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The U.S. Senate this week delayed debate on legislation that shipping giant FedEx says would endanger some of the 2,000 jobs it provides at Oakland International Airport, but local lawmakers say the company just doesn’t want to lose an advantage over its workers and competitors.
Workers at FedEx Express – the air-oriented rapid delivery division of Memphis-based FedEx Corp. – are covered by the Railway Labor Act, which lets them unionize but curbs their right to strike. A section in the House version of the Federal Aviation Administration reauthorization bill, HR 915, would amend the RLA to cover only pilots, aircraft maintenance workers and aircraft dispatchers, meaning most of FedEx Express’ employees would suddenly have strike rights under the National Labor Relations Act.
That provision isn’t in the U.S. Senate version of the bill, but the chamber briefly took it up for debate this week – and FedEx went to the mattresses to try to stop it – before the bill was postponed for another three months.
“This provision was inserted in a backroom deal in the dark of night without a hearing, public input or economic study,” FedEx spokesman Maury Lane said Monday. “It changed 70 years of labor law which has been serving employees under the RLA well by having 10 times the amount of unionization than the NLRA … so this move is actually an antiunion move, in reality, if you look at the bigger picture.”
The Teamsters disagree. The union and UPS, FedEx’s arch-rival, convinced House Transportation and Infrastructure Committee Chairman James Oberstar, D-Minn., to insert and champion the provision. They call the current situation a loophole that treats FedEx differently from all its competitors and deprives workers of labor rights.
Lane says UPS is bigger and older than FedEx but does more of its shipping by truck and entered the air freight business a decade after FedEx, yet structured its operations in such a way that packages are moved by a chain of workers “contaminated” with a mixture of RLA and NLRA labor rules; FedEx Express workers always have been covered only by the RLA.
“They could’ve set their company up smart like we did but they chose to take a shortcut and they’re paying for it now because of a costly labor contract they signed two years ago,” he said. “This is not about leveling the playing field, this is about them wiping us off the playing field and getting a legislative bailout to fix a broken economic model.”
Lane noted FedEx Express has 12,000 employees in California, about 2,000 of whom work in a hub at Oakland’s airport. Giving local workers the power to strike means decreasing FedEx Express’ reliability, he said, citing a 1997 strike that stilled UPS for 16 days. Less reliability means less customers and less revenue, he said, and that means letting workers go.
“There seems to me to be no reason for FedEx to have a special exemption from the normal labor laws that govern that industry,” countered Rep. John Garamendi, D-Walnut Grove, is the only Bay Area member of the House Transportation and Infrastructure Committee, though he wasn’t yet in office when the House passed its version of this bill last May.
Garamendi said Northern California’s business is “crucial” to FedEx and the company surely won’t curtail operations here. “UPS operates in the Bay Area very successfully with a union and they’re not pulling out, so I think it’s an anti-union attitude of FedEx that’s in play here, but the reality is quite different.”
Oakland International Airport falls in the 13th Congressional District represented by Rep. Pete Stark, D-Fremont. His staff said he supports the provision because it would treat FedEx the same as its peers and protect workers’ labor rights.
The consensus among staffers for both of California’s U.S. Senators is that the provision won’t be inserted into the Senate version of the bill, so it’ll become an issue for the conference committee working out differences between the House and Senate versions. A spokeswoman for Barbara Boxer said she supports the provision as a means of “leveling the playing field for all of our workers;” a spokesman for Dianne Feinstein said she has taken no position on the provision.


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As restaurants in Washington wait to hear what Gov. Jay Inslee might say soon about reopening guidelines, Amazon has now become a big X-factor on its own. On Thursday, the company sent out a memo to its employees saying that they can work from home until October 2, if their roles allow them to do so. As a result, regardless of when dining rooms in the city reopen in some capacity, any restaurants or bars within the vicinity of its campus could face more daunting headwinds.
Back in early March, when the COVID-19 pandemic first hit the Seattle area, Amazon and Microsoft strongly recommended that all their employees work from home if they could — and it had an immediate impact on surrounding businesses. Restaurants and bars that serve those tech hubs lost the majority of their revenue within days, and many closed temporarily even before Inslee’s stay-at-home was first issued.
Despite takeout and delivery as current options, quite a few of those restaurants remain closed. Famed chef Tom Douglas’s empire, located mainly in Belltown and Downtown, has temporarily gone from 13 restaurants down to one, with a new takeout pizzeria in Ballard. Even though restaurateur Ethan Stowell received funds from the federal Payroll Protection Program, he told Eater Seattle recently that uncertainty over when downtown diners will return give him pause on reopening places such as Cortina.
Mama restaurant group owner Wassef Haroun runs Anar and Mamnoon Street, which are housed in Amazon buildings (Anar is temporarily closed, while Mamnoon Street is still available for takeout and delivery). Haroun received rent relief from the landlords that run the buildings for March and April, but the future is unclear. He tells Eater Seattle that Amazon’s new policy at least gives a realistic picture as to what the landscape will look like this summer, so he can prepare for all contingencies. “Anar will take the longest to boot strap, but Mamnoon Street is built for takeout and, as long as we don’t take on any big costs, we can probably get by,” he says, adding that he’s looking to expand the delivery range of his locations. “It’s a painful process, but I think this was Amazon’s way of giving everyone a heads up on what’s to come.”
As the coronavirus crisis has laid bare, from an economic standpoint, Seattle’s codependency with large corporations put small businesses that rely on those entities in a precarious position. That, combined with lack of clarity on rent relief and a general unease across the country on whether dine-in service can responsibly resume anytime soon, means many restaurants near Amazon will face a long, uphill battle to reopen, unless lawmakers or private entities step in to help.
Back in March, Amazon announced a fund to assist small businesses around its Downtown and South Lake Union campuses, with $10 million now distributed to qualified applicants. It followed a separate $2.5 million fund intended to help workers affected by coronavirus impacts, including those who can’t take sick leave, people without health insurance, and health care workers, as well as rent relief for tenants in Amazon buildings through April. But all that is unlikely to keep workers or businesses afloat for five whole months. One South Lake Union Chinese restaurant, Zheng Cafe, tells Eater Seattle it received $2,500 from the Amazon fund, along with another grant, but says that money could only really cover past due business expenses, as it worked on a plan to reopen.
It’s also worth noting that this new Amazon policy comes as the company’s workers, and others at the frontlines of the pandemic, including those at Amazon-owned Whole Foods, organize a nationwide May Day strike. The action is meant to protest a lack of protections and benefits during the pandemic. Amazon recently fired warehouse worker Christian Smalls after he organized a protest demanding that the company sanitize the facility after several workers became sick (in a statement, the company counters that Smalls was fired for “violating social distancing guidelines” after having “contact with a diagnosed associate,” his coworker at the warehouse). The novel coronavirus has spread to more than 70 Amazon warehouses across the country, and at least one worker has already died from COVID-19.

domain: news


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There is no doubt that Chrome OS will continue to expand on the ever-growing market, and Qualcomm jumps to surprise us. In the news, Qualcomm is said to be developing a Snapdragon Chromebook.
While we were still waiting for AMD devices for a Chrome OS device, getting Qualcomm was a bit of a bad news at the beginning, but there’s more to it.
Qualcomm Chromebook Sounds Promising
We said that a Chrome OS device powered by Qualcomm is bad news because most of these chipsets get updated for no more than two years, as other chipsets are supposed to get 5-6 years of updates for the Chrome OS devices.
But the good news is that Qualcomm is working on changing this issue, making it better. In the Chromium repository, we saw that there are two new commits: support for the Snapdragon 845 processor, which will be launched in the future and a new device that is developed at the moment.
What is Cheza?
cheza / qc845: Add initial files – This has been a reference that suggests that the devices that are going to be built with this chipset will use this board when it pulls initial configuration files.
The name Cheza comes from the character of the Anime Series ‘Wolf’s Rain’ (2003)
We are the witnesses of a Snapdragon Chromebook which is currently a work in progress. It will have the latest Octacore Qualcomm chipset, built especially for premium smartphones.
So far, details about long-term support and battery consumption will be adjusted as the work progresses. We might see the battery and the new Snapdragon chips in the future Chrome OS tablet.
Qualcomm hasn’t made any official comments on the two commits, so it might not actually mean that they’re working on a Snapdragon-powered Chromebook, but it’s a strong hint we should take.


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The National Watermelon Promotion Board’s program now includes free lessons for chefs and other foodservice professionals, covering everything from handling tips to carving and presentation ideas.
The Culinary Curriculum Lesson Plans have six lessons and are accredited by the American Culinary Foundation and carry eligibility for five continuing education hours, according to a news release from the watermelon board.
“Watermelon is an on-trend ingredient that is steadily growing on menus,” said Megan McKenna, the board’s director of foodservice, in the release. “We saw an opportunity to provide operators and educators with valuable resources to support watermelon uses.
The six lessons cover:
- History, cultivation and market insights;
- Types, product formats and availability;
- Receiving, handling and storage;
- Carving; and
The curriculum also includes a presentation, quiz and an evaluation, which is required to receive a certificate noting completion of the lessons.
The lessons can also be used in the industry as a personal development tool, according to the release. They include everything from trend data, research on watermelons and flavor pairing ideas.


