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Just Eat suffers slowdown in UK sales growth but strong demand globally boosts earnings expectations
Online takeaway firm Just Eat saw its UK sales increase by 28 per cent in the three months to September, but that was a slowdown from a 50 per cent rise a year ago.
The FTSE 250-listed group said its quarterly UK sales had fallen amid a 'significantly warmer and drier' summer, but it still upped its full year earnings outlook thanks to strong demand worldwide.
Globally, 33.3 million customers ordered a meal using Just Eat in the last quarter, up 34 per cent year-on-year.
Less tasty: Online takeaway firm Just Eat saw its UK sales increase by 28 per cent in the three months to September, but that was a slowdown from a 50 per cent rise a year ago
The group increased its full year revenue expectations to £371million from £368million, and also upped its underlying earnings expectations to between £109million and £111million.
But Just Eat's shares fell 2.9 per cent in late morning trading, off 16.0p to 545.0p as the slowdown in UK order growth overshadowed the profit guidance hike. The UK accounts for 64 per cent of group-wide revenues.
But Michael Stewart, an analyst at broker Panmure Gordon said: 'With UK and total order growth in-line with our expectations, we leave our FY2016 estimates unchanged and reiterate our Buy recommendation and PT of 734p.'
Just Eat said, over the last quarter, 80 per cent of its UK orders were made on smartphones, marking a 74 per cent increase on a year ago, while 46 per cent of UK orders were made using Just Eat's app.
David Buttress, Just Eat's chief executive, said the group had delivered another quarter of 'strong order growth.'
He added: 'Whilst we continue to invest in a number of technology and marketing initiatives and are starting to see the benefits of these in many of our markets, we have continued to focus on delivering the best possible service to our restaurants and customers.'
Big appetite: Globally, 33.3 million customers ordered a meal using Just Eat in the last quarter, up 34 per cent year-on-year
Just Eat unveiled a refreshed brand design in September as part of a revamp that saw it launch a new-look website and app, as well as a new 'chatbot' offering food and restaurant tips.
Just Eat offers food deliveries from 62,800 restaurants in 13 countries.
Since last week's landmark legal ruling on driver's pay and conditions against online taxi provider Uber, it has been suggested that the principle of free home deliveries could come under threat.
But, unlike rival takeaway firm Deliveroo, Just Eat relies on restaurants rather than its own drivers to complete orders.
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Meals on Wheels gets check for new food delivery truck
Food delivery truck on the way
WICHITA FALLS, Texas (KAUZ) - Commissioner Mickey Fincannon presented Jackie Hamm, CEO of The Kitchen, with a check on behalf of the Wichita County Commissioners Court to help them kick off a program they’ve had in mind for the past five years.
The check, for $195,500, will be used to purchase a food delivery truck. Hamm said they already have an idea of who this will impact the most.
“We have people that are out there in the rural areas that again don’t have access to services and are unable to come into town. It may be transportation or anything,” Hamm said.
Meals on Wheels is hoping to have the truck up and running by June 1. Hamm said they are creating a waiting list.
Copyright 2022 KAUZ. All rights reserved.

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The owners of a Leeds chippy have admitted they couldn’t have taken over a chippy at a “worse time” with the ever-rising cost of fish, which has “quadrupled” in price.
Tingley Bar Fisheries first opened in 1945, according to owners Dave Sykes, 32, and Mark Beever. They took over the business in March, just as Brexit, Covid-19 and Russia's invasion of Ukraine all combined to make a massive impact on the cost of getting fish from overseas following the chippy closing down in February.
Wakefield man Dave decided to take over the shop in Bridge Street in this challenging time as not only did he think fish and chips were a “staple” British takeaway dish, he felt it was important to retain part of Tingley’s history by keeping the fish shop operating.
Dave and Mark, have an eye for business and worked out a 'foolproof' plan to keep takeaway profitable. The pair, who also own bars Mex Bar in Wakefield and The Prospect in Ossett, have expanded the range of what the shop sells.
They’ve added hot and cold sandwiches in the mornings, jacket potatoes, toasties and kebabs, pizzas and burgers in the evening to the menu.
But Dave is quick to add that Tingley Bar Fisheries is still a traditional chippy and they haven’t skimped on the quality of their trademark dish, which is made in “proper beef dripping”.
'Fish has literally quadrupled'
Dave said: “We’ve been expanding the range but we’re a proper traditional Yorkshire fish and chip shop. We couldn’t have really took over a fish shop at a worse time. Fish has literally quadrupled in the last year with everything that’s going on with the Russia situation.
“It’s always been staple in British food, especially British takeaways. I’m not from the area but history is important, it’s important to keep it there. If I didn’t purchase it, it would have probably been turned into something else, another type of takeaway venue."
The sanctions levelled against Russia for invading Ukraine caused import prices of fish from all other locations to surge, according to the National Federation of Fish Friers (NFFF), as so many shops depended on Russian-caught fish. So now the demand for fish from other locations is far higher.
The business duo have also made changes to the exterior of the shop to get more customers in. Dave said the sign needed changing as “a lot of people didn’t realise it was a fish shop”, it now reads 'Tingley Bar Fisheries & Sandwich Shop'. He's also commissioned an artist to do artwork around the shop front. Plus he’s planning on getting the business on Just Eat.
Dave adds that he’s learned a lot about the business since opening, with old regulars coming in and telling them about the history of the shop. Ever since he opened, he’s said it’s been a success with customers happy with the quality of the food.
Dave said: “We’ve actually had customers coming in and telling us the history of the shop. It’s called Tingley ‘Bar’ because it [Bridge Street] used to be the toll road into Morley.
“We had someone coming in whose great-grandad first opened it, before 1945. They said it was just like a hut in the road where he sold fish and chips.”
Dave has said his staff have been “really good” since he opened. Dave and Mark's partners, Jamie-Lee Sowden and Nicola Beever, respectively, have also been really supportive and a big part of the business. Plus, Dave promises “high quality and decent portions” to those who wish to visit, while “trying to keep the price down for people”.


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Samsung Announces HMD Odyssey VR Headset, Acer Opens Windows Mixed Reality Headset Preorders
The latest OEM to open preorders is Acer, with its dryly named "Windows Mixed Reality Headset". Acer says that its Head Mounted Display (HMD) works straight out of the box with Windows Mixed Reality-ready PCs, supports six degrees of freedom, and comes equipped with a 13-foot cable to give you more freedom when navigating virtual worlds. In addition, the dual 2.89-inch display screens within the 1.34-pound HMD provide a resolution of 1440x1440 to each eye at up 90Hz.
Acer Windows Mixed Reality Headset
“Mixed reality may usher in one of the biggest transformations of our time. Acer is thrilled to be a part of this revolution by bringing our customers this intuitive and exciting way to experience an alternate world with our mixed reality headsets,” said Eric Ackerson, Acer America senior manager, product marketing and brand management. “Mixed reality offers a plethora of fun and engaging content that is continually evolving. It promises to shape our lives in profound ways in the years to come with its potential for new and more immersive means to learn, collaborate, work and play.”
Acer's Windows Mixed Reality Headset is available for preorder right now for $399, and comes bundled with two wireless motion controllers. The set will ship on October 17th.
In other news Windows Mixed Reality news, Samsung has pulled the wraps off its own headset: the HMD Odyssey. The HDM Odyssey raises the bar for Windows Mixed Reality headsets with dual 3.5-inch AMOLED displays with a resolution of 1440x1600 each. The HMD also includes integrated AKG 360 headphones with spatial surround sound, a 110-degree field of view, and can be paired with two Microsoft wireless motion controllers.
"Samsung is committed to working across platforms to build cutting-edge technology, and we’re excited to partner with Microsoft to shape the future of virtual reality," said Alanna Cotton, Vice President and General Manager, Samsung Electronics America. "But most of all, we can’t wait for you to take the Samsung HMD Odyssey out for a spin, and see it for yourself.”
The Samsung HMD Odyssey is priced at the higher end of the Windows Mixed Reality spectrum at $499, which is to be expected with its upmarket feature set.


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Takeover deals cut in half
INVESTMENT banks have this year seen the smallest number of takeover bids and deals in the first quarter since 1996. The total value of deals has dropped by nearly half over the past 12 months, according to Dealogic. The value of deals announced between January and March this year was $261bn (£183bn) against $495bn in 2001, down 47%.
The biggest fall was in the US where the value of deals fell by 57% to $89bn. In Europe the fall was 34% to $112bn.
Credit Suisse First Boston topped the global league table of advisers.
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NBA Live 19 update 1.06 is now pushing out for players on PlayStation 4 and Xbox One. According to the official NBA Live 19 1.06 patch notes, the new update addressing issues with records in Head 2 Head, create-a-player clothing, gear conflicts, and NBA combine ratings. Apart from this, NBA Live 19 version 1.06 also includes stability and performance improvements.
Recently, update 1.05 was released with various bug fixes and improvements. Unfortunately, since the last patch, many players were experiencing a number of issues when trying to play the game. Today’s NBA Live 19 version 1.06 update is expected to fix all these issues. Check out more details below.
NBA Live 19 Update 1.06 Patch Notes
- Teams appearing with incorrect records/standings (online H2H) are now fixed with NBA Live 19 version 1.06.
- Home/Away jersey color sorting – only white and grey tops will appear on the home side
- Various create-a-player clothing item sorting issues fixed
- NBA Live 19 1.06 added new brands to create-a-player sorting option
- Gears conflicts added: cannot equip long socks with calf pads, jeans, or joggers; cannot equip joggers or jeans with ankle braces
- NBA Combine game ratings fixed – now reflecting tip-off ratings
- Dwyane Wade (MIA), DeAnthony Melton (PHO), Thomas Welsh (DEN) added to their respective teams after recent transactions
- Emeka Okafor (FA) and Brandon McCoy (FA) added to Free Agent pool after being waived
- NBA Live 19 1.06 added Thomas Robinson (ATL), Damion Lee (GSW), and Shaquille Harrison (PHO) to the game.
- WNBA ratings updates (boosts to top playoff performers)
- Multiple NBA players saw their jersey numbers changed to reflect recent transactions and changes
- Shoes and gear have been updated for a number of players with NBA Live 19 1.06.
- Gameplay tuning for stepback/one-on-one Anklebreakers
- Gameplay tuning for various shooting Traits
NBA Live 19 update 1.06 on PS4 and XBox One is now available for download.


