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Alert! GSA FSSI OS3 Will Effectively Eliminate Schedule 75 Office Supplies in May 2014
OS3 may spell the end of GSA Schedule 75 in its present form. The OS3 model may not bode well for the Multiple Award Schedule (MAS) vendors with 18,500 contracts under the MAS procurement program which has generated over $35.8 Billion in annual sales
The OS3 will allow open competition for the procurement of office supplies. In OS2, these procurements were limited to only the Schedule 75 holders. OS3 will thereby eliminate the advantage previously held by Schedule 75 holders.
The OS3 may be the harbinger of the future of federal government spending and the end of the MAS program. The OS3 model should cause concern among the current MAS vendors, because as OS3 is being applied to eliminate Schedule 75, it can be inferred that the future may see the elimination of other MAS.
Bornstein & Song Research has previously expressed concern about the OS2 and the affected Schedule 75 small business federal vendors. Their research included a Bornstein & Song FSSI National Survey to assess the impact on these small businesses since the inception of the OS2 in June 2010.
The survey results were shocking and indicated that small businesses have suffered significant financial distress, business failure, and the resulting job losses for their long standing and devoted employees. There were a few winners, but a far greater number of losers. Bornstein & Song’s concern is magnified as the Economic Cost of the OS2 has not yet been evaluated by the GSA. But, nevertheless, the GSA is moving forward aggressively with the OS3.
GSA has viewed the OS2 as a great success, as they proudly proclaimed that small businesses have generated 76 percent of all OS2 sales with savings of nearly $50 Million.
During the OS3 Industry Day, a GSA representative stated that the GSA was not concerned about the number of small businesses participating in the FSSI program, but only the aggregate sales dollars going to small businesses.
This statement ignores the fact that while there were only 15 winners generating a significant increase in their GSA sales of Office Supplies, this increase was on the backs of the more than 550 non-winners who encountered a significant decrease in their GSA sales. The resulting impact is being studied by Bornstein & Song Research, and the results are not encouraging as small business and jobs are critical to economic recovery.
In October 28, 2013, Bornstein & Song Research issued their findings that while more than 550 non-winners have seen an average 60 percent decrease in their GSA sales, the 15 winners reaped an average increase of almost 145 percent. Regarding the GSA claim of $50 Million, it should be noted that the GAO Report (Dec. 2011) on the FSSI for OS2, questioned GSA's strategic sourcing savings figures, so these savings may be in question.
It can be expected that OMB will mandate that all purchases of Office Supplies be made only from the 21 FSSI OS3 awardees. This further raises the issue of the fate of those small businesses who were not among the expected winners in the OS3 competition.
Prof. Samuel D. Bornstein


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Polaris Industries announced plans this week to acquire one of its contract manufacturers in a bid to streamline its supply chain.
The manufacturer of snowmobiles, ATVs, and other vehicles will pay nearly $24 million in cash for all outstanding shares of WSI Industries, a high-precision parts manufacturer that reported almost $26 million in net sales in the nine months ending in late August.
Polaris accounted for nearly 80 percent of that total, and officials said the addition of WSI would bring “precision machining capability in-house.”
“The acquisition of WSI Industries supports our long-term supply chain strategy and makes this opportunity an exciting value creation opportunity for Polaris,” said Ken Pucel, the company’s executive vice president of global operations, engineering, and lean.
After the deal closes, WSI will remain a distinct operation within Polaris and will continue to operate out of its facility in Monticello, Minnesota — located about 30 minutes from Polaris’ headquarters in Medina.
“This transaction is a testament to the manufacturing excellence we have delivered to Polaris over the last 20 years,” said WSI President and CEO Michael Pudil.
Image Credit: Polaris R / https://rzr.polaris.com/en-us/trail-sport/

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Do you hear just about anything don Since Christmas ads have already commenced airing on TV, That got us to occupied with which Twin Cities radio station will be the first one to make the switch to an all holiday music format.
Yr subsequent Lite FM(102.9) Was web templates to turn on the nonstop laptop black friday Christmas tunes starting Nov. 12 and was tried a few days later by KOOL 108(107.9 FM). This year, Things best black friday deals 2016 were of best electronic black friday deals course a quite different at least for one station. At the Clear tv direct owned KOOL 108, Program director Lauren MacLeash says that this year listeners will need to wait more time before hearing holiday tunes on KOOL. Are preparing to you go at a more sensible time the day after Thanksgiving, MacLeash taught.
Felt we would do a big countdown to Black Friday and really just push into it from edinburgh. So will Lite FM be web ads for black friday 2015 site to make the move? Program director John Lassman said the CBS owned radio station doesn have a holiday music start date yet, But he been getting very good calls from listeners inquiring Christmas songs. Amy Carlson Gustafson.
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It’s no secret that people love their pets. Last year, Americans spent over $72 billion on their furry friends, a number that’s only expected to rise in 2019. So when stores say they’re “pet-friendly,” you can count on people bringing their beloved buddies with them. PetCo is one such retailer, and on any given day, you’re likely to spot all sorts or four-legged friends accompanying their owners up and down the aisles.
Vincent Browning recently decided to see just how far their policy extended. The company’s website says they welcome “any domesticated companion animals that are legal to own in your county/city/state, and has proper license and is fully vaccinated.” So Browning, along with his partner, Shelly, pulled in to their local PetCo in Atascocita, Texas, accompanied by their steer, Oliver.
At 1,600 pounds, Oliver is likely the largest pet to ever enter a PetCo location, but as the phrase goes “everything’s bigger in Texas.” The couple, who were returning from an event with Oliver in tow, popped in to grab a few items on their way home. Shelly had mentioned to a cashier that Oliver was outside — the cashier then insisting the couple bring him inside to say hello.
So Shelly and Vincent went out to get their Ankole-Watusi steer, first placing him on a leash per store policy, then parading him through the store’s double doors. “People couldn’t believe it,” Shelly said. “The whole staff there was really nice about it and excited.” Shelly posted their adventure on Facebook, with tens of thousands of people sharing and liking the larger than life photos. PetCo’s social team even caught wind of the incident and chimed in on the post, saying: “We mean it when we say ALL leashed pets are welcome in our stores.”
It may seem like a big day for this steer, but Oliver is no stranger to fame. The African Watusi steer already has over 56,000 fans on his Facebook page, with his owners sharing photos and letting individuals book this big boy for parades and events.
Out hats are off to Oliver and the Brownings, and to PetCo for allowing pet owners to keep their friends close, even where they’re away from home.


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The bitcoin drops below $6,000. The market’s main cryptocurrency fell below the psychologically significant barrier of $6,000 last night and has yet to recover. Bitcoin (Bitcoin) is being traded at around $5,864. It should be noted that it is not the only digital currency that is in negative territory. With the sole exception of Tether, the rest of the top 10 cryptocurrencies by market capitalization are in red.
Discovered a vulnerability in Tether’s code. China’s team of cybersecurity specialists SlowMist has discovered a vulnerability in Tether’s code that allows double spending, according to developers on their official Twitter account. Because of this vulnerability, when exchanges process deposits in USDT, the system may incorrectly verify the transaction and confirm it as completed even when funds have not been sent. As a result, the initiator of a transaction can use the tokens that are credited to him to negotiate in the exchange, while retaining his tokens.
Binance plans to open an exchange in Uganda. The Binance cryptocurrency exchange is intended to open a new branch in Uganda. The branch will provide services for the exchange of digital assets for fiat money, according to the exchange’s founder, Changpeng Zhao. According to this, Binance Uganda will be an independent structure but will maintain commercial relations with the main platform. The new exchange will use the code, operating systems and security measures of the original Binance platform.
Gigabyte video card sales down 20%. At an investor conference held on 27 June, Gigabyte representatives (TWSE: 2376) estimated that the company sold around 1 million video cards in the second quarter, 20% less than in the first three months of the year when it sold 1.2 million. Experts believe this is due to declining demand from the mining sector and tighter regulation. Gigabyte’s earnings in 2018 are still higher than last year’s, but it is impossible to know what will happen for the rest of the year.
Mastercard gets a patent for an anonymous blockchain transaction system. As can be seen from the description of the application on the website of the United States Patent and Trademark Office (USPTO), the transparent nature of conventional blockchain transactions has become an obstacle to the introduction of this technology in daily payments. For this reason, Mastercard has developed a solution that will make it impossible to track the individual transactions carried out on the blockchain.


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Altria reports they have written down their investment in Juul by more than a third, recording a $4.5 billion pretax charge against its third-quarter earnings. This news comes about one year since Altria invested $12.8 billion for a 35% stake of Juul. The recent write down takes Juul’s valuation from $38 billion down to $24 billion.
It has been a rough year for Juul after numerous cases of vaping-related lung disease in users and dramatic regulatory changes governing Juul’s marketing abilities and flavored products. The e-cigarette company has also been under attack from the Trump Administration, who has been adamantly fighting to remove all flavored vaping products from the market and creating mandatory FDA approval laws in the e-cigarette industry. Altria CEO Howard Willard has commented, “Certainly in the range of scenarios when we made our investment in Juul, we did not anticipate this dramatic of a change in the e-vapor category.”


