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Manufacturers need strong support to reverse massive and growing trade deficit
Published on: March 14, 2017
TORONTO (March 14, 2017) - Canadian Manufacturers & Exporters (CME) along with its strategic partners, today released Increasing Access to Domestic and Foreign Markets, the final of the five reports that provide detailed analysis and recommendations stemming from CME's Industrie 2030 initiative aimed at doubling manufacturing output by 2030.
- Directly has 1.7 million employees (10 per cent of the entire Canadian workforce)
- Directly and indirectly accounts for 30 per cent of economic output and 27 per cent of all employment
- Directly responsible for $650 billion in output and more than two-thirds of all exports
"Increasing access to customers at home and in international markets is critical for the long-term growth of Canada's manufacturing sector," stated Mathew Wilson, Senior Vice President at CME. "Regrettably, Canadian industry is losing ground on both fronts. In 2000, Canadians accounted for close to four per cent of all manufactured goods output globally, today it is less than two per cent. In 1990 domestic industry supplied about 55 per cent of the demand for manufactured goods, today that share has fallen to only 38 per cent. The result has been a large and rapidly increasing trade deficit, slower economic growth and job losses."
Throughout the Industrie 2030 consultations with nearly 1,250 business executives from across the country, several practical recommendations were identified to expand market access, including:
- Create promotional campaigns celebrating Canadian-made products;
- Leverage Canada's domestic procurement system to foster new product development, innovation and local production;
- Negotiate free and fair trade agreements with reciprocal access for manufactured goods and strong trade enforcement mechanisms; and
- Improve export support programs.
"The Industrie 2030 initiative deals with the critical concerns of Canadian manufacturers and exporters. In this increasingly uncertain environment, securing sales both at home and abroad is a greater concern than ever, and requires careful thought and strategizing," stated Peter Hall, Vice-President and Chief Economist, EDC. "The hesitant global business environment is creating a unique opportunity for Canadian firms to go where others are somewhat more tentative. But there's nothing automatic about it; leveraging this opportunity successfully will require carefully thought-out action plans."
"Canadians have for too long overlooked the economic and strategic importance of domestic manufacturing," added Wilson. "Our ability to build goods, sell them at home, and export them around the world is critical for our prosperity as a nation and for each individual Canadian. But over the past 15 years our trade surplus with the world has ballooned to nearly $125 billion annually. We need strong coordinated action to reverse these trends and strengthen the economy. The upcoming federal budget is the ideal time to begin to introduce these supportive measures, especially those linked to innovation and procurement."
To read the report and the detailed recommendations, visit: http://www.cme-mec.ca/download.php?file=5a2om1hyd.pdf
About Industrie 2030
Through its Industrie 2030 initiative, Canadian Manufacturers & Exporters (CME) - Canada's leading trade and industry association and the voice of manufacturing and global business in Canada -consulted more than 1,250 leading industry executives and conducted detailed research to define specific recommendations to overcome challenges and create a roadmap for the future of manufacturing, to strengthen its footprint across the country, and to drive growth, innovation, wealth creation and jobs.
Core recommendations include:
- Building a strong labour pool and skilled workforce;
- Accelerating adoption of advanced manufacturing technologies;
- Fostering innovation, commercialization and new product development;
- Creating a competitive business environment in Canada; and
- Increasing access to domestic and foreign markets.
Our strategic partners have helped CME throughout this process by defining the agenda and supporting the research and consultation exercise. Like CME, they believe that a strong Canada can and must have a strong manufacturing sector at its heart. From business associations to manufacturers to key service providers, these groups have been instrumental in creating this report and in supporting the growth of manufacturing in Canada. A special thanks to BDO, RBC, Food and Consumer Products of Canada (FCPC), KPMG, Export Development Canada (EDC), Salesforce Bombardier, Tenaris, ArcelorMittal Dofasco, Microsoft, Canada and Xerox.
This report is the third detailed report of the five core recommendations. Earlier reports, including the summary analysis and recommendations are available at www.industrie2030.cawww.industrie2030.ca.
For more information, contact:
Canadian Manufacturers & Exporters
Tel: (613) 355-8819

domain: news


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Revitalization plan to drive the new energy automotive battery industry is facing development
The face of rising lithium business, Shanshangufen whether there will be transition? Future, said clothing, lithium battery, the investment is the company's three main business, three business balanced development. However, with the history of lithium welcome the opportunity to invest in lithium Shanshangufen will share will increase.
With state support of new energy vehicles, this market will be gradually developed, then the battery will usher in a historical development, because a car with the battery far more than a notebook of materials. Shanshangufen has been in the industry chain upstream, midstream and downstream distribution markets, including Australia, Japan, Toda Kogyo co. Shanshangufen The aim is to seize the historic opportunity for the lithium battery industry has greater development. Future, told reporters.
Industry competition require the state financial subsidies
With the state's new energy plan to revitalize the launch vehicle, domestic enterprises have also invested in a lithium battery to increase, while the domestic lithium battery market? Will there be overcapacity situation? Companies can directly proportional to the input and harvest? Shanshangufen secretaries answer reporters' vehicles from the national revitalization program analysis, China's future demand for lithium batteries is a great proportion present, and the enterprises are in great efforts to make this piece of lithium battery business, as the country policy support for new energy vehicles, lithium batteries will usher in a big emerging market. Shanshangufen with other businesses, through technology, resources to develop business cooperation. "
Still in the stage of development of the lithium battery industry, based on the price of lithium batteries is higher than the price of lead-acid batteries, so there are certain limitations on the spread. With oil prices rising, lowering costs, power costs far less than the cost of oil, if the state and government subsidies for new energy vehicles has been the case, only subsidies for new energy vehicles, will drive the development of related industries , then the lithium battery of the concept of the business will enjoy the benefits of lithium batteries will soon develop this market up.
Lithium stocks sought after by the market
There is a market analysis, new energy vehicles in the whole industry chain, the battery business will be the largest part of income. Kinwa (8.25, -0.24, -2.83%) (600,110) following the continuous heavy volume last week hit a new high, up to 27, its stock price reached? ? Yuan's record high. Kinwa spotted in recent years, the future of automotive battery market, investing heavily in the basic materials of lithium-ion battery - high-grade copper. The main purpose of e-copper foil PCB / CCL and the lithium battery industry. The face of high domestic demand for copper is almost entirely dependent on imports. With future upgrades, and electric bicycle battery The rise of new energy vehicles, power lithium battery for copper demand will show a trend of explosive growth.
In addition, benefit from lithium stocks of listed companies are: CITIC Guoan (16.00,0.00,0.00%) (000,839), Jiangsu Guotai (29.18, -0.38, -1.29%) (002,091), mining in Tibet (25.00, - 0.25, -0.99%) (000,762), China Security (000009), Fosu (13.71,0.00,0.00%) (000,973), sailing shares (12.71, -0.36, -2.75%) (600 482), Corun (18.56, -0.83, -4.28%) (600478), TCl group (4.69, -0.19, -3.89%) (000100), etc.
Government to promote and encourage the development and utilization of new energy policy will not change. Associated with battery and other items listed as new energy technology revolution, as an alternative energy company of new lithium-ion battery materials but also exceed conventional development, the "money scene" incalculable, future, told reporters.
Obligations recycling of waste batteries without interruption for four years old
Yang, now 77 years old rain, obligations recycling of used batteries for up to four years. Old said, every two weeks, he will take his place in the sun to open all doors of the parlor in a community where recycling of used batteries in the battery box cleared, to the neighborhood. Seniors this way.
Yesterday morning, the elderly with a reporter came to his home, to save the window below the bag full of used batteries showed reporters to see, Father Yang told reporters that this is all from the doors of the parlor a few days ago he used batteries in the box recovered to. Reporters Dian Ledian hand, there are about a dozen kilograms. "He wanted to go to close two days, and then to the neighborhood of these together, from neighborhood to professionals and recycling." Father of the music said.
As each recovery to varying amounts of waste batteries, Yang Father often put a small number of used batteries at home, at the beginning is on the balcony, and later the family feel this bad, so Young Father in own house erected a small shed below the window, pick up the waste those batteries on the shed, so that the rain would not pour into the batteries, and it would not be contaminated.
Other Electronics News:


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The number of bankruptcies in the Netherlands is expected to rise by 52 percent this year. That is the conclusion of credit insurer Allianz Trade after research. This makes the Netherlands a global leader. On average, 21 percent more companies worldwide are expected to go bankrupt this year.
Allianz attributes the strong growth in the Netherlands to the generous financial corona support from the government that must now be repaid. Many SMEs have to pay corona debts and back taxes. The tax authorities have sent tens of thousands of companies a final reminder. A large proportion of those companies cannot meet this requirement and will go bankrupt,’ according to experts at the credit insurer.
In 2021, the number of bankruptcies in the Netherlands decreased by 43 percent. The number of bankruptcies was also limited last year. In absolute numbers, Allianz expects 3,270 companies to fail this year. Next year there are expected to be 3530. That is close to the average number of bankruptcies before the corona pandemic.
Allianz mapped the bankruptcy figures of 44 countries. The global acceleration in bankruptcies is related to the economic slowdown and tighter credit conditions.
The credit insurer also warns of large groups that could collapse. Our research shows that the number of bankruptcies of companies with a turnover of more than 50 million euros is already above the level before the pandemic. Those big companies usually drag a whole bunch of small companies down with them.’


