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Feb 17, 2010 (LBO) – The Sri Lanka unit of Indian Oil Corporation said it made a ˜nominal’ profit in the December quarter compared with a loss a year ago on higher petrol prices and other products like marine fuel and lubricants. Government-mandated retail petrol prices were cut by 15 rupees a litre on December 29.
Suresh Kumar said he expects the next quarter to be better with the government having removed a customs duty charged on LIOC along with the cut in petrol prices.
The reduction in selling price has been matched by the duty being taken off. From this quarter onwards things will be better as there is a general improvement in the economic climate which should help volumes to grow.
The island’s 30-year ethnic war ended last May, resulting in a revival in economic activity.
LIOC made a loss of 203 million rupees in the September 2009 quarter, after making a 110 million profit a year ago.
It made a 856.7 million rupee loss in the June quarter compared with a profit of 1.0 billion rupees a year earlier, as it was squeezed between high taxes and government mandated prices.
Suresh Kumar said sales of ship fuel in Colombo port were doing reasonably alright with total market volumes h


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MARC SHOFFMAN: That shrinking feeling - how Golden Wonder made me a victim of shrinkflation
A bag of crisps have been a feature of my life ever since first break at secondary school.
I would watch the clock tick through double maths and see the shiny bag of salt and vinegar or ready salted gleaming at me, ready to be devoured as I reached the playground.
While I have accepted that inflation means I am paying more to eat my crisps at work than I was in my school days more than a decade ago, I have also become a victim of another force - shrinkflation.
Not nice crispies: Food prices have gone up but the size hasn't
It was approaching 11am on Friday as I sat at my desk and reached for my shiny bag of Golden Wonder.
I opened up the bag and as the whiff of salt and vinegar escaped the perforated foil packaging, I was met with the sight of 11 crisps!
As the picture above shows, this meant the bag was more air than crisps.
It looks like manufacturers are really taking the biscuit, or the crisp, when it comes to our food.
Some interesting This is Money number crunching, using our historic inflation calculator, this week worked out what certain items would cost if prices had risen in line with house price inflation.
According to our figures, if wages had risen at the same rate as house price inflation, the average wage would be £87,720 – while a 2.5kg chicken would be £51.31
Food prices have gone up around 4 per cent, yet that has not been reflected in the size, as many items have suffered from shrinkflation.
Shrinkflation is the concept that goods have got more expensive and also smaller.
Take a Mars bar for example, in 2009 the size of the popular chocolate bar was reduced from 62.5g to 58g, while the price was held at 37p. Mars bars sell for between 50 and 60p nowadays, yet the size is still 58g.
Consumer watchdog Which? earlier this year found that Shredded Wheat Superfruity that used to be sold for £2.68 at Sainsbury’s was put on £2 special offer, before returning to £2.68 but now with less cereal in each box.
Birds Eye hit buyers of its Original Beef Burgers with Onion twice. Previously selling for £3.98 for a pack of 16 in Asda, Morrisons and Tesco, they now sell in boxes of 12 for £4.29, according to the consumer body.
I can understand the argument that making unhealthy snacks smaller will be better for you, but ultimately I will probably have to buy another bag of crisps later in the day.
Households are already facing rising costs from increasing energy bills and low wage growth, food manufacturers now seem to be squeezing us in less obvious ways.
Manufacturers could make changes, such as cheaper packaging or keeping it simple with the flavours. Who eats pickled onion crisps anymore?
Have you noticed your food getting smaller? Tell us which products in the comments below or in our forums, and how you would make it cheaper.
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News and Articles About Mobile
Mobile phone users are spending more and more time using apps. Heres a look at what they are using and how much they are paying for those apps.
The new device will reportedly use Miracast technology to stream audio and video from computers and mobile devices to television sets.
Increase employees' productivity and protect your company's data with these tips for building a safe 'bring your own device' plan.
The ridesharing company has released a feature that allows third-party companies like Trip Advisor, Starbucks and United Airlines to embed the Uber service into their own mobile applications.
The list of people willing to receive your marketing messages is a fundamental business asset that you can grow with steady effort.
The typewriter obsessive, who once boasted a collection numbering 200, has created an app that mimics the look, feel and sound of the bygone gadgets.
By adopting a strategy that caters to smartphones, you'll attract a whole group of customers who may be frustrated with other businesses.
Amazon officially entered the mobile payments race today. Here's a helpful roundup of the most important details small-business merchants should brush up on before making the leap.
The company aims to reach potential first-time customers in emerging markets such as India, China and Nigeria.
The social network has made it mandatory that people download the standalone Messenger app. And, of course, people aren't happy.
In China's mobile market -- the largest on earth -- there's a brand new leader in town.
Surely, both platforms offer benefits, but should one be prioritized over the other?
Instagram unveiled a one-click, self-destructing messaging app of its own, irking some competitors and peers in the market.
While the embattled company's CEO is unsure that BlackBerry will be the iconic brand it once was, he remains optimistic about the future.
The initiative is aimed at younger travelers who are increasingly placing hotel reservations on mobile phones.
The popular Bitcoin wallet app is back after being pulled from the App Store in January.
The mobile ad and analytics company is one of Yahoo's most expensive acquisition to date under CEO Marissa Mayer.
Develop a winning web strategy with these six suggestions that should pull in more customers.
It may seem obvious, but the easier and more useful your app is, the more likely it will be a success.
The wide-ranging partnership aims to combine IBM's big data and analytics proficiencies with Apples ubiquity and usability.
The move signals a democratization of the uber-elite art and collectibles market, as well as growing consumer confidence in online shopping.
Jason Wolfe's leading e-tail venture, GiftCards.com, took shape while he was living in his car and teaching himself to code with books checked out of the library.
Huge changes are coming to Microsoft, says CEO Satya Nadella in a rambling manifesto -- but just what kinds of changes are anybody's guess.
You can slay the online giant (somewhat) -- by doing these eight things consistently.
A new government report shows that while four in 10 adults live in homes with only a wireless telephone, that number is much higher for younger adults.


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Gee, nobody saw this coming:
The manufacturer of White King “flushable” wipes has been fined A$700,000 because these are not, in fact, flushable. … So-called flushable wipes, now sold for everything from make-up removal to luxury toilet paper, are a growing hazard to public health. Sydney Water says 75% of all sewer blockages in the city’s waste-water system involve wipes.
Sydney Water has been complaining about wet-wipe induced fatbergs for years.


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Knoll and Villanova University School of Business Partner to Promote Activity SpacesProject Highlights Collaborative Spaces in Colleges and Universities
August 19, 2013
On August 1, 2013, students from the Villanova Summer Business Institute met with David Bright, Knoll Senior Vice President of Communications; Nicole Coughlin, Knoll Marketing Director of Activity Spaces; and Robert Waligunda, Knoll Marketing Director of Office Systems, to present original marketing and communications plans that position Knoll as a leading resource for Activity Spaces furniture in public and private colleges and universities.
Now in its second year, the partnership between Knoll and the Villanova School of Business is designed to hone students’ strategic business skills during the 5-week program.
This year, students were asked to develop and present a marketing and communications plan for Activity Spaces, a new collaborative planning paradigm from Knoll. Students conducted research on industry standards, interviewed architect and design professionals, including Kate Wendt and Eddi Barnett of Tsoi Kobus & Associates; Jan Edson of Edson Design; and Sue Kim of Cannon Design, and met with leading education specifiers to develop multi-dimensional communication plans and new product ideations.
The Villanova Summer Business Institute is specifically designed to help undergraduate non-business majors gain business competency by having students compete in cross-functional teams on a real-world defining project. The program is a mutually beneficial endeavor; students apply cross discipline skills on a real-world project and Knoll is presented with new and objective material.
Beginning on August 26, 2013 students who participated in the program can enter to win a ReGeneration by Knoll® desk chair by following Knoll and sharing a picture of their favorite activity spaces product on Instagram, Pinterest, Facebook or Twitter using the hashtag #KnollandVillanova.


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A-Z Home Medical Equipment held a grand opening May 7 for its new River Park location. The company opened March 1 at 7464 N. Blackstone Ave. after moving from its Kingsburg location.
The store specializes in selling quality medical equipment like lift chairs, power scooters, hospital beds and even sports tape, spokeswoman Gina Poynor said. She said the store doesn't accept insurance because it allows the company to price products lower than the manufacturers suggested retail price.
A-Z Medical Equipment is open Monday through Saturday from 10 a.m. to 8 p.m. and Sunday from noon to 6 p.m.


