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October 9, 2014 |
NEW DELHI: Real estate developer Assotech Realty plans to invest up to Rs 1,000 crore in 5-7 years to set up serviced residences for which it has tied up with hospitality chain Lemon Tree Hotels Group for management. Assotech Realty will launch the first project - Sandal Suites - at its Assotech Business Crestera in Noida that will have 210 units, which would be managed and operated by Lemon Tree Hotels. "We plan to launch up to 10 similar projects in next 5 to 7 years with an investment of Rs 800 crore to Rs 1,000 crore," Assotech Realty Pvt Ltd Managing Director Neeraj Gulati told reporters here.
May 14, 2015 |
Carnation Hotels, the hotel management joint venture partner of Lemon Tree Hotels has signed an operating agreement for the groups' first, managed Red Fox Hotel with N Krishnasamy and Sons . Red Fox Hotel, Tiruchirappalli will have 70 rooms and will cater to the transient travellers. The hotel is located on Rockins Road in the cantonment area and is presently run by the owning company and will be operational by October 2016. Rattan Keswani, chairman, Carnation Hotels said, "Trichy has always been a landmark city in the history of Tamil Nadu.
September 26, 2012 |
BHOPAL: The Oberoi and Lemon Tree groups have expressed their desire to set up hotels in Bhopal. An official release said here today that Jaideep Kang of Oberoi group and Vikramjit Singh , national director of Lemon Tree Hotels , conveyed this to Minister for Urban administration, Babulal Gaur and Tourism minister, Tukojirao Puar during a meeting yesterday at New Delhi. The hotel representatives were invited to Bhopal and assured of full cooperation in setting up the hotels.
June 10, 2009 |
NEW DELHI: Five hotel companies, which had won bids to construct hotels around the New Delhi airport, have committed to making an initial investment of over Rs 1,000 crore for the venture. Hotel companies Accor, Interglobe, Bird Group, Lemon Tree Hotels and Saraf Hotels had won the bids for constructing 2,000 hotel rooms from the Delhi International Airport (DIAL), which is in-charge of modernising the domestic and international airports in the Capital. The hospitality firms, which took possession of the land in the beginning of this month, will set up these hotels in an upcoming Aerocity near the airports.
April 4, 2007 |
NEW DELHI: While good food and guest comforts remain on top of the menu of the hospitality industry, the players could well add pampering employees to the list. Lack of availability of good talent, staff shortages and rampant poaching have forced the hotel industry to look at innovative ways to retain people. As part of the carrots, Lemon Tree hotels claims to be the first hotel company in India to give Employee Stock Ownership Plan (ESOP) to its staff. On the other hand, the Park Hotels claim to be the first to implement SAP for managing talent.
April 5, 2012 |
NEW DELHI: Hospitality chain Lemon Tree Hotels today said it plans to open 100 hotels in India by 2020, with a total room capacity of 10,000. The company that currently owns and manages 18 hotels under Lemon Tree Premier , Lemon Tree and Red Fox brands also said it has put on hold plans to foray into real estate in partnership with US-based investment firm Warburg Pincus . "By 2020 we plan to open 100 hotels in India with an inventory of around 10,000 rooms," Lemon Tree Hotels Chairman and Managing Director Patu Keswani told reporters on the sidelines of the Hero Mindmine Summit 2012.
August 5, 2014 |
NEW DELHI: These days it's not just online retailers Flipkart and Amazon or airlines that are offering flash sales and deep discounts. Hotels, too, are vying with each other for guests with a range of packages aimed at lifting occupancy in the current lean season. The Hyatt hotels in India not only offer a 50% discount across all 19 properties, they even have a flash sale with lower rates in some cities. The Carlson Rezidor group is offering a flat 30% discount on bar rates at its 66 properties in India for bookings till the end of the year.
February 15, 2016 |
MUMBAI: Growing number of dual-branded hotels -- two brands under one property -- are cropping up across the country, with developers and brands trying to double the offerings at a single property. With land prices rising, availability of cheap land parcel at a good location is a challenge for developers, particularly in urban markets. This is where the dual-branded strategy comes in handy, maximizing the value of land and minimizes construction and operational expenses. While AccorHotels opened its dual-branded Pullman-Novotel property in Delhi's Aerocity recently, Marriott International launched its first dual brand property housing Fairfield and Courtyard brand in India in Bengaluru last month.
January 9, 2007 |
NEW DELHI: Kotak Realty, the real estate investment arm of Kotak Mahindra Ltd, is raising its second fund worth $350 million. The fund has got commitments from international investors, financial institutions, multilateral agencies and high-net worth investors in the United States, the Middle East and Europe for investing in Indian real estate. The fund is expected to be closed in the next 5-6 weeks. In May 2005, Kotak Mahindra Investments started Kotak Realty Fund with the setting up of the Kotak India Real Estate Fund I ?
November 16, 2006 |
MUMBAI: In a pre-IPO transaction, Bangalore-based realty company Sobha Developers, has placed about 4,90,000 of its equity shares with Kotak Realty at Rs 617 a share, according to a senior company executive. The deal is worth about Rs 30.23 crore. Sobha Developers, which is scheduled to make a public offer from November 23 to November 29, has pegged the price band of between Rs 550 and Rs 640. "It is in line with the current bullishness on real estate, which has witnessed a sharp rise in demand," said CFO P Kanodia.


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Out of the porky depths of Carnitas' Snack Shack comes the Smokehouse Kings, a new side project that will offer cured meats and seafood, barbecue catering service and custom smoking for local restaurants.
Carnitas' owner Hanis Cavin told Eater that they've been smoking meat for industry friends for more than a year, and recently purchased a trailer with five smokers that's powered by a blend of local avocado, apple and cherry wood.
Though they'll start off as a mobile business, the chef says the Smokehouse Kings hope to open a brick-and-mortar barbecue restaurant by the end of the year. Cavin will supervise, but the main meat men are two of his best chefs, Ivan Muñoz and Max Bonacci, formerly of The Linkery.
Muñoz, who previously worked at CUCINA urbana, has been honing his barbecue skills for years; through the Smokehouse Kings project, dubbed "San Diego Barbecue Labs" they'll produce sausages, cured and smoked meats, rubs, sauces, pickles and condiments.
The Smokehouse Kings have their official debut at this Sunday's Chef Celebration Artisan Food and Craft Beer Festival at Stone Brewing World Bistro and Gardens in Liberty Station, where they'll be serving baby back ribs with Muñoz's barbecue sauce, which will be available for retail soon along with their house cured bacon.
· Smokehouse Kings [Official Site]
· All Coming Attractions on Eater [~ESD~]

domain: news


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Oliver Blume’s collection of works could generate governance problems and harm the luxury brand’s IPO.
Oliver Blume, announced last week as the new CEO of Volkswagen, will take over the role of CEO of Porsche AG. The news was confirmed by VW itself. causing some discomfort among the Group’s investors.
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Salseiro happens because of the IPO of Porsche, one of Volkswagen’s most valuable assets. Although the IPO is subject to the approval of the board of directors, everything was fine with the main shareholders of the Group. Or it was.
A study conducted by Bernstein Research shows that almost 75% of investors do not accept Oliver Blume’s double change. For them, Porsche’s executive maintenance erases the freedom the luxury brand would have had after going public.
Of the 58 investors surveyed by Bernstein, 42% are against a Porsche IPO. A tough fight, as 41% believe that, even with Blume on both sides, the IPO should go ahead. The operation, it is worth considering, would raise almost € 20 billion.
Porsche IPO: Governance problems are an obstacle
For Volkswagen Group shareholders, the listing of Porsche in its current form may be affected by corporate governance issues. To Reuters, a representative of Deka Investment, one of VW’s biggest investors, was emphatic when he said that Oliver Blume “cannot take care of everything”. The executive went further and opined that such a move is the result of “mismanagement at Wolfsburg” and is “toxic” for the luxury brand’s IPO.
“Two powers can only exist temporarily, in an emergency. It won’t work for long,” Ulrich Hocker, a member of the association representing retail investors, told Reuters.
“We trust Blume to manage the group, but it is difficult to imagine that he will be able to carry out the dual role of managing interests as the chief executive of Porsche and the group for a long time,” added Hendrik Schmidt, an expert in corporate governance at DWS property manager.
Even with the panic, no one believes in the postponement of Porsche’s IPO – scheduled for the fourth quarter. For this reason, many speculate that the Volkswagen Group will replace Blume with Lutz Meschke, who currently oversees the sports car brand’s finance department. Meschke has been with Porsche since 2009 and at the beginning of 2022 he extended his contract with the company for another five years.
THE the dismissal of Herbert Diess as Group CEO it is also resented by Volkswagen investors. For 63% of those surveyed by Bernstein Research, the executive’s departure will have a negative impact on the company’s stock.
Considered an outsider, coming from BMW, Diess faced a dysfunctional environment since his arrival at the Volkswagen Group. Not surprisingly, after losing the support of the Porsche-Piëch family, an important part of the company’s committee, the CEO received the fatal invitation to withdraw.
A key figure in Volkswagen’s electrification process, Diess led the organization through a difficult period, immediately following the Dieselgate scandal caused by the company’s fraud in controlling the production of millions of cars sold worldwide. The executive has a contract with VW until 2025. According to a source heard by Reuters, he will remain at the Group in an advisory role. Something like Queen Elizabeth of Wolfsburg.


