text:
Lending Briefing: Gen Z is expanding the credit market
- The US credit card market continues to grow: the number of credit cards topped 500 million for the first time ever at the end of Q2 2022.
- Younger generations are behind the increase, experts say, as more Gen Zers start their credit journeys.
The US credit card market continues to grow, with more indicators showing that younger generations are behind this increase as they begin their credit journey.
The number of credit cards topped 500 million for the first time ever at the end of Q2 2022, up from approximately 465 million in Q2 2021, according to TransUnion's quarterly credit study. Overall, credit card originations increased 26% in the last year.
Gen Z has been fueling this increase, with originations attributed to this generation up 32% between Q1 2021 and Q1 2022 (originations have a one-quarter lag in reporting).
"We see lenders offering more access to credit to non-prime consumers, some of whom are new to credit. This is a welcome development as more consumers have gained access to credit during a time when high inflation has placed a greater burden on their wallets," said Michele Raneri, vice president of U.S. research and consulting at TransUnion.
Meanwhile, total Q2 credit card balances grew by 13% year-on-year – the largest growth in more than 20 years, but this is skewed by the relatively lower balances carried throughout the pandemic.
But it's notable that Q2 2022 credit card balances were up by 30% for Gen Z and 22% for Millennials, compared to an 11% increase for the overall population, according to VantageScore research.
Plus, inflationary pressures are also driving consumers to reach for their credit cards more than before.
The serious delinquency rate for subprime borrowers – measured as the percentage of subprime cardholders who are 90 or more days past due on any card – was 16.2% in Q2 2022.
This is a clear increase from the 11.5% rate seen in Q2 2021, but again, the metric is skewed by the fact that last year many borrowers were able to use pandemic-related government stimulus payments to pay down debt levels.
Plus, an uptick in delinquencies is normal when you have new market entrants. Gen Z is again behind this rise, explained Paul Siegfried, senior vice president and credit card business leader at TransUnion.
“While serious delinquencies are rising, that is to be expected when more consumers – many of whom are new to credit – secure a credit card. On the positive side, serious delinquencies are nowhere near concerning levels. Overall, it’s a positive for the credit ecosystem to have younger consumers gain access to credit so they can build their credit profiles for the future,” he said.
Gen Z and Millennials show bigger rises in card delinquencies compared to other age groups, VantageScore research found.
TransUnion's study also found that the subprime segment’s total balances grew 51.7% year-on-year, the highest growth rate ever achieved. But again, this was in comparison to the very low levels seen in 2021, Charlie Wise, head of global research at TransUnion, told Tearsheet.
“Most consumer risk tiers, including subprime, saw significant drops in bankcard balances in 2021 as pandemic-related stimulus payments, coupled with lower spending, enabled borrowers to pay down their card balances. Balances have increased over the past year as most stimulus programs have ended and spending levels have increased. For subprime, the YoY balance growth has brought balances back in line with levels seen prior to the pandemic,” he said.
Subprime loan balances represented 6.9% of total balances in Q2 2022, well below the 7.6% share seen prior to the pandemic in Q2 2019. Average bankcard balance per subprime cardholder is also 11% lower in Q2 2022 compared to Q2 2019.
Overall, the bankcard balance distribution is largely back to pre-pandemic levels, with higher shares of balances now held by lower-risk super prime and prime plus borrowers, which should give card issuers some reassurance, Wise added.
Quote of the week
"Most fintechs try to burn down Rome and say, 'Rome is useless to us, now let’s go rebuild a new city'. In our perspective, that's not quite true, there are many things that do work. We wanted to take on the role of an innovator for existing banks, thinking of how to help them with their aging technology and innovate in the marketplace."
What we're reading
Leading with software when building a lending business
The barrier to entry for embedded finance is too damn high
Why your data science problems are engineering problems
Is it time to start using race and gender to combat bias in lending?
Lendflow partners with Ocrolus to improve access to credit for SMBs
Truework, which helps lenders verify borrowers' income and employment, raises $50 million
Founderpath, a revenue-based financing provider for startups, raised $10 million in equity and $135 million in new debt
Chart of the week
Fintech investment over the past decade: Less to lending, more to crypto...
Source: F Prime
What we're writing
Drying investments, falling valuations, increasing layoffs: Is the ‘fintech bubble’ bursting?
As VCs turn the focus to profitability, fintech startups may have a tough couple of years ahead as they begin taking cost-cutting measures.
“We have no intention of going away from the banks”: Extend CEO Andrew Jamison on running an SMB-focused fintech in a downturn
As fintechs are still trying to figure out how to serve the SMB segment profitably, banks could start partnering with software vendors to improve their middle market services.
“Look under the hood”: The difference between ESG and sustainable investing
As ESG investing is becoming increasingly popular and flooded with bad actors, investors are growing wary of greenwashing and overwhelmed by the flurry of options.


text:
- Apple finally unveils the new iPad Air Read more »
- Google's Nexus 5 is rumored to be launched this Novembe... Read more »
- Microsoft Offers Another $100 Discount to their Origina... Read more »
- Lenovo Desktop PC Doubles as a Large Tablet Read more »
- Robotic Vehicle Gets Wheelchair Bound Person to Stand U... Read more »
- Human-Powered Roller Coaster Offered in Japan Bicycle T... Read more »
- Analog Camera Filter for DSLR Cameras Offers Instagram-... Read more »
Words from the other side of the fence pointed out that Sony will be rolling out its PlayStation Vita to the US and UK this holiday.
After the E3 2011, rumors are starting to spread that Sony already announced the release date and price of its upcoming PlayStation Vita. Based on the leaked information, the NGP will be coming to the US this Christmas, with a UK release date following not far behind. As for the price, the PS Vita will cost $249 (£152) for Wi-Fi only, and $299 (£182) for the 3G model.
Furthermore, AT&T is believed to be the exclusive provider of the PS Vita 3G model in the US. However, these information can be just mere speculations. Nevertheless, seeing Sony in race for the most sought after gift this holiday makes perfect sense.
So just keep it posted here at GADG for more Sony PlayStation Vita updates.View Article Source »
As Sony present PlayStation Vita at E3 2011, they also discussed about the internal memory card for the said console.
At the presentation of Sony’s PlayStation Vita E3 2011, Sony also showed the new removable internal memory card for the said console. It will be available in 4 GB, 8 GB, 16 GB, and 32 GB as it was said in E3.
Unlike the memory stick, the said memory card appearance is very close to a variety of SD(Secure Digital) cards that has an ultra small flash memory card designed, it just have a little notch in its side confirming they hew to Sony’s unfortunate habit of using proprietary storage formats. But the cost of Vita’s memory card is still shrouded with mysteries.View Article Source »
The Xbox 360 Wireless Speed Wheel may not bring a motor sports fans' blood boiling. But it is more convenient to use than the Fanatec CSR Elite wheel.
The Xbox 360 Wireless Speed Wheel, a U-shaped device that is more convenient to use and more affordable than the Fanatec CSR Elite, is a simple lightweight controller that has an over-sized button or trigger on its grips’ backside. This thing is likely to clap against the back, as you smash the throttle because it has a low resistance. This means that it is easy to be accurate on the gas or brake.
On its right prong are the four fac buttons, on the other side is the D-pad. While the Start and Back are placed in the middle of the device with the Guide button. The L and R shoulder buttons didn’t make it and that is the sad part.
That makes GADG think what it would be for those gamers who uses it for manual shifting. The triggers feel great and as you shift using the D-pad, you might find it clumsy but it works. The Speed Wheel might not bring the most spine chilling racing experiences, but it is more user friendly than your average wheel and pedal setup when it launches this October.
Wii's successor is no longer Project Cafe. It's now Wii U!
During the E3 2011 conference, Nintendo revealed that Project Cafe has been renamed as Wii U. The Wii successor is a white console with a six-inch touchscreen, two thumbsticks, camera, motion sensor, face buttons and base unit. Wii U features a roaming mode, wherein games are displayed on the touchscreen; and a fixed mode, where the controller outputs to a TV. In addition to this, Nintendo promises zero latency for this link.
Moreover, both screens can be used at once, although the touchscreen does not output in HD. However, HD is available when the controller is connected to a HD TV. As Nintendo’s Satoru Iwata said in E3 2011:
View Article Source »
“As an industry, what we haven’t achieved yet is a game platform that is equally satisfying for all players,’ said Nintendo’s Satoru Iwata. ‘Yet, this is exactly what we intend to create with our new home platform.”
Microsoft kicks off this year's E3 with new games, features and announcements.
Microsoft kicks off the E3 2011, announcing that Modern Warfare 3 is set to arrive this year. Next on the list is the unexpected demo of Tomb Raider, where Lara Croft finds herself trapped and escaped from the holding area, and navigating the dungeon filled with enemies and puzzles. After that is Cliff B of Epic Games, demonstrating the latest Gears of War 3 level.
Following the game demos, EA Sports, Ghost Recon Future Soldier and Mass Effect 3 announced their Kinect-ability. In addition to this, the Mass Effect 3 announced its Speech Recognition capabilities in Kinect, wherein gamers can give their squad basic commands and select conversation options using voice. Other Kinect titles that were revealed are Fable Journey, Disneyland Adventure, Minecraft and Forza 4 that is set for an October 11 release. Next in the Kinect game announcements is the FunLabs. The software was unveiled to scan real-life objects and people, and bring them into a virtual world.Read the rest of the article »
Sony's next handheld gaming console is no longer PSP2 or NGP, it's now called Vita.
Just when gamers are getting used to NGP or Next Generation Portable, the Sony PSP’s successor got a new branding. A week before E3 2011 kicks off this June 7, a splurge of pre-conference speculations claim that the PSP2 will be renamed as Vita. In addition to this, an insider for video game site – GamesPundit – also said that Vita will be ‘the definite and final name of the new system’.
Initial rumors about the console’s new branding heated up after Mega Rock Blog published a series of Vita photos. However, it was pulled off immediately. Nevertheless, expect to learn more about the Sony Vita or PSP2 or NGP when the E3 2011 takes place in Los Angeles.View Article Source »
The console wars begin anew as Nintendo Wii will most likely heat up the competition with their next generation home console.
With less than two months away until the Electronic Entertainment Expo or E3 2011 kicks in to rock the video game industry, many people are already wondering what’s going to happen and what surprises are in store for our Xbox360s, PS3s, Nintendo 3DS, etc.
E3 has always been a mini-barometer on how gamers react to a gaming company’s platter. If one line is way longer than the other, that only means that company A is doing much better than company B. Sony, Ninendo and Microsoft have already given hints to what they’ll bring into the console wars during their more or less two hours of unadulterated attention, and it looks like we’ll be seeing more of what we already know, but let’s hope it won’t be a snoozefest.Read the rest of the article »
Is Nintendo finally revealing its next gaming console this E3 2011? Let's hope so, because the Nintendo Wii is getting really old.
Official or unofficial, the Nintendo Wii is as good as gone, as it’s main competitors have caught up in the motion sensory department. So what’s next in-line for Nintendo’s wave of innovation, or what some would call it Nintendo’s gimmick train? Well, we’re about to find out soon, as rumors are brewing around the gaming industry halls that the company is set to unveil their new console at this year’s Electronic Entertainment Expo or E3 2011 from June 7 to June 11 in Los Angeles.
Game Informer has obtained information from anonymous sources that Nintendo’s new gaming console will make its much awaited debut at E3, or possibly even sooner. The sources shared that along with HD capabilities (finally), the new console will be an entirely new system from the Nintendo Wii.Read the rest of the article »
Is Nintendo really bringing Wii's price down to $150? Do we really even care?
Rumor is brewing around the gaming industry that Nintendo is finally going to drop the Wii down to $150 from its much overdue $200 price tag. According to reports from a “trusted source” via Engadget, the price slash is coming May 15th, less than a month before E3 2011.
Even though Wii is sitting on the top of the gaming console food chain year-after-year, the price cut is a much welcome move to consumers. However, that wouldn’t probably change the fact that Nintendo Wii still needs good titles to survive.
The Nintendo Wii has been around for a long while now, and with the rise of the Xbox 360 Kinect and the PlayStation Move, it seems like the revolutionary movement-based console is starting to lose its steam to the competition. Will the Nintendo Wii price slash be enough to nail the console’s dominance in the sales charts?View Article Source »
Written on January 03, 2013
Written on December 28, 2012
Written on December 21, 2012
Written on December 17, 2012
Written on December 17, 2012

