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The Dow Jones Industrial Average established one more closing record on Tuesday at 36,799.65 factors after upbeat financial data powered the index onward as financiers bank on a strong recuperation. Tech stocks failed to drag the Nasdaq down 1.4% in its biggest decline since December, and the S&P 500 was mostly the same.
Financiers reviewed a trove of brand-new prints out of Washington, consisting of a fresh read on the ISM Manufacturing Index and the Labor Division’s newest job openings.
Launches from ISM showed production reduced in December on a cool down in demand for goods, yet that supply chain restraints are starting to reduce. On the employment side, data revealed demand for workers was traditionally high once again in November, with a record 4.5 million Americans stopping their work as labor shortages continue to strain companies, though the effect of the most recent virus wave has yet to reveal.
” Looking in advance, the Omicron alternative wave will likely cause some temporary weak point in the labor market,” Sam Bullard, senior financial expert for Wells Fargo, wrote in a note released previously this week. “Nevertheless, our company believe this will certainly be short-lived which the pace of hiring need to pick back up by the springtime.”
Despite a mixed day, markets have progressed generally, getting right where they ended in a banner 2021 to trade near all time highs into the new year. The rate of that momentum, nevertheless, remains at the helm of the Federal Book as it prepares for possible price walkings as quickly as this quarter to handle climbing inflation.
Market expert Jim Bianco of his eponymous company Bianco Study told Yahoo Finance’s Brian Sozzi in a sit-down meeting that the reserve bank’s actions position the greatest danger to the red-hot rally in equities.
” I assume that is the primary risk today in 2022,” he said, adding that high inflation is most likely to be persistent and also can press the Fed hard to do something. “In the process of throwing down the gauntlet, it places the rally of the stock exchange at risk.”
Managing Partner Ted Oakley informed Yahoo Finance Live that the Federal Reserve “transformed political on us.”
” As soon as the rising cost of living numbers had actually risen, I think the management had actually pushed them not to fret as much about the marketplace,” he said.
Automakers led headlines on Tuesday, with shares of Ford Motor Company (F) surging greater than 11% in mid-day trading at its highest degree in 20 years to close at $24.31 after the firm claimed it would nearly increase annual production capability for its prominent F-150 Lightning electrical pick-up to 150,000 lorries.
The move comes as Ford’s competitors with rival General Motors (GM) in the electric car race heats up, with GM readied to reveal its own electrical vehicle on Wednesday. GM closed at a record high of 7.47% to $65.74.
On The Other Hand, General Motors was ousted by Japanese carmaker Toyota Motor Corp (T) as the leader in U.S. sales for the very first time in nearly a century. Toyota marketed 2.332 million automobiles in the USA in 2021, defeating 2.218 million for General Motors, the firms reported on Tuesday. GM’s united state sales sagged 13% for 2021, while Toyota was up 10%.
Shares of Toyota closed 6.92% greater on Tuesday at $199.19 a piece.
Dow powers on to set second-straight closing document
Here’s just how market liquidated Tuesday’s session:
S&P 500 (^ GSPC): -3.03 (-0.06%) to 4,793.53
Dow (^ DJI): +214.39 (+0.59%) to 36,799.45
Nasdaq (^ IXIC): -210.08 (-1.33%) to 15,622.72
Crude (CL= F): +$ 0.95 (+1.25%) to $77.03 a barrel
Gold (GC= F): +$ 14.70 (+0.82%) to $1,814.80 per ounce
10-year Treasury (^ TNX): +4 bps to yield 1.6680%.
Nasdaq tumbles, S&P wavers as Dow sustains rally.
Right here were the major relocate markets as of 1:46 p.m. ET:.
S&P 500 (^ GSPC): -14.21 (-0.30%) to 4,782.35.
Dow (^ DJI): +196.99 (+0.54%) to 36,782.05.
Nasdaq Composite : -280.25 (-1.77%) to 15,552.54.
Crude (CL= F): +$ 1.02 (+1.34%) to $77.10 a barrel.
Gold (GC= F): +$ 14.30 (+0.79%) to $1,814.40 per ounce.
10-year Treasury (^ TNX): +4.6 bps to yield 1.6740%.
ARKK’s losses pour into brand-new year.
Ark Development’s (ARKK) top holdings plunged in noontime trading, placing the prominent fund for a harsh start to the new year.
Among the most heavily-allocated picks in her portfolio posting declines throughout the session were Tesla (TSLA), down 3.29% to $1,160.25; Teladoc Health (TDOC), which dropped 6.08% to $89.30, and also Zoom Communications (ZM), tumbling 5.69% to 173.77.
ARKK was down 5.64 in the very early afternoon, plunging lower from a tough 2021 that saw decreases for the exchange-traded fund of more than 20%.
Wood just recently promised her strategy might deliver a 40% substance yearly rate of return throughout the next five years– an estimate she later fine-tuned to a reduced, nevertheless still-lofty 30% -40% after criticism of her statement.
Ark Development'’ s leading holdings lost throughout intraday trading on Tuesday, placing the popular ETF handled by Cathie Wood ‘ s Ark invest for a rough start to the brand-new year. Ark Advancement’s leading holdings lost during intraday trading on Tuesday, positioning the popular ETF taken care of by Cathie Wood’s Ark spend for a harsh beginning to the new year.
Apple turns red after reaching $3 trillion turning point.
Shares of Apple (AAPL) dipped greater than 1% throughout noontime trading after the iPhone-maker rallied in Monday’s session towards a $3 trillion market capitalization.
The decrease contributed to losses in the Nasdaq as the index pared Monday’s gains to edge 1.8% reduced, dropping 280 factors.
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Toyota uncrowns GM as No. 1 automaker.
Japanese carmaker Toyota (NYSE: TM) covered General Motors Carbon monoxide (GM) in united state sales in 2014, unseating the Detroit-based lorry business as the country’s leader in auto sales for the first time in almost a century.
Toyota sold 2.332 million vehicles in the USA in 2021, beating 2.218 million for General Motors, the business reported on Tuesday. GM’s U.S. sales plunged 13% for 2021, while Toyota was up 10%. In 2020, GM’s united state sales amounted to 2.55 million, compared with Toyota’s 2.11 million and Ford’s 2.04 million.
Shares of GM were up greater than 5% in morning trading to $64.25 an item. Toyota was up almost the very same quantity, trading 4.92% higher at $195.45.
Production slides amidst reduced demand for items.
The Institute for Supply Monitoring (ISM) reported its most recent index of national factory activity fell in to 58.7 last month, indicating a cooling need for items.
December’s print came in below agreement price quotes of 60.2 as well as less than the previous month’s read of 61.1, according to Bloomberg Data. Readings above 50 indicate an expansion in production.
At the same time, information revealed that supply chain restrictions are beginning to ease. The ISM study’s action of provider distributions declined to 64.9 from 72.2 in November, with prints above 50% recommending slower deliveries to manufacturing facilities.
Task openings hold near a record high.
Need for employees remained historically high in November, indicating proceeded labor scarcities that have actually strained employers.
The Division of Labor reported 10.562 million task openings in November in a fresh read out Tuesday on its Labor Turn Over Recap (JOLTS). The figure can be found in below October’s print of 11.033, based upon the government’s initial estimate for the month. Agreement economist approximates sharp to a 11.079 million in November, according to Bloomberg data.
The information does not yet meaningfully record the effect of climbing cases of COVID on work in the latest wave of the infection. Some financial experts suggested labor scarcities may be intensified in the near-term due to the most up to date surge.
” Looking ahead, the Omicron alternative wave will likely cause some short-term weak point in the labor market,” Sam Bullard, elderly economic expert for Wells Fargo, wrote in a note released earlier this week. “Nonetheless, our company believe this will certainly be short-term and that the speed of hiring should select back up by the springtime.”.
Ford gets a move on EV vehicle production.
Ford Motor Firm (F) plans to almost double annual production capacity for its prominent F-150 Lightning electrical pick-up to 150,000 lorries to keep up with a surge sought after ahead of its arrival at united state dealerships this spring, the business stated on Tuesday.
The design has drawn in nearly 200,000 appointments currently, much outpacing the automaker’s preliminary manufacturing capability for 70,000-80,000 lorries.
Ford’s announcement comes as its electric truck vehicle race heats up with competitor General Motors , which is scheduled to unveil the Chevrolet Silverado electric pick-up on Wednesday set to go on sale in early 2023.
Shares of Ford climbed up 6.64% at available to $23.22 a piece. Rival GM was additionally up 2.56% to $63.73 per share.


