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IAG Cargo passenger-freighter idea pays off as sales soar 33.1pc
IAG CARGO's strategy of setting up a scheduled cargo network of passenger-freighters while most of its aircraft are grounded has paid off, reports London's Loadstar
IAG CARGO's strategy of setting up a scheduled cargo network of passenger-freighters while most of its aircraft are grounded has paid off, reports London's Loadstar.
The company has announced that revenues grew 33.1 per cent to EUR369 million (US$437.6 million) from April through June, with yields up 224.7 per cent and sold tonnes down 51.2 per cent.
IAG Cargo was quick to adjust to Covid and, as the virus rampaged around the world, set up a network of scheduled cargo and charter flights.
One UK customer said he had been impressed with the network, but noted that it was important for the airline to retain its cargo customers.
'We have reconfigured aircraft to maximise cargo capacity, removing seats and using overhead lockers. These were important capacity solutions, albeit ones that brought additional operational complexity and cost,' said IAG Cargo chief Lynne Embleton.
'We rapidly developed one of the most comprehensive networks of scheduled cargo-only flights available; a network of over 340 scheduled flights a week and tailored to the most important cargo flows,' she said.
United Airlines also saw cargo revenues rise, by 36.3 per cent to $402 million, operating 3,800 cargo-only flights, although cargo ton miles fell 40 to 496.
United and IAG are in direct contrast per cent American Airlines and Delta Cargo. While American was more aggressive in keeping its domestic fleet flying, cargo operating revenues fell 41 per cent to $130 million, with cargo ton miles down 72 per cent. Cargo yields per ton, however, more than doubled to $0.74. Delta cargo revenues fell 42 per cent to $108 million.


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FOND DU LAC, Wis. — So many lottery jackpot winners have purchased their tickets along the "Miracle Mile" that a sign outside of town reads "$150 million won (so far)."
Now it is time to update the sign: Another multimillion-dollar winning ticket has been sold on South Main Street.
Factory worker John Staninecz Jr., who turned in a ticket Thursday worth $6.5 million, is the fourth person since 1990 to buy a jackpot winner along Fond Du Lac's business district, which has five lottery machines.
"I bought one ticket, one single dollar," Staninecz said.
The Miracle Mile reputation attracts ticket buyers nationwide. Last July, people came from all 50 states and Canada to buy tickets for a $111-million drawing. The jackpot was won by Leslie Robins, a teacher who lived a short walk from the South Main Street supermarket where he bought his winner.
A $19.6-million ticket was sold April 28, 1990, at a grocery store across the street from that supermarket. And a ticket worth $21 million was sold Aug. 15, 1990, at a convenience store a few blocks away.

domain: news


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Marietta Police: Ship smart this holiday season
MARIETTA, Ga. - Before you complete your online orders this holiday season, the Marietta Police Department wants you to think about where and when the shipments will arrive.
"Your delivery driver delivering these packages is driving up and down the street. in a giant billboard saying, 'porch pirates, watch me,'" said Officer Chuck McPhilamy.
To avoid Cyber Monday turning into 'porch pirate' Tuesday, Officer McPhilamy suggested shoppers "ship smart." Rather than have those packages delivered to your home while you are away, he said ask your supervisor if you can have items shipped to work.
"Would you want to be the recipient of the gift or would you want to be the recipient of the story about the gift that could've been?" McPhilamy said.
Online shoppers can also choose to have their items delivered to a neighbor who works from home, use an Amazon locker or choose store or post office pick up.
"If we work together, we can make this a fun, happy, safe shipping Cyber Monday," said Officer McPhilamy.


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CHARLESTON, S.C. (WBTW) — Three men from the Pee Dee are facing multiple federal charges for an alleged scheme to defraud Lowe’s Home Improvement stores across South Carolina, court documents show.
Donovan Young of Hartsville, Aaron Young of Florence and James Hoffman of McBee were indicted on Oct. 10 by a grand jury in U.S. District Court in Charleston on charges of conspiracy, wire fraud and access device fraud. They are all pleading not guilty.
The indictment alleges that the three men were involved in a scheme to steal merchandise from the Lowe’s stores and then return it for store credit in the form of merchandise cards. The cards were then used to buy merchandise at the Lowe’s stores.
The indictment also alleges that they were able to obtain the merchandise cards by providing Lowe’s employees with fake driver’s licenses or other government IDs.
The indictment outlined at least four instances in October 2021 in which Lowe’s merchandise cards issued to the men were used to make purchases totaling hundreds of dollars.
The indictment also alleges that other “known and unknown co-conspirators” were involved in the scheme.


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Samsung's Galaxy S9 and S9+ are finally treated to Android 10 on a major US carrier
promoted to Android 10 before the nation's biggest carriers got the chance to do the same for their specific GS9 and S9 Plus models.It was even more surprising to see the US unlocked variants of the company's early 2018-released flagships
Besides, America's top wireless service provider has managed to beat all its rivals to the Android 10 punch as far as both the S9 and Note 9 are concerned. Curiously enough, Verizon's support webpages make no mention of this major update yet, listing instead a routine security patch enhancement to the February 2020 level as the most recent software revision.
That and the fact there aren't many people confirming the OTA rollout on Reddit or Twitter at the time of this writing suggests the update is making its way to Verizon subscribers unusually slowly for some reason. If nothing goes wrong, however, we expect a wide-scale delivery to begin in a matter of days. Maybe even hours.
On top of the aforementioned February security patches and a few standard Android 10 goodies, owners of Verizon-locked S9 and S9 Plus variants are in for a One UI overhaul focused on clarity and simplicity. The second iteration of Samsung's new proprietary user interface is even smoother and cleaner than the first, featuring improved gesture navigation, all the digital wellness tools needed to stay informed yet focused on what's truly important in life, and of course, an enhanced system-wide Dark Mode.
Your move, AT&T, T-Mobile, and Sprint!


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The sale of at least 25% of the firm, which only launched in 2008, aims to tap into the upturn in the housing market.
The company's last half-year revenues were just over £38m.
The offer will only be open to financial institutions, such as banks and pension funds, and estate agents and developers.
Some 86% of Zoopla revenues come from estate agents' fees.
The website has 40 million users a month.
Only shares held by its existing owners, including founder Alex Chesterman and the Daily Mail Group Trust (DMGT), will be sold.
Mr Chesterman, the company's chief executive, declined to predict how much the share offer would raise but said he expected DMGT - which holds a 52.6% stake - to remain the largest shareholder.
He said the firm planned to launch additional products and services after the sale and to move into other parts of the property market, such as commercial property, with overseas expansion a possibility in the future.
He said: "With over 40 million visits per month to our websites and mobile applications, generating over two million inquiries every month for our members, Zoopla Property Group has become an indispensable link in the property search process for consumers and the property marketing process for professionals across the UK."
The move comes as the fashion chain Fat Face ditched plans to float, following disappointing stock market debuts by other businesses.
The firm, which is controlled by the private equity firm Bridgepoint and has former M&S boss Sir Stuart Rose as its chairman, said current market conditions were largely to blame for the decision.
It added: "The board remains confident in the prospects for the business and will continue to execute the growth plans which are already under way."
In recent weeks Card Factory, another retailer, has disappointed after coming to the market.
Meanwhile, discount chain B&M, headed by former Tesco chief executive Sir Terry Leahy, has confirmed its intention to join the stock market in the coming weeks.


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Wei Jianguo: former Vice Minister of the Ministry of Commerce, Secretary-General of the China Center for International Economic Exchanges
Date: Aug 10, 2010 Source: IEEPA
When we mentioned the climate change, what we considered, ten years ago, was whether we should take the umbrella, what kind of clothes we would wear? Was the weather colder or hotter? And now, the climate change affected not only our life, but the development of industry and economy, as well as the concern of the scientists. As a result, China shall, with the view to the future, take the long term strategy to consider it.


