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The true brew
Steamboat's homebrewers revel in the fresh taste of a genuine craft
On the 'Net
Visit the AHA Web site for complete homebrewing resources, a guide for beginners and information on the National Homebrewers Conference, which returns to Denver this summer: http://www.beertown.org....
Steamboat Springs — It all started for Charlie Noble when he moved to Steamboat Springs from Boulder 13 years ago with housemate Wulf Levenshtein.
“He’s the guy who taught me how to homebrew,” Noble said. “He had the homebrew kit, and I had the keg fridge – it was the perfect marriage.”
As Noble began making batches and experimenting with different ingredients, he would pick the brains of the brewmasters from the two brewpubs in town at the time – Heavenly Daze and Steamboat Brewery and Tavern.
“I could combine their two different approaches and come up with my own,” Noble said.
The other breweries have since closed, but Noble’s passion for making beer has remained. Now Noble owns Mahogany Ridge Brewery & Grill and is Steamboat’s only active, bona fide brewmaster.
What started as a hobby has come full circle. Brewing more than fifty 300-gallon batches of beer a year, Noble’s production – dumping 242 pounds of cherries in for a summer batch of cherry ale – has grown beyond his sole control, and he has enlisted help from Levenshtein, another passionate homebrewer who’s still at it.
“Beer is good; beer is life,” Noble said. “It’s helped civilizations survive. It was a pure source of water in medieval times because of the boiled water. It is liquid bread and each style and taste has developed according to distinct regional needs.”
The Yampa Valley Yeast Ranchers club of a dozen or so local homebrewers has fizzled away, but the craft is alive and well in basements, utility rooms and garages across the county.
“Homebrew is so pure – if I’m only going to have two or three beers, I’m going to make sure it’s homebrew and not something that will mess with my system,” said Stephen Craig, an engineering professor at Colorado Mountain College who started offering a once-a-semester “beginning homebrewing” course. “I can spend $15 to make two cases of the best beer you’ve ever tasted, have three pints and never have a headache and never have a hangover.”
Craig also picked up the craft in Boulder, on the cusp of homebrew and microbrewing’s renaissance in Colorado. In 1990, he bought his first 5-gallon glass carboy vessel from Colonel John, “this salty old guy from the Navy who was selling the equipment out of his house.”
Craig’s ability to hone into the right grains for a perfect raspberry wheat or a thick coffee stout increased as the popularity of “craft brewing” took off in Colorado.
“Our membership peaked in the mid-’90s,” said Gary Glass, director of the American Homebrewers Association – which was founded in Boulder in 1978 by Charlie Papazian, the creator of the Great American Beer Festival and author of the so-called “homebrewer’s bible,” also known as “The Complete Joy of Homebrewing.”
Glass assured prospective homebrewers that despite the current market being flooded with inexpensive craft beers, the hobby continues to grow in the hotbed of Colorado.
“Our membership is up 20 percent from last year and in Colorado, relative to the population, there’s definitely a large number – more members than any other state,” Glass said. “Colorado is unique in the U.S. with its laws for brewers in that small breweries can self-distribute. There’s over 100 breweries in the state. There’s also laws against multiple retail liquor stores, so you have mom-and-pop stores instead of chain liquor stores and without someone doing the large-scale buying, you can deal with lots of small breweries.”
Glass also believes the trend to support localized production is helping, along with a shifting demographic from the “settled-down, middle-aged man” to younger adults that want more variety and can acquire the products and know-how online.
“When I really started to like beer, in college, I knew that I’d just want to sit down and enjoy one, and not 12 just to get ripped,” said Andy Stewart, a 31-year-old Steamboat resident who began homebrewing seven years ago and now orders supplies from http://www.nwbrewers.com. “I’ve never made the same batch twice. In the winter, I like a stronger, darker beer, and in the summer, I like the lagers and the blondes.”
While Stewart enjoys the inexpensive cost of brew kit grains and the simplicity of “just adding water” to basic ingredients and then sitting back and having total quality control of his taste buds, Craig is fascinated by the chemical complexities of the brew process.
“It’s just a handful of ingredients, but during the fermenting stage, when gas is being released, there’s actual energy going on and particles moving in a wild circular motion,” Craig said, stating the common thread that connects all masters of their personal beer domain: “The thrill is creating something that’s more than just a drink. It represents my sweat and my work, and I know when that glass hits my lips, it’s going to be better than anything I can buy.”
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Cat reports record sales, revenue
Caterpillar Inc. has announced record 2012 sales and revenues of $65.8 billion, an increase of 10 percent from $60.1 billion in 2011. Profit per share of $8.48 was also an all-time record.
The 2012 profit per share of $8.48 was up 15 percent from $7.40 in 2011.
Profit was $5.6 billion, an increase of 15 percent from $4.9 billion in 2011.
Fourth-quarter 2012 sales and revenues were $16.1 billion, down $1.1 billion from $17.2 billion in the fourth quarter of 2011.
Fourth-quarter 2012 profit was $697 million compared with $1.5 billion in the fourth quarter of
2011. Profit was $1.04 per share in the fourth quarter of 2012 compared with profit per share of $2.32 in the fourth quarter of 2011.
The company stated that its fourth-quarter profit was negatively impacted by a charge of $580 million, or $0.87 per share, to cover an accounting error for a Chinese firm acquired by Caterpillar last year.
Lower sales and revenues and the cost impact from sharply lower production and the $2 billion decline in Caterpillar inventory also had a negative impact on fourth-quarter profit, according to the company statement.

domain: news


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Microsoft Lumia 730 is already available in India, but it seems the Redmond-based company is planning to launch yet another handset in India tomorrow. Recently, Microsoft Lumia India posted a teaser on Twitter, hinting at a handset launch tomorrow. The image shows a Lumia device with a caption, “Get ready for the wider picture.”
The device looks quite similar to the Lumia 735, and yes, it also features a wide-angle front-facing camera for selfies as well. It’s literally identical to the Lumia 730, which is already available in the region, but with one major change: it comes with support for 4G LTE connectivity. Furthermore, the device in the image shown above comes with “Nokia” branding — the last few devices launched came with Microsoft branding, such as the Lumia 535, Lumia 532, and the Lumia 435.
It’s just a guess from our part, but if you think it could be any other Lumia device, we’d love to hear your thoughts. We’ll also update you guys tomorrow as soon as the not-so-mysterious Lumia device gets official. But before that, make sure to sit on your seats tight as Microsoft’s Next Chapter event is about to begin where we’re going to find out about what Microsoft plans to do with Windows 10. Stay tuned to WinBeta to get every bit of detail from the event.
#WideLies #ComingSoon #22Jan pic.twitter.com/rpsgzC1cGw
— Lumia India (@LumiaIndia) January 21, 2015


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Michael Geist writes in with the latest news on the Anti-Counterfeiting Trade Agreement (ACTA), the secret, closed-door copyright treaty that will bring US-style copyright rules (and worse) to the whole world. Particularly disturbing is the growing support for "three-strikes" copyright rules that would disconnect whole families from the Internet if one member of the household was accused (without proof) of copyright infringement. The other big US agenda item is cramming pro-Digital Rights Management (DRM) rules down the world's throats that go way beyond the current obligations under the UN's WIPO Copyright Treaty. In the US version, breaking DRM is always illegal, even if you're not committing any copyright violation -- so breaking the DRM on your iPad to install software you bought from someone who hasn't gone through the Apple approval process is illegal, even though the transaction involves no illicit copying.
Ironically, this DRM push comes just as the US courts and regulators have begun to erode the US's own extreme rules on the subject. Or perhaps this isn't so surprising: in the past, the US copyright lobby has torpedoed the courts and Congress by getting USA to commit to international agreements that went far beyond the rules that they could push through on their own at home.
Given the history of ACTA leaks, to no one's surprise, the latest version of the draft agreement was leaked last night on Knowledge Ecology International's website. The new version - which reflects changes made during an intense week of negotiations last month in Washington - shows a draft agreement that is much closer to becoming reality. Square brackets [ed: these indicate areas where there is still debate] have been removed from many sections, leaving the core issue of scope of the agreement [ed: that is, whether the treaty will cover things like EU-style trademark rules that would prohibit calling it "cheddar cheese" if it's not made in Cheddar, England] as the biggest issue to be resolved when the next round of negotiations begins in a few weeks in Japan.
Perhaps the most important story of the latest draft is how the countries are close to agreement on the Internet enforcement chapter. The Internet enforcement chapter has been among the most contentious since the U.S. first proposed draft language that would have globalized the DMCA and raised the prospect of three strikes and you're out. In the face of opposition, the U.S. has dropped its demands on secondary liability [ed: that is, forcing ISPs and online services to police and censor their users or face prosecution] but is still holding out hope of establishing digital lock rules that go beyond the WIPO Internet treaties and were even rejected by its own courts.
In Does The Online Card Payment Landscape Unwittingly Facilitate Fraud?, a new paper in IEEE Security & Privacy, researchers from the University of Newcastle demonstrate a technique for guessing secruity details for credit-card numbers in six seconds — attackers spread their guesses out across many websites at once, so no website gets enough bad guesses […]
Michael Geist writes, “The global music industry has spent two decades lobbying for restrictive DMCA-style restrictions on digital locks. These so-called “anti-circumvention rules” have been actively opposed by many groups, but the copyright lobby claims that they are needed to comply with the World Intellectual Property Organization’s Internet treaties. Now the head of the RIAA […]
The smirking, villainous pharma-hedge-douche-bro Martin Shkreli (previously) bought the rights to the anti-parasitic drug Daraprim — used to treat malaria, a disease that disproportionately affects the poorest people in the world — and jacked the price from $13.50/dose to $750/dose.
The Pocket Tripod PRO had massive Kickstarter success in 2013, raising almost $85,000 in a single month. But this isn’t just another case of pre-release product hype. This ingenious little device folds out from a credit-card-shaped plastic slab into a sturdy stand with a surprisingly wide range of motion. In portrait orientation, your phone slides […]
Loot Crate is a totally different kind of subscription service that mails subscribers monthly boxes filled with curated geek, pop culture, and gamer paraphernalia. Its cult following awaits a box every month filled with everything from bobble heads to T-shirts to special edition collectibles. But nothing gets Loot Crate fans as excited as the limited […]
The ARMOR-X Mini Flexible Phone Tripod is a smartphone tripod that is designed with flexible legs to rest on virtually any type of surface. Other tripods have proved useless unless I conveniently have a flat surface in front of me, which is why this particular tripod was appealing enough to try out. The ARMOR-X is compact and easy […]


