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Gogoro, widely considered to be the global leader in battery swapping for light electric vehicles, announced today that it is officially launching operations in Israel. The move marks a major westward expansion by the electric scooter and battery swapping company, which has until now largely focused on dominating the Eastern markets.
Gogoro announces Israel launch
Gogoro (Nasdaq: GGR) has built its name not just on its electric scooters, but perhaps even more importantly, on its easy-to-use distributed battery swapping network that removes the hassle of charging an electric vehicle at home or work.
Both the company’s scooters and its GoStation for battery swaps will be coming to Israel, opening first in Tel Aviv this summer before expanding to other cities around the country.
Gogoro has joined forces with leading motorcycle distributor Metro Motor for sales of Gogoro’s scooters. Gogoro has also partnered with Paz Group, a leading gas and energy company, in yet another example of traditionally fossil fuel-based energy companies increasingly turning towards electrification alternatives. Paz will be responsible for operating the Gogoro Network of battery swapping stations around the country.
Those two companies were key to entering the local market, as Gogoro’s CEO, founder and chairman Horace Luke explained:
“We are excited to be launching in Israel, one of the most innovative and technology forward countries in the world to establish a new era of urban two-wheel mobility. We are partnering with two industry leaders Metro Motor and Paz, to bring Gogoro’s next generation battery swapping ecosystem to the Tel Aviv metro area this summer and additional cities in the future.
Gogoro was created to introduce a mass market shift to sustainable energy in densely populated cities by establishing an intelligent urban ecosystem that introduces a new refueling system for electric two-wheel vehicles. Today, Gogoro manages more than 350,000 battery swaps per day and since 2015 has exceeded 275 million battery swaps.”
Israel has long embraced two-wheeled electric vehicles, with e-bikes becoming a commonly accepted form of transportation as far back as a decade ago.
Major Asian electric motorcycle companies often launch operations in Israel before other parts of the Western world, with Tel Aviv dealers many times getting quick access to new models like the Alrendo TS Bravo electric motorcycle and the Sur Ron Storm Bee electric dirt bike.
Metro Motor has already gotten its feet wet in the electric space as the current Zero Motorcycle distributor in the country, and the chairman of the board of Metro Motor Gadi Aviram sees Gogoro as the next step to expanding its electric presence:
“We are proud to announce our collaboration with Gogoro and excited to begin marketing their innovative Smartscooters in Israel. The introduction of Gogoro into the Israeli market is excellent news for two-wheeler enthusiasts and is likely to be a significant growth engine for the company, ever deepening its presence in the electric two-wheeler market.
This new collaboration aligns with Metro Motor’s vision of constantly updating the standards by which they operate, maintaining the status as an industry-leader. We provide the public optimization of user experience, fashion, environmental protection, and affective economic package.”
A source familiar with Gogoro’s rollout plans has confirmed to Electrek that the company will begin with 10 GoStations in Tel Aviv at launch this summer, and will expand to 35 stations by the end of the year. Gogoro will initially focus on the greater Tel Aviv metropolitan area, with the expectation of expanding to new cities in the future.
The source also confirmed that the first two models of Gogoro’s Smartscooters to become available in the country will be the Gogoro S2 ABS and the Gogoro 2 Plus. Both models integrate seamlessly with Gogoro’s battery swapping network to offer a range of 170 km (106 miles) per battery swap (each scooter holds two batteries). Both models also include features like tire pressure monitoring and built-in storage.
The S2 ABS model offers a more advanced Bosch ABS braking and a low maintenance belt drive whereas the 2 Plus uses a synchronized braking system and a chain drive.
Both models feature power ratings of around 7 kW (9.5 hp) with liquid cooled motors and controllers to help reach speeds of around 90 km/h (56 mph).
Pricing for Gogoro’s scooters in the countries has not been announced yet, but the price tag should be helped by the fact that riders only purchase the scooter, not the batteries. In exchange for the lower entry cost, riders pay a subscription fee each month for the ability to swap batteries. The pricing should be much lower than the comparable operation cost of a 125cc gas-powered scooter.
Unlike most electric motorcycles and scooters, Gogoro’s Smartscooters don’t require home or work charging. Instead, the distributed GoStation network makes it easy for riders to simply swap out their batteries when necessary via a subscription service. The swap takes just a few seconds, instead of hours for a home charge.
The system has been demonstrated with immense success in Gogoro’s domestic market of Taiwan, where over 465,000 Gogoro riders make use of over 10,000 battery swapping GoStations spread across 2,185 locations. The Gogoro Network hosts 350,000 daily battery swaps in the country and has seen over 275 million total battery swaps to date since 2015.
The battery swapping stations are so robust that they can even be used during power outage emergencies to feed stored energy back into the local grid, and have successfully powered themselves during nationwide power outages in the past.
The company has continued to update its batteries and their capacity, even launching a prototype for solid state swappable batteries that drastically increase capacity, longevity and robustness. Even so, the company’s battery design has remained backwards and forwards compatible. The first batteries from the company’s start in 2015 still work in today’s Gogoro scooters.
This is of course big news for riders in Tel Aviv – a city where residents are racing toward electrification but suffer from a lack of home charging options due to the high rate of apartment dwellings. But it’s also huge news for fans of Gogoro everywhere that have been waiting for word of the company’s international expansion plans.
So far Gogoro has expanded into major Asian markets like China, India and Indonesia but has yet to set its sights on the West. Now that appears to be changing.
We unfortunately don’t yet have any solid information on when Gogoro scooters or GoStations could be coming to Europe or North America. But the expansion into Israel bodes well for other Western countries that have been chomping at the bit to make use of Gogoro’s highly popular network of scooters and swap stations.
Yalla, kadima! Let’s go!
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CNCA visited STC （Dongguan）
22 May 2014
On 21st May, Mr. Liu Weijun, Vice Director of the Certification and Accreditation Administration of the People’s Republic of China (CNCA), Mr. Li Wenlong, Vice Director of Certification Supervision Department of CNCA, Vice Director of International Cooperation Department of CNCA visited STC (Dongguan). Accompanied by STC’s Chief Executive, Dr. Richard Fung, Chief Operations Officer, Mr. Harry Yeung, Director of Corporate Quality & Information Management, Mr. Wilson Wong, General Manager of Business Development Department, Mr. C.K. Tsang, and General Manager of STC (Dongguan), Mr Eugene Huang, Mr. Liu Weijun was briefed on STC’s history, operation and development. Mr. Liu Weijun appreciated our professional testing services and contributions to manufacturers, and wished us every success in the future.