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Microsoft, Google, Amazon and Cisco, take notice: Despite the near-constant hype about cloud computing services, most mid-market companies are still viewing cloud as a complement, not a replacement.
For Yahoo, firing Carol Bartz was easy -- Chairman Roy Bostock gave her the news over the phone -- but turning the company around under new leadership will be a lot harder.
Armed with new patents transferred from Google, HTC has filed a new lawsuit against Apple and amended two previous legal complaints.
IBM is working on both super-fast and super-dense storage media that should reach enterprises before the end of this decade, and demand in some industries looks likely to keep pace with the advances.
If you're thinking of buying the cheap Medion Akoya E7220 (MD 98740) notebook, it pays to know what you're getting. Read through this slideshow and you'll know exactly what to expect.
Google hoped at one time to codevelop Android with Sun, and was prepared to offer Sun a share of its mobile service revenue in return for making Java open source, according to newly released documents in Oracle's lawsuit against Google.
Analysts at an Israeli company that infiltrates online forums to identify terrorists often claim responsibility for attacks to bolster their credibility, according to a recently-leaked cable from the U.S. Department of State.
Hackers are using a new trick to cloak malicious files by disguising their Windows file extensions to make them appear safe to download, a Czech security company warned today.
With Yahoo languishing in the face of competition from the likes of Google and Facebook, the ouster of CEO Carol Bartz gives the company a chance to refocus and reinvigorate itself.
Google and Oracle will send top executives to mediation in front of a magistrate judge, in a last-ditch attempt to settle their differences over Google's use of Java in the Android OS.
Lawson Software is embroiled in the latest instance of an allegedly failed ERP (enterprise resource planning) software project to become public.
The Dutch government is trying to minimize the effect of the DigiNotar hack on its IT infrastructure but warned it's a time-consuming process: Not all the SSL certificates can be replaced on the fly.
Carving out a space in the growing market for cloud computing, Hewlett-Packard has launched a beta IaaS (Infrastructure-as-a-Service) offering, called HP Cloud Services.
The main U.S. law targeting cybercrime may need to be changed because it has allowed law enforcement agencies to target people who simply violate websites' terms of service or their employers' computer use policies, two senators said Wednesday.
Lawson Software and its parent company Infor are adding governance capabilities to their ERP (enterprise resource planning) software with the acquisition of Approva, announced Wednesday. Terms of the deal, which closed Sept. 1, were not disclosed.
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"Large traditional broadcasters, burdened with bureaucracy and a new paranoia about viewer trust (many viewers initially think KateModern is a genuine video blog), seem well behind in this new breed of online drama. One BBC representative stood up at the end of Ms Shields' presentation to ask: 'Where do you get the producers from?' and 'Do you have a style guide?'' But, speaking after the session, LG15's Mr Goodfried did not seem too worried by the competition. 'We're not afraid of the BBC,'' he said. 'We are afraid of the two 13-year-old kids in their bedroom who are going to come up with the next thing.''"
Thursday, August 30, 2007
The story so far... millions are hooked by online soap - Telegraph:


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Royal Mail today unveiled its new state-of-the-art North West Super Hub in Warrington which can process more than 800,000 parcels a day and is set to transform the company into a parcels business.
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Officially opened by Andy Carter, MP for Warrington South, the Super Hub measures 32,000m2 – equivalent to 4.5 football pitches – and can sort up to 40,000 items an hour.
The huge new facility will operate seven days a week and houses the latest scanning, sorting, and tracking technology.
With domestic parcel volumes up more than 30% compared to pre-pandemic levels, it will support customers’ growing demands for next-day delivery and delivery of larger items.
Royal Mail Super Hub Launches in North West UK
The Super Hub represents a significant investment in the North West by Royal Mail. Located near major urban centers including Manchester and Liverpool, and the warehousing and fulfillment sites of online retailers, it will employ around 600 people at full capacity.
As part of Royal Mail’s Steps to Zero environmental plan to achieve average per parcel emissions of 50gCO2e and reach net zero by 2040, the Warrington hub is also home to a fleet of 20 bio-compressed natural gas (bio-CNG) HGVs, as part of a fleet of 80 vehicles across the business that will be fully operational by Spring 2023, which help reduce direct emissions by around 85% compared to their diesel equivalent.
“Royal Mail is now a parcels business that also delivers letters. Our new parcels Super Hub will allow us to give consumers exactly what they want – being able to order products very late in the day to have them delivered the very next day, seven days a week,” said Simon Thompson, CEO, Royal Mail.
“This is a giant step forward in our journey to 90% parcel automation by the end of next year. We can compete and win in the parcels market which will give our team the job security they deserve both today and tomorrow.”
Royal Mail is pursuing an ambitious program of automation across the business. This year, it has installed 10 parcel sorting machines in mail centers across the country, including in Nottingham, Chester, and Cardiff. Its Midlands Super Hub, based in Daventry, is on track to open in the Summer of 2023.
In March 2022, Royal Mail reached the milestone of 50% of automated parcels – up from 33% last year. The company is aiming to reach its overall target of 90% parcel automation by 2023-24.
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Fibre2Fashion News Desk - India
Apparel/Garments | On 28th May 2017
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New York, NY, March 13, 2011 --(PR.com
)-- After entering the U.S. market to instant acclaim in 2010, ELYSEE timepieces continues to expand their presence with the addition of two top retailers in Los Angeles – Feldmar Watch Company and Déjaun Jewelers.
"Retailers are noticing that we offer premium quality, high-style timepieces at an affordable price point, which is especially beneficial as consumers continue to search for value," says Zion Reuven, National Vice President of ELYSEE USA. "Our core customer wants a European watch under a thousand dollars."
To this end, all timepieces are designed and crafted in Germany, with retail prices for a wide range of automatic and quartz-powered models from $295- $995.
ELYSEE will continue to focus on strategically adding retailers in key markets around the country that have stellar reputations.
"We are excited to welcome Feldmar Watch Company and Déjaun Jewelers to the growing ELYSEE family," adds Zion. "They are both top retailers in Los Angeles who see the value and potential of our brand."
ELYSEE timepieces are currently sold at fine jewelry retailers around the country.
The brand will launch several new styles at Baselworld 2011, in Hall 5.1, Booth E35.
Although a 50-year-old European brand, ELYSEE timepieces entered the U.S. market in 2010 to instant acclaim. Embracing the spirit of ‘heritage’ – classic details that evoke a storied history – a retro style is one of the company’s hallmarks. The other, construction, is enhanced by standard features including high-end complications, surgical-grade stainless steel and finely-stitched leather bands. The collection includes timepieces for both women and men.


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Ramsey, N.J. – February 13, 2020 – Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), a leader in world-class business transformation solutions, continues to garner attention for its industry-leading bizhub SECURE Alert solution.
Ramsey, N.J. – February 20, 2020 – Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), a leader in world-class printing technology, has expanded its new bizhub i-Series with the launch of three new color A3 multifunctional printers (MFPs.) The new bizhub C450i, bizhub C550i and bizhub C650i are a part of the next-generation multifunctional device portfolio designed to empower digital workflows.
LEXINGTON, Ky., Jan. 21, 2020 /PRNewswire/ -- Lexmark, a global imaging solutions leader, today announced the expansion of its A3 product line of devices with the availability of two new multifunction printers (MFPs), the Lexmark CX920de and the Lexmark XC9225. These new devices are designed to bring enterprise-level features and performance to the entry A3 market.
LEXINGTON, Ky., Jan. 10, 2020 /PRNewswire-PRWeb/ --Lexmark, a global imaging solutions leader, today announced that they will be showcasing their award-winning printers and solutions that are designed with retail in mind at NRF 2020 Vision, Retail’s Big Show and Expo, Jan. 12 to 14, at the Jacob K Javits Center in New York. Lexmark will be located in booth 5637.
Toshiba America Business Solutions today expands its popular e-STUDIO™ multifunction printer (MFP) line with the introduction of five ledger-size (A3) models addressing the document management needs of small-to-medium-size businesses (SMBs).
Toshiba’s versatile new monochrome product family (the e-STUDIO2822AM, eâSTUDIO2822AF, e-STUDIO2823AM, e-STUDIO2329A and e-STUDIO2829A) offers several models with the print, copy, scan and fax functionality small workgroups need.
LEXINGTON, Ky., Oct. 1, 2019 /PRNewswire-PRWeb/ -- Lexmark, a global imaging solutions leader, today announced it has been lauded by top industry hardware reviewers for the reliability, security and ease of use of various monochrome and color laser multifunction printers (MFPs).
Better Buys awarded the Lexmark MC3326adwe Series with its Editor's Choice Award for 3Q 2019 in the color MFP category.
Newsweek recognizes Toshiba America Business Solutions’ continuing drive for innovation by featuring the tech company’s Encompass Managed Print Services (MPS) offering on its Best Business Tools 2019 list.
LEXINGTON, Ky., July 16, 2019 /PRNewswire/ -- Lexmark, a global imaging solutions leader, today announced the expansion of its Lexmark GO Line series with the availability of six new devices designed for small and medium business (SMB). The Lexmark GO Line series delivers enterprise-level durability, reliability, security and features in a smaller, lighter, lower cost device.
LEXINGTON, Ky., May 14, 2019 /PRNewswire/ -- Lexmark, a global imaging solutions leader, today announced the availability of Lexmark Cloud Print Infrastructure (CPI), a complete as-a-service solution that utilizes IoT and cloud technologies to take its industry-leading managed print services (MPS) offering to a new level. With Lexmark CPI, customers access a modern, secure print environment through a subscription service in which they pay for print capacity rather than owning and managing the physical infrastructure.
LEXINGTON, Ky., April 23, 2019 /PRNewswire/ -- Lexmark, a global imaging solutions leader, today announced that it has won the prestigious 2019 Printer/MFP Line of the Year award from Keypoint Intelligence - Buyers Lab (BLI), the world's leading independent evaluator of document imaging hardware, software, and services.


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TetraView microscope out of production
Last month, Celestron announced that they will not be manufacturing the TetraView or PentaView microscopes until May 2022 at the earliest. This is extremely disappointing as, up until June, they had been promising delivery by the end of July.
All customers currently waiting on the TetraView are advised to find alternative products, and buyers should be vigilant about any company taking orders for the TetraView at this time. The industry is now fully aware that there is no stock being delivered until next year. This applies to companies in the United States as much as in the United Kingdom – it is a worldwide supply problem. You can read a previous discussion of the long-term supply chain impacts of Covid in our industry in this article from June.
Alternative microscopes for cytology
After consultation with industry experts, we have sourced an alternative with the correct lenses needed for cytology. This microscope has been on the scene for a while already, but not with the ideal lens configuration. We have been testing the ScopeX Cytology Microscope with our customers who have been waiting on the TetraView, and are delighted to report that feedback has been extremely positive. We have also set up a new, dedicated Facebook group here for sharing images and experiences from the ScopeX and iSperm microscopes.


