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Venture Capital News
Venture Capital news continually updated from thousands of sources around the net.
39 min ago | The Campbell Reporter
This Thursday, Oct. 24, 2013 file photo shows Snapchat CEO Evan Spiegel in Los Angeles.
39 min ago | The Independent
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39 min ago | Wall Street Journal
Lending Club Corp. on Wednesday filed for an initial public offering, a deal that's likely to be closely watched as online nonbank lenders continue to gain market share from traditional banks.
4 hrs ago | SiliconValley.com
A data storage company experts say is on track to become the next Oracle announced Wednesday a new round of funding that pushes its value to more than $2 billion.
4 hrs ago | Wall Street Journal
In the first six months of this year, $2.75 billion was invested in 218 deals throughout emerging Asia, putting the industry on track to pass a five year peak of $2.85 billion invested in 2011, according to data from the Emerging Markets Private Equity Association .
4 hrs ago | Business Journal
Square, led by Twitter co-founder Jack Dorsey, is reportedly raising $200 million in new funding that places the value of the company at $6 billion, up 20 percent from earlier this year.
8 hrs ago | Mashable
This article is part of DBA , a new series on Mashable about running a business that features insights from leaders in entrepreneurship, venture capital and management.
8 hrs ago | Network World
Pluralsight , a Salt Lake City e-learning company that offers video-based courses on everything from Windows 8 to WebRTC to Apple iOS, has raised a fresh $135 million in venture funding.
11 hrs ago | Business Journal
The Austin-based company, which develops agricultural products that act in new ways to provide benefits to farmers and other users, plans to use the capital to commercialize its Agriplier technology based on non-living, non-toxic, microbe derived by-products that contain specific metabolites and stimulants designed to improve crops, according to a ... (more)
12 hrs ago | Sys-Con Media
ARCH's search for disruptive technologies is global, with technology sourcing or investment primarily in In the past 24 months, portfolio companies in ARCH funds have had nine public offerings and six M/A events, including four of the most oversubscribed biotech IPO's in decades, Agios Pharmaceuticals , Bluebird Bio , Receptos , and Kythera ... (more)
Dallas startup Theatro has raised $5 million from a major Silicon Valley venture capital firm to expand its sales and marketing efforts for its wearable tech device for retail outlets.
Listen up. This has been an unusually active period for venture-backed developers of treatments for ear ailments and hearing loss.
Kleiner Perkins Caufield & Byers has agreed to invest in ephemeral messaging service Snapchat Inc. at close to a $10 billion valuation, people with knowledge of the matter said.
In 2013, money for startups was overwhelmingly going to male founders. LinkedIn recently analyzed 1,200 technology entrepreneurs who raised venture capital in 2013.
PICTURED: The moment police turn up to arrest Miley Cyrus's homeless VMAs date hours after he returns home to see his mother in Oregon - because he's wanted on an outstanding warrant Ex-Marine, 32, is left brain damaged after 'being attacked by gang of 20 black men' who said 'Waffle House wasn't safe for white people after Ferguson' 'Venture ... (more)
In preparation for an IPO, Jessica Alba's The Honest Co. , a maker of eco-friendly baby products, has raised $70 million at a valuation just shy of $1 billion and is beginning partnership talks to expand to China, Dow Jones VentureWire has learned.
BacterioScan, a St. Louis biotech company that uses laser technology to rapidly test for urinary tract infections, is set to close a $5 million Series A financing round by the end of the month.
Silicon Valley incubator Y Combinator has big-name tech companies in its portfolio, including Dropbox and Airbnb , but the soaring valuations of some of those companies hasn't translated to huge exits, yet.
Updated: Wed Aug 27, 2014 05:44 pm
Copyright © 2014 Topix LLC


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To the Editor:
I am outraged, indignant, and mad. In the past week I have seen a few articles in the papers, one of the articles stated Keep Keizer Livable (KKL) received $1,000 from two different unions. Keep Keizer Livable is being NIMBY (not in my back yard) about this big box store. I can’t imagine that the crimes that the large retail stores are supposedly to bring will outweigh the amount of jobs and resources that would bring. Let’s think about this for a minute.
To build this large building it would require a large contractor probably with unionized workers. Some will bring their lunches but others will eat at fast food joints—revenue to the eateries.
The contractor will need to bring equipment with them and building materials. They will most likely get some of the materials locally to reduce building cost. Money will go to the local building material vendors.
Trucks will be rumbling by which require fuel adding more money with fuel taxes, the workers’ personal vehicle may need to be repaired locally so more money to the local shops and fueling stations .
Taxes on a lot will be less than taxes on retail store—revenue to Marion County and the city of Keizer reducing the burden to the other taxpayers.
Depending on the store, jobs will be created. If it’s a chain store maybe some will be transferred so the need to get housing will bring in revenue, not to mention that some of the workers will be eating at the local fast food vendors so more money to the eateries and money to the housing industries.
Let’s say voters approve this crazy notion, and in eight years Bass Pro Shop, looking to expand into Oregon, wants to build a store big enough to have a couple different lines of boats, ATVs, and an indoor archery range and become the flagship in the west with 212,000 square foot retail center and its international call center, guaranteeing 1,000 jobs overall. And Bass Pro wants to build its new flagship store in the mid-Willamette Valley to better serve the entire state. The president and his crew peruse the area and fall in love with Keizer. Keizer City Council have a big party with the visitors and say we would love to have your store here, but…it can only be 65,000 square feet.
Going back to the article that named AFL-CIO and UFCW and Keeping Keizer Livable trying to get this initiative on a ballot—that’s nuts. Let’s spend money we need to use in other places to ask voters to kill more jobs—that’s shameful. Think clearly before putting pen to petition.

domain: news


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Consumer spending in June rose by the smallest amount in four months as shoppers cut back on purchases of cars and other big-ticket items.
U.S. factories were a little less busy last month.
U.S. construction spending increased in June by the smallest amount in five months as a big drop in nonresidential building activity offset a third straight increase in home building.
Sears Holdings Corp. says a key sales figure fell sharply in the second quarter, particularly dragged down by weakness at its namesake stores. It's at least the 10th straight quarter that the metric has declined.
Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee.
U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn't lifting paychecks much for most Americans. The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.
It hasn't been an easy week in social media, despite double-digit revenue growth from Twitter, LinkedIn and Facebook. Investors are looking beyond headline numbers and finding reasons to sell.
U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday.
Hurt by falling oil prices, Chevron said Friday that its second-quarter net income plunged 90 percent from the same period a year ago.


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Atlanta, November 16, 2009
UPS To Deliver About 400 Million Packages Around the World During the Holiday Period
Bolstered by a brigade of brown-suited Santas and 102 years of experience, UPS (NYSE:UPS) is set to deliver another season of holiday magic.
UPS has circled Monday, Dec. 21, on the calendar as its busiest day of the year when the company anticipates delivering approximately 22 million packages worldwide. That's about a 40 percent increase over normal daily delivery volumes.
For the entire holiday peak season - stretching from Thanksgiving to Christmas - UPS will deliver approximately 400 million packages around the world, up slightly compared to the 2008 holiday season. And to support this holiday package volume spike, UPS expects to hire roughly 50,000 seasonal workers.
"Each holiday season, UPS delivers more packages than anyone in the world," said Alan Gershenhorn, UPS senior vice president of worldwide sales and marketing. "Our customers know our shipping process is fast, easy and convenient and our team is dedicated to smoothly delivering the holidays."
UPS has a reliable and unmatched global network that does everything possible to ensure on-time delivery of holiday packages. Most UPS ground packages reach their destinations in three business days or less. Procrastinators can rely on UPS air services to ship as late as Wednesday, Dec. 23, for delivery on Thursday, Dec. 24.
To ensure on-time delivery during the holiday rush, UPS Airlines will fly more than 330 additional flights per day during Peak Week, the four days leading up to Friday, Dec. 25. The company's highest volume day for handling air express packages will be Wednesday, Dec. 23, when it will deliver more than 6 million air packages.
Once packages are in the UPS network, shippers can visit UPS.com to track their packages. UPS expects more than 35 million online package tracking requests on Tuesday, Dec. 22, the highest tracking day of the season.
From expert packing and shipping to self-serve options, UPS offers a variety of methods to help customers manage their holiday packages:
For those on the go, UPS Mobile (m.ups.com) offers a suite of mobile shipping applications compatible with the most widely used mobile platforms, online browsers and devices, including the Apple iPhone®. In fact, UPS has just announced a new application for the iPhone that not only ships and tracks but also uses the phone's built-in GPS to direct users to the nearest UPS location. Users can download the free UPS iPhone App at apple.com/iphone/apps-for-iphone. For more information on the UPS iPhone App, users can also visit ups.com/iphone.
For more information on the holiday shipping calendar, green packing and shipping tips and to watch videos about the holiday surge, visit these online venues:


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“I couldn’t be more proud of you”- Maps Maponyane to Boity
Maps Maponyane has decided to show full support to his bestie, Boity Thulo following the launching of her perfume brand.
Boity Thulo has officially launched her perfume brand she’s been talking about for weeks.
She named her perfume line, ‘Pink Sapphire’ and many of her fans are really happy for her on her latest achievement.
Boity revealed her brand is in partnership with Halo Heritage.
She’s already managed to mover 1000 bottles of her new fragrance, pre-sale.
However, Maps decided to show love to her by congratulating her on her recent achievement.
At the beginning of his post, Maps wrote ‘Family Tings’.
Well, this may mean the two don’t have anything between them.
He concluded: “After a dope launch and selling out on her preorders, I couldn’t be more proud of you on creating this world-class fragrance Boity.”
“You’ve put your heart and soul into it, and it’s beautiful to see how #BoityPinkSapphire is now a reality.”
The television personality then revealed that he will be giving away a few bottles of Boity’s new fragrance.
View this post on Instagram
Family Tings: After a dope launch and selling out on her preorders, I couldn’t be more proud of you on creating this world class fragrance @boity You’ve put your heart and soul into it, and it’s beautiful to see how #BoityPinkSapphire is now a reality. . Great news is that I’ll be giving away a signed bottle of #BoityPinkSapphire fragrance. To enter, all you have to do is… – Follow @HaloHeritage / @boity on Instagram – Like the Halo Heritage competition post – Answer the question: Who has Boity collaborated with for her new fragrance? -Tag 3 friends who you know embody being a Note: Share to your story with #HaloHeritage for an additional entry
The post “I couldn’t be more proud of you”- Maps Maponyane to Boity appeared first on .


