Month: July 2019

  • ISP vehicle involved in fatal Toll Road crash

    first_imgSTEUBEN COUNTY, Ind. (WOWO): Two people are dead after being rear-ended by an Indiana State Police cruiser on the Toll Road in Steuben County Tuesday afternoon.Two troopers were in marked police cruisers when they began heading toward LaGrange County to respond to a crash. Their lights and sirens were activated when a cruiser driven by one of the troopers tried to make an evasive maneuver to avoid slowing traffic.That’s when the police vehicle hit an SUV driven by 76-year-old Terry Wentworth of Mishawaka. His 74-year-old wife, Gloria, was in the front passenger seat. They were both pronounced dead at the scene.The trooper involved in the crash is hospitalized for non-life-threatening injuries.The investigation into the crash is ongoing.last_img read more

  • UK official signs order to extradite tycoon Mallya to India

    first_imgMallya, known for his flashy lifestyle, is accused in India of conspiracy to defraud, making false representations and money laundering offenses. Vijay Mallya leaves Westminster Magistrates Court in London, Britain, September 12, 2018. (Reuters Archive)A British official has signed an order that paves the way for tycoon Vijay Mallya’s extradition to India to face financial fraud allegations. London best pest control center_img The government office that oversees immigration and other issues said in a statement issued on Monday that Home Secretary Sajid Javid “carefully considered all relevant matters” before signing the extradition order.Mallya has 14 days to appeal.Known for his flashy lifestyle, he was a leading figure among India’s business elite.He launched Kingfisher Airlines and owned a stake in the Force India Formula One team.Mallya is accused in India of conspiracy to defraud, making false representations and money laundering offenses.He has multiple medical problems, but British Judge Emma Arbuthnot ruled last month he could receive adequate medical care in prison if he were extradited.Source: APlast_img read more

  • This is your Data Sheet newsletter for Wednesday April 24 2019

    first_img A Work Culture Built for All Generations Clay Chandler Amazon’s failure to gain traction in China is a riddle. While other U.S. tech giants like Google or Facebook can plausibly claim they never had a chance in China because they were blocked by Beijing, Amazon faced no such impediments. The U.S. online colossus came to China in the early 2000s, then ramped up its investment in 2004 with a $75 million purchase of Joyo.com, China’s biggest online bookseller at the time. Amazon built warehouses and data centers and created programs to help Chinese merchants sell on its site. But it refused to compete with local rivals who offered free shipping and overnight delivery without requiring minimum orders. This analysis in the South China Morning Post (owned by Amazon’s main China nemesis, Alibaba Group) blames the Seattle powerhouse’s defeat on dreadful web design. Amazon’s share of China’s $378 billion e-commerce market is less than 1%, according to iResearch China.Starbucks established early dominance in China. The company opened its first store in China in Beijing in 1999 and spent two decades developing coffee culture in a land of tea drinkers. Starbucks now operates more than 3,700 outlets in China and, according to Euromonitor, and commands a 50% market share in the country. Expansion continues at a relentless pace: Starbucks opens a new store in China every 15 hours.But, as Fortune‘s Eamon Barrett has noted, the Seattle giant was slow to recognize the challenge from Luckin, a startup founded in 2017 by the former COO of Uber-like car provider UCAR. Luckin’s stores are smaller and designed to facilitate pick-up and delivery–an idea that resonates with China’s mobile-mad young consumers. With initial funding from Singapore’s sovereign wealth fund GIC, and China International Capital Corp., Luckin achieved unicorn status within seven months. It has opened 2,370 stores in 28 Chinese cities, and plans to add 2,500 more this year. That would bring Luckin’s total to 4,500 stores, topping Starbucks. Starbucks’ China operation is highly profitable, while Luckin runs deeply in the red. Even so, Luckin recently raised $150 million from international investors including BlackRock, at a valuation of $2.9 billion.Many Chinese commentators have attributed the success of upstarts like Alibaba, JD.com and Luckin to China’s “996” work ethic. The number is a reference to the notion that, at Chinese tech firms, employees are expected to work from 9 a.m. to 9 p.m. six days a week. Founders of Alibaba and JD both weighed in last week to defend 996 culture. On Monday, a group of 100 software engineers from prominent American tech companies signed a letter of solidarity with Chinese tech workers who have sought to document the ill effects of “grueling and illegal” hours. The letter and protestors’ posts have been published on the “996.icu project,” a site hosted on GitHub, a subsidiary of another Seattle icon, Microsoft. NEWSWORTHYNot spooked. Speaking of homegrown Chinese players, telecom equipment maker Huawei got some good news from the United Kingdom. The country’s National Security Council said it would allow Huawei gear in “noncore” parts of new 5G wireless networks despite U.S. concerns about possible security vulnerabilities.IRL. One in 10 Americans does not use the Internet, according to a new report from Pew Research. The offliners are disproportionately older, poorer, and to have less education than a high school diploma. They are at least avoiding all of the online scams that have become prevalent. Global losses from online theft, fraud, and exploitation totaled $2.7 billion last year, about double the 2017 total, the FBI’s Internet Crime Complaint Center reports.Signaling. Twitter CEO Jack Dorsey met with President Donald Trump at the White House on Tuesday, just after Trump had criticized the social network for “playing their political games.” In a tweet about the meeting, Dorsey said “Twitter is here to serve the entire public conversation, and we intend to make it healthier and more civil,” adding: “Thanks for the discussion about that.”Speed bump. In chip world, Intel unveiled a bevy of ninth-generation Core processors for mainstream laptop and desktop computers, with speeds hitting 5 GHz even for the portables. But a new challenger may be coming. Samsung, already a giant in memory chips, announced a 10-year, $116 billion effort to compete in more advanced processor chips.Taking off. The Federal Aviation Administration certified Wing Aviation, the drone delivery unit of Google parent Alphabet, as an air carrier. The move means Wing can start charging for deliveries in Virginia and seek authorization to expand to other regions.Ding dong. A couple of expansions of e-commerce and retailing. Food delivery service Postmates is adding 1,000 more cities to its service area, bringing the total to 3,500, as it heads into an initial public offering. And Kohl’s is expanding a limited trial where it accepted Amazon package returns from 100 stores to all of its 1,150 outlets.Stand and deliver. In a busy period on Wall Street, Snap and eBay impressed investors while AT&T fell a little bit short. Snap said revenue increased 39% to $320 million and its shares, already up 118% this year, jumped another 4% in premarket trading on Wednesday. At eBay, revenue was about flat at $2.6 billion but that was better than analysts expected and its shares rose also rose 4%. AT&T, bolstered by its Time Warner acquisition, saw revenue grow 18% to $44.8 billion, slightly less than analysts expected. AT&T shares, up 16% this year, were down 1%.FOOD FOR THOUGHTNot everyone’s a fan of the vastly growing market for podcasts. Washington Post pop music critic Chris Richards wrote a rant last week making the case that the proliferation of podcasts is wasting our time and crowding out listening to music. Plus, there’s the annoying vocal styles:Forget the lousy microphones and the dinky interstitial stock music — the thing that derails most podcasts is the blab. There are two kinds, more or less. The first is that soft, inquisitive staccato popularized by Ira Glass on “This American Life,” the source from which so much pod-voice appears to have sprung. The second mode is performative in a different way, and you hear it on most round-table podcasts — a tone that people use at parties when they want to be heard by people that they aren’t necessarily talking to. And it’s pretty much one or the other. Be podcasted to in a cozy, overly considered way, or be podcasted at in a hastier, less-considered way.IN CASE YOU MISSED ITNetflix CEO Reed Hastings’ Compensation Skyrocketed 48% to $36.1 Million in 2018 By Chris MorrisTextio’s New Tool Will Take the Words Right Out of Your Mouth—and Maybe Improve Them By Michel Lev-RamAmazon Now Delivers Packages Inside Your Garage By Laura StamplerInstagram Now Lets Users Quiz Their Followers. Here’s How By Don ReisingerCoinbase Shuts Chicago Office as Crypto Slump Continues By Jeff John RobertsApple CEO Tim Cook Speaks Out About Doing ‘What’s Right’ Despite the Backlash By Don ReisingerBEFORE YOU GOAnd the award for the clickiest headline of the week goes to The Atlantic: The Predator That Makes Great White Sharks Flee in Fear. Spoiler alert: it turns out killer whales are the more effective hunters, although I’m not sure I was so surprised to learn that was the answer to the headline’s “curiosity gap.”This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.You May Like Sponsored Content by Qingdao Haier Sponsored Content Haier Smart Home Has the Solutions A waitress prepares coffee at a Luckin Coffee on Jan. 14, 2019. Fred Dufour—AFP/Getty ImagesThis is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here.The China operations of two iconic Seattle-based companies have made headlines in recent days. Last week, Amazon announced that it will close its floundering domestic e-commerce business in China, ending a fifteen-year struggle for market share. And on Monday, Luckin Coffee, the scrappy Beijing-based startup that is on the verge of overtaking Starbucks as China’s largest coffee chain, filed to list shares on the NASDAQ.The common thread to both stories (aside from their Seattle connection) is that they demonstrate that in the world’s largest consumer market even the most powerful Western firms face formidable competition from nimble homegrown upstarts. By Ultimate Software @claychandler clay.chandler@fortune.com HealthFormer GE CEO Jeff Immelt: To Combat Costs, CEOs Should Run Health Care Like a BusinessHealthFor Edie Falco, an ‘Attitude of Gratitude’ After Surviving Breast CancerLeadershipGhosn Back, Tesla Drop, Boeing Report: CEO Daily for April 4, 2019AutosElon Musk’s Plan to Boost Tesla Sales Is Dealt a SetbackMPWJoe Biden, Netflix Pregnancy Lawsuit, Lesley McSpadden: Broadsheet April 4last_img read more

