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Stateside Jordanheads are likely glad that they did not have to head out to a retail store in order to cop a pair from the Supreme x Air Jordan 5 collaboration. The U.S. upcoming jordan releases 2015 of Supreme x Air Jordan 5 took place online and collectors within the nation should definitely be thankful about it. However, sneakerheads in London and Tokyo were not as fortunate since the Supreme x Air Jordan 5 was released in-store in the two cities. Of course, this meant that they had to step out in order to grab a pair and it should not be too hard to imagine what it may have been like.
If sneakerheads recall, 2014 had marked the in-store retail debut of the Supreme x Nike Foamposite in New York City, which turned out to be quite catastrophic due to an overwhelming number of shoppers. In fact, the New York Police Department had to shut down the launch of the sneaker because of all the chaos and commotion. Perhaps Jordan Brand and Supreme’s expecting something similar to occur if the Supreme x Air Jordan 5 actually hit the shelves at Supreme’s Fairfax and Lafayette stores.
Even though the in-store release of the Supreme x Air Jordan 5 was cancelled in the United States, Supreme London and Supreme Tokyo still had the collaboration up on retail. As usual, countless numbers of sneakerheads camped and lined outside at the Supreme locations in both cities, but luckily nothing got out of hand. Nonetheless, stateside Jordanheads who have taken a look at these photos are probably feeling relieved that they did not have to do the same.
Thus, the highly anticipated Jordan release of the Supreme x Air Jordan 5 collaboration has finally happened. Whether overseas or stateside, Jordanheads would not want to miss the opportunity of getting their hands on kicks from a special collaboration like this one.
Release Date: October 16th, 2015
824371-101 | $198


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With just over two weeks to go before it releases the one-year anniversary update to the Windows 10 operating system, Microsoft has acknowledged that it doesn’t expect to meet its goal of 1 billion users by 2018.
The changes in the company’s phone business means “it will take longer than FY18 for us to reach our goal of 1 billion monthly active devices,” Yusuf Mehdi, corporate vice president for Microsoft’s Windows and Devices Group, said in a statement. In the spring, Microsoft announced that it would sell its feature phone business, and also reported a double-digit decline in Windows Phone sales.
According to Microsoft’s most recent update, Windows 10 is now installed on more than 350 million devices worldwide. Downloading the update has been free for users since it was released late last July, but that’s set to change with the Anniversary Update scheduled for August 2.
Monthly Enterprise Fee Starts Soon
Mehdi revealed Microsoft’s changing expectations for Windows 10 adoption while speaking with ZDNet last week. Before Windows 10 was released last summer, Microsoft executive Terry Myerson predicted that there would be 1 billion devices running Windows 10 within two to three years of its release.
Until now, users have been able to upgrade to Windows 10 at no cost. After July 29, however, enterprise users who have not yet downloaded the new OS will be charged a monthly subscription fee of $7 per seat per month, Mehdi noted in a blog post last week.
More than 96 percent of business users are already running active pilots of Windows 10, he added. According to a recent Forrester Research study commissioned by Microsoft, enterprise adopters of Windows 10 are seeing their deployments pay off in just 13 months.
Anniversary Update Boosts Security
The Windows 10 Anniversary Update is set to bring a number of…

domain: news


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MSC Cruises confirms construction of a new “Fantasia class” cruise ship at STX Europe in St. Nazaire France, yard number U32, will be named MSC FANTASTICA. The 3,274-passenger vessel will be the 12th ship in MSC’s fleet, and according to MSC, “will build upon the success of the ‘Fantasia’ prototype, offering a unique experience for guests…thanks to innovative features such as the MSC Yacht Club, the exclusive ship-within-a-ship…for unprecedented levels of privacy and personalized service.” Delivery is expected in 2012.
MARTIN COX - Founder and publisher of MaritimeMatters, inspired by maritime culture and technology growing up in the port of Southampton. He works as a photographer in Los Angeles, and his works has been exhibited in LA, San Francisco, New York, London and Iceland. Martin is the co-writer of the book “Hollywood to Honolulu; the story of the Los Angeles Steamship Company” published by the Steam Ship Historical Society of America. The Los Angeles Maritime Museum has commissioned artworks and collected his photographs.


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The Vector Smart Watch team has offered details on when people using Windows Mobile can expect an updated version of the Vector companion app. It appears that the new app, which is designed for Windows 10 Mobile, will arrive later this month, with the company targeting June 15.
The new version of the app is currently being tested internally. The company previously offered updates to its apps on iOS and Android, while the Windows app has lagged slightly behind. In an email to a Windows Central reader, Vector blames this on issues with Windows Mobile code and Microsoft Store policy. However, it's good to know that the app should be on its way soon.
The company previously announced that it would focus on Windows 10 Mobile for its future app updates. The team had originally hoped to have an updated app ready in April.
For more on the Vector Smart Watch, be sure to check out our hands on below.
Thanks to Simon for the tip!


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A Georgia truck driver has been deemed what the feds call an imminent hazard to public safety by the Federal Motor Carrier Safety Administration, according to a U.S. Department of Transportation press release. FMCSA discovered that the trucker had lied about his medical history.
- Bridgestone reveals ‘Webfleet Solutions’ as the new company name for the recently acquired telematics business
- Digital Cargo Management Global Market 2019, Prominent Key players are Damco, IBS Software …
- TIA President expects growth in 3PL industry
- How e-commerce businesses can move to green packaging
- Rakuten Super Logistics opens fulfillment network to Amazon
- How to Choose a Visibility Solution


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THQ Nordic will be revealing two new IP’s at the upcoming Gamescom event after a year which saw a multitude of announcements at the peripheral, such as the upcoming Darksiders III , which is coming back after a hiatus and will feature a new protagonist Fury of the Four Horsemen.
However on August 22nd at Gamescom in cologne Germany, THQ Nordic will be announcing two brand new IP’s with one of them being a open world Kung-Fu RPG , and the other one being a mystrerious horrific new IP.
The Kung-Fu IP sounds interesting and it remains to be seen how an open world element to the game will turn out. For all hopes and purposes it sounds like a real ambitious project and is something that none of us have ever experienced.
The second IP in question will be resurrection of an already known entity , and will serve as a brand new chapter to the game. What’s interesting is that this might be a new chapter to one existing THQ Nordic game which many of you might be aware of and which goes by the name of Amnesia The Dark Descent.
Other THQ Nordic games which will also be making an appearance at the Gamescom are :
- Battlechasers Night Wars
- SpellForce 3
- Aquanox Deep Descent
- The Guild 3
It seems like THQ Nordic is going to have a pretty stacked lineup at this years Gamescom. Personally I am waiting anxiously . For those of you who have never played the game , it is amongst the most well recognized RPG’s of the last decade along with Never Winter Nights. If you are into RPG’s this is a highly recommended title, one which I am certain new fans of the genre will aprreciate
Which games are you looking forward to the most? Let us know by commenting in the comments section below.


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Microsoft has kept its promise and has rolled out the WiFi update for the Surface Pro 3, set to address a a WiFi connectivity issue. Microsoft rolled out several firmware updates for various models of the Surface tablet during Patch Tuesday earlier this month, and promised a subsequent update to address the plaguing WiFi issue that numerous Surface Pro 3 owners have been facing.
Looks like Microsoft has indeed kept its promise. The update rolled out today enhances system stability, as well as improves WiFi connection and throughput scenarios. Head over to Windows Update to snag the new firmware updates. Let us know if the issue becomes resolved or if you continue to see WiFi connectivity problems.
Unfortunately, those on the Surface Pro 2 have yet to see an update that resolves similar WiFi issues. No word from Microsoft on when we can see an update, but clearly priority is on the newer Surface Pro 3 model.
Today’s update features the following:
- Surface Integration (v.2.0.1038.0) further enhances system stability.
- Wireless Network Controller and Bluetooth (v. 15.68.3042.85) further improving WiFi connection and throughput scenarios.


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- 3 hrs ago Ampere Electric Scooter Now Available Online Through Amazon In Selected Cities
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Volkswagen India has been asked to pay a fine of Rs 171.34 crore by a four-member panel of the National Green Tribunal (NGT). The expert panel stated that the fine would be a 'conservative' cost for the health damage caused by the German carmaker in the country.
The NGT panel was formed in November 2018 towards the emission scandal or 'dieselgate' of Volkswagen back in 2015. The German auto giant admitted to using an illegal cheat device in their diesel cars to pass the strict pollution standard of the US.
The report filed by NGT on the 28th of December 2018, estimated that the cars released approximately 48.678 tonnes of NOx (Nitrous Oxide) in 2016. Using Delhi for its calculations, NGT estimated that the total cost of health damages due to the additional NOx released from Volkswagen came up to Rs 171.34 crore.
The panel stated, "longer exposures to elevated concentrations of NO2 may contribute to the development of asthma and potentially increase susceptibility to respiratory infections." NOx also has adverse effects, as it causes the formation of smog and acid rain which increases the chances of the formation of ground-level Ozone and Particulate Matter (PM).
NGT Chairman, Justice Adarsh Kumar Goel has ordered Volkswagen India on November 2018, to pay Rs 100 crore to the Central Pollution Control Board (CPCB). The penalty was determined on the basis of 3.27 lakh Volkswagen cars found to have the illegal cheat device installed in India.
The NGT also constituted a joint team comprising of the CPCB, Ministry of heavy Industries, Automotive Research Association of India (ARAI) and National Environmental Engineering Research Institute (NEERI). The entire team were asked to examine "whether the manufacturers have exceeded the prescribed environmental norms and fair estimate of the damage caused to the environment."
Apart from the fine in India, Volkswagen might soon have to recall more cars in Europe as well. The German Federal Motor Transport Authority (KBA) recently opened an investigation into the 1.2-litre engine offerings from Volkswagen. The KBA will be investigating whether a software update in the 1.2-litre engines, powering the Polo hatchback allowed the brand to cheat in the emission tests as well.
Thoughts On The Volkswagen Emission Scandal In India
Volkswagen admitted themselves to using an illegal cheat device in their diesel cars, back in 2015. Since then, the German carmaker has recalled thousands of cars all around the world and paid millions of Euros in fines towards damages caused.
Source: Indian Express