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FOR IMMEDIATE RELEASEPRFree.Org (Press Release) Jan 24, 2013 -- McQueenAtHome.com , a website devoted to working from home and making money online has posted an article that reveals the top marketing trends for 2013 that businesses will be using to reach customers more effectively. Site owners Tim and Sandy McQueen developed their site to help people learn about the best ways to make money online and to save them time and money by providing reviews of online money making opportunities and articles about important marketing issues so that they can make informed decisions about their online marketing activities.
|Last Updated||:||Jan 24, 2013|
New Press News
Petaluma Used Car Dealer, Credit Cars, is focused on driving more customers from Santa Rosa.
Sugar August futures traded on a negative note on Thursday on weak physical market demand coupled with expectations of monsoon revival and comfortable supplies .
SCCA associates with GOAL as a Distinguished Knowledge Partner at the Global Litigation Conference and Exhibition being organized by GOAL in Singapore this September
Fun Easy Learn has recently launched their latest free Android app for anyone who wishes to learn Japanese easily and in an engaging manner.
When you wish to benefit yourself, you should be able to help your needs turn benefitted.


text: The National Center for Supercomputing Applications (NCSA) plans to use more than 1,450 Dell servers in a powerful Linux supercomputer that will be used for everything from predicting the demise of the universe to discovering new drugs to keep you alive until that happens.The National Center for Supercomputing Applications (NCSA) plans to use more than 1,450 Dell\u00a0servers in a powerful Linux supercomputer that will be used for everything from predicting the demise of the universe to discovering new drugs to keep you alive until that happens.Linux is growing in popularity among supercomputer designers as an operating system for high-performance computing. IBM\u00a0and Fujitsu recently unveiled plans to build Linux supercomputers that promised to be the most powerful Linux systems yet devised, until Dell's announcement Tuesday at Linuxworld in San Francisco.The NCSA plans to use 1,280 Dell PowerEdge servers, each with two 3.06-GHz Xeon DP processors from Intel, in a cluster running Red Hat\u00a0Linux, Dell said Tuesday in a release. The cluster will also use 106 PowerEdge servers for I\/O services and storage.The cluster will produce theoretical peak performance of 17.7 trillion floating point operations per second (T FLOPS), which would make it the third most powerful supercomputer in the world based on the latest\u00a0Top 500 list\u00a0of the world's supercomputers. The NCSA cluster is scheduled to come online later this year at the NCSA facilities at the University of Illinois at Urbana-Champaign.IBM's Linux supercomputer will use Advanced Micro Devices' Opteron processor and Intel's Itanium processor to deliver peak theoretical performance of 11.2T FLOPS. Fujitsu did not release the chip vendor that will power its supercomputer, but said it plans to deliver 12.4T FLOPS of peak theoretical performance. Both systems are scheduled to be released in March.Cray will follow with a Linux supercomputer using Opteron processors that is expected to deliver 40T FLOPS of peak theoretical performance when it is released late in 2004 for Sandia National Laboratories.Lawrence Livermore National Laboratory currently operates the fastest Linux supercomputer, which was built with clustering technology from Linux Networx. It delivers 11.1 TFLOPS of peak theoretical performance.


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Accounts in good standing with the video-sharing site can now begin live video streaming, regardless of their number of followers.
Security researchers confirm that a member of the Chaos Computer Club has successfully hacked Apple's iPhone 5S Touch ID fingerprint sensor.
Beyond spreading itself to your Facebook contacts, it's unclear what the spam app did before the social network disabled it.
Just like Twitter, Facebook starts signaling authentic public-figure Pages and accounts with a little blue check mark.
The company that matches property owners to travelers looking for a place to stay now tags vetted users with verified ID badges.
If you would like to verify two copies of files or two mirrored directories, there are some Terminal commands that will let you do just that.
Joining other social networks, like Facebook and Twitter, the virtual pinning site rolls out a new feature that certifies user accounts.
After downloading the OS X Lion installer from the Mac App Store, some people are finding the installer cannot be verified and will not run.
Celebrities and other public figures will soon have the chance to verify their accounts and display a preferred "alternative name," TechCrunch reports.
Not sure if you've got the right e-mail for someone? Here's an easy way to test it without appearing forgetful.


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TOKYO: Tokyo shares slumped Thursday morning, with exporters hit after the yen surged on a decision to delay a sales tax hike that threatened to dent Japan’s struggling economy.
The benchmark Nikkei 225 index tumbled 2.29 percent, or 387.61 points, to 16,568.12 by the break, extending the previous session’s 1.62 percent fall.
The broader Topix index of all first-section shares slipped 2.09 percent, or 28.43 points, to 1,333.64.
Prime Minister Shinzo Abe on Wednesday said he would postpone raising the levy, which fueled speculation that Japan’s central bank would hold off launching more stimulus, giving the yen a boost.
But analysts said delaying the tax hike highlighted the failure of Abe’s years-long efforts put the economy on a solid footing, and fanned fears about Japan’s ability to tame one of the world’s biggest national debts.
Investors are now keen to see details of a fresh government spending package that Abe said would be unveiled in several months.
The top-selling Yomiuri newspaper earlier said the stimulus could reach 10 trillion yen ($90 billion).
“There’s now less chance of more Japanese monetary policy, particularly when Abe said he’s thinking about doing more fiscal initiatives,” Tony Farnham, Sydney-based analyst at Patersons Securities, told Bloomberg News. “That should have the US dollar on the back foot for a period of time.”
In afternoon trading, the greenback sunk to 108.98 yen from 109.53 yen Wednesday in New York.
The market’s mood was also soured by the lack of significant improvement in manufacturing activity reports for China, the eurozone and the United States, signalling that efforts to boost the global economy have yet to gain traction.
In Tokyo trading, mobile carrier SoftBank dived 2.75 percent to 6,080 yen.
The company announced Wednesday that it planned to sell at least $7.9 billion worth of its stake in Chinese e-commerce giant Alibaba to pay down a huge debt load.
On Thursday, the firm said it would exercise an option to boost that figure to $8.9 billion worth of Alibaba stock owing to upbeat demand for the shares, a SoftBank spokeswoman said.
More than $2.0 billion in shares will be bought back by Alibaba itself while around $1.0 billion in stock would be split between Singapore sovereign wealth fund GIC and a subsidiary of the city state’s investment agency Temasek.
In other trading, the sharply higher yen threatened exporters’ profit outlook and dented their shares.
Toyota dropped 1.23 percent to 5,684 yen, Nissan shed 2.34 percent to 1,083.5 yen, industrial robot maker Fanuc dived 2.24 percent to 16,300 yen and Uniqlo operator Fast Retailing, a market heavyweight, fell 2.81 percent to 28,150 yen.
Energy explorer Inpex slumped 3.01 percent to 871.3 yen and refiner JX Holdings was 1.42 percent off at 421.4 yen. AFP


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- Foxy Brown Interview on Combat Jack Show [Audio]Posted 12 days ago
- New Audio: Harry Fraud & Smoke DZA- “Win”Posted 13 days ago
- New Audio: Jadakiss ft. The-Dream- “Big Boy Dialogue”Posted 20 days ago
- New Audio: Fabolous ft. 2 Chainz- “When I Feel Like It”Posted 20 days ago
New Audio: Mac Miller- The Grow Op
In celebration of the smoker’s holiday yesterday, TreeJay and DJ Clockwork released their The Grow Op mixtape as a soundtrack for all those lighting up. Mac Miller’s released the tape’s intro track where he delivered his brand of pothead raps over production from Big Jerm. Press play and then puff, puff, pass.


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TOKYO, Japan — Fast Retailing Co., Asia’s largest clothing retailer, hasn’t decided if it will join a safety pact to improve fire and building safety in Bangladesh following the country’s worst industrial disaster.
HONG KONG, China — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.
BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Earlier this week, BoF spoke to senior executives at the launch of Uniqlo’s new Lifewear concept to understand the guiding principles and goals of an apparel company more rooted in technology than fashion.
TOKYO, Japan — Fast Retailing Co., Asia’s largest clothing retailer, raised its forecast for annual profit as the seller of Uniqlo apparel expanded overseas and benefited from the yen weakening to a three-year low.
TOKYO, Japan — Fast Retailing Co., Asia’s largest apparel retailer, rose to a record in Tokyo trading after saying warmer weather and an extra Sunday in March fueled the biggest monthly sales jump in more than three years.
The Queen of Clean (WSJ) “Sander is one of the few who has managed to return to her namesake company—not just once, but twice. ‘The first time I left was difficult,’ Sander admits. ‘But it was even more sad the second time. I sold my shares and cut completely.’ In her new setup, as creative director, Sander is an employee of a publicly traded company: She doesn’t own any shares; she does not sit
Chanel’s Little Black Jacket: How Chanel split the fashion atom (Telegraph) “That innocuous cardie turned out to be fashion’s equivalent of the atom. And Coco split it. First, she took its pockets, which were perfectly positioned far enough down the front panels to encourage a woman to thrust her hands in them confidently, and placed them in corresponding places on jackets. Prior to Coco, women did not thrust, and
Fast Retailing May Buy Bigger Rival in U.S., Europe on Yen (Bloomberg) “Fast Retailing Co., Asia’s largest clothing chain, may buy a bigger rival in the U.S. or Europe after the yen’s advance to a postwar high against the dollar boosted the Japanese company’s purchasing power… The billionaire aims to take advantage of the yen’s climb to expand outside Japan, where an unexpectedly long summer damped demand for fall and