  • A Primer on the Merits of Facebook Recruiting

    first_imgIs Facebook truly an opportunity for recruiting? In short, it may be for some. With social media sites such as LinkedIn already playing the role of the lead dog, Facebook appears to be lagging in many regards. The biggest knock on the site is its lack of hiring process specificity. And while this is true, there’s more to consider. But Facebook is home to throngs of people casually browsing and interacting on the internet. Many of them would be considered strong candidates in a traditional hiring process. It’s just a matter of attracting them and getting them to take a step toward your company.Luckily, doing this isn’t very complicated. You will have access to hoards of applicants on Facebook. An application that will be a great asset to you in your search is Work for Us. It was developed specifically with the recruiting process in mind. With it, you can post jobs and get that coveted access to the millions of people who use Facebook.As far as recruiting tips go, using Facebook may be a worthwhile idea for the right companies. Read the full article by Lance Haun for more information on this topic.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more

  • 6 Ways to Reinvent Your Product Strategy

    first_imgAt the expansion stage, companies are often full of rightful excitement as they continue to grow and build momentum. But that growth often comes with a few bumps that companies need to address to maintain their skyward trajectory. One of the biggest issues that I’ve noticed is some companies’ inability to adjust product strategy adroitly as market conditions change. Typically, as an expansion stage business grows outside of the limited market it served as a startup, it can be difficult to continue growing  in the more mature, crowded markets it needs to target, or to figure out new market niches that it can dominate.Central Desktop (disclaimer: an OpenView portfolio company), an expansion stage company that delivers a cloud-based social collaboration platform, is a great example of the need to reinvent product strategy in a stagnant market. The company competes in the extremely competitive market and, in recent years, has faced rapid price erosion and commoditization of typical feature sets because of the maturation of that market. That’s forced competitors to find new markets or niches that allow them to differentiate by some degree of specialization.So, the question becomes how can those new startups and growth stage companies reinvent their product to address new markets or expand its existing market enough to attain the rapid growth their venture capital investors are always urging?The challenge for expansion stage companies is much more unique and sometimes more difficult to overcome. But there is a systematic framework for refreshing the product strategy, using “value innovation,” opening doors to new markets or niches that most companies typically do not see or only stumble upon by accident. It will help prevent the market stagnation that many expansion stage businesses face and continue to promote the rapid growth.W. Chan Kim and Renee Mauborgne’s 2005 book Blue Ocean Strategy is a good introduction to this framework. In it, the authors list six “frontiers” or “perspectives” into which innovations can be directed to create new markets or regenerate existing ones. According to Kim and Mauborgne, they are:1. Substitute IndustriesLook beyond direct competitors and see the market as the aggregate of both direct competitors and substitutes. For example, the most potent competitor to all project management tools is Microsoft Excel — a substitute of those companies’ products, not a competitor. So, rather than simply considering the competing products that your potential customers could buy instead, also think about the solutions that they could substitute as an alternative to buying anything at all.2. Strategic Groups Within IndustriesThat is to say, redefine market segments within an existing market. By doing that, your company can deliver outstanding, differentiated value to each of those segments, and grow the market from within.My colleague, Firas Raouf, wrote a great blog post early last year about market segmentation and why it can be a particularly effective means to profitable growth.3. The Chain of BuyersMost companies only focus on the immediate buyers, neglecting the need to address influencers and users who might ultimately become buyers. For example, Research in Motion (RIM) dominated the smartphone market for years because the company excelled at serving the needs of corporate IT departments (immediate buyers).Apple, on the other hand, does not have great corporate email on the iPhone. But that product’s outstanding form factor, user friendliness, and versatility has allowed it to appeal directly to a new wave of corporate users who are flocking in droves to the iPhone, in spite of its IT department misgivings. RIM missed an opportunity by neglecting the chain of buyers.In September, iPhones outsold Blackberry’s (RIM’s product) for the first time and Apple is setting its sights on gaining even more market share among corporate smart phone users.4. Complementary Product and Service OfferingsExpand a product horizontally by integrating it with other products and services that serve the same market segment. Web-based collaboration application company 37signals does this really well, integrating its service with many other web-based software tools that form the backbone of small business software systems.5. Functional or Emotional Appeal to BuyersSometimes, the way to differentiate is to go against the industry norm. Again, Apple has written the book on this frontier. The company keeps coming out with beautifully designed, expensive looking laptops that are priced at a premium to the market and the strategy has worked, even as other PC manufacturers try to soup up their offerings with more powerful processors.6. Take Control of TimeThis is perhaps the most subtle of perspectives in Kim and Mauborgne’s book. Essentially, they identify “shakers and movers” across industries who, instead of waiting for external forces to shape their markets, participate fully in the development of the market. That may be through internal innovation, strategic investment, or regulatory changes. Regardless, they become the headliners and the frontiers moving vanguard that ultimately define brand new markets altogether.If you’re a senior manager at an expansion stage company that feels like it needs to revisit its product strategy, keep those six “frontiers” in mind.Keep in mind that reinventing your product strategy doesn’t necessarily mean that you need to reinvent your business. But as the company grows and the number of its competitors increase, it’s important to stay fluid and keep your mind open to new ways to differentiate your product from an otherwise crowded and competitive market.Photo by: Beverley GoodwinAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more

