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All press releases
Reduces cost and complexity of video publishing across the Web and devices
SAN FRANCISCO, May 19, 2010—Brightcove, the leading online video platform, today announced plans to support WebM, an open Web media project and the open sourcing of the VP8 video codec, unveiled at the Google I/O developer conference. Brightcove will provide H.264 and WebM as standard encoding options for Adobe® Flash and HTML5 video experiences to its customer base of more than 1,500 media publishers worldwide. Brightcove’s support for WebM will reduce the cost and complexity of delivering high quality experiences across an increasingly diverse landscape of Web browsers, rich media platforms, operating systems, and mobile devices.
“Brightcove is committed to helping our customers cope with the complexity of consistently delivering full-featured, high quality video experiences across browsers on the desktop, mobile devices and Internet-connected TVs,” said David Mendels, Brightcove president and chief operating officer. “In supporting de facto Web standards like Adobe Flash and emerging open standards like HTML5 and codecs like WebM, we’re providing organizations around the world with a full range of options for operating flexible, successful online video businesses.”
“A key factor in the Web’s success is that its core technologies are open and freely implementable,” said Sundar Pichai, vice president of Product Management at Google. “Video is fundamental to the Web experience, so developers and content publishers need an open video format option. Brightcove’s commitment to bring WebM support to its online video platform makes this open, Web-optimized video format accessible to leading content publishers.”
Brightcove joins other Web technology leaders, including Mozilla, Opera Software, and Adobe, in bringing support for WebM to a wide range of desktops and devices.
“Adobe is focused on enabling developers and content publishers to deliver rich online video content and applications regardless of the device, browser or platform,” said Ricky Liversidge, vice president, product marketing, Flash Platform at Adobe. “Together with Brightcove, we are pleased to support the WebM project to provide consumers with seamless access to high quality video content and experiences on all of their Internet-connected devices.”
Brightcove customers will be able to deliver video simultaneously in both H.264 and WebM formats to Adobe Flash and HTML5 video experiences and to native apps running on mobile, tablet and connected TV devices. In the future, Brightcove will automatically generate both H.264 and WebM renditions of all video content uploaded to the Brightcove service, enabling customers to insert a single embed code into their websites that will detect the capabilities of the device and browser environment and render the best possible experience with maximum functionality. This ensures that Brightcove customers will enjoy the broadest possible reach for their video content, including Web browsers, Apple devices, connected televisions, and other devices without incurring the cost and complexity of manually managing multiple formats and playback experiences.
Brightcove customer, The New York Times, which continues to set the standard for the media industry in leveraging new standards and formats, will be testing Google WebM in the future. The Times produces more than 100 original videos per month, featuring breaking news and analysis, as well as enterprise and investigative reporting by Times journalists around the world. The Times Company is an equity investor in Brightcove.
Brightcove’s delivery system is built around Flash and has grown to support emerging standards such as H.264 and HTML5. Brightcove’s support for WebM is the latest in a series of product innovations that deliver on the company’s vision of empowering organizations to easily distribute high quality video across any screen. Earlier this year, Brightcove announced the Brightcove Experience for HTML5, a framework for publishing and delivering high quality, interactive and advertising-supported Web video experiences for HTML5-compatible devices and platforms, including the Apple iPad, iPhone and iPod touch.
Brightcove is a cloud-based online video platform. Media companies, businesses and organizations worldwide use Brightcove to publish and distribute video on the Web. Founded in 2004, Brightcove has offices across North America, Europe and Asia and customers in 45 countries. For more information, visit http://www.brightcove.com.
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Ola Electric said Thursday it plans to enter international markets, starting with Nepal.
The company said it has signed a Memorandum of Understanding with CG Motors in Nepal and is cooperating with them as local distributors for its Ola S1 scooters (S1 & S1 Pro).
The scooters will be available in Nepal from next quarter, the Bengaluru-based electric two-wheeler manufacturer said in a statement.
In the second phase, the company also plans to enter Latin America, ASEAN and the European Union, expanding the company’s presence in up to five international markets.
“Our international expansion means not only that as a company we can serve customers in these similar regions, but it is also a testament to the fact that India will lead the EV revolution for the world,” noted Ola founder and CEO Bhavish Aggarwal . .
To really take the electric vehicle revolution to the next level, India will have to be the epicenter of change, he added.
The company recently unveiled an electric four-wheeler project.
(This story was not edited by The US Express News staff and was generated automatically Platforms.)

domain: news


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- Arun Bansal appointed Senior Vice President and Head of Business Unit Radio
- Anders Lindblad appointed Senior Vice President and Head of Business Unit Cloud & IP
- Both appointments effective July 1, 2014
5G, due to begin ramping around 2020, delivers improvements over 4G that should be valuable for IoT deployments. That could expand the addressable market of many chipmakers.
Soft capital spending from telcos weighed on Cisco's router sales and order growth. Many peers are facing similar challenges.
TheStreet highlights 3 stocks pushing the telecommunications industry lower today.


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January 24, 2020
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Over Memorial Day weekend, the Transportation Security Administration updated its policy on marijuana, specifying that some hemp-derived CBD products may be carried aboard flights if the situation fits certain circumstances.
“Products/medications that contain hemp-derived CBD or are approved by the FDA are legal as long as it is produced within the regulations defined by the law under the Agriculture Improvement Act 2018,” explains the new section on the site. The 2018 Farm Bill was significant because it legalized hemp products and derivatives.
Previously, the TSA made no distinction between different cannabis products, claiming that none of them could be carried aboard flights, neither in carry on items or in checked in bags.
CNN reports that although some cannabis products remain illegal under federal law, the TSA now recognizes that some FDA-approved CBD products are capable of providing relief for children who suffer from epilepsy. “To avoid confusion as to whether families can travel with this drug, TSA immediately updated TSA.gov once we became aware of the issue,” said the agency.
The TSA is currently informing their officers on the new policy but this an ongoing process. TSA’s first priority has always been threats to security, with marijuana and illegal substances not being something that’s actively scanned by officials. When encountering a substance that an officer deems as illegal, they will contact a law enforcement officer who will dictate the next steps to follow.
Get Real-Time Updates from The Daily Marijuana Observer


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Datto has quietly pieced together VDI (virtual desktop infrastructure) technology specifically designed for MSPs. The technology, called Datto Desktops, is being previewed and discussed at this week's DattoCon 2017 conference in Denver.
Datto Labs, the company's R&D arm, leveraged multiple technologies from Datto's existing products and the company's cloud as a starting point for the VDI offering, according to CEO Austin McChord. Although the VDI solution holds great promise, the company has not yet decided whether to officially launch Datto Desktops as a product, McChord added during an interview with ChannelE2E.
VDI solutions from a range of companies have had several false starts in the enterprise and in the IT channel. Citrix Systems and VMware both have some VDI momentum. And pundits have been waiting for both Amazon Web Services (AWS) and/or Microsoft Azure to set VDI standards in their respective markets. Over in the Google Cloud Platform market, workspace as a service (WaaS) companies like iTopia are worth watching (ahem...stay tuned).
Waiting on VDI, Desktop as a Service
Still, nobody has set a VDI standard in the channel. Nor has anybody become an overwhelming VDI giant in the MSP sector.
For its part, Datto has a knack for exploring existing IT markets and then applying MSP-centric R&D to address partner needs. The company, now 10 years old, has grown to 850 employees by focusing on BDR (backup and disaster recovery) purely for MSPs. But more recently, Datto has been making a networking push. The networking business is ramping faster than the company expected, McChord asserts.
And as for VDI? Don't call Datto Desktops an official product yet. But stay tuned...


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NEW YORK (MarketWatch) -- UPS, UPS, +0.99% the Atlanta package-delivery company, reported third-quarter net income rose 8.9% on 11% higher revenue, affirmed its full-year earnings forecast, and plans to slash 20% of the non-operating costs within its forwarding and logistics business. Earnings reached $1.04 billion, or 96 cents a share, from $953 million, or 86 cents, in the year-earlier period. Revenue was $11.66 billion versus $10.55 billion as global small-package volume climbed 5%. A survey of analysts by Thomson First Call produced consensus estimates of 90 cents of profit on $11.65 billion of revenue. "We still expect full-year diluted earnings-per- share growth of about 11% despite the performance in the supply-chain and freight segment," Chief Financial Officer Scott Davis said in a statement. "The small-package business should be strong in the fourth quarter as we expect international deliveries and the U.S. holiday shipping period to be solid. We also anticipate modest improvement from the supply chain and freight segment over third-quarter results."
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Status: 15.12.2021 08:14
Always up to date – in times when collections change every few weeks? It is anything but sustainable. How can fast fashion turn into green fashion?
A look into a German wardrobe makes the whole dilemma clear: according to a survey by the environmental organization Greenpeace, one in five garments is almost never worn. According to Viola Wohlgemuth of the environmental organization Greenpeace, textile production doubled between 2000 and 2014, but wearing time halved in the same time. “As a result, textiles became disposable,” says Wohlgemuth. “They are made up of 60 to 70 percent synthetic fibers.” She compares the new materials to a plastic bag. The only difference is that these plastics “cause even bigger problems than plastic bags already do,” according to the environmentalist.
Some fashion giants are already reacting
In addition, the production of textiles contributes significantly to climate change: according to calculations by the management consulting firm McKinsey & Company, the global fashion industry generates as much CO2 emissions in the manufacture of clothing as France. , Germany and Great Britain combined. In view of these figures, some large fast fashion chains are trying to ensure more sustainability. H&M and C&A have created their own sustainability labels. A new “Fashion Transparency Index” also aims to ensure more transparency on working conditions and supply chains.
That’s still not enough, says Henrik Pontzen of fund company Union Investment. He believes the transition from fast fashion to green fashion will only be successful if not just some, but all fashion lines are made more sustainable. “Specifically, it requires the more intensive use of alternative materials to reduce the use of cotton or polyester,” says Pontzen. “This requires a much higher recycling rate in fashion production in order to take the first steps towards a true circular economy.”
end of mass production
Another problem is that some eco-labels only provide insufficient information about the actual sustainability of products, says Greenpeace activist Wohlgemuth. “So we need independent seals – and even they just say, ‘This textile wasn’t so badly made.’ But that’s just not good enough.” Mass production must be abandoned. Because: “Even though there are many pilot products from fast fashion giants to create a green image, the bulk of the money will still be made with fast fashion.”
According to Greenpeace, one possible solution would be to levy higher taxes on fast fashion products. According to the motto: the more the clothes are harmful to the environment, the higher the selling price. Another idea is to set aside 10% of retail space in city centers for alternatives to fast fashion chains – for example, for thrift stores.
German companies feel no pressure
And where are the medium-sized German fashion companies like Bugatti or Marc Cain compared to the predominantly foreign fast fashion chains? They target a different audience, says Tanja Croonen of fashion association German Fashion: “German fashion companies have no pressure on fast fashion,” says Croonen. Instead, companies are betting on value-added and sustainable production. One in five medium-sized fashion companies in Germany now generates more than half of its sales with sustainable products.
H&M, Zara & Co – Fast fashion under the pressure of sustainability
Nicholas Buschschlueter, HR, December 14, 2021 5:14 p.m.


