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Prior to the imposition of EU sanctions, the main shareholder of Russian TUI and oligarch Alexei Mordashov briefly rearranged his stakes in the travel group.
He transferred a 4.1 percent stake of his previous 34 percent stake to his Russian holding company, Severgroup. Tui announced this on Friday.
He sold his stakes in Unifirm to a company called Ondero Limited in the British Virgin Islands, which is considered a tax haven.
Alexei Mordashov, the main shareholder of Russia’s TUI, reorganized his stakes in the travel group shortly before the imposition of EU sanctions. Of his previous 34 percent stake, which he had through Unifirm in the EU state of Cyprus, he transferred a 4.1 percent stake to his Russian holding company Severgroup, TUI announced Friday evening in Hanover. He sold his stakes in Unifirm, which he owned through two subsidiaries, to a company called Ondero Limited in the British Virgin Islands. Both happened accordingly on February 28.
According to the information, Ondero Limited now owns a 29.9% stake in Tui through Unifirm, making it the largest shareholder in the world’s largest travel group. “We don’t know who the Ondero shareholders are,” a TUI spokesperson said Saturday. This leaves open the question of whether Mordashov is one of them. The Virgin Islands are a tax haven where many shell companies are located. From the environment of Tui’s supervisory board, no further information was available about the meaning of Saturday’s stock turnaround.
By converting less than 30 percent of Tui’s shares, Mordashov avoided Ondero having to make a takeover bid for the German travel group. On the evening of February 28, the European Union imposed sanctions on several Russian oligarchs, including Mordashov. Since then, their assets in the European Union have been frozen and their freedom to travel restricted. It appears that the Russian acted at the last minute by reorganizing his shares in Tui.
Mordashov is the main owner of Russian steel group Severstal and was also the largest shareholder in Tui until at least the end of February. After the EU sanctions were imposed, he resigned from the travel group’s supervisory board on Wednesday. “The objective of the EU sanctions is that Mr. Mordashov can no longer dispose of his shares in Tui AG,” the group said. This is to prevent Mordashov from making revenue or profits from his stake in Tui.
The luxury Mordashov yacht “Lady M” has been seized, Friday, in the port of the Italian city of Imperia, Italian police confirmed, today, Saturday.
Telephone / DPA


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Gartner: Based on figures to date, Gartner predicts that PC shipments will hit 376.6 million units in 2010, an increase of 22 percent from the year before. Revenue from PCs will also grow but more slowly to reach $245.4 billion for the year, an increase of 12 percent.
Much of that growth will be driven by consumer demand. While consumer PC shipments will increase 29.5 percent, business PC shipments will grow 13.1 percent.
"In the professional PC market, the aging life of PCs will drive replacements. Organizations will find it tougher to further extend PC life cycles without incurring more costs," said Gartner's Ranjit Atwal. "This, together with the adoption of Windows 7, will generate robust demand in the professional market. Larger businesses expect to start replacements in the second half of 2010, with the majority replaced in 2011. We now expect Windows 7 migration to last through 2012."

domain: news


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App Would Allow New Yorkers to Share Privately-Owned Cars With People Nearby and Earn Income
March 6, 2017 — Getaround, a peer-to-peer car sharing service providing individuals with the ability to rent cars from people nearby by the hour or the day, has stepped up its advocacy effort aimed at bringing its fast- growing rental community to New York. Earlier this week, Getaround initiated a media buy to amplify the benefits of its service, and simultaneously intensify its advocacy efforts in Albany.
Getaround empowers car owners to share their car when they aren't using it with people in their neighborhood who don't own a car but need one from time to time.
"Getaround puts people at the center of how transportation is evolving across the U.S.," said Jessica Scorpio, Founder and Chief Marketing Officer of Getaround. "Car owners get paid for each trip, helping recoup the rising costs of car ownership, often the second-highest household expense in the U.S. For renters, Getaround complements traditional public transportation and innovative ride sharing services like Uber and Lyft, making it easier than ever for people to live car-free."
Peer-to-peer car sharing services currently operate in 49 states. According to Scorpio, well over 10,000 New Yorkers have already signed up with the car sharing service and are waiting for Getaround New York to be launched. In cities across the U.S., nearly 500,000 people are sharing cars with people nearby thanks to Getaround.
Renting cars on Getaround is easy: Getaround empowers car owners to safely share their cars by the hour with other people nearby. Combining Getaround ConnectTM, the company's patented connected car technology, with auto insurance coverage for every trip, Getaround creates a seamless sharing experience. Renters can search for cars nearby using the Getaround app or website, instantly book available cars without waiting for owner approval, and locate and unlock the car using their phone.
Along with bipartisan support for amending New York's insurance law to allow peer-to-peer car sharing, this legislation has the support of the environmental community (NRDC), the business community (The Business Council of New York State), academics (NYU's Arun Sundararajan) and a number of major neighborhood groups, representing over a million New Yorkers.
"New York is the only state in the country that does not allow car sharing, this needs to change," said Senator James L. Seward (Oneonta). "Car sharing will allow New Yorkers to meet their daily transportation needs without having to own a car, saving them thousands of dollars per year. This is good for local residents, the environment and our state economy."
For New Yorkers, it's a local economic stimulus made possible by generating additional income from the assets they already own. On average, car owners earn $500 a month by sharing their car on Getaround while it's not in use.
What's more, Getaround's carsharing platform will unleash significant economic, environmental and transit benefits at scale. If 10,000 New Yorkers share their car on Getaround, it can take 100,000 other cars off the road, offset up to 1 billion pounds of carbon pollution, and inject millions of dollars directly into local economies every year - at zero cost to taxpayers.
"Car sharing companies like Getaround have the potential to provide significant economic benefits to the state and its residents, especially middle and lower income families," said Senator Seward. "These are the innovative companies we need to move our economy forward - now is the time to support car sharing in New York State."
By combining Getaround Connect TM , our patented connected car technology, with streamlined auto insurance coverage, Getaround creates a seamless and fun sharing experience. Owners share cars ranging from a smart to a Tesla, earning thousands in extra income each year to offset the high cost of car ownership, while making a positive impact on the environment. Getaround users can conveniently rent nearby cars and save money on auto payments, insurance and maintenance. For more information, visit Getaround.com , like us on Facebook , or follow-us on Twitter and Instagram.


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Top Flavor Farms has a great reputation in the industry for quality, innovation, and advocacy. What does it take to reach that level of success?
After a series of romaine-linked outbreaks, Top Flavor’s Mike Clements is confident the industry is coming back.
Compare these lettuces to see which varieties you’ll want to grow.
USDA’s long-awaited 2017 Census of Agriculture has finally arrived. Find out which vegetable crops are growing — and shrinking — the most.
From harvesting to fertilization, growers continue to improve yield with new technology.
ReLoad, a unique crop protection formula from Belchim USA for control of downy mildew plus other diseases, receives EPA registration.
PlantTape solution could reduce required workers by 80%.
In the years leading up to 2018, leafy greens and romaine saw a surge in sales. In the weeks following the Yuma outbreak, sales dropped in double digits.
Sym-Agro says AVIV is the industry’s first clear, non-staining Bacillus product on the market.
This past year, romaine-related outbreaks hit the leafy green industry hard. Here are the steps it’s taking to ensure a healthy future.
After calling for those in the U.S. food chain to destroy all romaine lettuce last week, FDA and […]
Efforts being made on labeling to show where the lettuce is grown so Arizona and Florida growers can still bring their crop to market.
With the latest romaine-linked foodborne illness outbreak making news, here’s a look back at the three previous outbreaks. […]
After the leafy greens industry took extensive steps to prevent another outbreak following last spring’s deadly Yuma-AZ-linked romaine E. coli scare, the CDC announced a new multistate outbreak is occurring.
More sharp eyes are being turned toward technology aimed at solving challenges in the lettuce and specialty crop industries.
Government agency outlines a number of improvements, similar to what the LGMA is recommending.
Compare these varieties types, color, disease resistances, and other features to find the right one for you.


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Imperial Frozen Foods, the latest chilled foods company to have a presence close to our ports, last week cut the ribbon on its state-of-the-art $2.4 million processing facility on Eli Whitney Boulevard.
Founded in 1938 as Fruitcrest Preserve Co.
The crew of the Newlead Castellano, the cargo ship that's been sitting idle off the coast of Tybee for months, will finally get a chance to test out their land legs today.
The ship, which had been seized by U.S.
NEW YORK - The deep-fried Twinkie is jumping from the state fair to the home freezer.
Hostess Brands, the maker of lunchbox treats like Ho Hos, is launching packaged "Deep Fried Twinkies" starting Friday that mark its first foray into frozen foods.
You gotta catch them all - customers that is.
Since the "Pokémon Go" craze took off earlier this month area businesses are increasingly looking to get in on the fun by offering discounts and other promotions for players.


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Taking a cue from slight upticks in the national economy, Americans are braving the damp November weather to go shopping more than at any time since last June. The FT reports:
Opinion about current conditions ticked up to 76.6 from 75.1, while the gauge of expectations for the next six months jumped to 56.2 from 51.8. Both measures were also at their highest level in seven months.“The modest rebound in equity prices in recent weeks explains most of the rise,” said Paul Dales, senior US economist at Capital Economics. Yet he noted that since hitting a low of 55.7 in August, the index has retraced only half of its decline from 77.5 in February, and is still significantly below its long-term average of 86.
More good news comes from a Gallup survey, which reports that consumers plan to spend more money this holiday season than they did last year.Rising consumer spending is not, on its own, a sign of economic recovery, but put this together with some encouraging news on the jobs front and growth front more generally and it is hard to avoid the conclusion that the American economy is slowly moving into a recovery.That could still be derailed; just as in 1931 a European financial crisis knocked the United States back into an even deeper depression things could still go awry here. But just as trees don’t grow to the sky, holes don’t go all the way to China. For three hundred years market economies have been cyclical. The safest economic prediction anybody can make is that “This, too, shall pass.”That still looks true today.


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The new Burlington Store in Deptford has its official opening on March 20th, 2015. I had heard this a few weeks ago from an associate in the store, but I was waiting for something a little more official.
That “little more official” comes from the property management company, DLC. On their website they updated the property page with the March 20th date!
As big as this news is… it may actually be overshadowed temporarily by the news of a Hobby Lobby coming to Deptford also. Read more about that here.