domain: news


text:
Since it launched in 2008, Airbnb has revolutionised the way many of us travel. Goodbye bland hotel room, hello chic artist’s loft apartment. It’s not hard to see why millions have joined the site. In South Africa alone, the number of people using Airbnb has shot up by an incredible 255 per cent in the past 12 months with 11,000 properties now listed in the country. This spike in popularity has not gone unnoticed by Airbnb, which in July announced plans to “accelerate its growth” in the rainbow nation.
Read full article: http://www.nataal.com/airbnb-in-africa


text:
Rabat - The dizzying ascent of bitcoin shows no sign of slackening this Tuesday, as the cryptocurrency has exceeded the record high of USD 10,000, having seeing its value multiplied by 10 in less than a year.
Rabat – The dizzying ascent of bitcoin shows no sign of slackening this Tuesday, as the cryptocurrency has exceeded the record high of USD 10,000, having seeing its value multiplied by 10 in less than a year.
Set at USD 10,004 around 11 a.m. this Tuesday, bitcoin has now officially broken the symbolic threshold of USD 10,000 after appreciating nearly 20 percent over the last three days.
Where to now? For billionaire hedge fund legend and former Fortress executive Mike Novogratz, bitcoin’s value will “easily reach” USD 40,000 by 2018.
For Novogratz, who predicted the cryptocurrency would break USD 10,000 before the end of 2017, a big “wave of institutional investors” is coming to the bitcoin market across the world, with several major firms like the USD 95 billion Man Group and Fidelity Investments, which manages over USD 3.2 trillion worth of assets, leading investors into the bitcoin market.
Many other investors beside Novogratz also predicted large price corrections in the far future. This week, BitGo engineer Jameson Lopp stated that major corrections could occur as bitcoin evolves into a trillion dollar market.
Lopp emphasized that even an extreme correction, such as a 50 percent decline in price, would only set back the bitcoin price by two months.
As a result of rising cryptocurrency prices, the combined market value has reached over USD 300 billion, according to CoinMarketCap, making it larger than the market capitalization of Wal-Mart, the world’s largest retailer.
By mid-October, the cryptographic currency was trading at USD 5,000. The recent surge is all the more spectacular as bitcoin started the year around USD 1,000, then stumbled shortly thereafter in one of its regular crashes.
According to data from the Monaco-based Altana Digital Currency Fund, the online digital currency exchange platform Coinbase registered 300,000 new users between Wednesday and Sunday, during the Thanksgiving weekend in the United States. The total number of users of Coinbase reached 13.3 million worldwide.
Without physical existence, Bitcoin is not governed by a central bank or a government but by a large community of Internet users and accepted in a growing number of transactions. Relying on a peer-to-peer payment system based on blockchain technology, it is traded on specific platforms on the internet and has no legal tender.
For its supporters, it offers a secure alternative to traditional currencies: the “blockchain” makes the transactions tamper-proof because, in order to modify information, it is changed simultaneously among all users.
This characteristic is of great interest to the banking sector, where the blockchain could open new horizons, simplify dematerialised transactions, and generate savings.
“Bitcoin could become a safe haven for investment professionals if the traditional monetary system collapses,” says Mikhail Mashchenko, an analyst at prominent social trading platform eToro.
“The demand for bitcoin is growing as the crypto market has become less volatile, and an increasing number of professional investors see it as insurance,” he told Russia Today.
However, the meteoric rise of cryptocurrencies has led to multiple warnings from central bankers, banking executives and institutional investors about the risks of a bubble. Even some hedge fund platforms are avoiding the cryptocurrency as they fear it may be a fad.
“Such a surge will be based on emotions, not on fundamental factors,” explain Mashechenko. “Further growth of the cryptocurrency will require something more than euphoria.”
For David Futter, a Fintechs expert at the Ashurst law firm in London, “regulators know that cryptocurrencies and blockchain can pay big dividends, but they also bear in mind the catastrophic consequences that this can have if good governance, stability and control are not preserved.”
The main competitor of bitcoin, ether (also called Ethereum), has also experienced a stratospheric flight this year, appreciating by more than 6,000 percent. This cryptocurrency, launched at the end of 2015, reached a high of just under USD 500 on Monday, for a capitalization of nearly USD 50 billion.


text:
Reports suggest that the initiative is still undergoing development. If the tech giant decides to move forward with the initiative, it would affect their current chip maker, Intel, drastically.The company currently earns 5 percent of its income from Apple. However, the move would be great for Apple because it would allow the tech giant the ability to create better models on its own time.
“We think that Apple is looking at ways to further integrate their hardware and software platforms, and they’ve clearly made some moves in this space, trying to integrate iOS and macOS,” said Cross Research analyst Shannon Cross. “It makes sense that they’re going in this direction. If you look at incremental R&D spend, it’s gone into ways to try to vertically integrate their components so they can add more functionality for competitive differentiation.”
The change would also separate Apple from other PC makers, like Dell, HP, and Lenovo, that rely on Intel to make chips. Even though Apple does not plan to create its own chips until 2020, the company is have been integrating their own user-facing features for years. A new software platform, titled Marzipan, is scheduled for release this year. The software will enable consumers to use iPhone and iPad apps on their Mac computers.
Apple’s initiative signals a potential trend of PC makers designing their own parts. This could be problematic for Intel in the long run. This is not the first time that the company has shaken up the industry. In 2005, the tech company announced a partnership that ended the company’s chip-making partnership with IBM and Motorola. Since Apple is known for their high-speed light devices, they are working to ensure that they are able to do this without Intel chips. It is very likely that Apple will begin their transition with laptops before moving onto desktop devices and iPhones.
The biggest mobile phone chip provider, Qualcomm, is partnering with PC makers to introduce light laptops with the help of its ARM chips. The chip provider hopes to gain an edge over Intel. Microsoft is supporting Qualcomm’s effort by creating a Windows operating system that runs on Qualcomm ARM-based chips.
Despite the efforts of several others, Intel’s dominance in the chip-making market cannot be denied. The company is known for its ability to create technology that outdoes all of its competition.
Intel refused to comment on Apple’s latest initiative.