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The First Apple Store In Malaysia May Be Opening In The Exchange TRX
There have been rumours for a couple of years now, that Apple will finally make its way to open the first Apple retail store in Kuala Lumpur. As of today, there are only 5 Apple retail stores across Southeast Asia, 3 of which are located in Singapore, while the remaining 2 are in Bangkok, Thailand.
According to sources, Lendlease, who is the developer of The Exchange TRX at Jalan Tun Razak, Kuala Lumpur, is currently in the advance stage of negotiation with Apple. Lendlease had apparently tried to convince Apple to open its retail store at the upcoming retail and lifestyle area for the past 2 years! That’s a lot of dedication!
Credit: Harper’s Bazaar Malaysia
More rumours stated that Apple representatives may have been in KL to discuss about this last month. Although negotiations are still on-going in 2021, the Exchange TRX is expected to be opened in phases until 2025, which is still a long way to go!
However, take this news with a grain of salt, as nothing is quite set in stone with Apple at the moment.
What are your thoughts on this?


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In a first-ever virtual opportunity, Tecnau and Konica Minolta will showcase leading-edge end-to-end digital printing solutions at Tecnau’s live virtual event, “Spring Forward with Tecnau,” taking place on 24 June. Registration is now open (Click Here)!
Konica Minolta will present live their latest innovations in sheet-fed inkjet printing, headlined by a demonstration of their AccurioJet KM-1 LED UV InkJet press.
Tecnau will be demonstrating the Stack 1212 cutting and stacking system
The company will demonstrate its recently introduced Stack 1212 cutting and stacking system for printed B2+ sheets. Stack 1212 is a cost-efficient solution featuring a small footprint, quick and easy job changeovers, and a capable stacker for discrete, offset stacks.
What makes this a unique, “can’t miss” event is that the company will be finishing the same AccurioJet KM-1-generated applications that Konica Minolta will be running at their demo center, providing a virtual demonstration of exactly how this work would run in a production environment.
The joint event will be live-streamed from the Tecnau Experience Center (TEC) in Italy and Konica Minolta Center. The session will last 75 minutes.


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The appointments follow “double digit sales growth in each of the last five years”, said the supplier of PC input devices, switches, sensor and control products.
“Our new staff will help us cover our external sales, marketing, website and PR, as well as our sales in France,” said Michael Groom, managing director of ZF Electronics UK.
“This investment may not even have been the last for this year as our business continues to outperform the targets and further expansion within Europe is planned,” said Groom.
Sarah Cox has recently returned to ZF Electronics UK to concentrate on promoting the company’s range of micro switches, sensors and RF products as area sales manager for France.
“I quite simply missed the buzz of the electronic components industry and this is the ideal opportunity for me,” said Cox.
Cox began her career in the electronic components industry in the 1980s, working for one of the main broad line distributors at the time.
After several years as a field sales representative, she moved in to sales management, eventually joining Cherry UK in 1998.
As moving to France had been a long term goal for her, she didn’t hesitate when there was a possibility to work for Cherry Sarl (near Paris). She eventually left the company and city life opting instead for the countryside of rural Normandy, but now she is back with ZF Electronics UK and looking forward to a new challenge.
Luke Pearson joined ZF Electronics UK in January 2014 in a joint role of business development manager and also UK product manager for the companies’ new energy harvesting products, which will be launched later this year.
Clare D’Arcy is will be responsible for IS marketing and will focus on further developing the company website.
“The move earlier this year into the electronic components industry has provided me with an opportunity to build new relationships and utilize my creativity in a new way,” said D’Arcy.
Cherry is a brand of ZF Electronics, an electronics components business acquired in 2008 by ZF Group.


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In addition to faring well in online sales during the month of May, CAC-approved coins outperformed other certified coins in auctions in New Orleans and Baltimore. Here are 10 examples selected from a large number of results that could have been listed.
1. 1864 ‘Large Motto’ Two Cent Piece in MS-64 RD
On May 5, GreatCollections sold an NGC-graded MS-64 1864 ‘Large Motto’ Two Cent piece, with a designation that this coin has full original mint red color “RD”, for $757.12 USD. This coin has a sticker of approval from CAC.
On March 19, 2019, Heritage sold a PCGS-certified “MS-64RD” 1864 ‘Large Motto’ Two Cent piece without a CAC sticker for $408. Back on October 23, 2018, Heritage sold an NGC-certified “MS-64RD” 1864 ‘Large Motto’ Two Cent piece without a CAC sticker for this same price, $408. This non-CAC, NGC-certified 1864 was in a holder that is extremely similar to the holder that houses the CAC approved coin that GreatCollections sold for $757.12 on May 5.
Also, at the end of March 2019, Kagin’s auctioned a PCGS-certified MS-64RD 1864 ‘Large Motto’ Two Cent piece, without a CAC sticker, for $480.
2. 1920-S Mercury Dime in MS-65 FB
On May 5, GreatCollections sold a CAC-approved MS-65 1920-S Mercury dime with a ‘Full Bands’ (“FB”) designation for $4,050.
In August 2018 at the ANA Convention, Stack’s Bowers auctioned a PCGS-graded MS-65 1920-S dime with a ‘Full Bands’ (“FB”) designation but without a CAC sticker for $3,120. That non-CAC dime has a rather famous pedigree from the collection of John Whitney Walter.
In June 2018, at a Long Beach Expo, Heritage auctioned a PCGS-certified MS-65FB 1920-S dime without a CAC sticker from the Bob Williams Collection for $3,360.
In April 2018 at Central States, Heritage sold a different PCGS-certified MS-65FB 1920-S dime without a CAC sticker for $3,600. The CAC-approved ‘MS-65FB’ 1920 dime brought substantially more than the others despite the reality that others were from named collections and/or auctioned at major coin conventions.
3. 1855 Quarter in MS-67
There are two PCGS-graded MS-67 1855 quarters. Only one has been approved at CAC. On May 5, GreatCollections sold the CAC-approved MS-67 1855 for $49,500. The PCGS-graded MS-67 1855 quarter without a CAC sticker was auctioned by Heritage in 2016 for $36,425 and in 2015, while in a different holder, for $27,025. This coin was in the Gene Gardner Collection. Market values for Liberty Seated coins have not risen since 2016, so the CAC-approved coin realized much more.
4. 1908 Half Dollar in MS-66
On May 5, Great Collections sold a CAC-approved MS-66 1908 half dollar for $9,853.88.
At the Summer FUN Convention in July 2018, Heritage auctioned a PCGS-graded MS-66 1908 half dollar without a CAC sticker for $3,480. That same non-CAC 1908 half had been auctioned for $4,080 in March 2018.
5. 1901 $10 Eagle in MS-64
On May 5, GreatCollections sold an NGC-graded MS-64 1901 $10 gold coin, with a CAC sticker, for $1,181.25.
This amount is much greater than the amounts that PCGS-graded MS-64 or MS-64+ 1901 $10 gold coins without CAC stickers have been realizing in public sales. On April 28, Heritage sold a PCGS-graded MS-64 1901 for $960. On March 20, Stack’s Bowers sold a PCGS-graded “MS-64+” 1901 for $930. And on March 5, Stack’s Bowers sold a PCGS-graded MS-64 1901 for $900. Prices for these have been trending downward in 2019. The lone CAC-approved MS-64 1901 eagle sold in 2019 was the most recently sold out of those just mentioned, and it brought significantly more than the non-CAC coins realized when market levels were higher.
6. 1921-D Morgan Dollar in MS-67
On May 16, Legend auctioned a CAC-approved MS-67 1921-D Morgan silver dollar for $31,725. This same coin realized $30,550 in another Legend auction on October 15, 2015.
The last non-CAC, PCGS-graded MS-67 1921-D Morgan to sell at auction realized $11,750 at the FUN Convention in January 2016. Another PCGS-graded MS-67 1921-D Morgan without a CAC sticker was auctioned by Stack’s Bowers in February 2014 for $22,325.
7. 1923-S Peace Dollar in MS-65
On May 16, Legend auctioned a CAC-approved MS-65 1923-S Peace silver dollar for $6,168.75.
On March 1, Stack’s Bowers sold a PCGS-graded MS-65 1923-S silver dollar without a CAC sticker for $1,320.
On February 3, Heritage sold two PCGS-graded MS-65 1923-S silver dollars, each without a CAC sticker. The one in a holder that is more than 15 years old realized $2,640, while the PCGS-graded MS-65 1923-S dollar in a relatively recent holder went for $1,440.
8. 1925-S Peace Dollar in MS-65
On May 16, Legend auctioned a CAC-approved MS-65 1925-S Peace silver dollar for $36,425.
On February 28, 2019, Stack’s Bowers auctioned a PCGS-graded MS-65 1925-S without a CAC sticker for $24,000. A different PCGS-graded MS-65 1925-S Peace dollar without a CAC sticker was auctioned at the ANA convention last August for $18,000.
9. 1893-CC $5 Half Eagle in MS-61
On May 23, Stack’s Bowers auctioned a CAC-approved MS-61 1893-CC $5 gold coin for $3,840.
In December 2018, Heritage auctioned a PCGS-graded MS-61 1893-CC $5 gold coin without a CAC sticker for $2,640.
In 2017, Heritage sold non-CAC, PCGS-graded MS-61 1893-CC $5 gold coins for $3,290 in June and for $2,585 in April.
10. 1850-O $20 Double Eagle in EF-45
On May 23, Stack’s Bowers auctioned a CAC-approved EF-45 grade 1850-O $20 gold coin for $13,800.
On February 28, Stack’s Bowers auctioned two other PCGS-graded EF-45 1850-O $20 gold coins, neither of which had a CAC sticker. One of the non-CAC coins realized $7,200. The other was from the same consignment as the just mentioned CAC-approved EF-45 grade 1850-O that realized $13,800 on May 23. This non-CAC counterpart that was also from The Fairmont Collection, and is similar in color. This non-CAC, PCGS-graded EF-45 1850-O sold for $9,000.