  • VC Due Diligence Are Your Forecast and Pipeline Reviews Accurate and Honest

    first_imgThis is the final post in a series about the things venture capitalists look for when they perform due diligence of an expansion stage company’s sales organization. To read the intro to the series, click here. To read the previous posts, click here, here, and here.Over the last month, we’ve covered three very important factors that venture capitalists look for when they perform due diligence on a potential investment’s sales organization.To recap: We like to see (though it doesn’t happen very often) that a business has a very clear understanding of its target market and buyers, a sales process that maps to those things, and a sales team that can be cloned to replicate the company’s previous success.It’s rare that we find all of those components in one company, but that’s not the point. The purpose of performing due diligence on an expansion stage company’s sales organization is to confirm the future potential of the business and judge how prepared it is to scale and grow into a great, big company.Which is why the last thing I’ll discuss in this series is so critically important. After all, venture capitalists aren’t charities. We exist, like any other for profit enterprise, to make a return on our product (which, as OpenView’s Nick Hammerschlag points out, is cash). So, what’s that oh-so-important final component of VC due diligence?A forecast and pipeline review that shows substantial revenue potential. Now, that doesn’t mean that the business has to be profitable right now. It means that, if a business is promising significant revenue in future quarters, we want to confirm that their forecast and pipeline information isn’t total garbage.As VCs, there’s typically a number that we commit to in the quarter we make the investment. That number is usually based on revenue or bookings and can significantly impact the valuation of the deal itself.For example, let’s say a company’s growth rate has staggered a bit, but they’re promising an uptick in the current quarter. I want to validate that by performing an objective analysis that proves their assertion. That might include evaluating things like:  The names of the companies that they expect to closeThe realistic dollar amount of those dealsThe date they’re going to closeThe probability or stage of each deal based on the company’s sales processThe definitive next step that will ensure those deals close  From there, I can look at each forecasted sale, examine the best and worst case scenarios that could impact each one, and determine whether the company has a buttoned-up forecasting process, or some framework built on pie-in-the-sky projections. We’ll also break out renewal business versus new business in the forecast due diligence process, allowing us to see where the forecast is more heavily weighted. Ideally, it should be on new business.As for a broader pipeline review, the more it’s tied to specific details (sales process stages, probabilities, and date-to-close, for example), the more comfortable VCs will feel with its accuracy and viability. If it’s sloppy, inaccurate, or loosely tied to documented data, red flags will inevitably be raised.Ultimately, a forecast and pipeline review during the due diligence process is about fact-based, objective validation. We don’t want to know what you hope to close in the next quarter. We want to know what will close. And we want to see supporting information, processes, and history that prove your claims.The bottom line — and the underlying point of this series — is that venture capital deals can be made even if a potential portfolio company has done none of the things I’ve discussed in this, and previous, posts. But those deals are the exception, not the rule. The more that you can legitimately and explicitly present valid revenue potential to a VC, the better your chances are of signing a term sheet that can propel your business forward.    AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more

  • Branded Content Guide 5 Steps to a Complete Strategy

    first_imgLaunch a more engaging and better targeted branded content campaign next year with these five steps.Branded Content Guide: 5 Steps to a Complete StrategyRosie Siman, Senior Strategist at 360i, offers a five-step guide to creating branded content in a post at Fast Co. Create.Siman warns that even though 90% of marketers acknowledge that content marketing will become even more important in 2013, only 38% of them “actually have a content strategy in place.” To help you “go about creating and curating the best” branded content, she offers five steps.First, Siman says, “use social listening to understand your audience.” Figure out where your audience spends its time online and what type of content it consumes. Next, “create a feedback loop to leverage success and limit failures” by paying attention to the reporting you get from your community managers and the web metrics you have access to.Be sure you have both the content curation and “daily updates that remind people you exist,” and the “content you produce that’s as interesting in two months (or two years) as it is today.” Get Siman’s final steps at Fast Co. Create and rethink your branded content strategy for next year.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more

  • Keeping Boston Students from Packing Up for Silicon Valley

    first_imgThe Need for More Boston Tech Internship Programs Could additional Boston tech internship programs be the answer to seeing more of the young talent developed in Boston stay in Boston?Boston is known for its universities — Harvard, MIT, Boston College, Northeastern, just to name a few. These schools attract the best and the brightest from around the world — students who are diverse in culture and background, students with remarkable ideas and talents. But for many of them, after four years here in the Hub studying and collaborating, interning and creating, they leave. Where do they head? For some it’s New York, for others DC, but if it’s a career in tech they are pursuing, chances are they have their sites set on the alleged epicenter of the startup world, Silicon Valley. So just to be clear — Boston’s top universities with top entrepreneurship programs mold the future leaders in technology and then they set them free to innovate and create elsewhere. With all the reputable startups and tech companies in the Boston area, how are we letting this happen?Keeping Talent Developed Here in Boston Working Here in BostonAccording to a recent BostInno article, “The Real Reason Students Leave Boston Isn’t the Housing, Weather, Bars or the T”, the most important factor for the annual graduate exodus is jobs. The article goes on to say that we do not have enough jobs in Boston for recent graduates, but I would argue that we in fact do — we just are not recognizing it.The Need for More Boston Tech Internship ProgramsWe need to start healthy, robust internship programs at tech companies in Boston that can help funnel the top talent into the Boston market after graduation. We have job openings, we are just not recognizing/calling out that these positions are jobs that recent graduates who have had some training (i.e. internship programs) can do. By creating relationships with students early in their college careers companies can effectively build their talent pipelines. Take engineers, for example. In the tech community, excellent engineers are priceless. Companies are constantly recruiting for them, whether they have a shortage or are expanding so quickly they don’t have enough bandwidth to keep up with their engineering needs. Why is it, then, that they don’t look more often to the engineering students at MIT, Northeastern, or any of the other local universities that have renowned engineering programs to enhance their workforce? If we build out internship programs that encourage students to learn about Boston tech startups we help the situation twofold. First, students feel more confident in staying in the Boston area post-graduation knowing that there are opportunities here. Second, employers will have qualified talent who are vetted and familiar with their solutions and who are eager to work and be part of the Boston tech scene. A great way to get started with bringing interns on board is to work with local universities on developing a summer internship program. For more information, my colleague Meghan Maher has written a terrific blog post, “Considering a Summer Internship Program? 4 Questions to Ask First.”We in the tech community need to do more to entice students to stay and help grow our companies. What are your ideas for keeping students local?AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more

