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The company is widely cited by in-the-know investors as a major growth stock, with 91% of technology industry analysts tracked by FactSet.com calling CRM either a “buy” or “overweight” in a February, 2010 research report. In 2020, Salesforce stands as one of the most prominent computer software companies the world, with a market cap of $156 billion and a one-year target consensus analyst estimate of $203 per share.
Demand for Slack’s products, which allow people to communicate and collaborate with one another, has increased as people work from home during the pandemic. Layoffs at some of its customers have hurt its business, the company said. That idea has companies looking for software product and services that make it much more simple and efficient way for individuals to use software, however and whenever they wanted to.
The move caps an acquisitive streak by Salesforce and ends Slack’s run as an independent publicly traded company. Every Thursday, I send a free email newsletter which provides a more in-depth look at a particular vendor, customer, trend, or other noteworthy item.
Salesforce said it planned to incorporate Slack’s communication software into every aspect of its cloud software offerings. Salesforce is likely to top $20 billion in revenue for calendar 2020, and is has made itself synonymous with cloud computing.
The rating analyzes price and volume changes in a stock over the past 13 weeks of trading. The rating, on an A+ to E scale, measures institutional buying and selling in a stock. A year earlier, Salesforce earnings were 75 cents a share on sales of $4.51 billion. Analysts expected Salesforce to report flat earnings of 75 cents a share on sales of $5.25 billion.
Buying Slack would help Salesforce’s customers make the digital transformation, he said. Roughly 90 percent of Slack’s enterprise customers also use Salesforce. On December 1, 2020, Salesforce announced that the company will acquire Slack for $27.7 billion. According to Salesforce, Slack will become the new interface for Customer 360. The press release stated, “Salesforce is leveraging a comprehensive ecosystem of partners, systems integrators and independent software vendors to extend and implement Health Cloud.” J2 Interactive is a partner in that ecosystem. Pardot, now Salesforce Pardot, became Salesforce’s own version of a HubSpot or a Marketo B2B marketing automation system.
In November, the growing business moves from the Rincon Center to a larger base at One Market Street.
That marked a 55% premium to Slack’s closing price on Nov. 24, before reports of the deal surfaced. A large part of the company’s operating expenses were non-cash, with Salesforce recording $543 million via stock-based compensation expenses last quarter, which was up 55% year-over-year. “So, and that’s why the combination of Salesforce and Tableau we think will be very, very successful.”
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Workers who don’t need to be in an office can be fully remote, while a minority of workers will be at desks four or five days a week. Salesforce tried to buy LinkedIn and wound up in a bidding war against Microsoft, which ended up paying $27 billion for the business networking site in 2016. Like other software companies, Slack has benefited from the work-from-home boom. However, the competitive environment has simultaneously become much more intense, particularly from Microsoft Teams, leading to investor concern about Slack’s growth prospects and margins. “We’re 100 percent cloud-native,” Databricks CEO Ali Ghodsi told CNBC in a 2019 interview. That same principle applies to Snowflake, which Salesforce had also invested in and has demonstrated strong revenue growth following its initial public offering last year. Databricks rose to prominence because it helped companies implement a version of Apache Spark, an alternative to the Hadoop technology for storing lots of different kinds of data in massive quantities.
Business groups have warned that the corporate shift to remote work will lure people out of the Bay Area and hurt local government budgets and job growth. Some have argued that a slew of new taxes, many passed at the ballot, and high housing costs are crippling the region’s competitiveness. “The majority of our employees will go back to the office at least some of the time. And we’ve learned that 80% of our employees are hungry for the connection, camaraderie and innovation that come from gathering in person,” Hyder wrote.
In cloud computing, Salesforce has partnered with Google for data analytics. Also, Salesforce expects synergy between its Einstein artificial intelligence tools and Tableau’s business intelligence software. In addition, Salesforce has integrated AI tools into other enterprise software offerings over the past three years, targeting industries such as financial services in digital transformation.
We’re grateful to everyone on the front lines of this crisis who is risking their own health to take care of the rest of us. This pandemic is a powerful reminder that we’re all connected like never before. For more information on the latest from Salesforce and our COVID-19 response go to theSalesforce Newsroomand follow us@SalesforceNews. Employee surveys show that nearly half of workers wanted to come into an office only a few times a month, but the vast majority wanted to have the option.
In 2012, Salesforce announced plans to build a data center in the UK to handle European citizens’ personal data. Salesforce was credited to have a strong corporate culture and its HR practices were said to have been a huge driving force behind its success story. Salesforce’s corporate culture is based on the concept of Ohana, a deep-rooted support system nurtured inside the company. Its culture emphasized certain core values, behaviors, and experiences. The leaders at Salesforce believed that its culture fostered dialogue, collaboration, recognition, and a sense of family, and helped its employees drive the company’s purpose, vision, and impact. After being acquired by Salesforce.com for $50 million in 2011 Assistly was re-branded as Desk.com in 2012 as a customer support software.
Does Salesforce Coms Stock Have 25% Growth Potential?
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. On Tuesday, Mr. Butterfield tweeted that Slack would remain “an independent and open platform” and said its mission had not changed. In September, Mark Hawkins, Salesforce’s chief financial officer, told analysts that the company would continue to be “opportunistic” with respect to deals. In July, Slack filed a complaint against Microsoft with the European Commission, claiming Microsoft had unfairly bundled Teams with its suite of Microsoft Office work products. Microsoft has offered the software alongside Office since Teams was released in 2017. Slack, which was founded in 2010 by Mr. Butterfield, grew quickly and previously attracted — and rejected — takeover offers from the likes of Google, Microsoft and Amazon.
Maintenance workers emerge from elevators at the Salesforce East office tower which is preparing to open the doors to a limited number of employees in San Francisco in October. Salesforce is joining other companies in allowing permanent remote work. Office workers walk to their jobs in front of Salesforce Tower at Fremont and Mission streets in San Francisco in 2019.
The lawsuit also pointed out that Salesforce was publicly promoting an anti-human trafficking campaign at the time of its work with Backpage. In December 2019, the Institute on Taxation and Economic Policy found that Salesforce was one of 91 companies who “paid an effective federal tax rate of 0% or less” in 2018, as a result of the Tax Cuts and Jobs Act of 2017.
- A large part of the company’s operating expenses were non-cash, with Salesforce recording $543 million via stock-based compensation expenses last quarter, which was up 55% year-over-year.
- But even if that doesn’t happen anytime soon, Salesforce’s stock is still hard to justify buying at its current valuation.
- Increased hiring and wage inflation for software engineers also have been a headwind to margin growth.
- Applications are available for free, as well as via yearly or monthly subscription models.
Building out from its initial SaaS applications aimed at salespeople and the sales process, Salesforce now offers a broad fleet of apps covering all aspects of customer engagement. That includes sales, service, marketing, commerce, and engagement clouds, and Salesforce is #1 or #2 in the world in each of those separate but interrelated categories.
As of Jan. 25, CRM stock trades well below a proper entry point and is not in a buy zone. In October and early November, Salesforce stock formed a double-bottom chart pattern.
Will Salesforce Com’s Revenue Growth Continue In Q1 2019?
Their findings were published in a report based on the 379 Fortune 500 companies that declared a profit in 2018. Lightning Experience, released in 2016, is the new redesigned interface in Salesforce for processes enhancement. Since then all the apps available on AppExchange need to be Lightning and those built on Classic have to migrate to Lightning as Classic is not to be updated any more by Salesforce. The platform offers an option for developers to employ migration techniques to enable the new user interface and switch to Lightning. Due to the multitenant nature of the platform, the language has strictly imposed governor limitations to guard against any code monopolizing shared resources.
Salesforce has arguably done more to advance the adoption of what’s now commonly known as “cloud software” than any other company. Twelve years later, the company found trouble on the tax and cultural fronts. In 2019, Salesforce was cited as one of many Fortune 500 companies that paid an effective U.S. tax rate of 0% or less, even though it did so legally. to install standalone computer platforms inside the company’s walls, and at great cost. Due to the recent rotation into value and industrials, the megacap tech stocks that have led for the past decade are actually not overbought at all. I’m talking about Apple, Netflix, Nvidia, Facebook, Salesforce.com and Microsoft – all well off their highs and drifting.
Here’s why investors may be expecting a lot more from the company and why it may not be that great of a buy today. The deal is the biggest bet among a recent spate of acquisitions made by tech companies to capitalize on the shift to remote work.
The Big Problem With Salesforce
Desk.com is a SaaS help desk and customer support product accessible through the cloud. Desk.com is owned by Salesforce.com and was previously known as Assistly. Salesforce also announced it will wind down Data.com Clean and Data.com Prospector, and these services will close on July 31, 2020. Work.com, then known as “Rypple”, was founded by Daniel Debow and David Stein, who wanted to create a simple way of asking for feedback anonymously at work.


