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Department store retailers posting first-quarter results Thursday said the cold spell in April had a negative impact on financial performance — especially with same-store sales.
The Bon-Ton Stores Inc. widened its first-quarter loss to $29.3 million, or $1.78 a diluted share, from a loss of $10.8 million, or 66 cents, for the same period last year. Sales for the quarter increased 31.3 percent to $737.6 million from $561.8 million last year, which included a same-store sales decline of 2.5 percent for its Bon-Ton stores and a 0.8 percent decrease at its Carson's stores. The current quarter's results included the first five weeks of the Carson Pirie Scott operation, which Bon-Ton acquired last year, results of which were not included in the year-ago figures. "We were comfortable with our performance in the first two months of the quarter and then the coldest April in 10 years hit, which had a substantial adverse impact on our sales results and put pressure on our margin dollars," said Bud Bergren, president and chief executive officer of the company, in a statement.
Stein Mart Inc. posted a 7.3 percent increase in first-quarter earnings to $8.1 million, or 18 cents a diluted share, from $7.6 million, or 17 cents, in the prior-year period. Sales rose 3.1 percent to $376.1 million from $364.8 million, but comps fell by 2 percent in the period. "Following the earlier Easter and record cold weather in early April, we had hoped to see a stronger recovery, but our business is still underperforming our spring plan and we are concerned about the impact of a lower level of consumer spending going forward," said Michael Fisher, president and ceo, in a statement.
Stage Stores Inc. said first-quarter earnings inched up 0.7 percent to $9.1 million, or 20 cents a diluted share, from $9 million, or 21 cents, in the same year-ago period. Sales rose 4.3 percent to $358.2 million from $343.5 million, while same-store sales rose 0.1 percent. The company said that unseasonably cool and rainy weather reduced demand for seasonal items.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty


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The automotive supply chain firm, which employs around 400 people at two sites at Fradley in the West Midlands as well as at other locations across the UK, has sent a ‘heartless’ letter to staff laying them off until April 20 that makes no mention of the government’s furlough scheme.
Unite, which represents a substantial amount of the workforce at Faurecia, has obtained a copy of the letter that tells staff that during the lockdown they can either take unpaid leave, any remaining annual holiday or be paid in advance using banked hours.
Nowhere in the letter does it mention that the company will be registering laid off staff with the government so that 80 per cent of their wages can be claimed while the spread of coronavirus is stopped.
The union said that Faurecia workers are now deeply worried that they will be left in debt and struggling to cope. Without the government support many will be forced to use the banked hours scheme, which stipulates that wage advances will be deducted from future pay slips or paid back as a lump sum, or face struggling without money during the lockdown itself.
Unite regional officer Melvyn Palmer said: “The letter sent to Faurecia’s staff about their choices during the coronavirus layoff is heartless. It makes no mention of whether the firm will be registering its staff under the government’s scheme to pay 80 per cent of wages.
“Many staff are terrified that their only choice will be to struggle through the lockdown without money coming in or to rely on banked hours that will leave them in debt once work resumes.
“Other companies across the automotive sector are making clear that their staff will be registered under the government furlough scheme and working with Unite to ensure that message is heard loud and clear.
“Faurecia, however, have completely disregarded their workforce’s concerns and are refusing to answer Unite’s repeated enquires on the issue. This is no way to treat people during a national emergency. Faurecia must register their workers under the furlough scheme as soon as possible and make it immediately clear to their workforce that they are doing so.”

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Toyota delays Prius plant indefinitely
Toyota Motor Corp. plans to indefinitely suspend the production start at its newest plant in Blue Springs, Miss., the Associated Press reported Monday.
Production on Toyota’s hybrid Prius was to begin in 2010 but the company said it will delay installing equipment and machinery indefinitely due to a slowdown in consumer demand, the Associated Press reported.
Construction on the $1.3 billion plant northwest of Tupelo began in April 2007 with a plan to build 150,000 Highlander SUVs annually.
Earlier this year, with gas prices rising to more than $4 a gallon and SUV sales plummeting, the company said it would back off building the Highlander and replace it with the Prius.
In November, the company reported its U.S. sales fell 34 percent.
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- South Africa’s worsening energy crisis has prompted the need for alternative power solutions, with solar power emerging as a cost-effective and sustainable option.
- Standard Bank’s LookSee.co.za platform assists consumers in choosing suitable solar power systems and connects them with vetted solar providers for quality products and services.
- LookSee.co.za offers expert needs analysis, exceptional solar installers, ongoing support, and tailored financial solutions for solar installations.
With over 2881 hours of power outages experienced in South Africa in 2022, and a worsening energy crisis in 2023, the demand for alternative power solutions has surged. President Ramaphosa declared a national state of disaster in February, emphasizing the urgency to invest in cost-effective, clean, and sustainable energy sources. As solar panel tax incentives are included in the 2023 Budget Review, South Africans are encouraged to consider solar power as a viable alternative.
Andrew van der Hoven, Standard Bank’s head of digital and eCommerce, highlights that South Africa’s abundant sunshine and ranking among the top three countries for average direct solar radiation make it an ideal location for solar power. Solar power systems, comprising solar panels, inverters, batteries, and battery charge controllers, can help reduce carbon emissions and provide reliable energy.
Three types of solar power systems are available: grid-tied systems, backup or hybrid systems, and off-grid systems. However, backup or hybrid systems are often considered the most practical and cost-effective option for homes and businesses.
Despite the initial high setup costs, solar solutions have become more affordable and can save consumers thousands in the long run. To facilitate the adoption of renewable energy solutions, Standard Bank has developed LookSee.co.za, a home efficiency platform designed to help customers choose the most appropriate backup power and solar solutions for their needs.
LookSee.co.za offers a panel of vetted solar providers, ensuring that customers receive quality products and services. Users of the platform benefit from an expert needs analysis, exceptional products and experienced solar installers, and ongoing support from the LookSee Solar Concierge Team. Standard Bank also provides tailored financial solutions with competitive pricing and flexible repayment options for solar installations.


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Nintendo sold over 906k Switch consoles in the United States last month
The Legend of Zelda: Breath of the Wild also set new records as it's become Nintendo's fastest-selling launch game of all time, as well as the fastest-selling entry in the Zelda series. Citing numbers from NPD (so we're talking North America here), the Switch sold over 906,000 consoles in March, with Breath of the Wild moving 925,000+ copies for Switch and nearly 460,000 for Wii U-also not a bad number, considering that the (roughly ten million) Wii U owners are mostly Nintendo diehards who were likely to buy a Switch anyway.
The Switch is the fastest selling Nintendo system ever.
A player of "The Legend of Zelda: Breath of the Wild" recently made an impossible stunt that made fans in awe of his feat, which can be seen in a video that can be viewed down below.
REDMOND, Wash., April 13, 2017 - Nintendo Switch, the new home gaming system that people can also take on the go, has sold faster in its launch month than any other video game system in Nintendo history.
It's also predicted Nintendo will have sold 25.7 million Switch units by the time this smaller console launches - a fairly ambitious goal. More than a few gamers have purchased Zelda:Breath of the Wild on Switch simply because they can't find a Switch console in stores. Nintendo Switch dock will be priced at $89.99 and will include the dock, AC adapter, and an HDMI cable. This is the fifth month in a row that the PS4 has led the Xbox One console in sales within the US. Mario Kart 8 Deluxe, Arms, Splatoon 2, Xenoblade Chronicles 2 and Super Mario Odyssey are all slated to launch this year, which should result in some quality games for Switch owners.
Nintendo just revealed some pretty impressive numbers for the Nintendo Switch sales last month. Nintendo confirmed that the game sold 1.3 million copies, 925,000 of which were for the Switch, and the rest were sold for the Wii U. Nintendo said that was because some users bought both a limited edition of the game and another version.
Mbappe was sprung down the right channel moments later, but dragged his right-footed shot from an angle wide of the far post. Monaco coach Leonardo Jardim promised his team would stay true to their offensive style in the semi-finals.
The new order would direct USA agencies to propose rules to prevent immigration fraud and abuse in the program. In addition, the review of the H-1B visa process might also affect how well foreign workers are paid.
Paris police are warning people to avoid the area around the French capital's grand Champs-Elysees after two officers were shot. Police and soldiers sealed off the area, ordering tourists back into hotels and blocking people from approaching the scene.
About 72 percent of voters want France to keep the euro, according to an Ifop poll published in Le Figaro newspaper last month. But that is precisely the point: Bringing them out into the open demonstrates just how disruptive Le Pen's victory would be.
Pence has repeatedly said that "all options are on the table" to deal with North Korea. "We didn't block the statement". North Korea is believed to have at least 10 nuclear weapons and an equally large stockpile of chemical arsenal.
To gauge your chances of picking a winning stock, take a close look at its fundamentals, especially its earnings-per-share growth. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment.
Netflix has expanded around the world over the last few years, betting that its US formula would pay off in other countries. Worldwide additions came to 3.53 million, which was lower than its own guidance for 3.7 million.
Prime Minister Sharif's governement was sacked by then President Ghulam Ishaq Khan for alleged corruption in April, 1993. The Supreme Court also ordered Sharif, 67, and his two sons, Hasan and Hussain, to appear before the JIT.
Philip Morris International Inc
On average, equities research analysts expect that Philip Morris International Inc . will post $4.88 EPS for the current year. While PM fell following its earnings and revenue miss, online-auction operator eBay managed to top its earnings estimates.
Survivor: Transgender contestant Zeke Smith outed
And that's what signaled to me the worst had happened. there was this primal instinct in me that just said 'run, '. An odd tidbit to come out of this ordeal is CBS' decision to air it in the first place.
Oversight Chairman Chaffetz Won't Run to Keep Seat in 2018
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President Rouhani Reiterates Iran's Non-Stop Military Growth
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Paris officers shot, 1 fatally, in Champs-Elysees attack
Earlier this week, two men were arrested in Marseille whom police said had been planning an attack ahead of the election. Brandet said the shooting started at shortly after 9 p.m. when a auto stopped alongside a stationary police vehicle .
Trump signs 'Hire American' order in Snap-on visit
In an announcement, the White House said H-1B visas should bring the highly talented and paid work to the United States. His businesses have also hired foreign workers, including at his Palm Beach, Florida, club.
Campaign begins as UK MPs vote for early election
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Has $3.181 Million Position in Anadarko Petroleum Co. (APC)
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Transcript Daily and is the property of of Transcript Daily. The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Outperform" rating given on Tuesday, March 14 by Credit Suisse.
Massive mound of rubbish crushes 10 people in Sri Lanka
Officials said hundreds of people had been moved to temporary shelters and the government would soon begin shifting more people. The compensation money will come from an insurance policy the state had taken against such disasters, the ministry said.


