2 Dec

Walmart Reaches Beyond Its Big Box

first_imgSam Walton, who opened the first Walmart store in Rogers, Arkansas, in 1962, considered himself a natural merchant. “I could sell,” he once wrote.Now the giant retailer he created must prove that it can also successfully buy.Walmart on Wednesday announced a $16 billion deal to purchase 77 percent of the Indian e-commerce service Flipkart as part of its strategy to capture a piece of a fast-growing and increasingly tech-savvy market. The Flipkart deal, one of the largest and riskiest in Walmart’s history, follows a pattern of purchases over the past 18 months that includes a men’s clothing brand and a delivery startup.The deals were driven, in large part, by the reality that Walton’s strategy needs an update for a digital shopping age dominated by another behemoth: Amazon.For decades, Walmart was on a steady march to build ever more big-box stores across America, crushing local grocers and department stores with low prices that have allowed it to dominate small-town retail markets. But today, there is a Walmart within 10 miles of 90 percent of the population of the United States, leaving little room for expansion.A historically frugal company that has done very few deals of significance, Walmart is now spending billions as it seeks new overseas markets, tries to capture different demographics and bolsters its grocery offerings.In the process, Walmart has begun to create a global alliance of retailers and tech companies that have Amazon as their common rival. It has already teamed with Google for online shopping, while Microsoft will hold a stake in Flipkart alongside Walmart.Scott Mushkin, a retail analyst at Wolfe Research, said he worried about the wisdom of Walmart’s desire to attack Amazon’s strongholds.“They seem to be somewhat Amazon obsessed,” he said.International LureIndia is the golden frontier of digital retailing to Walmart’s chief executive, Doug McMillon. The country is home to 443 million millennials, and smartphone penetration is expected to double in the next three years.“When you step back and look at the world and look at all of the countries — their size, their growth rate, their potential — there just aren’t opportunities like the one we are looking at,” McMillon said in a conference call from India on Wednesday.Investors did not necessarily share his enthusiasm. After the Flipkart deal, the company shares sank more than 3 percent.Walmart is begging for Wall Street’s patience. The company has been reordering its international business to free up cash and resources so that it can focus on high-growth markets and leave those that are lagging.Late last month, Walmart agreed to sell a large stake of its British grocery chain, Asda, to its rival J. Sainsbury. The deal will generate about $3.7 billion and take pressure off Walmart to grow its grocery business in Britain, where it faces intense pressure from discounters and other upstarts.In Japan, Walmart has sold off stores and created a partnership with Rakuten, the local e-commerce leader, that includes offering an online grocery delivery service.In China, Walmart is deepening its ties and taking a small stake in JD.com, which competes with Amazon and the country’s own e-commerce giant, Alibaba.While such moves make sense on the grand chessboard of global retailing, Walmart will need to deliver. It is going to cost billions for Walmart to turn Flipkart into a profitable business.The deal will cut into Walmart’s overall earnings by about 60 cents per share next year.Grocery WarsEverybody has to eat, and that essential truth is embedded in Walmart’s growth strategy.Walmart is the largest grocery store in the United States and when it comes to fresh food it has a major head start on Amazon, which has been ramping up its efforts after acquiring Whole Foods last June.During the past two years, Walmart has made a big bet on a “click and collect” grocery offering, in which shoppers order their items online and then drive to the store to pick them up. And in March, Walmart said it would expand its home grocery delivery to 100 U.S. cities.But mastering food delivery is a steep challenge for Walmart.The company has experimented with partnerships with Uber, and store workers are making deliveries on their way home from work.Last fall, Walmart bought Parcel, a tiny package delivery company based in Brooklyn. Parcel specializes in getting fresh and perishable food to homes in New York City. But it is unclear how much Parcel, a company founded by a 2013 Harvard graduate, can help Walmart create a same-day delivery network nationally.“The grocery business is hard,” said Bill Dreher, a retail analyst at Susquehanna Financial Group. “Online grocery is even harder.”Going UpscaleKelly green golf pants. Pink linen shirts. Vintage spring dresses.The Bonobos and Modcloth brands are quite different from what you typically find on the clothing racks at a Walmart Supercenter.And that appears to be the point of those acquisitions last year.Many of Walmart’s shoppers in its stores tend to be in the lower- and lower-middle income brackets.But with these deals — and other online offerings like a new bedding and mattress line — the retailer is seeking to reach younger and higher income shoppers. It is a particularly important approach in markets where there are few Walmart stores, like the New York metropolitan area.Walmart’s biggest online bet on urban shoppers was its $3 billion acquisition of Jet.com in August 2016. But that deal has shown signs of trouble. Last quarter, analysts said Jet’s growth had slowed and the company said it would focus its efforts on finding new customers through its flagship website, Walmart.com.“A lot of the e-commerce push has been trying to appeal to higher income demographics,” Mushkin said. “The problem is that the Walmart brand doesn’t always translate.”© 2018 New York Times News Service Related Itemslast_img read more