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Two key players have set aside Rs 2,000 crore for marketing, of which PhonePe's share is Rs 800 crore.
Digital payments app PhonePe recently announced that it has earmarked Rs 800 crore in marketing this year. It has also launched its "ATM" service, along with the 2020 campaign, featuring ambassadors Aamir Khan and Alia Bhatt. The brand made news around the same time last year with its Daddu Gublu campaign and its assemblage of multiple apps under the PhonePe umbrella.
While speaking with afaqs!, Richa Sharma, head of Brand Marketing, PhonePe, elaborated on the brand's plan for the year. Sharma joined PhonePe from Flipkart in April 2019. She started her advertising career with Contract Advertising before joining a team that led the Hutch to Vodafone changeover. She handled the national brand communications for Vodafone, her "brandversity", as she calls it, for five years, working on the popular 'ZooZoo' campaign. Sharma then joined Flipkart to build the brand development and content marketing verticals, and leading the brand refresh in 2015.
According to an ASSOCHAM-PwC India study, the Indian digital payments market is currently valued at $64.8 billion. It is projected to grow at a CAGR of 20.2 per cent to reach $135.2 billion in 2023. Much of PhonePe's marcom spends is aimed at fuelling growth and acquiring first-time users from Tier 2, 3 cities and beyond. The brand is also looking at enhancing the experience of existing users by adding services and product features, while marketing them to both businesses and its 200 million users. PhonePe's arch-rival and market leader Paytm (with 140 million monthly active users) has also been flexing its marketing muscle by announcing that it has set aside Rs 1,200 crore for marketing this year.
"Our approach to marketing is led by both consumer as well as partner (merchants, brands, BFSI players) objectives. With that in mind, all our spends (communications-related and otherwise) will be done to reach customers and partners with the relevant messaging, while also driving growth for partners. We are also enabling user education by investing in content, and driving consideration and value at all transaction points - offline or online as we build a larger and wider payment acceptance network," Sharma elaborates.
This reflects in the platform's ads, too. The current brand campaign includes four TVCs, three of which are set in small-town India (places like Varanasi and others) and feature services like PhonePe Switch, bill payments, gift cards, among others. The ads seem to be educating existing users about the various services offered by the brand. In one of the ads (featuring Aamir in Varanasi), there is a shopkeeper, who, despite using PhonePe, is unaware of a key service. The ads have also been adapted to regional languages like Bengali and Telugu.
Sharma explains that it’s not just about transactions, but also about the ways of offering convenience, access, safety and choice to users. "The power of the platform is when cross-pollination happens. Some people may know of certain features on PhonePe, while others may know of others. This willing mutual exchange of knowledge to discover and grow is something very forthcoming and natural for all of us as Indians," she says.
"Also, we operate in a largely undifferentiated and utilitarian category, which is going through a phenomenal growth spurt."Richa Sharma
Speaking on the platform's TG and the choice of messaging, Sharma says, "Our target audience is anyone above the age of 18 years with a smartphone using the mobile internet. With such a broad set of users, it becomes important to understand consumer needs at a granular level and offer value in the context of their lives. Also, we operate in a largely undifferentiated and utilitarian category, which is going through a phenomenal growth spurt. There are plenty of opportunities and we want to focus on driving our brand narrative of being a partner in accelerating progress and reach out to millions of new users."
"Our choice and use of media across mediums like TV, print, digital, OOH and radio, depends on the audience mix, efficiency and storytelling opportunities they have to offer. Cricket continues to be a passion point and, therefore, the association with IPL in 2020," Sharma signs off.
While the 2019 campaign was crafted by Lowe Lintas Bangalore, this year's campaign, built around the brand's new tagline 'Karte Ja Badhte Ja, PhonePe', was crafted by Leo Burnett, PhonePe's creative agency on record. PhonePe also works with experts and specialists on a project-by-project basis for "desired outcomes on specific challenges".
Managing Director India and Chief Strategy Officer Leo Burnett South Asia: Dheeraj Sinha
Managing Director India and Chief Creative Officer Leo Burnett South Asia: Rajdeepak Das
National Creative Director: Sachin Kamble, Prajato Thakurta Guha
Creative Team: Archit Gadiyar, Vinit Sanghvi, Shivani Gairola, Saumya Aggarwal, Sayan Sengupta, Harshada Shinde, Shatrughan Tripathi, Suvankar Bagchi
Senior Vice President: Maninder Bali
Account Management: Aman Sheikh, Siddharth Kunkunkar, Hitesh Ramrakhayani, Shreyash Goenka, Lalimaa Nandgaonkar
Planning: Noor Samra, Ishita Shukla
Production house: Crazy Few Films
Director: Anupam Mishra
Producers: Urfi Kazmi and Viraj Gawas


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AVING, the global news network covering and reporting products and exhibitions in the world, has made an official global media partnership agreement with the organizer of ‘Renewable Energy Korea (REK) 2011,’ which’s going to be held in COEX, Seoul, Korea, from Oct 19 to 22.
In REK 2011, Bloomberg and EnergyTrend, which are globally well-known media, are also taking part as media partners for reporting newest news on REK 2011 to the world.
This year, REK is held under the slogan ‘Renew Our Future with Renewable Energy.’ In REK 2010, 136 companies from 14 countries participated and 1.23 million (USD) was achieved through export consultations, developed as a successful exhibition, which’s hosted by the government, to provide optimum business opportunities to companies of renewable energy.
In REK 2011, a number of global leading companies in renewable energy like Samsung Heavy Industries, Doosan Heavy Industries & Construction, Daewoo Shipbuilding & Marine Engineering, and Vestas will take part. For offering a practical place of business to exhibitors and buyers, REK will provide optimum business environment by on/offline promotion activities through major media and inviting a great number of end users with purchasing power, such as local governments and investors for public institutions.
During the exhibition, diverse additional events like export consultations, conference, and seminar organized by KOTRA, ‘Green Ocean Forum’ organized by The Korea Electric Times, ‘International Wind Power Forum’ organized by KOTRA and KWEIA (Korea Wind Energy Industry Association), and ‘Renewable Energy Grand Prize Award’ are held. Especially in Green Ocean Forum, top experts in renewable energy are participating for prospecting the industry and market and suggesting future competition strategies.
Furthermore, there’re various events like street campaign with celebrities for promoting the renewable energy industry and the exhibition. And the last day of exhibition is held as ‘Public Day’ for ordinary people to visit the exhibition without entrance fee.
This exhibition, co-held with ‘The 31st Korea Green Energy Show,’ provides good opportunities to figure out the trend within the industry, encompassing energy efficiency, climate change, etc. Admission is free and pre-registration is available in the official website (www.nre-korea.or.kr).
Meanwhile, AVING News, a global news media specializing in products and business of the world, is going to cover key products of exhibitors and report them to the whole world as an official media partner of REK 2011.


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MTN Group Ltd has announced plans to proceed with a public offer to sell up to 575 million shares in Nigeria as it reported higher third-quarter revenue and core profit Thursday.
The South Africa-owned company, which has been exiting or reducing its stakes in some areas including its Ugandan and Zambian units, said the separation of fintech and fibre assets was on track.
MTN, South Africa’s largest telecom firm, said the offer to sell shares in MTN Nigeria will open this month with a bookbuild to institutional investors, after which a fixed price will be announced for retail investors.
MTN’s core profit jumped 24.1% in the three months to September on robust demand for data and digital financial services. It added 0.2 million subscribers during the quarter, taking the total to 271.9 million.


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The consumer electronics show, or CES is still going strong in Las Vegas.
Almost 45,000 exhibitors from around the world are showcasing the latest trends in innovation, and the future of tech.
CGTN's Ediz Tiyansan and Mark Niu report.
Copyright © 2018 CGTN. Beijing ICP prepared NO.16065310-3


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Expert view: 2024 the year of innovation
14th February 2024Tweet
Insurance experts set to join ILC’s ClaimsTech – The Pitch 2024 have shared their insights regarding the challenges facing the sector during the year ahead, and what technologies and innovations they hope to see at this year’s event.
Among the expert panel at this year’s event is Andrew Eade, Head of AD Strategy & Fulfilment at First Central, has now identified a number of opportunities within the industry this year, primarily based around technology.
He said businesses could improve efficiencies and profitability by considering the benefits of advanced analytics and AI, telematics and IOT integration, as well as digital transformation strategies. He also suggested that better use of technology would enable insurers to gain a competitive advantage by introducing more personalised policies.
In terms of challenges, he expressed concerns around increased vehicle complexity and a lack of skills to manage modern vehicles, as well as aftermarket capacity to handle such vehicles.
Ongoing shipping issues could also continue to disrupt the supply of spare parts, with all stakeholders feeling the knock-on effects of increased costs.
As the industry continues to digitalise, with services and processes moving online, he suggested cybersecurity would be a growing concern, alongside regulatory changes around data privacy.
Amidst this, consumer expectations continue to rise and businesses need to deliver improved services or risk both a loss of customers and a lack of Consumer Duty compliance.
Plans for 2024’s ClaimsTech – The Pitch are now well underway – see here for the latest.
The inaugural ClaimsTech – The Pitch 2023 saw six tech innovators showcase their technologies to a panel of insurance sector experts, with Shift being named overall winner of the ‘Insurance Experts and Investors Award’ from a shortlist including Clearspeed, NuvaLaw, Sprout.ai, SLVRCLD and Yarowa.Tweet