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Video streamers and legacy pay-TV companies are seeing more competition than ever, which led to a 50% churn rate in 3Q 2023, according to research from Parks Associates. Annual churn among all over-the-top (OTT) services had been 46% during Q3 2022 and 47% in Q3 2021.
According to Parks Associates, 5% of U.S. internet households have only a pay-TV service. But recent from Innovative Systems suggests that pay-TV-only households are much more common in rural areas. The Innovative Systems research, which focused on rural TV viewers, found that 27% of households had a TV service but did not have a streaming service.
In addition, Innovative Systems found that 35% of streaming households have a pay-TV service as well.
As for addressing churn, Parks Associates noted that one trend among broadband providers is to offer hyperlocal services to streaming customers. Researchers offered Cox’s Neighborhood TV as an example. The goals are to expand the provider’s influence where it is offered and to attract customers to its phone, internet and pay-TV bundles. Sinclair and Hearst are station groups that are employing this type of strategy, Parks also noted.
The hyperlocal approach is wise in the ad-supported video-on-demand (AVOD) era, in which customers prize relevance and are unlikely to be interested if a service and its messaging are repetitive and irrelevant to them, Parks said.
“Sixty-five percent of internet households have a smart TV,” noted Eric Sorenson, director of Streaming Video Tracker for Parks Associates, in a press release about the Parks video streaming research. “This platform interface serves as the entry point for many households to their content services.
“Competition for attention is extreme, while the continued rollout of the ATSC 3.0 standard gives viewers even more options, so in 2024, we will see increased consolidation, mergers, and acquisitions as all providers must find ways to innovate alongside the greater emphasis on profitability.”
Churn is not the only problem streaming companies face. Last April, Parks said that by the end of 2027, these companies would lose $113 billion to piracy and that the rate of piracy would rise from 22% in 2022 to 24.5% in 2027.


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Retail sales wane in March as consumer confidence sinks
Retail sales growth slowed significantly last month as consumer confidence “continued to sink”, according to the latest BRC-KPMG retail sales monitor.
The monitor revealed that total sales increased by 3.1% in March, slipping back from a 6.7% rise in February, with experts adding that the growth in total sales in March was buoyed by price rises across the sector.
The results were revealed as separate research from Barclaycard showed that rising fuel prices and household bills were starting to affect customer spending patterns, and as the cost of living crisis and rising household inflation provides a new challenge for the retail sector after two years blighted by the pandemic.
The BRC-KPMG data showed that like-for-like retail sales were down 0.4% against the same month last year.
British Retail Consortium (BRC) CEO Helen Dickinson, said: “As consumer confidence continued to sink, March saw sales slow, and while spend remained above last year this likely reflects higher prices.
“The rising cost of living and the ongoing war in Ukraine has shaken consumer confidence, with expectations of people’s personal finances over the next 12 months reaching depths not seen since the 2008 financial crisis.
“Furthermore, households are yet to feel the full impact of the recent rise in energy prices and national insurance changes. Ultimately, consumers face an enormous challenge this year, and this is likely to be reflected in retail spend in the future.”
The figures also showed that online non-food sales dropped by 29% over the three months to March as the pandemic-fuelled digital boom continued to recoil.
However, Don Williams, retail partner at KPMG, said that online “penetration rates remain high” as they were compared with a period of shop closures a year earlier.
Meanwhile, total food sales decreased by 2.6% over the three months to March.
Elsewhere, Barclaycard’s latest credit card data showed that consumer spending was still significantly ahead of pre-pandemic levels as people spent more on hospitality, but still highlighted some pressure on consumer confidence.
Card spending in March increased by 17.7% against levels from the same month in 2019, as people spent more on essential items.
The increase was particularly driven by a higher spend on fuel, which soared by 26.1% after prices rocketed.
Jose Carvalho, head of consumer products at Barclaycard, said: “Many sectors saw strong growth in March compared to the same period in 2019, as sunnier weather encouraged Brits to socialise at pubs and bars, book staycations and update their wardrobes for spring and summer.
“However, rising fuel prices and household bills are clearly starting to influence consumer behaviour, with many Brits changing their travel and shopping habits to save money.
“While this may dampen growth in the months ahead, we shouldn’t overlook the expected heatwave later in April, and the fast-approaching Easter holidays, both of which are likely to boost non-essential spending.”


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The Horizon franchise is probably getting a threequel on top of the VR spin-off as well as the live-action TV adaptation on Netflix. But, that's not all. According to reports, a Horizon spin-off, this time an MMORPG set in the game's universe, might be on the way.
Guerilla Games' Horizon franchise has been a huge success for Sony so far. Both of Horizon Zero Dawn and Forbidden West have sold millions of copies and have been well-received by critics and fans. The new Horizon Forbidden West is also mentioned as a Game of the Year nominee at the upcoming Game Awards in December.
It seems Sony is continuing the expansion of one of its best-selling IPs. It has been reported that the publisher is teaming up with South Korean studio NCSoft to produce an MMORPG set in the Horizon universe.
According to MTN, NCSoft is starting development on "Project H", reporting that Sony and NCSoft have "tentatively agreed to pursue a business partnership in which NC will create new games using Sony’s promising game IP."
The reports indicate that a seed development team from the Lineage IP has been assigned to Project H. The team is said to be recruiting developers for the new project.
NCSoft is a well-known developer and publisher of MMORPGs. The studio developed Guild Wars and Guild Wars 2. The company also created the Lineage series of online games which has grossed over $5 billion in revenue over its lifetime.
The Horizon series was developed by Guerilla Games as Sony-exclusive titles. Sony was reportedly interested in adding a co-op mode to Horizon Forbidden West. The feature was ultimately excluded from Forbidden West as the developer opted to add it to a sequel or as a spin-off multiplayer game.
Guerilla Games has been reportedly recruiting staff members for an online multiplayer game. The studio is looking for a senior social systems designer who would be in charge of "social interactions to create lasting relationships, and where compatible, create Guild-like groups to explore together."
There is also a job posting for a senior game writer. The job advertisement mentions that the candidate should have "extensive knowledge of stories and narrative design in open-world RPG games, online games, and MMORPGs."
Sony has recently made live service games a part of its key strategy moving forward. The gaming giant recently acquired Bungie to leverage the developer’s experience in live service games.
The company promised to release ten live service titles when it acquired Bungie. Sony CFO Hiroki Totok stated, "Through close collaboration with Bungie and the PlayStation Studios, we aim to launch more than 10 live service games by the fiscal year ending March 31, 2026."
Sony is clearly making good on that promise with the Horizon series. The company is also expanding the franchise by partnering with Netflix to produce a tv show based on the video game. There have also been reports that Sony wants to develop a Zero Dawn remake and a PC port for Forbidden West.


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LOS ANGELES (KABC) -- Is there such a thing as phony guacamole?
With avocado prices spiking, faux guacamole is a real thing, but one long-time restaurateur at El Tepeyac Cafe says it just ain't the same.
El Tepeyac has been in the same East Los Angeles location for more than 60 years. For Carlos Thome, who's called this place his work home for 11 of those years, the price of avocados has been a battle he's waged for a while.
"I would say in three months, it's showed a big change. In May, we were at $30 a case of avocados. Now, we're at $65-70 for a case."
And that price, he says he hasn't passed onto his customers but the average shopper does feel it at the supermarket.
Inside Vallarta Supermarket, the price of two large avocados cost just under $6.
Last month, the average price of an avocado was $2.18. Last year at the same time, the average was only $1.26. That's an increase of 72%.
The increase means it's difficult to keep avocados in house for Thome.
"We're known for big, humongous portions and serving lots of guacamole and we just kinda bite the bullet on it because we just try to keep our customers happy. And in previous years, they've gone up to $110 around this time - $110 per case - and we would have to say sometimes we don't have it. And we noticed in the past what has happened a lot of customers get mad."
Not good for business.
The National Oceanic and Atmospheric Administration says this year's avocado yield is much lower than normal, due to a heatwave in the state last July. Between July 2018 and July 2019, the state experienced the second hottest year in its history.
Javier Cabral says these prices lead to what could be considered faux guacamole.
Some taco stands and restaurateurs have turned to calabacitas, a Mexican squash.
Cabral says, "You make this fake one using a summer squash that looks almost like a zucchini and you blend them and you get them to that texture that is a taqueria guacamole. It's pretty eerily similar texture and flavor, to be honest."
Thome has tried it when he had to take avocados off his menu last year when they weren't available. He couldn't find a recipe that, he says, came close to the real thing.
"If we don't like the taste then we're not going to give anything to the customers that's you know..." his voice trails off and he shrugs.
If this has left a bad taste in your mouth, there is good news. Avocado prices are expected to drop in September when production in Mexico ramps up.