  • Corolla Toyotas Car for the Masses Turns 50

    first_img Next Article Here are some milestones along the way of Toyota Corolla’s success and where it stands today. 3 min read Toyota –shares This story originally appeared on Reuters This past weekend marked the 50th anniversary of the Toyota Corolla, one of the world’s best-selling cars.Since the first model went on sale in Japan on Nov. 5, 1966, some 44.3 million Corollas have been sold globally through the end of September, including the Corolla Fielder station wagon and other variants, the Japanese automaker says.Here are some milestones along the way and where it stands today.Car for the massesToyota Motor Corp’s first generation model of Corolla car is seen in this undated handout image and released by Toyota Motor Corporation.Image credit: Toyota Motor Corporation/Handout via ReutersIn the late 1950s, as Japan’s economy recovered from World War II, automakers aimed to produce an affordable car for the average family, most of whom didn’t have a vehicle.Toyota Motor Corp. first came out with the Publica, which wasn’t very well received. In 1966, it introduced the sportier two-door Corolla with a jaw-dropping plan: to build 30,000 of them a month at a time when Toyota’s total monthly production was 50,000 vehicles.The car sold well as Japanese consumers aspired to get the “3 C’s” — color TVs, cars and coolers (air conditioners). Three years after the launch, the Corolla became the country’s top-selling car and helped usher in an age of motorization in Japan.”Better than average”Toyota Motor Corp’s third generation model of Corolla car is seen in this undated handout image and released by Toyota Motor Corporation.Image credit: Toyota Motor Corporation/Handout via ReutersThe man in charge of developing the original Corolla, Tatsuo Hasegawa, had designed aircraft during the war, and incorporated some aircraft aerodynamics into the new car.His concept for the Corolla was “80-plus-points” — in short, a car with a more-than-passing grade on several counts that gave customers the feel of a better-than-average product.For the first-generation Corolla, the going-the-extra-mile “add-on” was its sportiness, despite being a family car. Hasegawa gave the car a 4-speed manual transmission operated by a gearshift on the floor, instead of the more typical 3-speed, column shifter at the time.The Corolla also had a 1,100cc engine, a bit larger than that of its rival, the Nissan Sunny.Toyota has stuck to its tradition of introducing new technologies to the masses with each remodeling of the Corolla. Now in its 11th generation in Japan, the car is made in 13 countries around the world and sold in more than 150 countries.No longer kingToyota Motor Corp’s 11th generation model of Corolla car is seen in this undated handout image and released by Toyota Motor Corporation.Image credit: Toyota Motor Corporation/Handout via ReutersAfter 33 straight years as Japan’s top-selling model, the Corolla lost the crown in Japan to rival Honda Motor’s Fit hatchback in 2002.It is now also outsold by the Toyota Aqua and Prius hybrid-only models as domestic customers opt for more fuel-efficient cars.The outlook at home is bleak, with the overall car market due to shrink further along with the population. Domestic sales of the Corolla are now about a quarter of their peak of around 400,000 in 1973. But the Corolla is still a cash cow in the United States, where it is the number-two best-selling passenger car model so far this year, behind only the Toyota Camry.(Reporting and writing by Malcolm Foster and Chang-Ran Kim; Editing by Simon Cameron-Moore) Add to Queue 2019 Entrepreneur 360 List Corolla, Toyota’s Car for the Masses, Turns 50 November 7, 2016 Image credit: Toyota Motor Corporation | Handout via Reuters Reuters The only list that measures privately-held company performance across multiple dimensions—not just revenue. Apply Now »last_img read more

  • Look Out for These 2016 Cyber Monday Deals

    first_img Crowds, lines and chaos — Black Friday is one hectic “holiday.” For those opting out of Nov. 25’s shopping frenzy, you’re in luck — Cyber Monday is close behind.In fact, some companies are even starting their online deals early. Wal-Mart’s “Cyber Week” begins on Black Friday. You can get Best Buy’s crazy good deals now.Related: Here Are the Stores That Will Be Open on Thanksgiving DayAs shopping online consistently grows more popular, Cyber Monday (or Cyber Week) is sure to be another success this year. So sit back, relax and get all of your discounted items online.Check out these online discounts you don’t want to miss.Echo smart speakerAmazon’s Echo smart speaker is rumored to drop to $139.99, and its Echo Dot speaker accessory to only $39.99.Kindle e-readerThere’s much talk over price drops for Amazon’s popular e-readers. The Kindle Paperwhite will allegedly be available for $99.99 on Nov. 28.Dell laptopAccording to a leaked Cyber Monday ad, Dell is planning on some major price cuts on products for the online shopping frenzy. From 8 a.m. to 8 p.m., score a Dell XPS 8900 laptop for only $699.99 (typically $1,049.99).Xbox and Playstation Dell will offer an XBox One bundle for only $249.99. For those who prefer Sony’s system, the PS4 Slim 500 GB Uncharted 4 Bundle will be on sale for $279.99.Related: The Best Black Friday Deals of 2016Samsung Smart TVThe Samsung 65-inch Curved 4K Smart HDTV, which is usually priced at $2,399.99, will be available on Dell.com for only $1,099.99.TabletsYou can save big on tablets this year. Best Buy will offer $200 off the gold Galaxy TabPro S and $75 off all 128GB iPad models. The store has started cyber deals early this year to beat the rush — so many of these promotions are available on its website now.EBay will offer the Apple iPad Pro 12.9-inch 256GB Wi-Fi (all colors) for $649.99 — it’s priced at $999 on Apple’s website.  Noise-canceling headphonesAmazon may offer $100 off Philips Fidelio Noise-canceling headphones. Best Buy will offer Bose SoundTrue Around-Ear Headphones II for $99.99.DronesDJI Phantom drones will be offered at a 40 percent discount on eBay. DJI’s Phantom 3 Professional drone, which is typically $1,408, will be available for $749 on eBay.Related: 4 Ways to Fit Holiday Shopping Into Your Hectic ScheduleApple computersLikely due to Apple’s recent release of new Macbooks, eBay will offer Apple’s typical $999 Macbook Air for $786.99. Also on eBay, the $2,149 Apple iMac will be available for $1,899.99. –shares Companies are gearing up for the online shopping ‘holiday.’ Check out what we’ve dug up. Rose Leadem Next Article Add to Queue Look Out for These 2016 Cyber Monday Deals Learn how to successfully navigate family business dynamics and build businesses that excel.center_img Free Webinar | July 31: Secrets to Running a Successful Family Business 3 min read Image credit: Ekaterina Minaeva | Getty Images November 23, 2016 Cyber Monday Register Now »last_img read more

  • Intel Buys SelfDriving Tech Firm MobilEye for 153 Billion

    first_img After falling out with Tesla, MobilEye has been working with Intel on autonomous tech. –shares Intel’s recent work with MobilEye on self-driving cars must have gone well, because the chip giant is buying its Jerusalem-based partner for $15.3 billion.The deal was first reported by Israeli business site The Marker but has now been confirmed by the two companies. MobilEye is one of the largest players in autonomous vehicle tech and was in the news recently over a spat with Tesla following a fatal Model S crash in Florida. However, it recently teamed with Intel on BMW’s iNext self-driving platform, which the automaker aims to put into service by 2021.The technology they’re working on isn’t just for BMW vehicles, though. The idea is to build a “scalable architecture” that can be used by any automaker, especially if they don’t want to build their own tech from scratch. As such, it could become a huge business for MobilEye, which may help explain the huge acquisition price. The deal is one of the largest acquisitions of an Israeli-based tech company ever.Despite a recent PC renaissance thanks to Microsoft’s Surface and other devices, desktops are still losing ground to mobile devices. That has affected Intel’s bottom line while benefiting companies like Qualcomm, which makes the chips used in many smartphones and tablets. The situation has forced Intel into other areas like wearables, connected homes and “internet of things” devices, none of which has exactly taken off yet.BREAKING: Intel to acquire Mobileye for $63.54 per share in cash, or about $15.3 billion. $INTC $MBLY— CNBC Now (@CNBCnow) March 13, 2017Autonomous cars, on the other hand, are one of the hottest things in tech, with virtually every automaker, tech company and even peripheral firms like Uber and Lyft working on (and fighting about) them. Even if fully autonomous cars don’t work out as planned (some critics think it’s a distant pipe dream), autopilot tech that aids drivers and prevents accidents is available now on Tesla EVs and other cars. Ironically, MobilEye’s early success was due in large part to Tesla, and that partnership dissolved in a not-very-friendly way. Intel Buys Self-Driving Tech Firm MobilEye for $15.3 Billion Image credit: Intel via engadget Learn how to successfully navigate family business dynamics and build businesses that excel. 2 min read Register Now » March 13, 2017 This story originally appeared on Engadget Free Webinar | July 31: Secrets to Running a Successful Family Business Next Article Add to Queue Intel Steve Dentlast_img read more