26 Nov

Hope to finalise new India coach by June 24: Sourav Ganguly to India Today

first_imgThe Cricket Advisory Committee of the BCCI will meet for the first time as it begins the process to select India’s next head coach. Set in CAB President Sourav Ganguly’s turf Kolkata, VVS Laxman and Sanjay Jagdale will also be part of the meeting while Sachin Tendulkar will join via video-conference.Speaking exclusively to India Today Ganguly said, “Yes the process will begin Tuesday. We know the candidates. We have shortlisted the candidates. Due to the nature of the process I can’t say much more. The interviews will start and hopefully by June 24, you will know the name of India’s next coach.” (Ganguly raises questions on Dhoni’s future as India captain)BCCI’s Working Committee is set to meet on June 24 and the panel is to submit its report two days before that. (BCCI Likely to prefer ‘Hindi speaking’ coach)But perhaps Ganguly revealed more while talking about the debate over Mahendra Singh Dhoni’s captaincy. When asked if there will be more pressure on Dhoni if he loses the Zimbabwe T20 series, the former India captain said, “There will be a new coach soon. Whether Ravi Shastri continues or not will have a bearing on Dhoni’s future. Ravi was on India Today not long ago to say categorically that he would prefer Virat Kohli to take over.”If one reads between the lines, he indicates Shastri is among the shortlisted, something that has not been confirmed by either party so far. (Anil Kumble in race to become Team India coach)last_img read more

18 Nov

BCCI set to pay huge compensation to Kochi Tuskers Kerala

first_imgThe BCCI is set to pay a huge compensation of more than Rs 800 crore to disbanded IPL franchise Kochi Tuskers Kerala for terminating their contract in 2011.”Kochi Tuskers has demanded Rs 850 crore as compensation. Today we discussed the matter at IPL GC meeting and we will now place the matter before general body. Let them take a call but obviously some negotiations are needed,” IPL chairman Rajiv Shukla said after the meeting.Kochi Tuskers owners in 2015 had won an arbitration challenging BCCI decision to encash bank guarantee citing breach of contractual agreement.The RC Lahoti headed panel had directed BCCI to pay Rs 550 crore as compensation with 18 per cent annual penalty on failing to do so.For the past two years, BCCI was adamant in neither paying compensation nor taking back the franchise in the IPL.”We have to pay Kochi compensation. All legal options have been exhausted. Normally when arbitration decision goes against you, it will be stupid to move Supreme Court appealing against it. We have no option but question is how much,” an influential IPL GC member told PTI after coming out of the meeting.The decision to terminate Kochi contract was taken by then BCCI President Shashank Manohar citing breach of franchise agreement, something majority of BCCI officials were against.”It was one man’s obstinacy that is now costing us a bomb. Had Shashank not taken that decision, we could have worked our way out.”In fact, before Kochi went to arbitration, they had asked for a compensation of Rs 300 crore. Even then our officials showed arrogance and now we will be forced to shell out more than double,” the angry official further added.advertisementThe BCCI will be trying to negotiate and bring down the compensation to an optimum level.”Even then we will not be able to bring down to less than Rs 600 crore, I feel,” said the official, who had been associated with the case.Meanwhile in another development, the BCCI will be earning a token amount of Rs 5 lakh from Chennai Super Kings (CSK) as a part of 5 percent earnings from total valuation of a franchise that transfers its ownership.Chennai Super Kings is now under the wings of Chennai Super Kings Company Limited (CSKCL) with India Cements transferring its shares to the newly formed limited company.As per IPL rules, any transfer of ownership will mean that BCCI will get 5 per cent of the total valuation.Accordingly, BCCI is expected to get Rs 5 lakh and senior officials are not amused.”This is bizarre but true. We will get Rs 5 lakh but we are trying to take legal opinion,” the official said.last_img read more