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MiHoYo, the Chinese gaming app developer behind Genshin Impact, has now reached $8 billion in user spending across its catalogue of mobile games. That’s according to data published by app experts AppMagic. But what’s been driving the company’s success?
The impact of Genshin Impact
Based on Appmagic data, Genshin Impact stands out as the primary contributor to MiHoYo’s $8 billion in user spending, accounting for 73% of the total.
It’s no surprise, considering the game’s continued popularity nearly three years after its launch, reaching an 11-month peak earlier this year. The sustained success of Genshin Impact has undoubtedly played a pivotal role in driving MiHoYo’s remarkable financial achievement.
miHoYo Games revenues and download tracker
No one-hit wonder
Naturally, many industry experts and gamers have wondered if MiHoYo’s achievement with Genshin Impact was replicable or if it was a one-off phenomenon. Since its announcement as MiHoYo’s first new release after Genshin Impact in 2020, Honkai: Star Rail attracted some impressive attention among gamers.
The title surpassed expectations and reached 20 million downloads within just two days. As a result, the game’s consumer spending has flourished, even surpassing Genshin Impact’s revenue in May. Perhaps more impressively, the data shows that MiHoYo can create hugely successful and engaging gaming experiences beyond Genshin Impact.
Honkai Impact 3rd follows in second place with 18% of the total spending, while the newly released Honkai: Star Rail has quickly amassed 6% of the total consumer spending.
Regarding regional consumer spending, Asia takes the lead, with China accounting for 39% and Japan at 21%. The United States represents 15% of the consumer spending.
When it comes to spending per store, the App Store leads the way with 69% of the total spending, with Google Play trailing behind at 31%.
China has been a dominant force in the mobile gaming industry, particularly in June, with MiHoYo playing a significant role. The top three most lucrative mobile games in June all originated from China, showcasing the country’s remarkable influence in the mobile gaming landscape.
- MiHoYo’s mobile game spending reached $8 billion in consumer spending, with Genshin Impact contributing 73%
- Honkai: Star Rail generated enough spending to account for 6% of the total consumer spending in just a few months
- Asian markets, particularly China, play a dominant role in driving consumer spending


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Will Broadcom buy change the femto market?
10/28/2010 1:10 AM EDT
Implications on its competitors
How bad can Broadcom’s Percello acquisition be for
competing femtocell chip vendors? The industry knows too well what
happens to silicon startups when their core function gets sucked into a
Rupert Baines, vice president of marketing at picoChip (Bath, the U.K.),
a leader among femtocell chip suppliers, is keeping his cool. He called
the Broadcom/Percello deal “validation” of the femtocell market, while
adding: “Percello has found a good home, and we welcome Broadcom into
the femtocell market.”
However, Baines, who acknowledged the emerging market for
femtocell-integrated boxes, described the integration “a segment of the
market: not all of it.”
The femtocell integration market won’t be a slam dunk, because “most
people get cellular sevice from someone other than their broadband
supplier,” said Baines. That would make it “impossible to integrate,” he
Further, even if the systems are integrated in one box, that does not
mean that the chips will be integrated, said Baines. “We have customers
making integrated gateways today. They get the femto chip from us, and
the broadband chip from someone else.”
He said, “Part of the problem is what do you integrate?” In addition to
three femto flavors (HSPA, cdma2000 & soon LTE), there are at least
four backhaul options (ADSL, VDSL, cable, fibre, etc). Baines said,
“It gets expensive to make 12+ different die, or to ‘tax’ the people who
don't want one modem by including it anyway.”
Peter Jarich, research director at Current Analysis, agreed with Baines.
“First, it’s not clear how quickly the market will go to an integrated
gateway model. Secondly, it will still be possible to integrate other
femtocell silicon into gateways…and vendors may want to do this where
they think a standalone femtocell silicon package offers advantages or
Forward Concepts’ Strauss, however, suspected that “PicoChip is well
aware that they need additional chip solutions to broaden their market,
and it is pursuing markets other than just femtocells.”
There are also a lot of options available for PicoChip. Joseph Byrne,
senior analyst at the Linley Group, noted, “Picochip isn't the only one
at the dance in this situation.” He said that there are also suppliers
of DSL chips, such as Ikanos and Lantiq, suppliers of PON chips, such as
Broadlight and PMC, suppliers of Wi-Fi chips (Atheros, Ralink, and
Realtek), and others that would benefit from working with a company like
Picochip with femtocell technology.
Broadcom’s Fischer was cautious in outlining the company’s plan for
“silicon-level integration” for femtocells. While noting that “it all
depends on how the market moves along,” he said, “It is feasible
sometime in the next two years.” But first, Broadcom has to wait and see
which products sell, and which platform is best to integrate
femtocells, he explained.
Broadcom stressed that the company is not a total novice to femtocells.
Broadcom quietly bought Radioframe’s femtocell assets almost a year ago.
While Broadcom was often rumored as Radioframe’s mystery femto buyer,
the company never confirmed it until now. Fischer said, “We have built
our knowledge base on femtocells through a team of engineers we acquired
from Radioframe; then, Percello came on the radar.”
Industry analysts are split on their assessments of Percello. Current
Analysis’ Jarich called Percello “not as strong as PicoChip in terms of
momentum.” But he added that Percello has stronger traction than
Qualcomm, especially given its work with Ubiquisys.”
Forward Concepts’ Strauss recalled the time when Ubiquisys’ CTO told him
that the Percello chip proved to be measurably more powerful than
competitors at the time they selected Percello.
The Linley Group’s Byrne believes Percello was early with femtocell
chips supporting 8 and 16 users, which would be used in systems for
offices. But “Picochip has since met and exceeded that scale. The bulk
of the market is in smaller (e.g., 4-user) femtocells, where Picochip is
strong,” Byrne added.
Regardless who has more momentum, Broadcom chose Percello, “because we
liked Percello’s rifle-shot approach,” said Broadcom’s Fischer.
Percello’s femtocell is focused on UMTS. The company has no solutions
for LTE yet. “It is low power, cost effective and easy to integrate in
an SoC,” he explained.
By “easy to integrate,” Fischer means that the hardwired approach taken
by Percello is a good fit for Broadcom’s future SoCs. Unlike the DSPs
used by TI or PicoChip, this will make Percello’s solution infinitely
easier to integrate, he explained.
Broadcom, which has had no serious experience in the base-station market, sees femtocell as a clear opportunity to get its
foot in the new market’s door. While big boys like Texas Instruments may
have every reason to defend their big share in the base-station market
by downplaying the significance of femtocells, Fischer said, “We are not
threatened by femtocell. Rather, we see femtocell a real disruptive


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Intel is bringing forward the launch of its quad-core server and desktop processors to this year.
The company had been expected to launch the chips to boost processing speeds in the first half of next year. Instead, they would now first appear in the fourth quarter of this year, said Intel, as it threw down the gauntlet to smaller rival AMD.
Intel's quad-core Xeon server chip is codenamed Clovertown, and the desktop version is known as Kentsfield.
Both Intel and AMD already sell dual-core chips – two processing engines on a single slice of silicon. The quad-core chips consist of two dual-core chips joined together, but with each package plugging into a single processor socket.
AMD is expected to launch its first quad-core chips in mid-2007, but its offering will see all the cores fixed onto a single slice of silicon, potentially improving performance.
Intel has just posted its second-quarter financial results, which saw sales and profits well down on the previous year.
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Celestica Inc. got that old familiar feeling when telecommunications customers suddenly put on the brakes toward the end of 2006. The unexpected shift in demand, combined with a buildup of inventory at its Monterrey, Mexico faclity, left the company with a net loss for both the quarter and fiscal year.
As a result, Celestica (Toronto) today announced further restructuring of its operations that added $59 million of cost against its bottom line.
The announcement called to mind events leading up to the industry-wide inventory debacle of 2001 that began with a sudden drop in demand from telecommunications OEMs, then the largest customer segment for EMS providers.
Analysts recently warned of swelling inventory levels at EMS and semiconductor companies.
Celestica reported fourth quarter revenue was $2.26 billion, up 9 percent from $2 bilion in the same quarter of 2005. GAAP net loss for the quarter was $60 million, or 27 cents per share, compared to GAAP net loss of $28.2 million, or 12 cents per share for the same period last year.
The 4Q loss included the restructuring charge and a $30 million charge against gross profits from a previously announced increase in inventory at the Monterrey facility—a site celebrated by Celestica as a model for its company-wide lean manufacturing effort.
"We have implemented and will continue to implement aggressive actions to materially improve the performance of our Mexican facilities by standardizing our ERP platform, re-architecting our warehouse logistics and strengthening the local management team while driving more efficiency and cost reductions, said Craig Muhlhauser, who was recently named president and CEO of Celestica.
Mulhauser said ongoing restructuring will add costs of $20 million to $40 million during 2007.
Celestica's revenue for fiscal 2006 was $8.8 billion, up 4 percent from $8.47 billion recorded for 2005. Net loss on a GAAP basis was $150.6 million or 66 cents per share compared to net loss of $46.8 million or 21 cents per share for


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Just days after Dish Network introduced its new Sling TV service, another highly anticipated standalone streaming video product had hit some strong headwinds as it gets closer to become a reality. Changes in strategy at Time Warner have affected the development of the company’s standalone HBO Go service, according to Re/Code.
First announced in October, the new service is being targeted at the 80 million U.S. households that don’t currently subscribe to HBO through a cable or satellite provider. Like Sling TV, the standalone service will work across multiple platforms and be available through a monthly subscription.
Time Warner originally hoped to build a digital platform that would support not only HBO, but other properties such as Turner Broadcasting and Warner Bros. This technology, according to sources, would be used globally and be ready to launch in 2016.
Rising costs, and a bid by Rupert Murdoch’s Twenty-First Century Fox for Time Warner last summer, changed this plan.
Now, Time Warner is focused solely on building a standalone HBO Go product that will launch sometime in 2015. Instead of doing this in-house, the company has turned to MLB Advanced Media, a subsidiary of Major League Baseball known for powering the technology that streams live baseball games.
The change will save the company millions of dollars, which is being viewed as good news for investors. Twenty-First Century Fox has since withdrawn its bid for Time Warner.
In the meantime, Time Warner has lost a number of key executives who were once tasked with getting the Internet service up and running.
Otto Berkes, who was previously a Microsoft executive, resigned from the CTO position in December, only a matter of months before HBO is expected to start selling the new product, and two senior vice presidents on the technology team, Mark Thomas and Drew Angeloff, are also leaving, sources familiar with the situation said.
So when will HBO’s standalone service finally debut in the U.S.? Time Warner isn’t saying. They have also been mum on the pricing for the new product and how it will be sold.
Some believe that Time Warner should have kept with its original plan and created an Internet platform in-house. One source notes “HBO and Time Warner lost the appetite for the investment required to go big here.” They continued, “Old media lost its nerve.”
I’ve long been a “cutting the cord” advocate, believing that we should only have to pay for the TV channels we want. I also recognize, however, that cable and satellite providers continue to be huge players in the marketplace, meaning that changes will take time.
I expect that we’ll be seeing a standalone HBO Go service launch later this year, despite the growing pains. In the meantime, we can celebrate the arrival of Sling TV, which is definitely a step in the right direction as far as cutting the cord goes.
Announced earlier this month, the service offers access to live feeds from ESPN, ESPN2, TNT, TBS, Food Network, HGTV, Travel Channel, Adult Swim, Cartoon Network, Disney Channel, ABC Family, and CNN. The cost: $20 per month. Additional channel packs will be available for $5 per month each.