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A HUSBAND is appealing for any information about a lost engagement ring.
Alec Peters, of Westbourne said his wife, Susan, has lost her diamond and sapphire engagement ring.
She lost it last Thursday (November 14) while shopping in Chichester city centre.
Mr Peters said he would ‘greatly appreciate’ anyone coming forward.
If you have any information, please contact the Observer on 01243 534155 or email firstname.lastname@example.org


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A lot has been written in the media lately about “the retail apocalypse”. Some of the most successful brands of the past are now shutting down stores by the hundreds. But, are we really entering a retail ice age? Or, is it a seismic shift? Perhaps retailers who are struggling are those who are failing to adapt to the new reality of retail.
Shopping has changed. Shoppers have changed. Shoppers now expect much more from retailers because they are equipped with more information, access and technology than ever before. Retailers who embrace these changes are the ones who will succeed.
This short video explores some of the trends affecting retailers today, including omni-channel shopping, digital technology, customer experience and much more with compelling and sometimes shocking statistics.


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MEC Digital NewsFronts 2015
This year’s Digital Content NewFronts featured nearly two weeks of content from 34 companies (up from 2014’s 22) including both major players (e.g. AOL, Yahoo!) and new participants (e.g. Elite Daily, StyleHaul, Bloomberg Media).
Hosted in partnership with the Interactive Advertising Bureau (IAB), the Digital Content NewFronts are an annual upfront event that provide marketers an unparalleled opportunity to connect with established and emerging content providers, while getting a first-‐look at the latest in original digital programming.
Originally established as an attempt to get Intern-‐video distributers in front of marketers, today’s perspective of digital as a critical part of the media mix, prioritized this year’s conversations on the power of digital video engagement.
The similarities to the original TV Upfront format are not coincidental. These sessions are designed to educate and encourage marketers to evaluate original digital programming and video opportunities through a similar lens to that of
premium broadcast content.
As Conde Nast Entertainment President Dawn Ostroff put it, “digital video is a strong and valuable business with an exciting future.”
As part of our MEC@ series, MEC hosted The New Creators: When Data & Creativity Collide, spotlighting the new elite class of content producers.
With presentations from creators including, BuzzFeed, Bloomberg Media, Twitter, Niche, and Vice, the conversation focused on the impact of data and creativity on the future of programming and marketing strategies.
Addressing the importance of insights and attention metrics, attendees got a look at new ground breaking tools and technology such as BuzzFeed’s Pound, Bloomberg’s Responsive.TV offering, as well as
an intimate look at programming, including Vice’s VICE NEWS.
We also heard from Twitter as they discussed the evolution of consumer behavior and shared insights into how technology is driving the future of creativity. Niche creator, Robbie Ayala, also shared how brands are partnering with this new
elite class of creators to develop branded content that is authentic, engaging and most importantly sharable.
Download the full report
(pdf 18Mb) to see the key takeaways and trends


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Taking to its support page, the tech giant shared details of the security flaws with the previous version from categories including the kernel, Find My, WebKit and Apple Neural Engine.
According to the tech company, the WebKit issue was addressed with Rapid Security Response iOS 16.5.1 (c), while the kernel flaw was likely fixed with iOS 15.7.1. Now, the new iOS 16.6 update addresses all the vulnerabilities, claimed the iPhone-maker.
To ensure the Apple devices are safe, the brand has asked the users can manually install iOS 16.6.
How to install the new update?
- Go to Settings
- Click on General
- Select Software Update
- Tap Download and Install to initiate the process
On the other hand, Apple also unveiled the iOS 17 public beta version, featuring a new StandBy mode and a personal voice feature, among other improvements in addition to the new security update.
The personal voice feature allows iPhone users to create a custom voice that sounds just like them in 15 minutes, according to social media influencer and tech enthusiast Marques Brownlee.
A TechCrunch report said that the iOS 17 public beta also includes enhancements to Messages, Maps, widgets and dictation. Similar to the Mail app, the Messages app now allows users to filter search results using different criteria.
Apple recently released the fourth beta version of iOS 17 for developers, which reportedly revealed the functions of the rumoured Action button in the upcoming iPhone 15 Pro and iPhone 15 Pro Max smartphones. The Action button, similar to the Apple Watch Ultra's version but tailor-made for phones, is expected to allow users get easy access to various functions and settings without unlocking the device or opening an app.
Speculations are abuzz on social media that the iPhone 15 Pro models will come with Wi-Fi 6E technology for high-speed wireless connectivity and may feature a titanium frame and increased RAM. Moreover, it is understood that Apple may be planning to limit the Always-On and ProMotion display features to the iPhone 15 Pro and 15 Pro Max models.
Wednesday, 29 Nov, 2023
- For More Capital, Byju’s Must Pass a Tough Test
Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said.Virtual Influencers Now Making Real Money? AI, AI, Sir!
As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels.Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed
Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control.


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RCR's Timeless wine goblets and glasses
RCR was one of the protagonists, along with 225 other world-famous brands, of celebrations for the 25th anniversary of Class Editori and Class publications, with a series of initiatives and projects including the exhibition C25 Options of Luxury, the first-ever group exhibition on the world of luxury, organized by the publisher at the Milano Triennale from 8 September to 2 October 2011. Curated by architect Italo Rota, the exhibition told the story of the evolution of fashion, luxury and design from a new global, multi-media, interactive and entertaining perspective, with 250 objects from important brands on display.
RCR's Timeless wine goblets and bottle, designed by Manola Del Testa, were on show in the Dreambox room, interpreting the dream and desire for precious objects.
The exhibition will also be on show in New York, Shanghai and Seoul.


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Toyota says future is constant connection for drivers
That's the vision a Toyota executive offered in a talk on mobility today at the North American International Auto Show. The speech came a day after the Japanese automaker revealed a redesigned, eighth-generation Camry at the show.
The company plans, by 2020, to "connect all our vehicles and provide customers with services that truly enrich their lives and bond them to our brands," said Sandy Lobenstein, Toyota's executive vice president of connected vehicle services, in prepared remarks. That plan means embedding so-called data communication modules in almost all of the company's new vehicles in Japan and the U.S.
But before that, the company is rolling out new services through its Entune 3.0 system, which it unveiled last week at the Consumer Electronics Show in Las Vegas, particularly focused on in-vehicle navigation.
"For the first time in a Toyota product, navigation is standard across the Camry model lineup," Lobenstein said.
Navigation will be key for all Camrys, but Toyota call it a game-changer for its higher-grade Camrys. The dynamic navigation feature will allow those Camrys to update their maps automatically rather than force owners to go to a dealership for an update. Lobenstein noted that less than 10% of customers update their embedded maps.
"For properly equipped 2018 Camrys, Dynamic NAV will have the Toyota Smart Center analyze a 4-square-mile grid around the vehicle. Any roads or points of interest that are on the database in the Smart Center, but not in the onboard map, will automatically be displayed on the head unit," Lobenstein said. "Dynamic NAV overlays the new road as you drive. And when you set a destination, the system verifies and updates the roads and (points of interest) at your departure point, at your destination and along your route so you can be sure to have the most up-to-date directions."
Entry-level Camrys will have the ability to use Telenav's Scout GPS link, which is downloaded onto a mobile device, he said.
When activated, the service puts directions and maps on the vehicle's head unit.
Beyond navigation, other new services include dynamic voice recognition, which makes use of a larger database to "provide more accurate responses to to voice initiated requests"; destination assist, which can allow drivers to connect to a live operator; Entune Remote, which allows users to start and stop an engine or lock and unlock a vehicle from a smartphone, and service connect, which provides vehicle health reports to the driver as well as a dealership.
There's also 4G LTE WiFi on the higher-grade Camrys, and the Entune app suite, connecting to Pandora, Yelp and other apps, will be standard on all models.
Lobenstein mentioned leasing options for Uber drivers through Toyota dealerships, and a pilot program in San Francisco to simplify car-sharing, using a secure device and a smartphone app.
Contact Eric D. Lawrence: email@example.com. Follow him on Twitter @_ericdlawrence. USA TODAYs Nathan Bomey contributed to this report.


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Americans target British tank-maker
BRITAIN'S only tank manufacturer, Alvis, is set to fall into American hands in a £309m cash deal.
US defence and aerospace giant General Dynamics, maker of the Abrams tank, is offering a premium to buy Alvis with a bid of 280p per share, a third more than yesterday's closing price, recommended by the Alvis board headed by Nick Prest.
He and fellow board directors have pledged their collective 0.7% shareholding in favour of the offer, which comes with a loan-note alternative.
The Telford, Shropshire, company which bought Vickers Defence from Rolls-Royce 18 months ago, makes the Challenger tank, Sabre reconnaissance vehicle and most of the British army's other armoured vehicles.
Prest said: 'It is hard to penetrate the US market without a large partner and they will have a strong interest in promoting Alvis products. We see opportunities, too, of working together on major UK projects for medium and lightweight vehicles.'
General Dynamics' Art Veitch, executive vice president of combat systems, promised the takeover would not trigger Alvis job cuts. 'The expectation is that we want Alvis to continue to be run by the Alvis management team,' he said.
News of the takeover bid coincided with Alvis delivering a 20% rise in 2003 pre-tax pre-exceptional profits to £19.8m after a 54.5% increase in turnover to £348.8m.
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- Big Money Questions: What is diversifying?
- Can emerging markets continue to climb? We ask a top manager
- Take a look at the brand new Jaguar I-Pace prototype