domain: news


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Car shoppers have long known that they can often buy at lower prices at the end of the month as dealers slash prices to meet sales quotas.
Their chances for such deals have been especially strong as 2012 wears on.
Honda Motor Co., General Motors Co. and Toyota Motor Corp. are all using so-called stair-step programs to give rewards to dealers whose sales reach thresholds set by the companies. Programs such as Honda’s, which started in March to boost Accord deliveries, sweeten incentives for dealers by as much as $1,000 per sale and extend bonuses retroactively for cars sold in previous months, too.
The temptation to win those bonuses can lead to steep discounts or generous trade-ins, often enticing dealers to lose money selling a car so long as they are able to make more from the automaker’s program.
It can be a costly way for automakers to do business and threatens to depress profits. Still, these programs achieve their goal: moving cars and making way for new inventory in dealership showrooms.
“When you’re toward the end of the month, all dealers fight to hit their number,” said Brian Hamilton, who owns stores selling GM, Chrysler and Subaru brands in Nebraska. “If you’ve got 15 or 20 to go, some dealers just give up and don’t participate, but some do some crazy things to make their number.”
Some dealers, including AutoNation CEO Mike Jackson, are pushing back against the spreading use of stair-step incentives. The practice hurts them by alienating buyers who don’t get the end-of-month deal. It also crimps new-car sales margins and reduces the value of used cars, he said.
Using stair-steps amounts to “a game of three-card monte” with customers because the incentives are hidden from consumers, Jackson said in an Aug. 20 interview. “At a certain point, it can make sense to pay the consumer to take the car,” said the head of the largest auto dealership group in the United States.
Sales managers have had hundreds of dollars of wiggle room in negotiating sales of Accord sedans at Hagerstown Honda in Maryland. Honda completed a stair-step program in August that began in March, which set Accord sales quotas for dealers and rewarded them with bonuses that could reach as much as $1,000 per Accord sold for hitting all of their targets.
“It’s helped the consumer get a little bit better deal,” said Paul Ritchie, owner of the Honda dealership about 70 miles northwest of Baltimore. “When the customer needs another couple hundred dollars for their trade, we’ve got something to work with. It just makes deals possible.”
Honda’s six-month Accord program helped the automaker with at least two objectives: winding down inventory of the 2012 model to clear way for the redesigned 2013 Accord, and kick-starting a recovery in the U.S. from inventory shortages and corresponding market-share losses caused by Japan’s March 2011 tsunami.
Sage Marie, a spokesman for Honda’s U.S. unit, declined to comment on the company’s dealer incentive efforts. Honda’s goal is to maintain residual values by avoiding customer cash rebates and direct sales to fleet customers, he said.
“Everybody has their reason” for introducing stair-step incentives, Jackson said. “The Japanese will tell you that with what they went through with the tsunami and the disruption to production and the lost share that this is what we have to do now to get back in the game, but we won’t do it forever.”
U.S. market share for Toyota rose 1.6 percentage points through July to 14.4 percent and 0.4 percentage points for Honda to 9.7 percent, according to researcher Autodata. “It’s a carrot that the manufacturers hold out and we all run for it,” said Hamilton, the Nebraska dealer.
Chrysler has used a three-tier program that awards bonuses to dealers for achieving sales in three given sales ranges, said Hamilton, who was named to a task force set up by the National Automobile Dealers Association in June to improve stair-step programs or do away with using them.
GM’s programs have been tied to customer-satisfaction data and other metrics in addition to sales, Hamilton said in a telephone interview.
Ford Motor Co. is “to be admired” for holding the line against stair-step incentives in recent years, AutoNation’s Jackson said.
“Manufacturers believe that stair-steps work or they wouldn’t do them, but they also know that they don’t work as well as they may appear,” Don Chalmers, a Ford and Lincoln dealer in Rio Rancho, N.M., said in a telephone interview.
“When they end a program, there’s always payback. The week or two after a program ends, the sales slow down significantly.”
Stair-steps aren’t the only short-term sales tactic that automakers have used this year that has drawn criticism from their dealers.
Nissan Motor Co. in March asked dealers to boost vehicle purchases from the manufacturer to use in rental-service fleets in March. The initiative helped Nissan notch 136,317 deliveries that month, the last of the company’s fiscal year. The automaker hasn’t exceeded 100,000 sales in any month since.
Of South Korea’s Hyundai Motor Co. and Kia Motors Corp., the latter of the two affiliates occasionally uses stair-step programs, said Ritchie, who owns a Kia dealership next door to his Honda store.
“I don’t like stair-steps but I don’t know any way to get around them,” he said. “It’s just part of marketing right now, part of the industry these days.”
Volkswagen AG has used such incentives to help reach its target of more than 500,000 vehicle sales in the U.S. this year.
“It used to be a few manufacturers that favored these programs, but now it’s pretty much across the board,” Jesse Toprak, an analyst at TrueCar.com and former finance and sales manager at several dealerships in the Midwest, said in a telephone interview. “When a consumer asks ‘When’s the best time to buy?’ sometimes the old rumor that it’s the last day of the month is kind of true.”
(Source: Bloomberg, 08/31/12)


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Latest RNAi Stories
Study finds that the Solstice-licensed technology allows efficient delivery of RNAi prodrugs SAN DIEGO, Nov.
According to new report from BCC Research, the global market RNA interference (RNAi) drug delivery technologies is expected to grow to nearly $38.8 billion by 2018, with a five-year compound annual
DUBLIN, April 1, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/5wxkx8/global_rna ) has announced the addition of the "Global RNA
WESTBOROUGH, Mass., March 14, 2014 /PRNewswire/ -- RXi Pharmaceuticals Corporation (NASDAQ: RXII), a biotechnology company focused on discovering, developing and commercializing innovative therapies
ReportsnReports.com adds “Global RNA Interference (RNAi) Therapy Market Outlook 2018” reports to its vast collection of research databases. Dallas, Texas
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- The deadly nightshade, Atropa Belladonna, which possesses stupefying or poisonous properties.
- A sleeping-potion; a soporific.
- To mutter deliriously.


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LONDON—The gap between the U.K.’s spending abroad and its earnings from overseas widened in 2015 to the largest deficit on record, a deterioration that may aggravate concerns about the British economy’s reliance on foreign money ahead of a referendum on European Union membership in June.
The economy is one of the key battlegrounds in a heated campaign on EU membership that has divided public opinion and exposed divisions in Prime Minister David Cameron’s ruling Conservative Party.
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5 Top Stocks to Buy in March
Despite a positive start to the year, US stocks finished the final trading day of February in the red. All three of the main
Starbucks Shares Are Cheap. What Should You Consider Before Buying?
Over the last year, Starbucks Corporation’s (NASDAQ: SBUX) share price has declined by over 30%. As a result, the coffee giant is now trading
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It’s no secret that the US and China are not exactly on the best of terms right now. The two global powers have clashed


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Reliance eyeing stake in Jet Airways: paper
Indian energy group Reliance Industries Ltd is in talks with Jet Airways Ltd to buy a 6-7 per cent stake in the private airline, the Mint daily said, citing a source familiar with the development.
The newspaper said on Tuesday Reliance was keen to buy a minority stake as it wanted to be associated with the domestic carrier's proposed cargo airline.
"The mode of Reliance Industries' investment is not finalised. It could be issue of fresh shares or diluting promoter equity," the daily said.
Spokesmen for Reliance, India's leading petrochemical maker and a refiner, and Jet were not immediately available for comment.
For Jet, a stake sale would give it cash at a time when Indian airlines are losing money due to high oil prices.
A top company official told Reuters on Monday Jet planned to invest around $10-$15 million to set up a cargo unit, which would likely be launched in mid-2009 or later that year.


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(Bloomberg) — Mexican cement maker Cemex SAB said rising costs in energy and imports in the U.S. as well as inflation in Europe pressured the company’s margins in the third quarter. The company reported an unexpected net loss of $376 million due to an impairment charge of $500 million.
In Mexico, cement volumes fell 3% from the previous year due to bad weather, the largest cement maker in the Americas said in its quarterly report Thursday. Sales of other products in its home market accelerated in line with the recovery of the formal economy, Cemex said.
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In Europe, the company saw tight capacity utilization and a sudden run-up in input cost inflation, leading Cemex to implement a second price increase during the quarter. Volumes were up 4% led by double-digit growth in the U.K. and Poland.
Cemex sees a 14% increase in energy costs for the remainder of the year. Earlier this month, Chief Executive Fernando Gonzalez said supply-chain issues would represent delays in execution of new projects and a potential impact of $100 million in Ebitda this year.
“We believe some of these cost headwinds such as shipping and fuel shortages are transitory in nature, but we are moving quickly to adjust pricing,” Gonzalez said in a call Thursday to discuss quarterly results. “You should expect continued rapid pricing adjustments to recover input cost inflation.”
Shares fell 2.96% to 13.45 pesos at 10 a.m. in Mexico City. The drop was the sharpest in the country’s benchmark IPC index.
Earnings before interest, taxes, depreciation and amortization reached $740 million. Analysts estimated $804 million.Sales reached $3.77 billion, below analyst’s expectations of $3.88 billion.Leverage now stands at 2.74 times net debt to Ebitda.Cemex in process of closing $3.25 billion bank refinancing with improved terms and conditions.Average life of debt at 6.4 years.
©2021 Bloomberg L.P.


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6th March 2020
Helping to Protect Public Health
Following Symphony’s announcement that the US Food & Drugs Administration had approved its d2p® antimicrobial technology for making plastic bread bags, CGTN reporter Richard Bestic came to Symphony’s Borehamwood laboratory on 4th March, to learn about d2p technology. CGTN showed his report on their Global News channel on Thursday 5th March, and followed up with a story on their digital platform, which has over 200 million followers. See: https://youtu.be/ab2U8RCYtoQ
CGTN is China’s world TV service – broadcasting in English from studios in Beijing; London; Washington and Nairobi to a global audience of 200 million viewers in 133 countries. The material is shared on the outlet’s other foreign language stations – including Spanish; French; Russian and Arabic, with collective audiences exceeding 387 million. Their material is also shared inside China and with two international TV news agencies Reuters and APTN.
The report said that “Symphony’s antimicrobial products can be integrated into a wide range of items – even office furniture and computers can be permanently protected from a host of different micro-organisms.”
The Coronavirus epidemic has focused the minds of governments, and businesses worldwide as they seek to find ways of reducing risks to public health. Symphony is therefore keen to tell the world about its antimicrobial technology that can be incorporated not only into bread bags, but also into a wide range of every day plastic antimicrobial products.
Symphony has found a way to make plastic lethal to micro-organisms, mosquitoes, and rodents for the lifetime of the product, in applications such as:
- Buildings: Plastic table-tops and worktops, plastic cladding of walls, ceilings & floors, ventilation and water pipes, paint, etc.
- Agriculture: Greenhouse films, irrigation pipes etc.
- Clothing and accessories: Wet suits, shoes, insoles, lab coats, face masks etc.
- Electronic: Keyboards, mice and mats, cell phone cases, calculators, remote controls, touch screen devices, electric cables.
- Miscellaneous: Garbage sacks and carrier bags, credit, debit, and membership cards, and plastic banknotes, rubber gaskets, travel trays, play pit balls etc.
- Sanitary: Toilet seats, shower heads, shower curtains, hand dryers, bed-pans, portable toilets, soap holders etc.
- Cosmetic: Shampoo and cosmetic containers.
- Sports: Insoles, ski boots, trainers, swimming pool mats, floats, knee-pads.
- Transportation: Car, bus, train, plane interiors.