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E-commerce giant says it has constantly worked towards helping sellers chart their growth.
New Delhi: Amazon India has announced reaching an important benchmark of two lakh sellers in just four years of operations in India. Amazon which has been working extensively to launch services that meet different business requirements of sellers helps the business scale greater heights.
"We are very excited and humbled to reach the important milestone of two lakh sellers on the Amazon India marketplace in just four years of our operations in India," said Director and GM Seller Services, Amazon India, Gopal Pillai.
Adding to this Gopal said that the company has been laser focused in ambitious vision of transforming the way India sells, and evolving a conducive environment for anyone with an intent to sell to do so locally, nationally, and globally.
Amazon has till now introduced Indian sellers to the globally successful offerings for sellers like Fulfillment by Amazon.
Right from introducing low cost fulfillment channels through innovations like Easy Ship and Seller Flex to customizing existing ecosystems to introduce SPN and ATES to build online capabilities of the new digital entrepreneurs to undertaking relevant awareness programs like Chai Cart and Tatkal, Amazon has constantly worked towards helping sellers chart their growth.
"Our teams have done an admirable job focusing on our core seller experience, seller enablement and seller success. The fast paced adoption of our marketplace by sellers speaks volumes of their trust in us to help them grow and succeed," added Gopal.
Earlier Amazon had launched a Special Lending Program for sellers last year that enables them to easily access secured and unsecured loans between five lakh rupees to two crore from their partners Capital First and YES Bank.
Its Global Selling Program launched in India in May 2015 has over 20,000 sellers today selling their 'Made in India' products on Amazon's ten global marketplaces to millions of active worldwide customers.


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FRAMINGHAM, Mass.--(BUSINESS WIRE)--Global spending on artificial intelligence (AI) systems is expected to maintain its strong growth trajectory as businesses continue to invest in projects that utilize the capabilities of AI software and platforms. According to the recently updated International Data Corporation (IDC) Worldwide Artificial Intelligence Systems Spending Guide, spending on AI systems will reach $97.9 billion in 2023, more than two and one half times the $37.5 billion that will be spent in 2019. The compound annual growth rate (CAGR) for the 2018-2023 forecast period will be 28.4%.
"The AI market continues to grow at a steady rate in 2019 and we expect this momentum to carry forward," said David Schubmehl, research director, Cognitive/Artificial Intelligence Systems at IDC. "The use of artificial intelligence and machine learning (ML) is occurring in a wide range of solutions and applications from ERP and manufacturing software to content management, collaboration, and user productivity. Artificial intelligence and machine learning are top of mind for most organizations today, and IDC expects that AI will be the disrupting influence changing entire industries over the next decade."
Spending on AI systems will be led by the retail and banking industries, each of which will invest more than $5 billion in 2019. Nearly half of the retail spending will go toward automated customer service agents and expert shopping advisors & product recommendation systems. The banking industry will focus its investments on automated threat intelligence and prevention systems and fraud analysis and investigation. Other industries that will make significant investments in AI systems throughout the forecast include discrete manufacturing, process manufacturing, healthcare, and professional services. The fastest spending growth will come from the media industry and federal/central governments with five-year CAGRs of 33.7% and 33.6% respectively.
"Artificial Intelligence (AI) has moved well beyond prototyping and into the phase of execution and implementation," said Marianne D'Aquila, research manager, IDC Customer Insights & Analysis. "Strategic decision makers across all industries are now grappling with the question of how to effectively proceed with their AI journey. Some have been more successful than others, as evidenced by banking, retail, manufacturing, healthcare, and professional services firms making up more than half of the AI spend. Despite the learning curve, IDC sees higher than average five-year annual compounded growth in government, media, telecommunications, and personal and consumer services."
Investments in AI systems continue to be driven by a wide range of use cases. The three largest use cases – automated customer service agents, automated threat intelligence and prevention systems, and sales process recommendation and automation – will deliver 25% of all spending in 2019. The next six use cases will provide an additional 35% of overall spending this year. The use cases that will see the fastest spending growth over the 2018-2023 forecast period are automated human resources (43.3% CAGR) and pharmaceutical research and development (36.7% CAGR). However, eight other use cases will have spending growth with five-year CAGRs greater than 30%.
The largest share of technology spending in 2019 will go toward services, primarily IT services, as firms seek outside expertise to design and implement their AI projects. Hardware spending will be somewhat larger than software spending in 2019 as firms build out their AI infrastructure, but purchases of AI software and AI software platforms will overtake hardware by the end of the forecast period with software spending seeing a 36.7% CAGR.
On a geographic basis, the United States will deliver more than 50% of all AI spending throughout the forecast, led by the retail and banking industries. Western Europe will be the second largest geographic region, led by banking and discrete manufacturing. China will be the third largest region for AI spending with retail, state/local government, and professional services vying for the top position. The strongest spending growth over the five-year forecast will be in Japan (45.3% CAGR) and China (44.9% CAGR).
The Worldwide Artificial Intelligence Systems Spending Guide sizes spending for technologies that analyze, organize, access, and provide advisory services based on a range of unstructured information. The spending guide quantifies the AI opportunity by providing data for 26 use cases across 19 industries in nine regions and 32 countries. Data is also available for the related hardware, software, and services categories. Unlike any other research in the industry, the detailed segmentation and timely, global data is designed to help suppliers targeting the market to identify market opportunities and execute an effective strategy.
About IDC Spending Guides
IDC's Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn.


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Halal is an Arabic phrase for something that is permitted according to Islamic law. Muslims across the world need to have the assurance that they are consuming products and services with halal certification. In 2019, Muslims globally spent more than $2.0 trillion on halal products. Despite the COVID-19 pandemic, spending by Muslims is forecasted to reach $2.4 trillion by 2024 at a 5-year Cumulative Annual Growth Rate (CAGR) of 3.10 per cent. As the Muslim population is expected to grow twice as fast as the world population and reach 3 billion, about 31.10 per cent of the global population, by 2060, the halal market is expected to grow. Moreover, halal is increasingly tied to tayyib, which means clean and pure in Arabic. Food that is considered tayyib should be hygienic, exposed to minimum contamination, and free from potential toxins. This has led to an increase in demand for halal products also from non-Muslim consumers.
To sell halal products to a quarter of the world's population, companies across the world including from the non-Islamic countries are taking several initiatives. For example, Korean companies have adopted a strategy of filling retail space with halal Korean eateries, karaoke rooms, and cosmetics stores in a four-storey Korea town in a Malaysian shopping mall. Given the current global scenario, companies in Bangladesh should take initiatives to promote and sell halal products not only to the $107 billion domestic halal consumer market (globally second top market after Indonesia) but also to capture halal export share. An increase in the halal export share will drive to promote Bangladesh's second-largest export sector of agriculture and food products, exporting $1.4 billion in FY 2018-19after the apparel industry.
Despite having potential, Bangladesh is yet to penetrate the global markets with its halal food, meat, and beverage items. Lack of authority issuing halal certificates for export and multitude of halal certifications is one of the major constraints for halal export from Bangladesh. Another certification challenge faced by companies in the halal industry is a halal certification from one country may not be recognised in another. Therefore, entrepreneurs in the sector are seeking government support to develop policy guidelines, including the development of a universally recognised halal certificate so that Bangladesh could secure a portion of the global market. Halal certification is critical, but it is a bare minimum to make products attractive to Muslim consumers. To penetrate the halal market, it is important to think from an end-to-end supply chain perspective. The inherited characteristics of the blockchain technology enhance trust through transparency from "paddock-to-plate" in supply chains.
Blockchain is a disruptive technology that has the potential to revolutionise the way transactions are recorded and stored on a decentralised network using cryptographic tokens. As the information which cannot be edited is stored in multiple locations with no one holding ownership, all parties within the network have access to each transaction and associated data. The application of blockchain is invaluable as it provides assurance on the integrity of halal-certified products and builds public confidence and trust. The application can invariably help to achieve competitiveness over other halal food exporting nations and to tap into the global halal market. The followings are specific benefits:
INCREASED TRANSPARENCY AND TRUST: Halal supply chains are complex, involving Muslim and non-Muslim countries with different halal eco-systems that are not always well regulated. Blockchain is used to record all the transactions of a complex halal supply chain right from source to the point of consumer purchase. As the transaction recorded on a halal blockchain are time-stamped and cannot be edited, it injects trust into a halal supply chain thus brand owner would be able to guarantee halal integrity. Moreover, data is stored at multiple locations on a blockchain which provides access to multiple stakeholders thus delivering full transparency. Businesses have realised building trust and transparency by investing in blockchain technology assists in managing the risks related to fraud and deception and also to demonstrate their sustainability credentials. Furthermore, it provides an opportunity for businesses to change the process such as certification, recruitment, and transactions in a way they are safe and secure.
INTERMEDIATION: Halal certification involves verifying the transactions by competent Muslims who are experts in Islamic law. Blockchain removes the need for experts to ensure an independent assessment of the integrity of a product or its network. This technology could enforce end-to-end halal assurance and alignment based on specific halal market requirements, supported by automated smart contracts in its process execution and control.
COST REDUCTION: Currently, the halal certification process is a manual paper-based process that is updated with the halal certification body twice a year resulting in outdated information. A halal supply integrated with a blockchain system has the potential to continually update the halal certification with the halal certification body thus providing accurate information as and when needed. Moreover, smart contracts of blockchain technology could automatically verify the compliance of halal certification when there is a new or change of supplier thus minimising the costs.
INCIDENT MANAGEMENT: Over the years, markets have witnessed several incidents in the supply chain where the products are contaminated, or process is compromised raising concerns of halal integrity. In the event where the halal reputation of a brand is at risk, necessary action to isolate and solve the issue or crisis should be taken instantaneously. Blockchain technology could be of assistance to immediately validate an issue and take appropriate action promptly and limit reputation damage for companies.
Smart contracts of halal blockchain could replace the role of halal certification minimising complexity from the point of view of brand owners. This could help Bangladesh to achieve competitiveness over other halal food exporting nations and gain a sizeable export market share as the issue related to the lack of globally acceptable halal certification would no longer be relevant. Moreover, the transparency provided through blockchain promotes halal integrity which addresses the compliance deficiency of Bangladesh halal exports. By addressing these challenges related to compliance and lack of regulatory bodies, the income from halal exports is likely help Bangladesh generate considerable foreign exchange. Home to one of the world's largest livestock population, the country has the potential to turn the halal industry into a vibrant and self-sustaining one.
Professor Shams Rahman is a Professor of supply chain management, and Dr Aswini Yadlapalli is a Lecturer of supply chain management at the Department of Supply Chain and Logistics, College of Business and Law, RMIT University, Melbourne, Australia.