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James Emejo and Folalumi Alaran in Abuja
The Federation of Agricultural Commodity Associations of Nigeria (FACAN) said it is in total support of the Central Bank of Nigeria’s (CBN) position on repatriation of export proceeds to boost liquidity in the foreign exchange market.
It also called on the apex bank to further strengthen the policy to allow exporters unfettered access to their, “hard-earned foreign exchange proceeds,” going forward.
Speaking at a media briefing, FACAN National President, Dr. Victor Iyama said, “some exporters have gone underground in order to stay afloat while some will not repatriate their forex earnings and some have resulted to smuggling”.
He added: “It is our considered view that any exporter who refuses to comply on 100 per cent repatriation of export proceeds into the country should be treated as an economic saboteur and sanctioned accordingly as we in the league of exporters are ready to enforce it.”
He argued that allowing exporters unrestricted access to their export proceed will among other things lead to increased revenue to the country, reduce smuggling activities, improve forex earnings, reduce corruption as well as improvement in the country’s balance of trade.
Iyama said: “Exporters source for their produce from local buying agents/aggregagtors/merchants at just a little margin below the international market price as an act of sacrifice. Yet, our exporters still buy from these agents/aggregagtors/merchants at those prices just to remain in businesses and when the proceeds of export are repatriated through commercial banks, exporters are forced to accept the repatriated proceeds at a predetermined bank rate of say N385 to $1, while the parallel market i.e. Bureau De Change sell the foreign exchange majorly sourced from the same CBN at N465, thereby shortchanging the exporters by a margin about N80.”
He said: “The nation’s economy is therefore being deprived of the much needed foreign exchange as a result of this obnoxious arm-twisting of all repatriated funds of the exporters, Nigerians in diaspora and foreign investors.”
According to him, FACAN which comprises of 55 registered commodity associations along the value chain had over the years contributed greatly to the economic growth of the country through the generation of forex to the economy from non-oil export exchange proceeds.


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All the latest PC gaming news in MMORPG, FPS, & RTS.
Are these the new WoW expansion races?
WoW.com have posted what they belive to be the next playable races in the next WoW Expansion believed to […]
15% Off All Geektown T-Shirts Sale!
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Stumbled across this over on YouTube, and just had to post it. It’s an interview with some of the folk at Bioware showing gameplay and […]
There are 3 MMOs i’m really really looking forward to over the next 12/18 months. Stargate Worlds (which has been worryingly quiet of late), Star […]
As long as there has been internet availability in the UK there have been gamers who`ve wanted to frag each other 24 hours a […]
New Marvel MMO in development
News crept out onto the interwebs today that Gazillion Entertainment, publisher of a bunch of Marvel game titles including the resurrectedÂ […]
Indiana JonesÂ® and the Fate of Atlantis coming to Steam this month
So that’s what got the LucasArts Twitter team all excited yesterday!Â LucasArts have partnered […]
New Monkey Island is coming, but what else?
Oh LucasArts you tease! LucasArts have announced on their twitter feed that they’ve got a big exciting announcement […]
Brotherhood of Steel Fallout 3 Costume
Some people really love their costumes, and this guy is no exception! This superb Fallout 3 Brotherhood of Steel cosplay […]
Well this just looks like it’s gonna be 100 kinds of awesome!
Telltale Games have teamed up with LucasArts to bring some new stories from the legendary Monkey Island! Telltale will be bringing Guybrush Threepwood, evil pirate […]
I love what Valve does with the Team Fortress 2 ‘Meet The…’ videos, and they just get better and better. I’ve not been on TF2 […]
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Einstein said it should speak peace unto nations, Goebbels made sure it spoke war, but radio had little say at all at Berlin’s International Radio Show (IFA) this past week.
3D TVs, smartphones, tablets and cameras dominated, but I was still able to track down some rare wireless specimens for the Personal Technology column in the FT’s Business Life section. Read more
The International Radio Show (IFA) in Berlin is a misnomer these days, considering it now bills itself as the world’s biggest consumer electronics show and is stuffed with 3D TVs, home appliances, digital cameras and computers.
Radios are an endangered species at a show they monopolised when it first opened in 1924 as the Great German Radio Exhibition. But there were still a handful on display as I found out researching my first Personal Technology column for Business Life. Details of the “best in show” after the jump. Read more
Pure, the market leader in internet radios in the UK, has just announced its British invasion of the US will begin with the launch of three models on July 1.
The subsidiary of chipmaker Imagination Technologies, in which Apple and Intel have a combined 27 per cent stake, gave me the US version of its Evoke Flow model to try out and its performance and features suggest Pure can give established players Logitech, Roku, Livio and Grace a run for their money in America. Read more


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Blog: The just-drinks Weekly Round-Up
Olly Wehring | 15 September 2014
On just-drinks last week:
- We started with a bang in spirits on Monday, as William Grant & Sons announced its acquisition of Drambuie from the MacKinnon family. While the winning suitor was never really in doubt - our brown spirits commentator,Ian Buxton, took a punt back in May - that as progressive a spirits company as William Grant should move for such a dusty brand is still a surprise.
- Here in the UK, the wine folk of Argentina, Chile and South Africa came over for the second annual Wines of the Beautiful South tasting event. One year on from its inaugural appearance, and the event has come on leaps and bounds.
- The global brewing industry was rocked over the weekend by reports linking SABMiller with a takeover of Heineken. While neither side would comment yesterday, Heineken confirmed the claims this morning, Has SABMiller shown its hand in its face-off with Anheuser-Busch InBev? Is the endgame about to start? Take your seats!
- In soft drinks, our regular commentator Ray Rowlands turned his attention to Russia, while The Coca-Cola Co's launch of Coke Life in the UK this month also came under the microscope.
Today is SABMiller's final day. Some time this evening, Brussel's time, the second-biggest brewer in the world will be subsumed into the biggest, creating a beer behemoth of unprecedented proportions....
No, this is not PepsiCo's new ad slogan for its Mountain Dew brand....
Major wine players flocked to China ready for online giant Alibaba's 9.9 Global Wine and Spirits Festival, which took place on 9 September....
In May, Heineken's CEO, Jean-François van Boxmeer, called Vietnam the "poster child" for international beer thanks to strong demographics and growing demand....
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- Global Wine Market 2016-2020
- Global RTD insights - market forecasts, product innovation and consumer trends


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Could Toys R Us be making a comeback? According to court documents obtained by The Wall Street Journal, a planned auction to sell the brand rights for the company has been canceled.
The auction would have included brand names for Toys R Us, Babies R Us, their websites and signature mascot, Geoffrey the Giraffe.
It appears, according to the court documents obtained by the WSJ, that a reorganization plan is in the works.
“A new, operating Toys ‘R’ Us and Babies ‘R’ Us branding company that maintains existing global license agreements and can invest in and create new, domestic, retail operating businesses," the documents said.
The business has not yet commented publicly on the possibility of a comeback, and it’s unclear how many previous stores would be a part of the revival, or what that restructuring looks like.