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The partnership will see the brand act as official sponsor of the England polo team when they take on South America on 5 June.
It will also operate a British equestrian themed pop-up over the course of the three-day event, which is set to run from 5-7 June in London.
The brand will be showcasing its first digital campaign, which is a circus-themed video, to promote its new Circus Collection throughout the tournament.
Majid Mohammadi, chief executive officer, Cutler and Gross said: "We’re delighted to be a part of British sporting history supporting the England Polo team at Chestertons Polo in the Park.
"As a British brand, getting involved in a quintessential British sport seemed like a perfect fit and a great platform to announce our new circus digital film. We will also have a pop-up stand on the day highlighting a British equestrian inspired range curated by our design director, Marie Wilkinson."
Rory Heron, managing director, Chestertons Polo in the Park, added: "It’s great to have another luxury brand on board for this year’s Chestertons Polo in the Park. The event is getting bigger and better each year and Cutler and Gross will add even more sparkle to the event."
Other team sponsors include Air Europa and City AM, meanwhile event sponsors include Champagne Lanson and Royal Dutch Gazelle.
The tournament, which is now in its seventh year, will run from 5-7 June.
Comment below to let us know what you think.
For more in-depth and print-only features, showcases and interviews with world-leading brands, don't miss the next issue of Event magazine by subscribing here.


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RICHMOND, Va. (WRIC) — For every pizza sold this Thursday, May 14, the Mellow Mushrooms in Midlothian and Cary town will give another pizza to a food bank.
“Mellow Mushroom is delighted to launch A Pie for a Pie to help those helping others,” said Susan Fry, Mellow Mushroom Midlothian store owner. “We are grateful to so many people who have helped us survive this unprecedented time.”
The store in Richmond will donate pies to Feed More, an organization that collects, prepares and distributes food to those in need across 34 counties in Central Virginia, and the Midlothian store will donate pizzas to Chesterfield Food Bank volunteers.
“Giving to Feed More is the right thing to do,” said Scott Douglas, Mellow Mushroom Carytown store owner. “So many people have landed on hard times due to COVID-19, and we are lucky we can help.”
- Two Virginia Walmart stores close for the evening due to ‘potential threat’
- StormTracker 8: Slow clearing skies tonight
- Glass shattered in break-in at Carytown Tobacco amid riots early Saturday morning
- ‘Two wrongs do not make a right’: Mayor Levar Stoney weighs in on Richmond protest
- GRTC suspends all services through Sunday night


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Shapeways recently took a field trip to a Brooklyn hardware store, but not to buy anything for a home improvement project. They were on a mission to visit Crest Hardware, to 3D scan their famous Garden Keeper, Franklin the miniature potbellied pig, and his dad Joe! They documented the whole encounter on Facebook Live. This isn’t the first time we’ve seen someone 3D scan a barnyard animal, but this 6-year-old pig is something of a local celebrity – he’s got over 2,300 Instagram followers!
During the experience, the Shapeways team learned a lot about pigs from Franklin’s dad, and Crest owner Manny Franquinha’s son, Joe. The store opened in 1962, and it’s become a cultural icon in the Williamsburg neighborhood of Brooklyn. Shopping at the store, which sells everything from tools to art supplies to houseplants, is a true New York experience. How many hardware stores have you heard of that have a 5,000-square-foot garden center, host their own art competition, and have not only a pet pig, but also Finlay, their African gray parrot? A couple of people and their dogs wandered in and out of the garden center during the scanning process, so it’s clearly a pet-friendly venue.
The Shapeways team used an iPad to scan Joe and Franklin, who (mostly) stood still if he had some pig food in front of him, though he liked to wag his tail and lift his head to see what the team was doing. They used an Occipital Structure Sensor, which is the first 3D sensor for mobile devices. It allows you to capture infrared, color data, and dense geometry in real-time of whatever it is being used to scan. The company started a Kickstarter campaign back in 2013 and announced in 2015 that they had raised $13 million in Series B funding to advance the Structure Sensor.
“Despite being famous, Franklin was great to work with,” Lise Keeney from Shapeways wrote. “We captured a few scans of the two of them standing near each other, but it was tricky capturing the two of them both in still poses. All things considered, we managed to snag some decent scans and are hoping to mesh a few scans together.”
They encountered the normal obstacles that arise when working outside, such as a spotty Wi-Fi connection and lighting issues. They also had a hard time capturing a scan of Franklin’s leash, which Joe was holding. It was tricky capturing the two standing together in still poses, but they did get a few scans of them standing near each other. It was not uncommon to hear the person at the computer saying, “Too fast, too fast!” on the video while the other person was scanning the pair. Shapeways also streamed the experience on Facebook Live. Discuss in the Shapeways Pig forum at 3DPB.com.
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The Centre is likely to offer a sweetener to goods that go out of the exempted list for excise once the goods and services tax (GST) kicks in next year. While identifying the list of products that will go out of the 350 item list, the Union finance ministry is looking at levying a lower rate of tax under the new regime.
The Centre has already acceded to the demand from the states to settle for a two-rate structure, with essential items facing a lower rate of tax. Most of the items that come out of the exempted category would be treated on a par with essential goods and would face a lower levy, said a senior government official on condition of anonymity.
Unlike the Centre, the states are, however, unlikely to make significant changes to the list of 99 items that are at present exempted from the value added tax (VAT).
“Many exempted items are likely to be taxed at a lower rate in GST. It will be difficult to straightway tax zero-tax items at 16 per cent or above in GST,” said Pratik Jain, executive director (indirect tax) at consultancy firm KPMG. He added it would be difficult for states to exempt over 90 items under the GST regime.
Food items such as curd and butter milk and certain textile products might be taxed at a lower rate in GST, but branded food items, footwear and most information technology products were likely to attract the standard rate, Jain added.
Another government official said the exemption list would be common for the Centre as well as the states and states would not be allowed to expand the exemption list even for goods of local importance. The list would be substantially reduced over the years to minimise exemptions.
“The Centre has agreed to most of the demands of the states but it will not agree on different exemptions and different thresholds. The different exemption list would lead to distortions,” the official added.
While the empowered group of state finance ministers had suggested that the existing exemption lists of the states and the Centre continue in GST, the task force of the 13th Finance Commission had suggested only five exemptions — public services such as civil administration, defence and police; employer-employee transactions; unprocessed food sold under the public distribution system; education services provided by non-governmental bodies; and health services offered by non-governmental agencies.
In Australia, health and medical care, educational supplies and childcare, fresh food and beverages are exempted from GST. Tax-exempt goods and supplies in Canada include basic groceries, prescription drugs, transportation, medical devices, health and dental care, educational and financial services. Singapore exempts sale and lease of residential property, financial services and exports of goods.
India might draw upon the experience of these countries while finalising its list of exempted items.


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TRION has announced that the first full expansion for their MMORPG RIFT, called Storm Legion, will release on 13 November.
It’s a no brainer purchase for current RIFT players because if you take out a one year subscription you get the expansion for free. Pre-orders are now being taken via the Storm: Legion site, so if you fancy getting access to 10 more levels, four new Souls, early Dungeon access and a cape, then hop to it.
Now on with the new “features” trailer…Related to this article
Founder and Editor of PC Invasion. Veteran PC gamer of over 22 years.


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Akos Stiller | Bloomberg | Getty Images
A Volkswagen AG badge sits on a Volkswagen Passat Estate automobile displayed on the forecourt of a dealership in Vienna, Austria, on Thursday, Oct. 8, 2015.
Volkswagen has agreed to pay just over $200 million to offset emissions from about 80,000 3.0 liter diesel U.S. vehicles, a person briefed on the settlement told Reuters.
The agreement is expected to be announced as early as Friday, and is in addition to $2.7 billion that VW previously agreed to pay to offset emissions from about 475,000 2.0 liter diesel vehicles. U.S. District Judge Charles Breyer on Friday delayed a hearing until later in the day so negotiations can continue over reaching a final resolution on the 3.0 liter vehicles.
A sticking point over a comprehensive deal has been how much VW will agree to offer owners in compensation for getting vehicles repaired or selling them back. Talks among Volkswagen, the U.S. Federal Trade Commission and lawyers for the suing owners have gone on for weeks.
Reuters reported on Nov. 15 that Volkswagen had reached agreement with U.S. regulators for a mix of buybacks and fixes for the 80,000 polluting Audi, Porsche and VW 3.0-liter vehicles. The agreement includes a buy-back offer for about 20,000 older Audi and VW SUVs and a software fix for 60,000 newer Porsche, Audi and VW cars and SUVs, the sources said.
A separate, more complex fix is expected to be offered for the older vehicles.
With the $200 million to offset 3.0 liter emissions, Volkswagen has agreed to spend up to $16.7 billion to resolve U.S. diesel emissions cheating allegations. Volkswagen is also expected to face billions in fines as part of a separate potential settlement with the Justice Department to resolve an ongoing criminal investigation and a civil suit alleging civil violations of the Clean Air Act.


