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Advance Auto Parts Inc. said Thursday that its fourth-quarter profit jumped more than 70 percent as it benefited from the addition of sales from a car parts supplier it bought last year.
The Roanoke, Virginia, seller of windshield wipers, batteries and other auto parts reported earnings of $84.4 million, or $1.15 per share, up from $49.3 million, or 67 cents per share, a year ago.
On an adjusted basis, Advance Auto said it earned $1.37 per share, missing Wall Street expectations of $1.48 per share, according to Zacks Investment Research.
Revenue climbed nearly 59 percent to $2.24 billion in the fourth quarter. Analysts expected $2.28 billion. Same store sales, a key gauge for retailers that excludes recently opened or closed locations, rose 1 percent.
Last year, Advance Auto completed a $2.04 billion deal for privately held distributor and supplier General Parts International Inc., which the companies said would create the biggest automotive replacement parts provider in North America. It also had acquired privately held Northeast car parts supplier B.W.P. Distributors Inc. in late 2012.
Advance Auto now operates more than 5,370 stores in North America, Puerto Rico and the Virgin Islands. That's compared with about 4,050 stores a year ago.
When vehicle sales tumbled a few years ago, auto parts retailers such as Advance Auto Parts got a sales boost, as more Americans kept their vehicles longer and invested more in keeping them running.
But improved consumer confidence and cheap gas are likely to push new car sales to their highest level in a decade this year.
Analysts expect sales to reach 17 million for the first time since 2005. That's close to the record of 17.3 million set in 2000.
For all of 2014, sales were up 6 percent to 16.5 million vehicles, according to Autodata Corp. That was the biggest year for the industry since 2006.
For the full year, Advance Auto said its profit rose 26 percent to $493.8 million. Revenue increased 51 percent to $9.84 billion. It expects full-year earnings for 2015 in the range of $8.35 to $8.55 per share.
Michael Felberbaum can be reached at http://www.twitter.com/MLFelberbaum.


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Awarded the bronze medal at the SIMA Innovation Awards, the new Trelleborg ATMS represents the future of agriculture by bringing smart farming to everyday operations. The system acquires real-time tire data for ultimate tractor performance through its sensors, mounted on a tire integrated support.
The new ATMS detects the tire working conditions including each tire's dynamic load, pressure, and temperature. While working, the farmer is constantly informed on how to fully optimize the tractor configuration in each operation through the most appropriate tire inflation pressure for an optimized footprint and reduced soil compaction, and the correct tractor ballast and implementation set-up for improved drivability on the road, greater traction and lower rolling resistance.
Gianluca Abbati, Vice President Technology & Innovation at Trelleborg Wheel Systems, says: “We work hard to make sure farmers can produce more while using fewer resources. That means leveraging new technologies where they need it most. Smart farming and sustainable agriculture must rely on accurate, real-time data. Trelleborg ATMS is a real market differentiator, providing the most important data to achieve a cost-effective agribusiness, by maximizing vehicle operations, reducing working time and fuel consumption.”
At booth D065 visitors will be able to see a huge digital installation representing a real-size tractor showing how the new Trelleborg ATMS works in different scenarios.
Another tire solution on display for the first time at SIMA is the new Trelleborg HF1000, the next generation implement tire. Specially designed for increasing load capacity on large forage wagons and slurry tankers, the new HF1000 is the perfect tire with unrivaled efficiency for demanding applications.
With its VF casing and steel belted structure, this tire ensures long durability and superior performance both in the field and on the road. Even under maximum stress when a vehicle is fully loaded, its innovative tread pattern ensures up to a 12.5% wider footprint compared to a premium competitor, ensuring efficient load distribution and maximum respect for the soil. In wet off-road conditions, the new HF1000 tread design includes an outstanding self-cleaning feature, resulting in up to 40% more for improved drivability, stability, and overall tire performance versus a premium competitor.
As a leading expert in tire and complete wheel solutions, Trelleborg brings to SIMA its patented agricultural TW rim profile used for modern and large agricultural equipment, such as tractors, combines, and harvesters. It ensures enhanced performance, easier fitting, and inflation of low-pressure tires.
At booth D065 Trelleborg experts will be there to advise on how to improve farming operations with innovative tire solutions including TM1000 ProgressiveTraction®. This is a multi-award winning tire, capable of providing superior load capacity, reduced soil compaction, and unbeatable traction. Alongside it will be PneuTrac®, specifically designed for vineyards and orchards, which combines the advantages of a radial agricultural tire in terms of fuel efficiency, comfort, and handling, with the footprint and traction benefits of a track.
To find out more about Trelleborg's agriculture tire solutions visit our tire experts in person at SIMA in hall 7, Booth D065, or go to www.trelleborg.com/en/wheels/products-and-solutions/agriculture-and-forestry-tires.
SIMA 2022 is the international exhibition of solutions and technologies for efficient and sustainable agriculture, which is celebrating its centenary in Paris, France, from November 6 to November 10, 2022. With attendees from all areas of the profession, the trade fair will cement its position as a leader in the sector with a new approach, extended content, and enhanced showcasing of innovations across the agricultural sector.

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Is the UK good for startups?
The results showed that the United Kingdom ranked as the 2nd best country overall in Europe for startups, just behind Germany. Despite worse overall economic measures as measured by lower GDP growth expectations and GDP per capita, the UK remains a solid choice for entrepreneurs.
Is UK a good place for entrepreneurs?
According to the G20 Entrepreneurship Barometer, created by accountants EY, the UK is the best European country for entrepreneurs, thanks to our tax systems, laws and skilled workforce. The UK has been named as one of the best places in the world for entrepreneurs.
Is UK good for tech startups?
The UK’s start-up scene is flourishing
For almost two decades, the number of digital tech companies born in the UK has boomed. This sustained growth has continued, and as recently as 2017 the region saw a jump of almost 60% in the number of newly launched tech companies.
Why is the UK a good place to start a business?
As previously mentioned, the UK is considered one of the best places to start a business due to its low start-up costs. Further to this, the British government also provide several schemes that offer advice, grants, and tax benefits for new start-ups.
Which country is better for business US or UK?
It is the second straight year with the U.K. in the lead. … “The U.K. has a globalized economy that is more open than most across the world in terms of trade, investments, capital flows and, until recently, immigration,” says Moody’s chief economist Mark Zandi.
Is London a good city for startups?
The UK capital was the only European city to make the top 10 in Startup Genome’s ranking, tying with New York in second place for the second year in a row. London is Europe’s number-one start-up city, according to a recent report by Startup Genome.
How entrepreneurial is the UK?
There are 5.9 million small businesses in the UK as of 2020. 64% of the UK’s labour force wants to start a business. The average age of UK entrepreneurs is 40. 91% of UK entrepreneurs succeed after the first year.
Is London a Best for business?
Within the UK itself, London is streets ahead in terms of investment and job opportunities. It has a larger and more diverse talent pool, better connections to the world, and is home to the headquarters of many global businesses. It’s no surprise then that starting a business in London is a great idea.
Why London is best for business?
When choosing where to do business, London meets all the right criteria. It’s home to all the right people, the highest-quality services and a multitude of opportunities. When you look at it all together, London becomes even more than the sum of its parts.
Is UK technologically advanced?
According to the International Telecommunications Union Index, Britain has the fourth best communications technology in the world just behind South Korea, Iceland and Denmark.
How many start ups in UK?
The UK start-up revolution shows no sign of ending. Last year nearly 660,000 companies were established, up from 608,000 in 2015, according to the Centre for Entrepreneurs, a think-tank. This year it looks likely that the record will be broken again, according to the CfE’s Startup Tracker.
What is the biggest tech company in UK?
Be sure to also check the Top 10 UK tech companies’ summary after the list!
- Oxford Instruments.
- FDM Group.
- TalkTalk Group.
- Micro Focus.
- Blue Prism.
- Moneysupermarket Group.
Is the UK business-friendly?
The UK has been named as the sixth most ‘business-friendly’ country in the world. England, Scotland and Northern Ireland, all formally known as the UK, have been named the 6th most business-friendly place in the world, according to the World Bank Group’s Doing Business 2016 report.
Is UK good for marketing?
As a major influencer in the marketing industry, the UK offers ample education and career opportunities. So, with an eye for design, a way with words, and a unique, innovative mind, you will be the perfect candidate to study marketing abroad in the UK and start grabbing your audience’s attention.
Is the UK good for business?
The UK offers a robust, business-friendly environment to reliably expand, trade and invest. The UK has a mature, high-spending consumer market and an open, liberal economy, world-class talent and a business-friendly regulatory environment.