  • The Hottest Stocks Posted the Days Biggest Declines

    first_img Entrepreneurial companies had a dramatic day on Wall Street. The Hottest Stocks Posted the Day’s Biggest Declines Guest Writer Andrew Osterland –shares Some of the year’s hottest stocks posted the day’s biggest declines, as a broad sell-off in the stock market gathered steam throughout the day.The newly launched Entrepreneur Index of 60 leading companies, run by their founders or founding family members, was down 4.41 percent, closing at 161.3. Only three of the 60 stocks in the index rose and 15 had declines of more than 5 percent. The transaction volumes for virtually all stocks in the index were well above average.Technology stocks, the hottest segment of the equity market this year, were among the hardest hit. Netflix was down 8.38 percent after nearly doubling since the beginning of the year. Other tech companies in the index that fell sharply included Alphabet, Amazon, NVIDIA, Salesforce.com and Adobe. All of them were down by more than 5 percent.Twitter posted the steepest decline on the day, falling 8.5 percent. The stock has been falling since the social media giant disclosed in its second quarter earnings release that the number of active users on its network had fallen. The company’s ongoing battle with bots and trolls is to blame. The automated accounts make it hard to evaluate user and advertising metrics for the network. Twitter shares are down 45 percent since peaking in late July.Related: What Should I Know About My Stock Options?Iconic clothing manufacturer Ralph Lauren also had a major dressing down on the day, falling 8.44 percent. Trade concerns with China appear to be a big factor in the decline. LVMH Moet Hennessey Vuitton recently issued warnings that Chinese customs officials were cracking down on consumer purchases of western luxury brand items in the country. The shares of brands like Ralph Lauren fell sharply as a result.Still another factor hitting the market was the lowering of global economic growth estimates by the International Monetary Fund yesterday. The IMF cited turmoil in emerging markets as the reason for downgrading its estimate for this year. That helped drive down the price of crude oil by 3.15 percent. Hess Corp, the only oil and gas producer on the Entrepreneur index fell by 7.41 percent. It is still up 40 percent so far this year.JM Smucker was one of only three stocks in the index to buck the extremely bearish trend. The food products manufacturer was up 1.54 percent for the day. The other two stocks posting gains were discount retailer Dollar Tree (1.65 percent) and home products retailer Bed Bath and Beyond (0.36 percent). Investors could be looking for value as all three stocks were down more than 15 percent on the year. They also all have high exposure to the U.S. economy, which continues to outpace growth in the rest of the world. Entrepreneur Index Opinions expressed by Entrepreneur contributors are their own. 3 min read Next Article October 10, 2018 Image credit: LightRocket | Getty Images Add to Queuelast_img read more

  • Wessanen agrees to be acquired by consortium for 885m euros

    first_imgWessanen agrees to be acquired by consortium for 885m eurosPosted By: Jules Scullyon: April 11, 2019In: Beverage, Business, Food, Industries, Mergers & AcquisitionsPrintEmailDutch food company Wessanen has announced its board has accepted a takeover offer valuing the firm at around €885 million.The Amsterdam-headquartered company – owner of brands such as Kallø, Whole Earth, and Clipper Teas – will be bought by a consortium consisting of private equity firm PAI Partners and Charles Jobson, Wessanen’s largest shareholder.Following completion of the deal, PAI will hold approximately 62% and Charles Jobson approximately 38% in the consortium.In a statement, Wessanen said it welcomes the prospect of the longer term stability under the ownership of the consortium, expanding its position in organic foods.The consortium said it shares Wessanen’s view to upgrade its operations to improve the efficiency across the entire value chain of the business and to add scale in core categories and markets through acquisitions.The transaction will not have a direct impact on the total workforce and the Wessanen headquarters will remain in Amsterdam.Christophe Barnouin, CEO of Wessanen, said: “Our vision is to build a European leader in organic and sustainable food. We want to remain at the forefront of making food healthier and more sustainable for the benefit of both consumers and the planet. This requires a long-term commitment from shareholders and long-term investments. It is all the more critical in an era where organic, sustainable and healthy themes have grown increasingly popular, which in turn has resulted in a more competitive landscape.Wessanen owns brands such as Kallø, Whole Earth, Clipper Teas, and Mrs Crimble’s.“PAI and Charles Jobson are fully supportive of our strategy and will bring a longer term horizon and additional investments supporting the execution of our plans. We believe that for our existing shareholders, the offer represents an attractive price. Taking into account the interests of all stakeholders, the boards consider the offer to be in the best interest of Wessanen and we therefore fully support and recommend the offer.”Gaëlle d’Engremont, partner at PAI Partners, added: “Wessanen is extremely well-positioned in the European health food industry, housing high-quality brands and being at the forefront on innovation in this rapidly growing sector. We intend to accelerate Wessanen’s growth using our experience in the food and consumer space and investing further in the brands and the people of Wessanen to increase the reach of the company.“We are fully committed to Wessanen’s current strategy and are excited to work alongside their passionate management team and long-time shareholder Charles Jobson. Together we can support the company to further build on its position as a leading sustainable and healthy food company in Europe, fully engaged with its customers on a daily basis.”Share with your network: Tags: NetherlandsPAI PartnersWessanenlast_img read more

  • Strong first quarter highlights Pepsis strength Laguarta says

    first_imgStrong first quarter highlights Pepsi’s strength, Laguarta saysPosted By: Alex Clereon: April 18, 2019In: Beverage, Business, Dairy, Financial, Food, Industries, Manufacturing, People, SnacksPrintEmailNew CEO Ramon Laguarta claimed PepsiCo’s first-quarter results were “emblematic of a number of key strengths”, after the company reported steady revenue growth for the first three months of the year.The company turned over $12.88 billion – up 2.6% on the first quarter of last year – thanks to particularly strong organic growth within Frito-Lay North America, PepsiCo Beverages North America and all of the business’ international units.Laguarta, who became CEO in October, later told investors that the good results were indicative of “the health and resilience” of PepsiCo’s categories, brands and portfolio.“We are pleased with our results for the first quarter,” he said. “While adverse foreign exchange translation negatively impacted our reported net revenue performance, our underlying organic revenue growth accelerated to more than 5% in the quarter. Frito-Lay North America and each of our international divisions delivered particularly strong operating performance, and PepsiCo Beverages North America generated sequential quarterly net revenue acceleration.“We are equally pleased with the progress we are making on our ambitious agenda to invest to build capabilities, strengthen our brands, and add capacity to grow. With our strong start to the year and good momentum on our key priorities, we remain confident in achieving the 2019 financial targets we communicated earlier this year.”The strong first quarter follows a fourth quarter of 2018 – Laguarta’s first as CEO – in which PepsiCo recorded similarly respectable growth.Since the start of the year, it has delivered a number of steps that have helped bolster its portfolio: in January it revealed plans for the world’s first nitrogen-infused cola before acquiring the protein and wellness brand CytoSport from Hormel Foods.In March, the company appointed Paula Santilli, the current president of its Mexico PepsiCo Foods division, as the new chief executive officer of its Latin American unit.The appointment, effective from May, sees Santilli replace former Latin America division head Laxman Narasimhan, who was poached to join Laguarta’s management team in the role of chief commercial officer.Share with your network: Tags: PepsiCoUSlast_img read more