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'We never planned to do it, it just grew organically.'
BEARING FRUIT: Founded in 2006, Bananagrams has seen sales of its high-speed word game grow. Pictured above from left, vendor coordinator Katherine Blessinger, marketing executive Shauna Parsons and trade-show manager Meredith Eisenberg.
Before they created Bananagrams, the high-speed word game now played in elementary school classrooms and pubs and from Bristol to Brazil, the Nathanson family invented other games to pass summer-vacation hours by the beach in Narragansett.
Guessing whether food and kitchen utensils dropped in a bucket of water would sink was one, but it didn’t have the portability or addictive potential of their anagram game, which the family took with them wherever they went.
And it didn’t have a catchy name like Bananagrams, a moniker that gave the word game not only its marketing punch, but the fruit theme and packaging concept.
“My dad said: ‘This anagram game is driving me bananas,” and we knew we had to put the whole thing in a banana shape,” said Banagrams President Rena Nathanson. “We never planned to do it. It just grew organically.”
Although its kitchen-table creation by three generations of Nathansons gave the game built-in market testing and authenticity, Bananagrams was not entirely an amateur affair.
Nathanson’s father, Abe, the driving, creative force behind the Bananagram family of games, was a graphic designer who founded a commercial-design studio, George Nathan Design, before he turned to creating games in his later years.
It was Abe Nathanson’s knowledge of manufacturing that resulted in a test batch of 50 Bananagrams games being made in 2005.
At the time, the younger Nathanson was also a graphic designer with two children trying to launch an interior-design business.
She took 25 of the games to London, where she lives part of the year, while 25 went to The World Store in North Kingstown.
On both sides of the pond, the games, packaged in banana-shaped, yellow pouches, flew off the shelves, prompting the Nathansons to have 500 of the games made. Those too sold rapidly and when Nathanson took Bananagrams to an international toy show in London, a business was born.
Nathanson quit her décor enterprise and the family opened an office on Allens Avenue in Providence, which they quickly painted yellow and made the headquarters of an international sales operation.
By 2011, Bananagrams had sold 6 million games and, in addition to the original game, now makes four others, including Appleletters, Pairs in Pears, Zip-It and Fruitominoes.


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Le Mars Toy Store: More than just toy tractors
By KRISS NELSON
LE MARS – If you are looking for a toy tractor, semi-truck or have an old one that has seen better days and could use a makeover, look no further than the Le Mars Toy Store.
Owner Albert Schulz has been in business for 22 years now, and his store has grown over the years.
The business started in an interesting way, according to Schulz.
“It started as kind of a fluke with a front window display of my own toys at one of my other businesses,” he said.
That display eventually grew into what Schulz claims to be the “most diversified farm toy store in the United States.”
The fact the Le Mars Toy Store offers restoration and customization of farm toys as well as semi-trucks and features a large inventory of old, new and custom toys is the reason the store has earned the title of largest, most diversified farm toy store in the United States, Schulz said.
The store has a wide selection from collectors, custom, salvage yard, and toys that can be played with.
“Within each brand, the customers have their favorites and they are very loyal to their own brand,” Schulz said, adding it gives a whole new meaning if the customer is either a red person or a green person. “There are some crossovers where the person isn’t all green or red but possibly has both. That is the reason why we offer all kinds of varieties when it comes to the different brands of tractors.”
It’s estimated there are more than 10,000 items in the store, ranging from parts, decals, pedal tractors, 1/64, 1/16, and 1/8 tractors and toys.
There’s more than the Le Mars Toy Store offers.
“We have a salvage yard, we do customization of tractors and restorations, we handle old and new products of all sizes and we sell parts,” Schulz said. “We have a large variety which makes us the most diversified.”
When it comes to custom work, they have done just about everything.
“Basically with customs, I started out tweaking a few things 20 years ago,” he said. “Now, we have progressed into the level that we cut and mill and design most of our own parts.”
A customer might come in looking for a toy tractor to look just like their real one.
“We can do that,” Schulz said. “From loader tractors with hydraulic hoses, quick hitches, transmissions, and etc. A lot of guys, like myself, have a real tractor with a chrome pipe on it. They sound better, look nicer. Even the new style steps and air cleaners. They want those looks on their toy replica.”
He added some of the work is done at the store, while other work is done off-site.
“We will do the lighter custom work here,” he said. “I design it and our contractors have their own machine shop and finish it.”
They will also restore pedal tractors.
One of the most recent unique projects the store just recently restored was a 1923 fire truck.
This particular fire truck had belonged to a customer’s father, who 3 years old in 1923 when he received the truck as a gift.
“We’re talking heirlooms like that,” Schulz said. “We get a lot of sentimental stuff. When customers spend $500 to $1,000 in these tractors, these are heirlooms that get passed on to their next of kin.”
Sometimes restoration and customization can get very extensive on different things, he added.
The Le Mars Toy Store has also customized items to help commemorate shows or events, including a tractor each year for the Albert City Threshermen Show and a toy semi for the Plymouth County Fair every year.
Not only does Schulz believe in promotion, but he also believes in community service projects.
The store has several they are involved in.
One of them involves a show and tell project. As a child is starting school and comes into the store, they receive a free $10 toy, which they have to take to school as a show and tell project. Afterwards, they have to write a letter about their visit and experience.
“This program continues on for older children as well, but they have to write a story,” Schulz said. “Have their teacher grade it and send us a copy.”
Schulz feels these are great learning opportunities for students because they learn to speak about their tractor in front of their class as well as helping them to improve their writing skills.
“That’s just one of our ways we give back,” he said.
The Le Mars Toy Store also helps fundraising efforts of area volunteer police, fire and emergency medical technician agencies by donating pedal tractors.
“They have to sign a contract with us and tell us they are going to go out and sell raffle tickets for a set price,” Schulz said. “We give them a free pedal tractor.”
Over the past few years, about 18 pedal tractors have been donated and more than $50,000 has been raised by the EMT and fire departments annually.
The store has donated pedal tractors for these efforts outside of Le Mars as well, according to Schulz, reaching out to other areas throughout the state of Iowa, Nebraska, South Dakota and Minnesota.
The store believes in giving to the different volunteer departments because they are always there when the public needs them.
Additionally, the store also works with terminally ill children, sponsoring events with Shriners Hospital for Children.
Why collect toy tractors?
“When we were kids, we had toy tractors, but it is something to associate with what you also had,” Schulz said. “Maybe it’s going to grandpa’s farm and driving his 4020, and now you’re corporate somewhere, but you remember those days. Maybe it was your pride and joy and you are now retired, but want one to look at.”
Sometimes customers are buying to add to their collection.
“Whatever you collect, always enjoy what you collect,” he said. “That’s the thing.”
The Le Mars Toy Store will be holding its annual customer appreciation days from March 22 through 24, with lunch provided each day from 10 a.m. to 4 p.m.
“We serve a free, hot meal to everybody that comes,” Schulz said. “We do it to say thank you. It builds customer relationships. They are like family and friends.”
Last year. the store served more than 2,000 people. Customers traveled from places such as Pennsylvania, Colorado, Michigan, throughout the Midwest and even Canada.
Schulz said they are all tractor enthusiasts, with some coming for the enjoyment and others coming to buy something – either for their grandchildren or for restoration.
In the fall of 2016, Schulz was diagnosed with terminal cancer.
Right now, Schulz wants people to know, as of this last fall, he is stable after undergoing major surgery in December 2016 and doing quarterly check-ups since then.
He said he would like to thank the hundreds of people that have called to see how he is doing.
Many people have asked him to not close the store because it means so much to them and they enjoy stopping buy.
But, he stated, it also means a lot to him to have them stop by and he plans on keeping the store open and doing business as usual.
Schulz added he owes a lot of credit to his employees for without them he could not do it.
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HOUSTON - Since the COVID-19 pandemic began, many more families are struggling to put food on the table. This week, Governor Abbott announced Texas is providing an extra $168 million in emergency SNAP food benefits.
The Texas Health and Human Services Commission declined to be interviewed about the number of applications they're getting, but we dug into their most recent posted data.
HHS reports disposed applications statewide, which are applications worked to a decision, went from 150,588 in February to 183,306 in March, already showing a rising trend. April is expected to see a significantly higher increase.
HHS received federal approval to increase benefits to the maximum amount for the months of April and May.
The Commission's data shows Texas cases received an average of $258 for March.
For April and May, depending on the size of your family, recipients can receive up to $194 per person or $646 for a family of four.
It will be added directly to Lone Star Cards by April 15th and May 15th. The renewal process for recipients is also being temporarily waived.
For new applicants, HHS is waiving the interview and work requirements for able-bodied adults to speed up the process.
Food assistance through WIC, the Women, Infants, and Children program, is expanding the options of foods clients can buy because they're having trouble finding what they need in stores.
That includes more options for milk, bread, rice, pasta, and eggs, and they're permanently adding canned fruits and vegetables.
WIC is asking shoppers to leave some of these items on shelves for WIC families. WIC approved foods are marked with a pink sticker.
SNAP and WIC purchases are not eligible for delivery in Texas, though WIC officials say they're considering it. Officials have updated the MyTexasWIC app to help families find foods they need in local stores.
To apply for SNAP benefits, go to YourTexasBenefits.com.
You can apply for WIC benefits at TexasWIC.org or call 1-800-942-3678.


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Cocoa prices are skyrocketing due to a severe supply shortage. This is mainly caused by poor harvests in Ghana and Ivory Coast, the world’s top two cocoa producers. These poor harvests are due to extreme weather and disease.
Global demand for cocoa is outstripping supply, leading to a projected deficit for the current and upcoming year. This has caused cocoa prices to more than double this year.
Read more here: https://www.barchart.com/story/news/25032889/cocoa-prices-catapult-to-record-highs-as-ghanas-cocoa-output-expected-to-plunge