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Quixey finally monetizes app search, adds sponsored results
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Quixey, the fast-growing Mountain View search startup that offers a way to find apps based on what they do, just announced a big first step into being a mature search engine: search advertising.
Quixey's technology powers search for a range of app store owners and partner websites, including Microsoft, Sprint and Ask.com. It receives over 100 million queries a month, with its volume doubling year over year, Quixey product chief Guru Gowrappan told me, and he expects that to double again in the third quarter.
But one thing the company hasn't done yet is monetize all that traffic. That's been by design, Gowrappan said, because many of the search also-rans made the mistake of trying to monetize too fast and ended up with bad, non-relevant ads and too little search traffic to matter. By ensuring that it had a lot of partners before even attempting search ads, Gowrappan says Quixey is in a much better position to make it work.
Search, obviously is a big industry, estimated to be worth about $30 billion worldwide, and its almost entirely dominated by Google. But specialized search engines are a comparatively open field, particularly app search where most of competitors, such as Chomp, were bought when they reached a certain size.
The new feature is out in beta Thursday, and it already has some big sign-ups, including Gowrappan's old company, Zynga. The service is fairly standard for search advertising — it displays a highlighted search result at the top of the results page for certain keywords, phrases and categories. It uses Quixey's own proprietary "functional search" technology to match ads with queries, ensuring a high click-through rate because ads are only shown against searches when they're relevant. Pricing is on a cost-per-million-impressions basis at the moment, but as things get refined, Gowrappan said the company plans to switch over to a cost-per-click model and implement more advanced features like pricing auctions with real-time bidding.
Jon Xavier is the technology reporter at the Silicon Valley Business Journal.
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The economy is headed for another shallow recession, according to Westpac Bank economists.
The bank’s latest quarterly forecasts suggest that the lack of overseas visitors over the summer would cost the country up to 6 percent in gross domestic product (GDP), and result in the economy contracting by 0.7 percent in the six months to March.
Westpac Bank chief economist Dominick Stephens said the Covid-19 shock was not over.
“GDP remains below the path it was on before Covid hit, reflecting the loss of international travel and tourism resulting from the closure of the border since March.
“With the domestic economy having already recovered its lost ground, and tourism remaining out of action, further growth will be harder to come by in the coming year.”
Stephens said by the end of 2021, he expected GDP to be up just 2 percent on a year earlier.
The economy grew more than 14 percent in the three months ended September, as post-lockdown activity rebounded. The latest employment figures also showed falling unexpectedly to 4.9 percent.
Recent real time indicators have showed more subdued retail sales, freight movements, and continued contraction in the services sector, which makes up two-thirds of the economy.
“I think one of the key drivers of the relatively slow growth that we are expecting is ongoing construction and household spending activity. So basically rapidly rising housing prices are incentivising people to build more and spend more,” Stephens said.
The one economic hotspot remained the housing market, which Westpac Bank picked to rise by 17 percent over the next 12 months, but said rising dwelling consents and little to no net migration since Covid-19 emerged was a sign that house prices and rent inflation could ease later in the year.
“When we put together very slow population growth and very strong housing activity, we are actually building far more than enough now to keep up with household formation and that means those severe shortages, while they are still there because they built up over years, they are rapidly receding,” Stephens said.
It forecast inflation would climb to as high as 2.5 percent in June, because businesses would continue to struggle with stretched supply chains, driving up costs.
However, the Reserve Bank is picked to hold the Official Cash Rate at 0.25 percent until 2024, because it expected inflation to fall to 0.8 percent in 2022, as supply chains normalised and partly because of a rise in the exchange rate, which it forecast to rise to 78 cents against the US dollar.


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Due to the U.S. Government partial shutdown, the Federal Trade Commission announced a temporary suspension of all of its investigations, including those into debt collection activities. As a result, the FTC has stated that its investigators cannot conduct normal fact-finding and attorneys cannot engage in settlement negotiations at this time. In particular, during the government shutdown, the FTC has announced that consumer hotlines will not be staffed; the FTC will not hold events, publish reports, or respond to Freedom of Information Act requests; and all other consumer protection activity would cease.
During this time, nearly all of the agency’s active legal work will be on hold. However, some judges may require certain cases to continue.
Troutman Sanders will continue to monitor and report on developments with the FTC.


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If your local Blockbuster closed its doors before you could return that overdue DVD you just found under your couch, you’re in luck — you can still drop it off. The only catch is that you might have to drive to Alaska to do it. Although Blockbuster shuttered its remaining corporate-owned brick-and-mortar outlets in January 2014, its bare-bones website lists roughly 50 stores that remain open in such locations as Bend, Oregon; Grand Forks, North Dakota; and even a town called the North Pole, Alaska, on 320 North Santa Claus Lane, to be exact. (Hat tip to reddit for finding the list.) “If you were to go into any of our stores in Alaska on a Friday or Saturday night, you’d be surprised how many people are in there,” says Alan Payne, the owner of more than 20 of the remaining stores.
Payne’s and the rest of the surviving Blockbusters are essentially BINOs — Blockbusters in Name Only. With the corporate superstructure dissolved, they operate independently, navigating their own way through an increasingly shrinking market. They’re also now technically classified as licensees rather than franchisees, since the owners pay a monthly fee for the right to use the Blockbuster name. And the Blockbuster name is really all that exists of the once-mighty video rental store chain, which a mere decade ago, boasted a market value of $5 billion, with 9,000 stores staffed by 60,000 know-it-all teen film buffs and/or wanna-be filmmakers.
The Blockbuster Video store in North Pole, Alaska.
But when the corporation stumbled, it stumbled hard. The seeds for its demise were arguably planted in 2002 when Blockbuster had the opportunity to purchase a fledgling rental-by-mail service called Netflix (created, as the story goes, by disgruntled renter Reed Hastings, who was unhappy about owing $40 in late fees for a copy of Apollo 13) for a mere $50 million — and passed. Netflix subsequently found its footing and its almost-owner played catch-up from then on, unsuccessfully launching its own subscription service in 2004. By 2010, a drastically slimmed-down Blockbuster filed for bankruptcy, and was purchased the following year by the satellite-TV company Dish Network, for much, much less than $5 billion: try $320 million.
Dish kept the Blockbuster name for its on demand service, Blockbuster@Home, and spent the next two years closing down physical stores. Nov. 9, 2013 was the last day customers could use their Blockbuster cards to rent a DVD — appropriately enough, This is the End holds the honor of being the last movie the company ever rented. January 12, 2014 became the final day of operations for corporate-owned locations, leaving behind only those independently-operated BINOs.
The Blockbuster Video in Grand Forks, North Dakota
The highest concentration of BINOs can be found in Alaska and Texas, where Payne operates a small, but modestly profitable rental empire. Payne’s Austin-based company, Border Entertainment, currently oversees 23 Blockbusters, down from 26 last year, and 41 at the height of his success in 2009. Whether the stores are in Anchorage or El Paso, he says, little has changed since the mid-’90s: The familiar Blockbuster logo and color scheme are still in place and, more importantly, there’s a lot of foot traffic through the aisles, particularly on weekends. “I hear a lot of people saying, ‘Your stores are so busy, why are you closing them?’” Payne says.
Behind the scenes, though, this definitely isn’t the ’90s anymore. For starters, Payne rarely deals with anyone from his ex-parent company. “As far as I know there is no Blockbuster Inc. anymore, other than somebody taking our [licensing] checks every month,” he laughs. That means he’s the one who sets the standard prices on rentals — generally about $3.99-$4.99 for new releases, while older movies rent for 49 cents a day, or 99 cents for five days. And he decides how many copies of specific titles to stock, purchasing them either directly from wholesalers or, occasionally, from Walmart or Best Buy.
He also grants the individual stores a certain degree of autonomy, furnishing them with local budgets to respond to the tastes of their respective communities. For example, horror movies are extremely popular in Texas, which perhaps isn’t surprising, since it’s a state known for its multiple cinematic chainsaw massacres. Meanwhile, up in Alaska, where high broadband rates can make streaming services a pricey proposition, renters snap up full seasons of TV shows. Payne says that HBO series like True Blood and Game of Thrones always fly off the shelves, as does FX’s Sons of Anarchy, NBC’s Grimm and AMC’s The Walking Dead and Breaking Bad. “[In Alaska] you can’t afford to binge-watch on Netflix,” he explains, “so you’ll binge-watch by renting a season of something on DVD for a few dollars.”
One of the stores in El Paso, Texas
As in Blockbuster’s heyday, new releases tend to be the most in-demand titles, accounting for more than half of the revenues from Payne’s stores. But he’s also noticed that the market for older movies has been holding steady, whereas the new-on-DVD business is trending downwards, as iTunes, Amazon Instant, and Netflix give viewers more ways to catch up with recent movies they missed in theaters. (Payne’s stores also continue to rent video games, but he says that market has experienced an even steeper drop-off than the DVD business, which will sadden anyone who used to depend on Blockbuster for their SNES and/or Sega Genesis needs.) “Older movies are harder to find. You can stream them on Vudu and places like that, but you’re going to pay $3 or $4 to rent it. That’s much more expensive than coming to our store and renting it for a dollar or less.”
A strong inventory, attractive pricing, and cost-saving measures have helped Payne hang onto his stores even as Blockbuster itself faded away. (As for the rest of the stores on the online list, the status seems uneven: We called all 50 and found at least 10 had non-working phone numbers, including 4 Payne has closed.) Still, Payne is not under any illusion about the future of his industry. Even he admits to rarely watching movies on DVD anymore, either catching them in theaters or loading up his iPad for those long round-trip flights from Texas to Alaska. “This is not a long-term business,” he says matter-of-factly. “There won’t be 23 stores two years from now. There’s a sea change going on, and we’ve managed to survive it better than other, but I don’t see it bottoming out anywhere. When people start losing that connection with the physical product, the idea of going to the video store to rent that physical product weakens as well.”
Photo credit: © Consumerist Dot Com, Google Images