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|« Back to Article|
Gift Guide: Gourmand goodies
By Greg Morago | November 30, 2012 | Updated: November 30, 2012 12:31pm
Several years ago Consumer Reports debunked myths about holiday eating and the extra poundage December brings. There is no evidence to support the widely held claim that Americans gain an average of five to 10 pounds during the holidays, the organization stated.
While you can't go hog wild every day from now until New Year's Eve, the holidays won't cause excessive harm to your waistline. Still, we plan to indulge in more than a few of these gift-able foodie treats that keep Houston tasting so good.


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Why You Need to Prepare Your Dog for the 4th of July?Many dog owners are already aware that the 4t …Read More
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Danone Nutricia have confirmed that 34 short-term positions have been lost at their Rocklands factory in Wexford town. All of the workers involved were on short term contracts, which the company says are not being renewed at the moment.
Subsequently, 34 workers will now face a frantic search for employment when their stint at the factory runs out on September 2.
A spokesperson for Danone said that while it was regrettable, they would re-evaluate the situation further down the line and hopefully be able to re-hire some of the staff.
'Unfortunately a number of short-term contracts are due to come to an end,' the spokesperson said.
'Sadly that's the nature of the beast, but it's certainly something that we will be looking at and will re-evaluate down the line.'
A manufacturer of specialised infant and toddler milks, Danone is an important employer in Wexford, providing jobs for some 200 people. The company opened a €26 million production line at Rocklands back in 2014.


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New LinkedIn Study Finds That 50 Percent of Workers Aren't Happy With Their Jobs
Author: Zoë Henry
Date: April 6, 2016
Employers may not be trying as hard to engage their workers as they think they are. Roughly half of U.S. workers would not recommend their current employer to a job-seeking peer, according to new research from LinkedIn and Mars Drinks, the beverage arm of global food company Mars Inc.
Read the full story on Inc.com.


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#bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed
#YahooFinance #investing #stockmarket #bitcoin #crypto
Get the latest up-to-the-minute continuous stock market coverage and big interviews in the world of finance every Monday–Friday from 9 am to 5pm (ET).
Stocks gained Thursday, with the S&P 500 and Dow resuming advances even after a new print on U.S. economic activity came in weaker-than-expected.
The S&P 500 advanced to close in on a fresh record high. The Dow and Nasdaq also moved higher.
Investors on Thursday have been digesting some key economic prints including the first estimate of third-quarter U.S. gross domestic product (GDP) and weekly unemployment claims. The GDP report showed the economy decelerated to expand at the slowest rate in over one year for the July through September quarter, with the Delta variant and supply-side constraints capping economic activity. GDP rose at a 2.0% annualized rate, missing estimates for the 2.6% pace consensus economists anticipated.
But even given this weakness, and some of the other tepid economic data seen as of late, equity investors have remained resilient and pushed stocks to record levels.
“The market is right to look through some of the third-quarter weakness. A lot of what we’ve seen lately in terms of softness in the data is not really a destruction or disappearance of demand, it’s simply a matter of supply chains that are forcing demand into the future,” Simona Mocuta, State Street Global Advisors chief economist, told Yahoo Finance Live. “There is still a lot of strength ahead of us. There is a lot of money waiting on the sidelines in consumer savings and checking accounts that I think bodes well for 2022.”
A major factor fueling stocks higher has been the bevy of strong corporate earnings results reported to date.
Some of the biggest equity index components and largest companies in the U.S. posted much better-than-expected sales and revenue growth compared to last year, reflecting strong demand trends across various pockets of the economy despite shortages. Shares of mega-cap technology companies Alphabet (GOOGL) and Microsoft (MSFT) each set record highs on Wednesday after these companies posted their earnings results Tuesday. Investors are set to receive more earnings reports from companies including Apple (AAPL) and Amazon (AMZN) later on Thursday.
For more on this article, please visit:


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Theater shutdowns and postponement of major releases have added to the woes of the entertainment industry brought to a halt due to the pandemic. The entertainment business has been
The pandemic has triggered many crises, especially in tourism, travel, retail and the restaurant businesses, which have all taken huge hits.
The United Kingdom retail sales have shown a rebound for the fourth month straight, but economists are a little skeptical of the momentum being sustained as Britishers will be faci
This grant is a part of its worldwide $100 million plan to help businesses tide over the Pandemic related economic difficulties.
Nissan Motor Co. is struggling with slumping new car sales amid the novel coronavirus pandemic. The Japanese automaker announced on Tuesday it expects to make an annual operating l


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Superdry Plc (SDRY.L) is a fashion retailer offering clothing, accessories, footwear and cosmetics. The company markets its products under the Superdry brand. Its products include shirts, tops, T-shirts, polo shirts, hoods and sweats, denim, joggers, dresses, jackets, knitwear, shoes, bags, and accessories. It sells its products through its retail store and online websites. It also operates Superdry branded franchise stores.
In a recent development, the co-founder of Britainâs biggest fashion retailer Mr Julian Dunkerton returns as CEO of the Superdry Plc.
The surprise victory of Dunkerton came ahead of shareholders meeting organised by Mr Julian Dunkerton and was backed by his supporters. His return on the board of the Superdry prompted the resignation of the senior management people.
After the emergency board meeting outcome announced, chairman Peter Bamford and chief executive Euan Sutherland voluntarily resigned with immediate effect. During the meeting, Julian Dunkerton said that "he is open to work with anyone, provided that they do what is good for our company."
Peter Williams, an old stager retail industry professional also elected by the board as interim Chairman of the group.
During the meeting, ex-CFO Chas Howes who is also a shareholder in the Superdry, hold responsible for the board for awful financial performance and failure to understand the brand. There was a total lack of good leadership and direction to the talented young staff at Superdry, he added.
The co-founder James Holder and Mr Dunkerton have proclaimed that the company requires to get back to its design led-roots to fix the plunge in its top-line and its bottom-line margin. But this was widely rejected by the board, and they said, the company should remain focused on the global digital brand strategy, that was opposed by the Dunkerton. The board also added that they believe the return of Mr Dunkerton as CEO is extremely damaging for the company and argued that the current poor performance of the company was partially on account of products that had overseen by Mr Dunkerton before he left.
Superdry offers its products through three channels, retail, wholesale and online. The retail channel consists of the company-owned store portfolio in the UK, mainland Europe and North America. It operates 202 owned stores, with total space of 900,000 square feet, consisting of smaller boutique stores, medium-sized stores of around 5,000 to 6,000 square feet (primarily in the UK and increasingly in mainland Europe), and larger stores, such as the company's flagship stores in Regent Street, London; and Munich, Germany. The company's wholesale channel consists of the ownership of brands, wholesale distribution of its brand products worldwide and trade sale.
(Source: Thomson Reuters)
After news hit the market that Mr Dunkerton is back as CEO of the Superdry, its shares plunged significantly in the Wednesdayâs session and at the time of writing (as on April 03, 2019 at 04:08 PM GMT) its shares were quoting at GBX 460.60 and plunged by 40 points or 7.96% against its previous day close. On a year basis, stock has delivered a price return of negative 67.15% and registered a 52w high of GBX 1,565.0 and a 52w low of GBX 354.0. Total outstanding market capitalisation was around Â£376.90 million with a dividend yield of 6.76 per cent.


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The company provides cloud performance, content delivery, and securities technology to corporations—including Lufthansa, Lidl, and Bosch—worldwide
Tel Aviv, February 2022—GlobalDots, a cloud-performance and security Value-Added Reseller, leverages cloud technology to help companies find and deploy the latest cutting-edge cloud-based solution for their businesses. The company provides an in-depth understanding of technology that internal IT departments often lack because of the difficulty and time needed to learn, analyze, test, deploy, and constantly monitor the evolving technology landscape. Esteemed brands, including Lufthansa, Bosch, Lidl, Payoneer, Playtika, Fiat, and Benetton, all trust GlobalDots’s online tools and cloud solutions.
As companies continue to move their workplaces to the cloud or to hybrid models, many are experiencing a sharp rise in cybercrimes. In Q3 of 2020 alone, two data breaches left more than 1 billion records exposed to hackers in each instance, while four other attacks exposed over 100 billion previously private records. As the pandemic continues and the internet becomes increasingly central to our lives, keeping data private and protecting against cyber attacks is more important than ever.
GlobalDots helps companies optimize their infrastructures in a fast, secure, and reliable way. GlobalDots offers a range of services, including:
GlobalDots analyzes the company’s technology stack of tools, services, software, hardware, coding languages, operating systems, and programs. The company knows the industry’s best practices and is able to evaluate new or existing improvements to the technology deployed. The company also offers flexible pricing on tailor-made solutions, while providing 24/7 support.
“With the rise in cloud usage and cybercrime, having a secure and up-to-date online infrastructure is becoming increasingly important,” says Yuval Rachlin, GlobalDots Founder and CEO. “Regardless of whether a corporation is looking to optimize its performance, cut cost, or boost your revenue, GlobalDots is the right choice for securing and optimizing an online cloud system.”
GlobalDots is a 17-year world leader in cloud innovation, connecting businesses with the latest cloud & web technologies. We consult, resell, implement, and customize full-stack solutions, including cost & performance optimization, security, connectivity, and managed services, to streamline business processes and provide the foundation for sustainable business growth.
Yuval Rachlin, CEO