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May 21, 2013
B&W Trailer Hitches has begun shipping its new GNRK 1314 aftermarket gooseneck trailer hitch for the 2013 Ram 3500 to its nationwide distribution network. The new hitch features B&W’s Turnoverball design.
We offer e-newsletters that deliver targeted news and information for the entire fleet industry.
The expert, Mark Betner from CITGO, will answer your questions
The expert, Rence Oliphant from Hendrickson, will answer your questions
Esitronic Truck Scans Heavy Duty Trucks
UniCircle Tread Offered for Mixed-Service Applications
AeroFlap Accommodates Wide-Base Tires
Durable Hood Latch Kit is Corrosion Resistant


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BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
SAN ANTONIO -- Chase Manhattan Corp. will seek dismissal of a federal jury verdict against it for $151 million in punitive and actual damages for its role in allegedly bungling a stock transaction for a Texas discount retailer.
The San Antonio-based retailer, 50-Off Stores Inc., claims it was forced in to bankruptcy in 1996 partly as a result of the botched deal. It subsequently reorganized and renamed itself Lotsoff Corp.
The stock transaction dates back to 1994, when 50-Off was seeking to raise $5.5 million through a private share placement to buy merchandise for the Christmas shopping season, said Barry Chasnoff, a senior partner at Akin, Gump, Strauss, Hauer & Feld in San Antonio who represented Lotsoff.
Chase Manhattan, which acted for 50-Off, transferred the shares to two international purchasers of the shares before it received payment, Mr. Chasnoff said. The two purchasers then disappeared. One is now in prison in Canada for unrelated tax offenses, and the whereabouts of the other is unknown, he said.
The retailer reached an undisclosed settlement with another bank involved in the transaction, Banque Paribas Switzerland, and it is separately suing the brokerage involved, Jefferies Group Inc.
In the Chase case, the jury awarded $13 million in actual damages and $138 million in punitive damages.
A Chase spokesman said the bank will seek to have the verdict thrown out.


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If you're in the United Kingdom, that means you'll need to pay attention at 4PM BST. As always, we'll be keeping you posted as more surfaces, so be sure to stay tuned.
The Collector's Edition of Marvel's Spider-Man will include all of the digital content available in the Digital Deluxe version.
Players can expect to traverse interactive environment with the likes of web-slinging, wall-crawling and parkour, while a new combat system will be put into place. It promises to offer more information on "upgrades, leveling, and suit crafting" as the month goes on, aspects that the public was unaware of.
Google's AI Head Poached By Apple For Machine Learning
Giannandrea will focus on AI technology that supports Siri , while Federighi will likely still oversee the user-facing components. In fact, Google directly banned its employees from publishing any of their AI research.
Spider-Man is scheduled for release in the first half of 2018 for the PS4. You want to know when Marvel's Spider-Man will finally be in your hands. Game Informer noted that they saw at least a dozen suits in the game menus, with much more to come.
From what we can see, we can quickly confirm that the game is more likely to be fantastic, including a new type of camera and all sorts of angles to respectfully deliver the needed action. There are a lot of sidequests to take in the game. We also reveal the names of villains you may or may not know. All of that comes on top of everything from the digital edition, too. You also get a limited edition pin mailed to you with this edition.
So far it looks fantastic, but as with their reveal trailer, Insomniac has only used the 4K capable PS4 Pro to show off the footage. Well, there are a ton more details in the cover story of the May issue of Game Informer.
Streaming OTT Service Launches Next Week
After months of speculation, today ESPN officially announced that they will be entering the crowded streaming service fray. ESPN + will be powered by BAMTech and will include live sports , original content and a library of on-demand programming.
When questioned on Twitter about the exclusivity of the title, Insomniac Games confirmed that it was a full PS4 exclusive with Sony fully packing production of the game. In all, the magazine will have 14 pages dedicated to the new Spider-Man game.
The Digital Deluxe edition will include the game and three episodes of post-launch DLC, "The City That Never Sleeps".
Spotify valued at almost $30 billion in unusual Wall Street debut
In 2014 Swift pulled her entire catalog of music from Spotify because she felt the company wasn't fairly compensating artists. Apple Music, however, was growing at a much faster rate than Spotify: 5% versus 2%. "Normally, companies ring bells".


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Tags: terpillar 773B Off-Road End Dump Trucks
Online construction and agricultural equipment auction marketplace IronPlanet plans to sell more than 350 pieces of aggregate and mining equipment in its Sept. 16 online auction. Equipment for sale includes crushers, conveyors, rock drills, and screens located throughout the U.S. ideal ...
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- Miner suspended upside down pulled to safety by his pant legs616 Views
- Caterpillar lays off hundreds more, announces plant closing in North Carolina354 Views
- Cat 6015B hydraulic shovel offers increased power, more loading capacity317 Views
- Transportation funding extended through Dec. 4 as House and Senate work out long-term bill254 Views
- Martin Marietta names new executive vice president218 Views


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Punters appy to bank
Cash can be transfered on mobiles
MOBILES could replace cash, cheques and even plastic sooner than expected after BARCLAYS revealed a huge demand for their new app.
Customers have flocked to sign up for Pingit, “unprecedented” technology which allows customers to transfer cash to one another via a handset.
The bank revealed 120,000 people had downloaded the app in the past week. A spokesperson for Barclays said: “It’s absolutely flying.”
When customers download Pingit they type in a five-digit code, phone number and account number. Barclays send a six-digit code, which the customer has to type in at an ATM or Barclays’ website to be “verified”.
To transfer money, Barclays customers then simply access Pingit on their phone, select a contact’s mobile number and “text” them up to £300.
To receive funds, only a UK mobile phone number and a current account at any bank is required.
The mobile money transfer system has been used in Afghanistan and Africa — but it’s a first for the UK.
Barclays said the average payment from an iPhone so far is £19.20, an Android phone £15.60 and Blackberry £12.05. Pingit was even “trending” on Twitter over the weekend.
From March, customers of any bank will be able to use Pingit to send money. Sean Gilchrist, Barclays head of digital banking, claims the app features “industry standard encryption” and can be wiped from a phone if a user reports it lost.
Trade body UK Payments, who advise on all forms of payment from cash to chip and PIN, are developing a platform for mobile payments all banks and building societies can use.
They say their intention was to provide an “industry service” meaning you can register with your own bank.
Although half of mobile phone users own a smartphone, UK Payments said this form of mobile banking should be available through more basic handsets.
However, a spokesman said although any lender will be able to “plug and play” with their offering, it won’t be out until the end of the year.


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US car sales show positive trend
In the first positive sign that an economic turn around may be on the horizon for the global automotive market, US sales have shown their smallest decline in nine months.
American vehicle sales fell 27.7 per cent in June, marking the smallest drop for the industry in nine months, but dashing hopes that demand would rise to a 2009 high.
Ford Motor Company's 10.7 per cent slide, its smallest in 16 months, wasn't enough to keep the seasonally adjusted sales rate from slipping to 9.5 million, below analysts' projections of 10 million, and well below the 13.1 million from June 2008.
“Still, the industry is recovering, every single month has been better” said Patrick Archambault, an analyst with Goldman Sachs, according to US industry website Autonews.
"We're in a bit of a holding pattern here for one month, but there's a lot of market drivers that are turning positive that should really help sustain an improvement once you get into the second half of the year.”
Continuing it trend Ford fared better than other major carmakers.
It now stands at number two in US sales through the first half of the year after ceding the spot to Toyota in 2007.
Ford's market share grew to 16.1 per cent, ahead of Toyota's 16.0 per cent, but lagging behind General Motors' 19.7 per cent.
GM's June sales were down 33.4 per cent, and Chrysler Group LLC, now under the control of Italy’s Fiat, tumbled 41.9 per cent, as both companies slashed deliveries to fleets. Toyota slid 31.9 per cent for its second-smallest drop of the year.
Industry sales fell to 860,101, after rising above 900,000 in May for the first time this year.
The second quarter was a "breakthrough" for Ford, Jim Farley, group vice president for marketing and communications, said in a conference call. While sales didn't increase, consideration and brand image did, he said.
June marked the 24th year-over-year monthly decline in 25 months, but analysts still foresee some recovery in the next six months.
"On a six-month lag basis, consumer confidence has been a strong predictor, so it still points to a back-half recovery," Mr Archambault, of Goldman Sachs, said.
Analysts forecasting a second-half improvement in sales also say the cash-for-guzzlers legislation President Barack Obama signed last week will improve car-buying interest and perhaps generate sales.
The measure offers vouchers of as much as US$4500 to consumers who scrap gas-guzzling vehicles and buy new ones with better fuel economy.
Predictions of the law's effectiveness in boosting sales have been mixed, but, again, Mr Archambault said it should bump sales rates starting in August.
He said: "If all it does is add another 100,000 units to August, that's going to add another 1.2 million units to the Seasonally Adjusted Annual Rate (SAAR)."


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La Nación PM
Link all the programs:
"La Nación" will take a new step in its transformation. With the launch of LA NACION pm, it seeks to consolidate the leadership of its digital proposal -pioneering since its launch in 1995- with an audiovisual format aimed at offering its users a unique information service at the highest level in the evening hours.
With this exclusive original content, LA NACION is uploaded, from a digital perspective, to the competitive evening news segment in which the proposals of the main news programs, multiple cable signals and several air television programs are increasingly focused on covering the present. It is a schedule in which the audiences connect with information daily and permanently, and increasingly, from devices such as smartphones or personal computers, and in which the nation intends to contribute its view and its quality content.