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A lot can happen in a week when it comes to tech. The constant onslaught of news makes it nigh impossible for mere mortals with real lives to keep track of everything. That’s why we’ve compiled a quick and dirty list of this week’s top tech stories, from what we expect at Comic-Con 2017 to what might be next for Amazon — it’s all here.
One of the biggest pop culture events in the world kicks off this week as Comic-Con International in San Diego arrives in Southern California for another year.
The largest event of its kind on the West Coast and an annual celebration of comic books, movies, television, gaming, and all manner of geekery, San Diego Comic-Con (as it’s more commonly known) has become the preferred venue for movie studios and networks to show off their biggest upcoming projects to eager fans. Prior years have seen Marvel’s live-action Avengers assemble publicly for the very first time, had The Dark Knight (or rather, Heath Ledger’s Joker) go viral, and ignited excitement for lower-profile projects like Mad Max: Fury Road that set them on the path to becoming blockbusters.
Reebok doesn’t shy away from trying new things. For instance, the footwear giant has 3D-printed shoes with goopy liquid rubber grown from corn and cotton. And on Tuesday, it announced a new product that’s truly out of this world: the Floatride Space Boot SB-01, developed for an upcoming mission to the International Space Station (ISS).
Traditionally, astronauts walked around in tough leather boots with firm soles, which looked like cumbersome buckets of cement. But when Boeing sends astronauts to the ISS next year aboard its CST-100 Starliner, it wants to do better with a lightweight new spacesuit designed by the David Clark Company (DCC).
Snapchat’s camera features are bulking up, and now include a new way to post videos longer than ten seconds. On July 19, Snapchat began rolling out Multi Snap, a feature that allows users to take six 10-second video clips in quick succession, on iOS, and with an Android update to follow. Snapchat is also adding a new editing tool for both operation systems — the Tint Brush allows users to change the color of an object in still photos.
Multi Snap is a sort of variation on a camera’s traditional burst mode, but instead of taking several still photos in quick succession to get the timing just right, the feature snaps successive 10-second video clips. The feature is designed to help users make sure they get the timing of the Snap right and allows for up to six clips to be recorded in a row.
The entire automotive industry sits up and listens when Rolls-Royce announces a new Phantom. As the company’s flagship model, The Rolls-Royce Phantom is the pinnacle of luxury on four wheels. We’re breaking out our notepads out and sharpening our pencils, because the nameplate’s eighth generation in nine decades is just a few short days away from making its debut.
The final design is being kept under wraps for the time being, but teaser shots give us a good idea of what to expect. Designers have taken an evolutionary approach to reinventing the range-topping Roller. Its front end receives thinner lights, a taller grille with a thick chrome frame, and air vents in the lower bumper for a sportier look. The overall silhouette doesn’t change much, and the Phantom retains its classy suicide doors.
Atari is on a roll lately. The company made a splash at E3 last month with the announcement of its new Ataribox connected console, and now the classic brand is entering the wearables market with perhaps its oddest product yet: Atari Speakerhats, powered by Audiowear technology.
The first three baseball cap styles will debut at San Diego Comic Con this week, and special edition Blade Runner 2049 Atari Speakerhats will be available in conjunction with the much-anticipated sequel’s release this fall, along with other wearables.
Artificial intelligence tools like Apple’s Siri and Amazon’s Alexa don’t really try and change your mind too much, but maybe they should!
That is the idea behind new research being carried out by Dr. Samira Shaikh, an assistant professor in Cognitive Science at the University of North Carolina at Charlotte’s Department of Computer Science. She developed a smart chatbot whose goal is not just to carry out a conversation with users, but to actually engage them in arguments and counterarguments with the specific aim of changing a person’s mind.
Hot off the heels of last week’s revelation that Amazon might be unveiling a new messaging app, the online retail giant is making headlines yet again. This time, it’s with food. The Seattle-based company proved that you can never have your hand in too many cookie jars by filing a trademark application for “prepared food kits composed of meat, poultry, fish, seafood, fruit and/or vegetables” that would come ready for you to cook and serve as a meal. Sound familiar? Yeah, it’s another meal-kit service.
Clearly, Amazon’s potential entrance into the already crowded space has made waves throughout the market. On Monday, Blue Apron’s shares dropped by 11 percent, underscoring just how powerful Amazon has become in the food industry. After all, this is the same company behind grocery delivery service AmazonFresh, which launched in 2013, restaurant delivery service Amazon Restaurants, which launched in 2014, and its recently announced Whole Foods acquisition.
There are constant rumors surrounding a delay of the iPhone 8/iPhone X’s release date, mostly due to the technical challenges and component shortages it faces making the device. In mid-July, a JPMorgan investment note said that while the phone would be introduced in in late September, supplies of the phone will be very limited, and production wouldn’t level out until November.
This tracks with previous rumors. In April, an analyst’s research note for investment banking firm Drexel Hamilton speculated the iPhone X may be delayed several weeks after the September reveal due to challenges around its 3D-sensing technology, though it will still be available in time for the December holidays.
Pre-orders will open at launch, according to MacRumors, but delivery wouldn’t happen until several weeks later.
You no longer have to visit the British Museum in London to see the Rosetta Stone in detail. Last week, the museum published the first 3D scan of the famous slab of hieroglyphics online at Sketchfab, where it’s accompanied by the website’s new sound support feature.
The Rosetta Stone is one the most important artifacts from ancient civilization but it wasn’t very important when it was first inscribed in 196 BC — one of many copies of a decree stating that a priest of a given temple supported King Ptolemy V for the sake of tax exemption. When these pagan temples were closed in the fifth century, knowledge of Egyptian hieroglyphics was lost, until the stone was discovered in 1799 and the scripts were deciphered two decades later.
- Soon you can immortalize yourself as an A.I. chatbot. But should you?
- Grab these last-minute, tech-oriented Halloween costumes from Amazon
- Soon you’ll be able to create a
- Soon you can immortalize yourself as an A.I. chatbot. But should you?
- Photography News: Tiffen launches portable LED, COOPH designs heated photo vest


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UAE: Kate Spade eyes Middle East growth
Tony Jashanmal and Craig Leavitt, CEO of Kate Spade New York open the brand's first store in the UAE
Liz Claiborne-owned Kate Spade is set to expand in the Middle East as part of the recently streamlined group's expansion plans.
Kate Spade New York has opened its first store in the United Arab Emirates, in Dubai Mall today (17 April). The store is the company's second in the Middle East after opening a store in Kuwait in early March.
Liz Claiborne, which is set to change its name to Fifth & Pacific Companies next month, plans to expand into territories in the middle east in 2012 and 2013 through its Kate Spade brand.
The expansion will take place through the company's partnership with Jashanmal Group and stores will include women's ready-to-wear, handbags, small leather goods, fashion accessories and jewellery. The Jashanmal Group will have exclusive distribution of the brand across UAE, Kuwait, Qatar and Bahrain.
Last year, Liz Claiborne announced plans to refocus its energies on three lines - Juicy Couture, Kate Spade and Lucky Brand. As part of the moves it sold off its namesake Liz Claiborne brand, as well as the Monet, Kensie, Kensiegirl, Mac & Jac, Dana Buchman, and Mexx.
Craig Leavitt, CEO of Kate Spade New York said: "We are confident that the Middle East market will be a key growth area for us, and intend to have a meaningful presence in the region, opening in three new markets as a starting point.
Tony Jashanmal, group executive director said: We are confident that this is an excellent addition to our portfolio of accessible luxury lifestyle brands and we are sure that it will offer our consumers an unparalleled sophisticated shopping experience."
Ken Hannah, chief financial officer of JC Penney, has reiterated that the US department store remains committed to its ongoing transformation, including the implementation of its in-store shops....
US fashion firm Fifth & Pacific has lowered its full-year profit target after struggling to sell enough of its Juicy Couture products at full-price....
Internet retail giant Amazon is to merge its endless.com shoe and accessories website into its main fashion offering as part of ongoing plans to build its share of the online apparel market....
- Under Armour on track with new UAS sportswear line
- Myanmar garment exports surged 20% in 2015
- EU trade ministers push on TTIP and Canada pacts
- Unravelling cotton's supply and demand challenges
- What does the future hold for world wool supply?
- US retailers urge action on Hanjin Shipping crisis
- Zara launches eco-friendly Join Life collection
- Adidas unveils first Speedfactory running shoe
- Bangladesh calls for US duty-free apparel access
- Ascena Retail disappoints amid challenging year
- Too Many Standards
- Apparel (GLOBAL) - Industry Report
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Ralph Lauren Corporation : Retailing - Company Profile, SWOT & Financial Analysis
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras


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Several weeks ago, the ride-hailing service reached out to him again. Uber told Mr. Goebel that it was returning to Düsseldorf and offered him a bonus of 500 euros, or about $560, if he hit certain driving targets.
“It’s good. I’m busy,” Mr. Goebel, who had taken work driving patients to medical appointments, said from behind the wheel of a Mercedes-Benz C-Class. “People are happy Uber is here.”
Düsseldorf is the start of an effort by Uber’s chief executive, Dara Khosrowshahi, to reboot its business in Germany ahead of a planned initial public offering next year. When Uber re-entered this city of 600,000 last month, it was its first expansion in Germany since 2015, when it left every town except Berlin and Munich.
Germany is a test for whether Mr. Khosrowshahi can substantially bolster Uber’s business in places where it has had a problematic history. Since taking over late last year, he has withdrawn Uber from unprofitable areas like Southeast Asia and Russia to cut the company’s losses, which amounted to $1.07 billion in the third quarter.
But Mr. Khosrowshahi must also show growth ahead of taking Uber public next year, in what would likely be one of the biggest-ever technology offerings. As a result, he is refocusing on Europe, where the company can typically charge higher fares.
“They have identified Continental Europe as one of their major growth areas, but they are realizing once again that going abroad isn’t easy,” said Nils Stieglitz, president and managing director of the Frankfurt School of Finance and Management, who has tracked Uber’s business.
Yet the country has a tangle of licensing rules that make it hard to recruit independent drivers. Germany requires drivers to pass health and driving tests, as well as receive a business license that includes a bookkeeping exam. Another rule orders drivers to return to a home base between trips, limiting how many rides can be made. Car-pooling services are banned.
Over the past year, Mr. Khosrowshahi has visited Germany twice to apologize for the company’s past behavior and to lobby to change some of the transportation laws. In one encouraging sign for Uber, the government said in March that it would update its transportation policy, though the deliberations could take years.
“There are still aspects of the regulation that we think could be tweaked to make our model slightly more scalable,” said Pierre-Dimitri Gore-Coty, the head of Uber’s operations in Europe.
“It’s very hard for them to compete on so many fronts at once,” Markus Villig, Taxify’s chief executive, said of Uber. Unless Uber can win major changes to German regulations, he said, “they are in a very tight spot.”
Uber said it had selected Düsseldorf as its re-entry point for expanding in Germany after seeing that customers there had logged into its app more than 150,000 times since January, even though no cars were on the road. Düsseldorf, about 350 miles west of Berlin, is a business hub and home to popular festivals that draw travelers. One boisterous area of town, called “The Longest Bar,” has more than 260 bars and dance clubs.
Uber knew it could not open in Düsseldorf as it had in 2014, when it first arrived. That year, Uber didn’t bother warning local officials it was coming. One morning, the app simply went live, and anybody was free to transform his or her car into a taxi without a license.
“I was very skeptical because of what they did do in the past, but I was surprised by the new way of communicating with us,” Mr. Matheisen said.
By August, Uber was making final preparations to put cars back on the road. It opened an office in a co-working space in a downtown high-rise, where curious visitors can pop in to speak with staff about starting to drive. It plans to enter another German city, which it hasn’t identified, by the end of the year and several more in 2019.
Even after returning to Düsseldorf, Uber has faced an obstacle: taxi drivers. While the company has tried to work with taxi operators, dozens protested outside Uber’s office last month, blasting their horns and snarling traffic.
Dennis Klusmeier, head of the city’s largest taxi dispatch company, Taxi Düsseldorf, said Uber drivers didn’t comply with the law that requires private-hire drivers to return to a garage between rides. Holding a large law book that outlined German transportation rules, Mr. Klusmeier said he was exploring a legal challenge.
“Us Germans like a law book,” he joked.
Ufuk Demirel, an Uber driver in Düsseldorf who has completed more than 300 rides over the past month, said a taxi driver had recently swerved to cut him off. The Düsseldorf police said six incidents between taxi and Uber drivers had been reported, including one in which an Uber driver was forced to stop by taxi drivers, then verbally abused and harassed.
“It’s not so popular,” said Dennis Zimney, who works at a downtown hotel. “Most people don’t know Uber.”