18 Nov

WTA Finals: Venus Williams turns back clock to edge Jelena Ostapenko in marathon

first_imgVenus Williams produced a vintage display full of guts and determination to grind out a 7-5 6-7(3) 7-5 victory over Jelena Ostapenko in their White Group encounter at the WTA Finals on Tuesday.Both players had lost their opening ties on Sunday so were desperate for a victory to keep their future fate in the eight-woman event in their own hands and neither appeared willing to budge in a titanic three hour and 13-minute marathon.In the end, the 37-year-old Williams emerged from a bruising encounter that featured 20 breaks of serve with a victory built on her calmness at the key moments and ruthlessness when offered a chance to attack her opponent’s weak second serve.”Sometimes you need some luck. I don’t know if I had any tonight as I had to work for every point,” Williams said in a courtside interview.”I don’t know if there was any luck for me tonight – I just had to work for every point” -@VenusesWilliams #WTAFinals pic.twitter.com/7PrjkkEXJO- WTA (@WTA) October 24, 2017″It’s not easy when you lose the first match. Both of us were in the same situation and you have to fight, what else can you do, to live another day.”The match started with Ostapenko trying to force the pace with the high-risk strategy that carried her to French Open glory, while Williams was content to pick up free points as her opponent sprayed a plethora of attempted winners wide or long.The Latvian edged ahead in the opener, however, and even served for the set at 5-3 but the veteran American dug deep and reeled off six consecutive games to first steal the set and then move ahead in the second.advertisementThe 20-year-old battled back as the pair traded two breaks apiece before Williams brought up a her first match point in the 10th game that she failed to convert when she dumped a forehand into the net as Ostapenko continued to go for her shots..@VenusesWilliams records first win at 2017 #WTAFinals!Battles past Ostapenko 7-5, 6-7(3), 7-5! pic.twitter.com/BkFcRkiCNp- WTA (@WTA) October 24, 2017The pair’s inability to hold serve spilled over into the tiebreak and Williams handed Ostapenko three set points with a wild forehand and the Latvian levelled the contest on the first of them when the American netted a backhand.Four more breaks of serve followed in the decider until Ostapenko rallied from 0-40 to hold in the ninth game and the Latvian saved three more break points in the 11th before finally running out of lives when she sent a backhand wide.Williams could smell blood and a booming ace brought up three more match points and the American sealed victory on the second of them with a crosscourt backhand winner.Spanish world number two Garbine Muguruza takes on Czech third seed Karolina Pliskova in the second White Group match later on Tuesday. Both players won their opening matches on Sunday.last_img read more

16 Nov

NRL grand final reunites modern greats in deserved decider

first_img Since you’re here… Billy Slater judiciary farce proof of NRL knee-jerk rulings NRL features Slater, who has endured a grand final preparation like few others after the NRL’s “trial of the century” and is set to retire on the highest of rugby league altars, is favoured in various markets to become the first man to win three Clive Churchill Medals. This is the history of the game being written before our eyes. It has been 13 seasons since the four strode out to meet the Brisbane Broncos for their first grand final. All these years later, all their success together and now Cronk’s achievements elsewhere, the four remain the most important figures in the biggest game of the year. The debate over whether Slater should have been suspended has divided the nation. It would have been a travesty if Slater was denied the opportunity of a fairytale farewell. It will be no meek farewell either. He is in sizzling form with six assists and three tries in his last seven games. He will not go gentle into that good night. This could also be the last time we see Smith. He hinted retirement could happen with a Melbourne win. He stunned the game with his sudden rep retirement earlier in the year. He is a man who plays what is in front of him though and with a likely low-scoring game where defence and leadership and the intangibles become all the more important, Smith shapes as the most important player on the park. On the opposite side, Cronk will need something bordering on a miracle to play. He is doing all he can but he will not put the Roosters in danger. In terms of narrative, Cronk taking on his former team in the grand final is a scenario only the most romantic believed could happen. To get so close. It would seem almost certain though that a rookie – either Sean O’Sullivan or Paul Momorovski – will play, with Cronk and his battered shoulder forced to watch from the sideline. The loss of Cronk’s experience, organisation and calmness is of such import that his absence is seen as a key factor behind the Storm going in as favourites.The Storm and the Roosters are far from the most popular teams in the NRL. They may, in fact, be the two most polarising. This is the grand final though the game deserves. These are the two best teams. They are the two best-coached teams. They are the two most worthy teams.  Share via Email Reuse this content Melbourne Storm Pinterest They said about the great St George teams of the 1950s and 1960s that their astonishing feats that peaked with 11 consecutive premierships could never be replicated. Never before. Never again. Four men though, all of whom will play a central role to the outcome of the most important game of this NRL season, have come as close as any in the half century since. Craig Bellamy, Cameron Smith, Billy Slater and Cooper Cronk have rightly been lauded as being among the greatest Rugby League has produced.  Twitter Support The Guardian Nick Tedeschi … we have a small favour to ask. More people, like you, are reading and supporting the Guardian’s independent, investigative journalism than ever before. And unlike many news organisations, we made the choice to keep our reporting open for all, regardless of where they live or what they can afford to pay.The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We hope you will consider supporting us today. We need your support to keep delivering quality journalism that’s open and independent. Every reader contribution, however big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. Facebook center_img Australia sport Rugby league Sydney Roosters Bellamy, the master tactician and supreme disciplinarian, who has kept his team contending for a decade-and-a-half in an era where the pursuit of parity leaves title windows closing at four years, max. Smith, the perfectionist and unquestioned greatest hooker, who has achieved all there is at every level of the game. Slater, the scintillating speedster, so brilliant that Clive Churchill’s wife compared him to her late husband. Cronk, mouthy and relentless, a player who got as much out of the natural talent bestowed upon him as any other. The quadrumvirate broke last year when Cronk departed Melbourne for the Sydney Roosters in the name of love and family. But all should be back together for The Big Dance. The cream rises to the top.And nobody in the game presently knows more about grand finals – the getting there, and the winning of them – than those four giants of the current era.Bellamy will coach his eighth grand final. If Cronk can overcome his shoulder injury which saw him a passenger for the majority of the preliminary final win against South Sydney, it will be his eighth decider. Smith and Slater will both play their seventh. For Slater, it will be his last. For Smith, it could be. Wayne Bennett, named coach of the team of the century in 2008, reached his eighth grand final in his 20th season in the premiership. Jack Gibson coached 16 seasons at the top level – the same as Bellamy – and took his team to six. No coach in the mandatory grand final era has taken a team to more deciders in such a short space of time than Bellamy. Smith, already the game’s most capped player, will join Jack Rayner and Ken Kearney as the most successful captains in grand final history if he is to lead the Storm to a fifth decider win. If Cronk is able to take his injured shoulder into battle, he will join Johnny Raper, Kevin Ryan, Steve Edge and Ray Price on eight grand final appearances. Only Norm Provan (10), Poppa Clay (10), Ron Coote (9) and Eddie Lumsden (9) have played in more.  Read more The new “three amigos”, Storm coach Craig Bellamy and his remaining star duo. Photograph: Michael Dodge/Getty Images Topics Share on Facebook Share on LinkedIn Share on Twitter Share on WhatsApp Share on Messenger Share on Pinterestlast_img read more

