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Bank bosses to dodge EU pay clampdown on big share payments even as frontline staff lose out
Bank bosses could hold on to controversial share-based allowances despite a clampdown which is poised to prevent similar payments going to frontline staff.
The perks were introduced to sidestep a ban which Brussels imposed on bonuses worth more than twice a banker’s salary.
The share-based awards enabled banks to bump up fixed pay without having to commit to paying the sum as salary in the long term, but they are likely to disappear throughout much of the industry.
Bankers' pay: A number of banks are expected to ask their shareholders about ways to boost basic pay
However, a number of banks are expected to ask their shareholders in the next month if they would prefer bosses to continue receiving a large chunk of their pay in shares in order to better align them with investors.
The alternative might be to boost basic pay – which could prove even more controversial.
Jon Terry, a City pay expert at PricewaterhouseCoopers, said: ‘Banks may decide shareholders would accept share-based payments but not accept increased salaries.’
The European Banking Authority has determined that allowances can be varied only when a banker’s role changes significantly. Such changes to an executive’s role would only occur if they were stood down, so allowances would be fairly constant.
Employees dealing with compliance, risk and internal audits might continue to be paid regular share instalments, Terry said.
He added that US banks were more likely than European banks to continue paying share-based allowances as the payments could be removed when staff were transferred to non-European offices.
The Big Four banks all declined to comment.
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Apple CEO Tim Cook Says No One Uses Android Smartphones, Nokia Failed to Innovate
September 19, 2013 12:03 PM
comment(s) - last by
Federighi, Cook, and Ive
Cook, Jony Ive and Craig Federighi talk about the new iPhones, market share and the competition
Only a week after the big
iPhone 5S/5C reveal
and a day before their launch,
CEO Tim Cook says he isn't worried about iPhone market share, and even managed to throw a few stones at the likes of Nokia and Google's Android.
Sam Grobart sat down with Cook to talk about Apple's place in the mobile market, and whether Cook is worried that competitors like Android will continue gaining market share in various areas as Apple continues to offer luxury-priced phones that appeal to only certain markets.
“There’s always a large junk part of the market,” said Cook during the interview. “We’re not in the junk business. There’s a segment of the market that really wants a product that does a lot for them, and I want to compete like crazy for those customers. I’m not going to lose sleep over that other market, because it’s just not who we are. Fortunately, both of these markets are so big, and there’s so many people that care and want a great experience from their phone or their tablet, that Apple can have a really good business.”
Apple recently announced the expected high-end iPhone 5S, which has a starting unsubsidized price of $650. The iPhone 5C, which was believed to be a budget version of the iPhone for emerging markets like China, was expected
to be priced at a "budget" range
. However, its unsubsidized price is only $100 less than the 5S.
While Apple is working hard to make deals with China Unicom, China Telecom and China Mobile, many wondered if Apple would be able to sell to this market considering the still-high price of the iPhone 5C.
“We never had an objective to sell a low-cost phone,” said Cook. “Our primary objective is to sell a great phone and provide a great experience, and we figured out a way to do it at a lower cost.”
Google's Android is a good example of an operating system that spans both high and low end smartphones, offering a vast price range for those looking to shop on either side of the spectrum. This gives Android the ability to reach various markets, and continue gaining market share. In fact, IDC said nearly 80 percent of the world’s smartphones run Android. It also said the average unsubsidized price for a smartphone fell from $450 to $375 last year.
But Cook brushes this off, saying that customers tend to buy Android devices and dump them in a drawer while an iPhone is the smartphone they truly use.
“Does a unit of market share matter if it’s not being used? For us, it matters that people use our products. We really want to enrich people’s lives, and you can’t enrich somebody’s life if the product is in the drawer.”
Cook added that he doesn't see Android as just one entity competing against Apple. Rather, the operating system is so fragmented that many users are running versions as old as Gingerbread from three years ago.
Here's a breakdown: About 45 percent of Android users are on Jelly Bean, the latest version of Android, while 31 percent are still on Gingerbread and 22 percent are on Ice Cream Sandwich. Apple says 93 percent of its users were on iOS 6 at the end of June.
“And so by the time they exit, they’re using an operating system that’s three or four years old," said Cook. "That would be like me right now having in my pocket iOS 3. I can’t imagine it.”
Apple's idea is that having one company work on both the hardware and the software makes a big difference when it comes to user experience, instead of Google's method where Android is given out to various hardware manufacturers like Samsung.
Jony Ive (senior vice president of Design at Apple) and Craig Federighi (senior vice president of Software Engineering at Apple) -- who also took part in the interview -- agreed that the new iPhones marry hardware and software better than other smartphones. And while the iPhone doesn't receive new OS versions or updates as often as Android, they said that Apple doesn't just push out new features for the sake of having them; they take the time to perfect them, and make them better than anyone else.
“New? New is easy. Right is hard,” said Federighi.
Cook also addressed the Apple/Microsoft comparison of the 1990s, where Microsoft licensed its Windows operating system to hardware makers like Dell and Hewlett-Packard while Apple only used its operating system on its own Mac hardware line. This allowed Microsoft to gain a ton of market share at that time while Apple's plummeted, and many wonder if Apple is making the same mistake in its competition with Android.
Speaking of Microsoft, Cook said the recent $7.2 billion purchase of Nokia's devices and services unit shows that more companies are trying to follow Apple's lead. He also took a jab at Nokia, saying that it's failure to innovate led to its end as a mobile leader.
“Everybody is trying to adopt Apple’s strategy,” said Cook. “We’re not looking for external validation of our strategy, but I think it does suggest that there’s a lot of copying, kind of, on the strategy and that people have recognized that importance.
"I think [Nokia] is a reminder to everyone in business that you have to keep innovating and that to not innovate is to die.”
The iPhone 5S and iPhone 5C hit store shelves tomorrow, and while iPhone market share sits below that of Android and
Apple stock has taken a dive
since its $700+ high last September, Cook believes that the company is doing the right thing.
This article is over a month old, voting and posting comments is disabled
And in the rest of the world...
9/19/2013 5:36:26 PM
Outside of the USA, where iphones are not subsidized, people have switched from iphone+ipad to just a phablet. That's the trend, and gimmicks are not going to change that. No one in his/her right mind is going to carry/pay for two devices + two data plans.
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A new study by WalletHub shows that some items will be more expensive on Black Friday than at other times of the year. But there are more bargains than ever before this year, the report suggests.
Books, movies and music will offer the most value on Black Friday 2017, relative to their current prices, while jewelry, apparel and accessories tend to be the worst deals.
Kohl’s, JCPenny and Belk are considered to be among the best stores for Black Friday deals, offering an average discount of 62.8 percent.
Approximately 8 percent of items will be more expensive on Black Friday than they currently are on Amazon.com
33 percent of people plan to spend $500 or more on holiday shopping this year, down from 37 percent last year.
The survey of shoppers suggests the top three gift cards to be purchased and given as gifts this year are from iTunes, Starbucks and Walmart.
Watch out for major retailers that offer zero percent financing using a feature called deferred interest, which has the potential to make holiday purchases up to 27.5 times more expensive than expected.


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just the Round-Up - The week in drinks
The week in drinks
The top ten stories published on just-drinks last week:
Constellation Brands has confirmed a switch of chief information officer.
United Spirits has seen weak third-quarter trading take the shine off a rise in sales and profits for the first nine months of its fiscal year.
Central European Distribution Corp has renewed its exclusive distribution deal with Beam Inc in Poland, as the group continues to consider a proposal from Russian Standard.
SABMiller has cemented an agreement with Anadolu Efes that will see it hand over Russian beer operations in return for a 24% stake in the Turkey-based brewer.
Starbucks Coffee Co plans to increase the number of its US coffee houses that also offer wine and beer in 2012.
Panmure Gordon analysts have cut their full-year profits target for Britvic, on the back of sales declines in the firm's UK stills division and in Ireland.
The UK Government is considering introducing duty tax stamps for beer, as the country's National Audit Office urges HM Revenue & Customs to do more to tackle duty fraud.
Wide-ranging reforms to the European Union wine sector have fallen short of ambitious targets, according to a report by Rabobank.
The former MD of Diageo's Northern Europe region has been appointed CEO of the UK division of Carlsberg.
The chairman and CEO of The Coca-Cola Co has said the company will look to create around 100,000 jobs globally, over the next ten years, according to reports.
Earlier this week, we ran part one of our interview with the CEO of Remy Martin, Patrick Piana. Here, in the second and concluding part, Piana looks at the emerging markets as well as the mature marke...
Patience Gould is keen to snap you romanticists back into the real world. Brace yourselves......
- Comment - Scotch's Battle with Age
- Focus - The Risks of Acquisitions
- SABMiller & Meantime: Notes for the New Owner
- Interview - Illva Saronno CEO Augusto Reina
- Are Coca-Cola, A-B InBev at a FIFA Crossroads?
- Pernod Ricard to up focus on consumers - CEO
- Diageo creates USL unit to oversee own brands
- Pernod Ricard on US starting blocks with Havanista
- Diageo to close Maryland bottling site
- A-B InBev GSA head in drink-driving crash
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Global rum insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review


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Below is information from the Wilmington Farmers Market, which has currently “paused’ its winter season:
WILMINGTON, MA — In lieu of a live and in-person farmers market, some of our vendors are offering free delivery (minimum orders apply) this Friday, March 20, 2020.
Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email email@example.com.