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Lightweight metals manufacturer Alcoa is relatively new to 3D printing, but once they decided to pursue the technology, they pursued it aggressively. The multinational corporation announced their intention to adopt 3D printing at the end of 2014, and less than a year later they had invested nearly $100 million in expansions to accelerate their development of the technology. It seems to have paid off, because today Alcoa announced that they’ve signed an agreement to manufacture 3D printed parts for one of aerospace’s most enthusiastic adopters of 3D printing: Airbus.
Airbus has seemingly made it a goal to 3D print everything that can be 3D printed. Their Airbus A350 XWB aircraft was designed with over 1,000 3D printed parts, and they’ve partnered with major 3D printing leaders such as Stratasys and Materialise to keep those components coming. Today Alcoa joins the ranks as a supplier of additively manufactured parts for the airliner, and though not many details of the agreement have been released, Alcoa will be providing 3D printed titanium fuselage and engine pylon components to Airbus.
“We are proud to partner with Airbus to help pave the way to the future of aerospace development and manufacturing,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “The unique combination of our multi-material alloy development expertise, powder production capabilities, aerospace manufacturing strength and product qualification know-how position us to lead in this exciting, emerging space.”
This partnership is just the latest development in what has been an incredibly active period of change for Alcoa. In addition to their multimillion-dollar, 3D printing-related expansions at their Pittsburgh and Whitehall, Michigan facilities, the company also recently acquired RTI International Metals, now known as Alcoa Titanium & Engineered Products (ATEP). With a facility in Austin, Texas, ATEP has further increased Alcoa’s additive manufacturing capabilities, particularly in titanium and specialty metals – likely a major draw for Airbus.
Furthermore, in September of last year Alcoa announced that they would be separating into two companies, with a new value-add company to be named Arconic expected to launch in the second half of 2016. Aerospace will be a major focus for Arconic, which Alcoa describes as a “premier innovator of high performance multi-material products and solutions in attractive growth markets” – undoubtedly with significant help from the corporation’s increasing additive manufacturing capabilities.
The contract between Alcoa and Airbus isn’t the first for the two companies; the two have been working together for years. As Alcoa ramps up their 3D printing production, it’s safe to say that they’ll likely be working together for many more. Discuss this new partnership in the Alcoa & Airbus 3D Printing forum over at 3DPB.com.
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Be part of the Buy Alabama’s Best campaign to promote local products.
On Friday of the Rocky Ridge Warehouse Sale, some of Alabama’s best local food producers will be on hand to sample their goods and answer questions.
Western – Rocky Ridge, Friday, March 27, 2015.
A portion of all participating local brands purchases goes toward the Children’s Hospital. To raise additional funds for Children’s Hospital, we will also be selling icons during March and September.


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Alcohol advertisers are fleeing the Twitter nest
Alcohol advertisers Bacardi and Pernod Ricard’s Beefeater are abandoning Twitter.
More than 4 in 10 (42 percent) of the top 100 major spirits and liqueur accounts on Twitter have not posted at all within the past month, according to a study from drinks specialist marketing agency YesMore Agency. Almost a third (32 percent) of the advertisers surveyed have not posted within the past three months, while a fifth (21 percent) have not posted in a year or more, according to the report.
A quick check bears this out anecdotally. The global account for Beefeater gin last posted to Twitter on March 20, 2017, while accounts for Bacardi, Grey Goose, Smirnoff Europe and Baileys have each posted three or less times to the site since the start of 2018.
While some brands have jumped to other platforms or focused their online efforts away from social media, the report found many have “simply gone” without any notice or suggestion to followers that they might like to find the brand elsewhere, said Tom Harvey, new client director at YesMore Agency. Advertisers are “simply getting overwhelmed with places which they are supposed to post content,” he said, and the “days of getting the intern to do it are long gone.”
Twitter is undoubtedly the most effective customer service platform, but alcohol brands have been historically wary of using it as a core marketing channel. A key reason is age targeting. Twitter is seen to be a less innovative marketplace when targeting a younger demographic on social. As media budgets increase, other platforms, particularly Instagram and Facebook, offer much greater control over who can see content, said Mike Harris, senior social strategist at AnalogFolk, which previously worked with Pernod Ricard.
Alcohol advertisers like Diageo are seemingly reserving Twitter budgets for larger brands like Johnnie Walker and Captain Morgan, which still frequently update some but not all the profiles for their markets, while winding down profiles for lesser-known brands.
The Diageo-owned Haig Club, for example, last posted to Twitter on March 29, but has continued to post on Instagram and Facebook — even producing original content with co-founder David Beckham for the channels. A year after Haig Club’s last post to Twitter, its account had grown by 379 followers to around 7,100 followers by March 31, according to Socialbakers. In that same period, Haig Club posted eight times, per Socialbakers, and the most engaged spot generated 64 likes, replies, retweets and comments.
By comparison, the majority of the Twitter accounts for the top 15 most popular spirits in the U.S., according to market research firm IRI, are frequently updated. Five of those spirits — Smirnoff, Crown Royal whisky, Svedka vodka, Skyy Vodka and Grey Goose — have not updated their U.S. profiles since February or earlier.
Another challenge for alcohol brands like Smirnoff is that they have layers of sign-off for social posts, rendering their Twitter content out of date before it’s even posted. On the flip side, content on Instagram doesn’t have to be as responsive, and therefore, more time can be spent producing and tailoring content for different markets.
While Twitter is seen more as a customer service channel than an outright media buy to many alcohol advertisers, some are starting to reconsider the social network’s role. “From an advertising perspective, we see [alcohol brands] placing more importance on paid media,” said Catherine Chappell, paid social account director at iProspect. “This will mean their organic efforts will change.”
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One of the biggest, if not the biggest, outdoor show is about to happen between the Feb. 7 and 15 in Harrisburg. This event is called the Great American Outdoor Show and is hosted by the National Rifle Association.
With less than two weeks to go until the show, it is one of the most anticipated outdoor events all year round. The show, which is the largest of its kind in the world will celebrate outdoor lifestyle and sports like hunting and fishing over a period of nine days. The show is addressed not only to people interested in these sports but to their families as well.
This year the show will be host to more than 1,000 businesses including tools manufacturers (firearms and fishing tools) and other adjacent manufacturers and businesses (RVs, boats and clothing). Only the exhibit area will be hosted on an area no smaller than 650,000 square ft. This show will be a massive display for all enthusiasts.
To make the event interesting for the entire family there will be other attractions like concerts, dinners, public speaking engagements, competitions (Laser Shot, magnetic fishing, barrel racing and others), demonstrations and celebrity appearances.
This will be the second year when the event is sponsored by the National Rifle Association and after the great success it had last year officials stated they are humbled by the commitment showed by attendees. Kyle Waver of the NRA said that they will be working on delivering an even better experience to the participants and without doubt the 2015 edition will be one to remember.


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Carmakers cut Brazil workers, close plant as sales tank
Suzuki Motor Corp. shuttered its first Brazilian plant last week after opening it in late 2012. Volkswagen AG and Ford Motor Co. laid off some workers and put others on leave this year after investing to expand output.
Car manufacturers in Latin America’s largest economy are grappling with a plunge in vehicle sales that may be worse than anyone predicted.
“Every time I give a forecast, we have to revise it downward,” said Stephan Keese, the head of consulting firm Roland Berger’s Latin America industrial and automotive practice. “It’s incredible — the market is dropping so fast.”
Carmakers committed billions of dollars in investments in the past several years, banking on an expansion of the world’s fourth-largest car market. Some new production came online just as the economy entered a recession and inflation quickened to an 11-year high, prompting the central bank to raise interest rates that are sapping consumers’ appetites. Output capacity is now almost double domestic demand.
The downturn stands in contrast to the rosy forecasts of a few years ago when many of the investment decisions were made. Last year, carmaker association Anfavea forecast light-vehicle sales would rise by 1.1 percent to a record. Instead, sales dropped 8.3 percent to 3.3 million, and Anfavea expects an additional 13 percent plunge this year. Roland Berger predicts the decline could be as much as 22 percent.
Brazilian annual industrial production has contracted for 13 straight months, with the drop in vehicle manufacturing playing a major role in the decline.
That threatens to further fuel unemployment that reached a three-year high in March. Carmakers already cut their workforce by 8 percent in the 12 months through April, Anfavea said, and Keese sees as many as 10,000 more employees fired this year.
Domestic sales peaked at 3.6 billion in 2012 and won’t rebound to that level until at least 2020, said Guido Vildozo, the Latin America manager for consulting firm IHS Automotive.
There’s a “clear opportunity for numbers to come in a lot worse,” Vildozo said in a telephone interview from Lexington, Massachusetts. “Coming in at a lower number than what we presently have is obviously not in the plans in many of those corporate offices around the world.”
Some carmakers, while making adjustments, are still optimistic.
“The worst is behind us,” Anfavea President Luiz Moan said in a press conference last week in Sao Paulo. “May and June won’t be good, but they won’t be as bad as the first part of the year.”
Dearborn-based Ford confirmed in an email that it temporarily halted production at its Sao Bernardo do Campo factory this month. Germany’s Volkswagen said it put workers on leave at one plant. Japanese carmaker Suzuki also confirmed in an email it suspended one factory and transferred the output to another plant. All three companies cited weaker demand as the reason behind the moves.
Last month, Sergio Marchionne, CEO of Fiat Chrysler Automobiles NV, the biggest carmaker in Brazil, took the stage at its $2.3 billion Jeep facility in Pernambuco state, and recalled when the land was just a sugarcane plantation.
In hindsight, Fiat may have been better off leaving the plantation be for a couple more years, said Roland Berger’s Keese. The carmaker’s sales in Brazil dropped 25 percent in April compared with a year earlier.
“This is probably the worst time ever to launch a new vehicle and launch a new factory,” Keese said.