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CUPERTINO, CA--(Marketwired - Dec 8, 2016) - Stack, the technology leader behind the world's first responsive lighting solutions, today announced the beta launch of its Home Awareness service that notifies users of occupancy in their home while they are away. Home Awareness is available across the Stack product portfolio including the brand new Stack Classic bulbs, which started shipping to pre-order customers this week and are now available for purchase on the Stack website.
The new Home Awareness service enables users to receive occupancy alerts to their phone when their home is set to Away, as well as a House Sitting service that mimics occupancy patterns, turning Stack lights on and off throughout the day as if someone was home. Stack bulbs create a home monitoring system for renters and homeowners without expensive legacy security hardware and high monthly costs. A dashboard within the app also displays the time each room in your home was last occupied, and room icons will pulse on the app home screen in real-time while occupied.
In addition to the launch of Home Awareness, the Stack Classic bulb is now generally available for purchase and is currently shipping to pre-order customers. The Stack Classic is an A19 form factor that leverages Stack's proprietary Distributed Doppler Field technology. This unique technology, using active Radio Frequency (RF) motion sensors, which are similar to a mini radar array in each unit, allows the bulbs to detect motion through lamp shades and other common fixtures and sconces.
"With light bulbs being the most common electronic device in a building, it's only natural that lighting should become the backbone of a responsive sensor network for indoor spaces," said Neil Joseph, Founder & CEO of Stack. "Our new Home Awareness service provides users with a way of monitoring their home in a simple, non-invasive way, unlike a camera or cumbersome external sensors. The launch of the new Stack Classic allows for full-coverage in most homes and provides more granular data with RF sensors embedded in each bulb."
In line with their commitment to creating valuable services that benefit the lives of their users, Stack is also gaining recognition for their newly-announced Stack Care platform. Stack's solution for non-invasive activity monitoring that benefits elderly caregivers and families with seniors is currently being tested with beta customers and will be more generally available in early 2017. The Aging2.0 Alliance awarded Stack Care its coveted Global Startup Search award over hundreds of companies in October of this year.
Stack's innovative light bulbs are each equipped with embedded sensors, which enable the lights to dynamically react to ambient light and occupancy. Both the Classic and Downlight run on open IoT standards and help expand the capabilities of other compatible smart home devices including Amazon Echo and other Alexa-enabled devices, the Nest Learning Thermostat and devices working with IFTTT.
For more information on Home Awareness or to order your Stack Classic or Downlight bulbs products, please visit http://stacklighting.com.
Stack Labs, the leading innovator in next generation connected home and building technologies, seamlessly integrates sensors and lighting controls for better living. Stack has created the world's first responsive lighting platform that offers occupancy and ambient light sensing in addition to the comfort and safety of automated circadian lighting. For more information, please visit www.stacklighting.com or @stacklighting.


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CCTV boost for shopping parade
CCTV has been installed in a Chantry shopping parade in a bid to combat anti-social behaviour.Almost every night, gangs of youths loiter outside the shops in Lavender Hill and many customers find their presence intimidating.
CCTV has been installed in a Chantry shopping parade in a bid to combat anti-social behaviour.
Almost every night, gangs of youths loiter outside the shops in Lavender Hill and many customers find their presence intimidating.
Some youngsters are thought to be responsible for growing levels of crime and vandalism and it is hoped that the added security will deter them from gathering in the area.
Chantry Residents' Association began fundraising for the camera in November – business at their Community Shop was under threat and CCTV seemed like the only option.
Chairman John Haddock said: "There were a certain amount of problems with kids being a nuisance – they were stopping residents using the shop by pulling down shutters and causing vandalism.
"The police believed that CCTV would help so we approached local companies for funding but we kept getting turned down."
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The group asked county councillor Sue Thomas for help and she agreed to give £11,000 of her locality budget to the project.
As councillor for Chantry she has attended residents' association meetings and had already agreed to match any business funding with her budget.
She said: "It was unfortunate that they couldn't get the money from these companies – it is probably just that the groups asked are asked fairly often.
"Hopefully the camera will safeguard the community shops – I think it should improve the area enormously.
"I hope it will not move the problem elsewhere and will make people feel safer.
"Large numbers of youths can, whether intentional or not, be intimidating.
"Hopefully this will encourage youngsters to the local youth club."
Since posters have gone up advertising the arrival of CCTV, Peter has noticed an improvement in the area.
He added: "We are very pleased, congregation outside the shops has reduced and there has been a drop in vandalism – we think this is going to help."


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There was a 4.3% increase in the volume of retail sales during May 2018 compared to the same month last year, according to the latest figures from the Central Statistics Office.
Seasonally adjusted, the volume of retail sales increased by 0.1 per cent in the month of May, when adjusted seasonally. Excluding motor trades, there was an increase of 1.5% in the volume of retail sales in May in comparison to April, and there was an increase of 4.7% in the annual figure. The sectors that saw the largest increases in monthly volume were hardware, paints and glass which saw an increase of 8.9%, no doubt helped by the recovery in homebuilding activity. Sales of furniture and lighting are up 6 per cent on the year and electrical goods are up 8.3%. Department stores sales are up 6.4 per cent and non-specialised stores (including supermarkets) sales increased by 4.8 per cent.per cent. Books, newspapers and stationery also saw growth of 4.3 per cent.
There was an annual increase of 3.7 per cent when compared with May 2017 but a slight decrease of 0.4% in the value of retail sales in May when compared with April.
Irish consumer spending is set for “another solid increase”, driven by positive developments in the jobs market and household earnings according to analysis from the Davy Group.
“Once again the best performing sectors are those which suffered badly during the recession, big-ticket items and discretionary purchases, where spending is now bouncing back,” according to the group. “Looking forward, we expect Irish consumer spending to record 3.2 per cent growth in 2018 after the 1.9 per cent rise in 2017 and 3 per cent growth in 2019.”
Speaking to the Irish Times, Alan McQuaid, an economist with Merrion Stockbrokers, said retail sales “remain erratic” on a monthly basis and that while they are “still swinging back and forth”, the underlying trend is “positive”. “Even with the fluctuation in consumer sentiment, overall personal spending has been positive in the past couple of years, boosted by the increase in the numbers employed in the country,” he said.


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Vidar Gundersen, global sustainability director, at Danish feed feed manufacturer, BioMar spoke about how great it was to finally see the ASC feed standard being launched, after many years in development.
“We believe it will help drive the adoption of sustainable feeds across the aquaculture industry,” he told us.
A steering committee involving a diverse group of experts comprising feed producers, retailers, NGOs, farmers, and other stakeholders were involved in the standard's development phase. Addressing that aspect, Therese Log Bergjord, Skretting CEO, also weighed in on the development for us:
“The launch of the new ASC Feed Standard is good news for our industry. This is the result of a long process in which different stakeholders and experts worked together to raise the bar when it comes to addressing the most relevant environmental and social challenges and opportunities faced by aquaculture globally."
She believes it will support the aquaculture sector's goal of becoming an "even more transparent and sustainable" industry.
Feed mills under this standard must meet strict environmental and social requirements; source ingredients from socially responsible suppliers; and use environmentally responsible raw materials. Requirements on reporting of performance will also improve the transparency of the industry, reward environmental sustainability, and assist future research into responsible feed, said the ASC.
The standard now enters a 14-month trial like period, allowing auditors, feed manufacturers and their suppliers to familiarize themselves with it and prepare for certification. It will be effective from autumn 2022, at which point farms will then have 24 months to switch to ASC compliant feed in order to continue meeting the ASC farm standards.
Most aquafeed ingredients come from land-based agriculture
Following the Netflix film, Seaspiracy, there has been much debate about the impact of the marine ingredients used by fish farms, acknowledged the Council.
ASC’s feed standard makes clear that while certified mills must source increasing levels of environmentally sustainable ingredients, marine ingredients in fact make up a minority of feed ingredients, with around 75% of global aquafeed ingredients derived from agriculture – crops like soy, wheat and rice. These have their own impacts, notably deforestation and land conversion, which are often overlooked in debates about the industry, it said.
Chris Ninnes, CEO of ASC, said: “Aquaculture is already providing over half of the seafood consumed around the world, livelihoods to millions of people, and without it we will not be able to achieve food security for a growing global population with a low carbon footprint. But this positive impact will be undone unless the feed used by the industry is sourced responsibly. ASC has spent the last decade incentivizing producers to reduce the impacts of their farms, and now we’re spreading this approach to the wider supply chain.”
Marine ingredients play an important role providing vital nutrients to farmed fish, but like everything they must be used and sourced responsibly. Rather than driving substitution of one type of ingredient with another, the ASC feed standard recognizes that all ingredients – marine and agricultural – can have benefits as well as impacts, and must be addressed holistically, added Ninnes.
“We know many producers and feed manufacturers are already taking this issue seriously, and we want to reward them and incentivize others to follow suit to tackle what could be the biggest threat to the industry’s reputation.”
Feed mills will need to carry out due diligence
The feed standard takes the ASC’s approach to responsible aquaculture and extends it to the feed mills that manufacture aquafeed, as well as the suppliers of their ingredients, said the organization.
These mills will be the facilities audited against the standard, but they and farms will be given time to ensure their supply chains meet ASC requirements. The standard will also incentivize more feed mills to work towards certification to meet growing demand from ASC farms.
As well as environmental sustainability, mills must also ensure they and their suppliers are socially responsible. For instance, independent auditors must verify that mills are not using forced or child labor, pay and treat their staff fairly, and must not discriminate on any grounds. They must also be responsible neighbors, communicating proactively with their local communities.
Certified feed mills are required to conduct due diligence on their supply chains to adhere to these principles as well, ensuring an impact in areas where the risk of these issues are more prevalent. As a source of protein, aquaculture has one of the lowest carbon footprints, but it is important that the industry monitors and works to reduce its footprint along the entire supply chain, reported the Council.
Ultimately, the major volume of marine ingredients needs to be derived from MSC fisheries. For plant-based ingredients, as with marine based, mills will have to record and report all ingredients that make up over 1% of a feed and will need to take steps to ensure they have been responsibly sourced.
Crucially, they will have to assess the risk of a particular ingredient contributing towards deforestation or land conversion and must commit to transitioning to a supply chain free from these key negative impacts.
ASC will be providing additional documents for auditors and feed mills to provide clear guidance on how the standard should be implemented. It is also working with mills to ensure these documents are appropriate on the ground and looking at ways to make the audit process as efficient as possible.
In addition, said the ASC, guidance workshops will be held for stakeholders to learn more and ask questions.