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Coverage for this event has ended.
Amazon unit Twitch is updating its policy on gambling. The interactive livestreaming service said, beginning October 18, it will prohibit steaming of gambling sites that include slots, roulette, or dice games that aren’t licenses either in the U.S. or other jurisdictions that provide sufficient consumer protection.
The banned sites will include Stake.com, Rollbit.com, Duelbits.com and Roobet.com.
KB Home is lower in after-hours trading. The homebuilder missed Wall Street revenue and profit estimates.
Total revenues increased 26% to $1.84 billion. Five analysts surveyed by Zacks expected $1.86 billion.
Net income rose to $255.3 million from $150.1 million.
On a per-share basis, KB Home said it had profit of $2.86. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.69 per share.
Ending backlog value increased 9% to $5.26 billion.
Net orders of 2,040 and net order value of $979.0 million decreased 50% and 51%, respectively. On a year-over-year basis.
Gross orders decreased 30% to 3,137. The cancellation rate as a percentage of gross orders was 35%, compared to 9%.
The Associated Press contributed to this report.
Steelcase is down in extended trading. The maker of furniture and technology products missed the Wall Street revenue estimate but beat on profit.
Fiscal second quarter revenue rose 19% to $863.3 million. Wall Street was looking for $882.75 million.
Net income was $19.6 million, down from $24.7 million. Earnings per share for the three months ended August 26 were 17 cents, higher than the expectation of 13 cents.
At the end of the second quarter, the company’s backlog of customer orders was approximately $946 million, up 38% from the prior year. Consistent with recent quarters, the backlog includes a higher than historical percentage of orders scheduled to ship beyond the end of the next quarter, and supply chain disruptions are expected to continue.
The company expects to report earnings per share of between $0.08 to $0.12 for the third quarter of fiscal 2023 and adjusted earnings per share of between $0.17 to $0.21.
U.S. stocks ended a volatile session sharply lower as investors digested the likelihood of more interest rate hikes by the Federal Reserve. Bond yields continued to climb adding pressure to equities. Consumer discretionary stocks ranked as the worst performers, while staples fell the least. In commodities, oil fell 1% to $82.94 per barrel.
Home Depot may see its first unionized store in Philadelphia. Workers at a site in the northeast section of the city filed a petition seeking a union election.
The home improvement chain said it’s "aware" of the petition and "look[s] forward to talking to our associates about their concerns."
Gas prices snapped a streak, rising for the first time in nearly 100 days.
AAA data shows the average price for a regular gallon of gasoline rose by almost one penny to $3.681 per gallon from $3.674 after steadily falling every day since early June. Motorists paid $3.192 a year ago.
Premium gas prices increased to $4.434 from $4.427. A year ago, premium sold for $3.820.
Federal Reserve Chair Jerome Powell said he doesn’t know the likelihood of a recession, though there’s a strong indication of below trend growth that could lead to higher unemployment. Unemployment next year is projected at 4.4%.
“We have to get inflation behind us,” Powell said. “It would be nice if there was a way to wish it away, but there isn’t,” Powell said. He said the Fed needs to "complete that task” of bringing inflation under control, while acknowledging the central bank is hearing from people that inflation is causing pain.
He said Americans will feel pain until inflation comes down.
There’s an expectation that interest rates will rise another 1.25% by year end, though a “large group” within the Fed sees a 1% increase. On Wednesday, the Federal Open Market Committee raised the target range for the federal funds rate to 3% to 3.25%.
Powell said the Fed did not raise rates higher this week because inflation came in lower than expected in July but higher in August. "You can’t rely on one data point," he said.
The chair added the Fed’s inflation-fighting policy is having an effect on interest rate sensitive spending such as housing. However he said: "On shelter inflation you just have to assume it's going to remain pretty high for some time."
U.S. stocks bounced back from losses with the Nasdaq Composite leading the charge helped by Nvidia, Altair. Bond yields paired gains as Fed Chairman Powell takes questions on the economy, inflation and future rate hikes.
Federal Reserve Chair Jerome Powell said taming inflation will likely require a sustained period of below market growth.
During a press conference following a two-day meeting of the Fed’s policy making body that ended with the Fed raising interest rates by 75 basis points, Powell said his message has not changed since Jackson Hole.
“We think we’ll need to bring our funds rate to a restrictive level,” Powell said, citing only modest evidence that the labor market is cooling off. “There’s a ways to go.”
The labor market remains tight with job gains robust. “The labor market continues to be out of balance” with demand exceeding supply, the chair explained.
Powell said the central bank want to see “growth moving below trend” and clear evidence of inflation moving down towards 2%, adding a soft landing will be "very challenging".
The Federal Reserve hiked interest rates by 75 basis points, as expected. Policymakers additionally updated economic projections.
Sales of existing homes fell for a seventh month as prices rose. The National Association of Realtors said total existing-home sales fell 0.4% from July to a seasonally adjusted annual rate of 4.80 million in August.
Year-over-year, sales faded by 19.9%.The slide comes as the median existing-home price for all housing types jumped 7.7% year over year to $389,500.
Chemours Co cut its full-year forecast for adjusted earnings on Wednesday citing low demand and high input costs, sending its shares down 5% in premarket trade.
The chemicals company also said it will extend a scheduled outage of one of the production lines in its Titanium Technologies (TT) unit.
Chemours becomes the latest chemicals company grappling with soaring energy and raw material costs as well as slower-than-expected demand recovery in Europe and Asia.
Wilmington, Delaware-based Chemours said its weaker outlook was driven entirely by its TT unit.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is now expected to be between $1.40 billion and $1.45 billion, 7% below its prior guidance at midpoint.
Donald Trump, his adult children — Don Jr., Ivanka and Eric Trump — and two top financial officials of the Trump Organization are facing fraud changes in New York for allegedly inflating the former president's net worth to gain more favorable loan terms, better interest rates and federal conservation easement tax breaks.
"No one is above the law," New York attorney general Letitia James announced at a press conference.
James said the state has filed a complaint in New York state court in Manhattan.
The AG said the complaint demonstrates Trump inflated his net worth by billions of dollars to enrich himself, his adult children and the Trump Organization.
She wants an independent monitor to oversee finances of the Trump Organization along with penalties.
The AG also asks to replace the trustees of the Donald Trump Revocable Trust with independent trustees.
The attorney general claims Trump and his group manipulated assets to induce banks to lend money on more favorable terms than would be available to the company in violation of executive law.
"They violated several state criminal laws,” James said at a press conference. She added investigators also believe the group violated federal law and have referred potential violations to the U.S. Attorney for the Southern District of New York and the Internal Revenue Service.
The complaint seeks, among other remedies, to permanently bar Trump and his adult children from serving as an officer or director of any entity registered or licensed in New York and barring them from entering into an commercial real estate transaction for five years.
James claims Trump mispresented his finances, claiming cash on hand that he did not have and making more than 200 false or misleading asset valuations over 10 years.
Walmart plans to hire 73% fewer holiday workers this season than it did last year. The largest U.S. retailer plans to add 40,000 seasonal and full-time workers across the company before the holiday shopping season gets underway. Last September, the company said it would hire 150,000 workers for the holiday season.
General Mills raised its full-year forecast after beating quarterly profit estimates on Wednesday, as higher product prices did not quell demand for the Cheerios maker's snacks and cereals.
Packaged food makers have been steadily raising prices on everything from cereals to beef jerky as they look to insulate their margins from increased costs tied to labor, ingredients and transportation without drawing consumer ire.
With inflation nearing forty-year highs, the consumer preference for cooking more at home, which developed during the pandemic, has been hard to shake off as shoppers try to stretch their dollars amid soaring energy and food prices.
Third Bridge analyst Shoggi Ezeizat noted General Mills looks resilient against inflation pressures, adding "the group's wide range of products and spectrum of price points should provide sufficient options for its customers to trade down but not out of the General Mills range."
The Lucky Charms owner said it expects consumers to become more price sensitive over the next three quarters.
The company now expects organic net sales to rise between 6% and 7% in fiscal 2023. It had earlier forecast sales to grow 4% to 5%.The Betty Crocker cake mix maker also expects fiscal 2023 adjusted profit per share to rise 2% to 5% on constant currency basis, compared with prior forecast range of flat to 3%.
Coty rose more than 7% in Wednesday morning trading before giving back some gains. The luxury beauty products maker associated with Kylie Jenner plans to double skin care sales by fiscal 2025 with further acceleration in fiscal 2026 and beyond, the company said.
The owner of brands including COVERGIRL, Max Factor and Sally Hansen plans to focus on luxury brands.
In the near term, Coty is seeing stronger beauty demand, leading the company to raise its first quarter like-for-like sales growth outlook to +8-9%, from previous +6-8%, adjusting for the impact of the Russia exit.
The improved outlook is being fueled by both its Prestige and Consumer Beauty businesses, and across Europe, the Americas, and Global Travel Retail.
Amazon.com Inc said on Wednesday it would add 2.7 gigawatts of clean energy capacity through several new projects as it seeks to use 100% renewable energy across its business by 2025.Amazon's renewable energy projects would total 379 after the addition of the 71 new ones and it expects to generate 50,000 gigawatt hours (GWh) of clean energy from its entire portfolio, equivalent of powering 4.6 million U.S. homes each year.
The new projects include three large-scale plants in the Indian state of Rajasthan with a capacity of 420 megawatts (MW), rooftop solar projects in France and Austria, and its first solar farm in Poland.
Amazon-backed Infinium said on Tuesday it would provide the online retail giant with low-carbon electrofuels that would replace the diesel fuel used in the company's transportation fleet.
JPMorgan CEO Jamie Dimon and Bank of America CEO Brian Moynihan are among the leaders who will be on Capitol Hill today and tomorrow to take questions about the financial services industry.
U.S. stocks notched modest gains ahead of the Federal Reserve’s 2pm ET decision on interest rates, followed by Chairman Jerome Powell’s press conference which will be carried live by FOX Business. In commodities, oil ticked up by 1.6% to the $84 per barrel level.
People interested in buying a house and getting a mortgage played a version of beat the clock ahead of the anticipated interest rate increase coming from the Federal Reserve on Wednesday afternoon.
The Fed is expected to sharply raise its key short-term rate – a third straight three-quarter-point hike is likely to be announced – as its previous rate hikes are being felt by households across the economy.
Ahead of the Fed's move, overall demand for a mortgage application rose 3.8% compared with the prior week, according to the weekly survey from the Mortgage Banker's Association.
"As with the swings in rates and other uncertainties around the housing market and broader economy, mortgage applications increased for the first time in six weeks but remained well below last year’s levels, with purchase applications 30% lower and refinance activity down 83%," Joel Kan, MBA’s associate vice president of economic and industry forecasting. "The weekly gain in applications, despite higher rates, underscores the overall volatility right now as well as Labor Day-adjusted results the prior week."
The average price of a gallon of gasoline gained on Wednesday to to $3.681, according to AAA. Tuesday's price was $3.674.
Gas rose for the first time since hitting a high of $5.016 on June 14.
Diesel's price slipped to $4.928 per gallon.
U.S. equity futures traded between gains and losses Wednesday morning ahead of the latest decision on interest rates by the Federal Reserve.
The major futures indexes were searching for direction ahead of the opening bell.
Oil prices were steady Wednesday morning following the previous day's losses.
U.S. West Texas Intermediate crude was at $84.00 a barrel.
Brent crude futures traded around $90.00 a barrel.
The central bank is expected to raise interest rates in the afternoon following the latest policy meeting. It is expected to sharply raise its key short-term rate — a third straight three-quarter-point hike is likely to be announced – its previous rate hikes are being felt by households across the economy.
The Fed's latest move is expected to raise its benchmark rate to a range of 3% to 3.25%, the highest level in 14 years.
The rate on the 10-year Treasury was at 3.52% on Wednesday.
Also on the economic agenda, the National Association of Realtors is expected to say that sales of previously owned homes fell 2.3% in August to a seasonally adjusted annual rate of 4.70 million units.
In Asia, Japan's benchmark Nikkei 225 dipped 1.4%, Hong Kong's Hang Seng shed 1.8% and China's Shanghai Composite slipped 0.2%.
On Wall Street, the S&P 500 index fell 1.1% on Tuesday to 3,855.93, as more than 90% of stocks and every sector in the benchmark index lost ground. The Dow Jones Industrial Average lost 1% to 30,706.23. The Nasdaq composite also fell 1%, to 11,425.05.
The Federal Reserve is set to escalate its battle against inflation this week with another substantial interest rate hike, risking deeper economic "pain" for millions of households and businesses nationwide.
With inflation unexpectedly accelerating in August and the job market still growing at a healthy clip, the U.S. central bank is widely expected to approve another 75-basis-point rate hike at the conclusion of its two-day meeting on Wednesday. Some investors are even betting on a full-percentage point move as the Fed faces mounting pressure to tame demand and slow surging consumer prices.
Boeing announced on Tuesday that it plans to about 150 finance jobs in the United States.
The move is being done to simplify its corporate structure and focus more resources into manufacturing and product development.
The company will reduce staffing in its information technology and finance departments, Boeing said in an emailed statement to Reuters.
Boeing said it increased its workforce by about 10,000 employees earlier this year and ramped up hiring in its engineering and manufacturing departments to respond to the market demand.
Oil prices were higher Wednesday morning following the previous day's losses, ahead of another aggressive interest rate hike from the U.S. Federal Reserve.
U.S. West Texas Intermediate crude was at $86.00 a barrel.
Brent crude futures traded around $92.00 a barrel.
The Fed is widely expected to hike rates by 75 basis points for the third time in a row later on Wednesday in its drive to rein in inflation.
Other central banks, including the Bank of England, meet this week as well.
Higher rates have bolstered the dollar, which neared a two-decade high on Tuesday, making oil more expensive for holders of other currencies.
Bitcoin was trading at around $19,000, after trading lower in seven of the last nine sessions.
For the week, Bitcoin was trading more than 6% lower. For the month, the cryptocurrency is down by 6%. Bitcoin is down more than 59% year-to-date.
Ethereum was trading around $1,300, losing more than 16% in the past week.
Dogecoin was trading around 5 cents and is down 2% in the past week.
Current natural gas market conditions could signal pain for consumers this winter and sustained issues for years to come, according to energy economists interviewed by FOX Business.
The experts said the energy crisis in Europe, in part caused by Russia's invasion of Ukraine, will continue to hurt consumers in the U.S. through the winter as global natural gas and oil supplies are strained. They also noted that the green energy push heralded by the Biden administration and several state governments will further lead to decreased and more unreliable energy supplies, pushing future prices higher.
"The biggest problem is that the shortage in Europe is driving up prices, and prices are set globally," Diana Furchtgott-Roth, the director of the Heritage Foundation's Center for Energy, Climate and Environment, told FOX Business in an interview. "Because natural gas prices are higher globally, we are exporting more, and that's driving up prices here."
"At the same time, we are putting forward a number of policies that discourage our companies from producing," she continued. "Reasonable people might think that if there were a natural gas shortage in Europe, the United States would do as much as it can to increase production here."
The Federal Trade Commission has questions for Amazon concerning the company's acquisition of iRobot for $1.7 billion.
It is the latest deal by the e-commerce giant coming under scrutiny by regulators amid growing concerns about the company’s market power.
On Tuesday, iRobot said both it and Amazon received a request for additional information in connection with an FTC review of the merger, according to a regulatory filing.
Both Amazon and iRobot said they would cooperate with the FTC’s review, which delays the completion of a deal.
The iRobot company is known for its popular Roomba vacuum cleaners.
Earlier this month, a group of some 20 pro-privacy and worker organizations, including Public Citizen and Fight for the Future, urged U.S. antitrust enforcers to stop the purchase.
For more on the story, click here: FTC looking into Amazon's $1.7B deal for iRobot
Live Coverage begins here