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E-Commerce Briefing: Singles Day 2018, Walmart, Russia and Air Freight
This is the second edition of the E-Commerce Briefing, a weekly summary of the top news in e-commerce! Read the first edition here.
Alibaba’s 2018 Singles Day breaks new records
Alibaba, China’s e-commerce giant, made it a yearly habit of trampling e-commerce records. Alibaba alone had sold $25.3 billion worth of merchandise in 24 hours for the 2017 edition, dwarfing the online sales of mighty Black Friday by a 5-to-1 ratio.
This year’s edition, which took place last Sunday, reached a new record of $30.8 billion. The growth rate, however, is notably slower than it was in the past: 27%, as opposed to 39% the year before. Whether the slowdown is due to a more stagnant Chinese economy or an increased e-commerce competition, it remains impressive nonetheless.
Walmart beats growth estimates, e-commerce stronger than ever
Walmart released their latest earnings on Thursday, and it beat analyst prediction. There is a lot of focus on Walmart at the moment as more and more people anticipate a match with Amazon for worldwide retail hegemony (nothing less).
The battle between Walmart and Amazon has two main battlefields: fresh food, where Amazon is trying to catch up on Walmart with the acquisition of Whole Foods last year; and e-commerce, where Walmart fights to stay relevant. On the latest, Walmart says it expects to grow its online sales by 40% in 2018. Will it be enough to remain relevant?
Russia is flexing its (rather tiny) e-commerce muscles
Internet penetration in Russia is only 61% in 2017 (less than Armenia, 62%, Chile, 66% or Khazakstan, 77%). 47% of these users, however, are active e-commerce shoppers. The total value of e-commerce transactions in Russia is forecasted to reach €18.02 billion in 2018, a 13% increase over last year.
Many of these transactions are cross-border; indeed, 14% of Russian e-shoppers only buy from foreign websites and the website that has the most Russian visitors is no other than Alibaba.
The impact of e-commerce on air traffic and airports
Global air freight volumes increased by 9.1% in 2017. This growth naturally calls for more pilots and planes. Boeing and Airbus are taking these matters into their own hands to avoid a shortage of either.
What’s concerning though, is airport congestion and the lack of logistics infrastructure near international airports. John F. Kennedy International Airport (JFK, in New York) is one example: more than half of the cargo facilities are more than 40 years old and struggling under the ever-growing volume of parcels.
This article by SupplyChainDive goes on to list the runway requirements for aspiring airport tycoons looking to make up for the shortage in new, cargo-ready facilities.


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Vincent Stanley, Patagonia's vice president of marketing and co-author of "The Responsible Company" will speak at 5 p.m. on Feb. 18 in the University Center Theater. The event is free and open to the public. Seating is limited to 100. For more information, please contact Elizabeth Moore at (719) 255-5168 or firstname.lastname@example.org.
Stanley will talk about environmentally responsible business practices as well as Patagonia's mission statement to "build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis."
He will describe steps businesses large and small can take to thrive in uncertain times while reducing social and environmental damage. His speech will include strategies to improve the quality of a business, ways to reduce harm, and how companies can provide meaningful work to employees. A question-and-answer period with the audience is planned.
Stanley, nephew of Patagonia founder Yvon Chouinard, has worked for the company since its inception in 1973. In 2012, Stanley and Chouinard wrote "The Responsible Company: What We've Learned from Patagonia's First 40 Years" to describe the steps and missteps the company took to become more responsible.
For the past eight years he has focused on the intersection of the company's brand, sport, and environmental stories. He has helped initiate and produce the Footprint Chronicles, the company's interactive website that outlines the social and environmental impact of its products; the Common Threads Partnership; and Patagonia Books.
Download a flier for this event here: Patagonia Event Flier


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THE countdown to summer is well and truly underway at Styles Farmhouse Ice Cream in Minehead and the recent spring sunshine has seen a boom in the company’s sales.
Commercial Director Simon Stokes said the bright weather was a welcome sight and he is hoping for a scorcher of a summer.
May 20, 2014 0A NEW weekly market is to be opened in the refurbished historic Market Square at Midhurst.
May 16, 2014 0
Mar 26, 2014 0


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Lea Michele's Cosmo cover banned from Texas store
The March issue of Cosmopolitan has been pulled from a Brookshire's grocery store in Texas after complaints about "Glee" star Lea Michele's cleavage on the magazine cover.
The store owners have replaced it with a notice requesting patrons to ask for it from their customer services counter, according to CocoPerez.com.
A customer tells the website she was told the cover "wasn't appropriate" for display.
Some readers and parents have said the actress should cover up because her on-screen alter ego, high school student Rachel Berry, is seen as a role model for young viewers.
RELATED: Learn all about 'Glee' on MSN
A similar magazine stir hit Sir Elton John last month after his family cover shoot, featuring partner David Furnish and new son Zachary, was covered up with a "family shield" by a retailer in Arkansas in a bid to "protect" shoppers.
Check out "Teen Mom" star, Farrah Abraham's, transformation!Watch Video »
Nick Jonas, Hugh Jackman and more stars share videos of themselves working out for the Gimmie Five challenge on today's Celebs Gone Social.Watch Video »
Diane Kruger, Margot Robbie, and Lindsay Lohan all get an F on this week's Fashion Offenders.Watch Video »
Check out Keri Russell's sexy wardrobe!Watch Video »
J.Lo's Mini Me
Jennifer Lopez shares an adorable photo of her look-alike daughter, plus more celebritots on social media on today's Celebs Gone Social.Watch Video »
Sofia Vergara poses in a revealing neon bikini while her "Modern Family" castmates hit the beach in Australia on Celebs Gone Social.Watch Video »


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A mum was furious after claiming she found maggots in a jar of Tesco Bolognese sauce.
Rosina James bought two jars of the sauce from a Tesco Extra in Poole, Dorset in November.
She opened one on Monday while preparing dinner for her family.
But Rosina from Wareham noticed something was wrong and snapped a picture of the food.
She said, “I was pouring a small amount into a pot and I saw something and I was like, ‘What are these?’
“I had recently seen pictures of someone seeing maggots in their baked beans and thought it looked a bit similar, I wasn’t sure. I left the sauce aside and put it on Facebook to ask people what it is.
“I asked Tesco on social media but they didn’t get back to me. I’ve obviously decided not to eat it.’
One of Rosina’s friends suggested removing the strange item to “dry it off” before further inspection.
She then took a series of photos – and claimed they showed the tomato-stained objects were several deceased maggots.
Rosina continued: “You’re dead in the jar but it really puts you off eating doesn’t it? I’ve asked Tesco to recall it, I don’t want any compensation, I’m asking that they make sure no one’s kids eat this.
“We may already be eating this stuff, but once we know it’s there, we stop feeding it.”
After Ms James posted her ordeal on Facebook, another woman reported that she was having the same problem.
A Tesco spokesman responded to the maggots’ claims: “We are very sorry to hear this and have contacted the customer to apologize.
“The health and safety of our customers is our top priority and we are investigating this with our supplier as a matter of priority.
“We have strict hygiene standards for all of our manufacturers and will be in touch with the customer once our investigation is complete.”
Bournemouth, Christchurch and Poole Council are also investigating the complaint.
Get in touch with our news team by emailing us at email@example.com.
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https://metro.co.uk/2022/12/17/mum-left-horrified-after-finding-maggots-in-tesco-pasta-sauce-17955220/ Mum left horrified after finding 'maggots' in Tesco pasta sauce


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Sonnox announces 40% off the Oxford Inflator throughout September 2012 11/09/12
Affilliate Links help support the site
Sonnox has announced 40% off the Oxford Inflator plug-in throughout September 2012.
They say that you can check out the Inflator for yourself by downloading a free 15-day demo. Pricing and Availability:


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WASHINGTON -- Andrew Stern, the president of the Service Employees International Union, visited the White House 22 times between Inauguration Day and July 31, meeting with President Barack Obama seven times and leading all visitors recorded during that period in a White House visitor log released Friday.
The White House released an incomplete log of visitors in the opening months of the presidency, offering a glimpse of power and influence in the new Democratic administration.
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Get 20% off with online Target promo code
60% off running shoes and apparel at Nike without a promo code


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New York office - 646-873-7565 / firstname.lastname@example.org
It would take the average American seven years to spend $10 million, according to new research.
A new survey of 2,000 Americans sought to answer the age-old question: What would you do with $10 million?
Turns out, Americans would take their time spending it. Thirty-eight percent of respondents would take more than 10 years to spend the money – and just 11 percent would splurge and spend it all in under three years.
How would they spend it? Results found the top answer was investing, with 53 percent of those surveyed reporting some of their windfall would be used to make more money.
But results also revealed that Americans are thinking about way more than just themselves, as 37 percent would donate to charity and 36 percent would set up a fund for their children.
And with big money, comes big responsibilities, as three in five people think that those with wealth should be giving to those in need.
Other altruistic pursuits respondents said they’d like to follow with their $10 million included giving back to the community (29 percent) and starting their own charity organization (15 percent).
Results found that people also want to give back to those closest to them with 52 percent about to give a portion of their $10 million to family. Other top responses were putting some into savings (47 percent), while buying property (44 percent) or paying off debt (43 percent).
Conducted by OnePoll on behalf of SignatureFD, the survey examined not only what Americans would spend $10 million on, but also their priorities when it comes to money.
When asked what they would splurge on, respondents said they would like to use the money to buy their dream house (50 percent), travel (43 percent) and buy a vacation home (29 percent).
That’s in addition to the 27 percent who would take a luxury vacation or buy the latest technology.
Still, impulse purchases weren’t the focus for the majority of Americans. Only 9 percent said they would dedicate most of the money toward splurges, while 60 percent would save or invest.
And the survey found that a quarter would put the majority toward practical purchases.
In terms of priorities for their money, respondents said the top of the list was making a better life for themselves (74 percent).
That was followed by helping those they love (67 percent) and giving back to their community (43 percent).
“It’s important to design goals that truly align with what you find most worthwhile to your life,” said Jeff Peller, Co-Founder and CEO of SignatureFD. “Whether it’s buying a vacation home or investing, or helping those your love, or building your community there’s no arbitrary amount of money that you need to hit before doing what you care about.”
Among those surveyed, three in 10 (28 percent) consider themselves “very” financially savvy, but 51 percent do admit they can learn more about making smart financial decisions.
Heather Fortner, Partner, COO and Chief Compliance Officer with SignatureFD, added, “It can be beneficial to work with a wealth manager to ensure you’re developing financial goals that are aligned with the type of life you want to lead.”
Please see important disclosures, here: https://www.signaturefd.com/
WHAT WOULD YOU DO WITH $10 MILLION?
1. Invest 53 percent
2. Give money to family 52 percent
3. Put it into savings 47 percent
4. Buy property 44 percent
5. Pay off debt 43 percent
6. Donate to charity 37 percent
7. Set up a fund for my children 36 percent
8. Purchase and/or pay off a car 35 percent
9. Travel 35 percent
10. Start a business 34 percent
WHAT WOULD YOU SPLURGE ON WITH $10 MILLION?
1. Dream home 50 percent
2. Travel 43 percent
3. Vacation home 29 percent
4. Luxury vacation 27 percent
5. The latest technology 27 percent
6. Sports car 24 percent
7. New wardrobe with designer pieces 18 percent
8. Private island 15 percent
9. Diamond jewelry 14 percent
10. Eat at a Michelin star restaurant 13 percent


