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Eden Prairie’s Target is getting a face lift as part of the company’s national move to update its stores, according to a representative that spoke at the Jan. 7 Eden Prairie City Council meeting.
When the usual post-workout snacks were passed around during Blake Sorensen’s days on the Eden Prairie High School football team, he always had to decline. Sorensen has had a severe allergy to tree nuts for his entire life, and the typical trail mixes and protein-packed nut bars would’ve sen…
The Eden Prairie City Council unanimously resolved to support SouthWest Transit as it seeks to replace lost funding from the Metropolitan Council and other state and local sources at its Jan. 7 meeting.
A regional real estate firm bought a 180,000 square foot property in Eden Prairie’s Golden Triangle in late December and plans to develop the area in anticipation of changes brought by the Southwest Light Rail Transit line, according to the company’s vice president.
When Amber Lewis was pregnant with her second child, she and her husband, Ryan Lewis, dreamed up an app that would allow expecting parents to track all the milestones of pregnancy and babyhood in one neat package.
Eden Prairie, with its plentiful grocery stores and restaurants, doesn’t qualify as a food desert, but it didn’t always feel that way.
While Thanksgiving has long been the border between autumnal or turkey-themed decorations and the snowy, twinkling lights of the December holiday season, Christmas shopping has been on the radar at Eden Prairie Center since late October.
Eden Prairie-based C.H. Robinson won a Tekne award in the cognitive computing category of the Minnesota High Tech Association’s annual awards, according to a news release from the association.
With nooks crammed with cushioned couches and low-light chandeliers, Fat Pants Brewing Co. aims to make its customers comfortable above all else, owner Elizabeth Anderson told Eden Prairie News one week before the city’s first brewery opens to the public.
Employees of Eden Prairie’s SAM Nutrition, and their family and friends, volunteered at a food drive and meal at Simpson Homeless Shelter in Minneapolis on Nov. 1, according to a news release from the company.
Double Take Salsa's new Eden Prairie headquarters, at 9921 Valley View Road, doesn't have much office space, but that's just fine with Bernie and Adina Dahlin; the spacious industrial kitchen is where the magic happens.
Local businesses will be on display at the Eden Prairie Chamber of Commerce's fall pop-up boutique event, according to Paige Nault, the Chamber's marketing and events manager.
Eden Prairie's Gander Outdoors location is closing after 18 months in business, according to a representative of Gander Outdoors.
At 7:30 a.m. on a hazy October morning, Ella, Carlos and Blanca Correa were already a couple hours deep into their work shifts. Joshua Correa was already on his way home after working through the night preparing hundreds of doughnuts for Shakopee locals and passersby.
The offerings at Wonders Ice Cream don’t look much like the scoops that other ice cream parlors offer, but that’s just the appeal of Eden Prairie’s new (and only) rolled ice cream shop.
While many health-conscious shoppers stock their own plates with produce from the farmer’s market, Mary Steen and Susie Clark have been stocking their stall with food for customers’ four-legged friends.
SouthWest Transit has declared this year’s Minnesota State Fair service a success, despite being in the red financially.
The Equal Employment Opportunity Commission (EEOC) is suing an Eden Prairie company for violating the Disabilities Act by firing an employee who needed crutches, according to a statement on the EEOC's website.
A three-time Olympic gold medalist will attend the ribbon cutting of an Eden Prairie business on Aug. 16, according to a news release from the business.
MEDINA — A large neon sign announces your arrival at Highway 55 Rental — the aptly named store sits on Highway 55 in Medina. Inside the store, party games line the walls along with tents, yard games, and anything else one might need for a graduation party, wedding or celebration.
EXCELSIOR — Excelsior Brewing Company is getting into the hard seltzer game to give non-beer drinkers an option when they visit the taproom.
Six months since Eden Prairie raised its tobacco purchasing age to 21, it's business as usual for retailers.
The “Oregon Trail” video game is famous for its matter-of-fact portrayal of the harsh conditions travelers faced on a journey across the U.S., from Missouri to Oregon. It was a popular educational game in the 1990s and early 2000s and is well-known for blunt phrases like “You have died of dy…
Workers at the Shakopee Amazon fulfillment center will participate in a strike on one of Amazon’s busiest days, Prime Day, July 15, from 3 to 6 p.m.
It’s peak summer, and there should be stalls of colorful produce lining the farmers’ markets of the southwest metro.
The name brought Amber Cox and Mike Stenkel to the newly-opened Winchester and Rye in downtown Victoria.
The Drycleaning and Laundry Institute awarded Best Cleaners with the 2019 Award of Excellence in Quality Cleaning and Customer Service, according to a news release. Best Cleaners has received the award 15 times since the program began in 2005.
When Kayla Casciano and Alex Heroff met their puppy, Minnie, it was love at first sight. The couple of nine years took her home that same day in December 2018.
MyPillow CEO Mike Lindell will be featured in the ninth episode of a new A&E television series called ‘Addiction Unplugged,” which will premier Aug. 24 at 1 p.m.
Stop by the Canterbury Park horse stables on a weekday morning, and you’d think you were in a different town. Trainers and groomsmen massage the calves of their horses, and jockeys nod their helmets as they ride past. Trucks glide through the dirt, kicking smoke in the air and into the nostr…
In the brewhouse, Jake Rimnac opened up a bag, pouring malt into the miller. Soon, another batch of beer was brewed at Badger Hill Brewing Company in Shakopee.
Target is recalling 90,000 USB charging cables made by an Eden Prairie company, according to a report from the Consumer Product Safety Commission (CPSC).
Two Eden Prairie High School seniors received scholarships from the Eden Prairie Chamber of Commerce at a luncheon on May 16.
A breast cancer diagnosis can affect all parts of a person’s life. Even after remission and recovery, scars from a lumpectomy or mastectomy can serve as a reminder of the pain of the past. That’s where Lorraine Dressel and Cathy Rieckenberg come in.
Trending Now in Eden Prairie
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- Spiritually Speaking: Remembering Dr. Martin Luther King Jr.
- Commentary: It is that time of the year
- No injuries after truck falls through ice on Mitchell Lake
- Crowds brave icy roads to enjoy fresh powder and a new pavilion at Winter Blast
- Eden Prairie dance team 3rd at Lake Championships, focus shifts to Section 2AAA
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- 11 March 2019
- Transport / Logistics Services
Alibaba and Office Depot have announced a strategic partnership aimed at changing the way US small businesses operate.
Initially the two companies will offer a co-branded online B2B destination that will makes it easier for its US clients to “one of the world’s largest catalogues of goods and manufacturing capabilities.” There will be exclusive discounts to some of the most essential products and services for small and medium businesses. The plan is for Alibaba and Office Depot to extend their services to include logistics and sales channels in the near future.
“Leveraging Office Depot’s trusted brand, local presence, and national distribution network with Alibaba’s global supplier network and well-known capabilities in serving SMBs, U.S. businesses can now access a wide array of products and services through Office Depot and Alibaba.com’s collaboration, which will empower them to compete and thrive,” Office Depot CEO Gerry Smith said.
The tie-in brings together Office Depot’s more than 10 million U.S. business customers, about an 1,800-person salesforce, a supply-chain network that can reach nearly 99% of U.S. businesses with next-day delivery and about 1,350 retail locations. Alibaba.com offers a global network of over 150,000 suppliers, a large catalog of product listings and manufacturing capabilities, as well as an online platform that offers end-to-end services that range from sourcing to logistics and payments to U.S. businesses.
After the initial launch, the companies intend to add cross-border and local logistics services that combine Alibaba.com’s global logistics capabilities with Office Depot’s national distribution and fulfilment capability, which can reach nearly 99% of US businesses with 24 hours. Office Depot’s supply-chain network includes a more than 1,000 private fleet trucks, 9 million square feet of distribution and fulfilment capacity, around 1,350 retail locations and dozens of third-party logistics partners, they said. Eventually, they aim to help U.S. SMBs, including Office Depot’s business customers, sell their products to buyers in the U.S. and around the world through Alibaba.com.
When asked about the future and implications for their respective industries, Caplan said, “Our mission is to make it easier to do business anywhere. We want to be an ally to all businesses, from SMBs to traditional wholesalers that serve SMBs. We believe our collaboration with Office Depot has great potential to be a catalyst for their growth and a competitive edge in the market, through digital transformation and fully leveraging the impressive assets they have assembled. This effort has the potential to create a new model for the entire industry. It’s time to start building bridges, not moats.”

domain: news


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£1.5bn Elephant plan in doubt
A £1.5 billion plan to redevelop the Elephant & Castle in South London is under threat after a secret deal by site owners to sell the shopping centre that is vital to the project.
The plan to create a new heart for the area and rebrand it as London South Central was launched by Southwark Council in 1998.
The developer, Southwark Land Regeneration, is to build new homes, offices, shops and leisure facilities, including a shopping centre eight times the size of the present one.
A central plaza designed by Lord Foster is also to be built over the two existing roundabouts.
SLR was expected to submit a planning application for the entire redevelopment. But talks between it and Southwark Council over how much commercial revenue each would receive have stalled, says trade magazine Estates Gazette.
And the delay has prompted UK Land, which owns the site for the shopping centre and adjoining office buildings, to open talks with quoted company CLS Holdings about selling it for £28 million.
CLS is thought to be close to buying the
3.5-acre site, but it is an integral part of the SLR plan and would sink SLR's plan to redevelop the centre into a
1.25 million square foot shopping and leisure complex.
A source close to CLS said: 'The SLR scheme seems to be taking for ever to get off the ground, and CLS has seen an opening.'
Last month, UK Land chairman Chris Tett said it was talking with 'various parties concerning the disposal of the centre'.
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Narrow your search
Developers say they'll create a Gingerbread build first, then move on to Honeycomb and Ice Cream Sandwich--just as soon as all team members get their fire sale tabs.
The team at TouchDroid has succeeded in developing drivers for the HP TouchPad that allow it to run Android 2.3.5, with full touch-screen capability.
Google's Android operating system has been targeted for a port to HP's TouchPad ever since the tablet went on sale for as little as $100. But the port has not gone very smoothly.
Known for creating their own modified Android builds for mobile devices, the folks at CyanogenMod are working on a mod designed to bring Android to the HP TouchPad.
The effort to port the Android OS onto the HP TouchPad appears to have splintered into two teams, as allegations stir a brief civil war.
In its quest to fully support Android on the HP TouchPad, the CyanogenMod team has succeeded in getting Wi-Fi, sound, and the accelerometer to work on an Android-enabled demo device.
Android on a TouchPad, Security in the Market, and Windows Phone v Android whose smart phone will reign supreme? We ask special guest Molly Wood about her Windows Phone Challenge. All that and more on this week's episode of Android Atlas Weekly.
On today's show, an earthquake appears to be headed right for us, and all we can talk about is HP and WebOS some more! Plus, Lenovo's baffling decision to drop the ThinkPad Tablet into the marketplace at $500, when fire-sale frenzy is at its peak. Um. Oops. And would Apple risk fragmenting the iPhone in order to get into emerging markets? We'll see. Oh, and quick hicks!
This week, we tried on the latest in semi-ironic pants-optional loungewear and drove the whole way without hitting a single red light. And we thought a whole lot about Steve Jobs.
Co-founder and CEO of iconic company resigns as CEO. Also: More Facebook privacy control and RIM spins music service.