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|Photo credit: Olivia Bucks/The Oregonian|
January retail industry sales (excluding automobiles, gas stations and restaurants) increased 0.9 percent seasonally adjusted from December and 4 percent unadjusted year-over-year, according to the National Retail Federation.
“Thanks to a combination of unseasonably warm weather across much of the country and millions of shoppers with gift cards burning holes in their pockets, retailers are still riding the tailwinds of consumers’ spending power,” said Matthew Shay, NRF President and CEO. “As a traditionally slower sales month for the industry, it’s encouraging to see such sustained growth in consumer spending and sentiment.”
Meanwhile, January retail sales data, released by the U.S. Department of Commerce, showed total retail sales (which include non-general merchandise categories such as autos, gasoline stations and restaurants) increased 5.6 percent unadjusted year-over-year and 0.4 percent seasonally adjusted month-to-month.
Among the highlights of NRF data are:
• Sales in sporting goods, hobby, book and music stores increased 1.1 percent seasonally month-to-month and 3.5 percent unadjusted year-over-year.
• General merchandise stores’ sales increased 2 percent seasonally-adjusted over December and 4.7 percent unadjusted year-over-year.
• Sales at building material, garden equipment and supplies dealers increased 0.2 percent seasonally adjusted from the previous month and a strong 10.5 percent unadjusted year-over-year.
• Sales at furniture and home furnishing stores decreased 0.2 seasonally adjusted from December and increased 7.9 percent unadjusted year-over-year.
• Electronics and appliance stores’ sales increased 0.5 percent seasonally adjusted month-to-month and decreased 1.1 percent unadjusted year-over-year, and sales at clothing and clothing accessory stores’ sales were flat over the previous month and increased 3.4 percent unadjusted over last year.


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More at the Link"WARREN, Michigan — We don't want to shock anybody, but General Motors let us peer at a good-sized hunk of its new-product future today — and from what we saw, the taxpayers might still come out ahead on that let's-loan-GM-some-money deal."
"Easily the most titillating: the next-generation Chevy Malibu. GM designers are making no secret of borrowing from the 2010 Camaro, of all things, for the critical update of the popular — and already pretty good-looking — Chevy midsize sedan. The next-gen 'Bu has a great C-pillar area extremely reminiscent of the Camaro and even more direct is a reproduction of the Camaro's Chevrolet-signature four separate blocky taillights. There's a wider stance and the rear fenders bulge Camaro-style, too."
One of the guys I talked to on twitter (see OC, it's pretty great :lol who saw the 2012 Malibu in the flesh (and a new RWD compact Cadillac called the ATS :muhaha::drool::runaround said it's easily one of the best-looking Malibus since the '68.


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Mass. collects $9 million from sports betting wagers settled in March
Gaming regulators said more than $568 million in sports wagers were settled in March, when gamblers took on March Madness.
Where to buy UConn Huskies NCAA National Champions gear online
The UConn Huskies are the 2023 Men's Basketball National Champions after defeating San Diego State University 76-59 on Monday, April 3.
UConn vs. SDSU: Where to buy last minute tickets to the Men’s National Championship game
The UConn Huskies will take on the San Diego State University Aztecs on Monday, April 3 for the NCAA Men's National Championship game and fans can still snag last minute tickets to see the teams battle it out live.
Where to buy UConn, San Diego State University Men’s National Championship gear online
Fans can shop for UConn and San Diego State University gear online now ahead of the NCAA Men's National Championship game on Monday, April, 3.
How are sports betting lines made? FanDuel Data Science VP explains
A FanDuel representative explained how external factors such as weather, injuries and schedule impact betting lines people see on their phones.
Where to buy LSU NCAA Women’s Basketball Championship gear online
LSU fans can celebrate their team by shopping for 2023 NCAA Women's Championship game gear online now.
Massachusetts ranks top 3 in money wagers for Final Four. Who do bettors want to win?
After more than a month of legalized sports betting, Mass. already has some of the most money wagered on the Final Four. Here's who most Mass. bettors have winning.
Where to buy March Madness gear for South Carolina, Iowa, LSU and Virginia Tech
Fans can shop for South Carolina, Iowa, LSU and Virginia Tech March Madness gear online at Fanatics ahead of the Final Four games this weekend.
March Madness Final Four: Where to buy UConn, Miami, SDSU and FAU gear online
Fans can shop for Miami, UConn, San Diego State and Florida Atlantic gear online now ahead of the Final Four games this weekend.
Women’s Final Four: How to buy tickets to Caitlin Clark’s Iowa vs. South Carolina; LSU vs. Virginia Tech
The NCAA Women's Basketball Tournament will enter the Final Four round on Friday, March 31.
UConn vs. Miami: How to buy tickets to Final Four March Madness games in Texas
No. 4 UConn will face No. 5 Miami in the Final Four round of the NCAA Men's Basketball Tournament on Saturday in Houston, TX.
Where to buy tickets to SDSU vs. FAU Final Four game
San Diego State University will face off against Florida Atlantic University in the final four round of the 2023 Men's College Basketball tournament on Saturday.