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Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
A Missouri man died of vaping-related illness, officials announced Thursday.Health and Scienceread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
U.S. telecom equipment maker CommScope said on Thursday it would buy set-top box maker Arris in a $7.4 billion deal to bulk up its business ahead of the global roll-out of 5G. Arris shares jumped more than 10 percent Thursday on the news.
The offer price of $31.75 per share represents a premium of 14 percent over Arris' Wednesday close. Excluding debt repayment, the deal is valued at about $5.69 billion, according to Reuters calculations. CNBC reported Tuesday that the deal, which is expected to more than double CommScope's size, was nearing a close.
CommScope, which was taken public by private-equity firm Carlyle Group in 2013, sells connectivity products to the wireless industry and cable operators. Arris makes modems and set-top boxes for the same industries.
The deal comes as telecommunications companies are spending heavily to upgrade their infrastructure to handle streaming video and get ready to roll out 5G networks. The deal has advantages for both companies, giving Arris an exit as fewer people watch TV from set-top boxes, and providing CommScope more diversity in its products.
Reuters first reported about a possible deal between the two companies last month.
Separately, Carlyle will also make an $1 billion equity investment in CommScope for a stake of about 16 percent.
Allen & Co., Deutsche Bank, J.P. Morgan Securities, and Bank of America/Merrill Lynch were financial advisers to CommScope. Evercore advised Arris.
The deal is expected to close in the first half of 2019.
- Reuters contributed to this report.


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Gloria Jean's and Donut King owner Retail Food Group has been queried by the share market operator and faces a potential class action over the timing of its recent profit warning.
The ASX has asked RFG when it first became aware of the information that led to its December 19 forecast of a fall in half-year profit.
At the same time, law firm Bannister Law says it is investigating whether RFG shareholders have grounds to launch a class action over the timing of the forecast..
RFG's shares dived 25 per cent on Tuesday after it said it expects to make a net profit of $22 million in the six months to December, down 34 per cent on the same period a year earlier.
In its written query to RFG, ASX noted that the company had reaffirmed its forecast of growth in annual underlying profit of about six per cent on December 7.
"When did RFG first become aware of the revised half-year guidance?," the ASX asked.
In its written response, RFG said its guidance was not "revised" because it had never provided a half-year profit forecast, only a full-year forecast.
It said the company's executives received November accounts on December 16 and worked to the early hours of December 19 before issuing the warning just before the share market opened.
"RFG has acted promptly and without delay in this matter," the company said in its reply to the ASX.
RFG has partly blamed a decline in sales on media reports, which were first published by Fairfax Media on December 9, accusing the company of charging franchisees exorbitant fees that were driving them to the wall.
RFG also blamed a tough retail environment, particularly for its franchisees in shopping centres, and costs linked to its business-wide review for the downgrade.
Bannister Law, which is involved in a class action against Volkswagen, said it is investigating RFG's recent public statements to see if there are grounds to launch a class action on behalf of shareholders hit by the plunging value of their investments.
The firm said it will investigate whether RFG had reasonable grounds to issue forecasts of underlying annual profit growth between August 29 and December 7, and whether it should have corrected its guidance earlier than December 19.
"If those investigations show that RFG contravened provisions of the Corporations Act, Bannister Law may launch a class action on behalf of shareholders of RFG," the law firm said.
RFG shares gained 52.5 cents, or 32.3 per cent, to $2.15 on Thursday, however the stock remains 51 per cent down on its level before the December 9 media reports.


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Rob Hooper, national sales manager for OTC with Actavis Pharmaceutical, sat down with DSN to discuss how Actavis is preparing for the inaugural NACDS Total Store Expo. Actavis Pharmaceutical, one of the leaders in the OTC private label industry and recently acquired by Watson Pharmaceutical, plans to leverage its extensive experience within the prescription medicine business to offer best-in-class options across store brand products.
DSN caught up with Cigdem Topalli, brand manager for Geritol and Feosol at Meda Consumer Healthcare, to talk about what the company is doing to breathe new life into Geritol — a brand that resonates more with baby boomers — to better appeal to today’s 30-somethings.
DSN sat down with Radek Sali, CEO of Australia's Swisse Wellness, to discuss insights into the company's U.S. market launch with brand ambassador and Oscar-winning actress Nicole Kidman leading the way.
The Consumer Healthcare Products Association expressed support for the DXM Abuse Prevention Act, introduced into the U.S. House of Representatives by U.S. Reps. Bill Johnson, R-Ohio, and Doris Matsui, D-Calif., on Wednesday.
Mylan on Wednesday announced that it received unconditional clearance from the European Commission under the European Union Merger Regulation for its acquisition of Perrigo Co., an Irish international manufacturer of private-label over-the-counter pharmaceuticals.
A new coalition has formed to ensure safe access to over-the-counter pain relief remedies. The Protecting Access to Pain Relief Coalition officially launched on June 22 to help ensure that American consumers continue to have access to, and choice of, safe and effective pain relief, including acetaminophen.
After revamping the look of its LifeStyles brand last summer to appeal to millennial shoppers, Ansell Healthcare has seen the line of condoms and sexual wellness products record consistent growth over the past few months.


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Microsoft (MSFT 3.00%) revealed Thursday that it has big plans to expand Xbox gaming beyond consoles. The company is collaborating with connected TV manufacturers across the globe to embed its Xbox cloud gaming software into their devices. This would allow gamers with these smart TVs to stream Xbox video games and play them on the cloud with nothing more than a controller.
The tech titan also said that it will continue to produce consoles, but is expanding to smart TVs, as well as a number of Microsoft-branded streaming devices that will let gamers access the service from any connected TV without owning a console.
The announcement comes as part of a broader push to expand the availability of Microsoft's Game Pass, a cloud-based subscription service that lets player access a variety of titles, including Alien: Isolation and Gears 5, for a monthly fee of $9.99.
The move will help Microsoft reduce its reliance on physical hardware and console upgrades to attract new gamers to its subscription services. The company is hoping to expand beyond the roughly 200 million households that own a console to the billions of gamers who make up its total addressable market.
"Cloud is key to our hardware and Game Pass road maps," said Liz Hamren, Microsoft's head of Xbox consumer product and engineering. "But no one should think we're slowing down on our core console engineering. In fact, we're accelerating it. We're already hard at work on new hardware and platforms, some of which won't come to light for years."
Microsoft will also provide free trials of games to Xbox console users, which will allow them to try the games before downloading them. The new feature on the Xbox dashboard will let players access Microsoft's Cloud Gaming (xCloud) service to "try before your download," according to Kareem Choudhry, head of cloud gaming at Microsoft.