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Samsung is throwing down the gauntlet for app developers with a grand prize giveaway competition during its Dev Day here in London. On 18 June at The Congress Centre, 23-28 Great Russell Street, London WC1B 3LS, Samsung will open its doors to developers with an event that promises to give them everything they need to produce and …
Bring a thermos...
... there's sure to be a vast queue of people wanting yet another dev platform to code for. Or maybe not.
One thing in common
(Objective C, Samsung's C, Android's C or whatever).
Java. Pah. My lecturer, in 1989, said we should all learn Ada, it was going to take over the world...
Could you win
- Crawling from the Wreckage Want a more fuel efficient car? Then redesign it – here's how
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- TV Review Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
- Vid NASA eyeballs SOLAR HEAT BOMBS, MINI-TORNADOES and NANOFLARES on Sun

domain: news


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University in Cyprus lets you study Bitcoin—and pay
ABC15 Arizona iPhone iPad Kindle Android Storm Shield iPhone Android Newsy iPhone Android Roku Amazon Fire TV.
Is the Cyprus crisis a boon for Bitcoin? - theconversation.com
Cyprus University of Nicosia Archives - Bitcoin NewsWe at Bitcoin Magazine and the team behind GoldMoney GoldMoney, however, have decided to actually go to Cyprus and see what the locals themselves have to say. The.
Bitcoin & Cyprus Scheme: How Technocrats Manipulate AllThe flow into bitcoin echoes a similar move seen in Cyprus in April 2013 when capital controls were placed on citizens who tried to take large sums of money out of.Bitcoin transactions typically carry very low exchange or processing fees.About Us Advertise with Us Contact Us Station Jobs Staff TV Listings ABC15 Share The List Contests Watch ABC RSS Feeds Laff TV.The latest news and analysis on bitcoin, digital currency and blockchain.
Bitcoin continues to spike in the wake of Cyprus - MarketplaceInvesting in fixed term deposits for example, is widely seen as a low-risk strategy. The.
A Bitcoin is a digital currency that is traded electronically and does not need government backing.Despite disapproving of digital currencies, the Cypriot bank says it can only warn of the risks of using bitcoin.
The software is designed to release new coins at a steady -- and finite -- pace that slows down over time.Members of Silk Road, an online drug bazaar, use it as their currency of choice.Read My Bitcoin Code Review To Get An Exclusive Bitcoin Code Bonus.Bitcoin has taken yet another step into the realm of real life viability, as the University of Nicosia (UNic) in Cyprus decided to accept the digital.The Bitcoin, an emerging digital currency, is thriving in Cyprus despite -- or because of -- its banking woes.
You can now use your digital money to buy your very own five-star luxury apartment in the world. luxury apartment in Cyprus. of Bitcoin owners.We cover a wide variety of issues such as bitcoin development, startups, blockchain.For most of us, banks represent a trusted and safe harbour for our money.If enough people in Cyprus took advantage of this that it hit the.On July 28, 2017, the bitcoin-exchange BTC-e domain was seized by six U.S. law enforcement agencies including the Secret Service.
What is Bitcoin? - Blockchain Agenda with Inside Bitcoins
Gox, halted withdrawals, and now several thousand miles away on the tiny.Bitcoins — the stateless currency maintained by a network of math-problem-solving PCs — has spiked in value since financial crisis struck Cyprus. But.
A university on the small European island of Cyprus says it will now allow students to pay tuition and other school fees in Bitcoin.The University of Nicosia is the leading university in Cyprus and one of the largest English language universities.
Cyprus Archives - Bitcoin Mining Pro - Ebook
Is Bitcoin the New Safe-Haven Currency? Bitcoins Surge
Buy and sell bitcoins in Cyprus, with cash and online
University of Nicosia in Cyprus to accept fees in bitcoinsOn Friday, Cyprus issued the latest in a deluge of central bank warnings against the use of Bitcoin.The company provides many of the financial services of a bank, such as.
On December 11, 2013, the Central Bank of Cyprus issued a statement on bitcoins,.
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Ülemiste City cafés and restaurants forgo single-use packaging
Catering service providers in Ülemiste City have decided as one to forgo single-use packaging and will instead be utilising reusable containers for takeaways. This will save more than 200,000 items of single-use packaging every year. Developers Technopolis Ülemiste and Mainor Ülemiste want the business park to become Estonia’s first truly green city.
Minister of the Environment Madis Kallas welcomes community initiatives to limit the use of disposable plastics. “Every effort to restrict their use is a significant contribution to reducing plastic pollution in our living environment,” he said. “While the European Union is doing a lot in this regard, and here in Estonia reusable cups and containers will soon become mandatory at public events, it’s still very welcoming to see people being offered the opportunity to buy their lunch in a more environmentally friendly way.”
Tallinn Deputy Mayor Madle Lippus describes Ülemiste City as a perfect example of enterprise for its systematic approach to and the scope of its transition to environmentally friendly solutions. “Just this summer the business park trialled a scheme to provide more space for cyclists, and now they’re starting up this new initiative to forgo single-use packaging,” she said. “Testing things in contained areas is important for Tallinn as well, because in working together we gain sufficiently broad knowhow in terms of whether these changes work and how people take to them.”
Ringo Eco CEO Hannes Falten says that in working with Ülemiste City his company is reducing not just packaging waste from takeaway food, but the business park’s environmental footprint. “Because our reusable containers can survive being washed between 40 and 120 times, we’re stopping a four-storey building’s worth of rubbish being generated annually,” he explained.
Falten added that the exact number of times the containers can be washed depends entirely on how well they are treated. “The life cycle of one of our containers is equivalent to that of 80 single-use containers on average,” he said. “That means the carbon footprint of single-use packaging is four times greater than one of our reusable containers.”
Gert Jostov, the Chairman of the Management Board of Technopolis Ülemiste, says the business park is already a very green space. “That’s because Estonia’s densest network of reusable packaging return points – 40 in total – has formed here,” he explained. “You have to make the green way of life as convenient for people as possible. That’s the only way it will reach the masses. The future of Ülemiste City is being planned in a way that will mean environmentally friendly living isn’t a choice anymore, but the only choice.”
Mati Fjodorov, the Chief Green Officer of Ülemiste City, says single-use packaging is no longer sustainable. “We have to break away from linear economic models and integrate circular solutions that are both environmentally and user-friendly,” he advised. “We’ve gotten the cafés and restaurants here in the business park and other talented people involved so that reusable containers become the norm. As a community we consider it really important to prevent the generation of waste and reduce our carbon footprint.”


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Taco trucks get their own coverage
As Denny Christner tells it, he is “nacho typical insurance agent.”
That’s because he sells protection to the misunderstood and underserved stepchildren of the gourmet food scene: food trucks.
Christner, who offers his services through San Francisco-based brand Insure My Food Truck, is one of a handful of niche brokers that have sprung out of larger insurance companies to take care of the fast-growing — and apparently vulnerable — mobile food vendor community. And the need is clearly there.
The brand, a branch of BayRisk Insurance Brokers, has been growing as fast as the food truck fad. In only one year, the insurer has expanded to 35 states and has about 100 trucks in its portfolio. It’s now averaging about 5 to 10 new trucks every week, making up 80 percent of the insurer’s new growth.
Christner claims the reason the brand has been growing so fast is because it not only protects the trucks, it helps promote them through various social media outlets. “The community is pretty tight, just like any niche,” he said. “They talk to each other.”
Sure enough, most of the insurer’s new business has come from Twitter.
But Christner said he’s also stealing business from larger insurance companies that just don’t know how to handle the niche vendors, putting them at risk of getting bad coverage and/or stuck with higher premiums.
Food trucks, he said, are a misunderstood bunch, especially in emerging markets where the concept of restaurants on wheels is still pretty fresh.
But Insure My Food Truck has ’em covered. Its website lists a whole menu of coverage options, ranging from the “starter” at $149 that only gets you commercial auto insurance to the “chef’s tasting” at $302 per month, which includes commercial auto insurance, general liability, property insurance and workers’ compensation.
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Wednesday, Aug 20, 2014
Mt. Vernon Market Days
MT. VERNON -- Rain clouds didn't keep too many people away from the popular Market Days in Mt. Vernon Saturday. More than 100 venders were on-hand to sell a variety of goods, including food, furniture, and arts and crafts.
In the past, the outdoor, flea market has brought in as many as 4,500 people. This year, Market Days will only be held once a month and will run through October. Organizers say the event is a big benefit to the community and to surrounding areas.
Wind: 6 MPH
Humidity: 94 %


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Capital Buzz: LivingSocial hires executive familiar with managing growth
LivingSocial is living large.
The D.C.-based company, which offers daily Web deals with local merchants, has created a chief operating officer's slot and hired Eric Eichmann, a former AOL hand and a Rosetta Stone exec, to fill it.
"Eric has a very good track record at both AOL and Rosetta Stone at taking a company that was in a growth stage and helping them become a very significantly sized company," said LivingSocial chief executive and co-founder Tim O'Shaughnessy.
O'Shaughnessy said the recommendation to hire Eichmann came from LivingSocial investor -- and former AOLer -- Jeremy Liew of Lightspeed Venture Partners in Menlo Park, Calif.
LivingSocial, which is backed by former AOL chairman Steve Case, among others, is in 60 markets and three countries as it takes on Chicago-based rival Groupon, whose backers include local venture capital firm New Enterprise Associates and D.C. sports mogul Ted Leonsis, a former AOL bigwig and close friend and associate of Case.
"We are at the right stage as an organization," said O'Shaughnessy, who is the son-in-law of Washington Post Co. Chairman Donald E. Graham. The company is expected to gross more than $100 million this year.
"We've gone from 30 to 300 employees this year," said O'Shaughnessy. "And Eric has managed complex and large-scale organizations at AOL and Rosetta Stone."
Eichmann, who resigned as Rosetta Stone's chief operating officer on Aug. 6, has already started at LivingSocial.
THE BUZZ HEARS . . .
-- From colleague Danielle Douglas that Silver Spring native Dana Ayanna Greaves, the designer behind Artistic Aya, a women's clothing and accessories brand, is setting up shop on the corner of Wisconsin Avenue and P Street in Georgetown, where she will debut Artaya in September. The space, roughly 150 square feet inside a side-street boutique, is a bit on the small side. But it's a start for a local designer, who has worked to establish her brand in the midst of a recession.
-- Construction has started on a Georgetown Brooks Brothers on the corner of 31st and M streets. The 20,000-foot store, whose landlord is Anthony Lanier's EastBanc, replaces former Pottery Barn and Smith & Hawken retail spaces. Look for it to open in November 2011.
-- Fro.Zen.Yo, a frozen yogurt chainlet with stores at Metro Center, Columbia Heights and Friendship Heights, has signed a lease at the former Map Store, located next to the Farragut West Metro station on I Street Northwest. The space includes a 600-square-foot retail area and 900 square feet for preparation.


