text: apple stock forecast 2020. The 37 analysts offering 12-month price forecasts for Apple Inc have a median target of 192. 29, where CEO Tim Cook and CFO Luca Maestri are expected to detail the. Report skyrocket in the past two years must have felt a bit more uncomfortable this …. 24% increase from the last price of $170. 2% below the current share price. What is interesting is that, even though the Apple stock price has been run way up as of lately, the forecast predicts that the price will go . Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. This report analyzes the performance of Apple Inc (AAPL) Stock in the last 5 years. Apple will miss revenue forecast as coronavirus impacts its manufacturing and sales. Just type “Apple stock predictions 2020” into Google and see . Apple Inc Stock Price Forecast, "AAPL" Predictons for2022. Apple Inc stock price prediction is an act of determining the future value of Apple shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. Apple will rise to $300 within the year of 2025, $400 in 2027, $500 in 2029 and $600 in 2033. dollars in financial year 2020. Apple has enjoyed a phenomenal growth in stock price coinciding with its persistently strong brand and monopoly market share. In Oct 2022, a bullish trend is predicted for the Apple Stocks. Apple Stock Forecast 2022, 2023, 2024. In fact, the current average 12-month price target on Apple's stock is $333. In Nov 2022, a bearish trend is predicted for the Apple Stocks. The latest closing stock price for Apple as of March 23, 2022 is 170. People throw out all sorts of numbers, but there’s only one …. *The 1987 ending price for Apple, Inc. Apple Stock Predictions: Keep Investing And Winning With Apple – Stock Could Hit $325 January 12, 2020 T his Apple stock predictions article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First. 's earnings in 2022 is $100,555,000,000. Apple's previous stock split was 7-for-1 in 2014, and this month's split was its fifth since going public in 1980. Apple's total net sales amounted to 365. Averaged Tesla stock price for month 1748. Image Shown: Shares of Apple Inc. 46, resulting in a forward P/E ratio of 23. Ives, who has been one of the most bullish Apple analysts lately, says we will likely see the stock hit $350 or even $400 by the end of 2020. Munster's forecast implies a 37% gain from. Apple's dividends paid totaled $14. Apple stock predictions after the record-breaking fourth quarter earnings report At the end of October 2020, Apple announced financial results for its fiscal 2020 fourth quarter. Apple Stock Forecast for Tomorrow, Week, Month. Apple stock predictions for September 2022. Apple revenue for the twelve months ending December 31, 2021 was $378. $6,000 in market cap per car produced by both Ford and GM. As it does, Apple will report of a series of record-breaking blowout earnings report throughout 2021, the sum of which will spark a big rally in AAPL stock. Apple annual revenue for 2021 was $365. This was a 2 for 1 split, meaning for each share of AAPL owned pre-split, the shareholder now owned 2 shares. Analyst estimates, including aapl earnings per share estimates and analyst recommendations. (AAPL) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. The average price for the period is 161. Apple Inc'sshares rallied nearly 7% on Friday in its biggest one-day percentage jump in a year and a half after the iPhone maker reported . The forecasted Amazon price at the end of 2022 is $3,294 - and the year to year change -1%. 7 billion for the three months ended June 30, the company's fiscal third quarter of 2020. Earlier today Apple announced a slew of new hardware. Tesla stock struggled in the early part of this year but has been on a run since the company announced it received German government …. Here is a comprehensive display of the hit . Ford Stock Price Forecast - Long-Term Outlook. Get the latest Apple Inc (AAPL) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Here are 10 predictions for what I expect to happen in tech over the next 12 months. This is based on AAPL's latest one-year algorithmic market trend forecast score of 242. In this video, I explain why I have set buy limit orders at $394 and $357. (Source: “Apple Rings in New Era of Services Following Landmark year,” Apple Inc. Apple's stock split took place on 31 August 2020. 31 brokers have issued 1-year price targets for Apple's shares. The Apple bull shrugged off the February and March bears and climbed 139% since the bottom. 's (AAPL) stock has had a tremendous 2020 with the shares up more than 50%. The forecast for beginning of July 1685. Apple stock prediction for 2030 is expected to reach $510. Apple's (NASDAQ: AAPL) gains so far in 2020 have electrified investors. People throw out all sorts of numbers, but there’s only one number to describe Apple in 2020: $1. Apple Inc stock gain for this forecasting period is 83. What is AAPL's Earnings Per Share (EPS) forecast for 2022-2024? (NASDAQ: AAPL) Apple's current Earnings Per Share (EPS) is $6. However, it didn’t predict as far ahead as 2030. 85 with a high forecast of $210. Apple stock (AAPL) price analysis 2020. Apple stock surged 86% in 2019. Amazon Stock Forecast 2025: Wall Street Targets 185%. Apple (NASDAQ: AAPL) is arguably the most talked-about and traded stock in the 2020 market. Apple reported record revenue for a September quarter — but its stock slid after sales fell short. Forecast target price for 03-26-2022: $ 174. AAPL: Apple Inc Stock Price Quote. Take a look at how to purchase stocks. Apple stock has been rising in recent days on reports that Apple is moving forward with project Titan, and targeting to produce a self-driving electric vehicle by 2024. Apple Inc (AAPL) Stock 10 Year History. The Company posted quarterly revenue of $91. Apple (NASDAQ:AAPL) was the Dow's best performer in 2019. The average Apple stock price prediction forecasts a . The highest forecast suggests that its shares will rise 10. Averaged Apple stock price for month 263. It seemed the stock could do no wrong, surging by nearly 25% on the year, and about 60% from its March lows. Apple Cider Vinegar Market Size, Share & Growth. Cupertino, California — July 30, 2020 — Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020. Apple Inc quote is equal to 174. 0, 6 months ago from 13 wall street analysts. Amazon Stock Price Forecast 2022-2023. Has Apple's Stock Split Before? Yes, since Apple's IPO all the way back on December 12, 1980, Apple has split four separate times. 8 times Power’s earnings-per-share forecast for calendar year 2021. Tesla's stock has hit an all-time high, with a market cap over $100 billion. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. Apple stock predictions beyond 2020 Apple has told investors that earnings in 2020 will mark a period of reinvigorated financial results, which in turn is expected to support shares beyond next year. In February 2020, prior to the pandemic-driven market rout, Apple’s stock traded at $82 and the earnings estimate for 2020 was $3. Apple Stock Predictions For 2020: 3 Reasons To Still. Apple (AAPL) stock price prediction is 260. 3 % based on the past 40 years of stock performance. With an expected $15 billion in revenue for 2020, AirPods are projected to become Apple's third-largest product by 2021. Apple Stock Forecast & Predictions: 1Y Price Target $185. 20, 2020 The run-up in the iPhone maker's share price has outpaced the predictions of Apple's stock has made a lot of people rich. Expect More Volatility in 2020. (NASDAQ:AAPL) have staged an impressive rally since bouncing off their March 2020 lows, with AAPL up over 50% year-to-date as of this writing on August 10 and. Investors who saw Apple stock - Get Apple Inc. Maximum value 1875, while minimum 1663. 6% on a compound annual basis, a decent rate for a mature company. 00, with a high estimate of 215. The company is valued at 4x revenue while other auto makers are valued at fractions of their revenue. For example, a 1000 share position pre-split, became a 2000 share position following the split. Deutsche Bank says they see a 30% upside in Apple stock over the next Ho says Apple store traffic "bottomed out in the spring of 2020", . ; Apple Inc has risen higher in 26 of those 40 years over the subsequent 52 week period, corresponding to a historical accuracy of 65 %. Intel's 'absurdly bullish' long. In January 2020, BlackRock CEO Lawrence Fink, who . A single share was trading at about $450 Wednesday. 2020: 2021: 2022: Sales M $ Released Forecast Spread: 229 234 227 288 0,86%: 265 595 264 241 0,51%: 260 174 259 153 0,39%: 274 515 272 778 0,64%: 365 817 366 798-0,27% 395 620 : Operating income (EBITDA) M $ Released Forecast Spread: 71 501 70 947 0,78%: 81 801 81 527 0,34%: 76 477 75 645 1,1%: 77 344 77 077 0,35%: 120 233 119 926 0,26% 131 559. Maximum value 220, while minimum 196. Apple did not give a fiscal fourth-quarter forecast. Apple claimed 15 percent of the smartphone market by sales to end users in the first quarter of 2021, remaining relatively stable compared with the previous. Wall Street ended mostly higher on Monday as investor confidence got a boost after data from late-stage clinical trials of coronavirus vaccine from two drugmakers showed. Record-Breaking Earnings in the Fourth Quarter, What Next? Apple announced its financial results for the fiscal fourth quarter of 2020 in October 2020. Apple Inc () Stock Market info Recommendations: Buy or sell Apple stock? Mexico City Stock Market & Finance report, prediction for the future: You'll find the Apple share forecasts, stock quote and buy / sell signals below. According to the issued ratings of 31 analysts in the last year, the consensus rating for Apple stock is Buy based on the current 6 hold ratings, 23 buy ratings and 2 strong buy ratings for AAPL. But he says that is in line with consumer staples and. Summary: The stock price of Apple is now more than 18% higher than it was during my September 19 buy recommendation. 28 with a high price target of $210. The average price for the period is 5. Predicting the economy and stock market 2:003. *The 2000 ending price for Apple, Inc. If you share this super-optimistic Apple shares forecast, you could consider buying the dip in late 2020, caused by election uncertainty and Covid-19 headwinds. On that day, previous (and still current) owners of AAPL will have four times the amount of shares that they had the day prior, but all their. To give a perspective, shares of 4700 bought on Dec 21st, 2020 would have returned on Oct 7th, 2021 $570, . Analysts are skeptical that the. Apple Stock Notches All-Time High Sankar reiterated his outperform rating on Apple stock and raised his price target to 325 from 290. The forecast for beginning of April 266. Apple is still the most profitable smartphone company. Get the latest Apple Inc AAPL detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Apple's stock split before market open on monday, august 31st 2020. The firm's share price is now . APPLE STOCK FORECAST FOR TOMORROW, WEEK, MONTH. If Apple can end its FY 2020 with EPS of $13. You must own Apple shares as of this date to be. Now, a few words about Apple stock. To make up for their iPhone losses, Apple now focuses on …. What is GOOGL's Earnings Per Share (EPS) forecast for 2022-2024? (NASDAQ: GOOGL) Alphabet (Google)'s current Earnings Per Share (EPS) is $113. 07 ahead of earnings (and the split announcement), but the shares popped to $424. 95001696588 USD for 2023 February 15, Wednesday; and 747. The successful prediction of Apple's future price could yield a significant profit. Apple stock price as been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. This Apple stock predictions for 2020 article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First. However, in 2020, Apple believes that they’ll be back on top. Since then, AAPL stock has increased by 153. ) Below section compares how Apple Inc (AAPL) has performed compared to other Large-cap stocks in general. According to Seeking Alpha's Wall Street Analysts Ratings, the average price target for AAPL stock is $169. Sustainable Impact Investing is gaining traction with the global investment community. Buy Apple Stock, Analyst Says, Despite Recent. Summary: I made a buy recommendation for AAPL last November when it was trading below $265. Discover historical prices for AAPL stock on Yahoo Finance. Apple and Tesla's share splits applied to shareholders of record on Aug. Apple (AAPL) stock price prediction is 259. Analysts have raised revenue forecasts for 2020 to $80. stock exchanges at the end of 2020 was approximately $32 trillion, representing 41% of. The stock surged over 86% to hit $293. At recent share prices, Apple’s current market valuation has reached an astounding $2 trillion! That sounds like the value of an entire country, not one company. The anticipation is for a big chunk of Apple’s global fanbase to upgrade to the new 5G-enabled. Positive dynamics for Apple shares will prevail with possible volatility of 3. The company last split its stock in August 2020. Back in August 2018 - just after Apple crossed the $200 threshold - you predicted the stock would eclipse the $300-a-share plateau by 2020. Apple (AAPL) stock forecast for 2022. The best companies to invest in tend to be those that can display upwards momentum over the long term. Android phone vendors are hurting themselves with their pricing war. 2 trillion, the technology giant's stock has surged 70%. said Thursday that it will enact a 4-for-1 stock split, essentially giving investors three more shares for every one they own. Apple has been hit very hard in 2018, thus regaining the throne in 2019 seems like an impossible mission. Boom or bust? 2020 Apple stock price predictions are all. Amazon price started in 2022 at $3,334. In Nov 2022, a bearish trend is predicted for the Apple …. Meanwhile, the investing gurus over at Goldman Sachs. 