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An encryption tool used by a large chunk of the Internet is flawed, potentially exposing reams of data meant to be hidden from prying eyes.
The bug, nicknamed Heartbleed by researchers at Google Inc. GOOG, -1.04% and cybersecurity firm Codenomicon, could have affected two-thirds of active websites when it was disclosed Monday, they said.
On Tuesday, website operators, including Yahoo Inc., US:YHOO raced to fix the problem. A Yahoo spokeswoman said the company had “made the appropriate corrections.” Several researchers said earlier that they had been able to capture Yahoo usernames and passwords.
Many other major websites, such as Google, Amazon.com Inc. AMZN, -1.13% and eBay Inc., EBAY, -3.18% appeared to be safe, based on a test created by a researcher for cybersecurity company Qualys Inc. QLYS, -1.15%
The bug exploits a problem in certain versions of OpenSSL, a free set of encryption tools used by much of the Internet. OpenSSL is managed by four core European programmers, only one of whom counts it as his full-time job. The limited resources behind the encryption code highlight a challenge for Web developers amid increased concern about hackers and government snoops.
Websites increasingly use encryption to mask data such as usernames, passwords and credit-card numbers. That prevents a hacker lurking at a coffee shop from grabbing personal information out of the air as it travels to a wireless router. This type of encryption is called SSL, or secure sockets layer, or TLS, or transport layer security. When a website is using these forms of encryption, a padlock appears with the Web address in a browser.
Web servers that use the affected versions of the code store some data unprotected in memory. Hackers can grab that data, and reconstruct information about users or keys that would allow them to monitor past or future encrypted traffic.
“Anyone can reach out to the Internet and scoop out of the data,” said Thomas Ptacek, a researcher at Matasano Security in Chicago. “I can be in my office here. I can be in Estonia.”
Read More From MarketWatch:


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Superdrug deals beauty fans should look out for during Black Friday 2018
Looking forward to Black Friday weekend? For many it’s a great time to pick up some beauty bargains and dupes, and where better to find those than at Superdrug.
This year Superdrug has announced their Black Friday deals early, but there’s catch, the deals will only be available to Health & Beautycard members until the 13 November. The deals will then be open until the public 27 November, or until stocks last.
This year deals include huge savings across a range of products, including beauty electricals from Braun, Tresemme, Babyliss, Oral-B and Phillips, Revolution, Real Techniques, and a number of fragrances including DKNY, Jimmy Choo and more.
Simon Comins, Superdrug Commercial Director comments: “This year our Black Friday deals are better than ever with Health & Beautycard members getting a week’s head start on our best deals in stores and online. We know it’s going to be the perfect opportunity to make a start on the Christmas shopping and pick up some fantastic offers.”
The best Superdrug Black Friday deals
Philips Sonicare Proclean Toothbrush Blue NOW £59.99 WAS £179.99
Skinny Tan Gift Set NOW £29.95 WAS £59.99
B. Make Up Trolley NOW £60.00 WAS £120.00
Revolution Chirstmas Tree NOW £60.00 WAS £120.00
Babyliss Vintage Glamour Dryer Set £23.99
Calvin Klien Europhia 100ml NOW £35.00 WAS £70.00
Diesel Only the Brave 200ml EDT NOW £42.00 WAS £84.00
Oral B Pro650 Black with Toothpaste NOW £19.99 WAS £49.99
Black Friday 2018
How to sign up for a Health and Beauty Card
It’s worth grabbing a Superdrug Health & Beauty card before Black Friday – especially if you want to grab the early deals. Signing up is easy, just head to www.superdrug.com and choose to register.
The loyalty reward card comes jam-packed with perks, including lower member prices on selected products, bonus points offers, Treat Thursday deals and the ability to pay with a mix of points and cash, and birthday treats.
Last year Superdrug unveiled their biggest batch of deals, speaking ahead of the sale event, Simon Comins, Superdrug Commercial Director said: “Each year our Black Friday deals get bigger and better and 2017 is no exception. We know what our customers want from our deals and we’re thrilled that we’re able to deliver that; big savings on best-selling gift sets and electricals, giving them a head start on their Christmas shopping”.
How to bag a beauty bargain at Superdrug?
1. Stalk the website
2. Look for voucher codes
3. Save on delivery charges
4. Use cashback
Source: Read Full Article


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Teenage lifestyle magazine Teen Vogue has come under fire after research found it has published more than 60 pro-abortion articles online since the start of the year.
The Media Research Center (MRC), which investigates media bias in the USA, examined Teen Vogue’s published material and also found there were no articles mentioning adoption.
MRC slammed the magazine’s pro-abortion bias, calling it “obsessed”.
In an article, MRC said: “Teen magazines targeting young women are no longer about make-up application, fashion tips or crushes. No, they’ve now found a more lucrative topic: abortion.”
They state that in 2017 Teen Vogue has already published at least 63 articles either presenting abortion in a positive light or treating restrictions on abortion as negative.
It also found many articles promoting Planned Parenthood, the biggest abortion provider in the US.
Teen Vogue was fiercely criticised last month after it published a glib article suggesting present ideas for teenagers to buy for friends who have recently had an abortion.
Ideas included a ‘girl power’ cap, an adult colouring book featuring a pro-abortion Supreme Court judge, and a brooch of a swearing uterus.
The article specifically recommends the brooch, as the proceeds benefit abortion giant Planned Parenthood adding that “they need all the support we can give em”.
Students For Life of America slammed the article in a video response, saying “the language and flippant tone is appalling”.
In the video, 16-year-old Autumn said that as a teenager, the article was aimed at her and that she felt compelled to respond.
She said: “This article made light of a heart-wrenching issue. Trivialising abortion doesn’t do anyone any good. Joking about it is incredibly offensive to all involved.”
“No matter what stance you have on abortion, it should never be treated with such nonchalance as this piece did”, she added.
She emphasised that Teen Vogue is sending the wrong message to teenagers, saying, “no wonder our culture has become so desensitised to the idea of taking the life of a baby”.


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The Aakash 2 Android tablet is finally here. After getting delayed for over a month, the Indian government has finally launched the next-generation Aakash tablet that is manufactured by Datawind, a British manufacturing company based in Canada. At Vigyan Bhavan in New Delhi, Indian president Pranab Mukherjee announced the Aakash 2 tablet. The Aakash 2 sports a 7-inch capacitive display and a front VGA camera. It’s powered by a 1GHz Cortex A8 processor and is supported by a 512MB RAM and 4GB of storage.
It also has a microSD card slot, a USB port, and a 3,000 mAh battery. Running Android 4.0 Ice Cream Sandwich, the Aakash 2 tablet will sell for roughly $40 in the market. But since the Indian government has granted a subsidy for its students, the Aakash 2 will be sold to students at a subsidized price of around $20. The Indian government plans to bring around 100,000 Aakash 2 tablets to engineering colleges and universities across the country. Additionally, the government is also launching a program called “Aakash in Education” that aims to setup remote centers in 244 engineering colleges in India.
Filed in Android.. Read more about


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AG Barr's results for the six months to 28 July reveal a £6m jump in revenue to £129.9m. However, the company stated its operating margins were impacted by the "combined effects" of raw material costs, such as sugar, and changes in consumer purchasing behaviour, despite its "strong sales growth in the period".
The company said in a statement that the changes in consumer purchasing behaviour were largely due to the poor summer weather, with people shifting their buying power away from impulse outlets towards more promotionally driven take-home channels.
However, advertising for core brand Irn-Bru achieved its "strongest-ever consumer awareness", while also reaching its highest scores for "consumer enjoyment" to date, although sales were "slightly down" for the reporting period, the company added.
AG Barr said its Rubicon brand continued to grow, boosting volume by more than 6% in the fruit drinks market that, on the whole, "largely impacted by the weather, was 5% behind the similar period in the year".
Roger White, chief executive at AG Barr, said: "Our financial performance in the face of the combination of a cautious and increasingly value-focused consumer, and the very disappointing early summer weather, clearly demonstrates the underlying strength of our brands and operating model.
"We expect trading to remain challenging over the coming months and we have put in place cost-control measures and a robust trading programme for the balance of our financial year. Assuming there is no further deterioration in the market, we remain confident about our prospects.
"Discussions are ongoing following the announcement on 5 September regarding the potential all share merger of AG Barr and Britvic. A further announcement will be made as and when appropriate."
The £1.4bn merger would mean AG Barr’s brands Irn Bru, Tizer and Rubicon combining with Britvic's Robinson's, Tango, J2O, Drench and Purdey's, with White as chief executive of the combined group, should the deal go ahead.Follow @loullamae_es


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MobiHealthNews January 7, 2019
This is a running list of digital health products announced at CES. The list will be updated as the week goes on.
CES is upon us and some of the biggest digital health announcements of the year are beginning to emerge. MobiHealthNews is keeping a running list of the technology being announced in Las Vegas this week, and we will update this as the week goes on.
L’Oréal released a new wearable sensor and app that helps users track the pH level on their skin. The way it works is a user puts the sensor on their inner arm for five to 15 minutes or until two dots on the sensor start to show a...


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What are the biggest challenges in the lubricant industry right now and how can legislation ensure food safety? Andre Adam shares his expert insight.
List view / Grid view
Filter the results
A recent YouGov survey, commissioned by the Red Tractor Food Assurance Scheme, found that 8 out of 10 UK adults are not concerned about food safety and standards.
The anti-Listeria phage product Listex™ can now be used to prevent the presence of Listeria during the final stages of food production.
Orsi Dézsi, Business Unit Manager of Nonfood Compounds & Food Contact Materials at NSF International, explains the context of the regulations, standards and trends around food-grade lubricants and why they should be considered a valuable part of your food safety strategy, rather than a tick box issue.
The ‘Keeping food in check’ report, published by The European Consumer Organisation (BEUC), states that the number of food controls and the resources allocated to them are dwindling across Europe.
The rise of the ready-to-eat meal has driven cleaning and hygiene standards to an all-time high. Food technology specialist, Hein Timmerman, explores the procedures that companies should be implementing to ensure they meet these targets, while keeping costs low and efficiency high.
Amid the evolution of troublesome antibiotic-resistant bacteria, scientists have discovered that today’s pet owners may unwittingly be party to the problem through their choice of pet food.
New Food is hosting a live Twitter debate on 23 October 2019 at 3pm BST to discuss: 'What's the hardest type of food fraud to detect?"
Dr David Acheson, President and CEO of the Acheson Group, analyses the recent CDC report which provides data about the foodborne disease outbreaks that occurred in the US in 2017.
Campaigners are warning of a “gaping hole” in the UK’s food safety regime, as figures have revealed that high numbers of food inspections are missed each year.
The Interagency Food Safety Analytics Collaboration has released its most recent report about the origins of foodborne illness in the US.