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The new Path of Exile expansion will hit PC on May 13 (PT) and console on May 18 (PT). I'm very excited about this and prepare enough POE 3.18 Currency in advance to have better performance in the new expansion.
Grinding Gear Games has announced Sentinel, a new expansion for Path of Exile and a new Challenge League that comes with it. It also released a brief trailer, with the main League mechanic being the autonomous companions that accompany players into battle. For better performance in the new league, I think it's time to buy some POE Sentinel Currency.
Now it is not a smart way to earn POE Items in the game, so I decided to try POECurrency. I stumbled across the news it posted about the game and I felt it was very professional. And it's cheap too, I tried it once without any problems. I recommend everyone to try it.


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MiniTV can be acquired on Amazon’s app for Android phones. The company claims inside coming months, the Mini TV will soon be re-launched on iOS App and Cellphone internet. Amazon says, “because of the launch of MiniTV, Amazon.in offers its clients the opportunity to purchase, buy watching free activity videos from many in-store features.”
It’ll all be visible
In a magazine launch the organization, it was stated that the MiniTV skillfully designed and arranged the information for the internet, meals, technical news, comedy, beauty, fashion plus much more. Record includes leading studios – TVF, Pocket Aces and leading studios – Ashish Chanchlani, Amit Bhadana, Round 2 Hell, Harsh Beniwal, Shruti Arjun Anand, Elvish Yadav, Prajakta Koli, Swagger Sharma, Akash Gupta and Nishant Tanwar.
one thing for every course
Amazon also stated, “audiences will soon be introduced to new and exciting techie Trackin Tech, fashion and beauty experts such as Prerna Chhabra, Sejal Kumar, Jovita George, Malavika Sitlani and Shivshakti. Food fans, Cook and Nisha, can enjoy Kabita Kitchen and Gobble’s items. .
The business said MiniTV is adding some new and exclusive movies within the coming months.
Continue reading Hindi Stories see more online TV News Indian site. Learn about worldwide and worldwide occasions along with your country, Bollywood, international recreations, business Stories in Hindi.


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Cronos Group (NASDAQ:CRON) reported its fourth-quarter and fiscal 2019 results on Monday after the market closed. The fourth-quarter results were disappointing. Cronos Group missed analysts’ revenue estimates by a huge margin. The company’s EBITDA losses were higher than analysts’ expectations. Cronos Group stock didn’t have much of an impact. The results were released after the markets closed. The stock closed with a gain of 0.79% yesterday. Let’s take a look at how the company performed.
Cronos Group missed analysts’ estimates in Q4
Cronos Group reported revenue of 9.6 million Canadian dollars—40.4% below analysts’ estimates. Analysts expected the revenue to be around 16.1 million Canadian dollars. However, the company reported 72.1% growth year-over-year. The increase in the volume of products sold in the Rest of World segment and the Redwood acquisition drove the revenue growth for the quarter. Wholesale product sales and Cannabis 2.0 products also drove the revenue. For the fiscal year, the revenue was around 31.5 million Canadian dollars. The revenue missed the estimates of 47.1 million Canadian dollars.
Cronos Group delayed its earnings. The company had to restate certain 2019 unaudited interim financial statements. In a press release after the adjustments, the company said that it reduced the revenue in the first quarter by 2.5 million Canadian dollars. Meanwhile, the company reduced its revenue in the third quarter by 5.1 million Canadian dollars, respectively.
For the fourth quarter, the EBITDA losses were higher than the estimates. The company reported an EBITDA loss of 83.2 million Canadian dollars, which was higher than analysts’ estimate of 21.2 million Canadian dollars. Sequentially, the EBITDA losses also increased compared to 23.9 million Canadian dollars in the third quarter. For the fiscal year, the losses were around 158.4 million Canadian dollars—higher than the estimates of 72.8 million Canadian dollars.
Various factors were responsible for the increased operating losses. The company’s SG&A rose and drove its growth strategy. Cronos Group also incurred more sales and marketing expenses to develop its brands along with more R&D costs. The company incurred a $1.9 million one-time charge associated with repurposing certain facilities at the Peace Naturals Campus. There was also an inventory write-down of $24.0 million in the fourth quarter.
Product portfolio update
Cronos Group provided an update on the vape products and devices that it launched in 2019. The company launched cannabis vaporizer devices for the Cannabis 2.0 market under the COVE™ and Spinach™ brands. Cronos Group created new and advanced 510 thread vaporizer product lines for the same brands. The product lines include cartridges that are tamper-resistant and have rechargeable draw batteries to prevent overheating. The company also launched three holiday pop-up shops in Los Angeles and New York City under the Lord Jones brand. Cronos Group added the hemp-derived CBD brand Lord Jones to its brand portfolio in 2019.
For now, the company decided to pause the distribution of PEACE+ hemp-derived CBD tinctures, which it was doing through Altria’s sales channels. Cronos Group wants to evaluate more product formats after understanding customers’ requirements. CBD products aren’t readily accepted by the FDA. The cannabis industry is still waiting for the FDA to approve CBD products.
Cronos Group ended the quarter with $1.5 billion in cash and short-term investments.
How’s Cronos Group dealing with COVID-19?
Marijuana is an essential item in Canada and some US states. As a result, Cronos Group stated that it will remain operational despite the coronavirus outbreak. The company will following health and safety measures like work-from-home facilities, better hygiene, and sanitation practices as guided by the government. The company will monitor the COVID-19 situation closely.
Recently, Hexo (TSE:HEXO) announced that it will stay operational amid the COVID-19 crisis. There’s demand for marijuana since it’s an essential item. The pandemic caused an uptick in its share price, which was otherwise stooping. Hexo stock took a hit again after its second-quarter results on Monday. Hexo fell 27.5% yesterday. To learn more about the company’s results, read Hexo Stock Tanks after Reporting Its Q2 Earnings.
Marijuana sales continue to rise. However, marijuana legalization is being impacted in some US states. We’ll have to see if rising demand and sales continue to benefit the cannabis sector. Meanwhile, Hexo’s results have dragged down other cannabis stocks. Aurora Cannabis (NYSE:ACB), Aphria (NYSE:APHA), and Canopy Growth fell 13.8%, 6.3%, and 0.89%. Cronos Group has fallen 2.8% today in pre-market trading.


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THE NATIONAL Broadcasting and Telecommunications Commission (NBTC) board will consider on Thursday whether to allow two major telecom operators to conduct testing of 5G wireless broadband technology.
NBTC secretary-general Takorn Tantasith said yesterday that the watchdog would assign the idle 26GHz band to Advanced Info Service (AIS) and True Corp to conduct tests.
He made the remark yesterday at a seminar on 5G hosted by Bangkok Post Group.
He added that their 5G testing period would be from November 22 to December 15.
AIS will conduct the test with Nokia-Siemens Networks equipment at Emporium shopping mall and True will do so with Huawei equipment at EmQuartier shopping mall.
Total Access Communication (DTAC) will also ask the NBTC for permission to test 5G on the same spectrum.
Takorn said that 5G technology could bring drastic changes to Thailand’s social, economic and political landscapes, including a change in manufacturing structure, according to an NBTC analysis.
In the full 5G era, artificial intelligence and Internet of Things will gradually replace human workforce in the manufacturing sector.
Many services will be offered directly to end-customers via digital platforms of manufacturers, bypassing the traditional middlemen and conventional intermediate agencies. The new digital technologies will also generate new businesses and services.
AIS chief corporate officer Weerawat Kiattipongthaworn told the seminar that 5G could effectively handle a massive number of devices. It offers connection speed of 10 gigabits per second, 100 times faster than 4G technology.
It also has better technical capability than 4G to serve advanced services such as driverless cars.
He added that the growth of 5G would be driven by industrial users, while 4G growth is being mainly driven by consumers.
Weerawat said that countries that are in a hurry to launch the 5G service are those that are producing related technology and equipment. However, Thailand, as a technology buyer, has to think carefully about investing in 5G technology.
True Corp co-president Vichaow Rakphongphairoj told the seminar that healthcare, transportation, agriculture and manufacturing sectors could be key sectors to drive the growth of 5G use.
However, he is doubtful if 5G could get off the ground smoothly in Thailand if the 5G spectrum bands come with hefty price tags.
DTAC chief executive officer Alexandra Reich said at the same seminar that to ensure a sustainable 5G environment, different industries and the public and private sector must collaborate.
“To be effective and sustainable, Thailand’s 5G strategy must engage entire industries, connecting businesses not only to consumers but also to other businesses, in entirely new ways,” she said.
In a separate matter, DTAC Trinet, a subsidiary of DTAC, yesterday paid the first upfront instalment of more than Bt6.693 billion (including VAT) for the 1800MHz licence to the NBTC.