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High-end NVIDIA RTX 30 GPU hits all-time low
Just weeks after it announced a new range of RTX 30 cards, it gets huge discounts.
Retailers are starting to deplete stock of their high-end RTX 30 models, just as NVIDIA will announce a successor to the Ampere architecture. Models that set their highest prices only a few months ago are now getting hundreds of dollars off.
The RTX 3090 series, previously replaced by Ada GPUs, is now priced at $1,129/$959 for the 3090 Ti and 3090 models, respectively. The flagship Ti model, which only debuted in March, is likely to reach half its price in the coming weeks. While the RTX 3090 struggles to sell at $1,000 USD.
In Amazon, one can easily find 959 USD. For RTX 3090While RTX 3090 already $1,149 . Sold new or on Amazon for $1,129. There were offers for $1099, but those offers are no longer available. We recently reported that the RTX 3090 Ti. The cards were on sale for $1149 but only for a short time, but these new prices mean we’ve already passed the new psychological barrier.
RTX 3090 Ti for $1099, Source: Newegg
RTX 3090 for $959, Source: Amazon
It’s also worth noting that Over at Best Buy the RTX 3080 Ti is already listed at $739, which is also the standard low price for this model.
RTX 3080 Ti for $739, Source: BestBuy
According to MyDrivers, not all cards have been priced lower. The recent changes affect only the flagship RTX 30 series and there is almost no price adjustment for any other RTX 30/RX6000 models. It is clear that both NVIDIA and AMD are trying to remove their fastest models, in the first line that will be replaced in the coming weeks (October/November).
NVIDIA RTX 30 and AMD RX 6000 Price in September, Source: MyDrivers
Source: mydrivers and this Best Buy and this new and this Amazon (3090) and this Amazon (3090Ti)


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Legal tech startup Legalkart has raised a seed funding of Rs 3.5 crore from a group of angel investors including FoodPanda India CEO Pranay Jivrajaka, Head of Finance at BookMyShow Mitesh Shah, Rocket Internet CCO Sundeep Sahnia and former Ola COO Pallav Singh in their personal capacities.
Lo! Foods CEO Sudarshan Gangrade and other individual high networth individuals from Microsoft, Cognizant, Tata Motors, METRO Cash & Carry India and Oracle also participated in this funding round, the company said in a statement.
Founded in 2018 by Arvind Singhatiya, Partha Sen and Deepak Prajapati, Legalkart is aimed at making legal practice more systematic, enabling on-the-go information & increasing efficiency for legal professionals.
The company has on-boarded 2,500 lawyers from over 100 cities and claims to clock $450,000 in revenue this year, registering a 20% growth rate on a monthly basis. It aims to expand its presence across 1,000 cities with 25,000 lawyers by the end of 2020.
“In the next five years, we intend to redefine the way legal services are delivered in India by creating the first practice management system designed for the legal profession - keeping their clients in mind” said Singhatiya, chief executive, Legalkart.


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Klean Kanteen is excited to launch its new website and the #BringYourOwn project, a thought-provoking campaign comprised of a series of short films that encourage consumers to pause and consider their daily use of disposable products.
“With more and more cities banning disposables, and more focused attention on BPA, there’s incredible momentum and renewed awareness around single-use. As a B-Corp, we want to inspire conversation around a different way, around what’s possible: simple, healthy solutions that truly benefit our communities and families – it really matters to us to leave that legacy,” says Erika Bruhn, Director of Marketing and Brand at Klean Kanteen. “#BringYourOwn embodies everything we stand for as a brand and our hope is that this campaign gets people thinking, and talking, about the impact of single-use,” added Jim Osgood, CEO and President of the company.
The #BringYourOwn project is a series of short films that capture real life scenarios where ordinary people are confronted with uncommon decisions pertaining to single-use products. In an age when Americans use over 58 billion paper cups annually, these films underscore social and cultural issues that contribute to the ubiquity of single-use products in daily life. Consumers who want to join the conversation about single-use are urged to participate by tagging social media posts about single-use with #BringYourOwn.
The new Klean Kanteen website also highlights the #BringYourOwn theme with a new blog featuring inspiring and informative content about the reusable lifestyle. To see the other #BringYourOwn films and learn more about the campaign, please visit this link.
About Klean Kanteen
Founded in 2004, Klean Kanteen introduced the first stainless steel, BPA-free, reusable water bottle. A decade later, the Northern-California based, family-owned and operated company is distributed in 40-plus countries worldwide and is more committed than ever to making healthy, high-quality goods to replace a lifetime of single-use items. With environmental stewardship and fair labor central to the company’s philosophy, Klean Kanteen partners with local, national, and international organizations to support efforts toward health, the reduction of single-use plastic, and environmental education and awareness. To date, Klean Kanteen has donated over $1 million to 1% for the Planet, and is a certified B Corporation, meeting rigorous standards of social and environmental performance, accountability and transparency. For more information, please visit www.kleankanteen.com.


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James Gunn gets reinstated as director of Guardians 3, a newly surfaced gray NWC cart sells for $23,000 and Hollow Knight gets a physical release all at the top of the show. In the news, Halo Master Chief Collection comes to PC finally in episodic form, Sony rumored to buy Take Two Interactive and everyone is getting into the streaming game. All on episode 155 of Rated G for Gamers.
In our lead story, we talked about it last week, Philip Mucin, now former employee of IGN has been pinned with even more plagiarism. We go deep into the story as more news unfolds. Also in the news, Negan from the Walking Dead joins Tekken 7, Nintendo drops more Smash Bros news in their latest direct, Betheseda shows off Doom Eternal footage and more. And at the top of the show, we talk Red Dead 2 and the most overpriced special edition we’ve come across yet.


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Deloitte organises a widely recognised program each year that lists the fastest growing technology companies around the world. Today, we are extremely happy to announce that UpCloud has been recognised as the third fastest growing technology company in Deloitte Fast 50 Finland 2016 with a growth rate of 1179%.
We want to thank all our customers, those who have grown with us from the start, as well as those of whom, have come on board more recently. In addition, a huge thank you to our growing team of amazing people who continue to push the boundaries on many fronts.
While it’s great to pause every now and then to reflect on your accomplishments, we’re only just getting started with our story. As we rejoice this recognition today, we’re eagerly looking forward to tomorrow already!
To see all the participants and results in the Deloitte Fast 50 Finland program, see here.


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MEXICO (Times Media Mexico/Excelsior) – During July the National Consumer Price Index (INPC) registered a rise of 0.66% over the previous month. With this, the annual inflation stood at 3.62%, its highest level in five months, reported the National Institute of Statistics and Geography (Inegi).
With this result, the indicator accumulated 14 months within the target range of the Bank of Mexico (Banxico), which is 3.0% + / – one percentage point, which, according to experts, gives the central bank room to continue cutting the reference rate, which currently stands at 5.00 percent.
“The inflation outlook allows for keeping the window open for the central bank to continue to relax. Specifically, we anticipate a further cut this year of 50 basis points to bring the rate to 4.50 percent,” said Alejandro Padilla, executive director of Economic Analysis and Financial Strategy of Markets at Banorte.
Regarding general inflation, he predicted that it would remain within the central bank’s tolerance range, closing the year at 3.40 percent. “The outlook is still highly uncertain. The magnitude of the contraction in economic activity and demand weighs negatively on prices”.
Given the effects of the depreciation of the exchange rate and the interruption in the supply of goods and services, among others, underlying inflation has resisted falling, and some of its components have even been pushed up. Besides, the prices of energy and agricultural products could continue to exhibit high volatility.
The agency chaired by Julio Santaella said that core inflation, which does not take into account the products with high volatility in their prices, grew 0.40% per month, which stood at 3.85% annual rate. As to non-underlying inflation, a component that takes into account the products with high volatility in prices such as energy and agricultural products registered a rise of 1.48% monthly and 2.92% annually.
In the underlying price index, goods rose 0.64% and services 0.13% per month. Within the non-underlying price index, agricultural products fell 0.03% per month.
The products with increases that had the greatest impact on inflation during the seventh month of the year were the low-octane gasoline, with a rise of 5.64 percent, chicken, 5.60 percent, and domestic LP gas, with an advance of 2.33 percent.
The products that presented decreases in their costs to the public and that influenced more in the inflation were the serrano chili, with a reduction of 29.20 percent; the egg reduced 3.36 percent; and the tomato, with a fall of 4.48 percent.
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Apple has just implemented a new feature that will make it more difficult to accidentally start a subscription to an app. When you hit the subscribe button and authenticate with TouchID or FaceID, you’ll now see a pop-up notice asking you to confirm your subscription or to cancel the process if you change your mind. “The subscription will continue unless canceled in Settings at least one day before a subscription period ends,” it reads.
The update is part of Apple’s ongoing effort to make in-app payment options more transparent. In January, the company began requiring app subscriptions to show the full cost to users before signup to crack down on misleading in-app subscriptions.
The new confirm subscription step rolled out sometime in the last week, making it an unusual change that wasn’t included in a standard update to iOS. Nonetheless, it’s great to see Apple making things clearer for iOS users and prevent them from falling for scams or bad actors.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times.