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Beth Beans Gilbert
Fred Beans Automotive Group
“I find fulfillment in bringing talented individuals into the automotive industry, especially those who previously did not consider this path. I have prioritized mentoring women, mostly by recruiting them and supporting their advancement at Fred Beans Automotive Group.”
(New York, NY, October 18, 2022) – The nomination of Beth Beans Gilbert, president of Fred Beans Volkswagen of Devon in Devon, Pennsylvania, for the 2023 TIME Dealer of the Year award was announced today by TIME.
Gilbert is one of a select group of 48 dealer nominees from across the country who will be honored at the 106th annual National Automobile Dealers Association (NADA) Show in Dallas, Texas, on January 27, 2023.
The TIME Dealer of the Year award is one of the automobile industry’s most prestigious and highly coveted honors. The award recognizes the nation’s most successful auto dealers who also demonstrate a long-standing commitment to community service. Gilbert was chosen to represent the Pennsylvania Automotive Association in the national competition – one of only 48 auto dealers nominated for the 54th annual award from more than 16,000 nationwide.
“I find fulfillment in bringing talented individuals into the automotive industry, especially those who previously did not consider this path,” nominee Gilbert said. “I have prioritized mentoring women, mostly by recruiting them and supporting their advancement at Fred Beans Automotive Group.”
A 1986 graduate of Hood College in Frederick, Maryland, Gilbert always knew she wanted a career in the retail automotive business. She was inspired by her father, Fred Beans, who founded his dealership group in 1975, and she has been an integral part of the company’s growth.
“At 12 years old, I accompanied my father to work in one of his stores, where I filed paperwork,” Gilbert said. “After that, I wrote him a letter saying I wanted to be a top dealer just like him. I was drawn to the genuine love he has for his work.”
After college, she attended the NADA Academy and traveled the country to learn all aspects of the automotive business. By 1991, Gilbert was named general manager of Fred Beans Mitsubishi and was instrumental in bringing the Saturn franchise into the family dealership group.
“When I read about Saturn and its approach to selling cars, I knew I wanted to be affiliated with the brand and adopt its focus on both the customer experience and the community,” she said. Gilbert became general manager of both Saturn of Doylestown (Pennsylvania) and Saturn of Devon in 1993, the latter of which became Fred Beans Volkswagen of Devon in 2005.
She took over her current position as vice president of the Fred Beans Automotive Group in 1997 and today, works with her father, two sisters and husband in running the family enterprise that includes 23 dealerships in Pennsylvania and New Jersey representing 18 brands. “My role is to ensure the long-term viability of our company by focusing on the experiences of all involved – from our nearly 1,800 employees to customers to community partners,” Gilbert said.
Gilbert has long recognized the company’s reliance on the success of its employees. To that end, she spearheaded a healthy living program in 2018 that includes resources and fitness challenges throughout all Fred Beans locations. She also established a committee that raises funds to help employees in dire need.
All of these efforts have contributed to Fred Beans Automotive Group’s recognition by the Philadelphia Business Journal as one of the Best Places to Work and Healthiest Employers in the Greater Philadelphia area.
“I can attribute so much of my own success to having my father as a mentor,” Gilbert said. “I say that my dad is the visionary, and I am the implementer, but I have had my own ideas over the years.”
One such brainstorm was to add an AutoExpress franchise to her company’s portfolio. She now oversees two of these quick-service centers in Langhorne and Doylestown, which provide a faster alternative to dealer-based service models.
Gilbert joined the Auto Dealers Association of Greater Philadelphia early in her career and continues to serve the group by interviewing candidates for their technical school scholarship program. She also participates in the association’s Auto Dealers CARing for Kids Foundation annual new-coat drive.
As president of the Fred Beans Charitable Trust/Foundation, she is proud to give back to the communities where her dealerships conduct business. The foundation was established to support regional initiatives and organizations that provide important services and those that improve the quality of life through education, the arts, and health and fitness.
“We have donated nearly $2 million to the YMCA of Bucks County for recent renovations and expansion projects and $1 million to Doylestown Hospital for its new Cardiovascular and Critical Care Pavilion,” Gilbert said. “The foundation also provides annual scholarships and aids municipalities by purchasing new vehicles for police.”
To fight hunger during the pandemic, her company launched the Fred Beans 500,000 Meals Challenge in May of 2020, which dedicated a portion of sales and service bills to provide groceries for food pantries throughout the regions where Fred Beans operates. And the dealerships continued the program in 2021.
Gilbert has also served the Michener Art Museum; Doylestown Health Foundation; Central Bucks Regional Police Foundation; and Central Bucks School District; among others.
“We know we would never do well if our community was not doing well,” she said. “Leading by example and guided by strong family values of compassion, citizenship and responsibility, our family aims to make an impact with intentional giving at the local level.”
Dealers are nominated by the executives of state and metro dealer associations around the country. A panel of faculty members from the Tauber Institute for Global Operations at the University of Michigan will select one finalist from each of the four NADA regions and one national Dealer of the Year. Three finalists will receive $5,000 for their favorite charities and the winner will receive $10,000 to give to charity, donated by Ally.
In its 12th year as exclusive sponsor, Ally also will recognize dealer nominees and their community efforts by contributing $1,000 to each nominee’s 501(c)3 charity of choice. Nominees will be recognized on AllyDealerHeroes.com, which highlights the philanthropic contributions and achievements of TIME Dealer of the Year nominees.
“For over 50 years, TIME has been committed to recognizing the impact of automotive dealers on their communities with the TIME Dealer of the Year award," said Edward Felsenthal, editor in chief and CEO, TIME. "We are proud to continue the legacy of honoring these works of service with our partners at Ally.”
Doug Timmerman, president of dealer financial services, Ally, said, “Auto dealers across the country who are nominated for this award each year are committed to not only doing it right and leading in a rapidly changing automotive industry but to strengthening their communities through giving back. The TIME Dealer of the Year program celebrates dealers who are the role models of the retail auto industry for their continuous efforts to lift up and support their employees, customers and communities.”
Gilbert was nominated for the TIME Dealer of the Year award by John Devlin, president of the Pennsylvania Automotive Association. She and her husband, Christopher, have four children.


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IPO not in NanoDynamics future
- Tracey Drury
- Business First
NanoDynamics Inc. has changed its plans for an initial public offering.
The Buffalo company requested a withdrawal Nov. 9 of its registration statement with the Securities & Exchange Commission. The letter signed by CEO Keith Blakely gave no details or explanation, other than the company has decided not to pursue the offering at this time.
Blakely was not available for comment Monday morning.
NanoDynamics filed an initial registration with the SEC in May, with plans to raise $78.1 million through the sale of 6.5 million shares of common stock at a price of $12 to $14 each. Plans called for using the proceeds to expand its manufacturing facility, along with funding research and development and purchasing equipment.
The filing was postponed in August, when the company blamed poor market conditions. A spokeperson for the company had previously said NanoDynamics would continue to monitor the financial markets. The registration statement filed with the SEC had not been declared effective, and no shares of the company's common stock had been sold, according to the withdrawal request letter.
Founded in 2002, NanoDynamics makes solid oxide fuel cells, water filters and other advanced materials related to nanotechnology. The company has four facilities in Buffalo, Potsdam, Pittsburgh and Columbus, Ohio, with about 108 total employees, including 84 in Buffalo operating from a site on Fuhrmann Boulevard. According to the S-1 filing, over the past five years the company had revenues of about $8.8 million, and net losses of nearly $34 million.
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The total number of private sector enterprises in Scotland increased by 1.9 per cent to 296,780 in the 12 months to March 2010 according to new Scottish Government statistics.
e rise was driven by a 4.6 per cent rise in unregistered rms - those that have an annual turnover below the VAT threshold and do not have employees.
e number of registered enterprises - those registered for VAT and/or PAYE - decreased by 0.6 per cent.
Between 2000 and 2010 the total number of enterprises has increased by 24.8 per cent - over 59,000 enterprises.
e number of small and medium enterprises (SMEs) in Scotland increased by 1.9 per cent to 294,525. SMEs represented 99.2 per cent of enterprises and accounted for 52.9 per cent of employment and 37.4 per cent of turnover.
Registered enterprises with ultimate ownership outside Scotland represented 3.1 per cent of enterprises and accounted for 34.4 per cent of employment and 56.2 per cent. ¦


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European sports brands such as FIFA, the Tour de France and Manchester United are taking a focused yet wide reaching approach to licensing strategies.
The Fabulous Beekman Boys are continuing to expand their lifestyle brand Beekman 1802 with the help of licensing agency Brand Central.
After losing her crown to Disney’s Frozen characters in 2014, Barbie is back at No. 1 on the National Retail Federation’s Top Toys list for the 2015 holiday season.
Artist Debra Valencia's new 2015 holiday collection of bath and beauty products is now available at Walmart and Rite Aid in the U.S.
Build-A-Bear Workshop has kicked off the holidays with a number of seasonal offerings The Grinch and his sidekick Max as well as all eight classic reindeer characters.
The Disney Store has launched its Share the Magic holiday campaign, featuring 11 full days of Magical Friday (a.k.a. Black Friday) deals, as well as in-store events.
The British home goods store Butlers is spending a second holiday season with Peanuts, featuring a special edition Christmas collection.
Art and design brand Santoro opened its first permanent retail location on the historic Milsom Street in Bath, England, last week.
Although nearly 60 percent of holiday shoppers have already begun their seasonal shopping, millions more are holding out for the biggest holiday shopping weekend of the year.
Toy sales are on the rise worldwide heading into the fourth quarter, according of to The NPD Group, with an increase of 7 percent reported across 11 global markets.
Viz Media has partnered with the e-commerce solutions provider Generator to launch an official online store for the Naruto brand in the U.S. and Canada.
Specialty retailer Francesca's Holdings has named specialty retailing veteran Michael W. Barnes as chairman, president and chief executive officer.
Target has unveiled its latest design partnership for spring with resort wear brand Lilly Pulitzer.
The British toy market increased 4.4 percent in 2014, the best result since 2010 when toy sales were up 8 percent.
Women in Toys will recognize Ann Kearns of Sesame Workshop with its Lifetime Achievement Award and Eva Lorenz of Amazon as the Retailer of the Year.
Colette in Paris, France, will be the first retail partner to launch Nickelodeon & Viacom Consumer Products' new fashion collection, SpongeBob by Beatrix Ong.
A panel of top merchants and brand experts from Toys 'R' Us, Hot Topic and other companies will kick off Licensing Expo in June with the Executive Keynote Panel.
Sunrise Brands has sold its North American license for the Superdry retail brand to Superdry’s parent company, SuperGroup.
Cherokee Global Brands has teamed with Sears Canada to bring the Liz Lange maternity and sportswear brand to Canada.
Actress Eva Mendes has expanded her collection at New York & Company to include new women's offerings inspired by Mother's Day.
Toys ‘R’ Us unveiled its lineup of exclusive merchandise for Comic-Con, which takes place July 9-12 in San Diego, Calif.
©2015 ADVANSTAR COMMUNICATIONS INC. All rights reserved.