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Is TNT selling its mail business?
May 19, 2010
Various media reports are indicating that TNT, a Netherlands-based provider of mail and courier services and the fourth-largest global parcel operator, is considering spinning off its mail business. While there is nothing concrete on what the next steps would be, a Financial Times report quoted TNT CEO Peter Bakker as saying the spin-off could be completed this year, but he declined to comment on how long TNT would take to make a definitive decision on the fate of the business. Bakker also stated that talks on partnerships with rival postal companies have yet to start. While talk of a potential TNT sale has surfaced every so often over the years, J.P. Morgan analyst Tom Wadewitz added that caution needs to be exercised about reading this event as a certainty. However, he did point out that a long-term combination of TNT Express with UPS or FedEx does make sense considering the geographic strengths and weaknesses of each company.
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Back in October, our brain almost escaped from our head while trying to figure out the situation with this new Beastie Boys release.
As we said back then, the Beastie Boys decided NOT to release their album Hot Sauce Committee Part 1, and instead chose to release Hot Sauce Committee Part 2…but with some tracks from Part 1 added to the album.
Now, the Beastie Boys have announced a release date of "MAY THREE, Y'all" (May 3rd) for HSCP2.
Here's the announcement the Boys made about the release:
"Since the dawn of time, and perhaps even before, there was a silent order who were tasked with a mission. They held their secret tightly. On may 3rd the HOT SAUCE COMMITTEE PART TWO will be unleashed on the general public. Hold fast ye heathens."
We suppose this isn't the first time a sequel has come out before an original. Just look at Star Wars…the first one ever to be released was Part IV! Maybe that's what they're going for here
but probably not.
For those of you who'd like even further confusion, check out the "unique" titles for the new album's tracks after the jump!


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Volodymyr Kvashuk, a former Microsoft software engineer, has been convicted on 18 federal felonies. The conviction covers five counts of wire fraud, six counts of money laundering, two counts of aggravated identity theft, two counts of filing false tax returns, and one count each of mail fraud, access device fraud, and access to a protected computer in furtherance of fraud.
Kvashuk, 25, had been employed in testing Microsoft's online retail sales platform. He used the access associated with the testing process to steal the value found in online gift cards, ultimately making off with approximately $2.8 million. He used the proceeds to buy, among other things, a $1.6 million lakefront home and a $160,000 Tesla.
Sentencing in the case is scheduled for June 1. Kvashuk faces up to 20 years in federal prison.
Read more here.
Check out The Edge, Dark Reading's new section for features, threat data, and in-depth perspectives. Today's featured story: "How to Prevent an AWS Cloud Bucket Data Leak."


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The OTB group, which includes Diesel, Margiela, Marni and Viktor and Rolf, has launched what it is calling a “hyper real” virtual sales showroom to sell its spring/summer 2021 collections after it accelerated its transition to digital options due to the coronavirus pandemic.
In a statement, OTB said that the digital showroom would see all of its brands presented in a “new, memorable, hyper real dimension” starting with the spring/summer 2021 sales campaign, which will take buyers on a “sensory journey through virtual spaces” during live remote buying sessions.
The aim of the realistic visual showroom is to allow the “emotional experience of viewing and ordering high-end collections online,” added OTB, and is based on an end-to-end, modular group infrastructure designed by a cross-functional team, which allows for customised solutions to reflect the style, environment, and digital assets of each brand.
The showroom has been conceived and realised with the support of Accenture and has been designed to “set a new standard for the digitalisation of the fashion industry” with all products digitalised with high-quality 360° images and videos, as well as 2D close-ups, and allowing buyers to explore the lookbook and view the complete collection catalogue.
OTB teams up with Accenture to create realistic virtual sales showroom for SS21
To ensure the best experience, OTB has stated that the creation of “realistic and unique environments” of the virtual showroom is as important as the products being presented, and with that in mind it has made sure that everything is “tailor-made” and developed by the single brand to ensure an “accurate representation of the items that compose the collections”.
The design has also thought about the buyer, with OTB adding that the “role of the vendor will remain extremely important” and part of the buying session will be through live chat. In addition, it has also stated that the new ordering process will ensure “efficiency, timeliness, accuracy of data and architectural simplicity”.
The fashion group also explained that the virtual showroom will allow for a reduction in the number of samples that need to be produced, while also cutting carbon emissions linked to travelling around the world to sell the collections.
Renzo Rosso, president of OTB, said: “I always thought that limits exist only in our minds and obstacles can turn into opportunities. Difficult times call for courage, alternative ways of thinking, and creative ideas. Like this project: innovative, digital and sustainable – for the people, for the environment, and for the future of fashion.”
OTB’s turnover exceeded 1.5 billion euros in 2019, up 6.4 percent compared to 2018, and it saw growth across all of its brands.
Images: courtesy of OTB