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A demo of Pro Evolution Soccer 16 will be releasing in only a few short days, Konami has just announced.
Coming on August 13, the free PES 16 demo will hit PlayStation 4, PS3, Xbox One, and Xbox 360 — all of the consoles the full version of the soccer game will be going to when it releases on September 15. On top of that, Konami also revealed the final box art for the sports game, which can be seen below:
It was also reported that Flamengo and Corinthians, two Brazilian teams that were formerly FIFA exclusives, will now be exclusive to PES. Do you think you will download the PES 16 demo later this month?


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DataSchenk – Microsoft Training
DataSchenk Rocks Nationwide Microsoft Customer Satisfaction Survey Smyrna, TN, USA — August 22, 2007 — DataSchenk, Inc. has announced that its customers have boosted it into one of the highest-ranked organizations in the Microsoft Partner program in the U.S., according to an independent third-party customer satisfaction survey. DataSchenk achieved a Net Satisfaction Score of 199 out of a possible 200...


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Hanwha Techwin Invests $100M on New Production Facility in Vietnam
The global video surveillance manufacturer says the new facility will be dedicated to developing future security innovations.
TEANECK, N.J. – Hanwha Techwin is expanding its video surveillance manufacturing capacity by constructing a new 646,000-square-foot facility in Vietnam.
With existing production sites in South Korea and China, the new $100 million Vietnam facility – located about 20 miles northeast of Hanoi in the Bac Ninh province – will serve as a production base, increasing capacity for Hanwha’s security products, including cameras and recording devices.
After researching a number of viable locations for the new facility, the Bac Ninh province was chosen because of the optimal benefits it offers for the supply of parts, logistics and manpower, according to the company.
“This investment is a testimony to Hanwha’s dedication to the development and production of technology-focused security products worldwide,” says Soon Hong Ahn, president, Hanwha Techwin America. “This facility will enable us to further expand our production by an additional 8 million units a year, allowing us to achieve economies of scale and to maintain our global competitiveness for video security products and solutions.”
Construction of the Vietnam facility is expected to be completed in December, followed by production line set-up and test production in the first half of 2018. Mass production and full activation of the factory is expected to begin in the second half of 2018.
In January, the company announced plans to expand its U.S.-based headquarters, located on the fourth floor of the Glen Pointe Marriot in Teaneck, N.J., to accommodate recent growth and better serve its customers. The company said it would also install cameras on the roof overlooking the nearby highways to enable customers and installers who visit the facility to view and evaluate their performance in real-world situations.
FROM THE ARCHIVES: Samsung Techwin America Is Changing Its Name to Hanwha Techwin America
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Android Top Mobile Platform, Apple Top Manufacturer Says Report
According to a recent Millennial Media report based on its ad network, Google Android is still the number one mobile platform while Apple remains the number one smartphone manufacturer.
Samsung had a strong third quarter with all its Android phones in that allowed the Korean manufacturer to outnumber Apple’s phones (which are only three at the moment). Despite this, Apple remains the top smartphone maker according to the most recent Millennial Media report (second comes HTC and Samsung only third) while Android is still leading the mobile platform list with its steady 56% of ad impressions in October. Second comes Apple’s iOS with 28% percent and BlackBerry with its 13%.


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The following five businesses are set to open their doors in Plano later this year.
1. Chally Bridal & Prom is set to open on Aug. 11 in Plano, according to co-owner James Kang. The store in the Shops at Willow Bend, just outside of the Dillard’s, will sell wedding and prom dresses. The 40,000-square-foot space will also feature an event center, and will be the largest wedding salon in Texas, according to Kang. Kang and his wife, Ann, owned a bridal store in Missouri for 25 years before moving to Texas three years ago. Chally will host a grand opening event on Aug. 11, with dress designer Randy Fenoli in attendance. www.challybridalandprom.com
2. Bakery chain House of Bread plans to open a new location at 1941 Preston Road, Ste. A1012. The restaurant is expected to open later this summer, according to a spokesperson for the company. House of Bread serves a variety of handmade bread loaves and other baked goods, such as cinnamon rolls, muffins and croissants. The California-based chain has one Texas location at 7551 Eldorado Parkway, McKinney. 214-709-0739. www.houseofbread.com
3. Crunch Fitness is expected to open this fall, according to a news release from the company. Crunch Fitness, which will be located 1701 Preston Road, will offer group fitness classes, cardio and strength training equipment, tanning beds, a sauna and more. Prospective members can visit the website to reserve memberships at discounted rates prior to the gym's opening. 214-910-1660. www.crunchplano.com
4. Health-focused restaurant Flower Child is opening a location in Plano. The restaurant is expected to open later this year at 2101 Preston Road, Ste. A, according to a news release from the company. Flower Child is known for its salads, bowls, wraps and hippie-inspired aesthetic. The Plano restaurant will be the sixth North Texas location for the chain. www.iamaflowerchild.com
5. A new Dunkin’ restaurant is coming soon to south Plano. The restaurant will be located at 3801 W. President George Bush Turnpike and is estimated to open in late fall, according to a spokesperson for the company. The chain is known for its donuts, coffee and other beverages. This will be the third Dunkin’ location in Plano. www.dunkindonuts.com


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Google’s Product Manager for Google Photos, Zachary Senzer, announced on the Google Blog yesterday that the company would add additional capabilities to their photo/video editing platforms. In the announcement, Google added additional capabilities to the Video editor and improved the value of Google One membership with previously Pixel exclusive features.
Improved video editing capabilities
In the newly changed video editor, Google stated you can “…crop, change perspective, add filters, apply granular edits (including brightness, contrast, saturation and warmth) and more.” These capabilities have been long-awaited. Now with the changes to the software, Google now has about 30 different capabilities for video editing native to the app.
Enhanced editing features for Google One
Google’s monthly subscription service is getting better value now to both Pixel and non-Pixel owners. In their post, the company stated that they were rolling out modes like “Portrait Blur” along with “Portrait Light” in the update and would provide additional “machine learning capabilities” like Dynamic and Sky suggestions shortly.
Updates to come
The company in their post was quick to point out that these capabilities were only immediately available on the iOS version of the app and weren’t quite ready for their debut on Android devices yet. We’ll wait and see if/what capabilities actually make their way to our hands when the updates roll out.
Users who want to want to jump and get the features immediately can subscribe to a Google One membership on either a monthly or annual basis. If you have a Google Pixel device, these additional capabilities will continue to be included for no cost according to the company.


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California walnuts ride marketing momentum in India
In their first year on the Indian market, California walnuts premiered with modest volume and high prices. Importers remain reassured, however, that the Californian product holds promise in the south Asian nation.
In recent years, California has built up a strong reputation in India for other dried fruits such as pistachios and almonds, thanks in large part to dedicated marketing.
The state's consistent promotional activity has already sold importers on California walnuts and their potential for similar sales success, according to Fresco Fruits N Nuts managing director Manish Sharma.
"California walnuts were very new and the prices were very high. This year there was not much volume but things are going to fall in place when the market is good," he told www.freshfruitportal.com from his home in New Delhi.
Sharma has high hopes, he said, because he has seen the effort put in by the California Walnut Commission to build relationships with Indian buyers. When prices fall, he said he will be ready to buy California walnuts because he has already built ties with the industry.
"The California Walnut Board had a good meeting with importers. People went to the supermarkets and other markets to understand the feeling and how everything is happening. It was very clearly officiated by the exporters," he said.
Sharma pointed to almond and pistachio marketing as evidence of walnuts' potential.
"[For almonds] there is continuous demand because of the promotions being done in local television and newspapers by the California Almond Board. That is giving them an advantage. Importers see they are getting support from the board. That is how the market is picking up," he said.
"And California pistachios started in 2008 and today they are the market leader. They have almost kicked out Iranian pistachios. 90% is California pistachios."
California has gone above and beyond its competitors in terms of marketing, according to Sharma. He has witnessed no other exporter put in the consistent legwork he has seen from the U.S. state.
"They are making continuous efforts. That is something that is making the product popular in India and now people see, these are California grapes, these are California pears, these are Washington apples, these are California almonds. Unless you do that, it’s not going to work," he said.
"As an importer, I am only going to import a product when I have a market to sell it. The market is something I cannot create individually. You guys have to come and talk to importers."


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Netflix (NFLX) , the only media streaming service with a global presence, could prove to be a multibagger as it continues to disrupt traditional forms of viewing and distribution of television content.
Yet the stock, which is up about 7% year to date, also presents certain challenges for investors. Investors should be prepared for a bumpy ride, but those who can wait out the company's growing original content business and growth challenges in some overseas markets may see a huge, long-term upside.
Netflix shares were roughly flat in Thursday trading.
Netflix shares have seemed especially sensitive to big announcements and events. For instance, last month, the stock rose about 20% in the hours after announcing that it blasted past growth estimates for the third quarter. This contrasted with mid-July, when Netflix fell about 13% after reporting second quarter numbers that missed Wall Street expectations.
U.S. Markets Saturation
Netflix initially grew by starting in the DVD by mail business, then launched streaming media and has now made a successful entry into the film and television industry by acquiring and developing original content. Its success in creating entertainment has enabled it to snatch up customers.
However, Netflix (or rather the American market) is seemingly reaching a point of saturation. Its core demographic, of affluent, young-to-middle-aged Americans, is a niche segment. Plus, Amazon Video, Alphabet-owned YouTube, Hulu, Crackle and Mindshare are vying for the same customers.
The slowdown in the U.S. has meant that Netflix has had to turbocharge its international expansion. So far, it's doing great. Even without China, Netflix added 3.2 million subscribers internationally last quarter. Wall Street was looking at a number that was a little more than 2 million. As long Netflix beats its own guidance and the Street's expectations on the global subscriber addition front, investors will bid up the shares.
Looking toward the fourth quarter, Netflix has said it expects to add 3.75 million subscribers internationally. China has been a tough market to crack due to the severe regulatory environment. To wit, Walt Disney's Chinese streaming service, launched in conjunction with Alibaba, had to be closed down. Apple's movie offering faced the same fate.
Uncertainty About Regional Content
As Netflix tries to provide content offline in some global regions similar to Amazon Prime Instant Video or YouTube, its expansive, expensive global strategy means that it has to produce tons of content that can engage viewers on a regional level. American stars and shows may get eyeballs in the U.S., but will they have the same pull in Asia? Netflix wants to become a worldwide TV network, but it can't do that without entertaining viewers equally in different regions.
Netflix is reportedly spending $6 billion a year to boost its original content from 600 to 1,000 hours. But this commitment will come with enormous costs, not only for production but in marketing. If it is unable to produce high-quality fare, or more importantly, to draw enough viewers, it will have to answer to skeptical analysts and impatient investors.
The upshot: If you're not risk averse, buy Netflix and hang onto the stock during its inevitable ups and downs. It's on a long-term upward trajectory, but you may need to be patient.
If you're looking for other growth opportunities, we've found a genius trader who turned $50,000 into $5 million by using his proprietary trading method. For a limited time, he's guaranteeing you $67,548 per year in profitable trades if you follow his simple step-by-step process. Click here now for details.