24 Oct

Get a Beard as Shiny as Santa’s with This 2018 Beard Oil Advent Calendar

first_img How to Grow a Beard: It’s Not Just a Look, It’s a Philosophy The Ultimate Guide on How to Shape a Beard ahalifeWe’ve seen a lot of Advent calendars come and go over the years. From whiskey- and wine-focused to chocolate and other snacks to a full-on cheese version, we thought we’d seen it all. That is until the 2018 Beard Oil Advent Calendar from U.K.-based The Bearded Man Company arrived on our doorstep.Like your typical Advent calendar, this one from Ahalife has your standard 24 doors matched with the 24 days of December leading up to Christmas Day on the 25th. Behind each of the tiny doors lies not chocolate or whiskey or wine, but a uniquely scented beard oil. Each beard oil is a full 2 ml, meaning you’ll get at least a couple of uses out of each one (or more, depending on how big, bushy, and voluptuous your beard is). Scents to look out for include lavender, sandalwood, fresh cut grass, Irish moss, and tons more. With over thirty scents in the brand’s arsenal, there’s no telling which one you’ll find, but each day leading up to Christmas will be like Christmas morning for your beard. Sorry, but you’ll have to wait out the full-month before you get your own Christmas.2018 Beard Oil Advent Calendar from The Bearded Man Company – $77ahalifeShop NowAnd just because this is an Advent calendar, that doesn’t mean the oils are cheap or of poor quality. In fact, all beard oils from The Bearded Man Company are made with clean, non-greasy natural and essential oils, with every single bottle free from harsh or questionable chemicals. As the brand says of itself, “Our range contains no nasties, plenty of ethics, and fabulous ingredients,” meaning you won’t run the risk of a rogue breakout or irritation as a result of unwanted chemical nastiness.So, if you’re a bearded man, have bearded brothers or other family members, or are a non-bearded person looking for a gift for your hirsute giftee, the 2018 Beard Oil Advent Calendar is an awesome option for a post-Thanksgiving, pre-Christmas gift.In case you order this calendar and none of the scents strike your fancy, don’t let a hit and miss put you off beard oils entirely. Instead, check out our list of the best beard oils reviewed for the modern man. There’s guaranteed to be an oil option for you. How Fast Does Facial Hair Grow? Tips for Growing a Beard Faster 10 Best Beard Balms: The Secret to a Tamed and Tangle-Free Beard Editors’ Recommendations Soothe Your Bristles With The Art of Shaving Beard and Stubble Kitlast_img read more

22 Oct

Exhibition Celebrates Art Bank Purchases

first_imgAdding the works of 23 local artists and craftspeople to the Nova Scotia Art Bank collection today, Oct. 6, will enhance Nova Scotia’s artistic heritage. Communities, Culture and Heritage Minister David Wilson paid tribute to the artists as he opened an exhibit of the work at the Cape Breton Centre for Craft and Design in Sydney. The exhibit is open to the public until Nov. 10. “Nova Scotians are proud of the creative excellence our artists bring to life in their work,” said Mr. Wilson. “With these latest additions to the Nova Scotia Art Bank, we are celebrating our very best artistic traditions and the contributions of arts and culture to making life better for families in every region of the province.” The Sydney exhibit is the first time purchases have been debuted in Cape Breton. It features work from a wide range of media, including visual art, textiles and sculpture. “We are delighted that the 2011 Nova Scotia Art Bank Exhibition is being launched at the Cape Breton Centre for Craft and Design, providing our local community with the chance to experience the works included in the provincial collection here at home,” said Carol Beaton, executive director of the centre. “It is also an opportunity for Cape Breton artisans to learn more about the Nova Scotia Art Bank program and the potential it may present for their careers.” Established in 1975, the Nova Scotia Art Bank has supported the careers of local artists for more than 30 years. Works are added annually to the collection, based on recommendations from a jury of artists. Today, the collection consists of almost 1,800 pieces of art, which are displayed in government offices throughout the province. Applications for the 2011-12 Art Bank Purchase Program will be accepted until Jan. 15. More information about the latest additions to the art bank and the application process is available at www.gov.ns.ca/tch/culture_funding.asp .last_img read more