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2020-06-25 | Chevy New Roads Magazine
Business Takes Heart
In a time of national need, Detroit-based businesses once again showcased their spirit of innovation, stepping up to selflessly work toward the greater good.
The pandemic has taken its toll across the globe. And while nearly everyone has experienced pain and anxiety, these critical days also resulted in people stepping in to help one another. Perhaps nowhere has this been more evident than in hard-hit Detroit, the home of Chevrolet. Here, stories abound of people using ingenuity, connection, and heart to raise each other up.
One by one, Detroit-area businesses proudly answered what they—across the board—view as their generation’s call of duty. Not only to fellow Detroiters, but to a nation in need. As it became clear that first responders did not have enough personal protection equipment, manufacturing teams pivoted with lightning speed and energy to provide it. Others stepped up food production. Still others looked for ways to bolster hard-hit industries. Competitors collaborated. Peers shared plans, blueprints and equipment. And Detroit went to work again.
Carhartt: “This was our time.”
The world was shifting quickly and eerily the week of March 16, 2020. Calls and emails began to pour into Carhartt from across the country. Could the hard-working apparel manufacturer, founded in Detroit in 1889 and still headquartered in nearby Dearborn, make personal protective equipment (PPE) like face masks and gowns?
Spurred by calls from its customers and the critical shortage of PPE throughout the country, the company began to collaborate with other PPE manufacturers and users to create masks and gowns. “It didn’t require meetings and decision-making to look at IF we should do this,” says William Hardy, senior vice president of Carhartt Supply Chain. “Our meetings and collaboration centered around how fast could we do this correctly with those same quality standards that we’ve always had. It was collaboration and resolve like I’ve not seen before.”
It didn’t require meetings and decision-making to look at IF we should do this. Our meetings and collaboration centered around how fast could we do this correctly with those same quality standards that we’ve always had. It was collaboration and resolve like I’ve not seen before.
While Carhartt initially sent its employees home with pay to keep them safe, once PPE plans and equipment were in place, it brought back volunteer employees who were paid a premium to work in revamped facilities that now included daily health screenings, machines moved farther apart for better social distancing, and rotating breaks.
Serving and protecting people is woven deeply into the Carhartt fabric. “We have a long history of Carhartt stepping up and helping out,” Hardy explains. During World War I, the company created U.S. military uniforms. For World War II, it made coveralls for soldiers, jungle suits for Pacific-based Marines, and workwear for women in factories on the home front.
As of mid-May, Carhartt had made more than 50,000 medical gowns and 20,000 face masks for first responders. Like the “greatest generation” before them, “We’re setting an example for future generations,” Hardy says. “This was our time. This was our generation’s opportunity.”
Better Made: “It was our turn to serve.”
The folks at Better Made, Detroit’s oldest snack food company, see their response to the COVID-19 crisis in much the same light as Carhartt. While millions of American workers were asked to stay home, the food company was deemed essential.
“For me, it was always like, this is our duty,” says Peter Gusmano, grandson of Better Made co-founder Peter Cipriano. “Think about it: If the bulk of food manufacturers closed, what’s life going to be like? Can you imagine not being able to go to the grocery store and get anything? You have all the previous generations and they went through terrible things. We’re grateful for the things they had to go through, and I just felt like it was our turn to serve.”
In mid-March, Better Made saw its demand skyrocket as Americans sought comfort foods in light of uncertain times. “You’ve got bread, ice cream, and potato chips,” says Peter Gusmano. “It’s a staple, comfort food. One of the things I’m particularly proud of is that we got to contribute toward delivering people a little bit of comfort.”
Gusmano marvels at the dedication of the company’s employees, 75 percent of whom live within 5 miles of Better Made’s location on the east side of Detroit. The rise in demand posed challenges, however. “We pay a living wage with benefits,” says Phil Gusmano, VP of Purchasing and Peter’s brother. “But a lot of people were really scared. So we instituted hazard pay. We were paying people significantly more to come to work under the circumstances.”
And while Better Made employees already wore masks and gloves, getting enough hand sanitizer was a Holy Grail of sorts. Like many Detroit businesses, Better Made found its saving grace through innovation and connections.
“We actually found a distillery in Lansing [Michigan], and they were able to convert from making alcohol to making hand sanitizer,” Phil Gusmano explains. In a cool twist, the distillery was using Better Made’s potato starch to make vodka before switching to hand sanitizer. “It goes out of here and comes right back now,” Peter Gusmano says.
As a result, Better Made’s 250 employees persevered and met the increased customer demand. “Our employees have really stepped up to help feed this country,” Phil Gusmano says. “Without them, we couldn’t do anything that we do.”
Better Made has also delivered countless cases of free snack foods to first responders throughout Southeast Michigan, including hospital teams overwhelmed with COVID-19 patients, as well as police and fire crews.
“We’ve always been a big supporter of the community,” says Mark Costello, vice president of Sales and Marketing. “It’s a simple way for us to show our appreciation quickly and effectively.”
Red Wings: “We wanted to be able to help out.”
On March 20, 2020, Paul Boyer was getting used to being at home instead of Little Caesars Arena. Then the equipment manager for the Detroit Red Wings got a call from CEO Chris Ilitch. “He said that Chevrolet was going to be making masks,” says Boyer. “At the time, we didn’t know the impact of everybody having to wear a mask.”
Chevy had launched a rapid-response project to produce face masks at scale at its manufacturing plant in Warren, Michigan. The final step in mask production required sanitization. Unfortunately, the automaker could only sanitize 2,000 masks at once with its single portable ozone-sanitizing machine. And it had its eye on producing much larger quantities of masks—and quickly.
“Chris wanted to know if we had a machine similar to what they already had acquired,” Boyer says. “I had to tell him we had it, but we didn’t have it in the portable style that he was looking for. But I knew where to get them.”
Because hockey teams also must sanitize lots of gear, including players’ masks, Boyer already was familiar with sanitization machines. He found the first portable sanitizer at Precision Blades, a hockey store in Grosse Pointe, Michigan. “Then I made five calls to hockey teams I know that had the portable units,” he says. “I reached out to teams that were geographically close. I know San Jose has one, but that was too far to ship and would have taken too long to get here.”
It’s not the old Detroit anymore. Detroit is different.
Geography and time were not the only challenges. “Some teams couldn’t get into their buildings,” Boyer adds. “So, I had to maneuver around that. Philadelphia and Chicago were able to get into their own buildings. By the following Wednesday, we had both units up and running in Warren.”
As a result, Chevy was able to double its production and is now producing more than 3 million sanitized masks a month, most of which are donated.
Boyer has worked for the Red Wings for 25 seasons and quickly dismisses any talk of heroics. “I made phone calls to my friends that Chevy is making masks. They need help. They need these machines as part of their process. That was it,” he says. “I just helped add one piece to the puzzle. Getting these machines just alleviated the bottleneck.”
Still, getting the three sanitizing machines was gratifying. And helping is a component of Detroit’s DNA. “If you go back and look at the last 5 to 10 years of this city, it’s all about that,” says Boyer. “It’s not the old Detroit anymore. Detroit is different.”
Detroit Hustles Harder: “We’re all in this together.”
First, the 2020 Detroit St. Patrick’s Day Parade was canceled. Then the Detroit Tigers’ opening day was postponed. Then most of the other warm-weather festivals and events that generated virtually all revenue for the iconic clothing brand Detroit Hustles Harder.
“For us, it was a huge hit, initially, due to the fact that these events wouldn’t be happening,” says Brendan Blumentritt, co‑founder of Aptemal Clothing and its star brand along with Joseph (J.P.) O’Grady. “Anything that brings a large amount of people down to the city, we’ve made our business plan around that.”
Blumentritt and O’Grady saw their friends in the art and service industry take an even larger hit. The now-closed restaurants, bars, and artist spaces were trying to raise money by selling merchandise online. “You can put a shirt out there and sell it, but when you sell it, you have to worry about who’s going to print it, who’s going to ship it, customer service, and a lot of things that bars and restaurants aren’t set up for,” Blumentritt explains.
Fortunately, Detroit Hustles Harder already had an online platform and fulfillment system in place. Thus, Hustle for a Cause was born. The pair collaborated with more than 50 Detroit artists, bars, restaurants, music venues, coffee shops, and more to help those directly impacted by COVID-19. Net proceeds go directly to its partners or a cause of their choice.
Collaboration, even among competitors, is easy in Detroit, thanks to its “big-city, small-town kind of feel,” Blumentritt says. Here, creative and service communities are tight. “We’re all in this together. It’s always been that way. We’ve grown organically through those people, so it only makes sense to try to give back as much as we can to them during these times now that we have a larger platform to do so.
“There was and always has been an energy surrounding Detroit, whether or not the economy or the city is doing well,” he adds. “Detroit always finds a way to make something out of nothing. I feel like we’re embedded with talent. And we’re surrounded by good.”
Hustle for a Cause has been “overwhelmingly successful,” Blumentritt adds. “It’s really, really cool to see how many people have come together to support these small businesses and artists. We’re really grateful to have this opportunity to be able to do this.”
Hustle for a Cause not only helps support its partners in the short run, but also builds additional awareness about them for the future. “It’s really cool to be involved in the heartbeat of the city,” Blumentritt says. “You get the most culture from the city by exploring through these small businesses. That’s where you truly get a taste of what the city has to offer.”
STORY: LESLIE SCHNEIDER / PHOTOGRAPHY: CARHARTT / VIDEOS: TAPROOT


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For the first time in years, Fossil is launching a total of 4 local brand ambassadors for their official Fall/winter 2022 campaign. The 2 German faces are well-known musician Max Giesinger and Ana Kohler, social media star and musician herself. In France, well known actors Tom Leeb and Solene Hebert are this year's campaign faces
All four ambassadors were photographed as part of the official global campaign shoot in New York this May, which was led by the global Fossil team and photographer Tom Schirmacher. The EMEA campaign launched in early September for both wholesale and retail as part of an ongoing activation with all four talents in both key markets France and Germany.
rsa Media was responsible for the research, negotiations, contract execution, campaign planning and all ongoing social media campaign activation and assisted in the preparation as well as at the photoshoot in New York. In addition to this rsa Media took care of the influencer handling and support of four ambassador events in Berlin, Oberhausen, Lyon and Paris.
Official Campaign Assets
Campaign kick off events in Paris & Berlin


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What we think.
What makes us tick.
Why media works.
6.15.17 — Today’s Dads are much different than the Dads of the past. Taking care of the kids is no longer just a job for Moms, and as fathers have become more involved with their kids and their activities, so too have the way they interact with media. Dads spend more time using digital platforms than ever […]
5.12.17 — What defines a “Mom” these days? Today, Moms have become the ultimate multi-taskers, juggling kids, work, transportation and regular household duties on a daily basis. Moms interact with a variety of media platforms throughout the day, and because they are key indicators of consumer trends, Marketers are constantly looking for ways to reach them. This […]
4.14.17 — Pandora’s new logo isn’t the only major change to the seventeen-year-old streaming music platform. In the past year, Pandora has evolved, with acquisitions and deals that have helped improve relationships with labels. They’ve introduced new services and a variety of products, all to enhance the user experience and position them for future growth. So, how […]
2.23.17 — Data is “crap optimized on crap.” It’s not often that a keynote speaker at a Data conference tells an audience of seasoned advertising professionals that data is “crap optimized on crap,” but that is how Rishad Tobaccowala kicked off the day. The reason we attended the conference was to learn more about data, so discrediting […]
2.3.17 — Super Bowl LI is just days away, featuring the Atlanta Falcons and the New England Patriots. New England will try to grab the Lombardi Trophy for the fifth time since 2001, while Atlanta hopes to secure its first ever Super Bowl victory. But, whether you’re a die-hard football fan or a casual observer, the Super […]


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The Latest: Zuckerberg questioned on viral misinformation
WASHINGTON (AP) — The Latest on testimony before a congressional committee by the CEOs of Facebook, Apple, Amazon and Google (all times local):
Democratic chairman of a House antitrust panel says Facebook is making money off dangerous lies that could have deadly consequences.
Rep. David Cicilline lodged the accusation at the tech company’s CEO, Mark Zuckerberg, Wednesday during a congressional hearing also featuring testimony from the heads of Apple, Amazon and Google.
Cicilline noted a series of popular conspiracy theories — including that the coronavirus pandemic is a hoax — that have thrived on Facebook’s platform during the deadly virus’ grip across the globe.
“It brings the most activity which, of course, produces great profit,” Cicilline said to Zuckerberg.
Zuckerberg offered assurances that the social network’s users don’t want to see misinformation in their feeds, so the company has taken big steps to scrub its site of inaccurate coronavirus claims. But that only invited more push back from Cicilline, noted out that just on Monday the company struggled to take down a video of pro-Trump doctors peddling misleading claims that Americans don’t need to wear masks and an unproven anti-malaria drug, hydroxychloroquine, as a sure-fire way to treat the virus.
The video raked in more than 20 million views before Facebook started removing it, with dozens of other versions of it still cropping up. Earlier in the hourslong hearing, GOP congressmen had complained that Facebook, YouTube and Twitter took down that same video at all, describing it as censorship.
Nodding to that political tightrope he’s walking on, Zuckerberg defended the company’s misinformation policies, “we’ve been quite aggressive in taking some of that down, as some of the questioning from the other side of the aisle has shown so far.”
U.S. lawmakers have repeatedly ripped the CEOs of Apple, Amazon, Google and Facebook while likening them to copycats, liars, bullies, drug dealers and traitors in an attempt to prove it’s time to crack down on their technology powerhouses.
The barrage of unflattering comparisons and allegations of misconduct unfolded Wednesday during an extraordinary hearing that summoned Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Google CEO Sundar Pichai and Facebook CEO Mark Zuckerberg before a congressional committee. The committee is looking into allegations that the companies have been abusing the popularity of their products and services to stifle competition and innovation.
All four CEOs appeared via video because of the pandemic.
Lawmakers were particularly harsh on Google, whose dominant search engine serves as the main gateway to the internet, and Facebook, whose social network with more than 2 billion people has has had trouble blocking efforts to spread bogus information in attempt to sway elections and sow social unrest. Both Pichai and Zuckerberg insisted their companies have worked hard to fix any problems on their services and strive to improve their mostly free services to keep their users happy to they can continue to sell the ads that bring in most of their revenue.
A key House lawmaker investigating Big Tech’s power is squarely targeting Amazon.
Rep. David Cicilline, a Democrat, told Amazon CEO Jeff Bezos at a hearing Wednesday that evidence shows that the e-commerce giant is only interested in dominating the market and is “fundamentally anti-competitive.”
Cicilline said “Congress must take action.”
As chair of a House Judiciary panel, Cicilline is looking toward possible new legislation to update century-old antitrust laws. But Republican Rep. James Sensenbrenner rejects the idea that legislation is needed — showing it could be a difficult mission for Democrats in Congress.
The Bezos, along with the CEOs of Apple, Facebook and Google were answering lawmakers’ questions about their companies’ practices as a House panel caps its yearlong investigation of market dominance in the technology industry.
Amazon founder Jeff Bezos says he can’t guarantee that the company isn’t accessing seller data to make competing products, an allegation that the company and its executives had previously denied.
His comments came Wednesday during a congressional hearing into the market dominance of four tech giants — Amazon, Google, Facebook and Apple.
Regulators in the U.S. and Europe have been scrutinizing Amazon’s relationship with the businesses that sell on its site and whether the online shopping giant has been using data from the sellers to create its own private-label products.
“We have a policy against using seller specific data to aid our private label business,” said Bezos, in a response to a question from Rep. Pramila Jayapal, a Democrat from Amazon’s home state of Washington. “But I can’t guarantee to you that that policy hasn’t been violated.”
Inside Telecom provides you with an extensive list of content covering all aspects of the Tech industry. Keep an eye on our News section to stay informed and updated with our daily articles.