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Accumulated profits at the media firm owned by TV presenter Kathryn Thomas increased to €391,765 last year.
Accounts just filed for Aquarius Productions by the host of RTÉ's Operation Transformation show that the figure rose by €37,288 in the 12 months to the end of February. That is down on the €64,570 increase in the previous year.
In a very busy year for Thomas (40), the Co Carlow native also presented the most recent series of Ireland's Fittest Family on RTÉ. Her work on the show complements her own business endeavours in the fitness area.
Thomas set up health and fitness business Pure Results Bootcamp in 2014. The most recent accounts for that business show accumulated profits of €60,414 at the end of October 2017.
The Pure Results boot camp organises weekend-long and week-long retreats at the likes of Parknasilla Hotel in Co Kerry and employs trainers, fitness instructors and chefs along with a nutritional therapist.
Separate accounts for Vision Independent Productions, the firm that produces Operation Transformation, show that its accumulated profit rose €82,157 to €429,026 in 2017.
Thomas first came to wide public notice as the presenter of No Frontiers, a travel show on RTÉ. After that she co-presented Winning Streak between 2009 and 2011. She took over from the late Gerry Ryan as the presenter of Operation Transformation in 2011.


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On Saturday July 11 2020 comes a grand virtual event of tiny proportions called “Small Wonders – An Exhibition of Tiny Art & Tiny Films“.
During these difficult and most stressful times, this year’s event will be available for FREE ONLINE VIEWING for everyone to enjoy while safely isolating at home.
THE TINY ART will feature 38 works created from toilet paper, cardboard tubes and masks by local and international artists. The exhibition will be a virtual walk-through gallery starting at 12 noon Saturday July 11th and will be up until the rest of the month.
THE TINY FILMS will feature 18 short films, many created during social isolation, from local and international filmmakers. The films will begin on the Small Wonders website at 7pm Saturday July 11th and will be available online until 11pm Sunday July 12th.
It is our hope that we can bring a little bit of entertainment during this time of need and we hope you are looking forward to this as much as we all are. Until then be safe and take care of your selves, families and friends.
To keep informed on future updates, click INTERESTED here or join our newsletter:
Or the Small Wonders Newsgroup:
We look forward to virtually seeing you online!!!
Small Wonders 8 – A Virtual Exhibition of Tiny Art & Films
Saturday July 11 2020 – FREE ONLINE EVENT


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British Gas owner Centrica has warned that the Conservative party’s plans to cap energy bills could push up average prices, as the company haemorrhaged customers at a rate that would see it lose a million by the end of the year.
Although Centrica was the only one of the big six energy suppliers not to put up its tariffs this winter, Britain’s biggest energy firm still lost 261,000 customers to competitors in the first quarter of 2017.
The fall comes on top of the 400,000 customers British Gas lost last year, taking it below 14 million UK residential customers for the first time since the 1970s.
Mark Todd, co-founder of switching site Energyhelpline, said the supplier was shedding customers because its prices were not competitive.
“British Gas have kept their standard prices much lower than the rest of the big six but even so this has still seen them lose quarter of a million customers in the first three months of trading – ultimately because there are much cheaper tariffs available for switchers.”
He predicted that in June the company would announce a 5-10% increase in its standard variable tariff that would affect millions in August.
In a trading update before its AGM later on Monday, Centrica said the homes it supplies in the US and UK had used less energy than normal because of above average temperatures this year.
The company, which has a sizeable power generation arm, said it had taken a financial hit from wholesale prices falling since its preliminary results in February. Its North Sea gas storage plant has also been closed temporarily over safety concerns.
However, Centrica still earned the highest profit margins in the sector on its customers last year, at 8.8% of earnings before interest and tax, versus an industry average of 5.6%, according to new analysis.
Lazarus Research found gross profit margins across the sector were the highest on record, which it said would “provide ammunition to the government on why a cap is needed”.
British Gas’s parent company reiterated its call for the next government to resist imposing price caps on the standard variable tariffs that two-thirds of people are on. The Tories have promised their cap will save the average family £100 a year. Labour is expected to announce a similar policy.
“Centrica does not believe in any form of price regulation. Evidence from other countries would suggest this will lead to reduced competition and choice, and potentially higher average prices,” the company said.
The £4.15m pay package for Iain Conn, Centrica’s chief executive, came in for repeated criticism from shareholders at the AGM but was defended by the company’s chairman. “It’s a competitive market and whether you like it or not we have to compete for the best person,” said Rick Haythornthwaite.
Shareholders also railed at the state of the company’s share price, which closed up by 2% at £2.02 but remains down from £2.30 last October. Conn said he shared the sentiment, and blamed the repeated threat of intervention by the government.
“There is only one factor driving [the share price] to where it is, and that is the uncertainty about what the Conservative government might do to the energy supply market.”
Conn also raised the spectre of accelerating the company’s cost-cutting plan to cope with the hundreds of millions of pounds staff analysts predict a price cap will cost Centrica. The chief executive said he could not rule out increases to the 1,500 job cuts already planned for 2017, in response to a cap, and added that most of the financial impact would be felt in 2018, not 2017.
British Gas had been talking to the government about alternatives to a cap, Conn said, such as scrapping standard variable tariffs in favour of a product that needs renewing annually. A similar proposal was put forward recently by Scottish Power, but a consumer group said it amounted to little more than a rebrand of standard variable tariffs.
Conn said he was also lobbying government to stop paying subsidies for low carbon power through energy bills, and support such “necessary” projects through general taxation.
John Penrose, a Conservative MP who has led calls for a relative price cap, said Centrica’s warnings of higher prices were an empty threat. “It isn’t sustainable for the big six to threaten they’ll scrap their cheapest tariffs. They would condemn themselves to a slow commercial death, milking a declining customer base because they wouldn’t win any new business.”
Analysts were divided over the impact of political intervention for Centrica. The Royal Bank of Canada noted that “political headwinds” had hurt Centrica’s share price, and described the trading update as negative. “Despite significant upside potential opening up to our price target, we would continue to avoid the name until there is better visibility on the competitive retail environment in the UK,” experts at the bank said.
However, Hargreaves Lansdown said that its guidance on the company remained unchanged, given the progress on its strategic targets.
“Long-term investors will be familiar with the tricks the weather and energy prices can play on Centrica’s profits, and will already be aware that recent trends in customer growth have been negative,” the investment group’s analysts said.
Comparison sites said that since Theresa May threatened to take action against energy suppliers in her 2016 party conference speech, tariffs had risen. Uswitch found the cheapest tariff among the biggest suppliers was £1,001.26 on 1 May, up from £836.21 on 1 October 2016.


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You're viewing an article in iPO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site: AT&T Threatens iPhone Unlocking Company
AT&T Threatens iPhone Unlocking Company
Monday, August 27th, 2007 at 8:25 AM - by
iphoneunlocking.com, a division of UniquePhones, was planning on launching a software-based service for unlocking Apple's iPhone on Saturday. The rollout never happened, and the company is claiming that possible legal threats from AT&T are to blame.
UniquePhones stated that the company received a phone call from a law firm in Menlo Park, California, that was representing AT&T. The firm claimed that the iPhone unlock the company was planning to offer potentially constituted "copyright infringement and illegal software dissemination."
Just like the unlock services UniquePhones offers for other brands of cell phones, this iPhone unlock would have allowed Apple's combination iPod and smart phone to work with any cell carrier service, and not just AT&T.
In the United States, the digital millennium copyright act allows users to unlock their cell phone so it can be used with any carrier. UniquePhones is looking into the legal ramifications of offering its service to U.S. customers.
For now, the company's iPhone unlock service is on hold.
- Editorial - It's Time for the Promised, Unlocked iPhone 3Gs
- Wal-Mart Employees Confirm iPhone Rumors
- The RIAA vs. 19 Year Old Cancer Patient
- Mac Gaming News - Gameloft Brings Hero of Sparta to the iPhone
- Free on iTunes - Return to the Moon, JPL, Stranger Things And More
- Apple Claims 300 Million App Store Downloads, 10,000 Apps Available