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Limited edition shirt featuring Rick Ware Racing's Nascar Monster Energy Series #51 with 2016 National Champion logo!
"The Clemson National Championship logo will adorn the hood of a car on NASCAR’s top circuit at the Pocono 400, Rick Ware Racing announced today. Clemson will serve as the primary partner for the #51 car both this weekend at the Axalta presents the Pocono 400 and again on Sept. 3 at the Bojangles Southern 500 at Darlington."
Check out the rest of the article here.
Heather Grey shirt on Next Level shirt in Football. Support the Clemson Tigers! 50% polyester, 25% cotton, 25% Rayonne
100% cotton Comfort Colors on China Blue. Printed with orange and white ink.


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Checkout is just a scan away at more Meijer stores
Customers at Meijer’s Ohio locations can now skip the checkout line.
The Midwest discount retailer is now offering its “Shop & Scan” mobile shopping app, which includes a self-checkout feature, at 179 stores in Ohio, Indiana, Illinois, Michigan, and Wisconsin. With Shop & Scan, customers can scan barcodes on items and bag their own groceries as they traverse the store. A running total of items purchased is viewable as they shop throughout the store. Once a customer has completed their shopping, they scan their phone at a self-checkout lane and pay.
According to Meijer, the most popular features of the app include an integrated shopping list and the ability to clip any available Meijer mPerks digital loyalty coupons for items scanned. In addition to Shop & Scan, the retailer also offers online home delivery and a pick-up option in all 246 stores in six states.
The Meijer mobile app has been downloaded more than 1.1 million times since the initial Shop & Scan pilot launch in Michigan last year. During that time, more than 80% of Meijer customers have used Shop & Scan. The technology works via the free Meijer mobile app that customers can download through the Apple or Android App stores.
“We’re all challenged by time and busy schedules, so Shop & Scan allows customers the opportunity to truly be in control of their shopping trip, from the moment they walk in our stores to the minute they walk out,” said Tom Wilson, Meijer regional VP. “Customers are appreciative of the simplicity of scanning and bagging as they go because they can save time and avoid lines, speeding up their checkout experience.”
Shop & Scan will continue rolling out to additional Meijer stores throughout the year. In March 2019, Meijer expanded the service to 23 stores in Chicago and Northwest Indiana, following the initial pilot launch at 54 stores in Michigan.
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Even Electric and Microsoft inked a deal to sell electric vehicles on a new “smart trading platform,” which Even Electric hopes will become the “go-to” for OEMs’ electric vehicles, Gisli Gislason, chief executive of Even Electric, told Mobility Finance.
“In order to get cars to users, you need to simplify the system,” Gislason said. “The dealership network doesn’t work for EVs, but online sales do,” citing Tesla as a leading example when most OEMs continue to try to sell their EVs alongside traditional gasoline-powered vehicles.
Even Electric is currently signing licensees with OEMs for pop-up showrooms around Europe. On Aug. 7, the platform enters its final phase of development before its first test during the second quarter of 2018, Gislason said.
“They don’t really need to have these big dealerships working for them,” Gislason said. “It could be easily done, and I believe most of the manufacturers making EVs will want to go online,” he said.
The platform seeks to be comprehensive by allowing customers to shop, finance, insure, and trade-in new and used electric vehicles online, on mobile, and in-store. The site will also combine a price comparison site with artificial intelligence and bot technology, and feature a physical distribution channel in the form of showrooms and pop-up stores.
The collaboration with Microsoft Services in Sweden is based on a cloud-based solution with micro services on Azure App Fabric, along with Dynamics 365 and Microsoft Cognitive Services.
The platform is designed to easily scale across the world and integrate with other services and platforms, Gislason added. Founded in 2008 in Reykjavik, Iceland, Even Electric has focused its operations so far in northern Europe as multi-branded EV showrooms.
Even Electric and Microsoft have been working on the platform for about 10 months and Microsoft is developing the artificial intelligence that will allow the website — based on data gathered by a visitor — to know what the individual customer is looking for and guide them from beginning to end without “hassling” them, he said. Microsoft is also providing cloud services and a means of allowing a customer to test-drive a vehicle online. Gislason declined to elaborate how this is possible, but said that it does not involve virtual reality.
Currently, Even Electric is looking for more investors as well as financial lenders and strategic hires to join the platform, Gislason said. While a few financial lenders have expressed interest in the still-unnamed platform, a single global partner with local lenders in each country is ideal, he said.
“We would love to have one that could fulfill all our needs, but we need to be flexible also,” he said. “If one could do this that would be great, maybe some local ones, a customer can also choose their own.”Like This Post


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Wetherspoons is slashing its food and drink prices tomorrow by 7.5%
By Donna Clapp on Tuesday, September 19, 2017
Spoons has decided to support Tax Equality Day in the best way for its customers – by reducing prices on all food and drink!
If this doesn’t get people through the door then nothing will – everyone loves a good bargain. But it’s also a great PR campaign to raise awareness on the high taxes pubs and restaurants have to pay on any food and drink they sell, whereas supermarkets don’t have to.
Tomorrow will show customers how much money they could save if VAT in pubs were lowered permanently and who wouldn’t want that?
It’s a great stunt to raise awareness but also get more business for the day, with the Metro, Mirror, Sun, Star, UNILAD and loads of local newspapers covering the story.


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The US Supreme Court has had the final word on the long-lasting legal battle between the Authors Guild and Google over the latter's practice of scanning millions of books for archival.
...of fabulous flagships, Xbox excitement and Microsoft's mobile meltdown
Win a Microsoft Lumia 650 + a 200GB SanDisk microSDXC card!
Amazon Kindle Oasis 3G: the best Kindle that $360 can buy
Windows 10 for PCs build 14352 released to the Fast ring
Your handy guide to all of the phones and tablets running Windows 10 Mobile
windows 10 mobile
Did you know that ''google'' appeared in print as early as 1908? Or that ''email'' first popped up in 1524? Google has quietly released Ngram, a free tool that allows users to sift through 500 billion...
Google has long history of trying to play April Fools' pranks on their users, and this year was no different with hoaxes across a wide range of their services. Here's a round-up of all Google's...
Best-selling authors J.K. Rowling and Philip Pullman, along with several other major British writers, are voicing strong disapproval of a financial agreement Google is offering authors to make their books available online, reports Times Online. After...
Neowin reported earlier that Google has, on Friday, put up a website allowing people to view their online catalog of books on Apple's iPhone or iPod touch, and Google's own Android-powered devices. This is a...


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Postmates, which is now completing 1 million deliveries a month, is digging in deeper to the e-commerce space with the launch of Postmates Plus Unlimited, a $9.99 per month subscription service that gets you free deliveries on all “Plus” orders over $30, minus the service fee. Plus merchants include American Apparel and thousands of other partners in the Postmates preferred merchant program. By the end of the year, Postmates will have 10,000 Plus merchants across 40 U.S. markets.
Postmates Plus Unlimited kind of sounds like Amazon Prime, amirite? When asked about competing with Amazon, Postmates VP of Growth Kristin Schaefer told me that Postmates has been very anti-Amazon from the very beginning. At the same time, Postmates sees Amazon as its biggest competitor.
“The goal is to make local inventory that’s offline and even online really accessible in every city,” Schaefer said. “That’s very counter to Amazon’s mission with warehouses.”
In the last 15 months, Postmates has driven over $350 million in sales to local economies. She went on to say that while Postmates is anti-Amazon in strategy, the company recognizes that Amazon runs a brilliant operation.
“Over years, we’ve done a lot of time looking at Prime and trying to understand it and thinking about how the model can work for us,” Schaefer said. “It’s been in the works for a long time.”
Ultimately, Postmates Plus Unlimited is part of the company’s larger goal to make the service accessible to everyone, and a service that people can use frequently, Schaefer said. The first step in that larger goal was rolling out flat rate merchants offering deliveries for $2.99. Postmates Plus Unlimited is the next major step in offering an affordable means to accessing items from local merchants.
In order not to lose money, Postmates is limiting the free deliveries to orders over $30, which make up about 50% of the orders on Postmates. It’s also only offering free deliveries from Plus merchants, who pay Postmates anywhere from 15-30% of revenue in exchange for better placement and cheaper delivery fees to customers, which translates to more volume for the merchants. Over time, the take rate may increase, Schaefer said. Right now, the average take rate from merchants is 20%. Meanwhile, the subscription model makes Postmates fleet operate more efficiently since there’s a higher density of orders going to certain merchants. Deliveries from Plus merchants account for almost 40% of Postmates’ delivery volume.
Postmates is not the only on-demand delivery company offering subscriptions. Last year in January, Sprig introduced unlimited meal deliveries as part of a $10 a month plan called Sprig Go. Sprig competitor Munchery also has a similar service, charging $39 a year for free deliveries.
To date, Postmates has raised over $138 million in funding. The company is on track to be profitable sometime next year, Postmates CEO Bastian Lehman (pictured above) said at the Startup Grind conference in February. Meanwhile, Re/Code reported earlier this month, investment bank Qatalyst Partners is apparently working with Postmates to advise it around fundraising or a potential sale.