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The biggest shopping day of the year is nearly upon us: Black Friday, when shoppers around the country will be considering whether or not they should upgrade to one of the latest laptops.
Falling on November 24 this time around, the sales event is the ideal time to splash out on the laptop you've been looking at all year.
Last year British shoppers forked out billions of pounds on deals and gifts. To avoid a chaotic rush - and potential poor decision - on the day, it's best to plan ahead. Here are the models we want to see discounted, as well as some tips on how to make sure you're making the right choice.
What deals can we expect?
We can expect big discounts on technology and electrical products, especially on some of the best models from last year's ranges.
Whether you want a simple Chromebook for browsing the web, a budget laptop for work and travel or a high-end gaming beast, there are likely to be laptop deals for all requirements.
While we don't know what's on the cards for the sales event yet, we've rounded up our pick of the best laptops out at the moment and will be keeping our eyes peeled for offers on them over Black Friday weekend.
The Telegraph recommends...
Last year there were deals for almost £200 off the Apple Macbook Pro on Amazon and discounts on the 12-inch Apple Macbook on Currys. If you want to pick up one of Apple's brilliant laptops for a discount, Black Friday is the time to get involved.
RRP: from £1,249 on Apple
Microsoft Surface Pro
Microsoft's line of tablets are often discounted ahead of the holidays and for big sale events; there were major discounts to the Surface Pro 4 line during Amazon Prime Day this summer.
The 2-in-1 laptop/tablet hybrid provides a powerful computing experience using the Windows operating system with the added flexibility of a tablet. The latest model has added battery life, up to 14 hours, and is still one of the most powerful tablets you can buy.
They start at £799 but last year saw 27 per cent off some models, so we're keeping our fingers crossed for similar discounts this year.
RRP: from £799 on Microsoft Store
Lenovo's laptop range has just been updated for 2017, meaning many of its models from last season will probably see large discounts on Black Friday. Last year there was 30 per cent off Lenovo's Ideapad range, which bodes well for 2017's sales event.
RRP: £749 from Lenovo
Black Friday can be a fantastic time to try and grab a gaming laptop, which are normally more expensive than everyday laptops. The Telegraph is hoping to see price cuts on models such as MSI, Dell Inspiron and Asus ROG, which are all fantastic gaming laptops and high on our wishlist.
The Dell Inspiron 5000 Gaming is a great entry level mode, with the latest seventh generation Intel processors and an NVIDIA GeForce GTX 1050 graphics card.
RRP: £899 from Dell
What does all the jargon mean?
Buying the right laptop for your lifestyle is important - but it can be hard to decipher the terminology. To help you work out what to prioritise we've decoded the top terms retailers often use.
Black Friday 2016's best laptop deals
Last year there were some great discounts on laptops on Black Friday. Some of the best deals we found included the Asus Zenbook Pro with £420 off and Apple's Macbook Pro with almost £200 off.
Last year some retailers expanded their sales event over longer periods: Currys PC World had 10 days of discounts, giving bargain hunters even more time to search for brilliant laptop deals.
Currys PC World
Last year, Currys PC World had five orders per second at its Black Friday peak, with discounts across laptop brands and huge price cuts on HP products. It had a 60 per cent price drop on HP Stream 11.6" Laptop, which was originally £249.99, down to£149.99.
Last year eBay started the Black Friday deals early and revealed brand new offers every morning, with deals such as 35 per cent off Acer Aspire laptops.
Amazon is one of the best places to find a deal on Apple Macbooks on Black Friday; last year the online retail giant cut the price of the Macbook Pro down to £1,099.
John Lewis promise to match their competitors on price - even on Black Friday - so keep an eye on their laptop deals this year.
Plus, find out more about all the deals out there by heading to our other Black Friday pages - where we've laid out all the best offers for you - and our Telegraph Promotions Facebook and Twitter accounts.
The Telegraph makes a small amount of money by adding affiliate links to products mentioned in this article, however all products are picked independently by our journalists.


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Big winners in London could indicate who will scoop up prizes next month at Cannes Lions
[London] The U.K.'s leading ad show, D&AD Global Awards, presented two of its coveted Yellow Pencils last week to upmarket department store Harvey Nichols' print campaign "Calendar" by DDB London. Ads show the lengths people will go to in order to buy something special from Harvey Nichols. The work won outdoor and press Gold Lions at last year's Cannes Lions International Advertising Festival, and the same client-agency combination could repeat its success at Cannes next month with its newer "Seven Deadly Sins" campaign.
D&AD also awarded an irreverent Australian campaign by The Glue Society for Virgin Mobile starring faded soap actor Jason Donovan. The effort started with a month-long viral push and continued with eight TV spots in which an increasingly annoyed Mr. Donovan is plagued by nuisance calls on his mobile at inopportune moments. The voice-over says, "It has come to our attention that the number of prank calls and texts to Jason Donovan following the leak of his private phone number has spiraled out of control. ... We do not encourage this activity or the abuse of our unusually low rates. Please do not call or text the number currently on screen. Enjoy our Virgin to Virgin 5› text and 5› per minute rates responsibly."
D&AD is viewed as a good predictor of Cannes success. Other big D&AD winners included Sony Corp.'s "Balls" by Fallon, London, which shows thousands of colorful balls bouncing through the streets of San Francisco; a teen-road-safety spot by Leo Burnett, London, filmed entirely on a camera phone; and Guinness "Noitulove," a humorous evolution-related take on how long people will wait for a pint of Guinness, by Abbott Mead Vickers BBDO, London.


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High-profile French media websites went offline for a few hours Friday morning, prompting frenzied speculation about "unprecedented" cyberattacks -- but the hosting company behind the sites soon dismissed talk of a massive distributed denial-of-servi...
Hewlett-Packard wants to make BYOD easier for small businesses through a new cloud-based service to manage and protect mobile devices and PCs.
Hoping to jump out in front of providers of generic cloud services, IBM has launched a portfolio of cloud packages, called IBM Cloud Business Solutions, designed to run specific business processes such as asset management and customer care.
Modern business applications need a social network at their core and should be so easy to use that even a CEO can figure them out.
Yahoo, in its crusade to reinvent itself, is adding another item to the agenda: revamping its small-business Web hosting unit.
For years, using voice recognition technology on phones or other devices has been a novelty -- something people try once but never again, usually because it works so poorly. But recent developments, including harnessing the computational power of the...
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- Microsoft results buoyed by cloud products, but profit drops
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.


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Microsoft Groups says it should finish communication points attributable to sudden and momentary drops in web reference to a brand new synthetic intelligence-based answer for its video conferencing software program.
In an illustration on the
Microsoft Groups weblog, Microsoft mentioned that its new machine studying mannequin is constructed on a present method it calls “Packet Loss Concealment” (PLC), which appears to “make assumptions in regards to the lacking content material” when a connection drops and a named participant is talking. It additionally claimed that the AI mannequin can predict “as much as 80 consecutive milliseconds of audio”, a substantial enhancement over PLC implementations that aren’t enhanced by AI. This, it says, makes packet loss undetectable to customers.
“Undetectable” drops in high quality
That’s a daring declaration, and though the early suggestions post-release are constructive (customers report detecting packet loss 15% much less often), and the demonstrations are actually listenable, there’s at all times room for enhancement.
That enhancement could come ahead of anticipated, as Microsoft has proven dedication to sharing this expertise with researchers and builders worldwide.
For an occasion at
speech technology conference INTERSPEECH earlier this month, Microsoft “open-sourced community traces [it] collected”, and a “PLC Imply Opinion Rating Mannequin”, so others may incorporate a present dataset, constructed from over 600 hours of audio evaluation, into their very own work.
We maybe shouldn’t count on miracles – Microsoft itself is famous that it could actually enhance the steadiness of an exterior community – however, this could go some option to lowering the frustration of sudden connection drops slicing off sentences, which has plagued the world of
hybrid working for the reason that Covid-19 pandemic started.
It must also imply that enhanced PLC implementations turn into extra widespread on the net sooner or later, as customers eager to see enhancements to name high quality aren’t locked into Microsoft Groups.
In the meantime, nevertheless, Microsoft Groups customers on
Home windows can benefit from the enhancements proper now, which are designed to run solely when wanted to scale back CPU load. Microsoft has said that Mac and cellular implementation can also be on the way in which.