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House Bill 1284, which would have allowed grocery and convenience stores to sell full-strength beer, has died in the Colorado House of Representatives, says Denver's 9NEWS.
The idea has failed several times in the past but Monday's debate was the first time the issue has reached the floor of the Legislature. House lawmakers debated the bill for more than 2 1/2 hours before voting against it.
The bill was strongly opposed by craft breweries; Mike Bristol, owner of Bristol Brewing Company, took to our pages to make his case under the headline "Be Careful What You Wish For." For a look at the moment, here's Bristol's Twitter:


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Clothing store chain Eddie Bauer said today it has detected and removed malicious software from point-of-sale systems at all of its 350+ stores in North America, and that credit and debit cards used at those stores during the first six months of 2016 may have been compromised in the breach. The acknowledgement comes nearly six weeks after KrebsOnSecurity first notified the clothier about a possible intrusion at stores nationwide.
On July 5, 2016, KrebsOnSecurity reached out to Bellevue, Wash., based Eddie Bauer after hearing from several sources who work in fighting fraud at U.S. financial institutions. All of those sources said they’d identified a pattern of fraud on customer cards that had just one thing in common: They were all recently used at some of Eddie Bauer’s 350+ locations in the U.S. The sources said the fraud appeared to stretch back to at least January 2016.
A spokesperson for Eddie Bauer at the time said the company was grateful for the outreach but that it hadn’t heard any fraud complaints from banks or from the credit card associations.
Earlier today, however, an outside public relations firm circled back on behalf of Eddie Bauer. That person told me Eddie Bauer — working with the FBI and an outside computer forensics firm — had detected and removed card-stealing malware from cash registers at all of its locations in the United States and Canada.
The retailer says it believes the malware was capable of capturing credit and debit card numbers from customer transactions made at all 350 Eddie Bauer stores in the United States and Canada between January 2, 2016 to July 17, 2016. The company emphasized that this breach did not impact purchases made at the company’s online store eddiebauer.com. Continue reading →


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Crytek has told us it's exploring the possibility of making a new Timesplitters game.
"Yeah, we have been discussing it, but nothing has been confirmed yet, so let's see after Crysis 2," CEO Cevat Yerli told us.
The last released title in the Free Radical developed FPS series was 2005's TimeSplitters: Future Perfect, but a fourth game was in development before the UK studio went into administration in late 2008.
Free Radical was subsequently purchased by Crytek and renamed Crytek UK, and Yerli says he's very pleased with the work the team has been doing on the multiplayer component of Crysis 2, which hits stores in March.
"I love working with our UK friends," he said. "The team has been performing up to the quality bar easily. Our thinking was that the team had done 80-85 rated games, and we thought that with the right technology, IP and global IP direction they could reach the 90 barrier. I'm very confident that they can do that.
"Today we have around 70 plus team members working on multiplayer only," he added. "That's a huge commitment from our company and was only possible because Free Radical had that capacity and was able to grow quite fast after we took it over."


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Captive auto finance company Hyundai Capital America (HCA) has launched a pilot car subscription program that includes a special lease price, auto insurance, and service maintenance on selected vehicles.
The option, called Hyundai PLUS, is available via its Hyundai Motor Finance brand and is initially being offered in Ohio at select dealerships, on the MY18 Hyundai Elantra, Sonata, Tucson, and Santa Fe Sport models, with future expansion plans to follow.
The lender says combining the special lease, auto insurance premium, and maintenance into a single package with a single payment will ease the pain of current vehicle ownership, as well as allowing Hyundai retailers the opportunity to offer their customers additional value, and creating more touch points to service the customers.
Ross Williams, HCA president and CEO, said: “The Hyundai PLUS subscription program provides excellent value to our customers. Convenience, quality, and putting customers first continue to be the driving force behind our product introductions.”


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Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
Trulia and Zillow announced they will join forces in a deal worth a reported $3.5 billion. It looks a lot like something that happens in tech when a sector matures in which companies start buying each other open a so-called roll up. We explain why this happens and what to expect in this business. Plus, Dollar Tree will also be acquiring Family Dollar Stores in a deal valued at $8.5 billion. How have things changed and how are these stores repositioning themselves as the economy recovers? In Detroit, the city water agency is proceeding with its plan to go after individual residents who are delinquent, to scare people into paying up, while negotiating with or otherwise letting slip by the big delinquent users who can fight back. Like Chrysler. And the state of Michigan.
We’ve come to expect lousy earnings reports from Amazon, but yesterday’s was beyond lousy, and the stock is down 11 percent this morning. Has Amazon finally reached a point where it’s going to have to behave like other companies and make some money? Plus, under the Affordable Care Act, healthcare companies are required to spend at least 80 percent of premiums on actual medical care. We’ll explain how these rebates work and who actually gets the money. Also, has the automated red light camera system failed to live up to its promise? The system was created to improve safety on the roads and generate income in cities across the country, but the system has been plagued with controversy; and is increasingly unpopular with drivers.
Facebook’s blow-the-roof off earnings report shows that it has figured out mobile, and is set to dominate the mobile ad world. So how did that happen, and what comes next? Plus, in its latest earnings report, automaker GM has revealed that it expects to spend between $400 million and $600 million to compensate victims of its defective ignition switches. We consider the company’s strategy in handling its massive recall. Also, Twitter released its diversity statistics yesterday. Not surprisingly, they were as dismal as those at Google, Facebook and other tech companies. So now that they know the scope of the problem, what are these companies doing to address it?
Fighting between Israel and Hamas has led some U.S. and European airlines to cancel flights to Israel on safety grounds. We explore how airlines decide when they should or should not fly to a given destination. Plus, Target Corp. opened its first ‘TargetExpress’ store in Dinkytown, Minneapolis today. At 20,000 square feet it’s even smaller than its ‘City Target’ stores. This physical reduction reflects an expansion by the company into new markets, but why has this big box corporation decided to ‘go small’? Is this part of a larger trend by big box stores to make their mark on smaller communities? Plus, how will this move impact the company’s profit margin? We investigate. Also, corporate earnings continue to go up, up, up. But that doesn’t mean these cash-rich companies are going to give you a job. We explain why.
Is inflation dead? Seems fair to say it’s at least comatose. The latest numbers show little movement in consumer prices and that’s unlikely to change soon. Plus, companies like Comcast and Netflix are raking it in. So what are they doing with all that money? We investigate. Also, Boeing and Delta are in a massive fight right now over this esoteric thing called the Ex-Im bank and how much money ends up in Boeing’s hands. We explain what’s at the core of the fight and how it’s playing out in these two companies that once had a pretty symbiotic relationship.
European leaders are angry with Russia and say President Vladimir Putin should do more to rein in the Russian separatists in Ukraine suspected of being involved in bringing down flight MH17. We examine what sanctions it would take to persuade Russia to change course. Plus, TSA security fees on airline tickets are about to go up. We explain the math behind your ticket. Also, Whirlpool is threatening to leave the EnergyStar program, unless Congress grants immunity from class-action lawsuits. How healthy, and vulnerable, is this label now?


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Walmart rolls back prices on traditional Thanksgiving basics
(Gray News) – Given the higher grocery prices, shoppers are probably aware they may have to shell out more for holiday food this year.
Promotions in the coming weeks could help lower the costs.
Walmart is removing inflation on traditional Thanksgiving items, offering meal essentials at 2021 prices.
The retailer ensures a basket of basics like turkey, ham, potatoes, stuffing and pumpkin pie will not cost more than it did last year.
According to a news release, Walmart has been working with suppliers for months to make sure there will be enough holiday mealtime essentials this season.
Copyright 2022 Gray Media Group, Inc. All rights reserved.


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There's no need to spend vast sums of money to get a safe new car.
Read This Article
Nissan announces changes on the new Juke headed for Europe later this year.
Consider the 2012 Nissan NV3500 HD a godsend—at least if you’re a holy roller in need of a new set of wheels.
If Captain Planet were a real policeman of environmental consciousness and fighting the forces of evil and hydrocarbon emissions, he'd likely have a Nissan Leaf.


