on this trade mission, Farnborough is a chance for them to connect and make connections globally, which will lead to orders for their products and services, keep their companies strong and their businesses reaching new heights.
The sun is out today in Farnborough. The morning’s shift of airplanes and preparation for aerial displays is drowning out conversation.
It’s a pretty good day.
Throughout the day, we’re posting updates and photos on our Facebook page.
The U.S. Small Business Administration is seeking nominations for awards honoring the critical economic role small businesses play in federally funded research and development through SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
Three awards will be given, one for companies that have participated in the SBIR/STTR programs, one for individuals who advocate on behalf of the programs, and a third “Hall of Fame” award recognizing companies that have an extended period of extraordinary success of research, innovation, and product commercialization within the SBIR or STTR program.
The Tibbetts Awards are named after Roland Tibbetts, who was instrumental in developing SBIR, a highly competitive program to ensure small businesses get a chance to compete for federal research and development funding, along with the opportunities it provides to profit from commercialization of the technologies they develop.
The SBIR and STTR programs currently account for more than $2.5 billion per year in federal R&D funds and are coordinated by the SBA in cooperation with 11 other federal agencies with large external research and development budgets.
The awards are presented to companies and individuals that are beacons of promise and models of excellence in high technology. Typical of past award winners are a Maine company that created a self-propelled and eco-friendly “AquaPod” for sustainable aqua-culture. A previous Hall of Fame award winner that won numerous SBIR grants – a major west coast chip manufacturer – started with a staff of 35 and has expanded to a global work force of 17,500.
Selections for Tibbetts Awards are based on several factors, including the economic impact of the technological innovation, overall business achievement and demonstration of effective collaborations.
Nominations for these awards opened December 15, 2011 and will close 5 PM EST on January 31, 2012. Awards will be presented in Washington, DC, in April 2012. To submit a nomination, please visit tibbetts.challenge.gov (Tibbetts Awards – companies and individuals) and sbirhof.challenge.gov (Hall of Fame Awards).
Have you ever wondered about how a competitor received a contract with a federal or state agency?
Does the thought of selling your product or service to state, local or government agencies cause you to sweat and worry about an endless stream of expensive and complicated paperwork?
If you wanted to begin, where would you even start and who could you ask for honest advice?
On December 15th, the New Hampshire office of the U.S. Small Business Administration (SBA) and the NH Procurement Technical Assistance Program (NH-PTAP) will present their first of several “Everything You Want to Know About Government Contracting But Were Afraid to Ask!” roundtable sessions for small business owners or key employees in small businesses who are thinking about joining the hundreds of New Hampshire small businesses who sold over $275 million dollars in goods and services to federal agencies.
According to Dave Pease, Program Manager of the NH-PTAP, “The companies that have achieved success in selling to federal or state agencies or large federal contractors have several things in common. They all have asked questions, they all have experienced frustration at some point and they all have persevered with a winning bid or proposal.”
At the upcoming roundtable business owners will hear contracting specialists discuss real and perceived barriers that businesses encounter as well as strategies and supportive resources you can use to overcome barriers and gain access to these opportunities.
Thursday, December 15, 2011
1:00 p.m. to 3:00 p.m.
The New Hampshire Innovation Commercialization Center Conference Room
75 Rochester Avenue
Portsmouth, NH 03801
This session is offered free of charge, but space is limited. Please contact Rachael Roderick at 603 225-1603 or email@example.com to register.
Psssssssssssssssstttttt……buy local, buy American and buy often. Here are a few press releases that can assist you in this endeavor.
Make a Difference on Small Business Saturday®
As a proud supporter of Small Business Saturday®, a day dedicated to supporting small businesses on one of the busiest shopping weekends of the year, the U.S. Small Business Administration is encouraging every American to support small businesses by doing some of their holiday shopping on the Saturday after Thanksgiving at small businesses.
This year’s Small Business Saturday® is Nov. 26, 2011.
“Small businesses are the foundation of our economy – half of America’s workers either own or work for a small business,” said SBA Administrator Karen Mills. “Small Business Saturday® is an opportunity to show our support for our friends and neighbors who throughout the year are growing our local economy, as well as supporting many local initiative and organizations.”
Nov. 26 marks the second annual Small Business Saturday®, a day to support the local small businesses that create jobs, boost the economy and preserve neighborhoods around the country. First there was Black Friday, and then Cyber Monday, and now Small Business Saturday® will help drive shoppers to America’s job creators. Small businesses have generated two out of every three net new jobs over the past 15 years and employ over half of all private sector employees.
For more information on how to support Small Business Saturday® in your area, or to get great Small Business Saturday® marketing tips and resources, check out www.sba.gov/saturday or visit Facebook.com/smallbusinesssaturday and follow us on Twitter @SBAgov, #SmallBizSat.
NH Made Gifts Available
Our NH Made Stores on I-95 in Hampton are brimming with NH-made food items and handcrafted products. The stores will be closed Thursday for Thanksgiving but open Friday, Saturday and Sunday and daily through Christmas. You can also shop online from the convenience of your home at www.nhmade.com and choose “Shop Online.”
Wild Orchard Guest Farm
NH Made Members Working with Members: Shop, Sip, Primp 2011 At the Wild Orchard Guest Farm, 67 Candia Rd., Deerfield NH on Saturday, November 26th from 4-8pm. After the busy Thanksgiving holiday, enjoy complimentary hor d’oeuvres and drinks while relaxing with friends before a crackling fire. Pamper yourself with a complimentary manicure from Fancy Nails Spa and Boutique. Tour the Inn’s magnificent rooms and lovely grounds. Gaze at the stars from the cozy depths of the outdoor Jacuzzi! While treating yourself, you’ll also have the opportunity to browse local artist’s creatively displayed holiday offerings. Talented artists and vendors showcasing their goods and services are: Bead Bush Studio jewelry, Divine Detailing auto detail, Fancy Nails Spa and Boutique, Ed Gerhard guitar cds, Teresa Harris Jewelry Designs, Barbara King knitted designs, Mystic Lifestyles textiles, Nicola King Designs bags and accessories, Northwood Naturals bath and beauty, Simple Pleasures photo cards and soy candles, Kristy Stevens ornaments, Tattered Rabbit Farm birdhouses, Wild Orchard Guest Farm crafts. Interested in making the night a true get-a-way? Call Molly at 603-261-7742 or www.wildorchardguestfarm.com for reservations.
Thirteen businesspeople were honored Thursday night at the New Hampshire Business Review’s ninth annual Business Excellence Awards, which recognize the efforts and achievements owners and operators of companies with 100 employees or fewer.
More than 300 people attended the Oct. 27 event, which was held at the Radisson in Manchester.
NHBR also announced two inductees into the Business Excellence Hall of Fame, which singles out people whose entire careers have been marked by a consistent and impressive record of accomplishments, both in their chosen fields, in their communities, and across the state and beyond. These honorees were selected by a separate panel of judges.