  • Give Your Chats a Personal Touch With Free Videoconferencing

    first_imgTechnology –shares Learn how to successfully navigate family business dynamics and build businesses that excel. Set It All UpYour first step into the world of videoconferencing–if your computer didn’t come with a built-in camera–is to set up your Webcam. Nearly all Webcams are USB devices, so setup is generally very easy. In most cases, however, you should install the driver software before plugging in the camera, to ensure that your drivers function properly. In the case of most Logitech QuickCams, for instance, you will be prompted to plug in the camera at a specific point during the installation.After installing the Webcam driver and plugging in the camera, you’re only halfway finished. Your next step is to test the camera’s microphone or install a separate mic and test it. If you’re using a camera with a built-in mic, you can control the audio settings via the software that came with the Webcam. If, on the other hand, you’re using a standard headset plugged into your PC’s audio jacks, you should use the Sound control panel in Windows to select, configure, and test your microphone.A few more points to consider before you get started: If you’re telecommuting from home, pants may be optional, but a shirt isn’t. Wear a solid color if possible, but especially avoid thin lines and patterns that can look jumbled on screen. Slow Internet connections will only worsen the appearance of an already complicated shirt pattern. And you’ll look your best under lots of natural light. Ideally, position yourself near a bright window or other warmly lit source. Avoid having bright lights directly behind you, because they might confuse the camera’s exposure.Cross-Platform Video Chat With AIMUnlike e-mail, videoconferencing lacks a single standard that lets all clients talk to one another. And because of complexities in video-chat protocols and video-codec licensing issues, third-party open-source IM apps such as Pidgin still don’t support video chat at all. So for the most part, you can forget about chatting face-to-face with friends who use a different chat program than you do, with one notable exception: AIM can connect you to Mac users for whom Apple’s iChat is the default video app.To initiate an AIM videoconference from a PC, launch AIM and right-click the name of an online buddy. Choose Video… and then click Send to invite that buddy to a video chat. If your buddy is using iChat on a Mac, he or she will be prompted to click Accept to begin the conversation. To initiate a videoconference from a Mac, click the movie-camera icon next to a buddy’s name. When prompted on their PC, that person should click Accept. If you don’t see a movie-camera icon beside a person’s name, that buddy doesn’t have a camera activated on their computer.Create Browser-Based Videoconferences and Video Mail With TokBoxI like the reliability of running a chat-and-video program on a computer, but browser-based tools can be ideal on a borrowed PC. TokBox creates videoconferences through Firefox or Internet Explorer, and it can even invite people who haven’t signed up with any service to participate. AIM and Windows Live Messenger fans can sign in with those accounts, too, for regular chatting and for video calls to their contacts.To start a videoconference, sign in to TokBox and click Conference on the left side of the page. When a small Adobe Flash box prompts you for permission to use your Webcam, click Allow. (Since Flash is doing the heavy lifting, you should make sure that your version is current to avoid compatibility problems.) Then just send the conference link to your contacts. The link recipients don’t even have to log in; they can just load up the browser page and click Allow to join the conference.TokBox also lets you create recorded video messages that you can send to family members, colleagues, and friends. In the main TokBox page after logging in, just click Video Mail. Click Record Message, enter an e-mail address, add a text message below if you want to, and click Send. The recipient will get an e-mail with a private link back to your video file, which is hosted on TokBox’s Web site.Share Documents and DesktopsIn a videoconference, you could aim a camera at a whiteboard to show off written meeting notes, but you can just as easily pass around digital files instead. In most chat clients, you can drag a file to the chat window to send it, or right-click a contact’s name and choose the option to send a file.Desktop sharing takes collaboration further, permitting a remote person to view or control a computer. Essentially, you set up a virtual network computing (VNC) connection. Such an arrangement works well for troubleshooting a parent’s distant laptop, but it’s also appropriate for showing a PowerPoint or Excel presentation to a group.Desktop-sharing support varies greatly on different video and chat clients. For instance, it isn’t available on the standard AIM client for PCs, but it is included in the more business-oriented AIM Pro. I like the pro version better than the consumer AIM anyway, because it’s almost ad-free. Just right-click an AIM Pro buddy, and choose New Desktop Share. Click Continue, and the remote computer can see your desktop. (Bear in mind that your buddy will also need to be running AIM Pro to receive your file.)On a Mac with OS X 10.5 and iChat, click a buddy, and then click the icon in the bottom right to offer your screen to the remote contact or to ask to control their computer. When you’re in control, the remote computer replaces your main screen, but a small representation of your own system lets you toggle between the views. Click the X button to end the remote-control session.Google Docs is another collaboration favorite that works independently of your videoconferencing software. You run your chat software as you normally would, and log in to this service at the same time. Open one of your documents, and click the Share tab on the right. You can then invite others to collaborate or to view the document, and they can alter it or look at it at the same time.Use a Videophone, Skip the PCFor permanent videoconference setups, consider avoiding the PC altogether. Dedicated videophone devices can be great for always-ready office installations. Unfortunately, such stand-alone devices tend to work only with their own kind, so usually you’ll need to buy at least two of the same device if you want to talk to anyone. As fate would have it, though, some manufacturers now offer PC-based software that can connect Webcam users to dedicated videophones.D-Link offers a couple of business-oriented hardware products, the i2eye Broadband Videophone DVC-1000 and the i2eye Broadband Desktop Videophone DVC-2000. While the DVC-1000 is designed to sit atop a television set in a conference room, the DVC-2000 consists of a camera and a screen built into a desktop telephone.The Packet8 Tango, on the other hand, is a device that connects to your PC, phone, and Internet source. It has a built-in wireless router, which helps free up some space in a home office. Regrettably, it can talk only to other Packet8 videophones.Game consoles also make a great video-chatting platform, especially if you already have the game hardware. You’ll just need to add a camera from Microsoft or Sony. The former offers the Xbox 360 Live Vision Camera, and the latter sells the PlayStation Eye for the PlayStation 3. As with most other non-PC video-chat products, these allow you to converse only with people who are using the same system.Improve Network Performance for VideoconferencingVideoconferencing requires a steady stream of data to maintain presentable video frame rates. A higher-speed connection can produce smoother frame rates and sharper details, but your network and firewalls might slow the process down. If you’re apprehensive about adjusting security settings, skip these tips unless you’re having connection problems.If you’re running a software firewall on your PC, it could be the cause of any video-chat connection problems you may experience. Here’s how to allow your conferencing software to get onto the Internet in Windows Vista’s built-in Firewall. (This process varies slightly with different security software.)In the Security control panel, open Windows Firewall. Click Allow a program through Windows Firewall. Click Continue and then select Add program. Choose the videoconferencing software, and click OK.Your hardware router may also slow down or block traffic. In that situation, to improve access you’ll want to identify which computer is using which protocol. Once you do, the router will know where to send video packets, which will prevent it from blocking your chat connections.To do so, access your router’s settings, likely through an administration Web page at its internal IP address, such as 192.168.1.1. Look for port-forwarding options, likely under an advanced-settings tab. If it’s available, choose the name of your chat or videoconference software, and enter the local IP address of that computer into the appropriate field in your router’s interface.If you don’t see a preset option for your chat software, manually enter, alongside that IP address, the port numbers that the software uses. Those numbers are frequently available in the software documentation. (This table offers lots of helpful details.)Other networks on the same channel can also interfere with your wireless router. Use a program such as NetStumbler to see which channels are in use nearby, and pick a different option in your router’s setup interface. Give Your Chats a Personal Touch With Free Videoconferencing Add to Queue Chat is cheap. Videoconferencing, on the other hand, gives your online conversations a more personal feeling. For telecommuting, keeping in touch with clientele, calling home from a business trip, or just checking in with out-of-state relatives, you’re never more than a smile away if you have a Webcam and some free software. I’ll explain how to get started, and I’ll also offer some helpful tips for getting the most out of your video chats.Pick a CameraAlthough you obviously can’t do videoconferencing without a camera, what sort of camera you use doesn’t actually matter much. Since your Internet connection will likely throttle the performance of any videoconference, a high-resolution camera can actually be a waste of money. Nevertheless, keeping in mind some important differences between camera models can help you find the best hardware for your setup.Resolution and frame rate allow for the clearest distinctions between models. Ideally, pick a camera that captures natively at 640 by 480 resolution or better, with a speed of 30 frames per second. Some Webcams record at HD resolutions, but you’ll rarely be able to transmit such dense images through a home Internet connection. Office networks are sometimes fast enough to take advantage of a bigger picture, but most IT professionals would probably frown on employees’ hogging network bandwidth for high-def video chats. Most important: Be wary of any camera that advertises a resolution higher than that its sensor. Such models attempt to make an image look sharper through a software trick called interpolation, but their images often look worse than those from a noninterpolating camera–especially over a slow connection.Many Webcams include built-in microphones that do an excellent job of picking up your voice from a few feet away. Built-in mics aren’t always the best choice for all situations, though. In a busy office, for instance, ambient noise can be so loud that even a high-quality noise-canceling microphone can’t cut through the chatter. Built-in microphones also tend to produce echo effects as they pick up the voices coming out of your nearby speakers. So if you want to ensure that your voice gets through clearly, consider investing in a good headset microphone that will isolate your voice and deliver incoming audio directly to your ears.Although it may seem like a petty consideration, you should pick a Webcam that looks appealing to you. It will probably be sitting directly in front of you whenever you’re at your desk, so choose one you won’t mind looking at all the time. Also, consider how the device will mount on your setup. Most attach to the top of your monitor, and some even come with versatile mounts that can hang over the top of a laptop display without falling off. In most cases, you’ll want to mount it just above the screen, as close to the center as possible. That way you’ll be more likely to make eye contact (or at least appear to be making eye contact) with the people you talk to.Naturally, if your computer came with a Webcam built in, you don’t need to bother with an external camera.Choose an ApplicationYour choice in videoconferencing software is a far more important consideration than the type of camera or microphone you use. As of this writing, only a few good video-chat applications are available, and they tend not to communicate with one another. Fortunately, these apps are free, and nothing will prevent you from installing more than one on your PC.AIM (AOL Instant Messenger) is the most popular IM program around, and it supports video, too. The best part: In North America, at least, it’s nearly ubiquitous, so everyone you know probably already has an AIM user name. If they happen to have a Webcam, you can hold video chats with them.iChat, Apple’s take on AIM, now does videoconferencing using the built-in Webcam that comes with every new Mac. If you have Mac users in your AIM buddy list, this is what they’ll be using. It even allows Mac users and PC users to chat together (see the next page).Microsoft Windows Live Messenger is a free download for Windows users, and it supports videoconferences. It’s more popular in Europe than in North America, so it can be a good choice for transcontinental face time.Skype , which has won international acclaim for its free voice-calling service, now offers one of the best video-chat interfaces around. And because it works on Mac OS and Linux, too, it’s a great choice for cross-platform conversations.Yahoo Instant Messenger handles videoconferencing, too, but at this writing the feature was not supported in the Vista version of the software.In addition to the free consumer-targeted offerings, several business conferencing services support video as well. The popular Cisco WebEx service provides videoconferencing features to small-business customers, while the more specialized SightSpeed has a more specifically video-oriented conferencing service that includes a host of other file-sharing and collaboration features. August 3, 2008 Set It All Upcenter_img Chat is cheap. Videoconferencing, on the other hand, gives your online conversations a more personal feeling. 13 min read Brought to you by PCWorld Next Article Free Webinar | July 31: Secrets to Running a Successful Family Business Zack Stern Register Now »last_img read more