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Facebook is Implementing AOL's Most Popular Feature (AOL, FB)
Long before Facebook (NASDAQ: FB), Twitter, MySpace and other social networks took over the world, consumers turned to virtual chat rooms to socialize online.
But they weren't just any Web-based hub for communication -- they were AOL's (NYSE: AOL) chat rooms. Built specifically for America Online, they were the fastest, the easiest to access and the most intuitive available. Unlike today's social networks, which can be used by anyone using any device and any Internet Service Provider, AOL's chat rooms were an exclusive feature.
Those days are long gone, but the lure to socialize online continues to flourish. Between the hundreds of millions of Twitter users and the one billion people that have signed up for Facebook, social media is everything Mark Zuckerberg could have hoped for and more.
While most social networks feature instantaneous message posting, none of them offer a true chat room experience. Facebook hopes to change that when it launches a new feature sometime in the near feature.
According to TechCrunch, Facebook has confirmed that it is testing a feature codenamed "Host Chat." It will allow people to set up chat rooms that their friends can join with or without an invitation -- similar to the AOL chat rooms of yesteryear.
The goal is to allow Facebook users to chat with each other even if they have yet to "Friend" each other. While it does not appear that strangers can enter a chat room, 'Bob Everyman' could allow three unconnected friends to join the conversation. If everyone starts to chat, they could soon become 'Friends.'
Facebook hopes that this will inspire its one billion users to spend more time on the site.
Ten years ago, this might have been laughed off as an attempt to revitalize a dead feature. Today, it could very well be the step that ensures Facebook maintains its dominance in social media.
Millions of Facebook users are under the age of 20. Most of them have not experienced a real chat room experience, let alone the one crafted by AOL in the 1990s. This means that Facebook can create something that is entirely new for these users.
Older consumers -- those in their 30s and 40s -- may also be amused by the chat rooms, if only for the unavoidable sense of nostalgia.
If marketed correctly, Facebook could use its chat system to supplement or replace online dating sites. Many users already turn to Facebook to learn more about their potential mate. The site could now take this one step further by making it easier to make an introduction.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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The report, by retailer e.christmas.com, revealed that consumers splashed out £1.175 billion on online goods last month, accounting for seven per cent of all retail sales.
The huge growth in internet shopping has outstripped traditional high street stores, who have seen takings climb slowly in the build-up to Christmas.
The findings, which share a similar pattern with last year, will be warmly welcomed by small firms operating online, but may concern traditional retailers who are seeing more and more customers browse for presents on the web rather than hitting the shops.
E-Christmas.com said that consumers are turning to the internet because of the fast and simple payment and delivery service. Online shopping is estimated to be four times quicker than visiting bricks and mortar stores.
According to the research, over half of consumers did not like the chore of trawling around shops looking for gifts, while 56 per cent of those polled did not take a day off work to do their shopping, leaving many with little time to visit stores.
The early Christmas rush enjoyed by online retailers has not been replicated on the high street this year, with analysts blaming the England rugby world cup triumph and the poor weather for keeping shoppers indoors.
As reported by Startups.co.uk, studies have shown that many budding entrepreneurs are shunning shop spaces in favour of online retailing due to concerns over crime and the cost of running a store.
Louise Smart, a work-life balance specialist, said that Christmas is known to be a highly charged time of year for a great many people, but these findings have revealed some worrying trends.
“Busy people across the country are not taking the time out of their hectic schedules to do their Christmas shopping and are, as a result, trying to fit it around existing commitments.
“Shopping online can be more enjoyable than going to the high street as shoppers can share ideas in the home environment,” she said.
© Startups MMIII
[PRINTER FRIENDLY VERSION]


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Visionstate portfolio company Freedom Cannabis Inc. secures retail sales licence
EDMONTON, Alberta, Feb. 16, 2021 (GLOBE NEWSWIRE) — Visionstate Corp. (TSX-V: VIS) (“Visionstate” or “the Company”), is pleased to announce that Freedom Cannabis Inc., a portfolio company of Visionstate Corp., has received its “Processing Licence with Ability for Sale” from Health Canada on February 11, 2021.
The new licence expands Freedom’s Processing Licence sales authorization to include selling dried and fresh cannabis products to provincial and territorial authorized distributors, retailers, and registered patients.Freedom Cannabis Inc. also holds Sale (Medical) and Cultivation licences. The Processing licence previously allowed sales of plants and seeds. It further allows for provincial and territorial applications in the Northwest Territories (NWT), Saskatchewan, Alberta, and Ontario for consumer sales.This licence solidifies Freedom’s ability to market next-generation cannabis products for medicinal and retail sale through vertically integrated seed to sale operations. The Company is now ready to immediately convert its vault inventory into market-ready products, including pre-roll, extracts, and dried cannabis in 3.5g, 7g, 14g, and 28g units. The Company is now poised to leverage its automated packaging and processing systems to provide processing, packaging, and sale services to other licenced producers.“This licence allows us to now sell to the provinces and adds to our sales channels. We can now offset our business to business (B2B) sales with consumer-focused opportunities,” said Freedom Cannabis Inc. CEO Gianfranco Potestio. “The amendment adds a service model to the company to process, package and distribute for other Licenced Producers. Freedom will begin to leverage its packaging automation towards these services.”“This is a major milestone for the Freedom family, significantly expanding our market and sales opportunities, unlocking new and diversified revenue streams,” he continued. “It allows us to increase service and cultivation capacity and pursue larger commitments than ever before. We are excited about the scalability, flexibility, and growth potential this approval enables.”Visionstate Corp. invested in Freedom Cannabis in 2019 and is now working with the company to develop Internet of Things solutions for the cannabis market. The technology will streamline operations and provide detailed analytics on performance and regulatory reporting.About Visionstate Corp.Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.Issued on behalf of the Board of Directors
“John A. Putters”


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By LYDIA NATHAN / Pic by TMR FILE PIX
AEON Co (M) Bhd is likely to be impacted negatively by its retailing and property management segments this year partly due to the Movement Control Order (MCO).
In a recent report, MIDF Amanah Investment Bank Bhd noted that headwinds may persist into the first quarter of 2021 (1Q21) due to the longer than expected MCO which is expected to last through to March.
“We expect year-on-year (YoY) decline in sales due to the MCO, which was reintroduced on Jan 13, 2021, which coincided with the Chinese New Year celebration, a seasonally strong period for the business, thus causing loss of sales from the general merchandise segment during the festive season,” MIDF stated.
It expects AEON to give rental rebates to its tenants who were forced to shut during the MCO period, thus missing out on the turnover rent from the seasonally stronger period and income from temporary rental due to the lack of events and exhibitions.
AEON posted a net profit of RM41.4 million for FY20 as its revenue fell 10.7% YoY to RM4.05 billion attributed to weaker consumer sentiment in uncertain times.
The closure of the department store for nearly two months had hit its retailing segment and non-essential goods and services tenants. This resulted in retail profit decreasing by 32% to RM77.9 million and property management services profit down 14.6% to RM229.6 million.
MIDF, however, noted that AEON’s full-year earnings for 2020 exceeded its expectations, whereby its profit was above the research house estimate.
AEON recorded a net profit of RM41.4 million which was above MIDF’s estimate of RM34.2 million but below consensus’ estimates at 76.3%.
MIDF added that AEON managed to improve its operating margin for the property management segment.
“We believe the cost optimisation structure is likely to further benefit the company when the retail industry turns around. On top of the val- ue-added services such as ‘Click and collect’, drive-through, personal shopper and delivery, it will feature more merchandise of its tenants.”
“In line with that, we have downgraded AEON to ‘Neutral’, with an unchanged target price (TP) of RM1.18. We continue to like AEON for its ability to remain agile and lean under a tough operating environment. That said, the run-up in its share price leaves limited upside,” MIDF stated in a recent report.
Hong Leong Investment Bank Bhd (HLIB) maintained its ‘Buy’ call on AEON on expectations of a recovery in retail activity due to the Covid-19 vaccines rollout in the country.
HLIB said despite AEON’s shortfall in results, its forecast remains unchanged as the MCO is relaxed, fall in infections and vaccine rollout will keep retail recovery intact.
It noted that AEON’s 4Q profit was below expectations while its revenue also declined.
“For FY20, despite the lower top line, its core profit surged to RM27.2 million predominantly on the back of improvement in merchandise gross margin, changes in marketing mechanics and stringent cost control measures that helped boost its Ebitda margin by +2.5 percentage points,” it said.
HLIB increased its TP on AEON from RM1.17 to RM1.32.


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HappyHour.io, the new seed and early-stage accelerator for iGaming industry start-ups, has hired LeoVegas commercial strategy director Lauren Farrell as chief marketing officer.
Farrell took over the CMO role on 1 February 2022 and will be specifically focused on Xtended Gaming (XG), a new crypto and Web3 project that HappyHour.io has chosen to invest in.
She will be responsible for planning and executing the marketing strategy for Xtended Gaming brand partners and has also been tasked with assembling a team of acquisition, retention and brand marketeers at the firm.
Farrell will work from home and report into Xtended Gaming CEO Giuseppe Bellomo, who is also CCO at HappyHour.io.
“I am very pleased that Lauren has decided to join XG and I look forward to welcoming her as a member of the management team,” said Bellomo.
“She has vast experience in digital marketing and is a well-known figure in the industry. We are a new venture with very big ambitions and many ideas and Lauren is a perfect fit.”
Farrell spent nearly three years at LeoVegas and has also worked in marketing roles for bet365, Mr Green and Malta-based OGaming.
“Happyhour.io has successfully launched and invested into several exciting portfolio companies, always with a focus on innovation and customer experience at heart,” she said.
“It’s really exciting to be working on such a game changing concept in the industry.”
HappyHour.io was founded in 2021 and is led by former GiG CEO Robin Reed. The company unveiled its LiveSpins project at iGaming NEXT: Valletta ’21 in October.
“People and companies all over the world are venturing into Web3 and gaming is following suit,” said Reed.
“XG is a company working at the frontier of this movement with a number of innovative solutions.
“Lauren has a strong commercial record and we are super excited to see her taking this to the iGaming market in 2022,” he added.
HappyHour.io provides financial backing and support to portfolio companies including third-party aggregation platform Flows and PayNPlay brand Kanuuna.