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Travel is something most of us love to do, and that urge to see new horizons doesn’t decrease with age. But those holidaymakers with pre-existing medical conditions, it can be hard to find the increasing cost of comprehensive travel insurance. If you need emergency medical care, ongoing treatment, plus repatriation in some cases – in countries like the USA, Canada, South Africa, NZ or Australia – that can cost thousands. Here’s some news from Verisk;
Verisk (Nasdaq:VRSK), a leading data analytics provider, announced today that Fit2Trip, a travel insurance provider, has licensed Verisk’s Travel Black Box to help expand its operations into Italy and provide critical cover to travellers with pre-existing medical conditions.
“Many Italians with medical conditions are either travelling uninsured or underinsured and could be putting their financial security at risk or avoiding travel altogether,” said Simon Powell, CEO at Fit2Trip. “With the Black Box, travellers can provide us with their information and easily obtain a quote for the cover they need to ensure they are correctly protected during their travels.”
Fit2Trip customers can complete a simple online declaration of their medical conditions, and the Black Box will analyse the answers using a proprietary algorithm, providing a risk score that Fit2Trip can use for underwriting. Fit2Trip is already successfully using the Black Box in Spain. The Black Box is currently available in Canada, Europe, Australasia, and Asia.
“Gathering accurate, up-to-date information on medical conditions and assessing the relative risk can be major challenges for travel insurers,” said Paul Beven, managing director of Verisk’s Risk Rating division, which produces Verisk’s Travel Black Box. “By using the Black Box, Fit2Trip will be able to quickly view an analysis of relevant medical risks, make informed underwriting and pricing decisions, and provide customers with the related cover they may need.”
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The Food and Drug Administration is looking to regulate the sale of premium cigars in hopes that it will decrease the amount that find their way into the hands of minors.
Some of the restrictions that the FDA are considering could mean a loss of business to cigar shops all over the country.
All types of sales excluding that of face-to-face transaction may become restricted, including online cigar sells.
The Food and Drug Administration is proposing to make some changes to how people purchase premium cigars.
The proposed changes could mean altering the buying process.
They will do this by switching from a humidor atmosphere to strictly buying from a list.
These new regulations made by the FDA are meant to prevent minors from purchasing tobacco products.
If the proposed regulations become reality some online cigar sellers around the country could stand to lose up to 99% of their business.
Abilene business owner Bill Calame said that it's not likely this regulation will affect his business because his shop does not sell their products online.
Calame said he normally doesn't have a significant problem with minors looking to purchase tobacco products.
"I think a lot of kids who are younger wouldn't come here because they know we're a high end shop and we card. It's expensive, a lot of it is imported overseas." Calame said.
And while Abilene shops may not be affected by the new proposed guidelines, premium cigar sellers throughout the country plan to sponsor two bills in congress to stop the FDA from regulating what legislation calls "traditional large an premium cigars."


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Quick hook ups no cc
Entering its sixth year in 2000, the company had yet to crack a profit and was mounting millions of dollars in continuous each quarter’s larger than the last.
Nevertheless, a segment of shareholders believed that by dumping money into advertising and steep discounts, Amazon was making a sound investment that would yield returns once e-commerce took off.
Although Amazon has clocked staggering growth—reporting double-digit increases in net sales yearly—it reports meager profits, choosing to invest aggressively instead.
The company listed consistent losses for the first seven years it was in business, with debts of billion.7 While it exits the red more regularly now,8 negative returns are still common.
Due to a change in legal thinking and practice in the 1970s and 1980s, antitrust law now assesses competition largely with an eye to the short-term interests of consumers, not producers or the health of the market as a whole; antitrust doctrine views low consumer prices, alone, to be evidence of sound competition.
Elements of the firm’s structure and conduct pose anticompetitive concerns—yet it has escaped antitrust scrutiny.
This Note argues that the current framework in antitrust—specifically pegging competition to “consumer welfare,” defined as short-term price effects—is unequipped to capture the architecture of market power in the modern economy.
Although Amazon has clocked staggering growth, it generates meager profits, choosing to price below-cost and expand widely instead.
Through this strategy, the company has positioned itself at the center of e-commerce and now serves as essential infrastructure for a host of other businesses that depend upon it.
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It ain’t exclusive, but Nokia has chosen to hitch its pack to Microsoft for the long smartphone race ahead, confirming rampant rumors of a partnership. In the first of two press conferences in London today, Nokia CEO Stephen Elop announced and explained Nokia’s decision to heavily partner with Microsoft to deliver a joint Nokia and Windows Phone 7 experience that he hopes will help both companies rise to the challenge and battle Apple’s iOS and Google Android in the United States and around the world.
“We believe this is good for Nokia,” said Elop. “It represents a next-gen platform upon which we can attach our innovation…It gives us a faster path to the United States Market place….We also think this is good for Microsoft. It gives them a faster path to global market. It gives them a role to leading devices. It allows them to focus on areas where they can differentiate.”
Though a finished agreement is still pending, Microsoft CEO Steve Ballmer joined Elop on stage to affirm Microsoft’s commitment to the partnership. He explained that though Nokia will not be the exclusive vendor for Windows Phone 7 devices, the two will work together on development and marketing initiatives.
“This partnership with Nokia will accelerate, dramatically accelerate Windows phone ecosystem,” said Ballmer. “We need to and we will collaborate closely on joint development and joint marketing initiatives. Nokia’s location and mapping services will improve our joint experience and help deepen the access and information in our Bing service. Nokia will work with us on hardware advances and work on its own unique hardware advances. This partnership is good for Microsoft and its good for Nokia.”
No official handsets were announced at the event, though Ballmer said that engineering teams have been working extensively together for some time. A question on tablets was asked, to which Elop answered that no tablet plans were being discussed today, but if Microsoft had specific new plans for tablets, Nokia would be able to take advantage of these plans.
Nokia released this fancy chart to explain how the companies will work together. Microsoft will provide the platform and a number of services like adCenter, Bing, Office, etc, but Nokia will also contribute some of its stronger services like the Ovi portal and Nokia Maps, which will be integrated into Microsoft’s search engine and become a “core part of Microsoft’s mapping services.” Due to the symbiotic nature of the relationship, Elop hinted that Nokia is getting a discounted, if not free, rate on Windows Phone 7 licensing, but would not discuss specifics.
Android and MeeGo
Nokia had other options. At the conference, Elop explained why Nokia chose WP7 for smartphones over its own internally developed MeeGo OS, noting that it would take too long to bring MeeGo to market. The Finnish company will release a single MeeGo handset later this year for its own exploratory and research purposes, but then the MeeGo team will be repurposed to focus on Windows Phone 7 and other future OS advancements.
When asked about moving to Android instead, Elop said that Nokia “explored the opportunity with the Google ecosystem,” but decided that it would be too hard to differentiate properly and deliver unique innovation in such a crowded marketplace of Android devices, though Windows Phone 7 offers much greater collaborative possibilities and fits in with Nokia’s strengths.
When asked about the transition from Symbian to Windows Phone 7, Elop said that the company has about 200 million Symbian users and expects to ship about 150 million more lower-end Symbian devices as it transitions to Windows Phone 7 in the coming months and years. It is working with MS to drive down the cost of WP7 devices so that it can slowly work the OS into lower end phones and developing markets around the world.
Regaining footing in the U.S.
When asked about the U.S. market, Elop and Ballmer commented that though both Nokia and Windows Phone 7 have struggled in North America, working together will be beneficial. Elop commented on the hope that wireless carriers will support a third operating system in the market if it has the broad support of a company like Nokia. The partnership also gives Nokia “faster access to the market with a competitive product. “This is now a three horse race,” said Elop.
Nokia will have another press briefing in a bit which will outline more of its plans for Symbian and restructuring.
UPDATE: Click to read about Nokia’s second WP7 press conference. The company outlines its restructuring efforts, financials, and further clarifies how its relationship with Microsoft will work.