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Microsoft has announced that it is bringing Skype to the web in an open beta for anyone who lives in the US or the UK; you can try out the service now by logging into Skype.com.
...of Microsoft's tough decisions, Xbox insights, and BlackBerry's Android beauty
Microsoft challenges you to a game of Bing Pong
Exclusive images of the new phone with a 10,000mAh battery
ISOs of Windows 10 Insider Preview build 10162 are now available
All the latest news on Windows 10
Trouble upgrading to new Windows 10 builds? Here are 5 possible fixes
Microsoft has announced that the Xbox One version of its game development tools "Project Spark" is now in open beta, meaning that users no longer need a code to try it out.
Ubisoft has now launched the open beta test for Ghost Recon Online, the long awaited PC based free-to-play version of the near future military shooter game series.
Blizzard has announced it will hold an open beta test for Diablo III starting today at 12:01 pm Pacific time and ending on Monday, April 23rd at 10 am Pacific time.


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According to a report published Thursday, Apple has hired Shiva Rajaraman, a former YouTube and Spotify executive, to help architect a video content strategy as it takes on established industry players like Netflix.
Citing people familiar with the matter, The Information reports Rajaraman will work under Apple SVP of Internet Software and Services Eddy Cue on a variety of projects.
The former product manager brings years of experience to the job according to his LinkedIn profile. After working at YouTube for some eight years, then more recently at Spotify between 2014 and 2016, Rajaraman is now being tasked with shaping Apple's video strategy, the report said.
"At different times, he ran every individual part of the YouTube team," a former colleague told The Information.
In addition, Rajaraman helped YouTube strike content partnerships with the likes of Disney. He participated in similar activities while at Spotify, including the licensing of video content from Disney, Time Warner and NBC, as well as the advancement of internal initiatives like the app's Discover feature. Rajaraman also worked on nurturing alternative content like podcasts while at Spotify.
At Apple, Rajaraman will work on "the look and feel" of Apple Music, the portal through which the company intends to publish original video content. So far, Apple has announced two original shows in "Planet of the Apps" and "Carpool Karaoke," the latter of which is expected to debut next month in a new Apple Music section called "TV & Movies."
Whether Cue intends to tap Rajaraman for other projects under his purview, like Siri and Apple Maps, remains to be seen. Sources who currently work on the Siri team believe the product specialist might see involvement with Apple's virtual assistant, the report said.
Apple has long been rumored to field original content akin to offerings from Amazon and Netflix, with most rumblings centered around on the company's Apple TV product. While Apple was at one time expected to launch a so-called "skinny bundle" over-the-top streaming service, negotiations with content owners have so far been fruitless.
The Cupertino tech giant is slowly dipping its toe into original programming by coproducing "Planet of the Apps," a weekly reality series modeled after popular shows like "Shark Tank" in which independent developers from around the world pitch their apps to a panel of "mentors." Jessica Alba, Will.i.am, Gwyneth Paltrow and Gary Vaynerchuck will help guide contestants through a development process that will end with a pitch to venture capital firm Lightspeed.
Apple is also partnering with "Late Late Show with James Corden" producer Ben Winston on "Carpool Karaoke." Unlike the short snippets that air on CBS, Apple's version of the show pairs musicians, actors, sports stars and other pop culture personalities together as they take a road trip. In March it was revealed that "Game of Thrones" stars Maisie Williams and Sophie Turner would star in their own upcoming segment.
Offering insight into Apple's take on original content, Cue in an interview last month said the company is open to producing, partnering and backing projects that tap into the current zeitgeist. Apple Music, he said, should generate pop culture, not be a simple conduit for content consumption.


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MotoGP: Maverick Vinales signs with Movistar Yamaha for 2017
It has now been confirmed that Maverick Vinales will make a move from Team Suzuki Ecstar to Movistar Yamaha for the 2017 MotoGP season. Vinales, will replace three-time world champion, Jorge Lorenzo, who recently announced his move to Ducati for the 2017 and 2018 seasons. The 21-year-old Spaniard, will partner Valentino Rossi for the next two MotoGP seasons.
Vinales' move to Yamaha has been brewing for a while now, and he has spoken out on how difficult it was for him to make the decision, stating to the media that Suzuki's support of him over the years has been terrific.
Suzuki also issued a statement, thanking Vinales for his contribution to the development of the GSX-RR: "All the Suzuki family is extremely grateful to Vinales for his contribution to the growth of the MotoGP project and the development of the GSX-RR, as well as for the great results they have achieved together"
Filling the void Vinales left at Suzuki, is ex-Ducati rider Andrea Iannone. Iannone had lost his seat at Ducati recently when the team decided to go with Andrea Dovizioso alongside the incoming Lorenzo. Who will join the team alongside Iannone, however, is a question that yet goes unanswered by Suzuki.
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text: Observers feel that the European Commission’s legal stance against Nike Europe over an alleged under-payment of taxes in the Netherlands has been weakened by a ruling by the General Court of European Court Justice that annulled its previous decision against Apple Corp. and the Irish government. The Commission had charged in 2017 that Apple’s two subsidiaries in Ireland had been getting an unfair advantage by paying the equivalent of less than one percent tax on the group’s European revenues, resulting in tax savings of €13.1 billion between 1991 and 2015. The court ruled that the Commission failed to show “the requisite legal standard that there was an advantage for the purpose of Article 107” of the Treaty for the Functioning of the European Union. The court denied that Apple “had been granted a selective economic advantage and, by extension, state aid” from the Irish government. After 2014, Apple moved its two Irish subsidiaries to the tax-free island of Jersey. The Commission, which started its investigation into Nike at the beginning of 2019, may still appeal the General Court’s decision in favor of Apple to a higher court.


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Google's search results ranking algorithm got another update this week as Google released Panda 4.0, a Google employee announced on Twitter.
Marketers should take note, especially since more than 70 percent of searches online take place in Google.
Google's Matt Cutts broke the news last night on Twitter:
Google is rolling out our Panda 4.0 update starting today.— Matt Cutts (@mattcutts) May 20, 2014
All About SEO
"Panda 4.0 affects different languages to different degrees," Google spokesperson Jason Freidenfelds told CMSWire. "In English, for example, the impact is 7.5 percent of queries that are affected to a degree that a regular user might notice."
The first Google Panda release came in March 2010, an algorithm update that significantly affected certain sites to the point that some webmasters reported traffic declines so bad they said it drove them out of business. Google wanted to lower the rank of "low-quality sites," and return higher-quality sites near the top of the search results.
Website broker Thomas Smale, co-owner at FE International, blogged today that "sophisticated buyers" in the next few weeks could "acquire distressed assets."
"Webmasters often panic," he said, "when their sites are affected by updates as it can wipe out a lot of value overnight. I like to look for sites that have proven models of profitability but have just lost their main source of traffic, specifically Google, if we are referring to sites affected by an update. From the previous earnings data, you can calculate what an organic visitor was worth to the site and then figure out how replaceable that traffic source might be."
Title image by Martinez de la Varga (Shutterstock).