18 Oct

Chgarh to launch mobile medical facilities for slum dwellers

first_imgRaipur: Following the success of mobile medical unit in villages markets of Dantewada and Bastar districts, the Chhattisgarh government led by Chief Minister Bhupesh Baghel has decided to roll out the mobile medical units in slum dwellers in urban areas of the state.The Chhattisgarh government has decided to launch the mobile medical units to provide access to free health care at the doorstep of slum dwellers on October 2. As per a public relations officer, the ‘Mukhyamantri Shahari Slum Swasthya Yojna’ will be rolled out on the birth anniversary of Mahatma Gandhi in the state. Also Read – Uddhav bats for ‘Sena CM’Chief Minister Bhupesh Baghel has instructed the district collectors concerned to ensure completion of all necessary preparations for the implementation of the scheme, he said. The mobile medical units will be stationed in slum areas falling under 13 municipal corporations in the state and people will be able to avail treatment at these facilities from 8 am to 2 pm once a week, the official said. “Equipped with doctors and paramedical personnel, these units will offer free diagnostics facilities, other treatments and medicines for some minor ailments, he said. Directives have been issued to set up three mobile medical teams in the Raipur Municipal Corporation, two each in Bhilai and Korba, and one each in the remaining 10 municipal corporations,” he said. Around 1.71 lakh families live in slums within these 13 municipal corporation limits.last_img read more

17 Oct

Youth arrested in Kingston terrorism case due for bail hearing

first_imgOTTAWA — A youth facing terrorism charges in Kingston, Ont., is due in court for a bail hearing today.He was charged in late January after a Canadian police investigation sparked by a tip from the FBI and has been in custody ever since.His identity can’t be revealed under provisions of the Youth Criminal Justice Act.The RCMP said the youth knowingly facilitated a terrorist activity and counselled another person to “deliver, place, discharge or detonate an explosive or other lethal device” in a public place, though they also said no specific target had been set before they moved in.A 20-year-old man was arrested at the same time, but was released hours later.The bail hearing is expected to take two days, with the second one not scheduled until the end of the month.The Canadian Presslast_img read more

13 Oct

Hotels apologize in China after video shows how they clean

first_imgBEIJING — At least four major international hotel chains have apologized after a hidden camera video of their room cleaning practices in China was posted online.The Shangri-La Hotel in Fuzhou said Thursday that what’s shown in the video violates its hygiene standards, while the Park Hyatt in Beijing called it an isolated occurrence. The Waldorf Astoria in Shanghai and the Sheraton in Guiyang city also apologized.The 11-minute video shows cleaners wiping cups and sinks with dirty towels and sponges. Some use the same towel to wipe the toilet seat.An activist blogger who uses a pseudonym posted the video late Wednesday on his verified account on Weibo, a Chinese version of Twitter. It was picked up by Chinese media and had been shared 78,000 times by Thursday afternoon.The Associated Presslast_img read more

12 Oct

DutchMoroccan Kickboxer Badr Hari Fails Doping Test

Rabat – Moroccan-Dutch kickboxer Badr Hari tested positive in an anti-doping test that the Anti-Doping Authority of the Netherland conducted last year. The Dutch media outlet Nieuwsuur revealed on Monday that Hari risks being suspended for four years.The test results showed evidence of prohibited doping substances in the urine of the 34-year-old boxer after his last major match against Hesdy Gerges, who also tested positive for doping, in March 2018 in Rotterdam.Read Also: ‘Don’t Forget Who’s the Boss’: Morocco’s Badr Hari Slams Rico VerhoevenThe case is before a disciplinary judge who will decide whether to suspend Hari.In 2017, the Supreme Court in the Hague handed down a sentence to Badr Hari of six months in prison for aggravated assault. read more