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Is Samsung working on a smartphone powered by a graphene battery?
Graphene batteries can be charged as much as five times faster as lithium-ion batteries.
From phones to Tesla cars, lithium-ion batteries come of age
The Li-ion technology is currently the best performing technology for energy sto...
L&T Tech set to pay Rs 93 cr for Graphene
Graphene, a semi-conductor services design and consulting company, clocked in a revenue of Rs 66.3 ...
TSAMRC hosting competition 'Tata Steel MaterialNEXT'
‘Tata Steel MaterialNEXT’ will be conducted in three phases with interactive mentoring sessions by industry specialists and professors who are working in this field, at each stage.
L&T Technology Services to buy Bangalore-based Graphene Semiconductor for Rs 93 crore
LTTS, a subsidiary of a subsidiary of Larsen & Toubro, will pay Rs. 70 crore upfront for the purchase and the rest in the form of earn-outs and retention pay spread over 3 years.
Once-hot material graphene could be next battery breakthrough
In 2010, the scientists who first extracted it won the Nobel Prize in Physics. “The perfect atomic lattice,” the announcement gushed.
Graphene-based wearable e-textiles in the offing
Graphene is expected to be one of the most prominent materials in wearable e-textiles, however, there is no good way to manufacture them on an industrial scale, researchers said.
Graphite India picks up 46% stake in US-based company for Rs 135 crore
Graphene is a two-dimensional sheet of pure carbon structured in a single layer of carbon atoms.
Now, skin-like electronic tattoos can be used to monitor health parameters
The graphene-based electronic tattoo developed by scientists from Tsinghua University in China.
World's lightest watch created using graphene
The RM 50-03 watch was made using a unique composite incorporating graphene to manufacture a strong but lightweight new case to house the delicate watch mechanism.
Graphene may power ultra-fast, next-gen electronics
Impacting xenon ions with a particularly high electric charge on a graphene film causes a large number of electrons to be torn away from the graphene in a very precise spot.
Lighter than hair, stronger than steel: A startup experiments with a wonder material
Log 9, a nanotechnology R&D company which was founded in 2015, is a spin-off from the campus of IIT Roorkee, alma mater of founder Akshay Singhal.
Tata Steel looking at sponsoring research by IIT Madras scientists into graphene
The likely applications for Tata Group companies involve enhancements in coating, manufacturing processes, sensors and wearable devices.
Graphene electrodes can safely interact with neurons
It can be used to control robotic armfor amputee patients or any number of basic processes for paralysed patients from speech to movement of objects.
Scientists use graphene to create world's thinnest lightbulb
Researchers have created the world's thinnest light bulb using graphene, an atomically thin & perfectly crystalline form of carbon, as a filament.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service


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A Chinese language driver has efficiently sued Tesla Inc. for fraud over his buy of a second-hand Mannequin S, including to a run of setbacks for Elon Musk’s electric-car pioneer in one in all its most essential markets.
A Beijing court docket discovered Tesla had misrepresented the situation of the automotive purchased by Han Chao for 379,700 yuan ($58,700) on the automaker’s official used-car platform, in keeping with a duplicate of the decision Han posted to his Weibo account. The automotive was discovered to have undergone main repairs following an earlier accident, with the court docket dismissing Tesla’s protection that indicators of welding indicated no “structural change.”
Tesla was ordered to refund the price of the automotive and pay damages of thrice the acquisition value – taking the entire payout to greater than 1.5 million yuan, in keeping with the copy of the ruling Han posted. It’s the primary time Palo Alto, California-based Tesla has been hit with such a big penalty in China, native media outlet Caijing reported. Calls to the ruling court docket, Beijing No. 2 Intermediate Folks’s Court docket, went unanswered. Tesla shares fell 0.6% to $776.84 as of 9:42 a.m. in New York.
Whereas Tesla has gained legions of loyal followers all over the world, in China it has additionally tangled with plenty of vocal disgruntled clients, who’ve used social media campaigns to rally help. In probably the most high-profile case, a feminine buyer clambered atop a Tesla exhibit at April’s Shanghai auto present in a protest that shortly went viral.
The run of dangerous publicity, together with elevated regulatory scrutiny of security, safety and customer support points, ended Tesla’s honeymoon in China, together with being the one overseas automaker allowed to wholly personal its native operation. China, the world’s largest EV market, is vital to Musk’s world ambitions and Tesla’s street to sustained profitability.
“The decision could be considered a milestone in shopper rights protections towards massive corporations,” stated Zhang Xiaoling, a accomplice at Beijing-based Haodong Regulation Agency. “The case might enhance the boldness of customers dealing with the same state of affairs and possibly will convey extra followers,” she stated. Zhang focuses on consumer-rights legislation and is working one other case towards Tencent Holdings Ltd. that will probably be heard in November.
Han has been a continuing thorn in Tesla’s aspect since launching his swimsuit, utilizing his Weibo account to supply a working commentary on his case and spotlight others’ grievances with the EV maker, together with a Mannequin X proprietor who additionally efficiently sued for fraud after his electrical motor didn’t match his car registration. That driver gained a refund and additional damages equal to the acquisition value.
Certainly, the dispute between Han and Tesla has now descended right into a authorized tit-for-tat. Tesla is suing Han for damaging courtesy automobiles and for slander, after he known as the automaker a “hooligan firm” and accused it of mendacity to the court docket on his Weibo account. The automaker has additionally stated it would attraction the fraud ruling.
“We sit up for and imagine that the court docket will lastly adjudicate in accordance with the legislation,” Tesla’s authorized staff posted on the corporate’s official account in response to an area media outlet’s Weibo submit. Tesla’s China workplace supplied no additional remark past the posts.
In return, Han is suing Tesla for defamation, claiming it has portrayed him as a behind-the-scenes organizer of the Shanghai auto present protest. Whereas he has been in contact with the lady, he says he had no function within the protest. He says Tesla is looking for greater than 5.85 million yuan in damages from him and requested the court docket freeze his property.
Han, who declined to be interviewed, stated on Weibo he fought the case for 755 days.
“The principal is rarely be intimidated by unfairness or formidable rivalry, irrespective of how flamboyant or sturdy it appears,” Han posted to his 120,000 followers. “Proper is correct. Fallacious is unsuitable.”
(Updates with Tesla shares in third paragaph.)


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RVs Move America Week, taking place Sunday, May 31 through Thursday, June 4 in downtown Washington, DC., is the time when the RV industry comes together to not only chart the future of the association, but to also make our united voice heard on Capitol Hill.
The annual event begins with two days of committee meetings where volunteers from across the RV industry collectively work to build a strategic roadmap to help define future growth of the $114 billion dollar RV industry. In addition to committee meetings, participants will gain insight and predictions on the 2020 elections from political speakers, as well as updates on the state of the RV Industry Association from association leaders during the annual membership meeting.
Then, RV manufacturers, suppliers, dealers and campground owners will descend upon Capitol Hill to advocate on a variety of initiatives. During meetings with federal policymakers, attendees will help them better understand why the RV industry is so vital to the U.S economy and the well-being of communities across the country. Attendees will rub elbows with industry innovators while forging relationships beneficial to the future growth of the RV market. It's more important than ever before to make your voice heard and advocate for the federal reforms our industry needs to truly thrive.
As the impact of RV industry continues to grow, its influence in Washington allows for the future success of the industry. We encourage every member to participate in these efforts and will join us in our nation’s capital this spring!
Registration opens soon - mark your calendars today!