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Winner: Femsa Euro-denominated Sustainability-linked Bond
It’s always big news when Femsa, Mexico’s bottling and retail giant, comes to market with a bond.
It was even bigger news in April 2021, because Femsa issued a euro-denominated bond in two tranches, one for €700 million due in 2028 and another for €500 million due in 2033. The operation allowed the company to refinance debt that was coming due in 2023.
Femsa achieved two important firsts with the bond – the lowest coupon and the lowest spread to date for a Latin American corporate issuer. It was the company’s first euro-denominated bond in five years.
“The scarcity of Femsa paper in the euro market helped them achieve a benchmark size for both tranches,” noted HSBC, one of the bookrunners.
More importantly, Femsa became the first Mexican company to issue a sustainability-linked bond (SLB). It was also the first euro-denominated SLB out of Latin America.
The lists of firsts achieved by the bond won Femsa the Corporate High-Grade Bond of the Year award.
“We are a company that does not go to the market often, but when we do, the market knows that we are one of the best credit risks in Latin America,” José Manuel Olguín Sepúlveda, Femsa’s corporate treasurer, tells LatinFinance.
“This was an issuance that from any angle broke all records for amount, price, and market performance,” he says.
Each tranche has key performance indicators that must be met; missing the targets pushes up interest rates. The seven-year bond requires the company to stop 65% of waste from reaching landfills, while guaranteeing that 65% of power used is from renewable sources by 2025. The interest rates starts going up 25 basis point annually the following year if it misses the target.
The 12-year bond requires Femsa to reduce to zero waste going to landfills, and use only renewable energy by 2030. The same 25-basis point increase applies.
Olguín said the bond allows Femsa to “put our money where our mouth is” regarding clean energy, water use and recycling.
“We have been working on the ESG issue for many years. We have a specialized unit that has allowed us to demonstrate our commitment to sustainability. This emission is like the cherry on top of the cake. We went to the market, presented our framework and the market responded,” he says.
Besides the stellar conditions, the market response was also reflected by demand, with overbooking reaching 1.9 times the placement.
Femsa is the largest bottler of Coca-Cola products in the world and is the second largest shareholder in Heineken, with 14%. It operates a chain of small stores, OXXO, sevens chains of drug stores – it is the single largest operator of drug stores in Latin America — and a chain of gas stations. Besides Mexico, its stores are also present in Chile, Colombia, Ecuador and Peru.
It has more than 21,000 OXXO stores, but that number does not include the more than 6,000 stores managed in a joint venture in Brazil reached in 2019 with Raizen, which manages Shell service stations.
While sales dropped 20% in 2020 because of the pandemic, they rebounded strongly in 2021 and the company began opening new stores again.
“We are maintaining the efficiencies from the pandemic and expanding. I forecast that 2022 is going to be a very good year,” says Olguín. – LF


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Last night, Go People was awarded a Merit Certificate at the 2018 iAwards, NSW edition, in the Business Service Markets category.
This is Go People’s second award in nine months, having previously been awarded Transport and Logistics Business of the Year at the 2017 Optus mybusiness Awards. Go People was also a finalist in the Information, Technology & Management category at the 2017 Australian Supply Chain & Logistics Awards.
“This iAward Merit Certificate is reflective of the good we’re doing to the Australian logistics industry,” said Go People CEO Wayne Wang.
“It’s great to see the recognition from our innovative peers for the hard work and forethought we’ve put into this business. Same day delivery is really going places, and we’re quite literally here to help Australia move with it.”
The iAwards, sponsored by the NSW and Victorian governments, is Australia’s longest running and most broadly scoped innovation recognition program, promoting excellence in the Australian digital ecosystem from the likes of Google Maps, Atlassian, Wotif and WiseTech Global. Organised by the Australian Information Industry Association, the iAwards are in their 25th year of operation.
Go People would also like to congratulate New Payments Platform for being the overall winner for the Business Service Markets category.
— The iAwards (@theiAwards) June 7, 2018
Nick Hartman is the Marketing and Communications Manager for Go People. The prospect of seamless, same day deliveries excites him and he hopes Go People will one day achieve that. Outside of making the delivery world a better place, you can often see him down at the SCG taking high class photos for his Instagram page.


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Logic Boards for 4.7-inch and 5.5-inch iPhone 6 Shown Side by Side
Several new images appeared online that show two bare logic boards for Apple’s 4.7-inch and 5.5-inch iPhone 6 models. Last week a photo surfaced on the Internet, which showed an identical detail for only a 4.7-inch model.
Today we have an opportunity to take a look at the logic boards for both 4.7-inch and 5.5-inch iPhones side by side. Naturally, the parts look similar, however, there are some noticeable differences connected with the overall design and the screw holes layout.
Following the publication of several photos over the weekend showing what was claimed to be the bare logic board for the upcoming 4.7-inch iPhone 6, Nowherelse.fr now shares [Google Translate] a new set of photos showing the same part reportedly from the even larger 5.5-inch iPhone 6 model.
The legitimacy of the images is still under the question. Nevertheless, the parts shown on them resemble those of the iPhone 5s and earlier models, so I guess that the logic boards are original.
Apple will release its next-gen iPhone later this year. The 4.7-inch model will come in September and the 5.5-inch model will hit the store shelves at the end of 2014.
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When bars, pubs and restaurants were forced to close during lockdown last year, many BWS brands had to pivot fast – completely changing their business strategy overnight.
The focus turned almost entirely to the off-trade sector. There was a sudden reliance on the big UK grocers and convenience shops for the vast majority of sales. New ways to get products to people’s homes were also introduced to plug the on-trade gap – such as DTC platforms, monthly subscription services and an over-investment in media to drive sales specifically in the off-trade sector.
Whilst many BWS brands saw significant growth in their off-trade sales – estimates suggest some surged as much as 150% – it wasn’t enough to offset the loss in on-trade. Beer and wine sales were down 5% and 10% respectively last year.
Thankfully, the era of semi-regular lockdowns appears to be in the past in the UK. BWS brands have bounced back with the reopening of the on-trade sector and – in most instances – brands in the sector have now diversified their businesses, with sales coming from a healthier spread of avenues (grocery stores, DTC platforms, subscription services, bars, etc.).
With that healthy diversification, BWS brands now need to ensure their marketing efforts align more closely with how their customers newly behave and purchase – customers who now flit more regularly between on and off-trade platforms, and indeed media channels.
Enter commerce marketing. In short, commerce marketing focuses on influencing a target audience at the point of consideration (the reductive mental process used to narrow down the selection of what to buy) and the point of purchase (where the product is bought, either at the till in a grocery store on or offline, on a DTC platform, or at a pub, restaurant or bar).
Whilst marketing at the point of purchase is nothing new, blending this with media at the point of consideration is. Typically, the larger BWS brands have focused much more on the point of awareness (i.e. large-scale marketing activations to provide a reason to believe in a brand, usually on TV). However, with increased sophistication in media targeting, there is a smarter way to use a proportion of this budget at the point of consideration instead.
What does this look like for BWS brands? Well, it involves the use of key data points (notably location and purchase data) to identify a specific audience profile who are engaging with the brand in the on-trade sector – such as at festivals, at events or in bars – and retargeting them in the days/weeks ahead when they are looking to purchase in the off-trade sector. The same logic can be applied to drive sales from the off-trade to the on-trade too.
The types of media channels used for this are typically digital (i.e. social, display ads, audio) given their targeting capabilities to reach the right audience, at the right time, in the right place – ultimately reducing wastage. The manner in how the media is used is up to the brand, but typically at the point of consideration, the media channel in question needs to focus on nudging the audience into a purchase mindset. Recommendations include the use of digital coupons – for example, offering a discount on a four-pack of beer in a grocery store, or a free drink in a nearby bar.
Whilst some of the media channels highlighted may be nothing ground-breaking to seasoned marketeers in the BWS industry, applying the lens of commerce marketing often is. Those brands who can carve out budgets to focus on commerce marketing – and harness the power of media used at the point of consideration – will certainly keep in tune with the purchasing habits of their audiences.


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Apple shares have risen about 1 per cent on analyst predictions that the surprisingly low price of the iPad will lead to “millions” of sales.
Apple’s chief executive Steve Jobs launched the multipurpose device at a company event in San Francisco early this morning Australian time.
The initial price will be $US499 [$557] for the base 16-gigabyte version capable of displaying e-books, web content, movies and more.
Analysts say the price and functionality sits the product somewhere between an iPhone and Apple’s Mac laptop computers.
“The price is a gigantic win. The non-3G model at $US499 is very surprising,” Michael Yoshikami, an analyst with YCMNet Advisors told Bloomberg.
Brian Marshall, an analyst at Broadpoint Amtech, says that the iPad’s advantage will be its higher multi-functionality than many other e-book readers, such as Amazon’s Kindle.
“Pricing is very aggressive, so it’s pretty positive from a mass adoption perspective. It was about $US200 lower than what I was expecting,” he said.
“I think [Kindle is] going to have a tough road ahead. There is a lot of functionality, it’s just a better design for a similar price point.
“I don’t understand why anyone would want to buy a Kindle when they have an opportunity to buy an iPad for a similar price point.”
Investors seemed to largely agree, with Apple shares edging $US1.94 higher to $US207.88.
However, not all analysts are convinced that the iPad will make anything like the social impact and financial return of products such as the iPod and iPhone.
“It’s tough for me to figure out who needs this device because most people are doing everything it does on the iPhone. Maybe there’s a whole bunch of people who need a bigger iPhone with a keyboard, but I’d be surprised,” said Seth Jayson, the senior technology analyst at Motley Fool.
“So far nothing here has been surprising. It’s almost like a Microsoft presentation. We knew everything before its came out, which is unusual for Apple.
“I think this would be a tough sell in the current economy. iPhone does almost everything but fits into a pocket and most people have laptops. They are really competing against themselves.”
Apple also faces a legal headache over the iPad name, with computing company Fujitsu already having made a trademark application for the name.
“They probably need to talk to us and we haven’t had any direct communications with Apple,” a lawyer for Fujitsu, Edward Pennington, told Bloomberg.
“Apple filed extensions to oppose it [the Fujitsu trademark application] and now it makes sense. Now we can see why they did.”
Mr Pennington says that Apple’s position is “a little awkward”, but that the company may argue that there would be no confusion between its iPad and Fujitsu’s device that is used in grocery stores at self-service checkouts.


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Nijkerk Electronics has registered for the Electronics & Applications exhibition. It will be the first time to meet Nijkerk Electronics live at an exhibition since E&A in May 2019. We hope that due to the vaccinations the rules will be limited and the fair will be as normal as possible.
During the fair we will show you many new products and possibilities. But the most important thing for us is YOU. Catching up with old friends and meeting new people. Although, of course, you cannot miss our product innovations!
There is a lot of enthusiasm in the market for the exhibition. Many companies have already signed up as exhibitors and the expectation is that this number will grow considerably. Please mark 28 – 30 September in your agenda.
We will keep you informed about the fair!