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Long-term introduction: Audi A4 1,4T FSI S tronic Sport Since the departure of my BMW long-term test car, there has been an M235i-shaped hole in… Read more →
With the Audi A4 having recently been launched in international markets, crossover fans will now have access to the new Allroad Quattro variant. The Allroad… Read more →
Audi has revealed its S4 sedan as a performance variant of the A4 seen for the first time at the end of June this year…. Read more →
The all-new Audi A4 will only reach our shores next year, but now Audi has revealed the car ahead of its official debut at the… Read more →
Can fresh looks and a frugal new engine finally hand the Audi A4 class honours?
Audi has updated its A4 saloon, Avant and S4 model lines for 2012 ushering in fresh new styling, a host of new infotainment technologies and a revised specification line-up.
The new unit delivers 125 kW and 320 N.m (between 1 400 and 3 700 r/min), up from the old engine’s 118 kW and 250 N.m. Fuel consumption has also been improved, Audi now claims 5,7 litres/100 km. The updated engine is also Euro 6 compliant, meeting emissions regulations that will only be enforced in 2015.


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Oh, the news release (also known as a press release). Is it dead? Is it alive?
Depending on what you’re trying to accomplish, we believe the news release is still an effective and efficient tool for communicating news. In fact, according to our account rep, BusinessWire publishes about 500 releases every business day.
But there’s more to the news release than sending it to a handful of targeted journalists. Make sure you keep these tips in mind the next time you announce news:
- Develop an internal communications strategy: Employees don’t want to first learn about company news in the news. As you plan the announcement, make sure internal communications is not an afterthought. Consider sharing it via email, including it in a company newsletter or directing communications through managers. For major news, organize a company-wide meeting.
- Update the company’s website: According to data from Chartbeat, an average user spends less than 15 seconds on a webpage. If they’re searching for your company, don’t make it hard for them to find the news on your site. Whether it’s on your newsroom or on the site’s homepage, make sure the company’s announcements are easy to find.
- Share it on social: It seems like a given, but coordinate with your social team to announce the news on social media to coincide with traditional media. The announcement should be included in their editorial calendar, to be certain the announcement gets the necessary attention it deserves on social channels. As a bonus, if your team is doing advertising on social, consider promoting a link to favorable news coverage of the announcement.
Care to share how your team leverages news releases? Leave us a comment below.


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Publisher and Reporter with Silicon Hills News
Host of the Ideas to Invoices Podcast
Next Coast Ventures might be able to afford to lose $1 million on an investment, but can an entrepreneur afford to lose five to ten years of their life working on a startup that doesn’t hit it big?
That’s the kind of deep thinking unearthed in the latest Ideas to Invoices podcast featuring Mike Smerklo and Tom Ball, co-founders of Next Coast Ventures, an Austin-based Venture Capital Firm that invests in early stage companies. It just closed on a $85 million fund last month.
In the podcast, Ball and Smerklo discuss how difficult it is to build a company.
One of the things that sets them apart from other VC firms is that both Smerklo and Ball are experienced entrepreneurs who have taken a startup from idea stage to exit.
Before launching Next Coast, Smerklo ran ServiceSource and took it from a small startup to a public company with more than 3,000 employees. Ball was a general partner with Austin Ventures for a decade. But he also founded Tahoe Domains and Co-founded Openfield and Razorgator Interactive and founded eCoupons.
Next Coast Ventures looks at a lot of attributes when evaluating a business plan including team, the founder, market fit and if the founders match up to the opportunity, Ball said. They also look at the domain the business is operating in and what theme it approaches, he said.
“We look at is it a good use of our time and can we add value to the investment,” Ball said.
Entrepreneur to market fit is a key metric, Smerklo said.
“There’s great ideas and sometimes the entrepreneur isn’t well qualified to run that business,” Smerklo said. “So we spend a lot of time thinking about can he or she take this business from this concept and really drive it to the next level. Is their passion, their energy and their domain experience a good fit for the idea they are trying to bring forward.”
They also look at the risk and reward balance in the business plan, Ball said. Next Coast Ventures wants to get a ten times return on its investment, Ball said. So it looks for ideas that can provide that kind of return, he said.
The best way to pitch Next Coast Ventures is through a qualified introduction from someone they respect, Ball said. They get a lot of cold email pitches to info@NextCoastVentures.com and they try to respond to most of them, but the best way to pitch them is through someone in their network.
“There’s a vast number of ideas and opportunities we can spend our time with and unfortunately or fortunately, our job is to say no 99 percent of the time,” Smerklo said.
To make it easier to find the deals Next Coast is interested in, the firm looks at certain themes. It plans to invest in business models designed for digital natives as well as innovative companies in the education, retail, business to business and business to consumer sectors.Next Coast Ventures has already invested in four Austin-based startups: Umuse, Dropoff, OnRamp and Phlur and one San Francisco-based startup Cloverpop and one New York-based startup Clarity Money. It has also invested in two more local startups, which it has not yet publicly announced.
Next Coast Ventures had conversations with more than 600 entrepreneurs last year. Ultimately, the firm plans to invest in 20 to 25 companies during a three to four year period, Ball said.
The number of investments any firm makes is really small compared to the number of deals it looks at, Smerklo said. That’s why entrepreneurs should cast a wide net when looking for funding, he said.
There’s a lot of variables that come into play when a VC firm says no other than the idea, Ball said. It might be the stage the fund is in or whether they have made an investment in a competitor, he said.
Next Coast Ventures doesn’t use a “Moneyball for analytics” system to evaluate entrepreneurs.
“Ninety percent of the decision is the entrepreneur,” Smerklo said.
Both Smerklo and Ball have extensive networks in Silicon Valley from time spent working there. They take entrepreneurs they invest in to Silicon Valley early on to meet with syndication venture capital partners there, Smerklo said.
“You can never start that process early enough,” he said.
The Next Coast Ventures market it invests in isn’t geographically defined, it’s “spiritually defined” Smerklo said. They look for deals in Austin, which has great ideas but not as much institutional capital that is available on the coasts, he said. They will also invest in the Midwest, Boulder, Salt Lake City and other markets that are similar in size and mentality to Austin, he said.
Both Smerklo and Ball have raised money as entrepreneurs. It’s never easy, Smerklo said. They spent a year raising $85 million from private and institutional investors for the Next Coast Ventures fund. In the end, the fund was oversubscribed. They initially planned to raise a $55 million fund. They also put their own money into the fund.
“It’s planes, trains and automobiles,” Smerklo said. “It’s being passionate about what you are doing and reaching out to every opportunity.”
The funding situation in Austin is better than it’s ever been from a competitive dynamic among the investors, Ball said. It’s very healthy versus having one big investor, he said.
“Having multiple options in a bonus,” he said.
In Austin, seed financing is better than it’s ever been ever, Ball said. There are a lot of people here who are accustomed and attuned to investing in early stage companies. And Capital Factory, Techstars, Galvanize, WeWork and others have helped to build the local technology ecosystem, he said.
Entrepreneurs who know how to sell are at a key advantage in the marketplace, Ball said.
“You have to know how to sell and get the word out about your product,” Ball said.
Next Coast Ventures also recently added Zeynep Young, founder of Double Line Partners, as a partner. She brings tremendous entrepreneurial experience as well as diversity of thought, Ball said.
For more tips on how to get VCs to back your startup, tune in to the podcast, available for download on iTunes.


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With Black Friday behind us, people are now starting to talk about Cyber Monday.
But a fair question to ask is, what in the world is Cyber Monday?
Don’t worry, you’re not the only person asking this question. And come tonight or tomorrow, “cyber monday” will be trending phrase on Google, guaranteed.
So what is Cyber Monday anyway, and why is called as such?
Cyber Monday is the day that retailers try to extend the Black Friday shopping spree from the weekend and carry it into the work week.
So basically, retailers start trying to drive traffic to their websites by offering “web only” type deals and offers.
But why is it called Cyber Monday?
The story goes like this. Back in the day, people didn’t have high speed internet access at the their homes.
High speed internet access used to be available only in the commercial environment – or at the workplace if you will.
So people had to wait until they got to work on Monday, and got on their work computers which had high speed internet, to then access retailer’s websites to take advantage of deals that were being promoted on these websites.
So that’s the premise behind the term Cyber Monday.
But nowadays, I think the term is really irrelevant from a application standpoint because most people have high speed internet in their homes and on their mobile devices.
So now retailers simply leverage the term as another tool to drive you to their websites and keep buying!