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Silly Market gets bizarre with Holiday Bazaar
While historic Main Street gets silly during the summer with the Park Silly Sunday Market — a fully green, open-air weekly arts event — the Park City Marriott gets bizarre with the Silly Holiday Bazaar.
The bazaar, presented by the Park Silly Sunday Market, has been held at various venues over the past seven years, the past three years at the hotel, located at 1895 Sidewinder Drive.
The event will run Friday through Sunday, Dec. 1-3. Friday’s hours are 5-9 p.m.; Saturday’s hours 10 a.m. to 5 p.m. and Sunday’s hours 10 a.m. to 2 p.m. Admission is free.
Park Silly Sunday Market Executive Director Kate McChesney said she is grateful to the Marriott.
“We’re super excited to for them to offer their space again,” McChesney told The Park Record. “Time goes by so fast, and we’ve been fortunate to have their support.”
Like the Park Silly Sunday Market, the Silly Holiday Bazaar will feature an array of homemade artistic, unique and sometimes quirky gifts.
“This year we have 90 vendors ready to go,” McChesney said. “They will offer everything from lotions and potions and photography to handmade hats, sweaters and boots.”
Other vendors will sell gourmet foods, photography, jewelry and art.
“Everyone who participates is a true arts-and-crafter, which is what Park Silly strives to support,” McChesney said.
One of the new vendors lives in Park City but has relatives who live in Argentina.
“The family is sending some of the winter wear they make and those items include T-shirts, booties and hats,” McChesney said.
Another new vendor is Traci Pelton, who goes by the moniker Timeless Pieces by Traci.
“She makes jewelry out of watch and clock parts and gears,” McChesney said. “She has never done a market before and her significant other volunteers for us. So she finally decided to sell her jewelry with us.”
Live music is another element the Silly Holiday Bazaar has toyed with over the past few years.
“We haven’t had live music for while because the Marriott is such a small venue and carolers have a tendency to get really loud,” McChesney said. “But we found someone who is going to be perfect.”
McChesney is talking about a 13-year-old violist named Michael McNamara.
“I saw him last summer playing outside of Best Buy, and he was doing that to raise money so he can go to a special music summer camp in 2018,” McChesney said. “I walked over and told him I ran the Park Silly Sunday Market and told him we would love to have him busk at the market. I told him he could open his viola case and collect money while he played.”
McNamamara’s mother called McChesney to verify the offer.
“We were so excited,” McChesney said. “Michael came and played six Sundays in a row and just killed it.”
When the Sunday Market closed for the season, McNamara’s mother called McChesney to see if there were other opportunities for her son to play.
“I told her about the Silly Holiday Bazaar, and Michael is coming and play Christmas music all three days,” McChesney said. “This will be really nice because it’s just him and his viola. And we’re excited to give him a platform to perform.”
As in years past, the Silly Holiday Bazaar will feature free photos with Santa Claus.
“Santa will be with us all day Saturday and Sunday,” McChesney said. “We’ll take the photos, but if people want to post their own photos with Santa on social media, they are welcome to bring their own camera. We’ll provide the Santa and candy canes.”
The bazaar wouldn’t be the event it is if it weren’t for volunteers, McChesney said.
“We have amazing volunteers from Ecker Hill Middle School land Treasure Mountain Junior High,” she said. “They will be our ringing-bell elves when our guests walk in the door.”
The Silly Holiday Bazaar started in 2010 as an opportunity to give Park Silly Sunday Market vendors another opportunity to show and sell their wares, McChesney said.
“It was also started because people who attended the market during the summer began asking us how they could get in touch with the vendors so they could buy Christmas and other holiday gifts,” she said.
In addition, the Silly Holiday Bazaar serves as a fundraiser for the Park Silly Sunday Market. “We’re a nonprofit, but we don’t hold big fundraising galas or auctions,” McChesney said. “We’re also not part of Live PC Give PC. So this is how we raise money.”
While the Holiday Bazaar is a free event for the public to attend, it raises money through a one-time vendor payment of $225.
“That money goes into our operational budget for the summer,” McChesney said.
Last year the vendors had to pay an additional $149 conventional sales license fee to the city, but McChesney and her staff worked with the city this past year to get an ordinance passed so the vendors no longer had to pay that fee.
“Instead, Park Silly will pick up the flat fee this year,” McChesney said.
McChesney hopes people will find unique gifts at this year’s Silly Holiday Bazaar.
“It’s always fun to see what people buy for their friends and families,” she said. “It gets us excited for summer. …our summer applications will be available Dec. 1.”
The Park Silly Holiday Bazaar will be held Friday through Sunday, Dec. 1-3, at the Marriott Park City, 1895 Sidewinder Drive.
Admission is free.
Friday’s hours will run from 5-9 p.m. Saturday’s hours are from 10 a.m. to 6 p.m. and Sunday’s hours will run from 10 a.m. to 2 p.m.
For information, visit http://www.parksillysundaymarket.com.
BalletNext opens the curtain on “Nutcracker’s Greatest Hits,” which features a Park City twist, on Wednesday.
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The humble sacha inchi nut is transforming lives in South America. Credit: ITC
Today is World Environment Day, a day that should warrant some reflection on how we relate to our surroundings. For me, working in trade, it is an occasion to think a little bit harder about how we can make international commerce greener without compromising on its potential to improve people's livelihoods.
Is that possible? I certainly believe so. And I am not alone: governments and business around the world are cleaning up their acts when it comes to the environment, though perhaps not fast enough.
Most people - including business leaders - want a healthy future for their children.
In my experience, what is often missing between intent and action is the knowledge and the means to actually change the way we do business or make consumer decisions.
Consumers need more insight into the goods and services they purchase. Businesses need to produce those goods and services more sustainably.
For a big multinational, change naturally takes time: more often than not it requires investing in change across a long and complex value chain. For small and medium-sized enterprises (SMEs), on the other hand, the barriers to going green are often insufficient access to technology, knowledge, and finance.
Policy incentives, dropping costs, and growing trade are driving a welcome acceleration in the adoption of green energy technologies in developed and developing countries. This trend would get an important boost from an agreement at the World Trade Organization to cut trade barriers on environmental goods and services.
But while transforming our energy mix is central to a more sustainable future, it is not the only environmental challenge we confront. Habitat loss and pollution threaten biodiversity, with scientists estimating that 150 to 200 species of plants, insects, and other animals become extinct every day, a rate hundreds of times higher than what is natural. Scarce water and other resources threaten economic instability and conflict. Even the response to climate change cannot just be about windmills, solar panels, and electric cars: energy efficiency is critical, as is helping communities in poor countries adapt to an already-changing climate.
The International Trade Centre, which I head, is working with thousands of people and businesses across developing countries, providing advice on how to trade better, but also on how to trade greener.
Take for example the Makomboki Tea Factory, about 60 miles outside Nairobi, Kenya. We have worked with farmers supplying this company to train them in agricultural techniques that save water and help them cope with warmer weather and new pests. The factory itself has received support to reduce the energy it uses to dry and process tea leaves.
With Kering, the international fashion house behind brands like Gucci, Saint Laurent, and Bottega Veneta, we work alongside the International Union for the Conservation of Nature to ensure sustainability in crocodile and python-skin value chains.
Wearing python and crocodile skin isn't for everyone. But managed sustainably and traded legally, these valuable animals can be saved from extinction while generating a crucial income for impoverished communities.
Economic desperation often drives wildlife destruction like poaching or illegal logging. But trade can help create powerful financial incentives for communities to preserve the biodiversity around them.
Sacha inchi, for example, is a nut native to the tropical areas of South America. Touted as a 'superfood' for its high protein and omega-3 fatty acid content, it is often turned into a light, herby-tasting oil, which can be eaten raw like olive oil. The plant had been enjoying a growing reputation among health-conscious gourmets in the United States.
This is now set to jump: the US Food and Drug Administration last year granted sacha inchi oil a key food safety approval (with the rather unappetizing title 'Generally Recognized as Safe) that will make companies feel more relaxed about retailing the still-exotic ingredient or using it to make granola bars. Companies like Villa Andina are now eyeing an export boom - one that would give communities in Peru's Amazon region an economic stake in protecting the fragile ecosystems in which sacha inchi grows.
While the relationship between trade and sustainable development can be complex, there is lots of scope for 'win-win-win' scenarios: good for environmentally conscious consumers, good for job creation in developing countries, and good for our planet. Because we only have one.
Follow Arancha González on Twitter: www.twitter.com/AranchaGlezLaya