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The prime rate is the lowest rate at which money can be borrowed from commercial banks by non-banks. It typically tracks with the federal funds rate and is generally about 3% higher than the Federal Reserve's rate.
The hack affected some 106 million individuals in the U.S. and Canada.
The alleged hacker, reportedly a former employee of Amazon Web Services, was arrested by federal agents in Seattle.
Credit scores are important, but just how much can a bad credit score impact your life -- and how can you improve it?
When you are worried about criminals compromising your identity, then you might be thinking about using a credit lock or credit freeze. But what exactly is the difference and when is the best time to use them? Learn more.
American Express stock continues to pull back after hitting new highs earlier this month. Here's how to trade the earnings mover now.
Morgan Stanley analysts say the new card will attract customers to Apple Stores, increase use of Apple Pay and increase services revenue.


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Wait, what? Seem like we are still eating the leftover Halloween candy yet Thanksgiving is just days away. And with the arrival of Thanksgiving comes Black Friday, Small Business Saturday, Cyber Monday, and Giving Tuesday. If you haven’t started your holiday shopping yet, the time is now to take advantage of in-store doorbusters and online deals. This is also the season for surveys about the holiday season, read on for AYTM’s contribution. We surveyed 1,000 US consumers about all things holiday shopping.
Celebrate Your Way
90% of our respondents will be celebrating Christmas this year. The second most popular response was Winter Solstice (also called Yule) chosen by 7.1%. 5% chose Hannukah, 2% chose Kwanzaa, and 3% will be celebrating Festivus, the holiday for the “rest of us” made famous by the popular TV show, “Seinfeld”. Most all of these celebrations will include some type of gift-giving as only 12% of respondents said they won’t be doing any holiday shopping this year.
Ready, Set, SHOP!
The holiday season really separates the plan-ahead-ers from the seat-of-your-pants-ers, when it comes to getting started shopping for gifts. The true planners start immediately after the previous year’s holiday to take advantage of the deeply discounted merchandise that needs to be moved out to make room for Valentine’s Day displays. Then there are those who enjoy the rush of waiting until Christmas Eve. Here is when our respondents plan to get started:
- 39% – Already started
- 18% – Black Friday.
- 13% – Early December
- 7% – Cyber Monday
- 6% – Thanksgiving
- 4% – The last possible moment
- 3% – After December 15th
Women and consumers with annual incomes of $50,000-$200,000 were most likely to have their shopping already underway. Consumers ages 18-34 were most likely to start their shopping on Black Friday.
Of the 88% of respondents who plan to shop for the holidays, 59% will be shopping online on Cyber Monday, 51% will brave the stores on Black Friday, 28% plan to support small businesses by shopping on Small Business Saturday, and 12% will be shopping on Christmas Eve.
Apple Pie, Pumpkin Pie, Budget Pie
According to the National Retail Federation (NRF), consumer spending during the 2018 holiday season will grow by over 4% vs. 2017. They forecast November/December spending will be a whopping $720 billion. Almost a third of consumers (27%) in our survey plan to spend $500+ on gifts and other holiday items this season. At the other end of the spectrum, 16% plan to spend under $100. How will the budget pie be split:
- 45% – Gifts
- 15% – Gift cards/gift certificates
- 15% – Food
- 8% – Entertainment
- 7% – Decorations
- 6% – Holiday cards/postage
- 3% – Other
Though some think they are impersonal, gift cards/gift certificates remain a popular gift item during the holiday season. Billions of dollars are spent on them each year. When asked how much they plan to spend on gift cards/gift certificates, our respondents averaged between $100 and $200, however, a small percentage said they would be spending $1000+ on gift cards alone.
You Get a Gift & You Get a Gift & You Get a Gift
Significant others (58%), their children (58%), and parents/grandparents (57%) are at the top of the list when it comes to who is getting gifts this year. Others who can look forward to receiving gifts include friends (41%), pets (29%), co-workers (15%), and neighbors (12%). Women were more likely than men to be buying gifts for their children and their pets. The generosity of the holiday season extends to postal workers, garbage collectors, etc. with 11% of respondents saying they would be getting them gifts. And 5% of respondents said they would be getting gifts for strangers through participation in programs that answer letters to Santa.
With so many people to buy for, consumers are making lists and checking them twice. 77% of consumers said they plan ahead when choosing gifts for those on their lists with women way more likely than men to do this. Where do they go for gift ideas and inspiration:
- 61% – Friends and family
- 45% – Retail store
- 44% – Online retailer
- 34% – Search engine
- 28% – TV
- 26% – Social media
Among those who look for inspiration on social media, friends and family are the most trusted sources, each chosen by 21% of respondents. 16% said they trusted recommendations from brands on social media, 15% chose retailers, with the news media and celebrities bringing up the rear with 12% and 10%, respectively.
A Look Inside the Gift Horse’s Mouth
Everywhere you turn, from social media to TV, DIY is ubiquitous. We were curious if the DIY trend was going to carry over into the holiday season. Looks like our respondents aren’t into making gifts themselves — 82% said they would mostly be purchasing gifts this year. Among the minority who said they would be creating their own gifts (knitted scarves, artwork, photography, baked goods, etc.) they plan to make 45% of their gifts and will purchase the rest.
Assuming you have been nice and not naughty, what types of gifts can you expect this year? Here are the gifts our respondents plan to buy for others:
- Gift cards/gift certificates
- Books/DVDs/video games
- Crafts/handcrafted items
- Sporting goods
- Experiences (golf lessons, city tour, etc.)
- Charitable donations
Since you are already shopping, might as well pick up something for yourself, right? Here are the top five gifts our respondents plan to buy for themselves:
- Health and beauty items
- Books/DVDs/video games
- Consumer electronics
The Mall or the World Wide Web?
Where will consumers shop for all of these gifts? The answer is — everywhere. 75% of our respondents said they will be shopping online but brick and mortar stores were not far behind with 56% saying they would be going to big box stores, 41% department stores, 32% specialty retailers, 26% locally owned businesses, and 22% heading to warehouse stores.
53% of consumers prefer to shop online and they are more likely to be ages 35-44. They cite the following as their top reasons:
- 82% – Convenience
- 79% – Avoid crowds
- 73% – 24/7 availability
- 70% – Avoid lines
- 68% – Home delivery
Consumers are planning a 60/40 split between shopping online vs. in-store. Though a majority of their shopping will be online, our respondents overwhelmingly stated they do not plan to use any emerging technologies to assist with the shopping process. 83% chose “none of the above” when asked about usage of seamless checkout, social commerce, voice-assisted shopping, chatbots, virtual/augmented reality, etc. Truth is, they might actually be using them but aren’t aware of it as many of these technologies are an essential part of today’s e-commerce platforms.
20% of consumers prefer to shop in-store and they are more likely to be ages 55-64 or have annual incomes of $50,000 or less. They cite the following as their top reasons:
- 65% – Can interact with the product
- 45% – Avoid shipping costs
- 43% – Special discounts available in the store
- 39% – It is festive and puts me in the holiday spirit
- 35% – To get inspiration
In today’s world, to shop online vs. in-store is not a true either/or proposition. Most consumers do a combination of the two methods to improve shopping efficiency and get the best deals. 52% of respondents said they will be researching online, then buying in the store, 37% will be buying online and picking up in the store, and 36% will research in the store, then buy online.
Deals on Deals on Deals
If you are anything like me, you wait all year for the Black Friday/Cyber Monday deals to arrive to get that laptop you have been eyeing or a new set of flannel pajamas. It is no secret that consumers love to save money. Our respondents ranked their favorite promotions as follows:
- 19% – Discounted prices
- 18% – Free shipping
- 18% – Buy one, get one free
- 12% – Buy one, get one for X% off
- 12% – Gift with purchase
- 10% – Earn loyalty points
- 10% – Buy more, save more
Looks like 2018 is set to be a good year for retailers with most consumers spending over $500 on gifts and other holiday items. Though some like to complain that holiday decorations show up in the stores earlier and earlier each year, it turns out many consumers like to start their shopping early. The internet is still the favorite place to buy holiday gifts but stores are not far behind. You can’t beat the internet for convenience and having your items show up on your doorstep. And you can’t beat stores for providing a festive place to feel the holiday cheer and interact directly with products. Both online and in-store shopping have their advantages and their devotees. Happy holidays to all and we hope you get all the gifts you desire!!
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Aurobindo Pharma gets FDA approval for blood pressure drug
New Delhi, Mar 16 (UNI) Aurobindo Pharma Ltd today said it has received approval from the US Food and Drug Administration (USFDA) for a combination drug to treat high blood pressure.
The drug combines Lisinopril and Hydrochlorothiazide, 10/12.5 mg, 20/12.5 mg, and 20/25 mg, the company said today.
The market opportunity for the product is around 100 million dollars.
Lisinopril and Hydrochlorothiazide tablets is the generic version of Prinzide tablets of Merck research Laboratories, Aurobindo Pharma said.
UNI SR SD PM1523


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Another partnership between Apple and AT&T came as quite a surprise to many last week when Apple announced that AT&T would be the carrier of the company’s new creation, the iPad. But now comes word that a CDMA version of the device for the Verizon network might not be far away.
A Verizon source quoted by Silicon Alley Insider says a team-up between the two is “still in the works.” Analysts speculate that this second iPad would be a completely new piece of hardware. The AT&T version is scheduled to ship by the end of March, while, if a Verizon-iPad partnership comes to fruition, the source says an announcement could come at the Worldwide Developers Conference, June 28-July 2, in San Francisco.
Analysts from Broadbpoint AmTech and Northeast Securities are backing up the anonymous source; however, their predictions might be taken with a grain of salt, because they incorrectly forecasted that Apple would announce an iPad for Verizon last week.
The AT&T iPad, which features a 9.7-inch touchscreen, a 1GHz processor and 10 hours of battery life, will be sold in Wi-Fi only and Wi-Fi+3G versions at Apple Stores and online.
The iPad, running on the iPhone operating system as it does, can run almost all iPhone apps in the App Store, as well as music and video from iTunes.
The iPad’s functionality is very similar to what the iPhone offers, but it does have a few new things. One is e-book functionality. Apple has launched the iBookstore where users can purchase titles over the air for their bookshelf.
Psst... Early Registration Rates are back for St. Paddy's Day Weekend 🍀 Register by Tuesday at 11:59 p.m. with code… twitter.com/i/web/status/1…
March 15 2019 @ 19:34:51 UTC