The 2011 Hall of Fame inductees were Howard Brodsky, co-founder of CCA Global Partners, one of the largest privately held companies in the United States and one of the largest cooperatives in the world, and the Singer Family, owner of Merchants Automotive Group, a multifaceted, $200 million auto company, including a long-term fleet leasing division that is one of the largest in the Northeast.
“Each of the businesspeople who receive these honors has a different story to tell,” said Sharron McCarthy, president of McLean Communications and publisher of NHBR. “But what they have in common is determination, industriousness and the ability to come up with innovative solutions that have allowed their businesses to survive and thrive, regardless of economic conditions, and a commitment to serving their communities.”
Jeff Feingold, editor of NHBR, said, “We would like to salute all of the nominees, the people who nominated them and the winners themselves for their contributions toward making New Hampshire a great place to do business.”
Emcee was Erin Fehlau, WMUR’s weekday morning and noon news anchor. A portion of the proceeds from the evening benefited Court Appointed Special Advocates, or CASA, which advocates for New Hampshire children in the state’s court system in cases of neglect and abuse.
The winners of the 2011 NHBR Business Excellences Awards were:
Excellence in Business Services — Guy Sylvester, Absolute Resource Associates, Portsmouth
Excellence in Construction (tie) — Jerry Kingwill, Cobb Hill Construction, Concord; Jason Foster, Foster’s Professional Painting Plus LLC, Claremont
Excellence in Financial Services — Michael L’Ecuyer, Bellwether Community Credit Union, Manchester
Excellence in Health Care — Paula Gagne, Regency Nursing Care, Manchester
Excellence in Hospitality — Emeran Langmaid, A&E Custom Coffee Roastery, Amherst
Excellence in Media & Marketing — Erik Dodier, PixelMEDIA Inc., Portsmouth
Excellence in Nonprofits — Brian Young, Nashua Center for the Multiply Handicapped
Excellence in Professional Services — Thomas Brueckner, Senior Financial Resources Inc., Nashua
Excellence in Real Estate — Dick Anagnost, Anagnost Investments Inc., Manchester
Excellence in Retail (tie) — Sy Mahfuz, Persian Rug Galleries, Nashua; Lynda Nelson, Quest Martial Arts Academy, Barrington
Excellence in Technology — Cheryl Gamst, CCS New England, Nashua
The judges for the 2011 NHBR Business Excellence Awards were:
Chris Bernard, vice president, business banking relationship manager, Citizens Bank
Steve Boucher, communications manager, New Hampshire Division of Economic Development
Mary Collins, state director, New Hampshire Small Business Development Center
Bob Esau, executive vice president of Wealth Management, Laconia Savings Bank
Greta Johansson, New Hampshire district director, U.S. Small Business Administration
Patrick F. McDermott, economic and community development manager, Public Service of New Hampshire
Dr. Russ Ouellette, managing partner, Sojourn Partners, Bedford
Michele Petersen, vice president of operations, abi Innovation Hub, Manchester
Joe Reilly, cofounder and president, Centrix Bank
Chip Underhill, executive director of public relations and external affairs, Pinkerton Academy, Derry
Sponsors of the event were FairPoint Communications, Laconia Savings Bank, Harvard Pilgrim Health Care of New England, J Maze Design, Public Service of New Hampshire, New Hampshire Division of Economic Development, Merrimack Street Volvo, WGIR-AM 610 and New Hampshire Public Television.
On behalf of all of us at the New Hampshire Division of Economic Development, thanks to our friends at the New Hampshire Business Review for a great awards celebration and congratulation to the winners and nominees!!
Last year more than 80 federal agencies and departments purchased in excess of $275 million in goods and services from 235 New Hampshire based small businesses. 109 of these companies were owned by veterans and they accounted for sales to federal agencies totaling more than $50 million. These purchases had values from the hundreds of dollars up into the millions.
As the world’s largest buyer of products and services the U.S. Government is committed to purchasing a portion of these from veteran owned and service disabled veteran owned businesses. How do veterans get to participate in marketing and selling to federal agencies? While it can seem like a daunting task to add the federal government as a key customer, it is being done by more and more businesses each year. More importantly, help is available to guide you through the process of identifying and responding to sales opportunities.
To help you get started in the right direction in navigating the government contracting process, representatives from the U.S. Small Business Administration (SBA) along the NH Procurement Technical Assistance Program (PTAP) will be presenting an overview of how the government contracting process works and how YOU can get started. These presentations will be made at four – two hour seminars in the months ahead. The seminars are presented for free to participants however due to space limitations pre-registration is required.
Join us, and discover the programs and services available to help you win in the world of government contracting.
Dates & Locations:
November 9, 2011 Hesser College – Manchester (1:30 – 3:30 p.m.)
February 1, 2012 Hesser College – Salem (1:30 – 3:30 p.m.)
May 2, 2012 Hesser College – Portsmouth (1:30 – 3:30 p.m.)
June 20, 2012 Hesser College – Nashua (1:30 – 3:30 p.m.)
For registration, questions or additional information contact Rachael Roderick at the U.S. Small Business Administration office in Concord 603-225-1603 email: Rachael.firstname.lastname@example.org or Miguel Moralez – Miguel.Moralez@sba.gov or 603-225-1601.
Small businesses throughout the Granite State continued to make gains in accessing vital capital through a growing number of lenders who employed loan guarantees for U.S. Small Business Administration (SBA) loans. The increased lending activity was intense during the first three months of the year.
New Hampshire SBA Office District Director Greta Johansson
In New Hampshire, fiscal year 2011 saw over $150 million dollars injected into small businesses through 762 loans approved using the SBA’s loan guarantee programs. This represents a 33% increase in total dollars loaned to small businesses when compared to 2010 and a 70% increase in SBA guaranteed loans since 2009. The increase in New Hampshire lending is comparable to the nation-wide increase in SBA activity, which set an all time $30 billion record.
Greta Johansson, District Director of the New Hampshire SBA Office commented, “I am greatly encouraged by the results for the 2011 fiscal year. The data demonstrates that our SBA lenders throughout the state are actively looking for opportunities to lend to qualified small business owners.” The 2010 Jobs Act provided temporary enhancements that spurred loan activity during the fall; permanent provisions, however, including a substantial increase in lending limits, helped SBA loan growth continue through the year.
In fiscal year 2011, 762 SBA guaranteed loans were approved for New Hampshire businesses. The total value of the financing included approximately $50 million for the acquisition or real property and fixed assets through the SBA 504 program. In addition, 645 loans approved through the SBA 7a program for nearly $100 million providing funds used for predominantly for working capital and new equipment purchases. This is the highest level of SBA financing in the state since fiscal year 2006.
The capital provided through SBA loans goes directly into the hands of small businesses that are saving and creating jobs each day. The loans are used to provide working capital, financing for new equipment purchases, business acquisitions and real estate purchases.
In concluding her comments on the 2011 year end results Johansson continued, “It is a good sign that small business owners in our state continue to increase their financial commitments in their businesses. In like fashion, our community banks and credit unions in growing numbers have responded to their small business clients through the use of SBA’s loan guarantee programs when needed. We look forward to 2012 as a year where these positive trends continue.”