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What does fast food have to do with advanced university research? If you’re like me, you might guess that a few chemists left the lab early for a Big Mac and some Fries. We’d be wrong. According to an article in the Pittsburgh Post Gazette’s NewsSlide app, Professor Andre Simpson, of The University of Toronto’s Scarborough was having a hard time paying for resin for the lab’s 3D printer.
“Simpson had bought a 3D printer for the lab in 2017. He hoped to use it to build custom parts that kept organisms alive inside of the NMR spectrometer for his research.
But the commercial resin he needed for high-quality light projection 3D printing (where light is used to form a solid) of those parts was expensive.
The dominant material for light projection printing is liquid plastic, which can cost upward of $500 a liter (about $15 an ounce).”
Professor Simpson noticed similarities between the commercial liquid plastic and the fats found in cooking oil.
“What came next was the hardest part of the two-year experiment for Simpson and his team of 10 students — getting a large sample batch of used cooking oil.
‘We reached out to all of the fast-food restaurants around us. They all said no,’ said Simpson.
Except for McDonald’s – they agreed to give them 10 liters of waste oil.”
The professor’s team devised a test, and decided to 3D print a butterfly (shape). It took some time, many attempts, but the produced a butterfly, and:
“ ‘We did analysis on the butterfly. It felt rubbery to touch, with a waxy surface that repelled water,’ said Simpson. He described the butterfly as ‘structurally stable.’ It didn’t break apart and held up at room temperature. ‘We thought you could possibly 3D print anything you like with the oil,’ he said.
The experiment yielded a commercially viable resin that Simpson estimates could be sourced as cheaply as 30 cents a liter of waste oil.”
Fast food restaurants are very concerned about making money – they sell their waste cooking oil to companies that turn it into biofuel. In this case, the local McDonald’s did a simple ack of kindness. They did the right thing, and the results were great. McDonald’s has taken note of the research, and this may ultimately lead to something transformative for its recycling program.
The “We are the World” Blogfest is now in its third year. This blogfest’s goal is to spread the message of light, hope and love in today’s world. We are challenging all participants to share the positive side of humanity. This month’s co-hosts Sylvia McGrath, Peter Nena, Shilpa Garg, Eric Lahti, and, Belinda Witzenhausen. welcome participants and encourage all to join in during future months. #WATWB is a blog hop on the last Friday of every month.
If you want to SIGN UP for WE ARE THE WORLD – Click HERE to be part of the Light.
Of course, all this talk about fried food and fast food is making me hungry. I will share that shortly after this post goes live, I will be having breakfast at The Allegro Cafe…sorry.


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Due to a service outage in our area, we are currently experiencing issues receiving telephone calls. We appreciate your patience as we work to resolve this issue.
SC Donates to American Cancer Discovery Shop
Published on June 20, 2012
Summer Classics donates over $68,000 worth of the company’s outdoor furnishings to the American Cancer Society’s Smith Mountain Lake Discovery Shop in Moneta, Virginia.
“All of us who volunteer here at the shop are especially appreciative of this fabulous donation from Summer Classics and our customers are thrilled,” said Dee Kropf, Merchandise Acquisition Coordinator for the Shop.
The Smith Mountain Lake Discovery Shop is the only Discovery Shop in the country that is specifically focused on home furnishings, and is operated entirely by volunteers. The shop is open six days a week, and sells high-quality home furnishings to raise money for the fight against cancer. In addition to offering merchandise, the Shop provides information on cancer and treatments for the disease. It is also a place for those fighting cancer and those who have won their battle with the disease to meet and support one another in monthly groups. For over 40 years, the American Cancer Society has operated Discovery Shops across the country.
“This is the first donation from Summer Classics® to the Discovery Shop, and Summer Classics is happy to support this organization as they continue to look for a cure to this terrible disease,” said Harold Hudson, Vice President of Sales and Marketing for Summer Classics.
“This year alone we have donated over $100,000 to fight cancer and we will continue to support this cause,” Hudson said.
Earlier this year, at High Point Market, the company donated over $20,000 to the University of North Carolina’s Cancer Treatment Facility in honor of Susan Lambeth, a former Summer Classics Sales Representative, who lost her battle with ovarian cancer two years ago. The company also makes donations to Friends of Hale County, an organization in Alabama created to help Alabamians in times of need. Summer Classics® has also made a donation to The Arc of Tuscaloosa’s silent auction to raise funds for adults with mental disabilities.
For over 30 years, Summer Classics has been creating innovative outdoor furnishings. With a commitment to careful design and product innovation Summer Classics products are created with the finest raw materials for use in manufacturing; including paint, aluminum, wood and resin. The development of these materials is one of the company’s proudest achievements and has set the company apart from other outdoor furniture manufacturers.


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The COVID-19-related securities litigation wave has now been around long enough that companies that were sued early on in the pandemic are now being sued again based on more recent developments. Co-Diagnostics, a diagnostic testing company that was sued in the early months of the coronavirus outbreak in the U.S. in 2020, has now been sued again in a separate securities class action lawsuit based on the company’s disclosures surrounding its release of its second quarter 2022 financial results. A copy of the new complaint against Co-Diagnostics can be found here.
Co-Diagnostics develops, manufactures, and sells reagents used in diagnostic tests for the detection of infectious diseases. In April 2020, the company received emergency use authorization for its Logix Smart COVID-19 detection test. The emergency use authorization allowed the company to sell the test to laboratories certified under the Clinician Laboratories Improvement Act to accept human supplies for diagnostic testing in the U.S. The company has sold its Logix Smart COVID-19 test to over 500 centralized lab customers.
On August 11, 2022, Co-Diagnostics released its financial results for the quarter ended June 30, 2022. The company disclosed revenue for the quarter of $5 million, down from $27.4 million in the prior year period, representing a decline of almost 82%. The company primarily attributed the decrease to lower demand for the Logix Smart COVID-19 test. According to the subsequently filed securities class action lawsuit, the company’s share price declined over 30% on the news.
On August 16, 2022, a plaintiff shareholder filed a securities class action lawsuit in the Southern District of New York against Co-Diagnostics and certain of its directors and officers. The complaint purports to be filed on behalf of investors who purchased the company’s securities between May 12, 2022 and August 11, 2022.
The complaint alleges that during the class period, the defendants failed to disclose that “(1) demand for its Logix Smart COVID-19 Test had plummeted throughout the quarter ended June 30, 2022, and (2) as a result, Defendants’ positive statements about the demand for its Logix Smart COVID-19 Test lacked a reasonable basis.”
The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks to recover damages on behalf of the plaintiff class.
This lawsuit has only just been filed and it remains to be seen how it will fare. I will say this is one of the thinner complaints that has crossed my desk in a while. It sure reads like a classic stock drop suit. When the time comes, the court will strain to find anything in the complaint that resembles an allegation of scienter.
That said, this lawsuit is the second COVID-19-related lawsuit filed against this company. As discussed here, in June 2020, Co-Diagnostics was previously sued in a securities class action lawsuit in which the plaintiffs alleged that the share prices of the company’s stock had surged on supposed reports that the company’s COVID test was 100% accurate, only to fall when media reports questioned the accuracy of the reports. That prior lawsuit apparently remains pending in the District of Utah, having survived a motion to dismiss.
This latest lawsuit against Co-Diagnostics has some of the characteristics of many of the recently filed COVID-19 related securities suits, in that this lawsuit, like many of the other recently field suits, is based on allegations that the company prospered at the outset of the pandemic, but that its fortunes flagged as the pandemic has worn on. There have been a number of these kinds of pandemic-related suits filed, including, for example, the suit filed against Peloton (discussed here), and more recently, the securities suit filed against Amazon relating to pandemic-induced infrastructure overcapacity (discussed here) and the lawsuit filed just last week against mental health services firm LifeStance (discussed here). As I noted in connection with these prior suits, and as I continue to believe, there are likely to be more of these kinds of suits, as changing conditions affect consumer demand and purchasing patterns.
In any event, by my count this lawsuit is 56th to be filed so far since the initial coronavirus outbreak in the U.S. in March 2020. Even though we are now nearly two and a half years into the pandemic, these COVID-19-related lawsuits continue to be filed. By my count, this lawsuit is the 13th COVID-related securities class action lawsuit to be filed so far this year, and as this filing and the recent lawsuit against LifeStance show, the pandemic-related lawsuits continue to be filed. All signs are that these kinds of lawsuits will continue to be filed for some time to come.