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By Jerry Underwood
Made in Alabama
Global automaker Toyota announced plans today to invest $222 million at its manufacturing facility in Huntsville to create a new production line for four-cylinder engines, including a hybrid electric version.
The project is part of a $383 million company-wide plan that injects investment into four U.S. manufacturing plants that support powertrain production for Toyota and Lexus vehicles. Plants in Kentucky, Missouri and Tennessee are included, with the Alabama plant receiving the largest investment.
Toyota said the investments advance its commitment to vehicle electrification and meeting customer demand.
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Alabama News Center tels the stories of the people and businesses powering the states of Alabama, striving to make Alabama a wonderful place to live and work.
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Men and women in hundreds work ignoring ear piercing sounds hovering over as they turn thousands of imperfect pieces of timber into smoother perfect objects. One will not notice that this excellent woodwork has been perfected by a group of artisans for over thirty years.
Excelling at the craft of woodwork has been the core of operations for Action pour le Development de l`Artisanat au Rwanda, a cooperative best known from its French acronym as ADARWA.
Cyatwa Ngarambe, the Chairman of ADARWA emphasizes that their core business is the selling and value addition of timber to deliver excellent products as well as related products and services.
He revealed that they started as an association of only 15 furniture dealers who were operating in Gakinjiro, Cyahafi sector in Kigali central district but their activities picked pace after Rwanda’s liberation in 1994.
Working from the central district had its challenges including lack of space to expand and the city authorities advised and gave furniture dealers land in Gisozi where they set up workshops and relocated in 2004.
The new place had more spacious space where furniture dealers expanded their workshops and thrived while attracting other dealers with related businesses to the new location in Gisozi. Having grown in number and size they finally registered ADARWA as a cooperative in 2010.
Most of the members in the cooperative started by selling wood but proceeded to value addition, bought machines to prepare wood for construction and for other different uses. With the increase in business they continued to make furniture for serving various needs and markets.
Once in the new location, the cooperative bought more land and started building a four-storey building for their businesses with a plan to have a commercial structure that could have all the value chains in one place.
Today their growth is vast, first from members who have increased to 157 persons and resources have skyrocketed from a mere Rwf500,000 capital to multibillion ventures with diversified portfolios in real estate, machinery and workshops.
“Members of the cooperative are now starting to harvest what they sow,” underlined Ngarambe. Adding that, although they borrowed while building the commercial complex much has already been cleared and even undertaken other ventures.
Installing a state-of-the-art wood drying equipment
To enhance value addition and improve the quality of wood produced at Gisozi, ADARWA has procured and installed a state-of-the-art machine for drying timber. The machinery which has so far cost a whopping Rwf.284 million will improve the quality of timber in the country as well as for export market.
“Our new machinery will be a game changer in the industry, it’s the first of its kind in the country and will help us as well as others seeking quality wood because it dries wood at the recommended degrees,” says the Chairman of ADARWA.
The new equipment will further boost locally manufactured products by improving the quality and this cooperative wish for every Rwandan to buy local products which are of good quality and durable.
Members of the cooperative appreciate working together which has led them to many achievements and now want to diversify into other projects.
Ngarambe revealed that during a retreat members decided to invest in forestry where they could collaborate with a certain district and plant a forest. This long term project is intended to benefit the cooperative in at least three ways. First as people who are in the wood business will harvest timber for their own usage, they are also looking at selling carbon credits to offset greenhouse gases and want this project to continue to bond members as they continue to undertake projects together.
Working as a cooperative has benefited many and also changed and improved life for members as the Chairman boasts, “Many of our members are now driving and have become landlords.
ADARWA has also shaped Gisozi market where its numerous wood workshops continued to attract thousands of furniture buyers and other interests related to this industry with clients from around the city and across the country.
Members of the cooperative are not the only beneficiaries but thousands, more than 3,000 are employed by the numerous workshops at Gisozi market. Besides creating jobs for carpenters, several others have indirect jobs created for instance the transport sector.
Ngarambe attributes the achievement to the visionary leadership of the country and the City of Kigali which has supported them in different ways. Furniture dealers were given a good location to start with and over the years developed infrastructure around the place.
However, as activities at Gisozi market grow old infrastructures like roads pose a challenge that ADARWA calls for the intervention of authorities to improve infrastructure that accommodates the growing needs.
To move the wood industry to another level, ADARWA requests the concerned authorities to help set-up internationally accepted standards in the sector which will help improve quality and locally made products compete on international markets.


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A few hours after the special Apple iPad Mini event dedicated to the announcement of the iPad mini, iPad 4, the 13-inch MacBook Pro, iMac and Mac mini, official video of the presentation became available for downloading and watching. We gave you the chance to watch iPad Mini presentation online but now you can just download it if you missed it. Presentation known as «We’ve got a little more to show you» was held in the “California” theater in San Jose. This year’s event was dedicated to the release of new models of iPad, Mac and the announcement of iBooks 3.0. It was also announced that the long-awaited mini-tablet will be released on November 2.
ApplenBerry company announced that users of GEVEY Ultra S can unlock iOS 6 0n iPhone 4S baseband 3.0.04. According to the well-known developer of hardware unlock iDevice owners can successfully unlock iPhone 4S iOS 6 using Ultra S card. At present, this solution is compatible with all 4S models and also supports iOS 5.1.1 and iOS 5.1 GEVEY Ultra S is a tray for SIM-card with the control board which along with the usual SIM card is inserting into the slot of iPhone 4S. This unlock works on the principle of traditional Gevey SIM, but has a number of advantages.
Usually video presentations from Apple media event appears a few hours after the event. But this time the California-based company has decided to show iPad mini presentation and other new products online and on the air. First, Apple company announced that we could watch iPad Mini presentation on Apple TV set-top box. Just recently it has become known that you can also watch the event on the official Apple web page using the link.
There is a new lawsuit filed against Apple in October. This time, however, it’s not Samsung that sues its “evil” competitor in the market of smartphones and tablet computers. This time the case is run by two iPhone customers. Their names are Thomas Buchar and Zach Ward and they own iPhones. Last Friday these two men filed a lawsuit against Apple over AT&T iPhone lock. The putative class action lawsuit claims that the tech giant violates two acts [Digital Millennium Copyright and Sherman Antitrust] since the company didn’t obtain consumers’ permission to lock the iOS smartphones to the U.S. mobile carrier’s network.
If you are among those users who have updated to the iOS 6 or haven’t upgraded yet because you are waiting to hear positive iOS 6 untethered jailbreak news, this information will be useful. The recent JailbreakCon 2012 event was attended by many hackers including Pod2G also referred to as Cyril. Well, this guy shared his thoughts with media on the future of iOS 6 untethered jailbreak.
Many users are waiting for an early recovery update of iOS 6 which should correct the errors and shortcomings of the first firmware version. Yesterday, I suggested that Apple may release iOS 6.0.1 update on the current presentation together with iTunes 11. It is difficult to say whether this will happen, but there were rumors about iOS 6.0.1 and iOS 6.1 updates. Resources report that Apple is already testing iOS update: 6.0.1 with bug fixes and a larger update 6.1.
Today will be an official Apple event which is expected to release iPad mini tablet together with updated iMac, Mac mini and 13-inch MacBook Pro with Retina display. But compact tablet and new Macs will not be the only topic of today’s event, there will be presented updated iTunes and you can download iTunes 11 for Windows and Mac. As it became known, today Apple celebrates 12th birthday of the release of iTunes first version.
Apple assures that its latest sixth-generation smartphone is sold faster than other handsets it made in the past. Still the iPhone 5 supply shortage slowed down the sales progress and the numbers expected by many analysts are failed to be achieved by the Cupertino-based corporation. Not long ago I predicted iPhone 5 problem with Qualcomm chips and now we got problems from Foxconn.
Even though a lot of tablet computers have similar design, Apple wished to patent its creations so badly it actually won the victory. The latest Apple patent for iPad design granted to the company is another proof to this. Of course, it will most likely not change the reality no matter what we all are thinking about this Cupertino-based company’s step.
Would you like to see iPad Mini leaked images a couple of days earlier than Apple will introduce this smaller tablet computer to public? This is your chance to take a look at the pictures emerged online even though they should be first presented on October 23rd only. The device will have a screen with 4:3 aspect ratio and other components that are different from the current iPad 3.