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Consumer demand slow down at Primark
More evidence of the squeeze on household budgets emerged today after the owner of Primark revealed a "noticeable" slowdown in UK consumer demand.
Associated British Foods said the discount fashion chain's half-year sales rose 3% on a like-for-like basis - half the level achieved during its previous financial year.
AB Foods said while Primark traded well ahead of Christmas despite the snow chaos, the mood had changed among UK shoppers since the start of the year.
It is also battling against an ongoing squeeze on profit margins since the new year VAT rise and impact of soaring global cotton prices.
The update comes after a long period when Primark has weathered the recession and consumer downturn with forecast-beating sales growth.
Consumers are reining in their spending as they come under pressure from the VAT hike, as well as soaring petrol prices.
John Bason, finance director at AB Foods, said it is a trend he expects to see mirrored among other retailers this year.
He said: "Even for people who don't feel they will lose their jobs, they will feel they are being squeezed.
"It won't just be Primark, but we'll see it for a number of retailers."
Primark has been the group's star performer in recent years as it has ridden the boom in demand for budget clothing on the high street.
But today's news highlights the pressure on cut-price retailers since the VAT rise to 20% and as rising inflation takes its toll.
AB Foods, which has been cautioning over the impact of input prices in recent months, confirmed Primark's first-half profit margins will be lower than a year earlier and will remain under pressure in the second half.
The group said the division would see underlying earnings ahead of last year, although today's news suggests it will be less than expected in the market.
The wider group - including household brands such as Silver Spoon sugar, Kingsmill bread and Twinings tea - will also see interim underlying earnings ahead of last year as its other businesses saw a better first half for trading.
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Originating from the Cannabis plant, marijuana or cannabis is a psychoactive drug. Once considered highly taboo, cannabis has now been legalised in several countries for recreational and medicinal purposes. Read on as we dig deeper into this industry and review the list of cannabis companies to analyse the cannabis stocks market.
Legalising the drug: a US view
Cannabis has emerged as a multi-billion-dollar industry in recent times, particularly in the US, where the push for legalising marijuana has been immense.
As per a Statistica report on 15 September 2021, the US is the global leader in respect to the legal cannabis stock market and investment; by 2024, according to the findings, the US market for legalised cannabis is expected to be worth over $31bn.
In distant second place behind the US for marijuana consumption is Canada, where the market for legalised cannabis is expected to touch over $6.2bn by 2024.
A recent survey by Gallup found that since 2020, a record high number of Americans (68%) have been affirmative in their support for making marijuana legal. At a government level, several marijuana-related bills have been introduced in Congress to further the agenda of decriminalising the drug. As of now, recreational marijuana is legal across 18 states and US territories, including Guam and the nation’s capital, Washington, DC.
While the US as a country has the autonomy to set specific guidelines pertaining to cannabis possession by its citizens at a federal level, cannabis continues to be tagged as a Schedule I drug by the US Drug Enforcement Administration (DEA).
A cure for Covid-19?
In the latest cannabis stock news, a scientific research paper by the Oregon University has gone viral on numerous social media platforms. The study, published in the peer-reviewed academic Journal of Natural Products, claimed Cannabidiolic acid (CBDA – a cannabinoid found in cannabis plants) and Cannabigerolic acid (CBGA – the acidic form of cannabigerol) acids commonly found in the hemp varieties of cannabis can bind to the spike protein of SARS-CoV-2 and prevent the entry of the live Covid-19 virus into human cells.
Richard van Breemen, a professor of pharmaceutical sciences at Oregon State and the study’s lead author, said:
Bloomberg’s post on Twitter confirming the study gained over 13,700 retweets as users took to social media rejoicing at this news. However, the study is still in its nascent stage with further developments expected in the days to come.
Associate epidemiology professor Silvia Martins, who is the director of the Substance Use Epidemiology Unit at Columbia University’s Mailman School of Public Health, warned readers to “be very cautious of any overinterpretation or social media frenzy”.
Tracking 5 cannabis stocks
According to data compiled by CompaniesMarketCap, as of 17 January 2022, the following are the biggest stocks to invest in the cannabis industry, based on market capitalisation metrics. While most cannabis stock prices dragged down in 2021, in this article we will zoom in on some of the top marijuana stocks.
At the head of the pack, thanks to its industry-renowned cannabis production and selection across adult markets for medical marijuana stocks, is Massachusetts-headquartered Curaleaf.
Driven by its mission to build public confidence around cannabis consumption, the company operates in 23 states with 101 local dispensaries, over 350,000 registered patients and over 1,150 active wholesale dispensary accounts. It currently trades on the Canadian Securities Exchange (CSE: CURA) as well as on the OTCQX platform, a division of the OTC Markets Group (OTCQX:CURLF).
On 28 December 2021, the company announced it has entered into an agreement to acquire Arizona-based Bloom Dispensaries for $211m, which Curaleaf sees as a strategic acquisition to further its presence in the Arizona market. The transaction is expected to close in January 2022.
In its Q3 2021 financial results, published on 8 November 2021, the company reported revenues of $317m. As compared to Q3 2020 revenues of $182m, the year-on-year growth has been approximately 74%.
According to executive chairman Boris Jordan, the company remains on track to achieve its annual revenue guidance at the lower end of $1.2bn–$1.3bn.
However, on the OTCQX platform, following its closing price of $14.16 on 8 January 2021, the stock has plummeted by 41.87% to $8.23 as of 14 January 2022.
As per the algorithm-based forecasts on Wallet Investor, the CURLF stock price could close at $24.349 by December 2027, five years from now.
As per data compiled by TipRanks, nine analysts have given the stock a ‘buy’ rating while two have maintained a ‘hold’ stance. ‘Buy’ advocates include Owen Bennett, senior vice president, equity research at Jefferies, who gave the stock a ‘buy’ rating and a price target of CAD30 ($23.97) as of 23 November 2021.
The average price target is $18.64 – 126.49% on the upside of the last close price of $8.23.
Headquartered in Florida, this Canada-based cannabis company aims to provide the highest level of cannabis products and “compassionate care customers can trust when traditional medicine is not enough”. Now operating in 11 US states with almost 150 dispensaries as of October 2021, it holds a particularly strong market position in Arizona, Pennsylvania and Florida.
On 22 November 2021, the company announced its launch of THC-infused dark- and milk-chocolate bars in partnership with Bhang, an award-winning gourmet chocolatier. (THC – short for Tetrahydrocannabinol – is the principal psychoactive constituent of cannabis and one of at least 113 total cannabinoids identified in the plant.) According to Bhang CEO and president Jamie Pearson, orders for the cannabis-infused chocolates have exceeded their expectations.
A day after this launch, the Trulieve (TRUL) stock rallied by 4.87% from the closing price of CAD34.85–CAD36.55.
In its Q3 2021 financial results published on 15 November 2021, the company reported gross profits of $153.9m, representing a growth of 50.58% from its Q3 2020 gross profits of $102.2m.
Algorithm-based Wallet Investor is bearish on the TRUL stock and depicts the closing stock price at $12.711 by December 2022. Furthermore, it expects the stock to close at $0.000001 by January 2024.
On 7 January 2022, Wolfe Research analyst Greg Badishkanian initiated coverage on Trulieve with an ‘outperform’ rating. He believes that while the company may be overexposed in the Florida market, its history of maintaining share and store locations should help its pricing power. He gave the stock a price target of CAD42.
As per data compiled by TipRanks, seven analysts have given the stock a ‘buy’ rating. The average price target is CAD84.69, 165.82% on the upside of the last close price of CAD31.86.
Green Thumb Industries
Founded in 2014, this Chicago, US-headquartered company offers people quality cannabis through its branded portfolio of products. These include ‘luxury’ marijuana brand Beboe, the socially conscious Good Green, Rythm vaping products, Dogwalkers pre-rolls, Incredibles edible products, Doctor Solomon’s lotion, etc. The company now has operations across 14 US markets and reports that its retail cannabis dispensaries, Rise, are experiencing rapid growth.
On 10 November 2021, the company published strong Q3 2021 financial results, with reported cash earnings of $285.8m at quarter-end, marking the seventh consecutive quarter of positive cash flow from operations. The company reported top-line revenue of $233.7m, a 5.3% sequential increase over Q2 2021 revenues of $221.8m.
A day after the Q3 2021 results were published, the Green Thumb (GTII) stock rallied by almost 16% from CAD21.80 to CAD25.28.
Wallet Investor’s algorithm-based forecast for the GTII stock price suggests it could close at CAD30.910 by December 2027, five years from now. Jefferies’ Bennett gave the stock a ‘buy’ rating and a price target of CAD70 on 7 July 2021.
As per data compiled by TipRanks, eight analysts have given the stock a ‘buy’ rating. The average price target is CAD60.41, 135.24% on the upside of the last close price of CAD25.68.
Formerly known as Tweed Marijuana, this cannabis company was founded in 2013 and is headquartered in Smith Falls, Ontario. The company, which believes in harnessing the power of cannabis, trades under the WEED ticker on the Toronto Stock Exchange and under CGC on the NASDAQ Global Select Market.
On 17 November 2021, Canopy Growth launched its new product range of premium flower offerings across its 7 ACRES, 7 ACRES Craft Collective and Doja Brands. While the products were launched to meet what the company expressed as the “growing demand of the Canadian flower market”, the stock market response was cooler than anticipated.
A day after this product lineup was announced, the stock fell by 9.19% on the NASDAQ platform, dropping from $13.60 to close at $12.35. Since then, the stock has fallen further by 31.98% to its current close price of $8.40 at the time of writing on 17 January 2022.
Algorithm-based Wallet Investor is bearish on the CGC stock and depicts the closing stock price at $0.000001 by May 2024. Furthermore, it expects the stock to close at $0.0000771 by December 2022.
Gaurav Jain, a consumer analyst from Barclays, gave the stock an equal weight rating and a price target of $14 on 18 November 2021.
According to data compiled by TipRanks, six analysts have given the stock a ‘sell’ rating, five have recommended a ‘hold’ and one has suggested a ‘buy’. The average price target is $11.46, a 41.48% change from the last close price of $8.11.
The first good manufacturing practice (GMP)-certified medical cannabis producer, Tilray (TLRY) was also the first Canadian cannabis company to export medical cannabis legally to the US for a clinical trial in 2018. It now has a global footprint in seven countries, building on its expertise in cannabis research, cultivation, processing and distribution.
On 3 May 2021, Tilray announced completion of its merger with another cannabis-centric consumer packaged goods (CPG) company, the Leamington, Ontario-based Aphria.
Irwin Simon, Tilray’s chairman and CEO, commented:
As seen in the company’s Q2 fiscal year 2022 financial results published on 10 January 2022, its net revenue jumped by approximately 20% to $155m from $129m in its prior-year second-quarter revenues.
According to Wallet Investor, the NASDAQ-listed TLRY stock price could close at $9.156 by 13 January 2027, five years from now.
Analyst Vivien Azer, managing director of Cowen and Company, gave the stock an ‘outperform’ rating and a price target of $23 as of 10 January 2022.
As per data compiled by Market Beat, three analysts have given the stock a ‘buy’ rating, nine have recommended to ‘hold’ while one suggested to ‘sell’. The average price target is $12.54, 90% on the upside of the last closing price of $6.86 on 17 January 2022.
When considering whether to invest in the cannabis stocks, you should always do your own research, including considering the outlook and relevant market conditions. A number of factors can impact whether stock prices rise or fall – for example, the company’s fundamentals and broader macroeconomic factors.
There are no guarantees – markets are volatile. You should conduct your own analysis, taking in such things as the environment in which the stock trades and your personal risk tolerance. Also, never invest money that you cannot afford to lose.
The five largest publicly traded marijuana companies by market capitalisation as of 17 January 2022, according to CompaniesMarketCap, are: Curaleaf, Trulieve Cannabis, Green Thumb Industries, Canopy Growth and Tilray.
The cannabis sector has seen some significant pullbacks in 2021. One of the reasons for this has been a slowdown in the process of legalising cannabis use in the US.
However, whether investing in cannabis stocks is a suitable investment for you depends on your own investment objectives.