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Days Inns emerge from Chapter 11
ATLANTA - Days Inns of America Inc. said Friday the sale of its franchise business was complete, allowing the mid-priced hotel chain to emerge from Chapter 11 bankruptcy protection.
The $259 million sale to Hospitality Franchise System Inc. includes 1, 500 hotel franchise agreements, the Days Inns name and support services. The deal gives Hospitality a total of 2,300 Days Inns, Ramada Inns and Howard Johnson motels, making it the world's biggest hotel franchisor. "The Days Inns name is one of the most recognizable and desirable in the lodging industry," said Hospitality Chairman Henry Silverman. The chain announced earlier this month that it was moving most of its operations from Atlanta to Parsippany, N.J., where Hospitality is based. What's left of Days Inns, which includes proceeds from the sale and non-franchise assets, will be reorganized under a new name, Buckhead America Corp. The sale, announced last September, cleared its final hurdle in December when a federal bankruptcy court judge approved the deal. Saddled with $400 million in debt, Days filed for Chapter 11 reorganization last year and arranged for the sale to its rivals' parent firm. The sale is the third for the chain since 1984. Days Inns was founded as a family-owned, no-frills hotel in Savannah, Ga., in 1970. Silverman ran Days Inns for a few years in the mid-1980s when the chain was owned by Reliance Capital Corp. DAYS


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South Carolinians planning to shop on Black Friday may as well prioritize where they can stretch their dollar the most.
The annual kickoff to the holiday shopping season known as Black Friday is this week. However, though Black Friday is traditionally held the day after Thanksgiving, some stores have already begun offering deals, while others plan to soon expand their discounts over multiple days.
Black Friday sales have changed in recent years as online shopping has expanded. What once required shoppers to get up early and stand in long lines can now be done at home with the click of a button.
According to the National Retail Federation, a record 196.7 million Americans shopped in stores and online during the five-day holiday period from Thanksgiving through Monday in 2022. The total number of shoppers grew by nearly 17 million, year-over-year. More than 122.7 million people visited brick-and-mortar stores and 130.2 million did online shopping during last Black Friday weekend.
Black Friday shopping could be down in 2023, however, mainly because of high inflation most of this year. A survey from Wallethub, a major personal finance website, shows that more than one in three Americans plan to forgo gifts this year because of inflation.
Black Friday Deals
From our Partners
To help consumers maximize their shopping in the face of higher prices, WalletHub recently surveyed about 3,500 deals from 13 of the biggest U.S. retailers’ 2023 Black Friday ad scans. The WalletHub report ranks retailers by highest overall discount rate. It also ranks stores with the largest advertised discounts in certain product categories, including apparel and accessories, computers and phones, electronics, packaged goods, toys, appliances, furniture and jewelry.
To top things off, Wallethub also released its report on the best gift cards of 2023. Wallethub compared the 50 most popular options across five major categories — how popular the cards are, how much of a discount you can buy for them, how much you can sell them for, how much people like the retailer and shipping fees.
Below are lists of the 10 retailers with the highest the percentage of discounts, the five stores with the biggest discounts by product category, and the 10 best gift cards. Note that some stores are listed in the product category sections even though they did not make it into the top 10 overall ranking.
Retailers with most discounts
Best Buy: 29.8%
Biggest discounts by category
Apparel and accessories
Computers and phones
Best Buy: 29.43%
Best Buy: 33.44%
The Home Depot: 26.59%
Best gift cards
Avg. buyer discount
Avg. resale value


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Chemistry students at Lorain County Community College, outside Cleveland, are getting the chance to apply their analysis skills to high-tech whiskey making. The students and their adviser, chemistry professor Regan Silvestri, use gas chromatography-mass spectrometry to help Tom Lix, founder of Cleveland Whiskey, perfect his distilling technique.
Lix has broken out of the traditional whiskey-making mold by aging the spirit in stainless steel tanks rather than oak barrels. The potent potable’s classic smoky flavor comes from charred wood placed in pressurized tanks, which forces the alcohol into the wood. The advantage of the new process is speed. Making whiskey Lix’s way can take just days or weeks, rather than five to 10 years.
Before he met Silvestri, Lix paid a professional lab to analyze his whiskey as he was first developing his unique aging process. But there weren’t any conversations about what the results meant or what he might learn from different tests. The collaboration with the chemists has been incredibly useful, Lix tells Newscripts.
Those chemical conversations are especially important now that Lix is carrying his experiment even further. He’s using different smoked woods besides the traditional oak to flavor his whiskey, such as cherry, apple, hickory, maple, and honey locust.
For example, Silvestri and his students can tell Lix that cherrywood imparts more ethyl octanoate, which is known to give off a sweet, fruity flavor. Or that it has less phenethyl alcohol, which provides a floral and bready flavor.
“The students were so excited. We have these whiskey samples in our lab that you can’t even buy in the store,” Silvestri says. The project “has big buzz on campus now.”
Cleveland Whiskey has put several nontraditional offerings on the market, and they are winning awards, Lix says. He’s looking forward to seeing what Silvestri’s group learns about mesquite, pistachio, and other more exotic wood types as he continues to turn his whiskey over to these young scientists. “Our success can, in some part, be attributed to what Regan and his students have done.”
PancakeBot: Breakfast hot off the printer.
Breakfast cooks who are tired of disappointing small children with flapjacks that look more like lagoon monsters than Mickey Mouse can now produce picture-perfect pancakes, thanks to the PancakeBot.
The makers of PancakeBot claim it is the world’s first pancake printer. It uses mapping technology to distribute pancake batter onto a griddle. Downloadable designs from the PancakeBot website feature an astronaut and the Eiffel Tower, among others. And chefs with a creative bent can design their own.
Fear of disappointing his own daughter prompted inventor Miguel Valenzuela to create the PancakeBot. Valenzuela took his creation to Kickstarter, where it attracted 2,074 investors, including electrical engineer Tad Truex.
Truex likes to support creative Kickstarter ideas, and he never knows what will come of his support. So he was pleasantly surprised when the printer arrived at his door. “The finished product is actually pretty well manufactured,” he says. “I expected more of a basement-shop operation.”
Slim Geransar of Storebound, which has licensed the technology from Valenzuela, says the company originally expected the market to be mostly caterers and other food professionals. But instead they’ve found more interest from families and tinkerers.
Truex tells Newscripts the PancakeBot is fairly easy to use, though there are a few “quirks.” The batter has to be just right—thinner than normal batter and not too lumpy. And the air pump that controls batter distribution sometimes mucks up the machinery.
But overall, “it’s entertaining,” he says. His family hasn’t designed its own pancakes, but he has downloaded Darth Vader and other creations.
Because each printed pancake takes about 10 minutes to cook, the printer is usually a supplement to the standard pancakes on the griddle, Truex says. “The throughput isn’t enough to feed two teenagers.”


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The next issue that may arise is whether or not bitcoin exchanges will move.
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Bitcoin News, Price Charts, Guides & Technical AnalysisGet real-time updates and eyewitness reports on Bitcoin from Breaking News, the fastest source of trusted news on the web.Watch videos, top stories and articles on Bitcoin at moneycontrol.com.
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Find the latest Nigeria and world news and analysis, headlines, blogs, pictures and videos about Bitcoin from TODAY.NG.But at the same time that the news about Mt. week are only the latest in a long line of. the Bitcoin World.


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“A Green Kind of Clean” by Danielle Nelson
“It appears antibacterial products aren’t as beneficial as advertised.
The U.S. Food and Drug Administration recently started prohibiting manufacturers from marketing over-the-counter consumer antiseptic wash products with one or more of 19 ingredients.
The ban, which took effect in September, includes two of the most common ingredients, triclosan and triclocarban, which are found in antibacterial hand soap and body wash.
‘Consumers may think antibacterial washes are more effective at preventing the spread of germs, but we have no scientific evidence that they are any better than plain soap and water,’ said Janet Woodcock, M.D., director of the FDA’s Center for Drug Evaluation and Research (CDER). ‘In fact, some data suggest that antibacterial ingredients may do more harm than good over the long term.’
The ban comes after antibacterial hand and body wash manufacturers failed to provide sufficient evidence that proves the health benefits of the ingredients, according to the FDA. The administration recommends using soap and water.
Reverting to traditional methods has spread across the industry, including cleaning companies. Although there are no specific state and national regulations that dictate the type of cleaning products companies must use, many cleaning companies have become environmentally friendly but also have become more aware of the health safety.
Renae Hesselink, vice president of sustainability at Nichols in Norton Shores, said some hazardous cleaning products include bleach, glass cleaners that have ammonia, and toilet bowl cleaners that contain chlorine.
‘If you are using harsh chemicals and you are dumping them down the drain, no doubt some of that gets into the water supply,’ Hesselink said. ‘If you are in a municipality, an urban area, it goes through a wastewater treatment cycle, but still, that takes energy to clean that water. So, anything you are dumping down the drain is not good.’
Eric Mosley, owner of Grand Rapids-based Furst Cleaning Services, said over time, cleaning companies have become aware of the harmful effect of cleaning products since he opened his business in 2000.
Mosley said he didn’t change the type of cleaning products he was using until around 2008 when he was bidding on contracts for office buildings.
‘Some guy was there boasting, ‘Yeah, all my products are green,’ and I am like, ‘What is he talking about, what’s green?’’ Mosley said.
After doing some research, Mosley said he realized he needed to switch his products and use the products that aren’t harsh on the environment. He also works with chemical waste-collecting companies, such as Plummer’s Waste Group.
‘I think green cleaning and eco-cleaning, and not leaving your carbon footprint on the Earth really changed a lot of chemicals,’ Mosley said.
Matt Koster of Enviro-Clean Services, a commercial cleaning company, said the majority of the chemicals the business uses are green certified, including glass cleaners and floor cleaners.
Hesselink, who also is a founding member of the U.S. Green Building Council West Michigan chapter, said with more awareness, more illness can be prevented.
‘We all probably know someone who has asthma or some kind of breathing problem and using green products is safer for someone who has an illness like that,’ she said. ‘It is not going to cure someone who has asthma, but it can help to prevent an attack from a green chemical versus a nongreen chemical.’
Being exposed to certain chemicals can pose a health risk and become an environmental hazard. That is why Mosley said he promotes a cleaner environment with the type of products his company uses. The FDA said it is continuing to take aggressive actions in reviewing all the active ingredients in ‘over-the-counter antiseptic rubs and wash products.'”
Retrieved from: http://www.grbj.com/articles/89985-a-green-kind-of-clean