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The skin of the mushroom foot could potentially provide a sustainable alternative to the insulating substrates in computing chips.
As the production of electronic devices continues to increase, scientists are finding ways to inject a bit of nature and biodegradability into common components like microchips, and believe it or not. Depending, peeling the skin off the mycelium can protect the chip from heat up to 392°F (200°C.)
Once dry, scientists working on the project from Johannes Kepler University in Austria discovered that not only is it heat resistant, but it can last for many years and can withstand bending and folding thousands of times. no wear or tear.
Mushrooms are especially Ganoderma, grows on rotting wood in the mountains of Europe. As it matures, it creates a fibrous sheath to protect its own substrate (in this case, wood), which if sloughed off could protect the microchips.
The substrate underneath computer chips tends to be made of non-recyclable materials such as non-reusable plastic. The authors point out that the increase in popularity of electronic devices in modern times has not been accompanied by an increase in their lifespan and that disposing of them is much more economical for the user than replacing the components. individual parts.
“The large number of devices being manufactured each day, along with their reduced lifespan, inevitably leads to the generation of large amounts of e-waste,” the authors write in their paper, published in the journal Nature. Science Advances.
MORE Mushroom News: Processors in Tech Wearables like Fitbits could be replaced by Mushroom Mycelium
“The concepts of circular economy and recycling alone cannot solve the growing waste crisis. Therefore, electronics research, and especially electronic materials research, must shift its focus from rigorous high-functional concepts to cost-effective, sustainable approaches.”
The mycelium coat, which protects the fungus from bacterial invasion, will decompose in a regular compost pile even after being dried, in just about 10 days.
According to the researchers, leather is slightly less insulating than plastic, but can still withstand high temperatures, even at the same thickness as paper. Furthermore, it can be grown from wood blocks that are left over from lumber production.
RELATED: Stanford designer is creating bricks from fast-growing mushrooms that are stronger than concrete
Now, the team believes their mycelium could excel in products that don’t require long-term electrical circuits such as wearable health monitors and near-field communication (NFC) tags for electronics. However, more development time and work is required.
SHARE this wild use of mushrooms in technology with your friends…


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KVIC records 332% sales growth in last 9 years, achieves turnover of Rs. 1.34 lakh crore1 min read 08 Jun 2023, 08:53 PM IST
KVIC has set a new milestone by creating 9.54 lakhnew jobs in rural areas
New Delhi: The Khadi and Village Industries Commission (KVIC) has accomplished a remarkable feat by achieving an unprecedented 332% sales growth in the span of 9 years, resulting in a staggering turnover of over Rs. 1.34 lakh crore, the ministry of micro, small & medium enterprises said in a statement.


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Gamania, or more famously known as Beanfun (its MMO portal), announced last week that around 150 employees from its worldwide offices will be laid off. Affected offices include the headquarters in Taiwan, in-house development studios and overseas subsidiaries.
This is part of an ongoing company restructuring exercise which has seen an unsatisfactory overall financial performance and strong competition over the past 2 years. Other than current games not meeting expectations, several of the company’s “blockbuster” titles are still in development.
In the latest news from earlier today, it was reported that Gamania is getting its employees to sign an agreement for 2012’s year-end bonus payout to be set at 1 month (total 13 months payout). This was confirmed by Gamania, with analyst speculating that the decisions made so far involved Nexon, the company’s biggest shareholder.


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The fresh jury continues to be away as far as how much feeling this can enjoys with the the efficiency
“Fundamentally… I did not need work one another Saturday and sunday it earlier week-end,” the fresh manager out of surgery claims having a sigh. “Things are in the end begin to relax in the factory. The top quality and delivery metrics are maybe not where they need to-be, however, we’re starting to prevent the hemorrhaging. not, the workers out in the latest plant imagine we’re friends out-of idiots once the we just experience period out-of necessary overtime and now several do not have far to your workplace for the.”
The latest overtime amounts have also come down somewhat
“Sure, I agree totally that our very own performance metrics was in the end just starting to score back into where they should be,” claims the main financial manager. “However, our very own transformation numbers are starting to display signs of weakness and you will who has got myself alarmed.” According to him it as he glares at the director regarding sales.
“Well, you try to sell something you should a customer that simply got burned. And people that do return my personal phone calls need the latest pledges otherwise extreme pricing decrease. I believe my sales men and women spend more big date indulgence all of our dated people to keep them regarding leaving than simply they do trying to rating brand new commands in fact it is hurting revenue also.”
“I have got to perform that which we can to store the old users happy,” states the main working administrator. “Exactly how certainly are the techniques upgrade work heading?”
“The improvement organizations are incredibly merely getting started. It coated the fresh warehouse floors last week,” says the latest movie director regarding operations. “The spot is definitely lookin smaller messy. But which can be because of the deficiency of device going through the newest facility. ”
Request will continue to drop because the users send their providers in order to companies that can satisfy their needs, also it takes period so they can also consider using this company once more. However, the brand new operations class is able to tell you change in their abilities metrics just like the consult falls underneath the capabilities range. So it and the proven fact that the sales force starts to shift its desire out of firefighting troubles to help you offering new services begins to render customers back. Thus, all of our request bend begins to flatten away (Profile 6).
“You all inside procedures try appearing great update,” says the chief functions officer when he slaps his manager out-of procedures on the back. “The fresh into-time beginning and you can high quality number is as nice as he’s experienced a long time. All of our process improvement men and women have most done a fantastic job off providing united states come back focused. I am just starting to value our cash and you will conversion quantity, not.”
“I am also starting to love the employment amounts again as well,” states the main Killeen escort economic manager. “Since we’re offering less factors, all of our over costs are very going up too. I’m thinking we should instead initiate reducing will set you back if we have chance to hit our cash amounts.”
“Well, we could take away the procedure update someone i rented a bit back and disband the improvement groups once the the numbers are very a beneficial,” states the newest movie director off procedures. “That may bring all of our costs off fairly quick.”
“Ok. You to definitely songs a great,” claims the chief functions manager. “I should also raise sales by the temporarily decreasing cost and ensure that you tell all of our users regarding the all of our enhanced overall performance. Maybe, we would like to provide them with a global be certain that.”
Therefore some other update work concludes a long time before it have real feeling. The new bottleneck operation continues to work on at the same speed they did just before because the communities have not actually got time and energy to pick the spot where the bottleneck is in the processes. The advance efforts become the “Program of the Week” that make the teams a whole lot more skeptical next time this will be attempted. And the company is bound to repeat the fresh new demand bend more than and over (Shape 7).


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Photo by Alexander Willis
BY ALEXANDER WILLIS
Red 7 Pizza will be permanently shutting its doors this weekend, with Saturday being its last day of operation.
The pizza restaurant opened its Spring Hill location in November of last year, but due to low sales numbers, staff has decided to close up shop.
The entire staff of the Spring Hill Red 7 Pizza location has been offered positions in the original Red 7 Pizza location in Columbia, according to staff.
“Spring Hill’s got a lot of restaurants, so I understand that there’s a lot of competition around here,” said Red 7 Pizza general manager Eli Marino, son of the restaurant’s co-creator, Paul Marino. “It’s a growing city, but there’s a lot of people who work out of Spring Hill, and not as many that stick around to eat in town during the day, so it’s a tough market for restaurants.”
The original Red 7 Pizza in Columbia was started by songwriters Paul Marino and Jeremy Johnson, who met through three-time platinum record producer Greg Nelson. Opening in 2015, the first location sold more than 50,000 pizzas in its first few months, which later lead to expanding to Spring Hill.
“The biggest reason is that we just weren’t doing enough sales, and so our cost of operation was higher than our revenue,” Eli said. “You can do that for so long, but you can’t keep taking a loss. We had no corporate overhead to help us pay through that.”
Red 7 Pizza will be open through Saturday from 11 a.m. to 9 p.m.


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» View Shio Paten Jalur Master Radar Hk 10 Juli 2013
View Shio Paten Jalur Master Radar Hk 10 Juli 2013
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Amazon, one of the sites online stores which previously launched the Kindle Fire, is currently preparing the set-top box itself.
Set-top box (STB) is a device that plugs into the receiver where the TV is capable of displaying special display or like [...]
Iron Man 3 movie has not been released, Gameloft has prepared his game to iOS and Android devices.
Quoted from Slashgear, Thursday (28/3), Iron Man 3 games scheduled to be released on 25 April, or the day before the movie appeared in theaters.
Cooler Master Thursday (09/04) launches headphones aimed at people who love to travel, namely HC-300 and HS-500.
Both headphones are using HDSS technology, a breakthrough technology that eliminates the distortion that can move more freely.
Model HC-300 [...]
BlackBerry Live event held in Orlando, USA, Tuesday (14/5), BlackBerry announced their new hero on the BlackBerry 10 platform, the BlackBerry Q5.
Quoted from Ubergizmo, Wednesday (15/5), according to a recent leak outstanding, the Q5 is a cheap version [...]
Sony showed off its latest ultrabook Windows 8 operating system, Vaio T13 “Touch Screen”, Indocomtech exhibition in 2012 at the Jakarta Convention Center (JCC).
With a 13.3-inch wide screen, users can enjoy a new experience with Windows 8 [...]
BBC Weather Twitter account today hijacked by a hacker group called the Syrian Electronic Army.
This hacker group is a group that supports the Syrian president, Bashar al-Assad, as reported by cnet.com (21/03).
Through Reuters, BBC ensure that their [...]
Buzz Aldrin, Apollo 11 astronaut, plans to sell graffiti sheets contains instructions and guidelines that he uses when for the first time landing on the Moon.
Sheets of paper that contains guidelines used Aldrin when Neil Armstrong was driving the Lunar [...]
Many people who do not want to buy a ring tone as their smartphone. But not a few who complained about the use of the song into ringtone is quite disturbing.
The most easy and free way to make ringtone for your iPhone is using iTunes as reported from [...]
PHENOMENON of Storms Sandy that hit the United States and around to make many people cringe and increasingly wary of the increasingly erratic weather. Natural conditions also makes a number of flooded social networking posts related to storm sandy.
This week, modifier application to be like a cartoon face or an application iMadeFace in the 4th position popular iPhone apps in iTunes. IPhone users is being fond iMadeFace. So what’s so special?
On the iTunes page, iMadeFace claimed as the number [...]
Your comic lover and owner of an iOS device? Do not miss this one application.
Marvel Comics tried to offer around 13 thousand popular comics in an application called Marvel Unlimited.
Quoted from Slashgear, Friday (3/8), the user will be given the freedom [...]