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Travel brands need to be cautious about the volume of notifications that they push to protect user acquisition efforts.
Is Twitter’s new live-streaming app, Periscope, an attractive platform for spurring travel inspiration?
Five days after the launch date of Periscope, Skyscanner, the Scotland-based travel metasearch site, arranged a series of live-streams with local bloggers in nearly two dozen cities using Periscope over a 24-hour period to test that premise.
They moved quickly because they saw live-streaming as an opportunity to try a new way to showcase destinations. “It’s a fun and exciting way to bring the exploration part of travel direct to people,” said a spokesperson for Skyscanner. The cities on the-round-the world broadcast were located in more than 15 countries, including the U.K, the U.S., Australia, India, Indonesia, and Singapore, to name a few.
Skyscanner tries to inspire travelers through a blog that users can find on the bottom of its main page with a hyperlink titled, “Travel Tips and Inspiration” and it doubles as its news feed. The most recent blog content features destinations and top things to see and do written by various writers. One of the metasearch company’s U.S.-based competitors, Kayak, has a similar blog but it is even harder to find.
The 21 travel bloggers and four staff members who participated in the Periscope campaign broadcast from a variety of cities but these locations weren’t selected because they are necessarily key markets for the company. Instead, Skyscanner picked the cities based on their unique attributes and also because there was a self-imposed pressure to create the program in less than a week.
Organizing personalities to fill 24 one-hour slots and marketing this effort was impressive, given the short time frame. When asked about working with influencer agencies to craft the #24hourPeriscope campaign, Sam Poullain, social media manager for Skyscanner said, “We have a network of influencer and travel bloggers as well as in-house bloggers that write for us. We manage these relationships in-house. That’s why we were able to pull this together so quickly.”
Skift joined the New York City live-stream with Joanna Franco, the other half of Shut Up and Go, a 20-something travel blogger duo who travel frugally and with gusto. Franco took her audience on a long walk to the Flatiron building and went inside Eataly to talk about the imported Italian goods that struck her fancy.
As she walked further into the establishment, the signal was lost. Connectivity is a big issue with live-streams. Poullain attributed the glitch to Franco’s unfamiliarity with the newness of the app, adding that Skyscanner was still testing it.
A Skyscanner staff member in Japan did a successful Periscope broadcast seven hours later. The stream showed monkeys being themselves in an elevated park. Skift could see and hear the host and the monkeys, but could only double-tap the screen to like the stream with a “heart” instead of engaging in a real-time chat with the host.
A message appeared and read, “Sorry, the broadcast is too full…” Great for Skyscanner that the stream was well-attended, but it was a poor user experience because it took away the voice of the viewer. The ability to comment is a key feature for interactivity therefore drives lives-stream completion rates.
During a 24-hour time frame, Skyscanner sent more than 100 notifications on Periscope and Twitter about the broadcasts. Poullain said originally Skyscanner planned to broadcast fewer streams but learned quickly that broadcasting 30- to 45-minute sessions was not advantageous.
“We felt like dividing it up into blocks would make it easier to broadcast fresh streams,” he said.
Poullain claimed that Skyscanner’s account averaged 500 viewers per session and received a total of 16,000 hearts. Whether or not these interactions sparked more wanderlust to destinations like Athens, Nashville or Singapore, to name a few cities that featured broadcasts, is still too early to tell.
To date, Skyscanner grew its Periscope account to 1,950 followers. In comparison, the U.S. Department of Interior’s more modest live-streaming approach — with just a handful of sessions — grew its user base to 4,129.
To be fair, U.S. Interior had early access to the Periscope app. However from an acquisition per live-stream perspective, as well as viewers per hour at 215 per session, the U.S. Interior Periscopes were more effective.
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Photo Credit: One of Skyscanner's live-streams from its 24-hour campaign on Periscope that took place in Japan. Skift
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Exactly one month after announcing plans to acquire microblogging platform Tumblr for $1.1 billion, Yahoo has closed the deal.
The Internet giant announced Thursday that it officially owns Tumblr. The company announced the acquisition last month, saying that the $1.1 billion purchase price would be "substantially all...in cash." The company also promised at that time "not to screw [Tumblr] up."
Tumblr is highly popular site with over 300 million monthly unique visitors. The company was founded in 2007. Under the terms of the deal, Tumblr will remain its own entity under the Yahoo umbrella. Tumblr CEO David Karp said he believes that with Yahoo's help, his company can become more appealing to users.
"We are beyond excited to partner with Marissa and the wonderful team at Yahoo that we've already come to know well," Karp said in a statement Thursday of Yahoo CEO Marissa Mayer. "Their support and belief in our vision gives us an opportunity now to be the most ambitious we've ever been."


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Plan B was named one of the Top 20 burgers in the nation in a readers'… (Cloe Poisson / Hartford…)
The plaudits keep coming for Plan B Burger Bar even as the Hartford-based chain prepares to open new locations in Fairfield and on Pennsylvania Avenue in Washington, D.C.
Plan B was named one of the Top 20 burgers in the nation in a readers' poll in Food & Wine magazine this summer. Now the chain has been named a Global Hot 100 company at the World Summit on Innovation & Entrepreneurship, a conference happening this week in New York.
How does a burger joint end up with tech firms and new-product inventors, as an innovator?
Fast growth helps, along with commitment to local farmers and artists and Plan B's effort to make sure each location is different. The Fairfield store will open in the old post office building on Post Road, with a restored facade, for example.
Al Gamble, the co-founder and CEO, was set to speak about the business at the event Wednesday night at the Museum of the Moving Image in Astoria, Queens. Keeping it small is a key theme, raising a question: How much larger can the chain grow and still be small? On its website, it lists Boston, Atlanta and Chicago as future locations in addition to DC.
"I'm looking forward to sharing our story of Plan B Burger Bar – how we laid the foundation to grow a national 'micro-brand' by focusing on the local communities around us," Gamble said in a written release. "An incredible burger isn't enough. Consumers deserve businesses that support their town or city with values, ideals and flavors that connect people to the communities they live in — from hiring local employees, to ordering beer from regional breweries."
The business, Locals 8 Restaurant Group, has locations in West Hartford, Glastonbury, Simsbury, Milford, Stamford and Springfield at the Basketball Hall of Fame, in addition to the two that are set to open. Locals 8 also owns Tisane and the Half Door in Hartford's West End but has no immediate plans to redevelop its West End building that formerly housed the Roo Bar.
It's just too bad for Plan B that the White House, down the street from its new location, isn't still occupied by Bill Clinton, the burger-and-fries-scarfer-in chief.


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Soccer Player Lionel Messi Comes to Life in EA Sports’ FIFA 14 Commercial
EA Sports’ has released a new commercial for FIFA 14 on Xbox One staring Barcelona and Argentina soccer star Lionel Messi. Messi, who is also the game’s cover-star, is shown taking over the body and face of a humble game-player.
FIFA 14 will release alongside Xbox One on November 22nd, and comes with an Ultimate Team option including great players from the past 50 years.
Check out the commercial below.