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BOUCKVILLE >> Nearly 50,000 treasure hunters are expected to descend upon the small hamlet of Bouckville this month during the 42nd annual Madison-Bouckville Antique Week. The largest outdoor antique show in New York State--and the latest in a string of successful events in Madison County this summer--runs Monday August 12 through Sunday August 18.
"We're really excited about this year's show," said John Mancino, president of Madison-Bouckville Promotions, which organizes Antique Week. "The June Antique Show exceeded all of our expectations and we had a great turnout for the first annual Bouckville Classics car show. This momentum has carried over into Antique Week and helped us book thousands of vendors--it's going to be a great event."
Mancino said that more than 2,000 vendors and dealers will line Route 20, setting up on picturesque farm fields alongside local antique shops to create a continuous flow of antiques. Each will have antiques and collectables of all shapes, sizes, and price ranges available for sale or trade. Admission is free to most fields.
In addition, the Madison County Visitors Center, located on Rt. 20, is among the many lots that offer free parking. A convenient shuttle will be running a continuous loop from the Visitor Center to downtown Bouckville Thursday through Sunday.
Those who attend the show on Tuesday through Friday at noon will beat the crowds and also be eligible to win $500 cash by playing the "Cash Walk." Visitors who have their game card stamped at ten participating locations will be entered into a raffle, which will be held Friday at noon in The Gallery Antique Store. The card will be available at the Cider House Antique Shop and, when completed, must be turned in at Troop Scoops.
As is tradition, there will be plenty of food vendors ready to feed hungry shoppers with fare ranging from hamburgers to ice cream to lobster.
For more information on Madison-Bouckville Antique Week, visit www.madison-bouckville.com.
Madison-Bouckville Antique Week is part of a great lineup of summer events in Madison County. For information on lodging, camping, dining, and other arts and entertainment events in Madison County, call 1-800-684-7320 or visit www.madisontourism.com.


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Kirin Brewery of Japan has kept its promise, giving an ex-MLB player a year's supply of beer and $10,000 after his home run hit the beer company's sign last month.
Brandon Laird, who played for the Astros and Yankees, is with the Hokkaido Nippon-Ham Fighters in Japan's Pacific League. His solo homer against the Orix Buffaloes on May 10 hit the Kirin Beer sign over left-field fence, which meant Laird earned a year's worth of beer and the hefty prize money from the brewery.
MLB MOCK DRAFT: Who will the Phillies take with No. 1?
Last month, Laird said he wasn't going to drink the beer, but instead would give it his teammates at practice. The $10,000 reportedly will go to a new house in Arizona.


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Leading tree protection solution provider Tubex, a brand of Berry Global, has launched a new initiative that provides a simple, circular programme for the disposal of the brand’s well-known tree shelters.
Now available to all Tubex users, the Tubex Collection & Recycling Programme – developed and operated by Tubex, in collaboration with key distributors – offers a simple process for the safe and efficient recycling of Tubex’s tree shelters.
Under the scheme, when purchasing Tubex tree shelters, users can request to join the programme. At the same time, they will be able to order bulk sacks for storing the shelters once removed, ready for them to be collected and transferred by the company to be recycled at one of Berry Group’s recycling facilities.
Once at the facility, the tree shelters will be washed and recycled into Polypropylene (PP) pellets. Each run will result in 24,000 kilograms of material being recycled, which is equivalent to nearly 200,000 Tubex tubes.
The material will be re-used by Berry Global to manufacture new tree shelters or in other businesses within the Group.
The use of tree shelters increases plant survival rates by 25%. The shelters provide an enhanced growing environment and optimum microclimate of light, heat, CO2 and moister for saplings, as well as individual protection from mice, voles, rabbits and deer and land operations such as herbicides, pesticides and mechanical weeding.
In the UK alone, tree shelters resulted in over 13 million tree saplings being saved in 2019 – trees that would have otherwise not survived without shelters in place.
The new programme is the latest environmental commitment by Tubex, whose production facility has achieved zero waste to landfill since 2019.
The company already operates a low-emission manufacturing process, that produces just 0.44kg of carbon emissions per tree shelter produced. Each tree planted has the potential to capture 2,900KG of CO2.
The launch of this programme is an important milestone towards Tubex’s sustainability objectives. The company’s standard tree shelters are currently manufactured using recycled polymer, and Tubex’s netting range is produced with 85% recycled polymer.
Next to the use of recycled materials, the company is also working to develop a fully compostable solution.


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Exceldor has announced that it has invested $35 million to build a new poultry distribution centre in Beloeil, Canada, in order to meet growing demand. Construction of the new facility will begin in spring 2018.
The company stated that the 135,000 sq. ft. site was necessary as its current facilities are currently working “at full capacity”.
“The distribution centre’s design will greatly increase effectiveness and optimise our processes. It will link our many production sites to the ultimate delivery to our customers,” said Exceldor’s president and chief executive officer, René Proulx.
“The vitality of the poultry market, combined with the quality and freshness of our products, makes for highly interesting business prospects.
“We are excited to launch this new chapter of growth with the commitment of our members and the dedication of our employees, with whom we have proudly collaborated in growing our organisation.”
Nestle SA has accelerated its product development process by 60% since 2016, according to the company. The faster speed to market has been achieved through a restructuring of its research and development process. Now the company is investing in various forms of artificial intelligence (AI) and machine learning to further improve its R&D process and generate better results.
German chemicals distributor Brenntag has confirmed potential takeover talks with US rival Univar Solutions and is understood to be debating the feasibility of a potential acquisition in the coming months. Univar Solutions confirms that it has received a preliminary indication of interest from Brenntag regarding a potential transaction.
Cargill has announced the acquisition of Owensboro Grain Company, a soybean processing facility and refinery located in Kentucky. The purchase of the Owensboro-based company will support Cargill’s efforts to “modernise and increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets”.


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New Delhi: Tech billionaire Elon Musk has praised teenage-environmentalist Great Thunberg. He called her cool and was astonishing for the sheer amount of brand awareness achieved by her in a few years. Musk was replying on a post sharing the news story about the new Greta Thunberg thermostat that scowls at you when you turn up the heat.
ALSO READ | ‘One AI killer app will emerge…’: Nothing founder makes predictions for 2023
“The sheer amount of brand awareness achieved by Greta within a few years is astonishing. I think she’s cool tbh,” he replied on the Babylon bee tweet.
The sheer amount of brand awareness achieved by Greta within a few years is astonishing. I think she’s cool tbh. — Elon Musk (@elonmusk) December 30, 2022
Teenage environmentalist Greta Thunberg was in headlines due to her row with online influencer Andrew Tata. The latter had sent him a video bragging about his 30 cars-collection and challenged her to do something. Greta replied Andrew Tata sarcastically that garnered a lot of response from the world media.
Musk becomes first person to lose $200 billion
Tech billionaire Elon Musk has become the first person in the world in all-time history to lose over $200 billion worth of wealth, according to media reports. The drastic downfall happened this year itself when Musk-owned electric car automaker Tesla’s shares dropped over 11% from its value in the entire year. Musk’s fortune once peaked at 340 billion in November 2021. Since then, it has seen the continuous downfall.
It is to be noted that he was the second person in history to ever cross the $200 billion mark after Amazon founder Jeff Bezos. Musk had achieved this milestone in 2021 that was attributed to a dramatic surge in the value of Tesla shares. Now, Bernard Arnault, the owner of LVMH is the richest person in the world after overtaking Elon Musk earlier this month.