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US trade deficit hits 5-month high as imports from Mexico soar
US imports from Mexico are on the rise, and total auto imports hit were the highest ever in May
America's politically-sensitive trade deficit jumped to a five-month high in May as imports of automobiles rose to their highest on record, according to government data released Wednesday.
The trade deficit with Mexico, a country President Donald Trump threatened with stinging tariffs, rose to its highest in a decade, according to the Commerce Department report.
Financial markets in May were whipsawed by the shifting uncertainties of Trump's trade wars, and fears of the impact of more tariffs on the US economy.
The May data should prove frustrating for the president, who has made eliminating the deficit a signature goal of his administration, saying it is a sign other countries are stealing from the United States.
Trump on Wednesday lobbed some of his frequently-made accusations at China and Europe, accusing them of driving down the value of their currencies to remain competitive.
The US trade gap jumped 8.4 percent to $55.5 billion, seasonally adjusted, well above analyst forecasts.
That surge combined with the April trade gap, which was revised higher than originally reported, could weigh on growth forecasts for the second quarter.
May was another challenging month for global trade, as Trump threatened to stifle commerce with major partners: Trade talks with China nearly collapsed, and Trump threatened to impose duties on all Chinese imports -- and on all goods from Mexico in a dispute over migrants at the southern border.
- Reorienting trade -
Those dangers have receded for the moment following truces with Beijing and Mexico City, but while those positive turns remained uncertain importers may have rushed in to lock in lower prices and rebuild inventories.
"China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA," Trump said on Twitter.
Trump also implied that the Federal Reserve should likewise ease monetary policy, something he has called for in the past.
The US Treasury, however, again reported in May that China was not manipulating its currency and departing European Central Bank Chief Mario Draghi last month rejected similar accusations from Trump, saying the ECB does not target the exchange rate.
Imports of goods and services rose 3.3 percent to $266.2 billion in the latest month, the largest jump in more than four years as Americans bought more passenger cars, crude oil, semiconductors and consumer items, the report said.
Economists John Ryding and Conrad DeQuadros of RDQ Economics question whether the trade will impact US growth in the April-June quarter.
"It is not trade that is subtracting from growth but domestic supply constraints that are holding back growth," they said in an analysis. "Imports have surged over the last three months but these imports are vital for domestic production."
However forecasters Macroeconomic Advisors trimmed their second-quarter GDP forecast by a tenth of a point to two percent as a result of the May data.
At $33.2 billion, imports of autos and parts were the most on record. US exports also rose but by a slower two percent, although consumer goods were the highest on record at $18.1 billion.
The report also showed the extent to which trade relations were reorienting themselves as Trump pursued his aggressive trade strategy.
In the first five months of the year, the trade deficit has risen 6.4 percent to $261.4 billion compared to the same period in 2018.
But it has fallen 10.5 percent with China, which has traditionally been the largest feeder of America's import splurges.
The deficit with Mexico has increased 35 percent to $40.4 billion, and in May hit $9 billion, the highest since seasonally adjusted records began in 2009.
With the European Union, the US deficit was up 7.3 percent to $72.3 billion so far this year.
Trump and Chinese counterpart Xi Jinping last weekend agreed to resume negotiations toward resolving their year-long trade war, in which both sides so far have slapped tariffs on more than $$360 billion in two-way trade.
But Trump withdrew a threat to impose duties on another $300 billion in imports from China.
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Sonoco Products Co (SON) Given Average Recommendation of “Hold” by Analysts
Shares of Sonoco Products Co (NYSE:SON) have been given an average rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $53.00.
A number of research analysts have issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Sonoco Products in a research note on Sunday, December 3rd. Barclays raised shares of Sonoco Products from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $55.00 in a research note on Friday, December 15th. Zacks Investment Research raised shares of Sonoco Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Robert W. Baird reissued a “buy” rating and set a $60.00 target price on shares of Sonoco Products in a research note on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and set a $48.00 target price on shares of Sonoco Products in a research note on Thursday, September 7th.
In other news, CFO Barry L. Saunders sold 5,645 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $52.39, for a total value of $295,741.55. Following the completion of the sale, the chief financial officer now directly owns 60,455 shares of the company’s stock, valued at approximately $3,167,237.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Vicki B. Arthur sold 727 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $53.00, for a total transaction of $38,531.00. Following the completion of the sale, the senior vice president now directly owns 33,998 shares of the company’s stock, valued at $1,801,894. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Shares of Sonoco Products (NYSE SON) traded down $0.16 during trading hours on Friday, hitting $53.73. 349,600 shares of the company were exchanged, compared to its average volume of 523,400. The company has a current ratio of 1.59, a quick ratio of 1.11 and a debt-to-equity ratio of 0.74. Sonoco Products has a twelve month low of $47.10 and a twelve month high of $55.77. The company has a market cap of $5,356.71, a P/E ratio of 19.75, a PEG ratio of 3.77 and a beta of 1.15.
Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Sonoco Products had a net margin of 5.63% and a return on equity of 16.40%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts expect that Sonoco Products will post 2.8 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Thursday, November 9th. Sonoco Products’s dividend payout ratio is currently 57.35%.
ILLEGAL ACTIVITY WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/05/sonoco-products-co-son-given-average-recommendation-of-hold-by-analysts.html.
About Sonoco Products
Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.
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I’ve been skeptical of the Federated-May department store marriage from the beginning, for reasons I outlined at the time. The stock’s had a good run during the past couple of years, but now that the actual integration has begun at the customer level, the union has stumbled. In its latest quarter, Federated reported lower-than-expected sales at former May stores it converted to its Federated formats, as in Foley’s to Macy’s locally.
As the New York Post reports:
As a result of the shortfall, Federated plans to give division presidents more latitude to step up promotions and discounts during the all-important holiday season to help boost sales, sources said.
The decision is an about-face of sorts for Federated which tried to wean consumers at its Macy’s and Bloomingdale’s chains off special deals in order to sell more items at full price.
The recent problems also raise questions about Federated’s ability to improve the performance of former May stores, which catered to a traditional, budget-minded consumer, by applying a formula of higher fashion, sometimes with higher prices, that has worked so well at its Macy’s locations.
Said a source: “They are trying to squeeze a size 10 foot into a size 8 shoe.”
The stock’s had a nice run, the short-term gains have been locked in. Now, Federated has to face the question that’s been looming since it did the deal. How do you make it work long-term?


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The era of electric cars has taken the automobile industry by storm. With the rising concerns about environmental pollution and the need for sustainable transport options, more and more car manufacturers are shifting their focus towards electric vehicles. Audi, one of the leading luxury car brands, has also jumped on the bandwagon with its latest addition to the e-tron family – the Audi Q8 e-tron. This fully electric SUV has taken the market by storm, and for all the right reasons.
The Audi Q8 e-tron boasts impressive specifications that make it a desirable car for both electric and luxury car enthusiasts. But beyond the basic features, the Q8 e-tron has several benefits that go beyond just the convenience of an electric vehicle.
Firstly, the Q8 e-tron is a game-changer in terms of sustainability. Its fully electric engine emits zero emissions, making it an eco-friendly option for those who want to reduce their carbon footprint. With the growing concerns about climate change, the need for more sustainable energy sources is essential. The Q8 e-tron is a step in the right direction and can play a significant role in reducing our dependency on fossil fuels.
Secondly, the Q8 e-tron is an efficient and cost-effective option for drivers. By switching to an electric vehicle, drivers can save on gas costs and maintenance fees. The Q8 e-tron has a range of over 200 miles on a single charge, which can vary depending on the driving conditions. This impressive range makes it convenient for daily use and even long-distance trips. Drivers can also take advantage of several government incentives and tax breaks that are given to those who opt for electric vehicles, making it a financially wise decision.
Moreover, the Q8 e-tron offers a luxurious and comfortable driving experience. The electric engine provides a smooth and silent ride, making it a pleasure to drive. The spacious interior and state-of-the-art technology, such as the dual touchscreens and virtual cockpit, add to the overall luxury feel of the car. The Q8 e-tron also comes with advanced safety features, making it a secure and reliable option for families.
The Q8 e-tron also incorporates Audi's latest technology, such as regenerative braking, which helps to recharge the battery while driving and increase the car's overall efficiency. It also comes with an intelligent navigation system that helps to plan the most efficient route depending on the battery charge, which helps to reduce range anxiety.
The Q8 e-tron also offers a fast-charging option, which can charge the battery up to 80% in just 30 minutes. This makes it convenient for drivers who are always on the go and need a quick charge.
Aside from the practical benefits, owning an Audi Q8 e-tron also comes with bragging rights. It is a futuristic and stylish car that turns heads wherever it goes. The sleek design and iconic Audi grille make a statement, and its dynamic driving capabilities make it a joy to drive.
In conclusion, the Audi Q8 e-tron is not just a car, but a step towards a greener and more sustainable future. Its positive impact on the environment, along with its efficiency, comfort, and luxury features, make it a desirable option for car buyers. With the rise of electric cars, the Q8 e-tron sets a high standard for what the future of the automobile industry looks like – and it's looking bright.


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Yesterday the Associate Health Minister Peter Dunne announced that when Parliament resumes, Government will introduce and pass under urgency legislation removing all remaining legal highs from sale.
The move to ban the sale of the 41 remaining legal high products was praised by the Deputy Chairman of the Manurewa Local Board.
However one synthetic cannabis user says the ban will only see other avenues where by legal highs will continue to be sold illegally to those who want it.
Rangi McClean of the Wiri Licensing Trust says this maybe a sign that the Government is finally listening to the people's concerns especially given that there have been protests against legal highs throughout the country, in Auckland as well as Manurewa in recent months.
Peter Dunne, Associate Minister of Health says although there has been a reduction in the number of these products (legal highs) available, and the number of outlets which they can be sold, reports of sever adverse reactions continue.
It looks as though Labour's own proposed synthetic cannabis legislation has come a tad bit late, and it is nearly identical to that in which Dunne proposes however the difference being that Labour's policy will not test the effects of legal highs on animals.
The amending of the Psychoactive Substances Act will be introduced and passed through all stages under urgency on May 8.


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A new array of Disney T-shirts have made their debut at the soft-opening of the re-imagined World of Disney store in Disney Springs.
A new Mickey Mouse Club-themed collection has made its debut at the World of Disney at Disney Springs, which will soon hold its official opening after a lengthy refurbishment period.
Just in time for Halloween, Rock & Roller Hall of Famers Gene Simmons and Paul Stanley of KISS will open their third family-friendly Rock & Brews Restaurant in the Orlando area on Oct. 29.
The grand opening of SkyWheel Panama City Beach was held this past week by Koch Development Co. in Pier Park, an open-air shopping center in the PCB area.
A new scoop shop, Salt & Straw, is now open in the Downtown Disney District of the Disneyland Resort.


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Contrary to the recent news and speculations about the upcoming 2017 Toyota Supra, the company has just announced that its refreshed Supra will not be drawing inspiration from the FT-1 design. After the 2015 Geneva Motor show concluded, Toyota has revealed that a refreshed model of the legendary Supra is currently under production. And surprisingly, it is working together with BMW.
BMW Helps Toyota
The 2017 Toyota Supra is also reported to be featuring an engine and chassis which is developed by BMW. Meanwhile, the other remaining aspects, such as the hybrid technology will be under the responsibility of Toyota. It is also reported that the 2017 Toyota Supra has a wider length and will be a little bit taller when compared to the previous model which was released way back in 2002.
Know the Engine
It is also worth noting that the 2017 Toyota Supra has a 2.0 liter turbo engine which features four cylinders. It also has a power output capability reaching 240 horsepower. Its torque of 260 lb. ft. is also more than enough to keep up with most of the luxury sports cars that are worth millions of dollars. The 2017 Toyota Supra is indeed an affordable sports car.
To sum it all up, all of these information all leads to one thing, and that the 2017 Toyota Supra is indeed a perfect choice of car for you if you want speed, style, and performance to be by your side. The 2017 Toyota Supra is indeed the embodiment of a decade’s worth of research and development, which upholds the reputable brand and image that Toyota holds up until this day. If ever you want a fast, durable, and cool looking car, then the 2017 Toyota Supra is what you need.