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Thursday, January 29th, 2015
Monday, April 22, 2013
Construction starts on new Niskayuna Walmart
By Steven Cook
Construction on the new Walmart Neighborhood Market at Mansion Square in Niskayuna is under way, on target for an October opening....
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Crime stoppers shoplifting suspect arrested
A suspect with a familiar name found herself behind bars in Sarpy County. Chalonda Jenkins was arrested after a shoplifting incident.
Police say she altered price tags before buying products from the Ralph Lauren at Nebraska Crossing. The loss for the store was between $1,500 and $5,000.
WOWT 6 News covered that incident as a Crime Stoppers Alert. After sharing the surveillance footage, an arrest warrant was issued for Jenkins.
She was booked into jail. Jenkins is the ex-wife of death row inmate Nikko Jenkins recently sentenced to death for four counts of 1st degree murder.


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Twelve days after announcing its imminent merger with Kronos Inc., Ultimate Software kicked off its 2020 users conference with a concerted effort to assure customers any resulting changes would be good changes.
“I believe with everything in me that this is a merger like no other,” Kronos CEO Aron Ain, who will lead the combined company, told attendees during Tuesday morning’s keynote at Ultimate Connections 2020. “When did two organizations that are so similar in size—but more importantly, so similar in culture, in orientation about how they think about training their people and how they think about treating their customers—come together?”Ultimate Software's message at Connections: "UltiPro is here to stay and here to grow." @UltimateHCM @Kronos #HR #HRTech Click To Tweet
Ain positioned the merger as the combination of two companies with strong products, complimentary customer sets and exceptional cultures. As Ultimate founding CEO Scott Scherr and his successor, Adam Rogers, did in previous years, he stressed the importance of workplace culture to the company’s success, and said Kronos has a similar commitment.
“Great organizations are powered by great people. Great people produce better products and deliver better services. You have better outcomes,” he said. And while he shared no specifics, Ain indicated the new company viewed culture as a strategic tool. “Great people have choices about where they work, and if you don’t create an engaged environment for those people who want to stay, great people will do what they can do every day—which is go get another job,” he said.
As they have from the beginning, Ultimate, Kronos and Hellman & Friedman, the private equity firm that controls them both, positioned the merger as a growth strategy. “This is not a cost-savings story,” said Ain. The company plans to add “thousands of jobs … in the coming years because we’ll need thousands of people to meet the plans for the goals and ambitions we have.”
Kronos and Ultimate have said the new company will hire around 3,000 people over the next three years. However, at Connections some sources said they were told the actual number may be 6,000 over six years.
New Products, Not Necessarily Integration
What will all of those employees work on? More product, for one thing. Today the two companies spend a combined $500 million annually in product development, Ain said. That will increase by $350 million a year.
Ain soft pedaled the notion of integrating Kronos’s and Ultimate’s products, though he allowed that their technologies could be integrated at the database and application layers in “ways that make sense.” Saying he wanted to be “crystal clear,” he told the audience that “UltiPro isn’t only here to stay, but it’s here to grow and it’s here to improve.”
Together, Kronos and Ultimate Software will be a company with $3 billion in revenue, more than 12,000 employees world-wide, and an enterprise value of $22 billion.
Analysts say the merger is logical and plays to each company’s strengths. While there’s much discussion as to the precise thinking behind the move, there’s general agreement that Ultimate doesn’t have a particularly strong workforce management component, while Kronos isn’t known for its HCM solution. Together, the companies will offer a suite of tools that touches nearly every facet of workforce and human capital management.
The merger was announced just about a year after Hellman & Friedman took Ultimate private in an $11 billion transaction. (H&F acquired Kronos in 2007.) At the time, H&F declined to acknowledge whether it saw any synergies between the companies, saying only that Ultimate would “operate independently within H&F’s portfolio.”
Disclaimer: Ultimate Software is a sponsor of the HCM Technology Report.
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Image: Lynne Goldman


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It’s a story of high hopes, technical hurdles, and a rumor mill that’s spinning faster than an iPhone on Do Not Disturb mode. Let’s unravel this tech saga together, shall we?
1. Apple’s 5G Modem Dream: A Rocky Road Remember when Apple acquired the majority of Intel’s smartphone modem business back in 2019? It seemed like a clear signal: Apple was gearing up to break free from Qualcomm’s grip on its cellular tech. The goal? To develop its own in-house 5G modem and usher in a new era of wireless connectivity for iPhones, iPads, and perhaps even Apple Watches. But alas, the path to innovation is often paved with unexpected challenges.
2. Delays, Delays, and More Delays The journey of Apple’s in-house 5G modem has been anything but smooth. Originally aimed for a grand debut in 2023, the project has faced numerous delays. Reports suggested that the modem wouldn’t be ready until at least 2026, three years behind schedule. Imagine waiting for your favorite show’s new season, only to find out it’s been pushed back again and again!
3. Rumor Has It: Project on the Brink Now, here’s where the plot thickens. A recent rumor, originating from sources in Asia and amplified by the likes of yeux1122 on Naver and @Tech_Reve, suggests that Apple might be throwing in the towel on its 5G modem ambitions. The word on the street is that Apple is winding down its investment in the project after hitting several roadblocks.
4. Technical Troubles Galore It’s not just about missing deadlines. Apple’s foray into 5G modem development has reportedly been plagued by unrealistic goals, a shaky understanding of the technical challenges, and prototypes that just didn’t cut the mustard. The company’s ambitious plan involved hiring thousands of engineers, including many from Intel and Qualcomm, but it seems even this brain trust couldn’t steer the project to success.
5. Qualcomm: The Safety Net Despite its aspirations, Apple has been reliant on Qualcomm for its 5G modems. Qualcomm even announced in September that it would continue to supply Snapdragon 5G modems for iPhones through at least 2026. So, while Apple’s been trying to build its own modem castle, Qualcomm’s been the sturdy bridge it couldn’t burn just yet.
6. The Cost of Cutting Ties Apple’s eagerness to develop its own 5G modem wasn’t just about technological control. It was also a financial play. Apple had a rocky relationship with Qualcomm, including a lawsuit over alleged anticompetitive practices and unpaid royalty rebates. Developing its own modem was seen as a way to escape these costly entanglements and gain more control over its product ecosystem.
7. What’s Next for Apple’s Wireless Ambitions? As the rumor mill churns, the future of Apple’s in-house 5G modem remains uncertain. Will Apple push through the challenges and eventually unveil its own modem, or will it continue its partnership with Qualcomm for the foreseeable future? Only time will tell.
In the world of tech, the journey from concept to creation is often filled with twists, turns, and the occasional speed bump. Apple’s quest to develop its own 5G modem is a testament to this adventurous spirit. Whether this project reaches fruition or fades into the annals of tech history, it’s a reminder that in the realm of innovation, not every apple falls close to the tree.


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Revenge travel sounds like the plot of a superhero movie.
The protagonist is gravely wronged by a powerful villain, channels their anger and bitterness into an elaborate plan to seek revenge, and an epic battle ensues in which justice ultimately prevails. But instead of a superhero it's the average consumer, instead of a battle, it's making travel plans, and instead of a powerful villain, it's a deadly global virus.
After years of staying in, people are eager to get back out into the world and travel. But for many, travel plans have the added purpose of sticking it to the virus that has taken millions of lives, mangled global economies, deepened political divides, and caused a mental health crisis.
For a disease that cruelly imposes social isolation, travel seems like the best way to get revenge.
What is revenge travel?
Revenge travel is a term that means traveling as a way of making up for lost time during the pandemic. There isn't one concrete definition or origin, but it generally refers to the frustration and anger that people felt towards COVID-19 for cancelling their plans and disrupting their lives.
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The term started as a prediction in 2020 about how people would respond when it became safer to travel, but that prediction has fully come true. According to a survey conducted in May 2022 by the American Society of Travel Advisors, travel is surging.
Despite economic pressures, people are spending more money on travel over things like home improvement, technology, and sporting equipment (sorry Peloton). The same report says two thirds of people plan to travel before the year's end.
And the revenge travel trend isn't just isolated to the U.S. or certain regions. 49 percent of survey participants are "very eager to travel internationally without hesitation." Top international destinations are Western Europe followed by the Caribbean.
Domestically, 85 percent of Americans are planning to travel this summer, and travel spending is close to pre-pandemic numbers.
Why is revenge travel surging now?
Simply put, travel restrictions are easing all over the world. The CDC no longer requires masks on public transportation, and the U.S. recently lifted mandatory COVID-19 testing for incoming international travelers. The majority of countries in Europe have lifted all or most of their restrictions.
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Despite the fact that highly transmissible strains of COVID are still raging, experts are saying it's safer to travel now if you take precautions.
The added costs of seeking revenge on 'rona
Alongside travel demand, prices are surging too. With factors like inflation, labor shortages, and gas prices, it's gonna cost you to book that revenge vacation. The aforementioned factors have also thrown a wrench into ease of travel. Delays and cancellations have been on the rise, and the sudden influx of travelers is causing long lines at airports and other slowdowns.
But what's a little wait at the airport compared to years of pandemic-induced solitude? If you got through that, you might be willing to stick it out a little longer. The revenge will only get sweeter with time.