6 % based on the past 5 years of stock performance. Apple attributed the nullified forecast to a near-term hit to global iPhone supply and weaker demand in China. Wedbush's Daniel Ives recently increased his Apple stock price forecast from $515 to $600, citing an upcoming. Apple stock forecast: The road ahead. Last quarter, Apple's services business grew 16. You are going to see a comprehensive report on Apple Inc (AAPL) stock's return on investment. Apple Stock Price - Technical Analysis. Apple stock has given annualised returns of 32% in the past 10 years. AAPL : Apple stock forecast, predictions, and share price target for 2022, 2023 (1 year) to 2025 - 2027 (5 year) to 2030, and 2032 (10 year) with Revenue . Their forecasts range from $155. " The 12-month stock price forecast is 197. Apple annual total common and preferred stock dividends paid for 2020 were $-14. Learn how to trade stocks and Forex trading using supply and demand imbalanc. The net income for 2020 was $57. The implication? Buy AAPL stock today. The average price target is $193. NVDA : NVIDIA stock forecast by Wall Street Analysts. Stock splits have little economic consequence. For Apple stock forecast for 2022, 9 predictions are offered for each month of 2022 with average Apple stock forecast of $179. ; Square Inc has risen higher in 4 of those 5 years over the subsequent 52 week period, corresponding to a historical accuracy of 80 % ; Is Square Inc Stock Undervalued? The current Square Inc  share price is $146. Apple is still trading on the high end of its historical range, at 30. Apple stock price forecast for the month, 2020, 2021, 2022. The Motley Fool has a disclosure. The significant gains come despite the stock falling more than 20% from its peak. The average price for the period is 7. The spread of COVID-19 had a negative impact on all industries including food & beverages. With Ford, this has undoubtedly been the case since March 2020, when the stock price hit a low of $3. Apple stock price rallied 80% in 2020, accelerating the five-year gains to 388%. The Dow Jones Industrial Average, S&P 500 and Nasdaq composite hit record high after record high in late 2019. 5% above the current share price. The company will effectively increase the number of shares in circulation by dividing existing shares into four. Apple stock forecasts are adjusted once a day based on the closing price of the previous trading day. In February 2020, prior to the pandemic-driven market rout, Apple's stock traded at $82 and the earnings estimate for 2020 was $3. ) And just on New Year’s Day 2020, App Store revenue totaled $386. The Apple 52-week low stock price is 118. 1 billion for the fiscal year 2020 and $14. Tesla Stock Forecast 2022, 2023, 2024. "end_date":"2020-02-09T06:00:00. 8 billion, an increase of 9 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $4. Apple Stock Predictions for 2020. 1D 5D 1M 3M 6M YTD 1Y 3Y All Range Dropdown. 50-a-share earnings on revenue of $76 billion for 2022, compared with Wall Street's $3. Apple stock price stood at $175. Wedbush predicted Apple sold 90 million in 2020, and believes it will sell 115 million in 2021. As of 2022 March 29, Tuesday current price of FB stock is 223. Munster's forecast implies a 37% gain from the year's close. 79, so the price decreased by -5% from the beginning of the year. At the end of October 2020, Apple announced financial results for its fiscal 2020 fourth quarter. In 2019, Apple sold nearly 60 million pairs. Apple annual revenue for 2020 was $274. Apple's current gross margin has significantly improved from 38% in 2020. The Motley Fool owns shares of and recommends Apple. Just type "Apple stock predictions 2020" into Google and see what comes up. Apple Stock Will Repeat as Top FAANG in 2020, Says Bull Who Called 2019 One year ago, Loup Ventures founder Gene Munster and his colleagues laid out a set of tech predictions for 2019. Apple on Thursday announced that its quarterly earnings call for the fourth fiscal quarter of 2020 will be held on Oct. The run-up in the iPhone maker’s share price has outpaced the predictions of even preternaturally bullish sell-side analysts. Save In this post, we will build a LSTM Model to forecast Apple Stock Prices, using Tensorflow! Stock Prices Prediction is a very interesting area of Machine. Apple's stock dips and Verizon's recovers during iPhone. Investor Relations > Stock Price. Its share price gained momentum during the second quarter while strong financial performances helped sustain those gains rest of the year. Despite beginning the year with a market valuation of more than $1. Investors will be issued four new shares for every one they currently own. Apple’s wearables, which include the Apple Watch and mega-popular AirPods, rose 16. The 36 analysts offering 12-month price forecasts for Apple Inc have a median target of 193. , and has now gained 10 days in a row. In Nov 2022, a bearish trend is predicted for the Tesla Motors, Inc. Intel's 'absurdly bullish' long-term forecast sends stock to lowest point since 2020 A forecast of $3. Many investors turn to CNBC for daily updates on the companies they're watching. It's easy and safe to back up your Mac. The global apple cider vinegar market size was USD 561. As of 2022 March 29, Tuesday current price of AAPL stock is 177. has been adjusted for a 2 for 1 stock split. The maximum value of quotes: 824. The previous Apple Inc dividend was 22c and it went ex 2 months ago and it was paid 1 month ago. 420 USD for 2027 February 15, Monday with technical analysis. The price has risen in 6 of the last 10 days and is up by 8. Apple's Q3 2020 revenue hits record $59. The markets assign Tesla $280,000 in market cap per car produced vs. More Stock Forecasts Tesla stock predictions for August 2023. Today, Amazon traded at $3,152. Investor Relations > Dividend History. 2022/03/28 Apple Stock Price Forecast. Use charts to review how Apple's sales are split by region globally and how these regions have been impacted by. The shares soared to nearly $328 before. The automaker's 5-for-1 stock split dropped the share price from $2,213 to $444—and the share price rose nearly 13% to about $498 per share after the division. The run-up in the iPhone maker's share price has outpaced the predictions of even preternaturally bullish sell-side analysts. Apple Stock Forecast Today Review at stock. The all-time high Apple stock closing price was 182. 1:38 PM PST • February 17, 2020. 8 per cent to $515, with a median estimate indicating there will be a 4. 89% from the current GOOGL share price of $2,850. The Apple stock price has reached a new all-time high above $460 before the split. Apple stock forecast for 2025 Apple has a history of making products that people love including the iPod, iPhone, iPad, Apple Watch, and more. 43 on Monday, and traded as high as $515. 4% increase AAPL shares have seen across all of the company’s. Much has been made of the major near term catalyst for Apple (AAPL) -- the iPhone 12 supercycle. The Apple 52-week high stock price is 182. Read on for 15 things to know about the U. According to the latest long-term forecast, Apple price will hit $200 by the middle of 2023 and then $250 by the middle of 2024. 2020-02-18T15:42:00Z The stock tumble saw as much as $45 billion erased from. 37% more than the trading day before Thursday, 24th Mar 2022. What Apple's 4-for-1 Stock Split Means. Apple Stock Price – Technical Analysis. 6 million units of the Apple Watch in the first quarter of 2020, seeing year-on-year growth of 22. Over the next 52 weeks, Apple Inc has on average historically risen by 35. 3 to 5 years is a preferred term of investing for some. August 31, 2020 By Thomas Yeung, CFA, InvestorPlace Markets Analyst Aug 31, 2020, 3:42 pm EDT August 31, 2020 Apple (NASDAQ: AAPL ) stock notched another 30% gain this month after announcing a 4. Real time Apple (AAPL) stock price quote, stock graph, news & analysis. 2 trillion this year, while valuations are also standing at record levels. Going long on AAPL while it trades below $265 is a judicious bet. Get stock market quotes, personal finance advice, company news and more. Apple's revenues are in for the fiscal third quarter of 2020, and the company is succeeding despite widespread economic uncertainty. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 3. 16 for 2022, with the lowest EPS. Apple Stock Forecast 2022: The Stock has risen 7% in the last 5 days; Stock Forecast for 2022: $207 (Last 3 Publicly available forecasts) . The iPhone giant’s shares have soared over 100% in the last 12 months. Today 200 Day Moving Average is the support level (155. As you can see below, the stock fell or remained flat in eight of the last 13 events in the 24 hours after the reveal. On average, they expect Apple's share price to . (A Large-cap stock has a market valuation of Over $10 billion USD. Two years later, in August 2020, Apple achieved the milestone of being the first company to have a market capitalisation of $2 trillion. analyst ratings, historical stock prices, earnings estimates & actuals. Tesla stock struggled in the early part of this year but has been on a run since the company announced it received German government approval to deliver the first cars built at its new factory. Read Apple's forecast for the rest of 2021. The average NVIDIA stock forecast from last 6 month is $335. What Will Drive Apple Stock in 2021?. Apple Stock Forecast Today Review. Minimum prices are forecasted at the level of: 5. 12% increase from the past average forecast of $241. 7 billion and earnings per diluted share of $2. This is Apple's fifth stock split since going public. Given it's an election year it's likely the administration will do what it can to keep the decade-long bull run going, said. Stock splits have become rare on Wall Street in recent years, with just three S&P 500 members announcing splits in 2020, compared to an average of ten a year over the past decade, according to S&P. 4% increase AAPL shares have seen across all of the company's. 37% on the last trading day (Friday, 25th Mar 2022), rising from $174. Dow Jones Forecast: Apple Stock Split Prompts Major DJIA Changes. After a stellar 2019, investors look ahead to 2020 for stock picks. Tesla stock price predictions for July 2023. Published Mon, Aug 31 2020 8:17 AM EDT Updated Mon, Aug 31 2020 5:59 PM EDT. Tesla Stock Forecast 2022, 2023, 2024. Apple's stock was trading at $68. It would also be a new record high for the. Maximum value 285, while minimum 253. AAPL updated stock price target summary. View real-time stock prices and stock quotes for a full financial overview. What to expect from Apple's Q4 2020 earnings report stock analysts have tried to forecast how well Apple will do during the quarter. 's (AAPL) stock has soared in 2020, defying all the odds. Apple Stock Forecast 03-26-2022. Apple Stock Predictions For 2020: 3 Reasons To Still Go. On average, analysts forecast that GOOGL's EPS will be $117. Also, this average forecast of $335. However, Apple's meteoric rise is attracting a fair amount of pessimists leading into 2021. The company has been moving aggressively to expand the. The forecast for beginning of September 198. The rise from today to year-end: +4%. 50, its stock could trade as high as $310. Apple stock has rallied close to 16% on a year-to-date basis, with a strong uptrend momentum in recent weeks. We have compared the closing prices of Apple Inc (AAPL) against the Dow Jones Large Cap (DWL) index. Apple annual total common and preferred stock dividends paid for 2019 were $-14. 20 stocks to buy in 2020: Apple, Amazon and Disney are among favorites of Wall Street pros. Its five-year AAPL stock forecast to March 2027, meanwhile, saw it at $382. The average price for the period is 162. In May 2022, a bearish trend is predicted for the Apple Stocks. The Dow Jones Industrial Average is set to undergo a major change before next week after a 4-for-1 Apple stock split necessitated. Apple stock has split 5 times during its history as a public company. *The 2005 ending price for Apple, Inc. Apple is also viewed favorably on Wall Street with more than 80% of analysts issuing a buy rating on the stock. You can do profit taking now or add more Apple shares.