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Automotive Component Manufacturers Association
More than 1,500 companies will exhibit their products and technologies at the Auto Expo 2020-Component.
The Indian automobile industry has been going through one of the longest slowdowns for nearly a year and have reached out to the government for support.
ACMA has stressed on reduction of import duty on aluminium and steel and an urgent need to increase the rate of weighted deduction on R&D spend. The association has also made a plea to ensure a uniform GST rate of 18% on all auto components.
The summit will be hosted on May 18 and 19, 2018 at the Mahatma Mandir, Gandhinagar, Gujarat and will be inaugurated by the Chief Minister of Gujarat, Vijay Rupani.
Anant Gangaram Geete, Minister for Heavy Industries and Public Enterprises, Government of India, said it is the government’s endeavor to make the New Auto Policy industry-friendly. We are trying to make a full-proof policy, to ensure the success of Make in India, he added.
With battery prices on a decline, use of electric vehicles for commercial applications is likely to become economically viable in the next five years, Goenka said, speaking at the ETAuto EV Conclave on Friday.
Rattan Kapur, the outgoing president of Automotive Component Manufacturers Association (ACMA), is unsure whether India would meet the target of switching over to a totally electric-powered vehicle fleet by 2030. In a free-wheeling interview with ET Auto’s Nabeel A Khan, Kapur says that it may not be possible to achieve the target, and reveals that the industry body is yet to get an official communication on the targeted switch. Excerpts:
MSI chairman R C Bhargava, while delivering a keynote address at the 57th annual convention of Automotive Component Manufacturers Association (ACMA) here, said that the government's push for reducing dependence on energy exports is the primary aim for pushing electric vehicles.
Vinnie Mehta, Director General, ACMA said “The Indian automotive aftermarket stood at Rs 56,098 crore in 2016-17 with a total vehicle parc of 228.7 across the country. The Indian automotive aftermarket is expected to reach Rs 75,705 crore by 2019-20 exhibiting a CAGR of 10.5%.”
ACMA also welcomes the reduction in corporate tax on MSMEs giving them the much needed encouragement and relief.
The Union Budget 2017 should eliminate or reduce customs duty on Alloy Steel, Mild Steel, Aluminium Alloy, Secondary Aluminium Alloy, Copper Wire.
Auto component players expressed concerns over Euro VI norms which are applicable from April 2020 as they will have to make significant investments in R&D.
"Her charisma and unique leadership not only helped the state to excel on socio-economic front, but also emerge as a leading automotive manufacturing hub."
The government aims to develop India into a global automotive manufacturing hub; with government’s focus on the development of the North East region through its ‘Look East policy’.
After demonetisation, Rs 6-7 lakh crore have been taken away from the economy and only Rs 2 lakh crore is currently circulating. So, even for people who have money, their purchases regarding automobiles have come down to the last on their priority list.
The Indian auto-component industry registered a turnover of Rs 2,55,635 crore (USD 39 billion) in 2015-16,growing by 8.8 percent while exports grew by 3.5 percent to Rs 70,996 crore (USD 10.8 billion).
The meet had participation from over 145 international auto component aftermarket distributors from 45 countries such as Iran, Africa, Central & Eastern Europe (CEE), CIS, ASEAN, West Asia, Japan, and North America.
The objective is to provide a platform to the Indian auto component aftermarket suppliers to showcase their capabilities, explore aftermarket business opportunities and connect with global auto component suppliers.
Hit by the Supreme Court ban in December, the Mumbai-based automaker had launched a 1.99 litre version of its mHawk engine series earlier this year.
The Supreme Court, however, had earlier this month lifted the ban on the registration of such diesel vehicles with one per cent environment cess.


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You would think that a cigarette manufacturer and a lighter company would get along like two peas in a pod but that isn’t the case. A subsidiary of Lorillard Tobacco that makes e-cigarettes and Zippo lighter are both suing each other over the use of the mark, BLU
Zippo is the most famous distributor of lighters in the world. In 2004, Zippo started to produce a butane torch lighter that emits flames that appear blue. In 2007, in association with the launch of the product, Zippo registered the trademark BLU. In 2009, two years after the launch of the lighter, a company later purchased by Lorillard, started using the same mark in association with its e-cigarettes and attempted to register its BLU trademark; the name also came from the color that the e-cigarette emits. That’s when the battle of the paperwork commenced. Zippo opposed attempts to register the mark; Lorillard hit back with a lawsuit for declaratory judgment requesting a ruling that the marks are not confusingly similar; and Zippo returned serve with a lawsuit for trademark infringement. Zippo claims that there has been documented consumer confusion with people thinking the e-cigarette is associated with the Zippo brand, when it is not. In the below, Zippo’s BLU trademark in on the left.
The stakes are high for both sides as last year e-cigarettes were a $1 billion industry. Previous attempts to smoke the peace pipe and come up with a resolution failed so this case might be a long battle.


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Released ahead of World Day Against Child Labour, the guidance tool is the result of a partnership between UNICEF and NBIM, which manages the assets of the Norwegian Government Pension Fund Global. It involved leading apparel and footwear companies including Adidas, H&M and VF Corporation.
“As the socio-economic consequences of the COVID-19 pandemic threaten the livelihoods of millions of workers in global supply chains, children’s rights must be at the heart of business action,” said UNICEF deputy executive director Charlotte Petri Gornitzka. “We have an opportunity to re-imagine the post-COVID world and build a better garment and footwear sector that supports the right of every child.”
The guidance tool provides practical steps for companies to embed children’s rights in their sustainability strategies and approaches. It calls on companies to gather evidence on how children are impacted; identify bottlenecks; and take proactive steps to integrate children’s rights into their supply chain management systems.
It also includes specific metrics, which support the measurement of and reporting on children’s rights outcomes over time. More specifically, the guidance calls on companies to: assess child rights risks and business preparedness to address them; integrate child rights into policies and management systems; get internal buy-in and engage key decision-makers; strengthen supplier capacity to address child rights and root causes; monitor and measure outcomes and progress; engage stakeholders, workers and implement grievance processes; report on outcomes and progress; collaborate and invest in multi-stakeholder initiatives; and support governments and advocate for children’s rights.
“At Norges Bank Investment Management, we see respect for children’s rights as an inherent part of good business practice and risk management” said NBIM chief corporate governance officer Carine Smith Ihenacho. “Children must be at the heart of companies’ sustainability efforts as they are among the most vulnerable members of society and the basis for future prosperity. It is our hope that the guidance tool and our partnership with UNICEF will contribute to improved market practices and greater respect for children’s rights across the sector.”
Globally, more than 60 million workers are employed in the garment and footwear sector. Many of them are parents and caregivers who support families. UNICEF estimates that more than 100 million children are affected in the garment and footwear supply chain globally – as workers, children of working parents, and community members near farms and factories. While child labour is a critical concern, children are also impacted in many other ways – from weak maternity protection for working mothers, absence of childcare and breastfeeding support in factories, and poor water, sanitation and hygiene (WASH) and living conditions in garment worker communities.
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Looks like another physical world connection company has been discovered.
Justin at MoPocket alerts us to iBuyRight and their soon to be released tool for camera phones.
iBuyRight is the code name for a suite of applications currently being developed by a team at UC Berkeley to deliver social, environmental, and health information about products at the point of purchase.
"After a product bar code is scanned with a cameraphone, iBuyRight retrieves relevant information from a social and environmental issues database, then displays it on the cell phone screen in an easy-to-read format."
These tools radically transform the information available to consumers on the impacts of the products they buy. Our tools empower consumers to screen and compare products based on their personal values and concerns through the presentation of detailed information about products, companies, and brands.
This information is presented in easy-to-understand ratings and detailed descriptions. We believe these consumer information tools hold the potential to empower literally millions of concerned consumers to buy products that better represent their values.
A beta version of the iBuyRight tool for camera phones will be released soon.


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New Standards Will Save Billions for Consumers Who Now ‘Pay the Freight’
LONG BEACH, Calif. – August 19, 2015 – (RealEstateRama) — At a public hearing on increasing national fuel-efficiency standards for medium- and heavy-duty trucks, the Consumer Federation of America’s director of public affairs and vehicle expert Jack Gillis presented the results of two national surveys demonstrating that consumers understand that the cost of fuel inefficient trucks is passed on to them and that they would like to see standards requiring increased fuel efficiency.
“When it comes to goods and services, the American consumer really does ‘pay the freight.’ More than $1,100 of the cost of the everyday goods and services households buy annually goes to pay for the fuel used to transport those goods and services,” said Gillis. “From a household energy expense perspective, the amount consumers pay for truck fuel is almost as much as they spend for home electricity and about half of what a typical household pays for gasoline.”
Two Consumer Federation of America surveys (July 2014 and most recently, July 2015), found that the vast majority of consumers (over 90%) understand that “some, most, or all” of the fuel costs of heavy-duty trucks, which transport virtually every consumer good, are passed on to consumers. In fact, over 55 % believe that “all or most” of these costs are passed on to the consumer.
While public debate on the issue has largely focused on environmental and industry concerns, consumer economics are an important component of the decision to implement the proposed standards.
“The bottom line: consumers get it. As a result, the Consumer Federation of America will be working hard to ensure the proposed standards are, in fact, adopted and implemented. In this particular case, what is good for the consumer’s pocketbook is also good for the environment and the economics of the trucking industry,” said Gillis.
With the average American household spending over $1,100 on consumer goods and services to cover the costs of filling up inefficient trucks each year, implementing these standards will put an estimated $200 back into household budgets each year or a total savings of a whopping $170 billion nationwide. Consumer dollars saved through energy efficiency are often spent on goods and services, contributing to economic growth.
In both of the CFA surveys, consumers clearly understood the possibility of these savings as nearly three-quarters of the respondents favored requiring truck manufacturers to increase the fuel economy of large trucks. Both surveys were conducted by ORC International, and in each poll ORC surveyed over a thousand Americans with an error rate of +/- 3%.
While consumer support for big truck fuel economy is already substantial, as consumers better understand the impact these policies have on their pocketbooks, public support will become stronger. The proposed truck fuel efficiency standards are an economic win-win-win as they will benefit consumers’ pocketbooks, truck fleet owners/operators, the economy and the environment. Clearly, the vast majority of consumers understand how important these standards are, and want them to go into effect.
In addition to the significant consumer benefits of the proposed new standards, there are other strong arguments, which justify increasing them, including:
The cost of implementing the standards will far outweigh the costs. The typical payback period for energy saving technology for a diesel tractor-trailer will be about 14 months. In the first eight years the payback will be five times the cost, and these trucks are on the road for significantly more than eight years. Using this cost/benefit ratio to estimate the financial benefits to households—the rule reduces the consumption of tractor-trailers by about 18.5%, and the fuel savings are six times as large as the technology costs.
Currently, there are market imperfections that cause the underinvestment in energy savings technologies, and performance standards are a good tool to reduce or eliminate these market imperfections.
In order to assess future fuel savings, we would have to adjust for the price of energy and the growth of freight truck fuel consumption using projected figures from the EIA Annual Outlook. If the fuel standards are adopted, however, consumption will not grow as much as currently suggested by the Ironically, the projected consumption growth is 15%, which will be offset by the standard.
The data referred to above are provided in an update of CFA’s analysis: Paying the Freight: The Consumer Benefits of Increasing the Fuel Economy of Medium and Heavy Duty Trucks, Version 2.0, which is being released and put into the record at today’s federal hearing.
While others have made strong environmental and industry economic arguments regarding the benefits of the proposed rule, CFA believes that consumer benefits will be in the billions, and we will further demonstrate why the standards are needed in our official comments on the proposed rule.
Contact: Jack Gillis 202-737-0766, Roxanna Smith 510-326-0390
About the CFA polls cited in this statement
CFA commissioned ORC International to poll over a thousand Americans in July 2014 and July 2015 about the Obama Administration’s proposed fuel-efficiency rules for heavy-duty trucks. The sampling error rate was +/- 3%.
The Consumer Federation of America is an association of more than 250 non-profit organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education.
EPA/NHTSA, Regulatory Impact Analysis, Medium and Heavy Duty Truck Rule, p. 5-3