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The Daily Dish: This Fancy Restaurant Serves Food on iPads Instead of Plates
This Fancy Restaurant Serves Food on iPads Instead of Plates
Quince, a highly lauded three-Michelin-starred eatery in San Francisco, is rumored to be serving a new truffle-based dish on an iPad instead of a plate. The dish is described as "white truffle croquettes on iPads playing videos of water dogs on the truffle-hunt.” It’s about time American eateries caught up to the twenty-first century version of fine dining.
German Politician Seeks Ban on Vegetarian Sausage
According to The Independent, German agriculture minister Christian Schmidt is calling for the European Union to ban product names like “vegetarian sausage” and “vegetarian meatballs” on the grounds that they are confusing to consumers who might think the items contain meat, even though they say “vegetarian” right on the package. As precedent, he points out that EU rules do not allow dairy-free products to be called “milk” and “cheese,” even if they are designed to be similar to those items. When a snarky interviewer asked if this rule should also apply to beefsteak tomatoes, Schmidt said that was not necessary because there was not “consumer confusion” about that.
nandyphotos / Thinkstock
This Narcolepsy Drug May Help Fight Obesity Driven by Food Addiction
A new study from the University of Warwick’s Business School in the United Kingdom suggested that modafinil, a drug used to treat narcolepsy may be a potential component to combating obesity that is driven by addictions to food. Modafinil works by changing natural substances in the brain that control being awake and falling asleep, according to the Medline Plus website. Other studies suggest that the drug alters levels of serotonin and dopamine, neurotransmitters that impact the brain’s reward and addiction system, Medical News Today reported. According to the new study, published in Personality and Individual Differences, food addicts lack a certain type of dopamine, leading them to impulsively eat more to reach the same level of reward and pleasure as someone who isn’t a food addict.
Flickr / US Department of Agriculture / CC BY 2.0
This Dutch App Allows Users to Save Money and Prevent Food Waste
Technology is being used to reduce food waste all over the world, and in the Netherlands, the mobile app company NoFoodWasted is making moves in the industry with its coming expansion to Germany, Belgium, and the United Kingdom. The NoFoodWasted app notifies shoppers of discounted items at participating grocery stores that are getting close to their “best before” dates, Seeker reported. NoFoodWasted has helped save $1.56 million worth of food, according to app developer August de Vocht. In addition to calling out items specified by users in shopping lists, the app also recommends similar items that have been recently discounted.
Flickr / Mike Mozart / CC BY 2.0
Fast-Food Chains in India Seek More Female Employees
In India, women have traditionally stayed at home to do housework and raise children. But fast-food chains in India are attempting to change that by hiring more female employees and attracting them with special benefits, such as self-defense classes (Burger King), manager mentorship programs (Pizza Hut, KFC, and Taco Bell), and gender sensitization programs and store rewards (Domino’s). According to executives at multiple fast-food chains, “women are great for business” because of their tendency to be “more hygienic, customer-friendly and loyal,” The Wall Street Journal reported. McDonald’s managers even invited the parents of female employees on site to see for themselves that their daughters would be safe working there. The managers told parents that the women “were now part of a multinational company that respected and promoted women.”


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Personal computer shipments are expected to grow a relatively slow 4.2% this year as market saturation, competition from portable devices and a weaker economic environment cut into sales, according to an industry researcher.
The International Data Corp. forecast for the year is down sharply from its February view of 7.1% growth, partly due to a dimmer economic outlook, as well as disruptions from the March earthquake in Japan and the Arab Spring movement in the Middle East.
First-quarter PC shipments were down 1.1% from the prior year, as a 4.4% drop in consumer shipments more than offset a 3% increase in commercial segments. Mature markets such as Western Europe, the U.S. and Canada saw consumer shipments contract in the double digits as more consumers instead bought tablet computers, smart phones and e-readers.
"The PC market has definitely hit a slow patch," said Loren Loverde, vice president of world-wide consumer device trackers. "Nevertheless, the long-term growth drivers--first among which are growth in emerging markets, declining prices, and growing functionality--remain intact, and the product and design innovations under way will keep PC growth healthy in the long term."
Looking ahead, however, the industry researcher expects shipment growth to rebound in 2012 and remain in the 10% to 11% range through 2015.
New designs, chips, operating systems, features and services, will make PCs more attractive to consumers, IDC said, especially in relatively unsaturated emerging markets.


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A CLUTCH of high-profile companies are eyeing moves on to George Street, which is said to have become the Capital's most popular street among retailers.
The former site of furniture and accessories store The Pier has been lying empty since the start of last year, after the firm plunged into administration.
It is understood that upmarket fashion brand Austin Reed is among the big names that are vying to secure the prime site, at 104 George Street.
Top-end women's clothing brand Anthropologie - which opened its first UK store last year with a "boutique" unit on London's Regent Street - is also understood to have set its sights on George Street for its first Scottish store.
Retail experts say that the strong interest in the street confirms its status as the prime retail street in Edinburgh, at a time that Princes Street has seen a significant decline.
A recent study found four empty shop units in Princes Street, while many of the shops were occupied by retailers on short-term leases.
In contrast, George Street had two empty units and most occupiers are signed up to longer-term leases.
James Godfrey, a partner at property firm Culverwell, which is marketing the lease for 104 George Street, said: "There is no doubt that there is now a lot of demand for the big spaces on George Street. Most of these companies are new names for the city, which is great news."
News of the interest comes after the Evening News revealed last week that "urban chic" fashion retailer White Stuff is planning a 1 million refurbishment of the former Grays store on George Street.
Mr Godfrey admitted that there are still difficulties in the city centre's retail sector.
He said: "There's definitely a nervousness about retailers looking at Edinburgh city centre because they know how disastrous the tram work has been and that has stopped people looking at Princes Street in particular. Footfall is down significantly and people just don't want to go into the city centre unless they have to.
"But George Street is a different retail offering. It is more of a destination street and there has not been the same decline in footfall as other parts of the city."
New data from the city council shows that, across the city centre, average footfall was down 3.2 per cent in the three months to the end of July, compared to the same period last year.
Councillor Tom Buchanan, the city's economic development leader, denied that the main interest in Edinburgh is on George Street, with little interest in Princes Street.
He said: "There is significant development under way in Princes Street, including Primark and New Look opening flagship stores. George Street tends to attract more bespoke shops and Princes Street the high street brands.
"Recent research by CACI found that, behind Brighton, Edinburgh has more diversity in the retail sector than any other major city in the UK."


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A family-owned Bolton baby products manufacturer has secured its first export to Australia in 15 years.
Cosatto is shipping £130,000 of its bespoke baby products with the financial support of UK Export Finance (UKEF).
The business works with the University of Sussex’s Baby Lab to create colourful and engaging patterns that help young children to develop and already sells to retailers large and small in the UK as well as to distributors in countries like Japan.
However, when it came to arranging the insurance for a major deal with a distributor in Melbourne, the company's insurance broker would not cover the risk if the deal fell through.
Cosatto turned to UKEF, the UK’s export credit agency, which was able to step in with its export credit insurance scheme.
This enabled the business to export 300 prams, 750 strollers and 200 highchairs to another family-owned business.
The business now expects to turn over £14m this year.
Andrew Kluge, chief executive at Cosatto, said: "We’re incredibly proud of our business and of the way we’ve adapted this past year.
"Australia is an important market for us, and so was ensuring we could meet demand when the first door opened in years.
"Our unique products are backed by science, and continue to save the world from boring baby stuff - one happy child at a time."
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Steve Cowles, UKEF export finance manager for North West England, added: "We are here to ensure businesses in the North of England have the funding and support they need to win contracts, fulfil orders and get paid.
"Cosatto is a strong family business that has managed to crack a competitive market, and this demonstrates the huge potential that lies in trading overseas."
Graham Stuart MP, minister for exports, said: "This is a prime example of how innovative British brands have the potential to go global with the right support.
"Exporting companies like Cosatto are more productive, create more jobs and pay higher wages, which is why we are radically changing how exporters access the government finance they need to sell to the world, allowing them to take full advantage of upcoming trade deals with countries like Australia."