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A BRITISH company has developed an electric car that can be fully charged in less than six minutes - a new record in automotive electrification.
Nyobolt, the Cambridge-based developer of pioneering ultra-fast-charging batteries, is showing how its advanced battery technology can transform electric vehicles with the unveiling of a concept car created by Callum, the company set up by former Jaguar design guru Ian Callum.
With a range of more than 150 miles and a weight of just over a tonne, the Nyobolt EV can be charged twice as quickly as the fastest charging cars on the road today.
The Nyobolt battery technology is smaller and lighter than conventional systems and has been tested its batteries for over 2,000 fast charge cycles without significant performance loss.
The set up will go into production in early 2024 and Nyobolt says it unlocks the ‘holy grail' of EV development through a proven six-minute charge lithium-ion technology that is capable of immediate application and rapid scale-up.
Sai Shivareddy, Nyobolt chief executive, said: "Unlocking the challenges faced by electric vehicle designers has been key to the development of our breakthrough fast-charging batteries.
"Previously, enabling a light weight fast-charging vehicle was not possible without compromising its lifetime and so people have been relying on costly and large battery packs in the vehicle. With our unique technology we have achieved a six-minute charge car, and developed smaller battery packs that can deliver more power andcharge in less time."

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Watch:Trump calls Bitcoin a ‘scam against the dollar’ that needs to be ‘very high regulated’
Cryptocurrencies continue a bout of volatility as they plunged on Tuesday morning, after former US president Donald Trump said bitcoin was a "scam".
“Bitcoin, it just seems like a scam,” he told Fox Business. “I don’t like it because it’s another currency competing against the dollar… I want the dollar to be the currency of the world. That’s what I’ve always said.”
In 2019 when he was president, he had said he was “not a fan” of cryptocurrencies.
In a tweet, he had said at the time cryptos “facilitate unlawful behaviour, including drug trade and other illegal activity”.
Trump's comments "do seem to have affected sentiment in the short term, but looking even slightly further ahead they're likely to be forgotten," Michael Stark, research analyst at trading platform Exness told Yahoo Finance.
"The former president's claim that bitcoin is 'another currency competing against the dollar' in particular reflects a lack of understanding given that bitcoin is seldom used as a currency but a hedge against inflation and a store of value," he said.
"The key factor affecting crypto markets still seems to be whales' activity around important supports."
Meanwhile, Simon Peters, analyst at multi-asset investment platform eToro, said: "Ironically, his statement gives credence to crypto’s existence, by calling it out as a threat to the dominance of the US dollar."
By Tuesday afternoon, bitcoin (BTC-USD) was down roughly 9%, to trade at $33,080 ($23,381). It's "nudging towards half the record price reached in mid-April of above $63,000," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
Ethereum (ETH-USD) — the world's second largest crypto by market cap — fell about 10% and was trading at $2,522. Meme-inspired dogecoin (DOGE-USD) plunged 11% to trade at $0.33 although its mainstream acceptance continues: fintech Revolut said its users can trade the joke token on its app.
Trump's comments weren't the only thing pulling down cryptos. Coindesk noted: "Bitcoin’s price has fallen to its lowest point in over a week as traders stare down prospects of shifting US monetary policy and continued tightening of regulation of cryptocurrencies in China."
Cryptocurrencies had a turbulent weekend following reports Chinese social media site Weibo suspended "key opinion leaders" (KOL), reigniting fears of further crack down in the country.
Further action from the country is expected which would link crypto more directly with criminal law, the Guardian reported, citing analysts and a financial regulator.
Bitcoin is flagging "despite the fact that El Salvador has become the world’s first country where bitcoin has officially received the reputation of a legal tender," said Naeem Aslam, chief market analyst at Ava Trade.
"Bitcoin price is falling out of love once again and it seems like that bulls are losing more grounds," he said, adding that "traders need to keep their eyes on the 30 minute time frame... because on this time frame, we are likely to see the bullish signs emerging first".
He also said that "the relative strength index is way oversold and this means that the bitcoin price is likely to see some bounce back in its price very soon."
Streeter said that "although it’s clear that cryptocurrencies in some form will find a place at the table in the financial system, given the interest by large companies and governments, it’s very unclear which of the thousands of cryptocurrencies will retain their value in the future and what role they will play."
"Given speculating in crypto assets remains such a high-risk strategy, traders should only commit money they can afford to lose.’’
Watch: What are the risks of investing in cryptocurrency?