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Have you ever wondered where cars go to die? Well, usually they’re used for scrap metal. However, there are some cars that meet an early death in vehicle graveyards or where old cars are kept to be treasured for years to come. Some, however, have more nefarious stories behind them.
Check out the gallery below of the most fascinating car graveyards:
At the Dubai and Abu Dhabi airports, expensive luxury cars are being dumped and abandoned by the hundreds. Officials think that most of these cars are owned by expats who can no longer afford payments on the cars so they flee the country. Under Sharia law, the failure to pay a debt is a criminal offense – there are no protections against bankruptcy. In some cases, foreigners have been barred from leaving the country for offenses like missing a credit card payment or bouncing a check.


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Uber has mentioned Australia will change into the primary worldwide marketplace for its flying taxi service Uber Air.
The agency has chosen Melbourne because the third pilot metropolis for its air taxi programme, becoming a member of Dallas and Los Angeles.
Take a look at flights are resulting from begin from 2020, with the purpose of launching industrial operations from 2023.
A number of corporations are growing flying taxis as a future mode of transportation.
Uber mentioned elevated air mobility would assist ease site visitors congestion in cities.
“As main cities develop, the heavy reliance on personal automotive possession is not going to be sustainable,” mentioned Eric Allison, world head of the agency’s aviation division Uber Elevate.
“Uber Air holds monumental potential to assist scale back street congestion.”
He mentioned the 19 kilometre journey from Melbourne’s central enterprise district to the airport would take some 10 minutes with Uber Air, down from as much as an hour by automotive.
- Uber to open Paris lab for flying taxis
- Uber posts $1bn loss weeks after flotation
- Dubai tests drone taxi service
Uber is working with Nasa and the US Military on its flying taxis and has two plane producers – Embraer and Pipistrel Plane – additionally on board. Final yr, the corporate mentioned it would open a laboratory in Paris to develop flying taxis.
It comes at a testing time for Uber following a disappointing stock market debut last month.
Uber’s first earnings report confirmed the US agency posted a $1bn (£790m) loss, because it confronted robust competitors in its ride-hailing enterprise, and incurred further prices associated to its Uber Eats supply service.
Uber will not be the one firm experimenting with flying taxis, paying homage to the mode of transport within the American cartoon “The Jetsons”.
Tech corporations are competing to develop the primary viable passenger-carrying sky taxis, whereas Airbus and a range of start-ups have also been testing self-flying taxis.
Dubai carried out its first check of a drone taxi service in 2017.
Individually, a agency funded by Google founder Larry Web page has unveiled an electric, self-flying air taxi that may journey at as much as 180 km/h (110mph).


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The battle over Fortnite is heating up as Apple lays out its criticisms against Epic Games in their latest counter-suit, raising the stakes in the fight and showing that they’re willing to go on the offensive in this fight. Apple is now accusing Epic of misleading the public and intentionally harming Apple’s business.
Apple’s latest statement against Epic Games
In their latest statement Apple said
“Epic’s lawsuit is nothing more than a basic disagreement over money… Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multi-billion dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store.”
In this way, Apple frames their fight as simply another way of settling a business dispute while also taking aim at Tim Sweeney’s carefully crafted public image. They also frame their store as a service and not as a market, effectively sidestepping the main criticism against them. Their statement continued, saying
“Unbeknownst to Apple, Epic had been busy enlisting a legion of lawyers, publicists, and technicians to orchestrate a sneak assault on the App Store. Shortly after 2:00 a.m. on August 13, 2020, the morning on which Epic would activate its hidden commission-theft functionality, Mr. Sweeney again emailed Apple executives, declaring that ‘Epic will no longer adhere to Apple’s payment processing restrictions.’”
How Apple frames their fight over Fortnite
It’s noteworthy that Apple emphasizes certain aspects of this event, specifically the supposed surprise and innocence of Apple’s executives as to the nature of Epic’s dispute. They also call the newly implemented feature in Fortnite, which allowed players to purchase V-Bucks directly through Fortnite instead of using an Apple service, as “theft.”
We should ask whether or not theft is an accurate description of the events in question. If someone sells a product directly to a consumer, as Epic did with the digital currency in Fortnite, can that be considered stealing money from a distributor or other kind of middleman?
Fortnite followers should be skeptical
It is in both companies’ best interest to exaggerate the damage done by their opponents (while likewise downplaying that damage to investors and shareholders), and so the truth will likely remain shrouded and cloudy for the duration of this lawsuit. Will Fortnite being banned act as a harbinger for corporate trampling of free market values? Does Epic Games’ business backstabbing undermine the very notion of free trade?
Perhaps the best way to keep track of all of this is with a healthy dose of skepticism. It should be understood that both Epic and Apple care a great deal about their public image, and that while Fortnite users might care about Fortnite and where they can play it, they probably don’t have as much to gain (or lose) in this fight as Apple or Epic want them to believe.Published 09 Sep 2020, 01:19 IST


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After an uncertain start in the 1990s, the American tradition of Halloween celebrations on October 31 has caught on in Norway. Stores now feature Halloween items and pumpkins, and one local grower who invested in pumpkin production is enjoying fairly big business.
“When we started getting into pumpkins in 2000, there was hardly any gresskar (pumpkin, in Norwegian) production to speak of in the country,” Erik Rosnes of Finstad Gårdsdrift in Sande told newspaper Aftenposten. “This year it will amount to a thousand tons.”
Finstad delivers around 20 percent of the pumpkins sold in Norway and it’s a short season, mostly ending on the day after Halloween. Coop Norge reported that its sales have tripled since the grocery store chain started selling pumpkins in 2002, with Paul Westby of the NorgesGruppen chain telling Aftenposten that sales have “taken off” in the past few years.
From being a largely unknown holiday in Norway just over a decade ago, it’s now more common for households to have a carved pumpkin outside their doors and for children to dress in costumes and go trick-or-treating (called knask eller knep in Norwegian).
Grown-ups have seized upon the Halloween fad, too, seeing it as an excuse to dress in costume and have a party. The parties are often held on the weekends before or after October 31, prolonging the season a bit for the retailers.


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European Postal Services – Amsterdam
Hotel Okura, 23rd, 24th & 25th March 2009
Elsag Datamat will be sponsoring the 12th annual conference European Postal Services organized by the Institute of Economic Affairs and Marketforce. In the face of increased competition, diminishing mail volumes and economic uncertainty, postal operators must embrace change and innovation to ensure a sustainable future for the industry.
The conference will explore in depth critical business themes such as transformation, modernisation and profitability - essential factors for success as competition intensifies.
On Monday 23rd, Elsag Datamat will present “Key factors for improved quality and performance in mail processing” focusing on technological advances and sequencing capabilities.
More information about the event at www.marketforce.eu.com/eupost/


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Express Scripts (NASDAQ:ESRX)‘s stock had its “buy” rating reissued by equities researchers at Cowen in a report issued on Friday. They currently have a $88.00 target price on the stock. Cowen’s price objective suggests a potential downside of 9.03% from the company’s previous close.
Several other brokerages also recently commented on ESRX. Royal Bank of Canada set a $101.00 target price on Express Scripts and gave the company a “buy” rating in a research note on Thursday. Barclays increased their target price on Express Scripts from $83.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday. Maxim Group reiterated a “hold” rating on shares of Express Scripts in a research note on Thursday. Leerink Swann set a $100.00 target price on Express Scripts and gave the company a “hold” rating in a research note on Thursday. Finally, Credit Suisse Group downgraded Express Scripts from an “outperform” rating to a “neutral” rating and increased their target price for the company from $90.00 to $96.50 in a research note on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Express Scripts has an average rating of “Hold” and a consensus target price of $88.73.
Shares of ESRX opened at $96.74 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. Express Scripts has a 12 month low of $59.17 and a 12 month high of $98.98. The firm has a market cap of $53.64 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01.
Express Scripts (NASDAQ:ESRX) last issued its earnings results on Wednesday, October 31st. The company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.42 by $0.01. Express Scripts had a return on equity of 25.49% and a net margin of 4.65%. The business had revenue of $25.56 billion for the quarter, compared to the consensus estimate of $25.11 billion. During the same period last year, the business posted $2.51 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that Express Scripts will post 9.07 earnings per share for the current year.
In other news, insider Christine Houston sold 12,898 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $85.00, for a total value of $1,096,330.00. Following the transaction, the insider now directly owns 110,908 shares in the company, valued at approximately $9,427,180. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ESRX. Abrams Capital Management L.P. purchased a new position in shares of Express Scripts in the 2nd quarter worth $204,846,000. Canada Pension Plan Investment Board lifted its position in Express Scripts by 124.5% during the second quarter. Canada Pension Plan Investment Board now owns 1,971,200 shares of the company’s stock valued at $152,196,000 after purchasing an additional 1,093,200 shares in the last quarter. FMR LLC lifted its position in Express Scripts by 117.6% during the second quarter. FMR LLC now owns 1,419,840 shares of the company’s stock valued at $109,626,000 after purchasing an additional 767,426 shares in the last quarter. Bank of Montreal Can purchased a new position in Express Scripts during the second quarter valued at $54,695,000. Finally, BlackRock Inc. lifted its position in Express Scripts by 1.5% during the second quarter. BlackRock Inc. now owns 35,424,185 shares of the company’s stock valued at $2,735,103,000 after purchasing an additional 538,578 shares in the last quarter. Hedge funds and other institutional investors own 84.74% of the company’s stock.
About Express Scripts
Express Scripts Holding Company operates as a pharmacy benefit management (PBM) company in the United States and Canada. The company's PBM segment offers clinical solutions; and specialized pharmacy care, home delivery and specialty pharmacy, retail network pharmacy administration, benefit design consultation, drug utilization review, drug formulary management, public exchange, administration of group purchasing organization, and digital consumer health and drug information services.
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Another interesting antiquities case involving a free port, Geneva and some anonymous players on the international antiquities market:
Swiss seize artefacts looted from Syria's Palmyra, stashed at free ports' Straits Times 2/12/16)No mention w2as made of the arrest and charging of the owner of the store in which these items were found. He may well have waved his claim to the items, to prevent the case being tried.
Of course all these items have come from areas which are conflict zones today, but were in fact smuggled before those conflicts began, showing that those making money from conflict antiquities are most likely cashing in on pre-existing trade connections. .
Here we see how the so-called "legitimate trade' works. Items are smuggled out of the source countries to a 'laundering' location (here Qatar), where they may either be stashed, or got rid of quickly to a third country to lie in store, for (perhaps) a decade or more before releasing them on the market confident of the dispersion meantime of any document trail (invoices for transactions in the source countries, shipping invoices and customs documentation for the smuggled cargo from the source country to Qatar, invoices for transactions in Qatar, shipping invoices and customs documentation for the journey from Qatar to Geneva). That way the authorities have a warehouseful of undocumented artefacts ('innocent until proven guilty' shout the dealers' lobbyists knowing full well why the paper trail is cold) masquerading as 'old collection' leftovers which 'just happens to have lost any associated documentation before I bought it".* Forfeiting this is difficult enough, trying to follow back a cold paper trail to get the other people involved in the chain is next to impossible for them when all the paperwork will be buried ten years or more deep in some customs/shipping office's archives (if saved at all). In any case, if after years of work enough documentation is assembled to show how the items travelled across half a continent and who was involved, the statute of limitations will most likely apply. As the so-called "legitimate" dealers know full well.
THIS is why many so-called "legitimate" dealers cannot supply the paperwork to show that the material they handle is in any way licit (apart from that dubious category of 'They-Can't-Touch-You-For-It-legality', which is not at all the same as either legal or licit, and certainly has nothing to do with truly ethical and responsible business methods).
And from the shopfront of a "reputable dealer" in Geneva, the newly-surfaced but paperless antiquities can easily end up in the shop of any one of the dealers in the US, Europe or further afield that is willing to take items like this no-questions-asked, and employ lobbyists to argue for maintaining their 'right' to do that if they so please (and find it profitable). Shame on the lot of them.
Dealers challenge the outside world to show where the artefacts looted from holes all over the MENA region are, claiming again 'innocent until proven guilty'. I would say that as more and more of these 'grandfathered' stashes of antiquities laid-aside to 'mature' come to light, it will become increasingly clear that it is to members of the antiquities dealing world, including some masquerading as responsible (reputable) and 'legitimate' dealers, that this question should be addressed.
*So don't buy!
Vignette: Antiquities laundering in progress