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Winder police are looking for two male suspects who robbed a convenience store Friday night and then fled the scene after a 10-year-girl walked into the store and interrupted them.
Two men entered the convenience store at the 90th block of East May Street with a large caliber handgun and robbed the store of $200 and an unknown number of lottery tickets, said Lt. Todd Druse of the Winder Police Department.
The 10-year-old girl was sent inside the store by her mother to pay for gas, but quickly ran out and yelled for her mother to call police after she realized the store was being robbed, Druse said.
The two men between the ages of 17 and 20 fled the scene on foot, Druse said.
"A surveillance camera filmed the robbery and the tape is currently being reviewed," Druse said.
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The stock market crash has caused many UK shares to experience significant declines in their prices. While this may dissuade some investors from buying them, they could offer impressive long-term recovery potential as the prospects for the economy gradually improve.
With that in mind, here are two FTSE 100 shares that appear to offer wide margins of safety. Their sound strategies could make them worthy of investment in a tax-efficient account such as an ISA. Over time, they could improve your prospects of retiring early.
A declining bank in the stock market crash
Among the biggest fallers in the 2020 stock market crash have been banking shares such as Lloyds (LSE: LLOY). Its share price has declined by 55% since the start of the year as investors have become increasingly cautious about the prospects for the UK economy.
However, the company could outperform many of its sector peers as it invests in digital growth. For example, in its first-half results it reported that it now has 17m digitally-active customers. Moreover, it reported record high digital customer satisfaction ratings. This could help to differentiate it from its peers.
Lloyds also reported that it has maintained a disciplined stance on costs. Meanwhile, an improving outlook for retail spending and the housing market could help its share price to recover after the stock market crash. Having fallen heavily this year, it now appears to offer a wide margin of safety.
A global consumer brand with growth potential
Another UK share that has declined in the stock market crash is Burberry (LSE: BRBY). Its share price is down by 37% since the start of the year, with its first-quarter trading update highlighting store closures and lower demand from the overseas travel sector.
Despite this, Burberry’s strategy could allow it to produce share price growth over the long run. It continues to invest in sustainable fashion, which could broaden its appeal to a younger demographic. It is also becoming increasingly digital, while its new products have proved popular among new and existing customers under a revised design direction.
With Burberry having a strong brand and solid financial position, its shares appear to offer a wide margin of safety relative to its industry peers. As such, it could deliver improving share price performance versus other UK shares.
The prospects for UK shares
Of course, UK shares such as Lloyds and Burberry may experience further volatility in the short run. There is even a threat of another stock market crash over the coming months.
However, for long-term investors, their recent share price declines suggest that they offer good value for money. Therefore, buying them now in a tax-efficient account such as a Stocks and Shares ISA could allow you to take advantage of the stock market’s recent decline to improve your chances of retiring early.
The post Stock market crash: 2 cheap UK shares I’d buy in an ISA today to get rich and retire early appeared first on The Motley Fool UK.
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Peter Stephens owns shares of Lloyds Banking Group. The Motley Fool UK has recommended Burberry and Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
Motley Fool UK 2020


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Vancouver has just been named a Michelin Guide destination, joining Toronto as the only other Canadian city in the program.
Dished learns that the first selection of the Vancouver Michelin Guide will be unveiled in the fall and that the guide’s confidential inspectors are already visiting local restaurants.
All inspectors make reservations anonymously and pay for their own meals.
In May, we announced that Toronto would be the first Canadian city to have its own Michelin guide. The Toronto guide is also set to launch in fall 2022.
“We are thrilled to bring the MICHELIN Guide to Canada’s West Coast and shine a light on all that Vancouver has to offer,” said Gwendal Poullennec, International Director of the Michelin Guides.
“Our inspectors are already exploring Vancouver. They eagerly immerse themselves in its wide variety of cuisines, prepared with high quality products and served in warm and relaxed atmospheres. Vancouver is celebrated by international travelers for its artsy vibe and multi-faceted identity – from impressive buildings to outdoor spaces – and we’re happy to focus on its highly promising culinary potential.
The selection of Vancouver 2022 restaurants will be based on five criteria: quality products, harmony of flavors, mastery of cooking techniques, the personality of the chef in the kitchen and the regularity between each visit (each restaurant is inspected several times by year).


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Acquisitions were additionally existing in the internet poker market. The internet poker industry made a spot procurement on October 2004 when Sportingbet Plc, which throughout that time was the biggest publicly traded online video game firm worldwide, sealed its acquisition of ParadisePoker.com. ParadisePoker.com is just one of the first as well as biggest online poker card spaces in the internet poker sector. 피망머니상 The procurement was made at a whopping 340 million dollars.
The purchase likewise was videotaped to be the first time that an online casino poker card room was acquired by a public business. Other public firms followed suit and also marked a large increase in the online casino poker sector.


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Nike lets sponsored swimming change brands
Nike spokesman Derek Kent said the exception is a limited one to allow top swimmers to experiment with other products, satisfy their curiosity and compete without distractions. Since the February launch of Speedo's sleek LZR Racer, swimmers wearing the suit have broken 38 world records, but not without some fuss.
Non-Speedo-sponsored athletes clamored to wear it. Italian swim coach Alberto Castagnetti accused Speedo of technological doping.
Tyr Sport Inc, a Huntington Beach, California, swimwear maker, sued Speedo in May, alleging that Speedo conspired with the US swimming federation to stifle competition and lure top athletes away from other sponsors.
British-owned Speedo says the lawsuit is baseless.
Meanwhile other manufacturers rushed to redesign their suits to keep their swimmers happy and keep their logos above water and visible during the Olympics in Beijing.
The International Swimming Federation (FINA) has approved suits recently redesigned by Germany's Adidas AG, Arena Italia and Mizuno Corp of Japan.
There is no independent proof that Speedo makes swimmers speedier.
Speedo says it worked with NASA, using a fabric thought to reduce drag and a design that incorporates seam-free construction and polyurethane panels.
San Diego State University sports physiology professor Brent S. Rushall, a critic of full-body suits, doubts it. Speedo has promulgated dogma as propaganda in an effective manner, he wrote on an Internet site.
Rushall chalks the 38 records up to other factors, including improved training techniques and Speedo's stable of top-ranked swimmers such as Michael Phelps.
But it might be working.
In performance swimwear, Speedo's market share has increased 7 percentage points year over year to 61 per cent, said Matt Powell, an industry analyst with SportScanInfo. Tyr, at 20.6 per cent, and Jantzen Inc. at 11.5 per cent, both lost market share over the same period, he said.
Powell said he could not immediately cite Nike's market share.
``We feel there's been some positive momentum generated because of LZR Racer,'' said Craig Brommers, Speedo's vice president of marketing.
For now, Nike is simply allowing its seven sponsored swimmers, Brendan Hansen, Aaron Peirsol and Whitney Myers among them, to wear the Speedo at the trials instead of the Nike Swift swimsuit.
He declined to say if that permission would extend to the actual games or if Nike is redesigning its own Swift swimsuit.
``We're continuing work with our athletes to get their feedback on the product and fine-tune it,'' he said.


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53.17 0.00 (0.00%)
After hours: 4:33PM EDT
|Bid||0.00 x 2900|
|Ask||0.00 x 800|
|Day's range||52.96 - 53.60|
|52-week range||29.19 - 57.70|
|PE ratio (TTM)||35.93|
|Forward dividend & yield||0.63 (1.25%)|
|1y target est||N/A|
The ongoing trade war is damaging some of Americans’ favorite brands, with General Motors warning Friday that tariffs could lead to a “smaller GM.”
Constellation Brands (STZ) was trading at a 12-month forward PE (price-to-earnings) ratio of 23.9x as of June 22. The company’s valuation multiple has risen by only 0.6% since the announcement of its results for the fourth quarter of fiscal 2018 at the end of March.
Brown-Forman (BF.B) gains from impressive surprise history, solid brand portfolio, expansion plans and shareholder-friendly moves. Rise in Jack Daniel's prices in Europe may hurt the top line.
The price of Jack Daniel's Tennessee Whiskey will increase in the European Union because of the impact of the bloc's new 25 percent tariff. The EU is taxing a range of U.S. imports, including whiskey, in response to President Donald Trump's decision to slap tariffs on European steel and aluminum. Phil Lynch, a spokesman for Jack Daniel's producer Brown-Forman Corp., said Monday that the price increase for the whiskey will take effect over the next couple months as stockpiled cases of it are sold off.
The maker of Jack Daniel’s may be in need of a drink. Brown-Forman Corp. will have to raise prices for American whiskey sold in the European Union following the implementation of a 25 percent tariff, according to spokesman Phil Lynch. The higher prices, which he said will primarily impact Jack Daniel’s, will translate to about a 10 percent increase at the customer level.
NEW YORK, June 25, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of PACCAR ...
In comments at odds with his home state's whiskey distillers, Kentucky's Republican governor is downplaying fears that the European Union's retaliatory tariffs could disrupt the booming market for the Bluegrass state's iconic bourbon industry. "There's always the potential for some type of impact, but I don't think it will be a tremendous impact," Gov. Matt Bevin said when asked about tariffs during a TV interview this week with Bloomberg. Bevin, a regular at bourbon industry events celebrating new or expanded facilities, called the tariffs that took effect Friday a "money grab" by the EU, but sounded confident that Kentucky bourbon will expand its share of the vast European whiskey market.
LOUISVILLE, Ky. (AP) — Much of the rye whiskey aging in hundreds of barrels at Catoctin Creek Distillery in Virginia could end up being consumed in Europe, a market the 9-year-old distilling company has cultivated at considerable cost.
El Jimador (www.eljimador.com) is thrilled to announce a partnership with Mexican National Team (MXNT) legend Luis Hernandez, known by his nickname “El Matador,” to introduce a fun and unique way to celebrate and share soccer moments during this summer. Ultimately, Hernandez talks about the role soccer played in their lives growing up and how they even faced off in a league championship. “Soccer is a global celebration,” said Hernandez.
NEW YORK, June 18, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Microchip ...
LOUISVILLE, Ky. (AP) — Old Forester, the bourbon that launched a family dynasty and a spirits company, has returned to its pre-Prohibition Kentucky home in a newly renovated building that symbolizes the brand's comeback from years of decline.
An earlier version of this report incorrectly attributed a comment on the earnings call to Paul Varga, the outgoing CEO. It was actually made by incoming CEO Lawson Whiting. Executives on Brown-Forman Corp.’s fourth-quarter earnings call Wednesday played down concerns about the threat of tariffs on bourbon imports into Mexico and Europe, but their efforts failed to revive a flagging stock.
The Dow Jones Industrial Average gained more than 300 points today. Today, it was the Dow's turn. The Dow got a huge lift from Boeing (BA), which rose 3.2% to $371.56, and added 78.91 points to the price-weighted benchmark.
Brown-Forman's (BF.B) solid performance in Q4 is driven by robust underlying sales due to strength in Jack Daniels, led by premium American whiskey portfolio.
Stocks that moved substantially or traded heavily Wednesday: Tesla Inc., up $28.37 to $319.50 CEO Elon Musk said it's likely Tesla will reach its production targets for its Model 3 sedan by the end of ...
Brown-Forman Corp. on Wednesday reported yearlong net sales growth across its spirits lineup — including its flagship Jack Daniel's Tennessee Whiskey brand — but said fourth-quarter earnings declined due to costs associated with the creation of a charitable foundation and operating expenses. The Louisville, Kentucky-based company said underlying net sales — or sales excluding acquisitions, divestitures and other nonrecurring events — grew by 5 percent in its U.S. markets for the entire fiscal year. It reported net sales growth in a host of key overseas markets, including double-digit increases in Mexico, Germany, Russia and Brazil, along with single-digit growth in other key markets such as the United Kingdom, Australia and Poland.
Jack Daniel's distributor Brown-Forman Corp. said Wednesday it had net income of $110 million, or 23 cents a share, in its fiscal fourth quarter to April 30, down from $144 million, or 30 cents a share, in the year-earlier period. Chief Executive Paul Varga said earnings were driven by Jack Daniel's and its premium American whiskey brands.