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JELLICO, Tenn. (WVLT) -- Hundreds of winter coats, scarves, hats and gloves were set out for people to take as needed during Jellico's third annual "Coats for the Cold" distribution day Saturday.
"I got a coat and a tobaggan, that's all I need," said Johnny Bowen.
Bowen said he and his wife are on a fixed income, and said the coat drive really helps them out.
"Well, the trailer right now is $251.17 a month, and by the time you pay the trailer payment and the electric bill, what have you got left? You know what I'm saying? And if you can get anything like this, hey, that helps 100 percent," said Bowen.
It also helps Jeannie Snyder and her family.
"We needed coats and stuff for the kids this winter and this is a really a help, because there's no way we could afford it with no jobs or anything right now," said Snyder.
Organizers collected the coats for the past month at various locations around town, and made sure they were ready to go for distribution day.
"We've washed them. Some ladies in the community have all helped - and we washed all the coats," said Doris Stiers, who organized the event.
It didn't take long for Chyann Long to find one she liked:
"It's black and it has grey fur around the hood," said Long.
Doris Stiers said she's grateful to everyone who donated a coat to make the giveaway possible. Those picking out jackets are thankful, too.
"Times are getting hard now. Stuff is going up and you can't afford to buy it and it's just rough - and anything you can get for free, get it!" said Doris Powers.
Stiers said anything that wasn't given away Saturday will be donated to Hurricane Sandy relief efforts.
A hurricane relief drive will be held next Saturday at the Jellico civic center. It will start at 4PM and people can drop off clothing or money to help those in need. Organizers said it's a joint effort between Knox, Anderson and Campbell counties.


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UPDATE: Maggie's Farm opened at 4:20 p.m. Thursday, becoming the first recreational marijuana store in El Paso County.
UPDATE: People are lining up outside Maggie's Farm in Manitou Springs. Doors are expected to open at 4:20 p.m., according to The Gazette's news partner KKTV.
The Gazette's Stephen Hobbs is outside Maggie's Farm talking to potential customers.
Lawrence Basco was waiting outside for the shop to open. "I'm just hanging," he said. "I got nothing to do."
Maggie's Farm aims to open the first recreational marijuana store in El Paso County on Thursday.
Owner Bill Conkling announced last week that the store would open Thursday, pending the results of the final inspection with Pikes Peak Regional Building. Maggie's Farm passed that hurdle Tuesday.
On Wednesday Conkling said that a "soft opening" of Maggie's Farm would likely be in the afternoon.
According to the manager, steady rain Tuesday and Wednesday has slowed Conkling and his workers from wrapping up the final details before opening the store. That added to the uncertainty of when the doors will open at 141 Manitou Ave.
Conkling and Maggie's Farm hold the only recreational marijuana store license in Manitou Springs, which legalized marijuana sales with a 6-1 City Council vote Jan. 21.
Manitou residents have the chance in November to overturn that ruling. A group of citizens turned in a petition in early July to place the issue on the Nov. 4 ballot.
Go to Gazette.com for up-to-the minute details on the opening.


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Consumer products leader Sakal Group said yesterday that it would reduce its duty free prices to create a 40 percent gap against electronics stores among the most popular products. In some categories, Sakal said, electronics prices would go down 80 percent.
Sakal's move is meant to bring back consumers to its duty free electronics stores, whose competitiveness declined after dramatic reductions in import duties on electronics items in recent months.
Purchase taxes on electronics items were lowered by 15 percent in February 2004, but prices in most stores only went down by 10 percent. Merchants cited the rise of the euro as the reason for not fully lowering prices.
At the time, Sakal said that it would keep prices of major appliances like refrigerators at 5 percent below competitors and items under $200, like 25" televisions, VCR's, and DVDs, at 20 percent below local market prices. However, this apparently was not enough.
Sakal said yesterday that it would lower prices on items whose "market share is on the rise." For example, it will reduce the price of DVD-Video combos to $160, the Astra 25" TV from $200 to $150, and the Astra 21" TV from $150 to $100.
Sakal, which won the tender to operate in Ben Gurion 2000, has seen sales rise 22 percent since the move to Terminal 3, according to VP for Marketing Kobi Sakal.
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2019 Annual Industrial Products Industry Spotlight
"For most manufacturing clients, the most significant impacts resulting from the recent two trade deals have yet to materialize, as most of the tariffs affecting industrial products remain unchanged." - Hong Nguyen, Director, Transaction Advisory Services, RSM
Mergers and acquisitions (M&A) across the industrial products (IP) space posted another strong year in 2019. Although deal value and volume fell across Europe and North America in the fourth quarter, nearly 3,000 transactions closed last year for $333 billion in aggregate. But the upward trends in both value and volume, which have spanned most of the past decade, remain in doubt while no consensus has been formed around the phase one trade deal between the United States and China and the recently ratified USMCA. “For most manufacturing clients, the most significant results from the recent two trade deals have yet to materialize, as most of the tariffs affecting industrial products remain unchanged,” says Hong Nguyen, a director with transaction advisory services at RSM US LLP. One consequence of this uncertainty over the past 18 months has been the slow slide into recession for U.S. manufacturers. Another consequence has been the sustained diversification of supply chains. “We continue to see our clients diversify their customer and vendor bases and move their exposures from China to different countries such as Mexico or other Southeast Asian countries such as Thailand, Vietnam and Malaysia,” says Nguyen. She adds that the trade agreements are heading in the right direction to eliminate trade tensions, but it is hard to determine if they have materially reduced uncertainty in the current environment.
Capex represents just one approach to improving capacity and overall performance for manufacturers confronting uncertainty from ongoing trade tensions. Going forward, clients anticipate taking more proactive measures, including upping their investment in training, which has already demonstrated success across the middle market on several fronts:
- Better training for employees across manufacturing processes/functions in order to maximize labor efficiency levels
- Balancing the workforce between internal labor and temporary labor to leverage the salary cost pool and line up with the seasonality of their business
- Adopting measures to improve morale and the working environment to support employees, as small things can go a long way to boost productivity and efficiency
Financial sponsors in the IP space continue to explore a variety of initiatives to improve employee engagement and overall productivity. For example, KKR’s industrials private equity (PE) team adopted a management buyout structure in 2011 that makes all employees shareholders of the business. The move has made value creation more a matter of employee engagement and morale, which has led to improved performance. Likewise, there are other strategies to improve performance that clients are increasingly considering. These strategies include using a more diversified and stable vendor base to mitigate any negative effects from the current economic and political environment, utilizing different purchasing policies to take advantage of commodity prices such as spot, hedging or forward contracts, and using purchasing power to negotiate more favorable terms.
Datagraphic available for download.


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SWITZERLAND: Nestlé reveals creation of anticipated Venture Capital Fund
Vevey-based global food behemoth Nestlé revealed this week that the Venture Capital Fund that was outlined during its 2001 autumn press conference has now been created and is fully operational. The Swiss domiciled fund, Life Ventures by Nestlé, will have a capital of up to €150m (US$131.7m). Inventages Ventures Capital GmbH, an independent company directed by Dr Gunnar Weikert, will manage the fund.
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If there is one thing that Louie and Kim Stoltz are most proud of doing with their business, Cut Bank Creek Brewery, is helping grow the community they love.
If there is another thing they are proud of, it is using Montana products to make their quality, well-known and well-loved, crafted beers sold at Cut Bank Creek Brewery.
“No doubt, some of the barley we are using for our beers, is grown by a local farmer, someone we know,” said Kim. “That makes us a true farm-to-table establishment.”
But wait, there is one other thing this business pair is also proud of and that is how they listen to their customers at the Brewery. Thanks to doing that, they are now offering a couple more things at the Brewery, wine and hard ciders.
How are they able to do that? They got a new “retail” license, which allows them to add wine and hard ciders to their menu and it allows them to change their operating hours too.
“What we heard often is how much people enjoyed the Brewery’s atmosphere, but they just aren’t a beer drinker,” Kim said. “So, in an effort to meet the desires of all, we were able to obtain a retail license. This license will enable us to control our hours and also be able to serve other alcohol besides handcrafted beer.”
She added, “We have no intention of being a ‘bar’ where there is gambling. We want to continue to keep the family friendly Brewery atmosphere while enjoying a few additional drink options.”
Along with wine, a house white from Oregon and house red from California, there will be a couple new hard ciders added to the menu as well. “We will be introducing Cut Bank to handcrafted Montana ciders. We will have a cider from Western Cider and one from Montana CiderWorks and will have a tangerine hop seltzer from Upslope Brewery in Colorado,” Kim shared.
All of this wonderful “newness” is now on tap.
The same great, handcrafted beer will also be available, with some new additions being added there too. “When we opened two years ago, we had five beers on tap. As of today, we have 12!” Kim said. “Some beers have stayed on tap from the beginning, like Penguin Piss and others are seasonal and others will come and go. We want to continue to expose our customers to the big world of craft beer.”
Kim said this week is a big week for new beers at the Brewery. “We will put our chokecherry beer on tap, where most of the 200 pounds of chokecherries we use were picked by our customers! Another new style of beer being introduced this week, is a Cream A Creamale, which is an American style of beer that is light in color that was first crafted at various breweries in the United States in the 1800s.”
Even with the new license allowing some changes at the Brewery, Kim said they “don’t expect our customers to notice a difference except for the wine drinkers. The change in license does, however, enable us to serve after 8 p.m., which will be especially exciting in the summer and it will allow us to cater events now too. We are looking forward to hosting events like wedding receptions and office parties.”
Winter hours for the Cut Bank Brewery will be 4-8 p.m. on Tuesday through Thursday and Noon-9 p.m. on Friday and Saturday.
And if you want food with your beverages, remember the food truck, Messy Apron, is still open and ready to serve some fantastic food. “The Messy Apron has been at the Brewery now for a year and has been doing a lot of expanding too with the addition of a brick pizza oven. They are open the same hours as the Brewery and as we all know, nothing is as good as beer and pizza!”
Coming on Oct. 17, the Brewery will host an event sponsored by Great Falls Development, that Kim said is a “pitchfest for people to come and talk about business ideas and to create an angel investment network. Great Falls Development was so very helpful to us in developing our business plan and they too, believe in Cut Bank.”
The Brewery also hosts a number of regular events each month too. The first Saturday of the month is Pop-Up, the second Friday of the month is Open Mic, Trivia is every Wednesday starting again on Sept. 25 and painting with Yvette is the third Tuesday of each month.
“All of these events and Beer for a Cause are listed on our website at cutbankcreekbrewery.com, so you can sign up there or check out the event calendar,” she said. “Also follow us on Facebook and Instagram to keep up on what is happening.”
It was June of 2017 when the Brewery first opened. Kim and Louie wanted to open their business “to invest in Cut Bank. We could see all the good here. The good people of Cut Bank needed and wanted a place to gather and we have provided that for them. We want to grow Cut Bank.”
What they got back from opening their business, was truly what made them smile. “One of the unexpected parts has been how much people have given back to us. People’s enthusiasm in getting the business up and going, helping in all kinds of ways, again showing how great Cut Bank people are. They had the ability to see how a brewery would benefit the community and they were willing to help in any way they could.”
She added, “I think it has also encouraged others to take a risk and invest in Cut Bank, which was a hope for sure, but to see it happen, is exciting!”
It is all good at the Cut Bank Creek Brewery, between what is new and what has always been. Stop in, bring a friend, have a beer, try a cider, sip a glass of wine and enjoy what has always made this place special, the people and the atmosphere.