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$620 Million Mobile Service Provider Expands Footprint as It Moves Toward $1 Billion in Revenue by 2018
PORTLAND, OR--(Marketwired - Apr 4, 2016) - Consumer Cellular, the mobile carrier with the highest overall customer satisfaction according to Nielsen Mobile Insights, will move its corporate headquarters as the company plans for future growth in the Portland area. The $620 million mobile service provider will, starting in July, reside at 12123 and 12447 SW 69th Ave. in Tigard, with the new space offering approximately two and a half times the square footage of its current facility.
"At the very core of Consumer Cellular is our dedication to providing exemplary service for our more than two million customers, which is driven by our dedicated employees," said John Marick, Consumer Cellular CEO. "As we continue to grow, we're excited about the opportunity to multiply our employee volume and expand further in our hometown."
Consumer Cellular's new 82,140-square-foot headquarters is more than 50,000 square feet larger than its current space, and will house all departments, including marketing, retail, billing, human resources, accounting and customer service. Staff capacity will double, with space for the company to take on 250 additional employees. The company will maintain their current 50,000-square-foot warehouse, also located in Tigard as well as their call centers in Phoenix, Arizona and Redmond, Oregon.
Consumer Cellular, which recently celebrated its 20th anniversary, has maintained 30 percent growth year-over-year by focusing on boomers and seniors. It plans to exceed one billion in revenue by 2018, and in January topped Consumer Reports' customer satisfaction survey, an honor it has received five times over the past several years.
The company is consistently a top rated workplace, and has ranked on the Inc. 5000 list for six years in a row. Despite dramatic growth, Consumer Cellular has kept its small-business culture and continues to invest in its communities. It offers 100 percent paid employee-only medical, dental and vision coverage for full-time employees, 401(k) profit sharing, employee wireless phone service plans and generous paid time off.
About Consumer Cellular
Consumer Cellular is a top-rated wireless carrier that provides no-contract cellphones and service plans to those 50+. The company has been an AARP provider since 2008 and offers AARP members special discounts on service. Founded 20 years ago on the belief that everyone should have affordable access to the safety and convenience of cellular service, Consumer Cellular is privately held with more than 1,200 employees. The Portland, Ore.-based company utilizes the nation's largest voice and data networks, which covers more than 300 million people -- or 99 percent of the U.S. population. Consumer Cellular's wireless phones and plans are sold nationwide at leading retailers such as Target and Sears as well as direct to consumers at ConsumerCellular.com or (888) 345-5509. The company has been ranked on the Inc. 5000 list for six years in a row and has the highest overall customer satisfaction of all mobile carriers, based on Nielsen Mobile Insights survey data during Q4, 2015. For cellphone tutorials, features, applications and company news, connect with Consumer Cellular on Facebook, Twitter, YouTube and Google+.


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US: Cargill in talks to sell cultures, enzymes unit to DSM
Cargill said the talks "may or may not" result in the sale of the cultures and enzymes operation
Cargill has confirmed it is in "exclusive discussions" to sell global cultures and enzymes business to Dutch ingredients giant DSM.
The US-based agricultural commodities group said the talks "may or may not" result in the sale of the cultures and enzymes operation which forms part of its global texturising business and has production facilities in Wisconsin and La Ferte-Sous-Jouarre (France). It produces cultures and enzymes for the dairy and meat industries and employs around 200 people.
Cargill said "both companies are now engaging in the information and consultation process with employee representative bodies in the relevant countries to seek their input".
Cargill's move to seek a buyer for the business is in line with its strategy to focus its texturising business on product lines that are closer to its core activities and where it can be a "leading or relevant player in the marketplace".
ConAgra Foods, Cargill and CHS are to form a joint venture combining their flour milling capabilities in the US....
US agribusiness giant Cargill has settled a long-running dispute with the Mexican government over trade barriers erected against high-fructose corn syrup....
Agri-giant Bunge has announced chief executive Alberto Weisser plans to retire at the beginning of June, to be replaced by the CEO of its North American arm Soren Schroder....
- Why Mars rice plan not just crop-ticking exercise
- ConAgra Foods: what could happen next? - analysis
- Greencore's food-to-go focus paying dividends
- Interview: Ritter sees growth potential in US, EU
- How Danone aims to meet its 2020 objectives
- Pinnacle to buy Boulder Brands in $975m deal
- Aryzta regional CEO steps down
- Maple Leaf Foods to cut over 400 jobs
- Hovis plans cuts amid anxiety over UK bread demand
- "Serious" suitors lined up for Chicken of The Sea


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According to the CFA Institute’s 2018 survey of investor trust, Australian retail investors are more likely to trust human finance planners over electronic advice by an overwhelming majority.
More than 80 per cent of Australian retail investors said they were less likely to trust the recommendations made by an electronic adviser than a human adviser.
Only three per cent of those surveyed thought digital financial advice was more trustworthy than humans, while about 16 per cent thought human and robot trustworthiness was at the same level.
The CFA surveyed 3,127 retail investors who had US$100,000 or more in investable assets in 12 markets. Roughly seven per cent of retail investors were Australian. One of the study’s main aims was to look for links between technology and trust.
The report said that while young investors have the most trust in technology, all age groups are increasing their use of technology over time. It was found that technology wasn’t able to create trust, but increase trust by helping financial professionals provide services and information to their clients.
Australia is one of five markets to show a preference for humans over robots. Other countries to prefer humans include Canada, Germany, United States, and the United Kingdom, though Australians trust in electronic advice is expected to rise.
Electronic advice is relatively undeveloped and new to the market, so opinions will shift as awareness grows among investors. Buying online is now the norm, and this will only increase.
Major financial institutions have quickly realised the need to get with the times, so are increasing investments in technological improvements for their customers.
Blockchain technology has been approved by a majority of the institutional investors surveyed, with 63 per cent of those surveyed saying blockchain has the potential to increase trust in institutional investment. The report said that trust in the system can be strengthened by reducing reliance on counterparty organisations.
Over half of those surveyed believe that in three years, having the right technology tools to execute strategies will be more important than having a person to help them.


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08/11/2021 · For JP Morgan, Bitcoin will reach $ 73,000 in 2022. This is because any type of decline, intended as a contributing cause of rising inflation, would spill over to the prices linked to gold. This would only lead to one exponential growth not only of Bitcoin, in the long run, but also of the whole cryptocurrency world. All this, however, is linked to an implicit request from the.
Bitcoin slumps nearly 20%; El Salvador buys the dip again – Bitcoin and other cryptocurrencies fell sharply Saturday, another sign that investors were pulling back from riskier bets.
11/10/2021 · JPMorgan CEO Jamie Dimon calls bitcoin ‘worthless,’ as the cryptocurrency tops $57,000. Jamie Dimon, JPMorgan Chase chairman and CEO, isn’t a fan of bitcoin, the largest cryptocurrency by.
05/08/2021 · JPMorgan, led by bitcoin skeptic Jamie Dimon, quietly unveils access to a half-dozen crypto funds Published Thu, Aug 5 2021 7:00 PM EDT Updated Thu, Aug 5 2021 8:40 PM EDT Hugh Son @hugh_son
03/11/2021 · Bitcoin traded at around $63,160 on Wednesday. Rafael Henrique/SOPA Images/LightRocket via Getty Images. JPMorgan has renewed its $146,000 long-term price target for bitcoin, which first made.
Bitcoin and other cryptocurrencies have fallen sharply, as fears over the new coronavirus outbreak also shook traditional.
Discussing How Bitcoin Is Freedom Technology With JP Sears – JP Sears, a comedian, freedom advocate and cofounder of Lightning Network social platform Zion, discusses the future of.
Buy Bitcoin Anonymous The Benefits of Paying with Crypto – We will cover the far-reaching impact of bitcoin and the benefits of adopting this digital financial money in this post. But. 05/10/2021 · We have discussed three platforms (Exolix, LocalBitcoins and PrimeBTX) where you can go anonymous to buy bitcoin cryptocurrency. The other two methods of anonymous Bitcoin cryptocurrency
Check Wallet Bitcoin How a restaurant can take Bitcoin payments – Restaurant chains and independent cafes allow customers to use Bitcoin to pay for food and drinks at their physical locations. The Halvening Bitcoin What is Bitcoin? – Bitcoin is a cryptocurrency created by Satoshi Nakamoto, whose true identity remains unknown to this day. Satoshi released the Bitcoin
27/12/2020 · BITCOIN value will increase ten-fold a top US venture capital investor has claimed, as international investment bank JP Morgan estimates the price of each coin could soar to $650,000 (£485,763).
10/01/2021 · While the bitcoin community may not take kindly to a bank-issued blockchain-based digital currency, the launch of JPM Coin marks a milestone for blockchain technology adoption in the financial industry. This is a development that we are almost guaranteed to see more of in the future. Related Articles . Top 20 Industries Blockchain Will Disrupt; Top 5 Stablecoins Ranked.
International hacker Sriki, who is an accused in the Bitcoin scam that has created a major controversy in the political.


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Apple is hosting a keynote event today in the company’s home base of Cupertino, California.
The latest iPhones and iWatch are expected to be announced, and some are calling the anticipated product releases "historic."
Tune in here at 10 a.m. PST, 1 p.m. EST to watch live.
Tech is expected to meet fashion when Apple makes its much-anticipated product announcement today.
Apple has invited several leaders in the fashion industry to its product announcement, according to a Reuters report. This marks the first time fashion leaders have been invited to the annual product launch, though Apple has courted the fashion industry in other ways in the past.
The product announcement is expected to include the launching of the iWatch along with Apple’s latest phone.
Apple is expected to announce the iWatch and iPhone 6 details, including diagonal screen dimensions of 4.7 inches and 5.5 inches, a sapphire crystal screen display and a more efficient A8 chip.