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A rice farmer, Mr Raymos Guanah, says there is an increase in the demand for local rice, an indication that Nigerians are beginning to appreciate locally-produced rice.
Guanah journalists on Friday in Asaba that his farm had multiplied its harvests of rice in the last three years.
“In 2014, we harvested 300 tonnes, while in 2015, we got 600 tonnes.
“In 2016, we had 900 tonnes and as I speak with you now nothing is left, we were able to sell all of it,’’ the rice farmer told journalists.
He said that the farm’s target for 2017 was to produce 3000 tonnes of rice due to increase in the demand for the produce.
Guanah, Chief Executive, Raymos Guanah Farms, said that the increasing patronage was because Nigerians now prefer locally-produced rice to imported rice.
“Nigerians are becoming more aware that there is so much difference between the locally-produced rice and the imported rice,’’ he said.
Guanah, a former Commissioner for Lands in Delta, noted that the high patronage of rice produced from his farm was because of his “no stone, no sand’’ policy.
Guanah urged the Central Bank of Nigeria (CBN) to extend its Anchor Borrowers Programme to other farmers instead of limiting it to only cooperative societies.
According to him, there are some big farmers engaging in mechanised farming and cultivating larger expanse of land than many cooperative societies.


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Jaguar to Cut 300 Jobs; X-Type Is No More
After eight years and 350,000-plus units sold, the Jaguar X-Type will disappear in December, Autocar reports. Citing efforts to cut costs, Jaguar Land Rover is ceasing production of the sedan at its plant in Merseyside, England, and eliminating 300 jobs. Jaguar PR emphasized that the job cuts would be through "voluntary redundancy only."
Jaguar intended to produce the X-Type (which has already exited the U.S. market) through mid-2010, but has changed plans after a 28% fall in its retail sales. The Merseyside plant, which also produces the Land Rover Freelander, will shut down entirely for three weeks, staring in September.
"We have taken unprecedented actions to cut costs, including reduced production volumes, significant cuts to investment plans and some 2200 job losses," Jaguar head David Smith said in a statement, "Ceasing production of the X-Type early, with further redundancies and temporary shutdowns at Halewood, is necessary to protect our other investment plans."


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“You need to really understand your customer,” said Helena Foulkes, the President of CVS Pharmacy and Executive Vice President of CVS Health, at NRF Retail’s Big Show. Retailers are fighting against online-only stores by focusing on the consumer. Connecting with consumers is easier for brick and mortars for multiple reasons. Brick and mortar is striking back by developing a better understanding of customers through uniting in-store and digital channels, transforming to exceed customer demands, and emulating authenticity.
In-store shoppers and online shoppers have different wants and needs, but retailers can attract both and understand shoppers better by uniting both channels. Using digital tools to provide a better in-store experience is one example of how brick and mortar retailers are stepping up their game. Booking Bug is a scheduling platform that helps stores provide the opportunity for customers to schedule visits to the store, ensuring a productive and enjoyable visit while the store owner receives whatever information the customer entered. Booking Bug’s CEO, Glenn Shoosmith, stated at Retail’s Big Show, “You don’t have to compromise your margins to get customers in your store.” Rather than promoting sales and spending money on events, allow customers to choose what they want while obtaining more information about the customer than if they had walked in the store. Using tools such as Booking Bug allows retailers to collect tangible data on shoppers’ interests and provide customers personalized recommendations right away.
Basil Rose Boutique, an independent retailer in Newtown, CT, is working on merging their online and offline presence by building an ecommerce site to sell items online. This makes the store more accessible to a wider audience and gives them a better understanding of what customers want based on which products move quickly. Most retailers have an online presence, but in order to truly strike back at online-only businesses, retailers need to make sure their brand is mirrored online and in real life and that they are using both platforms to recognize their shoppers and cater to them.
Brick and mortar retailers are also realizing the importance of transformation to exceed evolving shopper expectations. Beth Comstock, the vice chair of General Electric, also spoke at Retail’s Big Show and stated that “volatility is the new normal.” Change is inevitable and by listening to customers, retailers can make the right adaptations to their business. One big change that the retail industry is charging forward with is integrating brick and mortars with mobile shoppers. Retailers are beginning to attract more mobile-first consumers by allowing shoppers to use their phones for personalized loyalty programs and a point-of-sale for seamless payments. Allowing people to use digital devices to simplify shopping in-store pulls shoppers from their homes and through the doors.
Understanding the customer begins with the retailer. Customers identify authenticity as one of the top qualities that attract them to a brand. No matter the demographics or interests, shoppers want a store that is real. Being 100% genuine will bring like-minded people to a retailer and the advantage of a clear identity. At Retail’s Big Show, Brandless and Capsule shared insight on this topic. They both agreed that “love and positivity are not a campaign…how the team treats each other emanates out.” Building a strong brick and mortar store begins from the core and as that is built, more customers will feel a connection and come pouring in. Everlane, a retailer built on authenticity, responded to customer desires and recently opened their first brick and mortar location. Being honest with customers leads to a stronger bond and prosperity for a retailer. Brick and mortars are coming back with a vengeance because of the trust and openness they have developed with their shoppers.
Brick and mortar retailers have a better understanding of their customer. Being accessible and identical on multiple platforms combined with constant disruption to benefit the customer and authenticity creates a recipe for success. All of these aspects of brick and mortar ultimately help retailers get a grasp of shoppers’ wants and needs and can fulfill them superior to an online-only seller. Multiple leaders in the retail industry and retailers, large and small, support these principles and encourage businesses to better understand their customers. By merging online and offline platforms, adapting to new demands, and being real, it is definite that brick and mortar is striking back.


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Indian Shipping Minister Nitin Gadkari said the government plans to spend roughly Rs. 70,000 crore (approximately $10.7 billion) on upgrades for major public ports under the “Sagar Mala” project over the next five years.
Container volumes handled by West Coast ports are returning to historical levels, but the weekly manpower requirements for handling the containers is about 15 percent higher than in the past. That suggests terminal operators are struggling to adjust to the complexities caused by mega-ships, vessel-sharing alliances and chassis shortages.
As the Port of New York and New Jersey tries to reduce chronically long lines for the 86 percent of its containers that move by truck, there are growing cries to extend gate hours. But there’s a problem — many distribution centers aren’t open late to receive the cargo.
The fast-growing port of Tauranga has begun widening and deepening its shipping channels to handle larger vessels after a more than four-year court battle over the project.
All but one of Japan’s five biggest ports saw their international container traffic shrink in the first half of this year amid growing economic uncertainty both at home and abroad.
Santos Brasil by 2047 plans to invest $324.4 million to allow the Tecon Santos terminal to handle larger ships and boost capacity by one-fifth after South America’s biggest container terminal operator received a 25-year concession extension at the busiest container gateway in Latin America.
Adani Ports and Special Economic Zone, which operates India’s biggest non-government port complex at Mundra, is rapidly expanding its container-handling footprint to create a pan-India terminal network.
APM Terminals confirmed its interest in expanding its presence in Mexico as it starts the countdown to the opening of a container terminal at the port of Lazaro Cardenas on the country’s Pacific coast.
A container booking system has gone live at Manila International Container Terminal in what port operator International Container Terminal Services Inc. believes will avoid a repeat of the chronic congestion that brought operations to a standstill for most of 2014.
A small port in Maine is enjoying a renaissance thanks to lobsters, L.L. Bean and Eimskip, the Icelandic container line that specializes in the refrigerated trade.