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CPTPP to raise national GDP by 1.3%: officialWednesday, January 9,2019
AsemconnectVietnam - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help raise Vietnam’s gross domestic product (GDP) by 1.3%, according to an official of the Ministry of Planning and Investment (MPI).
Under the agreement, Vietnam will find it easier to access markets with lower tariffs as well as markets with which Vietnam has yet to sign free trade agreements like Canada, Mexico and Peru, he said.
Thang cited NICF’s forecast that export will rise about 4% while import will expand close to 3.8%.
He said garment-textile and leather-footwear will benefit most from the deal, with export of the garment-textile sector projected to increase from 8.3-10.8% as the result of price competition.
The agreement will also help light and labour-intensive industries grow 4-5%, and their export climb 8.7-9.6%, Thang added.
Moreover, the inflows of foreign direct investment (FDI) in Vietnam will spur the development of the support industry in the country, thus reducing its trade deficit with China.
On the contrary, due to impacts of the CPTPP, such sectors as husbandry, food processing and insurance services may grow slowly, he said, noting that with its weak competitiveness, the husbandry sector will be affected most.
The agreement will lead to fierce competition at home and in other member countries at the levels of product, business and country, Thang said, suggesting firms learn more about the deal to optimise its advantages.
If domestic enterprises fail to bring into full play export opportunities, they will suffer from adverse impacts on export, he said.
The 11-member CPTPP officially came into force on December 30, 2018. It will cut tariffs on agricultural and industrial products, ease investment regulations and enhance protection of intellectual property.
It is one of the most comprehensive trade deals ever concluded and strips 98% of tariffs for the 11 countries with a combined GDP of more than US$13.5 trillion and close to 500 million consumers.
The agreement is expected to promote economic growth and poverty reduction, create more jobs and improve the living condition for the people at member nations.
The trade deal was signed by 11 member states, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam in Santiago in March 2018.
CPTPP eases pathway for Vietnamese exports to Canada, Mexico
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Kansas Lawmakers Introduce Medical Marijuana and Decriminalization Bills
House and Senate Bills Offer Different Approaches to Cannabis Reform
Medical marijuana retailers in Missouri have raked in over $600 million in sales since their program launched. Last weekend alone, recreational sales in Missouri topped $12 million. I guess you could say that this has spurred Kansas lawmakers to take legalization a little more seriously. Legislators now have two cannabis related bills to consider.
The comprehensive medical marijuana legalization bill (SB 135) is a lot like the bill that passed the House in 2021. Basically, we’re looking at debating the merits of the same bill that they’ve been working on for several years. Smoking and vaping would still be banned, patients could purchase up to 3 ounces at a time from a dispensary, and there is a list of qualifying medical conditions. If you’ve been following legalization efforts in Kansas for more than a year of two you’ll recognize that this is all the same story. As long as the Senate President doesn’t kill the bill (again), we should see medical marijuana pass the two chambers.
The other bill pertaining to cannabis is basically a decriminalization bill. Minority Leader Vic Miller (D-Topeka) introduced HB 2363 along with nearly three dozen other Representatives. After the Senate’s failure to act year after year, it isn’t surprising that the House would come out swinging with a bill like this. Kansans are flocking to Colorado, now Missouri, and likely soon to Oklahoma to purchase weed. In a nutshell, the bill would immediately vacate the sentences of anyone on probation or incarcerated for marijuana related violations. Their records would also be expunged. Rather than legalizing marijuana and setting up a market, this would get rid of the punishment for folks caught with pot in a notoriously anti-weed state.
Time will tell if Kansas lawmakers are serious this time about getting something passed. As long as Senate leadership lets the bill work its way out of the committee we could very well see it pass this year.


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Ericsson has released its November 2019 edition of the Ericson Mobility Report, alongside a range of other forecasts with an end-of-2025 timeline and communications service provider insights. As per the report, the global number of 5G subscriptions is set to reach 2.6 billion within the next six years, driven by sustained momentum and a rapidly developing 5G ecosystem.
Average monthly data-traffic-per-smartphone is forecast to increase from the current figure of 7.2 GB to 24 GB by the end of 2025, in part driven by new consumer behaviour, such as Virtual Reality (VR) streaming.
The report also projects that 5G will cover up to 65 percent of the global population by the end of 2025 and handle 45 percent of global mobile data traffic. Given its current momentum, 5G subscription uptake is expected to be significantly faster than that of LTE. The most rapid uptake is expected in North America with 74 percent of mobile subscriptions in the region forecast to be 5G by the end of 2025. North-East Asia is expected to follow at 56 percent, and Europe at 55 percent.
There is also a surge in the total number of cellular IoT connections, from 1.3 billion (end of 2019) to 5 billion by the end of 2025. NB-IoT and Cat-M technologies are estimated to account for 52 percent of these cellular IoT connections in 2025.
Year-on-year data traffic growth for the third quarter of 2019 is at 68 percent, owing to multiple factors like the growing number of smartphone subscriptions in India, increased monthly data traffic per smartphone in China, better device capabilities, an increase in data-intensive content, and affordable data plans.
The report also reveals that most service providers who have launched 5G have priced the packages about 20 percent higher than their nearest available 4G offering.


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Find out the week’s top mobile stories from around the world.
This week.. Facebook leaks 419 mil phone numbers, Twitter switches off tweeting by SMS after hack, China urged to step up research in AI race… and much more…
The phone numbers of hundreds of millions of Facebook users have been discovered online in the latest major data breach for the social network.
A security researcher found 419 million records on an unsecured server, meaning no password was needed to access them.
A total of 18 million were from users in the UK, while around 133 million were from American accounts.
Twitter has temporarily turned off its tweeting by SMS service after its CEO Jack Dorsey’s account was hacked.
While most people use Twitter’s app or website, in the early days of the platform it was common to use the text-to-tweet function and it still exists today. Users can simply text a number on their phone to post tweets on their feed and receive notifications. It’s this function that has been disabled.
China risks a catastrophic loss in competitive advantage to the US in AI if it does not invest more in basic research, according to Peking University professor Wang Liwei.
The next technology breakthrough is more likely to happen in America than in China because the latter trails in basic academic research, said Wang, who specializes in machine perception and is a member of the China Computer Federation’s AI and pattern recognition committee. With a tech war raging, China could find itself cut off from the latest advancements in the technology, he said.
Estonia topped a poll of the most digitally advanced nations this year, according to research conducted by global community network InterNations. They praised Estonia for offering expats and digital nomads the ability to live a more connected life, and hence a better work-life balance.
Comparatively, the UK did not make it into the top 10, despite the fact that UK tech firms have received record-breaking investment over the last year, according to Tech Nation.
Xiaomi said on Friday it has shipped over 100 million smartphones in India, its most important market, since beginning operations in the nation five years ago. The company cited figures from research firm IDC in its claim.
The Chinese giant, which has held the top smartphone vendor position in India for eight straight quarters, said budget smartphone series Redmi and Redmi Note have been its top selling lineups in the nation.
A major security flaw with Android mobile operating system has left over a billion Samsung, Huawei, LG and Sony smartphones vulnerable to cyber attacks.
Researchers at cyber security firm Check Point identified the bug in Android-based phones, revealing that it only takes a single SMS text message to gain full access to a person’s emails.
With more than 866 million registered mobile money accounts globally and $1.3 billion processed daily, mobile money serves as a critical infrastructure for start-ups looking to increase digital payment adoption among their customers in emerging markets, yet they face challenges of adoption, according to the latest report from the General System for Mobile Communication Association (GSMA), the global body that represents the interests of mobile operators world-wide.
A $10m (£8.1m) fund has been set up to find better ways to detect so-called deep fake videos.
Facebook, Microsoft and several UK and US universities are putting up the cash for the wide-ranging research project. Deep fake clips use AI software to make people – often politicians or celebrities – say or do things they never did or said. Many fear such videos will be used to sow distrust or manipulate opinion.
A cheaper blockchain phone is debuting in Southeast Asia, with a U.S. and European launch promised in the near future.
“We think blockchain phones are a promising area for future blockchain industry development. As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices.”


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Suspect with fake gun robs store, kidnaps clerk and customer
Published 6:48 am, Thursday, December 3, 2015
A robbery suspect wielded a fake gun to rob a gas station, kidnap the clerk and a customer and steal the customer's car Wednesday night in southeast Houston.
The incident began about 8 p.m. at a Valero convenience store in the 800 block of Edgebrook near Theta, said Lt. Larry Crowson of the Houston Police Department.
Crowson said officers were dispatched to the store when the burglar alarm sounded. When they arrived, no one was at the store. However, plainclothes officers nearby told investigators they had just seen a car moments before without its headlights on leaving the station.
Crowson said officers spotted the car a short time later and pulled it over. Inside, they found the clerk, the customer and the suspect. The suspect had marched the clerk outside of the store and commandeered the car of a customer who was pumping gas. The suspect forced the clerk and customer inside the car and drove away with them. The suspect, Crowson said, carried a phony gun.
The clerk and customer were not hurt. The suspect was taken into custody.