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Posts by category: Product info
currexSole has launched an upgrade to its premium running shoe insole, the Runpro.
A pick of our favourite stocking fillers for the runner in your life
The upcoming launch of a caffeine flavoured spray may well prove to be a quick and convenient alternative to your usual cuppa.
This Sunday, one of the latest products on the running market Ã�ï¿½Ã�Â¢Ã�Â¯Ã�Â¿Ã�Â½Ã�Â¯Ã�Â¿Ã�Â½
A new stylish running brand has been launched named after the iconic venue which played host to the first sub-four minute mile.
SCOTT Sports has launched a new website which includes a section devoted to their wide range of running products.
Top running brand Brooks has launched a ground-breaking product promotion (Try It On) that allows customers to sample shoes from the Pure Product range for 7 days with no commitment to buy and the opportunity to buy a new 'out of box' pair with
Stocking fillers that are ideal for the crazed runner in your life, all for under Ã�ï¿½Ã¯Â¿Â½Ã�ï¿½Ã�Â£10.
A research team led by Birmingham City University has revealed that a more aerodynamic running shoe featuring Ã¢ï¿½ï¿½dimplesÃ¢ï¿½ï¿½ could give runners a
The Royal Melbourne Institute of Technology has launched an electronic running companion called Joggobot.
Dion Harrison, the 2008 amateur World Triathlon Champion, will be demonstrating a new anti-gravity treadmill at The Triathlon Show in Surrey on Saturday, March 3.
Adidas has launched a limited edition run of exclusive trainers to support British athletes in training for the London 2012 and Paralympic Games.
The PureProject range of running shoes arrives in Scotland in autumn 2011 and specialist retailer Footworks in Edinburgh is planning a PureProject information night on November 7.
The Polar RCX5 training computer is now available from retailers across the UK - July 12, 2011.
Brooks has released a new Tro shoe - the T7, available June 2011
Jamie Baulch was in Glasgow (March 31) to promote the Halo range of products including the Halo Proactive sports wash.
Greaves Sports will be holding a adidas foot scan day at their Sauchiehall Street store on Sunday, March 13.
Run-4-It Glasgow is having a pre-spring sale at its Bothwell St store
Run-4-It Dundee is Hosting A Sale - February 18-21, 2011
Customisable running shoe maker Somnio introduce a new minimalist shoe
Mens Health Forum Scotland 10k organiser Sarah McMillan urges runners to think seriously about proper footwear and fitting in advance of their race training
Somnio has been nominated for an 2011 ISPO award
Alicia Silverstone endorses the Green Silence shoe from Brooks on thekindlife.com
The world's first 1,000 mile running shoe has been developed in conjuction with the British Army
Swiggies are a revolutionary new juice bottle, for your wrist
New Orthotic Lab Opens in Hamilton
Saucony launch new ProGrid Hurricane 12 shoe
details of Brooks shoe parties in Scotland - Jan/Feb 2010
details of new Somnio shoe


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Jiannanchun, a famous Chinese liquor, has built a new anti-counterfeiting system
as the "March 15" Chinese consumer rights protection day is approaching, Jiannanchun, a famous Chinese liquor, has a new package and is listed. Anti counterfeiting measures are taken with "three important and eight passes" new technology to ensure that consumers are more assured
in the increasingly fierce market competition and the renovation of counterfeiting methods, in order to maximize the protection of consumer rights and interests, Jiannanchun Group Company took the initiative to add the latest anti-counterfeiting technology on the basis of the anti-counterfeiting of raw fiber texture, that is, the one-time destructive pull on the outer box ② nylon alloying will become the mainstream ring in the development of modified engineering plastics and the "eight passes" anti-counterfeiting technology of banknote printing. The latter is very close to the anti-counterfeiting technology of the latest version of banknotes, which adopts the most advanced anti-counterfeiting technology in the world, such as thermal ink, anti copy orange, high-precision printing, offset printing, micro text, concave convex lines and so on. So far, Jiannanchun has formed a new anti-counterfeiting system of "three important and eight passes"
Qiao Tianming, chairman and general manager of Jiannanchun Group, said that with Jiannanchun's new anti-counterfeiting system, consumers can distinguish the authenticity through three query methods: Internet, and SMS
source of information:
according to statistics, TXV aerospace composites company will provide solutions for the aerospace industry to produce Paek composites on a large scale.
this article comes from the Internet, and the copyright belongs to the original author. It is only for everyone to share and learn. If the author believes that the special plan for scientific and technological innovation in the field of "1035" issued by the Ministry of science and technology involves infringement, please contact us, and we will delete it immediately after verification
Copyright © 2011 JIN SHI


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Back at CES 2018, we got a hands-on look at Android Auto working wirelessly. Since then, the functionality went live on all Pixel smartphones and some Nexus handsets. Now, according to a Kenwood press release, we know that other phones from different OEMs will gain compatibility with Android 9.0.
In a press release meant to promote its wireless Android Auto-compatible infotainment systems, Kenwood let slip when more phones will work in wireless mode:
For other device manufacturers, wireless Android Auto will be implemented with the adoption of Android OS 9.0 or higher.
Check out this support page to see all compatible phones. This list will continue to grow as OEMs rollout Android P to its devices.
We can probably expect Google to announce this sometime during this week’s I/O developer conference.
Check out 9to5Google on YouTube for more news:
FTC: We use income earning auto affiliate links. More.


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FRANKFURT, May 18 — BMW has teased a new all-electric SUV from its i sub-brand that’s due to go into production by 2021, the iNEXT.
The iNEXT is a concept that’s another Vision Vehicle along the same lines as the Vision Dynamics concept we were presented with at last year’s Frankfurt Motor Show.
As well as publishing this rather unrevealing teaser image, BMW has also confirmed the vehicle itself will be unveiled in all its electrified glory later this year.
Up to now, the majority of all-electric cars we’ve been offered by major manufacturers have largely been reasonably compact hatchbacks and sedans.
While a number of mostly Chinese fledgling brands have been touting some larger, SUV-based models, there’s not been much in the way of larger EVs for those who want or need a bigger vehicle and fancy going all-electric, but the iNEXT is expected to be of a similar size to the X5.
Even though we will be seeing the concept in the flesh in 2018, the final production model isn’t going to be made available until 2021.
This will be just one of 12 new fully electric models the Bavarian automaker is going to be introducing by 2025, and we’ll get to see it not long after the BMW i4 sedan.
BMW’s chairman of the board, Harald Krüger, announced the iNEXT during yesterday’s annual general meeting as a new technological flagship of the BMW brand, which will incorporate all the advancements in road mobility made of recent years.
Despite no details of the proposed powertrain being revealed, other than it being all-electric of course, mentioning technological advancements in road mobility suggests that a heavy dose of autonomous tech will be included.
In a statement issued by BMW, Krüger said of the concept: “The iNEXT project is our building kit for the future. It will benefit the entire company and all our brands. For the first time, we are combining all key technologies for future mobility in one vehicle. The iNEXT is fully electric, fully connected and also offers highly automated driving.”
Earlier this year, Alexander Kotouc, the head of BMW I Product Management, told Auto Express: “It’s groundbreaking; the iNEXT will be more of the shape and size of an X5. It will have a completely different interior and be able to seat five people.” — AFP


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The Brickyard Glorietta recently hosted a media event for us and revisit a childhood nostalgia – assembling and racing Tamiya 4WD kits. The last time I assembled one was way back in the Christmas of 1990. I enjoyed building my car kit that time because I never really finished building anything, even with LEGO sets.
Fast forward to the 2019, Tamiya enthusiasts are still at it, this time sharing their childhood hobby with their own children building these model kits together. While there are still Tamiya fans still buying kits and race them, Ferdie Kahn, owner of the The Brickyard and home of Tamiya in the Philippines, thinks it’s a good opportunity to bring back the nostalgia.
“We are excited to reintroduce this to the Philippines by expanding on the
hobby experience. We are offering new ideas and concepts that we expect will appeal to our most ardent followers and to the younger generation. We want the younger generation to embrace the hobby,” said Kahn.
“Mini-4WD car tuning and racing are very social activities and it is equally
challenging. At the Brickyard, you tune your car with so many different options and we give you the opportunity to see your car perform at our world class tracks. You customize your car over and over until you are satisfied with its performance. You are involved for hours in the activity. Then take it a step further and join our races and put your car through the ultimate challenge. The exciting aspect of this hobby is that it has no boundaries, it is inclusive and it is hours of fun.,” he said.
Filipinos are very passionate about Tamiya. It has been around for about 50 years now, he added. Having said that, there’s good news for Tamiya enthusiasts and fans.
The Brickyard and Lil’s Hobby Center will be hosting the Tamiya Mini 4WD Asia Challenge event in Manila on June 20-23. Some 250-300 total competitors from 10 countries, including Singapore, Hong Kong, Malaysia, Thailand, Korea, etc. are expected to take part in this yearly Tamiya competition. The winner will be heading to Japan on November to compete in the World Championships. This promises to be the Mini 4WD event of the
year. Multiple races and events will also be available to the public to experience the thrill of this unique hobby.
“We are fortunate to be hosting this event for the first time in the Philippines and that is a testament to the popularity here in the Philippines. We will essentially bring Mini 4WD back to the mainstream and I really want to showcase the Filipino racers. This will give them a chance to shine in the world stage. “It will also be attended by Mr. Tamiya, himself! We invite everyone to come and experience the thrill of this competition,” he said.
To commemorate the event, and its one year anniversary, the Brickyard and
Lil’s Hobby Center will be releasing, the first ever Dyipne, a limited edition Mini 4WD kit. It will be the first time this Philippine icon will be memorialized in a model kit. Kahn added, “It is really exciting to finally have a kit that is truly and uniquely a Philippine cultural icon. It really goes to show that Tamiya recognizes the Philippines as one of its most important partners.”
Check out these pictures below:
The Dyipne will be exclusively sold at The Brickyard starting on June 6, 2019. Retail price might be around P700+.