text:
Molly Prince, DCNF
Dick’s Sporting Goods took a loss of an estimated $150 million in sales last year after the company heavily restricted firearm purchases and began advocating anti-gun propaganda.
The company made various policy changes after a school shooting in Parkland, Florida, left 17 dead. It announced it would no longer sell modern sporting rifles or high-capacity magazines, and increased the purchase age for all firearms to 21.
Dick’s also hired anti-gun lobbyists to promote gun restriction legislation, despite saying it still supports the Second Amendment.
“The system does not work,” said Edward Stack, Dick’s CEO. “It’s important that when you know there’s something that’s not working, and it’s to the detriment of the public, you have to stand up.”
The anti-gun shift made massive waves when it was first announced in February 2018 and Stack was accused of violating fiduciary duties by knowingly and purposely giving up money. Some gun manufacturers cut ties with Dick’s and the National Shooting Sports Foundation (NSSF) expelled the company from its membership. The loss of customers was also almost immediately felt.
“Sales are so anemic and relations with gun manufacturers such as Mossberg so poor right now that you’ve even indicated Dick’s might get out the gun business entirely,” David Almasi, a vice president at the National Center for Public Policy Research, said in June on a shareholder’s call. “Meanwhile, Sportsman’s Warehousereports that their gun sales and net sales were up 15 percent during the first quarter. That company credits consumer backlash against companies such as Dick’s as partially responsible for its success.”
However, Stack also received praise from anti-gun activists, and a “buycott” was even launched to reward Dick’s with purchase power. The loss in gun sales ultimately outweighed the gain from the buycott, which eventually ran out of steam. Regardless, Stack revealed that the $150 million loss was worth it, according to a Bloomberg report published on Friday.
“Love is fleeting,” Stack said. “Hate is forever.”
Send tips to [email protected]
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- The Florida candidate laser-focused on eradicating horrific animal crimes - March 22, 2024
- Sabo: ‘Rush was our GOAT, there was no equal and he made it look easy’ - February 18, 2024
- Dana Bash appears to want to crawl out of her own skin when Ramaswamy ‘goes there’ on J6 - December 7, 2023
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.