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Cryptocurrencies have been a hot button topic over the past 12-18 months. We are often asked casually if we believe in crypto as a viable portfolio addition or not. Opinions online and through the media vary widely, but clarifying some crypto facts will hopefully answer some of the questions “floating” around online (just like the coins themselves!).
Believe it or not, there are thousands of cryptocurrencies around the world, but the vast majority don’t have a very big following. Bitcoin is the most well-known and “secure” cryptocurrency, and the coin that often dominates media conversation (thanks Elon Musk).
Conceptually, cryptocurrencies were designed to be free from government manipulation and control. This has changed in recent years. As of June 2021, over $1 trillion are invested in these coins. After reaching an all-time high above $68,000 per Bitcoin in November 2021, they have lost roughly 50% of their value, which translates to an extremely volatile market.
With the amount of cash moving into cryptocurrencies, governments are wanting to make sure they are getting their “cut” of profits. Countries around the world, including the United States, are sending warning letters out to taxpayers reminding them that they must report crypto gains on their tax returns. Currently, gains on Bitcoin are subject to capital gains rates.
When an investor holds a stock, they hold a per share claim on future company profits. A bond promises an investor a future cash flow stream, including the repayment of principal. What is difficult about Bitcoin (or any cryptocurrency), is the appreciation or value isn’t tied to anything trackable. This makes the conversation about having Bitcoin in a retirement portfolio too unpredictable. Perhaps in the future, cryptocurrency will become more mainstream when banks ultimately create their own digital currency, but until there is a reliable way to predict how and when appreciation will occur, clients should not rush to include them in portfolios.
1 thought on “What is the Deal with Cryptocurrencies?”
Interesting ! The new website looks great !


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This might come as a disappointment many food loving, Instagram-friendly people out there but it's some really cool news. If you share, post or like deep-fried fries or cheese-laden pizzas, then you and your followers will be able to assess the number of calories that go in them.Google recently unveiled an app at a tech conference in Boston that can guess the number of calories in your Instagram food photos. Im2Calories is an artificial intelligence software that uses algorithms to estimate the number of calories in your Instagram food photos.(E-nose Can Tell You How Fresh is Your Food)The app will rely on image-processing technology to identify the food in pictures, and by analysing the pixels, it will estimate the number of calories in the food.(Google to Devise a Way to Search Bodies for Diseases)The system gauges the size of pieces of food in relation to the plate to generate a calories estimate, and the user will have the option to approve or disapprove and make corrections if the software misreads your pics. For example, if the app confuses fried eggs for poached, or misreads something entirely.(Soon, Electronic Tongue to Check Food Quality)
The idea behind the project is to simplify the process of keeping a food diary, eliminating the need to manually plug your foods and serving sizes into an app," Google research scientist Kevin Murphy said. He also added that the app is expected to get better as people start using it.(Wear a T-shirt That Will Track Your Health)"We're going to average over a week or a month or a year. And now we can start to potentially join information from multiple people and start to do population level statistics," Murphy was quoted as saying.(This New App Can Help Avoid Food Wastage)According to Murphy, the technology has other possible uses too, if it comes out successful in its current usage. "If we can do this for food, that's just the killer app," Murphy said. "Suppose we did street scene analysis. We don't want to just say there are cars in this intersection. That's boring. We want to do things like localise cars, count the cars, get attributes of the cars, which way are they facing.""Then we can do things like traffic scene analysis, predict where the most likely parking spot is. And since this is all learned from data, the technology is the same, you just change the data," Murphy said.Google has recently filed for a patent for Im2Calories, but it is not known when the app might be available. The long-term goal for this technology is more wide-reaching, 'Popular Science' reported.With inputs from IANS
For the latest food news, health tips and recipes, like us on Facebook or follow us on Twitter and YouTube.


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The Nokia Lumia 1020 is arguably the best camera-phone money can buy today. It’s been available in the US through AT&T and we’ve covered every aspect of it, extensively, here on Pocketnow. The phone is expected to be available in Europe soon but, until then, it just made a stop in China. It goes for RMB ...
Continue reading »
The post Nokia Lumia 1020 launched in China appeared first on .
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Mercedes-Benz covers a wide spectrum with its M-Class sport-utilities. The ML320 delivers the rugged looks, room, safety and utility that...
The Mercedes-Benz Vision Golf Cart doesn't hold back on the zany. Should Mercedes build it?
Read This Article
The 2014 Mercedes-Benz E-Class earns top safety marks from the IIHS.
We've already seen the 2014 Mercedes-Benz CLA make its official debut back at the 2013 North American International Auto Show a few weeks ago but now we have a base price to go along with it.
Famed truck maker Mercedes-Benz has announced that it has built its two-millionth SUV, which includes its G-Class, M-Class, R-Class, GL-Class and GLK-Class models.


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4 tips to quickly improve your customer experience this year
Are AI chatbots about to change the way we bank?
How are physical stores innovating retail in Asia?
You can now have Amazon’s Alexa in your workplace
Amazon’s Alexa and Microsoft’s Cortana form AI voice assistant alliance
Line pre-releases Wave, with emoji-inspired models poised to enter AI assistant battle
Vinclu’s Gatebox AI assistant wants to have a relationship with you
ROBOTIC PROCESS AUTOMATION
How contact center AI is taking the customer service strain
4 May, 2020
5G in Asia – rollout plans won't be affected by COVID-19 says GSMA
7 May, 2020
Mastercard EVP: COVID-19 is spurring contactless payments in Asia
5 May, 2020


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How to Get Cash or Assets Out of China
The decades-long boom in the Chinese economy has seen the Communist state's economy increasingly entangled with the wider world. Still, the government strictly limits the flow of money in and out of the country. PRC citizens are limited to $50,000 worth of currency exchange to USD each year, while foreigners are capped at a $500 daily limit.
With recent changes, getting money out of China has only gotten harder. It’s anything but easy and risk-free these days; nonetheless, people have always found loopholes to these onerous regulations.
Here’s how you can get cash out of China, and how we may be able to help.
What's Happening in China and Hong Kong?
China has always maintained greater control over the economy than the US and its allies, even after a partial liberalization in the late 20th century. For reasons as diverse as the ascendancy of Xi Jinping, growing confidence among the Chinese political class, and the fallout of COVID-19, as of 2021 the Chinese government is exerting more control over the economy than ever.
Many activities that were previously not legally sanctioned but were tolerated are now suffering under crackdown from the authorities. Cryptocurrencies have been a particularly high-profile example of this trend.
Chinese Cryptocurrency Ban
Over the years, the cryptocurrency markets have periodically tumbled due to exaggerated reports of India, China, or some other country banning crypto or decentralized finance outright.
As of 2021, we've got the real thing: the Chinese central bank has ruled cryptocurrency transactions illegal throughout the country.
There are numerous cited reasons, such as concerns around money laundering and fraudulent gambling. However, the core issue is most likely the perception of competition to the country’s new digital yuan and China's strictness around control of its own currency.
Indeed, this same issue – perceived threats to China's currency – also ties into the government's actions against tech giants like Alibaba in recent years.
Chinese Crackdown on Tech Giants
Jack Ma and Alibaba were once highly favored among Chinese leaders, but even the Chinese billionaire and his company haven't proven immune to political trends in China.
A combination of Jack Ma’s criticism of Chinese regulators and the specific workings of AliPay, the largest payment processing app in the world, have produced several problems for the company.
Due to the way that China operates its currency, this payment processor can't use actual Chinese currency; instead, it operates an internal currency that exchanges to the official fiat currency on a 1:1 basis. This poses some practical risks in the hypothetical event of Alibaba going bankrupt and not having the money to return to its former customers, but the situation was considered acceptable and functional for about a decade. Despite no apparent particular wrongdoing on the part of Alibaba, the People’s Republic struck the company with heavy regulatory penalties and demands for sweeping changes to how AliPay functions.
Other tech companies such as Tencent have had to grapple with similar problems, and the atmosphere in China is one of “waiting to see who's next.” This is true of the broader private sector and governing policy: who’s next in China's private sector?
Chinese State Companies Advance, Private Firms Retreat
In China, private companies have always operated at a disadvantage due to the many institutional advantages of state companies. This preferential treatment includes more favorable terms for bank loans and easier access to government contracts, which have proven especially important after COVID-19. The initial lockdown and global economic crisis saw China's economy retreat by 6.8%, and the government response has predictably favored state enterprises. It's even possible to view the action against private businesses as an outgrowth of Beijing's massive intervention in the economy.
With the government's increasingly heavy-handed approach to the private sector, more Chinese citizens and foreigners than ever are looking to take their assets out of China and repatriate money elsewhere.
It's hard to do so through legal channels, but there are a variety of loopholes (of varying legality) available.
How to Get Assets Out of China
The Chinese middle-class and upper-class have developed a handful of loopholes to support their currency repatriation goals throughout the years.
While it’s possible to transfer their money out of the country legally, this is so slow and ineffectual as to nearly defeat the purpose. Furthermore, the limit of $50,000 per year for Chinese citizens practically prohibits many methods of currency repatriation. As such, it often ends up being necessary to take less common routes with reduced oversight to get Chinese money abroad.
Inflated Value on Overseas Goods and IP
Buying some sort of good from an overseas partner for an inflated price is one way to get your money out of the country. The partner holds onto your money, and you eventually sell what you purchased for far less than you originally paid to free yourself of it and make up the value to your partner. Intellectual Property and other assets that are hard to value are particularly well suited for this, as it's easier to explain the discrepancy in the purchase price and sale price. However, even physical assets work, as you can often explain the devaluation of your asset as indicative of a change in the market, business mistakes, or a need to quickly generate cashflow due to personal needs.
Another frequently used way to repatriate Chinese yuan is through the purchase of real estate. Chinese investors were the largest purchasers of U.S. residential real estate for much of the past decade, according to the National Association of Realtors, and the Chinese are largely credited with Vancouver’s ballooning housing prices. That’s gotten much harder in recent years as the Communist Party goes hunting for these assets.
Many people have no need to use their currency exchange quota, which means that they have a service to offer. In Hong Kong, many companies have sprung up to offer their quota to other people. The person intending to repatriate hands off the amount they want to exchange, and the other person returns with the corresponding amount in another currency.
An advantage of two-way exchange is that there's very little to trace and that it's a remarkably simple way to sidestep the limitations. On the other hand, you're putting your faith and money in the hands of someone who's often a perfect stranger. Since these enterprises aren't legal, there's little recourse if an unscrupulous person steals your money rather than actually providing the corresponding foreign currency.
A VPN and Cryptocurrency
While cryptocurrency is now illegal in China, there were never any sanctioned crypto brokerages. The risk in trading coins has grown, but the actual process hasn't changed much. Using a reputable VPN to relocate their IP and access an exchange is one of the most straightforward ways to go about transferring large amounts of Chinese currency into dollars or other currency.
Typically, someone seeking to move their currency out of China will buy USDT, a tethered coin that's backed by USD reserves. It has the exact same value as the dollar, which makes it an excellent starting point to eventually convert money into Bitcoin or dollars.
Now that the authorities have taken a hardline stance against cryptocurrency, this can be a riskier prospect that can lead to the suspension of currency exchange allowance and even criminal charges.
Stock or Crypto Loans To Get Cash Out Of China
One of the more unique ways that Chinese businesspeople are getting cash out of China is through the use of stock or crypto loans. Everyone has their reason for holding on to their securities – crypto or stocks – and a loan against these assets can be an attractive approach for many people who don’t want to sell or can’t. Non-recourse loans allow even executives and insiders who may have trouble selling large blocks of equity to borrow against their stock in exchange for cash.
With our services, it can be done in almost every jurisdiction globally and delivered in the currency of choice.
For many public-market investors or entrepreneurs, stock loans are a convenient way to access capital overseas in a timely manner, as loans can be closed in as little as 72 hours. With crypto, the process is typically simple as well, with large blocks possible to use as collateral for most cryptocurrencies out there.
Moving Assets Out Of China: Conclusion
Repatriating cash from China isn’t always easy, but it can be done. There are a variety of approaches, including cryptocurrency transactions with a VPN, asset purchases outside of the country, two-way exchanges, and stock loan services.
Curious if a crypto or share loan might be right for you? It’s easier than you might think, with rapid closing and money delivered in the jurisdiction of your choice.