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Cryptocurrency Expert Sees Opportunities Amidst Global Crisis
As the lockdown begins to nervously lift across the world, investment opportunities in traditional stock markets and cryptocurrencies couldn’t be greater, according to Don Guo.
The coronavirus pandemic has ruffled the feathers of global capital markets this year, causing the biggest crash in stock market indexes since the 2008 financial crisis while the likes of oil, and even cryptocurrencies, have fallen to gruelling lows.
And while this has caused understandable panic amongst traders and funds, it has presented a number of key investment opportunities moving into the second half of the year.
According to Don Guo, CEO of Broctagon Fintech Group, there are a few factors to consider when assessing an investment in 2020.
He’s stated these include:
“How long lockdown is likely to continue, new traders entering the market, demand for different types of assets and products and the possible impact of inflation on the markets.”
Guo continued: “While volatility continues there will be a plethora of cheap stocks and cryptocurrencies to choose from, as well as lower transaction costs. This won’t last forever, history shows us that recovery tends to be quick, and some countries are already beginning to relax lockdown measures.”
He also notes that as much of the world have either been furloughed or forced to work from home, an influx of new investors may enter the market, which could in turn peak interest in digital assets.
“As quantitative easing kicks in and inflation increases, crypto could also see an uptick in investor interest.” He added.
“With governments are forced to flood more fiat into the system to support businesses during the crisis, investors could turn increasingly to cryptocurrencies, which for the most part aren’t as reliant on government action. Should this trend continue, we could see bitcoin prices skyrocketing by the end of 2020, meaning those who had invested sensibly can use it as a hedge against the inflation of traditional currencies.”
And while Guo reiterates that nothing will recover in a “straight line” a lot of institutional investors will be sizing up opportunities as a result of relatively low prices across the board.
Read the article on Coin Rivet.
About Broctagon Fintech Group
Broctagon Fintech Group is a leading multi-asset liquidity and full suite FX technology provider headquartered in Singapore with over 15 years of established global presence in Hong Kong, Malaysia, India, Cyprus, Thailand, and China. We specialize in performance-driven and bespoke solutions, serving clients across more than 500 countries with our liquidity aggregator technology, brokerage, and exchange solutions suite, as well as enterprise blockchain development.


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Watch the online live stream replay of GMA-7's news program 24 Oras Weekend on Saturday, March 3, 2012 at 5:00 PM. on your computer or mobile device.
This YouTube live streaming video replay of the 24 Oras Weekend is courtesy of GMA News Online. This is only available to users in the Philippines. Click 'Play' button to start watching.
To watch today's live stream or the replay of the previous episodes of 24 Oras, click here.


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The initial findings of the Reportable Food Registry, presented via teleconference in late July, revealed 125 primary reports regarding incidents affecting food safety. “We’re putting out this report [now] so that the public can know what we’re learning,” said Michael R. Taylor, JD, Deputy Commissioner for Foods at the U.S. Food and Drug Administration (FDA). “Over time, we hope that this will build a body of information that can be useful for tracking trends and understanding the patterns of food safety problems.”
Included in the initial findings were two occurrences identified as “notable” by the FDA; the first resulted in a November 2009 recall of products that contained sulfites but were not labeled as such, and the second culminated in a February 2010 recall of hydrolyzed vegetable protein, an action that prevented 177 contaminated products from reaching store shelves. Taylor credited the registry, which has enabled more rapid sharing of information between industry and government, as being key to the prevention of more serious events impacting the health of consumers.
Registry Complements Existing Programs
Mandated by Congress and put into effect in September 2009, the registry requires manufacturers, processors, packers, and distributors of food items intended for human, livestock, or pet consumption to immediately report, via electronic portal, any incident that might impact product safety. The intent of the registry is to complement existing surveillance programs by helping the FDA track patterns of product contamination.
As information accrues, data from the registry may also suggest how the resources for on-site product inspection may be allocated. “We can’t be everywhere all the time,” admitted Taylor. “The registry helps by not having us rely on being at a facility or sampling the product ourselves.”
Although the registry received 125 primary reports in its first seven months, it also accounted for over 1,800 additional communications from secondary parties, those downstream in the product supply chain, as generated by the original incidents. Overall, Salmonella was identified as the hazard in 37% of cases, while undeclared allergens or intolerances accounted for 35% and Listeria monocytogenes was found in a further 13% (see Figure 1, above). The types of foods reported represented 11 different commodity categories, with the most common being animal feed or pet food (14 cases), seafood (12), spices and seasonings (11), and dairy products (10 cases).
The initial findings, though important, did not surprise Taylor. “This is consistent with what our experience has been with past recalls,” he said, while further cautioning anyone about drawing particular conclusions about current trends in food safety based on the registry to date, as there are too few data points to consider. Taylor also suggested that, even within the given time frame, the data set might be incomplete.
“Frankly, we don’t know what we don’t know in terms of incidents that should have been reported and haven’t been.”
Speaking to this last point during the teleconference was Kathy Gombas, Acting Deputy Director, Office of Food Defense, Communication and Emergency Response, who said there was some confusion on the part of industry regarding the registry rollout, prompting changes in the reporting mechanism and the drafting of a new guidance to clarify reporting criteria. “On May 24 of this year, FDA and the National Institutes of Health launched the Safety Reporting Portal (SRP), which is a new website for reporting several types of problems, including the reportable foods.”
The SRP is intended to be more user friendly than registry protocol. “At the same time, we have also issued a draft guidance document with questions and answers regarding the registry,” Gombas added. “A critical issue to be addressed is the meaning of ‘transfer’ as it pertains to what constitutes a reportable transference of a potentially tainted food product along the manufacturing chain.”


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Apple Inc. (NASDAQ:AAPL)’s iPhone 6 will get a boost from Apple Pay, Gabelli Funds’ Larry Haverty said in a recent interview on CNBC.
Apple Inc. (NASDAQ:AAPL), the Portfolio Manager said, has a lot of interest for the iPhone 6 and iPhone 6 Plus which they recently unveiled. He noted that statistics show that 75% of people in the Unites States who are interested in getting a new smartphone want to get the newest iPhones.Furthermore, Apple Pay, the recently-launched electronic payment system which involves Near Field Communication by the Cupertino, California-based giant, will change the cash register scenario, he said.
“I think you have to things: the male is going to want to get through [the cash register] as quickly as possible and the female – who is much better at cash registers than the male in the United States – I think is going to find that this is a very easy device to use relative to pulling out of her pocketbook [or] the credit card. I think once this Apple Pay gets started, you can see incredible product adoption from Apple,” Haverty said.
Moreover, Apple Inc. (NASDAQ:AAPL)’s stock is a good buy, Haverty said, owing to the company’s sound financial standing.
“You look at the stock, it’s a very reasonable stock. It sells at eight times trailing debt-adjusted EBITD [which is] the metric we use at Gabelli because we’re cash flow oriented. It’s way cheaper than any consumer product company. It has brand quality. It has technology and it has responsible financial management. Even someone as critical as Carl Icahn is applauding the management,” Haverty added.
Apple Inc. (NASDAQ:AAPL) has put on about $22 billion from the opening of the market and to the closing of after-market trading, Haverty said, and added that he thinks there is up to $200 billion more in gains for the company in the future.
Mario Gabelli’s GAMCO Investors has reported a stake comprised of 147,968 shares of Apple Inc. (NASDAQ:AAPL) by June 30. At the time the firm reported the stake, it was worth about $13.75 million.


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Twentieth Century Fox Consumer Products has put the final pieces in place as part of a division restructuring which was announced at last year's Licensing International.
With a renewed focus on long-term brand building, the division has hired Elizabeth Bohannon as vice president, global brand management, TV and Jonathan Linn as vice president, global brand management, film. To complete the new team, Nan Staddon has been appointed to the position of vice president, strategy and financial planning.
"These appointments finish the puzzle here at Fox Consumer Products and mark a new era in the way we approach long-term merchandising strategies for our portfolio," said Robert Marick, EVP of Fox Consumer Products. "Elizabeth, Jonathan and Nan have great backgrounds and a diverse collection of experiences that will help lead our division into a very bright future."
In their respective roles, Bohannon and Linn will lead brand strategy for some of the biggest television and film properties in the Fox portfolio. These include Glee, Family Guy, The Simpsons, Diary of a Wimpy Kid, Alvin and the Chipmunks, Avatar, Ice Age and Rio.