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New corner store opening near Lamar
Updated 4:04 pm, Friday, August 3, 2012
Just in time for the start of school, Lamar students will get a 24-hour corner store for all the little emergencies in life.
The Ice Box, a 24-hour convenience store and Exxon gas station at the corner of Florida and Martin Luther King in Beaumont, could open by the middle of August, said Cal McIntosh of Susser Petroleum in Houston.
"It will certainly have a full line of standard convenience items," he said.
He adds, though, that a deli serving fresh food might be in the works, but it might open later than the store does.
This will be the nearest convenience store on MLK to the Lamar campus.


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Horse supplements are a funny thing—equestrians spend millions of dollars each year on them, but only a small percentage are backed with scientific studies showing their efficacy. So recently, a team of researchers set out to put some science behind one digestive health supplement.
At the 2014 American Association of Equine Practitioners Convention, held Dec. 6-10 in Salt Lake City, Utah, Nicola Kerbyson, BVMS, Cert. AVP (EM), MRCVS, presented the results of a study evaluating one supplement’s effects on gastric ulcer severity compared to the current gold-standard treatment: omeprazole. Kerbyson is a PhD student at the University of Glasgow, in Scotland.
Kerbyson said omeprazole has been well-studied up to 56 days of administration (where its reported efficacy is very good, she said), but noted that many horses are treated for much longer periods. She also noted that there’s been recent interest from consumers regarding supplements for managing gastric ulcers, especially since corn oil has been shown to reduce gastric acid output.
So Kerbyson and colleagues carried out a study comparing the effects of SUCCEED—a commercially available dietary supplement containing polar lipids (oat oil), soluble fiber (β-glucans), and amino acids (L-glutamine and L-threonine) marketed as a digestive supplement to assist the healing of gastric ulcers—and omeprazole on the development and treatment of squamous gastric ulcer (those in the stomach’s nonglandular area) development in Thoroughbred racehorses.
The team began with 67 horses either in training or actively racing diagnosed with squamous ulcers rated Grade 1 or


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ROCKY RIVER, Ohio — What began as a package deal supply, police say changed into against the law yesterday on the Westwood Nation Membership in Rocky River.
A girl, who dropped off an Amazon order, returned to ship a few automotive thieves, based on police.
“It’s one drive in, one drive out,” stated Rocky River Detective Mike Asbury.
Asbury says a supply driver made the journey twice Thursday morning to the nation membership and the second time wasn’t for work.
“I might say it’s very uncommon,” stated Asbury.
Asbury says the lady, who was not employed by Amazon, made a supply for a subcontractor employed by the corporate.
“That supply driver returned about two hours later and two black males are seen exiting that automobile and coming into in our sufferer’s automobile,” stated Asbury.
Asbury stated the 2 males didn’t have to interrupt in to steal the Audi and the theft was caught on surveillance.
“I feel our guys on the highway, our officers did a fantastic job, they have been capable of pull video footage, received a partial momentary tag plate the place we found out the place it was and ended up finding the registered proprietor of the automobile,” stated Asbury.
The package deal supply was round 9 a.m.
The automotive was stolen simply after 11.
Police tracked down the supply driver and her automotive in Bay Village. By that afternoon, officers recovered the Audi in Garfield Heights.
“Our sufferer’s bank cards and purse have been additionally stolen; these weren’t recovered in the course of the restoration of the automobile,” stated Asbury.
Whereas the detective says this specific theft case is uncommon, it’s not unusual to see some supply drivers utilizing private vehicles.
“Lots of these companies you may get inside three hours and two hours and from my expertise, these usually aren’t being delivered by an Amazon worker they’re really being delivered by one other firm that is delivering packages for them,” stated Asbury.
There could be a threat with the comfort of house deliveries. Police advocate getting a doorbell digital camera, not simply to your data however to assist police if there’s an issue.
“I would advocate if you are going to try this do you actually need to have it that evening or are you able to wait till the following day to get one-day transport, so you understand when your product’s coming,” stated Asbury.
As for the automotive thieves. Nobody has been arrested or charged however police anticipate that would be the destiny for all three.
“If you happen to steal a automobile right here, we’ll discover the automobile, we’ll search for that automobile, we’ll do it shortly and we’ll get the vehicles again,” stated Asbury.
Information 5 Investigators did attain out to Amazon about this case.
Amazon spokesman, Branden Baribeau, says they’re reviewing the data and can work with regulation enforcement as they examine.
In response to Amazon, to be eligible for the Supply Service Associate or DSP program, DSP’s should guarantee their supply associates have a legitimate driver’s license, move a felony background test, motorcar document test, and a drug check.
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FoodInnopolis signed a MoU with Disrupt Technology Venture (DTV) and 500 Tuktuks at the recent THAIFEX-World of Food Asia 2019 trade show.
Under the partnership, FoodInnopolis will scout for promising food tech start-ups such that they will be ready for the VC investment.
“500 Tuktuks will invest, while DTV will help to groom the start-ups to be stronger in every aspect and become ready for the VC to invest. But DTV doesn’t know where to shop for, so we at FoodInnopolis will scout for the technologies via our programs, such as the Food Innovation contest, PADTHAI, and IDE,” Dr Akeanong Jangbua, chief operating officer at FoodInnopolis said.
Under the partnership, DTV is looking to work with 10 to 20 start-ups, with about US$40m ultimately available for investment, according to founder Krating Poonpol.
According to Dr Akeanong, many of the Thai food tech firms are at the seed stage, and to feed the ecosystem, FoodInnopolis is helping more firms to progress from the pre-seed and ideation stage to the seed stage.
“About 15% of the companies are at the pre-seed, while 5% are at the ideation stage. From the pre-seed stage, it will progress to the seed stage, where there are about 45% of the companies at this stage.
“There are about 25% of the firms at the series A stage and only 0.5% will progress to the exit stage. We as the government will try to scout and hatch the good companies in the very first portion of the chain.”
Dr Akeanong also explained how Industry 4.0 has changed food innovation processes.
Watch the video to find out more.


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The International Publishers Association has issued a call to the president of Egypt to pardon publisher and bookseller Khaled Lotfy, named to the 2019 Prix Voltaire for valor in the freedom to publish.
On the eve of Sharjah’s year as UNESCO’s World Book Capital, the International Publishers Association brass sees the 11-year-old children’s reading fair.
The first selection of children’s books in the International Publishers Association’s SDG Book Club with the United Nations is due on April 2 at Bologna Children’s Book Fair.
In this week’s publishing conference at the Sharjah International Book Fair, delegates are welcoming an education ministry commitment to local publishers.
Sharjah’s work promoting Arab book markets includes its annual rights center at Sharjah International Book Fair, which will host 350 companies this year.
In its general assembly seated at Frankfurt, the 65-nation, 76-organization International Publishers Association has affirmed Mexico’s Hugo Setzer and the UAE’s Bodour Al Qasimi to the new leadership cycle beginning January 1.
Taking direction from its board members, the AAP has reset its focus on copyright and advocacy for the value of book publishing in modern society.
The SDG Book Club will curate a monthly reading list of books for young readers that encourages them to engage with the UN’s Sustainable Development Goals.
In stating its support for two years of discussion, the International Publishers Association at WIPO’s semiannual committee meetings signaled its stance on international copyright exceptions in education.
Nigeria’s first collaborative seminar with the International Publishers Association will focus on issues including a fierce battle African publishers are waging against book piracy.