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Categories Analysis, Consumer, Earnings, Technology
Earnings preview: Comcast bets on broadband subscription to lift Q4 earnings
Communications behemoth Comcast Corp. (CMCSA) will be announcing results for the fourth quarter Wednesday before the opening bell. The recent trend indicates there is a high chance of earnings beating the estimates, provided there is strong subscription growth in the company’s over-the-top platforms.
Analysts expect the Philadelphia-based cable giant, which owns popular television network NBC, to report a 27% growth in earnings to $0.62 per share for the December quarter. The revenue estimate is $27.57 billion, which represents a 26% increase from the year-ago quarter.
Of late, there has been a sharp increase in Comcast’s high-speed internet subscribers, which is expected to continue in the near future considering the special schemes being offered by the company, especially the broadband-only packages.
Also see: Comcast Corp Q3 2018 Earnings Conference Call Transcript
The softness in the performance of non-core segments, mainly the video streaming service, is likely to persist. While a potential solution to the problem would be value-addition and price reduction, the growing competition in the cable TV sector limits the scope of monetizing such efforts. Unfortunately, the Theme Park business does not offer the management anything to cheer about.
The market is viewing Comcast’s entry into the wireless market with skepticism, considering the stiff competition awaits the company from biggies like Verizon (VZ), AT&T (T) and T-Mobile (TMUS). Also, cord-cutting continues to be a threat to Comcast’s growth prospects, with more video streaming subscribers switching to the internet.
In the third quarter, adjusted earnings surged 28% to $0.65 per share, far exceeding expectations. During the quarter, group revenues moved up about 5% to $21.2 billion and came in above estimates. The results benefitted from a 10% growth in high-speed internet revenues, supported by net subscriber additions of about 363,000.
Comcast shares witnessed significant volatility last year and the recovery from the multi-year lows seen mid-year lost momentum towards the end of the year. The stock, which lost about 15% in the last twelve months, closed the last trading session slightly higher.
Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips
These fast-food stocks can strengthen your portfolio this year. Here’s why
For American restaurant chains, the early months of the pandemic were a challenging period. But soon things changed for the better as people started ordering their favorite food items online
What to expect when McCormick & Company (MKC) reports Q1 results next week
Shares of McCormick & Company, Incorporated (NYSE: MKC) were up over 2% on Friday. The stock has dropped 12% year-to-date. The condiments manufacturer is scheduled to report its first quarter 2023
KB Home (KBH) Earnings: 1Q23 Key Numbers
KB Home (NYSE: KBH) reported total revenues of $1.38 billion for the first quarter of 2023 which was relatively flat compared to the same period last year. Net income of


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Gartner’s IT predictions: DNA storage, expanding CIO roles and more
Research firm Gartner Inc. thinks traditional computing technologies will “hit a digital wall” by 2025.
That’s just one forecast from Gartner that it released as part of a set of end-of-year predictions from its analysts exploring how enterprise technology could evolve in 2021 and beyond. The predictions were published against the backdrop of the firm’s virtual Gartner IT Symposium/Xpo event this week. They provide insight into some of the emerging technologies that could enter the enterprise in the coming years, as well as the new organizational processes that may emerge from these technological changes.
On the theme of digital disruption of traditional information technologies, the research firm says the use of artificial intelligence in devices will become so persuasive that traditional general-purpose processors will struggle to keep up. Gartner makes the argument that this will accelerate the shift to other types of chip architectures, as well as potentially drive changes in how digital data is stored.
“A variety of advanced computing architectures will emerge over the next decade,” said Daryl Plummer, Gartner’s distinguished research vice president and Gartner Fellow. “In the short-term, such technologies could include extreme parallelism, DNN-on-a chip or neuromorphic computing. In the long-term, technologies such as printed electronics, DNA storage and chemical computing will create a wider range of innovation opportunities.”
Gartner believes that DNA storage may attract particular interest from enterprises. The nascent technology, which is being developed by the likes of Microsoft Corp., could potentially store information using a fraction of the space of current methods and with greater reliability. Gartner estimates that “30% of digital businesses will mandate DNA storage trials” by 2024.
The firm believes that, as technology becomes an even more important component of business operations, chief information officers will start taking on certain responsibilities typically associated with the chief operating officer role. Gartner estimates that as many as a quarter of CIOs at traditional large enterprises could effectively become “COO[s] by proxy” by 2025.
Among the other trends expected to materialize in the enterprise during this time frame is an even bigger focus on analytics. Three-quarters of conversations at work will be recorded and analyzed for tasks such as ensuring regulatory compliance, according to Gartner, while 30% of major organizations will use a new “voice of society” metric to help them react more effectively to societal issues.
“As we’ve seen time and time again, being tone deaf to societal issues can rapidly and irreparably hurt a brand,” commented Gartner’s Daryl Plummer. “By responding to the voice of society, more product brand names or messages are going to be changed or dropped through next year than in the previous five years combined.”
Technological shifts in the coming years will affect customer experiences as well, Gartner posits. Thanks to automation technologies such as warehouse robots, by 2025, the person who buys a physical product or produce may be the first human to touch it in more than 20% of cases. Another trend on Gartner’s radar: Its analysts believe customers will increasingly pay freelance customer service experts to sort out issues with companies on their behalf.
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It was the biggest show of the year as the biggest clothing empire in the country, BENCH celebrates its 25th Anniversary! Local and international celebrities, models and designers flocks to the Mall Of Asia arena to celebrate the event parading flamboyant and sexy lingerie’s for the crowd to enjoy! Congratulations BENCH for the very successful two-night shows!!! Here’s to another 25 years!
Images courtesy of Yhuong Botor Photography Like His Facebook Page HERE


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Chipotle Sustainable Farming Video Goes Viral
Chipotle Mexican Grill’s animated film depicting a dystopia, factory-farm-focused future ‚ÄĒ intended to bring attention to its sustainable food sourcing policies ‚ÄĒ has been viewed¬†almost 5 million times on YouTube.
The company launched “The Scarecrow” short film along with an accompanying game for iPhone, iPad and iPod touch. Both the game and the film depict a scarecrow‚Äôs journey to bring wholesome food back to the people by providing an alternative to the processed food that dominates his world.
The film is set to a somewhat sinister remake of the song “Pure Imagination” from the 1971 film classic “Willy Wonka and the Chocolate Factory,” performed by Grammy Award-winning artist Fiona Apple.
Its not the first animated YouTube video Chipotle has released to promote its green credentials. In 2011, the fast food chain launched “Back to the Start” ‚ÄĒ a film that depicted how farming methods have become further removed from their roots, featuring Willie Nelson’s singing.
In mid-2012, the company announced it was on target to¬†serve more than 10 million pounds of locally grown produce ‚Äď grown on farms within 350 miles of the restaurants where they will be served¬†‚Äď for a second straight year. That would be¬†an increase from 5 million pounds served in 2010, the company said.
In 2011, the restaurant chain‚Äôs local produce haul included 3.6 million pounds of bell peppers, more than 400,000 pounds of jalapenos, 2 million pounds of red onions, 4.7 million pounds of romaine lettuce, and a combined 300,000 pounds of cilantro and oregano. Its California locations also source locally grown tomatoes, lemons and avocados.
Chipotle says that it has steadily increased its locally sourced produce supply since beginning the program in 2008.
In August, the company announced that it had considered ‚ÄĒ and decided against using ‚ÄĒ new protocols that would have seen¬†animals to be treated with antibiotics only when necessary for their continued health. Currently,¬†Chipotle‚Äôs protocol allows the use of antibiotics to treat sick animals, but those animals must be removed from Chipotle‚Äôs supply.
In January, Clorox launched an ad campaign for its Green Works brand with “Desperate Housewives”-inspired digital ads that¬†poked fun at eco-fanatics and attempted to make “eco-friendly people friendly again.”
According to Green Works brand manager Shekinah Eliassen, the campaign says “green is for everyone,” not just the rich. She says the company‚Äôs cleaning products support this message by being priced comparable to non-premium traditional cleaners and by being sold at mainstream retailers.
Despite these examples, many marketeers routinely ignore sustainability as an advertising angle, according to a recent column in The Guardian by¬†Rainforest Alliance president Tensie Whelan.
Whelan says marketers ignore sustainability at their own peril. A typical argument made by marketing professionals is that surveys show that only around 10 percent to 15 percent of consumers actively seek out sustainable products. Instead, Whelan writes that marketers‚Äô job is to make consumers want a product they think they don‚Äôt ‚ÄĒ and sustainability should not be any different.
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We’ve previously written about Buzzfeed’s recent expansion into ever more Ecommerce verticals, is this the future for the industry?
Take a look at how their business has evolved over the last two years.
As reported in Bloomberg, BuzzFeed are rolling out their affiliate business in seven more countries, and are on track to generate over $300 million in 2019.
They’ve really gone all in on affiliate sales now, expanding into Japan, Australia, the UK, Canada, Mexico, Brazil and India and partnering with retailers like Amazon, Etsy, and Uniqlo.
The publishing industry has long inspired readers to but products but haven’t always been rewarded for it, according to Senior VP of commerce Nilla Ali.
“Publishers can build a more sustainable business if they’re getting credit for what they’re driving”
Buzzfeed have been active in affiliate retail for some time. Their team of affiliate writers work with more than 1000 partners in several countries
According to Ali, they have plans to expand into new industries like finance, entertainment and education.
“We think there’s a lot of opportunity to expand beyond the retail vertical”
The affiliate marketing industry is vast and growing industry. With large and engaged audiences, publishers are ideally situated to enter it.
What are some products or services that are relevant to your audience that you could start to integrate into your content? They must be very relevant to your readers and helpful too – in that case when they buy them it’s a win-win!
Check out the Publisher’s guide to Ecommerce from What’s New in Publishing for some more thoughts, and read the original article about BuzzFeed in Bloomberg!