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- Many companies have been working remotely for over a year.
- Now it's time for them to decide when and how to return, and the first policies are being announced.
- Have an opinion? Take our survey.
Should you bring your employees to the office five or two days a week?
Who should decide on the time and date of return to the office: management boards, teams, or employees themselves?
Offices are (probably) coming back
Global companies already have the first answers. For now, they agree on one thing: they want to open offices as soon as possible. The date moves every month.
In early September this year, Google announced that it would be January 2022. Earlier it spoke of October 2021, and even earlier about September and July.
Other tech giants are also planning to reopen their offices early next year. Facebook, Apple, Uber, and Roblox all set the new date for January. Asana and Lyft chose February, and Airbnb selected September 2022.
After it didn't follow its announcement to open offices in early October this year, Microsoft does not want to announce a new return date at all.
As for companies outside the tech industry, Goldman Sachs employees have been in the office since June this year, and Nike and Starbucks employees will head back to the office from January 2022.
Only the vaccinated can enter
If there is one thing American employers agree on in return-to-office policies, it's vaccination. Back in July this year, Facebook, Google, Amazon, and Microsoft did not require employees to be vaccinated against COVID-19.
Today the same companies treat vaccinating office staff as mandatory. This is the case with Google (from July 28), Facebook, Twitter, Lyft, Uber, Cisco, Microsoft, Adobe, VMware, Twilio, and Asana.
One of the few big tech companies that has yet to make COVID-19 vaccination mandatory is Apple. Beginning November 1, unvaccinated office workers in this company must undergo a COVID-19 test every time they enter their office door, and the vaccinated ones must take one rapid test per week. By October 24, all employees must inform the iPhone manufacturer of their vaccination status and show proof.
Apple will soon be forced to change its policy on compulsory vaccination, though. US President Joe Biden ordered government contractors to fully vaccinate their employees by December 6, and Apple sells its products to the US administration through a dedicated sales channel.
Is working in the office an opportunity or an obligation?
The main line of dispute on hybrid work is around flexibility – should employees be given the choice between working in the office and working from home? There is no consent among companies here.
The social network Twitter gives the greatest freedom among tech corporations. In May 2020, at the height of the pandemic, CEO Jack Dorsey announced to employees that they could work remotely "forever". Offices were treated as an option for those willing.
Among large corporations, this seems to be the exception rather than the rule. Facebook, Google, Microsoft, Uber, Revolut, Spotify, KPMG, EY, JP Morgan, HSBC, Unilever, and Disney have all announced hybrid work as company policy.
For now, these plans only exist on paper. Some employees are openly protesting against being forced to work in the office. As recently reported by Vox and The Verge, over 7,000 Apple employees participate regularly in an internal corporategroup called "remote work advocacy," where workers discuss their frustrations with management on the issue, and how other companies are offering more flexible arrangements. The group's conversations with CEO Tim Cook on remote work leak to the press regularly, proving how important and sensitive the subject is for tech talent.
Employers change their minds about working from home
The pressure on employers to adopt fully flexible work is growing. Amazon CEO Andy Jassy announced a new policy in mid-October stating that workers will be able to perform their tasks from home full time, and how many days they come into the office will be up to their team director to decide.
Labor market analysts note that Amazon has just started a huge recruiting campaign for 40,000 corporate and tech positions which will constitute a 20% rise in staffing. Remote work could potentially become a bargaining chip in the fight for specialists.
The research firm Gartner recently asked 10,000 digital workers in the US, Europe and Asia about what is important to them at work and what helps them to be more productive. 43% of specialists mentioned flexibility of working hours, and 30% of them indicated that they are more effective when they spend less time commuting or do not commute to the office at all.
In late September, PwC became the first of the big four accounting and consulting companies to offer permanent remote work to willing customer service staff, affecting 40,000 people in the US alone. PwC employees who choose to work from home permanently will have to come to the offices at least three days a month for scheduled in-person meetings, key team meetings, client visits, or learning sessions.
PwC makes no secret that its flexible attitude to work from home is motivated by the desire to retain and attract talent, and in mid-June this year, the company, which employs 295,000 people worldwide, announced a plan to recruit 100,000 new workers (70-75,000 from outside the US).
Share your opinion with us
The future model of work is being shaped in front of our eyes. As the Amazon and PwC examples show, offering employees real flexibility in their choice of work options can be a calling card for the most innovative employers in the months to come. What's your opinion? What should be the future work model for you and your company?
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CARD presents the Shuffle Starô continuous shuffler at the WGCE 2000 and quietly shaped the groups structure to react on increased business
Once again had the European product a prominent representation
on the TCS stand in Las Vegas. After Nevada Gaming, GLI approvals for Conneticut
and Colorado have been issued. "We have not tapped the U.S. market yet,
as the demand from the markets in Europe, Asia and South Africa was so
great that a professional penetration of the USA could just not be followed
up seriously enough", comments an enthusiastic Horant Woschitz of CARD.
The most recent orders secure Shuffle Starô its place on BJ tables in Canada and Holland Casino's latest casino in Utrecht. Installations of over 30 machines in South Africa have just been finalized. Further promising trials in Spain and the Czech Republic are underway and another announcement for successful placement is believed to be spread soon. Watch this space!
Reacting on the great demand for CARD products, a new division for all After Sales Services was added to the group's structure. "Great products with full service to satisfy our customers expectation is the goal we are pushing for on a daily basis" is the clear principle explained by Ing. Ernst Blaha, CARD's Managing Director.
Whilst highly successful pushing sales of Shuffle
Starô and shaping CARD´s structure, the group has also researched
and remodelled their highly innovative chipping machine Chipmaster, to
be presented all new during the forthcoming ICE 2001. CARD will exhibit
on their own stand (#5351) for the first time and have the entire product
range on display. Through the grape vine it is heared that CARD has plans
for another astounding product launch during the show.
For further questions please contact:


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Depending on the different program levels associated with the handheld, the cost ranges from $100 to $150. If an operator has an older device or too few to warrant the purchase of the handheld, he or she can take the unit to a service center and they will load the new pattern. The update at a service center is free, but is part of a clean and calibration service with a fee, said Paczkowski.
MEI sells a bill programming module for less than $100 for updating bill validators. It handles unlimited updates and can be brought back for new software if new currency comes out, explained Reed.
Operators using Pyramid equipment are able to update their bill acceptors in two ways. Pyramid puts the software on its Website where operators can download it to their portable computers for free. They then need to purchase a special cable from Pyramid (about $35) to connect the computer to the validators. Otherwise, said Mays, Pyramid sells a PRO1 reusable device for around $130. The PRO1 connects to equipment in the field and will be compatible with future currency updates from Pyramid.
EQUIPMENT MANUFACTURERS ARE SUPPORTIVE
Operators report that manufacturers have been helpful in these updates, but it’s still a cost of doing business they don’t need. “You have to do it, but it isn’t bringing anymore money to the bottom line,” said Deck. Not doing it will lose you sales.
Wilson indicates the process to update his equipment for the new $5 is very labor intensive. “Generally, the end user is unaware of these types of expenditures,” he said.
The future of currency handing equipment certainly includes bill validators as the price of products increases beyond a dollar. Accepting the form of payment end users have in their wallets is essential to making sales. Returning change in a consumer friendly way is just as essential whether operators choose dollar coins or recycled bills. Cashless does away with returning change, but has extra financial considerations.


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These days, every tech giant of note is staking a claim in the smart home, and Samsung’s no exception. In April, the company imagined a universe of smart-home appliances and devices hooking to its smart TVs and apps for automation and control.
Now it appears to be rethinking this approach. The South Korean tech giant is reportedly negotiating to buy SmartThings, according to TechCrunch. SmartThings, a Kickstarter-backed project to connect your home devices together, makes a hub that talks over various network protocols so you don’t have to worry about whether individual devices are compatible with each other or with your phones and tablets.
Such a deal would make perfect sense—for Samsung. And yet, I can’t help but feel some dread over this prospect. Here’s why.
Sammy Needs To Bring Some Smarts Home
Samsung’s peers in the tech industry have all been very plain about their intentions toward wiring up our homes recently.
This summer, Apple announced plans to rally connected home devices under its new iPhone-friendly HomeKit protocol. Earlier this year, Google picked up Nest, which has been busy buying Dropcam, another smart-home device maker, and creating its own home-networking protocol.
Microsoft has been playing around with its connected “Home of the Future” concept for years, but only recently got serious by pursuing a relationship with Insteon, a long-time player in this space. The pair even worked on the smart home’s first viable voice-command feature, courtesy of an update to Insteon’s Window Phone app and Cortana, the platform’s baked in voice command.
Samsung, perhaps more than any of these competitors, should have been in front of this movement. The parent corporation has numerous home-appliance divisions, some of which make things like connected refrigerators. And a connected oven is in the works.
But Samsung’s connected appliances operate within a very limited universe. Apart from integration with its own TVs, they don’t connect or cooperate with other devices, especially those from other manufacturers. In other words, what Samsung lacks is the interoperability that a cohesive platform could provide.
Big surprise for a company that still can’t stop bouncing between different operating systems for its TVs, phones, tablets and smartwatches.
Is It A Match Made In Heaven … Or Hell?
The smart thing about an acquisition is that Samsung wouldn’t have to grow its own smart-home platform from scratch, or get its various corporate division to play nicely together.
SmartThings seems like an ideal candidate. The startup has been lighting up the DIY segment of the smart-home industry, where people set up devices themselves instead of paying thousands of dollars for a professional installation.
After having raised $1.2 million on Kickstarter in 2012, the company added another $12.5 million from investors, putting it all to good use by focusing on developers—and marketing buzz—to build out its platform.
Now it can boast a growing, creative network of more than 5,000 developers, as well as compatibility across a slew of devices, from moisture sensors and lighting kits to fitness trackers and home audio speakers.
SmartThings has now gained a reputation for creativity—perhaps more so than simplicity and reliability—and that too makes it a perfect fit for Samsung, a company known for having a “pray and spray” approach to consumer technology.
Just take Samsung’s Galaxy line of mobile devices, for example. While these are terrific phones, they’re also full of bloated house-made apps, including S Health, S Translator, S Voice and other features users generally ignore. Meanwhile, on the hardware side, the minute size differentials in its ever-burgeoning line of mobile devices just keep on coming, complicating developers’ efforts to target specific screen sizes.
In other words, you put a startup that likes creativity and values developers with the vast resources of a multinational corporation that loves to experiment, and what do you have? Maybe a major new smart-home contender that can give your home limitless possibilities. But more likely, a big fat mess of complication, confusion and bloat.
And that’s why, if Samsung-SmartThings happens, it may make Samsung’s corporate strategists look clever for a day. But we doubt it will make our homes any smarter.