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Commentary from August’s Reno/Sparks Market Report…
“If the volume of sales continues, despite tight inventory, 2012 should measure up to be a banner year for sales,” said Kevin Sigstad, 2012 president of the Reno/Sparks Association of REALTORS and the broker with Re/Max Premier Properties. “Current year-to-date sales are at record levels and August had the third highest reported sales transactions for an August in history.”
August 2012 median sales price was up 6% to $175,000 compared to $165,000 in July 2012 and up 13.6% from the August 2011.
Check out the complete report here: Greater Reno/Sparks Market Report – August 2012
Related post: RSAR Monthly Market Reports – June 2012


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2 months ago
Presenting our picks of the most anticipated first-person shooters coming soon to the PC, PlayStation 4, Xbox One, and Google Stadia. These are military and sci-fi #FPS titles that we're looking forward to, scheduled to release in 2019 to 2020.
To see the full, up-to-date list of all upcoming video games, visit https://whatoplay.com/upcom...
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British Airways will install its updated Club Suites business class across the rest of its Heathrow-based 777 fleet. Retrofits are expected to complete by the end of 2022.
When we launched our Club Suite product, it was a huge hit with our customers who loved the privacy the new seat offers. We are focused on the roll out of this product and other cabin enhancements to ensure we deliver on our commitment to provide the very best British quality, style and comfort for our customers.– Sajida Ismail, Head of Inflight Product at British Airways
The Club Suite first rolled out in July 2019 on British Airways’ A350 fleet. It also flies on the Boeing 787-10 aircraft. The seat offers direct-aisle access, a suite door for greater privacy and flat-bed seats in a 1-2-1 configuration.
The first retrofit 777 took flight with the seat in October 2019. Conversions have continued, even through the pandemic. British Airways already converted 25 planes in the fleet, more than half the total.
Compared to the prior generation Club World seats, Club Suites offer significant improvements for the passenger experience. Among the notable upgrades are a significant boost in storage and 18.5″ IFE screens. The on-board content selection is expanded as well.
Some of the 777s already fly with the retrofitted seat. British Airways will be working with Collins Aerospace to bring the cabin to the rest of the aircraft.
Trevor Skelly, General Manager Integration Engineering for Collins Aerospace, said: “The upgraded Club World cabin raises British Airways’ already high standards and provides commonality across their fleet of aircraft. Our Integration Engineering team has worked closely with British Airways designers for several years to bring the latest in business class comfort, style and privacy from concept to reality.”
As part of the upgrade, the airline’s Club Kitchen is also getting a makeover with new Club chillers and built-in storage for snacks, drinks and other refreshments. These allow customers in Club World business class to help themselves to refreshments at their leisure.
The 777-300s will also receive BA’s updated first class suite seats. These also include a privacy door, plus a 23″ HD inflight entertainment screen.
BA also announced all its JFK flights expect to operate with Club Suites-equipped aircraft. While eventually this will apply to all routes, focusing on JFK first underscores the extra value that market demands and delivers.
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MANCHESTER — City voters will decide whether to allow a retail location for sports betting in the Queen City, and a public hearing on a ballot question on the issue will be held Tuesday at City Hall.
City aldermen voted over the summer to put the question whether to allow sports betting — now legal in New Hampshire under HB 480 and signed into law by Gov. Chris Sununu in July — on the Nov. 5 ballot.
The public hearing is at 6:30 p.m. Tuesday in the aldermanic chambers at City Hall.
The text of the ballot question is as follows: “Shall the City of Manchester allow the operation of sports book retail locations within the city of Manchester? If you favor this proposal, vote YES; if you do not favor it, vote NO.”
The phrase “sports book” refers to places where people can wager on professional sporting events.
Under the law, the state will select 10 sports book retail locations. If Manchester voters approve retail sports betting, the city would not be guaranteed a location, but it would allow businesses to apply for one of the state’s 10 spaces.
If the city rejects the question of a betting location, residents could still bet on sports under the law but would have to do it online or travel to the nearest location.
Speaking on background, a lottery spokesman said there is “considerable interest in Manchester” and communities throughout the state about hosting a sports book retail location, but officials won’t start accepting applications until cities and towns have voted to approve it in their communities.
In a letter to Manchester aldermen, Charlie McIntyre, executive director of the NH Lottery, writes the state anticipates launching sports betting platforms in early 2020.
“While we cannot predict if the physical sports books will be stand-alone or co-located within other commercial businesses, we do expect retailers to apply in metropolitan areas — and they can only conduct sports book operations in municipalities that have voted to allow it,” writes McIntyre. In a process identical to that allowing Keno, cities have the option to put the question to voters whether to permit the operation of sports book retail locations within the municipality.”
McIntyre recommends putting the question before voters for approval so if a retailer wishes to apply to become a sports book location, “they would not have to wait two years until the election of 2021 before they could engage in the activity.”
If voters allow the operation of sport books and an establishment is selected by the Lottery Commission, city leaders must grant that establishment approval before the Lottery will permit that location to begin operations.
Other municipalities putting sports betting questions on local ballots include Concord, Berlin and Dover.
Earlier this month Franklin became the first city in the state to allow a sports book retail location, with voters approving a ballot question with 527 ‘yes’ votes to 354 ‘no’ votes.
Lottery officials announced last month it received 13 responses to a request for proposal to oversee both online and in-person sports wagering. Officials anticipate selecting a winning vendor by November, with the first bets taking place early next year.
The state is forecasting roughly $7.5 million in gambling revenue by 2021.
Lottery officials say the Keno 603 game brought in $24 million in revenue last fiscal year and is expected to bring in $36 million this year.