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Amigo issues profits warning as mis-selling compensation claims continue to flood in
Amigo has warned over profits as mis-selling compensation demands continue to flood in.
The guarantor lender revealed pay-out provisions were set to soar to more than £150million, up from £116.4million, after complaints have remained 'at a high level and for longer than expected'.
This will knock profits by at least £85million.
Amigo revealed pay-out provisions were set to soar to more than £150m, up from £116.4m, after complaints have remained 'at a high level and for longer than expected'
Amigo provides money to borrowers who have a friend or family member who is willing to guarantee the loan. It will not restart new lending until 2021 due to ongoing 'uncertainty'.
Amigo has been under investigation by the Financial Conduct Authority (FCA) over whether customers can afford the loans they are taking out.
Gary Jennison, chief executive of Amigo, said fixing the complaints backlog was the group's 'number one priority'.
Shares fell 22.2 per cent, or 1.91p, to 6.68p.
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IAB Europe's GDPR probe moves forward in hearing with Belgian authority
25 June 2021 16:23 by Matthew Newman
IAB Europe held a hearing earlier this month with the Belgian data protection authority, MLex has learned, signalling progress in a probe into whether it’s infringing EU data protection rules with its "transparency and consent framework," used by web publishers for gathering consent to ad targeting.
The closed-door hearing, which took place on June 11, was held before the authority drafts its final decision, which would then be sent to other EU data protection authorities for review and comment.
It’s unclear when the Belgian authority will finish the draft decision and send it to its 26 peers. That procedure may start in September, meaning that a final decision could come as early as October, MLex understands.
At issue is IAB Europe’s transparency and consent framework, which is deployed on websites to ask users to accept or reject ad trackers — with the goal of helping publishers comply with the EU’s General Data Protection Regulation.
The Belgian authority’s investigation follows complaints against the use of personal data in the real-time bidding systems, where web users’ personal data are broadcast in a "bid request" to dozens or even hundreds of companies, the complainants said. This is the "most massive leakage of personal data recorded so far".
“That data is then passed to a vast ecosystem of data brokers and advertisers. Those third parties can then use that data in any way they determine, without the data subject having any say, knowledge or control over that subsequent use,” the complainants said.
In March, David Stevens, the president of the Belgian authority, said that IAB Europe will soon face a decision because the case is now with the watchdog’s litigation chamber.
In October, the authority’s inspection service found a number of alleged GDPR "compliance issues" with the consent framework managed by IAB Europe, according to activists.
IAB Europe rejected the preliminary findings, saying that it disagrees with the regulator's interpretation of the GDPR, in which the organization is a data controller in the context of publishers’ use of the framework, known as the TCF.
IAB Europe has called its TCF "the only GDPR consent solution built by the industry for the industry, creating a true industry-standard approach." It aims to help digital advertising companies comply with the GDPR and e-Privacy Directive "when processing personal data or accessing and/or storing information on a user’s device, such as cookies, advertising identifiers, device identifiers and other tracking technologies."
The Belgian inquiry stemmed from complaints that the TCF allows companies to exchange sensitive information about people even when this has not been authorized, and provides inadequate controls for the processing of sensitive personal data that occurs in the real-time bidding system for placing ads that is used by Google and other companies.
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Finding stocks yielding north of 4% isn't easy these days. Many of the leaders in market segments that income investors typically turn to for chunky payouts including utilities, financials, and REITs have been bid up to the point that they don't make the cut.
I decided to check out some of the more interesting names paying out more than 4% of their market caps in distributions. I'm going to make things even more interesting by avoiding the industries that I just mentioned. Let's see why I think that PetMed Express (PETS -1.49%), B&G Foods (BGS -0.31%), and Steelcase (SCS 0.42%) are three stocks that offer healthy dividends but also promising upside when it comes to capital appreciation.
1. PetMed Express: 4.5% yield
Pet-related stocks were all the rage in 2020 when pet adoptions spiked during the pandemic. The stocks have fallen out of favor in 2021. Where do investors think the dogs and cats we took in last year are going to go?
PetMed Express is a direct seller of prescription and nonprescription pet medications and supplies. It saw its sales climb 9% for its fiscal 2021 year ending in March through its 1-800-PetMeds phone line and website, its sixth consecutive year of positive top-line growth.
Investors were disappointed to see an 18% decline in the fiscal first quarter ending in June, but the year-over-year comparisons were going to be challenging. PetMed Express' revenue soared 20% in the prior year's fiscal quarter -- its highest growth in more than a decade -- as investors stocked up on meds for their new pets. Results were actually in line with where PetMed Express was two years ago.
PetMed Express is confident about its future. It hiked its dividend in May, something that it has done 10 times over the past 12 years. The year-over-year comparisons will get challenging for the next couple of quarters, but our love of pets and the need to take care of them won't be going away anytime soon.
2. B&G Foods: 6.3% yield
You may not think that strolling the supermarket aisle is field research for a stock yielding better than 6%, but that's because a lot of investors don't know about B&G Foods. It's the parent company of a lot of brands you know including Cream of Wheat, Ortega taco shells, and Green Giant vegetables. It added to its portfolio of more than 50 brands by acquiring Crisco last year in a $550 million deal.
Why is a company with so many big brands trading so low that it's yielding 6.3%? Well, it has missed Wall Street's profit targets in each of the past three quarters. It posted a 9% year-over-year decline in revenue in its latest quarter, and the heady growth it reported the quarter before that was entirely the handiwork of the Crisco purchase, as organic sales growth was flat.
This all seems pretty uninspiring, but keep in mind that a year earlier B&G Foods saw its sales soar 38% for the quarter ending in June. We went overboard in stocking our pantries a year ago during the shelter-in-place phase of the pandemic. B&G Foods will be just fine, and you're probably stocked right now with more B&G Foods brands than you think.
3. Steelcase: 4.3% yield
If someone whispered "office furniture" in your ear as the next big thing, you might be standing too close to The Office's Michael Scott. On the surface, it's hard to get excited about Steelcase's high-performance seating, desk, and stylish storage solutions. Offices are contracting in the wake of the COVID-19 crisis, and many tastemaker companies are shifting to hybrid solutions, with more employees spending more time working from home.
Steelcase certainly felt the pinch in its fiscal 2021 ending in February given sales plummeted 30%. Any momentum it had going into the pandemic -- with revenue climbing 13% and 8% in the two previous fiscal years -- was lost. Even the 15% increase it posted for its latest fiscal quarter ending in May places it well below where it was two years ago.
Steelcase isn't going anywhere. It's been around since 1912. It was profitable through every single quarter of the otherwise ugly fiscal 2021. It has now restored its dividend to its pre-pandemic rate of $0.145 a share. Steelcase is also an innovator. It's launching the work tent pod this summer as a creative way to achieve separation in the workspace while also injecting some whimsy into the next new normal. Companies will have to update their furnishings, and Steelcase will be a leader in the reinvention of the corporate workspace. Back home, a hybrid workplace means that folks will have to invest more in upgrading their home offices.
PetMed Express, B&G Foods, and Steelcase are out-of-favor investments with strong dividend yields. They have solid businesses, and patient investors will be rewarded with payouts of at least 4% until the stocks rebound.


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Sri Lanka’s recently gazetted domestic debt restructuring (DDR) exercise has drawn expressions of both support and criticism. Overall, negotiations have to be framed within certain desired outcomes to minimise costs to the economy. To this end, Sri Lanka’s negotiating stance dovetails neatly with crucial research evidence.
In response to the economic crisis, Sri Lanka implemented import controls that expanded significantly by the end of 2022, accounting for approximately 30% of the country’s total import value. But were they necessary or the easiest option? Were they applied optimally to limit damage on growth? Did they distort incentives, thereby promoting domestic production of substitutable products? To shed light on these questions, a comprehensive analysis was conducted using eight waves of import controls. The government’s objectives varied, ranging from curbing currency outflows to promoting domestic production as import substitutes. It is crucial to assess the long-term impact on incentive structures. In this blog, the authors delve into the complexities of Sri Lanka’s import controls, providing insights into their necessity, optimal application, and unintended consequences.
In 2019, only 6% of tea imported by Thailand was from Sri Lanka. This low percentage can be attributed to the difference in preferences and Thailand’s high tariffs of 90% on imported tea, which act as barriers to Sri Lanka’s tea exports. Additionally, Thailand imposes up to 30% tariffs on nearly 120 product lines of wearing apparel. These high tariffs for products with a comparative advantage are not exclusive to Sri Lanka. Thailand also faces higher tariffs for vehicles, rubber, and light-electronics exports which Thailand exports competitively. This tariff structure hampers the bilateral trade of products with a higher comparative advantage for both countries. Despite these challenges, Sri Lanka and Thailand have expedited the process of signing a free trade agreement (FTA) to boost bilateral trade by threefold to USD 1.5 billion. This article discusses the trade effect of an FTA and a way forward to maximise the gains from an FTA.
Sri Lanka’s economy is at a critical juncture where urgent steps are needed to improve the country’s fiscal position. The Institute of Policy Studies of Sri Lanka (IPS) has maintained that increasing tobacco taxation has undeniable health and fiscal benefits. Among the benefits of increasing tobacco taxes are the generation of additional revenue for the government, widespread support among the public for an increase in tobacco taxation, and the reduced burden on Sri Lanka’s struggling health system. In this context, policy solutions, such as taxing tobacco which can be leveraged to boost government revenue without threatening economic growth, are essential. This blog argues that the 2023 Budget should introduce a model of indexation which automatically links tobacco taxation rises with the size of the economy and inflation. This would raise substantial additional revenue from the excise tax on cigarettes.
The Institute of Policy Studies of Sri Lanka (IPS) held a seminar on 25 October 2022 to coincide with the release of the Institute’s annual flagship report, Sri Lanka: State of the Economy 2022, on the theme Driving Policy Action from Crisis to Recovery. Dr Nandalal Weerasinghe, Governor, Central Bank of Sri Lanka and Mr K M Mahinda Siriwardana, Secretary to the Treasury/Ministry of Finance, Economic Stabilisation and National Policies, delivered the keynote addresses. Dr Dushni Weerakoon, Executive Director, IPS, made a presentation to mark the release of the Sri Lanka: State of the Economy 2022 report. Mr R H W A Kumarasiri, Director-General, Department of National Planning and Mr E A Rathnaseela, Addl. Director-General, Department of National Planning chaired/moderated a session on ‘Policy Action for Shared Sustainable Growth: A National Policy Framework’. Under this theme, senior IPS researchers Dr Nisha Arunatilake, Director of Research, Dr Ganga Tilakaratna, Research Fellow and Dr Manoj Thibbotuwawa, Research Fellow, made presentations.