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Chicken wing restaurant Wingstop is innovating social media marketing with a live auction on Periscope where winners are determined by how many times they tap the heart button.
- No categories
U.S. apparel and accessories label Michael Kors is improving social shopping with the relaunch of #InstaKors.
Warby Parker heightened the Snapchat monetization stakes by rolling out exclusive merchandise for its followers on the photo-sharing application, suggesting that the cachet of products only available via social media could result in more mobile purchases from younger consumers.
Pottery Barn is leveraging user-generated content to drive sales from a digital gallery where items featured in customers’ photos can be purchased, driving inspiration and impulse buying.
With the buy button struggling on social media, Pinterest is exploring a different way of capturing the buying opportunity on mobile with a new shopping bag that spans multiple platforms.
EBay is sharing exclusive deals on mobile and offering social media users the options to choose between products and deals in the retailer’s Summer of Choice campaign, which is a bid to drive sales with targeting derived through mobile engagement.
Free People is driving sales of its athletic wear through a shoppable mobile video, advertised on social media along with a contest that taps partnerships with multiple health and fitness-related brands for giveaways.
Starbucks is keeping its chilled drinks at the forefront of consumers’ minds as warmer weather arrives with Frappucino and party-themed content across social media, including Snapchat lenses.
Online subscription retailer Fabletics is making it easier for its key demographic to signup through a shop now Instagram ad campaign in which users fill out a quiz to get personalized products.
J. Crew is attempting to direct more attention toward its menswear line by introducing the J. Crew Men’s Instagram account, which enables followers to browse new and classic apparel and accessories before clicking a link in the retailer’s bio to purchase must-have items.


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Industrial manufacturing firm Siemens has announced a new research and development (R&D) partnership with Oak Ridge National Laboratory (ORNL) to enhance the adoption of additive manufacturing, workforce training, and decarbonization efforts within the US manufacturing sector.
In particular, Siemens and the US Department of Energy’s (DoE) Manufacturing Demonstration Facility (MDF) at ORNL will build on the success of several previous DoE-funded projects to investigate new methods of advanced manufacturing and materials innovation.
“The joint collaborative research done at MDF to address industrial problems demonstrates the success of the DoE’s MDF model and clearly shows the need for a path to industrialization through similar hubs in industry focusing on higher technology readiness levels,” said Dr. Anand Kulkarni, Senior Principal Key Expert at Siemens Technology.
“Siemens launched its Charlotte Advanced Technology Collaboration Hub (CATCH) to fill this void.”
Industrializing AM with CATCH
Siemens unveiled CATCH in April, spearheaded by its Digital Industries and Technology businesses alongside the now separate Siemens Energy. The new hub is enabling Siemens to partner with key OEMs, end-users, and US national laboratories like ORNL to further industrialize 3D printing in the region and beyond.
CATCH will essentially provide the entry point for manufacturers to better understand the benefits of 3D printing to their product design and manufacturing processes, operational efficiencies, and bolstering their supply chain resilience. Upon its launch, the center became one of seven strategically placed hubs with “major AM ecosystems” across the globe to empower Siemens’ network of partners and customers to deploy 3D printing at scale.
“We are excited to launch this new additive manufacturing hub and begin inviting customers in to collaborate and find ways to accelerate the industrialization of this technology using our machine-agnostic solutions,” said Tim Bell, Additive Manufacturing Business Manager at Siemens Digital Industries. “The benefits of additive manufacturing are clear – from faster time-to-market to better design through digital prototypes, to localized manufacturing helping to reduce supply chain constraints.
“We believe that the future of manufacturing is additive.”
Siemens and ORNL’s R&D partnership
ORNL has long been at the forefront of research efforts to advance the adoption and industrialization of 3D printing across a wide variety of sectors in the US and beyond. Recent advances in this area include investigating 3D printed metal halide perovskites for a new breed of high-performance solar batteries, licensing out its novel method to 3D print nuclear reactor components, and the development of a unique polymer binding that can deliver “exceptional strength” to 3D printed parts.
Perhaps the most high-profile development to come out of ORNL recently, though, is the patenting of the ‘SkyBAAM’ cable-hoisted construction 3D printing technology, which caused a stir among open-source advocates who compared the system’s similarities to one produced eight years ago called the Hangprinter. Hangprinter inventor Torbjørn Ludvigsen has now launched a crowdfunding campaign to raise the cash needed to challenge the SkyBAAM patent.
Back to the laboratory’s new R&D partnership with Siemens, the two firms are looking to continue their efforts to scale up the industrialization of additive manufacturing, improve workforce training in the sector, and aid decarbonization efforts.
ORNL’s MDF has pioneered advancements within manufacturing analysis and simulation, as well as materials development, large-scale metal systems, robotics, and automation. The facility has played host to multiple DoE-funded projects to investigate various advanced manufacturing methods and the development of new and optimized materials.
Together, Siemens’ CATCH and the MDF at ORNL will continue to work on new early-stage 3D printing-related R&D projects for the DoE on the path to additive manufacturing industrialization.
“ORNL and the researchers at MDF are proud to collaborate with innovative industrial partners like Siemens to help advance and revitalize the US manufacturing sector,” said Bill Peter, Advanced Manufacturing Program Manager at ORNL.
“We recognize that our DoE-funded research is often best leveraged through regional and national collaborations like CATCH and the MDF, helping to advance additive manufacturing technology, drive workforce development, and create a more efficient and decarbonized manufacturing base.”
Looking for a career in additive manufacturing? Visit 3D Printing Jobs for a selection of roles in the industry.
Subscribe to our YouTube channel for the latest 3D printing video shorts, reviews, and webinar replays.
Featured image shows Siemens’ new CATCH center is now open. Image via Siemens.


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Days Gone Gets a Look at Roaming Through the Open-World on Deacon's Bike in New Video
Coming a few weeks before launch, a new video on Days Gone dives a bit deeper into how players will explore the world with their bike.
As one of the next big exclusives for the PS4 coming this year, Days Gone is aiming to bring players into a vast, expansive world where you’ll have to fight off massive hordes of Freakers to survive, and ahead of the game’s launch later this month, a new video dives into Deacon St. John’s main mode of transportation, his motorcycle.
A new video coming from PlayStation Australia has been released that dives a bit deeper into the upcoming Days Gone, with the video specifically looking at traversing the open-world with Deacon’s bike. In addition to the bits and pieces shared on the bike, the video also gives plenty of extensive looks at Days Gone in action as far as exploring the world and fighting off Freakers and other enemies.
Specifically though, the video looks into how players will utilize the bike to explore and survive the world of Days Gone and emphasizes the fact that the bike will essentially be your “best friend.” As players get deeper into the game, you’ll be able to upgrade different components of the bike (such as making its gas tank bigger to travel further) and customizing its appearance, such as color and changing other parts, to make the players’ bike feel like their own.
Days Gone will release exclusively for PS4 on April 26, 2019. For a closer look at the game and traveling through its open-world, you can check out the new video below. In the meantime, you can also pre-order the game on Amazon now before it arrives later this month, and you can also read our impressions of the game from PAX East 2019 a few weeks ago.


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Mohawk Honda continues to expand in Glenville, NY, after the auto dealer's sales tripled over the past three years.
Revenue at the upstate New York dealership exceeded $100 million at the end of October. That is nearly three times what the same 10-month period generated three years ago, before the company moved from the city of Schenectady.
Staffing has also increased, to 130 from 70 in 2010.
Mohawk Honda moved its new-car sales to the former Salisbury Chevrolet at 175 Freemans Bridge Road in Glenville, from State Street in Schenectady, in November 2010.
Since then, Mohawk Honda has been buying real estate in Glenville for parking, car storage and structural expansion to accommodate its growing business.
The company in October bought a vacant, two-acre lot on Route 50, near the dealership, for $14,000 at a foreclosure auction. It will be used for off-site vehicle storage.
In May, the company bought a two-acre lot adjoining the 43,000-square-foot dealership, which gave it control of eight contiguous acres.
Jeff Haraden, president of Mohawk Honda, says the dealership owned by him and his brother, Steve Haraden, is spending $500,000 to buy the parcel, pave a portion for retail display and expand the parts and service department.
He expects to finish the year with sales of 4,000 new- and used-vehicles, from the 1,700 vehicles sold a year when the company's new-car sales were at 756 State. St. in Schenectady. That property is now Mohawk Auto Center, the company's used-car operations.
"We've been in Scotia less than three years and we've pretty much tripled sales in every area. We've always had good people. What we needed was the location," says Jeff Harden, who is 57. He and his brother, Steve, 47, are the third generation of Haradens to operate as car dealers. Their grandfather, Joseph Haraden, opened the State Street dealership as a Chevrolet seller in 1919. Their father, Joseph Jr., shifted to a Honda franchise in 1971.
Jeff Haraden says the company should finish 2013 with $120 million in revenue.