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Paul Rose is chief executive of Rixonway Kitchens, a kitchen manufacturer supplying mostly to the social housing sector that, with 450 employees at its factory in Dewsbury, is one of the largest private sector employees in Kirklees.
He was also winner of the manufacturing category at this year Ernst & Young Entrepreneur of the Year Awards for the North and Midlands.
And when you see what he has done to the company it is not hard to see why.
Since he took over control in a £27m management buyout backed by August Equity, he has helped increase its turnover from £16m to £30m – even through a time when the continuing economic uncertainty and the threat of cuts in public sector funding have caused many competitors to stutter.
In fact, his old company Moores, which he left to join Rixonway as sales director in 1992, has seen its turnover more than halve in that time. Back in 2006 a number of people were shocked at the amount August was prepared to take on the company.
Even Rose himself admits it was a “frothy” time – a period that continued into the next year when his friend Terry Bramall’s social housing company Keepmoat was sold for just under £800m in one of the largest private equity deals the UK has seen. “We were quite extensively leveraged,” he says, “but the one thing this business is good at is generating cash.” So, while the wheels came off the Keepmoat deal pretty speedily following the demise of its backer HBOs – even if, as Rose himself says, it was “a good deal for Terry, and couldn’t have happened to a nicer guy” – Rixonway’s backers must surely remain contented.
And yet the secret to his success lies in no great technology, he says – except for the fact that by sticking to rigid construction, Rixonway has kept itself away from losing any potential competitors in the Far East, as they manufacture exclusively for flatpack distribution.
Nor is there any revolutionary material involved in the production. “This isn’t rocket science,” he says. “It’s fairly simplistic manufacturing. Unless someone comes up with a fantastic new material, we will be making our kitchens out of chipboard for ever and a day.” In fact, he clearly believes too much is made of how you can become successful at business.
“People tend to make business complicated, and it really isn’t that complicated,” he says. “It’s a case of looking at your cash coming in, looking that your suppliers are being paid going out, and generating sales. There’s nothing complicated about that.” In fact, his company’s success is probably down to three things. The first is incredibly lean manufacturing. The Dewsbury factory may be 177,000sq ft, but it is incredibly streamlined. It is essentially split into three sections – machine shop, assembly, and despatch, with finished cabinets taken straight off the shopfloor into backed-up lorries at the end.
But walking around the factory floor, what you notice, apart from the absence of sawdust (most of which is sucked out by ducts to be used later by Yorskhire Water) is the relative absence of stock left lying about. There is a reason for that; by the time the product has reached the assembly stage, it is already organised according to where it is going to be delivered to, and which route it will take to get to that destination. “We produce 1,000 kitchens a week, but we don’t store much here,” says Rose. “We order panels on a weekly basis and bring them in. As a result, hardly any of our capital is tied up in stock.” That clearly means that, for example, the factory can be insured for less than you would expect for such a sizeable establishment. But it keeps suppliers happy too. “We have a select number of suppliers that we use all the time,” says Rose.
“They like dealing with Rixonway because they like the consistency in volumes they get from us.” The second ingredient to success is that old adage of customer service. Rose says the way to get ahead in a fairly convetional industry like his is to “look constantly for differentiators in your business” and focusing on customer service is one sure way to do that. “Where can you add value?” he says.
“I bang on to people about no matter what you buy in life, you want a decent experience. You want to feel that you are a customer, and you want to get what you want delivered in the way you want and the price is right.
“Our market is complicated in that you have lots of people making decisions. There are often three or four different customers. In some cases it is the client and the resident you are dealing with, although discussions can include the contractor, sub-contractor and even the procurement consultant. But they all want the same thing essentially, which is for you to deliver a kitchen on time, in full.” This provides opportunities for a fast-moving company like Rixonway. “We are constantly looking for ways to improve service and take away the heat from customers,” he says.
“If you say, ‘I can deliver in three to four weeks’ but actually deliver in five, that is a problem. “On top of that, more and more of the sites we deal with at the moment have little storage, so if you can deliver in smaller batches but more quickly it stops everyone thinking about how to store it. So we focus on having a short lead-time, delivering on time, and being flexible. “For sites in London, for example, where there really is virtually no space for storage, we deliver every couple of days, although perhaps there is a price the customer has to pay for that.
"We will, after all, have introduced a lot of IT infrastructure to make such deliveries possible.” Which brings us onto the third point in Rixonway’s favour. By engaging with the customer in such a way, by including IT infrastructure in what they offer, the company can do more to ensure that the customer will find it harder to look elsewhere.
“We have programs that run for three, four or five years where people are locked in,” says Rose. At the same time, he says, he runs a very “structured” business where “everybody is on the bus going the same direction”, particularly when it comes to getting through the various hoops and hurdles that most public sector clients insist tendering companies need to jump through first before they are offered any work.
“Our staff understand that to put a good PQQ in place you have to have all these things in line,” he says. “You need the audit trail, the environmental stuff, and your policy on diversity. All that is already in place with us and is part of structure of business. But it is a big barrier to entry for others. Small business would find it difficult to get in on the market now, whereas in early 1990s the barriers weren’t as great. Now they are, there is much more process required.”
As someone who came into what was a relatively small business back then, does he not think this new situation is unfair? After all, just because the company has a diversity policy doesn’t necessarily mean it has a particularly diverse workforce. Rose says they are still having discussions about how to attract more ethnic minority workers when they advertise in the local Jobcentre.
All that matters for the client organisation is that such policies are in place.
But small companies would usually not have the resources to put such policies together.
“Is it unfair?” says Rose.
“If you look at it from the customer’s side, you are now getting more consistency of quality as a result of some of these new challenges. But I am not saying small businesses can’t do it. If they have a will they can, but they’ve got to put the finance in. I suppose that is unfair, but it is down to the individual company to show that they can achieve this objective or that they are working towards it. A lot of this is Government-fuelled anyway, and is out of our control.” Rose says the company hasn’t as yet been particularly affected by any cuts in public sector funding. Even so, and even though he says it is “better to do what you know and do that better”, he is looking to broaden out its customer base.
In recent years, the company has once again started selling to the private sector through independent merchants such as MKM.
“That business has gone from a soft standing to having a turnover of £5m in two-and-a-half years with independent merchants,” he says.
“We are providing the same product to a different market where independent merchants previously didn’t have a rigid construction offer. When I joined the company in 1992 it was split 50/50 between private and social housing. But as private development got more complicated, it became complicated for Rixonway to handle, so we focused on social housing, and that paid dividends through the recession of the early 1990s.
“One thing about social housing is that you do get paid. In the 1990s, payment was less secure in private development. At one point we were pretty much 99% into social housing, but after the buyout, it was clear you couldn’t do that forever. So I appointed a sales director whose background had been in the independent sector.”
That is perhaps one other aspect of Rose’s character which has served him well. He says he has an ability to weigh up people very quickly.
“The first year after a leveraged buyout is always very tough,” he says. “Once you are in with private equity, the requirements of reporting are much greater.”
A further sign of Rose’s toughness happened while the MBO deal itself was going through – his then eight-year-old daughter had a brain haemorrhage and while the lawyers were busy dotting the Is and crossing the Ts, Rose, in his words, was “living at the LGI”.
“We really didn’t know what would be left with our daughter, although thankfully now she is much better,” he says.
“One day during that time I met someone coming back on the train from London and they said: ‘I don’t know how you have done this.’ I said: ’I am not sure how I have done it.’ “In the end, she had a brain haemorrhage on April 19, and we completed deal on May 26. It was a really trying period, but I have always been a believer in dealing with whatever life throws at you.”
Given all that, it is surprising how modest he is about his and the company’s achievements. When you win the regional award at the Ernst & Young Awards you go on to a national final.
Rose didn’t win there, but he says he wasn’t expecting to. “We are not in a sophisticated sector,” he says. “But to make the final was fantastic.”
Sophistication, however, doesn’t always mean success, and that, at least, is something Rixonway certainly has achieved.
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NINE IN TEN ARCHITECTS said they considered third-party credentials to be ‘essential’ for safety-critical products.
This is against the finding that almost half (43%) of construction professionals say it isn’t easy to find details about the safety performance and sustainability of building products, according to a study by specification and construction product information platform, NBS.
The findings are part of NBS’ ‘What Specifiers Want Report’ – which focuses on how building product manufacturers can make the most of their product data.
Notably, NBS’ research team also found that 86% of specifiers consider Environmental Product Declarations (EPDs) to be an important aspect of their decision-making process.
The research shows there is still some way to go towards industry-wide adoption of carbon reduction measures. Just 1 in 7 (14%) specifiers said they choose the most sustainable product on every specification. Similarly, nearly half (45%) said that while they try to choose the greenest option, they can be swayed by cheaper alternatives.
Somewhat encouraging is the result that less than 1 in 10 (7%) of specifiers fail to consider sustainability at all.
These findings imply that to enable specifiers to identify the most sustainable building products, manufacturers need to supply comprehensive detail about their ranges. While some manufacturers are not doing this, anecdotally, those who do are reporting an increase in demand for both data requests and specifications.
Ben Hancock, Managing Director of Oscar Acoustics, said: “Over the past year, more architects have asked us about our environmental credentials, they’ve told us that their clients want sustainable builds and so are looking to make greener choices at every step. We’re getting direct approaches from specifiers, as well as seeing a significant increase in digital downloads from NBS Source for our sustainable and product performance certifications. Also, once architects know we have sustainable certifications, we see repeat business which I’m confident is partially due to the environmental benefits of our products.”
Harpreti Dhaliwal, Technical Advisor, EPR Architects, said: “Increasingly projects require us to meet sustainable standards such as WELL or BREAM, and we need to be able to find and compare EPDS. While an EPD isn’t itself a marker of meeting an environmental standard, it does allow us to directly compare data about construction products.”
“Those manufacturers who provide structured data in a standardised format are making it easier for specifiers and thus increasing the likelihood of specification.”
Product substitution is commonplace and 8 in 10 (81%) specifiers see products substituted, resulting in plans deviating from the original specification.
Certification allows specifiers and project teams to compare the credentials of building products, even if they are impacted by ‘specification breaking’, helping them to make informed sustainable decisions.
With increased scrutiny of architects’ design decisions on structural and fire safety, third-party credentials also have a role in safety.
Russell Haworth, CEO of NBS
Russell Haworth, CEO of NBS, said: “Architects and other specifiers have made it clear, they need to see verifiable, third-party credentials on technical information for building products. The manufacturers able to provide this data are leading the way from a safety and environmental perspective, and are more likely to get specified. I expect these findings will lead to further manufacturers investing in certification and this will help to ensure compliance across the construction industry, maintaining a ‘golden thread’ of data on design decisions for structural and fire safety.
“Architects recognise the importance of verifying safety-critical and carbon information for projects, this is a significant step in the right direction for accountability across the building supply chain.”
The post Nine in Ten Architects Want Building Products Certification appeared first on Roofing Today.