text:
New Ratings Highlight Corporate Responsibility and Environmental Factors
For those who want to pick their next vehicle by relying on "principled facts" and a sharp focus on "environmental, economic, social and 'all-around' performance," the Automotive Science Group has deployed its proprietary methodology to come with top choices in nine different vehicle segments. The Group takes into account everything from the costs of extracting natural resources for manufacturing right up through end-of-the-life-cycle recyclability.
Or, as explained by Colby Self, managing director of ASG: “Based on the principles of ecological economics, we have developed a comparative automotive assessment that recognizes corporate social responsibility efforts that ultimately lead to the best end-products for the market while remaining financially relevant to mainstream consumers.”
And for 2014, those products include top-five all-around performers like:
ASG also singled out a handful of entries for best-in-industry recognition. For example, the 2014 Nissan LEAF and Mitsubishi Mirage were rated as having the lowest environmental footprints over their full life-cycles, with the LEAF as the overall leader and the MIrage as the No. 1 selection among traditional gas-powered vehicles.
The 2014 Chevrolet Spark was honored for having the lowest five-year ownership costs, including both purchase and operating costs.
Finally, looking at social performance—how well automakers support the rights of those folks who assemble and manufacture their products—the BMW Group and Nissan were acclaimed for “produc[ing] award-winning vehicles in multiple classes, demonstrating sound corporate social responsibility initiatives.”


text:
Posted Fri Feb 23, 2018 at 09:08 AM PST by Tom Landy
Liam Neeson's final action film arrives on both formats in April.
In an early announcement to retailers, Lionsgate says 'The Commuter' will be available on Blu-ray and 4K Ultra HD Blu-ray on April 17.
Michael's (Liam Neeson) daily commute home quickly becomes anything but routine. After being contacted by a mysterious stranger (Vera Farmiga), Michael is forced to uncover the identity of a hidden passenger on his train before the last stop. As he works against the clock to solve the puzzle, he realizes a deadly plan is unfolding and is unwittingly caught up in a criminal conspiracy. One that carries life and death stakes, for himself and his fellow passengers.
Each release will feature a Dolby Atmos soundtrack and supplements include two featurettes: End of the Line and Off the Rails.
You can find the latest specs for The Commuter linked from our Blu-ray and 4K Release Schedules, where it is indexed under April 17.
See what people are saying about this story in our forums area, or check out other recent discussions.
The latest news on all things 4K Ultra HD, blu-ray and Gear.


text:
The Ministry of Economy and Commerce (MEC), in collaboration with Ali Bin Ali, dealer of Apple in Qatar, has announced the recall of a number of Apple 13-inch MacBook Pro (non-Touch Bar) because a component may fail causing the built-in battery to expand.
Consumers can use the link - https://www.apple.com/support/13inch-macbookpro-battery-replacement/ - to check if their device qualifies for this programme and communicate with the company to make the necessary repairs free of charge for eligible devices, the MEC has said.
In a statement on Tuesday, the ministry stressed that the recall campaign came within the framework of its ongoing efforts to ensure that suppliers followed up on product defects and recall defective items in a bid to protect consumers.
The ministry will co-ordinate with the dealer to follow up on the maintenance and repair works and communicate with customers to ensure that the necessary repairs are carried out.
The MEC has urged all customers to report any violations to its Consumer Protection and Anti-Commercial Fraud Department through the call centre: 16001, email: [email protected], Twitter: @MEC_Qatar, Instagram: MEC_Qatar and the mobile app for Android and iOS: MEC_Qatar
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Specialised courses urged for environment inspectors to enforce laws
New health insurance system to save time and cost: experts
Souq Waqif Boutique Hotels crowned as 3rd best hotel in Middle East and 13th globally
A scurry of squirrels to take the park by storm
QTerminals Classic winners honoured
Al Thumama Stadium sheds light on headgears around the world
Ministry carries out cleanup campaign at Abu Dhalouf Beach
Al Sheehaniya Municipality records 10 violations during inspections
QRCS launches annual Warm Winter Campaign


text:
As I noted in a blog about The Kelsey Group’s Local Online Media event in London last week, analysts, speakers and the audience were positively upbeat about the Yellow Pages business. The feeling by all was that the stock market has overreacted to some negative information about Yellow Pages. This has been exacerbated by bloggers and journalists, most of whom spend all day at their computers or on their Blackberries and wouldn’t want to admit doing something as old school as looking up a business in the printed Yellow Pages.
The Yellow Pages Association published its new 2007 usage data yesterday that says print directory usage was stable in 2007 and online directory references climbed 15 percent, so that overall there was a 3 percent increase in U.S. directory lookups. My guess is that the numbers are similar in other countries, only the online component most likely grew even faster than it did in the United States. As my colleague Charles Laughlin commented in his blog on the YPA numbers, “the fact that online is growing gives publishers a good story to tell, assuming advertisers, investors, the media and other audiences are receptive to the multi-channel argument.”
Cornel Riklin, CEO of European Directories, asked at our London conference what the industry can do to improve its perception among both advertisers and consumers. The Kelsey Group believes in the increasing importance of public relations, in particular press releases. SES London keynote speaker Fred Marckini, chief global search officer for Isobar, made the case that press releases will play an increasingly important role in the search world as video, social networking and the growth of universal search can make a story reach a huge number of people and have a long shelf life.
The worldwide Yellow Pages industry has a compelling value story to tell. But publishers won’t get that message across piecemeal — company by company, even country by country — in an increasingly global world. And they don’t have the money to do it in an advertising or promotional campaign. In my view, the solution is through an organized public relations effort that uses the growing power of universal search. The industry needs to revisit the concept of working together to put up a united front about the benefit to consumers and advertisers of print and Internet Yellow Pages.
This is not a complicated message. It can be done with leadership. The industry needs to counter the messages of journalists, bloggers and commentators who are too quick to dismiss Yellow Pages as a dinosaur based on little evidence beyond their own habits for finding information on local businesses.
As Charles Laughlin wrote, “Publishers can affect the outcome by investing in their products, maximizing their visibility and content and improving distribution.” In their own territories, Yellow Pages publishers should fight for every advertiser, encourage usage, and compete wherever and however necessary.
But the worldwide industry needs to use an old tool (public relations) in a new vehicle (next generation Web search) to reach a broad market. Otherwise, the false perception that revenue migration is moving from print to Internet overnight could become reality.
This is a serious and urgent issue. A unified offense is a better course than a disorganized (or nonexistent) defense. It is time for the global Yellow Pages industry to fight back.


text:
The German family behind one of Australia’s most popular supermarket chains is embroiled in a bitter stoush over its matriarch’s will.
Cäcilie Albrecht, the widow of Aldi co-founder Theo Albrecht, died in November last year aged 92.
In her will, Mrs Albrecht accused her five grandchildren and their mother Babette Albrecht, the widow of her late son Berthold, of drawing more than 100 million euros ($157 million) from the company coffers to finance their lavish lifestyles.
“With this document I undertake to ensure the preservation of the philosophy of our family, which is to serve the consortium Aldi Nord and to foster this, at the same time as setting aside self-interests and practising a modest and abstemious way of life,” she said in her will, which was made public by the German newspaper Bild am Sonntag over the weekend.
Aldi, known for its low grocery prices, was founded by brothers Karl and Theo Albrecht in 1946 after they took over their mother’s store in Essen. That store was opened in 1913.
Aldi – short for Albrecht Diskont – split into two separate companies in 1960, now known as Aldi Nord and Aldi Süd.
Both arms operate internationally, with more than 10,000 stores in 20 countries, including Australia.
The German retailer is governed by three foundations – Markus, Lukas and Jakobus – to protect Aldi from a hostile takeover.
Mrs Albrecht, nicknamed Cilly, led an incredibly private life, but played a key role in Aldi until her death.
She sat on the board of the Markus foundation, which held 61 per cent of Aldi Nord shares.
The grande dame of the Aldi empire said the thought of her grandchildren and daughter-in-law making decisions for the Markus foundation filled her “with deep sadness and concern”.
She accused them of misusing millions of euros from Aldi’s Jakobus foundation and enjoying lifestyles that went against Aldi’s philosophies of frugality and simplicity.
She also banned them from making any future decisions about the company.
“Berthold himself said when he was alive that he had considerable doubts as to the suitability of his children to respect the life’s work of my husband who, with my support, built the consortium Aldi Nord, and to serve it with respect and with responsibility towards its thousands of employees,” the will said.
The family has denied the claims.
“Piety and decency dictate that this will should not be publicly evaluated,” family lawyer Andreas Urban said.
“The heirs of Berthold Albrecht have always been concerned since the death of their father, more than six years ago, for the welfare of Aldi Nord.
“This can be deduced in particular from the considerable financial means which have flowed into the company from the Jakobus foundation as well as from the support for important corporate projects. The heirs of Berthold Albrecht therefore need not reproach themselves in any way.”
The Albrecht elders had shunned the limelight after after co-founder Theo Albrecht was kidnapped and freed after paying a ransom in 1971.
But Babette Albrecht has flaunted her life of luxury, appearing on dancing TV program Let’s Dance, being interviewed by Gala magazine, and splashing out on expensive cars and art.
Aldi opened its first Australian store in Sydney in 2001 and has more than 500 outlets across the country. The Australian operation is part of Aldi Süd.
Aldi has declined to comment to 9Finance.