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As Donald Trump prepares for his surprise nuclear summit with North Korean leader Kim Jong Un, the world be watching to see whether Trump...
The Washington Post and The New York Times are back in full gear trading scoops on the Trump-Russian connection. The Post is reporting that...
It will be a while before they can assess the damage that Hurricane Irma has left in its wake, but what we do know...
He's running as an independent who will caucus with whichever party has the majority. Kansans don't know him, really, which gives him a real chance to defeat Sen. Pat Roberts.
The search for the Nigerian lost girls continues with little help from Nigerian President Goodluck Jonathan or First Lady Patience Jonathan.
Is there anyone out there who really believes that the reason Republicans oppose the minimum wage hike is because of lost jobs? Of course not.
The scandal is that, if the climate change people are right, we may soon run out of places to hold the Winter Olympics.
Struggling with an ongoing recession-era budget crisis that has seen hundreds of millions of dollars slashed from public education alone, Colorado lawmakers tried and failed to get mega-online retailer Amazon to pay state sales taxes last year. Amazon successfully dodged similar efforts in other states, but the tax man came calling in cash-strapped California last spring and, after dumping $5 million on a ballot initiative to oppose the new online tax law, Amazon announced on Wednesday it had made a deal with state lawmakers. It will charge sales tax in the Golden State next year. That gives Amazon and other online retailers just months to press federal lawmakers to pass a national law that thins their obligations in the states.
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A New York-based startup, Conamix, has finalized $2 million in a Series A funding round to continue with developing batteries that do not require cobalt. The Series A funding is said to be a part of an $8 million funding comittment from Volta Energy Technologies and other companies.
Conamix is developing cobalt-free materials that can be used for lithium-based batteries which are used for powering electric cars.
"Volta identifies and invests in battery and energy storage technology, including integration hardware and software, after performing deep diligence with the support of unparalleled global research institutions. Volta connects the most promising energy-storage innovators with select corporate investors, delivering returns for all."
Details of how Conamix goes about developing cobalt-free batteries are not available as neither the startup nor its main funder, Volta, have shared them thus far. However, should Conamix be succesful in developing the cobalt-free batteries at a cost that is lower than what is currently possible, this could prove to be a viable alternative to the current batteries for electric cars which require cobalt.
World cobalt reserves as of 2017. | Statista.
The Democratic Republic of Congo (DRC) is the largest supplier of cobalt glob ally currently. It also holds the largest reserves of cobalt, and coltan, as it is reported that the country is still sitting on approximately 60% of the world's cobalt reserves.
Cobalt and coltan are currently used in the production of electric car batteries, electronic devices, and renewable energy technology.
Another problem that the elimination of cobalt in the production of batteries will eliminate is that of child mining in the DRC. To this effect, the country has approved a blockchain technology solution to address the provenance issue of the strategic minerals. The solution, developed by Dorae Inc., applies blockchain technology to the secure transmission of mining supply chain data, ensuring that the source of the minerals is always known up until it is used in the manufacturing of various products.Share this via:


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A fire in a Samsung factory’s waste depository was caused by discarded faulty batteries, emergency services have confirmed.
Around 110 firefighters and 19 fire engines were called to tackle the blaze at a Samsung SDI battery factory in the northern Chinese city of Tianjin on Wednesday.
No casualties were reported, and the plant did not suffer any significant damage, a Samsung spokesperson said.
The “material that caught fire was lithium batteries inside the production workshops and some half-finished products”, the Wuqing branch of the Tianjin Fire Department said.
The SDI factory, which is a branch of Samsung, is reportedly due to manufacture the batteries for its forthcoming smartphone. The Galaxy S8 was originally due to make an appearance at Mobile World Congress at the end of the month, but will now be released later in the year, the company said, a delay which is widely believed to be attributed to further battery checks.
SDI and China’s Amperex Technology factories made the batteries used in the premium Note 7 handset, which Samsung was forced to pull from sale in October last year following reports handsets were catching fire.
It conducted an independent investigation into the cause, and concluded faulty batteries were behind the incidents.
“We have taken several corrective actions to ensure this never happens again, including the implementation of a multi-layer safety measures protocol at the product planning stage, and an 8-Point Battery Safety Check,” the company added in a statement.
Irregularly-sized batteries which didn’t fit correctly was one of the reasons behind the fires, it said, alongside missing insulation tape and sharp edge protrusion in a second batch.
The recall, reissue of a second batch of Note 7s and subsequently cancellation of the product line is estimated to have cost Samsung billions of pounds.


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Back in January we heard tell of a new and interesting feature coming in Android 12: "app hibernation," which would automatically place long-unused apps into optimized storage, thus freeing up storage on your phone. The feature hasn't been spotted in any of the Android 12 developer preview builds thus far, but apparently it's just around the corner. References to the feature have already been spotted in AOSP code, and now they're showing up in leaked builds of Android 12.
Last year, Android 11 picked up a "hidden" feature straight out of the 90s: A "trash can" for deleted files. At the time, trashed files weren't actually user-manageable. Apps could mark items for deletion (they'd bite the dust 30 days later) and offer their own ways to restore them, but it wasn't the sort of centralized "trash can" or "recycle bin" for actually deleted files we're used to from other platforms. But based on a recent report, that could change in Android 12.
Android 12 is already available as a developer preview, which we've extensively examined. But it's becoming increasingly clear that Google hasn't spilled all the beans yet and might be planning on some more drastic changes than visible in the currently available pre-release build, and it seems like that gut feeling is right. XDA managed to get its hand on an unreleased build of the upcoming OS and gives us an overview of many potentially upcoming features.
I never thought I'd see LG shut its mobile division before Sony or HTC, but here we are. The South Korean company officially announced its exit from the smartphone market a few days ago. While the company wasn't explicit about the software support situation at the time, some details have emerged since.
Android 12 DP2 just picked up its second bug-fixing update, bumping things numerically to DP2.2. This latest release includes a lot more fixes than DP2.1 did, including a fix for video encoding issues that I ran into, a crash tied to the Bluetooth section of Settings, disappearing widgets, and a failure to save Wi-Fi passwords, among others.
Search has always been a core component of Android — the OS is made by Google, after all. But one of the coolest tricks of the system has been reserved for Google's own launcher and widget: the ability to search through both your own apps and web search results at once. That capability may be coming to all launchers and apps in the near future, according to developer documentation for Android 12.
As far back as July 2019, we saw evidence that Google was preparing an easy-to-access translate feature in the recents/overview screen. This was finally announced by Google as part of December's Pixel Feature Drop, along with a similar feature for screenshots, but it's not appeared since. It now looks like it's finally showing up, although only in the latest Android 12 developer preview.
Google is rolling out a bug-fixing update for the recent Android 12 Developer Preview 2. The new DP 2.1 update, according to the changelog provided, includes just a single change: A fix for a WebView-related crash, potentially tied to the more widespread WebView crash issue that affected other phones last week.
One of the most fun things about new versions of Android is seeing all the new visual bling Google builds into the operating system. One such example was spotted by developer @kdrag0n, who managed to get it working on Android 12, Developer Preview 2. It's a more busy, "noisy" animation for tapping a standard interface item.


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Biogen Inc (BIIB.O)
SEOUL, May 18 Samsung BioLogics said on Friday that its joint venture partner Biogen would exercise its call option to increase its stake to 50 pct minus one share in Samsung Bioepis.
SEOUL South Korean biotech drug manufacturer Samsung BioLogics Co Ltd lost almost $6 billion in market value on Wednesday in its biggest intra-day share drop, after the country's financial watchdog said it breached accounting rules.
* Financial watchdog gives preliminary notice to co on measures
BRIEF-Biogen And Neurimmune Announce Option Exercise For Alzheimer's Disease Investigational Treatment Aducanumab
* BIOGEN AND NEURIMMUNE ANNOUNCE OPTION EXERCISE FOR ALZHEIMER'S DISEASE INVESTIGATIONAL TREATMENT ADUCANUMAB
* BIOGEN SAYS CEO MICHEL VOUNATSOS' TOTAL COMPENSATION FOR 2017 WAS $13.7 MILLION - SEC FILING Source text for Eikon: (http://bit.ly/2KjjpbG) Further company coverage:
Drugmaker Biogen Inc's quarterly revenue missed analysts' estimates on Tuesday as it had disappointing sales of its promising drug Spinraza to treat spinal muscular atrophy because fewer new patients used the expensive treatment.
* Biogen shares pare losses (Adds conference call, analysts comments; updates shares)
April 24 Drug developer Biogen Inc reported a 57 percent jump in quarterly profit on Tuesday, helped by higher sales of its spinal muscular atrophy drug, Spinraza.
* QTRLY SPINRAZA REVENUE OF $364 MILLION VERSUS $47 MILLION REPORTED LAST YEAR
Biogen Inc struck a $1 billion neurology drug development deal with Ionis Pharmaceuticals on Friday, expanding a partnership that developed the company's potential blockbuster drug for spinal muscular atrophy.
|Johnson & Johnson (JNJ.N)||$123.76||+0.85|
|Pfizer Inc. (PFE.N)||$35.85||+0.13|
|Novartis AG (NOVN.S)||CHF76.26||-0.42|
|Merck & Co., Inc. (MRK.N)||$59.24||+0.79|
|Roche Holding Ltd. (ROG.S)||CHF219.05||-4.85|
|Roche Holding Ltd. (RO.S)||CHF223.20||-5.60|
|Bayer AG (BAYGn.DE)||€102.52||-2.52|
|Bayer AG (BAYE.F)||--||--|
|Sanofi SA (SASY.PA)||€66.04||-0.33|
|GlaxoSmithKline plc (GSK.L)||1,510.53||+1.33|


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Vivo T3 5G India launch date, availability
Vivo has revealed That the upcoming Vivo T3 5G will be launched in India on March 21 at 12 noon IST. This smartphone will be available for purchase on the company's official website, Flipkart and retail stores across the country.
The launch date image of the Vivo T3 5G reveals a flat display and frames of the phone, while at the back there is a vertical triple camera setup with LED flash along with the company's branding. The phone is expected to be available in Cosmic Blue and Crystal Flake color options.
Vivo T3 5G specifications (rumored)
As far as specifications are concerned, the Vivo T3 5G is expected to feature a 6.67-inch FHD+ AMOLED display with a 120Hz refresh rate and up to 1800 nits of brightness.
It is confirmed to be powered by MediaTek Dimensity series chipset, but the company has not revealed the specific model. There is speculation that it may be equipped with MediaTek Dimensity 7200 SoC.
In terms of memory, the smartphone is expected to offer 8GB RAM along with storage options of 128GB or 256GB. According to reports, it may have a 50MP Sony IMX882 main camera, a 2MP Bokeh lens along with a flicker sensor. It is expected to have a 16MP front camera for selfies and video calls.
The Vivo T3 5G is expected to pack a 5,000mAh battery with support for 44W FlashCharge technology. Other anticipated features include dual stereo speakers, IP54 rating for durability, a microSD card slot, and more.
Based on the leak, the price of Vivo T3 5G in India is estimated to be around Rs 20,000. We will know more about the official price and specifications of the phone during the launch on March 21.