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How to Save the Most on Holiday Travel: The Best Days to Buy and Fly
There really is no place like home for the holidays. The key is just getting there without breaking the bank. Here are tips for booking holiday air travel this year — and saving some money in the process.
For Thanksgiving, You Can Delay and Not Pay
If you're expecting that you'll pay more to fly around Thanksgiving, you're right. The travel savings website Hopper lays it on the line: "Thanksgiving is, as always, an expensive time to fly". On the one hand, prices are about 5% to 10% lower this year than in 2014. But if you fly out of a major city, expect to pay much more — especially at Love Field in Dallas, where a roundtrip ticket hits an astounding $494. That's more than three times the price of a normal fall trip.
But Hopper's research also shows you can afford to wait, as domestic roundtrip prices rise less than 5% up to 10 days before departure. "Overall, Thanksgiving flights show a lot less volatility than Christmas and New Year's flights." As for whether your fellow passengers will show more volatility, that's another story.
A Question of When: Ideal Thanksgiving Flying Days
Hopper's research shows that the most expensive day to fly is Sunday (which is typical for the rest of the year). But it's a good bet you can save a few bucks by opting to fly on Friday or Monday instead. Avoid flying roundtrip starting on Saturday, November 21 (when a "good price" is above $600) or returning on Sunday, November 29 (where good prices average just under $600).
But for folks looking at short flights, one of the best ways to save is to opt for a Thursday departure and arrive just in time to carve the turkey. For roundtrips that begin on Thursday, November 26, the price drops to $450. About the only way you'll save more at this point is to move back in with Mom and Dad, though that's out the window if they charge you rent.
Only So Many Shopping Days 'Til Christmas: How Flights Are Trending
CheapAir's Holiday Cheap Flights Report collects data that's updated daily from 11,000 airfares — and already, stats for Christmas air travel are coming in. Now's the time to buy, as tickets will cost you about $20 extra compared to December, when they'll go up by more than $100.
In terms of good days to nab lower fares, CheapAir advises Tuesday, December 22 through Christmas Day (a Friday), and December 29 through New Year's Day (a Friday). Sky-high fares will run Friday, December 18 and Saturday, December 19, along with three straight Sundays: December 20, 27, and January 3. That last Sunday is "likely the most expensive day to fly back," while Tuesday, January 5 means "two extra days of vacation and possibly a boat load of savings." And any day you can combine a boat load of bucks and a half-empty plane, that's a great day indeed.
Readers, what are your holiday travel plans this year? How do you save money on Thanksgiving and Christmas airfares? Let us know in the comments below.
Sign In or Register


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Independent packaging group Koninklijke Paardekooper has acquired a stake in CircularPET, producers of circular soft cup systems for public events, to ensure the recycling of plastic at events in response to the European Commission’s Single Use Plastic Directive (SUPD).
After 1st January 2024, gatherings such as festivals in the Netherlands will be forbidden from distributing disposable cups and plastic meal containers without a sufficient recycling system in place. Paardekooper’s soft cups, allegedly made from 100% (r)PET, will therefore go through CircularPET’s circular collection system in adherence with SUPD regulations.
Supposedly, the recycling process will be overseen by a professional team at the site of the event, who will monitor the number of cups recycled and report it back to the organiser. CircularPET will then process these results and present them in the form of a certificate.
Paardekooper hopes that the collaboration will increase its turnover and market share within the Food Services sector.
“As an organisation, we have the ambition to set the world of packaging in motion and offer our customers more sustainable alternatives,” says Lyanne Paardekooper, CMO of Koninklijke Paardekooper Group. “We have recently been working closely with CircularPET, for example for the Nijmegen Four Day Marches, one of the biggest events in the Netherlands.
“By joining forces, we can offer the event sector an effective circular solution. Only by working together can we reduce the problem of litter.”
“Implementing this system is not easy, because you have to get the whole chain closed,” adds Tjeerd Bijnsdorp, a founder of CircularPET. “You need know how and effective logistics. CircularPET has specialised in this in recent years.
“In order to meet the expected demand, we need to expand our organisation considerably. With Paardekooper’s accession, we can take a big step forward in further professionalising our organisation and perfecting our system. We are looking forward to a successful partnership.”
Earlier this year, a report by Eunomia for Zero Waste Europe discussed the current state of PET circularity in Europe. It identifies the SUPD’s 77% collection target for drinks bottles by 2025, amongst other goals, as a driving force behind improving outcomes.
The European Plastics Converters (EuPC) previously warned that the SUPD had not been implemented by every Member State of the EU, which it feared would cause fragmentation and undermine the value of the single market.


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The future of global payments could be in the early stages of significant change, with Bitcoin and other cryptocurrencies gaining in popularity and use. These charts can keep you up to date on Bitcoin prices and market activity, and can be a useful tool for timing purchases or sales. While prices could go down as well as up, the Bitcoin market has enormous potential, and prices seen in 2017 could eventually look like a genuine bargain.a
In September 2015, the establishment of the peer-reviewed academic journal Ledger (ISSN 2379-5980) was announced. It covers studies of cryptocurrencies and related technologies, and is published by the University of Pittsburgh. The journal encourages authors to digitally sign a file hash of submitted papers, which will then be timestamped into the bitcoin blockchain. Authors are also asked to include a personal bitcoin address in the first page of their papers.
In July 2013, a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa. During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country. According to Vitalik Buterin, a writer for Bitcoin Magazine, "bitcoin's fate in Thailand may give the electronic currency more credibility in some circles", but he was concerned it didn't bode well for bitcoin in China.
Bitcoin and other cryptocurrencies have been identified as economic bubbles by at least eight Nobel Memorial Prize in Economic Sciences laureates, including Robert Shiller, Joseph Stiglitz, and Richard Thaler. Noted Keyensian economist Paul Krugman wrote in his New York Times column criticizing bitcoin, calling it a bubble and a fraud; and professor Nouriel Roubini of New York University called bitcoin the "mother of all bubbles." Central bankers, including former Federal Reserve Chairman Alan Greenspan, investors such as Warren Buffett, and George Soros have stated similar views, as have business executives such as Jamie Dimon and Jack Ma.
Well I haven't forgotten or forgiven you Mr Major; for the ERM debacle. I suffered 2 years of unemployment because of that nonsence. I was 50 at the time; in those 2 years my savings, insurance and pension plans were all decimated. And because of my age I never ever got back to my previous earning or job status. I think your judgement is flawed. I voted to improve the future quality of life for my grandchildren, confident that the UK, in rejoining the whole world, is fully capable of giving them the benefits that (according to the Baby Boomer haters); we enjoyed, prior to our memebership of the ECM EEC EU etc!!
In 2013 and 2014, the European Banking Authority and the Financial Industry Regulatory Authority (FINRA), a United States self-regulatory organization, warned that investing in bitcoins carries significant risks. Forbes named bitcoin the best investment of 2013. In 2014, Bloomberg named bitcoin one of its worst investments of the year. In 2015, bitcoin topped Bloomberg's currency tables.
In 2014, researchers at the University of Kentucky found "robust evidence that computer programming enthusiasts and illegal activity drive interest in bitcoin, and find limited or no support for political and investment motives". Australian researchers have estimated that 25% of all bitcoin users and 44% of all bitcoin transactions are associated with illegal activity as of April 2017. There were an estimated 24 million bitcoin users primarily using bitcoin for illegal activity. They held $8 billion worth of bitcoin, and made 36 million transactions valued at $72 billion. A group of researches analyzed bitcoin transactions in 2016 and came to a conclusion that "some recent concerns regarding the use of bitcoin for illegal transactions at the present time might be overstated".
Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on and offline – from the mid 2010s, some businesses began accepting bitcoin in addition to traditional currencies.
Full clients verify transactions directly by downloading a full copy of the blockchain (over 150 GB As of January 2018). They are the most secure and reliable way of using the network, as trust in external parties is not required. Full clients check the validity of mined blocks, preventing them from transacting on a chain that breaks or alters network rules. Because of its size and complexity, downloading and verifying the entire blockchain is not suitable for all computing devices.
Third-party internet services called online wallets offer similar functionality but may be easier to use. In this case, credentials to access funds are stored with the online wallet provider rather than on the user's hardware. As a result, the user must have complete trust in the wallet provider. A malicious provider or a breach in server security may cause entrusted bitcoins to be stolen. An example of such a security breach occurred with Mt. Gox in 2011. This has led to the often-repeated meme "Not your keys, not your bitcoin".
More recently, at a congressional hearing on Capitol Hill, global economist and New York University professor Nouriel Roubini said, "Crypto is the mother or father of all scams and bubbles." He called out "swindlers" who tapped into investors' fear of missing out and took them for a ride with "crappy assets that went into a bust and crash — in a matter of months — like you have not seen in any history of financial bubbles."