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Happy Friday everyone!
Rene Ritchie of iMore is reporting that he's been told Apple hasn't landed on a final design for its next-generation iPhone yet.
Click here for more details from iMore >
Ritchie's sources also say there will be a physical home button and smaller dock connector on the device.
Last week, a report from iLounge said Apple was considering a taller and thinner design for the next iPhone. That report also said the new iPhone would have a 4-inch screen.
Now click here for some more iPhone 5 rumors >
Please follow SAI: Tools on Twitter and Facebook.
Join the conversation about this story »
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Notify me when Drippler 3.0 comes to iOS.
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IH News (Magazine) – Massachusetts designer Samantha Gottlich will be making her debut in Internet Hollywood’s first magazine of 2019 in July. She was the second designer that was picked earlier this year to be featured in the issue and more will also be added soon. Samantha learned of the news after she received a message from IH Vega over Instagram and accepted the invitation to be featured after she received it. Samantha Gottlich contributed to the exposure of many talented people on InternetHollywood.com after she became one of the designers that showed off her collection at the Internet Hollywood Fashion Show. The event was talked about for a long time and the pictures were shared by many for months. It was a historic moment that will be remembered by everyone that attended. Congratulations Samantha Gottlich!
*This story was originally posted at an earlier date but has been modified and updated


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Citigroup Inc. Reduces Stake in Patrick Industries, Inc. (PATK)
Citigroup Inc. lessened its holdings in shares of Patrick Industries, Inc. (NASDAQ:PATK) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,753 shares of the construction company’s stock after selling 976 shares during the period. Citigroup Inc. owned 0.08% of Patrick Industries worth $1,002,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in PATK. GW&K Investment Management LLC bought a new stake in shares of Patrick Industries during the 2nd quarter valued at $22,840,000. Teachers Advisors LLC boosted its holdings in shares of Patrick Industries by 640.0% during the 2nd quarter. Teachers Advisors LLC now owns 195,788 shares of the construction company’s stock valued at $14,263,000 after buying an additional 169,329 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Patrick Industries during the 2nd quarter valued at $5,240,000. Neuberger Berman Group LLC boosted its holdings in shares of Patrick Industries by 10.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 510,710 shares of the construction company’s stock valued at $37,205,000 after buying an additional 49,035 shares in the last quarter. Finally, Tygh Capital Management Inc. boosted its holdings in shares of Patrick Industries by 84.8% during the 2nd quarter. Tygh Capital Management Inc. now owns 99,426 shares of the construction company’s stock valued at $7,243,000 after buying an additional 45,630 shares in the last quarter. Hedge funds and other institutional investors own 89.73% of the company’s stock.
A number of analysts have recently commented on PATK shares. Zacks Investment Research upgraded shares of Patrick Industries from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Thursday, August 31st. Wells Fargo & Company restated a “market perform” rating and set a $75.00 target price (up previously from $72.00) on shares of Patrick Industries in a report on Monday, June 19th. Finally, BidaskClub upgraded shares of Patrick Industries from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $80.75.
Patrick Industries, Inc. (PATK) opened at 84.60 on Friday. Patrick Industries, Inc. has a 52 week low of $50.80 and a 52 week high of $87.90. The company has a 50-day moving average of $76.64 and a 200-day moving average of $72.41. The company has a market cap of $1.42 billion, a PE ratio of 20.68 and a beta of 0.89.
Patrick Industries (NASDAQ:PATK) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Patrick Industries had a return on equity of 26.46% and a net margin of 4.66%. The company had revenue of $407.20 million for the quarter, compared to the consensus estimate of $384.54 million. During the same quarter last year, the company earned $1.10 earnings per share. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. On average, equities analysts expect that Patrick Industries, Inc. will post $4.35 EPS for the current year.
In related news, VP Joshua A. Boone sold 520 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $73.00, for a total transaction of $37,960.00. Following the sale, the vice president now owns 7,445 shares of the company’s stock, valued at $543,485. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Andy L. Nemeth sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $79.95, for a total value of $799,500.00. Following the sale, the president now directly owns 79,193 shares in the company, valued at approximately $6,331,480.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,546 shares of company stock worth $16,327,660. 6.20% of the stock is owned by corporate insiders.
Patrick Industries Profile
Patrick Industries, Inc is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industrial markets for customers throughout the United States and Canada. In addition, it is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets.
Want to see what other hedge funds are holding PATK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patrick Industries, Inc. (NASDAQ:PATK).
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Ubisoft has made it official. Today they have released the below debut trailer for Assassin’s Creed III. However there is even more important news than the debut trailer, and that is the fact that besides coming out for the Xbox 360, PS3 and PC, the game is also coming to the Wii U. This is the first time that a major game has been announced for the Wii U since it was revealed back at E3.
Also revealed by Ubisoft is the name of the new protagonist, Ratohnhaké:ton. Well… he also is being called Connor now thankfully because that name is going to be hell on everyone if it was used for everything. As we’ve previously reported the game does indeed take place during the American Revolution and takes place during the Revolutionary War where players will be taken from “the vibrant, untamed frontier to bustling colonial towns and the intense, chaotic battlefields where George Washington’s Continental Army clashed with the imposing British Army.”


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Google Maps has been re-launched for iPhone, three months after it was replaced as the smartphone’s default maps app by Apple’s own, much-maligned, in-house version.
The release of the new app, which includes some functions previously only available on Android devices, comes after Apple admitted its Maps app had failed to live up to expectations.
Numerous mistakes blighted Maps, including misplaced landmarks, towns in wrong places and bizarre visual glitches, while police in Australia warned its flaws could be potentially fatal.
Apple chief executive Tim Cook issued a rare public apology over the software, while it was announced Steve Forstall, the executive responsible for iOS 6, would leave the company.
The new Google Maps app, which is not available for iPad, includes voice-guided turn-by-turn directions, panoramic images of some buildings’ interiors and vector-based graphics that are easier to zoom in to.
But indoor maps of shopping centres, the ability to download maps for offline viewing and voice search have not yet been carried over from Android.
Daniel Graf, mobile director of Google Maps, said the new app was ‘started from scratch’.
He also played down reports of a rift between Apple and Google after the changes brought in by iOS 6.
‘On maps, we have a friendly relationship,’ Mr Graf said.


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For the U.S. as a whole, a Synergistics Research survey found that 9% of 1,000 shoppers polled said they had used a contactless card or fob to make purchases, which represents a more than doubling of the 4% of the respondents who answered yes to similar polls conducted at the ends of 2004 and 2005. Another survey, by Report Buyer, says that there were about 27 million contactless payment cards (and keyfobs) in use and that there were about 777 million contactless payment transactions in 2006, around 3% of all credit and debit card transactions. These figures are projected at 2.2 billion transactions on 109 million devices by 2010.
So, does the growing use of contactless and the focus on low-value transactions transactions threaten cash? I rather think it will, but meanwhile, in a "Turkey’s view of Christmas" YouGov survey, Bank Machine, the UK’s leading independent ATM operator, has revealed 75% of today’s consumers still prefer to use cash for smaller transactions and 81% believe financial institutions are pushing them to use their credit and debits cards more. I hope the latter claim is true, or a lot of the investment in contactless is going to be wasted. Nearly two-thirds of transactions under £5 are still paid for in cash and this is not in the interest of the banks, says Bank Machine, as cards encourage consumers to splash their cash more. Ron Delnevo, managing director of Bank Machine, says that:
At a time when consumer debt in this country is at an all time high, it is completely irresponsible of card issuers to suggest that cash transactions are somehow old fashioned. It is an increasing worry that big institutions and retailers are continually attempting to manipulate the ways in which we spend our money, and subsequently what it is spent on.
Now, it has to be said that Ron has a point — one of the key retailer drivers for contactless low-value payments is that consumers spend more than they do with cash — but is that a reason to continue the hidden subsidies to cash? I imagine that consumers spend more using notes and coins than they would do if they had to barter livestock, but that’s hardly a moral justification for a return to ancient Babylonian economic order.
As it happens, some e-barter people popped in to see us last year, which led to some discussions about whether barter can work well in a networked economy and thus bypass some other digital money developments. One line of thinking is that the whole reason that money was invented was that bartering isn’t a particularly efficient means of paying for goods and services and therefore bartering has no role. As Techdirt said,
In the last decade, over and over and over again, we’ve seen companies keep trying to bring back the concept of bartering, as if it were something new and wonderful. In the early days of the web there were a bunch of online bartering sites, and they all died out pretty quickly. A couple years back, the new set showed up, and they seemed just as pointless. One of the higher profile ones was Peerflix, where it didn’t take long for people to realize that when you have to trade DVDs straight up, there are going to be a lot of crappy DVDs available, and not many good ones.
Interestingly, they call this economic phenomenon "the ghost of Gresham’s Law", although I think the "precursor to Gresham’s Law" might be a more accurate homage to our hero Sir Thomas. On balance, I think I predict that I am more likely to be using a contactless card, with a limit of more than 10 pounds, next year than I am to be bartering home made yoghurt for Volvo parts.
These opinions are my own (I think) and presented solely in my capacity as an interested member of the general public [posted with ecto]


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Summer events in the town centre brought more shoppers to Bracknell, according to new figures.
In May, June and July footfall increased on the days special events were held.
Global Village, a festival of food, drink and arts from around the world, brought 12 per cent more people on May 10.
A classic motor show on June 28 caused the number of people visiting town to jump by eight per cent.
And Meltdown, a special production of street theatre highlighting global warming held in Charles Square on July 13, caused footfall to rise by 23 per cent.
Helen Barnett, marketing manager for Bracknell Regeneration Partnership, said: “We are delighted that event in the town centre have attracted so many extra visitors.
“We are committed to ensuring Bracknell town centre is a vibrant place to visit, now and throughout the regeneration.
“We are confident there will always be exciting activities and events for everyone in the town centre.”
Chris Harnett, manager of Marks and Spencer in Princess Square, said: “On the day of the Global Village we had an extra 100 people in the store compared to the previous week, for the motor show the people through the doors went up by 10 per cent on the week before and for Meltdown the number of people went up by five per cent.
“I think anything to draw people into town is a good idea and it’s up to us to make the most of it.”
BRP has a variety of events planned for the rest of the year and over Christmas.
- Did you see of the town centre entertainment? Did you think it was a good idea or do you think the money could have been better spent? Click the link below to have your say.