8 Oct

Cenovus Energys 975M Pelican Lake sale a first step to reducing debt

CALGARY — Investors and analysts offered measured praise Tuesday as Cenovus Energy (TSX:CVE) delivered the first of four key asset sales it has promised to help pay for its $17.7-billion purchase of most of the Canadian assets of ConocoPhillips.The Calgary-based oilsands company announced it is selling its Pelican Lake heavy oil operations in northern Alberta for $975 million in cash to cross-town rival Canadian Natural Resources (TSX:CNQ). The deal is expected to close by the end of September.Cenovus has been in the doghouse with investors since March 29 when it announced the acquisition of oilsands and conventional assets from Houston-based ConocoPhillips, along with a plan to raise $3 billion by issuing new shares and the marketing of its Pelican Lake and southern Alberta Suffield operations.Its shares, which had fallen almost 43 per cent by last Friday, were up about three per cent Tuesday morning.“This represents a significant first step in our strategy to optimize our asset portfolio and deleverage our balance sheet as planned following the acquisition of the ConocoPhillips assets,” said Cenovus CEO Brian Ferguson in a statement.He added the company is seeing “strong interest” from potential buyers for its other assets. In June, the sales list was expanded to include its Palliser operations in southern Alberta and Weyburn oil assets in Saskatchewan.Neither Ferguson nor Canadian Natural CEO Steve Laut were available for an interview.In June, the company announced the unexpected retirement of Ferguson as of Oct. 31 and the launch of a search for a successor, moves linked by analysts to the market’s dislike for the ConocoPhillips deal.Analysts said the Pelican Lake price of about $50,000 per daily barrel of production matched their expectations.“(Cenovus) gets credit for getting the first of four targeted deals across the line,” said Menno Hulshof of TD Securities in a report, adding the announcement is “a step in the right direction in restoring market confidence.”Pelican Lake is producing about 19,600 barrels per day of heavy oil. The three other packages Cenovus is trying to sell produce the equivalent of about 85,000 barrels of oil per day.In a note, analyst Travis Wood of National Bank Financial estimated Cenovus could raise $2.8 billion from the three other packages.The company has indicated it might also sell other “non-core” assets. It said the Pelican Lake funds would be used to pay down a $3.6-billion bridge loan facility used in the ConocoPhillips deal.Analyst Nick Lupick of AltaCorp Capital said Tuesday’s purchase will boost Canadian Natural’s Pelican Lake oil production to about 66,500 barrels per day and includes Cenovus’s 38 per cent interest in the Pelican Lake sales pipeline, making Canadian Natural the sole owner.The production addition is not considered material for Canadian Natural.It reported achieving output of more than one million barrels equivalent per day in June after it closed its $12.74-billion purchase of Alberta oilsands assets from Royal Dutch Shell and Houston-based Marathon Oil.Follow @HealingSlowly on Twitter. read more

6 Oct

Darfur huge funding shortfall threatens 2 million children UNICEF warns

Nearly 2 million children in Sudan’s war-torn Darfur region are threatened by severe funding shortfalls, with only 11 per cent of the urgently needed $89 million either committed or pledged, the United Nations Children’s Fund (UNICEF) reported today. “Without significant and immediate funding, and given existing problems with security and access, the humanitarian crisis that was averted only last year will return,” country representative Ted Chaiban said.“Conflict in Darfur has entered its third year and is no longer front page news. UNICEF is sounding the alarm that lack of funding for essential water and sanitation, health, education and protection programmes is an additional threat facing children.”With only $10.9 million committed or pledged, 89 per cent is still outstanding of the total funding UNICEF needs to operate in the region for the remainder of the year. These resources will run out in a matter of months. “Nearly 2 million children depend on our efforts to protect them from disease, from the effects of conflict and to provide opportunities for schooling,” Mr. Chaiban said, outlining the serious consequences, including:Without resources to maintain cold chain systems and fund special campaigns, fewer children will be vaccinated, greatly increasing the If maintenance and expansion of water and sanitation systems in rural areas are halted, millions of people could face the threat of incresed water-borne diseases that spread rapidly and lethally in close quarters.Schools will be forced to close, leaving hundreds of thousands of children without access to education. Some 382,000 children have benefited from UNICEF programmes, including the provision of education supplies and teacher salaries.Increased insecurity has already prevented aid agencies from reaching over a half million people; if the funding shortage continues, that number will grow.“In so many cases, people are still entirely dependent on humanitarian assistance because the conflict has not been resolved,” Mr. Chaiban said. “We must act now to keep, continue and encourage peace.”Peace talks in the Nigerian capital of Abuja have so far failed to end the conflict in Darfur, where fighting between government forces, pro-government militias and rebels have led to the deaths of at least 180,000 people and uprooted more than 2 million others over the past three years. read more