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An investment firm out of Munich, Aurelius, has bought a stake in Peter Deilmann, which still operates the luxury Deutschland cruise ship. The company ceased river cruising last year.
It was unclear how much of the company Aurelius acquired, but after a fire in Norway earlier this year, the Deutschland was in need of repairs, with an estimated bill of 2 million euro. Rumors were afloat about the ship being on the selling block along with various arguments with travel agents over cancelled sailings.
Reports out of Germany suggest that Aurelius has taken a majority stake in Peter Deilmann, promising to invest eight figures. Cruise Industry News could not confirm this.


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Premium international auto brands Porsche, Audi, Lamborghini, and Bentley all made significant introductions of their latest state of the art vehicles at the recent Shanghai International Automobile Industry Exhibition (Auto Shanghai) 2017.
The showcases of the iconic marques all won the attention of show attendees at the biennial car spectacle in China, which occurs in alternating years with the Beijing Auto Show.
Porsche made a strong statement with its now-iconic Panamera badge. The Stuttgart, Germany-based supercar maker revealed three new versions of the potent four-door sports car. The Panamera Sport Turismo banners a new body that underscores an innovative connection between sports car and luxury saloon, elegant design and high versatility – a unique quality in the segment. Meanwhile, the Panamera Turbo S E-Hybrid Executive has 680 horsepower of system power on tap to cement its place as the new flagship model in the Gran Turismo model line. This Porsche is currently the most powerful hybrid saloon in the world with a flexible, best-of-both-worlds experience that varies from short range emission-free driving with electric drive to the driving dynamics of a high-performance sports car.
Ingolstadt, Germany-based Audi showed how far it has come in the domain of electric mobility via its e-tronSportback concept. Expected to be in full production by 2019, the four-door GranTurismo Audi e-tronSportback concept is powered by a robust 320 kW electric motor. This vehicle follows the sporty SUV version of the e-tronquattro (unveiled in 2015 at the Frankfurt Motor Show). The e-tron is the first electric car in its competitive field that is fit for everyday use, boasting a range of more 500 kilometers.
Appearing for the first time in Asia, the Lamborghini Huracan Performante holds the production car lap record (6:52.01) on the famous Nürburgring Nordschleife circuit in Germany. The very balanced car combines new lightweight technologies, active aerodynamics with aero vectoring and a new set-up of chassis, all-wheel-drive system and further improved V10 powertrain.
Three other Lamborghini models marked their arrival in the continent via Auto Shanghai. These are the four-wheel-drive, four-wheel-steering Aventador S), the naturally aspirated V10-powered Huracán RWD Coupé, and the convertible Huracán RWD Spyder.
Armed with a new-generation V12 (also naturally aspirated) the Aventador S has full access to a stout 740hp, which enables it to accelerate from a standstill to 100 kph in just 2.9 seconds, onward to a top speed of 350 kph. Its aforementioned four-wheel steering and drive systems give it enhanced lateral control, agility, and stability.
As with Audi, electric mobility was the theme at Shanghai for Crewe, England’s ultra-luxe carmaker Bentley, as it debuted its EXP 12 Speed 6e – an expression of its intention to create the world’s first true luxury electric sports car, and the “brand’s ambition to define the luxury segment,” according to a release. Even as it forges ahead into a more sustainable future, the company keeps an ear to the ground to “help shape its future luxury strategy,” as it also wants the EXP 12 Speed 6e to be a barometer of public opinion and taste.
Meanwhile, Bentley’s so-called personal commissioning division Mulliner presented highly exclusive versions bearing its hallowed badge. The Bentayga Mulliner and Mulsanne Hallmark Series by Mulliner are hand-made, extremely customized vehicles that seek to redefine the benchmark for automotive luxury. Available in silver and gold versions, only 50 models of the latter vehicle will be produced worldwide.
The flagship of the four-door Flying Spur range, the W12 S, also made its Asian debut in Shanghai. Notable about the model is that it is the first four-door Bentley to have a top speed breaching 200 mph (322kph),and offers a more sporting experience for owners looking for increased power, torque, and responsiveness.
“We are truly thrilled over what we’ve seen at Auto Shanghai,” said Porsche Philippines President Roberto Coyiuto III. “Taken collectively, the offerings of these prestigious brands have shown us the impressive technological leaps and bounds they have made and, more importantly, what we can expect in the near future. It’s good to know that the future of mobility is not only exciting from the standpoint of motorists and their passengers, but even when viewed with a focus on sustainability and smaller carbon footprint.”
For his part, Audi Philippines Head Benedicto Coyiuto said, “What we promise to our valued customers in the Philippines is that we will make these awesome new models available to them in the quickest possible time, while continuing to extend only the best after-sales support whichever brand they choose among our offerings.”
For more information, please contact 7270381 to 85 or visit the Porsche, Audi, Lamborghini and Bentley showrooms located in Greenhills, Global City, Westgate Alabang, and SM Seaside City Cebu.


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Despite being an integral part of modern life, over a third of Americans support breaking up tech companies such as Amazon, Google, and Microsoft. Moreover, public disapproval of the firms, known as techlash, is propelling legislative efforts that could limit many of the consumer benefits that these companies offer.
One legislative reaction to techlash is the Prohibiting Anticompetitive Mergers Act (PAMA) introduced by Rep. Mondaire Jones (D-NY). Jones, and his 11 Democratic co-sponsors, believe that this bill would “empower workers, raise wages, reduce prices, combat inequality, and enable small businesses to thrive.” Despite Jones’ belief, this bill would limit not only big tech, but other firms’ ability to compete and serve their consumers.
PAMA is just one of many attempts to change antitrust law and shift its focus away from competition and consumer impact. If passed, PAMA would ban mergers deemed too big, expand the basis for rejecting a merger beyond market competitiveness, and place substantial constraints on a firm’s ability to appeal a decision.
Since the 1970s, the Consumer Welfare Standard (CWS) has guided federal courts in determining whether mergers or acquisitions are permissible. The CWS permits mergers and acquisitions so long as they benefit consumers, mainly through increased output and lower prices.
PAMA would turn away from the CWS and focus on size of the business rather than the likely outcomes to determine whether certain behaviors are illegal. This bill goes as far as to argue that the CWS is “misguided and narrowly defined.” However, shifting the focus away from the consumer toward size codifies ‘big is bad’ and makes it difficult for businesses to achieve the economies of scale needed for consumer benefits such as faster delivery, wider selection, and lower consumer prices.
PAMA outlaws mergers in which the Herfindahl-Hirschman Index (HHI), which measures market concentration, “would be greater than 1,800 in any relevant market” or “the increase in the Herfindahl-Hirschman Index would be more than 100 in such relevant market.” In effect, PAMA assumes that a hair salon company and jumbo jet manufacturers have the same economies of scale. Think about how expensive automobiles would be if we had hundreds of very small automobile manufacturers, or how poor consumers would be as a result.
According to the Department of Justice, markets can have an index score of 2,500 before regulators consider a market highly concentrated. However, even this threshold is relatively low and ignores the reality that concentration can bring consumer benefits.
According to the Brookings Institute, as of 2012, only one of the six industries measured would fall below the 1,800 mark. However, the most concentrated industry, manufacturing, far surpassed this measure with an HHI above 8,000. This bill would change those guidelines and automatically ban mergers at the newly lowered threshold.
When Disney wanted to acquire segments of Fox Entertainment, including National Geographic, the Attorney General issued a complaint stating that the deal would raise the HHI above 2,500. However, Disney’s ownership of brands such as Fox Entertainment has allowed its streaming network, Disney+, to showcase a wide range of entertainment, including shows from National Geographic.
The bill additionally expands influence for antitrust decisions beyond the Federal Trade Commission and the Department of Justice by allowing other agencies to object to an acquisition “because the acquisition would materially harm” their special interest groups.
None of the agencies listed in the bill focus on market competition and therefore lack the expertise to involve themselves in such important and complex matters. In fact, many of the agencies could potentially stand in direct opposition to competition that better serves the consumer.
The Office of Advocacy of the Small Business Administration is one of the agencies the bill lists, and it is no secret that companies like Amazon have been accused of competing against small businesses. However, Amazon has evolved and currently provides a platform for almost 2 million small and medium businesses who sell on its global marketplace, but this took time. This bill would not only stand to harm businesses who best serve the consumer but could potentially block market evolutions and innovations that benefit small competitors and consumers alike. Codifying ‘big is bad’ through legislation like PAMA goes far beyond limiting anticompetitive mergers and instills a blanket ban on some mergers while severely limiting others. If mergers—such as the ones that allowed Disney to stream shows from National Geographic, Facebook the ability to integrate with Instagram, and Android the ability to compete against Apple—are banned, then consumers are the ones who stand to lose.
This was published in The Economic Standard.


