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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman
Category : Stocks, World News
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PR Newswire
PHILADELPHIA, April 18, 2013
PHILADELPHIA, April 18, 2013 /PRNewswire/ –
Category : Stocks, World News
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PR Newswire
PHILADELPHIA, March 7, 2013
PHILADELPHIA, March 7, 2013 /PRNewswire/ — Holt Logistics Corp. announced today that Horizon Lines, one of the premier shipping companies servicing the US East Coast and Puerto Rico, will move its Northeast Port of Call to Philadelphia from Elizabeth, N.J. starting in April.
The arrival of Horizon, in a deal first contemplated more than four years ago, provides the Port of Philadelphia with a major new carrier that will provide an outstanding opportunity to expand trade connections between the Greater Philadelphia region, Puerto Rico and the Caribbean.
More than £40bn was wagered on high-speed, high-stakes gambling machines from April 2011 to March 2012 according to estimates. Get the data by parliamentary constituency
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The latest figures show that more than £40bn was staked on high-speed, high-stakes gambling machines with northern, urban cities and London boroughs with high levels of unemployment last year bearing the brunt.
These figures have proved contentious with bookmakers complaining that in fact it is fairer to focus on bookie’s profits of just £1.4bn. However the £40bn is an indication of the “activity and engagement” punters have on the machines say campaigners.
Adrian Parkinson, who worked for the Tote, was involved with launching fixed odds betting terminals (FOBTs) from 1999 until 2008, worked out the figures using a survey commissioned by Fairer Gambling and industry data. The huge sums involved, he says, are down to fixed-odds betting terminals which bring high-speed, high-stakes casino gambling to the high street.
His most recent analysis is based on the financial period April 2011 to March 2012. According to the Gambling Commission, based on data provided by bookmakers, there were 33,284 FOBTs located across the UK in betting shops.
The declared Gross Gambling Yield (gross profit) from on FOBTs was
£1.42bn in 2012. Therefore the average weekly profit per FOBT was £825, up from £760 in 2011.
Based on the declared number of operating betting shops of 9,128 the average density of FOBTs is 3.65 per shop. Regional variations in density, says Fairer Gambling, have been factored in to their analysis using data sourced from Tote Sport retail 2009.
The profit per terminal has been factored across all betting shops within each parliamentary constituency to produce the Gross Gambling Yield (GGY). Fairer Gambling point out that the actual Gross Gambling Yield achieved on FOBTs in 2011/12 was £1.42 billion “whereas our result is £1.36 billion. This difference is caused by approximately 1.8% of betting shops not being mapped by Geofutures due to postcode anomalies. This is an acceptable level of error”.
The Association of British Bookmakers claim that the data is flawed pointing out that in about ten consitituencies the numbers do not match the number of shops.
The table shows gambling data by parliamentary constituency and includes claimant count for December 2012. What can you do with this data?
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Category : Stocks, World News
CALGARY, ALBERTA–(Marketwire – Dec. 7, 2012) - Canexus Corporation (TSX:CUS) (the “Corporation” or “Canexus”) today announced Board of Director approval of the expansion of its North American Terminal Operations (“NATO”) at Bruderheim, Alberta to include pipeline connected unit train operations. The Corporation also announced that formal agreement has been reached with MEG Energy Corp. (“MEG”) to connect the Canexus Bruderheim terminal (“Bruderheim” or “Bruderheim terminal”) with pipelines which interconnect with the MEG Energy Stonefell Terminal, and to provide terminalling services to MEG for the loading of bitumen blend for transport by rail and the receiving of diluent shipments by rail.
See the article here: Canexus Corporation Announces Expansion of North American Terminal Operations Capabilities to include Pipeline Connected Unit Train Operations
Category : World News
Tesoro (TSO) sells its Long Beach, Calif., marine terminal and Los Angeles short-haul pipelines to Tesoro Logistics (TLLP) for $210M. The asset sale follows TSO’s $2.5B bid to buy BP’s 266K bbl/day refinery in Carson, Calif.; TSO plans to combine the Carson plant with its 97K bbl/day Wilmington, Calif., refinery to create a West Coast refining empire. 
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Category : World News
Journalist and broadcaster Andrew Neil warns that some of Scotland’s leading newspapers are in terminal decline.
Read more here: Papers ‘facing terminal decline’
Contactless card payments are seen as the future of small-item shopping, but not all stores are prepared for its arrival
This was supposed to be the year we would see a revolution in the way we spend our money. The idea was that we stop using notes and coins for items such as coffees and newspapers, and simply wave our plastic cards over a reader at the till. But although millions of people have been issued with debit and credit cards displaying the contactless “wave” symbol, early evidence suggests shoppers aren’t giving up on cash just yet – and many retailers themselves still need convincing.
In a mystery shopping exercise carried out this week, Guardian Money found that Boots, Marks & Spencer and Tesco have embraced the new form of payment. But other chains such as Starbucks, Costa Coffee and the Body Shop rejected our attempts to make a contactless payment – and some shop assistants barely knew what they were.
Contactless is for payments of £20 or less, and means you don’t have to key in your pin. The advantages for consumers are that they are in and out of a shop quicker, with fewer queues and no fiddling around with change; retailers (are meant to) like it because they don’t have to handle large amounts of coins, and they also hope you will spend more money.
But many shoppers worry about what will happen if their card is stolen and the thief runs up a big bill. That said, others like the idea of being able to pay without worrying about someone else behind them seeing them tap in their pin.
In the banking industry a war of words has broken out over whether the public have taken to contactless payments. ATM operator Bank Machine recently published a survey that said 51% of Britons have no idea whether or not any of their bank cards are enabled for contactless transactions, and also highlighted concerns about fraud. A few days later, Barclaycard issued research showing that 84% of the public now recognise the contactless symbol, with six in 10 people saying they prefer cards to cash for purchases up to £20.
It also emerged that across Barclaycard and Barclays, which between them have issued more than 19m new-style credit and debit cards, the number of contactless payments is now running at more than 1m a month. But some might say that is a drop in the ocean: according to the UK Cards Association, each month in Britain there are more than 800m debit and credit card transactions. The association says on its contactless.info website: “The number of contactless transactions is relatively low as we are still in the early stages of roll-out.”
And while London
Category : Business, World News
Many shoppers who have difficulties entering their Pin on a terminal when they pay are unaware that an alternative is available.
Read more: Payment machine help ‘not clear’
NEW YORK (TheStreet) — Tiffany and Avon Products slumped to 52-week lows on Monday.
Tiffany
“While we continue to like the long-term TIF story (i.e. U.S. share gains via competitor consolidations, ability to pass on price, and global SQFT. opportunities), at this point we’re more concerned about the potential for relative weakness in the coming quarters,” Deutsche Bank analysts wrote in a June 17 report. “Further, in terms of quarterly catalysts, mgmt. has already called out only expecting y/y EPS growth in 4Q. Our $68 target price is based on a DCF model (9% WACC, 2.5% terminal growth, 20% terminal OM), implying an ~18x P/E on our FY-Jan13 forecast. The key downside risk is to the multiple, via a macro global slowdown (China and now potentially the U.S.), balanced by potential upside from a faster-than expected recovery in sales growth.” …
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See the article here: 2 Stocks Fall to 52-Week Lows: Tiffany, Avon
Category : Stocks
Readen HoldingCorp. Expands Points Of Sales of YohoMobile Subsidiary’s Vending Machines