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Fiserv Inc (NASDAQ:FISV) has been given an average recommendation of “Buy” by the thirty-one brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $109.72.
FISV has been the subject of a number of recent research reports. ValuEngine lowered Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Citigroup raised Fiserv from a “neutral” rating to a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. began coverage on Fiserv in a research report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price objective for the company. SunTrust Banks increased their price objective on Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Atlantic Securities started coverage on shares of Fiserv in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 target price on the stock.
NASDAQ FISV traded down $0.30 on Monday, reaching $114.49. 2,212,191 shares of the company’s stock traded hands, compared to its average volume of 4,418,761. The stock has a market cap of $77.84 billion, a PE ratio of 36.93, a P/E/G ratio of 2.42 and a beta of 0.80. Fiserv has a 12 month low of $68.45 and a 12 month high of $117.04. The stock has a 50-day simple moving average of $109.95 and a 200 day simple moving average of $101.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.
In other news, CEO Jeffery W. Yabuki sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $106.33, for a total value of $2,658,250.00. Following the completion of the transaction, the chief executive officer now owns 257,829 shares of the company’s stock, valued at approximately $27,414,957.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Guy Chiarello sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $114.28, for a total value of $3,428,400.00. Following the completion of the transaction, the insider now owns 326,103 shares of the company’s stock, valued at approximately $37,267,050.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,000 shares of company stock worth $13,573,170. Insiders own 1.40% of the company’s stock.
Several institutional investors have recently modified their holdings of FISV. ETF Managers Group LLC increased its position in Fiserv by 44.3% during the 2nd quarter. ETF Managers Group LLC now owns 345,087 shares of the business services provider’s stock valued at $31,344,000 after buying an additional 105,957 shares in the last quarter. Close Asset Management Ltd increased its stake in Fiserv by 3.6% during the 2nd quarter. Close Asset Management Ltd now owns 1,107,701 shares of the business services provider’s stock valued at $100,972,000 after purchasing an additional 38,799 shares in the last quarter. First Hawaiian Bank raised its holdings in Fiserv by 556.0% in the second quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock worth $310,000 after buying an additional 2,880 shares during the last quarter. Conning Inc. raised its holdings in Fiserv by 13.1% in the third quarter. Conning Inc. now owns 8,027 shares of the business services provider’s stock worth $832,000 after buying an additional 930 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Fiserv by 3.6% in the second quarter. Commonwealth Equity Services LLC now owns 44,087 shares of the business services provider’s stock worth $4,018,000 after buying an additional 1,539 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
Further Reading: What is an overbought condition?
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Ever notice that unhealthy foods are cheaper than healthy foods? You may think nothing of it, but our government policies and practices help lower the prices of unhealthful foods. Since the 1920s, American farmers have received government subsidies to help maximize production, reduce cost of raw materials, stabilize crop prices and keep the cost of food down for the American public, allowing farmers to stay in business. This originally well-intentioned government money has led to the overproduction of corn and soybeans, and consequently, lower prices for these crops and foods containing them as ingredients. This may seem harmless. Corn and soybeans are healthy, right?
In their natural states, these foods are not bad, but the outcome of the overproduction of these crops has led to their increased use as cheap, unhealthy ingredients found in processed foods on the grocery store aisles. High fructose corn syrup—an artificial ingredient found in most sodas and junk foods—is an inexpensive use of corn. Low corn prices have led to artificially low meat prices, because corn has become the number one feed for cattle—a major shift from a traditional grazing diet. The overproduction of soybeans and corn provides an inexpensive way to add flavor to packaged junk food, fast food, corn-fed beef and pork, and soft drinks. For consumers, these less nutritious foods are cheaper, and particularly tempting to people living on a budget. These subsidies contribute to the obesity epidemic by making it cheaper to produce and purchase unhealthy, packaged foods.
As a result of the subsidies, growing fruits, vegetables and other grains is less lucrative for farmers. Less than ten percent of USDA subsidies are spent
on fruits and vegetables. We should be asking why vegetables, fruits and whole grains aren’t heavily subsidized so they can be cheaper and more accessible to everyone. Obviously, this change in policy would go a long way in helping Americans follow their own government’s nutritional guidelines. This disparity in government funding points out an awkward truth about the USDA: what it urges people to eat does not match what it pays farmers to grow.
Another influential factor is political campaign contributions. Dependence on financial contributions from powerful lobbies prevents government agencies from stating the simple truths about nutrition. Politicians say the money they receive from corporate donors does not influence the policies they promote, but why would companies give money if this were true? Corporations are not known for their spontaneous generosity. Politicians need a lot of money to get elected, and food and drug companies are some of their biggest backers. McDonald’s, Pepsi, General Mills, Kraft, Nestlé and Hershey depend on their friends in Washington, who make the food laws and guidelines. The top contributors to the former chairman of the Agricultural Committee, Collin C. Peterson (D-MN), were American Crystal Sugar, Dairy Farmers of America, Land O’Lakes, National Beer Wholesalers Association, United Egg Association and Dean Foods.Of course, they want some return on their investment here.
We’re on to you!
So don’t expect the government to feed you good food, do the research yourself and feed your family better food.


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EcoWaste Coalition Urges Laguna Gov. Hernandez to Crack Down on Mercury-Laden Skin Whiteners
An advocacy group for a zero waste and toxics-free society is urging re-elected Laguna Governor Ramil Hernandez to stop the illicit trade of mercury-containing cosmetics in the province to protect his constituents and the environment.
In a letter e-mailed yesterday, the EcoWaste Coalition alerted the governor’s office about the unlawful sale in Laguna of banned skin whitening products containing highly toxic mercury, a chemical prohibited in cosmetic products such as skin lightening creams, lotions and soaps.
“This is a brazen violation of a globally agreed phase-out by 2020 of cosmetics such as skin whitening products with mercury content above one part per million (ppm) under the Minamata Convention on Mercury,” said Aileen Lucero, National Coordinator, EcoWaste Coalition. “We urge Governor Hernandez to act promptly to address this threat to public health and the environment.”
The toxic alert came on the heels of the group’s latest test buy operations that netted 22 mercury-laced skin whitening creams sold by cosmetic dealers in eight local government units (LGUs), namely the municipalities of Los Baños and Sta. Cruz and the cities of Biñan, Cabuyao, Calamba, San Pablo, San Pedro and Sta. Rosa.
In test buys conducted on May 20 and 21, the group obtained 22 Gemli, Goree, Jiaoli, Mifton and S’Zitang skincare products illegally imported from China and Pakistan and sold locally at beauty and herbal product stores for P100 to P300 each.
These products are among the over 150 skin whitening cosmetics banned by the Food and Drug Administration (FDA) for lacking market authorization and/or for containing mercury above the maximum limit of 1 ppm as per the ASEAN Cosmetic Directive and the Minamata Convention, the group said.
Using a portable Olympus Vanta M Series X-Ray Fluorescence (XRF) analyzer, the group detected mercury above the 1 ppm limit in all the 22 samples. The 13 Goree products, in particular, were found to contain extremely high levels of mercury from 26,340 to 29,370 ppm.
To protect Laguneños, especially the women and children, from the harmful effects of mercury exposure, the EcoWaste Coalition requested Governor Hernandez to take the following measures:
- Issue a memorandum directing municipal and city mayors to conduct market surveillance and law enforcement operations, in coordination with the FDA, to rid the province of mercury-containing skin whitening cosmetics.
- Encourage concerned municipalities and cities to enact ordinances similar to what Quezon City did in 2018 banning the manufacture, importation, distribution and sale of mercury-containing skin whitening cosmetics.
- Promote “natural color is beautiful” as the safest protection against skin whitening cosmetics containing mercury and other hazardous substances.
In their letter to the provincial government, the EcoWaste Coalition also emphasized that mercury in cosmetic products will eventually find its way in the environment, including waste water and water bodies, and thereby contaminating the water system and the food supply with this highly toxic substance.
According to the World Health Organization, “mercury use in cosmetic products can have adverse effects including skin rashes, discoloration and scarring, and can reduce skin’s resistance to bacterial and mycotic disorders.”
“Direct and prolonged exposure through the skin during repeated applications can cause damage to the brain, nervous system and the kidneys,” it said.
WHO has warned that “mercury-containing skin lightening products are hazardous to health.”