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Last updated March 21, 2018, 2 p.m. ET
USPS Service Alerts provide information to consumers, small businesses and business mailers about postal facility service disruptions due to weather-related and other natural disasters or events.
Residential customers and small businesses can use this website to learn if mail is being delivered, or if their Post Offices are open. Business mailers get more detailed information about USPS mail processing facilities, and the operating status of delivery units.
- Service disruption alerts
- Delivery units not accepting drop shipments
- Mail Service Disruption Report
- USPS facilities status
- Mailer information
- Contact us
The Australia Post reports that severe weather in parts of Queensland Australia is impacting the collection and delivery of all mail products for postcodes 4737-4895. (posted 3/8/18)
Most mail service to Bolivia has been temporarily stopped by the Bolivian government. Only Global Express Guaranteed service is still available. This affects Priority Mail Express International, Priority Mail International (already unavailable to Bolivia), First-Class Mail International, First-Class Package International Service, International Priority Airmail, International Surface Air Lift and M-Bag items. (posted 3/7/18)
Cyprus Post advises an upgrade of its IT infrastructure will impact operations Feb. 9-11, including inbound and outbound mail and electronic data interchange. (posted 2/9/18)
Denmark’s post advises that due to bad weather, the southern part of the country will have delays in delivery and collection of mail this week. This affects postal codes 3700-3799 and 4600-4899. (posted 3/1/18)
Dominica’s post advises service has resumed following disruptions caused by hurricane damage. Mail can once again be forwarded to Dominica. (posted 10/30/17)
- El Salvador
The El Salvador post, Correos de El Salvador, reports the strike is now over and all postal services have returned to normal. (posted 2/26/18)
France’s post advises mail operations — including transportation, collection and delivery — are disrupted because of bad weather including heavy snow. Domestic flights have been canceled or diverted from/to Marseille, Nice, Montpellier, Lyon and Corsica. Expect delays in the movement of mail and packages. (posted 3/1/18)
- Great Britain
Royal Mail advises transportation disruptions due to heavy snowfall have ended and all postal services resumed on March 8. (posted 3/14/18)
Greece’s post advises processing of express mail and packages has returned to normal following implementation of new customs procedures. There also are improvements in handling of letter post, with a one-week backlog for inbound mail from non-European Union countries subject to customs control. (posted 1/29/18)
Most mail services to Guatemala have been temporarily suspended. Until further notice, only Global Express Guaranteed (GXG) service will still be available. The suspension affects Priority Mail Express International, Priority Mail International, First-Class Mail International, First-Class Package International Service, International Priority Airmail, International Surface Air Lift and M-Bag items.
The Postal Service will return to sender already deposited items other than GXG addressed to Guatemala. For any returned item bearing a customs form, as well as any item shipped with Priority Mail Express International service, the Postal Service will, upon request, refund postage and fees on mail returned due to the suspension of service.
For all other returned items not bearing a customs declarations form, the Postal Service will, upon request, refund postage and fees on mail returned due to the suspension of service, or the sender may remail them with the existing postage once service to Guatemala has been restored. When remailing under this option, customers must cross out the markings “Mail Service Suspended — Return to Sender.”
(Originally posted 4/11/17. This service suspension currently remains in effect.)
Ireland is experiencing a severe weather event, with snow storms causing major disruptions. An Post reports the Irish Meteorological Service has issued a National Red Alert Warning for most of the country, the result of the worst weather in Ireland since 1982. An Post says there are significant delays in processing and delivery of both inbound and outbound mail. The weather situation is expected to get worse over the next 2-4 days. An Post says it will be doing everything possible to limit the disruption of service. (posted 3/2/18)
Italy’s post advises operations are back to normal following severe winter weather that had affected transportation, processing and delivery of mail since Feb. 26. (posted 3/6/18)
Mexico’s post advises it will begin a data center migration on Feb. 16 at 7 p.m. local time. This will affect dispatches of inbound and outbound mail. In addition, electronic data interchange transmissions will be interrupted from that time until Feb. 19 at 8 a.m. (posted 2/15/18)
- New Zealand
New Zealand Post reports that mail service on the lower North Island and upper South Island has resumed in the aftermath of Cyclone Gita. In the Tasman District of the South Island, damage to roads and structures has caused some mail delays. (posted 2/26/18)
- Saint Maarten
Hurricane Irma has severely impacted operations at Saint Maarten since Wednesday, Sept.6, 2017.The hurricane has resulted in many flight cancellations, delays and road closures, and is leading to problems with mail transportation and inbound and outbound processing operations at Princess Juliana International Airport. (posted 9/18/17)
Spain’s post advises that due to bad weather and snowstorms, the northern part of Spain is facing transportation problems and outbound mail is severely affected. (posted 3/1/18)
PostNord Sweden reports bad weather conditions have affected on-time delivery of the mail. Snow and heavy winds off the east coast have delayed distribution of letters and parcels in these Zip Code areas: 20-24, 26, 28-29 and 36-39. (posted 3/5/18)
The Postal Service has suspended mail service to Syria due to transportation issues.
The suspension affects Express Mail International, Priority Mail International, First-Class Mail International, First-Class Package International Service, International Priority Airmail, International Surface Air Lift and M-Bag shipments.Mail addressed to Syria will be returned to sender. The Postal Service appreciates regrets any inconvenience due to this temporary service suspension. (posted 3/13/13)
Tonga Post advises damage to postal facilities caused by Cyclone Gita has affected operations. Expect delays in processing and delivery of mail. (posted 2/16/18)
Mail service for international mail addressed to some localities in the Donetsk and Luhansk regions of Ukraine have been suspended. The specific localities and postal codes where service is suspended are listed on Ukranian postal operator Ukrposhta’s website at:
That website notes that international postal items to the listed localities may be sent as Poste Restante (General Delivery) to post offices in localities that are controlled by the Ukrainian government, and provides instructions for addressing the items.
Delivery services for international mail addressed to Crimea (postal codes in the range 95000–99999) are still suspended.
The temporary suspension affects Priority Mail Express International, Priority Mail International, First-Class Mail International, First-Class Package International Service, International Priority Airmail, International Surface Air Lift and M-Bag items.
USPS also can no longer accept Global Express Guaranteed shipments to certain cities in the Crimea, Donetsk and Luhansk regions in Ukraine. (posted 2/11/15)
- United States
The U.S. Postal Service advises a major snowstorm is severely affecting the Mid-Atlantic and Northeast regions of the United States. Thousands of flight cancellations and delays, road closures and severe weather are impacting transportation, processing and delivery of mail and inbound and outbound operations at the JFK International Service Center and surrounding areas. The New York, Boston and Washington, DC, delivery areas are affected. (posted 3/21/18)
- Shipping lithium batteries
U.S. Postal Service acceptance of international lithium battery shipments
The Postal Service is now allowing specific quantities of lithium batteries — when installed in the equipment they are intended to operate — to be sent to many international destinations, including Army Post Office (APO), Fleet Post Office (FPO) and Diplomatic Post Office (DPO) locations when permitted by the destination or host country.
The postal operators of Germany and Italy are not accepting packages containing lithium metal or lithium-ion batteries to German or Italian addresses. Postal employees will decline electronic items containing lithium batteries to addresses in those two countries. This does not apply to shipments to and from German or Italian APO, FPO or DPO locations.
Items that can be shipped include: cameras, video cameras, mobile/smart phones, Bluetooth headsets, laptop computers, shavers, portable DVD players, tablets, two-way radios, GPS devices and most other small electronic devices requiring lithium batteries. Items that can’t be shipped include lithium batteries not installed in the equipment they are intended to operate. In addition, when installed, they may noat exceed the quantity or limits defined in the IMM or DMM.
Domestic shipments of packages containing lithium batteries, and electronic devices containing lithium batteries aren’t affected.
Currently, U.S. customers aren’t permitted to take international and APO, FPO, DPO mail containing lithium batteries to Village Post Offices, contract postal units, commercial mail receiving agents or approved USPS shippers. For more information, click pe.usps.com.