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Manama, Bahrain : The American Chamber of Commerce - Bahrain (AmCham Bahrain) announced today the successful election of its new Board of Directors at its Annual General Meeting (AGM), which was held at the Wyndham Grand Bahrain Bay on 15 October 2019.
Presided over by Mr. Qays H. Zu’bi, President of AmCham Bahrain, in the presence of its outgoing Board of Directors, esteemed members, U.S. Ambassador Justin Siberell, and guests, the AGM focused on highlights and successes from the past year and look at the strategy for continuing to enhance AmCham’s presence and value proposition for members.
Mr. Zu’bi opened the meeting, stating, “Tonight we would like to acknowledge and recognize the positive transition, accomplishments and growth enjoyed by AmCham over the past two years, as well as, the election of a new Board of Directors to build on the strong momentum that we have built. AmCham’s success has been a team effort lead by its Board and fully supported by its members.”
Commenting on the new appointments, Mr. Zu’bi, who was re-elected as President, stated "I am delighted and honored to be given the opportunity to serve as President for another term. With the full support of our members, I am confident that the pool of skills, expertise and resources within this board will be instrumental in strengthening AmCham and further developing it. We will continue to extend AmCham's contribution to promoting U.S.-Bahrain's trade growth, while also promoting the legitimate economic interests of AmCham members."
In his remarks at the event, US Ambassador Justin Siberell said: “The Bahrain-U.S. bilateral economic relationship, which began more than 120 years ago, has never been stronger… I hope you will join me by taking advantage of the many commercial events during “Discover America Week”, which again takes place October 24 to November 1 2019 and is an important opportunity to highlight the amazing work you all are doing to promote trade and investment between the United States and Bahrain.”
Mr. Zu’bi went on to highlight AmCham’s vision for the coming term by explaining “It is AmCham’s vision, in cooperation with local associations, government and quasi-government bodies, to support economic growth through increased opportunities for networking, knowledge sharing, and advocacy.”
ABOUT AMCHAM BAHRAIN
The American Chamber of Commerce in Bahrain (AmCham Bahrain), an independent, non-profit business association, was formed in 2006 to capitalize on the newly implemented Free Trade Agreement between the US and Bahrain with the purpose to help companies take advantage of the new markets and benefits that came from this significant agreement. AmCham’s members range from Fortune 500 corporations to small and medium sized companies to not-for-profit organizations to individual business leaders and entrepreneurs representing all sectors.
AmCham Bahrain is a member of the US Chamber of Commerce and part of the global network of American Chambers of Commerce which includes AmCham MENA, MECACC (Middle East Council of American Chambers of Commerce), and the US-Bahrain Business Council. The US Chamber of Commerce, based in Washington DC, is a powerhouse and is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state, local and industry associations. AmCham MENA, the regional network of AmChams, works to foster increased collaboration amongst the members and works on promoting greater business opportunities between the US and the Gulf region.
Through these affiliations, AmCham helps its members grow their businesses by providing a wide range of networking and information sharing opportunities, government advocacy, valuable business intelligence, and customized business support services.
For media enquiries, please contact:
T: +973 17749759 | M: +973 39630997 | E : firstname.lastname@example.org
© Press Release 2019


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Spotify Technology SA (NYSE:SPOT – Get Rating ) – Analysts at KeyCorp dropped their Q3 2022 EPS estimates for Spotify Technology in a research report issued to clients and investors on Wednesday, July 27th. KeyCorp analyst J. Patterson now forecasts that the company will post earnings per share of ($0.74) for the quarter, down from their prior estimate of ($0.51). KeyCorp has a “Hold” rating on the stock. The consensus estimate for Spotify Technology’s current full-year earnings is ($0.78) per share. KeyCorp also issued estimates for Spotify Technology’s Q4 2022 earnings at ($0.91) EPS, FY2022 earnings at ($1.62) EPS and FY2023 earnings at ($1.12) EPS.
Spotify Technology (NYSE:SPOT – Get Rating ) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.17). The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.82 billion. Spotify Technology has a return on equity of 3.02% and a net margin of 0.68%. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) earnings per share.
A number of other brokerages have also recently weighed in on SPOT. Rosenblatt Securities boosted their target price on shares of Spotify Technology from $101.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley cut their target price on shares of Spotify Technology from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. UBS Group decreased their target price on shares of Spotify Technology from $185.00 to $142.00 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company raised shares of Spotify Technology from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $101.00 to $124.00 in a research report on Wednesday, June 15th. Finally, Pivotal Research cut shares of Spotify Technology from a “buy” rating to a “hold” rating and cut their target price for the company from $235.00 to $110.00 in a research report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. Spotify Technology currently has a consensus rating of “Hold” and an average target price of $183.65, according to MarketBeat.com.
Shares of Spotify Technology fell 1.4%
Shares of NYSE SPOT opened at $113.02 on Monday. The company’s fifty day moving average is $105.68 and its 200 day moving average is $130.83. The stock has a market cap of $21.50 billion, a price-to-earnings ratio of -159.18 and a beta of 1.79. Spotify Technology has a twelve month low of $89.03 and a twelve month high of $305.60.
Institutional inflows and outflows
Several institutional investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Spotify Technology by 55.0% in the 4th quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock valued at $36,000 after buying an additional 55 shares during the last quarter. Commerce Bank boosted its stake in Spotify Technology by 4.0% in the fourth quarter. Commerce Bank now owns 1,798 shares of the company’s stock valued at $421,000 after buying an additional 69 shares during the last quarter. Baldwin Brothers LLC MA boosted its stake in Spotify Technology by 41.5% in the first quarter. Baldwin Brothers LLC MA now owns 283 shares of the company’s stock valued at $43,000 after buying an additional 83 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its stake in Spotify Technology by 4.4% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 2,037 shares of the company’s stock valued at $477,000 after buying an additional 86 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Spotify Technology by 9.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,063 shares of the company’s stock valued at $249,000 after buying an additional 92 shares in the last quarter. 56.36% of the shares are currently owned by institutional investors and hedge funds.
Spotify Technology Company Profile
Spotify Technology SA, together with its subsidiaries, provides audio streaming services worldwide. It works through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1000 in Spotify technology right now?
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While Spotify Technology currently has a “Hold” rating among analysts, the top-rated analysts think these five stocks are better buys.
See the 5 stocks here


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7 Dividend Stocks To Buy That Analysts Love: AT&T, Best Buy And More
The S&P 500 has slumped to open 2022, and rising interest rates could further pressure stock valuations in coming months. Whether the market is up, down or sideways, dividends are one steady, reliable source of income for investors, but dividends are only as reliable as the companies that pay them.
A high dividend is meaningless if the stock's losses more than offset the yield. Ideally, investors should identify dividend stocks that also have significant valuation upside.
Here are seven dividend stocks to buy with at least 3% yields and Buy ratings from the Bank of America analyst team.
Simon Property Group (NYSE:SPG)
Simon Property Group is a real estate investment trust owns, develops and manages retail real estate, primarily regional malls, outlet centers, and community and lifestyle centers.
Analyst Jeffrey Spector says Simon's guidance is conservative considering the company has several tailwinds, including record leasing volume, low floating debt rate exposure relative to peers and storing retailer demand for physical stores. In addition, Simon recently announced a new $2 billion share buyback program. The stock pays a 6% dividend.
Bank of America has a Buy rating and $175 price target for SPG stock.
Telecom giant AT&T recently announced it will raise prices on some of its legacy unlimited and mobile share data plans beginning June 1. Analyst David Barden says the price hike suggests AT&T is making two important bets.
First, he says AT&T is betting its network and other improvements are worth customers paying more. Second, AT&T is betting that Verizon Communications Inc. (NYSE:VZ) and T-Mobile Us Inc (NASDAQ:TMUS) won't respond to the price hike with an aggressive marketing push to lure aggrieved customers away. AT&T shares pay a 5.4% dividend.
Bank of America has a Buy rating and $25 price target for T stock.
Verizon Communications Inc. (NYSE:VZ)
Verizon is one of AT&T's two largest competitors and is another attractive dividend stock that Barden recommends. He says Verizon has an extremely defensible subscriber base and is more profitable than its largest competitors.
In addition, he says Verizon has a stronger balance sheet following asset divestitures and is well-positioned to generate earnings growth outpacing its rivals. Barden estimates 2022 free cash flow of more than $16 billion for Verizon and says normalized annual free cash flow in future years should be even higher. Verizon pays a 5.1% dividend.
Bank of America has a Buy rating and $64 price target for VZ stock.
See Also: Best Dividend Paying Stocks
IBM offers information technology products to the software, infrastructure, and services industries.
Analyst Wamsi Mohan says IBM's portfolio has been resilient in a slowing macro environment. After a recent call with IBM management, Mohan says tech spending should outpace GDP growth, and IBM should see elevated European demand until the conflict in Ukraine is resolved. In addition, Mohan says IBM's revenue growth should stabilize now that half of its revenue streams are recurring. IBM shares pay a 5.1% dividend.
Bank of America has a Buy rating and $165 price target for IBM stock.
Philip Morris International Inc. (NYSE:PM)
Philip Morris is one of the world's largest global tobacco producers. It's been a volatile year for Philip Morris so far in 2022 given the company had significant operations in Russia.
Analyst Lisa Lewandowski says the global cigarette market is facing secular volume pressures, but Philip Morris is making the necessary adjustments to its business by shifting productivity away from Russia and pivoting to other high-potential markets and shifting customers to higher-margin cigarette alternatives. The stock also has an attractive 4.9% dividend yield.
Bank of America has a Buy rating and $117 price target for PM stock.
Best Buy Co Inc (NYSE:BBY)
Best buy is one of the largest consumer electronics retailers.
Retailers have had a rough first quarter earnings season, and analyst Elizabeth Suzuki says Best Buy is facing a more modest growth outlook and discretionary spending risks in the near-term. Fortunately, with the stock down more than 50% from recent highs, Suzuki says Best Buy shares are fully pricing in its potential 2022 earnings growth deceleration. In addition, she says Best Buy remains a market leader in electronics, and the stock pays a sizable 4.8% dividend.
Bank of America has a Buy rating and $110 price target for BBY stock.
Williams Companies Inc (NYSE:WMB)
Williams is a domestic U.S. natural gas infrastructure company.
The energy sector is one of the few silver linings in a brutal market so far this year, and Williams shares are actually up 35.9% year-to-date as energy and natural gas prices have soared. Even after the big run, analyst Chase Mulvehill says there is more upside ahead for Williams. He says Williams' transmission business is an excellent growth opportunity, and the company is well-positioned to benefit from dry gas production growth in the Haynesville shale and Northeast region. Williams pays a 4.8% dividend.
Bank of America has a Buy rating and $41 price target for WMB stock.