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Various figure-enhancing pieces of clothing are very much in (sales are reported to have grown up three times compared to what they were a few years back), and, rising with the tide, swimwear producers came up with a new design that makes women look curvier below the waist.
The new swimsuit, a one-piece affair named the Booty Suit, is the first of its kind to offer bottoms extra attractive plumpness.
The ground-breaking idea belongs to Australian experts on swimwear Zoggs, and their suit is expected to capture the hearts (and the behinds) of many women all over the UK. According to Ben Rogers at John Lewis, one of the department stores to sell the new word in swimsuits, the demand has overreached the expected level even before the summer is in.
The Booty Suit doesn’t look special in any way (as it should), but the ingenious design provides eye-pleasing swellings in all the necessary places. There’s an inner mesh-like layer and elastolesin, material that embraces the body, used to support and lift the globes in the most effective and unobtrusive fashion.
The suit has been designed for professional swimmers originally, and the creators worked out the idea that a slightly plumper bottom wouldn’t deteriorate the swimming prowess of the wearer.
Singer Jennifer Lopez and actress Christina Hendricks (Mad Men) are regarded as celebrities whose backside shapes inspire many women to look for the ways to play up their sexiness from behind.
The Booty Suit is already on the shelves retailing at £32: also on sale a boob-boost swimsuit, the Boost Suit, at £33. This summer the tail-shaking game is expected to be at its zenith!
Source of the image: Shop.zoggs.


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There was a celebratory atmosphere at the Hyatt in Noida last Saturday. Drinks flowed and a cake was cut, but the highlight of the night was a speech from the man of the moment—Dinesh Agarwal, CEO of business-to-business (B2B) e-commerce firm IndiaMART. The 50-year-old Agarwal had, after all, just led IndiaMART InterMESH Ltd, which operates IndiaMART.com, to the brink of a successful initial public offering (IPO). The offering raised about Rs 475 crore ($69.3 million) and was subscribed over 36 times in the past week, landing IndiaMART a valuation of Rs 3,748.06 crore ($547.1 million).
“My first investor came in about 10 years ago, Intel Capital. There were two options for us to give him an exit, either we could have taken another round of private equity or we could have gone public. For domestic businesses, I think an IPO gives you visibility and credibility both, which will help us attract better buyers, vendors and employees,” IndiaMART CEO Agarwal said in a telephone interview.*
At the Hyatt event, Agarwal declared that now that its domestic listing was complete, it was time for IndiaMART to focus on Chinese conglomerate Alibaba Group. “Agarwal’s motive is to beat Alibaba. That’s what he tells us. We consider them the main competition,” an employee told The Ken. He declined to be named as he wasn’t authorised to speak to the media.
IndiaMART was started by cousins Dinesh Agarwal and Brijesh Agrawal in 1996, and is now to the B2B market what e-commerce giant Flipkart is to the B2C market. Its target—billionaire Jack Ma’s Chinese conglomerate Alibaba Group, which operates domestically through B2B platform Alibaba India—has a valuation of over $450 billion. When Alibaba listed on the New York Stock Exchange in 2014, it raised nearly $21.8 billion, giving it a market cap of about $168 billion. IndiaMART gearing up to fight Alibaba is a real David versus Goliath battle.
Several analysts such as BP Wealth and SMC Global said IndiaMART’s stock was “aggressively priced” and gave it an ‘avoid’ rating. “On the valuation front, at the upper end of the price band, IndiaMART is valued at a P/E of 140X to its FY19 earnings, which is aggressively priced given the intense competition from emerging players and new entrants,” said BP Wealth in its IPO note.
The stock market, however, begged to differ. IndiaMART listed on both the NSE and BSE on 4 July, and opened at Rs 1,180 ($17.2) a share, a premium of 21.3% on its issue price of Rs 973 ($14.2). It closed at Rs 1,302.55 ($19) a share on BSE, 10.4% higher than its opening price of Rs 1,180 ($17.2) and 33.9% higher than its IPO price.
But a Rs 3,748 crore valuation for a 23-year-old company with a 60% market share in the B2B digital classifieds space is considered high by many. Especially since VC-funded B2B startups have comfortably eclipsed IndiaMART’s current valuation.


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AP PHOTOS: The dolly wears PradaNovember 26, 2013 @ 8:27 am
(AP) - Prada, Chanel and Christian Dior are among dozens of fashion houses taking a momentary pause from the red-carpet elite to design a series of dolls for charity.
The miniature figurines, that sport bejeweled skirt-suits and satin full skirts, will go under the hammer in Paris on Dec. 2 in an auction organized by the UN's children's agency, UNICEF.
Proceeds from the initiative entitled "Designers' Little Faces" will be used to fund vaccinations for an estimated 300,000 infants in Sudan's Darfur region against polio and diphtheria.
"In the 10 years this has been running we've saved over 3 million lives. It's a chain of happiness," says Michele Barzach, president of UNICEF-France.
The dolls are expected to fetch more than $200,000.
Here's a gallery of images of the dolls, which are being exhibited in Paris' Petit Palais until Dec. 1.
Follow AP photographers and photo editors on Twitter: http://apne.ws/15Oo6jo
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Can't Miss Opportunity
Danny O'Neil says this game is Seattle's best chance to gain ground against division leaders
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China's contaminated milk products scandal, which has resulted in thousands of children being hospitalized with kidney illnesses, has reignited calls from medical experts for a return to breastfeeding.
Breast milk has more carbohydrates, easily digestible protein, and the nutrients, vitamins and minerals than formula does. UNICEF and the World Health Organization (WHO) issued a statement last week calling for the return to breast milk for infants.
"No infant formula contains the perfect combination of proteins, carbohydrates and fats to enhance infant growth and brain development as breast milk does," according to UNICEF and WHO.
* Reuters September 30, 2008


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Warning out vs toxic beauty creams
MANILA, Philippines—An environment and consumer safety watch group on Sunday revealed that 10 brands of imported skin whitening creams banned by the Food and Drug Administration (FDA) continue to be sold in Metro Manila.
At the same time, EcoWaste Coalition warned school officials not to give out medals and trophies tainted with lead to outstanding graduating students.
The toxics watch group issued the warning against dangerous whitening creams after it tested the beauty products made in China, Hong Kong, Taiwan, Indonesia and Malaysia, which it bought from several stores in Parañaque, Manila and Pasay.
EcoWaste said that one of the beauty products worth P60 to P180 each contained as much as 15,900 parts per million (ppm) of mercury, way beyond the 1 ppm mercury threshold limit set under the Association of Southeast Asian Nations Cosmetics Directive.
Among the banned skin products still being sold in the market were Yu Dan Tang Ginseng and Green Cucumber 10 days whitening Speckles Removed Essence, which had 15,900 ppm of mercury; Erna Whitening Cream with 10,400 ppm of mercury; and Jiaoli 7 days Specific Eliminating Freckle AB set with 3,664 ppm of mercury.


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DOVER, Fla. - Thursday marked a sad day for many as a fixture in the local farming community is forced to close its doors because of eminent domain.
Beginning at 8 a.m., the entire inventory at Harold’s Feed and Pet Supply is on sale. Everything must go. The landmark store has been open for decades. As early as 6:30 a.m., staff could be seen making last-minute preparations as they readied the business for its final customers.
After nearly 50 years in business, Harold’s is getting knocked down to make way for a planned state-road expansion. The state acquired the land through eminent domain laws. The Florida Department of Transportation is planning to reconstruct State Road 574 from East Kingsway Road to East McIntosh Road, widening the highway from two to four lanes.
The project comes at a $4.7 million design cost with a $26 million right-of-way cost. Harold's is in the way. Despite years of legal battles, it'll soon be gone. The store has become somewhat of a community center over the years, with loyal customers described by the owners as being more like family.
The store is located at 12990 East Dr. Martin Luther King Jr. Boulevard in Dover. The total liquidation sale runs from 8 a.m. to 7 p.m. daily except Sundays through March 31. The owners are calling on members of the rural Dover and Plant City community who've supported them for years to once again come out and help keep them solvent in this forced going-out-of-business sale.
FDOT told FOX 13 that the department paid $1,995,000 for the property. That amount includes attorney’s fees. FDOT said Harold’s Feed & Pet Supply is still eligible for relocation payments under the state's right of way procedures.
The owners have 18 months to claim this money from the day they complete their move or otherwise surrender possession of the site.


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The prospect of Swiss supermarket retailer Migros moving into the sale of prescription medication has provoked a flurry of concern from retail groups.
Migros surprised retailers and pharmacists with the announcement that it had gone into partnership with mail order drugs company Zur Rose to run a pilot project in one of its supermarkets.
The new service works in the same way as Migros' film processing service. Customers leave their prescriptions in an in-store post box and can return 48 hours later to pick up the medication.
The no-frills service is cheaper for the consumer and the insurance company picking up the tab but pharmacists have raised objections, saying the patients' safety could be compromised.
The service is available in one supermarket in Lenzburg, north-central Switzerland, for an initial six-month period.
Marcel Wyler, spokesman for the Swiss Pharmacists Association, says the new practice raises many questions and needs to be closely studied. The association represents 1,350 Swiss pharmacies.
"Our concerns are basically about patient security. Our members try to meet really high standards and if there is a development that undermines these standards, it is of great concern to us," he told swissinfo.
The pharmacists association emphasises that prescription drugs are not ordinary consumer goods. "Those who need medication immediately and who wish to receive advice from their pharmacist are better served by their trusted pharmacy."
The Swiss Retailers Association has also objected to Migros' move into medication distribution, saying that it is a threat to the existing network of small retailers and may cause social and economic damage.
Companies providing medication by mail order have already been in existence for some time but Wyler says the involvement of a new player in between the customer or doctor and the supplier could mark a fundamental change.
Kurt Eberle of Zur Rose disagrees. "All we're doing in Migros is using a post box in-store and this doesn't require special permission," he explained.
Initially, the health department in canton Aargau, where the Migros store is located, said it was looking into the question of permits for the new venture.
This week, the cantonal legal authorities said the sale of prescription medication through the Migros store was "legally permissible", as the retailer was only operating as a post box and delivery point.
A Migros spokesman, Thomas Bornhauser, said the idea for the pilot project had come from Zur Rosa. "We don't know if it's going to work – if we're too early or too late, or if there's no customer demand."
"It's a new idea and we said 'why not?' One of the main concerns Swiss people have is the cost of insurance and health care and this just might be an opportunity to reduce costs in this area."
Zur Rose has a range of 6,500 medications available in its warehouses and distributes by post nationwide.
At the end of the pilot project in six months, Migros will decide on its viability. If the company is happy with the results, the service could potentially be offered throughout Switzerland.
The drugs distribution pilot project is being run by Migros Aare, the biggest of the ten cooperatives within the Migros retailing group.
The new service allows customers to leave their prescriptions in an in-store post box and to collect their medication two days later.
Migros is working in partnership with the mail order drugs distributor Zur Rose and will review the trial in six months.
Recently Migros has been moving into new sales areas, launching its mobile phone package in September 2005.
In compliance with the JTI standards