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Lighting up the 2016 edition of Luminale
Germany – The 2016 edition of “Luminale”, the Light+Building parallel light art festival, has been able to create a visual connection between the exhibition grounds and the surrounding urban spaces using the power of light and colour. Over 200 innovative light installations, projects and sculptures by international artists and designers have transformed buildings, bridges, churches, industrial plants and parks of Frankfurt am Main into luminous artworks capable of delivering a peculiar allure to the city.
On this occasion, Griven supported the lighting design consultancy MAASS-Licht and, with the help of an array of Powershine MK2 S RGBW, has amazingly wall washed the ING-DiBa building, located right opposite the Messe Frankfurt, with an impressive wave of light. Provisionally installed at the base of the building, the Powershine MK2 S units have easily reached the top of the building with a uniform light distribution capable of surprising the many onlookers with its bright and lively colours.
Moreover, the ING-DiBa organisation invited its enthusiastic visitors to come with cameras, tripods and mobile phones to take pictures of the beautifully enlightened building during the six days of the exhibition and to interact with light and architecture, becoming part of a unique light event by projecting their faces on to a huge pixel screen. The dynamic colour changing effects on the ING-DiBa building have therefore been completed by a trendy and popular multimedia interaction.
1st April 2016
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By Shelly G. Keller
When “The Davis Farmers Market Cookbook” is published next March, it will celebrate one of California’s earliest and most renowned markets and the food produced by the state’s small farms.
Written by Georgeanne Brennan of Winters, an award-winning cookbook author, and Ann Evans of Davis, a food activist and former Davis mayor, the book provides a new voice that sings the praises of the Davis Farmers Market and the local food it showcases every week, year-round.
Brennan said she and Evans had the idea to write the cookbook about three years ago.
“It was one of those projects that was simmering on a back burner,” she said. “Ann and I saw all these farmers market cookbooks coming out. Ann was a co-founder of Davis Farmers Market, and I sold seeds to many of the market’s pioneer farmers, as well as selling there myself.
“Of all the farmers markets out there, Davis Farmers Market deserves to have a really good cookbook.”
Brennan has written more than 30 books, winning a James Beard Award for “The Food and Flavors of Haute Provence,” and a Julia Child Award for “Apertif.”
Evans said the cookbook is the the story of a pioneering market and the local food movement that has swept the nation.
“As a former mayor, I understand how the market provides a lot of identity on how Davis feels about itself in terms of being a healthy community,” she said. “This market was the first to be named ‘America’s Favorite Farmers Market’ by American Farmland Trust in 2009. It was crying out for its own cookbook.”
Brennan and Evans began writing together in 2003, when they authored a cover story for San Francisco Chronicle Magazine, “Yolo County: The Next Napa?” The article looked at how a quiet farming county became a gastronomical powerhouse. Their article persuasively declares, “Living in Yolo is like living in Provence without the three-hour lunches.”
Since then, the pair have co-authored articles for the Chronicle, Edible Sacramento and The Sacramento Bee, as well as their monthly column, “From the Ground Up,” for regional newspapers, including The Davis Enterprise.
Evans said she and Brennan are organizing the book to give people a simple, easy way to cook throughout the seasons.
“We have 10 basic recipes at the beginning of the book that can be adapted as cooks see tasty things in the market — from savory to sweet — followed by four chapters, one for each season, each with about 20 recipes,” Evans explained. “Each season’s recipes will take you through the meal from start to finish.”
Brennan noted that “The Davis Farmers Market Cookbook” will be different from other farmers market cookbooks in several ways.
“Ann and I have been involved in the Davis Farmers Market for more than 30 years. That gives us a historical perspective. The book is also different in the kinds of recipes we include — recipes that are both simple and accessible but that also reflect contemporary trends and interests, such as curing your own pancetta.
“The diversity of products at our market means you can shop and get everything you need to put together a fabulous meal. These recipes will reflect that.”
The two women bring a depth of knowledge about California’s food culture that few writers possess. Both are authors and trailblazers in California’s food revolution. Brennan’s books have sold more than 200,000 copies and have been translated into more than a dozen languages. She is a cooking school owner, teacher and food consultant.
In the 1980s, she co-founded Le Marche Seeds, an innovative mail-order seed company that was one of the first to supply pioneer organic farmers locally and nationwide, with imported European and Asian heirloom varieties. Local farms included Full Belly, Good Humus and Earthbound.
Evans is co-founder of the Davis Farmers Market and the Davis Food Co-op. She graduated from UC, Davis and spent 30 years working for the state of California, developing regulations for certified farmers markets, developing food co-ops statewide and publishing three books on the topic. The two women co-founded Slow Food Yolo together, and are partners in Evans & Brennan, a food consulting firm.
Evans explained that their cookbook will help cooks go deeper with their cooking skills.
“We have recipes at every level from beginner to advanced,” she said. “The book will help them bring the California food landscape right into their kitchens, whether it’s a home or professional kitchen. They’re going to feel the joy of working with farm-fresh, local food and what it means to shop the market and cook food to share.
“Our cookbook will deepen their relationship with food by inspiring them.”
Ultimately, the authors’ goal is to create a cookbook that helps home cooks reconnect with the land. Evans explained, “Working with farm-fresh food lets everyone engage their inner artist, chef and true pioneer self to find their expression.
“This cookbook may need a warning: Once you start cooking from ‘The Davis Farmers Market Cookbook,’ who knows where it will lead? Maybe to a lifelong passion.”
The cookbook will include more than 80 recipes written by Brennan and Evans, plus more than 50 full-color photos by photojournalist Craig Lee. It will go on sale March 1 for $24.95 and will be available for purchase at the Davis Farmers Market as well as in local bookstores.
— Shelly Keller is marketing and events manager for the Davis Farmers Market. Reach her at [email protected]