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Two weeks ago a leak, which came all the way from FCC, suggested that a device with the model number SM-J720F could be in works. According to the previous reports, the device is most certainly the rumoured mid-range Samsung device Galaxy J7 Duo. The model number of the yesteryear’s Galaxy J7 (SM-J730F) is different from the alleged Galaxy J7 Duo, which is expected to be a mid-ranger and will be positioned between the Galaxy J7 (2017) and the Galaxy J7 Pro.
A user manual for the SM-J720F was uploaded on Samsung’s website which revealed quite a bit about the device including the part where it suggests the presence of a dual-camera setup, which shouldn’t come as a surprise since it’s more of a necessity now. The Galaxy J7+ was launched earlier in some of the Asian markets and if the alleged Galaxy J7 Duo shares some similarities with it then we can expect the cameras to sport a 13-megapixel and a 5-megapixel sensor with some unique features including live focus mode.
The Galaxy J7 Duo might be powered by a lower clocked version of the Exynos 7884. The manual hints at a removable yet decent battery. It is hard for companies to include removable batteries at this time when non-removable batteries have been well accepted by the audience. More rumours suggest that the device might sport a 5.5-inch 720p display, although, it’s not yet confirmed whether the device will sport a bezel-less design like other smartphones of this age but it’s highly unlikely.
The device will most probably be powered by the Exynos 7884 which will be coupled along with 3GB/4GB of RAM. The front camera is expected to be an 8-megapixel shooter with a front facing flash. A fingerprint sensor is expected to be placed at the front unless we see a bezel-less model which will make it shift towards the rear just like on the Galaxy S9. The Galaxy J7 Duo will most probably run on Android 8.0 Oreo out of the box.
Surprisingly, the manual shows a new addition to the Galaxy J7 Duo which is regarding Bixby-enabled features. The device will be the first ever mid-range device form the company to feature Bixby smart voice assistant. The leaked images do not show a physical button for Bixby and hence it shall feature only Bixby Home and Bixby Reminder.


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General Motors announced today that it will make more production cuts and layoffs due to a continuing decrease demand in the North American market. GM said that it it will cut a shift at its Delta Township and Lordstown plant, a move that will affect about 2,000 workers. According to GM spokesman Chris Lee, GM will also temporarily idle production at 10 other plants in North America.
GM said that it will lay off 1,200 workers at its Delta Township near Lansing and 800 workers at the company’s plant in Lordstown. The Delta Township plant makes the Buick Enclave, GMC Acadia and Saturn Outlook. Lordstown is responsible for the Chevrolet Cobalt and Pontiac G5.
The new round of cuts and layoffs comes more than a month after GM announced production cuts including temporary closure of 20 plants across the U.S. Those cuts it about 20 assembly pants in the U.S. meaning and total of 250,00 fewer vehicles are being produced this quarter.
Source: Detroit News


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Jon is also the founder of the Cheap Stocks Web site, a site dedicated to deep-value investing. He has an undergraduate degree from Grove City College and an MBA from Rider University, where he has also served on the adjunct faculty; he is also a CFA charter holder, and certified financial planner ™ practitioner.
Recent Articles By The Author
September's wave of buying in value stocks likely helped lift some of the 12 companies that are part of the 2018 Tax-Loss Selling Recovery Portfolio.
A visit to a Walmart store does not reveal an all-out run on ammunition, but gun owners are steadily draining the shelves of various calibers of ammo.
While intrigued by the situation, I won't go beyond putting the name on my watch list for now.
Shares of the video game retailer have fallen mightily in recent years, but a handful of interesting developments could make the stock worth a gamble.
Shares of several retailers rode the coattails of Nordstrom and Dick's Sporting Goods on their favorable earnings releases Thursday, but Friday offers a mixed bag.
Apparel merchants as a group are seeing their stocks perform terribly so far in 2019, with only a handful in positive territory.
A visit to western Pennsylvania provides insight into how various retailers may be faring and also turns up a county fair controversy.


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Increasingly, processed food makers are including fewer ingredients in their products.
As many people become more health-conscious, they want to know what’s in the foods they’re eating. The Hershey Company launched the ‘Simply’ product line to cater to this desire. Hershey’s chocolate syrup is now available with only five ingredients instead of the usual eleven. New Tostito’s tortilla chips contain only three ingredients: corn, sunflower oil, and salt. Companies are rushing to eliminate preservatives and other chemicals that may scare off some consumers. General Mills and ConAgra Foods are both pursuing similar projects in their product lines.
Now, food makers are focusing on only including ingredients that consumers would be familiar with in their own kitchen. Pepsi removed the sweetener aspartame from their diet sodas last year, but will resume implementing it after they received complaints due to the flavor. Taste isn’t the only reason manufacturers include additional ingredients in processed foods. Products without preservatives are more likely to spoil sooner and many salad dressings have thickeners or binding agents to prevent them from coagulating.
Something else consumers should consider is that fewer ingredients doesn’t necessarily mean a product is any healthier. More salt and sugar often replace artificial flavors, so that the product will continue to appeal to consumers. Terms can also be misleading – there is nothing healthy about lard, but it can be both “natural” and “organic.” For consumers who are trying to be health conscious, it is important not just to look at the ingredient list, but also at the nutritional value of those ingredients.


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The geographical tag was recently awarded to Manipur’s most famous Hathei chilli and Tamenglong orange. Assam’s Judima rice wine may be the newest addition to the list.
Judima is a rice wine created from steamed sticky rice and spices. The wine is made by the state’s Dimasa tribe and has a characteristic sweet taste. It takes about a week to make and can be preserved for years.
According to sources, this is the second GI-tagged product from Karbi Anglong and Dima Hasao’s hill areas.
The Assam Agriculture University’s agricultural research division acted as a facilitator in the process of Judima receiving the GI tag, and AAU scientists Dr. Kishore Kumar Sharma, Dr. Gargi Sharma, and Dr. S Maibongsa, as well as Dr. Uttam Baithari, a professor at Gauhati University, were involved in the application and documentation of Judima.
Although it is a local traditional drink, locals wanted to brand it and secure its future preservation, so they created a group and filed for the GI tag.
A geographical indication, or GI, is a label that appears on items that have a specific geographical origin and that have properties or a reputation that are due to that provenance.


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N.C. Gun Stores Beat BATFE
In an all-too-rare court victory, a pair of North Carolina gun stores has defeated an attempt by the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE) to revoke the stores’ federal dealers’ licenses. The win came in a Sept. 16 opinion by Senior U.S. District Judge Malcolm J. Howard of the Eastern District of North Carolina.
The two stores, Jim’s Gun Jobbery in Fayetteville and Jim’s Pawn & Gun in Wilmington, are owned by the same family, and the Fayetteville store is the largest gun store in North Carolina. BATFE began revocation proceedings in 2004, even though a 2001 BATFE “warning letter” commended one of the stores for its “concerted effort to comply with the laws and regulations.”
After reviewing BATFE’s decision, Judge Howard found that record keeping errors by the stores “do not constitute the type of ‘conscious, intentional, deliberate, [and] voluntary’ actions that are deemed willful.” Since a dealer’s license can only be revoked for “willful” violations, the bureau “was without authority to revoke [the stores’] licenses.”
Since a dealer’s license can only be revoked for “willful” violations, the bureau “was without authority to revoke [the stores’] licenses.”
Attorney Richard E. Gardiner, who represented the two stores, commented, “We were pleased that Judge Howard took the time to understand that Congress meant what it said when it authorized license revocations only when violations of the regulations were willful and rejected BATFE’s argument that simply repeating a human error in a minuscule number of instances was enough to revoke a license.”
In fact, Judge Howard found that the stores’ efforts to improve their records showed “a conscious effort to comply with the [Gun Control Act].” The judge pointed to the stores’ employee training programs and operating procedures as evidence that these were law-abiding businesses. Storeowner James Faircloth noted, “As a small business, we have always worked diligently to comply with the complex regulations and requirements of the BATFE. It has always been, and remains, our top priority to ensure that we have complete and accurate firearms records. We believe these efforts were recognized by the judge and provided the foundation for his decision in our case.”
The case also sheds light on anti-gun groups’ favorite talking point about “missing guns.” For example, one anti-gun website called Jim’s a “rogue dealer” that had been “bleeding guns illegally for 10 years.”
But Judge Howard’s review told a different story. The judge noted that in BATFE’s 2004 inspection of the Fayetteville store, the agency found 230 “open dispositions” out of more than 129,000 guns acquired. While anti-gunners would spin these as “missing guns,” a closer review showed that 68 of the guns were actually still in the store. Most of the others had been mistakenly entered twice in the store’s acquisition records, sent to manufacturers for repair, returned to customers, or were otherwise properly accounted for.
Overall, in fact, the stores’ record keeping compared favorably to that of BATFE itself. The bureau reported 76 guns and 418 laptop computers missing in a recent audit by the Justice Department’s Office of Inspector General. The injustice of a troubled agency trying to hold dealers to a higher standard than it applies to itself only demonstrates the need to pass a comprehensive reform bill, such as H.R. 4900 in the current Congress (see “Time to Stop BATFE Abuses,” April 2008).