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COVID Infects Denim Sales and The Industry As Well
It has been now over 150 days since WHO announced COVID 19 as a global pandemic, the world is still struggling to contain the virus and we hope in coming weeks, we find the much-awaited COVID vaccine.
In the month of April, when COVID 19 started to show its lethal and contagious face to the world, there were a lot of speculations made, from the paradigm shift in the consumer behavior to shrinking in the overall denim business for the next two to three seasons, there was a plethora of anticipation and hypothesis.
The Jeans business has been already struggling for the last few years, the influence of athleisure on millennials adversely impacted the sales of Jeans globally and then this pandemic has taken a real toll. Retailers and Brands like G-Star Raw, JC Penny, True Religion, and Lucky Brand have filed chapter 11 bankruptcy during this pandemic period.
True Religion which 1st filed bankruptcy in the year 2017, has now seemed to be into a vicious debt trap. The brand reported
1. $110.5 million in first-lien term loan debt 2. Owed $28.8 million on an asset-based loan facility. 3. Posted a net loss of $50 million
The brand blamed the pandemic for making things very challenging to them, they have sent the workers on furlough to bolster their liquidity.
Lucky Brand filed for Chapter 11 bankruptcy the last month. The brand has announced to sell all its substantial operating assets to SPARC GROUP and the intellectual property to ABG Group.
In its bankruptcy filing, Lucky Brand said it owes nearly $5 million to mall operator Simon Property Group, and millions more to suppliers in Anguilla, Sri Lanka, Guatemala, and India. The brand owed
1. $182 million to lenders 2.$79 million to merchandise vendors
The brand will remain operational however out of a total of 200 stores, 13 stores will be closed.
G Star Raw also filed for Chapter 11 bankruptcy and as per the reports, the landlord of its 475 Fifth Avenue NYC store found to be the biggest creditor with USD 426,000, this is the same store which was allegedly looted by the protesters during #blacklivesmatter protest.
Levis recently reported a decline of 62% in its 2nd quarter revenue which forced them to cut the workforce up to 15%. According to market research firm – NPD Group, there has been a double-digit fall reported in the sales of denim in the past three months compared to the last year.
The sales of premium/luxury jeans costing over $200 witnessed a slump of 40% during the same period, there have been apprehensions that Americans are now preferring lower-priced denim over premium one due to disposal income constraints.
So far as the UK is concerned, according to an estimation, COVID may reduce the spending by more than 20% than the usual spending made by the UK consumers which may bring a fall of GBP 11.1 bn / $13.06 bn in the sales of clothing and footwear in the UK.
The pandemic did not affect only brands/retailers but also forced a lot of factories based in China, Bangladesh, Myanmar, India, Vietnam, and Cambodia to close its entire operation due to a substantial fall in orders as well as due to the failure in the payments commitments by brands.
According to local Bangladeshi media reports, over 7,854 orders were either canceled or postponed by the fashion industry during this pandemic. C&A alone canceled orders worth $166m, H&M canceled orders worth $178m, and Tally Weijl initially suspended orders worth $7m and canceled orders worth around $3m.
A total order of $3.2 bn was said to be canceled or postponed in Bangladesh only. Bangladesh annually exports clothing worth $35 bn, the cancelation within few weeks worth 10% of its total exports, though a lot of brands later assured for the payment of already made articles, however, the postponement dismantle the entire supply chain, especially the daily wage garment workers and left them in a lurch.
The industry is now recovering from the early devastation, though the recovery is pretty slow but gradually it will come back to normal. Textile and Apparel industry is one of the largest job creators in the world. This industry had a retail market value of $1.9 trillion in 2019 and according to the projection of BCG, with a CAGR of 3.5%, the valuation will reach at $3.3 trillion in 2030.
Denimsandjeans is a premium denim website dedicated to global denim supply chain since 2007 – covering news, trends, reviews and more. .


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SINGAPORE: Almost a third (30%) of e-commerce sales across Southeast Asia are the result of consumer journeys which begin on social media, such Facebook and Instagram, and end on messaging apps, such as WhatsApp, new data has shown.
According to Reynold D'Silva, Head of Marketing for Brands and E-Commerce at Facebook APAC, a lack of security around online payments and delivery makes two-way trust a critical issue for e-commerce buyers and sellers in the region.
And messaging apps that offer live chat and one-to-one communication give peace of mind for shoppers, he added in an exclusive article for WARC. (For more, read WARC's report: Driving 'social commerce' conversions with messaging apps & social media).
D'Silva explained that more than one billion messages are already exchanged between people and businesses on Facebook Messenger each month.
"With more than 52% of people on Facebook across Southeast Asia connected to at least one business in a foreign country, social commerce enables cross-border purchases," he said.
"The ability of these apps to transmit images and photos enables sellers to build trust by showing transactions done with satisfied customers. It also enables buyers to transmit images of advance payments done via bank account transfers to the sellers."
Fashion, beauty, infant nutrition, high-end skincare and complex devices are some of the most popular categories for social commerce, with shoppers using social media and direct messaging from product discovery to finalising payment.
As D'Silva explained: "48% of beauty buyers who discover beauty content on Facebook say they trust the people who provide information on Facebook because they have a personal connection, and 45% of beauty buyers who discover beauty content on Instagram say the same."
Data sourced from WARC


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He says he did it on purpose.
Also, Fergie named her new fragrance. Guess what she chose!
Back tats, Jesus portraits, and loads and loads of tribals.
And a Georgia couple is in trouble for tattooing their children with a homemade tattoo gun.
And there is one crazy plastic-surgery deal that involves a boob job and a Lady Gaga concert.
Also, should men wear ponytails?
Also, Lady Gaga is getting another tattoo.
Plus, more choice nuggets from the latest issue of 'Food Network Magazine.'
Did you get Carl Fredricksen tattooed on your leg? Didn't think so!
And check out a preview of M.A.C.'s Dsquared2 makeup collection.
Actually, come to think of it, this could be a fresh new revenue stream for Borders.
And Rosebud Salve has a new flavor!
And Agyness Deyn has nail polish named after her — it's gray.
And Beyoncé's red nails are as bold as her stage outfits.
What has become of America's (Former) Sweetheart?
Also, Stefano Pilati just got a sleeve tattoo and Speidi shall wed again.
Also, perfumers are officially out of marketing gimmicks.


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Intel revealed its new AppUp Center today at CES 2010 – Intel’s response to Apple’s App Store, except for netbooks. The application storefront will offer games and other software for netbook users, and is now available as a Windows download from Intel.com.
The store will support Moblin as well as Windows operating systems. Currently in beta, the AppUp Center has a pretty limited software selection – 17 games, two of which are free. However, this number should be exploding soon. Intel’s Atom Developer Program is currently doing outreach for developers who want to get in on the AppUp Center. For a short time, Intel’s $99 yearly developer fee will be waived by developers of applications for the AppUp Center.
Intel GM Renee James released the following statement about the AppUp Center:
“The Intel AppUp SM center offers netbook users quick and easy access to applications specifically tailored to their mobile lifestyle. Our store does the work of aggregating, categorizing and validating applications so consumers can shop, collect and install from one easy source. With today’s kickoff of our beta store, both developers and consumers will be able to take advantage of the rapid expansion of this new category of computing as the stores continually add apps.”
Lots of new technology and applications will be coming out in 2010. Intel, for one, will be jumping into the competition with an app store that will be exclusively for netbooks. In fact, it’ll come pre-installed. Of course the 50 million expected shipments of netbooks in addition to the release of the Intel Pine Trail Atom processor also provide an incentive for Intel to launch an app store.
Fortunately, the director of Intel’s Developer Network, Scott Apeland, says that “The Atom Developer Program doesn’t favor one OS over another, and at its core, the program is meant to facilitate development across multiple OSes… we plan to expand support to different run-time environments, including Adobe AIR and Microsoft Silverlight.”
Developers will be raking in the dough with this new rollout, getting 70% of revenues made, similar to the system in place for Apple. Launch dates for Intel’s new app store are currently up in the air, but no worries, we’ll keep you posted.


text: Latest News Frameri to Close Down Its Operations on Jan. 16 By Staff Monday, January 8, 2018 12:27 AM CINCINNATI—Frameri, the startup company featured on the television show “Shark Tank” in 2015 for its innovative interchangeable frames and lens system, has decided to close its operations, according to a letter the retailer sent to customers Friday. The move follows by just a few months the company’s confirmation that it was looking to expand beyond its initial showroom facility here in Cincinnati into other major cities. The letter from chief executive officer Sam Pellerito stated, in part, “On Jan. 16, 2018, Frameri will be closing its doors indefinitely. I’d like to thank everyone for your commitment to our vision over the years. Since the beginning, we have strived to create a product you could be proud of. Although we have fallen short of our personal goals we know that our product changed the eyewear industry and we are happy to have been part of that.” Pellerito, who began his career at the launch of Frameri with co-founders Konrad Billetz and Kevin Habich about four years ago, moved into the top job last March after Billetz left to oversee the launch of a startup solar energy business in North Carolina, as VMAIL reported.Frameri became widely known in the optical sector when it was featured in an episode of ABC’s “Shark Tank,” which spotlighted new businesses and entrepreneurs who wanted to present their concepts to prospective investors. In addition to a showroom in Cincinnati’s historic Over-the-Rhine neighborhood, Frameri had secured distribution partnerships covering 28 optical retail practices in 15 different states as of mid-2017, Pellerito said last year. Under the partnership arrangements, the optical retailers stocked Frameri products, lenses and frames. Frameri also had a partnership with Hoya Vision Care that began in 2016. In mid-2017, Pellerito told VMAIL that Frameri had stepped up efforts to expand its retail presence beyond its Cincinnati roots and that the next likely location for a standalone Frameri showroom would be Dallas. In addition, he said at the time that the company was looking at locations in trendy neighborhoods in both Chicago and Brooklyn.As part of its shutdown, Frameri announced to customers that it would start a “Farewell Blowout Sale” on Saturday, Jan. 6. The sale offered all frames and single-vision lenses at 50 percent off original prices. Progressive lenses are not offered “for timing concerns,” according to the letter.


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Google has quietly launched a big changed to the way keyword targeting works on the Display Network. Get the scoop!
Great news for advertisers: Google has finally enabled demographic targeting for search campaigns. Learn why this targeting option has so much potential, plus tips and best practices for targeting and excluding by age, gender, and more in AdWords.
Heads up! Google will be retiring the converted clicks metric in September. Here's what AdWords users need to do to measure conversions in their account after the change.
Google just released device-level bid adjustments! You can set different bids for mobile, tablet and desktop devices. Learn how to use this new feature here.
The new Responsive GDN ads should be considered an attractive alternative to text ads for the display network with the ability to reformat to fit different ad sizes and placements. Want to learn how to best utilize responsive display ads to your advantage? Read to find out!
They were announced at the 2016 Google Summit, and now expanded text ads are the default ad type in Google AdWords. We now have a lot more space to explain our products, services, and value proposition in every ad. Hurray! Check out our expanded text ads best practices.
We've found that AdWords Customer Match campaigns boast super-high conversion rates. Now, Customer Match is available in all accounts for Shopping Campaigns!
Google just unrolled the biggest change to the SERP in years. How is the loss of right sidebar ads affecting CTR, CPC, paid ad inventory and more? Check out the early data...