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Fake student ID cards are on the rise in Beijing as people attempt to travel cheap during the Spring Festival holidays, according to the Beijing Daily.
Counterfeit card dealers are distributing phony cards for only $3 and travelers can even purchase cards carrying the magnetic strip for an additional fee. Many believe they will get tickets home for the holidays at half prices, as well as discounted admission into local sporting events but according to transit officials these people are wrong.
Customers, however, will not be able to buy discounted tickets with these fake student ID cards because they will be swiped to verify authenticity and ensure the owner of the card matches the person attempting to get a travel discount, according to the report.
In addition to paying the whole price of the ticket, people who use fake cards will also be fined 50% of the ticket price.
Read more here.


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Premier, which owns brands such as Hovis and Oxo, saw shares rise 10% today on the news that it had found a buyer for its £34M turnover vinegar and sour pickles business, including the Sarson’s brand. It is selling the operations to Japanese vinegars specialist Mizkan for £41M cash.
While this is a trade sale, analysts suggested that, with £290M more assets on the table to sell, Premier might see many of its businesses going to companies in emerging markets in Asia, which are staking out territory in the UK.
It could be stalked by China's Bright Foods, which recently acquired Weetabix for £720M, suggested Martin Deboo analyst from Investec.
He told FoodManufacture.co.uk: “The recent Bright foods Weetabix deal was rather different as that was about Chinese players with low costs of funding staking out territory, rather than seeking ‘hard’ synergies. However, Bright could be a potential buyer for the whole of Premier Foods.
“Premier is a big UK business and priced favourably, which is one of the reasons why it is still interesting stock despite its declining market capitalisation. We know Bright is interested in sizeable UK businesses, as it has looked at United Biscuits already.”
Deboo welcomed the news of the vinegars sale as “a small but positive step in the right direction”. Premier has pledged to sell off £330M of assets by 2013 to meet its banking covenants. It needs to reduce debts built up in a 10-year spree of acquisitions.
“I wouldn’t want to see the sales rushed and would trade speed of disposals for value, given that Premier has bought itself a two-year window of stability in terms of financing,” he added.
Charlie Mills from Credit Suisse said: “Premier has committed to selling £330M of businesses and this is one that everyone thought would go. The sale price is consistent with expectations and its shares have risen 10% since the announcement so obviously investors have welcomed the news.
“Increasingly demand is coming from overseas, but the sales will probably be private equity deals. Premier has committed to making the sales by 2013, which is some way off. It would be better sooner rather than later.”
Darren Shirley from Shore Capital said: “It is encouraging that Premier is making progress with the sales, the price was a bit on the low side but it is a decent start. The issue you would have if a buyer from an emerging market took on Premier as a whole is its debt pile and pension liabilities. You would be more likely to see people picking off assets in the medium term, but if its fortunes are improving that could change.”
Panmure Gordon's Graham Jones predicted the sale of the vinegars business, based in Middleton near Manchester, in a note issued in May.
He told Foodmanufacture.co.uk today (June 15) that he would have liked to have seen the sale price closer to £50M. But the deal was “perfectly respectable”, he added.
Jones added that he expected the other two factories highlighted in May to remain prime candidates for sale.
For more about Premier’s sale to Mizkan, click here.
Meanwhile, Greencore has sold its troubled Minsterley desserts business to Müller Dairy UK. To read more, click here.


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Fontana police are searching for some fashion-savvy cat burglars who walked away with more than $10,000 worth of designer bags from a Fontana warehouse.
Bandits smashed a window just after midnight Friday at the Dooney & Bourke distribution center in the 11400 block of Pacific Avenue, Fontana police Sgt. Robert Morris wrote in a statement. Inside, they cut the wires to the alarm of the 60,000-square-foot warehouse, Morris wrote. They made off with several boxes of merchandise.
Workers arrived the next morning to find an estimated $10,000 worth of handbags and purses had been stolen. The total could rise after a complete inventory of the warehouse, employees told police.
The handbags retail up to $500. Stolen items and counterfeit replicas often are sold for less.


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Over the past two years, consumers have been benefiting from competition between wireless companies, as cell phone providers have been rolling out unlimited data usage and lower bills as a means of securing customers.
Now, with new consumer-price data, the continued hype over promotions seems to be fading out. According to the Labor Department, the consumer-price index -- an indicator of current offers from wireless providers -- showed a 0.3 percent increase in June from last year.
“In terms of promotional intensity, things have cooled quite a bit,” said Jeffrey Moore, lead researcher at Wave7 Research.
CTIA -- a telecommunications trade group -- reported that 95 percent of American adults now own cell phones. In all, they used 15.7 trillion megabytes in mobile data in 2017 -- up from 4.1 trillion in 2014. These numbers complicate the work of wireless providers that need to spend money to keep up with the ever-increasing demands of the industry, and also try to keep and win new customers.
Cutting back on discounts
Back in February, executives at Sprint and T-Mobile -- two companies that have been most aggressive in cutting prices -- revealed they would be cutting back on discounts for the remainder of the year. Though T-Mobile made a bid to acquire Sprint in April, the deal raised eyebrows in the Senate, as many Senators feared it would decrease competition for consumers and, ultimately, raise prices.
Former Sprint executive Matt Carter reported that both Sprint and T-Mobile have been leading the charge among wireless providers when it comes to offering discounted pricing plans in an effort to gain subscribers. However, doing so leaves the companies with less money to not only pay their debt, but also invest in network upgrades.
“At some point in time, you have to have some stabilization around your pricing plans to be able to meet all the various needs they have,” Carter said. He also noted that when Sprint and T-Mobile cut back on price discounts, it allowed “AT&T and Verizon to hold steady” on their pricing plans.
The fine print in wireless plans
Sprint recently announced a new wireless plan, offering customers a tiered plan that replaced its previous five lines for $100 option. Sprint’s new top tier plan with five lines will cost customers $22 per line per month -- a $20 increase from the previous promotion.
Like other wireless companies, Sprint is also offering customers plans with a choice of the video-streaming service Hulu and the music-streaming service Tidal, as well as a more basic unlimited plan.
“Including that kind of content is becoming important,” said Dow Draper, Sprint chief commercial officer. Draper also noted that customers’ bills are likely lower than before when factoring in the additional benefits of the new plans.
Similarly, AT&T has been offering customers subscriptions to DirecTV and HBO, while T-Mobile began offering access to Netflix with wireless plans.
Last month, Verizon unveiled a new -- but also pricier -- unlimited data plan entitled “aboveunlimited.” The new plan allows customers to select different tiers of unlimited data plans within one single plan. Despite the raise in price, Verizon executives are confident with the new plan, as it gives customers the opportunity to choose the plan that best suits their needs for every person in the family.
“I think it’s fair to say objectively based on our performance since some of our competitors changed their offerings, we’ve not seen any increase in our churn,” said Ronan Dunne, president of Verizon Wireless. “We’ve continued to see high levels of customer engagement and satisfaction.”


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Wednesday, April 24, 2013
Wii U shifts 3.45 million units worldwide, misses goal of 4 million
According to a financial statement released by Nintendo this morning, the Wii U has sold 3.45 million units worldwide as of March 31st, a figure that falls short of the 4 million projected by the company in January. That number had been revised from initial forecasts of 5.5 million after sales dropped in the New Year.
Nintendo states that the console failed to "maintain initial sales momentum" due to the delay of several key titles, most likely referring to Pikmin 3 among others.The company is hoping that the release of "key Nintendo titles" in the second half of 2013 will jumpstart sales of the console. They have projected 9 million units sold for the current fiscal year, which runs from April 1, 2013 to March 31, 2014.
Nintendo's fiscal year net profits for the financial year came in at 7 billion yen ($71 million), half of their projected 14 billion. They posted an operating loss of 36.4 billion yen ($366 million), making this their second consecutive annual loss.
Here's a breakdown of their hardware and software sales:
● 31.09 million units shipped (up over 1 million in last quarter)
● 99.84 million units shipped
● 3.45 million units shipped
● 13.42 million games shipped
● Nintendo Land - 2.6 million units shipped
●New Super Mario Bros. U - 2.15 million units shipped
Source: Nintendo via Polygon


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The companies cited above said they will review decisions about the current year’s variable payouts and salary hikes over the coming months as India Inc reels under the economic cost of the outbreak.
“The variable pay for the previous year as well as increments have been paid out,” said a spokesperson for the country’s biggest listed consumer goods maker HUL, which follows the April-March cycle.
The India unit of Swiss packaged foods maker Nestle, which reported its best quarterly sales growth in nearly five years globally as consumers stocked up amid lockdowns, said full salaries to all employees have been paid and relevant increments and bonuses given as planned with no reductions whatsoever.
“Our employees are at the centre of who we are and we’re not considering any cut in salaries nor envisaged any curtailment of employment,” said a spokesperson for Nestle India.
Cos Should Honour Pledges: Recruiters
The company makes infant cereal Nan, Maggi noodles and KitKat chocolate. He said all offers for new employees, inclusive of summer internships across campuses and management trainee positions, have been honoured.
Beverage maker Coca-Cola’s company-owned bottling partner Hindustan Coca-Cola Beverages (HCCB) announced a 7-8% increment for its 7,000 direct employees, which it said is a function of “several factors including employee performance in the preceding year.” The company said the impact of the pandemic would be “severe” in this year as lockdown measures have led to a big slump in consumption, especially in out-of-home segment. The company wanted to support employees at a time of uncertainty, given the overall economic climate. “One of the first things we did amid uncertainty over the pandemic was to reassure employees that there will be no layoffs, salary reductions and job losses,” the spokesperson said.
Some others like Reckitt Benckiser said they will take decisions on payouts, but there would be no layoffs.
A spokesperson for the India unit of Dettol and Lizol disinfectant maker said layoffs were not planned neither foreseen.
“Whether we give increments or not will be based on multiple factors and can’t be determined now, since we follow a January-December cycle,” a spokesperson said. “It will be based on industry benchmarks and global guidance.”
White goods maker Whirlpool Corp vice president HR Sarthak Raychaudhuri also said the company has given hikes and bonus payouts for the previous year, with no reduction in salaries or adjustments to sales incentives. “We may undertake a temporary salary reduction for some senior management depending on business cycles returning to normal. Annual bonus for 2020 would be impacted,” he said.
Cigarettes and consumer goods maker ITC’s spokesperson said the company doesn’t intend to make “any changes to employee compensation” as of now.
Others like consulting firm Bain & Co and information technology company Capgemini said they are going ahead with increments and promotions between April and June. “We have ensured that last year’s strong results are reflected in variable payouts, without any impact of the ongoing situation,” a Capgemini spokesperson said.