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US stocks rose on Friday, erasing some of the losses incurred earlier this week after concerns about persistent inflation and the resilience of the US economy increased volatility in recent sessions.
The S&P 500 is up more than 1.5% on the day Friday while the Nasdaq is up nearly 3%. Dow added more than 350 points. The sharp upward movement came after Federal Reserve Chairman Jerome Powell He confirmed in an interview with Public Market Radio on Thursday That two more rate hikes of 50 basis points were on the table for the next two Fed meetings, and that officials were not “actively considering” a more aggressive 75 basis point hike. his comments He echoed what Fed officials also said this week.
Just a day ago, the S&P500 closed within walking distance of a bear market, which is usually defined as a close of at least 20% from a recent record high. The index is down just over 18% from its Jan. 3 high through Thursday’s close, and is headed for a weekly decline of 4.7% if levels hold through the end of Friday’s session.
The Dow Jones Industrial Average and Nasdaq Composite also headed for weekly losses of 3.6% and 6.4%, respectively, based on Thursday’s closing prices. Treasury yields rose and then pared gains again this week, with the 10-year Treasury yield hovering around 2.9% on Friday morning. Bitcoin prices It recovered to trade above 30 thousand dollars after hitting its lowest level since December 2020, due to a collapse in prices color It resonated even more across the broader cryptocurrency market.
This week’s market volatility coincided with two major inflation reports that came in higher than expected. Producer Price Index for Thursday It showed an 11% year-over-year rise in wholesale prices last month, with only a slight moderation in that rate from March’s high of 11.5%. and the The Consumer Price Index was released earlier this week It showed a still-high 8.3% annual increase in the prices consumers paid last month.
“Inflation has certainly become not only an objective but also a real issue for the broader market, as the Federal Reserve has also increased its forecast for a number of [interest rate] A must visit,” Sonali Pier, Managing Director and Portfolio Manager at Pimco, Yahoo Finance Live on Thursday. “In terms of the impact of inflation, it’s really at this point, we’ll see if the Fed raises interest rates, undoes some of the balance sheet, it can remove some of the inflation churn. Because it’s so high, it’s starting to affect companies – from their ability Going forward from the perspective of pricing power, as well as consumers, whether it’s at the gas pump or as a result of increased food and the like.”
Other strategists agreed that the Fed’s response to inflation – and how well the economy holds up as the Fed tightens financial conditions to tackle inflation – will be the key factor to watch going forward in the markets.
“We are in an environment right now where inflation is high. The labor market is very tight. The Fed wants to bring down inflation. They want to sort of cool the overheating in the labor market, which means their bias is to tighten financial conditions and try to slow growth,” Jason Draho, head of allocation assets in UBS, He said on Thursday. “In this environment, it wouldn’t be great for any type of financial asset.”
“[Once] We got a kind of real cessation of inflation so that people become more comfortable than it is moderate and moderate [to] A sustainable level the Fed could be more comfortable, and they don’t have to raise it more aggressively… I think that’s the main catalyst,” Draho said. Unfortunately, it may be a few months before the data begins to clearly show that inflation is definitely below its peak, and the Fed can meet its target in two years.”
“So I think at the moment, it’s definitely a volatile market,” he added.
10:15 a.m. ET: Consumer confidence drops to lowest level since 2011: University of Michigan
Consumer confidence fell to its lowest level in more than a decade in early May, according to the University of Michigan, as inflation concerns persisted.
The Consumer surveys closely monitored by the University of Michigan The index fell to 59.1 in May’s preliminary report, sharply down from April’s reading of 65.2. The latest reading hit its lowest level since 2011.
The drop in sentiment was “widespread — relative to current economic conditions as well as consumer expectations, and was evident across income, age, education, geography and political affiliation — a continuation of the overall downward trend in sentiment over the past year,” Joanne Hsu, director of Consumer Surveys, said in a press release. Consumers’ assessment of their current financial situation compared to last year is at its lowest reading since 2013, with 36% of consumers attributing their negative assessment to inflation.
Consumer inflation expectations remained elevated in May, with the survey showing one-year inflation expectations unchanged at 5.4%. However, some strategists have suggested that the decline in risky assets over the past several weeks played a larger role in the decline in the main index.
“I would argue that the drop was largely a result of lower stock prices. We know U Mitch is more sensitive to markets,” Neil Dutta, head of economics at Renaissance Macro Research, wrote in an email Friday morning. “Inflation is a certain issue but the chain of inflation expectations has not changed.”
9:33 a.m. ET: Stocks opened higher
Here are the major moves in the markets as of 9:33 AM ET:
Standard & Poor’s 500 (^ Salafist Group for Preaching and Combat): +43.33 (+10%) to 3,973.41
dow (^ DJI): +241.55 (+0.76%) to 31971.85
Nasdaq (^ ninth): +189.64 (+1.67%) to 11560.61
raw (CL = F.): + 3.05 dollars (+ 2.87%) to 109.18 dollars per barrel
He went (GC = F.): – $24.60 (-1.35%) to $1,800.00 per ounce
Treasury for 10 years (^ degeneration): +9.8 basis points to produce 2.9150%
7:54 a.m. ET: Tesla shares jump in early trading after Musk says Twitter deal is paused
Tesla sharesTSLA(jumped more than 6% before the opening bell Friday morning after CEO Elon Musk said his $44 billion plan to buy Twitter)TWTR) temporarily, pending more details on how much Twitter’s usage base includes bot accounts.
“Twitter deal is temporarily on hold pending account backing up details that spam/fake accounts already account for less than 5% of users,” Musk He said in a Twitter post early Friday. He linked to a Reuters story indicating that filings on Twitter showed that fake or spam accounts make up less than 5% of the company’s monetized daily active users.
When announcing his deal to buy Twitter over the past month, Musk suggested targeting bot accounts and authenticating users was one of his priorities for the post-deal company.
Twitter shares sank 11% in early trading to hover around $40 per share.
7:45AM ET Friday: A jump in stock futures after Powell reconfirmed a 75 basis point interest rate hike not currently under discussion
Here is where the markets were trading before the opening bell on Friday morning:
S&P 500 futures contracts (ES = F.): +46 points (+17%) to 3,973.25
Dow futures contractsYM = F.): +262.00 points (+0.83%) to 31914.00
Nasdaq futures contractsNQ = F.): +206.75 points (+1.73%) to 12154.00
raw (CL = F.): +1.79 dollars (+1.69%) to 107.92 dollars per barrel
He went (GC = F.): – $7.90 (-0.43%) to $1,816.70 per ounce
Treasury for 10 years (^ degeneration): +9.8 basis points to produce 2.915%
6:10pm ET Thursday: Stocks open lower
Here’s where the markets are trading Thursday night:
S&P 500 futures contracts (ES = F.): -10 points (-0.25%) to 3,917.25
Dow futures contractsYM = F.): -73 points (-0.23%) to 31,579.00
Nasdaq futures contractsNQ = F.): -41 points (-0.34%) to 11906.25
Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter.
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With attendance running ahead of pace for the last two years, the Indianapolis Home Show wrapped up Sunday with home remodelers picking up the slack where central Indiana's homebuilding market has faltered.
"Most local economists that we have talked to agree that 2009 is the year that the market is poised for a recovery."
Home remodelers say they were surprised by the number of potential customers who have opted to fix up their current homes instead of building new.
"This is what they're thinking," said Joe Tiedman of Case Handyman & Remodeling of Carmel. "If I'm going to be here a while, I'm going to fix it up and enjoy it while I can so what they're ding is remodeling those 10-, 15-, 20-year old bathrooms, updating their kitchens sometimes with new cabinets, sometimes with new countertops, new hardwood, that sort of thing. People aren't having any trouble financing smaller projects."
Chris Cunningham of Service Plus Heating & Air Conditioning estimates he'll do $100,000 worth of business based on Home Show contacts.
"The start of this year has been wonderful for us. Sales are up 20% because of people replacing their existing systems and not just buying another home."


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With the iPhone 13 launch rumored to be just about a month away (or sooner), more tidbits are surfacing about the features Apple may include — and which ones may get left behind.
The latest report comes from Mark Gurman’s Power on newsletter for Bloomberg, and he reiterates what we’ve heard from other sources: that Apple won’t be including in-screen Touch ID for the new iPhones. It’s one more reason why some may want to wait for the iPhone 14 instead.
- Google Pixel 5a just put Apple on notice
- iPhone 13: 5 reasons I'm waiting for iPhone 14
- Just in: iPhone 13 alleged cases reveal biggest changes
As first reported by 9to5Mac, this is how Gurman lays out the bad news:
“While Apple had tested in-screen Touch ID for the next flagship iPhones, it won’t make the cut this year. I believe Apple is all-in on Face ID for its higher-end iPhones and its long-term goal is to implement Face ID in the display itself.”
That’s a great goal to have, but it ignores the more immediate need for Touch ID in the iPhone 13 for this generation. The CDC continues to recommend that even fully vaccinated people wear masks indoors in areas of substantial or high transmission. Unfortunately, right now that represents a whooping 95% of the country.
If Gurman’s reporting is accurate, the iPhone 13 will continue to rely on Face ID only through its TrueDepth sensor, which simply does not work when you’re wearing a mask. And unless Apple finds a way to identify people by the eyes and up, iPhone 13 buyers will need to enter their passcode each time they want to use their phone in public while wearing a mask.
If you own an Apple Watch, iOS 14.5 and up enables users to unlock their iPhones with ease while wearing a mask. But there’s lots of iPhone owners who don’t own an Apple Watch 6, Apple Watch SE or earlier Apple Watch.
Gurman goes on to say that Apple will provide one of two options for authentication on the iPhone going forward. For lower-end phones like the upcoming iPhone SE 3, Face ID could be implemented as it is now on current iPhones (notch and all). But for Apple’s flagship phones, Face ID could be built right into the display, such as for the iPhone 14.
Based on the rumors, the iPhone 13 lineup does appear to have a lot of other upgrades in store. These could include a faster and more efficient A15 Bionic processor, big camera upgrades like portrait mode video and astrophotography and improved 5G connectivity. Plus, we should see a smaller notch.
The iPhone 13 Pro and iPhone 13 Pro Max will likely be more exciting, as they are expected to feature always-on displays with 120Hz refresh rates. Fortunately, all four new iPhones are tipped to get bigger batteries as well.
It’s just a bummer that Apple may not include Touch ID in the new iPhone 13. I would have even gladly accepted that functionality integrated into the power button, just like the current iPad Air.
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Mark Spoonauer is the global editor in chief of Tom's Guide and has covered technology for over 20 years. In addition to overseeing the direction of Tom's Guide, Mark specializes in covering all things mobile, having reviewed dozens of smartphones and other gadgets. He has spoken at key industry events and appears regularly on TV to discuss the latest trends, including Cheddar, Fox Business and other outlets. Mark was previously editor in chief of Laptop Mag, and his work has appeared in Wired, Popular Science and Inc. Follow him on Twitter at @mspoonauer.
This is very disappointing indeed. There is no excuse for Apple to say that the technology is not mature, thus, they are not using. It just shows how sluggish they are in changing their design. On one hand, they are trying to win people over, on the other hand, they are dragging their feet on making useful enhancements to their outdated design. I don't need things like LIDAR for my camera, but with the mask that we need to wear nowadays, Apple should be prioritising changes that makes it easier for people to use.Reply