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Ireland is to be first European Union country to export beef to China, the Minister for Agriculture, Food and the Marine, Michael Creed has announced.
Commenting on the matter, Healy said: "This is an important breakthrough for the Irish beef sector and comes after many years of extensive efforts by both the Government and the industry to secure access to the rapidly growing Chinese beef import market".
There are hopes that approvals for five more will follow soon.
Despite this, our exports to China were worth nearly a billion Euro past year and Minister Creed says this move will give farmers access to the biggest market on the planet.
These include the ABP plant in Clones in Co Monaghan, Donegal Meat Processors and Slaney Foods in Co Wexford.
"The Department of Agriculture and the Minister must ensure that emergencies like the fodder crisis do not affect Ireland's ability to supply new markets and I urge the Department to implement an adequate monitoring of conditions affecting the sector and not risk a disruption of supply due to weather or feed crises".
"Over 50% of our beef goes to the United Kingdom, over 250,000 tonnes, so obviously given the fact that we don't know what the future access to that market is going to be, part of our Brexit strategy has been about looking for new markets", he said.
"The opening of Irish beef access is testimony to our industry's strength, reputation and proven track record in the Chinese market", she said.
"This decision also represents a powerful endorsement of Ireland's high standards by the Chinese administration, for which food safety is a prerequisite for trade".
"I understand that the Chinese authorities will list a number of our beef establishments within the next few days", said Mr Creed. Frozen boneless beef accounts for about 80 per cent of these imports.
They are ABP in Nenagh, Kepak Clonee, Liffey Meats, Dawn Meats Charleville and Kildare Chilling.
"Primarily it's a triumph for our beef farmers because they're producing quality, " the minister added.
"This is a market of almost 1.5 billion people so a small part of that market can deliver huge rewards", Creed said.


