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• President Trump defied his intelligence agencies, and ample evidence, to declare his loyalty to Saudi Arabia over the killing of Jamal Khashoggi. |
• The stock market’s gains for 2018 were erased in early trading today. Five tech companies alone have lost $845 billion in market value since the end of August. |
• A writer at the website Thrillist declared a local burger joint in Portland the best in the country. It killed the restaurant. |
Hot Cheetos turkey has exploded the internet. I’d eat it. Admit it, you’d try it too. Don’t you love America? |
Stanford graduate transfer Reid Travis is already making an impact for Kentucky, where he hopes younger teammates can learn to lean on him. |
LEXINGTON, Ky. – It’s easy to pick out graduate transfer Reid Travis during Kentucky basketball’s summer practices. |
He is the one talking. |
In some ways, Travis is just as green as the latest crop of five-star freshmen to arrive on campus in Lexington. |
He has never played in an NCAA Tournament game, is experiencing Calipari’s intense coaching style for the first time and is facing a significant increase in competition in practice. |
But Travis’ four years at Stanford, where he served as a team captain, make him the most experienced player on a Kentucky roster with no other scholarship juniors or seniors. |
Kentucky’s upcoming trip to the Bahamas – the NCAA allows a preseason international trip once every four years – has allowed Calipari an extended opportunity to work with his team this summer. |
In practice Wednesday, Travis looked the part of Kentucky’s veteran leader. Matched up against a fellow bruising post presence in PJ Washington for most of practice, Travis’ age and experience repeatedly showed. |
Rumors began to circulate that Travis might be a possible addition to Kentucky’s 2018-19 roster as a graduate transfer shortly after last season ended, but Travis insisted Wednesday he did not seriously consider transferring until it became clear he would likely go undrafted if he kept his name in the NBA draft this sp... |
Shortly after Travis arrived in Lexington, Calipari issued a challenge for him to lose weight in order to show more athleticism on the court. |
Battling Washington and the other Kentucky post players has further cemented the potential improvements Travis can make if he continues his current trajectory. |
Calipari has liked what he has seen so far. |
“He’s been good,” Calipari said. “There are times when he’s struggled to get the ball in. I said, ‘You know, of all the tape I watched, I never saw you miss a shot like that. Tell the guys why you’re missing some of those.’ He said, ‘Length.’ Like, all of the sudden you’re out there and everybody is really long and big... |
Travis and the rest of the Wildcats will continue to earn a jumpstart on the season next week in the Bahamas, playing exhibition games against four teams. |
Expect Travis’ experience to be evident, considering his age will be closer to the players on the other bench than his much younger teammates. |
A man died early Monday after a car hit an exit sign and a light pole collapsed on Interstate 80/94 near Gary, police said. |
A Gary man died early Monday after a car hit an exit sign and a light pole collapsed on Interstate 80/94 near Gary, police said. |
A 2011 Buick was heading east around 3:35 a.m. Monday on Interstate 80/94 just east of Cline Avenue when it went off the roadway “for unknown reasons,” Sgt. Ann Wojas, state police spokeswoman, said in a release. |
The Buick struck a sound barrier wall for roughly 100 yards before hitting the Burr Street exit sign, according to Wojas. |
“This caused the front wheels of the car to come off and hit a light pole, which then collapsed on top of the exit sign,” Wojas said. |
Debris was thrown up onto the I-80/94 roadway where another vehicle struck the debris, the release states. |
Police identified the driver as Robert Horton III, 38, of Gary. |
“Speed was a factor in this crash, and alcohol may be a factor, pending toxicology results,” Wojas said. |
Troopers Clay McBride, Kurt Jones, Kenneth Payonk and Dennis Griffin, and Lake County coroner’s office, Indiana Department of Transportation and Gary Fire Department assisted at the scene. |
The Seattle Garden Center at Pike Place Market is up for sale. |
Molbak's, which has owned the store for about 15 years, plans to sell the property and business and use the profits to bolster its last remaining store, the garden center in Woodinville. |
Molbak's also announced yesterday that Jens Molbak -- who pulled his family's gardening business back from the brink of bankruptcy earlier this year with a cash infusion -- will take over as chairmand and chief executive officer next month. |
The plan to focus on just one store prompted Gillette's resignation, Molbak said. |
"He has been a strong CEO and has played a key role in saving the company," Molbak said. |
Gillette, former chief executive at Cinnabon, joined Molbak's in 1999, when it was pursuing an aggressive growth plan, hoping to open multiple stores. |
The Molbak's at University Village was the first store in that effort, but it was unprofitable and closed in December. By then, the company was in a dire financial situation. |
The financial picture is better now, Molbak said. |
"We are clearing the hurdles nicely now," he said. "We've cut off all the parts that were hurting." |
Last fall, Molbak's cut 75 jobs at its Woodinville store and nursery, and closed a distribution center in Woodinville. |
Earlier this year, the company pulled out of the annual Northwest Flower and Garden Show. |
Now Molbak's is selling the 5,000-square-foot Seattle Garden Center. |
There are no immediate plans to close the Seattle Garden Center, which has nine employees. Molbak's is aiming to sell the business along with the property. |
The property is being marketed by Cushman & Wakefield real estate services. |
Molbak declined to discuss the asking price, but said his parents paid $550,000 for the Pike Place Market property in the 1980s. |
Cash from the sale will be used to retire debt and reinvest in the Woodinville store. |
Molbak said the company is still trying to pay off about 15 vendors. Molbak's works with about 550 vendors. |
"We are current in our bills with everything that we have ordered in the last six months," said Molbak. |
The company was founded by Molbak's parents, Egon and Laina Molbak, in 1956, soon after they arrived in Seattle from Denmark. The couple are now in their 70s and no longer involved in the business. |