28 Sep

Ohio State mens basketball sends Michigan back north with a 6449 loss

Going into the Ohio State men’s basketball team’s matchup against Michigan, the Buckeyes had yet to be tested at home. That changed Sunday. The Buckeyes battled the Wolverines in front of a sold-out Schottenstein Center and emerged with a 64-49 victory. Michigan jumped out first with a 5-0 run, but the Buckeyes quickly responded with a 7-0 run of their own to take the lead. In the first half alone, there were seven lead changes and four ties. Neither team led by more than four points throughout the first half after Michigan’s initial 5-0 burst. “We knew going in it was going to be a hard fought battle,” OSU coach Thad Matta said. “We haven’t had those. We’ve had sizable leads going into halftime. Hopefully we’re a better team because of it.” OSU sophomore forward Jared Sullinger picked up two fouls in the first half and was limited to just 12 minutes, but sophomore guard Lenzelle Smith Jr. did his best to make up for Sullinger’s presence on offense and on the boards. With under five minutes remaining in the first half and OSU trailing 19-15, OSU sophomore forward Deshaun Thomas missed a 3-pointer, but sophomore guard Smith Jr. grabbed the rebound and finished inside. On the ensuing Michigan possession, two Michigan players were in position to get an offensive rebound, but Smith Jr. leaped over his taller opponents to get the rebound and found Thomas streaking down the court for a layup. Thomas was fouled and made one of two free throws to cut the deficit to one. After a timeout, it was Smith Jr. who put the Buckeyes back on top, 20-19, with a layup from the left block. Smith Jr. said he was focused on doing the little things to help his team win. “I knew that was going to be our edge, rebounding and just doing the little things,” Smith Jr. said. “I stuck to that early and just got myself in a position where I could get the rebounds.” Smith Jr. had four offensive rebounds and seven total in the first half to go along with nine points. Matta said Smith Jr. is a “jack of all trades” and his versatility causes problems for opposing defenses. “Lenzelle is a winner,” Matta said. “He really understands his role.” With just over a minute remaining in the first half the game was tied at 21, but a 3-pointer from the right corner by OSU senior William Buford gave OSU a 24-21 lead. That score held going into halftime. The Buckeyes, who shot just 36 percent in the first half, started off the second half on a roll, connecting on six of their first 10 shots from the field. With OSU leading 38-33, Buford intercepted a Michigan pass and finished on the other end with a one-handed jam. Buford fist-pumped and the crowd erupted in cheers. The next OSU possession, sophomore guard Aaron Craft crossed over Michigan freshman guard Trey Burke, dove left, absorbed a foul, and finished with his left hand. The sequence gave OSU a 42-33 lead and was part of a 14-2 run by the Buckeyes. A pair of free throws by Deshaun Thomas gave OSU a 13-point advantage, but Michigan wouldn’t go away. Three-pointers from Burke and sophomore guard Tim Hardaway Jr. helped Michigan whittle down OSU’s lead back to seven. But with under five minutes remaining, a Craft steal on the defensive end led to a Sullinger dunk in transition. OSU continued to look for Sullinger offensively as the Buckeye big man converted two more buckets inside to give his team a 12-point lead. Sullinger finished the game with 13 points and five rebounds. The Wolverines never threatened again and OSU pulled away for the victory. Smith Jr. led all scorers with 17 points and also added 12 rebounds, eight of which were offensive. The win moves the Buckeyes into sole possession of first place in the Big Ten and improves their record to 19-3 overall. But Sullinger refused to speculate on his team’s place in the standings. “Game on Saturday against Wisconsin,” Sullinger said. “That’s the biggest focus right now.” OSU next contest is Feb. 4 when the Buckeyes will travel to Wisconsin to take on the Badgers. Tip is set for 2 p.m. read more

20 Sep

Audis Traffic Light Sensor Helps Drivers Catch Green Wave

first_img Audi’s new high-tech speed recommendations save fuel, reduce stress, and make way for smoother automation.The luxury automaker this week unveiled Green Light Optimized Speed Advisory (GLOSA) in attempt to help drivers catch the “green wave.”(Unless you’re Whoopi Goldberg and can change traffic lights from red to green with only a puff of air. In which case, girl, you should be monetizing that magic.)Available in select 2017 and newer Audi models, GLOSA uses traffic signal information and current car position to suggest an ideal speed for cruising through green lights.Audi GLOSA (via Audi)“Audi is committed to moving America in many ways, including through the development of industry-leading connectivity and mobility solutions,” Mark Del Rosso, president of Audi of America, said in a statement.“Not only do vehicle-to-infrastructure technologies like GLOSA benefit drivers today,” he continued, “they’re also the critical steps needed as we continue toward an automated future.”The manufacturer began rolling out Traffic Light Information (TLI) technology three years ago, offering 2017 model year vehicles owners real-time traffic information in select cities.Citing data from the AAA Foundation for Traffic Safety, Audi revealed that the average American driver spends nearly 300 hours a year behind the wheel—equivalent to seven 40-hour weeks at the office.Audi GLOSA (via Audi)Providing information like green light-optimized speed advisories, however, can lessen road rage, improve comfort, and maybe even get people to their destinations on time.More than 4,700 intersections across the nation now support GLOSA functionalities, including Dallas and Houston, Texas; Denver, Colo.; Gainesville and Orlando, Fla.; Kansas City, Kan.; Las Vegas, Nev.; Los Angeles and San Francisco, Calif.; New York, NY; Phoenix, Ariz.; Portland, Ore.; Washington, D.C.; and northern Virginia.Future iterations of Audi’s vehicle-to-infrastructure technologies could predictive services like integration with the car’s start/stop function and optimized navigation routing.More on Geek.com:Smart Traffic Signals Will Help You Hit All the Green LightsVolvo Cars and Semis Can Now Talk to Each OtherResearchers Teach Autonomous Cars to Predict Pedestrian Movement Stay on target Nokia, Vodafone To Install 4G on the MoonIONITY Eases Long-Distance EV Travel in Europe last_img read more