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It seems to be the week for music streaming to meet virtual reality startups. VR firm MelodyVR announced plans to acquire Napster, and now Tidal is making an investment in VR company Sensorium Corporation.
It’s not a traditional deal though: Tidal has bought $7m in tokens issued by Sensorium – yes, that’s Music Ally’s blockchain klaxon you can hear wailing away: read more about ‘Senso Tokens’ here – as part of its Sensorium Galaxy social VR platform.
Due to launch next February, it’ll be a virtual world with an emphasis on music, dance and hanging out in VR nightclubs.
“Our relationship with Sensorium provides Tidal with the opportunity to gain exclusive rights for its stellar artist roster to have their shows and music broadcast exclusively within Sensorium’s themed virtual entertainment worlds,” said Tidal COO Lior Tibon in a statement.
We’re not sure which artists count as Tidal’s “roster” for this exclusivity though.


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The top economic analysts at IHS Markit revised their global economic outlook.
Ann Diamante, chief procurement officer at Bamboo Rose, explains.
Galfo joined the brand in February, taking over from Anne Talley, and is focused on attracting younger consumers.
Founder and creative director Hiroki Nakamura unveiled Visvim’s first gallery concept store on Sunday.
McCarthy made a career buying and selling British retail businesses and donated millions to London’s top cancer hospital.
Prince George turned five years old on Sunday, and Kensington Palace has released a photo of the little royal.
A parliamentary committee has called for a government hearing on fur and demanded tighter regulations on labeling.
The rock star will perform with a band of more than 1,000 musicians on Saturday night in Florence.
More Memo Pad


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Hawaii Wildfire Relief Efforts, Flying Car Pre-Orders | This Week on PR Newswire
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy.
To help journalists stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
“The Salvation Army is committed to assisting those in need during this critical time,” said Commissioner Kenneth G. Hodder, national commander of The Salvation Army. “Our local officers, staff, and volunteers are extending relief and support to people in affected areas, ensuring that no one faces this disaster alone. We will continue to do everything to support these communities now and well after the flames have been extinguished.”
“The transaction supports our long-term growth strategy across the United States, including plans to add 120 new stores nationwide this year to reach a total of more than 2,400 stores by year-end,” said Jason Hart, CEO, ALDI.
Alef Aeronautics, a sustainable mobility company that is designing and developing a flying car, announced that it reached 2,500 pre-orders representing $750,000,000 in revenue upon delivery. This includes 2,100 deposits from individuals, and B2B agreements with businesses for sale of 400 cars, including an agreement with a California car dealership.
In partnership with the Vital Ground Foundation, and alongside Chief Brand Officer, Zac Efron, Keep it Wild raises awareness and educates consumers on the importance of land conservation and bear preservation for a healthy ecosystem and an outdoors everyone can enjoy, now and in future generations.
It will be featured as part of four NEW tongue-tingling recipes that combine the gooey goodness of HOT POCKETS with the iconic flavors Hot Ones™ fanatics know and love.
Maxeon Solar Technologies Selects Albuquerque, New Mexico, as Site for New 3-Gigawatt Solar Cell and Panel Manufacturing Facility
The Maxeon plant is expected to be the first large-scale PV cell and panel manufacturing in New Mexico, and its planned capacity is approximately double the size of the largest silicon solar manufacturing facility currently operating in the U.S. Maxeon expects to begin construction in the first quarter of 2024, with factory ramp-up to commence in 2025.
The LDV 190 shares the same Multi-Purpose Platform (MPP) as the LDV 130 but has a more beefed-up suspension system to handle the increased payload of Class 2 vehicles. Drivers will notice it features the same dynamic handling and performance as the LDV 130, courtesy of Canoo’s patented steering by wire system.
More Than a Third of Americans Say Uncertainty About Their Finances Keeps Them Up at Night at Least Monthly
Northwestern Mutual’s 2023 Planning & Progress Study finds Americans feel stronger about their friendships, mental health, physical health and job stability than they do about their finances. An arc of financial anxiety emerges – peaking for Millennials and sitting at the lowest levels for Boomers+.
IBM and the USTA Add Generative AI Commentary and AI Draw Analysis to the 2023 US Open Digital Platforms
Throughout the entire tournament, AI technology will automate the production of detailed audio narration and captions to accompany US Open highlight videos at unprecedented scale – for every match in the singles draw, across all seventeen courts.
Eggo® Collabs with Sugarlands Distilling Co. to Launch Brunch in a Jar, a Delicious Liqueur Made to Punch up Brunch
Inspired by classic brunch flavors, this rich and delicious creamy liqueur seamlessly blends the flavors of toasted Eggo waffles, sweet maple syrup and rich butter, with a hint of smoky bacon thanks to the artistry of the experts at Sugarlands.
In this newly created role and structure, McMahon will now lead all of CBS News’ broadcast and streaming operations, 27 local television stations in major U.S. markets, 14 local news streaming channels and CMV’s top-rated first-run syndication programming, as well as its content licensing to television stations and the division’s national advertising sales business.
PROPEL Learn will provide culturally-responsive content, curriculum and industry-aligned micro-credentials that are co-developed by industry experts, distinguished HBCU faculty, and notable workforce collaborators — making this a groundbreaking app for HBCU students at no cost.
Opening in spring of 2024, the highly-anticipated attraction joins the park’s lineup of revolutionary rides. Located in the newly incorporated Fire District, FIRE IN THE HOLE doubles the size of one of The City’s most popular areas, already home to Station No. 3 firehouse and a collection of family-friendly attractions.
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Rocky Parker is the Manager of Audience and Journalist Engagement at Cision PR Newswire. She's been with the company since 2010 and has worked with journalists and bloggers as well as PR and comms professionals. Outside of work, she can be found trying a new recipe, binging a new show, or cuddling with her pitbull, Hudson.


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Heating oil firms cleared of rip-off
Firms that offer heating oil and liquid petroleum gas (LPG) to four million homes not on the gas network have been cleared of profiteering by the Office of Fair Trading.
The OFT started an investigation in January after prices shot up last winter.
But the regulator said this "price spike" lasted only a short time.
It said it was due to a sudden 40% increase in demand and supply problems, caused by the severe cold weather.
The OFT said that in fact, 90% of the change in the price of customers' heating oil was due to changes in the price of crude oil.
"On the whole, competition works well, with consumers offered a good choice of suppliers, and the off-grid sector does not need price regulation," the OFT said.
"However, the OFT does have concerns that some heating oil and possibly some other off-grid fuel suppliers may not be treating their customers fairly and is currently examining practices further."
Of the off-grid homes, 2.3 million are heated by electricity only, 1.1 million by heating oil, 310,000 by solid fuel and 170,000 by LPG.
Despite last year's price "spike" for heating oil, the OFT found that 97% of off-grid customers lived in areas where they had a choice of at least four suppliers.
It concluded that there was real competition among the sellers, which had restrained prices and prevented profiteering.
However, during its inquiry, the OFT did find some evidence of dodgy practices by some firms.
As a result, it is still looking into claims that some suppliers charged more at the point of delivery than they had quoted to the customer when taking the order.
It is examining whether or not some LPG contracts were too expensive when an introductory offer had expired.
And it is also looking into claims that some firms are mis-selling solar panels.
Audrey Gallacher of Consumer Focus said: "It is welcome that the OFT has taken action on comparison sites and is looking further into issues on dodgy pricing practices and contract lock-ins.
"But as many customers will be worried about prices this winter, they need to see action taken quickly and strong protections in place."
During its inquiry, the OFT took action against several websites run by suppliers that masqueraded as genuine price comparison sites.