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What you need to know
- Owners of Samsung’s Galaxy S22 series phones in South Korea have created an online community to initiate a class-action lawsuit against the tech giant over the throttling of apps and games.
- Samsung’s older phones with the game optimizing service are also affected.
- South Korea’s Fair Trade Commission is expected to soon launch an investigation to determine whether Samsung “exaggerated the performance” of its Galaxy phones.
South Korean antitrust watchdog, the Fair Trade Commission, could soon launch an investigation into Samsung Electronics over complaints that it “exaggerated the performance” of its new Galaxy S22 series phones. Additionally, the FTC’s investigation will also look into whether Samsung concealed information while advertising the flagship phones.
Last week, South Korean netizens posted a list of 10,000 apps and games that Samsung is throttling with its Game Optimizing Service (GOS). In addition to the Galaxy S22 series, the app also comes preinstalled on several other Samsung phones — including some of its best budget Android phones.
Samsung issued a statement a day later, promising that it would roll out a software update to give users greater control over the Game optimizing service. The South Korean tech giant has also posted a FAQ on its South Korean support website with more details on the issue.
Samsung’s advertisements for the Galaxy S22 series phone use the phrase “best performance ever,” which is only partially true. Samsung also claimed that the Galaxy S22 series phones’ have a refresh rate of 120Hz to deliver smoother motion and transitions. However, the GOS prevents the screen from refreshing at 120Hz while gaming for “safety reasons.”
As per Yonhap News, owners of the latest Galaxy S22 phones in South Korea have created an online community to “bring together people” to join a class-action lawsuit against Samsung. The owners apparently plan to file the suit seeking KRW 300,000 (about $242) in compensation from Samsung for each person.
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Migliaccio & Rathod LLP is investigating reports that batteries in Surface Pro 3 laptops are holding almost none of their charge. Consumers have relayed that the laptops, which have Simplo batteries installed, substantially and progressively degrade over time to the point where they are virtually nonfunctional. While all batteries can be expected to experience reduced performance as they age, the problems that plague Simplo batteries are far worse and appear to only be remedied by a repair costing in the neighborhood of $500.
Almost every state (and the District of Columbia) has a consumer protection statute that broadly prohibits unfair and deceptive trade practices. If the reports about the Surface Pro 3 batteries prove true, our law firm believes that the sale of the laptops with the defect may have constituted an unfair and deceptive trade practice that may entitle a purchaser to relief. The attorneys at Migliaccio & Rathod LLP have successfully prosecuted several consumer protection class action cases, including a case against Lenovo involving defective laptops, which resulted in a classwide settlement. (Disclaimer: past successes do not guarantee future results). If you are an owner of the Surface Pro 3, and have experienced significant battery life issues, please fill out the survey form here: http://bit.ly/2yYyvR2. You can also call our office at 202-470-3520.
UPDATE: Microsoft Surface Pro 4 Flickering Display Investigation
Consumers report flickering displays in Surface Pro 4 laptops, approximately one year after purchase. The number of affected consumers has caught the attention of major media outlets, like The Verge, and warrants an investigation by our law firm. As the screen issue can occur after the warranty has already expired, Surface Pro 4 buyers are asked to pay $800 for an out-of-warranty exchange. Read about our investigation by clicking here.


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Oct 27, 2020
Washington, D.C. Oct. 27, 2020. The American Soybean Association (ASA) appreciates that the Environmental Protection Agency (EPA) has announced it will reregister dicamba for 2021 and future use. The product is one of many tools integral to the success of soy growers who face different crop production challenges throughout a diverse growing region spanning 30-plus states.
Bill Gordon, soybean farmer from Worthington, Minnesota, and president of ASA said, “We rely in great part on EPA support for the continued success of our industry, from measures encouraging biodiesel market expansion to these types of decisions regarding safe and effective use of crop protection tools. We thank EPA today for the many steps and time invested in coming to this decision to reregister a product relied upon by many soy growers.”
ASA is reviewing the new registration to have a comprehensive understanding of its impact for U.S. soybean production. Dicamba is an important choice for growers to have available to help manage damaging weeds.


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The numbers don’t lie. The popularity of online ordering grows on a daily basis.
From giants like Amazon to small startup companies, direct-to-consumer delivery and pickup options have swept the country. Restaurants are no exception.
Based on these recent statistics provided by Upserve, here is a look at how online ordering has impacted the restaurant industry.
For savvy restaurateurs that rely on data to make important business decisions, we have 19 statistics that will give you some insight into just how powerful online ordering is in today's business environment:


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A group of rockers is helping to raise awareness about homelessness in America thanks to a partnership with a well-known national organization.
Screaming at Demons—Shimon Moore (former Sick Puppies front man), Chris Clemence (bassist–Rap Scallions) and guitarist Russell Ali—has partnered with photographer and Homeless Rock Stars founder Nigle Skeet to craft a music video aimed at raising awareness about both Homeless Rock Stars and its mission, as well as America’s homelessness epidemic in whole. Audiences can get a taste of the song right online right now via a little teaser that the band has posted to YouTube at https://www.youtube.com/watch?v=FyawY0s_nsE&feature=youtu.be. The song will debut in full along with its video on October 6th, 2015.
KRC-TV reporter Evan Schreiber recently presented a story on the partnership between Screaming at Demons and Homeless Rock Stars. Schreiber’s story offers even more information on the partnership between Screaming at Demons and Homeless Rock Stars, the video for Screaming at Demons’ new song, and more. Audiences can check out that story online now at http://m.krcrtv.com/music-video-to-feature-local-homeless-rock-stars/34837862.
More information on Homeless Rock Stars is available online now at:
More information on Screaming at Demons is available online now along with the band’s latest news at:
To keep up with the latest sports and entertainment news and reviews, go online to http://www.facebook.com/philspicks and “Like” it. Fans can always keep up with the latest sports and entertainment news and reviews in the Phil’s Picks blog at https://philspicks.wordpress.com.


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Two U.S. Senators Worry Fisker Could be Sold to Chinese Firm
February 21, 2013 11:49 AM
They don't want the automaker to end up like A123 Systems
After bankrupt battery company
A123 Systems was (mostly) acquired by a Chinese company
, two U.S. senators now worry that automaker Fisker Automotive will have the same fate.
Sens. Chuck Grassley (R-Iowa) and John Thune (R-South Dakota) have expressed concern that taxpayer dollars will support a company with foreign ownership if Fisker is acquired by a Chinese company.
"Senator Thune and I asked the Energy Department about potential foreign ownership of Fisker in June 2012. When we raised concerns about taxpayers supporting a company with foreign ownership, the Energy Department waved those concerns away," Grassley said. "Now, those concerns may soon become a reality. Like A123, this looks like another example of taxpayer dollars going to a failed experiment. Technology developed with American taxpayer subsidies should not be sold off to China. I hope there's at least some accountability at the Department of Energy, but given its track record, I'm not holding my breath."
It has been strongly suggested that two Chinese companies -- Geely Automotive and Dongfeng Motor Corp. -- are looking for a majority stake in Fisker. It has also been rumored that Fisker could move all of its auto production to China if it made a deal with a Chinese company.
A deal isn't expected to be made until next month at the earliest. Fisker made mention that it is considering offers from all over the world -- not just China.
received $529 million in U.S. Department of Energy (DOE) loans in April 2010. The loans were part of a program to progress development of high-tech vehicles, where Fisker received $169 million for Karma plug-in engineering and $359 million for Nina production. The loans were also meant to revamp a closed General Motors plant in Wilmington, Delaware for Fisker EV production.
However, Fisker fell a little behind on its production schedule, and in May 2011,
DOE froze the loans due to "unmet milestones."
Fisker had only drawn $193 million of it at that point.
In October 2012,
the House Oversight and Government Reform Committee
decided to look into
the original terms of
its loan to Fisker Automotive
, questioning whether DOE will step in to help the electric vehicle (EV) automaker if it goes bankrupt and investors are allowed to retrieve their money.
In December 2012, Fisker's battery maker A123 Systems was
Chinese firm Wanxiang Group
about $260 million. A123
filed for bankruptcy
in October 2012.
Earlier this month, Fisker said it hoped to
restart production of its Karma plug-in
"fairly soon" as it waits for
A123 to come out of this bankruptcy situation.
The Detroit News
"I want people to see my movies in the best formats possible. For [Paramount] to deny people who have Blu-ray sucks!" -- Movie Director Michael Bay
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UPDATE, 1/18/19: A new extended cut of Gymkhana Ten set in Detroit has been released featuring never-before-seen footage and fresh camera angles. The additional video highlights Ken Block plying his tire-annihilating trade in the shadows of well-known Motor City landmarks including Michigan Central Station, the Monument to Joe Louis (a.k.a. "the Fist"), the tunnel under Cobo Center (home to the Detroit auto show), and, crucially, Lafayette Coney Island and its next-door neighbor and nemesis, American Coney Island. Block, of course, is piloting his Ford Mustang Hoonicorn RTR V2 throughout the nearly five-minute-long clip.
Automotive renaissance man Ken Block has just released his latest and most ambitious drift-o-rama to date, Gymkhana Ten: The Ultimate Tire Slaying Tour. After a 10-day exclusivity window on Amazon Prime, the 10th video in Block's wildly successful Gymkhana series is now available to watch for free on YouTube.
The latest installment sees the accomplished rally driver skidding through tight spaces at high speeds, this time piloting five cars across five different locations. Over half a billion people have watched Block paint city streets with residual rubber in Gymkhana videos since the first release in 2008, and his Hoonigans team worked hard to make this newest release their best.
Production for the new project is chronicled in the Amazon Prime original series The Gymkhana Files, which premiered in November. The show covers everything from Block's start as a co-founder of DC Shoes and his early rally career to more recent efforts, like trying to keep his 1400-horsepower "Hoonicorn" Mustang from sliding off a dusty section of the Pikes Peak hill-climb.
The eight-episode Amazon-exclusive series follows Block’s Hoonigan Racing team as they orchestrate and execute the kind of stunts that rack up millions of views on YouTube and sell lots of energy drinks. What starts with a Ford Mustang driving donuts in Detroit becomes a Fiesta WRC car bombing sideways through snowy Sweden or a spark-throwing Escort RS Cosworth in Los Angeles. Gymkhana 10 even starts with a two-minute burnout montage. That being said, Gymkhana is more than just tire smoke, hydraulic hand brakes, and brilliant viral marketing. There are wild performance builds and an aural delight of hissy turbo noises and race engines bouncing off rev limiters, not to mention millimetrically precise car control from this guru of opposite lock.