17 Sep

Premier on Death of TCIs Oldest Resident

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items: Hon Sharlene L Cartwright RobinsonPremier & Minister of FinanceThe Turks and Caicos Islandscenter_img Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, January 23, 2018 – South Caicos – Premier Robinson regrets the passing of Turks and Caicos Islands’ oldest resident, Ms. Eliza “Ma Lilah” Basden of South Caicos.  Ms. Basden passed on Thursday, January 19, 2018 peacefully at home in South Caicos at the age of 104 years old.Ms. Basden has made outstanding contributions to the island and is known amongst most for her sterling contribution to her Church and by extension of the Turks and Caicos Island Baptist Union and the Soroptimist Club.  She served as the first female executive member of the Turks and Caicos Islands Baptist Union and to date is the longest serving Recording Secretary.Premier Robinson on her passing says that, “Ms. Basden has been blessed to enjoy 104yrs and this is testament to God’s blessing on her life and her strength.  Knowing her personally, I have seen her strength and her commitment to her beliefs.  She was a loyal person and faithful to her commitment whether it was to the Church or the wider community.  She has left an indelivle mark on those who met her.  I believe that her life when celebrated on February 3rd, 2018 will speak volumes to this great giant of a lady and will inspire many to serve their God, Church and community with passion.”last_img read more

14 Sep

3 Things You Need To Know About PwCs Magazine Media Outlook

first_imgDigital growth is coming, but its still far from becoming the central pillar of magazine media, according to PricewaterhouseCoopers annual Global Entertainment and Media Outlook. Change Is Slow: While a few consumer magazines already rely on digital for a majority of their revenue, most of the industry still relies heavily on print—PwC’s data suggests print ads will generate roughly 3- or 4-times more revenue than digital will this year. It’s not surprising that the print-digital revenue mix is changing over time, but it’ll continue to happen gradually through 2019. Even five-years down the road, print revenue will still account for nearly two-thirds of ad spending. Here’s what publishers need to know: Digital Editions Don’t Matter: Consumer magazines get almost all their circulation revenue from print, and that’s not about to change. Even as the world gets inundated with devices—PwC forecasts that smartphone ownership will double by 2019—digital editions will still only generate a small fraction of what print does. B2B Should Be Abroad: Total magazine revenue will track upward through 2019, largely on the strength of a 1.5-percent compound annual growth rate in trade magazines, spurred by performance in foreign markets. B2B media thrives in growing economies as companies look to enhance market intel, and countries like Peru and China, the report says, will see the fastest growth in total trade magazine revenue, with CAGRs of 8.5 percent and 8.3 percent, respectively. Overall, the industry is rebounding from several years of declines, and is expected to increase total global revenue in each of the next five years, topping out at $97.42 billion in 2019, up from $95.33 billion last year. Now in its 16th year, the report provides a five-year forecast based on advertiser and consumer spending data and commentary. (Interestingly, the report argues that ebooks will have an easier time than digital magazines in displacing print predecessors. In countries with high tablet penetration, like the U.S., ebooks will make up more than 40 percent of total book revenue by 2019.)last_img read more

6 Sep

Glowing tributes paid to former PM Vajpayee

first_imgPatancheru: The first death anniversary of former Prime Minister A B Vajpayee was observed in the industrial estate here on Friday under the leadership of district BJYM secretary Nagaphani Naveen Raj.The BJYM leaders garlanded Vajpayee’s portrait while recalling his services to the country, particularly introduction of the Grameen Sadak Yojana and Food-for-Work Scheme, which benefited the people. “Good schemes like the Atal Pension Yojana have been welcomed by the people”, they pointed out. Also Read – Unidentified assailants killed a person in Saidabad PS limits Advertise With Us The speakers referred to the victory in the Kargil war during Vajpayee’s regime. They said Prime Minister Narendra Modi strove to make the dreams of Vajpayee successful. “He is making efforts to extend the ‘Atal Pension Yojana’ to more beneficiaries,” he added. BJYM leaders Vijay Kumar, Naveen, Ganesh, Harish, Rajasekhar and Srikanth were present on the occasion.last_img read more