text:
The Economic Club of New York has hosted kings, prime ministers, and presidents, as well as Amazon.com Inc.’s Jeff Bezos and JPMorgan Chase & Co.’s Jamie Dimon. Central bankers’ comments at the 115-year-old organization have moved markets. Sam Bankman-Fried, a 30-year-old cryptocurrency billionaire, is probably the first person to play a computer game while giving a talk.
As the featured guest one morning in February, Bankman-Fried looks schlubby as usual, reclining on a gaming chair in blue shorts and a gray T-shirt advertising his cryptocurrency exchange, FTX, his mop of curly hair flattened by his headphones. He’s speaking by Zoom from his office in the Bahamas.


text:
Even though this week's weather has been less than ideal for spending time at the pool, it's been great for Palisade peaches. EARTH Women's Leather Athletic-Inspired Oxfords Lace Up shoes Size 6 Nurse DeviMerrell AllOut Fuse Sleet Lime Minimalist Running shoes Womens Size 7.5
The billboard reads, "Welcome to Colorado, where you can get a safe, legal abortion."
We are less than a week away from the JUCO World Series, and some businesses say they are ready.
Graduates from Central High School were up bright and early at Stocker Stadium.
A local record store took advantage of the Downtown Music Festival this weekend.
Europe Womens Lace Up Flats Strappy Gladiators Pure Candy Knee High Boots shoes
You might think of the Grand Junction Motor Speedway as a go-cart track, but this weekend it was part of a national...
The Golden State Warriors advanced to the NBA Finals for the fifth straight year with a 119-117 victory to sweep the Portland...JBU by Jambu Lorna Cold-Weather Boots, TanBanana Republic Women’s Rainboots Size 7 EUC color Burgundy W Multi Top
Currently undergoing rehabilitation, the 63-year-old hopes toVince Camuto Beige Ankle Boots Women's shoes Size 8 M NEWWomens High Heel Pointed Toe Brogue Lace up Wing-Tip Oxfords Biker Ankle Boots get a prosthetic leg and return to farming as soon as...
U.S. Agriculture Secretary Sonny Perdue says theKaren Scott Womens Deliee Round Toe Knee High Riding Boots Department is working 'feverishly' on a...
A local foster parent was honored earlier this month in Denver for her work in foster care.
Sutton Calahan, 17, couldn’t believe a recent message ADIDAS NZA Women's G09051 3 Streifen The Brand Hi-Top Athletic shoes Sz 10he got on Snapchat. He says it came from an unknown account.Keds Women's Coursa Metallic Sneaker
Federal prosecutors say a man has agreed to ROXY sz 9.5 White Leather Womes Laguna bluee Aqua Embroidered Trim shoesSkechers Womens Sneaker size 6.5M Grey Suede and Mesh Comfort shoes WF40 FW38Bed stu womens boot size 10plead guilty to stealing a ring-tailed lemur from a Southern California zoo.
Subtropical Storm Andrea formed a few weeksEARTH booties 6.5 Perforated Intrepid Open Toe Taupe Zip ECU MSRP before the 2019 Atlantic hurricane season officially begins.
U.S. District Judge Amit Mehta said Trump cannot block a House subpoena of financial records.FAST Women Mid Calf Knee High Boots Fringe Tassels Tribal Faux Suede Boots HOT
Pear Park Elementary hosting “Culture Day” to help teach students about different countries. Friday,...
The U.S. government says a 16-year-old GuatemalanCelebrity Pink Drew Wide Calf Boot - Women's - Taupe Brown Size 7 1 2w-wcFiretrap Coven Snug Boots Ladies Slip On Faux Fur Leather Upper Suede Winter died Monday at a Border Patrol station in South Texas, the fifth death of a...
One of the men accused of burying Kyle Free’s body up OLD WEST Distressed Leather Cowboy Boots Womens Size 8.5 Style SCL7014KESMAL® Women Wedges shoes High Top Pumps Women Casual shoes Female Heighton the Mesa last year pleaded not guilty in court Friday.
The baby joins 5-year-old sister North, 3-year-old brotherBandolino Carlita Women's Boots BKMU Size 9.5MSexy Womens Printed Over Knee Boots Floral Stilettos Heels shoes Warm Plus Sz USWomen Suede Slim Heels Pointed Toe Zipper Casual shoes Over Knee High BootsSize Saint and 15-month-old sister Chicago.


text:
In a new round of funding led by Dubai-based Abraaj Group, online grocer BigBasket has rounded up a mammoth sum of $150M (~INR 1,000 crore). The delivery service is looking to expand strengthen its existing service in order to overthrow competition.
Fresh investors International Finance Corporation and US-based Sands Capital as well as existing backers Bessemer Venture Partners, Helion Advisors, Zodius Capital and Ascent Capital invested in BigBasket in the latest funding round, which was implemented in multiple segments over the past seven months.
According to an investor, the company raised the sum after being evaluated for about $500M, which makes BigBasket India’s most valuable enterprise focusing on a specific category in the ecommerce space.
“We have a unique opportunity to build one of the largest grocery businesses in the country, whether offline or online,” said VS Sudhakar, a cofounder of BigBasket. Hari Menon, CEO at BigBasket, said the company’s strength lay in its supply chain integration for its fresh fruits and vegetables segment, where competitors like Snapdeal-backed PepperTap and Grofers face hurdles because of their reliance on local stores.
BigBasket disclosed that the funds raised will be used to fueled the company’s expansion in existing markets and into smaller cities across India, scale up its recently launched express delivery and specialty store business, along with increasing its product range. The company expects gross merchandise value, or gross sales excluding discounts and promotions, of $300 million for 2015-16.
In the past few months, the Indian consumer has seen a massive rise in the grocery ecommerce sphere. With Grofers, AskMe, PepperTap and many more playing the field, BigBasket really needed this round of funding.
“As India moves towards organized retailers that offer standardised quality, comfort and speed in the shopping experience, we look forward to guiding BigBasket in its next phase of development,” said Omar Lodhi, Partner and Head of Asia for Abraaj Group.
Source: Economic Times
What Kind Of Apricots Are The Best?
Fresh apricots make an awesome sweet fibre filled snack that are relatively low in carbohydrate. Dried apricots like fresh apricots...
Craftsvilla Acquires PlaceofOrigin, Ethnic Foods E-tailer
Craftsvilla is entering the online gourmet food marketplace with the acquisition of PlaceofOrigin, a Bengaluru based ethnic food e-tailer. Craftsvilla...
Simba’s Authentic Craft Beer Roars Its Way Into Bengaluru!
After a roaring response in Goa and Delhi, Simba Craft Beers has finally launched their Simba Wit and Simba Stout...
The Resto-Boutiques That Are Giving Chennaites The Perfect Escape
Over the past few years, resto-boutiques have been picking up steam and more and more have been popping up all...
Get Away From The Internet World With KFC’s New Escape Pod
After gifting a fan a Colonel Sander’s portrait, KFC is in news again for its latest venture. They’re trying to...