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World First Chip Standards are good for NZers
7 March 2008
World First Chip Standards are good for New Zealanders
The horticultural industry welcomed the launch today by The Chip Group of the new industry standards on cooking healthier hot chips. The Chip Group is made up of the National Heart Foundation of New Zealand and industry groups.
Kevin Wilcox, Chairman of the Potato Promotion Committee of Horticulture New Zealand said;
“We congratulate The Chip Group on the huge step forward they have taken with these standards and in achieving a world first for New Zealand. We are pleased that the standards will assist in improving the nutritional profile of hot chips by focusing on the way they are prepared and cooked.
“We sincerely hope that these standards are adopted by chip shops around the country as it will greatly reduce the amount of oil used in cooking takeaway chips and this could see a significant amount of fat removed from the kiwi diet.”
Mr Wilcox said that fresh potatoes are nutrient rich, bursting with vitamins and minerals, an excellent source of fibre and carbohydrates, and are virtually fat free.
“The work of the Chip Group on these industry standards helps hot chips to retain some of the natural advantages found in fresh potatoes. Given the popularity of hot chips in New Zealand, we think this is a big step forward.”
Mr Wilcox added that it was particularly timely that The Chip Group has announced these new standards now, as the United Nations has declared 2008 as the International Year of the Potato. Potatoes are the world’s fourth largest food crop and are a vital source of nutrition in developing countries where hunger and poverty are always present.
In New Zealand a range of activities that focus on potatoes is happening throughout 2008. More information may be found at www.vegetables.co.nz/potatoes


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Cloud 9 Charities will host their 10th Annual Fashion Show scheduled from 5:30 p.m. to 1 a.m. Saturday at the Hilton Garden Inn, 785 SH-121 Bypass in Lewisville.
The event will include a silent auction, casino, ballroom dancing and a showcase of fashions and accessories from local stores.
Organizers hope to raise $150,000 this year, officials with the charity said in a news release.
The fundraiser will gather funds to distribute to four charities: Court Appointed Special Advocates of Denton County, Inc., Children’s Advocacy Center for Denton County, the Pedi Place, and the Sue Weaver Consumer Awareness of Unsafe Service Employment.
Established in 2006, Could 9 Charities has provided over $5 million to local organizations. The nonprofit hosts two major events each year, an art gala in the spring and a New York-style fashion show in November.
For more information, visit their website.


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Licensing firm Character World today announced an exclusive deal to design and produce a range of bedding and other textile products based on the hit TV series Glee.
Cheadle Hulme-based Character World said it has signed an agreement with Twentieth Century Fox's consumer products division, adding that an initial range of items would be available in time for Christmas, with more to follow from next spring.
Glee, a musical comedy-drama based round a choir at a fictional high school in Ohio, is screened on E4 and Channel 4 in the UK. In the United States, a second series will be aired from next month and a third has been commissioned.
Mark Schweiger, joint managing director at Character World, said: “Glee is a massive addition to the Character World portfolio. There's no doubt Glee is a cultural phenomenon. We are already receiving a great deal of interest from retailers and we believe Glee merchandise will be big business this Christmas.”
The contract is the latest success for Character World, which is on course to see sales rise to over £20m this year following a string of deals, including a licence for Toy Story products following the release of the third Buzz Lightyear and Woody adventure movie.
Based on the Stanley Green Business Park, Character World employs more than 50 staff and is backed by private equity firm RJD Partners, which invested in 2008.


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Where The Dairy Industry Does Business . .
Don’t miss the premier event for the manufactured dairy products industry! The American Dairy Products Institute and American Butter Institute’s 2018 Annual Conference will be held on April 29 – May 1, 2018 at the Chicago Marriott Downtown in Chicago, Illinois.
With over 1,000 manufacturers, marketers and suppliers of manufactured dairy products projected to attend the 2018 conference - this event will give you an unique opportunity to network within all aspects of the industry. As well as hearing from prominent industry figures, dairy economists and other business experts discuss timely industry topics.
Don't miss the event that has been called the “key rendezvous for the world’s dairy industry” by industry publications! Start planning now for the 2018 ADPI/ABI Annual Conference - early registration is now open.


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This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Zoom Boosts Meeting, Phone Options
Zoom this week announced a host of updates that bring new features and privacy options to Zoom Meetings and new integrations to Zoom Phone.
As detailed in this Zoom post, Zoom Meetings enhancements are:
- Recording highlights — This AI-based meeting feature will automatically highlight the important parts of a recorded Zoom meeting, Zoom said. Meeting hosts can adjust highlights and create new meeting clips, Zoom said.
- Virtual background management — Account owners and admins can now remove default Zoom virtual backgrounds for video meetings and turn on an account- or group-level setting requiring use of a corporate-approved virtual background.
For privacy, Zoom rolled out several features that it had previewed last month. With the latest Zoom version, users will receive a notification when a registration form with personal information is shared with a meeting or event host, Zoom said. Zoom will also notify users via a pop-up box if a meeting they are attending is being recorded and livestreamed. Additionally, a forthcoming Active Apps Notifier feature will let meeting participants know when a meeting host or participant is using a third-party app that can access real-time content or personal information, Zoom shared in this blog post.
Zoom also revealed several new features for Apple iPad users. For Zoom users on 11- and 12.9-inch iPad Pro devices, an auto-framing feature called Center Stage will now keep them in the center of a video stream as they move, Zoom said. Center Stage, introduced last month at an Apple event, leverages the device’s built-in camera and Zoom’s machine learning to perform the image recognition, and since this is all done on the device, no image data is sent to the cloud, Zoom said.
In addition, Gallery View across all iPad models now supports more video streams, Zoom said. Zoom users on the 12.9-in iPad Pro can now see up to 48 videos in Gallery View, while users on previous iPad models can now see up to 25 video tiles, Zoom said.
For Zoom Phone, Zoom revealed several new integrations, including:
- Microsoft Dynamics — allows users to initiate and receive Zoom Phone calls, manage contacts, and log calls and SMS directly from Microsoft Dynamics 365 CRM.
- Google Workspace — lets users call contacts, external numbers, and event attendees from Gmail and Google Calendar.
- Dubber — provides recording functionality, transcriptions, sentiment analysis, and voice AI to Zoom customers.
- InformaCast Fusion by Singlewire — allows users to receive InformaCast emergency alerts and alerts when 911 is called Zoom Phone.
Lastly, Zoom added Premier Developer Support plans, designed to provide developer-specific support to customers. Currently, Premier Developer Support plans are for paid Pro, Business, Education, Enterprise, Healthcare, ISV, or Video SDK accounts, and customers can choose between three levels of support, Zoom said. To coincide with these plans, Zoom launched a new developer site that features Help Center articles and other resources, Zoom said.


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The Northumberland manufacturer is in administration again with the loss of 82 jobs.
Galliford Try is among the creditors owed cash after retaining a stake in the firm following a previous rescue.
Badekabiner blamed cash-flow problems caused by declining workloads and the collapse of a major customer which owed it nearly £500,000.
Administrators at Leeds-based PKF are looking for a buyer for the firm which had an order book of more than £8m when it collapsed and had been targeting revenues of £12m this year.
PKF partner Charles Escott said: “The business could potentially be quite successful again. It has a strong order book, considerable assets and potential workforce which is keen to get back to work.
“We have had quite few companies in the construction industry come to us already who are interested in buying the company and we will be looking to make a sale to the right buyer soon while keeping open talks with its customers, many of whom will want to resume supply of the bathroom pods into their developments quickly.”
Escott told nebusiness.co.uk that the firm’s books were still being examined but it is believed it owed more than £1m to suppliers, HMRC and to building giant Galliford Try, which owned 25% of the business before its collapse.
One supplier said: “We lost out before but were happy to carry on working for the business because it had a big name like Galliford Try behind it.
“But we have lost out tens of thousands of pounds this time, which is a lot to a small company.”
The firm was mainly owned by York-based entrepreneurs Andrew Forshaw and Mike Hampton who bought out a 75% stake from Galliford Try last August.
Galliford had only owned Badekabiner since November 2010 when it had bought it out of administration after original Danish owner EJ Badekabiner pulled the plug.
The firm was a major supplier on the Olympic Athletes Village where the ODA propped it up financially to keep work going.


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Mickey Thompson Adds New Sizes to ET Street R Tire Line
Four new fitments arriving late February 2018
There’s no denying that Mickey Thompson’s ET Street R is an extremely popular tire with Mustang fans all over. The tire’s capability is track proven and its DOT approval means trips to and from the track can be made without a stack of tires and a floor jack in your back seat. Hell, many Mustang owners we know drive on them daily! Now, thanks to a recent expansion of the ET Street R line four additional fitments are launching at the end of February 2018, all of which will be DOT-approved as well.
The upcoming release of these new sizes in the ET Street R line include a P315/60R15, a P315/50R17, a 31x16.50R15, and a 28x12.50-15LT fitments. “Our ET Street R tire combines the best in drag tire technology with a design that’s DOT approved for street use,” said Ken Warner, Vice President of Marketing for Mickey Thompson. “Since its launch last year, the ET Street R has become a very popular tire, and we are excited to offer even more fitments for our customers to test at the track.”
Offering race-proven compounds and minimal tread void for outstanding traction, Mickey Thompson’s ET Street R line features a tubeless construction that provides a leak-free seal without the expense and hassle of tubes. For more information, visit www.mickeythompsontires.com/drag-tires/et-street-r.
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BERLIN – German consumers, previously known to stop spending at the slightest sign of economic turmoil, seem to be becoming immune to financial crises.
Despite threatening economic indicators and a daily diet of negative headlines, including the potential bankruptcies of major German companies such as Karstadt parent Arcandor and carmaker Opel, the German consumer climate remained stable in May.
In a report published today, Nuremberg-based market research firm GfK said “consumer propensity to buy remained virtually unchanged at a good level” in May. GfK is moreover forecasting this would continue in June for the fourth month in a row.
GfK said moderate prices are helping to bolster consumer spending, and “consumers can look forward to continued falling prices … currently supporting the consumer propensity to buy.”