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What would you like to say at the end of the Chinese Lunar New Year 2020?I’d say, “We’ve had a challenging year!”
At the beginning of the year, the COVID-19 was sudden outbreak in China. January was the most severe time, and this happened to be during the Chinese New Year holiday, the busy holiday suddenly became very quiet.People were staying at home and afraid to go out. Shopping malls, cinemas and all public places were closed.As an overseas company, we were also deeply concerned about whether the outbreak would put the factory in crisis.
Fortunately, under the leadership of the government, the epidemic in China was quickly brought under control, many factories began reopening gradually by the end of February.Our factory also successfully delivered the first container vacuum cleaner of 2020 in the middle of March.When we thought business would return to normal, the COVID began in April in Europe, Australia, the United States and other places.And that’s where most of our customers are.
April and May of 2020 are the most difficult two months for all Chinese factories which do export business. We often heared that due to customer cancel several containers orders, some facories are facing a survival crisis. Fortunately, even in the most difficult times, our factory don’t have any customer cancle order.In May, a new agent placed a trial order.This is a great encouragement to us.
Despite a very difficult year in 2020, our company’s sales performance has achieved a steady growth, even exceeding the growth target set in 2o19.We would like to express our special thanks to all our customers for their continued support.
In 2021, our factory will continue to focus on the research and development of industrial vacuum cleaners, committed to providing cost-efficient and sustainable products and solutions for the construction industry.In the New Year, we will be launching two new vacuum cleaners. Stay tuned！！！
Post time: Feb-04-2021


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Redmi has affirmed that it will dispatch an Intel Core i7-controlled RedmiBook 16 on July 8. The Xiaomi sub-brand is likewise expected to divulge the RedmiBook 14 II in China around the same time. While the previous will be fueled by the most recent tenth Gen Intel Core i7 10nm processor, the last is additionally expected to shake a comparative Core i7 unit. Redmi presented the RedmiBook 16 back in May and at the time declared that it would be Ryzen 4000 arrangement 7nm processors with Radeon GPU. The Intel-controlled variation is relied upon to be propelled in China this week.
- Redmibook 16 and Redmibook 14 II expected to come in i7 and i5 variations
- Redmibook 14 II might be an updated form of Redmibook 14
- More subtleties to be uncovered on July 8
RedmiBook 16 launch date
As posted on Weibo by the Mi Notebook handle, the RedmiBook 16 will be propelled on July 8 and highlight a tenth era Intel Core i7 processor. A full screen experience is additionally touted. We can expect Xiaomi to likewise dispatch a less expensive variation with an Intel Core i5 processor. In the event that past models are any sign, up to 16GB of RAM and 512GB of SSD stockpiling is normal.
RedmiBook 14 II launch rumour
In view of contributions by insider Ishan Agarwal, 91mobiles reports that the RedmiBook 14 II is likewise expected to be propelled in China on July 8. Much the same as RedmiBook 16, this one is likewise expected to be controlled by Intel Core i7 and an i5 variation would be made accessible too.
It is normal that RedmiBook 14 II might be an overhauled form of the RedmiBook 14, which went at a bargain in India from June. The more established variant came stuffed with AMD Ryzen processors with up to 16GB DDR4 RAM and up to 512GB SATA SSD stockpiling.
At the point when the Redmibook 16 was presented before, it was set apart by its particular 3.26mm ultra tight bezels and a noteworthy 90 percent screen-to-body proportion. It pressed Ryzen 4000 arrangement 7nm processors with Radeon GPU, alongside up to 16 GB RAM and 512 GB SATA SSD as far as capacity. Redmi has been carefully staying quiet about most determinations and different subtleties. More data would be uncovered upon its dispatch on July 8.


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CEO of bankrupt Linux company says employee lawsuits put it out of business
Mandriva offered a Linux operating system for PCs that was doing well in some developing nations.
We reached out to the former CEO of Mandriva Jean-Manuel Croset, who joined Mandriva in 2011, to ask what happened.
His side of the story: the company was finally at a tipping point of being profitable when employee lawsuits forced it into bankruptcy.
The company had generated a mere €553,000 in revenue in 2013, with revenue falling for years, according to a notice posted by the company. Croset confirmed that to Business Insider. That wasn't enough revenue, so he had to dismiss some people, particularly sales staff.
In 2014 revenues were climbing again, up by 40%, he told us. Costs were down by 60%. The company wasn't yet profitable, but it had just broken even. Croset - who is Swiss, not French - blames the legal system in France for Mandriva's ultimate demise.
That's because the laid-off workers sued the company and won, just as he says Mandriva was breaking even. (The details of the suits, including names of employees involved, are confidential, he told us, and he declined to offer details.)
The company was ordered to pay these employees hundreds of thousands of euros, and ordered to pay "provisory execution," meaning immediately, even though the appeals process was not complete, Croset tells us.
This wasn't the first time Mandriva struggled to make ends meet. It had some epic troubles in 2010, right before Croset joined, that resulted in layoffs and the exit of its founder.
After so many years of struggle, the shareholders didn't want to put up more money to save Mandriva, and the company was forced into bankruptcy,
Here's the note we received from Croset telling us his take on the situation.
Mandriva SA went out of business following a few court decisions upon action of former employees, who had been dismissed as a part of the restructuring process in 2013. As the labour laws are very generous towards the employees in France, those court decisions forced the company to announce bankruptcy, as the cash available was not sufficient to cover the amounts due and the shareholders did not want to cover them.
It's quite a shame, as the company was recovering and the operational results were almost balanced for the year 2014, for the first time since 2005, with an increase of the sales by 40% and a reduction of the costs of over 60%.
But Mandriva was walking on thin ice, too thin to absorb those exceptional issues; the situation would have been different with a little bit of comprehension from the French authorities (by according delays of payment or installments, for instance), but this was not granted, despite all our requests. Thus, the only possible outcome was the one we all know now.
I'm sad that Mandriva died in such a way.
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Governor Scott Walker's recently signed budget could be bad news for small breweries in the state.
A motion was included that restricts microbreweries' ability to possess a wholesaler's license.
The provision could also de-value many small brewers' side businesses.
Before the legislation, brewers could establish a bar and sell thier own beer as well as beer from other breweries.
Now, that option does not exist.
"We own another business that's completely separate from the brewery that will actually lose it's liquor license because the language states that you cannot own a liquor license on top of the new brewers permit. That de-valued that business right there", said Marc Buttera, President and Founder of O'so Brewing in Plover.
The Wisconsin Craft Brewing Industry and many Republican and Democratic legislators were opposed to the budget provision.
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TUALATIN -- City councilors are mulling if Nyberg Rivers, a planned shopping center redevelopment expected to bring 1,500 jobs and thousands of new visitors, meets muster for hopes to revitalize the city.
The master plan for the center, which will be anchored by outdoor retailer Cabela's, came before the council Monday night. As the meeting approached 10:30 p.m., councilors deferred a vote until August 7.
CenterCal Properties, developer of Bridgeport Village and Nyberg Woods, is developing Nyberg Rivers west of Interstate 5 and north of Southwest Nyberg Street.
Generally city councils don't get involved with designing shopping centers, but Tualatin's council has the power to approve major developments in its Central Urban Renewal District. This is to ensure development matches the council's urban renewal goals, ranging from encouraging pedestrian traffic to balancing commercial development with strong parks.
Councilors and residents said this shopping center is crucial to Tualatin, as the gateway to the suburban city from I-5 and entry into downtown. Some questioned if a big-box style Cabela's and businesses spread far across a wide-open parking lots was good enough for Tualatin.
"We want to try and really encourage a grand wow entrance," said Mike Ward, a member of Tualatin's architectural review board, said of Nyberg Rivers. "This is our front door."
Here's a breakdown of the Nyberg Rivers plan and what councilors said:
Who is coming?
Fifteen new businesses are coming. CenterCal CEO Fred Bruning said every shop will be new to Tualatin and some new to the Portland area.
The only confirmed new tenant is Cabela's, which announced this spring its anchor store in Nyberg Rivers will be its first store in the Portland area. Site plans obtained by The Oregonian suggested Target was courted too.
New Seasons appears in renderings between Michael's and Cabela's and in a traffic analysis. Bruning said he can't confirm that New Seasons, or any other business, will be a tenant until the company makes the announcement. He did tell the council he is excited about bringing "one of the greatest natural foods supermarket in the nation" to the shopping center.
[UPDATE: New Seasons has confirmed it is coming to Nyberg Rivers)
A new drive-thru restaurant is expected to replace Jiggles. That restaurant may be Chik-fil-A, according to conceptual site plans obtained by The Oregonian. Councilors Joelle Davis and Nancy Grimes opposed adding new drive-thrus to keep the center more pedestrian-friendly and minimize the number of one-time visitors. The complex already has three drive-thru banks and a drive-thru Wendy's. This issue will come up again next meeting.
An unidentified health and fitness center would be at the northeast corner of the shopping center, near a future patch of land and trail near Tualatin River.
What's happening to the businesses already here?
The only confirmed departing business is Jiggles, a strip club whose sign greets drivers coming into Tualatin from I-5. The lease ends Jun 2014.
About 20 businesses have leases that the developer must honor, said Bruning. Wendy's wasn't supposed to be part of the new center, Bruning said, but its lease had been extended. The fast-food restaurant will be relocated within the complex.
What's happening by Tualatin River?
A future cycling and pedestrian trail would come between the river and the shopping center. It wouldn't cross Interstate 5, but cyclists and joggers could pass through the shopping center, downtown Tualatin and back to the river through Tualatin Community Park.
It's not clear when that trail would open, or on whose dime. The area was identified by Metro for a Tualatin River Greenway Trail. CenterCal's Bruning said he would be interested in building the trail if the price is right. Tualatin City Manager Sherilyn Lombos said the city would have to seek funding to develop the area.
Residents and city staff raised concerns that people on the trail would see Cabela's dreary back side. Tualatin city staff asked the developer to consider adding a back entrance to the store, which the retailer opposed for branding and security reasons. The compromise is adding larger windows and other aesthetically-pleasing features on the store's back wall.
What about traffic?
New turn lanes and other road improvements are necessary for this development.
The biggest uncertainty lies in how Southwest Martinazzi Street, west of the complex, can handle new traffic. Rival traffic engineer firms Kittelson & Associates and DKS Associates came to different conclusions about how many new cars would be driving on that street.
The council did not discuss this issue yet, but what's at stake is whether or not Southwest Seneca Street is extended across Martinazzi and into Nyberg Rivers.
Wasn't this development supposed to lead to city council building's demolition?
That's because Seneca's extension will go right through the building housing chambers and some city staff. But CenterCal isn't pushing for the extension and the city has considered not moving.
A new building would cost more than $4 million, a consultant told council Monday. The consultant said renting space or shifting staff in existing buildings was unsustainable. City staff pushed for a new building, which would likely be on the north side of an extended Seneca Street, as the best scenario for traffic.
Tualatin councilors will revisit the issue of new digs later, given the lack of clarity with traffic data.
Where did city staff and the developer disagree?
City staff wanted the developer to cede more sidewalk space along Southwest Nyberg Street to allow for both pedestrians and bikes, in addition to a new bike lane between a turn lane into the center and regular traffic.
But CenterCal says they don't have enough space for that. Now staff are choosing between a bike lane or large sidewalk, after councilors raised safety concerns about a bike lane wedged between two lanes of traffic near a freeway.
Another issue is trees: City staff do not want the same skinny trees in Nyberg Woods' parking lot in Nyberg Rivers. And councilors and residents raised concerns about CenterCal's plans to remove (while also replacing) many of the existing trees along I-5 and in the center.
The council will revisit Nyberg Rivers on August 7, where issues including traffic and outdoor sales at Cabela's still need to be discussed.
If the master plan is approved, Nyberg Rivers needs approval from Tualatin's Architectural Review Board around October. Construction may start in late 2013, with Cabela's slated to open fall 2014.
--Fenit Nirappil: 503-294-4029
The Oregonian publishes Tualatin news online first at www.oregonlive.com/tualatin. News also appears in The Oregonian and the Wednesday Southwest Community News section.