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Posts Tagged ‘Kia Motors in Miami’
Well, we’ve been waiting for it, and Kia Corp has finally delivered. The latest and newest addition to the Kia Corp lineup, pushing its ambitious “Plan S” electrification strategy forward, and joining the Kia Sorento in its fourth generation is the one and only 2022 Sorento Turbo Plug-in Hybrid (PHEV) SUV. Last year, the new generation of the Kia Sorento launched, and got as much of the spotlight Kia could put on it while the new generation of the Optima, the Kia K5, also shook things up. Since the release of the new Sorento, Kia Corp discussed the introduction of a plug-in hybrid variant, and now it’s finally here, with all-wheel drive (AWD) capability and three-row seating accommodations.
“The Sorento PHEV’s rare combination of drivability, efficiency and spaciousness will make it a compelling choice for our customers…We’re proud to have it join the popular Sorento model range while also playing a pivotal role in the launch of Kia’s Plan S electrification strategy.” – Sean Yoon, president & CEO, Kia North America and Kia America
Keeping it simple, the 2022 Kia Sorento PHEV will be offered in two trims: SX and SX-P. Each new Sorento PHEV is powered by a 66.9 kW electric motor and a 1.6-liter turbocharged engine, able to generate a combined 261 horsepower. The last model Kia Corp produced as a plug-in hybrid was the Kia Niro compact SUV. Able to travel up to 26 miles on purely electricity, the Kia Sorento PHEV has flown by that record, said to have a targeted 32-mile pure electric driving range. Heck, it’s better than any 3-row PHEV SUV on the market today. However, the Kia Niro PHEV has a larger total driving range, being the smaller of the two, with a total of 560 miles versus the overall range of 460 miles for the Sorento Plug-in.
Able to seat up to six passengers, the Sorento PHEV still manages to offer enough room with 143.8 cubic feet of passenger space. It’s also the only PHEV SUV to offer three-row seating. Currently leading the class, the 2022 Kia Sorento PHEV comes standard with 19-inch wheels, second-row captain’s chairs, and Syntex synthetic leather seating for the upholstery. Of course, consumers can find perforated leather seats as an option or available on the SX-P. An aluminum sport pedal is also available to transform the cockpit a bit. AWD with center locking differential and Drive Mode Select with Snow Mode also come standard and are a huge plus.
We assume the SX-P comes standard with leather upholstery, given it has all these other great additions. The cockpit is enhanced with a 12.3-in. full digital meter cluster (a Kia SUV first), Surround View Monitor to provide a 360-degree perspective around the vehicle, Blind View Monitor that projects live video feed of the driver’s blind spots, and an electrochromic rear view mirror (dims automatically in the presence of light). Other fun bits of technology to look forward to are 8 USB charging ports, a 10.25-inch high-resolution color touchscreen display with navigation and telematics (UVO link), wireless smartphone charging pad, and Bose premium sound system, available with 12 high-performance speakers.
UVO Link has been evolving fast, now offering cloud-based features calculate the optimal route using real-time maps, traffic, and AI; weather reports for more than 250,000 miles; UVO voice assist for audible commands to control the cabin climate, seat and steering-wheel heating, audio system, and other functions; user profiles; and Smart Speaker Integration with Amazon Alexa or Google Assistant. Two really convenient features added to the new UVO are Find My Car with Surround View Monitor to show the user where their car is on their phone – great for those of us who forgot where we parked. Really convenient is the Last Mile Navigation that breaks it down from driving directions to walking until the user reaches their final destination and not just the general area of the shopping plaza that it’s in.
As always, Kia Corp offers consumers a lot of safety features. Advanced features like 911 Connect and Roadside Assistance will automatically attempt to call 911 via the UVO modem are available, but there is also an assortment of standard safety features thanks to the Kia Drive Wise Advanced Driver-Assistance Systems (ADAS) suite. Each 2022 Kia Sorento PHEV comes with Blind Spot Collision Avoidance Assist – Rear (BCA-Rear) with parallel exit, Driver Attention Warning (DAW), Forward Collision Warning (FCW), Forward Collision-Avoidance Assist (FCA), Forward Collision Avoidance Assist (FCA) – Junction Turning (FCA-JT), Highway Driving Assist (HDA), Intelligent Speed Limit Assist (ISLA), Lane Following Assist (LFA), Navigation Based Smart Cruise Control-Curve (NSCC-C), Parking Distance Warning-Reverse (PDW-R), Rear Cross-Traffic Collision Avoidance Assist (RCCA), Safe Exist Assist (SEA).Want to get your hands on the 2022 Kia Sorento PHEV? The 2022 Sorento Turbo PHEV will arrive in showrooms soon enough, but pricing is still a mystery. Follow along on Miami Lakes Automall social media for updates about the Kia Sorento PHEV.
Photo Source/Copyright: Kia Media
There has been talk about a mid-cycle refresh for the Kia Stinger sports car since last summer (August 2020). The mid-cycle refresh was destined for the 2021 model year, but it seems that Kia Motors held off for the 2022 model year, because the most recent news about the Kia Stinger is also introducing a new powertrain to the lineup and will be replacing one of the current options. No sense in releasing a less-powerful engine and then replacing it with a more powerful version halfway through the year – that’s just a quick way to get angry consumers feeling cheated. With this new 2.5-liter turbo engine, the new 2022 Kia Stinger should be worth the wait.
Currently, the 2021 Kia Stinger is powered by one of two engine options. The standard engine, found only on the base GT-Line trim, is a Twin Scroll turbocharged 2.0-liter DOHC I4 engine, optimized with continuously variable valve timing (CVVT) for added performance, can generate up to 255 horsepower and 260 lb-ft of torque. The next engine up powering the rest of the GT trims – yes, all trims on the Kia Stinger are GT trims, but only the base is a part of the GT-Line collection – is a twin turbocharged 3.3-liter DOHC V6, also optimized with CVVT, able to deliver up to 365 horsepower 376 lb-ft of torque.
Just the other week, Kia Motors announced the virtual reveal of its Kia Carnival MPV, or Multi-Purpose Vehicle, spurned from its earlier motivation to produce purpose-built vehicles (PBV) after the initial wave of the COVID-19 pandemic. We didn’t know much, aside from a V6 engine and possibly three-rows, but now that the official reveal has taken place, Kia Motors has released all of the details on the all-new 2022 Kia Carnival MPV. Set to replace the outgoing Sedona, the Carnival MPV will be the first vehicle to be sold in the U.S. with Kia’s new logo, we can expect to see it in dealerships by the second quarter of this year.
Available in LX, EX, SX, and SX-Prestige trim levels, a single source makes up the powertrain for this new vehicle. A simple 3.5-liter V6 engine optimized with gasoline direct injection (GDI), and able to produce a best-in-class 290 horsepower and 262 lb.-ft. torque is paired with an 8-speed automatic transmission. Already showing some of its multiple purposes, the Carnival MPV has a towing capacity of 3500 pounds. Built on the same all-new 3rd generation “N3” platform as the capable Sorento and sporty K5, this new MPV is lighter, stronger and quieter than the outgoing Sedona. Plus, better driving dynamics equals better fuel economy.
Every year, automotive publications collect and analyze data to provide new consumers with helpful car buying information to make an informed decision. Many of these publications also hold their own awards and put together “Best of” lists throughout the year. One of these publications and U.S. News & World Report, and although this business covers a multitude of topics, it also collects plenty of information about the auto industry and often puts together many lists to help new car buyers wade through the muck and find a gem. One automaker always shining is Kia Motors, having recently received the Trifecta of 2021 “Best Cars for the Money” awards this year from U.S. News.
What is U.S. News & World Report? As mentioned, it is a global leader in digital news and information that collects information from a number of industries and offers well-informed opinions to offer consumers with advice, as well as providing their own rankings about Education, Health, Money, Travel, Cars, and Civics. With over 80 years of experience, it is one of many trusted names in the business, like Kelley Blue Book or Autotrader, and recently put together its 2021 “Best Cars for the Money” list. The awards cover 11 different automotive classes and study them for overall quality and value for its respective car segment or class – car, SUV, crossover, truck, etc.
What is in a name? What is in a logo? When it comes to Kia Motors, the South Korean automaker that has been blowing up the industry lately, knows two things about either. IT NEEDS TO BE BIG AND LOUD. When Kia first released the new generation of the sports car, the Kia K5 (previously named the Kia Optima), they went with death-defying stunt after stunt, including the live performance of the Triple Threat Event. Then, Kia Motors showed a lot of love for the new 2021 Kia Sorento, even going so far as to release it with two new adventurous special editions, the Sorento Yosemite and the Sorento Zion Edition. Now, the automaker has a new logo, and at least this reveal didn’t start any fires.
The video sure is flashy, and it ends with the announcement of a digital stream for the virtual New Kia Brand Showcase on January 15 at 12 am GMT, or 7 pm EST (oh, good!) Kia Motors has been rapidly evolving over the last several years in the industry, and with high goals set with an all-new brand purpose to become a leader in the electric vehicle market within the next few years, the new logo represents Kia’s ambition. In 2019, Kia Motors announced that it would become the next all-electric automaker and quickly followed with its first of two upcoming concepts, the Kia Futuron. A year ago, January 2020, Kia Motors then announced the Plan S Strategy. The plan is simple – produce 11 EVs by 2025, hold 25% of all sales from eco-friendly vehicles by the end of 2025, and sell 500,000 EVs worldwide and 1 million eco-friendly vehicles by 2026.
When it comes to designing an automobile in the 21st Century, the look and feel of a vehicle is constantly changing. With so many automakers adding all kinds of tech to vehicles, the line between performance and sci-fi luxury begins to blend. As automakers expand and grow, so should the look of their vehicles based on technology and engineering and the new capabilities they offer. Steadily outpacing the industry is Kia Motors, an automaker with possibly the most alternative fuel vehicles making up its lineup, and on the way to holding a 25-percent market share of all electric vehicle sales by 2025, according to Plan S. With these new vehicles comes a new style, and current models in the lineup may be a good look at what’s to come. The Kia K5 and Kia Sorento recently won the 2020 GOOD DESIGN Awards.
Going on for 70 years, the GOOD DESIGN Awards is one of the oldest design competitions in the world. In the auto industry, automakers are constantly trying to come up with new looks and styles that will attract consumers and catch their attention. With constant competition, automakers need something that helps them stand out, and programs like the GOOD DESIGN Awards highlight vehicles for innovation and pushing the envelope for style in the marketplace. Kia Motors models continue to do so every year.
Connecting with the community and the local youth can sometimes be a challenging aspect for an automaker. How does one connect without also trying to sell a product? The year of 2020 and the pandemic gave many automakers a chance to help their local communities and give back, getting involved and offering free vehicles for transportation of goods. Kia Motors is one of these automakers and is known for getting involved with the youth in the community most recently in the last few years. Always hosting or sponsoring some new function, Kia started the Great Unknown Scholarship in 2019 and started a donation initiative to fight homelessness. Kia is also known for getting involved with entertainment, such as sponsoring the 2019 European League of Legends (LoL) Championship Series and up and coming K-Pop band BLACPINK. As 2020 comes to a close, Kia Motors continues to get involved with the community and connect with a younger generation.
It’s a smart play, anyone in the business world knows this. As the years go by, a new demographic is going to be dominating the automotive market. Generation Y and Gen Z will eventually be the only consumers automakers will have to appeal to, so why not get involved with similar interests? As mentioned, since 2019, Kia has been sponsoring the LoL, and starting next year (2021), Kia has a multi-year naming sponsorship with DAMWON Gaming, the winner of the 2020 LoL World Championship. Playing under the name of DWG Kia going forward, the team will be getting new logos and uniforms along with many numerous marketing campaigns between DWG and the Kia brand for sweet exposure and possibly more sponsors.
We’re finally in the final days of 2020, and everyone is hoping for a HappIER New Year for 2021. This just wasn’t the year we were expecting. There are some interesting things happening in the automotive world amidst all the madness. In early December, Hyundai Motor Group (HMG), also known as The Group, also known as the automotive group that Kia Motors belongs to, HMG unveiled its new Electric-Global Modular Platform (E-GMP), a dedicated battery electric vehicle (BEV) platform for future vehicles. Building a fully-dedicated system for upcoming and new electric vehicles is not only a step in the right direction for streamlining electric vehicle (EV) production, but also opens up a whole new lineup of EVs. After all, why invest in a BEV platform if there are no plans to use it?
“Today our front-wheel driven Hyundai and Kia BEVs are already among the most efficient ones in their segments…With our rear-wheel driven based E-GMP, we are extending our technological leadership into segments where customers demand excellent driving dynamics and outstanding efficiency.” – Albert Biermann, President and Head of R&D Division for Hyundai Motor Group
Standardization is a Key Strategy
As we mentioned, having a dedicated BEV platform allows for quicker production of BEVs and EVs going forward. With the E-GMP, The Group suspects that the platform will be flexible enough for sedans, SUVs and even crossovers, with a high-performance model able to accelerate from 0-60 mph under 3.5 seconds, with a top speed of 160 mph. Now that is some powerful stuff for an electric vehicle.
Kia Motors has been talking up some of its new models coming out for the 2020 and 2021 model years. Most notably and recently, it’s all about the new 2021 Kia Sorento sports utility vehicle (SUV). Entering a new generation, the Kia Sorento has received a number of updates and upgrades to bring it into the new decade of automotive technology – hopefully more eventful in a good way. Speaking of technology, we discussed some of the tech highlights of the new 2021 Kia Sorento. It would seem the fame has caught on, because recently, the new Sorento received “Das Goldene Lenkrad 2020”, also known as “Golden Steering Wheel 2020”, award. Every year, this is one of many automobile prizes sought after by automakers, always striving to beat the competition. The Golden Steering wheel is presented by AUTO BILD and BILD am SONNTAG, with the former being a leading German automobile magazine based in Hamburg, Germany, and the latter known as the largest-selling German national Sunday newspaper published in Berlin, Germany.
While Kia Motors has been showing off the new generation of the Kia Sorento for the 2021 model year and the insane performance skills of the 2021 Kia K5, previously known as the Kia Optima, there has been a lot going on behind the scenes. Quick note – the Kia K5 is also entering a new generation of the model, hence the name change – actually, it’s the name the K5 was always known by in its country of origin, South Korea. Alright, so while the automaker has been placing the spotlight on its new models, Kia Motors and the Hyundai Motor Group (and subsidiaries), collectively known as The Group, have been working together for new technology endeavors, such as opening a new development hub for mobility tech, and cooperating with outside sources, such as joining forces with New Horizons Studio. Now, a new joint venture will help build and operate a network of high-powered EV charging stations across Europe to expand not only EV sales and popularity, but also reduce drivers’ worry about needing to find a charging station, a major drawback for first-time EV drivers. The Group and IONITY are working together to create a network that uses 100-percent renewable energy.