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The decision is still at the rumour stage as Cyrix buyers are all agog at the news, but Dixons press office issued a flat denial.
The machines are said to use the Cyrix MII-300 and will sell for less than £600, sources said.
Cyrix has had a spate of good luck this year since halving its prices a few weeks ago. Comet has since debuted with its own PC, and Compaq went for the MII-300 chip in its new Presario.
As for the Dixons story, watch this space for confirmations.


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The Pine-Strawberry Food Bank’s annual collection of frozen turkeys for Thanksgiving starts Sunday, Nov. 1.
PSFB is also collecting hams. Drop off turkeys and hams at the Ponderosa Market in Pine. A small freezer has been set aside for donations. Drop off turkeys and hams by Sunday, Nov. 22.
Send a donation to the address below, which will go toward the special Thanksgiving and Christmas food distributions. PSFB is suggesting a donation of $25 to $35, which will purchase a turkey and other food for these holiday meals, but the organization is grateful for any donation. Checks can be mailed to:
Pine Strawberry Food Bank, P.O. Box 1534, Pine, AZ 85544.
With more than 90 cents of every dollar going to purchase food for clients, the all-volunteer food bank operates efficiently. However, the cost of many foods has increased over the last year. PSFB is currently assisting 90 to 100 households in the communities of Pine and Strawberry each month.
Last year, the Food Bank provided Thanksgiving meals to about 110 households in these communities.


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October 25, 2022
Poultry sector in Russia affected by sanctions
The poultry sector in Russia has been hard hit by sanctions following Russia's invasion into Ukraine, affecting the industry's sourcing of imported feed additives, egg-hatching equipment, packaging and labels, bne IntelliNews reported.
Russia was initially a net importer of poultry, but has since been able to establish a strong domestic poultry industry and diversify into untapped markets like turkey and duck meat.
Russia is now entirely self-sufficient in basic foodstuffs like poultry and eggs. 2019 saw a swift consolidation of the Russian poultry market prior to the lucrative opening of the export market to China.
However, since Russia is heavily dependent on imports in this sector, post-Ukraine invasion, Lyubov Savkina, commercial director of the Russian Feedlot agency said Russian poultry farmers face some problems with the supply of hatching eggs.
The majority of the work must be done in the turkey sector because there aren't nearly 50 million hatching turkey eggs available each year, according to Savkina.
Vladimir Fisinin, the president of the Russian Poultry Union, estimated that Russia produces 4.2 billion hatching eggs each year and imports about 300 million. However, the breeding stock is another significant area of vulnerability, necessitating the rerouting of logistics to China, India, the UAE, and Brazil.
Russian authorities intend to partially lessen the poultry industry's reliance on imported genetics by establishing a new breeding facility in the Moscow area by 2023 that will be focused on the Smena-9 crossbreed.
Sergey Yushin, executive director of the National Meat Association, said companies are working essentially round-the-clock to adjust to the new circumstances, adding that it is no longer about the price at which to buy this or that, but rather being able to buy it, in principle.
Since up to 80% of the installed equipment on Russian poultry farms is thought to be foreign-made, Russian poultry farmers will also need to break their reliance on it. The impact of this will be delayed because the majority of the equipment was installed within the last five to six years.
Consumption-wise, declining purchasing power and rising inflation are likely to result in lower protein intake.
- bne IntelliNews


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Eco-conscious consumers frequently seek “green” products, which sometimes can be difficult to find. Sustainable Minds aims to make it easier for manufacturers to deliver these products — with software-as-a-service that helps businesses design products with smaller environment impacts.
The Cambridge-based firm gives companies the opportunity to conduct real-time assessments about the potential impact of products, starting with the earliest stages of design.
“We were first to bring a product to market defining the product sustainability software category (and) influencing global software companies including Autodesk, Solidworks and Siemens to enter,” company CEO and co-founder Terry Swack said.
In 2005, Swack created The Beam, a cleantech content, community and commerce resource to help fulfill the demand for the latest green products. Swack said she noticed green building was taking off at the time, but high-quality green products were not.
“Five years ago, there was no standard definition of green. Manufacturers didn’t know what green meant, how to do it — or (failed to) see real financial benefits from making greener products,” Swack said. “Manufacturers needed to learn what to do, how to do it, and how to make money from doing it. This insight drove the creation of Sustainable Minds.”
Swack launched the company in 2007 with her own money and financial support from angel investors and 3-D design software developer Autodesk. Two years later, the firm made its first product available for testing.
“Starting a company in a space that didn’t yet exist, where there was little customer demand, and at a time just before the economy took a very deep downturn, did not make it easy to raise financing,” Swack said.
Today, the software primarily serves durable goods manufacturers, which include major names such as Caterpillar, she said.
The software is particularly geared toward electro-mechanical products, such as household appliances, housewares, consumer electronics, industrial and commercial equipment and outdoor and sporting equipment.
The software used components of life cycle assessment factor system Okala “to build an entirely new system,” said Ken Harris, co-founder of St. Louis-based industrial design firm Fred Sparks Design, a customer of the company.
The software gives industrial designers a user-friendly tool to complete impact factor analysis, Harris said. “Sustainable Minds is very effective because it can do a lot of stuff quickly on the front end,” he said.
Sustainable Minds has a staff of about 10 and is based at the Cambridge Innovation Center.


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HARARE: Tanganda Tea Company’s packaged exports grew by 100 percent in the first quarter ended December 31, 2023, owing to improved logistical arrangements.
In a recent trading update, the listed tea processor said it will focus on sustainable market diversification as it expands into the regional market.
“Packed tea sales volumes of 475 tonnes were 14 percent below 549 tonnes achieved in the prior year. Notwithstanding that the customer order book is full, a combination of packaging supply constraints, power outages and managing customers to reduce defaulting customers’ risk are among factors that resulted in a reduction in sales volumes.
“Subsequently, volumes have started to increase as constraining factors have eased and the cumulative variance has begun to narrow. Packed tea exports into the region grew by 100 percent in response to the company pursuing and supplying an opportunity that arose to penetrate the Democratic Republic of Congo.
“The late onset of the rains has adversely impacted bulk tea production resulting in a 19 percent decline in volumes to 1986 tonnes compared to 2443 tonnes produced in the prior year. Despite the decline in production, bulk tea export volumes grew by 18 percent to 1274 tonnes from 1076 tonnes achieved in previous year owing to improved logistical arrangements for more export shipments to be processed before the Christmas break”
The company says Avocado and macadamia plantations which are under precision irrigation were looking healthy and the harvest of these crops would commence towards the end of the second quarter of the financial year.
On the outlook, Tanganda said the operating environment remains volatile.
Despite the Government’s efforts to contain inflation, the prediction is for a difficult second quarter due to factors beyond the Government’s control.
These include the impact of El Nino with reduced rainfall during the agricultural season as well as the ongoing wars in the Middle East and Ukraine, which affect the raw material supply chain and lead times, and in some instances lead to higher prices which cannot be absorbed and must be passed on to customers.
The shortage of adequate power due to reduced generation capacity is another problem which remains unresolved.
The order book however remains positive and the Board remains confident of the Group’s going concern status.


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Chinese growth has fallen to levels last seen in the depths of the global financial crisis, yet it remains strong enough to convince markets that the world’s second-biggest economy may avoid a hard landing.
The increase in year-on-year GDP was logged at 8.9 per cent in the final quarter of 2011, perkier than expected and driven by strong retail sales and a jump in factory output.
The figure compared with the 9.1 per cent recorded in the previous quarter. Although it had slipped, Beijing said yesterday that growth was still within an “ideal” band and was in line with the Government’s cooling efforts.
Others agreed, judging that the figures were solid enough to confirm the “soft landing” predictions that many have clung to in recent…