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German HVAC manufacturer Vaillant has announced a five-year partnership agreement with ALDI UK to install its air-to-water aroTHERM plus propane (R290) heat pumps in all new UK locations and provide the commission and servicing of the units for ten years.
Between two and five of the 12kW (3.4TR)-capacity units will be installed per location depending on store size, says Vaillant in a statement. “[The units] can achieve hot water flow temperatures of up to 75°C [167°F], meaning the water is stored in the cylinder at a usable temperature without the need for a backup heater.”
“Suitable for all applications, this heat pump operates down to -25°C [-13°F],” Vaillant says on the unit’s product webpage.
“We have been working alongside ALDI since 2016 when our aroTHERM heat pump was installed at its [England] headquarters in Warwickshire,” said Steve Cipriano, Commercial Director for Vaillant. Since that time, the HVAC company has provided “low carbon heating solutions” for seven of the grocery chain’s regional distribution centers, said Vaillant.
As part of this new contract, Vaillant installed its aroTHERM plus heat pump – providing heating and cooling – in ALDI UK’s “eco-concept” store in Leamington Spa, which opened in September 2022. The company estimates a two-thirds reduction in the store’s life-cycle emissions between the design and the use of sustainable building materials, Vaillant said.
By transitioning to natural refrigerants, ALDI UK has been carbon neutral since 2019, said George Brown, National Property Director for ALDI UK. The chain recently added chiller doors to its new and refurbished stores, reducing each store’s energy consumption by roughly 20%, he noted.
“However, this meant we needed a sustainable heat source in our new sites to replace the existing heat-generating fridge packs,” said Brown. The natural refrigerant in the aroTHERM plus, “as a sustainable low-carbon option,” led to the decision to go with Vaillant’s unit, he added.
Launched in 2020, the aroTHERM plus uses R290 refrigerant to “achieve a 60% reduction in refrigerant charge” over HFC, said Vaillant, resulting in a 0.83kg (1.83lbs) carbon footprint per unit.
“Suitable for all applications, this heat pump operates down to -25°C [-13°F].”Vaillant
U.K. Production line
In 2022, Vaillant announced its new heat pump production line at its England headquarters in Belper, Derbyshire, dedicated to producing the company’s aroTHERM plus units. “This £4 million [US$5 million] investment reinforces the company’s commitment to ensuring that all U.K. homes can be heated via the most effective technology,” said Vaillant in a statement.
The new manufacturing capabilities provide the means to meet the government’s target to install 600,000 heat pumps per year by 2028, said Vaillant. The aroTHERM plus comes in 3.5, 5, 7 and 12kW (1, 1.4, 2 and 3.4TR) capacities and are suitable for use with underfloor heating, fan coils and radiators.
“This important move means we can help increase the availability of U.K.-made heat pumps and further our support for installers via supply, training and installation guidance as they shift to new heating technologies,” said Henrik Hansen, Managing Director of Vaillant Group UK & Ireland.
Founded in 1874 by Johann Vaillant, the international company provides heating, ventilation and hot water solutions.


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Tel Aviv – startup hotspot
ICQ, Face.com, Mobli, Wisestamp, Boxee, Waze – all stellar startups that began their lives in Israel. Tel Aviv has become one of the hottest startup hubs in the world – there are more startups established annually in Israel than in any European country, and it has the highest amount of VC investment per capita. Israel reinvests around 4.5 per cent of its output into research, making it number one in the world for R&D as a percentage of GDP, and second only to the US for NASDAQ-recognised businesses.
Israel’s tech exports reached $28.5 billion in 2010, with 391 Israeli tech companies raising $1.26 billion in the same year. Not bad for a country with a population of only 7.5 million.
It’s not just startups – high-tech giants including Google, Microsoft, Oracle and Intel have also set up R&D bases in Israel. The focal point of Tel Aviv’s web and new media scene is Rothschild Boulevard. Just minutes from the beach, the boulevard and surrounding area boast a range of startup incubators, accelerators and co-working spaces, and hundreds of startups specializing in e-security, e-social and e-commerce.
Sun, sea and nightlife – capturing the creative spirit
Like Berlin, Tel Aviv claims a vibrant cultural scene as well as startup scene – work hard, play hard. It’s a perfect town to celebrate closing a deal, launching an app or just because it’s Friday, from hip rooftop parties to beaches, festivals, nightclubs, cafés and bars.
Tel Aviv Global City Startup Bootcamp – the lowdown
One startup from each of nine European countries (Denmark, France, Germany, Holland, Italy, Norway, UK, Spain and Sweden) will win a place in Tel Aviv Startup Bootcamp (14 – 24 October 2012).
During the ten day bootcamp, Tel Aviv Booters will have meetings with top mentors, visit leading companies and multinationals, participate in workshops, and meet and greet with the local tech community at a special Bootcamp Meetup. The last three days of the bootcamp will allow access to the exclusive DLD conference (21st – 24th October), hosting hundreds of creative international leaders, disruptors and thinkers.
Gründerszene and VentureVillage are among the judges for the German applicants.
How to apply
You can apply via a one-page informal letter of application or a link to a two-minute application video, sent to: firstname.lastname@example.org
The deadline for applications is midnight 27 August 2012. Please see below for the full criteria and prize details – and good luck!
- Startups from ICT sector only
- Germany-based startups only
- Startup must be at early seed stage, meaning its already been successful in raising the first investment and is already more than just an idea.
- Age of participants between 23 and 35 years
- No limitation for size of the company
- Closing date is midnight 27 August 2012
Participation in a ten day Startup Bootcamp in Tel Aviv from 14 to 24 October, 2012, organised by the branding initiative Tel Aviv Global City. The prize includes all expenses for flights, accommodation, catering, programme-related transportation (not all extra activities are covered). Two people from one German startup can take part.
- Meetings with top Tel Aviv entrepreneurs and mentors
- Visits to multinationals including: Google incubator, eBay Social Center, EMC innovation center and Microsoft Accelerator
- Lectures and workshops with leading Israeli entrepreneurs on subjects including startup strategy formation, innovative financing models, business model design, intellectual property, pitching and presentation
- Participation at the “DLD – Digital Life Design Tel Aviv Festival” (October 21 to 24, 2012: A global conference on innovation, digital media, science and culture which connects business, creative and social leaders, opinion-formers as well as investors for crossover conversations and inspiration, chaired by the German publisher Hubert Burda and Israeli digital investor Yossi Vardi.)
- Venue for the Startup Bootcamp: the Academic College of Tel Aviv-Yafo
Your startup deserves this trip to Tel Aviv? Tell us why and apply until 27th of August 2012 via email@example.com
FOR RELATED READING CHECK OUT
“One third of our Facebook fans are Arab” – NoCamels in Tel Aviv
Launch first, think later – Face.com CEO Gil Hirsch speaks on Facebook, founding and business bravery
Ran Yaniv Hartstein


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The Boston Business Journal announced today the winners of its first-ever Chief Marketing Officer of the Year awards, a program designed to highlight the best in local marketing efforts.
Judges weighed entries in four categories: hospitality/entertainment; real estate construction; health care/life sciences; and consumer brands.
"The Boston market has exceptional marketing talent," said Chris McIntosh, publisher of the BBJ. "These awards are our first step in bringing to our readers the best practices in marketing."
The winners are:
• John Chandler, Senior Vice President and Chief Marketing Officer, MassMutual Financial Group;
• Martha Waldron, Chief Market Officer, Girls Scouts of Eastern Massachusetts;
• Lisa Unsworth, Chief Marketing Officer, Managing Partner, Arnold Worldwide;
• Ed Dann, Chief Marketing Officer, Dellbrook Construction;
• Lauren Palumbo, Director of Marketing, New France Group;
• Hope Margala Klein, Senior Vice President of Brand, Marketing and Innovation, The Yankee Candle Company Inc.
• Sarah MacDonald, Vice President, Development & Communications, MassBio.
The winners will be recognized in a special CMO editorial section in the Sept. 16 Boston Business Journal.


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Juxtapoz // Monday, June 01, 2015
We think every issue we do at Juxtapoz is a special one, but the July 2015 has an extra bit of excitement behind it. We are proud to announce world-renowned fine artist and icon, Takashi Murakami, is the cover artist this month, with a special interview conducted with Murakami at this studios outside of Tokyo. We discuss his last show at Gagosian, his relationship with contemporary Japanese culture, and the era he has help change as a multi-dimensional artist.
Design // Tuesday, March 17, 2015
Swiss-based publishing company Nieves curates some of the best printed material around, and they just released a new book/zine for California-based Geoff McFetridge entitled "Studies." The art in the book is based around Geoff's standout exhibition at V1 Gallery in Copenhagen last year, and showcases his now iconic, minimalist style.
Juxtapoz // Tuesday, March 22, 2011
Rizzoli and the Swiss publisher Nieves are set to release Ari Marcopoulos: Directory, a monumental limited edition phone-book-sized volume of photographs featuring 1200 of Marcopoulos’ most recent images. Each copy includes a print signed by Ari Marcopoulos. See how big this book is after the jump . . .
Illustration // Wednesday, March 09, 2011
This time last year, James Jarvis was on the cover of Juxtapoz. Today, we learned that the UK-based illustrator, graphic artist, and toy designer has his own character-based coloring book available in limited quantities through Nieves. More details after the jump . . .