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Met Gala 2021 co-host Timothée Chalamet bet on a mix of the classic and the more youthful for his arrival at the event tonight.
The “Dune” actor appeared on the Metropolitan Museum of Art’s red carpet in a Haider Ackermann jacket, Rick Owens pants and the most surprising: an All Star Chuck Taylor sneaker by Converse.
On social media, users joked about the fact that Timothée was wearing sneakers for the event, which traditionally brings more luxury.
“Accessible icon”, wrote one of them.
Met Gala 2021
This year’s Met Gala theme is: “In America: A Fashion Lexicon” to celebrate American fashion. Political and social movements were some of the reasons why Andrew Bolton, responsible for the curatorship, and collaborator Wendy Yu, chose to address this issue, in order to portray the changes caused in the identity of local costumes.
“I’m really impressed with American designers’ responses to the social and political climate, particularly around issues of bodily inclusion and gender fluidity, and I’m just finding the works very, very reflective,” Andrew Bolton told Vogue.
“I truly believe that American fashion is undergoing a renaissance. I think young designers, in particular, are at the forefront of discussions about diversity and inclusion, as well as sustainability and transparency, far more than their European counterparts, perhaps with exception of English designers”.
The 2021 event is hosted by actor Timothée Chalamet, singer Billie Eilish, tennis player Naomi Osaka, and poet Amanda Gorman.


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Korea at CES 2016, the World’s Largest Electronics show
The CES 2016, an annual gathering of the latest in consumer electronics was held for 4 days from January 6th in Las Vegas, U.S. It was the 50 CES participated by about 350 startups and 3,600 companies, and the spotlight was on smart appliances, internet of things (IoT) and smart cars. The show was participated by major Korean players such as Samsung and LG. Find out about the industry leadership of Korean companies at the world’s largest consumer electronics show.
Present and future of self-driving cars
Smart cars are hailed as the next game changer to generate a giant new market. Global players in automobiles and IT are competing fiercely to be the first one in on automated driving technology, the core of the smart car revolution. We take a look at leading technologies in self-driving vehicles and peek into the future they will shape.
Flex Cam PIC Turns Heads at CES 2016
Action cameras are gaining in popularity nowadays. One of the biggest disadvantages of existing models is the dependence on camera mounts. Korean startup Boud has introduced the Flex Cam PIC, a bendable camera that can be attached or wrapped around any objects. Its unique design drew much attention at this years CES 2016, and the company was named one of the honorees of the CES Innovation Awards. Find out how the company all began.
Can Static Electricity Start a Fire?
You may have noticed an anti-static pad installed at self-serve gas pumps. Touching the pad before pumping gas supposedly eliminates static electricity and prevents a potential fire. Static electricity is considered a nuisance in daily life especially during the winter months, but can it really lead to a fire?


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STU48 to release 4th single next year
STU48 has release a statement they will launch 4th single next year.
Their fourth single to be released on January 29, 2020.
More details regarding the single will be announced later.
Meanwhile, the title is yet to be decided.
While the price tag will be 1591 JPY incl Tax you will get CD, DVD.
For limited edition type, fans could get special gift ticket with a random member photopack for regular type buyers.


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Fuel consumption declined sharply in Brazil in April, amid the impact of isolation measures taken to stem the spread of coronavirus, with demand for ethanol plummeting 49% year-on-year, said the minister of Mines and Energy, Bento Albuquerque, reported Reuters.
Thailand – Khonburi Sugar expects 2020/21 revenues from sugar production to drop by 25-35% [Full subscriber]
With the worst drought in Thailand in 40 years, Khonburi Sugar has acknowledged that revenue from sugar production is likely to decrease by 25-30% on the back of drop in cane production.
Uganda – Madhvani making more money from selling surplus power to grid than sugar [Full subscriber]
The Madhvani Group of Companies has said that its sugar business is not competitive in the current market – selling surplus cogenerated power and ethanol are significantly more profitable.
Angola – Biocom forecasts sugar output of 100,000 tonnes in 2018 [Full subscriber]
Angola’s Bioenergy Company (Biocom) is predicting 2018 sugar output at 100,000 tonnes. According to Fernando Koch, the Commercial Director, the company has produced 55,000 tonnes of sugar.
Suedzucker to post increased revenues from sugar as liberalized EU market beckons [Registered]
The largest global sugar producer Suedzucker said on 18th May that it was confident that it would secure higher earnings as the EU enters a new era with a liberalised sugar market, reported Reuters.
Germany – Nordzucker suffers loss in revenues in Q1 2015/16 driven by low sugar prices [Registered]
Nordzucker still assumes that it is unlikely to report positive earnings at the end of the current financial year. Negative factors such as the high levels of sugar stocks and tougher competition will leave their mark on the current financial year, it said. A reduction in the area under cultivation and the incipient price increases across Europe will only have an impact in the medium term.
Austria – AGRANA’s 1Q 2015/16 revenues drop [Registered]
In the sugar segment the trend of the previous two quarters continued. Revenue in the first quarter of 2015/16 fell substantially by 20.2% year-on-year, to EUR147.8 mln. The reasons were a significant reduction in sales prices and also a decrease in quantities sold into the sugar-using industry. The negative EBIT of EUR–1.9 mln was likewise attributable to the significant drop in sales prices compared with the prior year. Lower raw material costs (particularly for raw sugar) were not able to compensate for the revenue reduction.


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Woman behind satirical web journal and Twitter feed hits back at actress’s bid to turn her into a licensee
A company founded by actress Jessica Alba has been slammed online following an alleged attempt to hijack a satirical blogger’s trademark filing. The Honest Toddler – a popular web journal that pokes gentle fun at child-rearing issues by imagining them from a toddler’s perspective – has garnered a huge following since it launched in May 2012, with writer and mother Bunmi Laditan penning every entry and running a complementary Twitter feed. However, in a recent entry on her own, personal blog, Laditan has accused Alba’s eco-friendly cleaning products and lifestyle firm The Honest Company of trying to muscle in on her pending mark.
Explaining her position in a Timeline of Events, Laditan noted that Alba’s outfit bought the domain name ‘honesttoddler.com’ in March 2012 – a purchase of which Laditan herself was unaware – but would only begin to use it as a live website once the subsequent brand dispute flared up. Two months on from that registration, Laditan started tweeting as The Honest Toddler and soon began to support the feed via the WordPress blog ‘thehonesttoddler.com’.
In September 2012, The Honest Company interviewed Laditan for its own blog – a move that would later strike Laditan as strange for an organisation seeking to avoid confusion. That same month, publisher Simon & Schuster offered Laditan a book deal based upon her output, which compelled her to file a trademark application for ‘Honest Toddler’ with the United States Patent and Trademark Office (USPTO). In a decision of April this year, the USPTO declared that the filing was unlikely to be confused with any other current marks. It then granted preliminary approval and published the filing.
On 20 April, though, the dispute erupted: The Honest Company contacted Laditan and offered her a limited license of 365 days for use of the mark, on the condition that she withdrew her filing. After that term expired, Laditan would be obliged to cease using the phrase ‘Honest Toddler’ in any medium to which she had applied it. The following month, The Honest Company raised the stakes – threatening to block the mark unless Laditan swiftly consented to the limited-licence offer. In short order, it filed a Notice of Opposition with the USPTO to challenge Laditan’s filing.
As media interest in the blog and Twitter feed continued to grow, the legal wrangling intensified. In June, famous Sex & The City producer Darren Star optioned TV rights to Honest Toddler. But a few weeks later, Alba’s attorneys wrote to Star, misinforming him that his proposed use of ‘Honest Toddler’ would constitute brand infringement against The Honest Company – an approach that Laditan dubbed ‘legally and factually false’. Then, on 28 July, The Honest Company finally launched a website under the domain name it had purchased back in March 2012.
In addition to the timeline, Laditan provided details of other ‘Honest’ bloggers with whom she enjoys cordial relationships, such as Honest Mom and Honest Family. She also cited juice-drinks range Honest Kids as a brand that has not shown any inclination to oppose her filing. And Laditan is no longer waging her online fightback alone: a petition on the campaigning web platform Change.org – titled Reject the Opposition of the Honest Toddler Trademark (USPTO 85740533) – has so far attracted more than 7,500 signatures, many of which have come from the blog’s fans.
In an announcement, The Honest Company explained its legal tactics by saying: ‘We are simply seeking assurance that The Honest Toddler will not sell products in the future that could be confused with our own eco-friendly products for families.’ To which Laditan quickly replied: ‘If this is true, why can’t we just sign a Do Not Compete agreement?’