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Wait! Before you write that Yelp review, local chefs want you to know they're listening
We all know the feeling.
You're sitting in a restaurant staring at a plate of food you don't really like when a waiter comes up and asks how it tastes.
"Great!" you say because you don't want to have that conversation. But inside, you're wondering, "Should I have just told the truth?"
Yes, share your criticisms, local restaurant owners say. And please start in person instead of with an online review.
In this digital age, more people than ever are putting weight into recommendations made by friends and strangers on social media sites like Facebook and Yelp.
In fact, one 2017 study reported that 85 percent of consumers consider online reviews as trustworthy as personal recommendations.
So in a city teeming with independent restaurants, reviews can play a role in a business's success or failure. And owners want you to know they're listening.
At Red Herring Cocktail Lounge & Kitchen on Frankfort Ave., chef-owner Jacob Coronado said questions that arose through online reviews have changed the way the restaurant operates.
For instance, the restaurant has revised its menu to include larger items, and it's tweaked the way employees interact with customers who want to order at their tables instead of at the bar.
But like other local owners, Coronado said he prefers to speak with customers about questions or complaints as they're happening instead of addressing them later with an online review.
"I think everybody has a voice and we need to listen," Coronado said. "At the end of the day, I want you to be happy. ... But when there's that choice to tell the world instead of telling the actual one person that could fix it, that's difficult."
Within the past decade, online platforms like Facebook and Yelp have become a go-to source for insights on restaurants that diners have been meaning to try.
According to the 2017 Local Consumer Review Survey from digital company BrightLocal, 97 percent of consumers reported reading online reviews for local businesses, while 49 percent said they'd only try a business with a rating of four stars or higher.
National studies have linked increases in Yelp scores to increases in business, and a high Yelp rating can often act as a catalyst for independent businesses that are something of a hidden gem.
Louisville Yelp representative Emily Hagedorn said the review site is intended to act as a consensus for a business's performance, and it can drive more people to try local restaurants and retailers.
But she also understands that, for many owners, the negative reviews can stand out more than the positive.
"When I talk to businesses sometimes, it's their passion, they put their life into this, I understand it completely," Hagedorn said. Even if a restaurant has a ton of positive reviews, "it's that one bad review they can recite by memory."
Griffin Paulin, the chef-owner of Mirin, 2011 Frankfort Ave., said he no longer reads his restaurant's Yelp reviews for that reason.
Anyone can create a profile to trash a restaurant, Paulin said. And more often than not, issues aired in negative reviews could have been fixed during the visit.
"Most of the time, I'm legitimately upset if you had a bad experience," Paulin said. When customers choose to post a negative review instead of airing complaints in person, "I will be upset, because I take this very seriously. This is my livelihood."
Hagedorn encourages both diners and restaurant owners to take negative reviews with a grain of salt.
For instance, if a user posts nothing but 1-star reviews, their recommendations may not be credible.
However, Hagedorn also encourages restaurant owners to respond to criticism with an open mind.
"Yelp can be a great way for businesses and restaurants to join the conversation with customers," Hagedorn said. "... I don't think businesses should feel powerless. I think they should feel emboldened that they're getting information about what their customers are thinking."
Bailey Loosemore: 502-582-4646; email@example.com; Twitter: @bloosemore. Support strong local journalism by subscribing today: www.courier-journal.com/baileyl.


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Dao-Heuang Group, a leading coffee producer in Laos, is set to enter Thailand next year via a contract to grow coffee on a 1,000-rai plot of land in the North.
This move is part of the company’s plan to boost its production capacity to meet rising demands once the Asean Economic Community (AEC) is launched in 2015, the group’s vice president Boonheuang Litdang said at a press conference last week.
The group, which is a member of the Laos PDR Coffee Federation, will also partner up with the Singapore Coffee Federation and other similar associations to set up an Asean Coffee Federation in the next two months. This is part of a move to promote coffee products produced in Asean to the global market, Boonheuang added.
She went on to say that the group was also planning to invest Bt20 million on a coffee-roasting plant in Ubon Ratchathani’s Warin Chamrap district this year. This comes after the group recorded sale of coffee products worth US$20 million in Thailand last year.
The group is also planning to open its first shop called the Tea Room by Dao Coffee in May to boost its growth in the Thai coffee market with the aim of achieving sales worth $40 million by 2018.
Meanwhile, Dao-Heuang’s production base in Thailand should cover demand in the region and is part of the group’s plan to meet 20-30 per cent growth on a yearly basis, Boonheuang said.
Dao-Heuang’s aim is to double its revenue growth target from $160 million this year to $320 million by 2018. Up to 80 per cent of the group’s total revenue comes from its coffee business, and the rest from its other businesses such as duty free, hotel, retail and property business in Laos.
Of its total revenue in the coffee business, 80 per cent comes from export.
The company exports coffee to Japan, the United States, Europe, China, Vietnam, Myanmar and Cambodia.
Separately, the group is also planning to spend $3 million on a 10-hectare coffee-drying yard in Laos this year, after it spent $100 million to build a coffee plant there last year.


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A new startup that lets unemployed people sell their boats and then hire someone to operate them has raised $1.5 million in funding.
The Boatyard was founded by a group of former fishermen who said they were frustrated by the lack of experience they had in boat sales and the lack, at times, of job training.
In their vision, the company would let the unemployed sell their old boats, and then provide them with training, experience and the skills to operate their boats.
Its founder and CEO, David Bower, told Business Insider that he has been working with an employer in the US and UK that is interested in helping people sell boats and hire someone on a short-term basis.
“We had to have a vision for the future of boats,” Bower said.
Bower said that the company is trying to develop a system that allows people to sell their own boats and operate them, rather than having to be licensed to operate a boat.
He said that it is important for businesses to have experience with new technologies and a desire to do something new, because the business model for selling boats is changing.
“It used to be that you had to go out and rent a boat,” he said.
“Now you can sell your own boat, and it’s actually cheaper and easier to do.”
“It’s a great time to be a small business.”
Barry Johnson, who was an entrepreneur and investor in the tech startup Uber when it raised $40 million in 2012, said he was excited to be part of the company’s growth.
While Johnson said that he thought that the government’s emphasis on boat sales might be making things more expensive, he also believes that it would have a positive effect on the economy and the unemployed.
Johnson said that if people don’t want to sell a boat, there’s not a lot of options out there.
We’ve seen a lot in the last couple of years of government and industry focused on the idea that the unemployed are a workforce problem, he said, adding that people should be able to sell boats if they want to.
But Johnson said he’s worried about the effect that the introduction of a job-to-boat system will have on the jobs market.
“[It] could be the case that if the unemployed don’t have a job, they have nowhere else to go and that they’re going to be forced into boat sales,” he added.
It’s unclear how many people the Boatyard would target for its training program.
According to the company website, it offers up to four hours of hands-on training a week.
That program is free for those with a valid work permit, and Bower told Business Insiders that it’s a pilot program.
Bower hopes that the idea can grow beyond its initial scope.
At the end of the pilot, the group plans to roll out a more permanent version of the program.
He said that they plan to expand the program to other states in the coming months.
What’s your opinion on the future?
Let us know in the comments below.
This article was updated to add more information about the pilot program and additional comment from Barry Johnson.


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BOSTON, MA — September 15, 2015 — Despite the rise in online banking, consumers – particularly millennials – still require knowledgeable, personalized assistance when making banking decisions, according to new data from TimeTrade, the leading provider of online appointment scheduling. To achieve a better understanding of the behavior of banking customers, the company surveyed more than 1,000 U.S. consumers about their banking habits and perceptions. With 74% reporting they still visit banks at least five times a year, results suggest that banks have ample opportunity to cross-sell and up-sell, but improvements in in-branch service are critical.
The full State of Banking Report can be accessed here.
Key findings include:
- Consumers lack a personal connection to their banks, with 60% of respondents reporting that they don’t have a relationship with a local banking associate
- When asked why they abandon online banking forms, 56% of respondents report either wanting expertise from a live banker or not being sure of the right options
- A significant majority (83%) of banking consumers are willing to come into a branch during a weekday if offered a guaranteed time to meet a representative
- 10% more millennials need assistance making a buying decision than members of other age groups
- Millennials are 30% more likely to bank on their mobile devices than other groups; less than half of millennials favor banking in person (45%)
TimeTrade also polled 100 senior-level bank executives around their plans to improve customer service in-branch. Nearly half of executives (47%) felt their organization did an excellent job delivering a personalized customer experience. That said, there remains a focus on improving in-branch service. Specifically:
- 46% of executives reported that they’re considering branch modernization or redesign, while 45% are looking to implement cross-selling platforms
- Executives understand the importance of training associates to be customer advocates, with 64% listing it as a top priority for improving in-branch service
- 27% of executives are considering implementing appointment scheduling tools
- 37% of executives say their banks currently offer mobile payment options, with 54% planning to implement them within the next two years
Survey data suggests that banks must improve in-branch service across the board to better cater to today’s consumer. In particular, banks have an opportunity to capitalize on the growing wallet share of the maturing millennial demographic, a group soon to become the largest age group in the U.S. with the potential of becoming the highest earning generation to date. Doing this successfully, however, requires addressing some current disconnects. These include increasing mobile banking options and focusing on organized in-branch appointments to eliminate waiting, ensure accurate and effective in-branch service and deliver a personalized experience.
“Despite the recent rise in self-service banking, the average consumer still wants individual, in-person assistance to make intelligent and informed financial decisions,” said Gary Ambrosino, CEO of TimeTrade. “To succeed in the current landscape, banks must focus on converting a consumer’s digital-first touch into a highly personal in-branch visit.”
TimeTrade provides an appointment scheduling SaaS solution to consumer retail, retail banking, health & wellness, and higher education customers. PurchasePath™, TimeTrade’s appointment-centric customer experience solution, enables customers to convert digital first touch interactions into a high-value, in-person meeting. PurchasePath™ has driven more than 326 million connections between consumers and businesses, directly translating into more than $3 billion in commerce every year.


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Hyundai has announced that it has developed a new high-performance V6 Lambda RS (Rear wheel drive Sports) engine which will see its first application in the Genesis Coupe to be launched in Korea this month followed in spring 2009 by the North American market. Based on the current Lambda V6 engine that was first introduced in 2004, the RS edition features a series of modifications which have increased power to a maximum of 310 HP at 6,300rpm and peak torque to 36.8kg/m at 4700rpm.
Comparatively, the current 3.8L V6 Lambda in the Genesis Sedan produces an output of 290 HP. According to Hyundai, due to the lower hood line of the Genesis Coupe the company's engineers had to shave 5cm or about 2 inches off the height of the original Lambda engine design, something that inevitably led to a major redesign of the intake and exhaust system.
The 310HP 3.8-liter V6 Lambda RS engine will be offered with a choice of two transmissions, a six-speed automatic or a six-speed manual.