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In a five-to-four decision, the U.S. Supreme Court overturned a 96-year-old ruling that prohibited manufacturers from dictating the minimum prices retailers must charge for their goods. The court found that minimum-pricing requirements by manufacturers do not constitute an automatic violation of the Sherman Antitrust Act. Instead, such agreements must be judged on a case-by-case basis according to a “rule of reason” to assess their impact on competition.
The Supreme Court case was brought by Leegin Creative Leather Products, manufacturer of the Brighton accessories brand. Leegin had refused to sell its goods to any retailer that did not comply with its pricing policy, which mostly bans discount prices for Brighton products.
But Kay’s Kloset, a boutique in Flower Mound, Texas, put all of its Brighton products on sale. Leegin stopped selling to Kay’s Kloset, the store’s business suffered, and Kay’s parent company, PSKS, sued.
A jury, finding that Leegin’s actions were automatically a violation of the Sherman Act, awarded Kay’s Kloset $1.2 million, damages that were tripled because the actions violated antitrust laws. The U.S. Court of Appeals for the 5th Circuit upheld the ruling.
Five Supreme Court justices said that the new rule could lead to more competition and better service. The principle that past decisions should be left alone “does not compel our continued adherence” in this instance, Justice Anthony Kennedy wrote in the majority opinion. Respected authorities in the economics literature suggest that the long-standing decision “is inappropriate, and there is now widespread agreement” that price floors can help promote competition, Kennedy added.
In his dissent, Justice Stephen Breyer wrote, “The only safe predictions to make about today’s decision are that it will likely raise the price of goods at retail.”
Manufacturers praised the Court’s decision, while opponents argued that it will serve to raise prices and prevent smaller and upstart retailers, including Internet merchants, from being able to compete with established ones. Some analysts said that while the ruling shifts the power to price goods to brands and away from retailers, Wal-Mart Stores and other large chains still retained a lot of clout in negotiating with manufacturers.
The decision was the fourth antitrust ruling by the court in recent months. In each case, the court sided with defendants that were sued for anticompetitive conduct.


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FirstEnergy Corp. said it's retiring six coal-fired power plants, including plants in Cleveland, Eastlake and Ashtabula, by Sept. 1. The closures will affect more than 500 employees. The decision to close the plants “is based on the U.S. Environmental Protection Agency Mercury and Air Toxics Standards, which were recently finalized, and other environmental regulations,” Akron-based FirstEnergy said. The other plants to be closed are in Oregon, Ohio; Adrian, Pa.; and Williamsport, Md.
The Week: Jan. 23-29, 2012
TransDigm Group Inc. of Cleveland agreed to buy AmSafe Global Holdings Inc., a supplier of proprietary safety and restraint equipment used primarily in the aerospace industry, for $750 million. The seller is a group controlled by private equity firms Berkshire Partners LLC and Greenbriar Equity Group LLC. TransDigm said AmSafe, which is based in Phoenix, had revenue of about $260 million in 2011.
Cuyahoga County will use part of its new, $100 million economic development fund to guarantee private business loans that otherwise would not be bankable. County Executive Ed FitzGerald said a county loan guarantee will be available for bank loans that can't be fully guaranteed by the U.S. Small Business Administration. Lenders that already have agreed to participate are Charter One Bank, Citizens Bank, Fifth Third Bank, the Grow America Fund, Huntington Bank, KeyBank, Lorain National Bank and PNC Bank.
The state of Ohio will get $1.4 billion upfront, and a share of profits down the road, for selling its liquor business to JobsOhio, the nonprofit created by the Legislature to spearhead the state's job creation effort. The expectation is that JobsOhio will control about $100 million annually, its share of the liquor profits, to use for grants and low-cost loans to companies that agree to bring a business to Ohio or to expand existing operations in the state.
Constantino's Market in March plans to open a grocery store in the University Circle area with the help of a $2 million federal loan. The location at 11451 Euclid Ave. will be part of the Uptown apartment and retail complex that MRN Inc. is building, said Constantino's owner Costas Mavromichalis. He said he expects to get some business from the apartments, but the main reason he wanted to open the store is because he sees pent-up demand for a grocery store at Case Western Reserve University.
American Greetings Corp. secured an increase and extension of its revolving credit agreement. The amendment extends the term of the agreement to January 2017 from June 2015, increases the amount that can be borrowed under the credit line to $400 million from $350 million, reduces the commitment fee due on undrawn borrowings, and lowers the margins paid on borrowings.
SPR Therapeutics Inc. closed on a $2.2 million Series A investment round that it will use as it works to win regulatory approval for a product designed to alleviate pain through neurostimulation. The company in Highland Hills expects in the second quarter to win approval to sell its first product, the Smartpatch Peripheral Nerve Stimulation System, in Europe. The startup expects to gain approval to sell the product in the U.S. in early 2013.


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An extra $1,800 in Child Tax Credit money is headed to thousands of families next month. Here's who is slated to receive it -- and why.
Ether, the second largest cryptocurrency by market capitalization, fell around $1,100 over the same time period. The leading cryptocurrency reflected a broader drop in crypto markets, according to CoinDesk’s price index, with some cryptocurrencies falling more than 20% over the past 24 hours. According to CoinGecko, the overall market cap is currently hovering around $2 trillion.
(Bloomberg) -- Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female Founders‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsReliving the New York Subway Map DebateAutomating the War on Noise Pollution‘Pension Poachers’ Are Targeting America’s Elderly VeteransThe largest digital token fell as low as $42,296 before paring some of the
A foremost money manager has predicted that the price of Bitcoin could fall to $10k if certain things happen.
On a day when the Nasdaq index is down more than 2%, it shouldn't be surprising that aggressive growth names in the EV sector are leading the way. In addition to market sentiment going against high-growth, speculative companies such as these, Chinese stocks in general are in the crosshairs today. Despite the recent macro factors impacting the share prices of Nio, XPeng, and Li Auto, each company reported strong growth in its latest delivery update.
The Dow Jones fell sharply. Tesla stock took a tumble on an Elon Musk move. Apple stock struggled. DocuSign stock cratered after earnings.
“There are people who wouldn’t talk to me for years and years,” says Wojcicki, who was formerly married to Google cofounder Sergey Brin.
Shares of workflow and project management software outfit Asana (NYSE: ASAN) sank over 28% today as of 3:40 p.m. ET. The small cloud-based service company has been soaring ever since its initial public offering (IPO) in 2020, but after its third-quarter earnings update, the stock has now backtracked all the way to where it was this past summer. As for Q3 fiscal 2022 earnings (for the period ended Oct. 31, 2021), Asana posted year-over-year revenue growth of 70% to $100 million.
If you were planning to do a “Roth IRA” conversion to keep your retirement savings permanently out of the hands of the IRS, you might want to get on it. The new tax bill on Capitol Hill is going to scrap these conversions for everybody after the end of the year — and, no, not just for those earning more than $400,000 a year. The bill “prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after Dec. 31, 2021,” reports the House Ways & Means Committee.
Shares of Canopy Growth (NASDAQ: CGC), Sundial Growers (NASDAQ: SNDL), and Tilray (NASDAQ: TLRY) were all down by over 14% this week as of noon ET Friday, according to data from S&P Global Market Intelligence. In their latest earnings reports, for example, Canopy Growth and Sundial were both forced to write off millions in inventory due to sluggish sales and changing consumer trends. Canopy and Tilray are both banking heavily on the U.S. legalizing marijuana at the federal level soon.
Friday is looking like a lousy day to own unprofitable electric vehicle (EV) stocks. Up and down the supply chain -- from the companies that mine lithium to those that turn lithium into battery packs to those building networks of charging stations -- all EV stocks are tumbling.
AT&T (NYSE: T) was once considered a stable blue-chip stock for income investors. AT&T's decline can be traced back to three big mistakes. First, it bought DirecTV for $49 billion in 2015 in an ill-fated attempt to expand its pay-TV business.
Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? JD.com , Nio, Li Auto, Xpeng and BYD Co.. China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity.
Shares of Adobe Inc. are sinking Friday and on track for their worst performance in more than 20 months, after DocuSign Inc. delivered what some saw as a the latest sign of a cool-down in demand for work-from-home software.
A reader has just written in urging me to take another look at Roth IRAs. This follows my previous column, in which I said I was wary of them, partly because I figured I’ll be paying a lower tax rate in retirement than I am while I’m working. “The tax rate is not the issue; it’s the amount of tax you will be paying,” he reminds me.
How much money people have put away for retirement naturally varies by age group. See how your savings stack up.
Yahoo Finance's Emily McCormick details Didi's announcement that it will pivot from the NYSE to Hong Kong.
Bitcoin (BTC) continued lower on Friday toward $53K as sellers were more active than buyers. Analysts are monitoring macro headwinds that could cause investors to reduce exposure to speculative assets. Although some short-term traders are shifting focus to altcoins for potential gains.
Making money for shareholders has been in Warren Buffett's blood since taking over as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965. Over that time, he's led Berkshire to an average annual gain of about 20%, which translates into aggregate gains, including the year-to-date performance of the Class A shares (BRK.A), of approximately 3,500,000%. Based on the latest 13F filing with the Securities and Exchange Commission, Berkshire Hathaway has stakes in 45 securities.
Hydrogen fuel-cell stocks sank on Friday as macroeconomic news rattled the stock markets and triggered a massive sell-off in growth stocks in particular. Bloom Energy (NYSE: BE): Down 6.6%. Pressure started to build on hydrogen and fuel cell stocks earlier this week after the emergence of a new and potentially more infectious COVID-19 variant, omicron, shook nations across the globe.
On a day when many stocks are down, investors in Smith & Wesson Brands (NASDAQ: SWBI) are seeing red. Investors are clicking the sell button today in response to the fiscal second-quarter earnings report, which the company released yesterday after the market closed. Falling short of analysts' expectations that it would report revenue of $265 million and earnings per share (EPS) of $1.29, Smith & Wesson reported Q2 2022 sales and EPS of $231 million and $1.13, respectively.