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Is this MG's UK comeback car?
* Roewe 550 unveiled in China * Company officials eye European return * Car could be built at iconic Longbridge site...
This is the car that will return the MG brand to the UK, according to company officials.
Called the Roewe 550, the small family car was launched at this week's Bejing motor show by the Shanghai Automotive Industry Corporation (SAIC), which now owns MG.
MG was bought by Chinese car manufacturer Nanjing Automotive in 2005, but this in turn was bought by SAIC at the end of last year.
The Roewe 550 was designed in Britain by ex-MG Rover engineers and is based on the Rover 75 platform.
The car is powered by a turbocharged 1.8-litre petrol engine and is scheduled to go on sale in China next month.
However, company insiders have revealed that the European version of the car would be more aggressively styled and have a greater engine line-up. It wouldn't be available until 2010 at the earliest.
Reports suggest that as well as going on sale in the UK, the car could also be built at the old MG plant at Longbridge. However, sites in Germany and Austria are also said to be under consideration.
The Longbridge site has had 39 million invested in it since it was sold to its Chinese owners, and is due to begin a limited production of MG TFs within the next six months.


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Propy Launches A “Learn-and-Earn” Program and an NFT Marketplace
Platform enables users to earn PRO tokens by participating in educational and transactional activities, such as submitting offers and closing real estate deals on the Propy Platform.
November 09, 2021 11:27 AM Eastern Standard Time
SAN FRANCISCO–(BUSINESS WIRE)–Propy, the premier real estate transaction platform on blockchain, announced that users will be rewarded with PRO tokens to engage them in a variety of educational and transactional activities across its desktop and new iOS-based app.
“I’m excited about this new program that will enable users to earn tokens simply by doing real estate transactions on blockchain − submitting offers, closing deals, inviting participants to a transparent tracking flow − and learning about cryptocurrency, blockchain and NFTs”
Both the new iOS app and desktop versions will process three types of residential transactions: traditional ones with dollar payments, crypto payments, and NFT transactions.
The company, which recently announced that it can now accept digital earnest money transfers for traditional dollar deals and made the first ever NFT in real estate this year, continues to offer innovative solutions that make it easier and faster for consumers and agents to transact real estate traditionally with wire payment methods, as well as transactions with cryptocurrency, or NFT transactions. Distribution of tokens are governed in a decentralized manner by the Crypto Real Estate Alliance.
“I’m excited about this new program that will enable users to earn tokens simply by doing real estate transactions on blockchain − submitting offers, closing deals, inviting participants to a transparent tracking flow − and learning about cryptocurrency, blockchain and NFTs,” says Natalia Karayaneva, CEO.
“The new iOS app provides additional ways for real estate professionals in the US to participate in the innovation. They effectively are becoming the “blockchain miners” of the industry,” she adds.
While any real estate agent can earn tokens by downloading the app and participating in educational programs, additional benefits such as an NFT Marketplace, integrated escrow and title services, and referral opportunities will be available to those who participate in Propy’s “invite-only” Transparent Agent Program. Buyers and sellers can use it for transactions in the US as well.
Agents interested in the PRO Token Learn and Earn Program should sign-up for the waitlist here.
Propy is a leading innovator in the real estate industry, automating transactions. Propy makes property purchase transactions easier by bringing agents and consumers together in a secure environment. Propy Offers help agents and consumers win offers; and the Propy Consumer Transparent Platform enables agents, and consumers to easily manage all phases of a sale online. Conveyance, wire or crypto payments and deeds are processed on the immutable blockchain. The company has assisted in thousands of real estate transfers and completed over $2 billion worth of transactions. Learn more at Propy.com
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Jan 23, 2015
Deutsche Post to create thousands of jobs on lower pay
Jan 23, 2015
BONN, Germany - Deutsche Post is expanding its DHL parcel business in Germany, but new workers will have to accept lower wages than the group's other employees as the postal and logistics group tries to compete in a rapidly growing industry.
The company plans to create 10,000 new jobs at the parcel business by 2020, a figure which could rise to around 20,000 by 2025, it said on Thursday.
The additional jobs will offer pay based on collective wage agreements for the logistics sector, rather than Deutsche Post's more generous in-house agreement, putting the company on collision course with workers' representatives.
"Parcel delivery is not sustainable under existing wage agreements, the competitive disadvantage is not viable," management board member Juergen Gerdes told Reuters in an interview.
Deutsche Post has in the past said personnel costs at its parcel delivery business were about twice as high as those of competitors. Gerdes said attempts to achieve an agreement with union Verdi on more "market-adjusted" wages have so far failed.
"If we don't act, the future of the division will be at risk," he said.
Union Verdi criticised the plans as being designed to side-step existing pay agreements.
Like other former postal service monopolies in Europe, Deutsche Post is seeing its traditional letter business dwindle while deliveries of parcels are rising thanks to online retailing.
However, the parcels sector in Europe, in which UPS, TNT and UK Mail are also active, is seeing increased competition, with online retailer Amazon.com also carrying out more of its own deliveries.
Another former monopoly, Britain's Royal Mail has warned of slowing growth in the UK parcels market and on Thursday reported letter volumes down 3 percent in the first nine months of its financial year.
Deutsche Post is not the only company to make use of lower logistics pay deals in Germany.
Amazon has seen repeated strike action by warehouse workers in Germany as Verdi pressures the U.S. company to pay workers according to mail order and retail sector collective pay deals rather than those in the logistics sector.
© Thomson Reuters 2022 All rights reserved.


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Frasers Property UK has announced 16,800 sq ft of lettings at its Chineham Park scheme in Basingstoke.
Conair Group Ltd (Babyliss) has relocated from Fleet to take 8,300 sq ft on a 10-year lease at the refurbished Maplewood building.
Logistics firm Kuhne+Nagel, has taken 6,200 sq ft at 100 Cedarwood on a five-year lease.
Print company Antalis has taken 2,300 sq ft. on a five-year lease in the Spindlewood building, relocating from just outside Basingstoke town centre.
A new co-working and meeting space called The Exchange has also opened at Chineham Park.
Rupert Batho, commercial director at Frasers Property UK, said: “The leasing momentum at Chineham Park has been picking up steadily, driven by greater demand from technology and consumer sectors.
“Over the past year, there has been much debate about the future of the office. As we emerge from the UK’s third lockdown, it is especially pleasing that our sense of purpose is being recognised by so many companies – the concentration on their people completely aligns with our focus on inspiring experiences and creating places for good.”
Agents at Chineham Park are CBRE and Hollis Hockley. Kuehne + Nagel was represented by Clews & Co, while Antalis was represented by SBH.
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive your free weekly Thames Tap newsletter here.