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A new study finds that less than 10% of CEOs even have a Twitter account.
Check out the hottest stories for Sept. 9, including the key to the femtocell market, the expected surge in mobile video ad spending, wearables as a standalone device, Twitter looks to directly monetize its feeds with a "Buy" button and the huge drop in upfront price for the Fire phone.
Joining the likes of Google, Firefox, Facebook and even Microsoft, Twitter is launching a bug bounty-program to reward researchers for finding and reporting vulnerabilities in its platform,
The top news stories for Sept. 22, 2014.
The echo chamber of the Web in the wake of Robin Williams' death has resounded with such an ugly noise that his daughter has shut it off.
Google just can't seem to get mobile advertising right.
Check out the hottest mobile IT news for July 1, including the feature Twitter has now extended to all of its advertisers, a ranking of the top mobile ad efforts, the latest round of Moven venture capital funding, the latest predictions for V2X communications and the new leader for MEMS sensors in automobiles.
While pizza chain Domino's was busy launching a new mobile app featuring a computer-generated voice called Dom, hackers breached Domino's outlets in Belgium and France and stole personal data on more than 600,000 customers, Reuters reports.
In a medium devised specifically to amplify the power of knee-jerk reactions, a software deficiency got trumpeted way out of proportion.
TweetDeck, a social media management tool for Twitter, was taken down on Wednesday for over an hour to fix a bug involving a cross-site scripting error, the Washington Post reports.


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With the gender pay gap, the fight for women’s equality and the #metoo movement in the spotlight, a conference for female powerhouses could not be more timely or topical. Cue the inaugural Women in Wellness Leadership Conference by American Spa magazine. Held on 6 March, two days before International Women’s Day, in New York, the event attracted 230 spa professionals from across the US and beyond.
Recharging and reinvention were the focus of three keynote sessions. “Many people who get into the spa business are looking for healing themselves,” said Emme, a model, TV personality and women’s advocate whose infectious zest and joie de vivre inspired women to be more accepting of themselves and others in relation to body image, self-esteem and overcoming negative thought.
Lesley Jane Seymour, former editor of women’s magazine More, spoke about the importance of reinvention and preparing for unexpected opportunities for change. Since leaving More in 2016, she’s set up the Covey Club – an on and offline hub for the 40-plus set. “Ageing isn’t a disease. It’s not something you can outrun or outsmart. It will happen to you,” she said. “After starting Covey Club, I’m learning that I don’t have to build consensus. And I’m still learning that I can try anything I want that’s new.” Seymour plans to launch spa retreats for her subscribers – something they’ve been very vocal about needing to incorporate into their lives.
Sallie Krawcheck, CEO and co-founder of women’s investment platform Ellevest addressed the need for women to create a financial future through smart investing and planning. The room was filled with laughter thanks to her unique style of storytelling, along with a not so funny anecdote about losing her life’s savings and job when the market crashed in 2008.
What the attendees say
Between keynotes, breakout sessions ran with topics ranging from brand building to embracing feminine traits. Dana Campbell, CEO of Optimize Corps, who led a session on transcending burnout said: “Taking control of our lives and careers is one of the best ways to improve our overall happiness and to make an impact in the world.”
Discussions were also held throughout lunch, with 24 tables focusing on different subjects. Sara Jones, editor of Spa & Wellness Mexicaribe, encouraged women to join the Global Wellness Institute’s Women in Leadership Initiative (see p20). Meanwhile, spa PR Debra Locker focused on how to manage toxic working environments and brand and wellness activist Joanna Roche hosted the topic of cultural sustainability and self-care.
Of the day, Michelle Gamble, VP global business development for the Global Wellness Summit, said: “It was an extraordinary event on so many levels – inspiration, information and connections with women I admire and respect. I’m already looking forward to next year!”
Fellow attendee Glenny Legendre, executive VP of sales and marketing for LaFlore Probiotic Skincare agreed. “I came to the conference to celebrate my years of friendships with women in the spa and wellness industry, get a little work in and make new friends,” she said. “My takeaways are threefold: to take control of my financial destiny; to commit to indie beauty as a vendor; and to create a partnership with a potential new spa partner for our brand that I met here at the conference.”
Not to be forgotten are the men who came to support Women in Wellness – several of whom were sponsors. Michael Pugliese, CEO of Circadia noted: “as a male owner of a skincare brand, I feel it’s incredibly important to support this event – unlike any of its kind – that focuses on the women of our industry.”
Empowerment and inspiration
Julie Keller Callaghan, editor in chief and publisher of American Spa, who’s behind the event said inspiration for it first came when she was inundated with more than 400 nominations for the magazine’s Women in Wellness Awards last year.
“I’ve been at American Spa for 14 years – what I love most about the industry are the women in it,” she said. “I’ve always been empowered and inspired by you. I wanted to put something positive in the universe.”
In her closing remarks Keller Callaghan added, “I hope that everyone left today with powerful tools to help them grow and evolve and be better leaders and better people and to spread the word of women empowerment and wellness.”
Join American Spa’s Women in Wellness Leadership Group on Facebook for ongoing updates and news about future conferences and events.


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14 May 2020
Dell has refreshed its XPS 13 and XPS 13 2-in-1 laptops with the new 11th-generation Intel Tiger Lake processors. These are upgraded versions of the XPS 13 models that arrived with 10th Gen Ice Lake processors earlier this year. Both the laptops are pretty much the same in terms of design but do feature improved specifications for increased pricing.
Both Dell XPS 13 and XPS 13 2-in-1 offer a choice between 11th Gen Intel Core i5 and Core i7 processors. There are new Intel Xe graphics that are said to be more powerful than previously available integrated graphics. The RAM capacity remains unchanged (up to 32GB) but the clock speed has been boosted to 4267 MHz from 3733 MHz. The new models also support Thunderbolt 4 standards.
The base model comes with a 1080p display panel but there is an option for a 4K touchscreen panel too. The high-end model offers 2TB of SSD storage but that will also increase the pricing significantly. Dell has even announced developer editions where the laptop will boot Ubuntu 20.04 LTS out of the box. The developer edition is essentially a Linux-powered variant with no changes to specs and other features.
With new upgrades, the Dell XPS 13 and XPS 13 2-in-1 will start at $999 and $1,249 respectively. Both of these will go on sale starting October 1st in North America and Canada. The team has not announced global pricing and availability details yet.


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Now this is interesting to hear. Is the long awaited Facebook Ad Network here?
Microsoft is divesting itself of another piece of the aQuantive assets it bought back in 2007, this time by selling its Atlas ad platform to Facebook.
Facebook is buying Microsoft’s Atlas ad-serving measurement platform, the two companies announced officially on February 28. They plan to invest in scaling the Atlas back-end measurement systems and enhancing its suite of tools for advertisers on both desktop and mobile devices, officials said.
“We’re focused on improving marketers’ ability to measure how well their ads perform and believe this acquisition will allow marketers greater ability to measure the ROI of their ads for all their digital media spend. Ultimately, Atlas’s powerful platform, combined with Facebook partners Nielsen and Datalogix, will help advertisers compare their Facebook campaigns to the rest of their ad spend across the web on desktop and mobile,” a Facebook spokesperson said.
Facebook may finally be on the verge of closing the elusive loop between its ads and ultimate sales that result from them in a way that to date no one but Google has done really well and on a huge scale.


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About 25% of all energy used in the world goes to transportation while in the US that share is even higher at 28%, and 92% of that energy comes from petroleum products. The industrial sector still uses more energy at about 31% – commercial at 18%, residential at 21% – but only transportation increased in usage last year as measured in trillion Btu.
Transportation is becoming a larger piece of the energy usage pie. Advances in fuel efficiency have been eclipsed by the gains in efficiency of appliances, lighting, HVAC systems, etc. For that reason, interest in electric and/or autonomous cars has skyrocketed, especially after the VW scandal created bad press for diesel engines. To meet tightening emissions regulations, many major car makers like BMW AG, GM, and Tesla are promising to put more electric cars in more diverse markets by 2020 – Volkswagen making electric cars a key part of its plan to recover from the cheating scandal – taking advantage of falling costs and technological advances in battery capacity and charging time. Although some such as Fiat Chrysler Automobiles CEO, Sergio Marchionne, have expressed skepticism of the current trend, many are optimistic that government policies will favor the cleaner cars. In addition, there are always new technologies pushing cars towards running on electricity as seen in the development of a retrofitting for older cars that turns them into hybrids.
It will be interesting to see how Tesla fairs in a more competitive environment. A surprisingly successful entrant into the brutal car maker industry, Tesla has lasted over ten years selling expensive, stylish electric cars direct to customers while benefiting from minimal direct competition from more established companies, most of which had already sidelined electric vehicles as unprofitable. In 2015, Tesla’s sales surpassed 50,000 cars; it hopes to sell 500,000 a year in 2020, mostly Model 3s costing $35,000 before government subsidies. It will be interesting to see if the company is capable of ramping up production so greatly in so short a time frame.
Another technology with the potential to send shockwaves through the transportation sector is autonomous vehicles. If electric cars would change the fuel used, then autonomous vehicles would change the usage. A long promised solution to traffic jams, parking, and transportation of the elderly, self-driving cars could reduce or increase driving depending on who you ask. Ideally, the cars would be more efficient drivers spending less time idling or searching for parking spots; they could be summoned like a taxi or shared, reducing the total number of cars needed; and they would allow those too old, or even too young, to drive greater mobility and independence. Of course, the biggest question is when are they going to be ready.
Autonomous vehicles have been the news so much lately because we are so close to seeing them hit the mass market. Google is the most visible participant in the race to develop a viable product, but plenty of other big names like General Motors and Chinese tech giant Baidu are throwing their hats into the ring. General Motors’ recent acquisition of software firm Cruise Automation as part of a larger effort to develop fully autonomous vehicles as well as its partnership with ride service Lyft show the company’s interest and the rising competitiveness in the field. Meanwhile, Baidu is claiming that it will be able to develop a commercially viable driverless car by 2018. Still other companies like Ford, Volkswagen and Toyota are funding artificial intelligence research in order to avoid being marginalized by Google and other tech companies.
“Like it or not, autonomous cars are coming, and coming fast,” said Akshay Anand, an analyst with the auto research firm Kelley Blue Book.
Patchwork state regulations might be the main speed-bump facing autonomous vehicle makers. This week, the Senate heard testimonies from Google, General Motors Co., and a number of other companies calling for uniform, national rules for the technology on the grounds that it help combat accidents in a time of widespread distracted driving and elderly drivers.
“If every state is left to go its own way without a unified approach, operating self-driving cars across state boundaries would be an unworkable situation,” Chris Urmson, director of self-driving cars at Google said. Different state laws will “significantly hinder safety innovation, interstate commerce, national competitiveness, and the eventual deployment of autonomous vehicles.”
Another witness, Mary Cummings of Duke University suggested a cautious approach requiring more research, testing, and leadership by the federal government.
“While I enthusiastically support the research, development, and testing of self-driving cars, as human limitations and the propensity for distraction are real threats on the road,” Cummings submitted in written testimony. “I am decidedly less optimistic about what I perceive to be a rush to field systems that are absolutely not ready for widespread deployment, and certainly not ready for humans to be completely taken out of the driver’s seat.”