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And so ends January 2015, with CES 2015 firmly in our rear-view mirror, and Mobile World Congress (MWC) 2015 just a few weeks up the road.
This week the theme was quarterly results for the final three months of 2014, and the big news was that Apple had the best quarter of any company in the history of quarters, and might’ve overtaken Samsung to become the world’s number one smartphone maker. Er, maybe.
There was more great news for Apple as we learned the Californians are officially number one in China, a remarkable feat considering how expensive the iPhone is, and in a market where home-grown phones are typically high-specced and wallet-friendly.
In Chinese smartphone news, it was suggested that the OnePlus 2 release date might be pushed back to Q3 on account of those supposed Qualcomm Snapdragon 810 overheating problems, and OnePlus unveiled its own Android ROM, OxygenOS. See you later, CyanogenMod.
As we eagerly anticipate the first wave of 2015 Android flagships, we heard that the HTC One M9 won’t look too much like the One M8; the Sony Xperia Z4 mightn’t launch till summer, but we’re cool with that; and the LG G4 was tipped to rock the highest smartphone resolution ever.
As for Samsung, we’re told (again) that Galaxy S6 TouchWiz will be significantly slimmed down, and the Galaxy S6 Edge will supposedly release in Europe as the Galaxy S Edge.
Finally, if you’re rocking a Google slate, be sure to download free Microsoft Office for Android tablets.
And that’s about the size of it for this week. Next week, expect, er, I’m not sure, actually, such is the beauty of life.
In the meantime, here’s the week’s mobile news in full:
- HTC One M9: not too similar to the One M8?
- Google Nexus 6 should’ve had rear fingerprint scanner, Apple ruined the party
- OnePlus 2 release delayed till Q3 due to overheating Qualcomm Snapdragon 810?
- Samsung files trademarks for Galaxy E3, Galaxy J3, J5, J7
- TalkTalk launches cheapest UK SIM only plan at £3.75PM
- Summer release for the Sony Xperia Z4?
- Report: Samsung Galaxy S6 Edge releasing as Galaxy S Edge, coming to Europe
- Xiaomi Mi Note: Chinese dual SIM phone sells out in three minutes
- Apple just had the best quarter ever. Of anyone. EVER
- Apple Watch release date finally confirmed: April 2015
- ZTE Blade S6 launches with decent specs and $249 price tag
- Apple is China's most popular smartphone manufacturer (1)
- HTC One M9/Hima: ‘slicker’ and ‘more refined’ than One M8
- Is this the best smartphone case ever? Kickstarter project PRINTS your pics
- LG Mobile's 2014 results: 16% annual revenue boost, but not quite a top-5 performance
- Free Microsoft Office for Android tablets finally arrives
- Google Play vs. App Store: Big G wins on downloads, but Apple’s king of app revenue
- OnePlus One metal back cover arriving tomorrow? (1)
- Huawei on Windows Phone: it’s too hard to differentiate
- Samsung Galaxy S6 software ‘slimmed down by a wide margin’
- Apple vs. Samsung in 4Q14: too close to call?
- OxygenOS: OnePlus announces its own Android ROM
- Motorola Moto G 4G price drop: £99 from Tesco starting Monday (1)
- LG G4 specs: highest smartphone resolution ever at 1620 x 2880? (1)


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CHICAGO — An Illinois has woman filed a consumer fraud lawsuit over Junior Mints, charging deception packaging because there is so little of the chocolate-peppermint candy in the boxes they come in.
There is nearly as much air as candy in the box, according to the lawsuit, filed against Chicago-based Tootsie Roll Industries, the maker of Junior Mints.
“They have created this oversized theater box and it misleads consumers because consumers believe they’re getting more candy when they purchase a box of Junior Mints than they’re actually getting,” Christopher Moon, an attorney representing the plaintiff, said Friday. “The size of the actual packaging is itself a misrepresentation.”
Tootsie Roll executives were not available for comment.
Filed on Thursday on behalf of Paige Stemm, the lawsuit seeks class-action status for what it claims is Tootsie Roll’s “misleading, deceptive and unlawful conduct” in packaging its Junior Mints, which take up only slightly more than half of their familiar cardboard box.
Stemm, of downstate Belleville, bought the Junior Mints this month at a Walgreens for about $1, according to the lawsuit.
The Junior Mints lawsuit is one of several cases brought against food manufacturers for allegedly deceptive and unnecessary empty space in packaging. Governed by federal regulation, slack fill is “the difference between the actual capacity of a container and the volume of product contained therein.”
In some cases, slack fill serves a purpose, such as the air cushion that protects potato chips from breaking in the bag. In other cases, a larger package may simply be misleading consumers, according to lawsuits against manufacturers.
“In a situation like Junior Mints, that empty space actually can increase the chances that the candies will be damaged because they move around quite a bit inside the hard cardboard box,” Moon said.
The number of federal class-action lawsuits related to slack fill in food packaging increased from 20 in 2008 to more than 110 in 2015, according to an article published last month by the American Bar Association.
» Man sues Disney after he says rat bit him at Magic Kingdom
Moon’s firm filed a similar lawsuit last week against Oakbrook Terrace-based Ferrara Candy, which makes Lemonhead, Jujyfruits, Chuckles and other brands, all of which allegedly contain deceptive empty space in their packaging.
Such lawsuits have met with mixed results in the courts.
A federal judge in Chicago last month dismissed a case against chocolatier Fannie May over allegedly excessive packaging space. The plaintiffs plan to file an amended complaint, according to court documents.
Meanwhile, a 2015 case Minnesota-based spice-maker Watkins brought against McCormick & Co., the Maryland-based spice giant, over allegedly underfilled pepper tins is ongoing in federal court in Washington.
Junior Mints have been a candy staple since they were launched in 1949. The brand was acquired by Tootsie Roll in 1993.


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According to the report, the Realme Watch 3 Pro will be released on September 6. Before its debut, the major details of the smartwatch are being teased on a special microsite on the Realme India website.
The Realme Watch 3 Pro, which will be sold under Realme's TechLife brand, is rumoured to have an AMOLED display. It is revealed to have a rectangular, black dial, and a side-mounted navigation button. The wearable may also have Bluetooth calling features, allowing users to receive and make calls directly from their wrists.
There will be the Realme Watch 3 Pro's square dial and silicone band. It is expected to sport a 1.78-inch display with a 368 x 448-pixel resolution. The screen is rated at 500 nits of brightness. Additionally, a range of colours is said to be available.
The Realme Watch 3 Pro, which is set to launch shortly, is expected to include advancements over the Realme Watch 3, which made its debut in India in July at a launch price of Rs. 2,999. The new device might cost a little more than the Realme Watch 3.
The Realme Watch 3 has a 1.8-inch TFT-LCD touch screen with Bluetooth calling capability and a resolution of 240x286 pixels. The wristband has sensors for step and sleeps tracking heart rate and SpO2 monitoring, and over 110 fitness modes for exercise tracking. For resistance to water and dust, it has IP68 certification. It is powered by a 340mAh internal battery.
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Black Friday 2015 Deals and sales: best preseason offers by WalmartÂ
Two top retailers have come out with their Black Friday 2015 toys ads. Obviously this is not the only offer from the two retailing giants in the United States. They have several products on offer at the moment, and better are in the pipeline.
As the shopping season comes closer peopleâ€™s appetite for more discounts only grows. The retailers who want to earn the biggest revenues from the season tend to continue giving baits to shoppers. Initially they start with smaller deals and as the season comes closer, the deals tend to be bigger and most significant and the best deals are reserved for the actual Black Friday.
The two retailers are not adopting a step-by-step policy towards giving deals and offers to their shoppers. There is no denying the fact that they, instead of giving away huge offers in one big day, have decided to give fans an entire season to shop and save at the same time. The offers have started to roll out from both stores on Nov. 1 and will end on Nov. 27, which is Black Friday for 2015, wherein the biggest discounts will be offered on various items.
In the meantime special Black Friday centric websites are trying to come out with each and every detail regarding the deals on offer at the moment. BlackFriday.com has come out with a long list of every item that will be available from Walmart this week, which largely focuses on toys for children. Not only are the toys perfect for the upcoming gift-giving season but they include the biggest names in children’s playtime dictionary: Frozen, Star Wars, Disney, and many more.
A very attractive offer from Walmart is the new Barbie Dreamhouse. A very popular product, it is available every day for $167 and other Barbie dolls are also on sale, including Barbie Spin n’ Ride, which saves $5.44 as it is now available for only $24.44.
Then there are some great offers for gamers too. It is giving away the PlayStation 4 “Star Wars Battlefront” bundle that features 500 GB for only $349. It seems Walmart is taking gaming seriously as it also offers the Nintendo Wii U “Mario Kart 8” Deluxe bundle for only $299. But there are rumors that the product will be available at around $255 on actual Black Friday that falls on November 27.


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New Study Says This Workout Is 3 Times Better For Your Health Than Walking!
Walking is beneficial but doesn’t provide the same health benefits as exercise. However, getting in your daily steps is a great beginning. These days many people wear a Fitbit or an Apple watch to monitor their daily step counts. And then, they try to hit 10,000 steps daily to improve their health and stay fit.
A Workout that is three times better for your health & fitness than walking
Read here a new study about a “three times better workout” for your health and fitness than walking.
Undoubtedly, walking is an excellent form of exercise. It’s easy. You require no membership or expensive equipment to start and can do it anywhere. And for many people, reaching a specific daily goal, be it 7,000 or 10,000 steps, is good enough to keep them healthy and in good shape.
However, a new research study has found a workout more effective for your health than walking and about three times as beneficial as those daily strolls.
The Framingham Heart Study (2021) followed 2,070 adults and tracked the amount of exercise they performed using accelerometers. According to this study published in the European Heart Journal, moderate or vigorous exercise—defined as a pace of between 100 to 129 steps per minute or over 130 steps per minute, respectively—was ideal for the participants’ well-being and overall health. And it’s three times more beneficial than casual walking (defined as taking 60 to 99 steps per minute). (Source)
The study’s lead author, Matthew Nayor, MD, MPH, a cardiologist at Boston Medical Center and assistant professor of medicine at Boston University, reported:
“We were surprised to find that higher amounts of moderate-vigorous physical activity, like exercise, was more effective as compared to walking in improving the body’s ability to start and sustain lower levels of exertion.”
Nayor further added: “If your goal is to slow down the inevitable decline in your fitness level that occurs with aging or to improve your fitness level, doing at least a moderate level of exertion [through intentional exercise] is over three times more effective as compared to just walking at a relatively low pace.”
What’s more, it was also found that more vigorous physical activity can actually fight some of the health issues related to a sedentary lifestyle.
Nayor further says: “We found that persons with higher-than-average steps per day, or moderate-vigorous physical activity, had higher-than-average fitness levels, irrespective of how much time they spent sedentary. Thus, it appears that much of the negative effect that being sedentary has on fitness may also be offset by performing higher levels of physical activity and exercise.”
So if you’re aiming to improve your overall well-being and fitness level, you don’t necessarily need to get into a hardcore exercise routine — you might pick up the walking pace a bit.
About Author: Renu Bakshi, AKA Fitness Buffhq, is ISSA Certified Elite Trainer. He passed Personal Fitness Trainer Course, Nutrition Health Coach course & Specialist Exercise Therapy course from ISSA, USA obtaining + 97% marks. He shares his experience and knowledge about nutrition and effective workouts to get you in the best shape of your life, no matter how old you may be. The author says, ” Age is just a number!”