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Soccer News: MiCoach App Coming To Android For The First Time
adidas miCoach has announced that the miCoach SMART BALL app will be coming to android phones for the first time. The new version of the app will come with a host of new features to further enrich the award winning SMART BALL experience.
Launched in 2014, the adidas miCoach SMART BALL is one of the most innovative training aids in the wearable tech space. At CES 2015, the SMART BALL was recognized as a ‘Best of Innovation’ honoree in the Fitness Sports & Biotech product category. Now for the first time, Android phone users will have access to the SMART BALL app, to get the most out of this innovative product.
Compatable with the existing SMART BALL hardware, the new application will come with a host of new features in time for the Android launch including:
• A ‘Personal Bests’ feature that tracks the best kicks for each foot and a new ‘Top Ten’, tracking various kick attributes.
• The introduction of ‘Recent Kicks’ that tracks the last 500 kicks in reverse chronological order.
• A ‘Kick Counter’ that tracks the number of kicks made by a user over a day/week/month/season/lifetime period.
• The addition of ‘Kick Sharing’ to allow users to share their kick results.
“We are delighted to bring the SMART BALL to the Android platform” said Stacey Burr, General Manager, adidas Digital Sports. “The SMART BALL has been recognized as a hugely effective training tool, and it’s great that Android users will now be able to experience it as well. We continue to strive to improve all the features of our product ecosystem, and the latest additions to the SMART BALL app are a great example of how we continue to adapt and develop the features that our customers need in order to reach their training goals.”
The new miCoach SMART BALL app for Android will be available to download May 15, 2015. The new features will be added to the IOS version in an update scheduled for the summer.


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"not even include Katrina affects...that's on top of Books a million warning, Barnes and Noble and Borders disappointing too."That's all good news for AMZN, and AMZN will shoot up today, too, right?
no worries.Calm down people. AMZN can't drop from here.BUY more at the open. I'm buying more to average down.
<<That's all good news for AMZN, and AMZN will shoot up today, too, right?>>I just reported facts...how investors react is unknown. But yesterday, AMZN seemed to trade with Ebay and Best Buy. If that continues, it could be a problem for longs.


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Purchase of new production machinery gives MARETO an international advantage
An innovative new production line for plastic tubes and closures has increased the efficiency of plastic production and optimised the workflow. The company in Parndorf, eastern Austria, benefits from high customer satisfaction thanks to technological development.
" The project ‘Purchase of a concatenated plastic tubes production line and development of a closure production’ was implemented to fullest satisfaction. The ERDF support contributed crucially to a timely implementation and the company’s business targets were reached as planned. Especially thanks to the new technologies and the independence that was created, customer confidence was created sustainably. "
The fully automated production line boasts state-of-the-art technology, including printing machines, a camera surveillance system, and a packaging system. Thanks to this technological advantage, MARETO has been able to diversify their production, increase efficiency, and optimise the production line workflow, and thereby gain an edge over their international competitors. In addition, dependency on suppliers has been reduced, and customer relations improved.
Global production benefits the local population
MARETO Kunststoffverarbeitung GmbH, a daughter company of the TUPACK group specialised in packaging, is located in Parndorf in the Austrian region of Burgenland. It produces lipcare sticks and plastic tubes for international customers, including global big names such as Beiersdorf, Estee Lauder, Johnson & Johnson, or L’Oréal.
Even though most of MARETO’s plastic production is intended for the export, the local population benefits from the new production facilities. MARETO now employs 605 people, up from 416 in 2010. The ERDF-supported purchase of new production machinery has contributed to securing these jobs. In addition, local companies now have more possibilities of contributing to new projects.
The project thus not only contributes to the operational programme’s goals of strengthening the competitiveness of regional businesses through investments in innovation and technological development, but also supports an important regional employer.
Total investment and EU funding
Total investment for the project “Anschaffung von einer verketteten Kunststofftubenproduktionslinie und Aufbau einer Verschlussproduktion” (Purchase of a concatenated plastic tubes production line and development of a closure production) is EUR 17 237 000 with the EU’s European Regional Development Fund (ERDF) contributing EUR 2 550 000 through the “Burgenland” operational programme for the 2007-2013 programming period.
Operational programmeOperational Programme 'Burgenland'
Project duration05/2010 - 08/2013
Total InvestmentEUR 17 237 000
EU InvestmentEUR 2 550 000
A -7111 , Parndorf
Tel. +43 664807601345
Fax +43 17673940345
A -7000 , Eisenstadt
Patricia , Feucht
Tel. +43 26827042445
Fax +43 26827042410


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Gaming Realms has announced a new content-based link-up with online gaming operator Kindred Group that is to see the launch of its Slingo Originals portfolio.
The developer and licensor of mobile focused real money games has debuted Slingo content across all 11 Kindred brands, including 32Red, Unibet, Maria Casino and Bingo.com, which serve 25 million customers worldwide.
“We are extremely pleased to be partnering with Kindred and expanding the reach of our content through its great portfolio of brands, which have an extensive following worldwide,” noted Patrick Southon, chief executive of Gaming Realms.
“This partnership will enable us to continue to expand not only our audience reach but also our global footprint, further strengthening the Slingo brand in the UK and Scandinavian markets.”
Slingo titles, including what it states are “hugely popular” Slingo Rainbow Riches, Slingo Extreme and Slingo XXXtreme, will be distributed globally through the company’s aggregation partner Relax Gaming, and will come under Kindred specific operator terms included in the Relax contract.
David Robertson, head of casino, Kindred Group, commented: “At Kindred we are committed and focused on innovation and bringing engaging and entertaining games to our customers worldwide in a secure and sustainable environment.
“Our partnership with Gaming Realms, who share our vision of innovation, will see us launch the hugely popular Slingo games across our platforms, allowing us to stand by our commitment to consistently offer our customers new and exciting content.”
Last month Gaming Realms posted an 18 per cent revenue rise in its interim results for the six months ended June 20, 2019, thanks to the firm’s licensing strategy.
Following the change of strategy after the £11.5m sale of UK real money operating subsidiary Bear Group to River iGaming, the firm reported a 168 per cent year-on-year increase for revenue from licensing for H1 from £600,000 to £1.6m.


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Tokyo Motor Show
The company is planning to introduce hybrid version of its new generation of Jazz hatchback and City sedan post 2020.
A total of 153 companies and organizations from 10 countries will be represented in this comprehensive show
Toyota Motor Corp. manager Makoto Okabe told reporters Monday that the use of artificial intelligence means cars may get to know drivers as human beings by analyzing their facial expressions, driving habits and social media use.
This is not the first time when the Japanese bikemaker is introducing a four-wheeler concept as the 2015 edition of the motor show already witnessed a similar kind of concept by Yamaha.
Suzuki, as the brand celebrating its 100th anniversary in 2020, will introduce initiatives in development of products and technologies for ongoing success in the next 100 years
The e-Evolution concept blends Mitsubishi Motors’ signature 4WD electric drivetrain know-how with advanced artificial intelligence technology under a low-slung, highly-aerodynamic SUV Coupé shape.


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If you are willing to buy a new premium smartphone under Rs 40,000 this festive season, here are a couple of good options to consider.
Updated : September 12, 2019, 8:49 am
Apple on September launched the iPhone XR successor, the iPhone 11, at a special event at the Steve Jobs Theatre. The iPhone 11 features a more advanced processor and a better camera system compared with the iPhone XR.
Updated : September 11, 2019, 4:25 pm
Announced in May this year, the ThinkPad X1 with foldable screen will be available for purchase next year, and according Lenovo design guru Brian Leonard it has potential to change the way people use and perceive personal computers.
Updated : September 11, 2019, 12:21 pm
Apple had a busy iPhone 11 launch event where it not only announced its newest iPhone 11 and 11 Pro phones, but also a new iPad, Apple Watch and prices of its subscription services, all of which are coming to India soon.
Updated : September 11, 2019, 11:56 am
Vivo is soon going to introduce a brand new series in India called the U-series. The phone is going to be the Vivo U10. Ahead of the launch, the Vivo U10 will get listed on Amazon India website.
Updated : September 11, 2019, 9:29 am
The LG W30 is a decent phone, particularly if you want an impressive camera in a budget phone.
Updated : September 10, 2019, 8:44 pm
Motorola is launching the Moto E6s in India for the sub-Rs 10,000 category. The Moto E6s is essentially a rebranded Motorola E6 Plus launched globally last week.
Updated : September 10, 2019, 7:13 pm
Motorola is teasing the E6 Plus for India with 64GB storage as standard. The E6 Plus is expected to start in India under Rs 10,000 with a MediaTek chipset.
Updated : September 10, 2019, 12:02 pm
Redmi seemingly has already started working on the Redmi 8 and the Redmi 8A. Both the Redmi 8A and the Redmi 8 now get certified by Thailand's NBT website. This hints launch is imminent.
Updated : September 10, 2019, 10:54 am
Vivo is bringing a new U-series to India. The first smartphone launching under the U-series is the Vivo U10. The Vivo U10 will be available on Amazon after the launch.
Updated : September 10, 2019, 9:21 am
Google is expected to launch three colour variants of Pixel 4 smartphones this year. Apart from white and black, Google is also likely to launch a coral coloured variant of the device.
Updated : September 10, 2019, 8:43 am
Rajinikanth and Akshay Kumar's sci-fi thriller flick, 2.0, released yesterday (September 6) in China and is setting the cash registers ringing.
Updated : September 7, 2019, 12:01 pm
Vivo Z1X launches in India with a starting price of Rs 16,990. The smartphone goes on sale for the first time on September 13. Should you buy it or go for the cheaper Vivo Z1 Pro instead? Find out.
Updated : September 7, 2019, 11:20 am
LG Electronics has launched a new G-series smartphone at IFA 2019. The LG G8X ThinQ is the successor to the LG G8 ThinQ that was launched at MWC 2019.
Updated : September 6, 2019, 11:54 am
Rajinikanth and Akshay Kumar's sci-fi thriller 2.0 finally sees the light of the day in China. The film released in about 48,000 screens in the country today (September 6).
Updated : September 6, 2019, 11:40 am