text:
A brand new all-vegan pub is opening its doors in London, and they’ll be serving up tasty dishes such as chip burritos and ‘tofish’ and chips.
A brand new all-vegan pub is opening its doors in East London on the 11th January. The Spread Eagle is the brainchild of vegan-favourite Club Mexicana restaurant’s owner Meriel Armitage, along with business partners Luke McLaughlin and Sherri-lee Estabrook.
Keen to break the stigma that vegan food is bland, boring and salad-based, the pub will be serving up a range of traditional pub-grub such as beer-battered vegan fish and chips, vegan chorizo and chip burritos.
Speaking to the Evening Standard, Armitage, whose cult vegan taco joint Club Mexicana is already a street food favourite across the capital, said: “Being a vegan is not just about food. It’s what you’re drinking, what you’re sitting on, what you’re wearing.”
“Just because food’s ethical doesn’t mean it can’t be naughty,” she says. Theirs is proper pub grub (the third partner in The Spread Eagle is publican Sherri-lee Estabrook): “scallops” made from king oyster mushrooms and poached in garlic oil; Jackfruit carnitas; vegan chorizo and “cheez” (non-dairy cheese made from soya and coconut oil to mimic fried cheese’s creamy texture) drizzled over nachos; beer-battered “tofish” and chip burritos, where the seafood is tofu wrapped in seaweed wrapped in beer batter, and tastes just like fish.
But of course it’s not just the food that’s vegan in The Spread Eagle, there is also vegan beer. Whilst many brewers use egg whites, gelatine or isinglass (made from fish swim bladders) in the clarification process, they’ve chosen beers from breweries that don’t use these methods of clarification. They will also be serving hand selected small batch wines that you would rarely find on a regular pub menu.
Armitage says vegan food is exploding the myths around it. “We’ve got something on the menu that looks like the best Mexican fried chicken burger ever. It tastes like it too. You blow people’s minds when they find out it’s vegan.”
This exciting news follows just days after another London pub, The Blacksmith & Toffeemaker, announced they were ditching their meat grinder and going vegan.


text:
Through the latest beta launched in China, Xiaomi has incorporated new animations for the on-screen fingerprint reader. Of course, we are faced with new exclusive designs for one of its latest smartphones, the Xiaomi CIVI.
Although, MIUI already incorporates various effects for the fingerprint reader, the latest closed beta of MIUI brings with it an new effect much more striking and at the same time advanced of which we could find to date.
A new butterfly effect exclusive to Xiaomi CIVI
As we can see below, Xiaomi has rolled out a new butterfly-shaped animation design for its Xiaomi CIVI. After placing our finger on the screen, it starts showing a quite striking effect that will undoubtedly be very well received, especially among female audiences.
That if, as we said, it is about an exclusive functionality of the MIUI Chinese ROM and specifically of the Xiaomi CIVI. Similarly, we cannot rule out the possibility that it is a new set of animations that we would see debut alongside MIUI 13.
In summary, new effects and animations that will give MIUI a touch of greater customization. Now we will only have to wait and see if these end up arriving globally and to a greater number of devices.
Via | XIAOMIUI


text:
German Chancellor Angela Merkel says Volkswagen must act in a “transparent manner” as it deals with an emissions test scandal that has rocked the entire automobile industry.
During her weekly podcast Germany’s chancellor said, “A lot will depend on how Volkswagen deals with the issue.” She adds that VW could recover if it acts transparently and changes its organizational structures so that nothing similar can happen again.
“I believe VW is working on this with all of its power,” she said.
Volkswagen proudly adhere’s to its “Made in Germany” slogan and consistently talks about its German engineering sensibilities.
Nearly six weeks ago the company was found to be falsifying U.S. diesel emissions tests. VW is now under pressure to identify those responsible for the cheat devices, while fixing upward of 11 million affected vehicles, and simultaneously convincing regulators, investors and customers that the company can still be trusted moving forward.
Early estimates place the cost of the scandal at $33 billion. That money will be used to pay fines, issue recalls for hardware and software upgrades, and likely to pay for lawsuits brought by Volkswagen vehicle owners who feel duped by the company’s lies.


text:
Drone Technology and COVID-19: Expect Fast Developments As Acceleration Occurs
It’s a different and dramatic world with things moving at a furious pace.
Last Friday, we noted that we would see an increasing role of drone technology – particularly with food, medicine and more. We also made note of the likely use of this technology as healthcare groups and hospitals establish testing facilities that are removed from the rest of the physical location, i.e. parking lots.
With that in mind, our newsfeed shared this article with us today:
Drone delivery startup lifts off early with medical samples
March 2020, iCrowdNewswire
As doctors in Xinchang County, Zhejiang test patients for COVID-19, they’re using a tool borrowed from the Jetsons: flying robots are helping them move testing samples and supplies faster than they could go on roads.
The semi-rural county offers a preview of a world many expect to live in soon. People have talked about airborne deliveries for years. With the COVID-19 crisis, the players are lining up to make it happen.
When doctors at the People’s Hospital need to send a sample for testing, they go to an Antwork landing pad. At the tap of a smartphone, a heavy six-bladed drone lifts off, carrying a briefcase-sized payload on the approximately 2.5 mile trip to the local public health testing center.
Antwork, a Hangzhou-based startup, has put its drone logistics system into practice a few months ahead of schedule to deliver nucleic acid testing samples between two hospitals to local public health authorities in Xinchang county.
In the wake of the highly infectious illness, Chinese tech companies, especially takeaway and on-demand service platforms, have proposed a “contactless delivery” initiative, appealing to food delivery drivers or couriers to avoid direct contact with customers.
You can access the full article here.
Note the specific application to healthcare:
The Xinchang county network, which was first put into use in early February, skips the cars and flies parcels directly to stations placed on hospital grounds.
The company was already planning to start with hospitals. “We were planning to launch the drone logistics system for commercial medical uses later this year anyway, but the epidemic outbreak has pushed us to put it into real-life use now,” Zhao Liang, co-founder and chief operating officer of Antwork, told TechNode.
The company said in a statement (in Chinese) that the system it set up in Xinchang county delivers medical supplies and nucleic acid testing kits between two downtown locations and one satellite town.
The company said in the statement that the initial flights showed that the system saved more than half of the time needed to deliver using ground transport.
Here at LI&D, we believe this is a sufficiently important future application, and invite you to share it with those you know in government, the medical community, first responders and more.