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The 13th annual 2009 Snowbird RV Show Sale, running Sept. 24-27 at the TRADEX centerin Abbotsford, British Columbia, is poised to offer unparalleled insight into the future of the RV industry in British Columbia by showcasing the latest and greatest in recreation vehicles, accessories, gadgets, travel destinations and more, according to Surrey Now.
With more than 180,000 square feet of display space — indoors and out — British Columbia’s only fall RV show caters to everyone from full-time RVers to families taking short weekend trips to those interested in learning more about the lifestyle opportunities that recreational vehicles present.
More than 50 exhibitors will showcase new and innovative RVs, accessories, electric bikes, resorts, RV properties, gadgets, private sales and more.
This year’s show also features many of the new and innovative “green” product lines being offered at dealerships in the Lower Mainland, including the Evergreen Ever-Lite, the first true indication that the industry is steering toward a more sustainable future.
On the “This Old RV Seminar Stage,” industry experts will offer free daily seminars. Highlights include John and Harriet Halkyard, authors of “99 Days to Panama,” and Mike and Terri Church, who have penned a series of RV and car camping travel books.


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Charity golf outing set
April 28, 2003,
The Midwest Textile Association has announced the date for its Annual Charity Golf Outing. The event will take place Sept. 8 at The Golf Club of Dublin, located here. For information, contact Kathy Guiles at (614) 478-3421 or firstname.lastname@example.org.
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The truth is, we are all data points waiting to be sacrificed on the altar of ads.
Now, reports have it that Facebook is set to recover the money it spent to buy WhatsApp three years ago, $22 billion to be precise, and the only way it can do that is through advertisements.
Facebook & Whatsapp:
Where this might be scary to the average users because no one likes ads, especially on WhatsApp, it is not as bad as you think.
They intend to create another application called Whatsapp for Business. ‘WhatsApp Business’ will be free for small businesses, with a paid version targeted at those with a global customer base. The new app would provide three solutions — First, the ability to create a business profile on WhatsApp. The second is providing a platform to manage inquiries from customers or potential customers. Third, is the ability to promote businesses by putting WhatsApp numbers on the store front. In other words, on WhatsApp Business, your business name will be verified and a green check mark badge appears next to it, with that you will be able to create a company profile with key information.
Although this would be free, WhatsApp plans to charge businesses in the future.
Here is why this isn’t exactly bad.
Facebook claims that businesses will only be able to message people who have provided their phone number and agreed to be contacted by the business over WhatsApp. It also means that YOU HAVE FULL CONTROL TO BLOCK A BUSINESS.
However, given how Facebook is, I expect this to evolve and be similar to how Messenger inserts ads into the stream.
So, businesses should rejoice because new business tools are set to launch. Users can rejoice, too, at least for now, because you still have the power.


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The biggest buzzword in the luxury replica watch world these days is “hype” – and nobody does hype better than New York-based streetwear brand Supreme. While their signature colour is red, everything they touch seems to turn to gold. While their own goods are immensely popular around the world, Supreme has engaged in all sorts of collaborations – everything from limited-run branded NYC Metrocards, a digital stopwatch with cheap super clone TAG Heuer, to a collection with Louis Vuitton. But, within the watch community, perhaps the most prized Supreme item would be their rare customised run of perfect replica Rolex Submariner watches in 2013 that had engraved casebacks and dial text in Supreme red that said “Fuck Em”. These friends and family Supreme Submariners pop up every now and again, commanding asking prices far above a Submariner’s at anywhere between $50K-$100K. Now, nine years later, rumours are swirling that another Swiss made fake Rolex Supreme watch will arrive Fall/Winter 2022 – and that it may even be an official factory customisation this time around.
To be clear, the two circulating images are artist renders. They are not official images of any kind. The first render mockup imagines a 1:1 replica Rolex Oyster Perpetual Date with a red Supreme dial, the Supreme text cut off rather than scaled to fit the dial. Were something like this to happen, it would mean, like the 2013 Submariner, these watches would be aftermarket customised.
The second, and far more intriguing claim, is that an official collaboration is incoming. In this artist’s rendering, a presumably white-gold AAA fake Rolex Day-Date is outfitted with a silver sunray dial that places a small Supreme logo at 6′ and the day-disc at 12′ conveying the familiar “Fuck Em” text rather than the calendar day.
To ensure everyone is up to speed, there is a huge difference between aftermarket customisation and factory customisation – especially in regard to cheap replica Rolex UK. For example, a watch, such as a Patek Philippe Nautilus completely covered in diamonds, is far more valuable if the diamonds are a factory configuration set at the manufacture, than if they are set by a jeweller at the request of a client. The Swiss movement fake Rolex Supreme Submariner of 2013 falls into the latter camp, the dial text and caseback engraving not added by super clone Rolex at the factory – rather by a jeweller or watchmaker enlisted by Supreme.


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Tuesday, April 8, 2014
Shares of AU Optronics (AUO, 友達) and Innolux Co. (群創) recently surged dramatically amid rising demand, improving inventory prices and encouraging buying from foreign institutional investors that saw a 1 percent rebound from ten consecutive months of decline.
Economics Minister Chang Chia-juch expressed hope Monday that the Legislative Yuan will handle the service trade pact with China at the same time as it considers legislation monitoring future cross-Taiwan Strait agreements, warning that any further delay of the pact will hurt Taiwan's economy.
Asustek (華碩電腦) today will launch a trio of the Intel-powered ZenFone 4-6 in Taipei, although the target market will be China and the direct competitor will be mainland-based rising smartphone star Xiaomi Technology.
Taiwan's total imports rose by 7.5 percent from a year earlier to US$25.80 billion, while total exports in March grew by 2 percent year-on-year to US$27.76 billion, according to official statistics.
Taiwan shares closed lower Monday as investors remained cautious after the benchmark index reached a 33-month high last week, dealers said.
Monday, April 7, 2014
MediaTek Inc., one of Taiwan's leading integrated circuit designers, is expected to benefit from a merger with MStar Semiconductor Inc. to become the 12th-largest IC supplier in the world in 2014, according to a research report released Wednesday.
The Chung-Hua Institution for Economic Research (CIER, 中經院) is expected to make an adjustment to its 2014 GDP growth forecast of 3.03 percent, on April 15, according to local news sources.
Local airlines and travel industry groups are holding out hope that China's effective ban on its citizens changing planes in Taiwan will be lifted soon, they said Saturday, ahead of a high-profile international forum in China next week.
Taiwan-based smartphone vendor HTC Corp. is expected to enjoy sequential sales growth of up to 50 percent in the second quarter because of the launch of its new flagship model and its ambitions to penetrate mid-range markets, an advisory firm has said.


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Facebook’s Oculus Quest 2 was Preordered Five Times More Than Predecessor.
The company’s latest VR headset, the Oculus Quest 2, has received five times as many preorders as its 2019 predecessor, Mark Zuckerberg confirmed on the company’s Thursday earnings call, saying the device’s reception has “surpassed our expectations.”
The Quest 2, which at $299 costs $100 less than the original and includes a faster processor, more lightweight design and has a more high definition display, began shipping to customers earlier this month. Read more…..
Chart of the Day
An advertising boycott of Facebook continues to grow, and Mark Zuckerberg shows no sign of backing down.