text:
2:17 a.m. Dec. 19, 2018
- By Tomi Kilgore
General Mills stocks jumps after profit beat, but sales comes up shyShares of General Mills Inc. jumped 3.5% in premarket trade Wednesday, after the parent of Cheerios, Haagen-Dazs and Yoplait branded consumer foods reported a fiscal second-quarter profit that beat expectations, although sales came up a bit shy. Net earnings for the quarter to Nov. 25 fell to $343.4 million, or 57 cents a share, fro $443.8 million, or 74 cents a share, in the same period a year ago, as lower operating profit and higher net interest expenses were partially offset by a lower tax rate. Excluding non-recurring items, adjusted earnings per share came to 85 cents, above the FactSet consensus of 81 cents. Sales increased 5.1% to $4.41 billion, below the FactSet consensus of $4.51 billion. North America retail segment sales fell 3% to $2.68 billion, missing the FactSet consensus of $2.73 billion, and convenience stores and foodservice sales were flat at $514 million, compared with expectations of $519 million. The stock has tumbled 38% year to date through Tuesday, while the SPDR Consumer Staples Select Sector ETF has shed 7.5% and the S&P 500 has declined 4.8%.
7:26 a.m. Oct. 28, 2018
- By Tonya Garcia
Paleo, keto, vegan: Major food companies aim to meet different diet needs during the holidays With so many different diet regimens now popular, major food companies are feeling the pressure to provide optionsAs more people adjust their dining habits to exclude or include certain items, major food companies are adjusting their product lines.
10:34 a.m. Sept. 22, 2018
- By Philip van Doorn
Consumer stocks have doubled the S&P 500’s return this year — here are the winners Robust economic growth has put Americans in a mood to spendRobust economic growth has put Americans in a mood to spend.
11:15 a.m. March 22, 2018
- By Tomi Kilgore
Consumer staples ETF suffers longest-ever losing streakThe SPDR Consumer Staples Select Sector ETF slumped 0.8% Thursday, and while it was the third-best performing tracker of the 11 key S&P 500 sector, it suffered its longest losing streak since it began trading in December 1998. The ETF (XLP) has declined for nine-straight sessions, and has lost 5.7% during its streak. The previous record losing streak was the eight-session stretch ending Jan. 8, 2002. On Thursday, 30 of the XLP's 35 components declined. Among the biggest losers, shares of Mondelez International Inc. lost 2.38%, Kraft Heinz Co. shed 2.36% and General Mills Inc. fell 2.33%. Among the most active components, Coca-Cola Co.'s stock declined 0.6% and Walmart Inc. shares gave up 1.2%. The best performer was Altria Group Inc.'s stock , which tacked on 0.7%. Separately, the SPDR Consumer Staples Select Sector ETF tumbled 2.1%, the seventh loss in nine sessions, and the S&P 500 dropped 2.5%, also suffering its seventh loss in nine sessions.
6:04 a.m. Feb. 24, 2018
- By Tonya Garcia
General Mills is making an $8 billion gamble on pet food, but it may pay off Shoppers spent $20 billion on pet care in 2017, with dog food making up half the spend, according to Nielsen dataGeneral Mills Inc. is taking a risk with its $8 billion acquisition of Blue Buffalo Pet Products Inc., its first foray outside of food for human consumption, but feeding animals could bring a welcome sales boost, analysts said Friday.
8:45 a.m. Feb. 23, 2018
- By Rachel Koning Beals
Is a lab-grown hamburger what’s for dinner? ‘Flexitarians’ also want plant-based protein in the mix — and most want it to taste, smell and sizzle like meatAlternatives to conventionally produced meat, whose water and land use, waste runoff and the controversy around antibiotic treatments have some consumers rethinking food sources, are positioned alongside plant-based meat substitutes to grab nearly one-third of the global protein market in the next few decades.
3:53 a.m. Feb. 23, 2018
- By Cara Lombardo
General Mills to acquire pet-products maker Blue Buffalo for $8 billion Natural pet foods are the fastest-growing portion of the $30 billion U.S. pet food market, according to General MillsFood giant General Mills will buy Blue Buffalo, a pet-food-and-products maker, for $8 billion, or $40 per share.
3:48 a.m. Feb. 23, 2018
- By Victor Reklaitis
These stocks still look good even with the ‘end game’ coming Critical information for the U.S. trading dayThe short week and the Winter Olympics are winding down, but is it also the home stretch for the bull market?


text:
Honda Motor Co Ltd (HMC.N)
17 Feb 2017
Get access to over 18 million research reports from over 1,700 sources.
For several years, Reuters.com has provided analyst research reports for downloading. In an effort to streamline our website, analyst research will now be available from our dedicated page for Thomson Reuters On Demand, and the Reuters service will discontinue as of September 30, 2016.
Thomson Reuters On Demand provides over 18 million research reports from 1,700 sources.
Moreover, Thomson Reuters On Demand offers fast and cost-effective solutions that would allow you to retrieve information on:
- private equity
- third-party document and information retrieval
- and much, much more…
Click here to request a report and the team of expert analysts will get back to you shortly, to ensure you get the report you need.
|57||2015||Executive President, President, Representative Director|
|58||2016||Executive Vice President, Representative Director|
|58||2016||Senior Managing Executive Officer, President & Executive President of Subsidiary, Director|
|56||2016||Senior Managing Executive Officer, Chief Director of Business Administration, Chief Director of Driving Safety Promotion, Director|
|58||2016||Senior Managing Executive Officer, Chief Director of Production, Director|
- Indonesia watchdog says Yamaha, Honda distributors guilty of price-fixing
- BRIEF-Sumitomo Mitsui Trust Holdings reports a 5.3 percent passive stake in Honda Motor Co as of Dec 31, 2016
- Honda, Hitachi Automotive to form EV motor joint venture
- UPDATE 2-Honda, Hitachi Automotive to form EV motor joint venture
- Honda, Hitachi Automotive say to form EV motor joint venture


text:
Steve Berkowitz, senior vice president of the online services group for Microsoft, said ads would be made for Facebook, but they could also be aimed at any of MSNâ€™s various Internet properties, which have a total of 400 million users worldwide. At the same time, ads running on MSN properties may also appear on Facebook, depending on what audience the advertiser wants to reach.
Phil Leigh, president of Inside Digital Media, a market research firm specializing in digital media, said of the deal. â€œBut Facebook is also a legitimate test bed, a place where Microsoft can test new technology in a commercial context,â€™â€™ he said.
â€œWhat weâ€™ll see is Microsoft attempt to do some fairly leading-edge type of things, involving banner ads, animation and interactivity,â€™â€™ he added. â€œWhatever technology they develop and use effectively in Facebook, theyâ€™ll be able to use it elsewhere.â€™â€™
“…think of us as becoming the eBay of advertising where we will bring together buyers and sellers in an online marketplace.”


text:
TOKYO (Reuters) - Japan’s economy is expected to have slowed sharply in the third quarter as demand across Asia ebbed, keeping the Bank of Japan and policymakers under pressure to inject more stimulus to revitalize growth, a Reuters poll found.
The poll of 21 economists predicted the economy grew at an annualized rate of 0.4 percent in the third quarter, a significant downgrade from last month’s 1.3 percent forecast.
The world’s third-biggest economy shrank an annualized 1.2 percent in the April-June quarter due to weak capital spending and as Asia’s locomotive China continued to lose momentum. Some analysts fear the economy may have slipped into recession.
To support growth, Prime Minister Shinzo Abe unveiled his new “three arrows” last month - a target to boost gross domestic product (GDP) to 600 trillion yen ($5 trillion), lifting the fertility rate and pursuing social welfare reforms.
Economists were largely skeptical of the impact of the new arrows on growth, with eight of the 14 analysts who responded to the question saying it won’t support the economy while six took a positive view.
“In addition to weak economic data such as factory output, inflation expectations data like the BOJ’s tankan survey on firms’ price projections weakened in recent months,” said Yuichiro Nagai, economist at Barclays Securities Japan.
Despite sputtering economic growth and persistently low inflation, Bank of Japan Governor Haruhiko Kuroda has repeatedly downplayed the need for fresh policy stimulus, remaining optimistic that domestic demand and consumer spending will recover.
Most analysts, however, doubt the BOJ can achieve its 2 percent inflation goal by the middle of fiscal 2016, and expect the central bank to offer more stimulus as global growth slows and China’s economy remains in low gear.
Six of 13 analysts said the central bank would ease further at the Oct. 30 meeting. Of the rest, six expect fresh easing to occur next year, while one said the BOJ would ease again in December.
“We expect the BOJ will accept the delay in achieving its 2 percent price target because of oil price falls and we forecast the BOJ will not ease policy this month,” said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute.
“Also, the yen is stable around 120 yen per dollar, which we think is another factor for the BOJ to refrain from easing.”
The poll predicted core consumer price inflation - including oil products but excluding volatile fresh food prices - will rise to only 0.1 percent in the fiscal year to March 2016 and to 1.0 percent next fiscal year, unchanged from last month’s medians.
Earlier this month, the BOJ held off from expanding stimulus, even as slumping exports and falling oil prices threaten its rosy projection.
($1 = 119.0200 yen)
Polling by Khushboo Mittal and Kailash Bathija; Editing by Shri Navaratnam
Our Standards: The Thomson Reuters Trust Principles.