text:
[TechWeb] reported on December 15th news, self application developers Mito company landed on the main board of Hongkong today, the stock code is 01357.HK. Mito said yesterday’s announcement, the IPO price limit of HK $8.5 to determine the issue price, the number of shares issued 574 million shares, the net proceeds of approximately HK $4 billion 688 million, 500 shares subscribed hand, a success rate of one hundred percent.
Mito today landed in Hongkong motherboard has been oversubscribed 1.39 times
announcement that the U.S. public offering of Hongkong has been oversubscribed 1.39 times. In addition, the final number of international offering of 516 million shares, accounting for more than 90%. Among them, Beijing based industries has subscribed 109 million shares.
prospectus shows that in the first half of 2016, Mito revenue 585 million 500 thousand yuan, compared with the first half of 2015, revenue of $180 million 600 thousand, an increase of 224.2%. Mito 2015, respectively, in 2014 and revenues were 741 million 800 thousand yuan in 2013, $488 million and $85 million 900 thousand.
as of June 30th in the first half of 2016, the United States figure net loss of 2 billion 200 million yuan, compared with the first half of 2015 1 billion 300 million yuan net loss expanded by 69.2%; net losses in 2015 and 2014, Mito in 2013 were 2 billion 200 million yuan, 1 billion 800 million yuan and 25 million 800 thousand yuan. In a non IFRS net loss calculation, 2015, 2014 and 2013 Mito respectively 2 million 310 thousand yuan, 112 million yuan and 710 million yuan.
beautiful figure in the first half of 2016 adjusted net loss of 257 million 600 thousand yuan, up 290 million 400 thousand yuan more than the same period in 2015 2016, Mito narrowed; in 2014 and 2013 by the adjustment of the net losses were 710 million 500 thousand yuan, 112 million 300 thousand yuan and 2 million 300 thousand yuan
beauties in the main source of revenue is the intelligent mobile phone and Internet services, including intelligent mobile phone sales is the company’s main source of revenue, 2015 revenue accounted for 89.9%, the first half of 2016 accounted for 95.1%.
although the United States is still ongoing losses, but it will become the HKEx in the past ten years the largest technology company IPO, but also become the largest Internet company in Hongkong after the Tencent IPO. (Ming Yu)


text:
Symantec has acquired PasswordBank, a Spain-based startup that provides multifactor authentication, user management and single sign-on services.
According to Spanish news site Expansion, the IT security giant has reportedly paid $25 million (€19 million) for the company.
Most of PasswordBank’s employees – it’s worth noting that there are less than 20 – have been retained. The company’s CEO, Roger Casals, has been named product manager.
The company was founded in 2008 and most of its profit from the last fiscal years was generated by its international customers.


text:
05 March 2021 11:55, UTC
Reading time: ~ 2 m
Sohrab Sharma, one of the founders of the Centra Tech cryptocurrency project, was sentenced to eight years in prison for his role in the fraudulent scheme.
Sharma pleaded guilty to conspiracy to commit electronic fraud, securities fraud and mail fraud. According to the prosecutor, Sharma “led a scheme aimed at defrauding investors by falsely claiming that a startup he founded has developed a fully functional, cutting-edge cryptocurrency financial product.”
“In fact, Sharma’s most notable inventions were non-existent executives, business relationships and licenses, which he and his accomplices were spinning so that the victims would give them tens of millions of dollars,” the prosecutor added.
The court found that Sharma, together with Robert Farkas and Raymond Trapani, founded the Centra Tech project in July 2017 and began to promote it as a supplier of crypto payment cards and other financial products in the field of cryptocurrencies. From July to October 2017, Centra Tech conducted an Initial Coin Offering (ICO). In their promotional materials, they falsely claimed business relationships with Visa, Mastercard and Bancorp, licenses in 38 states, and a CEO who allegedly spent 20 years in the banking industry and received a master’s degree from Harvard. DJ Khaled and Floyd Mayweather took part in promoting the project.
As a result of the ICO, Centra Tech managed to raise $ 25 million, but the prosecution found that at some point in 2018 these assets were worth more than $ 60 million.The FBI seized 100,000 ETH from the project, and the Marshals Service sold them for $ 33.4 million. The proceeds are planned use to compensate the victims of fraud. Farkas was previously sentenced to a year in prison, and Trapani also pleaded guilty.
#founder #ICO #project #Centra #Tech #years #prison #fraud


text:
Explore tourism services in Qatar during September
Citizens and residents of Qatar love traveling to exotic tourist destinations around the world. Tourism has become an annual habit for citizens and residents.
In recent years, Qatar has also become one of the favorite tourist destination for many people around the world, especially with the approach of the 2022 FIFA World Cup and government attention in targeting 225 million tourists to the State of Qatar, making the International Exhibition of Tourism and Holidays of utmost importance in guiding the compass of tourists to and from Qatar.
This exhibition is expected to attract travel and tourism industry, where people can explore tourism services from different parts of the world.
Click here for more information.
Entry: Entry is free for all