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We’ve finally gotten our hands on the Kauppalehti Optio, which has an extensive interview with Marko Ahtisaari, the Executive VP of Design at Nokia. The article talks in detail about Ahtisaari’s past, but also discusses his work to a great extent. Earlier today Reuters came out with a story that Nokia is working on a tablet device, but that’s just half the story.
Regarding the tablet, Ahtisaari disclosed “we’re on it”. To the question if the date of launch is near, he only said that it will happen once the device is ready. This is change in Nokia’s communication and announcements that is closer to Apple. Apple only announces new devices once they are available for purchase (or available in a couple of weeks, like in the case of the new iPad).
But the second part of the story was that Nokia is also working on trying to take back superiority in how the devices are controlled. When touch devices became common, Nokia rushed into the race but many considered Apple to be the industry benchmark.
Ahtisaari talks in the Kauppalehti Optio article that he has a personal goal of getting people to lift their heads up from the devices.
“It is a breakthrough”, he commented in the article.
Again, on how far exactly the company is with the new method of controlling your phone he repeated “we’re on it”. He went to explain that “the work is hard as the industry is changing all the time”. However, he did disclose that speech does have a role in all this.
Image by Matt Biddulph.


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The artist gives us glimpse inside his gym bag before heading to Art Basel Miami.
With Art Basel kicking off this week, trendsetters' and tastemakers' eyes are all fixed on Miami, and few artists have made more of an impact in previous festivals than Richard Phillips. Both artistically talented and media savvy, Phillips' paintings have been featured on the set of Gossip Girl—you may remember the kaleidoscope headshot in the Van Der Woodsen apartment—and his work features celeb faces from Justin Timberlake to Lindsay Lohan. He has new paintings currently showing at Matthew Gallery in NYC through the end of 2015, and Phillips is set to debut a special edition print with high-end men's underwear brand THE EIGHTH at Art Basel Miami. A launch event at The Websterwill premiere the two new exclusive styles. We spoke with Phillips, a fitness and lifestyle connoisseur, about his favorite products he packs in his gym bag.


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In order to meet the growing customer demand in Italy, Amazon has announced the construction of a new fulfillment center in Vercelli, in the Piedmont Region. The center will become the heart of Amazon's delivery network in the northwestern part of Italy.
By the fall of 2017, to meet the increasing demands of Italian and other European customers, Amazon will increase to three fulfillment centers in Italy, with both Vercelli and the recently announced fulfillment center in Passo Corese (RI) operating, alongside the existing site in Castel San Giovanni. Amazon will invest €65 million in the new 100,000 mq facility, which will also be a significant driver of economic development for the local area. Amazon plans to create up to 600 new jobs within three years from the launch.
Roy Perticucci, Amazon Vice-President Operations Europe, said “Vercelli represents another important development for our growth strategy in Italy, following a steady and progressive increase in customer demand. The 600 jobs planned for Vercelli will add to the existing 1,200 permanent jobs at our fulfillment center in Castel San Giovanni and to the planned 1,200 in the Passo Corese hub. This new facility will be integrated within the Amazon network, which includes 31 fulfillment centers in seven European countries, that allow us to fulfill our commitment to fast and reliable deliveries for Italian and European customers. I believe this investment will benefit both customers and the local economy, generating new jobs and providing small and medium sized Italian businesses who use our Marketplace service with an opportunity to easily access millions of customers across Europe”.
Maura Forte, Mayor of Vercelli, said: “We are pleased to welcome Amazon to Vercelli. The new facility and the new jobs it will create fits well with our goal of embracing economic opportunities that grow our local economy. In addition to the positive economic impact, we are aware that Amazon is a strategic partner also involved in local communities.”
Sergio Chiamparino, President of the Piedmont Region, said: “Amazon’s new fulfillment center in Vercelli represents a substantial investment in our region which will create hundreds of new jobs. From our side, we will cooperate with Amazon in order to create and maintain a strong business climate that will also allow local businesses to innovate and expand.”
The new Vercelli fulfillment center, along with the existing ones, will allow Amazon to handle current and future demand, both in Italy, where a growing number of families choose Amazon.it for their purchases, and across the rest of Europe.
As the Amazon European fulfilment network grows, so does the opportunity for small businesses to reach potential customers. The Amazon marketplace is the largest and most commonly utilized marketplace on the web, giving small and medium-sized Italian businesses the chance to exponentially widen their online presence. Their products can be seen by customers on 14 different Amazon websites covering 10 languages, serviced by more than 100 fulfillment centers worldwide with the potential of reaching over 300 million customers in every corner of the globe.
The new fulfillment center is planned to start operations in fall 2017. New job positions will soon be available on amazon.jobs. Amazon employees’ salary is in the higher range for the logistic sector, including benefits such as employees discount on Amazon.it, private health insurance and private medical care. Amazon also offers innovative benefits such as Career Choice which pays up to 95% of tuition and books for education courses for four years.


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German Inflation At 4-month Low
Germany’s consumer price inflation eased to its lowest level in four months in March, led by a fall in energy prices, preliminary figures from Destatis showed on Monday.
The consumer price index rose 1.4 percent year-on-year after a 1.7 percent increase in each of the previous two months.
The latest inflation rate was the lowest since November, when it was 1.1 percent.
Energy prices fell 0.9 percent year-on-year after a 2 percent rise in February. This was the first fall since December.
Food inflation accelerated to 3.7 percent from 3.3 percent. Services charges rose 1.4 percent after a 1.6 percent climb in the previous month.
The harmonized index of consumer prices, or HICP, rose 1.3 percent year-on-year in March after a 1.7 percent increase in February. That was the lowest since November, when it was 1.2 percent.
Both the CPI and the HICP edged up 0.1 percent each from the previous month.
The statistical office assured good data quality pointing out that data collection for consumer price production was affected only marginally by the coronavirus pandemic in March 2020, except for some regional bottlenecks, as prices are generally collected over a minimum period of one week around mid-month.
Destatis is set to release the final results for March April 16.


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Update on inflation in Canada
Welcome to the Globe live blog for the release of July inflation figures.
Canada’s annual inflation rate reached 3.3 percent in July.
The August 2023 inflation report will be released today at 8:30 a.m. ET.
Find updates from our journalists below.
A look at markets ahead of August inflation report
Canadian investors will know August inflation before trading begins, with economists expecting increased price pressures, partly due to rising energy costs. In July, the annual inflation rate rose to 3.3 percent from 2.8 percent in June. June marked the first time the annual inflation rate fell within the Bank of Canada’s target range for the first time since March 2021.
“Canadian inflation is poised to accelerate for a second straight month after hitting a two-year low in June,” Robert Kavcic, senior economist at BMO, said in a note.
“Our call would send the annual rate up six ticks to 3.9 percent, a four-month high,” he said. “The Bank of Canada’s core inflation indicators are expected to remain roughly stable in August… Overall, this report will keep the Bank of Canada on alert for rising inflation expectations and will do nothing to dissuade the belief that underlying price pressures will take time to ease. .”
Find out what else investors can expect today.
Inflation report to be released today
Economists expect inflation to accelerate again to around 4 percent last month, reversing earlier progress as gasoline prices pushed inflation higher.
Statistics Canada’s August report on the consumer price index, due to be released Tuesday, is expected to show the annual inflation rate rose for a second straight month.
Canada’s inflation rate fell to 2.8 percent in June, falling within the Bank of Canada’s 1 percent to 3 percent target range for the first time since March 2021. Celebrations linked to the Reaching this benchmark were, however, short-lived as inflation ticked over the following month.
The Bank of Canada has left the door open to further rate hikes, in part because it expects it will take some time to bring inflation back to 2 percent. But economists say the recent slowdown in the economy will likely convince the central bank to stay away.
– The Canadian Press
The Globe and Mail App


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After exiting bankruptcy last summer, Spyker will reportedly debut an electric vehicle concept at the 2016 Geneva Motor Show in March.
The Dutch specialty automaker was officially bankrupt in late 2014, but successfully exited moratorium last summer which resulted in a merger with Portland, Oregon-based electric aircraft manufacturer Volta Volare. The two companies announced they would be jointly developing electrified powertrains, hinting that Spyker’s next vehicle would be an EV.
Autovisie recently interviewed Spyker founder and CEO Victor Mueller and Mueller said that the automaker would show something at the 2016 Geneva Motor Show but stopped short of confirming a concept car.
SEE ALSO: Spyker Officially Bankrupt
Expect the concept to take the form of a sports car, which is what Spyker specializes in. The unknown is whether Spyker has developed an all-new vehicle from the ground up to be an EV, or if the company will equip the B6 Venator (seen above) with an all-electric powertrain. Considering Spyker’s low-volume production numbers, expect the concept to preview a production model since the company needs to start selling cars again.
[Source: De Telegraaf Autovisie]
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American YouTuber and professional boxer Jake Paul sells the brutal knockout of former NBA star Nate Robinson as a $ 10 million token on the newly launched Triller platform.
While the NFT craze has brought six-digit and even seven-digit price tags to some NBA Top Shot collections and CryptoPunks, Paul has so far failed to attract buyers.
The highest bid for the Internet personality’s NFT is currently at a modest $ 10,455.
The bidding window will close on April 17, when Paul will have his much-anticipated fight with former MMA champion and vocal Bitcoin advocate Ben Askren.
Paul made his debut in professional boxing against fellow YouTuber AnEsonGib in January 2020.
NFT hype is dying
So far, there is still a week for someone to pay $ 10 million for Paul’s NFT.
The average price of an NFT fell over 70 percent from its February peak.
Mike Winkelmann, a digital artist known as “Beeple,” who fueled the craze with $ 69 million in Christie’s sales, admitted that NFTs could be in a bubble:
To be honest, I definitely think it’s a bubble. I am going back to the analogy of the beginning of the internet. There was a balloon. And the bubble burst.