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Showcased back in 2021, Nike makes an announcement that their latest model the FlyEase Go will be making their way to the playground with a kid’s exclusive! In addition, official images emerge of the upcoming Kids Nike FlyEase Dynamo Go set to release spring 2022. The global vice president for Kids footwear at Nike, Kevin Dodson, says his main goal of the Dynamo Go was to help kids get their sneakers on faster and easier. “Anyone that spent time with kids knows that when they can pull on their own shoes quickly and easily, it gives them more confidence and a feeling of empowerment, and that gets them moving more,” said by Dodson himself. The sneakers arrive in a predominantly blue-tint-grey base with rainbow-like overlays running down the center of the pair. More features include a red “dynamo go” tongue branding and front mudguard alongside blue heel straps and oversized swoosh on the bottom as well. As of now there is no specific release date or the upcoming Kids Nike FlyEase Dynamo Go other than the fact they will release during spring 2022 but the sneakers are planned to be available on Nike.com and select retailers alongside Play Pack apparel in the near future as well.
WHERE TO BUY
KIDS NIKE FLYEASE DYNAMO GO RELEASE DETAILS:
KIDS NIKE FLYEASE DYNAMO GO
Style Code: TBA
Release Date: Spring 2022


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It was only a few weeks ago that Virgin Media began offering customers a free Amazon Prime membership with certain contracts. Now one of its biggest rivals has launched a very similar deal in a bid to get web users to make the switch to its broadband.
TalkTalk has just revealed a new incentive which includes a year of Amazon Prime for free.
As a quick reminder, Amazon Prime includes access to Amazon Original Series, Prime Music and unlimited fast delivery. It usually costs £79 for a year so this isn’t a bad offer from TalkTalk.
The deal, which is available from today until September 2, can be grabbed when customers sign up to unlimited Faster Fibre Broadband with TalkTalk TV.
Along with throwing in that subscription, TalkTalk has also dropped the price of this bundle with it costing £25.50 per month – a saving of £1.45
It’s worth noting that this bundle only features downloads at 38Mbps which is pretty slow but you can boost this to TalkTalk Faster 150 Fibre if you’re prepared to pay a little extra.
This £30 per month package includes download speeds of 145Mbps and you still get your year of Amazon Prime.
READ MORE: BT, Sky and TalkTalk customers will finally get the broadband boost they deserve
According to ISPreview, TalkTalk has started to update some of the small print on its website to point out the price increase, which looks set to kick-in from October 1, 2020.
The first hike will be the price you pay for UK landline calls outside of any inclusive minute allowances in your contract. Calls to UK numbers will increase by 2 pence to 18p a minute from October 2020. If you make a lot of calls, that could soon add up and it might be worth renegotiating for unlimited calls in your monthly plan.
TalkTalk will also increase the “International Max” boost, which adds 1,000 inclusive minutes to 50 international destinations plus the Channel Islands. If you’ve selected this add-on, you will be charged an extra £2 a month, taking the total for the international call allowance to £12 a month on the same date.
A TalkTalk spokesperson said: “Changing our pricing is never a decision we take lightly, and we remain committed to providing the best value connectivity. Customers continue to benefit from free calls between TalkTalk landlines and free mobile calls using Wi-Fi. Our UK Unlimited calls Boost which includes unlimited calls to UK landlines and mobiles also offers great value with customers saving up to £48/year on calls.
“While International Max Boost customers continue to benefit from savings of up to £60 a year on average with the boost and have the flexibility to opt out at no extra cost. We did not introduce inflationary price increases in April, as many did across the industry, so this is the first time our customers will have seen any changes since the COVID-19 outbreak began.”
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Snacks: Latest news and analysis articles
Now that the football World Cup has come and gone, Tim Eales, director of strategic insight at IRI, examines whether it provided a much-need...
European food manufacturers welcomed progress on a transatlantic free trade deal at a meeting of negotiators and business leaders in Brussel...
Bakery giant Grupo Bimbo, after seeing underlying sales volumes in the US come under pressure during the first six months of the year, has p...
Campbell Soup Co., the US-based food group, is a business that has, in recent years, attempted to reshape its portfolio more towards faster-...
In the second part of a two-part interview, Dr Mehmood Khan, chief scientific officer and head of global research and development at PepsiCo, gives Olly Wehring, editor of just-food sister site just-drinks, a tour of the inner workings of the food and beverage group's R&D approach and defines success and failure for his department
Premier Foods plc is emerging from the long shadow of its debt burden with a new refinancing package and a clear mandate to grow its categories and brands. But, in the tough UK operating environment, growth is proving hard to come by. Premier CEO Gavin Darby speaks to just-food about balancing the need to invest in Premier's stable of well-known brands - as well as some of the more neglected areas of its business - while also managing a fragile balance sheet.
Kellogg has announced it is to cease production at a snacks facility in the US - a move which sees 325 jobs at risk.
The EU trade association for the bloc's food and drink industries, FoodDrinkEurope, has shrugged off Brussels' claims sin taxes do reduce consumption of products high in salt, sugar and fat.
Greencore has said it is confident it can deliver annual earnings in line with market expectations after posting higher sales for the third quarter of its financial year.
M. Dias Branco, the Brazil-based food group, has booked higher profits as a series of price increases helped grow sales.
Moves from Croatia-based consumer goods group Podravka to restructure its food business have weighed on half-year profits.
Strong sales growth has lifted J&J Snack Foods' bottom line with the US firm posting a 13% increase in net profit for the first nine months of its financial year.
Nelson Peltz is not letting go. The US billionaire investor is continuing in his quest to get PepsiCo to split in two - and has reportedly suggested a proxy battle with the company could be on the horizon.
just-food has launched a section on its website dedicated to interviewing internationally-ambitious small- and medium-sized enterprises.
- On the money: Unilever shifting into growth spots
- On the money: Danone denies strategy overhaul
- The just-food interview: Premier Foods CEO Darby
- Shopper trends: World Cup - victory for retailers?
- Why whole sector should take heed of meat scrutiny
- Kellogg to close US snack plant
- Tyson sells Mexico, Brazil ops to JBS
- 2 Sisters "passes" FSA poultry plant audits
- FrieslandCampina to form "dairy zones" in Vietnam
- Danone H1 profits down but sticks to FY goals


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WeWork’s mission is to “elevate the world’s consciousness,” but lately the collective consciousness may have been elevated above its liking.
Investors are unhappy with how much control co-founder and CEO Adam Neumann (known as “Adam,” even in securities filings) exerts over The We Company, and all of his weird financial entanglements with the firm. They seem perturbed by the idea that a company losing billions of dollars expects public investors to hand over several more billion to keep the growth story alive. “We is now expected to wait until mid-October at the earliest to start its investor roadshow following the conclusion of the Jewish High Holidays, which Mr. Neumann observes,” reports the Wall Street Journal (paywall), adding that “some existing investors, including SoftBank, have pushed the company to wait until next year to launch its IPO.”
So, instead of a planned listing in the next few weeks, it could be months before WeWork goes public. And it probably needs to go public. Late last year, WeWork and SoftBank were in talks to have SoftBank pump $15 billion to $20 billion into WeWork, taking a majority stake in the business. Then, in January, SoftBank scrapped that plan after pushback from Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala Investment Co., the two main backers of SoftBank’s $100 billion Vision Fund. Instead, WeWork got a few more billion from SoftBank in January at a $47 billion private valuation (a lot less than it had angled for).
Now, according to the Journal, the market believes WeWork is worth closer to $15 billion to $20 billion, a steep discount from that most recent, SoftBank-led fundraising round. Reuters reported an even lower bound of $10 billion assessed by potential IPO investors.
To be clear, $10 billion is nothing to sneeze at, but it would be a spectacular comedown for Adam and WeWork. The last time the company had such a low valuation was during its Series E financing in June 2015, according to PitchBook. That, combined with the poor performance of Uber, another major SoftBank investment, could also endanger the Japanese investor’s efforts to raise a second massive Vision Fund. Per the Financial Times (paywall), WeWork’s IPO was supposed to be a ringing endorsement of SoftBank’s investment strategy, since it has put more than $10 billion into the company. Instead, it looks like a looming disaster for SoftBank, whose direct investment in Uber is also underwater.


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Digital Payments In A Digital World
The PYMNTS Digital Payments In A Digital World Playbook, done in collaboration with Wirecard, covers the latest digital payment developments, including online and mobile banking adoption trends. It examines how banks and businesses are responding to consumers’ shifting payment needs, how changing relationships between FIs and merchants can help innovate for new challenges in the payments space and the ways in which utilizing new technologies can lead to more personalized services.
Inside the June Playbook
- An interview with Lisa Brubaker, executive vice president and chief technology officer for Delaware-based community bank WSFS BANK, on how technologies such as mobile messaging and QR codes can help enhance customer loyalty
- News and trends surrounding the latest developments in payments, including how KeyBank is revamping its digital platforms to weather the COVID-19 pandemic
- A Deep Dive analyzing how the pandemic has impacted the ways consumers use digital banking services and how this shift will affect the future development of these tools