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For more information, e-mail email@example.com.
Live bidding will take place at the 24th Annual Charger Classic on
Monday, June 9 at the Race Brook Country Club.
Thank you to everyone who bid on items in the 2014 Chargers Auction, supporting the University of New Haven Department of Athletics. Look for the 2015 Chargers Auction website to launch in May, 2015 with a number of great and exciting items up for bid!


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Iceland has backed its brand ambassador Stacey Solomon after she was axed from the shortlist for Celebrity Mum of the Year.
The face of Iceland has been axed from the shortlist for Celebrity Mum of the Year 2012 by sponsors Foxy Bingo after she was pictured smoking while pregnant.
The frozen food retailer had to drop former mum of the year Kerry Katona from its adverts after she was pictured taking cocaine in 2009.
But Iceland executive director for people and customers Nick Canning said the retailer remains “fully supportive” of Solomon.
He said: “Stacey has proved to be very popular with our customers over the last 18 months. We understand she deeply regrets the embarrassment she has caused with her recent actions but we are also aware that she has significantly reduced the number of cigarettes she smokes.
“Stacey tells us she is seeking medical advice to help her stop smoking and we remain fully supportive of her during this present time and going forward.”
The I’m A Celebrity Get Me Out Of Here winner told Retail Week last year that she shops regularly at Iceland and is said to have contributed to the retailer’s recent strong performance.


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[Ed. – She really is out to destroy the country.]
Dubbed the “Wall Street Tax Act of 2019,” the legislation. would impose a tax on the purchase of most securities – including stocks and bonds – and on transactions involving derivatives. The tax would be about 0.1 percent of the value of the security or 0.1 percent of all payments made under the terms of a derivative contract.
The measure’s main sponsor is Oregon Rep. Peter DeFazio. Ocasio-Cortez’s involvement with the legislation was confirmed by FOX Business on Tuesday.
The bill aims to curb short-term speculative activity among high-frequency traders, which can have destabilizing effects on the market. In May 2010, for example, a so-called “flash crash”— said to be partially caused by selling among high-frequency traders – wiped out billions of dollars from stocks before prices recovered not long after.


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|By Business Wire||
|December 6, 2012 11:00 AM EST||
Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, announced today that Pep Boys, the leading automotive aftermarket service and retail chain in the U.S., has significantly improved its people management processes and achieved overall business results with Ultimate Software’s UltiPro.
With nearly 20,000 employees in over 730 locations across the U.S. and Puerto Rico, executive management for Pep Boys determined that the company needed to transform its HR operations — which meant replacing the outdated mainframe system it previously used with completely new cloud-based HCM technology. Pep Boys chose Ultimate’s UltiPro solution and went live in July 2011.
Since deploying UltiPro, Pep Boys has addressed a range of critical HR challenges that many industries, particularly retail, face such as:
- Expediting and automating complex and manual HR and payroll processes
- Reducing expenses associated with managing a large, geographically dispersed workforce
- Improving services to employees by providing direct access to vital information that matters to them
“Especially for larger businesses like ours, managing people-related activities is a big portion of day-to-day operations, and a considerable focus is given to how our HCM resources impact the overall budget,” said Mark Buzby, HRIS and payroll director at Pep Boys. “Ultimate’s technology is a huge advantage for our business — elevating the efficiency of our HR and payroll processes for managers and employees, helping our dispersed teams work smarter and collaborate more effectively, and delivering results that have impacted the entire business.”
Retail businesses frequently experience a higher-than-average turnover — so accurate, real-time data is critical to staying on top of workforce changes, as well as managing new hire and terminations with speed and precision. Retailers’ needs include handling complex compensation, such as bonuses and commissions, and seamlessly integrating with third-party point-of-sale systems in locations that are often located around the world. With such a diverse workforce to handle, HR and payroll professionals in the retail industry must deploy the right technology in order to solve critical business problems.
“UltiPro makes my life easier because employees can make changes independently from store or home, and redundant data entry for managers or administrators has been eliminated. The accuracy of our information, our ability to immediately access meaningful metrics, and the speed of delivery has significantly improved,” Buzby added. “Personally, my favorite thing about UltiPro is that we can calculate payroll in 15 minutes for our 20,000-person workforce — a fraction of the time it took with our previous provider. This level of business efficiency has been a huge win for our company.”
Time savings has been an additional benefit because UltiPro provides Pep Boys’ employees with 24-7 access to their information, including payroll details, year-to-date pay summaries, tax-withholding information, and more. Rather than printing checks or payroll advices, employees can view their individual information online and handle a range of transactions that previously involved emailing, faxing, and using a tremendous amount of paper.
“Since we rolled out the UltiPro portal, the savings in paper usage and mailings alone has been significant,” said Buzby. “We’ve stopped printing and mailing hundreds of thousands of pieces of paper each year, which certainly has made an impact on our bottom line.”
With UltiPro as the primary hub for workforce information, Pep Boys’ employees can use UltiPro for snapshots of their compensation history, benefits coverage, and job details.
“Now that our employees are able to make changes on their own and access what they need when they need it, HR is getting out of tactical responsibilities and moving to a more strategic focus, and the response from store employees has been overwhelmingly positive,” said Buzby. “UltiPro is innovative technology that has taken us into the future.”
“Ultimate Software has years of experience and success with many retailers of all sizes, and we have a proven understanding and insight in how businesses like Pep Boys work to increase the efficiency and effectiveness of their HCM operations,” said Greg Swick, chief sales officer at Ultimate Software. “Pep Boys understands how cloud-based HCM technology can help companies adapt to complex and evolving business needs, and we are pleased that UltiPro is supporting this successful retail organization by delivering tangible business results.”
About Ultimate Software
Ultimate is a leading SaaS provider of people management solutions, with more than 8 million people records in the cloud. Built on the belief that people are the most important ingredient of any business, Ultimate's award-winning UltiPro delivers HR, payroll, and talent management solutions that seamlessly connect people with the information and resources they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and has more than 1,600 professionals focused on developing the highest quality solutions and services. In 2012, Ultimate was ranked #25 on FORTUNE'S “100 Best Companies to Work For” list. Ultimate has more than 2,300 customers with employees in 115 countries, including Adobe Systems Incorporated, Culligan International, Major League Baseball, The New York Yankees Baseball Team, Pep Boys, and Texas Roadhouse. More information on Ultimate's products and services for people management can be found at www.ultimatesoftware.com.
UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.
Follow Ultimate Software on Twitter: www.twitter.com/UltimateHCM
Follow Ultimate Software on LinkedIn: http://linkd.in/UltimateHCM
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications Unified Communications Suite gives CSPs the capability to do just that. In addition, its integration ...
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Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable older adults to live independent lives while staying connected to loved ones. M2M will continue to gr...
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Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) application providers dating back to 2004. Cybozu's kintone.com is a leading global BYOA (Build Your O...
Apr. 28, 2015 02:00 PM EDT Reads: 1,714
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
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From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
Apr. 28, 2015 12:00 PM EDT Reads: 5,323
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
Apr. 28, 2015 12:00 PM EDT Reads: 3,714
How is unified communications transforming the way businesses operate? In his session at WebRTC Summit, Arvind Rangarajan, Director of Product Marketing at BroadSoft, will discuss how to extend unified communications experience outside the enterprise through WebRTC. He will also review use cases across different industry verticals. Arvind Rangarajan is Director, Product Marketing at BroadSoft. He has over 19 years of experience in the telecommunications industry in various roles such as Software Development, Product Management and Product Marketing, applied across Wireless, Unified Communic...
Apr. 28, 2015 12:00 PM EDT Reads: 1,835
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquired by Aditi Technologies. He is a Microsoft Regional Director for Hyderabad, India, and one of the f...
Apr. 28, 2015 12:00 PM EDT Reads: 1,788
SYS-CON Events announced today that Litmus Automation will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Litmus Automation’s vision is to provide a solution for companies that are in a rush to embrace the disruptive Internet of Things technology and leverage it for real business challenges. Litmus Automation simplifies the complexity of connected devices applications with Loop, a secure and scalable cloud platform.
Apr. 28, 2015 11:00 AM EDT Reads: 1,935
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of Cloud and Mobile Strategy at GENBAND, will explore what is needed to take a real time communications ...
Apr. 28, 2015 11:00 AM EDT Reads: 1,903
In 2015, 4.9 billion connected "things" will be in use. By 2020, Gartner forecasts this amount to be 25 billion, a 410 percent increase in just five years. How will businesses handle this rapid growth of data? Hadoop will continue to improve its technology to meet business demands, by enabling businesses to access/analyze data in real time, when and where they need it. Cloudera's Chief Technologist, Eli Collins, will discuss how Big Data is keeping up with today's data demands and how in the future, data and analytics will be pervasive, embedded into every workflow, application and infra...
Apr. 28, 2015 11:00 AM EDT Reads: 1,619
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, will provide some practical insights on what, how and why when implementing "software-defined" in the datacenter.
Apr. 28, 2015 11:00 AM EDT Reads: 1,809
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and easy to use. MangoApps has been named a "Market Leader" by Ovum Research and a "Cool Vendor" by Gartner...
Apr. 28, 2015 11:00 AM EDT Reads: 3,784
SYS-CON Media announced today that @ThingsExpo Blog launched with 7,788 original stories. @ThingsExpo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @ThingsExpo Blog can be bookmarked. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
Apr. 28, 2015 11:00 AM EDT Reads: 2,709
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
Apr. 28, 2015 11:00 AM EDT Reads: 2,222
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Apr. 28, 2015 11:00 AM EDT Reads: 2,191
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
Apr. 28, 2015 11:00 AM EDT Reads: 3,013
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
Apr. 28, 2015 11:00 AM EDT Reads: 2,227
So I guess we’ve officially entered a new era of lean and mean. I say this with the announcement of Ubuntu Snappy Core, “designed for lightweight cloud container hosts running Docker and for smart devices,” according to Canonical. “Snappy Ubuntu Core is the smallest Ubuntu available, designed for security and efficiency in devices or on the cloud.” This first version of Snappy Ubuntu Core features secure app containment and Docker 1.6 (1.5 in main release), is available on public clouds, and for ARM and x86 devices on several IoT boards. It’s a Trend! This announcement comes just as...
Apr. 28, 2015 10:45 AM EDT Reads: 1,645
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
Apr. 28, 2015 10:00 AM EDT Reads: 4,334