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Tyson Foods (NYSE:TSN – Get Rating) released its earnings results on Monday. The company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.07), Briefing.com reports. Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The company had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.49 billion. During the same period in the previous year, the company posted $2.30 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Tyson Foods updated its FY 2023 guidance to EPS.
Tyson Foods Stock Performance
Tyson Foods stock traded down $0.15 during midday trading on Monday, reaching $67.26. The stock had a trading volume of 79,813 shares, compared to its average volume of 2,316,438. The firm has a market capitalization of $24.19 billion, a PE ratio of 6.06 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $68.34 and its 200 day moving average price is $79.21. Tyson Foods has a 12 month low of $62.94 and a 12 month high of $100.72.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on TSN shares. Argus downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. The Goldman Sachs Group cut their price objective on Tyson Foods from $111.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Stephens dropped their price target on Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Barclays lowered their price objective on Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th. Finally, Bank of America lowered Tyson Foods from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $73.00 to $61.00 in a research note on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $88.00.
Institutional Inflows and Outflows
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.
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Facebook Cuts Costs as Meta Platforms Stock Tanks
Facebook parent Meta Platforms posted earnings that fell short of forecasts on Wednesday, plunging the company’s stock in after-hours trading as the social media giant with metaverse ambitions scrambles to slash expenses amid advertising headwinds caused by global economic concerns.
The claim comes less than a month after billionaire CEO Mark Zuckerberg outlined massive cost-cutting plans that included restructuring teams and implementing a hiring freeze.
According to Forbes, Meta reported a net income of $4.4 billion, or $1.64 per share, down 49% year on year and falling short of analyst forecasts of $1.89 per share; revenue of $27.7 billion was somewhat higher than the $27.4 billion forecasted, but down 4% year on year.
The corporation also stated that its revenue for the current quarter would be between $30 billion and $32.5 billion, which is at the lower end of average analyst projections.
Meta shares fell 11% to $115 soon after the report, bringing losses to more than 61% this year, significantly worse than the Nasdaq’s 30% drop.
Bank of America analyst Justin Post downgraded Meta shares to a neutral rating in a pre-earnings note, stating that the company’s investment in the immersive virtual reality world known as the metaverse “will remain [an] overhang” on the stock, costing an estimated $10.7 billion next year even as economic concerns potentially intensify.
Meta Platforms Restructuring
The report comes less than a month after Meta Platforms revealed plans to cut costs by restructuring some departments and putting a hiring freeze as ad revenue growth slows amid growing economic pressures:
On Monday, an investor with more than $300 million in stock asked the corporation to cut costs further by laying off workers.
In the earnings release, Meta Platforms CFO David Wehner stated that the company has “increased scrutiny on all areas of operating expenses,” but it also stated that its employee headcount would remain roughly flat from current levels next year; in the third quarter, the company’s free cash flow, which measures cash left over after operating expenses, fell to $173 million from $9.5 billion a year ago.
$47.2 billion in total. That was the value of Meta founder Mark Zuckerberg, 38, after the market closed on Wednesday.
Zuckerberg’s fortune, once valued at more than $130 billion, has dropped by more than 60% since Meta stock peaked in September 2021.
Meta Platforms Investor Urges CEO Mark Zuckerberg to Cut Costs
Mr. Zuckerberg, according to Altimeter Capital Chief Executive Brad Gerstner, must take urgent actions to streamline Meta’s operations and address a precipitous drop in the share price.
“Like many other organizations in a zero-rate environment,” Mr. Gerstner wrote in the letter, “Meta has gone into the realm of excess—too many people, too many ideas, too little urgency.” “Meta needs to rediscover its mojo.”
Meta Platforms shares have fallen more than 50% in the last 18 months, slashing the company’s market worth by more than $600 billion. On Wednesday, Meta will disclose profits after the bell.
Meta did not respond to the letter. Altimeter did not reply immediately to a request for comment.
According to FactSet, Altimeter, which manages over $18 billion, owned around 2.5 million Meta shares at the end of the second quarter. This position, at around $320 million, is not among Meta’s top 15 institutional shareholders.
Mr. Gerstner stated that his firm, which is based in Boston and has operations in Meta’s hometown of Menlo Park, Calif., has been a longtime shareholder in the company but now believes it needs to “become fit and focused.”
Mr. Gerstner stated that Meta should slash headcount expenses by 20%, reflecting the opinions of others who have recently suggested that digital businesses have become bloated with too many staff after years of expansion.
“It’s a well-kept secret in Silicon Valley that firms like Google, Meta, Twitter, and Uber could produce comparable levels of revenue with significantly fewer workers,” he claimed.
Meta reported 83,553 employees at the end of the second quarter, a 32% increase from the previous year.
Like many other IT companies, Meta has been slashing costs for months, dealing with slowed growth and growing competition.
Mr. Gerstner also advised the business to reduce its investment in the metaverse, which Mr. Zuckerberg has hailed as the company’s future and estimated would require more than $10 billion in annual spending.
Mr. Gerstner advised the corporation to cap its spending at $5 billion per year, describing Meta’s commitment as “super-sized and alarming, even by Silicon Valley norms.”
Despite enormous investment thus far, the company is falling short of its metaverse aspirations to create an immersive online experience where users may work, buy, and play.
According to The Wall Street Journal, their primary metaverse service for consumers, Horizon Worlds, has less than 200,000 monthly active users.
“People are perplexed as to what the metaverse even is,” Mr. Gerstner wrote.
Mr. Gerstner emphasized that he was not making demands and believed in Meta’s future.
LGBTQ+ Dating App Grindr Issues Warning To Users In Egypt
CAIRO, Egypt – A popular gay social networking app told its Egyptian users on Friday that police are targeting LGBTQ+ people by pretending to be part of the community.
When Egyptian users open the app, they will display the following warning in Arabic and English:
“We have received information that Egyptian police are actively arresting gay, bi, and trans people on digital platforms.” They use fake accounts and have even taken over the accounts of real people in the community who had been arrested and had their phones taken away. Please use extreme vigilance both online and offline, including with accounts that were credible in the past.”
Although homosexuality is not officially illegal in Egypt, members of the LGBTQ+ community are routinely prosecuted for ‘debauchery’ or ‘violating public morality.’ It detained seven people in 2017 for waving a rainbow flag at a rock festival. Arrests of homosexuals and non-conforming individuals continue to be widespread.
An Egyptian government media officer did not immediately respond to a request for comment on Grindr’s new measure.
The warning comes after rights groups and the media reported that authorities in the region are aggressively using digital platforms to target the LGBTQ+ community.
Authorities in the region are aggressively using digital platforms to target the LGBTQ+ community.
Human Rights Watch published a report in February detailing dozens of examples of security forces extorting, harassing, publically exposing, and detaining LGBTQ+ people in Egypt, Jordan, Lebanon, Iraq, and Tunisia based on their behavior on Facebook and Instagram, as well as the dating app Grindr. The journal also questioned big technology corporations for failing to invest adequately in Arabic language content filtering and protection.
“Grindr is working with groups on the ground in Egypt to ensure our users have up-to-date information on how to stay safe, and we are pushing international organizations and governments to demand justice and safety for the Egyptian LGBTQ community,” Grindr spokesperson Patrick Lenihan said in response to a comment request on Friday.
Grindr, a popular gay, bisexual, transgender, and queer dating app in California, has been chastised in the United States and penalized in Norway for sharing personal data with third parties that might identify users.
SOURCE – (AP)
Dodge Unveils Last Super-Fast Gasoline Muscle Car Of 2023
DETROIT — Dodge’s final gas-powered muscle car won’t depart without thunderous rumbles and exhilarating speeds.
According to the carmaker, the 2023 Challenger SRT Demon 170 will have a 6.2-liter supercharged V-8 engine that produces 1,025 horsepower, making it the fastest production vehicle ever built.
Stellantis, a company created in 2021 by the union of Fiat Chrysler and PSA Peugeot of France, claims it can accelerate from 0 to 60 mph (97 km/h) in a terrifying 1.66 seconds, outpacing even Tesla and Lucid’s electric supercars.
The last of the rumbling automobiles, which for decades were a staple of American culture on Saturday night excursions across the nation, is what the performance brand from Stellantis refers to.
By the end of this year, Stellantis will no longer produce gas-powered versions of the Dodge Challenger, Charger, and Chrysler 300 large sedan due to tighter government fuel-economy standards and a quickening transition to electric vehicles in the fight against climate change.
Beginning the next year, the Canadian factory that produces all three vehicles will be retooled to produce electric versions of larger vehicles. The future of all three cars has yet to be confirmed by Stellantis, but the company did display a Charger Daytona SRT electric concept muscle car back in August.
Although he will miss the classic muscle, Tim Kuniskis, CEO of the Dodge brand and the unofficial spokesperson for America’s gas-powered rubber burners, expressed excitement about creating electric performance vehicles.
It’s the end of an era, he declared on Monday. “Electric items are really quick. One of the essential components of a muscle automobile is rapid acceleration. I, therefore, automatically possess authority. Now I must find out how to include all the other aspects of the thrilling driving experience.
The new Dodge Challenger Demon also generates 945 pound-feet of torque or rotational force.
Since the summer of last year, Dodge has released potent “Last Call” special editions of its gas-powered muscle vehicles, culminating with a display of the Challenger Demon 170 on the drag strip at the Las Vegas Motor Speedway on Monday night.
The new Dodge Challenger Demon also generates 945 pound-feet of torque or rotational force; this power required the firm to fortify the differential and rear drive shaft using aerospace-grade metals. The Challenger Demon is a descendant of a vehicle that went on sale in 1969.
Stellantis claims that the automobile will be the first mass-produced vehicle to complete a quarter-mile (0.40 km) in less than nine seconds, precisely in 8.91. It reaches a speed of a little over 151 mph to do. (243 kilometers per hour). How much ethanol is included in the fuel affects horsepower and speed.
Even though it barely gets 13 cities and 21 highway miles per gallon, it’s unlikely that anyone buying one will give a damn even while the world contends with climate change.
Although there are only a few cars, according to Kuniskis, the ethanol they burn is cleaner than gasoline. By the time production of the gas-powered models concludes on December 31st, Dodge will have produced 2 million muscle vehicles, he claimed. He claimed that Dodge’s supporters merited a celebration.
After all these years, “we owed it to them as much as we did to celebrate this end and give them something that produces a lot of pride in the brand that they love,” he said.
Even though the Dodge Demon 170 comes with large racing tires, it is street-legal. The business provides a set of smaller, more street-friendly wheels and tires to make it a daily vehicle.
It’s really simple to identify which cars people want to collect if you look at some of the cars.
The car’s only standard features, at an absurd price of $96,666, are the driver’s seat and a simple radio. A/C is present, though. Back and front passenger seats can be added for $1 each. Additionally available are leather, a sunroof, and a superior audio system.
Only 3,300 of them will be produced by Stellantis, and Kuniskis is still determining if they will reach that goal due to potential part shortages and a constrained production schedule.
According to Kuniskis, if prior limited-edition versions are any indication, the Demon 170 should quickly become a classic collector’s car.
It’s really simple to identify which cars people want to collect if you look at some of the cars we’ve had in the past, he added. “Often, it’s the lesser (sales) volume, extreme examples—whether they’re extreme in performance or excessive in appearance. This one does have both.
SOURCE – (AP)
Reddit Down, Over 60,000 Outage Platform Issues Reported
Reddit Down: According to Downdetector and anyone who has tried to load the platform, the social media platform Reddit is experiencing an outage affecting its website and app. Since at least 12:18 p.m. PDT, Reddit has been unavailable.
The company has identified an internal systems problem and a fix “that may take some time to implement,” according to the company. The fix was discovered at 2:43 p.m. PDT.
A Reddit spokesperson declined to comment on what caused the outage or how long it will take to resolve.
Downdetector has received over 60,000 reports of platform issues, and many TechCrunch reporters have confirmed problems loading Reddit.
There is no content on the web page, and a pop-up says, “Sorry, we couldn’t load posts for this page.” The iOS app still displays content downloaded several hours ago, but no comments are displayed.
According to Reddit, over 100,000 active communities worldwide cover various topics and interests.
Reddit downtime revealed a “data security incident” last month in which a hacker used a “sophisticated phishing campaign” to access internal documents and business information.
According to the company, it became aware of the phishing attack on February 5 and that the information accessed may have included “limited Reddit code, limited contact information for a small number of company contacts and employees (current and former), as well as limited advertiser information.”
According to Reddit, no high-risk data such as credit card information, company financial information, account passwords, campaign strategy, or performance were accessed.
Reddit confidentially filed a draft registration statement with the SEC for a proposed initial public offering in December 2021. The company is worth more than $10 billion.
Reddit was founded in 2005 and was purchased by Condé Nast the following year. Condé Nast spun out the site in 2011, while Advance Publications, Condé Nast’s parent company, retains a minority stake.
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Recall on childrens medicine 2010 | Tylenol, Motrin included
The FDA-backed, company-announced recall on children’s medicine 2010 has been issued. The recall on children’s medicine 2010 includes a large number of over-the-counter liquid children’s medicine. If you have any of the recalled medicine, you can get a small loan of a coupon or refund for the product. Either way, the FDA and McNeil Healthcare suggest that you discontinue use of these medicines.
Why the recall on children’s medicine 2010
The recall on children’s medicine 2010 was initiated by McNeil Consumer Healthcare – the manufacturer of the medicine. The recall has been announced for three major reasons. First, some of the medicines have “a higher concentration of the active ingredient” then is on the label. Second, some of the medicines have “inactive ingredients that do not meet internal standards” for quality. Third, some of the recall on children’s medicine 2010 is because there are small particles in the medicine.
What is included in the recall on children’s medicine 2010
There are seven different products in the recall on children’s medicine 2010. These products include a variety of flavors of:
- Tylenol Infants’ Drops
- Children’s Tylenol liquid
- Children’s Tylenol Plus liquid
- Motrin Infant’s Drops
- Children’s Motrin liquid
- Children’s Zyrtec liquids
- Children’s Benadryl Allergy liquids
A full list of products included in the recall can be found on the FDA Children’s medicine recall 2010 announcement. The recall affects 12 countries, including the United States and Canada. If you are in a country other than the United States, you should check with that country’s pharmaceutical safety agency for recall processes.
Recall on children’s medicine 2010 continues Tylenol problems
The recall on children’s medicine 2010 is the second Tylenol recall of 2010. In January of 2010, Children’s Tylenol pills and chews were recalled. That recall was because of “confusing dosage instructions” on the package. McNeil Consumer Healthcare has set up a website with full information on the recall on children’s medicine 2010 at McNeilProductRecall.com. The company has said that it will “undertake a comprehensive review” of its manufacturing processes.


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This edition of our newsletter begins with a new article about some of the breakthroughs in gut microbiome science seen in 2020.
Next up, Prof. Philip Calder provides an update on the role of nutrition in supporting the immune system as part of the current fight against COVID-19. You will also come across a recent narrative review that sheds some light on the clinical impact of interactions between drugs and the gut microbiome.
Finally, we have also published a new opinion article about whether dietary guidelines should advise consumers to deliberately include safe microorganisms in their diets.
The GMFH publishing team


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Earlier this year, Spotify announced that it had 70 million paying subscribers
reaffirming its place as the number one streaming service in the world, with Apple Music a distant second with 30 million as of September last year. In a new report in The Wall Street Journal, it appears that Apple is gaining subscribers at a higher rate in the United States, and will surpass Spotify for the number one spot this summer.
Globally, Spotify remains ahead, but Apple is growing at a higher rate in the US — five percent a month verses Spotify’s two percent per month. The US is the largest market for music streaming with 30 million paying subscribers, and Apple’s growth there means that it’s becoming a serious challenger to Spotify. Globally, Apple tells the WSJ that it now has 36 million subscribers.
The WSJ says that Apple’s growth has been fueled in part by its devices in the hands of consumers, and with the release of its $349 HomePod speaker system next week, it will have another outlet through which customers can listen.
In the last couple of years, streaming has become the dominant means through which people consume their music, with 62 percent of revenue coming from services like Spotify and Apple Music