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thanksgiving offers 2015
Apple to Slash employee In the and most drastic plan to reverse its flagging accomplishments, Apple Computer said some time ago it will lay off 4,100 workers the largest cutback in its 21 year history and just about the most ever in Silicon Valley.
The huge reduction derives from about a third of Apple's 13,400 employees internationally. The cuts swing 2,700 business employees(By means of 11,000) And an extra 1,400 tiny-Run and contract people(As as the result of 2,400). Not a chance. 4 maker of computers hopes the move will shave $500 million in annual expenses and return the company to success amid mounting losses, Eroding share of the current market and executive defections. Some analysts say Cupertino based Apple could lose up to $800 million in the present day quarter, Which would bring losses in the past year to more than $1.5 billion amounts of money. "This definitely painful process, But I'm absolutely convinced that these changes will put us back relative to health, Apple chief executive Gil Amelio said in a business call with reporters and analysts after stock market trading closed. The layoffs are part of a second major reorganization since Amelio took over as CEO 13 months ago. This provider laid off 1,500 persons yr after, After coverage a $740 million quarterly loss in April. Every bit of divulged, After todays cuts are made, Apple will demand pared 5,600 jobs thanks to Amelio's time at the helm. Amelio bristled when asked if he may step down. "Why would i must step aside when we're on the cusp of twisting this thing around, He was quoted saying. "I've worked very difficult the past year to(Product Apple's) Setbacks, He said an additional needs another year to spotlight its new plan and execute the best black friday sales it. Apple officials declined to resolve when laid off employees will be notified, Where the cuts will come from and the degree of layoffs in the Bay Area. Operations and that numerous will be from constructing, Promotion research and emergence. Employees within Apple said they were told have them get word of their fate by the end of the month. Not to mention slashing the workforce, Apple said it plans to simplify its offerings of Macintosh computers and PowerBook laptops by cutting models like the entire oriented Performa brand. Past experiences, Company did not say key stop making its Newton handheld computer, As were once rumored. Apple also said it will cut costs by striking up business model or licensing deals. About the only projects safe from potential cuts are high end Power Macs and its next epoch os in this handset, Code labeled Rhapsody, That will run common functions of all future Macs. It is due to ship straight away where we'll. Chief Financial Officer said the enormous restructuring will cost consortium about $250 million, Mainly $155 million in charges because of its second quarter, And end March 28. He said Apple will report business revenues of $1.6 million that will $1.7 billion the suitable quarter down about 24 percent from the $2.18 billion it reported a year ago but that the particular organization expects a return to earnings in the fall. Anderson said the is in a quiet period completed end of the quarter and would not comment on results. Industry observers say that as well as cutting costs, Apple must reinvigorate its profit if it hopes to outlive. black friday on sale Their share of black friday shoes the PC market has dwindled steadily to about 5 percent. "I don't think layoffs are typically the answer; Plants retreat in their market niche of high end graphics, Desktop publishing and Mac loyalists, Believed, Leader of, A recovery authority firm in Cupertino. "The particular organization can survive, But simply with a receeded marketing scope, "Amelio is clearly on the defensive regarded as, Sent a reply, An analyst at in sf. "He has to lay out a program that articulates how efficiency will sustain profits and resurrect credibility with its developers, Sites and local stores, Employees have awaited Black Friday with a wide variety of anxiety, Resignation and misery. "Not a whole lot of work has been accomplished the last few weeks, One worker said. "It's circumstances of limbo, Hordes of other manufacture personnel, But take note, friday ad 2015 Haven't stuck around to discover more regarding their job status. That's because they're being poached by employers in the thriving Silicon Valley market. "This manufacturer is hot free agents, Outlined, Leader of in San Jose. "Companies are salivating to build up Apple people. They're hiking salaries and bonuses so it will be, He said some personnel are opting to stay for them to collect a generous severance package and then look for a new job.
Couples, Apple's great day looms April 1. June 5: Apple's renowned chief consumer banking officer, Transmit his resignation. May 18: Apple over the air a 48 percent drop in profits to $60 million, Suffering wherewithal to meet demand and the pricing pressure of competitors.
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It has been assumed for several quarters that as McDonald's (NYSE: MCD) adds high-end coffee, Starbucks (NASDAQ: SBUX) might suffer. But, an analysis by Bloomberg shows that the coffee chain may be in for some very rough times. One money manager, speaking about McDonald's, told the news service, "They're a lot cheaper than Starbucks coffee in general, and they have the high quality to go with it.''
McDonald's says that it offers lattes, cappuccinos and iced brews in 9,000 U.S. restaurants. McDonald's coffee also tastes pretty good. Bloomberg reports that in March, a Consumer Reports taste test of basic black coffee found McDonald's stronger blend beat Starbucks, Burger King Holdings Inc. (NYSE: BKC) and Dunkin' Donuts Inc.
In June, rising sales of McDonald's coffee prompted Deutsche Bank Securities Inc. analyst Marc Greenberg to reduce his Starbucks stock-target price by 14 percent to $32. "The golden arches are doing coffee better,'' Greenberg wrote in an investors' note. He rates Starbucks as a "hold.''
The more Wall Street looks at the situation, the more it sees Starbucks in a bind. McDonald's has more locations and a lower price point for premium coffee. The value of Starbucks shares are based almost entirely on same-store growth and its goal to eventually have 40,000 stores worldwide.
None of that is working out for it.
Douglas A. McIntyre is a partner at 24/7 Wall St.


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An inventor from Yorkshire in the UK has made a breakthrough in a 500-year-old technology that one of the worlds biggest automotive components makers thinks could lead to greener motoring by significantly cutting the weight and carbon dioxide emissions of cars.
Simon Spinks, managing director and part owner of Harrison Spinks, a Leeds-based mattress maker, has teamed up with US-based Johnson Controls, the worlds biggest producer of car seats, which is evaluating his invention: a new kind of miniature coiled spring.
Johnson Controls, which is also among the top 10 makers of car parts by sales, believes the new spring could revolutionise the production of car seats, construction of which has barely changed for half a century. Not only could the springs cut the weight of cars and lead to lower carbon dioxide emissions by reducing fuel consumption, but they could also make car seats easier to recycle by replacing the large amounts of polyurethane foam currently used in the products. Springs are made from lengths of steel wire, which is relatively easy to recycle.
Paul Elliott, vice-president for global product development at Johnson Controls, said Mr Spinkss new springs were a great innovation that had the potential to change completely the way car seat makers created their active seating surface. We are very excited by what the new springs have to offer, Mr Elliott said.
With expected revenues in 2011 of about $40bn, Mr Elliotts company is about 1,000 times bigger in sales than the family-owned Harrison Spinks.
Coiled springs were devised by European watch- makers in the 15th century to make their timepieces more accurate. Mr Spinkss new springs are as little as 10mm in height but made in such a way that large numbers of them arranged horizontally absorb weight evenly - so providing the possibility of creating comfortable seats and similar structures. Harrison Spinks uses the springs in its own mattresses - to supplement rows of much bigger springs of the type used by many other mattress makers - and has set up a new division to manufacture them in high volumes.
Because the springs could reduce the weight of seats by up to 20 per cent and also make them thinner, the volume and mass of the average car could be reduced by a small but significant amount, according to Johnson Controls. Johnson is expected to make more than one-quarter of the 250m car seats likely to be produced in 2012.
Anthony Joyce, head of the European division of Leggett & Platt, a US company that is the worlds biggest maker of mattress springs, said of Mr Spinks: He is a very creative person whos got a great aptitude for coming up with new ideas.
The Financial Times Limited 2011


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Entatech has revealed that Microsoft will be headline partner for the EntaLive roadshow, taking place throughout 2012.
Entatech will be travelling across the UK to host four different events, providing all attendees with exclusive information, previews and demonstrations of the latest innovations due to take the technology market by storm.
At the events Microsoft will provide an overview of its key launches, and give a demonstration of the products, their benefits and the opportunities they present for IT resellers.
Entatech vice president, Jon Atherton, commented: “We’re delighted that Microsoft is headline partner for these events. We are excited about the possibilities and the new opportunities that Microsoft’s new wave of products create for the IT industry and our customers. These EntaLive events will present the perfect opportunity for our customers to meet Microsoft to get more information on the product benefits.”
In addition, many of key vendors are partnering with Entatech for the events and will be showcasing their new and existing product range. Vendors will include Fujitsu, Intel, Kaspersky, Wasp, Digium, Swann and Madcatz.
All the venues have been carefully selected to enhance the attendee’s experience and allow the event to be enjoyed in an informal and enlightening atmosphere. They take place between 9am -2pm at the following venues:
• 25 October 2012 – Bristol Zoo
• 1 November 2012 – Newcastle United Football Stadium
• 6 November 2012 – National Space Centre, Leicester
• 13 November 2012 – Leeds Alea Casino
These events are open to current and prospective b2b IT resellers. Register for free at Entaonline.com/live.
Want to receive up-to-the-minute tech news straight to your inbox? Then click here to sign up for the completely free PCR Daily Digest and Newsflash email services. You can also follow PCR on Twitter and Facebook.