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As low gas prices persist and electric vehicles fail to find the widespread traction once predicted by the Obama White House, automakers have supercharged their fight against the country’s lofty 2025 fuel economy target.
Fuel prices and the popularity of trucks and SUVs means the federal 54.5 mile per gallon target isn’t reasonable, automakers say. Continuing down the same road and pretending the landscape hasn’t changed? That’s a recipe for disaster, according to industry groups. (Read More…)
Bosch, the creator of the horsepower-boosting water injection system in the BMW M4 GTS, will now offer the technology to any automaker that wants it.
Spraying distilled water vapor into an engine’s combustion chamber has an added bonus of greatly increasing fuel efficiency — meaning Bosch might have a lineup at its door when the system enters mass production in 2019, Autocar reports. (Read More…)
Whoa, slow down a minute. That’s the message from three Republican members of the House Energy and Commerce Committee, which is reviewing fuel economy targets set out for automakers.
The members want more time for car companies to respond to a key report about the 54.5 mile per gallon corporate average fuel economy (CAFE) target, The Detroit Free Press reports. (Read More…)
Low-octane gasoline. It was great for the detuned boat anchors found under the hoods of 1970s Malaise-era barges, because you weren’t having fun, anyway.
The future of gasoline-powered vehicles is all about high-compression engines and ever-stricter environmental regulations, meaning gasoline with higher octane than today’s pumps can provide could be on the horizon. (Read More…)
Apparently, the 10-speed automatic transmission co-developed by Ford and General Motors doesn’t impress Honda, because it wants a gearbox with more cogs.
The Japanese automaker recently filed a patent for an 11-speed, triple-clutch transmission, AutoGuide reports. (Read More…)
The search for better fuel economy takes engineers down weird paths, and the latest plan to wring out extra mileage is no different. It involves an unlikely part of the vehicle — the suspension.
Audi just announced a new suspension system that harvests wasted energy and turns it into electricity, capable of adding juice to a vehicle’s 48-volt electrical subsystem. (Read More…)
The federal agencies reviewing the country’s corporate average fuel economy (CAFE) targets are pleasantly surprised by the amount of fuel-saving technology in modern vehicles, and hint that the target they decided on back in 2011 is still doable.
Those agencies just released a technical assessment report (TAR) to guide the review process. In it, they figured that vehicles will average between 50 and 52.6 miles per gallon by the target year of 2025 — if gas stays stable and consumers continue buying SUVs and trucks.
That’s not too far off the original target, and judging by the optimistic tone of the report, it’s likely the 54.5 mpg mandate will stay intact. (Read More…)
Business is about to get much more expensive for automakers with thirsty fleets.
The penalties leveled by the National Highway Traffic Safety Administration against automakers who miss their annual corporate average fuel economy (CAFE) standards are about to go up in August. Way up. (Read More…)
A group of automakers wants Big MPG to know they’re out of touch when it comes to fuel efficiency targets, and would really like it if they stopped paying so much attention to California.
The Alliance of Automobile Manufacturers — a Washington lobbying group made up of General Motors, Ford, Fiat Chrysler Automobiles, Volkswagen and Toyota — wants to impact the midterm review of 2025 fuel economy targets set in 2011, Bloomberg reports. (Read More…)
The extended-cab Ford F-150 was somewhat louder than a conventional model, but it was the emissions certificate in the rear window that proved the pickup packed something unusual under the hood.
A partially disguised F-150 recently photographed testing in Michigan wore a code showing the presence of a 3.0-liter turbodiesel engine, and sported a tell-tale diesel exhaust tip. It looks like Ford is serious about besting its pickup competition in every way. (Read More…)


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Ripple’s global head of banking Marjan Delatinne is offering new insight on MoneyGram’s use of the XRP-based payment solution called On-Demand Liquidity (ODL).
At the Asia House Global Trade Dialogue in Singapore, Delatinne said MoneyGram is already up and running with ODL in a handful of countries like Mexico and Thailand.
“MoneyGram, for instance, is a case that went live recently.
They are using this solution in a few markets, as I mentioned in more exotic markets like Mexico, Thailand – and they see already a great efficiency decrease in the costs in the way that the treasury and liquidity management is happening.”
Delatinne also outlines the mechanics of how ODL works and the impact Ripple believes it could have in the world of cross-border payments, especially in emerging markets.
“So imagine you’re a payment service provider and you want to send $100 to Mexico. You use our native digital asset, which is called XRP, as a bridge currency between the two fiat currencies. So changing from USD to XRP and immediately after to the Mexican peso.
This is really revolutionizing the way that money is handled because today FX and the transfer of money are not happening at the same time. And this creates a lot of exposure, especially to low margin organizations…
This still, of course, needs to be more commercialized. But this is really shifting the way that we think about the transfer of money compared to what is [happening] today.”
Ripple says 24 of its 300+ clients have signed up for ODL since its launch in October of 2018.
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PETER ROMEO – EDITOR AT LARGE @ RESTAURANTBUSINESSONLINE.COM
Social Media’s Impact on Restaurants
As most consumers are connected to some from of social media these days, Peter Romeo explained why it is important to understand how the restaurant business is changing its strategy in response. Romeo touches on all the methods, visual and verbal, that social media is being used by brands to communicate with their customer base and even use it as a recruitment tool. This takes into account that though there verbal communication is a dominant form of dissemination on social media that the use of visuals has a greater impact and can recognized more frequently.


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Brazil, Israel, China, Iraq, Canada, Holland…what do these countries have in common? Their music, and more from cultures around the world, will be featured at the March 10 concert of the Spokane Area Youth Choirss. Hear all choirs and special guests perform in many languages as we celebrate our shared stores through music! During the
Archives for February 2016
Members of SAYChoirs perform at Jam for Bread: Westminster Congregational UCC’s benefit for Crosswalk!


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- As states across the U.S. continue to ease cannabis restrictions and legalize medicinal and recreational use, reliance on prescription medication may be declining.
- In fact, new research estimates that legalizing cannabis at the federal level could cost the pharmaceutical industry billions.
- While cannabis can offer an alternative to prescriptions like opioids, experts say that people should talk with their doctor before swapping their medication.
Legalizing cannabis at the federal level and expanding access in U.S. states where it is still illegal could reduce sales of prescription and over-the-counter drugs by billions of dollars, researchers say.
The estimate is based on changes in stock market value that occurred after various states had legalized cannabis for medical or adult recreational use.
According to researchers, the shift in the stock market is a reflection of investor predictions.
In the study, published August 31 in the journal
They looked specifically at changes in drugmaker returns that occurred before and after cannabis legalization — either through a governor signing a bill into law or through a ballot initiative.
They then compared the actual data to an estimate of the returns in the absence of legalization, based on a financial model.
As a result, researchers found that drugmaker returns were 1.5% to 2% lower 10 days after cannabis legalization, compared to what they might have been without legalization.
This corresponds to each company losing about $133 million to $177 million in stock market returns value.
Based on these figures, researchers estimate that each time cannabis was legalized for medical use, annual pharmaceutical drug sales in the United States dropped an average of $2.4 billion.
The impact of cannabis legalization on total sales was larger for adult recreational legalization compared to medical legalization, they found. It also had a bigger effect on the total sales of brand name drugmakers compared to generic drug makers, mainly because of the larger market share of companies making brand name drugs.
Using these results, researchers estimate that if the remaining U.S. states without legal access to cannabis were to pass medical-use cannabis laws, pharmaceutical sales would drop by $38.4 billion, or about 10.8% of total sales.
This includes both prescription drugs and over-the-counter medications.
At the time of the analysis, 16 states did not have legal access to cannabis.
Currently, 37 states and the District of Columbia allow the medical use of cannabis products, and 19 states, including the District of Columbia, allow adult non-medical use.
The study also has several limitations, which the researchers pointed out in their paper.
Their analysis includes only publicly-traded companies, so the results could be an underestimate of the impact of cannabis legalization on pharmaceutical drug sales.
In addition, other events that occurred around the time of legalization could have affected stock market returns.
According to the study, expanding the legalization of cannabis in the U.S. could potentially cost the pharmaceutical industry billions of dollars in revenue.
The pharmaceutical industry may already be aware of the risk it faces from legal access to cannabis.
For instance, The Washington Post reports that some drug makers have funneled money to anti-cannabis groups, lobbied federal agencies directly, and provided funding to academics opposed to legalization.
Other companies are trying to cash in on the public’s interest in the benefits of cannabis.
Last year, drug maker Pfizer, Inc., purchased a cannabinoid biotech company for $6.7 billion, according to Forbes.
However, even the 10.8% drop in total drug sales estimated by the authors of the new study may not be insurmountable for the pharmaceutical industry.
A 2019 paper by West Health Policy Center, a nonpartisan, nonprofit organization based in Washington, D.C., estimates that large drug makers could face an 11% drop in profits and still see a more effective return on their invested capital compared to other industries.
Even a 21% profit reduction would leave these companies more competitive than 75% of other industries, according to the paper.
Other research suggests that many people may be choosing to manage their health conditions with cannabis rather than with prescription or over-the-counter medications.
For instance, a study published this year in
Researchers focused on prescription medications used to treat pain, depression, anxiety, sleep, psychosis, and seizures — specifically drugs where cannabis could be an effective substitute.
“What we found is that for the majority of these categories, there are reductions of about 9% to 13% in the utilization of those prescription drugs in the Medicaid population in states that legalized recreational cannabis,” study author Shyam Raman, a doctoral student in the Jeb E. Brooks School of Public Policy at Cornell University in Ithaca, New York, told Healthline.
In addition, a 2017 study in Health Affairs saw a similar decrease in the use of certain prescription drugs by Medicaid enrollees in states that had legalized medical cannabis.
These studies focused on overall drug spending after cannabis legalization. Other research has looked at how individual patients respond to having legal access to cannabis.
In a study published last year in the journal
The majority of patients in the study had chronic pain, but some people had anxiety, arthritis, insomnia, headache, or other conditions.
In addition to the drop in prescription opioid use, researchers saw a decrease in the percentage of patients using non-opioid pain medications, antidepressants, anti-seizure medications, and benzodiazepine.
“This study adds to the ever-increasing body of research which suggests that when patients incorporate medical cannabis into their course of care, they tend to reduce their use of prescription drugs, and also alcohol, tobacco and other substances,” study author and cannabis researcher Philippe Lucas, PhD, president of Calgary-based SABI Mind, told Healthline.
Studies such as this come at a time when both the United States and Canada are dealing with an opioid crisis.
In 2016, more than 42,000 Americans died of an opioid overdose, with 40% of those involving a prescription opioid, according to the Department of Health and Human Services.
“Evidence suggests that cannabis might offer patients, particularly those dealing with chronic pain, a safer alternative to using opioids,” Lucas said. “This can save lives and also improve public health and safety overall.”
The decrease in prescription drug use by medical cannabis users seen in the study by Lucas and his colleagues also occurred alongside an increase in their quality of life, with the biggest changes occurring in their physical health and psychological health.
Be that as it may, experts like Raman said one concern with the legalization of cannabis is that people may discontinue their regular medical care in favor of cannabis.
Lucas agreed and said that people need to communicate with their physician that they’re using cannabis, either to manage a medical condition or simply recreationally. This is especially important before stopping any prescription medication.
An open line of communication about cannabis use also needs to go both ways, Lucas added. But for that to happen, physicians will need more training.
“We need to see a higher level of education for primary care physicians on the positive and negative impacts of cannabis use, particularly medical cannabis use,” said Lucas.
Legalizing cannabis at the federal level could cost the pharmaceutical industry billions of dollars, according to new research.
But at the same time, legal access to cannabis could offer an alternative or complement to prescription medication and possibly mitigate the ongoing opioid crisis.
As states continue to expand and implement cannabis legalization policies, people who rely on prescription medication for health conditions should speak with their doctor before replacing or supplementing their medication with cannabis.
“We need to make sure those individuals can communicate with their physicians, and build cannabis into a treatment plan,” Raman said. “Or at least include the fact that they may be self-medicating [with cannabis] in their medical history.”