text:
Original Blue Ac Dash Pad 1968 1969 Buick Gs Skylark Sport Wagon Special Deluxe on 2040-parts.com
Manahawkin, New Jersey, United States
Other Part Number:sportwagon gs 69 68
Grilles for Sale
Ford has introduced the 2014 Transit Connect Wagon, a vehicle the automaker is calling “so unique it is a revolution in seven-passenger transportation.” We won't know whether or not it is truly revolutionary until we can get behind the wheel, but at first glance, the new vehicle appears to be a very tall wagon or a small minivan, or a Transit Connect with larger windows. The Transit Connect Wagon is tied to Ford's current car lineup aesthetically via the characteristic Blue Oval hexagonal grille, but it's the van/wagon's utility that will likely become its biggest selling point. Ford claims the Transit Connect Wagon will be able to swallow a 1,200 lb.Mon, 31 Oct 2011
Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.Thu, 05 Sep 2013
Smart will preview its upcoming second-generation Forfour at next week's Frankfurt motor show when it shows the Fourjoy, the latest concept from the Mercedes-Benz owned city car brand. Pictured here for the first time, the new four-seater follows the earlier Forus and Forstars concepts, providing clues to next year's Forfour, developed with Renault. The French automaker will offer its own version of the new car as a replacement for the Twingo.


text:
By- Staff Reporter | Date- April 01, 2011
In a move considered as historical for Indian economy, the Government of India on Thursday, March 31 brought in a revised policy for foreign direct investment (FDI) in the country. As per the new policy, the norms are extremely relaxed for Foreign Investment, which is expected to create a huge boost in the country’s economy through foreign firms.
As a part of the new foreign direct investment policy, Government of India has brought significant hopes to oversee firms by to permitting them the equity against imported capital goods and machinery and relaxing the norms regarding convertible instruments and downstream investments. The most important aspect however, of the new policy, is that even 100 % FDI would now be allowed in some areas of agriculture sector of the country, without relying on joint ventures with Indian forms. It is expected that the farm sectors of the country including seeds, plantation, etc. would now see huge investments by foreign firms. The business analysts across the country have welcomed the new policy as a welcome move and have regarded it as the most important move related to joint ventures as well.
However, the Government seemed to have considered only the downward trend of foreign investments in the country and not much heeded to the Indian firms, especially the small scale enterprises and booming industries. Especially with allowing 100% foreign investment in agriculture sector, the Indian authorities have brought up a storm of destruction for small enterprises and local firms. Of course the Indian consumers might see better branding, packaging and glamor in the markets of agricultural sector with 100% foreign investment, but this is bound to lead to a number of blows to the common consumers including a risk of price rise and acquisition or closing down of small scale local enterprises.
As already evident with the policy of Indian Government in the recent years, the Indian state machine is now turning into only a puppet of capitalists and moneymakers. The authorities increase taxes as many as eight times in a year, takes no major step in recovering the black money hidden by Indians (Swiss Bank officials have acknowledged that Indians have more black money hidden in Swiss Banks than rest of the world put together) worth more than 1450 billion dollar, equivalent to around 65,785,630,000,000 Indian Rupees and even goes to the extent of imposing payment restrictions on money transfer entities like PayPal which is set to destroy freelancers. And now, in an attempt to bring more foreign investment, the Government is set to destroy the common man once again. Indian democracy indeed is now only for a few people (and by the same few people) and not for all people. Unfortunately, the average common man is yet unaware of these crimes by his very own rulers.


text:
By Chinwendu Obienyi
There is hope of superior returns on investment for the shareholders of Industrial and Medical Gases (IMG) Nigeria Plc as the company at the weekend, rebranded to expand its operation, grow income and scale up the shareholder value.
Commending IMG Nigeria Plc, formerly called BOC Gases, for its improved new identity, the National Leader Emeritus, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, expressed hope that the new identity of the company will lead to improved returns on investments for shareholders.
“Our customers should see the name of the company as an asset and I am urging the company to ensure that more oxygen gases is produced and distributed effectively to our hospitals”, Nwosu said.
An independent shareholder, Nona Awoh, said, “This is a new beginning and returns on investments for shareholders are important and it is now for the company with a new identity to fashion out ways of growing. 12 months down the line, we should see the direction of the company and I am urging the management to do everything possible to sustain returns to shareholders”.
Addressing newsmen as well as the shareholders, the Company’s Chief Executive Officer, Ayodeji Oseni, assured the shareholders that the rebranding would be the dawn of new era. According to him, the company is more positioned to expand its operations, introduce more innovative products and enhance shareholder value.
“We are all very excited about the bold and ambitious commitments that have been made by our new investor, the TY Holdings. These commitments will lead to additional plant procurement with accompanying facilities, strategic development of manpower, growth and development and business expansion within Nigeria and West Africa.
We shall leverage our team of seasoned staff with rich industry experience, modern equipment and quality products and services for optimal performance and generate shareholder value on sustainable basis, grow our businesses and evolve new products and business opportunities.” Oseni said.
Earlier in his welcome address, the Chairman, IMG Plc, Abiodun Alabi, explained that the rebranding was necessitated by the board’s determination to strengthen the company’s operations following its acquisition of 60 per cent stake by TY Holdings
His words, “In August this year, the Linde Group sold its controlling ownership of 60 per cent to TY Holdings, a group of company which has several business interests in various sectors of the Nigerian economy. The TY Holding Group is known for astuteness, great vision, and passion to excel in any field that it has presence. The shared vision is to significantly strengthen the number one position of our company in Nigeria and deepen our activities in West Africa.


text:
US STOCKS SNAPSHOT-Futures turn positive after retail sales data
NEW YORK, March 13
NEW YORK, March 13 (Reuters) - U.S. stock index futures erased earlier declines to turn positive after data showed retail sales rose more than expected in February.
Investors were also perusing a separate report that showed import prices gained last month as fuel prices rose.
S&P 500 futures rose 1.4 points and were slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 6 points and Nasdaq 100 futures were up 0.5 point.
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.