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Splash News Online
RACHAEL RAY is caught up in a bitter family feud over the horrifying death of her Aunt Geraldine.In a heartbreaking tragedy, the
New Google Tips is surprisingly helpful
Google has launched Google Tips, a site which uses clickable cards to explain the features and capabilities of Google's biggest products. The cards explain concepts such as sharing photos with specific people in Google+ circles, synchronizing Android smartphone contacts to a Google account, and
Even with its burgeoning Nexus program, Google is still primarily seen as a software and services company rather than a hardware designer. And yet, all those web services, from YouTube videos to Street View panoramas to Google Docs, need a solid infrastructure of servers to support them &m
After last week announcing House of Cards season two will premiere February 14th 2014, Netflix has released a full trailer hinting at the story arcs for the new season. The trailer comes just hours after the political thriller was nominated for four Golden Globes.
Pebble has released a software update that dramatically improves the smartwatch's alarm clock functionality and adds a much-requested feature. Firmware version 1.14 finally includes a Do Not Disturb setting similar to the one Apple introduced with iOS 6; it lets users specify a period of time w
Why Invest In Bitcoin When You Could Invest In Another Currency
I'm always a little worried when the Financial Times echoes something that I am already thinking. It means that either I might have, inadvertently, had a good idea or that I am having the sort of ideas that are supported by the Financial Times. Either way, a surprising finding. But they are indeed s
Felix Salmon has a nice point over here. That Uber, Lyft and other such services will actually raise taxi drivers' incomes, not lower them over time. This isn't what we would initially think of course but in the larger cities, where a medallion is needed to put a cab on the streets this will indeed
I’ve always believed leadership exists to disrupt mediocrity, but I’m afraid in recent times many leaders are losing that battle. Somewhere along the way, they threw in the towel and settled for a weak-kneed, watered-down version of leadership – they have rationalized and justified
Dean Kamen doesn't waste his time on problems that don't need to be solved. Early in his career he invented the first infusion pump for delivering medicine. The company he built around it has made him wealthy and he's spent the rest of his career working--rather successfully--to repeat the success.
Recon Snow2 heads-up-display adds full Facebook integration
Recon is a heads-up-display pioneer as the creator of the world’s first HUD for sports. Now it’s pushing forward with its software too by offering full Facebook integration to its new Snow2 headset. Yup even on a mountain, strapped to a snowboard,...
Amazon UK now has an official PlayStation storefront where you can buy PS Plus subscriptions, game download codes, season passes and select DLCs for PS3, PS4 and PS Vita. This could be the beginning of the end for solid state games being sold in shops,...
HTC quietly took the wraps off a sleek black version of its HTC One Max phablet, slowly bringing the handset up to colour terms with the rest of the HTC smartphone line. The HTC One is available in silver, black, red, blue and gold, while the HTC One...
Valve has long shown dominance in the PC gaming arena, thanks to its Steam software that has been the go-to place to download PC-based games since 2002. But one area that it hasn't yet grabbed a foothold in is the living room, but with SteamOS and Steam...


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It seems like HMD Global is all set to launchNokia 6.1 Plus soon in India. The company has teased a launch event in India about a new smartphone.
The teaser has been posted on the company’s official Indian twitter handle. It has even asked the Nokia fans to participate in a contest to join the launch event. The tweet reads “All the Nokia fans out there tell us your favourite Nokia smartphone experience and stand a chance to witness the next exclusive launch event”. However, no exact launch date has been revealed by the company in the teaser.
The tweet also does not reveal the name of the smartphone to be launched at the event. But recently the Nokia 6.1 Plus support page went live in Indiaand it is expected that the company will launch 6.1 Plus in the event. It is also expected that HMD Global might also launch the Nokia 5.1 Plus and Nokia 2.1 along with Nokia 6.1 Plus.
The Nokia 6.1 Plus was first launched as the Nokia X6 in China and it is the first smartphone from HMD Global with iPhone X-like notch display. It was announced in three variants – 4GB RAM and 32GB storage option priced at 1299 Yuan (approx. Rs 13,900), 4GB RAM and 64GB storage priced at 1299 Yuan (approx. Rs 16,900) and 6GB RAM and 64GB storage option is priced at 1,699 Yuan (approx. Rs 18,100). In India, the smartphone is likely to be launched with 4GB RAM and expected to be priced under Rs 20,000.
The smartphone is powered by 1.8 GHz Qualcomm Snapdragon 636 processor. It has a 5.8-inch Full HD+ display (2280 x 1080 pixels) with 19:9 aspect ratio and Corning Gorilla Glass 3 protection.
All the memory variants can be further expanded up to 256GB via micro SD card slot. A dual rear camera setup with 16-megapixel primary sensor and 5-megapixel secondary monochrome boosts the device. It has a 16-megapixel front camera for selfies and video calling. The smartphone runs on Android 8.1 Oreo and a 3060mAh battery with Qualcomm Quick Charge 3.0 fuel the device. Security features include a fingerprint sensor at the rear and Face unlock as well.


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IBM IS WORKING ON a system that can pinpoint people's locations by looking at their Twitter history.
This does not sound like much of a leap. Twitter offers location sharing. Many people do not enable that though, and people are left wondering where someone is located when they tweet.
However researchers at Big Blue have worked out an algorithm that can place a person by looking at their 200 tweets without location information.
A paper from IBM entitled 'Home Location Identification of Twitter Users' and penned by Jalal Mahmud, Jeffrey Nichols and Clemens Drews has been published to online repository Arxiv.
You know how these papers go, they begin with an abstract, and the abstract of this one says that the algorithm infers the home location of tweeters by looking at time zones and heuristic classifiers. This, say the researchers, represents a new approach.
"Unlike existing approaches, our algorithm uses an ensemble of statistical and heuristic classifiers to predict locations and makes use of a geographic gazetteer dictionary to identify place-name entities," they said.
"We find that a hierarchical classification approach, where time zone, state or geographic region is predicted first and city is predicted next, can improve prediction accuracy. We have also analysed movement variations of Twitter users, built a classifier to predict whether a user was travelling in a certain period of time and use that to further improve the location detection accuracy."
So far, so good, and the IBM researchers reckon that evidence suggests that the algorithm works well in the wild and is adept at "predicting the home location of Twitter users".
This sort of thing will raise privacy hackles, and people will not like the idea that they can be pegged down without ever saying where they are.
IBM did not take the privacy angle much, and said that the information could be used to improve capabilities in data mining and event prediction. Examples given are journalists looking to find tweets from a scene, and retailers that want to know who is buying what and where. Another benefit, which sounds rather oblique to the previous aims, is that users will be better able to hide their locations, according to the firm.
"The benefit of developing these algorithms is two-fold. First, the output can be used to create location-based visualisations and applications on top of Twitter," IBM adds.
"For example, a journalist tracking an event on Twitter may want to know which tweets are coming from users who are likely to be in a location of that event, [versus] tweets coming from users who are likely to be far away. As another example, a retailer or a consumer products vendor may track trending opinions about their products and services and analyse differences across geographies."
The system might be helpful to users who want to blog on Twitter, but not reveal their location according to the firm.
"Our examination of the discriminative features used by our algorithms suggests strategies for users to employ if they wish to micro-blog publicly but not inadvertently reveal their location," it said.
IBM added that its focus is on working out where someone lives, and not their travels. However, it is possible to predict someone's movement using its method.
The researchers approached the study by looking at a collection of tweets with location information. They said that they began by identifying 100 tweeters from 100 cities and then worked from a dataset of 1,524,522 tweets generated by 9,551 users. µ
Next-gen devices enabled by integrating novel materials on silicon
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Video shows off upcoming handset in Rose Gold compared to iPhone 6S predecessor


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Tags » Home Sale
OTTAWA – Home sales in April were up from March as Canadians took advantage of low interest rates.
The Canadian Real Estate Association says home sales in April through its MLS system were up 2.3 per cent compared with the previous month. 218 more words
To make homeownership more affordable, and it’s one of many things that can help you save some cash when buying a home. If you’re not taking advantage of every money-saving opportunity out there.When you buy a new house, you have to be face-to-face with different complicated issues which you might not have faced if you bought a per-owned home. 325 more words
One of the benefits of hiring a chimney sweep or dryer exhaust technician certified through the Chimney Safety Institute of America is the professionalism that comes with the credential. 394 more words