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highest paid news search results
Developer news items we found relating to highest paid
App developer's salary in 2021
Monday, March 1, 2021 by Richard Harris
Economic uncertainty from the COVID-19 pandemic brought forth new challenges, drastically altering the needs and expectations of businesses on the IT front. While a tumultuous year for many industries, proprietary data from Hired and Vettery, the largest AI-driven hiring marketplace, found that the tech industry is highly resilient, with continued demand and job growth ...
Mobile game players earning big money
Thursday, December 19, 2019 by Freeman Lightner
The highest-earning US mobile game player, Brian Dragatto, earned a whopping $290,000 from tournaments - five times what the average American gets in a year.
In second place is Randy Pfohl, earning $125,000 from mobile game tournaments.
The game of choice for the top American mobile game players is Turbo Racing League, with 6 out of the top 10 US players earning ...
Why app developers are choosing to freelance
Tuesday, January 31, 2017 by Richard Harris
Freelancing is increasingly becoming a career path that people are pursuing, and not only that, is one that could be leading to statistically higher work satisfaction than the traditional employment situation for many people globally. 50% of freelancers say there’s no amount of money you could pay them to take a traditional job, according to a study done by Freelancing ...
Five women who are destroying gender stereotypes in the gaming world
Sunday, November 13, 2016 by Richard Harris
The online gaming industry has largely been dominated by men as there were very few women playing the game competitively. Today, all that has changed with the entry of women in the gaming arena who have been open to experimenting with all forms of gaming. New research shows that women prefer to play online slots machines games. We take a look at the top five w...


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America’s millennial generation, the roughly 80-100 million people between the ages of 17 and about 35, might be one of the most misunderstood groups by service-oriented businesses.
Despite common refrains that describe millennials as self-involved, entitled or “Generation Me,” the fact is that they are relatively wealthy but frugal, environmentally conscious, no-nonsense, techno-savvy, connected, socially aware, diverse and open to new ideas.
And then there’s this key fact: In the next few years, Generation Y will make up roughly 40 percent of the U.S. population. If you’re in any business, dismiss millennials at your own peril.
Over the next few weeks, we’ll examine some of the driving forces behind their consumer habits and offer some tips on how businesses might become more appealing to Gen Y.
Lots of Spending Power, But Careful Where the Dollars Go
Take a step back and you find the “traditional experience” in the hospitality industry rapidly becoming a thing of the past as businesses adjust to a generation unlike any that preceded it.
Millennials want quality and convenience without the fuss and muss (and surcharges) of upscale living. They don’t care as much about overly attentive waiters or three-course meals when they go out to eat. They simply want to get in, get out and get on with their day.
That no-nonsense attitude is borne of some complex financial realities.
This generation exercises more than $200 billion in direct spending power every year, according to Hanover Research. The Pew Research Center estimates it even higher: $600 billion per year.
On the other hand, Gen Y has inherited one of the bleakest economies since the Great Depression and it owns a combined $1 trillion in student loan debt. According to a 2010 Pew study, 55 percent of 18- to 29-year-olds said they were watching their spending “very closely,” up from 43 percent for the same group in 2006. A 2012 Pew study found 36 percent of millennials still live with their parents.
Other research indicates the group is more conscious of spending on products or services they feel “give back” or are environmentally responsible. According to a global survey last year by the public relations firm Edelman, nearly half of consumers said they buy at least one brand supporting what they consider a good cause every month – a 47 percent increase from the same survey two years earlier.
What It All Means for Hospitality
Quickly translated, all this data means millennials might be willing to splurge on quality, but they are frugal – and mindful of where their dollars are going.
That has helped fuel the rise of fast-casual restaurants. Many Fast Casuals have responded to millennials’ social concerns. Chipotle, for example, is phasing out genetically-modified ingredients, and seems to be picking up customers as a result.
Fast Casuals also have been among the first to adopt leading-edge customer-service technologies that help them deliver the highest-quality, freshest foods quickly and at affordable prices.
One good example is the evolution of table tracking solutions that not only speed service, but also improve staff efficiency while clearing up clutter on tabletops (no more table tents!) and eliminating dining room confusion (no more wandering food runners!). The cashier simply gives each customer a small device that is placed on the table. That device sends that table’s number to a touch-screen display kitchen.
That touch-screen display plays an important role in assuring good service. It shows a running timer on each order. Diners get their food faster and fresher. If they don’t, a manager will know about it promptly.
The end result is a happy millennial. And today, that ought to be a goal for all hospitality businesses.
Find Out More About The Millennial Generation
Complete the form below to download the free eBook, The Millennial Mindset: Reshaping Hospitality, for more detail about why businesses need Gen Y-ers and how dismissing them can be fatal to your business.


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Everything you need to know about Evil Dead: The Game
Evil Dead is the next horror movie franchise to get the multiplayer video game treatment.
There is no shortage of upcoming action-focused horror games right now.
Back 4 Blood, Dying Light 2, Rainbow Six Extraction, Evil West, and more are announced and slated to release this year. That said, one licensed game is trying to stand out from the bunch — Evil Dead: The Game.
Announced at The Game Awards in 2020, Evil Dead: The Game reappeared during the Summer Game Fest Kickoff Event on June 10 ahead of E3 2021. If that new trailer about the game intrigued you, check out everything that we know so far about Evil Dead: The Game.
When is the Evil Dead: The Game release date?
Currently, Evil Dead: The Game has a simple 2021 release window. No specific release date or window within this year has been given just yet. That said, a game like this is a great fit for an October release around Halloween, so hopefully it's able to make that window. We’ll update this post when a specific date is confirmed.
Is there an Evil Dead: The Game trailer?
Yes! A brand new trailer for Evil Dead: The Game was released as part of Summer Game Fest Kickoff, and it gives a pretty thorough deep dive into what we can expect from gameplay. We see several iconic Evil Dead characters fend off the monsters from the movie as Bruce Campbell explains how the game works.
Check out the Summer Game Fest Kickoff trailer below:
Is Evil Dead: The Game a single-player game?
So far, no single-player story has been revealed for Evil Dead: The Game. As you can see in the trailer above, Evil Dead: The Game is actually a multiplayer game where four players can work together to survive hordes of Deadites and another player who is controlling the Kandarian Demon.
It appears to be a similar dynamic to titles like Friday The 13th: The Game and Predator: Hunting Grounds in that way. That said, the survivors are a little more aggressive in this game. Every character has unique weapons (Ash has his iconic boomshot and chainsaw, for example), and the Summer Game Fest trailer weapons, vehicles, and finishing moves that players have at their disposal.
During a match, players must try to find pages of the Necronomicon as well as other collectibles like lost tapes recorded by Raymond Knowby and magical artifacts. Once players collect enough, players will be able to use a spell to defeat the Kandarian and its Deadites.
As mentioned, another player can control the Kandarian Demon and possess enemies around the game's map, so players will have to outsmart it if they want to survive. It might not be the most original zombie game ever, but Evil Dead: The Game seems like it will be a fun multiplayer title for fans of the series.
Which Evil Dead characters are in the game?
Several classic Evil Dead characters will be available as part of the game, and they were all featured in the Summer Game Fest trailer. The following characters have already been confirmed:
- Ash Williams
- Kelly Maxwell
- Pablo Simon Bolivar
- Lord Arthur
These characters will all be working together as a team. That said, players can also take control of Kandarian Demon and hunt down other players. The developers have also teased that more characters will be revealed ahead of the game’s launch, so these aren’t all of the protagonists or evil creatures that players can control.
Who is developing Evil Dead: The Game?
Evil Dead: The Game is being created by Boss Team Games and Saber Interactive. Boss Team Games is a relatively new studio, with the only other game under its belt being the mobile card game Cobra Kai: Card Fighter, so Evil Dead: The Game has the potential to be their breakout title.
Meanwhile, Saber Interactive is a growing developer and publisher owned by Embracer Group that does both porting work and original projects. Saber created the 2019 sleeper hit World War Z video game, so hopefully, it’ll give the same love and care to Evil Dead. Renaissance Pictures, STUDIOCANAL, MGM, and Lionsgate are also attached to the project as they control the IP.
This is a new kind of game for Saber, so it has the potential to be quite big for them. Now, both teams just have to deliver a quality multiplayer horror title that can stand out from the zombie game crowd and be more than a cash-grab licensed game.
Evil Dead: The Game will be released in 2021.
This article was originally published on


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Today Green Hydrogen Systems released its 2021 annual report.
Sebastian Koks Andreassen, CEO of Green Hydrogen Systems comments: ”2021 was a pivotal year for Green Hydrogen Systems where we have continued our planned scaling of the business. We have grown our organisation by 134 employees (+250%) and moved from being a nascent R&D-focused start-up to a well-known market contender with global customer reach (…) Despite the disappointment of the initial delivery delays, we see progress in our production and technology industrialisation. The progress is also reflected in our expectations to 2022 with a significant increase in revenue compared to 2021.”
Read the complete report here: https://view.news.eu.nasdaq.com/view?id=be870c8ddfca05642fed275af87c1fdb1&lang=en
In connection with the announcement of the annual report, we will host an earnings call. The call will take place today March 2nd at 10:00 CET. Link to the conference:https://lnkd.in/eNSeJcFh