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The Vitus ZX-1 is, as you’d expect Vitus’s top of the range machine and was launched in 2018. Vitus says that it’s aero inspired, with race winning geometry but also the comfort for all day riding.
It’s also disc brake only. According to Vitus Road Product Manager, Jodie Shann: “We are fully behind the performance benefits disc brakes bring to road cycling, so much so that when we introduced our flagship ZX-1 race bike in 2018 we released this as a disc only platform.
“Our experience from countless hours of rider testing and feedback is that discs give the rider far greater braking control in all conditions, giving riders more time to focus on road positioning rather than worrying about braking performance.”
Despite a rocky start in the pro peloton, disc brakes have now gained widespread acceptance, with Vitus not alone in offering disc brake only pro-level machines.
The team will roll on Prime Black Edition 50mm section carbon clincher wheels, Prime being another of Wiggle and Chain Reaction Cycles’s in-house brands. Tyres come from Schwalbe: the brand’s Pro One Evo MicroSkin TL-Easy in 25mm width.
Mechanicals are SRAM Red eTap HRD, with hydraulic braking. There’s a standard set-up of 53/39 chainset and 11-25 cassette.
Bars and stem come from Prime again, while the team will be seated on Selle San Marco Aspide saddles in black and red, to match the black with metallic red accents of the Vitus frameset.
The UCI Continental level team will have a 12 rider roster for the 2019 season, headlined by Olympic champion Ed Clancy and managed by Cherie Pridham. They’ve also brought on Brother UK as the team’s supporting headline sponsor for the next three years.
Commenting on the team launch, Vitus Brand Marketing Manager Chris McGlinchey said: “We’re extremely excited to see the performance of the ZX-1 Team bike come to life through Vitus Pro Cycling. Chez has put together a great squad of riders for the 2019 season and everyone at Vitus are excited to get racing and see the ZX-1 in the pro peloton.”
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Farmington’s TRUMPF Marks 50 Years in the U.S.
Connecticut’s rolling hills, winding back roads, and storied manufacturing history are what first attracted German entrepreneur Berthold Leibinger to Farmington.
In 1968, Leibinger was looking for a U.S. subsidiary for the sales and service of TRUMPF machinery in North America and, after researching Chicago and Detroit, fell in love with Farmington while visiting a friend.
TRUMPF opened its first U.S. sales and service location in Farmington in 1969, a small operation run by three employees in a rented building.
Flash forward to 2019 and TRUMPF has expanded far beyond its Farmington footprint with several locations in the U.S. and North America that employ more than 1,500 people.
TRUMPF is now the largest manufacturer of fabricating equipment and industrial lasers in North America.
On Sept. 30, TRUMPF Group CEO Nicola Leibinger-Kammüller was joined by Gov. Ned Lamont, Emily Haber, Germany’s Ambassador to the U.S., and a few hundred others at the company’s Farmington headquarters to mark 50 years of growth and innovation.
“After Germany, the U.S. is TRUMPF’s second-largest single market with $607 million in sales,” Leibinger-Kammüller said.
“That puts the United States ahead of China. Including Mexico and Canada, we are talking about $775 million in sales for North America,” she said.
Lamont called TRUMPF “a great Connecticut manufacturer.”
“From its world-class training center and innovative technologies to its dedication to improving the work-life balance of its current and future employees, TRUMPF continues to be a leading manufacturer in Connecticut,” the governor said.
He said Connecticut is proud to be the North American home of TRUMPF, which he called “a great example of a corporate citizen.”
Haber, the German ambassador, said TRUMPF’s success in America highlights the strong relationship between the two nations.
“The history of TRUMPF in the United States is a success story,” Haber said.
“It is a symbol for the close alliance between the U.S. and Germany—in the past, the present, and the future.”
Leibinger-Kammüller agreed, saying TRUMPF’s success in America “has been built upon the very close bond that exists between the U.S. and Germany.”
TRUMPF first entered the U.S. market in 1958 through a distributor, beginning U.S. small-scale manufacturing operations in 1974, and building the Farmington facility in 1977.
TRUMPF’s products are used in a variety of industries, including agriculture and farming, automobile, aerospace, and consumer electronics.
Peter Hoecklin, president and CEO of TRUMPF Inc., noted that the company’s history is marked by “bold, farsighted entrepreneurial decisions, the constant hard work of employees, and solid relationships cultivated with valued customers.”
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By Sahil Patel
After topping 50 million global subscribers in Q2 2014, Netflix has added another 3 million since. In its Q3 earnings letter to shareholders, Netflix said it now has 53.1 million global subscribers, helping the company generate $1.22 billion in revenue.
In the US, Netflix grew to more than 37.2 million subscribers. While 1 million more than the number of domestic subscribers Netflix had at the end of Q2, growth is down when compared to the same time period last year. At the end of Q3 2013, Netflix had reported 1.3 million net US subscriber additions.
The company also missed its projection. It had predicted 37.6 million US subscribers by the end of Q3.
The reason for slower growth? Netflix said it’s the decision to raise prices earlier this year. “Slightly higher prices result in slightly less growth, other things being equal, and this is manifested more clearly in higher adoption markets such as the US,” wrote CEO Reed Hastings and CFO David Wells in the shareholder letter.
Domestic streaming revenue in Q3 was $877 million (+25% year-over-year) — in-line with Netflix’s projections, the company said, though revenue growth outpaced subscriber growth, again as a result of that price increase.
Internationally, Netflix added 2 million subscribers, raising its total to more than 15.8 million. That was another miss, as Netflix’s projection was 16.16 million international subscribers by the end of Q3.
None of this is helping its case on Wall Street, where the company’s stock is already down more than 25% in after-hours trading.
Looking ahead, Netflix projects 4 million more subscribers in Q1, with the hopes of ending 2014 with more than 57 million across the globe.
More to come, and here it is.