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OLX rejects Competition Tribunal’s ruling on takeover of WeBuyCars
The disappointed company says it disagrees with decision and will consider its options
OLX, a classifieds business unit of Naspers, disagrees with the competition authorities’ decision to block its bid to buy online vehicle group WeBuyCars amid concern that it could have led to higher used-car prices in SA.
A unit of Naspers, which owns the AutoTrader platform and OLX, intended to buy 60% of WeBuyCars. Naspers announced the deal in September 2018, saying it would invest R1.4bn in the company...


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It's been widely rumored that Apple is working on bringing a streaming radio service much like Pandora or Spotify offer. While these rumors have been mostly rampant speculation, a report has surfaced that suggest iRadio is being delayed over its skipping songs policy. As most know, Pandora will only allow six skips per hour due to its license.
Rumors suggested that Apple would unveil iRadio at this year's WWDC, but if reports that negotiations with Sony Music are stalling, the release could be delayed. According to CNet, the major issue stems from partial playing. Specifically, just how much will Apple pay for a song that is played partially before being skipped?
Sony and Apple declined to comment. Apple and Sony still have a few weeks to finish the deal before WWDC, so we'll see if iRadio ends up launching at WWDC--or at all.
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Tesla CEO Elon Musk told the world Friday that Apple has been hiring people fired from Tesla, that Apple is jokingly known as the Tesla Graveyard. That's not the story I've been hearing for some time from my sources. My understanding is that many people have been leaving Tesla to go to a variety of other companies, and not just to Apple.
Elon Musk and Tim Cook Taking a Ride in TMO's Rendering of an Apple Car
"Important engineers?" Mr. Musk told Handlesblatt when asked about Apple poaching employees from Tesla. "They have hired people we've fired. We always jokingly call Apple the 'Tesla Graveyard.' If you don't make it at Tesla, you go work at Apple. I'm not kidding."
"That's total BS," is how one source with intimate familiarity of the situation put it when I asked about Mr. Musk's comment.
Which isn't to say that Tesla hasn't fired anyone and that some of those people have then been hired by Apple and/or other Silicon Valley firms. I don't know one way or another if that scenario has played out, but I'd be shocked if it weren't true in some capacity. Silicon Valley is extraordinarily competitive at the moment, and it's a worker-dominated market.
But the idea that Apple has been relegated to picking up Tesla's rejects flies in the face of everything I've been tracking on the Apple Car story. What I've been told is that Apple has been aggressively recruiting with a rigorous hiring process, and that the company has found a receptive audience in some corners of Tesla.
If I was the nit-picking sort, I'm pretty sure that would make Apple the 'Tesla Heaven,' not the 'Tesla Graveyard.'
Keep that in perspective, though. Tesla has also successfully poached from Apple—the reality is that every company has unhappy employees, and that includes Apple and Tesla. Look hard enough and you'll find someone with something to complain about everywhere.
With that in mind, I am in no way trying to paint Tesla as a company in trouble just because I know people who are or were unhappy there. I am, however, saying that Elon Musk's claims don't jive with my understanding of what is happening at Apple.


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Paris recently announced that it would ban cars built before 1997, but it has now conceded that historic vehicles should be exempt from the ban.
Parisian classic car owners can now breathe a slight sigh of relief, with news of an exemption to the old car ban set to come into force on 1 July. An exemption to the ban will allow classic vehicles older than 30 years registered with a special 'Carte Grise de Collection', to be used in the city.
It’s thanks to campaigning by the Fédération Française des Véhicules d’Epoque, working close with FIVA, that the classic exemption has been brought in. The official reasoning behind the ban is to cut the number of older diesel cars from driving in the city, and this ban is said to affect ten per cent of all cars in the centre of Paris.
The recently announced restrictions – effectively banning cars built before 1997 from the French capital between 8am to 8pm Monday-Friday – are set to get much stricter in the next four years. The ultimate goal by 2020 is to remove a significant number of polluting cars, with the ban extending to vehicles built before 2011.
These low emission zones are not a new thing, with Berlin having imposed a similar ban more than five years ago, with similar bans on the cards for many UK cities including London.
While the classic car exemption is welcomed, it doesn’t address all of the issues. For example, enthusiasts with more modern ‘youngtimer’ classics are not exempt from the ban – regardless of usage.
It’s thought that this particular ban could give rise to a new car scrappage scheme in France, boosting the country’s new car sales – with the government offering huge incentives to buyers of electric cars.


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Eugene Craig III, a Maryland Republican, filed Monday with the FEC for an organization called "Ready for Kanye."» Read More
TransUnion, one of the largest credit bureaus in the United States, filed with U.S. regulators on Tuesday for an initial public offering of stock.
Tax collections from individual Americans last year reached their highest share of the U.S. economy in seven years.
Hedge fund mogul William Ackman said on Monday that shutting down Herbalife is "one of the most important things" he can do.
Here's why the "debt strike" sentiment is catching on.
When we asked people how much they save. the answer was surprising.
U.S. small businesses took out fewer loans last month but borrowing was up from a year ago as firms ramped up investments in their operations.
Gogobot is the latest in a procession of technology companies to protest the bill.
As Congress tries to reduce the deficit, some tax breaks may be on the chopping block.
A national pharmacists' group has adopted a policy discouraging its members from providing death-penalty drugs.
Real-time video apps have gained traction, but social media streams likely will have little effect on sports broadcasting.
Madonna, Rihanna, Beyonce and Jay Z are among the A-List musicians who are co-owners of Tidal, a new streaming service.
A growing number of companies are protesting a new law in Indiana critics say could allow discrimination against LGBT citizens. Re/code reports.
A furor erupted over an Indiana law that some say could allow businesses to refuse service to gay people, NBC reports.
The agonizing Fed interest rate guessing game is turning a long-held investment phenomenon on its head, Citi's Tobias Levkovich tells CNBC.
Signed contracts to buy existing homes rose 3.1 percent from January, according to the National Association of Realtors.
Fast food giant McDonald's is making an early step toward extending breakfast hours to all-day long.
Consumer spending barely rose in February as households boosted savings to their highest level in more than two years.
Comedy Central will announce that Trevor Noah has been chosen as the new host of "The Daily Show."
While corporate bonds may not look terribly attractive amid rising rate expectations, Goldman tips a good performance – but only in the short term.
The U.S. Supreme Court on Monday declined to hear a new challenge to the Obamacare law that took aim at the so-called death panel.
Get the best of CNBC in your inbox
Markus Persson bemoaned the loneliness, isolation and lack of motivation that large wealth can create.
A report released on Monday by the Airports Council International lists the busiest airports in the world in 2014.
While athletic shoes remain popular, so-called fashion footwear is gaining traction, with a kick from the once-lowly sneaker.
Cisco and Apple announce they will partnering to up device sales to corporate clients. With CNBC's Josh Lipton.
CNBC's Eric Chemi shares a buy and hold lesson.
CNBC's Jackie DeAngelis reports on the big swing in oil prices today.


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Caprice Bourret, CEO & Founder of By Caprice Products, has licenced out her brand to Sadaqat, one of the world’s leading textiles suppliers and enterprises, dubbed the ‘Victoria Secrets’ of the bedding world.
The announcement sees manufacturing for the By Caprice bedding collections move to Sadaqat’s Head Quarters in Pakistan to join a host of household names, including Disney Europe.
By Caprice Home has seen massive growth since its launch only three years ago and has become recognised for its glamour, design, originality and high quality. The move is an integral part of the company’s expansion plans to launch in multiple global territories as well as developing the core product range.
With offices in Manchester UK, New York USA and Australia (where they trade as Sleepworld) Sadaqat is a highly regarded manufacturer and exporter of home textiles with decades of experience, and this landmark move sees Sadaqat venture into a branded range, for the first ever time.
Sadaqat is a £900,000,000.00 global enterprise that started off as a family weaving business, before becoming incorporated in 1987.
Caprice said: “I am beyond excited to share that we have signed a deal with Sadaqat, who is a global player in the home world. I am extremely hands-on with my business and it is so important to me that I have partners who have the same core brand values and passion as By Caprice. This deal is the beginning of By Caprice Home’s global growth strategy and I am honoured to be the first brand that Sadaqat has bought into”
CEO Khurram Mukhtar said: “We like to collaborate with other successful businesses, so we are really excited to be working with Caprice, who has seen her business go from strength to strength in recent years. The rapid growth of By Caprice is extremely impressive and we look forward to playing a part in the next stage of her business. Maintaining the excellent quality and workmanship that sets the By Caprice range apart from it’s competitors is extremely important to us, and we believe that this partnership will be pivotal to both us, and Caprice. Her brand is glamorous, exclusive and noted for its quality, and Sadaqat is well known for producing home textiles that exceed the expectations of our clients. A close working partnership with Caprice will consolidate our excellent reputation in the textile trade, and we look forward to proving that we are the right partners to take this exclusive brand forward in the coming years.”
“By Caprice” is available on the High Street, throughout the UK.


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A Spokane credit union says local consumers are reporting a phone scam aimed at tricking them to reveal debit and credit card information.
The STCU phone center today is inundated with calls from credit union members and some non-members who reported receiving official-sounding automated phone calls that supposedly come from STCU.
As of 10:30 a.m., more than 100 callers contacted STCU about the phone calls, spokesman Dan Hansen said.
The calls inform the recipients that “Your debit card (or credit card) has been deactivated.” They are asked to provide their debit or credit card number, PIN and expiration date, Hansen said.
The calls appear to be blanketing the region at random, as many of the recipients are not STCU members, he added.
STCU never calls its members asking for credit or debit card information, Hansen said.
Consumers should be wary of any call or e-mail seeking credit or debit card information or other sensitive personal information, Hansen said. These contacts often are scams perpetuated by people looking to commit identity theft.