text:
|The LevelTen team. (LevelTen Photo)
Several years ago, LevelTen CEO Bryce Cruz saw that companies like Microsoft, Google, Amazon together with Apple were starting to obtain up renewable tasks in a major way. He smelled a option.
Smith went upon to observed LevelTen, a good Seattle-based new venture that will allow companies large together with modest to buy clean power on the internet. The company merely brought up $20. 5 mil to help fuel the growth of its software and even grow its presence in North America and Europe.
Strength markets are sophisticated. LevelTen’s marketplace lets businesses fund new clean power projects without wading too far into the wonky globe of controlled utilities in addition to power buy agreements.
LINKED CONTENTCheck out there GeekWire’s collection of recent Seattle plus Pacific Northwest startup money deals.
“One of the reasons many of us created the marketplace was to increase these prospects beyond the particular Microsoft in addition to Google together with Apple’s associated with the world to more compact companies, ” said Cruz, who previously went utility-scale solar company OneEnergy.
Simply five years ago, the idea that businesses might fund their own clean up energy projects was nevertheless incredibly new. Only 8 corporations — which includes Google, ‘microsoft’ and Apple — signed such contracts around 2014. minecraft autoclick , 75 businesses funded contracts for a few. 43 gigawatts associated with sustainable energy, according to the Business Renewables Heart.
The fresh inflow of cash follows LevelTen’s first major fundraising circular two decades ago and brings the company’s whole funding to $27. a few million. Prelude controlling overseer Tim Woodward may become a member of LevelTen’s board connected with administrators.
“What some sort of [clean energy] assignment needs to get built is actually a assured long-term revenue steady stream, ” said Smith. “You can’t build a wind or solar project except when you include that responsibility from you to definitely buy the particular power. ”
Through the program, companies essentially pledge for you to pay a fixed amount of money to the energy that a new project makes. If the fact that price winds up being less than the market amount for energy in this future, this company will create money; if not, the company loses money. Possibly technique, they can claim to help have reduced their co2 footprint together with acquire green energy credits from the project.
Some of LevelTen’s shoppers include Salesforce, Gap, Bloomberg and Workday. More in comparison with captal up to $1 billion worth of replenishable power has been bought through the system hence far.
While Seattle has not usually been a key cause of cleantech startups, Jones considers that’s changing. “Now that will software is a vital component of every single sector, Seattle can be emerging like a hotbed of energy development, ” this individual claimed. Different cleantech online companies in the neighborhood consist of solar investment support Omnidian and peer-to-peer energy buying and selling platform Drift.
LevelTen generally connects companies to wind turbine and solar projects, although there are also options to buy straight into power storage, biomass and even modest hydroelectric projects. The organization, a new 2017 graduate from the Detroit Techstars accelerator plan, increased twofold its member of staff headcount for you to 21 last year which is based in Seattle’s Fremont local community. It currently features jobs in 45 U. Ersus. states.
Going onward, LevelTen plans to expand it has the existence in the two The eu and The usa and create more tools the fact that allow companies to acquire advantage of typically the market data that it possesses amassed.
Accueil Non classé Clean energy marketplace LevelTen Strength raises $20. 5M to support companies ‘go green’
Minecraft can be be the most effective selling game of all time and represents a huge piec…
One with the strengths of net of things (IoT) technologies is that the idea can do so quit…
Minecraft is be the most effective selling game ever in addition to represents a huge chun…
For my first ‘rant’ sort post, this is definitely a strange subject for you to talk about,…
Charger d'autres articles liés
Charger d'autres écrits dans Non classé


text:
|By Business Wire||
|May 12, 2014 02:00 AM EDT||
iBasis, a KPN company, and P4, a mobile network operator in Poland, today announced the launch of international high-definition (HD) voice between the mobile operators PLAY, P4’s mobile brand, in Poland and KPN in The Netherlands. Subscribers of PLAY and KPN mobile can now call each other and experience the high-fidelity of HD Voice. HD Voice provides crystal clear audio by reducing background noise and delivering a wider frequency range.
The HD voice service utilizes a multi-service IPX interconnect between PLAY and iBasis and the iBasis HD-enabled Premium Voice over IPX (PVIPX) service. The PVIPX service delivers true high-fidelity voice through advanced coding technologies and mechanisms and provides all necessary transcoding between wideband and narrowband codecs to resolve any interoperability challenges across different operators’ networks.
“HD Voice is the most significant innovation in international voice service in many years, providing dramatic improvements in the quality of cross-border and cross-cultural communication,” said Willem Offerhaus, CEO of iBasis. “We are very pleased to work with PLAY and KPN Mobile to enable mobile callers in Poland to enjoy the remarkable quality of HD voice when calling friends, family and colleagues in Holland and vice versa.”
As more mobile operators, fixed operators and over-the-top (OTT) providers interconnect with the iBasis IPX for premium voice service, those networks can become HD destinations for all other HD networks connected to the service. In addition, iBasis’ mobile HD Voice coverage operates seamlessly with Voice over LTE (VoLTE) networks, utilizing the same coding technology (AMR-WB).
“We are delighted to expand superior HD Voice quality to international calls, thanks to our cooperation with iBasis,” commented Jacek Niewęgłowski, Chief Strategy Officer of PLAY. “The enthusiastic response of Play customers to the HD Voice experience fuels our efforts to broaden the reach of HD Voice services to cross-network and international calls.”
PLAY introduced HD Voice in 2012 and provides domestic HD voice service to its PLAY subscribers in Poland. KPN introduced HD Voice in its mobile network in the Netherlands in early 2012. Today, HD Voice has been deployed in more than 100 mobile networks in 71 countries, and there are more than 320 HD-Voice handset models on the market, including those from Apple, Samsung, and Nokia.
iBasis offers a full portfolio of products over its multi-service IPX platform. In addition to the HD-enabled Premium Voice over IPX service, the company provides GRX, SMS and LTE Signaling and Roaming and Voice over LTE (VoLTE).
Play is the fastest-growing mobile operator in Europe, with more than 10.7 million subscribers in Poland. The company provides mobile voice, messaging and data services to consumers and businesses (in particular to small office/home office subscribers and small/medium enterprises) on a contract and prepaid basis. Play provides these services via an extensive, modern and cost-efficient 2G/3G/4G LTE telecommunications network. Through this network PLAY provides coverage to 89% of the Polish population as of December 31, 2013, and available network is extended to 99% of the population through long-term national roaming/network sharing agreements with the other three major Polish mobile network operators. For more information, visit the Play web site: www.play.pl
A wholly-owned KPN company, iBasis is a leading international voice carrier and a provider of data services and solutions for mobile operators. The company offers a comprehensive portfolio of voice termination services and data services, including messaging, signaling and roaming, for many of the world’s largest fixed and mobile operators, as well as “over-the-top” and voice-over-broadband service providers. iBasis customers include KPN and its mobile operators and more than 1,000 other providers around the world. The company can be reached at its worldwide headquarters in Burlington, Mass., USA at +1 781-505-7500 or at www.ibasis.com.
iBasis and KPN are registered marks. All other trademarks are the property of their respective owners.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Nov. 23, 2014 07:30 PM EST Reads: 1,672
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 23, 2014 12:00 PM EST Reads: 1,607
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Nov. 23, 2014 07:45 AM EST Reads: 1,457
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Nov. 22, 2014 10:00 PM EST Reads: 1,341
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Nov. 22, 2014 05:30 PM EST Reads: 1,439
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
Nov. 22, 2014 05:30 PM EST Reads: 1,287
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Nov. 22, 2014 05:30 PM EST Reads: 1,452
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Nov. 21, 2014 09:15 PM EST Reads: 1,362
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
Nov. 21, 2014 08:00 PM EST Reads: 1,377
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of ...
Nov. 21, 2014 08:00 PM EST Reads: 1,429
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 21, 2014 07:00 PM EST Reads: 1,285
Focused on this fast-growing market’s needs, Vitesse Semiconductor Corporation (Nasdaq: VTSS), a leading provider of IC solutions to advance "Ethernet Everywhere" in Carrier, Enterprise and Internet of Things (IoT) networks, introduced its IStaX™ software (VSC6815SDK), a robust protocol stack to simplify deployment and management of Industrial-IoT network applications such as Industrial Ethernet switching, surveillance, video distribution, LCD signage, intelligent sensors, and metering equipment. Leveraging technologies proven in the Carrier and Enterprise markets, IStaX is designed to work ac...
Nov. 20, 2014 09:15 PM EST Reads: 1,373
C-Labs LLC, a leading provider of remote and mobile access for the Internet of Things (IoT), announced the appointment of John Traynor to the position of chief operating officer. Previously a strategic advisor to the firm, Mr. Traynor will now oversee sales, marketing, finance, and operations. Mr. Traynor is based out of the C-Labs office in Redmond, Washington. He reports to Chris Muench, Chief Executive Officer. Mr. Traynor brings valuable business leadership and technology industry expertise to C-Labs. With over 30 years' experience in the high-tech sector, John Traynor has held numerous...
Nov. 20, 2014 06:00 PM EST Reads: 1,333
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 20, 2014 04:45 PM EST Reads: 1,124
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
Nov. 20, 2014 01:00 PM EST Reads: 1,580
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
Nov. 20, 2014 12:30 PM EST Reads: 1,790
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Nov. 18, 2014 09:00 PM EST Reads: 2,015
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
Nov. 18, 2014 08:15 PM EST Reads: 1,566
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Nov. 18, 2014 01:30 PM EST Reads: 2,007
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world. The next @ThingsExpo will take place November 4-6, 2014, at the Santa Clara Convention Center, in Santa Clara, California. Since its launch in 2008, Cloud Expo TV commercials have been aired and CNBC, Fox News Network, and Bloomberg TV. Please enjoy our 2014 commercial.
Nov. 13, 2014 05:00 AM EST Reads: 3,543