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Bitcoin Gold Enters the Civil War Battlefield - Bitcoinist.com
Bitfinex - Chain Split Token Terms
Bitcoin scalability problem - Wikipedia
How to prepare to Segwit2x and Bitcoin Gold
Segwit2x B2X price graph info 24 hours, 7 day, 1 month, 3 month, 6 month, 1 year.Bitcoin Gold Is About to Trial an ASIC-Resistant Bitcoin Fork. Bitcoin Gold was. the upcoming SegWit2X forks, Bitcoin Gold very specifically does not.
Bitcoin Forks - Is Bitcoin Gold a Scam, and How to Stay
BITCOIN - BITCOIN GOLD - Segwit2x Hard Fork (BTC - SteemitCoinbase recently posted an update on their support for two bitcoin hard forks, including Bitcoin Segwit2x and Bitcoin Gold.The eToro exchange announced they will support and credit users with Bitcoin2X but they will not support or provide customers with Bitcoin Gold, claiming lack of clarity.
Bitcoin Cash Price Storms to $850 After SegWit2x Fails to
October 24, 2017 by Alrick Update on Bitcoin Gold, Segwit2x and Bitcoin Cash.Bitcoin gold was created when bitcoin forked again in October.
Blog Bitcoin Gold (BTG. an official statement on how it plans to handle Segwit2x and Bitcoin Gold.After the Bitcoin gold fork and the upcoming SegWit2x fork, there is talk of another fork occurring.Bitcoin Gold intends to perform a wallet balance snapshot at Bitcoin block 491,407 but the actual Bitcoin Gold.
Bitcoin Segwit2x is a proposed change which is intended to improve the speed and cost of Bitcoin transactions.
Bitfinex - Statement Regarding Upcoming Segwit2x Hard ForkCEX.IO announces the potential changes on the platform before the upcoming SegWit2x and Bitcoin Gold forks.
It seems like I hear about a new Bitcoin fork almost everyday.
BitPay to shutter services during Segwit2x hard fork | ZDNetAmidst Doubts, the SegWit2x Hard Fork Fails. the Bitcoin Gold was formed to make Bitcoin mining process more.
Will This Battle For The Soul Of Bitcoin Destroy It? - Forbes
CoinGate on Hard Forks: Bitcoin Gold and SegWit2x
Everyone holding bitcoin will receive Bitcoin Gold on October 25 and Bitcoin Segwit2x on mid November.


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- 21 Jun 2013
- Reaction score
Western Digital has announced new storage drive in its G-Technology series - 'G-Drive USB-C'. The company says that the new drive has been developed keeping "creative enthusiasts" in mind and features high-capacity storage and USB Type-C connectivity, which allows it to charge the latest range of USB Type-C equipped laptops, including the popular MacBook series.
Western Digital's New G-Drive USB-C Hard Disk Can Charge Your Laptop | NDTV Gadgets360.com


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In a story Nov. 28 about throw pillows, The Associated Press misspelled the name of an outdoor furniture manufacturer. It is Woodard, not Woodward.
A corrected version of the story is below:
tap here to see other videos from our team.
Another thing to argue about: throw pillows
Throw pillows — an easy, inexpensive way to change a room’s look — have their detractors
By MELISSA KOSSLER DUTTON
It’s a well-known decorating fact that throw pillows are an easy and inexpensive way to change the look of a room. They can add colour, texture, interest or a dash of holiday cheer.
But that doesn’t mean everybody appreciates them.
The internet is full of women (and their interior designers) complaining that husbands don’t understand the decorative aspects of throw pillows. Pillow aversion among men is a real thing, says pillow designer Elaine Smith.
“It’s become a joke, but it’s only a joke because it’s true. They don’t understand why we need to have eight pillows on the bed,” she says.


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Information from Cointelegraph Markets and TradingView reveals that after bouncing off a low close to $47,000 on Sunday night, Bitcoin roared again above the $50,000 assist degree within the early buying and selling hours on Monday and climbed above $53,500 by mid-day whereas Ether (ETH) reclaimed $2,500.
Final week’s market pullback did little to gradual the mainstream adoption of cryptocurrencies as tales like NFL draft prospect Trevor Lawrence signing an endorsement take care of crypto portfolio-tracking platform Blockfolio and accommodations in Nigeria saying plans to simply accept Bitcoin as cost emerge every day.
On-chain evaluation tracks Bitcoin’s rising bullish momentum
Information from Glassnode reveals that on-chain switch quantity and the common transaction charges for the Bitcoin community hit new all-time highs within the earlier week because the community continues to get well from mempool congestion as a result of drop in hashrate that occurred as the results of an influence outage in China.
Evaluation of the Spent Output age bands, which element how lengthy BTC has been sitting in a pockets, signifies that newer token holders have been shaken out by the current dip whereas wallets which have been holding longer than 1 month noticed a decline in transaction exercise.
The info additionally reveals that wallets which have been holding for longer than 6 months haven’t seen a notable improve in spending because the market pullback in February.
Additional bullishness will be discovered when taking a look at miner accumulation which, in response to Glassnode, is at its highest degree since mid-2018.
Total, evaluation reveals that it was the newer palms available in the market that have been shaken out by final week’s correction, whereas the extra skilled crypto merchants have been glad to build up BTC from these nervous a few additional worth drop.
Altcoins rise as Bitcoin finds its footing
Bitcoin’s struggles over the previous week have allowed altcoins to step ahead and acquire market share with a lot of cash breaking out to new all-time highs and buying and selling quantity on decentralized exchanges on the uptrend.
The Ethereum-based DeFi lending platform Compound (COMP) spiked 17% in a single day to succeed in a brand new document excessive at $671 whereas the layer-2 answer Polygon (MATIC) surged 68% to a brand new all-time excessive at $0.576.
The Solana-based decentralized alternate Serum (SRM) noticed its native token worth escape to a brand new excessive at $11.47 due to elevated exercise on the Solana (SOL) blockchain community.
Solana worth gained over 120% up to now week and reached a brand new excessive of $48.46 on April 25 as its ecosystem continues to broaden and new initiatives launch on this layer-1 Ethereum competitor.
The general cryptocurrency market cap now stands at $2.004 trillion and Bitcoin’s dominance price is 50.3%.
The views and opinions expressed listed below are solely these of the writer and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer includes danger, you need to conduct your individual analysis when making a choice.


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Downtown businesses enjoy ‘merry’ Christmas, holiday season
Local downtown businesses noted a positive holiday retail season to close out 2017.
“This was a great season, it went fabulous,” said Peggy Andreasen, sales clerk at Kari’s.
Spencer businesses credited strong community support as well as new consumers shopping in the area as two reasons for the positive year.
“Christmas season was good, the year was pretty good, can’t complain at all,” said Dustin Grossnickle, owner of Brown’s Shoe Fit Co. “I know a couple stores have gone away, but our community really supports downtown. I think the way we do things, each store has a hometown feel that’s becoming more important to the millennial-type shopper.”
Others also credited the weather.
“Our Christmas season went very well, we didn’t have any snowstorms,” said Paul Thompson, co-owner of Carroll’s Bakery. “We probably sent out 30 dozen butterdeij the week before Christmas. ... Our sales are up, we’ll have a very good year.”
“Everyone was really good about coming out, it was great to see familiar and unfamiliar faces this season,” Andreasen said.
Interior designer Kalei Joynt, of Steffen Furniture, suggested community awareness about the depth of inventory in the area also played a role in the good holiday turnout.
“It was really nice actually, there were a lot of people in,” Joynt said. “It’s nice to see people in the downtown too. We had different people (shopping) that hadn’t been downtown shopping before, I think people are more aware that shops downtown have what they need, or can get what they’re looking for.”


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The Mercedes-Benz C-Class occupies a sweet spot in the German automaker’s product portfolio, and this is cemented by the fact that there have been over 8 million C-Class Estate and Saloon units sold since it was introduced back in 1982. That’s consistent top performance over five generations of the model line.
“With the all-new C-Class, launched last year, we continue a success story that spans more than 30 years, with no end in sight,” said Mercedes-Benz Cars marketing and sales head Ola Kallenius. He pointed out the ‘tremendous appeal’ of the C-Class as to why the model line continues to top sales within the company’s product range.
The C-Class traces its roots to the Mercedes-Benz 190, the carmaker’s first foray into a ‘midrange’ line. It was then the company’s smallest offering. In May 1993, the company unveiled its first car that officially carried the C-Class name. After three more years, the company introduced an Estate variant. In 2000, the company added a Sports Coupe version alongside the next generation.
Just take a look at these statistics: back in April, four out of every five customers chose a C-Class Saloon. That’s for the global market, with most going to the US and Chinese markets. In Europe, the Estate variant is highly popular as well. The Estate variant is quite popular among businesses, with four of every five Estate sales going to commercial clients.
During the first quarter of this year, the C-Class posted sales figures of 109,050 units, which represents a 57.8 percent increase over the same period in 2014. In April, 32,809 units of the C-Class were sold, showing continued strong performance from the model line.