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MAHAFFEY — A take-out roast beef dinner to benefit Community Volunteer Fire Department of Mahaffey will be held Saturday, Oct. 17 from 4-7 p.m. at the firehall located at 958 Market St., Mahaffey.
The meal includes roast beef, buttered parsley potatoes, corn, roll and dessert. Tickets are $7 each.
Organizers suggest advance tickets be purchased, as a limited amount of 300 dinner tickets will be sold. Any tickets remaining from pre-sales will be available at the door.
There will also be a bake sale and a basket raffle in tents located behind the firehall.
The raffle includes gift certificates for local businesses and restaurants and baskets filled with articles including kid’s items, breakfast foods, cleaning products and grocery items donated by area churches.
All proceeds will be used to pay down the principal on the firehall’s mortgage.


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Dow Chemical Co said it would sell a bulk of its chlorine operations - its oldest business - as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion.
Other assets identified for sale by the world's No.1 chlorine producer on Monday included its epoxy business and some brine and energy assets, representing a total of $5 billion in revenue.
Continue Reading Below
The bulk of what the company plans to sell is housed in its performance materials business, which is particularly exposed to swings in commodity prices.
Dow Chemical, like other U.S. chemical makers such as Dupont , is moving away from providing a wide range of products to focus on electronics, packaging and agriculture.
Dow Chemical said in October it expected to raise between $3 billion and $4 billion from asset sales in the next 18 to 24 months.
The largest U.S. chemical maker by sales has shed non-core businesses representing about $8 billion in revenue since 2009.
Dow Chemical also said on Monday it would shut about 800,000 tons of chlorine and caustic equivalent capacity in Freeport, Texas.
Dow Chemical said it expects to execute these plans within the next 12 to 24 months.
Dow Chemical shares were up 1.3 percent at $39.55 in premarket trading on Monday.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Saumyadeb Chakrabarty)


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The 2016 Dakar Rally was dogged by problems, raising the questions whether South America still works, if the bigs teams are getting it too easy and if they’re throwing too much money at it. We put that to the panel.
Can a government of a region that once boasted being a global motorcycle powerhouse bring back prosperity?
Some people prefer sport tourers. Some people prefer cruisers. Mike Saunders prefers a Honda Ruckus, and he has taken it to all four corners of North America.
Getting frustrated at the lack of details for the upcoming Ninja 300 series? Hang in there …
Here are all the new motorcycles that will be coming to Canada in 2016. Well, all the ones we know of to date anyway.
This year is the Motorcycle Supershow’s 40th anniversary. Why spoil a winning formula?
The three panelists take a look at BMW’s new G310, the company’s first ever low cost, entry level motorcycle with a small capacity. In a world getting saturated with smaller bikes, can BMW grab a slice?
A summary of CMG’s season with the long-term Honda CRL250L
Harley Davidson Canada has a new guy at the helm and have a 4% drop in sales year over year to address to boot. Our panel discusses if the new Street line could be the saviour.
We have a winner of the Dryspec luggage courtesy of Twisted Throttle Canada.


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[EXCLUSIVE] Fold 2 will not be paired with S Pen: sourceSamsung Electronics won’t likely support the upcoming Galaxy Fold 2 with a digital pen, according to a source at the company with knowledge of the matter, defying a wave of speculation that the new folding phone will come equipped with the S Pen stylus.
The source, who spoke on the condition of anonymity, said on Monday that the successor to the ill-fated Galaxy Fold “is not ready” this year for paring with the accessory, although the tech company’s ultimate goal is to fit its future foldable phones with the S Pen.
“The Galaxy Fold 2 won’t come with the S Pen,” the source said, “because there are technical problems to be resolved,” while declining to specify the issues.
He also confirmed that the smartphone maker will embrace ultrathin glass, or UTG, that was used on the Galaxy Z Flip, instead of the plastic screen used on the Fold.
The details about display are important because Samsung had to delay the launch of the previous Fold following reviewer revelations that its screen broke easily.
Industry insiders predicted that Samsung will pull out all the stops to promote the folding phone and the Galaxy Note 20 due to the disappointing sales of the flagship Galaxy S20 model.
The Galaxy Fold 2 will come out “before autumn,” according to Koh Dong-jin, CEO and president at Samsung Electronics.
Market analysts expect the rollout to be in August.
Except for the release date, much about the new model remains unknown.
But it is rumored to feature 256 gigabytes of internal storage for a lower starting price than its predecessor.
BY PARK EUN-JEE [firstname.lastname@example.org]


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TSX gains as Astral shares soar on BCE takeover
Index down 0.05 percent for the week
By Jennifer Kwan
TORONTO, March cheap canada goose uk 16 (Reuters) Toronto main stock canada goose index jumped on Friday as shares of Astral Media soared on news that BCE Inc will buy the media company canada goose uk outlet for C$3 billion.
The parent of Bell Canada said on Friday it has agreed canada goose clearance to acquire Astral, its largest content provider, canada goose coats in a deal canada goose uk black friday to lock up more of the programming carried over its media platforms and expand Canada Goose Coats On Sale its presence in French speaking Quebec.
Shares of Astral jumped 33.9 percent to C$48.55. BCE fell 1.1 percent to C$39.64.
The canada goose black friday sale news comes on the heels of other recent takeover stories including Neo Material Technologies, which soared last week after Molycorp said it would buy the rare earth processing buy canada goose jacket company in a C$1.3 canadian goose jacket billion deal.
Viterra is also the focus of buyout talk with Swiss trading house Glencore planning a three way carve up of Canada Goose Jackets Canada biggest grain handler with privately owned Richardson International and fertilizer producer Agrium canada goose outlet, according to an industry source.
like to see these deals. From Neo Materials to Viterra Canada Goose sale to Astral Media. What does this tell us? It tells us that valuations have gotten too cheap, there a canada goose store lot of excess cash, said Barry Schwartz, canada goose uk shop portfolio manager at Baskin Financial Services.
got low interest rates so it cheap to borrow money; credit is flowing again. In that situation we just scratching the surface in terms of canada goose clearance sale takeovers.
The Toronto Stock Exchange S composite index canada goose coats on sale finished the day up 41.14 points, uk canada goose outlet or 0.33 percent, at 12,496.96, with five of its 10 main sectors higher. It slipped 0.05 percent for the week.
The blue chip S 60 index rose Canada Goose online 3.08 points, or 0.44 percent, to buy canada goose jacket cheap 710.74.
Fred Ketchen, director of equity trading at ScotiaMcLeod, said takeover news tends to uk canada goose put some buying Canada Goose Outlet interest into the broader market.
you get a takeover bid in one area or sector you wonder is this a takeover fever that is rebuilding. There is money around, he said. does show the interest is there and the trend is there.
Groups leading Friday gains Canada Goose Parka included the index heavyweight materials, energy and financial sectors as investors felt better about the broader economic outlook, while canada goose factory sale oil prices were higher.
Elsewhere, key stocks on the upside included fertilizer companies. Shares of Potash Corp and Agrium rose 6.6 percent and 3.2 percent https://www.canadagooseoutletcanada.ca, respectively, after data indicated that North American inventory levels for potash tightened for the first time since October 2011.
Large miners like Potash and Mosaic have been scrambling to cut output for cheap Canada Goose months as farmers and dealers had stalled purchases of the crop nutrient, Canada Goose Online leading to fears of a decline in the price.