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America’s discovering something that we’ve known in these parts for more than a year: LeBron James bikes to Miami Heat home games from his house in Coral Gables! James sent the national media into a frenzy this week by talking about biking 40 minutes to the Triple A in downtown Miami for a night game against the Washington Wizards, then back home after the game — well past midnight. Teammate Dwyane Wade got the attention of James’ fans worldwide when he told Fox Sports: “Everybody was a little worried, but he’s a grown man.” Worried about what? Chances are even homegrown baddies won’t bother a 6-foot-8, 250-pound man folded over on a mountain bike. Now, drunk drivers …
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Miami is home to some of the best burgers in the country. Here’s proof.
St. Roch Market food hall announces Miami opening. Here are the restaurants you’ll find there.
Finally, this South Florida brewery has an opening date. Here’s a sneak peek inside.
Here are the best wine bars in Miami. Related: it’s 5 o’ clock somewhere.
Let's make this friendship official.
That Dwyane Wade jersey is back on sale. Here’s how to buy it.
House of Mac food truck couldn’t make it as a South Beach restaurant


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Twenty world debuts are being touted by organizers of next month's Los Angeles auto show.
What a difference a date makes.
Every January for years, press conferences for the L.A. show ended literally hours before Detroit's press events kicked off. L.A. played second fiddle to Motown's show.
The result was Los Angeles got a handful of world debuts. Plus, the news value of those debuts sometimes wasn't worth the time and cost of a trip to L.A. A world debut sometimes amounted to a sporty version of an existing vehicle. The best production vehicles and concepts were destined for the Detroit show.
But after years of prodding by auto executives and journalists, a few years ago show organizers finally admitted that the only way L.A. would become a major attraction on the show circuit would require a new time frame. Additionally, auto executives and journalists were tired of racing to Detroit.
Now, L.A. is targeting November for its annual event.
The result? Automakers are lining up to schedule significant world debuts. Press conferences are scheduled Nov. 17-18. The event is open to the public Nov. 19-28.
What's planned? Here's a partial list of world debuts based on automaker announcements and other sources:
• 2011 Chrysler 200 sedan and convertible
• 2011 Kia Optima sedan hybrid
• 2011 Nissan Murano Cabriolet
• 2011 Nissan Quest minivan
• 2011 Saab 9-4X crossover
• 2012 Volkswagen Eos hardtop convertible
Additionally, Honda will introduce an electric vehicle concept, and Nissan will unveil a sedan concept called the Ellure.
Honda also will reveal a plug-in hybrid platform showcasing the next-generation of Honda hybrid technology.
In real estate, it's location, location, location.
For auto shows, it's timing, timing, timing. L.A. found the right time frame to boost the show's prominence.


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Enterprise 2.0 gets a fillip: Microsoft-Yammer, Oracle-Vitrue, Salesforce-Buddy Media
So Microsoft has spent USD 1.2 billion to buy Yammer.
That makes the Microsoft acquisition of Yammer the 3rd social media startup acquisition in last one month and a total spending of around USD 2.2 billion.
So is this a trend of Enterprise software players moving into Social Media space?
Incidentally, about a year back Microsoft had paid USD 8.5 billion for the Skype.
Technology that businesses need and people love
That is what Steve Ballmer said when he made the announcement. He also said that “Think of Yammer as a fundamental part of our Office family”.
Which means in future you can expect Yammer to be more tightly integrated with SharePoint, Office365, Dynamics and Skype. As a Yammer user, I am not sure if this is good news or bad news as our Yammer usage has grown organically.
Here is some statistics about Yammer:
- Founded in: 2008
- Current user base: 5 million
- Paid customers: approximately 20%
- Enterprise penetration: Users in 85% of Fortune 500 and around 0.2 million companies
- VC funding raised so far: USD 142 million
- Acquisition value per user: 3X compared to Facebook
IDC expects a compound annual spending growth in excess of 40% in Enterprise 2.0
Between 2011 and 2016, IDC expects the compound annual growth rate in spending to hit 42.4% for Enterprise 2.0 products and services. Customers spent USD 0.77 million on the products globally in 2011, and will spend almost USD 4.5 billion in 2016, according to IDC’s “Worldwide Enterprise Social Software 2012-2016 Forecast.”
IDC also lists out top 10 Enterprise 2.0 vendors:
- IBM (USD 105.4 million)
- Jive Software (USD 65.3 million)
- Communispace (USD 60 million)
- Telligent (USD 42.7 million)
- Socialtext (USD 34.5 million)
Google also may be working on a workplace version of Google+.
There is a large gap between management and employees regarding usefulness of Enterprise 2.0. According to a recent survey commissioned by Deloitte, there is a difference in opinion between executive-level leaders and employees when it comes to how they perceive usefulness of social media.
There is a large gap between what management thinks and what employees perceive.
- 45% of executives say social media has a positive impact on workplace culture while only 27% employees agree.
- 41% of executives compared with only 21% of employees believe that social networking helps to build and maintain workplace culture.
- As it relates to management visibility, 38% of executives think social media allows for increased transparency while only 17% of employees agree.
Why this disconnect? Is Enterprise 2.0 a solution in search of a problem?
- Yammer, Microsoft and the Enterprise 2.0 Premium – Deliver Technology People Love
- Microsoft buys Yammer for $1.2bn
- Behind Microsoft’s Yammer acquisition
- Microsoft buying internet startup Yammer for $1.2 billion
[July, 2012] Oracle also acquires Collective Intellect for Real Time Text Analytics and Involver to create marketing applications for social media sites.


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A possible reason for targeting CCP could be the affiliation with Sony. CCP recently announced during E3 that their upcoming game Dust514 would be Sony Playstation 3 exclusive."
Link to Original Source
Catch up on stories from the past week (and beyond) at the Slashdot story archive
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Today is a big day for residents of Midlothian, Virginia. BJ’s Wholesale Club is opening the doors to its latest location in the city, bringing its total of United States clubs to 235.
“The grand opening of our new club has been much anticipated, and we are very much looking forward to opening our doors to the Midlothian community on Friday,” said Contina McNeill, Club Manager of Midlothian’s BJ’s Wholesale Club. “Our team has been working diligently to prepare our club for both new and existing members to start shopping, and we’re officially ready to welcome them in!”
BJ’s members in the area will have access to a variety of convenient shopping options, including in-club shopping, curbside pickup, in-club pickup, same-day delivery, and standard delivery from the retailer’s website. According to a release, when shopping in-store, consumers will also be able to use ExpressPay through the BJ’s mobile app, allowing them to scan products as they go and avoid the checkout line.
A convenient one-stop shop, the store will feature a vast selection of fresh foods, a full-service deli, various exclusive offerings, and much more.
To find out more about this new BJ’s location, click here.
Deli Market News will keep an eye out for the retailer’s next announcement, so don’t go anywhere.