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This site previously reported the nut snack company posted record sales of $75m during the Double 11 Shopping Carnival in 2016, making it the largest snack brand in all Chinese e-commerce channels combined.
By the end of 2016, Three Squirrels posted a net profit of over $29m, according to the company’s WeChat account.
Chinese Industry Information shows that the total sales value of nuts through e-commerce is around $1.2bn, and nuts and seeds comprise 84% of total consumption of salty snacks in terms of volume in the country.
Likely the first Alibaba brand to be incorporated
Three Squirrels’ spokesperson shied away from commenting on the matter, but said that the company only “has a thought about being incorporated,” and did not reveal any specific plans.
Kantar Retail 2016 shows that e-commerce space is highly competitive for sweets and snack companies in China.
“Those who started as an online brand initially, like Three Squirrels [started on Alibaba], have more competitive advantages, and they impose threats to traditional products in the category,” the market research firm said.
Among the top 10 B2C e-commerce confectionery and snack companies in China, Three Squirrels leads the category with a 11.85% market share, with Western chocolate brands Ferrero (1.3%) and Mars-owned Dove (1.2%) being ranked fourth and sixth respectively, according to Kantar. Other snack companies, including B & Berry (百味草) and LPPZ (良品铺子), share a 7.3% and 4.2% of the market respectively.
A Shanghai-based market researcher speculated it will probably “take a while” before Three Squirrels becomes fully incorporated.
Currently, there is not a single Alibaba food brand that is publicly-listed, but three Squirrels has “the biggest potential to be the first,” he said.
Going offline in 2017?
The market researcher also predicted Three Squirrels will depend less on e-commerce in the future as it wants to provide more shopping experience with consumers.
“Instead of operating an online retailer through Alibaba, Three Squirrels is going to build its own IP address and brick-and-mortar stores so as to communicate with consumers more directly, and to compete with other brands in the snack category,” he said.
BakerysandSnacks has reached out to Three Squirrels’ investors, including Free S fund, IDG Capital, and Capital today (今日资本), for a comment.


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Indian Oil Corporation (IOC) has officially confirmed the setting up of the first ever charging station for electric vehicles in India. This station has been established at a Nagpur petrol pump. The first electric charging station was launched by Indian Oil Corporation in partnership with Ola. Nagpur is the first city to introduce the Electric Public Transportation model in the entire country and this is another major feat for it. According to IOC, the tie-up with Ola is a major futuristic step for influencing commuting and ecological sustainability is the core focus of the brand which is the country’s foremost oil marketer and refiner.
NITI Aayog has already released its proposal for establishing 135 charging stations for electric vehicles across 55 locations in Delhi-NCR. The proposal, released by NITI Aayog vice-chairman Rajiv Kumar, has been drafted by AC2SG, the IT solutions organization. The proposal may lead to creation of charging infrastructure across the entire Gurgaon-IGI-South Delhi-Noida belt.
The proposal for creating this pilot project covers 135 charging stations, out of which 89 will be slower AC or alternate current stations and 46 will be direct current or quick charging DC stations.
This project will need massive co-operation with the respective state governments, private and public organizations, chosen government organizations and other enterprises for successful implementation.


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Chief medical officer Dr. Joann Schaefer is warning Nebraskans about the dangers of ticks and mosquitoes.
Ticks can cause a number of diseases, including Rocky Mountain spotted fever and Lyme disease. To avoid insect-related illnesses, take precautions.
Schaefer says a good way to avoid both ticks and mosquitoes is to wear insect repellent. FDA-approved insect repellents are DEET, picaridin, oil of lemon eucalyptus, and IR3535.
She says it's also a good idea to wear solid shoes and socks, long pants and long-sleeved shirts when appropriate. She said to avoid ticks, tuck your pants into your socks.
Dusk and dawn are the favorite times for mosquitoes.


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COVID-19: Kao restarts operations in China
06:29 AM | March 20, 2020 | Kartik Kohli
Company has increased the production of sanitary products such as disinfectants, due to higher demand.
This information is only available to subscribers
chemweek.com is the one stop platform for chemical news, data and analysis across all industry sectors and geographies.


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Tesco has confirmed changes to its Clubcard system - changes set to affect around 19 million shoppers.
Tesco originally said the cut-off date for shoppers to use existing vouchers would be May 31 - this has now been extended.
The change means the vouchers will now have a cut-off date of November 31, 2021 - giving shoppers more time to use them following the coronavirus crisis.
Tesco will be updating the expiry dates on its digital vouchers and will continue to accept paper vouchers in-store until the extended expiry date, reports the Mirror Online.
However, vouchers that have already had their cut-off date pushed back - for example, ones that were due to expire in November 2020 but are now due to last until May 2021 - will still expire on these dates.
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This means if you have a voucher that was due to run out in November 2020, the last day to use them is still May 31, 2021.
If you’re unsure when your coupon will last until, check in stores so you don’t miss out, says the Mirror.
To get Tesco vouchers through its Clubcard loyalty scheme, customers have to build up points by spending money in stores.
Shoppers get one point for every £1 they spend in store and online, or one point for every £2 spent on fuel.
You can collect points through Tesco Bank and Tesco Mobile as well.
You need a minimum of 150 points to get any sort of voucher, which will be worth £1.50 to spend in Tesco - or save them up, and 500 points would be worth £5, for example.
How to track down lost Clubcard vouchers
You can check if you have forgotten vouchers by logging into the Tesco Clubcard website with your account details.
Once you are logged in, click on “my Clubcard account” and then “vouchers” and you should see a table listing the vouchers you still have to spend.
You can spend any leftover vouchers online straight away, or print them out from home if you would rather use them in store.
If yours are close to expiring, but you do not want to spend them just yet, there is a trick to extend them.
Turn your coupons into Faster Vouchers and they will last 21 months from the date you convert your vouchers.


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View of a shopping street in Shanghai, China. (Photo: Agencies)
The U.S.' withdrawal from the World Trade Organization (WTO) will do little to hurt China's economic growth, but will backfire on the U.S., said Marc L. Busch, professor of International Business Diplomacy at Georgetown University on Monday.
Busch wrote in a commentary on The Hill that popular critics of the WTO say that the institution has "paved way for China's economic ascendancy," while none of the critics were able to explain how a U.S. withdrawal from the WTO would reverse China's gains.
The speculation goes as, if unconstrained by the WTO, Washington would hold more leverage over Beijing as it can raise tariffs higher.
Busch emphasized that waves of Section 301 tariffs against China were at odds with the U.S.' WTO commitments, which instead have punished U.S. consumers, retailers and industries that depend on imported goods, as well as exporters.
He added that U.S. companies have since lobbied for exclusions from crippling tariffs, which has diverted their energy away from innovation.c
"The U.S. will retaliate for Chinese retaliation for U.S. retaliatory tariffs. If this is the future of U.S. trade politics, lawyers who file for exclusions will make out just fine, but everyone else will lose out," the professor wrote.
He added that, the act counts as "the victory of inside politics over commerce."
The U.S. Chamber of Commerce underscored the importance of functional China-U.S. ties earlier this month, saying that China's 1.4 billion consumers represented the fastest growing market for U.S. companies.
The Chamber acknowledged the geopolitical and economic challenges the two countries encounter, while emphasized that a functional relationship was "in the fundamental interests of Americans, and of peace and stability in the world."
Zhao Lijian, Chinese Foreign Ministry spokesperson responded to the report saying that the nature of China-U.S. economic and trade relations is mutually beneficial and win-win. He added that China is committed to working with the U.S. side to develop a relationship featuring non-conflict, non-confrontation, and mutual respect.
Trade between the two countries increased to 39.7 billion U.S. dollars in April, up over 40 percent from the prior month, surpassing Mexico and Canada, according to a Wall Street Journal report earlier this month. The paper called China a "bright spot" for the United States in a "gloomy global trade picture."


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Now, Microsoft has finally announced when the new Windows version will be available for regular users, too. The date is October 5th, 2021.
On that date, the first Windows 10 users will be prompted to install a new version of the Windows to their PCs. Also, on that date, those who don't have a valid Windows 10 license, can directly go and purchase a Windows 11 license for their PC. And, obviously, plethora of desktop PCs and laptops with pre-installed Windows 11 will hit the store shelves on that day, across the globe.
Windows 11 will be completely free update for all Windows 10 users.
The update will be delivered through regular Windows Update and it will be phased, so only handful of users will actually get it on 5th of October. Microsoft expects the entire rollout to be complete by mid-2022, so some of the current Windows 10 users will have to wait quite some time until their OS will be updated automatically to the new version.
Obviously, there will be ways to speed up the procesS: most likely Microsoft will also release full ISO disk images for enthusiast to download and install.
Written by: Petteri Pyyny @ 31 Aug 2021 9:44