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Scott Dethorne and the team at Craftsman Tattoo are used to making the most quirky, and oftentimes ridiculous, ideas come to life and look pretty.
That’s why tatting the image of a plague doctor or even a COVID-themed nesting doll on a customer is just part of a regular days’ work.
“A lot of people call it their therapy,” said Dethorne, owner of the five-year-old Schenectady studio. “If they’re having a rough week and somehow that pain makes them feel better, then more power to them. The reasoning for getting tattoos isn’t any different now than it was before this stuff hit the fan.”
During the last seven months, tattoo studios have added several additional safety measures in an industry already equipped with gloves, disinfectant and the occasional mask. Since reopening in July, studios have been following social distancing guidelines, placing additional barriers around tattoo stations, requiring masks, regulating guests and have oftentimes had to jump through hoops to secure the correct safety supplies.
Regardless of the changes, Dethorne and other studio owners are saying that business has actually been quite strong in recent months. And they’re hoping the surge lasts just as permanently as their ink.
“During the actual shutdown, we weren’t doing much outside of drawing and painting. But the minute we could tattoo, we were booked,” Dethorne said. “Way out to the point where we needed someone to help with the volume. We’ve always been pretty busy for the most part, but this year has just been wild.”
And even as Craftsman brought on extra hands to help with bookings, which bring in $150 per hour, the location’s four in-house artists are still seeing a packed schedule. They’re applying a solid mix of tattoos on customers: small pieces, larger multi-appointment works and the occasional last-second tat.
The reasons for the rise in bookings, which is around a 50 percent increase, Dethorne suspects, are that customers have more time on their hands and even more money to spend.
“People who like to get tattoos always have the idea of the tattoo in the back of their head, but they never have the cash to match the tattoo,” Dethorne said. “Nowadays, people aren’t partying on the weekends, they aren’t going out as much. There’s no place to have dinner late at night. We’re catching the bars’ money right now.”
As regular customers continue to pay visits, Dethorne is spotting more first-timers coming in for ink, and sometimes coming back for larger sleeves.
Chad Foster, owner of I&I Tattoo in Schenectady, saw a similar rise in bookings for the studio’s six in-house artists since things have reopened.
“When we were finally able to reopen, there was an onslaught. It was instantaneous,” Foster said. “We generally have a super long waitlist. We had people backed up for months. So it’s been pretty busy and steady. Plus, now we’re coming into a tax season where it’s always busy for us anyways.”
Adjusting to different safety measures hasn’t been much of a hassle either, the owners say, as many regulations the state asked them to follow are already standard practice for tattoo shops, including extra sanitizing, wearing gloves and, in some cases, wearing masks.
“When this all started, when the lockdown got lifted, the state gave us a roughly 14-page list of things that they wanted us to do in order to be safe,” said Joseph Wood, owner of Parasol Tattoo Co. in Saratoga Springs. “I can honestly say the majority of it was stuff that we already did. The mask, obviously, was a little bit different. Clients have been great with that as well. No one’s really complained or had any issues. I think they’re just happy that they’re able to come in and be like ‘a tattoo to go.’”
Even with business running relatively smoothly at local studios, there still have been some roadblocks, including access to certain safety supplies.
“The only thing that pandemic did mess up was the price of supplies that we work with, like paper towels and gloves,” Foster said. “I doubled everything in price. From it being $9.99 for a box of gloves to, at one point, $24 a box.”
Bridget Punsalang, owner of Bittersweet Blackbird in Clifton Park, said suppliers are usually out of stock when she’s looking for hospital-grade disinfectant.
“I end up having to find it through Amazon and then order some in bulk, or just through various medical suppliers,” Punsalang said. “But even then, it’s like I’m searching for a while before I can find it. And it’s a lot more expensive than it used to be.”
Still, these studios are finding ways to get through and, in some cases, they’re seeing a real strong turnout each day of walk-ins and bookings. And for good reason.
“People just want to do something that makes them feel good,” Punsalang said. “I won’t say it’s a recession-proof industry, but it has definitely survived them before. And I won’t say that it won’t affect it. But people want to do something that makes them feel good.”
Wood shared a similar sentiment, noting that even his most cautious clients — who work from home and have limited their exposure to other people in recent months — see the tattoo studio as their get-away.
“They really don’t leave the house very often, especially the ones that are allowed to work from home,” Wood said. “So for some of them, this has just been an excuse, something that was important enough for them to want to leave the house, talk to someone and just get tattooed.”


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The COO for the southwest US operations of casual seafood dining chain Red Lobster has been promoted to executive VP of operations for the entire company.
Phil Robinson, 50, who previously led operations for 88 restaurants in Red Lobster’s Dallas division, will be responsible for leading all operations at 663 Red Lobster restaurants throughout the US. His appointment is effective immediately, and he will report to Red Lobster president Edna Morris.
“We are thrilled that Phil will be leading Red Lobster’s company-wide operations,” said Morris. “Phil has a strong guest focus and an unrelenting commitment to excellence.”
Robinson joined the company in 1976 as an associate restaurant manager. He directed Red Lobster’s Employee Relations Department at Orlando corporate headquarters from 1995-1996 and has led Red Lobster restaurants located in Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Kansas and Missouri since 1996.


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2012 has been a busy year for the shipping industry both in big news items. Such events as the 2012 shipping rate increase has already affected many businesses’ budget plans for the year while floods and earthquakes in 2011 has shaken up many companies to look deeper into their risk management programs to create a viable Plan B. An interesting piece of news that will only, most likely, grow bigger as the year continues is the United States Postal Service (USPS) budget crisis. USPS has been losing money for a long period of time from a $5.1 billion operator loss for the 2011 fiscal year and a $3.2 billion loss for the first quarter of 2012. They expect to default on retiree health benefits to the government this year and could hit their $15 billion debt ceiling by the end of the year.
Why is this important to note for those that don’t use USPS for their shipping? There are many implications and shipping aspects that could potentially affect the other carriers along with customers. One of these effects deals directly with FedEx which has a direct contract with the USPS to move First Class, Priority, and Express by air. Most likely, analysts are predicting a substantial cut when it’s contract is up for renewal. This change could result in a possible power play by UPS for more share or have the air freight change to ground services instead, resulting in a different revenue stream. For customers, both shippers and receivers, expect both price fluctuations from the carriers and possible service extensions or cuts. The USPS, for instance, is expecting to cut Saturday service, which would divert customers more to the major carriers and an increased traffic. It will be more important than ever for consumers to make sure they are reviewing their invoices and negotiating appropriate deals.
Even with all these changes, one important lesson for any shipper to keep in mind is to always be open-minded and knowledgeable about the options you have in shipping and ways that will financially benefit your company. For instance, our company always stays abreast of the changing shipping field and which rates and discounts are available for businesses. Stay connected with Source as we continue to analyze and watch shipping news along with ways we can continue to help you reduce your shipping costs.
Make sure to ‘Like’ us on Facebook and ‘Follow’ us on Twitter!


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The roll out of the biggest tax reform since Independence has been "relatively smooth" with multi-layer monitoring and officers of the tax department have been working overtime to weed out major bottlenecks in the implementation
Gold demand fell in India this week, with dealers offering a discount for the first time in one month despite a correction in local prices as consumers advanced purchases in June before the rollout of a new nationwide sales tax
Gold prices today followed the global trend by sliding Rs 250 to Rs 28,900 per 10 grams as a strong dollar dented the precious metal's demand amid a dwindling interest from local jewellers
N Srinivasan, VC & MD, India Cements said although the demand for cement has not been significant yet, he is optimistic of seeing an increase in demand going forward.
The demand for student housing is expected to see a rapid growth in India and real estate firms should tap opportunity in this segment to beat current slowdown in the residential market, according to JLL India.
March is leaving cement industry watchers quite confounded.
India Ratings and Research (Ind-Ra) today maintained its negative outlook for the base metal sector for next fiscal as new capacity expansion amid weak demand is likely to create surplus stocks, putting pressure on premiums.
There has been steady increase in demand, says K Ravi, MD of NCL Industries. A further increase in prices is likely in the near-term, he adds.
The Central Statistical Organisation (CSO) may project FY17 gross domestic product (GDP) growth at 6.8- 6.9 percent in its second advance estimates, say government sources to CNBC-TV18. CSO will release the numbers on February 20.
Tea producer Jayshree Tea‘s net profit fell 98 percent on the back of lower tea prices. Speaking to CNBC-TV18, company‘s MD and CEO, DP Maheshwari, said prices of high quality tea have gone down by Rs 30-40.
"It will take probably one-two months more for the prices to come back", Subhash Jajoo, CFO of Shree Cements told CNBC-TV18.
Physical gold demand fell 20 percent last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report on Thursday, as a rebound in prices after three straight years of losses blunted appetite for the metal.
Rising oil prices will lead to higher inflation in the eurozone over the next two years than previously expected, a European Central Bank survey said today.
Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences.
Protectionism apart, Indian steel sector is likely to gain from expected revival in construction activity with affordable housing roll-out and pick up in auto sales.
Following Finance Minister Arun Jaitley's comments on direct and indirect taxes, economists have not changed their estimates for the tax collection. According to them, better performance on indirect taxes was expected due to the higher fuel excise hike.
Crude prices have started to rise but what's worrying experts is the rise in US shale production. Matt Smith, Director of Commodity Research at Clipperdata says as crude prices rises, so will the US shale output.
The government today removed the minimum export price (MEP) on potato, which was imposed in July, to boost shipments of the kitchen staple.
"All two-wheeler manufacturers in the country are trying to be BS-IV compliant by April next year. We want to be the first ones to transition to the next emission levels," Bajaj Auto Ltd President (Motorcycle) Eric Vas told PTI.
Watch the interview of Surendra Mehta of India Bullion and Jewellers Association with Manisha Gupta on CNBC-TV18. He speaks about gold and gold prices.
The company will increase prices of its passenger vehicles starting from Rs 5,000 up to Rs 25,000 depending on the model due to various macro-economic factors.
B Ashok, Chairman of IOC, does not agree that oil production cuts will spike up prices. Prices will at best be range-bound around USD 50 per barrel, he says.
In conversation with CNBC-TV18, Oil Minister Dharmendra Pradhan said that the consumer market will be affected with the rise in crude prices.
The upside in gold prices is limited to USD 1,300 and the prices could come down in the near-term, says Georgette Boele, ABN AMRO Group Economics.