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Cuba doesn’t exactly have a track record for being known as one of the world’s leaders in providing Internet access to their citizens. In addition, they have been known for having some of the most restrictive Internet regulations in the world. To top it all off, their Internet infrastructure was largely underdeveloped and they didn’t have access to high-speed broadband technologies. Instead, users in Cuba relied on ancient technologies such as modems that failed to provide Internet users with a modernly acceptable Internet connection. Though this sounds pretty dismal, things get even worse. Up until just eight short years ago, people had to apply for a permit to even own a personal computer and to date they still need a permit in order to setup and run a wireless network. All of this negativity gave them a poor international reputation, and other countries – such as the US – decided to block inbound Internet connections originating from IP addresses in Cuba.
While this all sounds pretty gloomy, things have been improving slightly over the past few years. As of 2012, about a quarter of their population had some form of Internet access and things seem to be continually improving – albeit slowly. Though many people don’t have their own personal Internet connection, there are public options available such as an Internet café despite the fact that people need a permit to operate a wireless network. But there’s just one problem: an hour of connection at such an establishment will cost about $1.50 for an hour. This cost is about 7.5% of the average monthly income, so it is fair to say that this isn’t an attractive option for the average citizen. But understand that this rate will only allow an individual to access the domestic Internet infrastructure – not the global Internet. To access the global Internet a user would have to pay between $7-$10 dollars per hour.
With so many people hungry for Internet content and the limits imposed on web browsing, a truly interesting industry emerged. Think of it as an archaic buffering industry, whereby people would sell hard drives that had been loaded with various types of content like movies, text content, news, and music from external sources. In addition, a veritable hidden Internet composed of hidden wireless antennas, ad-hoc connections, and Ethernet cables developed without the consent of the government. It has been named the “street net,” and though it is technically illegal the government seems to be mostly ignoring it for now.
But the times are always changing and US President Obama created a new deal with Cuba to move forth with a new chapter of international policy. Between the opening of diplomatic relations between the US and Cuba as well as a recent boost in Internet technologies, Cubans are enjoying more Internet freedoms than ever before. In fact, Netflix has stated that it will be available in Cuba to the small percentage of people that have access to Internet technologies capable of streaming their data. And a groundbreaking offering in Havana appeared last year when the first free Wi-Fi service was introduced.
Should You Still Get a VPN for Cuba?
With the current state of their Internet infrastructure, you might erroneously think that you don’t need a VPN in Cuba. But that is far from the truth. The fact of the matter is that things are moving pretty quickly and advancements are finally being made to increase Internet access. Even though advancements are being made to develop the Internet infrastructure, the ugly truth is that there are still some extremely restrictive Internet censorship laws. In fact, there are some extremely negative consequences for those who try to stir up political dissent that create a need for Internet security services from a VPN. Most of the determinations of whether or not a message or post is deemed to be controversial is determined by the government’s judgement, and you cannot take the risk of accidentally offending someone if your communications were to become intercepted. Though there are other ways of circumventing Cuba’s Internet infrastructure completely – such as a satellite connection – this alternative costs a lot more than the measly price of a VPN subscription service. However, due to the low incomes for citizens, a VPN may not be a viable option and instead it may very well only be a great choice to travelers. Having said that, you can find extremely inexpensive VPN services with a monthly cost of just $3.33 per month. Given the various means of connecting to the Internet in Cuba, there’s no way of telling if your specific connection will filter VPN connection attempts. In addition, users should take great care to understand any local network restrictions as they can change from place to place.
Lastly, note that due to the harsh and strict Internet infrastructure in Cuba, you’re not going to find a VPN service with domestic server connections. Instead, all of the connections will need to be made on a foreign server. But given the current Internet climate and the state of the freedom of expressions and information, you undoubtedly need a VPN connection if you can find a decent Internet connection. So, let’s take a look at the top choice VPNs for Cuba.
Best VPNs for Cuba
ExpressVPN – Complete Review
Express VPN beats out most other VPN providers with their quality service. To put things bluntly, they do a better job of executing on creating a high quality service with excellent 24/7 customer support. Having said that, you do get what you pay for and their service costs more than most other providers. At $8.32 per month, they are still reasonably priced and they provide the added benefit of a 30-day money back guarantee. Furthermore, their service is known for being extremely fast and reliable, and they offer connections to over 78 different countries. If you are located in Cuba, you will most likely want to connect to the US to unblock content. But understand that the US monitors foreign communications. However, Express VPN will allow you to connect up to 2 devices with the same account and they are one of the best services on the market.
Private Internet Access – Complete Review
Next comes Private Internet Access’s VPN, and while their service is comparable to ExpressVPN, they are the complete opposite on pricing. They are actually the cheapest option on this list, and they only cost a measly $3.33 per month with a 1-year subscription. However, they do a great job of offering plenty of US-based IP addresses and they have over 3096 servers spread out in over 24 countries. Their next two biggest features include the ability to connect up to 5 devices with the same account as well as a 7-day money back guarantee.
VPN Area is another great alternative VPN for Cuba, and they are moderately priced at only $4.92 per month – putting them in the middle of the road regarding their pricing model. They will also help you make connections to the US to unblock content and they secure your data transmissions with the latest industry standards. In addition, they have servers in over 51 countries so you have plenty of flexibility when establishing a VPN tunnel. And like PIA VPN, they also let you connect up to 5 devices at the same time whereas Express VPN only allows 2.
TorGuard VPN – Complete Review
Tor is an extremely famous method for browsing the Internet anonymously, so it only makes sense that the TorGuard VPN would also be a fantastic service. But their VPN adds benefits that their anonymity network does not – namely encryption. They have a tremendous server profile with over 1200 servers in 42 countries as well, and they will let you connect up to 5 devices with the same VPN account, too. In addition, they don’t impose any data restrictions and their service is extremely fast owing to their fast network and the fact that they won’t throttle your bandwidth. To top it all off, their service only costs $5.00 per month.
PureVPN – Complete Review
PureVPN is our list pick for the best VPNs for Cuba, and they offer a fantastic service that is extremely reliable. They also offer great 24/7 customer support in case you need a helping hand to assist you with software or connection problems. We are blown away by their server profile, as well. To date they have more than 500 servers in 140 countries, and they are always seeking to expand their massive network of fast servers. Two other notable features include the ability to connect up to 5 devices at the same time as well as their 7-day money back guarantee that will let you test the waters with your Internet connection in Cuba. They are also priced lower than most of their competitors at only $4.16 per month.


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On December 20, Congress passed a comprehensive tax reform bill that will have major implications for taxpayers across the country. This new tax code will affect private citizens and businesses alike, and it has a variety of effects for the recycling industry in particular. Here's what you need to know about the new tax bill and how it will affect your recycling business.
Corporate Tax Rates
The new bill reduces the corporate tax rate to 21 percent, down from the previous tax code's 35 percent. The new bill also eliminates the corporate alternative minimum tax, which required businesses to pay a minimum amount of tax, regardless of income, deductions and other factors. Finally, the interest charge domestic international sales corporation incentives for exporters will remain in place, enabling businesses to avoid paying taxes on certain exports, including recyclables. Exporting is incredibly popular in the recycling industry, so it is good that this aspect of the tax code hasn't changed.
The pass-through structure is common in the recycling industry, meaning that the business owner reports business income on their personal tax return, rather than on that of the business itself. This format is typical of companies that are organized as S corporations or limited-liability corporations as opposed to standard C corporations. Under the new tax code, pass-through businesses will be able to deduct 20 percent of qualified business income for the year. The bill incorporates a threshold provision to prevent business owners from classifying their personal income as business income.
Equipment and Asset Purchases
The new tax bill allows new equipment purchases to be expensed in full from the date of purchase, starting with purchases made in September 2017 or later, rather than accounting for the expense over several years. For the recycling industry, this new provision could affect all types of equipment, allowing recycling businesses to lower their taxable income right from the start. The cap on asset purchase deductions has been raised to $1 million, up from $500,000 allowed under the previous tax code.
Research and Development Expenses
Under the old tax law, qualified research and development expenses could be deducted from business income in full in the year that they were purchased. The new tax code requires these deductions to be spread out over a period of five years. For recycling businesses, this means a smaller deduction each year than in the past, but also that those deductions will be steadier over time.
Find Out More
Here at Central Kentucky Fiber Resources, LLC, we recognize that tax laws can be a bit intimidating for those who are unfamiliar with their intricacies. Because of this, we are making ourselves available to our clients and others interested in how the changes might affect their businesses. We will be happy to answer any questions you may have about the changes to the tax code and what they mean for our industry. Call us today to learn more!