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Some visitors to Amazon’s site received a busy signal Monday when they tried to download the digital version of Lady Gaga’s new album, “Born This Way,” which the online retailer was selling for 99 cents.
Amazon.com Inc. on Thursday said that, after less than four years of selling electronic books, it’s now selling more of them than printed books.
Amazon.com struggled Friday morning to restore computers used by other major websites such as Reddit as an outage stretched beyond 24 hours.
There are still problems accessing some web sites, because of trouble earlier Thursday at a data center run by Amazon.com.
Amazon.com Inc. wants to be more than a destination for shopping online: It also dreams of being a place where you can store your music, photos and videos and access them any time, from any computer.
Amazon.com Inc. is getting into the app-selling arena by opening an online store to distribute software for smartphones and tablet computers running Google Inc.’s Android operating system.
Google, Twitter and other technology companies are finding ways to help following last week’s earthquake in Japan. Google Inc. has an online “person finder” for people seeking information about a missing person.
Online shoppers subscribing to Amazon.com’s premium membership are getting a new entertainment feature that will allow them to watch movies over the Internet, just as they can through Netflix’s rapidly growing video subscription service.
Google Inc. is making the leap from digital librarian to merchant in a challenge to Amazon.com Inc. and its Kindle electronic reader.
It wasn’t immediately clear whether Amazon.com Inc. had pulled the item, or whether the author withdrew it.
Users are threatening to boycott the online retail giant over a self-published book on pedophilia that its author says has so far only sold one copy.


text: Congressman Dan Lipinski has sent a letter to the Chairman of the Federal Communications Commission to oppose the removal of consumer protections against ringless voicemail. Ringless voicemail allows callers to send messages directly to a cell phone voicemail inbox without first alerting the user that a call is coming through. A provider of this technology had been petitioning the FCC to exclude ringless voicemails from the definition of a phone call, which would exempt them from key consumer protections against autodialed calls established by the Telephone Consumer Protection Act. The Telephone Consumer Protection Act prohibits autodialed or prerecorded calls to cell phone numbers except in cases of emergency, to collect debts owed to or guaranteed by the United States, or when a customer has provided prior express consent for such calls to be made. This law is critical to stopping the flood of unwanted, disruptive calls to cell phones.


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Sephora launches The New Face of Sephora, a new personalized online and mobile experience with full social and in-store integration.
Sephora has given itself a make-over. A social and mobile makeover, that is. Sephora’s website now features an entirely new personalized online experience, mobile website, iPhone app and iOS devices in more than 100 stores. Sephora is also one of the first retail brands to fully integrate with Pinterest, adding “Pin It” buttons to every product and brand page.
Black Friday marked a huge success for Apple, with iPad sales 68 percent higher than in 2010, according to Apple Insider.
It’s no wonder analysts predict iPad sales to hit nearly 13.5 million units during the December quarter: these mobile devices continue to revolutionize the way we communicate, do business and organize our lives. Basically, our beloved iPads have become as essential as breathing in our fashionably tech worlds.
“Moving Targets: How to Connect and Engage Lifestyle Customers via Mobile Devices, Games & Apps” is a three-part mobile series on mobile sponsored by Fresh Concept Lab, creators of Stylmee, the fashion and lifestyle industries’ first 3D fashion iPad App.
To celebrate fashion, technology and consumer interaction, Stylelist.com and Saks Fifth Avenue teamed up to build an interactive window display at Saks’ New York flagship store for Fashion’s Night Out. The display featured a wall of 64 iPad 2s flanked on both sides by two grids of nine 27 inch Apple cinema displays. The installation streamed original Stylelist branded interactive imagery, live-streamed content from the newly redesigned site as well as user-submitted photos tagged with the #StylelistAtSaks hashtag from the event.
Have you ever wondered what it will be like to order food at a restaurant in the future?
The new restaurant, STACKED, is here to give us a glimpse into the future of the restaurant experience. The company smartly integrates the iPad into the restaurant, giving it a futuristic appeal.
Out of all the gems in the world, the Gems and Jewels iPad app is a true dazzler. The developers of The Elements and Solar System for iPad teamed up with the University of Chicago Press and Field Museum of Natural History to make this popular Gems and Jewels app.
FACT: The fashion industry loves the iPad. This digital tablet allows us to carry fashion with us and consume it in a fashionably digital way.
Two of our favorite magazines are collaborating on a new venture. Traditional Home, launched in 1989 by founder and editor Karol DeWulf Nickell, “celebrates the pleasures of modern life through classic taste.” This magazine


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Returns are a plague for retailers, especially those selling fashion online. Shoppers order items to try them on and often buy several at a time expecting to return what they don’t want. For every item sent back, companies run up costs for shipping and processing. Until the products reenter the system, they can’t go back up for sale. Those that arrive damaged or dirty may never return to inventory. The expenses add up and can eat away as much as a third of a company’s revenue, by one estimate.
But this week, big online fashion retailers reported the usual tide of customer returns has diminished amid the Covid-19 pandemic. It’s helping to plump their profit margins, and they say it comes down to changes in how consumers are shopping and what they’re buying.
UK retailer ASOS said yesterday (pdf) that it has seen a “significant and sustained reduction” in returns since April. The same day, Revolve, based in the US, called out a “meaningful decrease in the percentage of merchandise returned year-over-year” on a call with investors and analysts about its latest quarter. And Zalando, which is based in Germany and bills itself as Europe’s largest online fashion retailer, pointed to lower returns as a boost to its recent profitability on an Aug. 11 earnings call.
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Download Ilwareed Now.
Follow us on Twitter #ilwareed and Facebook #ilwareedonline


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Uni-Select Acquires Wilter Auto & Industrial Supply
March 6, 2015—Uni-Select Inc. announced Friday that Uni-Select Canada has purchased the remaining 50 percent equity interest of Wilter Auto & Industrial Supply.
Wilter, a long-term customer of Uni-Select, has been a wholesaler of automotive parts in Northeastern Alberta for over 25 years, and generates sales of approximately $25 million (Canada). Uni-Select now owns 100 percent of Wilter’s equity interest.
“Today’s announcement perfectly fits in our strategy to expand our network and accelerate our growth. It also underlines our commitment to strengthen our leadership in the Canadian automotive aftermarket,” Henry Buckley, COO of Uni-Select, said in a release.


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Morrisons is thought to be the first supermarket to own a recycling centre after buying a “significant stake” in a Fife site.
The hub will create 60 jobs and, once built, will turn 15,000 tonnes of soft plastics into new products every year.
It will reuse crisp packets and chocolate wrappers, among other flexible materials, from Morrisons’ warehouse in Bellshill.
Soft plastics are notoriously hard to recycle and are accepted by just a fifth of local authorities.
The centre will also process material collected by Cireco Scotland from organisations including NHS Fife and the University of St Andrews.
“Lots of work has been done by retailers to reduce plastic, but little to recycle what remains,” Morrisons procurement director Jamie Winter said.
“We’re taking on that challenge and making a significant investment in a state-of-the-art soft plastic recycling site.
“It’ll take problematic plastics, recycle them here in the UK, and give them a new life.”
Major grocers have been encouraged to lead the charge in reusing soft plastics by sustainability charity WRAP.
In May, it called on supermarkets to provide recycling bins for the materials by the end of the year.
WRAP strategic manager Helen Bird called the new centre “very encouraging”.
“We need to get collection services rolled out across the nation – from people’s homes in the future and from supermarkets in the interim,” she added.
“But ensuring the material is actually remanufactured into new products or packaging is key.”
Morrisons said that, by 2025, it will use the centre to recycle the same amount of plastic as it sells.
Iceland recently made a similar target as managing director Richard Walker backed away from its pledge to become “plastic-free” by 2023.
Instead, it will recycle waste that weighs the same as its “residual plastic footprint”.


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Why shareholders are celebrating.
Woolworths chairman Gordon Cairns notified shareholders this morning that the company has cut the ailing Masters chain loose.
“Our recent review of operating performance indicates it will take many years for Masters to become profitable. We have determined we cannot sustain ongoing losses from this business,” Cairns said in a statement to the Australian Securities Exchange (ASX).
Cairns said Woolworths would either pursue an orderly prospective sale or wind up of the business.
“This important decision allows Woolworths to focus its energy and resources on strengthening and executing its plans in our businesses,” he added.
While Cairns said that the company would move “as quickly as possible” he advised that the put and call options process will take at least two months to complete and following this a potential sale process or other exit process will take additional time.
“The business will continue to trade through this period. Our top priority is to do the right thing by all stakeholders,” Cairns concluded.
As a result of the news, Woolworths shares are up 5.1% on Monday at lunchtime while the stock price of Bunnings’ parent company Wesfarmers is up 3.0%.
This story first appeared in Appliance Retailer.


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Amazon’s new 700,000 robotic fulfillment center under construction in Waco will employ 1,000 workers with wages starting at $15 an hour, Amazon announced on Friday.
“We are excited for our future in Central Texas, and for what this means for our customers as we continue to grow. We’d also like to thank local and state leaders for their strong support in making this project possible,” said Alicia Boler Davis, Amazon’s vice president of global customer fulfillment.
Employees of the center will pick, pack and ship small items to customers such as books, electronics and toys.
“The Lone Star State is proud to celebrate another economic achievement for Central Texas with Amazon’s new investment in Waco,” said Texas Gov. Greg Abbott. “Texas continues to thrive as the nation’s premier destination for companies like Amazon thanks to our skilled workforce, diverse economy, and business-friendly model that promotes economic growth.”
Amazon employees more than 43,000 people in Texas.