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The Festival: Mashrou’ Leila to Perform at Inaugural Edition of AUC Food Fest
While many are quick to point out the increasing number of food festivals that are popping up across Egypt, it really should come as no surprise. It’s become a cliché on Cairo 360, but we really are a nation that loves to eat and so the advent of the food festival seems like a natural step – the only thing better than food, is lots of food all in one place.
It’s not as simple as that, of course, and the various gastronomic gatherings are peppered with other features – entertainment, music, shopping vendors and other activities – things that the American University in Cairo have lined-up for the inaugural edition of their own ode to food, The Festival.
Set to take place on Friday 18th of March, The Festival is tapping into the growing food and beverages sector in Egypt. Yes, we’re a country that loves food, but the food festival trend is as much a reaction to the burgeoning and increasingly eclectic food field in the country as much as it is catering to our shared food-based instincts.
The event is set to take place at the AUC New Cairo campus and will bring together food vendors from all walks of life – from pizzas and burgers, to Oriental food and desserts, with the cherry on top of this carnival of cuisine a performance from the biggest band in the Middle East, Mashrou’ Leila.
The Lebanese alt-rockers, who will arrive in Egypt as part of a tour promoting their latest album, Ibn El Leil (Son of the Night), are promising a special show – one that was designed specifically for the London’s Barbican Centre for the Performing Arts – with a new sound that will be presented as an audiovisual experience of sorts.
All in all, it’s shaping up to be a huge day for food and music fans alike.
For more information, click here.


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Mike Oranga, Assistant Secretary General of the Kenya Union of Commercial, Food and Allied Workers (KUCFAW) says more workers are employed as “flexi-timers” and may struggle to adapt to new technologies.
How are retail workers in South Africa affected by technological changes? Read our interview with Joyfull Mnguni of the South African Commercial, Catering and Allied Workers Union (SACCAWU), and know the possible trade union responses to these challenges.
We support the capacity of UNI Global Union affiliates in Africa to monitor and influence the activities of South African multinational companies. Unions are increasingly working to ensure that MNCs comply with existing Global Framework Agreements and the Decent Work Agenda.


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THE SEAT 600 is celebrating its 60th anniversary this year and to mark the occasion, a 30-strong team from the Spanish manufacturer have hand- restored and modernised one of the convertibles.
More than 1,000 original spare parts were used and 1,500 hours spent taking it completely apart and restoring each element. One of the greatest challenges, said Ángel Lahoz, an engineer at the Seat Technical Centre who was responsible for the project, was to find the parts.
The convertible, built in 1965, had been bought by a private individual and left sitting for 25 years, so it needed painstaking electronic and mechanical work, said Lahoz, who added: ‘The final result is almost better than when it originally left the factory.’
The restoration used 15 litres of paint and 50 metres of exclusive houndstooth fabric, and Jordi Font, head of colour and trim at Seat, said the bluish-grey paint colour was ‘absolutely on trend and reminiscent of the first 600s that came out’.
He added that the fabric represented ‘an allegory of the famous houndstooth pattern in black and white that echoes a time past’.
The manually-operated sliding roof is seen as a particular stand-out feature, while the steering wheel and horn button are the originals.
The restored 600 was put on show at the Barcelona Motor Show in May.
Following its launch in 1957, the Seat 600 became a social phenomenon, and for many middle-class families their dream of buying their own car for a reasonable price finally came true.
It was such a success that in 1958, production was multiplied six-fold.
The model was produced until 1973 and nearly 800,000 units were sold in all.
Seat is the only company that designs, develops, manufactures and markets cars in Spain.
Now a member of the Volkswagen Group, the multinational has its headquarters in Martorell in the province of Barcelona.
It exports 81 per cent of its vehicles, and has a network of 1,700 dealerships in more than 80 countries.
In 2016, Seat posted an operating profit of £124 million – the highest in the history of the brand – and notched up global sales of nearly 410,000 vehicles.
The Seat Group employs more than 14,500 people at its three production centres – Barcelona, El Prat de
Llobregat and Martorell, where it manufactures the highly successful Ibiza and Leon.
Additionally, the company produces the Ateca and the Toledo in the Czech Republic, the Alhambra in Portugal and the Mii in Slovakia.
Its technical centre operates as a knowledge hub that brings together 1,000 engineers who are focused on developing innovation for Spain’s largest industrial investor in research and design. Seat already features the latest connectivity technology in its vehicle range and is currently engaged in the company’s global digitalisation process to promote the mobility of the future.
On SuperUnleaded.com: This unbelievable Lego project is actually a working six-speed gearbox!


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AnTech is pleased to announce that it has won Small Business of the Year in the 2016 Express & Echo Business Awards. Now in its sixth year, the business awards recognise the most successful companies and individuals in the Exeter area.
ANTECH WINS SMALL BUSINESS OF THE YEAR
3rd May 2016
Back in March, AnTech was shortlisted in the Small Business of the Year category alongside, Bluegrass Computer Services, Cosmic, Hanlons Brewery, The Exeter Dental Centre and Van Guard Accessories. The judging panel was made up of six renowned judges who had the tough task of whittling down nearly 100 entries.
April arrived and more than 300 guests gathered on Friday 8th at Sandy Park to celebrate and find out the winners of this year’s business awards. The black tie event showcased inspirational success stories from industry leading companies and individuals from across the region.
Following a three-course dinner, the awards ceremony began and was co-hosted by Judi Spiers, BBC Broadcasting and Patrick Phelvin, Echo Editor. After several category winners had been revealed it was finally time for Small Business of the Year. AnTech was announced as the category winner and Zoe Williams, Sustaining Engineer said “It was very exciting to be able to go up and collect the award on the behalf of AnTech! It was also lovely to see so many enthusiastic Devon based businesses cheering each other on”.
“This was the first time that we had entered and to reach the final is great recognition of our people and technology within the company. We thoroughly enjoyed the evening with excellent speakers and an outstanding live band.” said Katie Maynard, Senior Marketing Executive.
This award further highlights the innovative and niche technology that AnTech produces which was also recognised last autumn in the National Private Business Awards.
The sponsors who kindly supported this year's award were, South West Communications Group, Exeter City Council, Pavey Group, Exeter Chamber of Commerce, Kitsons, Exeter College, Devon County Council, Great Western Railway and the Virtual Jet Centre.
To find out more about the awards please visit: Express & Echo Business Awards.
Benjamin Brooking, Head of Engineering, Zoe Williams, Sustaining Engineer alongside Judi Spiers and Patrick Phelvin
+44 1392 933 100 | +1 800-868-1562


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Industry rumours suggest that Apple is looking to produce original content, which will be available to Apple product owners via an online video-streaming service. Though it has not been officially announced by the technology giant, a report by Variety stated that the company has engaged in early discussions with Hollywood executives around the possibility of producing original TV series and movies.
This places Apple in competition with online streaming service providers such as Hulu, Netflix and Amazon; as well as various TV networks. Netflix in particular has achieved international success with its original series House of Cards and Orange is the New Black, which are available only to Netflix subscribers in the US, though the shows air on television in international territories. Should Apple go the same route, exclusive availability of content on its devices is likely to further enhance consumer loyalty.
Apple has already seen financial success in providing apps, music, movies and TV episodes through its already established platforms: the iTunes Store, the newly released Apple Music streaming service and the App Store. While some are of the opinion that original content would complement this media ecosystem; others question the company’s ability to stay focused with so many global ventures on the go; and many have speculated that Apple is purely exploring the prospect and may never move forward with the service.


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Textbook publisher Pearson suggests blockchain tech could let it take a cut of secondary textbook sales, capturing a section of the book market that's so far escaped it. As quoted by Bloomberg , Pearson CEO Andy Bird believes non-fungible tokens, or NFTs, could help publishers make money off textbook resales, although he stopped short of describing concrete plans. "In the analog world, a Pearson textbook was resold up to seven times, and we would only participate in the first sale," said Bird after the company announced its latest quarterly earnings this week. "The move to digital helps diminish the secondary market, and technology like blockchain and NFTs allows us to participate in every sale of that particular item as it goes through its life." Bloomberg suggests this would mean letting buyers resell ebooks, something that's so far been a rarity in the publishing world. It's not clear how, when, or if NFTs might show up in Pearson's catalog. But they could mark a new stage in a long-standing publishing war. Thanks to legal concepts like the first-sale doctrine , physical book buyers typically own the media they've purchased outright, and they're allowed to sell it without the original publishers making… Read full this story
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