text:
Dell, Intel, and Samsung are among the six companies who have come together to establish a new industry consortium focused on improving interoperability and defining the connectivity requirements for the billions of devices that will make up the Internet of Things (IoT).
The Open Interconnect Consortium (OIC) is focused on defining a common communications framework based on industry standard technologies to wirelessly connect and intelligently manage the flow of information among personal computing and emerging IoT devices, regardless of form factor, operating system or service provider.
Member companies will contribute software and engineering resources to the development of a protocol specification, open source implementation, and a certification program, all with a view of accelerating the development of the IoT. The OIC specification will encompass a range of connectivity solutions, utilizing existing and emerging wireless standards and will be designed to be compatible with a variety of operating systems.
Leaders from a broad range of industry vertical segments — from smart home and office solutions to automotive and more — will participate in the program. This will help ensure that OIC specifications and open source implementations will help companies design products that intelligently, reliably and securely manage and exchange information under changing conditions, power and bandwidth, and even without an Internet connection.
The founding companies say the first OIC open source code will target the specific requirements of smart home and office solutions. For example, the specifications could make it simple to remotely control and receive notifications from smart home appliances or enterprise devices using securely provisioned smartphones, tablets or PCs. Possible consumer solutions include the ability to remotely control household systems to save money and conserve energy. In the enterprise, employees and visiting suppliers might securely collaborate while interacting with screens and other devices in a meeting room. Specifications for additional IoT opportunities including automotive, healthcare and industrial are expected to follow.
The Internet of Things also could be employed to combat climate change. According to AT&T and the Carbon War Room, global greenhouse gas emissions could be reduced by 9.1 billion metric tons by 2020, or 18.6 percent of all emissions in 2011, through the widespread adoption of machine-to-machine (M2M) technologies.
In June, Unilever, John Lewis and EE, the UK’s largest mobile and Internet provider, lent their support to a £1m Launchpad competition seeking game-changing innovations in Internet of Things-related technologies brewing in the UK. The competition is open to early-stage UK startups working within the London or Cambridge tech clusters that are developing ideas, prototypes or have existing businesses working within the Internet of Things space. The £1M in grant funding is to be shared between multiple winners; companies can apply for anything from £50K to £150K. The competition will also offer marketing and business support, mentorship and routes to market. Submissions must be received by September 3, 2014.


text:
Home Tags Breweries
All wineries, breweries, cideries and distilleries will be able to operate with temporary manufacturing permits, allow those businesses waiting on final approval from the state to open up immediately for manufacturing, operation and serving customers.
“The biggest shock for me was how many people around here are in bands,” says the co-founder of Newtown's Reverie Brewing Co. “There’s 40,000 people in Newtown and 10,000 bands – how does that work?”
"I like Stamford's proximity to New York City, Greenwich and Westport, where a chunk of our fans are from," says CEO Jay Harman.
“Whether it’s from part of the $1.4 billion sent by Congress through the CARES Act, or from the rainy day fund, those funds need to be opened up now to keep our industry afloat,” said CT Brewers Guild Executive Director Phil Pappas.
“With 2020’s unpredictability, our team felt that we could best help our community by creating exciting and safe ways to come together and activate the local scene,” said Half Full Founder and “Chief Hoptimist” Conor Horrigan.
Even with no large commercial breweries, employment grew from fewer than 15 in the first quarter of 2010 to 780 in December 2018.
The figure easily surpasses the $745.7 million the sector contributed in 2017, according to the Beer Institute, which represents two-thirds of breweries in Connecticut.
Outside of Connecticut Magazine's eatery rankings, three Fairfield County businesses were among those honored in the Health & Beauty category.
"Somebody’s going to have to make that added expense up, and it will probably be the consumer," says the brewmaster at Stamford's Half Full Brewery.


text:
Tablets: Is it a two horse race? Or there are three horses?
Gartner estimates that tablets were a 17.6 million market in 2010 and are expected to be 63.6 million units strong in 2011.That is an incredible 261.4% growth. The growth figure is expected to touch 326.6 million units by 2015 according to Gartner.ISuppli puts the 2015 number at 275 million units. Gartner had reduced its forecast for growth in computers sales from 9.3 per cent to 3.2 percent in 2011 and from 12.8 per cent to 10.9 per cent in 2012. This dominance and takeover of the computing world by tablets has so long been good news only to Apple even as Android struggles to get better at the tablet game. iPad 2 single handedly outselling all competing tablets combined and is expected to account for 73.4 per cent of worldwide tablet sales in 2011, down from 83 per cent share in 2010. Gartner expects Apple to maintain 50% of the global tablet marketshare in 2015.. Android tablets are on pace to ship 11 million units in 2011, accounting for 17.3 per cent share in the market up from 14.3 percent market share in 2010. Gartner’s forecast for the Android has been lowered by 28 per cent from last quarter’s projection. The reduction would have been greater had it not been for the success of budget tablets in Asia, and the expectations around the launch of Amazon’s tablet. To many, the third front would be the Microsoft Windows tablets which aren’t yet there on the horizon (not yet!).And yet, late arrival might limit its appeal, especially to consumers, as Apple and Android will be well established in the market by then. The current buzz around Windows 8 driven by the demonstrations seen at the BUILD conference might be short-lived if Microsoft’s push to use the new OS across devices comes at a compromise in usability. Also, the late arrival might limit its appeal, especially to consumers, as Apple and Android will be well established in the market by then.


text:
Jeff and Tessa Mahaffey face an incredible battle with the closing of gyms during the pandemic. Not only were they going to lose their dream…. but hundreds of business owners income, ability to have a home and food on the table was on the line. Listen as they share their decision to stay open despite harassment, hundreds of thousands of dollars in fines and possible jail time.
You can find them at: https://www.selfmadetrainingfa
and on IG at: @smtfscottsdale


text:
Free parking, rates delay: Inside council support package
A RAFT of relief measures has been deployed to keep Mackay region businesses afloat during the coronavirus pandemic.
Business fees and licensing have been waived, rates bills delayed, and free CBD parking introduced in an emergency package that will cost Mackay Regional Council several million dollars.
Mayor Greg Williamson said the business support response was likely to be the first of many concessions to help the community pull through the coronavirus crisis.
"We were hit really hard this week," he said.
"We know that a lot of people will be hurting."
The council's announcement could be a critical lifeline for businesses in the next financial year, council CEO Craig Doyle said.
For some businesses the savings could mean an extra $100 in their pocket, for others the removal of the waste levy could mean thousands in savings, Mr Doyle said.
"These are the forward costs businesses would have to pay," he said.
"It's some relief on that cost base."
Mr Doyle said businesses would need to prove they had been financially impacted by the virus.
Alongside business concessions, council will extend the due date for the September 2020 rates by three months.
Cr Williamson also foreshadowed possible further rates concessions in stage two.
But there would be no relief in this package for those facing this year's charges.
"Most people have paid their fees and rates for this financial year," Mr Doyle said.
"Bills outstanding still need to be paid."
Mr Doyle said repayment plans were already available.
Cr Williamson was clear the relief package would hit the council's bottom line.
But Cr Williamson said Mackay was not "Robinson Crusoe", with most local governments facing similar budgetary dilemmas.
"Every council is under the pump," he said.
Council will contact the State Government for additional support.
INITIAL: MACKAY Regional Council is preparing to make an announcement to cast a lifeline for businesses struggling under the coronavirus pandemic.
Mayor Greg Williamson and council CEO Craig Doyle are expected to detail stage one of business support measures later this morning.
The business support measures come as shops, venues and businesses close their doors in response to increasing restrictions of people's movement.
Cr Williamson is also expected to update the community on behalf of the Local Disaster Management Group.


text:
Sega Sammy Holdings has announced that they plan to acquire the Finnish game developer Rovio Entertainment, most well-known for creating the hit mobile game Angry Birds.
Sega will be buying Rovio for €706 million (RM3.4 billion), and say that they plan to buy the developer in order to expand their growth into the mobile gaming market.
“In the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been Sega’s long-term goal to accelerate its expansion in this field,” says Sega Sammy CEO Haruki Satomi. “I feel blessed to be able to announce such a transaction with Rovio, a company that owns Angry Birds, which is loved across the world.”
The mobile gaming industry is currently predicted to grow by 56% by 2026 with the total global gaming market expected to grow to $263.3bn overall. As such, it is understandable that Sega wishes to expand its business further into the mobile gaming space with the Angry Birds developer.
The original Angry Birds was released for iOS in 2009 and quickly became one of the most successful games on the platform. The game was able to gain over 500 million downloads in just two years. Since then, it has produced numerous sequels, cartoons, movies, and even multiple Angry Birds-themed amusement parks.
There’s even one in Malaysia called Angry Birds Activity Park located in Johor Baru.