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Last week the New York Times profiled Sion Misrahi, a child of Manhattan’s Lower East Side, who has grown up to become that area’s resident powerbroker. The article, which charts his rise from young clothing shop proprietor to older building owner to middle-aged real estate dealer, details his change in attitude toward the neighborhood he grew up in. It describes his attempts in the early 1990s to get the city to refashion the Lower East Side as a historic district — something along the lines of the South Street Seaport. The plan failed, but as gentrification began to set in later in the decade, Misrahi saw the Lower East Side’s incredible economic potential and repositioned himself to help spur the process along. The result, as anyone who has been to the area in the last several years knows, has drastically refashioned the neighborhood.
Gone are many of the Lower East Side’s old hallmarks: Orchard Street’s discount clothing shops (once, in an era of New York City Blue Laws, the only stores open on Sundays); and most of the old-world–style Jewish food purveyors — dairies that served baked farmer’s cheese and bakeries that sold the knotted pumpernickel bagels often rhapsodized about by writer Calvin Trillin. Gone, also, are many of the newer hallmarks — the alternative playhouses, thrift shops, and record stores that came in the ‘90s: the bohemian first-wavers that often precede the full swell of gentrification. Many have been replaced with other businesses, such as bars, but whole buildings have been demolished as well to make way for progress. Misrahi’s biggest time-commitment in the last several years seems to have been brokering real estate deals for others, helping to wholly reshape the Lower East Side landscape. With high-rise buildings replacing one-story shops and parking lots, the skyline itself has changed. Aging tenement buildings are now overshadowed by their new neighbors: high-end hotels and apartment buildings bearing a distinctive, contemporary architectural style that looks dated almost as soon as construction is completed.
The Times article ends with Misrahi eating at Katz’s, the 119-year-old delicatessen that is surely one of the area’s most enduring businesses. Recently, rumors have circulated that the restaurant’s owners are considering selling their property — many real estate developers see vast potential in razing the one-story building at the corner of Houston and Ludlow Streets. Misrahi seems horrified by the idea. As he says in the article, “The soul of the Lower East Side will be ripped out” if Katz’s closes. He seems interested in brokering a deal that will allow Katz’s to remain as a Lower East Side establishment.
But the truth, as almost everyone watching the proceedings knows, is that it’s too late. Even if he manages to help stay the execution for a time, Katz’s will eventually close. At this point, there’s too much money to be made. And Misrahi may be the only one who fails to see that Katz’s closing — the ‘ripping out of the neighborhood’s soul’ — will be a direct result of the very changes that he has brought about.
Another sign of how things are going in New York came last week, too. On Tuesday June 5, word spread quickly that this may be the last season to get Latin American food at the Soccer Fields of Red Hook, Brooklyn.
Every weekend — for at least ten years, but perhaps even thirty — immigrants from various Latin American countries have set up temporary food stalls along the perimeter of the Red Hook Recreation Area to sell fruit, drinks, and freshly prepared food to the soccer players gathered there for league games. The horchata, pupusas, quesadillas, baleadas, and other delicacies available are some of the best Latin American food I have ever had in New York. Moreover, the atmosphere there — the mixture of people from different cultures, the intermingling sounds and smells as you wait for your food in the blazing summer sun — is unparalleled. Its overlapping of cultures may be the greatest evocation of New York’s true essence. Since first visiting several years ago, I now make the pilgrimage across Brooklyn to stuff myself often — about once a week during the season, which normally lasts from the last weekend in April until the end of October.
Naïvely, I now realize, I thought it would go on indefinitely.
According to reports by New York Magazine and The Village Voice last week, the Department of Parks and Recreation will not be renewing the food stall vendors’ Temporary Use Agreements, which have allowed them to set up in the park until now. Instead, the vendors will be allowed to stay only until September 8, and then the Department will open up bidding on the concession licenses. The implication, of course, is that the highest bidders — the companies with the most money to throw around, not the individual families who have been selling there for years — will win.
In retrospect, of course, I really should have seen this coming. Low mutterings have issued for several years about the great changes creeping into semi-desolate, out-of-the-way Red Hook. First the high-end Fairway Supermarket arrived, and then real estate prices crept to surprising heights — especially for a neighborhood off of the MTA subway system. And IKEA, the international retailer, tried for several years to establish a location in the neighborhood. Its store is now under construction on a quiet street three blocks from the bustle of the Soccer Fields.
Moreover, changes came to the Fields themselves. With more coverage in the local press last year, it was no surprise to see more visitors every weekend. To a certain extent, this is a good thing — although it means longer lines, and waits, it also ensures getting the most freshly prepared food, and means the vendors are making more money. But the Soccer Fields’ raised profile and steady crowds are probably what caught the attention of the city. This year, Opening Day was delayed by a week, and the vendors were directed to set up in a different place than in the past. Though these were small clues of the Department of Parks and Recreation’s intentions, the evidence now suggests the greater change ahead.
When the news broke last week, the city’s misguided meddling seemed like an attempt to control what had developed organically over time. By offering vending licenses to the highest bidder, the department would effectively sweep out the food vendors who had regularly brought large crowds to Red Hook. The mistaken belief that these crowds would continue coming — or that they would be replaced by legions of IKEA shoppers leaving the temperature-controlled megastore behind for a hot dog, a latte, and a relaxing stroll in the park — suggests a high degree of bureaucratic cluelessness.
Still, the situation in Red Hook, despite initial appearances to the contrary, might not be unsalvageable. Within hours of the news breaking last week, Soccer Fields fans had spread information on how to appeal to city officials about the situation across New York food blogs and internet message boards like Chowhound. If the city was going to try to drastically alter the Red Hook Soccer Fields, it was not going to happen without a fight. Because the park is a publicly held property, some people maintained, a large public outcry could affect the outcome.
Unsure of the park’s future, a group of us went to the Soccer Fields on Saturday afternoon to get in as many meals as we could before September 8. We were surprised to find short lines and no game in progress — the park seemed emptier, as if many regulars had already abandoned it. It took us a few minutes to realize that a big group had clustered in one area of the park. Relieved, we bought baleadas and wandered over. The commotion was actually a press conference by Senator Chuck Schumer (a Brooklyn resident), who was speaking to reporters and TV news crews in support of the food vendors.
As a U.S. senator rather than a local politician, Schumer may have little direct influence on the situation. Still, the quick mobilization displayed in getting his support — and the resultant media attention — suggests that the Soccer Fields might yet have a chance. It’s too soon to know how this will all turn out. But even with the changes that have already come to the neighborhood, Red Hook is not the Lower East Side. With enough public outcry, the Soccer Fields could still be saved.


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On May 25th, Jaquet Droz presented its 2017 novelties to local collectors and watch aficionados during an exclusive event in Singapore. Being one of the trend setter in the region, Singapore was chosen as the first stop of the travelling Collection in Asia. The guests were welcomed by Jaquet Droz representative and Kevin Tan, the founder of Deployant who had the pleasure to introduce the brand in the heart of the city’s luxury area – Grand Hyatt Hotel at Scotts Road.
During the presentation Jaquet Droz lovers had the opportunity to discover the new Grande Seconde Moon, Grande Seconde Quantième Satin Brushed, and limited editions from our Ateliers d’Art, among other novelties. They also get a chance to listen to Jaquet Droz Bird Repeater – a very exciting and elaborated timepiece with a minute repeater and automaton at the same time.
“Some watches tell time, some tell a story”
This latest variation incorporates rock fragments from the sheer slopes of the Matterhorn.
The falcon, national symbol of the United Arab Emirates, was honored in an exclusive new version of the Bird Repeater that draws on 280 years of the Jaquet Droz Art of Astonishment.
Until April 10, 2019, The Hong Kong Jockey Club Series: Treasures of Time exhibition is running at the Hong Kong Science Museum.
You wish to be informed of the latest news ?Subscribe to the newsletter


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Staples’ Smart-size Packaging, developed by Packsize International, has shrunk the retailer’s environmental footprint: more than 15 percent less corrugated used, approximately 60 percent less void fill, and an improvement in less-than-full-case average cube utilization by 20 percent.
By implementing Smart-size Packaging, Staples also reduces its annual carbon footprint by more than 25,000 metric tons annually.
For this sustainable packaging achievement, Staples and Packsize International have jointly won the Gold Sustainability top honor from the World Packaging Organisation during the 45th annual WorldStar Packaging Awards competition held during the Interpack trade fair in Dusseldorf, Germany.
The WorldStar award in packaging is presented only to those entries that had won recognition in an approved regional or national competition during 2013. The combined Smart-size Packaging nomination won the qualifying AmeriStar award in June 2013 and a WorldStar award last November.
Also this week Staples Canada announced its sustainability goals, which include identifying opportunities to reduce packaging. For example, the company is transitioning away from plastic packaging for Staples surge protectors.


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Stocks ended a choppy session with a mixed performance on Wednesday. Meanwhile, continued worries about an eventual recession pushed Treasury yields sharply lower.
While overall trading on Wall Street remained cautious, 2U (TWOU) saw a substantial rally on the session. Shares advanced by nearly a fifth following reports of a takeover offer.
General Mills (GIS) also made the list of standout gainers. Shares of the packaged food maker reached a 52-week high following the release of strong earnings figures.
Quarterly results had the opposite impact on Bed Bath & Beyond (NASDAQ:BBBY). Weighed down by a weak report and a change in its top executive, the stock lost almost a quarter of its value.
Meanwhile, renewed concerns about the travel industry weighed on Booking Holdings (BKNG), which fell to a new 52-week low.
Shares of 2U (TWOU) jumped after the educational technology firm received a buyout offer, with the stock soaring 17% on the session.
According to The Print, India-based online education provider Byju has submitted a bid worth about $15 per share in cash. The total value of the offer tops $1B.
TWOU closed Wednesday's trading at $10.92, a gain of $1.62 on the session. In recent weeks, shares have come off a 52-week low of $7.28 set earlier this month.
Still, even with the M&A speculation, the stock remains sharply lower over the past year. TWOU has fallen about 74% since the same time in 2021.
Disappointing earnings and a major leadership shake up sparked selling in Bed Bath & Beyond (BBBY). The home products retailer saw its stock plunge almost 24% after announcing the departure of its CEO.
The company revealed that chief executive Mark Tritton will step down from his position, with independent board member Sue Gove taking over on an interim basis. The firm also named a new chief merchandising officer.
The C-Suite change came as the company revealed a wider-than-expected loss for Q1, with sales that tumbled 25% from last year. Gross margins also contracted significantly.
The news sent BBBY lower by $1.54, with the stock finishing the session at $4.99. During the day, shares also reached an intraday 52-week low of $4.90.
Friday's retreat was part of a longer-term downtrend for the stock. While it saw a recovery attempt during late February and most of March, the stock has been steadily retreating over the past three months.
All told, BBBY has dropped 85% over the past year.
Notable New High
The release of quarterly results allowed General Mills (GIS) to set a new 52-week high. Shares of the packaged food maker also received support from a raised dividend, ending the session higher by more than 6%.
Best known as the maker of cereals like Cheerios and Chex, GIS reported a quarterly profit that beat expectations by more than 10%. Sales also exceeded projections, rising 8% to $4.89B.
The company navigated a difficult inflationary environment during the quarter, featuring "double-digit input cost inflation" and "supply chain deleverage." As a result, the company faced gross margin contraction.
GIS also raised its dividend by 6%.
Based on the earnings report, GIS rallied $4.43 to close at $74.72. The advance added to a recent upswing, with the stock pushing above its previous 2022 closing peak. Shares, which have climbed about 11% year to date, also established a new intraday 52-week high of $75.
Notable New Low
Worries about the health of the travel sector re-emerged on Wednesday, pulling down shares of Booking Holdings (BKNG). The stock dropped about 1.5% on the session, reached a new 52-week low.
Morgan Stanley lowered estimates on cruise operator Carnival, saying the bear case for the stock could see shares fall to $0. Amid this environment of concern for the sector, which has recovered dramatically from its COVID lows but currently faces the prospects of a cooling economy, a host of other travel stocks dipped. This included Expedia (EXPE) and Tripadvisor (TRIP), which fell by nearly 2% and 3%, respectively.
For BKNG, the downward pressure took the stock to an intraday 52-week low of $1,760. It recovered a bit by the close, ending the session at $1,810.33, a retreat of $28.09. TRIP also set a fresh low, while EXPE remained off a nadir reached last week.
For more of the day's biggest winners and losers, head over to Seeking Alpha's On The Move section.