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TAIPEI, Taiwan - Bitcoin.com and telecommunications manufacturer HTC have announced the beginning of a long-term, mutual...
TAIPEI, Taiwan - HTC Corporation announced the release of their new generation EXODUS 1s blockchain smartphone which is ...
On August 13, due to being in deficit for two consecutive seasons, HTC announced the implementation of the HTC Era Program. Therefore, the company will reduce operating costs by 35 percent and is expecting to scale down 15 percent employees worldwide.
On the other hand, the bid shows Inventec is responding with the future big data, cloud and IoT markets. In other words, the demand is too strong to get new plant.
As a matter of fact, Inventec has signed an investment contract with Liangjiang’s Northern New District, China on Oct 19, which will launch the district’s first big data research center that aims at serving as a cloud service platform to help Inventec realize its strategic transformation.
Nevertheless, Inventec’s development plan reveals that the company will launch five data centers in five cities, including Chongqing and Shanghai by 2017.
In addition, HTC lately has new OEM/ODM partners in assembling its mid-tier and entry-level smartphones including Compal Electronics Inc., Longcheer and Wingtech. Besides, high hopes pinned on the company’s VR device Vive, which will be officially launched on April 2016.
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Updated: November 9, 2021 4:56:26 pm
One of the common ailments faced by sportspersons, the elderly, pregnant women and professionals who either spend long hours sitting at their desks or are constantly on their feet, is oedema or inflammation and pain in the leg. When Kue, a brand of compression socks, was launched by Pune-based start-up Anatomech in August, the sales rose steadily, indicating a heavy demand.
The socks, which enhance oxygen delivery and muscle recovery while reducing spasms and cramps in the legs, are a part of the wearable technology products that Anatomech has been working on since 2020, when the company was founded with a Rs 10 lakh grant from the Indian government’s Department of Science and Technology. In September, Anatomech was one of the runners-up at the Pune round of the TiE Women’s Global Pitch Competition, which featured 58 companies started by women.
Currently, Anatomech is building a daily wear, portable sleeve that allows 10-12 hours of continuous lymphatic decongestion for patients of lymphedema, a surgical outcome that follows mastectomy or other aggressive surgeries.
“Forty per cent of breast cancer survivors suffer irreversible swelling in their adjacent arm as an outcome of surgery and radiation. It is incurable and requires lifetime management. The sleeves stimulate and regulate lymphatic flow, promote self-management and have a sleek design that is convenient and comfortable,” the founder of Anatomech, Divyakshi Kaushik, said.
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The wearable sleeve for lymphedema is likely to be available in the market in 2022 as its development was delayed by the pandemic. “We had already started validating our product technology in 2019, but we also intended to visit a lot of healthcare facilities which was not possible owing to the pandemic. Even though the infection rate had stabilised once, it took us a while to get in touch with patients and healthcare facilities as cancer and post-cancer care need to be dealt with a lot of caution,” she said.
Worldwide, 3.1 million women live with lymphedema and, every year, almost 900,000 women are susceptible to it because they have either undergone mastectomy or an aggressive surgery. In India, 1,06,000 women undergo breast cancer surgery every year and around 65,000 women are susceptible to lymphedema. “We are building healthcare wearables to ease rehabilitation and therapy, while recovering from strenuous physical activities or post injury and surgery,” Divyakshi added.
Divyakshi is a lawn tennis player and started the company a few years after graduating in electronics and telecommunication engineering from Pune University and Industrial Design from MIT Institute of Design, Pune. She received the BIRAC Social Innovation Fellowship in 2018.
“The biomechanics of the body, which is about how the human body functions, intrigues me. As a player, I realise that one ends up having some kind of tissue injury or muscle damage, and how much care this requires while you want to keep training. That kind of directed me,” she said.
Coming up from Anatomech are intelligent wearables for rehabilitation and enhanced agility during strenuous daily activities. “The wearables are technology-integrated performance enhancers for an overworked human body. For some, the body could be overworked owing to strenuous physical activity and for others, it could be due to factors such as age, health, lifestyle and genetics,” Divyakshi said.
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A federal judge in Indiana ruled last week that the state’s law banning smokable forms of hemp is unconstitutional and has issued a preliminary injunction prohibiting enforcement of the statute. In a ruling issued on September 13, Judge Sarah Evans Barker of the Southern District of Indiana said that Indiana’s law prohibiting the manufacturing, financing, delivery, and possession of smokable hemp is preempted by federal law.
Barker wrote in her ruling that enforcing the law would cause “irreparable harm in the form of a credible threat of criminal sanctions” without a preliminary injunction.
The federal government legalized hemp and removed the crop and all hemp products from the nation’s list of controlled substances with the passage of the 2018 Farm Bill in December. But when Indiana passed Senate Bill 516 earlier this year to regulate hemp agriculture in the state, it included the ban on smokable forms of hemp flower.
Smokable Hemp Confusing Cops
The legalization of hemp has led to a proliferation of smokable products that are generally rich in CBD, including dried hemp flower and pre-rolled joints. But the immense popularity of the products has led some states to ban smokable forms of hemp, arguing that law enforcement cannot readily


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As per a report by Bloomberg, Samsung has completed the redesigning of the Galaxy Fold. In an interview with DJ Koh, when asked about the launch, he replied that he needs “a bit more time”. Thus suggesting that the Galaxy Fold will come with more durability, and with fixed Display Protection, which initially made into headlines a few months back.
The redesigning, as per Bloomberg, is mostly for preventing people from removing the protective layer from the display. Thus ensuring that similar mishaps do not take place.
Also, the gap between the hinges has been also a cause of damage to the device. Due to accumulation of dirt between the gaps, the folding caused the display to shatter. Thus Samsung is also focusing on that area as well.
Unfortunately, the device will not be ready before the Galaxy Note 10 Unpacked event at all. For now, after the redesigning, the redesigned parts will start shipping from the head plant to the plants in Vietnam for assembly.
Also, we do not have the actual launch date of the device as well. However, it is possible that the device is relauched before the winter holidays of this year. What we can do is just wait and watch.
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Dynamine powered drink coming to Australia from UPS Protein
The Australian supplement company UPS Protein has unveiled an all-new on-the-go, energy product that sounds surprisingly promising. The supplement is appropriately named Power Shot and based on what’s been revealed so far, it sounds like the RTD is for a lot more than just energy.
UPS Protein has confirmed that its upcoming Power Shot will deliver increased energy, mental focus, strength, stamina, power, and performance. At the moment, the only ingredient we know for sure is going to be in the product is the increasingly popular stimulant Dynamine.
There isn’t any timeframe for the launch of UPS Protein’s Power Shot just yet, only that the promising energy RTD is releasing soon. With UPS being an Australian brand, the Dynamine powered drink will also obviously be released down under in Australia.