text:
“Fish gotta fly. Birds gotta swim. Google has to buy smaller companies and change their products’ privacy policies so they can now share data with Google,” Susie Ochs reports for TechHive. “It’s just the natural order of things, and now it’s happening with Nest.”
“Nest co-founder Matt Rogers posted to Nest’s official blog late Monday night to announce the company’s Nest Developer Program, a set of developer tools that will allow other products to securely integrate with Nest,” Ochs reports. “What Rogers didn’t say in his post, but did tell the Wall Street Journal, is that Google is connecting its apps to the Nest as part of that program. That will let you control your Nest with voice commands, or let Google Now take the reins since it can tell from your movements when you’re heading home.”
“Rogers did assure the Journal that users will have to opt in to this data sharing, and claimed, ‘We’re not becoming part of the greater Google machine,'” Ochs reports. “That statement is downright laughable: Your company was bought by Google for $3.2 billion, you’re now sharing with Google, and that makes you part of the greater Google machine. (Also your bosses probably don’t consider ‘Google machine’ to be the preferred nomenclature.)”
Read more in the full article here.
MacDailyNews Take: Shocking (as dryly as we can type).
You don’t want a Nest thermostat. You want a Lyric smart thermostat from Apple HomeKit partner Honeywell.
With HomeKit and Honeywell’s Lyric, a Nest acquisition by Apple would have been foolish – June 18, 2014
Will Apple’s Internet of Things vision hurt a beautiful idea? With HomeKit, Apple promises easy home automation – June 6, 2014
Smart thermostat war heats up as Apple-partner Honeywell takes aim at Google’s Nest – June 13, 2014
Honeywell takes dead aim at Google’s Nest with new iPhone-compatible Lyric smart thermostat – June 10, 2014
Dead to me: Apple’s Schiller ‘unfollows’ Tony Fadell and Nest after Google acquisition – January 18, 2014


text:
Cold calls and doorstep sales from telecoms companies top annoyance for home-owners - RTE programme
Cold-calls and doorstep sales from telephone and internet service providers are a constant frustration to many home owners.
That's the findings of RTE's The Consumer Show, presented by Keelin Shanley, which sees reporter Tadhg Enright going around the country to hear about people's frustrations with cold-call and doorstep sales tactics.
Eircom come under fire for their lack of clarification when selling items.
A customer from Newbridge, Co Kildare, claimed she was sold an Eircom bundle on her doorstep but the sales rep failed to point out that it came with a download limit.
Another customer from Dundalk, also signed up by Eircom on her doorstop, claimed she was promised she could switch her payments from Direct Debit to BillPay but she wasn’t able to do so and was charged missed payment fees as a result.
Another customer explains how a Vodafone sales rep on her doorstep in Dunleer, Co Louth, told her she was almost out of contract with Eircom and it was free to switch to Vodafone when this wasn't the case.
She told the programme she later cancelled the contract with Vodafone but was told by Eircom it was too late to avoid a cancellation fee, which could only be prevented if she signed another contract with a provider she’d already wanted to leave.
The majority (40.3pc) of telecoms complaints received by The Consumer Show last year were against Vodafone.
Complaints about Eircom and its subsidiary brands, Meteor & eMobile, added up to a similar percentage (40.3pc). 3 Ireland accounted for 9.6pc of complaints and 4.8pc were about O2.
Some 84pc of complaints involved the standard of customer service.
Some 39pc of complaints involved the terms and conditions of a contract and 6pc involved doorstep or distance selling.
ESRI economist Pete Lunn, who studies trends in the telecoms sector, explains why doorstep selling and cold calling works well for companies.
“Because the market is very complex, consumers find it difficult to know when it would actually save them money to switch, and that’s one of the reasons why doorstep selling and cold calling works quite well. Someone is saying to them with quite a lot of certainly ‘you will save money if you come to us’ and people tend to find that persuasive.”
The Consumer Show is on RTE One tomorrow night (Tuesday) at 8.30pm.


text:
Don't-Miss Printer Stories
Still pondering what to get the mom in your life for Mother's Day? We've come up with a few suggestions for all types of mothers.
Epson's new WorkForce 520 is a new business-oriented inkjet multifunction printer.
Epson printer owners got a present in Software Update on Monday, as Apple released a small update to its Epson printer driver bundle.
How important can one printer be? This one served as the first network printer, helped launch the desktop publishing revolution, and more. Come revisit with us why Apple's LaserWriter mattered.
The popular printing app can now take full advantage of some of iPhone OS 3.2's new features to make printing from your iPad even easier.
Google has released details of a project to let Chrome OS users print documents to any printer from any application.
Printer makers strong recommend you use inks specifically designed for their hardware. But third-party supplies cost a lot less. Can you save money on ink without losing too much on print quality? Lab director James Galbraith puts one third-party ink cartridge to the test.
Canon Printer Drivers 2.3 for Mac OS X v10.6 promises the latest Canon printing and scanning software for Snow Leopard.
HP settles with inkjet vendors for selling products that allegedly violated patents.
The printer driver updates, released this week, containing the latest printing software for Snow Leopard users with hardware from Samsung and Brother, respectively.
Epson has announced global support for its open-source development kit, the ESC/P-R library, including Apple iPhone and Google Android integration.
Canon has unveiled four new inkjet printers. Three of the new printers are multifunction devices, while the fourth is a inkjet photo printer.
The conventional wisdom about printers -- "inkjets are no good at text," for example, or "multifunctions can't do photos" -- isn't always true. James Galbraith separates a few printer myths from printer realities.


text:
Wine Industry Advisor
LOS ANGELES, California (December 3, 2018) – Winemaker Lot18 has teamed up with Elvis Presley Enterprises LLC, to produce a limited-edition Cabernet Sauvignon to celebrate the iconic singer and the 50th anniversary of his legendary ‘68 Comeback Special. After not performing for over seven years, Elvis took the nation by storm on the night of December 3, 1968, thrilling audiences and reclaiming his throne as the “King of Rock n Roll” in a single night.
This limited-edition wine launches just in time for the holidays and makes a great gift for fans of the famed cultural icon, memorabilia collectors and
anyone who simply enjoys a good bottle of wine.


text:
Sina Corp Earnings: Revenue Grows By Double-Digits For Fifth-Straight Quarter
Rising costs did not help Sina Corporation (NASDAQ:SINA) in the first quarter as profit dropped from a year earlier. An online media company and mobile value-added information service provider in the People’s Republic of China and the global Chinese communities.
Sina Earnings Cheat Sheet for the First Quarter
Results: Net income for Sina Corporation fell to $15 million (23 cents/share) vs. $24.4 million (37 cents/share) a year earlier. A decline of 38.4% from the year earlier quarter.
Revenue: Rose 17.9% to $100.2 million YoY.
Actual vs. Wall St. Expectations: SINA reported adjusted net income of of 25 cents/share. By that measure, the company fell short of mean estimate of 27 cents/share. Estimates ranged from 19 cents per share to 37 cents per share.
Quoting Management: “SINA’s online advertising growth was strong in the first quarter, despite a high comparison basis from last year” said Charles Chao, CEO of SINA, “The momentum for Weibo adoption is building across China. With the launch of the official Weibo.com, registered users for Weibo recently surpassed 140 million. We hope to ride this momentum and further expand Weibo’s user base and user stickiness by significantly increasing our investment in the coming quarters.”
Key Stats: The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 13.5%, with the biggest boost coming in the most recent quarter when revenue rose 17.9% from the year earlier quarter.
From the fourth quarter of the last fiscal year, the company’s current liabilities fell to $172.8 million from $248 million.
Competitors to Watch: SINA Corporation (YIN), Sohu.com Inc. (NASDAQ:SOHU), Baidu.com, Inc. (NASDAQ:BIDU), Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), NetEase.com, Inc. (NASDAQ:NTES), Youku.com Inc (NYSE:YOKU), Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA), Rediff.com India Ltd. (NASDAQ:REDF), and AOL, Inc. (NYSE:AOL)
Stock Performance: Shares of SINA are up 2.8% after hours following today’s close.


text:
Furthermore, the No. 2 Bupyeong plant will relocate no less than 1,200 workers, with the transfers to be complete by the end of the year to No. 1 and Changwon factories.
Needless to say, these decisions are the result of a very constrained chip inventory that has significantly affected the local operations, though, on the other hand, GM Korea’s production has been declining for quite some time now. Last year, for instance, its sales dropped no less than 36 percent.
On the other hand, the struggle to deal with the wrath of the chip shortage isn’t something new for General Motors. The company has been trying to minimize the impact on its manufacturing operations at its domestic plants as well, but more often than not, the whole thing came down to temporary production halts and selling vehicles without certain non-critical systems.
Back in February, General Motors described 2022 as the year of recovery in terms of chip inventory, as the company expected the semiconductor market to improve substantially both in the United States and in China.
However, the industry outlook isn’t necessarily very optimistic right now, as chipmakers are now struggling with additional problems that could eventually impact their production capacity as well.
China has recently enforced a new round of lockdowns and restrictions, while the war in Ukraine is causing shortages for various components, including neon, the gas that’s being used for the manufacturing of chips. In this context, the 2022 chip recovery is still uncertain right now, not just for GM but for the entire industry as well.