text:
Posted Mon Dec 8, 2014 at 09:20 AM PST by Brian Hoss
New update even adds two new tracks
The launch of 'DriveClub' had to be one of the most disappointing PS4 events of the year. The game's online was so broken that Evolution Studios had to take all of the online game options off the table, and Sony indefinitely suspended the release of the free PlayStation Plus version. While the free version continues to reside in Limbo (2015 at the earliest), the retail game has leveled up quite a bit. Not only is the online to the point of a normal functioning state, but a new patch has added dynamic weather (offline and online play) as well as two new tracks, Atlanterhavsvegen in Norway and Sinclair Pass in Canada. Another big patch is due this month, but the game is already a different story from launch. Many fans cite the straightforward nature of cars and circuit races along with the per car detail as a reason to embrace 'DriveClub.'
The latest news on all things 4K Ultra HD, blu-ray and Gear.
Neon Conceives The U.S. Blu-ray Release of 'Immaculate' Starring Sydney Sweeney June 11 German 4K Mediabook July 18


text:
Nashville, Tenn. Home-furnishings retailer Kirkland said Tuesday that its profits were up 87% in the first quarter compared with the year-ago period.
Earnings were $6.5 million on sales of $93.5 million for the quarter that ended May 1.
Analysts had predicted revenue of $86.7 million for the quarter.
Same-store sales jumped 12.6% and overall sales were up 12.2% despite the closing of 15 stores.
Kirkland’s had been scaling back its number of stores during the recession, from 299 locations at the beginning of 2009 to 279 stores at the beginning of 2010. It has since added two stores and said it has plans to add a net of 10 to 25 stores this year.


text:
Google has announced a number of user-facing and under-the-hood changes in an attempt to boost privacy and security, including rolling out two-factor authentication automatically to all eligible users and bringing iOS-styled privacy labels to Android app listings.
“Today we ask people who have enrolled in two-step verification (2SV) to confirm it’s really them with a simple tap via a Google prompt on their phone whenever they sign in,” the company said. “Soon we’ll start automatically enrolling users in 2SV if their accounts are appropriately configured.”
Google Play To Get Apple-Like Privacy Labels
The Google Play Store for Android is also getting a huge overhaul on the privacy front. The search giant said it plans to include a new safety section for app listings that highlights the type of data is collected and stored — such as approximate or precise location, contacts, personal information, photos and videos, and audio files — and how the data is used, whether be it for providing app functionality, personalization, or advertising.
The transparency measures into how apps use data echo a similar push by Apple, which rolled out privacy labels in the App Store in December…


text:
The spread of coronavirus has made a giant impact on the world economy and global shipping markets.
China is the world’s largest exporter of goods and is also home to seven of the ten businesses ports in the world.
Despite the virus emerging in the latter months of 2019, it was not until February 2020 that the global shipping industry was hit by the impact of coronavirus. As shops closed and travel restricted, the demand for goods across the world plummeted.
There has been not only economic impact across the industry, but also commercial impact and issues with supply chain and freight management agreements. This became apparent as the world shut down and the shipping industry saw extensive delays, as services reduced their capacity, docks reduced staffing to help reduce the spread of the virus. In areas such as China, there have been strict controls of non-Chinese crews’ landing and repatriation.
However, come April, the industry showed signs of recovery, as ports across the world began to re-open including in countries that saw devastation from the virus. Italy’s ports reopened back in March, showing a positive future for the shipping industry.
You can read about the ports, countries and organisations that are publishing details of the measures being put into place here.
Other freight industries such as air-shipping have benefitted from the mass demand for PPE to keep key workers and front-line staff safe from the novel-coronavirus.
As the world returns to a new normal, although measures are in place to ensure optimum safety of workers. It is important to recognise how vital the shipping and postal services are not only in the UK but across the world to get goods to where they need to go.
If you want to speak to us about how we can help get your goods to where they are going, contact us.


text:
On Monday we presented readers with the latest observations from BofA quants who pointed out that Q3 earnings “smacked of the tech bubble” because despite impressive beats, in many cases stocks dropped (or outright tumbled) in kneejerk response as virtually everything has now been priced to (and beyond) perfection with little chance of upside surprise. Nowhere was this more evident than on Thursday afternoon when the world’s 4 biggest tech companies all reported blockbuster earnings and yet all sank subsequently with the exception of Alphabet which popped after hours (while Twitter cratered as countless conservatives bailed on the ultra-liberal and openly pro-Biden social network).
Nasdaq futures fell about 1%, erasing more than half of what was a 2.7% slide earlier after Apple’s iPhone sales and Twitter’s user growth both missed estimates. The two stocks sank in pre-market trading. Amazon.com fell 1.4% after it forecast a jump in costs related to COVID-19, while Facebook shed 2% as it warned of a tougher 2021. Google parent Alphabet was the only bright star among the FAAMGs with its shares jumping 7% after it beat estimates for quarterly sales as businesses resumed advertising.
Ahead of the overnight tech rout, global stock were already on course for the worst weekly decline since March as lockdown measures and the collapse of stimulus talks (which “nobody” could have predicted) crippled trader optimism. Treasuries, the dollar, oil and gold were little changed.


text:
Cannabis company Cronos says financial results will be delayed, without explanation
Shares in Canadian cannabis company Cronos Group Inc. lost more than 7 per cent on Monday as the company announced it will delay the release of its fourth-quarter and full-year financial results — without explaining why.
"The company has had a delay in the completion of its financial statements and will make a further announcement in a subsequent press release to schedule the date and time of the earnings conference call," Cronos said in a press release Monday, without elaborating.
Cronos was supposed to reveal its latest financial performance numbers on Thursday.
Cigarette company Altria invested $2.4 billion into Cronos in late 2018 for a 45 per cent stake in the company. Based on its price on the stock market at the moment, the entire company is currently worth about $2.3 billion.
More to come