  • Howard Sterns Surprising Reaction to the Donald Trump Controversy

    first_img 2019 Entrepreneur 360 List Howard Stern’s Surprising Reaction to the Donald Trump Controversy Entertainment Returning from some time off and finding himself in the middle of an election to choose the leader of the free world, Howard Stern (a declared Clinton supporter) announced that he would not be replaying old tapes of Donald Trump’s previous appearances on his show.”Why don’t I play all the tapes?,” Stern explained to listeners of his SiriusXM show. “I have to tell you why: I feel Donald Trump did the show in an effort to be entertaining and have fun with us and I feel like it would be a betrayal to any of our guests if I sat there and played them now where people are attacking him.”Stern, one of the most successful and entrepreneurial-minded celebrities of all time, spent a majority of his discussion about Trump attacking journalists who claim to have “discovered” some interviews Trump did on the show in the last decade, in which the billionaire joked about cheating on his wife and the joys of having sex with “troubled” women.Related: This Elon Musk Tribute Band Will Rock You Into the Future”These conversations that I had with Donald Trump weren’t done in private like the Billy Bush tapes, this was on the radio,” Stern explained, dismissing claims to have “unearthed” anything incriminating. Stern did say that he was “honored” that his interviews are part of a national conversation, but stressed that they weren’t made to try to “fuck someone over. … We were having a good time.” He continued, “I knew I had a guy who loved to talk about sex. … I had a guy who loved to evaluate women on a scale of one to 10. These are avenues I went down because I knew it would entertain the audience.”What do you think? Do you think Stern is right to avoid the appearance of attacking one of his guests? Entrepreneur Staff The only list that measures privately-held company performance across multiple dimensions—not just revenue. –shares Add to Queue October 17, 2016 Image credit: James Devaney | Getty Images 2 min read Returning to the airwaves, the ‘King of All Media’ addressed the ‘discovered’ tapes of Trump’s appearances on his show. Entrepreneur Staff Apply Now » Next Article last_img read more