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Brussels gets a grip at last on downtown tackiness
BRUSSELS, Belgium (AP) _ In 1848, Karl Marx and Friedrich Engels penned their Communist Manifesto — "a specter is haunting Europe, the specter of communism" — in a cabaret overlooking Brussels' spectacular Grand-Place.
Communism has come and gone and the cabaret is now a restaurant, still called The Swan. If Marx and Engels would see any specter there today, it would surely be the urban tackiness that over the years has encircled Brussels' central square.
The exquisitely preserved Grand-Place itself is a world heritage site that dazzles visitors year-round. But in the maze of narrow streets and alleys around it, the beauty of a Magritte sky framing centuries-old Flemish gables surrenders quickly to an ugliness stemming from years of planning neglect.
Walk into the Marche aux Fromages and you will find yourself in a garish "Kebab Alley" where cheeck-by-jowl Greek restaurants serve pita sandwiches under harsh neon light. Where the Mozart Hotel, inscrutably, blends Old Vienna with an over-the-top North African decor. Where plastic palms mark the Pizzeria Veneziana.
On the Rue de la Colline, chocolate shops vend brands unknown to most Belgians.
The Rue des Eperonniers boasts a grafitti-marred night shop, a tattoo parlor and the "Belgian Frit'N Toast" restaurant — a grease emporium whose yellow facade is not cheered up any by a huge, smiling bag of French fries.
"What we are seeing today is a visible decline in the quality of the historic area around the Grand-Place itself," says Christian Ceux, the Brussels city councilor for urban planning.
In a recent interview he said that the city plans to soon impose stricter design regulations on commercial activities in an area of about 1.5 square miles around the Grand-Place. A 14-page bylaw to that effect will be enacted by the end of 2008.
Advertising signs and outdoor menus will be limited in numbers and sizes. Only red and green awnings and parasols — the Brussels colors — will be allowed.
Neon signs will be banned. So will polyester window frames, mirrored glass, fancy light curtains, outside air conditioning units, fantasy flags, banners, garlands and flashing lights and texts.
The plans include steps to encourage people to live again in the city's historic heart. "Bricked-up stairwells must be reopened so that upper floors can become apartments again," says Ceux.
The aim is to restore dignity to centuries-old buildings that today are festooned with garish boardings, filthy awnings and brick facades ripped open to make room for ever more tables and chairs.
"The new rules will take effect gradually when existing permits expire or stores and restaurants apply for rebuilding or publicity permits," said Ceux.
"Most importantly, from now on these rules will be legally enforced."
To date, the city has had voluntary rules. That worked well on the Grand-Place itself but not the streets around it.
Nowhere is the decline of historic Brussels more spectacular than in the Petite Rue des Bouchers.
The narrow street links the Grand-Place to the Ilot Sacre, a warren of half a dozen streets brimming with restaurants, many of which serve nothing more challenging than paella, pizza, lasagne or spaghetti.
So dubious is the reputation of the Petite Rue des Bouchers — where labor law inspectors are regulars, outdoor shills hassle passers-by or lure them inside with chocolates — that the city refuses to advertise it in its tourist brochures.
Visitors who do their homework before going into the area will find only a handful of restaurants rise above the generally dismal quality of eateries. They include Vincent, L'Ogenblick, Aux Armes de Bruxelles and Scheltema.
"What I want to see happening," says Ceux, the city councillor for urban planning, "is that in 5 to 10 years visitors will find the streets in the heart of Brussels as clean and pleasing to the eye as the Grand-Place is today."


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SINGAPORE - Four products sold on e-commerce sites and social media platforms have been found to contain banned substances or laxatives.
Three of the products - Nutriline Thinsline, KiMiSo Dark Chocolate, and Wholly Fitz Passion Lemon Tea contain sibutramine, a banned substance that could increase the risk of heart attack and stroke.
The fourth, Nutriline Cleansline, contains the laxative sennoside, said the Health Sciences Authority (HSA) on Thursday (Sept 10).
The public should not purchase or consume these products said the HSA, adding that all sellers and suppliers must stop selling these products immediately as well.
The HSA said a woman had reported that she experienced extreme thirst, irregular heartbeat and loss of appetite after taking one sachet of Nutriline Thinsline.
Investigations by the authority found that the product was usually sold together with Nutriline Cleansline.
Both products had been marketed as natural supplements for weight loss and detoxification with claims to control appetite and increase metabolism of users.
A different woman alerted the HSA to KiMiSo Dark Chocolate. She suspected the product contained potent ingredients after reading reviews.
The product claimed to promote weight loss with no laxatives and no side effects.
HSA tested it and detected sibutramine and diphenhydramine, an antihistamine which causes drowsiness and can pose a risk in consumers who drive or operate machinery.
The products were sold on local e-commerce platforms such as Shopee and Qoo10, and social media platforms such as Facebook and Instagram.
The HSA has issued warnings to the sellers of these four products.
The authority has also directed the respective website administrators to remove the affected listings.
Consumers are advised to stop taking these products immediately and to consult a doctor if they are feeling unwell or are concerned about their health.
The HSA said the public should be wary of health products that carry exaggerated claims or deliver unexpectedly quick results.
"There is no quick and easy way to lose weight. Weight control should be achieved through a combination of balanced diet and appropriate exercise," added the authority.
Sellers and suppliers of products with banned and harmful ingredients will be prosecuted. If convicted, they may be jailed for up to two years or fined up to $10,000 or both.


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Juniper Research predicted growing investment in contactless mobile payment infrastructure would fuel user growth of more than 200 million over the next two years, citing emerging markets as key drivers of the rise.
In a report, the research company predicted mobile payment users will exceed 1 billion globally by 2024, up 60 per cent from 782 million users this year.
Juniper Research cited convenience as a key factor in the anticipated growth, alongside growing smartphone ownership. It predicted penetration rates for the devices in emerging markets will exceed 99 per cent in 2024, enabling an additional 67 million users to access cashless payments.
A growing availability of devices equipped with NFC was also cited as a factor, enabling users to eliminate cash or cards.
Research analyst Jordan Rookes, who headed the company’s study into the market, argued businesses involved in providing mobile payments through NFC “must maximise convenience by offering further payment options” citing buy now, pay later as an example because it “allows consumers to pay in several instalments, making high-value purchases more affordable”.


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Home Authors Posts by Fibre2Fashion
Garment Manufacturers Association of Cambodia (GMAC) president Van Sou Ieng and secretary general Ken Loo met members of the European Parliament’s Committee of International Trade (INTA) in Brussels last week to discuss and lobby for retaining Cambodia’s ‘Everything But Arms’ (EBA) benefit. Sou Ieng said he met 27 INTA members, including its chairman.
Cambodia has seen remarkable improvements in labour standards in the garment and footwear industry, according to a recent International Labour Organisation (ILO) report.
Cambodia’s potential loss of its Everything But Arms (EBA) preferential trade access to the European Union (EU) would weaken its economic growth and lead to a credit negative, Moody's Investors Services has cautioned. With a B2/stable sovereign rating, it would undermine the price competitiveness of its garment exports unless they are offset by productivity gains.


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Here is a roundup of people recently on the move:
Anabel Ramos Acevedo was appointed spa director at Rosewood San Miguel de Allende in Mexico. Most recently, Acevedo was spa manager at Feel Urban Day Spa by Live Aqua in Mexico City.
Thanyapura Phuket in Thailand named Nathaphat Asavathanachart director of communications and Belinda Gates director of marketing.
Sixty Hotels named Dianna Balabon senior vice president of sales and marketing.
Nicholas Barger was appointed general manager of The Essex in Essex Junction, Vermont. Previously, Barger was director of rooms at The Modern Honolulu.
The Ritz-Carlton, San Francisco, appointed David Burt director of sales and marketing.
Commune Hotels & Resorts named Brad Cirino area director of sales and marketing and Brett Orlando regional vice president overseeing Commune’s US East Coast portfolio.
Spire Hospitality named Tim Corder regional director of sales and marketing, Dennis Lanners vice president of food and beverage and Dick Turner vice president of operations.
Gregory Day was named president of luxury hospitality at Mani Brothers Real Estate Group and general manager at Malibu Beach Inn in California. Previously, Day was general manager at Shutters on the Beach in Santa Monica, California.
Anthony Dupont was appointed director of sales and marketing at Indigo Pearl in Phuket, Thailand.
Serge Ethuin was named general manager of Hotel Metropole Monte-Carlo in Monaco, France, effective December 15.
Sonesta Gwinnett Place Atlanta named Ron Frierson and Shivon Stewart sales managers.
Roseann Grippo was named general amanager at Waterstone Resort & Marina – A DoubleTree by Hilton in Boca Raton, Florida. Most recently, Grippo was senior director of beverage operations for Royal Caribbean’s Quantam of the Seas and Anthem of the Seas, the largest Royal Caribbean ships to date.
Robert Herr was appointed area general manager for the Phoenicia and Le Vendome InterContinental hotels in Beirut, Lebanon, effective September 1.
Sheraton Melbourne Hotel appointed Achim Herterich executive chef. Previously, Herterich was executive chef and owner of Kuche Inspirational Food.
The Drake Hotel in Chicago appointed Doug Hewitt director of sales and marketing. Most recently, Hewitt was regional director of marketing for the Pyramid Hotel Group.
Conrad Centennial Singapore appointed David Laval executive chef.
Francois-Olivier Luiggi was appointed general manager at The Pierre, A Taj Hotel, in New York. Most recently, Luiggi was general manager at Langham Place, Fifth Avenue in New York.
Julian Moore was named general manager at Park Hyatt St. Kitts. The property is expected to open in late 2016 and will be Park Hyatt’s first resort in the Caribbean.
Noble House Hotels & Resorts promoted Sean Mullen to president of acquisitions. Previously, Mullen was chief sales and marketing officer at Noble House.
Katy Powers was promoted to resort manager at The Wigwam in Phoenix. Most recently, Powers was director of food and beverage at The Wigwam.
Troy Smith was appointed director of sales at Solage Calistoga in California.
Craig Syphers was appointed general manager at Pan Pacific Orchard, Singapore. Most recently, Syphers was general manager at Parkroyal Melbourne Airport.