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Making money is something that everyone lives for, but what about virtual money, are they capable of fulfilling dreams as well The Cyptocurrency is a development that has swept across the new generation with a reliable digital payment option. Taking the technology forward is the ICO or Initial Coin Offering. A number of names have emerged in the past few years in the ICO bandwagon and Shopicoin is one of the latest additions. The company boasts of a strong base and has gained a new momentum joining hands with Shopizio e-commerce Limited.
Mr. Chittaranjan Roy, CEO Shopicoin ICO while lighting lamp at the event
In an event held for the pre-launch of the Shopicoin ICO, Mr. Chittaranjan Roy, the CEO was heard saying, “We want to carve a niche in the digital world through our customer-oriented projects that also reflect our modern outlook.” He further said “Extending our futuristic business concept is Shopicoin that merges the traditional benefits of crowdsourcing with the modernity of the Blockchain.”
Mr. Chittaranjan Roy, CEO Shopicoin ICO
On asking what makes Shopicoin different from other ICO programmes, Mr. Roy clarified that Shopicoin refrains from any sort of false claims and promises to the investors. It is getting launched with a lot of transparency and adopts a long-lasting approach keeping the interest of the investors in mind. He also revealed that as the ICO proceeds, there will be many more pleasant surprises for those, who want their funds managed and multiplied, in a dynamic way.
It is notable that the Shopicoin ICO offers a number of extra income features under following programmes
Binary Level Income
Referral Income and
Directors Club Bonus
Investors are also entitled to rewards on holding of the tokens till the completion of the ICO. If that is not all, they can trade their Shopicoins on recognised Crypto exchanges, once ICO gets over.
With so much noise about Blockchain and Cryptocurrency going around, trying your hand in the crypto world is not a bad idea at all. And with companies like Shopicoin, investors are in safe hands, going by the words of the CEO. In the age of Internet, where physical transactions are losing their importance, Shopicoin not only offers ease of payment, but also a promising future to the investors.
About the Company
Shopicoin Cryptocurrency Limited (Registration code: 14807386) was incorporated on 18th September, 2019 in Rosenitn13, J 0111, Tallinn linn, Harju Maakond, Republic of Estonia, with a share capital of EUR 2500.
Shopicoin is a cryptocurrency based on the concept of propagating convenience in financial transactions and it is this concept that makes it a superior payment solution. It is an answer to the search for a dependable digital currency backed by modern, real world applications. Shopicoin promises to start off a new wave of decentralized and trusted payment in world e-commerce ecosystem, which would work along with the current platforms. Our competitors in the market would include all the e-commerce platforms that fail to provide viable benefits before consumers. Consumers would have the power to both gain and retrieve Shopicoin tokens on our e-commerce marketplace, Shopikuchbhi. One of the basic benefits of being on Ethereum Block chain would be to merge the advantages of Payments & Rewards in certain products where customers would be excited to get hooked in via utilization of Blockchain technology.
For more information about the ICO and the company visit shopicoin.in.


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- 2 min read
77% of Indian travellers hope to find travel romance on their next trip: Booking.com
The research also reveals that 74 per cent of Indian travellers would want to stay somewhere close to plenty of nightlife options so that they can meet new people.
The year2022 will be the year to make the most of unpredictability, as the world continues to tide through the uncertainties of the pandemic. As travellers remain optimistic about travel possibilities and make up for lost vacation time, recent research by leading travel brand Booking.com revealed that finding holiday romances is expected to be on Indian travellers’ agenda this year. With the season of love upon us, Booking.com’s Travel Predictions 2022 research revealed that 2022 will be the time for Indian travellers to branch out and make some new connections.
Swipe right on new faces and places
Tired of swiping through the same faces for the past year and a half, people will also be making use of their favourite dating apps while on vacay in 2022 with travel providing an exciting opportunity to find love. Booking.com’s research predicts a resurgence of holiday romances, with 77 per cent of Indian travellers hoping for one on their next trip. In fact, the research also reveals that 74 per cent of Indian travellers would want to stay somewhere close to plenty of nightlife options so that they can meet new people. While a vacation can act as a starting point for holiday romance, it doesn’t have to stop when parting ways at the end of the trip thanks to video calls becoming part of our everyday lives. This implies that we expect to see more than a few of these holiday romances turn into the real deal.
Travel as a means to expand social circle
Meeting new people is often the starting point of romances. For many, the pandemic meant spending an extended and intense period with our closest friends and loved ones, giving limited facetime with new people. In 2022, we expect to see travellers using their vacations as an opportunity to expand their usual social circles, with 81 per cent of Indian travellers wanting to meet new people while away. Furthermore, 77 per cent of Indian travellers look forward to socialising while on vacation in order to expand their social circles.
As Valentine’s Day draws closer, Booking.com data shows that Indian travellers are travelling to leisure destinations like Goa, Jaipur, Manali and Udaipur besides metros from February 11 to 14 to celebrate. Hotels emerged as the most booked accommodation type during this time followed by resorts and guest houses.
Ritu Mehrotra, Regional Manager, South Asia at Booking.com said, “The pandemic has forced us to rearrange our priorities in life and realise that freedom has never been more precious than it is now. In 2022, we will not only see travellers reconnecting with friends and family but also actively seeking out new relationships, as shared in our Travel Predictions 2022 research. As travellers set out to explore new relationships and meet new people while away, Booking.com will be there to make it easier for them to reclaim their travel mojo and enjoy all of the unforgettable experiences travel has to offer.”


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Photo: Robert Clark
Manhattan home sales weren’t quite a turkey in November, but a hearty helping of tryptophan may have been enough to send buyers into a “holiday lull.”
Sales fell to their lowest level in over six months likely due to a combination of buyers being preoccupied with the Thanksgiving holiday and a usual post-summer buying season respite. That’s according to a report released last week by the listing site CityRealty.com.
Over the last month, the number of sales dropped from 924 to 809 in November, the fewest since April.
The “November lull” is certainly not a new trend — in 2016, the fewest sales in any month were recorded in November. And although that wasn’t the case in 2015, there were fewer sales than most other months that year — as was also the case in 2014.
“I don’t think it necessarily says anything about the market that there were far fewer sales — usually we have to wait and see if it’s a trend that continues over a few months before drawing conclusions,” CityRealty.com’s Director of Research Gabby Warshawer tells BuzzBuzzNews.
Some 396 condos and 413 co-ops were sold in November. Sales volume dropped from $1.8 billion to $1.6 billion in November.
Meantime, the average price of a Manhattan apartment, including both co-ops and condos, rose to $2 million in November, up from $1.9 million recorded the previous month.
Manhattan condos sold for an average of $2.6 million in November, down slightly from $2.7 million recorded in October. At the same time, co-ops averaged $1.4 million, up $200,000 from the previous month.
And in December, sales in Manhattan’s luxury submarket — or units that sold for $2,000 per square foot and above — declined to the lowest level recorded in the last six months. The number of contracts signed fell sharply from 76 in November to 60 in December.
Sales volume fell drastically from $504 million to $434 million in December.
December’s top sale was a unit in One57, which sold for $36.7 million. Interestingly, the same unit sold for $51 million in 2014, “representing a huge drop in value” over the course of just three years. However, there’s more to that sale than meets the eye and it may not be a reason to panic just yet.
“It’s a really odd case — it was a foreclosure sale of a unit owned by a Nigerian oil tycoon. It’s super-rare to see foreclosure sales at a price point like this,” Warshawer tells BuzzBuzzNews.
And while December’s top luxury sale doesn’t say very much about Manhattan’s housing market overall, it clearly indicates that units in One57 are “not faring well from a pricing standpoint on the resale market as they did just a few years ago,” Warshaw adds.
Click here to read the entire report.


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There’s a growing trend from the ultra rich these days, where they purchase these massive ‘superyachts’ — not just regular yachts, ones that typically go well over a hundred feet in length, and is required to have a permanent crew. Billionaires keep throwing money into this growing industry and sales on these massive luxury crafts were up significantly in 2018.
Former UFC owner Lorenzo Fertitta is part of this elite club, and he reportedly just had his superyacht delivered, which is estimated to be worth $125 million.
The motor yacht named ‘Lonian’ is 285 feet (87 m) long, with a 45 foot (13.8 m) beam and will be run by a crew of 27 people. It has an “owner’s stateroom, four large guest rooms and two VIP staterooms” that can have 14 guests living luxuriously. According to the report, it also has a large pool, and will also have helicopter landing facilities.
It took three years to build the Lonian, and footage of the superyacht can be seen below:
Apart from its hefty price tag and the salaries of the permanent crew, superyachts are also very expensive to dock and maintain. It is estimated that owners have to pay 10% of the vessel’s value in upkeep each year, so Lorenzo’s Lonian could cost him at least $12.5 million a year to maintain.
Lorenzo’s brother Frank Fertitta III also seems to be enjoying the fruits of the UFC’s $4 billion sale, as he is also reportedly about to have his own superyacht delivered from the same company in the Netherlands. Temporarily called Project 817, Frank is expected to have a whopping 308 foot (94 meter) superyacht launched this year.
The Fertitta brothers Lorenzo and Frank is said to have previously owned a 194 foot (59 m) and 205 foot (62 m) respectively prior to having these much bigger ones built.
A superyacht is a symbol of extreme luxury, but doesn’t seem to be a good investment as it normally sits around all year and almost guarantees losing money on resale. That doesn’t seem to stop the Fertittas and the other ultra rich from constantly buying them though, because well, they can.
The Fertitta brothers also have an extensive art collection (which may be a far better investment than superyachts, as long as you don’t store them in there). In 2017, Frank was involved in a historic bidding war which made a $110M Basquiat the most expensive American artwork ever sold in auction.
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