  • Samsung to Buy Car Tech Firm Harman for 8 Billion in South

    first_img Economy adds 75K jobs in May A Petition Is Coming ? for a ‘Game of Thrones’ Final Season Do-Over Saint Laurent dazzles with men’s collection on Malibu beach Swimwear Styles for All Shapes and Sizes Figure Out Your Family Tree Just in Time For Father’s Day Samsung Electronics announced an $8 billion deal on Monday to buy Harman International Industries, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean firm.The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries to break into the high-barrier automotive industry where it has little track record.”An M&A deal this big is a first for us. But it shows that under Jay Y. Lee, the company is changing and open to new ways to grow,” a source familiar with the deal told Reuters, referring to Samsung Electronics’ vice chairman.  The purchase of the Stamford, Connecticut-based maker of connected car and audio systems is part of Samsung’s efforts to find new areas of growth as its mainstay smartphone business — scarred by the disastrous withdrawal of the fire-prone Galaxy Note 7 — slows.Automakers already include or are developing technologies to enhance safety and provide better smartphone connectivity and entertainment systems, creating an opening for tech companies to break into a market for software, services and components.Samsung agreed to acquire Harman for $112.00 per share in cash, a 28 percent premium to the U.S. firm’s closing price on Friday.”Samsung is using its huge cash pile to pull ahead of rivals in the auto technology market. But it remains to be seen whether Harman will be able to grow into a company that will be able to compete with the likes of Bosch and Continental,” said HDC Asset Management fund manager Park Jung-hoon.Harman’s products, which provide infotainment, telematics, connected safety and security services, are used in more than 30 million vehicles made by automakers such as BMW, Toyota Motor Corp. and Volkswagen, according to its website.Harman, the maker of JBL audio system, earns around two thirds of its revenue from the automotive-related segment, and its automotive order backlog as of end-June stood at $24 billion, more than three times annual sales of $6.9 billion in fiscal year 2016.Samsung created an automotive electronics business team a year ago to identify growth opportunities in the sector. This year it invested $450 million in Chinese automaker and rechargeable batteries firm BYD Co. Ltd.Separately, Samsung has held talks with Fiat Chrysler Automobiles (FCA) over a potential sale or partnership for the latter’s Magneti Marelli auto parts maker, sources have said. The current status of those talks is unclear.The Harman acquisition is subject to regulatory approvals and is expected to close in mid-2017.The deal was announced a day after media reports said Lee and several other heads of South Korea’s family-owned conglomerates were questioned by prosecutors investigating a political scandal engulfing South Korean President Park Geun-hye.(Reporting by Hyunjoo Jin and Miyoung Kim; Editing by Edwina Gibbs and Jacqueline Wong) DiCaprio, Pitt want to team up again after Tarantino hit New York takes aim at skyscrapers’ sky-high energy usage Airbnb Wants to Take You on an All-Inclusive Adventure BACK Turning Up the Heat in the Southeast for Holiday Weekend A Petition Is Coming ? for a ‘Game of Thrones’ Final Season Do-Over Cannes: ticketless festival-goers seek seats for films November 14, 2016 2 Musts for Tackling Allergy Season Beyond Meat Earnings Are Beyond Analyst Expectations How Human Behavior is Hurting Animals and What We Can Do to Protect Them Economy adds 75K jobs in May 2 Musts for Tackling Allergy Season North Carolina superintendent says new app can help reduce violence in schools A LifeMinute with John Lithgow: The Actor Discusses His Latest Projects 2020 Ballots May Have a New Box to Check ? Vice President Memorial Day Weekend Heat Wave Could Smash May Records Figure Out Your Family Tree Just in Time For Father’s Day Fireside Chat | July 25: Three Surprising Ways to Build Your Brand A Safe Way to Get Rid Of Bugs in Your Home Sunlight Shines on Grand Canyon 2020 Toyota Camry Sophie Turner Talks Dark Phoenix, Co-Star Jessica Chastain and GoT The requested video is no longer available Congress Is Back as President Trump Heads to the UK 2 Delicious Summer Entertaining Ideas Delicious Summer Entertaining Ideas Rock and Roll Hall of Fame Guitarist Don ‘Fingers’ Felder Releases New Album A Safe Way to Get Rid Of Bugs in Your Home Figure Out Your Family Tree Just in Time For Father’s Day Father’s Day is such a special moment for the whole family to come together and spend quality time with one another – and those are moments dad will cherish. What better way for dad to connect with his loved ones than learning about his family’s stor Lifeminute tv Cannes: ticketless festival-goers seek seats for films The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries to break into the high-barrier automotive industry where it has little track record. Up Next: Samsung to Buy Car Tech Firm Harman for $8 Billion in South Korea’s Biggest Overseas Deal This story originally appeared on Reuters A LifeMinute with Ryan Seacrest Photo of solider placing flag at Tomb of Unknown Solider goes viral IHOP Sees Explosive Growth in To-Go Sales Enroll Now for $5 Figure Out Your Family Tree Just in Time For Father’s Day Albany Steps Closer to Releasing Trump’s State Tax Returns After Assembly Vote Add to Queue Justin Bieber Launches Plant-Based Deodorant Former world paragliding champion Rémy soars over Pyrenees HBO’s ‘Chernobyl’ Phenomenon Next Article Summer Beauty Survival Must-Haves US Navy: Russian destroyer almost collided with cruiser in the Philippine Sea Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Southern Charm’ Star Talks New Season Sophie Turner Talks Dark Phoenix, Co-Star Jessica Chastain and GoT IndyCar Beefing Up Business as Indy 500 Approaches Heat Snapshot Figure Out Your Family Tree Just in Time For Father’s Day Samsung Embed Privacy Policy   |   Terms of Use Reuters 3 min read –shares Summer Beauty Survival Must-Haves Autoplay: On | Off Summer is here and there are some great looks this season for women of all shapes and sizes. Check out the hottest styles for hourglass, rectangle and pear shaped women. Memorial Day Weekend Heat Wave Could Smash May Records Airbnb Wants to Take You on an All-Inclusive Adventure last_img read more

  • Bovril gets beefed up with new packaging and more protein

    first_imgBovril gets beefed up with new packaging and more proteinPosted By: News Deskon: June 22, 2017In: Food, Industries, Labelling, PackagingPrintEmailBritish meat extract brand Bovril has undergone a packaging redesign to highlight its high protein content.Rolling out in the July, the new jars and bottles feature the Union Jack alongside a ‘Made in the UK since 1886’ sticker. The brand aims to target UK consumers who prefer to buy British brands.Alongside new packaging, the Bovril beef recipe now includes a 15% increase of protein per 12g serving.The increased protein offering in both the beef and chicken flavours will be highlighted on front of pack in a bid to target health-conscious shoppers.Assistant brand manager for Bovril at Unilever UK Jonathan Roberts said: “Bovril is a truly iconic British brand and with the interest in food provenance growing, we felt that now is the time to showcase our British heritage by adding the Union Jack to our packaging. We expect this, and the beef reformulation, to be a huge hit amongst Bovril fans.”Bovril will also relaunch its 500g pack via ecommerce and wholesale channels.The brand, which is owned by Unilever, released limited edition packaging last year to coincide with the release of the Dad’s Army movie.Share with your network: Tags: BovrilproteinrebrandUKUnileverlast_img read more

  • Grupo Bimbo partners with Invenergy in wind power supply deal

    first_imgGrupo Bimbo partners with Invenergy in wind power supply dealPosted By: News Deskon: April 06, 2018In: Bakery, Business, Environment, Food, IndustriesPrintEmailBakery company Grupo Bimbo has taken a step towards its emission reduction goals after partnering with Invenergy, who will supply the company with 100 mW of wind energy.Grupo Bimbo is aiming to become the first bakery company in the US to source 100% of its energy from renewable sources and aims to achieve this ambition by 2020.The company estimates that this agreement – which will come into effect in 2019 – will reduce CO2 emissions by 260,000 tons annually, and mean that Grupo Bimbo sources approximately 75% of its energy from renewable sources.The partnership will help fund the construction of a new wind farm in Santa Rita East, Texas, which will be operated and owned by Invenergy.This represents the second major renewable energy commitment Grupo Bimbo has made in the last few months, as the group opened a new solar power facility in Mexico in February.Daniel Servitje, chairman and CEO of Grupo Bimbo said: “We are excited to partner with Invenergy in order to help reduce greenhouse gas emissions across the US.“We strive to be leaders in sustainability – it is part of our Purpose of building a sustainable, highly productive, and deeply humane company – and decreasing our environmental footprint is one of our primary goals.”Invenergy’s founder & CEO Michael Polsky added: “This agreement is a great example of how companies across all industries can view renewable energy as beneficial for both the environment and business.“Grupo Bimbo is one of the organizations leading the way for sustainability in the baking industry, and as Invenergy continues to lead the way to a clean energy future, we are proud to help expand their commitment to using renewable energy on a global level.”Share with your network: Tags: bakeryenergyGrupo BimboInvenergyUSlast_img read more