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Tags: 2011 CSHub Industry Day will be held at the Kresge Auditorium on the MIT campus in Cambridge Massachusetts
On Aug. 11, 2011, researchers from the Massachusetts Institute of Technology (MIT) Concrete Sustainability Hub (CSHub) will present their latest research findings and progress, during the 2011 CSHub Industry Day. The two inaugural work plans of the CSHub are “The Edge ...
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This article is more than 1 year old
Google accused of hard-coding own links in search
Harvard prof waves Google antitrust 'smoking gun'
Updated Update: This story has been updated with comment from Google.
In a still-simmering Google antitrust complaint, UK-based vertical search outfit Foundem accuses the Mountain View web giant of using its search monopoly to unfairly favor its own services over those of its competitors. Google chief executive Eric Schmidt denies the accusation, arguing that the company's search engine always delivers "the best end-user outcome." But Harvard professor and noted Google watcher Ben Edelman believes otherwise.
He says he's found a "smoking gun" that indicates Google's search engine does in fact favor the company's own services.
Edelman says his evidence shows that Google may "hard-code" its own links to appear at the top of certain algorithmic search result pages, including links for Google Finance, Google Health, and other Mountain View-operated web services. In other words, these links appear independently of Google's search algorithms, undermining the company's off-stated claims that its search results are unbiased and completely automated.
"Google's use of hard-coding and other search bias gives Google an important advantage in any sector that requires or benefits from substantial algorithmic search traffic," Edelman writes in a blog post unveiled on Monday morning. "By directing users to Google services, Google can make its offerings take off in a broad class of services — be it health, finance, maps, video, travel, or otherwise.
"Meanwhile, entrepreneurs recognize and anticipate that Google may bury their results as it favors its own services — blunting the incentive to build a business that competes with Google or competes with a service Google might plausibly develop. With Google already putting its Health and Finance sites first, even when user consensus is that other sites are preferable in these categories, it's easy to envision a future where user preferences and genuine excellence are less important than Google's rote power."
The implications are potentially far-reaching. "This could be very important in the long run," Edelman tells The Register. "In the long run, when Google is sued in comprehensive antitrust litigation and we get to see the processes that yield the [search results], this will be one of the smoking guns that guides the discovery."
Asked to comment, a Google spokesman provided the following statement: "We built Google for users, not websites, and while think it’s important to be transparent with websites about how we rank sites, ultimately our goal is to give users the most useful answer possible. Sometimes the most useful answer is a list of links, but other times it's a stock quote, a list of movie times, or quick answer to a question. That's what users want."
He also said that Ben Edelman has been a paid consultant for Microsoft.
Edelman begins his argument with a standard Google search for "CSCO" — Cisco's stock ticker symbol. Google returns a Google Finance page as the top result — though it's not labeled as such — and the next two most prominent links (a stock price chart and a link that does say "Google Finance") point to the same Google Finance page. This despite the fact that according to comScore, Google Finance is not the web's most popular finance site. You can see the search here (Google's "Instant" search is turned off, but the same behavior can be reproduced when it's turned on):
The question, Edelman says, is whether or not Google algorithms select Google Finance for these top spots. "How do Google's less popular services come to receive such valuable placements? Does favorable pagerank (or other favorable reputation) of google.com spill over onto other Google services to guarantee top position under standard ranking algorithms? Or have Google staff manually adjusted ('hard-coded') search results to give favored treatment to other Google services?" he asks.
Yes, Edelman argues they're hard-coded. To buttress this claim, he performs the same "CSCO" search, but with a comma at the end. With the typical algorithmic search, adding a comma doesn't affect the results (Edelman offers a "comma search tool" to show this). But if you search on "CSCO," — rather than "CSCO" — those Google Finance links vanish:
"What system design could explain that disappearance?" Edelman says. "My best assessment: If Google staff manually specified that a given result should appear at the top of results when users search for a specific search term, they might well forget to include search term variants with appended commas. Then a user searching for an unexpected variant, including by adding a comma, can see 'true' Google algorithmic search, unaffected by the manual overrides."
Edelman points out similar behavior with searches involving health terms. If you search on "acne", the three most prominent results are for Google Health. But these disappear if you add a comma — or make other small changes. And the same goes for every term listed in Google's Health Topics index. "While exact searches for the listed terms yield prominent links to Google Health, any tiny variant causes the Google Health results to disappear completely," he says.
He also lays out several other similar examples, spanning everything from travel deals to movie listings to patent filings.


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Struggling to get through the day so you can do it all over again tomorrow, then indulge in some form of turkey product on Thursday? We feel your pain, and if you’re sick of sifting through all the early Black Friday promotions in search of some real news, then look no further -- here’s the bits and pieces that are shaking loose from the newswire for this Tuesday, November 22, 2011.
We’ve got three words for you today: Short work week! For our U.S. readers, Thanksgiving is this Thursday and many folks have an extra day off on Friday, which means you’ll have a longer weekend at play than you will working three days this week. (Our apologies to those of you who don’t get to enjoy that scenario. We feel your pain.) But there’s still plenty of news floating around the interwebs, and we’ve collected some of the best stuff for you to read on this fine Monday, November 21, 2011.
Citigroup's research department is whispering hearsay that Amazon's got its own ideas for a smartphone next year. The "KindlePhone," as it's referred to in the article from All Things D, is allegedly slated for launch in late 2012. It's a fantastic idea for technophiles who have already adopted the Kindle Fire and are eager to step further into the Amazon ecosystem. And it's an amazing opportunity for Amazon to beat Apple at its own game.
It may be Monday, but so it was eventful one, with Apple surprising everyone with the release of iTunes 10.5.1 with iTunes Match after a two-week delay. Demand for the service was apparently so strong that the company started dialing down new subscriptions, so if you’re one of those affected, spend a few of those moments getting caught up on the rest of the news for this Monday, November 14, 2011.
It’s 11/11/11, which just so happens to also be Veteran’s Day here in these United States of America, It’s also a Friday, which means most of us are ready to eject the grueling memories of another work week and enjoy the weekend. But first, let’s take a moment and give some thanks to all of the veterans who have made such freedom possible in the first place -- and before you slam the office door behind you, read on for some of the other things making news on this Friday, November 11, 2011.
Going out of the country for a few months? Apple will begin selling unlocked, contract-free iPhone 4S handsets online here in the US. The 16GB model will go for $649, 32GB for $749, and 64GB for $849. It's not a bad price to pay, but if you're attracted to Verizon or Sprint you should avoid going this route and purchase the handset for that service instead.
Somewhere, Steve Jobs must be smiling. That’s because today, Hell froze over and Adobe finally waved the white flag of surrender on its efforts to bring Flash to mobile devices. Pretty amazing when you consider it was only a year and a half ago that Jobs penned that famous “Thoughts on Flash” meme which helped get the ball rolling for Adobe getting more behind HTML5. While mobile device owners savor a moment of victory, here’s what else is making headlines this Wednesday, November 9, 2011.
The iPhone 4S is the best disappointment Apple has ever released. The build-up to the company’s next iPhone was so over the top, so astronomically hyped, that for some, anything short of the iPhone 6 would have been a letdown. When the 4S was announced, “in-the-know” tech heads chastised it for retaining the same body they hailed as the best of all time a little over a year ago. But no matter how vocal the vocal minority might have been, the iPhone 4S has flown off shelves at a rate that just might make it the fastest-selling gadget of all time.
iOS 5 definitely introduced a slew of new features that long-time iOS users had been waiting on since Apple finally introduced copy and paste. And Apple has definitely heard the Call of the Users, as iOS 5 also comes chock full of shortcuts. Why bother swiping between home screens and sifting through apps when you can perform a few simple shortcuts to get what you want? Read on to find out how.
The first full week of November is here, and with it comes a time change for those of us in the United States who gained an extra hour of sleep on Sunday morning. Unfortunately, we don’t feel any more rested, which is why we were up early this morning seeking out all the news that you’ll want to read about for this fine Monday, November, 7, 2011.


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Kauai promotes itself to San Diego in advance of Alaska Airlines nonstop flights
The Kauai Visitors Bureau is presenting an event at a San Diego mall next weekend to promote tourism to the Garden Island just a few weeks ahead of Alaska Airlines’ launch of its nonstop service between San Diego and Lihue.
The new route will mark the first time Kauai has had nonstop service from the San Diego market.
The Mother’s Day Weekend “Discover Kauai in San Diego” event at San Diego’s Fashion Valley Mall will feature Hawaiian music by Nick Castillo of Kauai, a hula performance by Jayna Shaffer, also of Kauai, chances to win one of four Kauai vacation packages for two, a photo booth with scenic images of the island, and giveaways of Kauai Kookies and Kauai travel planners.
Beginning June 7, Alaska Airlines flights will depart San Diego daily at 10 a.m., arriving on Kauai at 1:10 p.m. Return flights will depart Kauai daily at 11:10 a.m., arriving in San Diego at 7:30 p.m. The flights will be operated with Boeing 737-800 aircraft, seating 157 passengers, with 16 first-class seats.
The event is presented by the Kauai Visitors Bureau with support from the County of Kauai, Hawaii Tourism Authority, Hawaii Visitors and Convention Bureau, Alaska Airlines, Grand Hyatt Kauai Resort & Spa, Koloa Landing at Poipu Beach and Kauai Kookies.
The HTA estimates that the new route will bring in $41 million in annual visitor spending and $4.5 million in tax revenue.
Stephanie Silverstein covers tourism, retail and money for Pacific Business News.
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Italian eyewear group Luxottica said on Tuesday it had acquired a 67 percent stake in Fukui Megane, a family-owned Japanese manufacturer specialising in the production of titanium and solid gold spectacles.
Nordstrom Inc said it had rejected an indicative take-private offer from its founding family group worth about $8.4 billion, a 2.2 percent discount to the U.S. department store operator’s market value as of Monday.
According to a study from IDC, the American company elbowed out competitors Fitbit and Xiaomi to claim the top spot in the global wearables market in 2017, as growth in the sector slows but shows no sign of stopping.
MySale Group has reported record sales and profitability for the half-year to December 31 with recent investment in its buy now, pay later option (called Ourpay) and its other tech updates helping to drive it forward.
U.S. e-commerce giant Amazon aims to launch its grocery delivery service in France as part of global ambitions to expand in food retail, though the move is not imminent, its general manager for France said.
Trade show Shoptalk and venture capital firm Commerce Ventures have unveiled Shoptalk Ventures, a programme that has committed $1 million over the next 24 months to 20 e-commerce and retail technology startups.
Edgewell Personal Care Company announced it has completed the acquisition of Texas-based luxury men's skincare company Jack Black, LLC. The brand was ranked the #1 best-selling men's skincare brand for 2017 by NPD Group.
The retailer forecast broadly lower-than-expected full-year profit on Friday as the department store operator grapples with weak demand for its clothes and fierce online competition, sending its stock down 10 percent.
Gerry Weber wants to boost its turnaround with the debut of a new brand. Gr8tful is a digital-only label offering premium womenswear with its launch this month inviting customers to a “relaxed online shopping” experience


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What are the potential long-term economic and business effects of the massive protests sweeping Hong Kong?
Both the NFL and its adversaries pointed to the low number of blacked-out games as a reason the FCC should rule in their favor in a dispute over a regulation giving the league the power to punish fans for staying home
The U.S. has precisely the kind of robust infrastructure missing in West African countries struggling to contain the outbreak
Microsoft has given in to critics and brought back the traditional start menu that consumers will recognize from Windows 7
Gross’s success also coincided with one of the best times in history to be a bond investor
Inspired by sculptor Richard Serra, a New Jersey management consultant makes equipment that doesn't dictate how kids play
There are already kimchi and yogurt doughnuts available abroad, but Dunkin' Donuts' top chef sees fermentation coming to the U.S. menu in sandwiches
MBA students from top business schools traveled to the Italian riviera to network with each other in fancy boats last weekend.
Governor Jerry Brown vetoes a union-backed California bill to give franchisees more rights in fights with corporate partners
By Douglas MacMillan and Rebecca Reisner
In August 2008 we reported on 18 chief executives who use the microblogging application Twitter to clue customers in on new services, help them with questions about their products, and generally get a little bit personal with customers, business associates, and the public.
Not even a year later, we bring you nearly 50 CEOs who find tweeting a personal and professional delight. Twitter's growth has been astounding. As of August, for example, Digg founder Kevin Rose had only 61,000 "followers"— people who sign up to view a certain Twitter user's tweets—but now he has more than 600,000.
So read on to learn how Virgin Group's Richard Branson, Zappos.com's Tony Hsieh, and dozens more CEOs harness the simple powers of Twitter.