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Sony’s upcoming press conference at IFA next week is shaping up to be quite exciting. The leak yesterday that we’ll see an Xperia Z5 and Xperia Z5 Compact as well as an Xperia Z5 Premium sporting a 4K screen has turned quite a few heads. This morning it appears that Sony too is getting excited, enough to accidentally release press shots of the Xperia Z5.
There’s three shots that have appeared, a shot of the phone in a gold colour covered in water indicating the usual Xperia IP68 rating will be in tact. We also see something of the camera setup on a white version of the phone which should be in the region of a 1/2.3-inch 23MP Exmor RS sensor. Lastly we see the rear of a darker coloured model, though what it could be is anyone’s guess.
The Sony Press event begins next week at 4pm on the 2nd of September (midnight AEST on 2nd September) in Berlin. Ausdroid will be on the ground, so stay tuned for all the latest news as it happens.


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This entirely waste-free wine-bar sets a new standard
The space in Brooklyn is finding ways to eliminate food waste from their premises.
In artisanal bars and cafes all around the world, environmentalism is in vogue. You can usually spot a behind-the-bar recycling bin, and the restaurateurs will pay the expected lip service to waste and sustainability.
But there’s saying and then there’s doing, and Rhodora, a brand new Brooklyn wine bar, is counting its carbon meticulously.
The team behind the opening, The Oberon Group, has a longstanding commitment to sustainability (the bar’s forerunner, Mettā, became New York’s first carbon-neutral restaurant in 2017), but for Rhodora they’ve doubled down on every aspect.
Wines come in compostable boxes, drawn entirely from small-farm producers crafting low-intervention, natural products. The dishwasher uses electrolyzed water to steer clear of soap, and single-use plastics have been banished entirely, along with all alcohol brands that use non-recyclable bottle caps.
Local producers deliver fresh meat and seafood by bicycle, often in so-called “closed loop” deliveries where the container is returned and re-used.
Scraps are composted, as is leftover cardboard, while corks are sent to a non-profit that turns them into shoe soles.
Being a no-waste space means controlling not only your own refuse, but that of your customers. You’ll have to dispose of your gum elsewhere – Rhodora doesn’t have the necessary facilities – and don’t expect a paper receipt.
The establishment takes its cue from the tapas bars of Portugal and Spain, and serves up a light, early-evening combo of oysters, salads, cheeses, tinned fish, and charcuterie.
The streamlined menu means that there’s one other thing missing from Rhodora – a chef. Staff are “cross-trained” to handle every stage of the operation interchangeably, eliminating the front and back of house split that defines most eateries.
Though new to New York, no-waste restaurants are not unheard of. Rhodora drew inspiration from Silo, a London-based diner started in Brighton.
(Photos: Liz Clayman)
"It's a calm feeling, being in the permanent home," says chef Harriet Mansell
What You Need to Know About Pop-Up Restaurants
A Solar Solution to Food Waste?
"I think the story of Africa is definitely one worth sharing", said Vusi Ndlovu
Who is Karime Lopez, the chef of Gucci Osteria da Massimo Bottura?


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The Moto Z4 hasn’t been announced by Motorola, but that didn’t stop Amazon from not only listing the device in its store, but also shipping it to a customer.
Reddit user JETFIRE007 purchased a Moto Z4 from Amazon and received it over the weekend (via Android Authority). They posted a brief video showing off the unannounced device, saying that the phone feels and looks good and that the screen looks “fantastic”. One interesting tidbit they found is that some Moto Mods don’t fit flush with the Moto Z4’s body, leaving a gap that you can see and feel.
According to the Amazon product page for the Moto Z4, which has since been pulled but was archived before it was yanked, this Motorola phone is packing a 6.4-inch 2340×1080 OLED screen with 19:9 aspect ratio and in-display fingerprint sensor, an octa-core Snapdragon 675 processor, and 4GB of RAM. There’s 128GB of storage built-in along with a microSD card slot that’ll let you add up to 2TB of storage.
The back of the Moto Z4 is home to a 48MP camera that outputs 12MP images using Quad Pixel tech, and around front is a 25MP selfie camera that lives in a waterdrop notch at the t op of the screen. You can find one sample photo taken by the Moto Z4 below and several more right here. Also included with the Moto Z4 also features a 3600mAh battery, 15W TurboPower fast charger, USB-C, a 3.5mm headphone jack, and a splash-proof coating.
Amazon was asking $499.99 for the Moto Z4, which is unlocked and includes support for AT&T, Sprint, T-Mobile, and Verizon in the U.S. The device also came with a Moto 360 Camera Mod when purchased from Amazon along with some preinstalled Amazon apps.
It’s pretty strange to see the Moto Z4 get sold on Amazon before it’s even announced by Motorola, but it’s likely that the Moto Z4 is close to an official launch and someone just flipped the switch on its Amazon page a little early. With a Snapdragon 675 and 4GB of RAM, the Moto Z4 is more of a mid-range smartphone rather than a flagship like past Moto Z phones, but it does have some nice features like an in-display fingerprint sensor and large battery.
What do you think of the Moto Z4?


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Amazon's second quarter results were mixed and the third quarter outlook disappointed.
The e-commerce giant reported second quarter earnings of $7 million, or a penny a share, on revenue of $12.83 billion, up 29 percent from a year ago.
Wall Street was looking for earnings of 2 cents a share on revenue of $12.88 billion. Amazon's revenue clearly fell short of expectations, but the earnings results for the second quarter were more debatable. Amazon said that the second quarter earnings included a loss of $65 million related to the integration of Kiva Systems, which was recently acquired.
If you back out those integration costs, Amazon's profit would have been $72 million, which was better than net income of $20.8 million projected by analysts.
The third quarter outlook, however, clearly was off the mark for Amazon. The company projected and operating loss for the third quarter between $350 million and $50 million. Wall Street was looking for an operating profit of $164 million.
Amazon also said its sales for the third quarter would be $12.9 billion to $14.3 billion. Wall Street was expecting $14.09 billion.
With those moving parts it's no surprise that investors weren't quite sure what to make of Amazon's results. After-hours trading in Amazon was indecisive.
In a statement, Amazon CEO Jeff Bezos talked up Amazon Prime and as the "best bargain in the history of shopping."
By the numbers:
North America accounted for 57 percent of sales. International sales were 43 percent of revenue.
The international unit delivered a second quarter operating profit of $16 million. And North America had operating income of $344 million.
Other second quarter revenue, led by Amazon Web Services, was $554 million, up from $359 million a year ago. Other also had the fastest revenue growth in North America with growth of 58 percent.
Inventories were $4.38 billion as of June 30, down from $4.99 billion on December 31.
Amazon spent $657 million on assets such as Website development and software.
This story was first published as "Amazon forecasts Q3 operating loss; Q2 mixed" at ZDNet's Between the Lines.