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Don’t have the time to rehash last year and want to know what’s in store for the next 18 months? You’ve got freight to move, so here are the takeaways from the annual State of Logistics report released on Tuesday by the Council of Supply Chain Management Professionals and JOC.com reporting.
Industrial Real Estate
Industrial Real Estate
News & Analysis
12 Mar 2019
Mega-box warehouses of 1 million square feet and larger offer the size and efficiencies that are necessary for efficient e-commerce fulfillment, but finding sites in urban areas large enough to support the sprawling facilities can be problematic.
15 Feb 2019
Import demand growth in the region is improving prospects for already strong exports of petrochemical, agricultural, and forest products, which had previously been limited by a shortage of empty containers.
07 Feb 2019
Space taken by shippers and transportation providers accounts for an increasingly large share of the tightening Mexican industrial real estate market, which offered low vacancy rates and high rental costs in 2018.
01 Feb 2019
The US-China trade war may be a one-off event, but it highlighted the tenuous balance of warehouse supply and demand in Southern California and New York-New Jersey, where future trade or weather events could result in meltdowns.
02 Jan 2019
Users of industrial space who are looking for the right location for additional space must be prepared to pay more, sector analysts say.
18 Nov 2018
Sponsored: CenterPoint's Brian McKiernan, and JOC Inland Distribution panelist, on the Chicago market, and developing industrial real estate with the flexibility to keep up with robotics and technology.
09 Aug 2018
Historically, when warehouse/industrial rental rates increase at near double-digit levels, it reduces demand. However, as the US economic expansion continues, that is not occurring, especially near seaports and in large inland hubs, where import distribution and e-commerce fulfillment needs are the greatest.
10 Jul 2018
Shippers that use the Port of New York and New Jersey may find that Syracuse offers an attractive option once a rail-linked inland port is built. But will its lower rent offset higher logistics costs?
08 Jun 2018
Shippers looking to move cargo to, from, or through Mexico will likely face a challenge finding warehouse and logistics space, as vacancy rates in some areas have hit their lowest levels in six years.
25 Apr 2018
Shippers and logistics providers seeking warehouse space in the Port of New York and New Jersey area amid rising rents and declining vacancy rates are unlikely to see near-term relief, even as more than a dozen projects will add more than 12 million square feet to the market, real estate brokers say.
23 Apr 2018
Beneficial cargo owners looking for industrial space face one of the tightest US real estate markets in years, especially in large seaport and inland cities, as growth in traditional import logistics and e-commerce is creating especially strong demand in large population centers.
17 Apr 2018
Heeding requests from the third-party logistics providers community involved with container freight stations, the customs agency put aside a decree restricting storage of direct port delivery containers left uncleared by consignees at the wharf, to a single, port-designated off-site depot, and instead reopened that business to all storage yards in and around the port.
12 Apr 2018
Sponsored: NAI Global Logistics Director Adam Roth and JOC Senior Content Editor Alessandra Barrett sat down at the 18th Annual TPM Conference in Long Beach, California to discuss how the electronic logging device mandate and e-commerce are shaping demand for industrial real estate in the United States.
26 Mar 2018
Here is a directory of more than 175 warehousing service providers across the United States.


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Here’s The Most Actively Used Apps For HUAWEI Nova Users
With the HUAWEI Nova 7i soon to launch in Malaysia, the folks at HUAWEI Malaysia did a research on the top frequently used apps for their nova users.
According to the study, they found that users frequently use include Facebook, Instagram, Spotify, and WhatsApp, which isn’t surprising seeing how popular these apps are.
Other than that, they found that Touch ‘n Go eWallet, Maybank MY, and food delivery apps popular during mealtimes.
As for games, it seems that nova users are fond of PUBG Mobile, Mobile Legends: Bang Bang, as well as Clash Royale during work.
As the HUAWEI Nova 7i gets released soon, users can download apps directly from the HUAWEI AppGallery.
We are actually the first country (outside of China) to get the HUAWEI Nova 7i. For more details on it, do check out our previous coverage here.
Pokdepinion: Can’t really say that I’m surprised with the apps, I mean they are popular to begin with.


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For over 90 years, Lowther has been designing, producing, and distributing speakers for discerning audiophiles.
This British-born manufacturer has recently released Almira, its first new speaker design in over 30 years. We are thrilled to announce that this new addition will be on display at the UK Audio Show 2022!
The Almira is designed to perform equally well in small and large spaces. It preserves the clarity and scale of larger Lowther speaker cabinets, but with a much smaller footprint.
The Lowther TP2 will also be showcased at the show. It is based on one of the legendary early folded corner horn
This exclusive brand will be at Syndicate 29 at the Staverton Park Hotel on the 8th and 9th October! We are excited to see you there.


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Discount supermarket tycoons dominate Germany's 'rich list'
The founder of bargain basement supermarket chain Aldi, Karl Albrecht, topped a list of Germany's super-rich published Tuesday, with assets valued at 17.1 billion euros (23.6 billion dollars).
The reclusive 90-year-old tycoon was followed in the list of Germany's 500 richest people by the heirs to the fortune of his brother, Theo, who died earlier this year aged 88.
And proving that the discount supermarket business is nothing if not lucrative, third place was taken up by Dieter Schwartz, head of Aldi rival Lidl, who has amassed 10.5 billion euros.
The number of billionaires in Germany, Europe's top economy, rose to 103 from 99 last year, according to the survey, published in Manager Magazin.
Combined, the top 100 richest people in Germany saw their fortunes rise by 0.6 percent over the year, to 287.35 billion euros.
© 2010 AFP


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Good Morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know.
1st Gear: Suck It, Analysts
Second quarter financial results are in and General Motors is the big winner this time. The company’s $1.1 billion net income easily beat analysts’ predictions, according to Bloomberg. The company doubled its North American profit thanks to the current surging demand for pickup trucks. (Maybe those anti-aluminum ads are working?)
And guess what, analysts who predicted they’d be among the hardest hit by the Chinese meltdown? The General actually did really well in that market:
GM said equity income from the China joint venture rose to $502 million from $476 million a year ago. Even as auto sales have struggled in the market, GM is selling more SUVs and Cadillac luxury cars. It’s also cut costs. In the first half, GM’s market share in China rose slightly to 14.6 percent.
2nd Gear: Hyundai In A Slump
Hyundai, however, has been having a bit of a rough go of things lately, struggling in the U.S. over its small crossover lineup and nonexistent pickup truck lineup. They don’t really have what buyers are after these days, plus their sales in China have been relatively weak. Here’s Bloomberg again:
The firm, which with affiliate Kia Motors ranks fifth in global auto sales, said net profit slumped 24 percent in the quarter to 1.7 trillion won ($1.46 billion), matching estimates. Sales were also weak in the United States and the won’s strength compared to the currencies of Japanese and European rivals continued to hurt Hyundai on exports.
The automaker said shipments to China in the quarter dropped by around 14 percent from a year earlier as competition intensified and growth in the world’s second-largest economy slowed. While discounting will hurt profit margins, Hyundai is counting on higher sales volumes to make up the shortfall.
3rd Gear: The Fight Over The Focus
As negotiations between the Big 2.5 automakers and the United Auto Workers union get underway, we can expect one of the thorniest issues to revolve around the Fords Focus and C-Max. Specifically, where they’re made. Contract negotiations are starting two weeks after Ford announced they’d move small car production from Michigan to Mexico.
Ford historically has had the best relationship with the UAW, but that could change this round. Here’s The Detroit Free Press quoting UAW president Dennis Williams:
“I will save my comments for Ford when we open up Ford,” negotiations, Williams said last week during the GM event. “I will say it’s always concerning to me when any corporation invests outside of the U.S....there are a variety of reasons to do it…we will address Ford at the right time.”
They’re not happy about it for sure.
4th Gear: Ferrari Files For U.S. IPO
Fiat Chrysler is preparing to spin off Ferrari and sell a stake to its shareholders, and they just submitted a request to regulators in the U.S. to do that later this year. From Reuters:
UBS, BofA Merrill Lynch and Santander are underwriting the initial public offering (IPO), the company said in a filing with the U.S. Securities and Exchange Commission on Thursday.
The filing did not say how many shares the company planned to sell or their expected price, specifying only that it would not list more than 10 percent of the business. The IPO is expected after mid-October.
It’s more of a paperwork thing, but it gives us an idea when this will happen.
5th Gear: 24 Hour Buick Test Drives
How much can you really learn about a car in a brief test drive? Probably not much. To that end Buick is starting to let customers keep them for 24 hours before making a decision. From The Detroit Free Press:
Other brands have done versions of overnight test drives in the past. Buick also has done an extended, overnight test drive as part of a GM promotion across all brands in 2003 and 2004. That test drive featured a financial incentive to participants if they purchased a rival automaker’s vehicle after testing a GM vehicle overnight; this promotion does not have any financial incentives.
Buick sales through the first half of the year are down 6.3 percent to 106,314. Encore subcompact crossover sales are up 29.1 percent, but Buick has struggled with sales of passenger cars including the LaCrosse, Regal and Verano.
They could use the help.
Reverse: But How Many Of Them Had VTEC, Yo?
Neutral: How Does Hyundai Bounce Back?
More crossovers would help. I think the Santa Cruz pickup truck would too, but that’s just me...
Contact the author at firstname.lastname@example.org.