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New York should change its marijuana tax plan and speed up the licensing process for new businesses, according to an influential trade group representing members of the state’s cannabis industry.
The New York Growers and Processors Association released a six-point legislative agenda Wednesday (Jan. 26) morning. That comes as the 2022 State Legislature session gets underway.
The group’s president, Allan Gandelman, said the state’s current plan to tax marijuana based on THC potency and slow-rolling licensing would harm small businesses, and could undermine the state’s burgeoning legal adult-use marijuana market.
NYCGPA lists the state potency tax as a major concern. New York’s legalization law stipulates cannabis flower will be taxed at a rate of five-tenths of 1 cent per milligram of the amount of total THC, concentrates at eight-tenths of 1 cent per milligram and edibles at 3 cents per milligram.
“It’s just going to create a compliance nightmare for any small business,” said Gandelman, who added that the standard would require an amount of testing that’s financially unrealistic for smaller operators.
Additionally, such a tax could inflate marijuana prices to a point where customers would rather buy on the illegal market, Gandleman said.
The group is also promoting provisional or conditional licenses for small to mid-sized New York businesses, so that these operators can start operations as soon as possible. The state Office of Cannabis Management is currently working on a timetable that might not offer licenses until late this year or sometime in 2023.
State Sen. Jeremy Cooney in July proposed legislation to create provisional licenses allowing farmers to plant, harvest, and sell cannabis to retailers ahead of the OCM’s licensing timetable. State Sen. Michelle Hinchey on Tuesday filed a bill that would create conditional licenses for adult-use cannabis cultivators and processors.
“The way we envision them doing that is either giving out either conditional or provisional licenses for this year’s growing season,” Gandelman said.
Such licenses would help create supply for licensed retailers without giving a head-start to large multi-state operators currently selling cannabis on New York’s medical marijuana program, Gandelman said.
In an editorial board with Syracuse.com this week, Gov. Kathy Hochul said she couldn’t guarantee the state will license cannabis businesses this year.
In addition to the potency tax and provisional/conditional licensing, NYCGPA identified as important legislative issues: allowing cannabis companies to deduct standard expenses on state taxes, allowing processors to produce both THC and hemp on the same license and defining cannabis as an agricultural crop.
Gandelman said he thinks state officials are taking NYCGPA’s concerns seriously, and seem to be on the same page.
“I really think that our agenda is lining up with what New York State and the Office of Cannabis Management is doing,” he said.
More New York state cannabis / marijuana news:
Rise of the farmers: Small NY group becomes cannabis power player
Cannabis board outlines purpose of $200 million marijuana equity fund
NY expands medical marijuana program, granting doctors more discretion
Sean Teehan writes for NYup.com, syracuse.com and The Post-Standard. Reach him at firstname.lastname@example.org.


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Yup, it takes good ol’ creativity to make an ad go viral – no matter how much money and marketing you throw at it, says Ad Age, which describes the process eloquently as “a squishy mix of art and commerce”.
Philips has come up with a way to use connected lighting as the basis for in-store location-based services such as finding items and offering highly targeted coupons. Such systems offer unprecedented opportunities for hyper-personalised marketing in store.
New research from LinkedIn found that the majority of small and medium-sized businesses are turning to social media for growth. What is really interesting, is that 94% are doing so for marketing purposes.


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After almost six weeks and over 40 meetings with the Australian Government, the Government has made concessions to its New Vehicle Efficiency Standards legislation which was released earlier this week.
The Motor Trade Association of WA (MTA WA), as part of the Motor Trades Association of Australia (MTAA), has consistently advocated for reasonable adjustments to the NVES scheme – such as moving light commercial vehicle targets closer to the US standard. The MTA WA, and the MTAA, are pleased that the Australian Government has noted its advice and applied some of the necessary adjustments to the final policy.
The changes include:
- Recalibration of the targets for Utes, vans and some 4WDs from passenger vehicles into the light commercial vehicle category.
- Adjustment of the headline limit for trucks, vans and some 4WDs.
- The timing of implementation. While the commencement of the scheme will still occur on 1 January 2025, penalties will not commence until 1 July 2025.
- Adjustment of the upper breakpoints, increasing the upper breakpoints by 200kg for light commercial vehicles to 2400 Kg and passenger vehicles to 2200 Kg.
- Confirmation that a review of how the NVES is working will be conducted in 2026.
The Federal Government will also provide $60 million to boost EV charging at dealerships under the Driving the Nation fund.
The MTAA advises that the proposed standard is still very stringent as we head towards 2029. The standard is considered to be amongst the hardest in the world. It will be very challenging for the majority of car brands in the Australian market.
In an important message, MTAA CEO Matt Hobbs advised that it was important to note the role of the Australian new car dealership network in this outcome. “The new car dealership network got on board with the MTAA’s strategy and moved swiftly to provide the Government with compelling arguments as to why the change was required.”
The MTAA will continue to work with the Federal Government on the implementation of the NVES and its operation for the five-year term of the program, concluding in 2029.
The review in 2026 will be critical to the industry. This will include monitoring consumer impacts and international trends and advocating for adjustments to the NVES over time accordingly.


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Ian Payne 4am - 7am
Minister admits businesses 'still hard-pressed' as he is grilled over lack of support
7 January 2022, 09:21 | Updated: 7 January 2022, 09:26
Minister Paul Scully has admitted businesses are "still hard-pressed" as he was challenged by Nick Ferrari on the lack of coronavirus support for certain sectors.
Listen to this article
The business minister told Nick Ferrari at Breakfast it is a "difficult balance" to determine which sectors will receive support from the government as Covid continues to batter businesses.
Mr Sully told Nick the money is available for businesses in the hospitality, leisure and accommodation industries that have been "hardest hit".
"We know they were really hard-pressed over Christmas with people cancelling events, so we kept the rates of the grants at the same level as when they were mandated to close, recognising the fact they are still hard-pressed," he explained.
Nick quizzed the minister, asking whether other sectors, such as gyms, have been excluded.
"Why leave travel behind, the leisure industry, the wedding industry?"
Mr Sully said the support is for those who have had a "particularly chilling effect in the lead-up to Christmas".
"It's a difficult balance," he admitted.
"The wedding industry has people booking weeks and months ahead.
"In the hospitality industry there was a particularly chilling effect as they make a large amount of their profits in December, which gets them through the quieter months of January and February so it's a recognition of that effect on their businesses, which is why we are stepping up support."
He said he is hopeful gyms can "pick it up" in January, whereas hospitality tends to be quiet.
He added that domestic customers are "absolutely top priority" for the government when it comes to tackling the cost of rising energy bills, but also small businesses who have been affected.
His comments come as millions are set to be plunged into higher tax bands in what is being called a "stealth tax raid".
Over one million more people will pay the higher tax rate by 2026, according to new research.
The Government's decision to freeze the personal tax allowance and higher rate tax threshold at a time of wage and price inflation will lead to around 1.2 million additional workers seeing their earnings going over the 40 per cent tax threshold, according to analysis by the House of Commons Library.
Almost 1.5 million more people will be brought into paying the basic level of income tax.
The Liberal Democrats, who commissioned the research, called on the Government to drop its "stealth tax raid" that will "clobber families who are already feeling the pinch."


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Here to send you off for the weekend is our news roundup, recapping highlights including the future of television as a video venture, bridging the omnichannel gap and our partner Allied Solutions' own SmartVideo deployment.Read More
The SmartVideo Blog
I always look forward to Forrester’s annual Customer Experience Forum East in NYC. Last year’s conference confirmed we had entered the Age of the Customer, and brands across industries recognized it, too. Still, only 8% of the 150+ brands on Forester’s Customer Experience Index (CEI) received grades of “excellent.” What’s everyone doing wrong?
This year, Harley Manning, Forrester’s vice president and research director, kicked off the two days by presenting the key concept to developing a great customer experience: think from the “outside in.” Specifically, companies need to design their customer experience and process from the customer’s perspective.
Tags: innovation, customer experience, insurance companies, customer preferences, wow experience, ecommerce, Forrester Customer Experience Forum, CMOs, Forrester, financial services, omnichannel, healthcare
Each year thousands of digital marketing mavens from the top 500 internet retailers in the world to entrepreneurs with startup fever in their blood, flock to the annual Shop.org summit to listen and learn to the latest and greatest the industry has to offer. This year was no different as over 4,500 professionals from the online retail industry gathered in Denver last week.
Tags: Shop.org, SmartVideo, big data, customer experience, customer loyalty program, customer loyalty, personalization, connected consumer, connected customer, multichannel, ecommerce, online retail, omnichannel, mobile commerce
I just returned from two days at the Forrester Customer Experience Forum where leading industry speakers shared thought-provoking ideas and powerful content. Simply put, this event helped solidify my view of the future where the customer is at the center of competitive strategy for the leaders in every industry. In fact, Harley Manning of Forrester shared a graph that compared 5-year total return of customer experience leaders (up 22%) to customer experience laggards (down 46%) to the S&P 500 (down 1%). Clearly, companies adopting a customer-centric strategy are already proving that we are in the “Age of the Customer.”
You know the story. China is on the move and they’re coming for your job. They can do it cheaper, faster and better than the rest of the world and while the economies of the West struggle to keep a nostril above water, China expands with the vigor of a 90’s baseball slugger.
Yesterday I shared the top five themes I took away from this week’s Videonuze 2012 Online Video Advertising Summit. Now I want to take a deeper dive into a brand that is at the top of its game not only in online video advertising, but also in front of the “connected consumer” on all fronts: Macy’s.
According to Cisco, data traffic will grow 10x by 2016 while online revenue will only double. Retailers are absolutely overwhelmed right now with technology options to help them acquire, convert, retain and expand customer relationships within the online realm. Yet, learning how to leverage data to communicate with customers appears to be at the crux of defining winners and losers in the market. Without proper information flow and visual information experiences, both users and business managers bog down with "information overload" and become frustrated with shopping.
We recently attended the 2012 Internet Retailer Conference and Exhibition (IRCE) in Chicago to check the online industry pulse on emerging trends, best practices, and innovations in retail. The discussions, sessions and networking provided a great platform for defining and understanding the way the world shops today and in the future.