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Cannabis tourism is geared up to make a comeback
The COVID era we are living through has left many of us depressed and anxious with a budding hope to travel. Could the cannabis tourism industry be the catalyst and leader to economic recovery for the world? The world of cannabis tourism and travel has been put on hold. However, vacation destinations that are proudly 420-friendly are now gearing up to make a budding comeback in the economy. Ideas are plentiful on how to kickstart cannabis tourism back into operation.
As more countries and states legalize cannabis, 420-friendly accommodations are in high demand. People have been in lock-down or a stay in place order, depending on where you reside, and it’s put restrictions on travelling. As a result, many countries are looking at cannabis tourism to help them return to a more economically secure future.
The first medical marijuana tours are ready to be launched in Southeast Asia. The Tourism, Sports, and Public Health ministries in Thailand are finalizing a draft program for the country’s plantations. The tour has a goal which is to help increase awareness of cannabis for medical needs by informing the public of the rules and regulations around the cannabis plant. As part of the cannabis tourism project, eight provinces with plantations could participate in the 420-friendly tour. The tour will focus on growing regulations and how farming cannabis can be a sustainable means of raising families.
Nevada is betting on a green comeback
Along with many different industries, the marijuana retail business is still recovering from the hardships inflicted by the pandemic. Nevada believes that the industry brings in around 685 million dollars per year. As an essential business, the doors remained open at these 420-friendly businesses. However, Nevada has still experienced hardships because cannabis tourism has suffered. Today the Nevada Dispensary Association is full of optimism as things become more positive, and cannabis tourism is re-opening with the virus better controlled.
Casinos in Nevada are looking ahead and project that the return of 100 capacity in their establishments will cement a full recovery for them. However, curbside sales have also been quite a success here. Optimism is spreading that Senate Bill 168 will see permanent curbside delivery and cannabis lounges for tourists who frequent the Nevada strip, which would become part of the cannabis tourism tours.
If snow-capped mountains and lush forests are what you have been missing during this lockdown, Juneau is ready for you to visit their 420-friendly breath-taking destination. The passing of public consumption laws has enabled visitors to consume weed indoors at specific locations. Alaska reminds all visitors to keep a safe distance while utilizing the new law and partaking.
Cannabis wellness tourism is gaining popularity as we look for the light at the end of the tunnel. A vacation to a 420-friendly destination where cannabis is legal, and you can enjoy your high while doing yoga, aromatherapy, or holistic therapies is just what the doctor ordered. Cannabis tourism is ready, and so are the consumers who are waiting for the post-COVID 420-friendly travel adventures to begin.


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Fonterra is facing an angry backlash from devastated Australian farmers, who say they are victims of "immoral" cuts to milk payouts.
The farmers are angry over big cuts by Fonterra's Australian counterpart that they say have piled on so much pressure that farmers are reporting at least five suicides in the past three weeks.
The backlash is fierce and intensifying in the $A2.4 billion dairy heartland of Victoria.
Fonterra is facing a possible lawsuit in Melbourne, an investigation by the Australian Competition and Consumer Commission into the timing and notice of the milk price cuts and grassroots anger at townhall meetings.
Ben Govett - who does not supply Fonterra but has friends who do - organised one last night in the Tongala public hall.
"We have no animosity towards New Zealand farmers, they are hurting at the moment, the milk price is hurting them, but it seems like Fonterra is robbing from Australia to help New Zealand," Mr Govett said.
After months of signalling prices would hold, large Australian co-operative Murray Goulburn unexpectedly cut its price in late April from $5.60 per kilo of milk solids to between $4.75 and $5. It sets the benchmark as the largest operator, so its main rival Fonterra was able to follow suit - though farmers said there was no reason to do so.
The cuts apply back to last July and were now being clawed back, this month and next, so that some farmers would get 13c or 14c a litre at the farmgate, instead of about 40c.
Victoria Liberal MP Sarah Henderson called it "corporate thuggery".
Ballarat schoolgirl Chloe Scott, whose farmer father Brendan supplied Fonterra, launched a petition aimed at Agriculture and Australian deputy prime minister Barnaby Joyce. It has garnered 108,000 signatures in a week.
"I was pretty annoyed," the 16-year-old told RNZ News.
"You know, it's something that's going to affect not only our family, but a lot of dairy farmers that are with Murray Goulburn or Fonterra. Dad's had to cull some cattle so we can minimise the damage that's going on but, we're just going to have to take it day by day."
Ms Scott spoke by phone to Mr Joyce yesterday, but said he did not map out the long-term fix in the milk price system her petition called for.
In New Zealand, farmers are facing a final price this season of just $3.90 a kilo of milk solids.
Fonterra Australia managing director Judith Swales wrote in a business paper yesterday that farmers there just have to "get real about milk prices".
Fonterra NZ chief executive Theo Spierings has been widely quoted as saying Fonterra was going to "drive every cent of money which we can out of Australia back to New Zealand shareholders in this extremely low milk price environment".
Australia Deputy Prime Minister Barnaby Joyce said Mr Spierings' blunt message to Australian milk suppliers was "foolish".
Mr Joyce said the reported comment would be a very foolish thing for any person to say, considering the hurt so many Australian dairy farmers were feeling.
Mr Govett said Mr Spierings was lucky he was not at last night's meeting in Tongala.
"I'm not sure I'd be able to get a word into him, he would be mobbed, I'd say.
"But I think they really need to have a look and come back and see the destruction they've already caused. We have already had suicides in the area, over five as of now. Herds have already disappeared, herds have already been culled."
Mr Govett said he knew farmers who were facing losses of $120,000 - $150,000 this year, and some were giving up.
Lobby group Farmer Power feared hundreds would be driven out of the industry, and said that was wrong, when the Victoria state government had just contributed to a big cheese factory revamp by Fonterra.
There was legal action on two fronts - Murray Goulburn shareholders are suing it in the Supreme Court, claiming they were misled.
And Melbourne lawyer David Burstyner was judging the waters for a class action against the two co-operatives.
"We think it's immoral amongst many other things," Mr Burstyner said. "We think that it should never be done.
"We also see the difference in the way Fonterra has done it, claiming back in the space of two months. Not over three years, like the other company is doing."
Fonterra Oceania managing director Judith Swales acknowledged that times were tough for farmers, but said the Australian milk price was not sustainable.
The problem was Fonterra was "contractually obliged" to pay farmers a milk price not less than the leading Victorian milk processor, she said.
"That price was set at an unsustainable level that was not a true reflection of global dairy market reality.
"As a result, we've been losing money in Australia. We've reduced our costs and divested assets, but we can't stand by and watch our business continue to lose money. Cutting our farmgate milk price was necessary."
The only way to have a sustainable and strong Australian dairy industry was for farmers to receive "timely and transparent price guidance", she said.
"We owe it to our NZ farmer shareholders and our Australian farmer suppliers to ensure our Australian business is sustainable for the long term."
But Victorian dairy farmer Karrinjeet Singh-Mahil said Fonterra never gave any indication its milk price was not sustainable, and farmers were still waiting on information about a promised loan.
"There's some pretty poor decision making in such a large company, both at the top levels of management, but also at board level, because one of the consequences of this entire situation is that Fonterra's reputation has been irreparably damaged."
Ms Singh-Mahil said the backlash could do long-term damage to the company's key export markets in Asia.


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Microsoft has released a beta version of Internet Explorer 6, the next iteration of its Web browser, to a group of testers, developers and partners.
According to a report at www.wininformant.com/, Version 6 will add new Explorer bars - one that gives users easy access to digital media including video, music and still images, and one for MSN Instant Messenger. Version 5.5's Explorer bar offers search, history, favourites and files functionality.
The media Explorer bar will integrate the browser with Windows Media Player, much as MSN Explorer has done. MSN Explorer is an easy-to-use Internet client for consumers that integrates many Microsoft properties including search features, eShop, Hotmail, MSN Web Communities and Money Central.
WinInformant, and one developer familiar with Microsoft's plans, said the company is copying functionality from MSN Explorer in Explorer 6.
"It won't look as beginner-ish as MSN Explorer, but Microsoft thinks [MSN Explorer] is the right way to go as far as ease of use is concerned," said the developer, who asked not to be identified.
Explorer 6 will likely be integrated into Whistler, the next version of Windows, which is expected to ship next year, according to the developer.
A Microsoft representative, who would not comment on specific new features, confirmed the beta version of Explorer 6 has been released.