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When Secretary of Transportation Elaine Chao named Frances B. “Fran” Smith to the Aviation Consumer Protection Advisory Committee (ACPAC) last year, the Chicago Tribune carried a column headlined “Chao to Consumers: Drop Dead.”
The headline was a takeoff on the famous New York Daily News headline of 1975, “Ford to City: Drop Dead,” when the Ford administration refused a bail out to the financially strapped city of New York. But why was this appointment seen as such a betrayal of consumers?
The Chicago columnist cited her chief sin: “opposing regulations.” An adjunct fellow at the Competitive Enterprise Institute (CEI), Smith has a different philosophy of how to fulfill her role in looking out for consumers while serving on this committee. Smith wants to ensure that the consumer gets the best deal the marketplace can offer by encouraging industry competition, choice, and transparency.
Too many so-called consumer advocates seek to use government regulations to gain consumer protections, but that’s not the best way to achieve that aim, says Smith. “It’s a mistake to believe that consumer protection can be done only through government,” Smith explains. “CEI and free market groups believe that competition in the markets creates benefits for consumers, giving them more choices. Government mandates generally limit the choices that consumers can have. That’s not in their interests.”
Too many so-called consumer advocates seek to use government regulations to promote consumer protection, but that’s not the best way to achieve that aim, says Smith. “It’s a mistake to believe that consumer protection can be done only through government,” Smith explains.
“I come from a background in the financial industry,” she continues. “What if there were only one kind of credit card? I use a credit card with a very high interest rate, but for some people that would be a terrible choice. But I pay off my credit card every month. For somebody who carries it over, that would be a bad credit card. One-size-fits-all often is what government comes up with, but our idea of consumer protection is one that allows people to make their own decisions.”
Fran Bivona grew up in New Orleans in an Irish-Italian family whose life revolved around good food and the Catholic Church. She lived in an uptown neighborhood, within walking distance of Tulane University. Her father owned a restaurant and grocery store. “I grew up eating like only New Orleanians do,” she recalls. “My father was a terrific cook and so was my mother. I still cook their Creole dishes, mainly seafood gumbos and jambalaya. But I still can’t fry oysters as well as my father or make cream puffs as well as my mom. I grew up surrounded by wonderful cooking, and mother, father, aunt who lived next door, grandmother.”
For grammar school, Fran attended St. Rita School (founded in 1924), walking to school most days with neighborhood kids, and then won an academic scholarship to St. Mary’s Dominican High School, a private, all-girls school then located on the tree-lined St. Charles Avenue. The high school was founded by Irish nuns in the nineteenth century, and its alumnae roster includes Judge Amy Coney Barrett, Fox News anchor Arthel Neville, and former President Barack Obama’s Environmental Protection Agency head, Lisa Jackson. Fran remembers it as “a terrific school.”
After Dominican, Fran enrolled in the University of New Orleans (then Louisiana State University in New Orleans), where she became heavily involved with the LSUNO Workshop Theater. But the city’s turbulent racial atmosphere intruded into the Workshop Theater. Fran, who had acted in New Orleans little theater and in high school plays, landed her first leading role. It was a big deal: the U.S. premiere of Italian playwright Ugo Betti’s The Queen and the Rebels. A black student, Louis Washington, was cast as the male lead.
All hell broke loose. The racist New Orleans Citizens Council mounted a protest and the board received a barrage of complaints, most unprintable. The play was cancelled. “We just couldn’t believe it,” Fran recalls. “And as I said, UNO was an integrated university. It was one of the early ones to be integrated, but you still had things like that happening that would just bring you up short and you’d say, ‘What’s going on? How can this be?’”
Fran, who frequented meetings of the Student Nonviolent Coordinating Committee (SNCC), which supported bringing about racial integration by direct, nonviolent actions, had the city’s troubled racial politics very much on her mind when she met her future husband, Fred L. Smith, Jr. at a college mixer. Smith was from a Louisiana town so tiny it didn’t even have a proper name.
Fran landed her first lead role in the U.S. premiere of Italian playwright Ugo Betti’s The Queen and the Rebels. A black student was cast as the male lead. All hell broke loose. Fran, who attended meetings of the Student Nonviolent Coordinating Committee (SNCC), was furious when the university cancelled the play.
“If you’ve ever met my husband,” says Fran, “he’s the most extroverted person who loves talking. I think that’s because he couldn’t find many people to talk to growing up!” That night, Fred and Fran talked for hours. “We ended up talking about public policy,” Fran says. “It was a very fraught period of time. Fred and I both believed ardently in integration. At Tulane, which was established to educate white gentlemen, you could not even bring African American friends to social events.” Fred was briefly suspended from Tulane, she says, for doing just that.
Fran and Fred were married at Mater Dolorosa Catholic Church on Carrollton Avenue in New Orleans in 1963. The Smiths went onto graduate school – Fred at Harvard University and then Fran at the State University of New York at Buffalo. They lived in Philadelphia before coming to Washington in 1973. Fred did a stint working for the Environmental Protection Agency, where he saw “people who didn’t know much about business making decisions that affected whole industries.” The Smiths wanted to do something about this.
“The story is that CEI was founded on our kitchen table, but it was actually our dining room table,” Fran recalls. “Fred wanted to form his own group that would stress economic freedom. It would combine advocacy with legal work and then with the intellectual public policy work. So, he wanted all of those working together. At that time, I was working for the financial services industry, making a very good salary. And we figured out that Fred could start CEI without any funding if I used some of my earnings to support it.” It started in the Smith apartment, with Fred and one other employee.
Now four decades old, CEI has an annual budget of more than $8 million and describes itself as “dedicated to advancing the principles of limited government, free enterprise, and individual liberty.” “We make the uncompromising case for economic freedom because we believe it is essential for entrepreneurship, innovation, and prosperity to flourish,” it states on its website.
“I grew up eating like only New Orleanians do,” Fran recalls. “My father was a terrific cook and so was my mother. I still cook their Creole dishes, mainly seafood gumbos and jambalaya. But I still can’t fry oysters as well as my father or make cream puffs as well as my mom.”
Prior to her affiliation with CEI, Fran was executive director of Consumer Alert, a free-market consumer organization, from 1994 until she shuttered the group in 2005 and moved on to CEI. She has served as a consumer representative on the U.S. Trade Representative’s Trade and Environmental Policy Advisory Committee, which reviews international agreements involving the U.S.
Fran describes herself as a libertarian who believes that “individuals are better at making decisions affecting their lives than governments — even small governments, even local governments. Government puts restraints upon individuals and keeps them from being able to make decisions. This is especially harmful to entrepreneurs starting new businesses. All the legal red tape, all the bureaucracy. So, I favor small government and government doing only essentials, as opposed to getting involved in every aspect of people’s lives.”
ACPAC is purely an advisory board, and it is not mandated to advise on one of the biggest concerns of all who fly: the cost of a seat on a plane. But Fran has some thoughts on this hot topic. Her thoughts boil down to two words: competition and transparency. “Airlines often have flights that are fully booked,” Smith says, “and different seats are preferable. Obviously middle seats aren’t. I don’t see anything wrong with paying different prices for seats. What I would like is that this is disclosed to consumers. How much are consumers told when they are shopping around? Why are some seats more expensive?
Fran describes herself as a libertarian who believes that “individuals are better at making decisions affecting their lives than governments — even small governments, even local governments. Government puts restraints upon individuals and keeps them from being able to make decisions. This is especially harmful to entrepreneurs starting new businesses. So, I favor small government and government doing only essentials, as opposed to getting involved in every aspect of people’s lives.”
“If you’re shopping around, say on a secondary site, on Expedia or Priceline, you might have just the base fare. You might then choose an airline that might have other fees tacked on. For instance, baggage, extra baggage fees for the first baggage, second piece of baggage, et cetera, for weight limits and such. All of those fees, you may not know about when you’re booking. So, what are the standards that the airlines have? Consumers should know what they are buying. If those are sprung on you after you’ve booked thinking you’ve gotten the lowest price, there is a problem there.”
Another hot debate in aviation policy today revolves around the passenger facility charge (PFC), which permits airports to collect a fee up to $4.50 from every passenger. Smith supports this user fee rather than having a tax that the entire public pays. How could it be pro-consumer to tack a fee onto their ticket? Smith replies, “Well, the person who’s using the service probably is better able to pay for that service and should be paying for the service directly, as opposed to being spread over all of taxpayers, many of whom may not ever use that service. So that would seem to me to be a rationale for that.”
Smith also serves on a related DOT task force that is making recommendations about sexual misconduct on airplanes. It’s a dicey topic. “We will be recommending to the committee best practices relating to training, how incidences are reported, and how the data are collected. For instance, we don’t know the extent of the problem of sexual misconduct, because some people may report to DOT, some people report to the airline, some report when they get off the flight. So, data collection is not very good. We can encourage the airlines to look into how best to handle these situations, what’s the first line of defense, and then reporting it to the proper authorities so that if it is a crime, the perpetrator can be apprehended.”
Smith may not be a typical consumer advocate—which is assumed to be an advocate for bigger and bigger government—but she is a true advocate for empowering people with more choice, more information, and more freedom about what they consume.