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July 2020 was a flurry of activities in the smartphone space and it looks like the excitement isn’t abating yet. Here is a list of smartphones expected to launch in August 2020.
Search Results for: vivo
Vivo sub-brand iQOO launched the iQOO Z1x smartphone last week, with the device bringing a 120Hz display and having the Snapdragon 765G SoC under the… Read More »iQOO U1 Launched With Triple Rear Cameras, 4,500mAh Battery
The 6th generation of Corning’s protective glass for smartphones is designed to be thin, light, and damage resistant. Here are the best Gorilla Glass 6 phones.
Which smartphone brands operate on the continent and which are the top smartphone brands in Africa in 2020? We have the list right here.
Periscope camera phones have become hot cake in 2020. Huawei, Samsung, and OPPO, among others, are making them. Hoiw do they work and why should you get one?
Despite US government sanctions, Huawei captured the largest chunk of Global 5G Smartphone Shipments In 2019, but the Chinese company had Samsung close on its tail.
You do not really have to buy an expensive premium phone to get good performance any more. Buying one of the best budget smartphones of 2019 will save you money you can invest and grow wealth with. These top budget Android phones are superb value for money.


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Apple fans get ready...the next version of the iPhone will reportedly have a bigger screen.
The Wall Street Journal, citing inside sources, says the company has ordered four inch screens from Asian suppliers.
Until now, Apple has never changed the size of the iPhone's screen.
It's always been 3-point-5 inches since the first model debuted in 2007.
Production on the new version is set to begin next month.
Apple is expected to debut the new iPhone later this year.
Dry and cool for a few days then turning much warmer by the end of the week. A rather dry pattern as well.
1908 Grand Avenue, Wausau, WI 54403
News Tips: firstname.lastname@example.org or 715-842-9293


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Competition is heating up as the looming releases of top media conglomerates’ new streaming services converge. Disney executives have reportedly decided to ban serving advertisements from Netflix on any of its TV networks, as reported by The Wall Street Journal.
According to sources close to the decision, Disney failed to identify a mutual benefit from serving advertisements for Netflix productions. Netflix does not serve ads on its platform, leaving no opportunity for cross-promotion between the media giants.
Of course, much of the decision is informed by the upcoming release of Disney’s own streaming platform, Disney+, which becomes available next month on Nov. 12th. Competition in the entertainment streaming space is heating up, with Apple, NBCUniversal, and WarnerMedia also set to release their own streaming services.
Disney was initially considering a blanket ban on serving ads of any Disney+ competitors on any of its platforms. If they had moved ahead with that broad policy, Amazon Prime Video would have been negatively affected as well.
Disney and Amazon are currently undergoing tense negotiations surrounding a purchase agreement for Amazon to secure significant ad space across Disney-owned apps. In addition to Disney’s discomfort with supporting a competitive streaming platform, the company is also displeased with Amazon’s recent announcement that it is not currently planning to offer streaming support for Disney+ on its Amazon Fire TV platform.
For years Amazon had its own back-and-forth with Google over the Google Chromecast’s lack of support for casting Prime Video. Support for casting was removed for years before eventually being restored over the summer this year.
All of this speaks to the escalating fight for subscribers among media giants. With Netflix and Amazon Prime already established in streaming, new services like Disney+ and Apple TV+ have an uphill battle in converting subscribers to their platforms.
In spite of increasing competition, both Disney and Netflix stocks have been increasing as of late. Disney stock is enjoying the benefit of speculation around its upcoming release. Netflix stocks, on the other hand, have been under some pressure from underperformance and the looming release of Disney+, which boasts control of the world’s most valuable collection of entertainment IP. Nevertheless, its stock rose this week.
Netflix’s ban from advertising on Disney networks highlights the fact that the battle for subscribers and eyeballs begins and ends with marketing and advertising. As these new services become available, look for platforms to allot significant resources to their marketing and user acquisition initiatives for their top shows.
Check out more breaking entertainment news on Grit Daily.


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Optus appoints new head of brand and communications
- 16 September, 2015 10:19
Optus has appointed a new head of brand and communications, filling an operational marketing gap left vacant since the departure of Nathan Rosenberg to the US last October.
Corin Dimopoulos has spent the past 18 months in a variety of consulting roles, working on media, customer and digital strategy for organisations such as Fox Sports Netherlands and International, and Spark Telecom NZ.
Before that, he was the group marketing director for News Corp Australia for 18 months, and he’s also worked in marketing and cycling for Sky in the UK.
In the new role at Optus, which he took up in June, Dimopoulos reports to managing director of marketing and product, Vicki Brady, who shifted into this role in April after three years as the telco’s MD of customer. At the time, Optus said Brady’s role was part of a reshuffle of several executives aimed at driving more consistent customer experience across product lines.
In a statement to CMO, Optus said Dimopoulos will also play an important role in shaping improved customer experiences.
“Colin has extensive leadership of major brands and his experience across marketing functions will assist in our strategy to create clear differentiation around our customer experience and innovation,” a spokesperson said.
Follow CMO on Twitter: @CMOAustralia, take part in the CMO Australia conversation on LinkedIn: CMO Australia, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+: google.com/+CmoAu


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The Quartet of PTC ASIA, CeMAT ASIA, ComVac ASIA and Industrial Supply ASIA 2013 ended with major gains
- Solid growth on display areas, exhibitors and visitors to reach a new high
- Platform value enlarged through all-dimensional integration
- Products and ideas of high efficiency run through the exhibition
PTC ASIA, CeMAT ASIA, ComVac ASIA and Industrial Supply ASIA 2013, the quartet shows for fluid power transmission, intralogistics, compressed air and vacuum, industrial subcontracting and lightweight construction successfully ended on 31 October in Shanghai. The four-day events not only witnesses a growth in every way including display areas, exhibitors and visitors, but further consolidates its competitiveness in the Chinese market. More than 2,100 exhibitors presented their cutting-edge products and technology over a display area of 150,000sqm, with a solid increase in the number of trade visitors by 12.5%, reaching 77,076professionalsfrom 80 countries and regions.
“This year we launched two premiere shows of ComVac ASIA and Industrial Supply ASIA, which perfectly meet the market requirements. Focusing on efficient production, the exhibitions along with PTC ASIA, CeMAT ASIA as well as newly planned shows of Battery Shanghai, Cold Chain ASIA and LIFT SHANGHAI at a single place have provided an ideal platform to showcase integrated solutions in demand,” said Wolfgang Pech, senior vice president of Deutsche Messe AG.
After two decades of development, PTC ASIA is now Asia’s biggest and the world’s second largest exhibition of its kind in the industry. At the meantime, the advent of ComVac ASIA marks an important addition to the Deutsche Messe AG event portfolio in China, which has a strong synergy with PTC ASIA.
PTC ASIA this year occupies 96,000 sqm with 1,500 exhibiting companies, alliance with ComVac ASIA of a record 11,500sqm with 151 exhibitors. SEW, Siemens, Nord, Bosch Rexroth, SKF, CAMOZZI, Parker Hannifin and other key companies competed to launch their latest high efficiency products under one roof.
Both sectors of mechanical power transmission and fluid power transmission grew in scale with a superb lineup of exhibitors: SEW, Siemens, Nord, Lenze, Bonfiglioli, EMAG, SKF, NSK, JTEKT, Emerson, WAFIOS; Bosch Rexroth, HAWE, HYDAC, STAUFF, HANSA-FLEX, CAMOZZI, Parker Hannifin, Kawasaki, Huade, Sunbun, HIGH-TECH FLUID POWER, Liming, Yuci, Hengli, Zhongchuan and TAIFENG, to name just a few. The international engagement maintained at a high level with worldwide pavilions from Germany, Italy, UK, France, the United States, Turkey, India, Japan, South Korea and China Taiwan.
Key companies that actively participated in the first ComVac ASIA included: KAESER, Atlas Copco, Ingersoll Rand, BOGE, Fengli, BEKO, Fusheng, Kaishan, VMC, BUMATEC, TM.C.SS, Denver and Deaer.
Despite the downturn of the engineering machinery industry last year and in the first half of this year, PTC ASIA again achieved great success with the concerted efforts of both organizers and exhibitors. “Companies are increasingly aware that such a professional international exhibition is an excellent platform for them to investigate the market, learn information and conduct trade negotiations”, said HartmutRauen, managing director of the Power Transmission and Fluid Power Association at VDMA.
Crowned as key barometer of global logistics industry, CeMAT ASIA 2013 welcomed a group of global leaders in system integration, forklift truck and accessories, conveyors, electric hoist, AGV, cold chain and material lifting including Dematic, Daifuku, SSI Schaefer, CSIC, BMHRI, NTI, KENMEC, BRIAM, Muratec, Siasun; Jungheinrich, Vita-Wheel, Goodsense, BYD, Noblielift, Ruyi, Cascade, Kaup; Ho Jin, Tungray, Dingneng, etc. The total display area of the show reached 37,000sqm, with 490 exhibitors.
Technology drew great attention in this year’s CeMAT ASIA, as the smart, integrated and efficient operation has become the essence of materials handling and logistics nowadays. Exhibits featuring high technology from leading companies like Jungheinrich, Dematic, SSI SCHAEFER dazzled onsite.
“As an international professional exhibition for logistics industry, CeMAT ASIA is a good platform for a comprehensive display of our various products, and helps us to develop more business opportunities. We showed products and lots of buyers placed purchasing orders onsite,” commented Alexander Oezbahadir, Manager Director of Jungheinrich.
Yunfu Chen, Vice Chairman of ZHEJIANG GOODSENSE FORKLIFT CO.,LTDis already anticipating the next CeMAT ASIA,” CeMAT ASIA receives warmly welcome and praise from GOODSENSE FORKLIFT and more professional visitors this year. We will definitely participate in CeMAT ASIA 2014 with bigger show area and new products.”
The premiere of an innovation-centered CeMAT ASIA salon also offered a neutral, open and free exchange platform for business, industrial associations and media under the theme of forklift and system integration. Industrial elites gathered to explore the future trend.
Concurrent with the exhibition, interactive activities such as group visit, technical forums, purchase negotiation and buyers matchmaking were undertaken. And all information concerning the shows was sent to users via new media platforms like APP, Wechat and Weibo this year.
According to Wolfgang Pech, “We are not just trading fairs or selling booths. The core task for us is getting to know the market demand, so as to build up a grand-industrial platform for showcasing clients’ latest technology, products and services. This indicates that we meet the requirements of all visitor target groups, yet to attract more elites and market leaders to invest through our trade fairs.”“China is a huge market. We are concentrated in cooperating with our partners to nourish these shows.”he added.
Organized by Deutsche Messe AG and Hannover Milano Fairs Shanghai Ltd, PTC ASIA, CeMAT ASIA, ComVac ASIA and Industrial Supply ASIA 2013 are also cooperated with Chinese partners of China Hydraulics Pneumatics & Seals Association, China General Machine Components Industry Association, Federation of Logistics & Purchasing, Chinese Mechanical Engineering Society and Compressor.cn. The next edition will be on 27-30 October, 2014 in Shanghai.