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Kishore Biyani's Future Group in talks with Aditya Birla Retail to buy or merge business
"The Future Group is preparing to conduct a due dili...
Kishore Biyani's Future Enterprises plans to raise Rs 1,250 crore
The company is seeking approval of its shareholders for issuance of non-con...
Future Group could save Rs 300 crore in rental tax post GST: Kishore Biyani
Even from our conservative estimate we as a group will gain signi...
Kishore Biyani appointed as MD of Bharti Retail
Rakesh Biyani, who is also a director at Future Group, has also been appointed as Joint Manag...
Future Retail names Kishore Biyani as vice-chairman
The board of the company, in a meeting held today, approved the appointments with effect from May 4, 2016.
Kishore Biyani steps down as Managing Director of Future Retail
Biyani would continue to hold office as a non-executive director of Future Retail, the company said in a statement to the Bombay Stock Exchange.
Poolside birthday party for Kishore Biyani’s granddaughter
Invitees were requested to not bring gifts, and instead donate in kind or cash to two charities listed on the invitation.
Bigbasket should be shut under new norms: Kishore Biyani
A day after the government clarified that FDI is not allowed in inventory-based e-commerce, Future Group CEO Kishore Biyani trained guns on the country's leading online grocer Bigbasket, terming its operation as illegal.
Future Group CEO Kishore Biyani smells consolidation in ecommerce space
Biyani said Twitter spat between ecommerce poster boys Bansal and Bahl could indicate a consolidation wave triggered by Alibaba’s imminent entry.
Kishore Biyani's Future Group may merge HomeTown with FabFurnish
HomeTown will be the biggest vendor on FabFurnish, which Future Group bought last month for about Rs 20 crore from German incubator Rocket Internet.
Private equity firm SSG Capital buys 40% stake in Kishore Biyani's Future Supply Chain
Private equity firm SSG Capital Management has picked up a 40% stake in Kishore Biyani-promoted Future Supply Chain Solutions from existing investors for Rs 580 crore.
Why business tycoon Kishore Biyani encouraged daughters to pursue non-management fields
While Ashni Biyani studied textile designing, younger daughter Avni pursued sociology at New York University.
In Future Group's new mentoring plan anyone can be a Kishore Biyani
Under the 'Ban Jao Biyani' programme, employees who show promise for entrepreneurship are given charge of businesses to run
New marketplace norms to ensure level playing field: Kishore Biyani, Future Group
Kishore Biyani has welcomed the new policy guidelines and clarifications issued by the government while allowing 100% FDI in ecommerce marketplace.
From 'manager' to 'karta': Why Kishore Biyani changed the designation
The CEO of Future Group had store managers earlier but now they are called a 'karta'. Biyani reveals the reason behind the change.
Kishore Biyani eyes Rs 20,000 crore sales for food, consumer business by 2021
Betting big on food and consumer business, Future Group aims to clock a revenue of Rs 20,000 crore in this segment by the year 2021.
Govt needs to relook at regulations for retail sector: Kishore Biyani
The regulations for the retail sector need to be relooked as some of the rules are outdated, Future Group founder and chief executive Kishore Biyani said today.
Kishore Biyani in talks to raise Rs 300 crore for FMCG business
Funds likely to come from family offices, existing investors Verlinvest and Arisaig.
Kishore Biyani's Future Retail wants to sell insurance at its stores
Selling insurance through its stores is a natural course for the Future Group, which holds majority stakes in two ventures -Future Generali India Life Insurance and Future Generali India Insurance Company.
Kishore Biyani's Future Consumer raises Rs 300 crore from Black River
"The company has entered into an investment agreement with Black River Food 2 Pte. Ltd dated January 25, 2016," Future Consumer Enterprise said.
Kishore Biyani advises entrepreneurs to read the 'The Alchemist'
An aspiring entrepreneur asked CEO of Future Group, Kishore Biyani, how one can find big money to fund big ideas.
Nobody takes us seriously: Kishore Biyani, Future Group CEO
As Future Group forays bravely into FMCG, can it beat the likes of Britannia, P&G and Unilever at their own game?
How apps are helping Future Group CEO Kishore Biyani to keep track of business growth
Few weeks ago, Biyani made whistle-stop tours across most of the 110 cities where the retail chain has a presence, meeting store managers.
I am a retailer, will give what customers ask for: Kishore Biyani, Future Group CEO
Kishore Biyani of Future Group, compares the current retail scenario in India to a war-like situation where he is just letting the storm pass
Kishore Biyani-led Future Consumer to consider FMCG distribution via franchisees
Future Consumer will consider re-alignment of the business dealing in distribution of food and FMCG products through a franchisee arrangement.
First grandchild for Kishore Biyani
The Future Group CEO Kishore Biyani's daughter Ashni welcomes baby girl Aashvi.
Kishore Biyani on the macro environment in India and its impact on entrepreneurship
At a recent discussion, Kishore Biyani chided the startup generation for ideas that can’t grow beyond Rs 50 lakh-1 cr.
Future Group to launch mobile wallet, says Kishore Biyani
Interestingly, Future Group promoter Biyani's application for the payments bank licence was earlier denied by the Reserve Bank in the first round.
Kishore Biyani introduces next generation Big Bazaar, predicts death for online grocery players
Since the last few weeks, Biyani has been making a whistle-stop tour across most of the 110 cities where the retail chain has a presence.
Why Kishore Biyani likes the idea of being 'reborn'
Future Group's Kishore Biyani is hosting a grand conference around the theme 'Reborn', expected to be attended by over 500 of the who's who of India Inc.
Kishore Biyani says getting harder to do business, rues ever-rising permits
"The numbers of permits we need to obtain are ever- increasing and doing business is getting more difficult in the current scenario of regulations," he said.
Kishore Biyani’s Future Group to manage overall public distribution system and ration shops in Rajasthan
India’s largest retailer, on its part, will gain access to 5,000 outlets across the state to sell its private label products.
How Kishore Biyani's Future Group sealed the deal with Bharti Retail
Biyani has been the script writer of India’s retail story: He was the first to dream big in retail when most thought it was another fad.
Kishore Biyani is a good strategic partner: Rajan Mittal
"I don't need foreign funding, there are enough funds in India. I am relieved only in the sense that I have got a good strategic partner"
Kishore Biyani owned Future Corporate Resources to raise Rs 600 crore via NCDs
Future Corporate Resources Ltd is planning to raise Rs 600 crore through issuance of non-convertible debentures on private placement basis.
Kishore Biyani-promoted Future Group applies for payments bank licence
The Group proposes, subject to the grant of the licence and other regulatory approvals, to name the entity, NuFuture Payments Bank.
Marketplace model adopted by e-commerce companies just smart accounting: Kishore Biyani, Future Group
Biyani said marketplace model adopted by ecomm cos differs little from conventional methods, questioning the rationale that allows them to raise foreign capital.
Kishore Biyani's Big Bazaar to launch app next month, to take on e-tailers and offer instant credits
Biyani said he doesn't worry too much about ecommerce, because it won't be able to match real-world stores in terms of overall volume.
Kishore Biyani's Future group acquires Bharti Retail in an all-stock deal valued at Rs 500 crore
The Mittals will get an immediate stake of 9% each in the BSE-listed Future Retail as well as in the yet-to be-created entity of Biyani.
Future Group-Bharti merger: Kishore Biyani to take control of Rs 15,000-crore new entity
Kishore Biyani-led Future group is taking control of Bharti Retail by merging its retail biz with the latter to create a Rs 15,000-crore entity.
Bharti Retail, Kishore Biyani-led Future Group mulling a joint future on retail front
The moves highlights the willingness of promoters to take bold steps at a time the profitability of large retail chains across the country continues remains under pressure.
Kishore Biyani in talks with Flipkart and Amazon to sell 49% stake in Future Supply Chain Solutions
Biyani's discussion with Flipkart and Amazon is interesting since these e-commerce giants already have their own delivery networks in eKart Logistics and Amazon Transportation Solutions.
Kishore Biyani's Future Group acquires supermarket chain Nilgiris
Future Group CEO Kishore Biyani said, "FCEL's acquisition of Nilgiris is another step towards building a robust convenience store network in India."
Now, eBay MD Latif Nathani questions e-commerce model; agrees with Future Group CEO Kishore Biyani
India’s brick-and-mortar retailers have stepped up their campaign against the country’s nascent but aggressive breed of online retailers.
Futurebazaar.com was ahead of the times: Kishore Biyani, CEO, Future Group
Kishore Biyani talks about his approach to business, growth, a downturn and on the future of retailing.
Kishore Biyani to build food park in West Bengal
Kishore Biyani group is going to build a food processing park in West Bengal with an investment Rs 600 crore, the state industry and commerce minister Amit Mitra said.
Future Group's Kishore Biyani, vendors accuse Flipkart of undercutting to destroy competition
Online vendors alleged that Flipkart and other big e-retailers are enjoying venture capital and FDI funds and are compelling vendors to sell at big discounts.
Kishore Biyani questions rationale of investments in e-commerce space
Biyani also expressed concern that online retailers, flush with cash, may eventually look at buying into traditional brick and mortar companies.
Sun Pharma's Dilip Shanghvi, Future Group's Kishore Biyani among payment bank license applicants
RBI has received as many as 72 applications for ‘small finance banks’ and 42 applications for ‘payments banks’ — entities that are aimed at spreading financial inclusion in the country.
Kishore Biyani is the most successful PE investor in 2013
Even as Future Group's core biz suffered, Future Ventures made Rs 550 cr via 3 exits - more than double it has invested in 12 entities since 2007.


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If you’re looking for an opportunity to trade the news early this week, then Canada’s Ivey PMI release could be your chance to grab some quick pips. But before we come up with some potential trading strategies, let’s first take a look at what the report is all about and how USD/CAD tends to react.
What the heck is the Ivey PMI?
PMI, which is an acronym for purchasing managers’ index, is one of the important gauges of manufacturing activity in an economy. In Canada, this figure is computed by surveying 175 purchasing managers representing various sectors of the industry on business conditions such as employment, production, price levels, new orders, deliveries, and inventories.
A reading below 50.0 indicates that the industry contracted during the month while a reading above 50.0 implies that the manufacturing industry expanded.
What can we expect for the upcoming release?
Canada is set to release its November Ivey PMI on Tuesday 4:00 pm GMT so y’all should set your alarm clocks ready for this event!
The figure is expected to dip from 60.4 to 58.3 during the month, which would reflect weaker industry expansion. Bear in mind though that the actual reading has been coming in better than expected for four out of the last five releases.
How does USD/CAD usually react to the Ivey PMI?
Trading USD/CAD with this report is pretty straightforward. The Loonie typically rallies on stronger-than-expected results, and conversely, it’s not unusual to see the Canadian currency weaken at the sight of sub-50.0 readings or weaker-than-forecasted results.
Also, USD/CAD has a tendency to bounce off the nearest horizontal level immediately after the report is published, continuing in the same direction for the next 30 minutes or so. The move (whether bearish or bullish) can last up to 50 pips.
Take a look at the past couple of releases to see what I mean:
How can you trade the upcoming release?
You’ve got clear skies ahead if you plan on trading this report, since neither the U.S. nor Canada will be publishing any other major reports around tomorrow’s Ivey PMI release.
If the past two releases are anything to go by, your best bet would be to wait for the report to come out and trade in the direction of the initial 15-minute candle. But remember not to keep your trade open for more than an hour!
Look to take profit after price moves about 30 to 50 pips, and set your stop loss clear of the intraday consolidation or the horizontal level from which the release candle bounced off. Good luck!


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For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CHF and closed at 0.9606.
On the macro front, Switzerland’s consumer price index (CPI) advanced less-than-expected by 0.2% on an annual basis in June, rising at its weakest pace in seven months. In the prior month, the CPI had risen 0.5%, while lower market participants expected for a rise of 0.3%. Meanwhile, on a monthly basis, the nation’s consumer prices unexpectedly eased 0.1% in June, compared to an advance of 0.2% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9611, with the USD trading slightly higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9587, and a fall through could take it to the next support level of 0.9564. The pair is expected to find its first resistance at 0.9647, and a rise through could take it to the next resistance level of 0.9684.
Ahead in the day, traders will await the release of Switzerland’s unemployment rate data for June.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.