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The government of Zimbabwe has set aside million for the establishment of what they are calling peoples shops. These shops will be established with the aim of bringing goods to people at affordable prices as the government continues to bolster the position that profiteering is the reason behind insistent price hikes. The shops will set up under the Silo name using existing Grain Marketing Board outlets, of which they 140 nationwide, to distribute. This was said by Information, Publicity and Broadcasting services minister Monica Mutsvangwa.
According to the minister the shops would wholly owned by the government and as such there would be no opportunity for people working in them to escalate prices as the private players have done. She also said the shops would operate on a non-profit basis. Both these statements are worrisome. The former because the GMB has a well documented recent scandal that involved depot managers selling depot maize stores to other depots and making a quick profit of it. The latter also brings things to question such as the ability to remunerate employees and manage other costs of operating the business. She went on to say they would find partners to make the project work.
Another announcement which is light on detail but heavy on rhetoric is not what the people of Zimbabwe currently need. Zimbabweans would gladly welcome lower prices, they need them, but these words remind of other promises that have gone unfulfilled.
Mike Madiro, deputy home affairs minister speaking on the same occasion went on to speak about the people’s shops as the preferred alternative to price controls. The idea behind the shops, according to him, is to bring competition to the retail environment and hence force retailers to offer competitive prices.
In the aftermath of this, a message that circulated on social media had the Reserve Bank Governor John Mangudya fuming. A message was circulated on WhatsApp and other media advising that the government of Zimbabwe had opened a wholesale people’s shop at number 80 Samora Michel Avenue in Harare. Included in the message were extremely low prices for basic commodities such as sugar, mealie meal, rice and more. 80 Samora Machel Avenue is, of course, the address of the Reserve Bank of Zimbabwe.
This idea is not new and has been tried before with little success. In the 2000s goods meant for these shops found their way to a black market that had been established due to price controls. Although this is only a supply-side intervention we have already been advised that they will not operate for profit and given that our government is cash strapped that only leaves taxpayers to foot the bill for these shops, now or in the future.


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COLUMBUS, Ohio — Limited Brands reported Wednesday that net income for the second quarter rose a better-than-expected 29% to $231.2 million, compared with $178.7 million in the year-ago period.
It cited strong full-price sales at Victoria’s Secret and Bath and Body Works for the strong showing.
Revenue rose 10% to $2.46 billion, matching Wall Street expectations. Same-store sales rose 9%.
"Our focus on managing inventory and expenses conservatively and staying agile yielded more full-priced selling and record results," Leslie H. Wexner, Limited's chairman and CEO, said in a statement. "As we enter the fall season, we will remain focused on our customers, and we see opportunity to continue to do better."


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AMD has recently updated its Vision micro-site with the first official 3DMark Vantage benchmark results of the company's upcoming Llano accelerated processing units (APUs), which are supposed to make their debut at Computex 2011.
The results have been removed from the site by now, but Nordic Hardware has managed to snag a screenshot right before the article was pulled down.
As a base for its comparison, AMD used the E-350 series APU, which was introduced earlier this year, and this was pitted against the A4-3300M, the A6-3410MX and A8-3510MX Llano APUs.
All the systems were paired together with 4GB of RAM clocked at 1333MHz (apart from the E-350 that is limited at 1066MHz), running in a dual-channel configuration.
The Llano APUs proved to be between 2.4 and 4.2 times faster than the E-350 in 3DMark Vantage, which seems just about right considering their specifications.
All the Llano processors used are mobile chips and the fastest of the three APUs is the A8-3510MX which features four processing cores with a base frequency of 1.8GHz and a maximum Turbo clock speed of 2.5GHz.
The four Husky/K10.5 x86 cores are paired together with 4MB of Level 2 cache memory and a Radeon HD 6620G on-die GPU which packs 400 stream processors clocked at 444MHz. The chip's TDP is set at 45W.
The two other Llano processors feature a quad, and respectively dual-core, design and include slower Radeon graphics cores, but both of these are a great deal more powerful than the E-350 GPU.
Outside of the on-die graphics core, Llano chips also feature an integrated dual-channel DDR3 memory controller and a PCI Express controller.
Computer manufacturers can choose to pair the APUs with AMD A70 or A75 chipsets, and both of these offer similar features outside of native USB 3.0 support which is only found in the A75 FCH.
An official launch date hasn't been mentioned, but a recent AMD press release seems to indicate these will debut at Computex, on May 31. The event will be broadcasted live over the Internet.


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Minister of Agriculture and Forestry Dr. Bekir Pakdemirli announced that they will make a support payment of 2020 million lira to our producers within the scope of aquaculture in 85 today.
Minister Pakdemirli stated that they continue to support the fisheries sector obtained through hunting and aquaculture every year with the new regulations they have made.
In this context, Pakdemirli said that they will transfer a total of 85 million TL of production support, especially for trout and Turkish salmon, to the accounts of our growers today.
"FISHERY PRODUCTION INCREASED TO OVER 61 THOUSAND TONS FROM 420 THOUSAND TONS"
Underlining that support has been provided to the sector since 2002, Pakdemirli;
“Thanks to the support we have provided, our production, which was 2002 thousand tons in 61, exceeded 2020 thousand tons in 420. Aquaculture production value increased from 212 million TL to approximately 13,5 billion TL.
Despite the pandemic, our aquaculture production increased by 13% last year compared to the previous year, ”he said.
Pakdemirli stated that the exports of aquaculture products, which were 2002 thousand tons in 27, reached 2020 thousand tons in 200, from 97 million dollars to 1 billion 64 million dollars in value. He said that they export to more countries.
breaking the record exports of fish produced in Turkey, indicating that it is very important to the world of selling Pakdemirli, he said he was a pleasing increase in domestic consumption in recent years. Minister Pakdemirli explained that this 35-40 percent increase in domestic consumption was due to the promotional activities and campaigns they carried out with NGOs.
"TURKISH SALMON BECOMES A BRAND IN THE WORLD"
Explaining that Turkish Salmon was accepted and became a brand in the world with the project they initiated in 2018, Pakdemirli said that with the projects and supports they implemented, 2020 million dollars of salmon was exported in 60 and that this export will increase even more in the coming years.


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The opening of fast charging technology provider Kempower’s new factory is progressing on schedule and the first production lines are being put into operation. In addition to assembly lines, Kempower’s new facilities in Lahti, covering an area of 10,300 square meters, include a laboratory, test and demo charging fields and an office space.
To meet market demand, Kempower will also continue production at the current production facility. CEO Tomi Ristimäki shed light on the schedule for the new plant opening on Wednesday 13 April at Kempower Investor Meeting.
Kempower will continue to expand its business in Europe according to set strategic growth targets. As communicated earlier, Kempower is also exploring different alternatives for expansion in the North American markets.Tomi Ristimäki, CEO of Kempower
We scale up production in two ways: by expanding assembly lines and by developing a strong, local supply network. At the moment, a majority of our materials and components is sourced from Finland.Sanna Otava, Kempower Chief Operations Officer
According to Chief Technology Officer Mikko Veikkolainen, the scalable and modular product portfolio has proven its strengths in the fast charging market. Dynamic power sharing reduces the unused capacity of charging fields and minimizes charging queues, enabling successful customer experience.
Every charging event is recorded in our Kempower ChargEye backend system, and we continuously monitor the charging success rate.Mikko Veikkolainen. Kempower Chief Technology Officer
Kempower has recently signed significant new agreements in all customer groups. “Among charging point operators, I would like to highlight Power Dot from Portugal, Vattenfall from Sweden, and Avia Weghorst, which recently opened the first Kempower charging hub in the Netherlands. We have received new bus depot orders from Denmark, Luxembourg, and Sweden. At the moment, we are seeing the interest in electric truck charging growing rapidly”, said CEO Ristimäki.
Kempower has no direct suppliers or production in Ukraine, Russia, or Belarus. Kempower has a strong domestic supply chain and all company’s products are made in Finland.
Kempower will publish its Business Review for January-March 2022 on 18 May 2022.
Tomi Ristimäki, CEO, Kempower
Tel. +358 29 0021900
Kempower, media relations:
Paula Savonen, Director, Communications, Kempower
Tel. +358 29 0021900
Kempower designs and manufactures DC fast charging solutions for electric vehicles and machines. We’re a team of electric vehicle enthusiasts with a deep understanding of the charging market and a hands-on mentality. Our product development and production are rooted in Finland, with a majority of our materials and components sourced locally. We focus on all areas of transportation, from personal cars and commercial vehicles to mining equipment, boats and motorsports. With Kemppi Group’s 70 years’ experience in perfecting DC power supplies, we set the bar high in engineering and user-experience design. Kempower is listed in the Nasdaq First North Growth Market Finland.