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How to profit from the generation who love to spoil themselves: Millennials shun material things in favour of experiences
A fashion crisis has hit the High Street to the tune of £700million, and retailers aren't expecting younger shoppers to help reverse the trend.
Those in their 20s to mid-30s – known as millennials or Generation Y– are abandoning clothes and handbags in favour of experiences.
This demographic makes up around 20 per cent of the UK population.
And unlike their baby-boomer parents who typically liked to buy houses and fill them with stuff, they are increasingly spending their cash on eating and going out.
Selfie-centered: Those in their 20s to mid-30s – known as millennials or Generation Y– are abandoning clothes and handbags in favour of experiences
'Millennials tend to concentrate their spending on leisure rather than material possessions,' says Craig Bonthron, co-manager of the Kames Global Sustainable Equity Fund.
'They expect higher quality, healthier ingredients, and when they do finally settle down they have very high standards.
'It's a trend driven, in part, by the fact that home ownership is out of reach for much of this generation. The question for investors is how to profit from it.'
Holiday operators such as Tui are an obvious beneficiary of this movement, according to Helal Miah, analyst at The Share Centre.
'You might think that with terrorism fears and a weaker pound there would be issues for these companies, but people still want to travel, they just go to a different destination,' he says.
Meanwhile, Hostelworld has reported an increase in bookings from mobile phones. Its cheaper rooms and online reservations system appeal to backpackers and those on a low budget.
Restaurants, pubs, bars and cafes are a major domestic beneficiary of the millennial-about-town.
Tom Becket, chief investment officer at Psigma, says: 'Discretionary spending is the main thing leading the economy right now. Both in the UK and the US, younger people are spending more than ever in bars and restaurants.'
This could help food wholesaler Booker Group, which is supplying those restaurants and cafes seeing an uptick in trade, says Becket.
Cheers: Pubs, bars and cafes are a major domestic beneficiary of the millennial-about-town
Meanwhile, Miah rates pub chain Marston's. He says: 'It has switched its focus away from just drinks into good-quality food, and that is what people are going to pubs for these days.'
Miah also likes The Restaurant Group, which is behind chains such as Frankie & Benny's and Chiquito.
It's had a tough time in the past year, but with a new management team it could get a boost.
He says the restaurants benefit from being located at leisure parks and shopping centres where footfall is high, particularly in the Christmas season and with blockbuster movies such as Rogue One: A Star Wars Story set to drive up customer numbers in coming weeks.
When they're not eating out, millennials are indulging in high-quality home cooking, according to the experts. Kerry Group is a global food ingredients firm, which works for brands and for supermarkets.
Bonthron says: 'Younger shoppers have shifted away from packaged foods with artificial processed ingredients towards fresh, organic and healthy alternatives.
That means there is a growing need for ingredients companies which can support large players to adapt their products and help emerging new brands grow.'
The Irish-listed firm recorded revenue of £2.7billion in the first half of the year.
Notoriously health-conscious millennials might also push up profits at The Gym Group, which has about 70 gyms open around-the-clock.
The business launched six new sites in the first half of the year and grew its membership number by almost 20 per cent to 424,000.
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For much of Japan, the end of the rainy season signifies that summer has shifted into high gear. And the sweltering months are never quite complete without the bursts of color and sonic booms of fireworks festivals.
But while many people believe fireworks are a quintessential part of the nation’s culture, the fireworks industry — like so many other trades in Japan — is being taxed by socioeconomic problems such as the protracted economic downturn, the declining birthrate and the surge of cheap imports.
“Although it is generally said that the fireworks industry is unaffected by economic slowdowns, when a recession lasts this long, it does start to take its toll,” admitted Hideo Futamata, managing director of the Japan Pyrotechnics Association.
As public budgets for festivals shrink and companies grow less willing to sponsor events, the specter of fund shortages looms, he explained. But at the same time, Futamata said, event organizers cannot downsize the fireworks displays as it would anger spectators.
“The result is that the scale of the events remains the same, while there is less money to spend on them,” he said. “It’s the fireworks companies that are left holding the short straw.”
The decreasing number of children and the wider variety of diversions for kids are also hurting demand for consumer-use fireworks, Futamata pointed out.
“Children playing with fireworks on summer nights is no longer a common scene in Japan,” he sighed.
Another challenge facing Japanese fireworks companies — especially makers of consumer-oriented goods — is the increase in imported fireworks, which are less expensive and, according to industry officials, of slightly poorer quality.
Trade figures compiled by the Finance Ministry show that imports of all fireworks rose from some 3.6 billion yen in 1998 to about 4.4 billion yen in 2002. Last year, more than 98 percent of all consumer fireworks imported to Japan came from China.
Haruyuki Kono, president of Tokyo-based pyrotechnic firm Hosoya Enterprises Co., said this was hardly surprising as Japanese fireworks makers have been dispatching training staff to their Chinese counterparts for decades.
“This isn’t just about cutting (manufacturing) costs,” he explained. “It’s also a way to reduce risk, given that we handle dangerous substances. Just think about the vast expanses of land in China compared with Japan.”
Futamata said the key to survival for domestic consumer fireworks makers was to develop new products and stay a step ahead of the overseas competition.
But contrary to what the trade figures may indicate, Kono said he is optimistic that Japanese-style fireworks, especially those for shows, will never die out. He stressed that the details as color and timing are appreciated uniquely in every country.
“(Pyrotechnists) in every country work to preserve their traditional styles and techniques, and they take great pride in it,” Kono said. “The bottom line is that as long as that sort of determination is there, fireworks are not going to be supplanted so easily by imports.”
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Radio continues to be ‘the top reach vehicle’ for both Black and Hispanic adults, declares Nielsen in a report, noting that among people ages 12 and older, Black and Hispanic consumers make up more than 30% of the national radio audience.
This year, Pandora will have 75.9 million users in the US, compared with 58.4 million for Spotify. However, eMarketer expects Pandora’s user base in the US will decline slightly throughout the forecast period, while Spotify will see double-digit growth this year and next.
Streaming was the driver of increased music consumption again last year as in 2016, representing 54% of consumption in 2017. The number on-demand audio and video music streams grew by 43% to 618 billion.
This infgraphic from illustrates and examines the resurgence of vinyl records. Following this infographic, you’ll find a documentary of the phonograph.
More Americans discover music by listening to AM/FM radio than by any other means. In fact, more Americans are finding music through various radio sources than did last year, with online sources not surprisingly growing in influence.
This video shows where a pianist looks when playing, as recorded by Tobii Pro Glasses 2 eyetracking software.
Apple is the top platform for US adults who pay for music content online, ahead of others such as Pandora and Spotify.
The number of audio streams has surpassed the number of video streams for the first time in the US music industry.
This chart illustrates the results of an experiment by a group of Cornell PhDs who created a test to see how different music types affected the collaborative behavior of different groups of people.
Some 34.3% of US recorded music revenues came from streaming services in 2015, reports the RIAA, up from 27% in 2014.


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Volvo Cars, which has forceful plans to zap its lineup beginning one year from now, has gained a stake in vehicle charging organization FreeWire Technologies.
Volvo is getting tied up with the San Francisco-based authority in portable quick charging arrangements through its as of late propelled tech subsidize.
No terms of the arrangement were discharged.
The FreeWire stake buy comes four months after Volvo put resources into Luminar, a producer of lidar, or, in other words innovation for self-ruling vehicles.
Volvo Tech Fund CEO Zaki Fasihuddin said he and his group could have another declaration soon.
“There are many organizations that we’re taking a gander at in Europe at the present time. Since we’re continually hunting down ventures it’s extremely conceivable we will make another speculation before year end,” Fasihuddin revealed to Automotive News Europe.
While Volvo has no plans to have coordinate responsibility for stations, it said in an explanation that the interest in FreeWire fortifies its general duty toward the change to electric versatility.
One of the novel administrations that FreeWire offers is a versatile charging unit that can be conveyed to a condo unpredictable, enabling individuals there to resupply their batteries with vitality without the requirement for including any framework.
The versatile units could likewise be utilized to help a driver who gets stranded amid an adventure.
Fasihuddin said that Volvo put resources into FreeWire to all the more likely comprehend the worries customers have about electric autos, for example, where they can book a charge and how the accusing innovation will impart of the auto. He said Volvo needs replies to those inquiries and more before its full-electric autos achieve the market.
“There are such a significant number of issues to consider and we need to stretch out beyond that since we think there is a tidal wave coming. Also, we’re a piece of making that in light of the fact that in the coming years half of autos will be full electric,” Fasihuddin said.
In June, Volvo said it needs 50% of its worldwide deals to originate from full-electric autos by 2025. This declaration came around a year after the Swedish automaker reported plans to just offer zapped powertrains taking all things together new models that dispatch beginning in 2019, a move that flagged its goal to eliminate the inside burning motor from its lineup.
Another objective Volvo has set is to offer an aggregate of 1 million energized autos by 2025. That would incorporate gentle mixtures, module cross breeds and full-electric models.


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Around the nation
Published 6:30 am, Wednesday, November 7, 2007
Yahoo CEO bows in public apology
WASHINGTON — In an unprecedented public shaming of a U.S. Internet giant, Yahoo Inc. and its chief executive, Jerry Yang, were pilloried Tuesday by a congressional committee for the company's role in the jailing of a Chinese journalist and for misleading lawmakers last year about what it knew about the case.
In a dramatic hearing before the House Foreign Affairs Committee, Yang bowed in apology to the weeping mother of the imprisoned journalist, Shi Tao.
The controversy over the case could lead to restrictions on the information that U.S. companies are allowed to provide to totalitarian governments. Yahoo provided Shi's name to Chinese authorities in 2004 after they demanded to know the owner of an e-mail address that had forwarded a government memo to a human-rights group.
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Microsoft to tout free programs
SEATTLE - After a trickle of updates and "betas" bearing the Windows Live moniker, Microsoft Corp. is ready to start promoting its official package of free desktop programs for e-mail, instant messaging, blogging and sharing photos.
The package includes Windows Live Mail, which can grab messages from multiple free Web-based e-mail accounts, including Microsoft's Hotmail, Google's Gmail and AOL e-mail.
Company fires information officer
Microsoft Corp. said Tuesday that it had fired its chief information officer after an internal investigation into an unspecified violation of company policies.
The Redmond, Wash.-based software giant declined to elaborate on the investigation or why Stuart Scott, a corporate vice president who oversaw the company's technology systems, had been terminated, said a company spokesman. Scott, 41, could not be reached for comment.
Nasdaq acquiring Philly exchange
Nasdaq Stock Market, the all-electronic exchange that handles the most shares in the U.S., plans to buy the Philadelphia Stock Exchange to enter the options business, two people familiar with the transaction said.
Nasdaq agreed to purchase the Philadelphia market for about $650 million, according to the people, who declined to be identified because the negotiations aren't public. The deal isn't final and requires approval by both boards.
IN OTHER NEWS ...
• AOL, Time Warner's Internet unit, plans to buy online advertising company Quigo Technologies to give customers more control over where their ads appear, according to two people with knowledge of the purchase.
• Archer Daniels Midland Co., the world's largest grain processor, said first-quarter profit rose 9.4 percent as higher wheat and soybean sales more than made up for lower ethanol prices. ADM gained the most since February. Net income rose to $441 million, or 68 cents a share, in the three months ended Sept. 30, from $403 million, or 61 cents, a year earlier, the company said.
• Beer giant Molson Coors Brewing Co. reported a dip in third-quarter net income because of one-time charges that offset a 7 percent increase in sales. For the quarter that ended Sept. 30, net income totaled $134.7 million, or 74 cents per share, down nearly 1 percent from $135.8 million, or 78 cents per share, in the prior year quarter.
• General Motors said it will record a $39 billion net noncash charge for the third quarter because of negative changes in its historical three-year cumulative loss. It will affect earnings, which are to be announced today.