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Marketers will have a chance to see in August, when the provider of Happy Puppy, a popular online gaming site, officially launches Glossy (www.glossy.com), a site aimed at girls 12 to 17.
"We're an entertainment destination site," said Bridget Massey, Glossy's product manager. For this demographic, "there's not a lot of competition out there."
FORD MODELS A PARTNER
Like a traditional magazine, the site will feature stories on fashion, beauty and relationships, all of which will be updated daily with multimedia components and a chat area. Ford Models, a partner in the site, will maintain an area on modeling and lend its talent as characters, whose lives will be chronicled with video and bios like TV characters.
Eventually visitors will be able to order clothes featured on the site, something that was developed to take advantage of the medium's immediacy.
The main revenue for the site, however, is expected to come from charter sponsorships, which start at $2,000 for six-months and include any combination of banners, jump pages, product placement or advertorials. Glossy is in negotiations with six consumer brands for the sponsorships. Banners will also be sold separately at a $35 cost per thousand.
GIRLS LAG BOYS ON WEB
So far, what's available for girls online is a handful of content sites like CyberGirl, and sites created by marketers, such as the Vertigo Lounge by Procter & Gamble Co.'s Clearasil (www.clearasil.com). But girls still lag behind boys on the Web, an audience deficit that Attitude Network knows well, Ms. Massey said. Happy Puppy averages 2.3 million visitors a month, 88% of whom are male.
A major offline media blitz for Glossy is planned in August, including radio, a music video-style commercial, mall appearances and print ads. Online efforts will be limited to banners on chat and sites frequented by teen girls and parents. And to ward off parental concerns, Ms. Massey adds, chat on Glossy will be heavily monitored with mandatory registration.
'STARVED FOR CONTENT'
But will this be enough to lure girls online? Kate Delhagen, senior analyst, Forrester Research, believes so. "This is a market starved for content," Ms. Delhagen said.
The Barbie CD-ROM, she points out, was wildly successful, not solely because it was Barbie, but because there was so little else of interest available for girls. If sites like Glossy are a success, it'll be a way for marketers to reach their audience. "It's an opportunity for [marketers] to get out of the content


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Hundreds of license plates from as far as New York and New Jersey lined the streets of the village as thousands ventured to the 26th annual Darlington Apple Festival Saturday.
The unusual warm October weather and sunshine brought crowds of people into the town for a fun, filled day of apples, apples and more apples.
One vendor, Brenda Holloway, co-owner of Wilson Mill Orchard, said the warm weather created a larger turnout than usual at the event. She said hundreds of people were buying her crisp golden delicious, sun crisp and sammy boys apples.
"We've been doing the festival about 13 years and the turnout varies with the weather," Holloway said. "It's kind of the last big bang of the season."
Holloway said a lot of the markets for farms are ending now that summer's gone and the Darlington Apple Festival allows her farm, which she co-owns with her husband, Henry, to sell a lot of their produce. She said her farm brought at least 40 bushels of apples to the festival.
"The honey crisp apples are all gone; they are just the best apples," Holloway said about two hours into the festival.
Holloway said the rest of their apples, which aren't made into cider, is sold to the Harford County Public Schools through a local produce initiative.
Brad Weaver, of Castle Creek Farm in Dillsburg, Pa., traveled miles to sell his local, family-made apple butter, apple jelly and apple dumplings during the festival.
"We got here at three or four in the morning to set up," Weaver said, pointing to his wife and two sons who were helping him at his booth. "We don't do Sunday sales so it is nice to have a show that is just on Saturday."
Weaver said his family filled a truck and a trailer full of goods for the festival. He said he also brought crafts and goods created by other Amish families and a Mennonite family from Pennsylvania to sell.
Elizabeth Mack, 38, of Aberdeen, stood out in the nearly 36,000 attendees at the festival. She wore a Victorian style hand-made floor length red gown.
"I make my own clothes because I am two different sizes," Mack said.
Mack said she is a newbie to the apple festival and was dragged out by her adopted mom.
"I'm really enjoying myself," Mack said as she showed her purchases from the festival. "I have molasses and hot sauce."
People wiggled and danced to the musical stylings of several different acts during the festival. But most of the children seemed to prefer the heavy beats and drums of the Harford and Cecil County-based rock band, One Eyed Jack.
Jada Wessel, 5, of Bel Air, rocked back on a hay stack while enjoying ice cream with her grandmother, Beverly.
"I got a smoothie and I wanted to get on the ponies and get my face painted," the young girl said.
Other young kids enjoyed the arts and crafts portion of the festival. Brothers Christopher, 12, and Ayden Boyd, 9, stuffed a large scarecrow that it took the two of them to carry.
"It's fun to do as a family," the younger brother said.
Youth Minister Ralph Batykefer, said his church, Oakwood Baptist, has been hosting the scarecrow making arts and crafts section for the past six or seven years. He said proceeds from the scarecrows fund youth local and international youth-led mission trips. Youth from Oakwood Baptist travel as far as Guatemala for missions trips.


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They don't sell revolving doors at Sears, but maybe they should.
The retreat in consumer spending and the slide in the housing market are taking a toll on Sears Holdings Corp. But keeping a stable senior management team in place to navigate the economic slowdown appears to be a tough challenge facing Edward Lampert, the retailer's chairman and controlling stakeholder.
The turnover among top-level executives escalated this week as the company prepared to report on Thursday what analysts predict will be another grim earnings performance.
Mark Good, the veteran chief of Sears' home services business, one of the better-performing units at the ailing retailer, said he plans to leave the company Friday. He will be replaced by Stu Reed, the former president of Motorola Inc.'s mobile devices division, effective Monday.
Chief Marketing Officer Maureen McGuire, a veteran IBM Corp. marketing executive that Lampert wooed to Sears three years ago, told her team she is leaving at the end of the month.
And on Thursday, Sears moved forward with its plan to reorganize the company along asset lines, grouping its major brands together and hiring Procter & Gamble Co. executive Guenther Trieb as Sears' first brand chief to run them
Trieb, most recently vice president of P&G's feminine-care business in Europe, is charged with expanding Sears' Kenmore appliance, Craftsman tool and DieHard car battery businesses.
There has been an exodus of top executives in the past year, including most recently Lands' End chief David McCreight, who took the No. 2 post at Under Armour Inc. in July, and Bill Stewart, Kmart's chief marketing officer, who left in June to work on a campaign to protect gay marriage in California.
Sears has yet to name a permanent replacement for CEO Aylwin Lewis, who was ousted early this year. Lampert appointed supply chain executive W. Bruce Johnson, a former Kmart executive, as interim CEO and president in February.
In the meantime Sears, still the largest seller of appliances in the U.S. by far, has been losing market share steadily for years as Lowe's and Home Depot moved aggressively into the business. Sears' appliance sales accounted for 15 percent of its fiscal 2007 revenue, according to Sears' annual report, and it is one of the main reasons customers visit a Sears store.
"Sears is suffering from a lot of problems," said Nick McCoy, senior consultant for home goods at TNS Retail Forward in Columbus, Ohio. "They need to find a way to bring consumers back to Sears. There's a sector of consumers who still believe Kenmore is the best appliance brand and Craftsman is the best tool brand. But those consumers are getting older and Sears hasn't done anything to revitalize those brands."
McGuire joined Sears in October 2005 after a 30-year career at IBM Corp., where she was a strategy and marketing executive. She worked closely with Lampert at offices in Greenwich, Conn., where the billionaire operates his hedge fund ESL Investments Inc.
Under McGuire, Sears tapped into its past to come up with the "Sears. Where it begins" ad campaign, dusting off the store's legendary Big Book catalog heritage. In it, actors walk among the pages of Sears catalogs, looking at larger-than-life images of everything from diamond rings to dishwashers.
McGuire was not available for an interview. Sears said she is leaving the company for personal reasons. Richard Gerstein, head of marketing at the Sears division, becomes head of marketing for the combined company.
Good joined Sears in 1997 and led its home services business since 1999 as executive vice president and general manager, overseeing its expansion. The home services business offers parts and repairs for home appliances, among other products, and includes home improvement services such as home siding, carpet cleaning and kitchen remodeling. Good was not available for comment.
As for the Sears newcomers, Trieb worked at P&G for 24 years in brand management, marketing and planning.
"It's a good move for Sears to bring in somebody who knows something about maintaining and developing a brand," said Michael Stone, CEO of the Beanstalk Group, an Omnicom Group-owned brand licensing agency and consulting firm. "These are major assets of Sears' that have not been maximized the way they could be."
Earlier this year, Lampert opened the door to considering selling brands such as Kenmore and Craftsman outside of Sears stores, a controversial idea that could backfire if it drives shoppers away from Sears to other outlets.
In May, Sears posted its biggest quarterly loss since Lampert combined Sears and Kmart three years ago. Shoppers cut back spending on appliances and clothing, and the firm stepped up promotions to clear inventory.
Morgan Stanley analyst Gregory Melich estimates that in the second quarter Sears will earn 22 cents a share, down 81 percent from $1.17 a year ago, as sales at stores open at least a year decline 6.5 percent, according to an Aug. 14 report.
Profits likely took a hit as Sears increased discounting to clear inventory, Melich said.


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Vickie and Andre Jones long have been barbecue nomads. Now, they finally have a place to call home.
Jonesez BBQ just opened its first, standalone takeout restaurant at 13438 Palm Beach Boulevard, just east of Verandah and west of the Buckingham Road turn to Riverdale High School.
“We kind of outgrew the food trucks,” Andre Jones said. “We can only do so much in the food truck.”
The food trucks will still be out and about all of Southwest Florida: at the Swamp Cabbage Festival in LaBelle, where Jonesez BBQ got its start in 2005-2009, and at other festivals, fairs, high school football games, events and other pop-up tent spots.
“The people in LaBelle really supported us,” Vickie Jones said of how she and her husband of 35 years were able to expand throughout the region. “Now, we’re doing more catering and corporate accounts. It’s so nice to finally have more room.”
The family-owned business is also a family-run business. The Jones children help run the new spot, and Vickie Jones’ sister-in-law and brother have been running the food truck.
Pork spareribs, grilled chicken, pulled pork and pulled chicken and side items are on the menu.
The new Jonesez BBQ location is open 11 a.m. to 7 p.m. Wednesdays through Sundays.