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A financial services industry official went to Congress earlier this week to attack a recent federal court ruling that upheld California’s strict privacy laws.[@@]
If the ruling is sustained, it will give states the authority to establish patchwork financial standards “contrary to the clear intent of Congress for national, uniform standards for cross-marketing of financial products by financial services companies,” according to a written version of testimony delivered by Steve Bartlett, president of the Financial Services Roundtable, Washington.
Bartlett, whose group represents companies in all sectors of the financial services industry, spoke before the Senate Banking Committee Tuesday.
Bartlett did not give a clear statement about whether his group was asking Congress to pass a law this year specifically establishing a national, uniform privacy law. Congress thought it was doing that last year when it amended the Fair Credit Reporting Act.
Bartlett’s testimony was the first official industry reaction to a ruling from the U.S. District Court in Sacramento, Calif., that found that the Federal Fair Credit Reporting Act does not preempt California’s restrictions on financial services company affiliates’ moves to share customer data.


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Acme Fresh Market's President Jim Trout Steps Down
AKRON, OH - Acme Fresh Market is bidding adieu to its longtime President, Jim Trout. Trout’s last day will be Friday, April 26, 2019—the same day that a new leader will be named.
“I’m looking forward to pursuing other things but still staying close to the grocery business and working with Acme,” Trout, who will be taking on a part-time position with the retailer, said to news source Record-Courier. “I know that this job takes a seven-day commitment. At this point in my career, I’m ready to throttle it back a bit.”
For the last 45 years, Trout has called Acme his home. In 2014, he became the first non-Albrecht (the family behind Acme’s business) family member to become President of the 16-store chain.
“I basically learned the business from the ground up in various positions through the years,” Trout continued, divulging to the news source that he began his Acme journey as a grocery stocker on the night crew. He then spent the next 45 years working his way up through the ranks, taking on management and corporate roles.
Who will take succeed Trout as President? Will the chain return to Albrecht leaders? AndNowUKnow will continue to report on the latest retail happenings.


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N26’s intention to begin crypto and equities trading follows the fintech’s decision to cease operations in the United States.
N26, a German neobank, plans to begin trading in crypto and equities later this year. The prominent fintech, one of Europe’s largest with a valuation of more than $9 billion, has already begun a global expansion. However, the exercise resulted in a setback in the Berlin-based financial platform’s diversification offerings.
Max Tayenthal, co-founder and CEO of N26, stated that his company missed out on the crypto explosion by focusing on worldwide outreach. As a result, N26 will now closing its US operations after leaving the UK in early 2020. “Should we have established trading and crypto instead of debuting in the US?” Tayenthal asks. In retrospect, it might have been a good idea.”
Furthermore, the internet banking platform will increase its awareness in European markets. Furthermore, N26 will expand its product and service offerings to its enormous customer base. This year, the fintech intends to sow the seeds of aggressive expansion by opening a crypto trading firm and an equities brokerage. Tayenthal stated that this was critical for the firm’s justification as one of Europe’s leading fintechs. “We truly want to broaden our product world, and we have to,” he says.
According to the N26 CEO, this was far more effective than simply “placing flags in new markets.” At the present, the N2 mobile app lacks crypto capability. Furthermore, little is known about the fintech’s plans for cryptocurrency trading goods and features.
N26: An Established Financial Player Prior to the Crypto Trading Launch in 2022
N26, which was founded in 2013, was worth somewhat more than Germany’s second-largest bank, Commerzbank, in October of last year. Trading and financial services were the metrics considered in this review. Furthermore, N26 was planning to go public within the next year and make additional hires on its way to global expansion at the time.
N26’s current offerings include bank accounts and debit card capability, which may be accessed using a mobile phone application. This mobile software also eliminates the need to physically visit a bank location to complete the necessary documentation for account openings. Users receive their own bank accounts, as well as virtual cards for future money transactions, after confirming their given information. Aside from that, customers can choose to take advantage of a number of additional N26 account-related benefits.
However, as previously announced, due to N26’s exit from the United States, American users will no longer be able to use the app beginning January 11. Back in November, the bank issued a statement that reads as follows:
“US users will be able to use their accounts as usual until January 11, 2022, after which they will receive additional instructions on how to withdraw their funds to ensure a smooth transition.”
The fintech’s operational closure in the North American country comes less than two and a half years after it began there.


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Suzuki to build Nissan cars for Europe in India
TOKYO, July 4 (Reuters) Japan's Suzuki Motor Corp. will build a new compact car in India for Nissan Motor Co. to sell in Europe, Suzuki's chief executive said on Tuesday.
Last month, the two Japanese auto makers signed a broad-based pact to supply each other with vehicles and share manufacturing facilities around the world to boost efficiency.
Under the agreement, Suzuki was to develop and build a new compact car for Nissan, mostly bound for the European market, starting in 2008. The partners provided no other details at the time.
''It has been decided that we would develop a new A-category car in the smallest segment of the Indian market, and build it in India, including for export to Europe under Nissan's badge,'' Suzuki CEO Osamu Suzuki told a news conference in Tokyo.
Nissan is separately planning to consign production of a car to one of Suzuki's factories in India, it said last month, as a shortcut into the fast-growing market.
The new small car to be developed by Suzuki would be based on one of its 660cc minivehicles sold in Japan, and re-engineered to carry a 1-litre and 1.2-litre gasoline engine, a company source said. A diesel version would not be available due to size limitations, the source added.
Suzuki, which dominates the Indian market through its unit Maruti Udyog Ltd , has a 500,000 cars-a-year plant in India and is building a second one, with initial annual capacity of 100,000 cars, due to start operations by year-end.
That plant will be expanded to 250,000 units some time after March 2008, Suzuki has said.
REUTERS DKS GC1937


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Mercedes-Benz to cut production time, halve number of vehicle architecturesThu, 29 Mar 2012
Mercedes-Benz is restructuring its global production network to cut the average production time for its models to 30 hours by 2015 from 43 in 2008. "We have increased productivity by 2 percent a year over the last few years. We will be accelerating our productivity efforts," Mercedes production boss Wolfgang Bernhard said during an investor conference that was part of the automaker's plant opening in Kecskemet, Hungary, on Thursday.
Gesture-controlled Audi wins VDA Design AwardWed, 25 Sep 2013
The German Association of the Automotive Industry (VDA) has announced the winner of its 2013 Design Awards, which asked students from across the world to submit their final graduating projects completed between October 2011 and July 2013. Eric Leong from Sweden's Umeå Institute of Design, came in first place with his 'Audi Elite' project, earning himself €4,000. Leong's single-person vehicle can be controlled using the entire body through gestures and movements, and adapts to the needs of the driver, giving them more control.
Design Contest: Interior Motives Awards 2011Thu, 07 Jul 2011
Shortlisted entries have been announced for the 2011 Interior Motives Student Design Awards. After individual deliberation by our panel of renowned senior designers, students being tutored at colleges in a diverse range of countries including Israel, the Czech Republic, Australia, Taiwan, Canada and China, as well as in the established centres of Europe, the USA and Japan/Korea, have made the 68-strong shortlist of potential winners. Full details of this year's contenders can be viewed here.


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Tags venture capital
Fidelis Cybersecurity gets $25 million investment for detection and response services
Fidelis says the infusion will help boost its flagship product as well as a new managed detection and response service it announced earlier this summer.
SCYTHE raises $3 million for attack simulation platform
SCYTHE says its platform lets enterprises simulate attacks on its own system in order to assess their own readiness.
Sysdig raises $68.5 million for container security solutions
The company specializes in platforms that help developers monitor and protect their containers and microservices.
Corelight raises $25 million to grow Bro-based business
Corelight has built its products on top of the Bro network security monitor, giving government agencies and large enterprises a way to make sense of the traffic they see on a daily basis.
Very Good Security raises $8.5 million to handle companies' sensitive data
VGS says it can take on the worry of keeping customer data secure so companies can focus on the core of their business.
ICS cybersecurity company Indegy raises $18 million
Indegy's CEO says the company is capitalizing on the increasing sense of urgency over cyberthreats to industrial networks.