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It almost feels like Google is pumping out new iterations of the Chromecast faster than people can buy them. While that’s not actually the case, no one would blame Chromecast 2 owners for passing on the upcoming Ultra. If you do want an Ultra though, you might want to drop into your local Officeworks. Whether it’ll sell you one or not is another question entirely.
The office supplies chain apparently has stock of the Ultra right now and a price — $99 as expected — according to Ausdroid’s Alex Dennis.
Citing “named sources”, Dennis goes on to mention that although physical units are available, there’s “no ETA … for when you will be actually able to get one in store”.
I know, not the news you were hoping to hear. Still, it can’t hurt to visit your local outlet and ask. You might get lucky.


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Travis CU Relocates Merced Branch
VACAVILLE, Calif. --Travis Credit Union has recently celebrated the relocation of its new full-service branch in Merced.
"We were happy to have so many people from the Merced community join us for the event," said TCU President/CEO Patsy Van Ouwerkerk. "With our new branch, we look forward to better serving the Merced County area."
Travis CU's new Merced branch is a full-service location, offering new accounts and teller services, checking and deposit accounts, consumer and home loans, a walk-up ATM, business services and investment appointments for consumers and small business owners.
"The response to our new location has been overwhelmingly positive, and we are confident that members, residents and business owners in the area will enjoy the convenience of our new branch and the wide variety of services and value we offer," Van Ouwerkerk said.


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To improve the poultry industry, India partners with ISE Foods, largest egg producer in Japan, through signing a close collaboration.
Moreover, the partnership aims to adopt the production process of ISE company in the poultry industry of India. Considered as the most hygienic egg production in the world, ISE supplies antiobiotic-free chickens and eggs to factories.
Also, the ISE integration system can manage production of feed, chicken farming, egg collection, packaging, and delivery process to maintain the quality of products.
Source: Big News Network | Photo from Pixabay
Thus, you can read the full story here.


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Boutique PR agency Espresso Communications has announced the addition of six new clients to its portfolio, along with a trio of new hires.
The agency will provide strategic consulting services to email security provider Mimecast, integration and analytics provider TIBCO Software, early-stage research investment fund Uniseed, online car retailer HelloCars, data science and risk management company ResponSight, and information security consulting company NCC Group.
Hello Espresso group CEO Corrie McLeod said: “We are obviously delighted to welcome such a diverse range of quality companies into our portfolio and look forward to working with each of them to drive specific business value.”
Espresso’s new client wins have been bolstered by three new hires for the agency.
Samantha Rosich joins Espresso as a senior account director, bringing 20 years’ experience across a diverse range of industries on both client and agency-side.
Rosich has previously worked in journalism, marketing and consumer PR before taking on the role of brand marketing manager at Fairfax Media business titles including The Australian Financial Review, BRW and Smart Investor.
She also previously held the role of marketing manager for BrickX.
Also joining the Espresso team are Lucy Botham and Josh Byrne as account manager and account coordinator respectively.
Botham worked as a PR manager for Apple in the UK and Australia, where she supported major product announcements and launch events, and led momentum activity and press tours.
Byrne recently completed his Master of Strategic Public Relations at The University of Sydney and will support the team on client activities with strategy ideation, media management and event coordination.
The International Tennis Federation (ITF) has announced the results of a first-of-its-kind global research project examining sports gender equality across the media and social media, commissioned as part of its ITF’s Advantage All gender equality strategy. Conducted and delivered by Ipsos MORI, the research explored how the representation of male and female athletes varies, identifying […]
Adelaide-based creative agency KWP! brings more than one hundred volunteers together in an onscreen battle against life threatening diseases for the sequel to The Hospital Research Foundation (THRF) Group’s ‘Together Fight’ campaign. Two 30-second TVC’s feature the return of ‘The Beast’, who comes up against a young patient and army of real-life patients, researchers, staff […]
Today, Blis, the pioneer of privacy-first location-powered advertising, announces the launch of its new playbook, ‘Preparing for a privacy-first world: your personal guide to getting impersonal’. This educational playbook complements the company’s global ‘It’s nothing personal’ ad campaign launching today, to create awareness about the need for a privacy-first approach. Changes to IDFAs and cookies will fundamentally […]
Following a competitive pitch, independent agency, Archibald Williams has won the atWork Australia account and been tasked with launching the new employment services campaign, highlighting that work is for everyone. This is the first time atWork Australia has used the services of an agency for above the line messaging. Archibald Williams will handle TV, OOH, […]
Leading Australian podcast agency, The Peers Project, has partnered with global e-commerce company, Shopify, to amplify diverse millennial voices through the podcast series ‘Peers2Peers’. The 150 episode podcast, powered by Shopify, showcases the entrepreneurship and personal journeys of inspiring millennial leaders from across the globe. The podcast provides real life advice from young leaders and […]
Despite a strong launch on Sunday night, Dancing With The Stars: All Stars had a drop of 186,000 for Monday night’s show, ultimately waltzing away with 558,000 viewers. Episode two introduced a new group of competing celebrities and saw model and actress Erin McNaught get eliminated after her Viennese waltz failed to win over the […]
David Beckham has been announced as the new global brand ambassador of Maserati and has revealed his first work for the famous Italian marque. The accompanying TVC sees Beckham, 45, doing donuts in a Miami parking lot with his new Maserati SUV, the Levante Trofeo, all while dressed as an extra from Miami Vice. The […]
Barilla repositions itself on a global level with a new Global Brand Campaign signed by Publicis Italy, which puts emotions back at the core of its communication and marks a new strategic path for the brand worldwide. As in the memorable campaigns of the past, the brand speaks to people’s hearts giving a special value […]
Tribal Australia, part of DDB Group, has hired Colin Jowell (left in main photo) as its first-ever chief strategy officer, further bolstering its strategic capabilities and credentials. Jowell was most recently at KPMG as part of the consultancy firm’s Customer, Brand and Marketing advisory. Jowell first joined KPMG in 2018 following its acquisition of UDKU, […]
H&H Group (parent company of Biostime, Swisse, Solid Gold, Dodie, Good Goût, and Aurelia Probiotic Skincare) stands for Health and Happiness, a sentiment that extends to everything they do. To celebrate these values and the Group’s shared culture across their teams in Asia-Pacific, Europe, North America and Oceania, the Group has partnered with creative studio […]
One of Asia Pacific’s most experienced human resources leaders, Jean-Michel Wu, has been appointed Head of Talent at TotallyAwesome. The new position will see Jean-Michel Wu work with TotallyAwesome CEO, Will Anstee, and a growing regional management team TotallyAwesome provides a forum for kids, teens and families to safely interact with brands across thousands of […]
Cannes Lions has today announced its jury line-up of global experts selected to award the world’s very best creative work and benchmark excellence this June. The Lion-winning work will be announced and awarded during Cannes Lions Live, a fully digital experience, running from 21-25 June 2021, that’s included for free as part of the new […]


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- A $175 check signed by Steve Jobs in 1976 just fetched more than $100,000 at auction.
- Expected to sell for $25,000, the final bid was $85,588; with a buyer’s premium, the sale price was $106,985.
- In February, a first-gen iPhone sold for more than $63,000.
A $175 check signed by Steve Jobs recently hit the auction block, where it was expected to fetch $25,000. Let’s just say it did a lot better than that.
The highest bid for the check topped out at $85,588. Including a 25% buyer’s premium, the final sale price for the check came out to a whopping $106,985. The auction began on April 17 and ended Wednesday.
The auction house, RR Auction, initially expected the check to fetch $25,000 or more, more than 142 times the check’s original value. Its final sale price is more than 611 times the original value of the check.
“It’s a remarkable flawless check from when Steve Jobs hired Apple’s first consulting firms — a central moment in the history of the most innovative and influential companies,” said Bobby Livingston, executive vice president at RR Auction, in a press release.
“These great looking early checks are highly desired because they not only tell Apple’s founding story, they are signed with perfect examples of Steve Jobs’s autograph,” he added.
The check dates back to 1976, the year the company was founded. It was made out to Crampton, Remke and Miller, a now-defunct Palo Alto management consulting firm whose clients included Atari, Xerox, and other tech companies, according to the auction listing, which says the check is in “pristine” condition.
Jobs, the late cofounder of Apple, famously disliked giving autographs, so items he signed are rare.
Listed on the check is Apple’s first official address, which was an answering and mail drop service that its founders used while building the company out of Jobs’ family garage, according to the auction house.
Early Apple relics have fared well at recent auctions. In October, an unopened first-generation iPhone still in its original box went for over $39,000 at auction, more than 65 times the $599 the phone cost when it first came out in 2007. In February, another factory-sealed original iPhone sold for over $63,000 at auction, more than 100 times its original price.