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Leaked LG G6 Photo Reveals Dual Cameras
With the lack of modules and the non-removable battery, the G6 is shaping up to be more similar to other Android flagships on the market, but LG could try to use the G6's 18:9 screen and some special features to help the phone stand out.
That's the near-final version of the LG G6, which is expected to launch in the coming weeks, likely at the Mobile World Congress in Barcelona at the end of the month.
Business Insider reports that the G6's twin lenses might be able to achieve the same bokeh effect as the iPhone 7 Plus' portrait mode.
Reince Priebus Doubles Down on White House's Jew-less Holocaust Remembrance
By putting forth this order on Holocaust Remembrance Day, Trump is proving he is insensitive to this day and the history behind it.
Peter Thiel Offered 'Time and Resources' for New Zealand Citizenship
As part of the application, Thiel said it would give him "great pride to let it be known that I am a New Zealand citizen". Opposition Labor MP Iain Lees-Galloway told the Financial Times : "People are deeply uncomfortable with this".
Don Hutchison has parting shot at Dimitri Payet on Twitter
The announcement came after one fan complained he had wasted £60 on a shirt with Payet's name written on the back. It's been long but fortunately everything has ended up well, so obviously I'm very happy to be back.
We've seen images of the LG G6 prototype, photos of the device in a case, and now an image of the LG's upcoming flagship in broad daylight has leaked.
This latest leaks shows the device with a brushed metallic back, featuring all of the rumored specs: dual cameras, a rear fingerprint sensor, USB Type-C, rounded display corners, and more.
The LG G6 has gotten leaked yet again, this time in the form of another hands-on image showcasing its back. However, the images also reveal that the rear side shell is not the one that is planned for the G6 model in terms of the panel material. In a way, it looks like the finish on the LG G2, only we hope this feels much more premium than that. This device is speculated to be arriving with Snapdragon 821 and a 5.7-inch display with 2,880×1,440 resolution.
Facebook nears 2 billion users as ad revenue zooms
Facebook's monthly active user base remained strong across all platforms, including Instagram , WhatsApp and Messenger . Facebook reported fourth quarter earnings and revenue Wednesday that topped estimates across the board.
Testy Trump Call Report Puts Australia's Leader on Defensive
But White House spokesman Sean Spicer has said, despite the President's misgivings about the "dumb" deal , it remained alive. Turnbull went into the conversation with the mentality that "to confront a bully, you need to bully back".
Farage heckled in European Union parliament during speech defending Trump travel ban
The former Ukip leader has been vocal in his support for the 45th President, even sporting a little Trump badge on his lapel. Seb Dance, a Labour member of the European Parliament who represents London, held the hand-written sign as Farage spoke.
Galaxy Tab S3 hits FCC, likely release by Samsung soon
Not only that, but GFX metric also hinted that the Galaxy S3 tab might feature 9.6 inch screen with 2048 x 1536 resolution. We haven't seen another Galaxy Xcover rugged smartphone since Samsung launched the third model back in April 2015.
Former President George HW Bush, Barbara to toss coin at
Bush referenced the need for them both to be at the championship contest when both were laid up in the hospital. The Bushes are big sports fans and attend Houston Astros and Houston Texans games on a regular basis.
Wall to be funded by tax on Mexican products - White House
Trump described the call as "very, very friendly", and said he looks forward to the negotiations over the coming months. While President Trump has insisted Mexico will pay for it, Mexico has strongly denied that claim time and time again.
GM and Honda team up for cheaper hydrogen fuel cells
Honda began delivery of its Clarity Fuel Cell vehicle to US customers in December 2016, following a spring 2016 launch in Japan. Navy on a fuel-cell powered submarine drone, for instance, and it's also been developing a Colorado ZH2 test truck for the U.S.
Boat carrying 31 goes missing in Malaysia, several Chinese tourists on board
The latest incident came about a week after a boat tragedy off the southern Malaysian state of Johor. The skipper and one of the crew member was rescued earlier in the day.
Mauricio Pochettino: Tottenham 'a little bit lucky' to scrape past Wycombe
That means a kind cup draw at home to Wycombe Wanderers will be a very welcome thing to the Tottenham boss. Here it is special - the team, the people is mad to try and lift the trophy.
Duke's Luke Kennard sinks three-pointer to beat Wake Forest
The Wolfpack had not won at Duke in more than two decades, and the loss resulted in Krzyzewski having a team meeting at his home. Duke Visits Rivals Wake Forest in Sat College Hoops / Into boxing as well? The meeting follows Duke's third loss in four games.
Feb 02 2017


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Hobbs bought out by 3i
HOBBS, the women's clothing and shoe chain, has been bought by private equity firm 3i in a deal that values the group at £84m plus debt. The retailer has nearly trebled in value since it was acquired by the management team and Barclays Private Equity for £30m in 2002.
Managing director Nick Samuel, who led the original buyout from founders Yoram and Marilyn Anselm, is staying on with 3i.
Samuel and the rest of the top team are believed to have taken a few million of cash and their equity stake rises from 20% to 37%. This makes them multi-millionaires, with a combined holding worth £31m.
It is the latest in a series of retail deals for 3i, which recently sold fashion group Ben Sherman and the Early Learning Centre toy chain.
The private equity firm has just appointed Simon Ball as finance director after the departure of Michael Queen to head up the growth capital group.
Ball, who joins from the governmental Department of Constitutional Affairs where he is director general finance, takes up his role in February.
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Charm Kitty Cafe to come to Hampden
BALTIMORE — New business would partner with Baltimore Humane Society.
If you like cats, you’re going to love this. A cat cafe is coming to Baltimore.
Cam Tucker is a young entrepreneur with a degree in engineering and a business owner with a brand new idea for Baltimore: the Charm Kitty Café, which is set to open later this year.
“You come hang out with cats,” Tucker said. “We’ll go get your coffee (and) maybe a few snacks and you just hang out.”
Tucker launched a campaign on Kickstarter for the business and now he is working with the developers of Whitehall Mill, an eco-friendly, mixed-use development in Hampden on plans for the new space.
All of the cats at the café will be up for adoption from the Baltimore Humane Society.
“That opens up ten more spaces for us at the shelter,” Baltimore Humane Society spokeswoman Wendy Goldband said. “This also give us the opportunity to do other types of fundraising here. We’ll be able to do fun events here.”
Tucker said the cafe will offer coffee and pre-packaged snacks from local vendors. He is working with the Baltimore Health Department, and he knows not everyone will be on board with the idea…Continue Reading


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Maria Grazia Chiuri and Kris Van Assche put on two very different events to emphasize the strength of the brand’s relationship with Japan.
The “Twilight” star reunited with Karl Lagerfeld for his third ready-to-wear campaign for the French brand.
The products will be available starting in June.
A$AP Rocky, rapper and fashion muse, links with the jeans giant on another clothing line called Guess Club and dishes on Gucci, Raf Simons.
The opening of the redesigned Printemps de l’Homme store marks the first phase in the renovation of around half the store’s surface over the next six months.
What started as a basic on the street — with just a hint of utility — has become the must-have bag for the past few seasons. For spring, the offering is updated with an assortment of bright colors, painterly embroideries and a multitude of pockets.
Karl Lagerfeld captured the actor on the streets of Paris outside his photo studio.


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OYO has appointed Prasidha Menon as its new communications head for India and for other international markets. Menon was previously the head of PR for India and South Asia and product communications lead at Uber.
In June, OYO appointed Rakesh Prusti as its new General Counsel.
Oyo’s international expansion
- In July, OYO Rooms ventured in Europe starting with London.
- In June, OYO commenced operations in China and with about 11,000 rooms in 26 cities including Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen and Kunming among others.
- London is the sixth overseas market for OYO, with services available in Nepal, Malaysia, Dubai, Thailand and China. The hotel brand and aggregator currently operates in 150 cities across India, China, Malaysia and Nepal.
- In September 2017, Chinese multi-brand hotel group China Lodging Group Limited invested $10 million in OYO as part of an MoU. OYO offers franchises as well as managed hotels in the country. The same month, the group raised $250 million (Rs 1600 crore) in a Series D funding round led by SoftBank through its SoftBank Vision Fund.