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The Gulf’s consumers are keeping a keen eye on the weighing scales … health and wellness — and products that support it — are now their top priority, according to a Nielsen survey. In fact, 67 per cent of respondents in the UAE and 66 per cent in Saudi Arabia conform to this opinion.
Consumer product marketers had better take these findings into consideration.
“While consumers strive to lead healthier lives, food manufacturers and retailers are important partners in supporting consumers in looking after their well-being,” said Arslan Ashraf, Managing Director, Arabian Peninsula and Pakistan, Nielsen, in a statement. “But only less than half of the consumers believe that their needs are being fully met with current product offerings available in the markets.
“This presents a good opportunity for food manufacturers and retailers to fully realise the growth potential in this space through innovation.”
Fifty-two per cent of UAE based respondents felt their health aspirations are not being fully met by what is available at stores, while the corresponding number for Saudi Arabia was 60 per cent.
So, what should vendors be doing to tilt the scales in their favour? “Manufacturers should … innovate by incorporating or removing undesirable ingredients to improve the nutritional profile of their products,” said Ashraf. “At the same time, retailers may want to look beyond a single category or department, and recognise that health and wellness matters across the entire store by carrying an array of healthful options to cater to these needs.”
The Nielsen Global Health and Ingredients Sentiment Survey generated these pointers:
• Being healthy has its “emotional and social manifestations" to consumers;
• Among women in the Gulf, the top three health concerns were being overweight (52 per cent), high-cholesterol (33 per cent), hair health (30 per cent) as well as feeling fatigue and stress (28 per cent);
• The perception of being overweight and concern to lose weight are reported by a much higher proportion in the UAE and Saudi Arabia versus their actual prevalence. More than half say they feel overweight (51 per cent in the UAE, 55 per cent for Saudi Arabia) and trying to lose weight (63 per cent in the UAE and 65 per cent in Saudi Arabia), higher than that of global average (49 per cent and 50 per cent, respectively).
• Approximately two-thirds of respondents say they actively make dietary choices to help prevent health conditions such as obesity, diabetes, high cholesterol and hypertension (67 per cent in the UAE).
• Many strongly or somewhat agree that foods without artificial ingredients are always more healthful (68 per cent of UAE respondents).
© Al Nisr Publishing LLC 2019. All rights reserved.


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Venture capitalists have invested more than $84 billion in more than 8,000 technology startups. Companies developing tools in artificial intelligence, virtual reality and the internet of things drew "massive investments," PitchBook CEO John Gabbert said, adding, "There will be winners and losers amongst these VC-backed companies but the technologies are here to stay and will truly change the game for companies and consumers."
Report: Tech startups saw $84B in investments from VCs
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If you've got a plastic pink flamingo on your lawn, give it a pat on the back the man who designed the lawn art, donald featherstone, has died he was 79. 15 fascinating flamingo facts plastic lawn flamingos wisconsin, named the plastic pink flamingo the city’s official bird animals miss cellania. Donald featherstone, 79, of fitchburg, who died monday, was an artist fresh out of art school in 1957 when he created the plastic pink flamingo lawn ornament for. Find great deals on ebay for plastic pink flamingo and pink flamingos shop with confidence. Within a satirical excerpt from “the plastic pink flamingo: a natural history” regarding the shallow american public and their unhealthy obsession with the infamous plastic pink flamingo.
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Pink plastic flamingos are one of the most famous lawn ornaments in the united states, along with the garden gnome. If you are looking for pink flamingos and everything related to these unusual plastic creatures, check out the flamingo mania web site they claim to be the internet. Donald featherstone, the creator of the iconic pink plastic flamingo that has decorated lawns for decades, died monday he was 79.
This piece, the author, jennifer price, examines the emergence of the plastic pink flamingo as a cultural ap06_english lang_student samples author: ets. Donald don featherstone (january 25, 1936 – june 22, 2015) was an american artist most widely known for his 1957 creation of the plastic pink flamingo while working for union products. Plastic flamingos, yard flamingos, pink flamingo yard ornaments- replacement legsand. Creator of pink plastic lawn flamingo, the ultimate piece of american suburban kitsch, dies age 79 don featherstone was a classically trained painter, a talented.
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Jennifer price used her own style of rhetoric exceptionally well to demonstrate her own individual perspective on the united states in her essay, “the plastic pink flamingo: a natural.
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NEW YORK (CBS.MW) - Chip and hardware stocks continued an assault on high-water marks Monday as investors bought into optimism about the improving U.S. economy.
After last Friday's similar surge, several chip equipment stocks got close to or hit new highs. During the past two sessions, the Philadelphia Semiconductor Index
The Goldman Sachs Hardware Index $GHA added 4.3 percent for a two-day run of 11 percent. Contract manufacturers screamed higher with players making strong moves away from recent multi-year lows.
While Jabil is not near its all-time low of $14 set in early September, Sanmina set a three-year low of $9.57 on Feb. 22 and Solectron set a three-and-a-half-year low of $8.09 on the last day of February.
Chip equipment maker KLA-Tencor
Prudential Securities analyst Shekhar Pramanick wrote this afternoon that incremental strength in the equipment sector appears to be on track. "If the current strength continues, we could begin to see the start of a sustainable semi equipment recovery in the March/April time frame."
Analyst Douglas Lee at Banc of America said Intel's first quarter is tracking to plan. He added that the chipmaker could narrow its outlook for a sequential revenue decline to zero to 4 percent from zero to 8 percent, given current sales trends.
Meanwhile, Lehman Bros.' Dan Niles trimmed his 2002 and 2003 earnings estimates for Intel to 65 cents a share and 98 cents a share, respectively. Niles also noted the company's backlog has started to decline as customers have cancelled some double-booked orders which were placed when supplies of the latest Pentium 4 chip were tighter.
The company will update investors on its current quarter on March 7. Analysts surveyed by First Call are expecting, on average, a per-share profit of 14 cents on revenue of $6.72 billion for the quarter ending March. On average, analysts expect a profit of 68 cents for 2002 and $1.01 for 2003.
The company also unveiled a high-power Pentium 4 chip for laptop computers on Monday.
Programmable logic device maker Xilinx
Memory chip designer Rambus
The PC segment was higher ahead of a key institutional investor report on the merits of Hewlett-Packard's acquisition of Compaq. See full story.
Institutional Shareholder Services, an advisor to professional money managers and mutual funds, will announce on Tuesday whether it will support the merger between Compaq and H-P. See full story. ISS advises holders representing 23 percent of H-P's outstanding shares.
Also, the Federal Trade Commission could rule this week on whether or not it will approve the merger. According to sources, approval is expected. See full story.


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We love Kith here at KicksOneTwo. Their aesthetic is sporty yet clean and refined, they crank out consistently good product year after year, and they’re always cooking up crazy collabs, like their recently announced Bergdorf Goodman partnership, consisting of a Kith shop within the legendary store, and a co-branded line of apparel. Ronnie Fieg stays winning, and despite all the naysayers … he can do no wrong.
So, needless to say, we were thrilled when the news broke that Kith would be hosting their first-ever runway show, “Kithland” during New York Fashion week. We were even more stoked when it was announced that Kithland would be live-streamed on the Kith website for those of us not lucky enough to be in New York for the event.
And now that day, September 13th, is upon us. The Kithland show is going down tonight, at 9:30 PM ET (that’s 8:30 CT for those of you who aren’t as good at your time zones), and it’s sure to be a memorable event for any sneaker/clothing lover. “Beach”, “City”, and “Mountain” will be the three main aesthetics, providing inspiration for the pieces and hinting at new Kith locations.
What new pieces will Kith debut? Will there be any new footwear? Will we get a peek at some upcoming collabs? Will there be a myriad of celebrity sightings? Will Ronnie’s pieces translate well from the streets to the runway? There’s a lot of questions to be asked, and they’ll be answered tonight. Be sure to head over to the Kith site so you can live-stream the event and see what’s going on firsthand. We’ll be watching intently.
What about Kithland excites you the most? What do you think you’ll see at Kith’s first-ever runway show? Let us know in the comments or on Twitter, check our Facebook page for daily updates, and, as always, be sure to follow us on Instagram for all the fire sneaker pictures you can handle.


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Here’s how British consumers and employees like to be rewarded and paid
According to daVinci Payments, over half of the consumers in the UK say that 75% or more of their payments are now contactless.
The use of mobile wallets and payment apps linked to a credit card, debit card, or prepaid card for in-person payments keeps rising in prevalence in the UK. In fact, over 50% of the respondents received payments via payment apps and more than 20% via mobile wallets in the last 6 months.
The data found that the payment app usage also continues to rise in popularity for online payments and is now a payment preference of choice for 38% of consumers.
Meanwhile, brands and employers looking to incentivize employees and consumers should note an increasing amount of people care about instant payments and rewards.
For instance, when asked if respondents would prefer to receive a virtual card delivered or a physical card mailed to their home, 52% prefer to receive an instant virtual card.
For cashback rewards for purchases, when given the choice between receiving a bank account payment that takes 2 days to process and an instant payment like a prepaid card, nearly 40% of UK consumers would choose to receive an instant payment prepaid card rather than waiting to be paid.
If they received a prepaid card for a cashback reward, 56% of consumers would prefer an instant virtual prepaid card over a physical prepaid card that is mailed to them.
We’ve reported that the national QR payments system will soon be launched in Australia.