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Bethesda Game Studios tweeted an image of the series’s iconic test-pattern startup screen at 11 a.m. ET on Tuesday, along with the hashtag #PleaseStandBy. The developer’s publisher, Bethesda, then took to a live Twitch stream featuring a static Pip-Boy bobblehead, blue and yellow balloons, and a hand puppet to build anticipation while their audience grew to upwards of 148,000 viewers. The stream remains live, with its viewership holding around 145,000, as of the publication of this story.
— Bethesda Game Studios (@BethesdaStudios) May 29, 2018
Possible news of for a new “Fallout” comes almost three years after the announcement of “Fallout 4” at E3 2015. The game was released on Nov. 10, 2015, just months after being unveiled. “Fallout 4” sold 12 million units at launch, surpassing 2011’s “Skyrim” as the fastest-selling title in Bethesda history. Several major expansions were subsequently made available as individual DLC purchases and as part of a substantial “season pass.”
In January 2012, Bethesda gained the rights to an abandoned “Fallout Online” MMO project in an out-of-court settlement, but no further developments about the IP have been made public.
This year’s E3 will take place from June 12 to June 14, while Bethesda’s showcase is scheduled for 6:30 p.m. PT on June 10.


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- Head, Department of Horticulture and Landscape Architecture
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- Trader Fruit - Rungis (France)
- Fruit & vegetables Export - Import manager
- Import-Export senior Sales Agents to Europe - Barcelona, Spain
- Teamleader Agronomist Vertical Farm - Poeldijk, The Netherlands
- Internationaal Verkoper / Trader AGF - Barendrecht
- Greenhouse Installation Specialist
- Greenhouse Assistant Grower - Abbotsford (B.C.) Canada
- QA Officer Retail - Maasdijk
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UK: Spider nest on Aldi banana
The customer said he had a suspicion it might be a spiders’ nest and he contacted the National Exotic Animal Sanctuary which confirmed, from a photo of the banana, that it looked like a nest.
The customer contacted Aldi on Facebook and by phone and was told instructions would be emailed to him so he would know what to do with the banana, which is still in his freezer now. The instructions never arrived.
In a statement to this website, Aldi said they would like to apologise to their customer for any inconvenience caused. “A senior member of Aldi’s staff is currently meeting with the customer to retrieve the product and apologise in person” the retailer added.
Source and photo: uk.news.yahoo.com
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Other news in this sector:
- 2019-01-17 Philippines: Russian group to invest 8 billion pesos in banana plantation
- 2019-01-17 Bolivia: Up to 10,000 hectares of bananas affected by floods
- 2019-01-16 "This year, the exportable supply will depend on the intensity of climate change"
- 2019-01-16 Will banana prices rise during the Spring Festival?
- 2019-01-16 Banana exports from Costa Rica to China expected to decrease this year
- 2019-01-15 Ecuador starts exporting bananas to Slovenia
- 2019-01-15 Panama: Banana reactivation in Baru
- 2019-01-15 Ecuador: Banana producers disagree with law proposal
- 2019-01-14 Price of dwarf banana rises because of the cold weather
- 2019-01-14 Europe and the US are saturated, Peru's organic banana needs the Asian market
- 2019-01-14 Water scarcity in India hits banana production in Sindh
- 2019-01-11 Bolivia: Almost 5,000 hectares of bananas affected by flooding
- 2019-01-11 Preparing for China, Longmate exports bananas through Vietnam
- 2019-01-09 "Quality organic bananas in good quantities are currently available"
- 2019-01-09 Spain: Almost 4 million kilos of Canary bananas lost due to recent wind storms
- 2019-01-09 Spain: Canary bananas have lost 10% market share to imports
- 2019-01-08 Belgium is the world's second largest importer of organic bananas
- 2019-01-08 Paraguay: Enough bananas to cover domestic consumption and export
- 2019-01-08 Northern Uganda: Innovative farmer took matooke to West Nile region
- 2019-01-07 Cold snap hits China! What will happen to the banana market?


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Actress Kate Bosworth went in for a floral look in Dolce and Gabbana at the 2011 Creative Coalition Spotlight Initiative Awards in Utah on Monday. The event was held as part of the Sundance Festival.
Bosworth paired up the white floral dress with a slim brown belt clenching her petite waist. The silhouette was flowy and the dress was done up with a lot of lace and sheer fabrics. Kate managed to pull off the look by sporting her blonde hair casually and wearing jewels by JewelMint. Her makeup was also very fresh and went well with the overall look.


text: MARSHFIELD, Wis. (WSAU) -- Out-of-control garage sales! That’s the issue being discussed by city leaders in Marshfield who are looking at regulations on garage sales, especially the ones that never seem to end. Marshfield resident Bob Levendoske says one garage sale near his home has turned into an ongoing “retail” operation. That sale was continuous two weeks and now runs every Wednesday through Saturday, and Levedoske said, “I might be better off having a dental office or a hair salon close to my house than this. There’d probably be less traffic, less noise.” Alderperson Alana Feddick-Goodwin voiced concerns about having too many controls on what people can do on their own property, and thinks existing laws should be used to control the problem before any additional regulations be put in place. The Common Council unanimously referred the issue to the city’s Plan Commission to research existing regulations, and provide suggestions for how to handle the issue. The Plan Commission is are being asked to consider regulations on garage sale signage.


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Bashas’ recently installed NCR’s Blockbuster Express DVD-rental kiosks at more than 100 of its Bashas’ and Food City supermarkets in Arizona.
“Our customers can now get great deals on everyday grocery items and new-release movie rentals at our stores,” said Bashas’ director of communications Kristy Nied. “Just in time for Valentine’s Day, the Blockbuster Express kiosk allows us to combine an inexpensive at-home meal with an affordable, convenient entertainment option.”
The kiosks will offer a variety of romantic comedies this Valentine’s Day, including Jennifer Aniston in “Love Happens”; “The Ugly Truth,” with Katherine Heigl; and the Matthew McConaughey-Jennifer Garner comedy “Ghosts of Girlfriends Past.” The full list of titles available through the kiosks can be viewed at www.blockbusterexpress.com.
Each kiosk holds more than 900 DVDs, including popular movie titles and new releases. No membership is required — customers simply swipe their credit card and are charged $1 per night for a rental. A DVD can then be returned to any Blockbuster Express kiosk.
Chandler, Ariz.-based Bashas’ operates more than 130 grocery stores.


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Technology blog Valleywag says it has a winner in its Apple Tablet scavenger hunt offering prizes to anyone who can provide proof the mythical device exists. And the winner is: Apple? That's right; Gawker Media's tech blog is awarding a prize to Appl...
Acer launched two new laptops on Friday labeled by the environmental group, Greenpeace, as being virtually free of two toxic substances, polyvinyl chloride (PVC) and brominated flame retardants (BFR).
Intel on Thursday reported US$2.3 billion in profit for the fourth quarter of 2009, in a strong financial showing driven by an increase in spending on PC and server chips.
HP announced today that certain configurations of its Envy 15 laptops will come equipped with the new USB 3.0 spec. This makes HP one of the first computer companies to offer the incredibly fast technology on their machines.
The policy of random laptop searches and seizures by U.S. government agents at border crossings is under attack again, with a pair of civil rights groups seeking potential plaintiffs for a lawsuit that challenges the practice.
Wyse Technology has started shipping the X90cw, a new thin client that is an Intel Atom-based netbook, it said on Wednesday.
Absolute Software has added a new feature to its Computrace Lojack anti-theft software that can remotely turn a stolen laptop into a useless, non-bootable 'brick'.
Toshiba plans to release Transformers accessories
Mary Lou Jepsen and her team at start-up Pixel Qi have their display-screen technology in several products being shown at the International Consumer Electronics Show (CES) and plan to put a DIY (do it yourself) screen kit on the market early this yea...
Advanced Micro Devices will put triple-core processors into laptops to fill a power and performance gap, the company said.
Acer is recalling about 22,000 Aspire laptop computers after customers reported that some models were overheating.
Intel is ramping up efforts to push low-power Atom chips in the burgeoning category of tablet devices, a market where the chip giant, which dominates netbooks, faces tough competition from competitors like Nvidia.
CES may have "consumer" right in its name, but this year's show featured plenty of hot new products aimed squarely at small and midsized businesses.
MagicJack is demonstrating a device near the International Consumer Electronics Show this week that it claims will let consumers make VoIP calls using any GSM phone.
Micro-Star International (MSI) unveiled two prototype dual-screen netbooks at the International Consumer Electronics Show in Las Vegas on Thursday: a model with two 7-inch screens and another with two 10-inch screens.
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First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.
The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.
The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.
My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.
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streetwear is a trap according to virgil abloh
Forget the term, focus on the relevancy.
Image via SSENSE
You can’t talk about fashion these days without talking about streetwear. What was once the preserve of skate and hip-hop cultures is now everywhere, from Balenciaga to Valentino. Virgil Abloh is the reigning king of streetwear, taking it into the highest echelons of design as Menswear Artistic Director of Louis Vuitton. And yet, our streetwear lord and savior just told a crowd at WWD's Apparel and Retail CEO Summit that the term is a kind of trap. "It's sort of seen as an ingredient that you just sprinkle on anything, but more what it means in the practical sense is clothing that people wear on the street,” the designer said.
The term streetwear has become blown-out beyond all original meaning as it’s been co-opted by capitalist behemoths and used as a marketing buzzword to try and tap into some of that cultural — and literal — gold owned by the likes of Supreme and Palace. Streetwear has always been synonymous with hype, it’s the currency it trades on. But it’s also what might burst its bubble, according to a recent Highsnobiety article. When it becomes all about extremely blown-up prices on resale sites, when cost doesn’t correlate with an sense of value, and when meaning has been lost into the deep abyss of late-capitalism, streetwear loses its ability to capture the mood of youth culture.
"I think the key word is relevancy. If something is relevant it's already occurring on the street, you see it. When the brand is sort of communicating relevant things, you're going to see a major sort of engagement. But it's not a figurative thing that can be designed into products or designed into campaigns." If streetwear can recapture relevance remains to be seen. But its legacy will still be the defining feature of fashion in 2010s.
This article originally appeared on i-D UK.