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3:00 PM Frankfurt – Abn Amro first quarter profit declined 17% and ASDA online sales climbed 16%. Flsmidth profit for the quarter plunged 86%. Intertek operating profit margin for the quarter narrowed. SSE agreed to acquire Dunmaglass wind farm for £200 million.
In London trading, FTSE 100 index gained 0.5% or 35.6 to 6,723 and in Frankfurt the DAX index rose 0.4% or 32.4 to 8,402.
In Paris, CAC 40 index increased 0.9% or 37.8 to 4,017.
Abn Amro Group N.V.
, the Netherlands based bank reported net interest income in the first quarter ending in March jumped 5% to €1.31 billion from €1.24 billion a year ago. Profit for the quarter declined 17% to €415 million compared to €503 million
Impairment charges on loans and other receivables in the quarter slipped by €225 million and operating income dropped by 11% to €1.71 billion. Assets under Management of private banking in the quarter grew by €2 billion to €165.1 billion.
ASDA Group Limited
, the UK based low-price supermarkets operator that owned by retail Wal-Mart of US, reported like-for-like sales in April rose 1.3% in 2012. Sales recovered after the horse meat scandal and sales increase in the first quarter ending on April 12. Online sales in the first quarter climbed 16%.
AP Moeller - Maersk A/S
jumped 2% to DKK39,960 after the Denmark based shipping and logistics company said revenue in the first quarter ending in March fell 2% to $14.05 billion from $14.33 billion. Profit for the quarter declined 33% to $790 million compared to $1.18 billion.
Flsmidth & Co A/S
plunged 10.6% to DKK299 after the Denmark based cement and minerals maker reported revenue in the first quarter ending in March climbed 17% to DKK5.65 billion compared to DKK4.83 billion. Profit for the quarter plunged 86% to DKK34 million from DKK241 million.
The company said order intake declined 22% to DKK5.03 and order backlog slid 3% to DKK28.58 billion.
The cement maker reaffirms full year consolidated revenue between of DKK27 billion and DKK30 billion.
Intertek Group Plc
dropped 3.2% to 3,342 pence after the UK based quality and safety solution provider stated operating profit margin for the first quarter narrowed from a year ago period and net income of minerals segment declined. Sales per year since 2007 increased 22% on average and organic revenue for the quarter jumped to 7%.
rose 0.3% to 1,598 pence after the UK based electricity supplier agreed to acquire Dunmaglass wind farm project from Renewable Energy Systems Group. The total investment in the project is expected to be around £200 million.
SSE expects to begin full construction of wind farm in late 2013 and complete in early 2016.
Wm Morrison Supermarkets
gained 1.3% to 286.36 pence after the UK based food retailer agreed to acquire Ocado Group plc, to enable Morrison to commence grocery deliveries to customers by January 2014.
Morrison agreed to pay £170 million to Ocado to acquire Dordon and associated mechanical handling equipment as well as license and integration fee.
After the agreement, shares of Ocado surged 29.5% to 261.50 pence at London stock exchange.


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NeuLion unveils All-Access UFC Mobile App for Android Platform
Multi-Device Offering Is Key Towards Continued UFC Growth
The Ultimate Fighting Championship(R) (UFC(R)) and NeuLion, Inc. (TSX: NLN), the true end-to-end technology service provider for delivering live and on-demand content to any Internet-enabled device, today announced the debut of UFC mobile app app for Android. Fans of the UFC can stream live Pay-Per-View events vía UFC.TV, Roku and now Android.
This announcement deepens the UFC’s partnership with NeuLion and extends the reach of the organization to the mobile marketplace and will enable the UFC to capitalize on the continued growth of the Android platform. Android commanded 44 percent of mobile app downloads in 2010, according to a study released by ABI Research and Nielsen in September. In addition, twice as many consumers in the U.S. purchased Android smartphones compared to Apple’s iPhone in 2011*.
“We’re always trying to stay ahead of the curve with technology and the UFC TV Android app is just another example of that,” UFC President Dana White said. “With our new UFC TV Android app, fans can keep track of their favorite fighters and watch UFC Pay-Per-Views live. We’re leveraging NeuLion’s streaming capabilities for live sports events and continuing to give our fans unique access to the UFC.”
Developed by NeuLion, the UFC TV Android app features:
• Live streaming of Pay-Per-View events, weigh-ins and press conferences
• Multiple live video and audio feeds during the broadcast: English, Spanish, Red Corner and Blue Corner
• Ability to score the fight in real-time and get an aggregate of every vote
• UFC fighter index sortable by weight class. Each fighter’s profile has key stats – wins/losses, height, weight, etc.
• Access to the UFC Fight Library of video
• Free videos including: event countdown shows, fighter interviews, press conferences, event previews, fighter workouts and other UFC free video content
• TV schedule
• Video highlights and VOD events
• Constantly updated news section featuring articles about the latest UFC fighters, events, interviews and profiles of fighters
“Major sports brands and sports leagues understand that delivering mobile access for their content is key towards continued growth,” said Marc Sokol, Executive Vice President at NeuLion. “The new UFC TV Android app showcases how a dynamic sports brand can utilize mobile to further their relationship with their fans.”
Visit the Android Market to download the UFC app for your Android device today.
*For the three months leading up to the study.


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Tesla Opening Two-Storey Center in Ribe, Denmark, This Weekend
Tesla is gearing up for the grand opening of a new two-storey sales center at Ole Rømers Vej 11 in Ribe, Denmark on Saturday, November 26 (via @TSLA_Ownrs_DK).
Grand Opening of @Tesla’s new two-storey center in Ribe, Denmark on saturday, November 26 at 11 am at Ole Rømers Vej 11 🇩🇰⚡
— Tesla Club Danmark (@TSLA_Ownrs_DK) November 23, 2022
The all-electric automaker will hold an opening ceremony for the new location at 11 a.m. local time. It will be open to the public, and anyone can come by to test drive a Model Y, take a tour of the facility, and talk to the Danish Tesla team about the new entry-level Model Y Rear-Wheel Drive (RWD).
Tesla launched a Standard Range trim of the Model Y with a Rear-Wheel Drive setup and 276 miles of WLTP-rated range in Europe back in August. It is meant to be a budget offering, even undercutting the Model 3 in many countries.
The European Model Y RWD features lithium iron phosphate (LFP) batteries, the same ones found in the Model 3 RWD. LFP batteries can be charged to 100% and are cheaper and easier to maintain.
Tesla was expected to produce the Model Y RWD for the European market at its Gigafactories in Shanghai, China, and Berlin, Germany. First deliveries of the entry-level Model Y RWD variant are expected to start between November 2022 and February 2023 across Europe.
Tesla is also preparing a Model Y Standard Range with an All-Wheel Drive (AWD) configuration and 4680 batteries for the U.S. market, according to reports. This upcoming trim has already received EPA approval and is expected to launch in 2023.


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Author: Aditya Raghunath
Estimated read time: 4 minutes
Publication date: 3rd Jul 2020 14:57 GMT+1
The COVID-19 pandemic has pummelled stocks across sectors. Companies in the airline, retail, tourism, and hospitality industries have been decimated in the first six months of 2020. Due to countrywide shutdowns, consumer spending has fallen off a cliff. This tepid demand environment had a grave impact on businesses that resulted in a massive spike in the country’s unemployment rates.
However, there are a few companies that have been immune to the dreaded coronavirus. Companies in the technology space have been some of the top-performing stocks amid the COVID-19 carnage. While the S&P 500 and Dow Jones are still trading 3.9% and 9.6% respectively year-to-date, the tech-heavy NASDAQ has gained close to 12% in the first half of 2020.
Here we look at three large-cap stocks that are coronavirus proof and have crushed the broader equity markets.
A collaboration company
Shares of collaboration company Zoom Video (NASDAQ: ZM) have outperformed the equity markets in 2020. As the COVID-19 pandemic kept people at home, the work from home trend accelerated, increasing the demand for Zoom’s collaboration tools and products.
Further, as schools and colleges were shut, educational institutes conducted classes online which further give a boost to Zoom products. Zoom Video stock is up a massive 268% as a result, indicating a market cap of $71.5 billion.
Zoom stock remains a top buy as the work from home trend is here to stay. The remote work culture is just beginning to catch on, which will be a major tailwind for this tech stock. However, Zoom Video is also competing with giants such as Microsoft (NASDAQ: MSFT), Cisco (NASDAQ: CSCO), and Alphabet’s (NASDAQ: GOOG) Google in the collaboration space.
That said, investors and analysts remain bullish given the company’s tremendous growth in a crowded vertical. Zoom Video ‘s daily meeting participants had grown to 300 million in April, up from just 10 million back in December 2019. Its fiscal first-quarter sales rose 169% to $328.71 million, up from just $122 million in the prior-year period.
Zoom Video continues to touch record highs despite its lofty valuation.
A streaming giant
The second stock on the list is streaming heavyweight Netflix (NASDAQ: NFLX). As entertainment options amid the pandemic have been few and far between, Netflix has experienced a significant surge in subscribers.
Similar to other home entertainment services, Netflix saw a temporary rise in viewing, and this accelerated membership growth in Q1. The company’s revenue in Q1 was up 27.6% at $5.76 billion as streaming membership increased by 22.8% to 182.86 million. In the second quarter, Netflix has forecast membership growth at 25.6% while revenue growth is estimated at a healthy 22.8% year-over-year.
Netflix added 15.8 million subscribers in Q1, more than double its estimate of 7 million. Netflix’s management has confirmed that the recent uptick is not sustainable. It expects this growth to decelerate as normalcy returns. Further, the high growth streaming segment has attracted multiple players including Disney+ (NYSE: DIS) and Apple TV+ (NASDAQ: AAPL), in addition to a string of small domestic competitors in international markets.
Netflix stock is up 41% in 2020 and I believe it will be rangebound in the second half of 2020.
A remote work enabler
Similar to Zoom Video, there is another tech stock on our list of coronavirus-proof companies. DocuSign (NASDAQ: DOCU) stock has gained 135% in 2020 and is one stock to watch out for. This company operates in the e-signature space where it has a 70% market share.
In the first quarter, company sales were up by 39% year-over-over-year which was higher than its growth rate of 35% for 2019. The company generated over 95% of sales from subscriptions which makes it a strong bet for the upcoming decade. A subscription-based business model ensures recurring revenue and offsets business cyclicality.
The company has over half a million paying customers including seven of the top 10 global technology companies, 18 of the top 20 global pharma companies, and 10 of the top 15 global financial companies. DocuSign has forecast its total addressable market at $50 billion, providing it enough room to expand sales in the long-term.
Disclaimer: The writer is an experienced financial consultant who writes for Finscreener.org. The observations he makes are his own and are not intended as investment or trading advice.
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