text:
Phishing continues to be a popular attack method for cyber criminals
Phishing has been around for a while, but still poses a substantial cyber threat, as the number of phishing sites rises, criminals get craftier and employee training is lagging behind.
According to the Anti-Phishing Working Group, a record number of unique phishing sites were discovered during the second quarter of 2016. The group counted 465,000 unique phishing sites that period, which equates to around 5,000 new phishing sites per day.
The continued popularity of phishing among cyber criminals is due to it being a cheap tool that offers attackers a good return on investment. Attackers can easily send out thousands of emails and only need a small fraction of recipients to click on a link or fill in credentials.
Research done by DUO Security shows how effective phishing is from a criminal’s perspective. The cloud-based information security provider has created a tool, DUO Insight, which has sent simulated phishing emails to over 60,000 recipients.
“Of those, over 44% opened the email, 26% clicked the link the email, and 14% go so far as to enter credentials. We found that 61% of phishing campaigns capture at least one credential,” says Jordan Wright, research and development engineer at DUO Security.
“So if I’m an attacker and my goal is to get access to an organisation, phishing is a very effective way to do that. A 61% chance of capturing at least one credential – those are incredible odds in favour of the attacker which shows just how effective phishing is from a cyber-crime perspective.”
To increase chances of success, attackers are getting craftier as to how they structure phishing sites. They will for instance copy legitimate emails and only change the links within them to point to a malicious website. “So the emails look legitimate, not like the obvious phishing emails we used to get in the past, with misspellings everywhere,” Wright explains.
Despite the changing nature of phishing, he says the same rules still apply when it comes to cyber security. Employees should therefore be trained to check the ‘from’ box in the email to see if the email address is correct; trust their instincts and double-check unexpected emails with an urgent call to action; and hover over links to make sure they go where they are supposed to go.
DUO Security recommends carrying out simulation phishing exercises at least once a quarter, with the aim of getting employees to recognise phishing attempts and reporting them to the IT department. Wright stresses that the training should be about rewarding good behaviour.
“Companies should make sure that the training is not about trying to catch those who click on the link, but about teaching the right habits and focusing on rewarding those right actions being taken, such as rewarding people who report phishing emails to the IT department.”
Businesses should also ensure their software is kept up to date. “We talk about phishing in terms of stealing credentials, but there’s an entire other aspect of phishing that we’re starting to see trending upwards, which is phishing that uses so-called exploit kits. These are pieces of software that are on a malicious website that are designed to compromise devices that are running old browsers or old versions of plugins like Flash or Java. These exploit kits only require you to click the link, which can be enough to compromise your device and give an attacker access to an organisation,” Wright warns.
DUO Security’s top three phishing trends
- Ransomware attacks are on the increase, as it is very quick and cheap to send out with a good return on investment
- An increase in business email compromise (BEC), when attackers find out the name of C-suite executives and send emails to employees posing as one of these people, asking for some kind of action to be taken. “We have seen pretty significant amounts of companies falling victim to this. They are very effective because they rely on the authority of the person they claim to come from,” says Wright
- Standard malicious attachments, which includes things like Word documents that contain malicious code. “However, Microsoft has put in protection to disable that code, so now whenever you open it you get a yellow bar at the top of your window saying ‘If you’d like to enable this code, click here’,” Wright explains. “So attackers have started crafting their Word documents to exploit this: when you open up the document it says it has been password protected, please click on the enable code button to unlock the document. It is almost social engineering, the way it relies on that sense of curiosity of the user to click on that button.”


text:
Following the announcement from the National Basketball Association’s (NBA) Boston Celtics, the Cleveland Cavaliers has officially partnered with the blockchain firm Socios.com. The partnership is aimed at increasing the Socios brand and awareness via the Cavaliers’ global asset platform.
Socios Partners With the Cavs
On July 26, Socios.com and the NBA team, the Cleveland Cavaliers, revealed a new partnership. The Socios company is a blockchain project that allows fans to become “superfans” by letting them influence “club-specific decisions, trade digital items, and access VIP experiences.” Socios says that currently the “team-based fan engagement elements and activations” tethered to the Cavaliers is still under review. However, Socios will leverage the Cavaliers global asset platform to boost brand awareness.
For instance, in the upcoming 2021-22 NBA season, the Socios.com logo will be featured on the Cavs’ practice jersey just below the player’s number. Socios will also have access to offering brand presence using the in-venue with broadcast-visible LED courtside signage. Socios says the company is the Cavaliers’ first partner to “to leverage this unique branding opportunity.”
“This partnership with Socios.com is another significant step forward as part of our ongoing exploration into blockchain technology and how it can be utilized within our business to grow and enhance fan engagement,” Mike Conley, the Cavaliers’ chief information officer said. “We share with Socios.com a mutual passion and drive for innovation and we are excited about the opportunities this relationship will bring as it continues to evolve into the future,” he added.
The news concerning the partnership between Socios and the Cavaliers follows the recent collaboration announcement between Socios and the Boston Celtics. Socios revealed a partnership with the Boston basketball team during the first week of July. The partnership with the Celtics also gives Socios marketing rights like becoming the Celtic’s presenting partner of the team’s website.
The deal between the Cavaliers and Socios is part of the company’s growth expansion in the United States. The announcement emphasizes that Socios is planning to increase the company’s presence in Europe, Asia, and South America in order to collaborate with the “world’s leading sporting properties.
What do you think about the partnership between Socios and the Cavaliers? Let us know what you think about this subject in the comments section below.
Tags in this story
Blockchain, Boston Celtics, Cavaliers, Celtics, Cleveland Cavaliers, Crypto, crypto solutions, Cryptocurrencies, Mike Conley, NBA, NBA teams, partnership, soccer, Socios.com, Sports, Sports Partnerships
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
(function(d, s, id)
var js, fjs = d.getElementsByTagName(s);
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = ‘https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v3.2’;
(document, ‘script’, ‘facebook-jssdk’));


text:
Exports of Ontario-made vehicles and parts will lead the growth in the province’s exports in 2016 with 10 per cent growth, according to Export Development Canada (EDC). High demand in the US and the low Canadian dollar are driving Ontario’s exports to 7 per cent growth this year, the highest of any province. Almost every exporting industry in Ontario will see strong growth, the other notable sectors being industrial machinery and equipment, with 9 per cent growth forecast, and metals, ores and other industrial products increasing by 5 per cent. Nationally, exports are forecast to be a much less impressive 2 per cent overall, EDC says. Three sectors will not see growth in 2016: energy, fertilizers, and chemicals/plastics.
The importance of the US market cannot be overstated. America is “hot,” the report says, and US consumers are in “great shape,” as evidenced by looming capacity constraints, falling unemployment, tightening office and industrial space, the result of increasing demand, and high income growth. The US economy is “powering up” and its growth is benefiting the rest of the world. If the US is the locomotive of world economic growth, said EDC chief economist Peter Hall, Canada is the first wagon with Ontario “sitting firmly in the front row.” The return of US demand for manufacturing, he said, “plays right into the strengths of Canada’s manufacturing heartland.”
Ontario is in a strong position to provide those all-important auto exports, with auto makers Ford and Chrysler both having recently modernized and retooled plants in Oakville and Windsor. Demand continues to strengthen for cars and car parts, fuelled by high employment, healthy balance sheets, low gas prices and substantial pent-up demand. Production is in full swing in Ontario, EDC says, though GM’s long-term presence in Oshawa is a question that will likely be answered by the end of 2016.
The value of Ontario’s merchandise exports is forecast to grow by 7% in 2016 and 3% in 2017, supported by a competitive Canadian dollar and higher shipment volumes. Despite some competitiveness challenges from the Mexican peso’s more pronounced depreciation to date against the US dollar and the forecast recovery of the loonie, robust demand from a strengthening US economy will continue driving broad-based export gains across Ontario’s non-commodity sectors.
Canadian aerospace exports are forecast to soar this year, rising 13 per cent and 7 per cent next year. Once again, exporters like Bombardier are benefitting from the low Canadian dollar. Falling energy prices have also benefited airlines, translating into fleet expansions and renewals. Bombardier’s CSeries aircraft is expected to enter into service in the second quarter, which will lead to ramped up production. In fact, global aircraft production is expected to remain “stretched” throughout 2016 as order backlogs remain “exceptionally” high. Bombardier is reported to have an order backlog of nearly $29 billion. The market for business jets, on the other hand, is slowing. Lower global commodity prices and slower growth in Russia, China and the Middle East are dampening demand. Bombardier cancelled its Learjet program last year as a result of weak sales.
Ontario exports of metals, ores and other industrial goods are expected to grow by 5 per cent this year and next. Gold production will continue growing, and export growth will be boosted by safe-haven and central bank demand and a competitive currency. Gold prices are forecast to rise in the first half of the year then “wane” later on. Steel export growth, on the other hand, will remain challenged by lacklustre production volumes.


text:
Charlotte Henry and Andrew Orr join host Kelly Guimont to discuss the new look for WWDC and Security Friday’s headlines and tips.
In an interview with Fox Business Network, Tim Cook said that Apple is “fundamentally strong” in the face of COVID-19.
Apple has taken the old WWDC app and turned it into the Apple Developer app. It will still have the same developer news, videos, and more.
- ProtonMail 1.15.11 Update Fixes Bugs With Push Notifications
- 'The Matrix Resurrections' Now Available to Rent or Buy on Apple TV
- Get a Wooden Photo Print With New Offering From Mimeo Photos
- This Decentralized Messenger Claims to be Quantum-Resistant
- Revealed: The Full Voicemail Message Jon Hamm Left For Tom Hanks
- PSA: Neil Young Still on Apple Music, Amidst Joe Rogan Spotify Row [Updated]
At WWDC 2019, Apple announced that macOS Catalina would reside in its own read-only volume. Security is greatly enhanced.
Michael Gartenberg spent three years as Apple’s Senior Director of Product Marketing, reporting directly to Senior VP Phil Schiller. In his sixth encore appearance on Background Mode, Michael and I analyze Apple’s 2019 Worldwide Developers Conference (WWDC).
We started with a discussion of the new 2019 Mac Pro and the Pro Display XDR. We also pondered why Apple SVP of Product Marketing, Phil Schiller, was noticeably absent from the stage. As an aside, Michael tells a hilarious story about SVP Schiller that happened back at WWDC 2013. Then we turned to Apple’s Catalyst system and some of the nuances of building and running iOS apps on a Mac. We also touched on iPad OS. Michael is well versed in Apple marketing strategies and is always a delight to have on the show.
There is an emerging notion that as macOS security gets better, it will make the use of a Mac more burdensome. A WWDC 2019 session affirms that this is false.
In Rants & Raves Episode #335, Dr. Mac reveals what he found encouraging (or at least interesting) at Apple’s Worldwide Developer Conference last week.
It isn’t just consumer technology. Apple is also working to make enterprise technology more private, like BYOD programs.