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Indian online market is expected to surge 10 times from its current level to $50 billion by 2020.The market is primarily driven by better Internet penetration and higher incomes,as per a recent report by IAMAI.
Indian online market is expected to surge 10 times from its current level to $50 billion by 2020.The market is primarily driven by better Internet penetration and higher incomes,as per a recent report by IAMAI
"E-tail is the most recent segment, but its highest growth rates and success will be the key driver of the overall e-Commerce market," said a UBS report.
The Internet & Mobile Association of India (IAMAI) estimates that the overall Indian e-Commerce market, of which e-tail is a segment, is currently worth $ 16 billion.
The report made a specific mention of the Indian Railway Catering and Tourism Corporation (IRCTC) as "the best example" of a successful Indian e-Commerce venture.
"We estimate that IRCTC had an estimated total sales of $ 3 billion in 2014 with an online penetration level of 43 per cent. Its success indicates that the Indian consumer is willing to accept technology if it is a compelling value proposition," the report stated.
The marketplace model of e-tailing will gain prominence "as it is scalable and requires less capital and time than other models".
"Current regulations and the presence of large unorganised sellers (mom-and-pop shops) also support this model," it added.
Multi-product e-tailers (Flipkart, Amazon India and Snapdeal) are moving towards the marketplace model while e-tailers in niche categories such as furniture, baby products and grocery have hybrid business template, the report pointed out.
At the same time, it played down investor concerns about e-Commerce being a
Live: People Reading Now


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Have you heard the news? Video games finally are being hailed as art! I KNOW! To celebrate the mainstream acceptance, the Smithsonian is busy curating a video game exhibit that will open to the public in a little over two years.
“The Art of Video Games” at the Smithsonian American Art Museum will explore the evolution of games as an artistic medium. From the announcement on the museum’s site:
From the Atari VCS to the Playstation 3, The Art of Video Games will show the development of visual effects and aesthetics during four decades, the emergence of games as a means for storytelling, the influence of world events and popular culture on game development, and the impact that the games can have on society.
The exhibit will be a multimedia, multisensory event, with art prints, historic consoles, video interviews, and even a public vote on top video game moments.
“The Art of Video Games” runs March 16, 2012-Sept. 9, 2012, at the Smithsonian American Art Museum in Washington, D.C. Read the full exhibit announcement here. And when you visit the museum, be sure to wear Christine’s favorite shirt!
Thanks to the St. Louis Post-Dispatch for the tip.


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As per the complaint, Royal Enfield had first sought to buy regulator-rectifiers from Flash, but when the parties could not agree on the price, the company secretly reverse-engineered its products and copied its patented technology.
Auto component maker Flash Electronics has filed a lawsuit against Royal Enfield in the US, alleging patent violation of a component — regulator rectifier device — and has sought up to three times the amount of compensatory damages found. The complaint has been filed at the US District Court of Wisconsin, eastern region.
As per the complaint, Royal Enfield (RE) had first sought to buy regulator-rectifiers from Flash, but when the parties could not agree on the price, the company secretly reverse-engineered its products and copied its patented technology.
The complaint has been filed against Royal Enfield and its arm Royal Enfield North America.
When contacted, the Eicher Motors-owned company said, “We are in receipt of the said notice, and our teams in USA are reviewing the complaint.”
Sanjeev Vasdev, founder and MD, Flash Electronics India, alleged that when the companies did not agree on the price, RE appointed an Indian firm to copy the design. “We reminded them on multiple occasions about the infringement and also issued a cease and desist letter last year, for which we received a very standard reply stating that they are not violating any rights,” he told FE.
A regulator rectifier device converts the AC (alternating current) voltage produced in motorcycle engines into DC (direct current) voltage to charge the batteries, power the headlights and light up the instrument panel.
Flash Electronics alleged that in 2014, RE approached it to purchase regulator-rectifiers and as part of the negotiations, RE asked Flash to supply it with two regulator-rectifiers as samples to help it evaluate the purchase. After having provided the samples and several reminders asking for the samples back, RE returned one of them in August 2015. “Defendants (RE) regulator-rectifiers are identical in core respects to Flash’s design,” the company alleged. The complaint further alleged that RE used the component in its product line-up, including the Continental GT, the Himalayan and the Classic line sold across the world.
Vasdev said the company would file similar suits in other countries, including the UK, Germany, France, Italy and parts of the Asia-Pacific region, including India.
He claimed that Flash was approached by three senior officials of RE in October 2018 in New Delhi to settle the issue amicably and requested it not to file any suit on the matter. “Flash waited for the outcome of this meeting but Royal Enfield did not address the issue,” he said.
Flash has also sought a permanent injunction against RE, its directors and those acting in privity with them, along with their parents, and subsidiaries, among others from further acts of infringement.


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Brace yourselves - Brexit will take years ... and years
How long will it take for this Brexit business to be finalised? Well, the short answer is that it depends on who you ask; the honest answer is that right now nobody knows. But nobody thinks it can be done quickly.
The head of the World Trade Organisation (WTO), Roberto Azevedo, scared the stripes out of many people last month when he noted that it took Russia 20 years to negotiate its membership terms of that body.
"It is very difficult to predict," he said. "Russia's accession to the WTO took 20 years. Other negotiations happened faster.


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Auth0, a Bellevue company that offers online security for businesses, said Tuesday it raised an additional $120 million in funding that boosted its valuation to $1.92 billion.
The latest funding round was led by Salesforce Ventures. Auth0 raised $103 million last year at a rate that valued it at more than $1 billion, establishing itself as a so-called unicorn. The company has raised more than $330 million since its founding in 2013.
Auth0 said its revenue grew 70% last year and continued to rise this year through June amid a shaky economy.
The company, which currently employs about 650 people worldwide, has added more than 140 workers this year.
Auth0 has more than 9,000 paying customers. The company develops technology to help verify and protect people’s online identities. It provides a software service companies can use to create secure online logins with features such as multi-factor authentication.


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‘A diverse portfolio of revenue is important’: Publishers shore up their consumer revenue strategies
As Facebook and Google continue to suck up digital ad dollars, publishers are paying more attention to diversifying their revenue portfolios, particularly with an eye toward direct consumer revenue.
New York Media and The Daily Beast are exploring consumer revenue programs, top executives at those companies said, speaking at the Digiday Publishing Summit in Vail, Colorado. New York Media, which owns New York magazine as well as sites such as Vulture and Grub Street, is evaluating a paywall for some of its digital properties, said Avi Zimak, New York Media CRO. The Daily Beast, meanwhile, is planning to launch an added-value membership program sometime this year, said CEO Heather Dietrick.
Advertising accounts for roughly 70 percent of New York Media’s print and digital revenue, Zimak said. While the company isn’t looking at a blanket paywall, it’s examining where subscriptions make sense within its digital portfolio.
“A diverse portfolio of revenue is important,” said Zimak. “A paywall is not right for everyone, but for news-focused media, it makes a lot of sense. We have that through New York magazine and Daily Intelligencer.”
For The Daily Beast, the approach will be to offer a new product aimed at its most avid users rather than gating existing content, which could take the form of exclusive events or gatherings hosted by Daily Beast journalists, Dietrick said. Over half of The Daily Beast’s revenues are from advertising, she said.
The membership model is one that USA Today Network, which comprises USA Today and 109 other local news outlets, has been investing in. USA Today Network offers a free membership program in all its markets, with benefits ranging from curated food festivals to private dinners and movie clubs. The idea, according to Andy Yost, USA Today Network CMO, is less about growing additional revenue than offering unique content and experiences that would help retain subscribers.
Yost said retention with registered members is three to four times higher than subscribers that haven’t enlisted in the program. Subscription revenue accounts for about a third of Gannett’s overall revenue, he added.
“A percentage-point improvement in retention is huge — for us, that’s big money,” Yost said.
Beyond paywalls and memberships, some publishers are launching new products to drive consumer revenue. TheSkimm, for instance, has a calendar app that costs $3 per month. The idea of the app is to go deeper into topics that are not covered by the main newsletter. A big area of focus for the company is to get people, especially its most engaged users, to download and subscribe to the app.
“We have 10 million-plus people engaged with our platforms,” said Brandon Berger, chief business officer for theSkimm. “If we can convert 1 million, 2 million, 3 million people, that’s a pretty strong business, and that’s what we are focusing on.”
Commerce was another big topic of discussion for publishers trying to create new revenue streams. TheSkimm, for instance, wants to figure out more ways to grow commerce, including by building products that cater to its core 30,000 “Skim’bassadors,” Berger said.
Pete Spande, CRO of Insider Inc., said the publisher is focused on building out a revenue model that would ideally be one-third ads, one-third subscriptions and one-third commerce and content licensing. Today, advertising accounts for between 60 and 70 percent of Insider Inc.’s revenues.
Commerce is already a multimillion-dollar annual business for New York Media, said Zimak. The publisher’s e-commerce site the Strategist offers links to all sorts of products, from vacuum cleaners to overalls worn by stars from popular TV shows, and includes articles highlighting different products. Zimak said the Strategist continues to grow, with users growing 200 percent and revenue quadrupling from when it launched last year.
Ultimately, as important as it is to have a diversified revenue portfolio, with commerce, publishers should approach the business from a user-first perspective rather than a business-first perspective, said Dietrick.
“Commerce should not be a revenue play, first and foremost,” she said. “It should be a service for the readership.”
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