Jens Molbak, 39, founded Bellevue-based Coinstar Inc. The $600 million company operates automated coin counting machines at grocery stores throughout the country. |
The Seattle Garden Center is a cornerstone of the Pike Place Market Historic District. The business and building are not part of the Pike Place Market Preservation and Development Authority, which oversees tenants in the market. |
Daniel Lieberman, executive director of the market preservation and development authority, said the business will be missed. |
"We hate to see them go, " said Lieberman. "I'm not sure what is going to happen. Hopefully, it will be a turn-key sale where a new owner continues to run it as a garden center." |
Molbak said the Pike Place Market store wasn't big enough to offer customers the large selection of plants and products sold at the 10-acre store in Woodinville. |
"It is a terrific location, but it doesn't make sense for us to own it," said Molbak. |
Many governments and popular movements are embracing the need for systemic change. |
Despite their apparent allegiance to growth at any cost, the larger developing nations are showing some commitment to new-economy values. |
Brazil seems to be taking the lead in terms of carving out alternative paths: it touts one of the most ambitious and effective anti-poverty programs in the world, has a fair share of corporations that pursue environmental goals, and is home to several large cities that have pioneered “green” paths of urbanization. Yet ... |
In China and India, bottom-up pressures for a new economy—or at least for something different from the old economy’s focus on growth—are increasing. China suffers from deep environmental degradation; in the past year alone, the government has been severely challenged by tens of thousands of protesters bravely putting t... |
In some smaller developing countries, like Bolivia and Ecuador, governments and movements have embraced the need for systemic change, including adding constitutional amendments enshrining the rights of nature and their citizens’ right to clean water—and both governments are renegotiating trade and investment agreements... |
Despite these steps forward, at the global Rio+20 summit in Brazil in June, governments refused to embrace any bold collective alternatives. Under the banner of a “green economy,” they seemed more interested in increasing corporate profits from greener consumption than they were in protecting the planet. Developing nat... |
This lot is located inside the gated, custom home community of St James's Village at the end of a cul-de-sac. There are stunning mountain and valley views as well as walking and hiking trails throughout the 800 acres of untouched open space permanently set aside by the developer for residents’ pleasure. Minimum buildin... |
MaruEnergy JPSCO III Limited has reduced its share capital by US$98 million and transferred the funds to retained earnings, the company disclosed earlier this month. |
The sum, the company said, is "not represented by any of the company's realisable assets". Realisable value is the gain through sale of existing assets. |
Marubeni Corporation, a top shareholder in Jamaica Public Service Company, said the MaruEnergy transaction has nothing to do with JPS nor does it affect its equity share - 40 per cent - in the power utility, after attempting to scold the Financial Gleaner for querying the transaction through JPS' communications unit. |
"We must first make it clear that MaruEnergy JPSCO III is a separate entity from Jamaica Public Service Company Limited with separate and different operations and personnel and, therefore, questions in relation to MaruEnergy JPSCO III are improperly directed to JPS's communications personnel," said Marubeni. |
"We make the further point that MaruEnergy JPSCO III is a private company and, therefore, has no obligation to publicly disclose (even to JPS) the reasons for decisions taken by the company internally. The fact is that the company has taken a decision to restructure its balance sheet in a particular manner and has publ... |
"Finally, in respect of any legitimate concern regarding the effect of this exercise on the JPS, we are prepared to say that this exercise will have no effect on the JPS in any way." |
Marubeni acquired JPS and other Caribbean assets from Mirant Corp in 2007, but subsequently sold half of its holdings. MaruEnergy JPSCO III was initially called Mirant JPSCO I Investment Limited. |
Companies Office records identify the sole shareholder of MaruEnergy JPSCO III as MaruEnergy JPSCO IV, which is located at JPS headquarters in New Kingston. The documents also name lawyer Milton Samuda as holder of 199 of 200 shares in MaruEnergy JPSCO IV. However, Samuda told the Financial Gleaner that he is no longer... |
No annual returns beyond 2006 for MaruEnergy IV has been posted by the Companies Office. The last annual returns found for MaruEnergy JPSCO III disclosed share capital of J$200 in 2010. |
Seiji Kawamura, whose address is Tokyo, is now listed as company secretary. Marubeni directed requests for comment to local law firm, Vaccianna and Whittingham, but efforts to reach the responsible attorney were unsuccessful, as he was said to be ill. |
Marubeni did not say why it was shifting around capital in MaruEnergy, but accounting experts to whom the Financial Gleaner reached out said such transactions may signal an imminent dividend payment or a realignment of capital to conform with regulatory requirements. |
"A company's shares generally have what's called a face value. If the actual cash received is greater than face value, then this gives rise to a premium which is recorded or credited to the share premium account," said one risk management expert. |
"I can't speak about the reason why MaruEnergy would do a transfer from a share premium account to retained earnings. Some companies - for example, financial-sector companies that have capital adequacy requirements - usually will do this to increase their qualifying capital to meet their regulatory capital limit," he s... |
JPS is an integrated electric utility company and the sole distributor of electricity in Jamaica. The large shareholders of the utility are: Marubeni 40 per cent, Korea East-West Power, 40 per cent; and the Jamaican Government, 19.9 per cent. |
US markets ended the week higher on Friday with the Dow reclaiming its perch above the 25,000 level and the tech-heavy Nasdaq inched to a record close, driven by a wave of solid corporate earnings. The Dow Jones Industrial Average rose 94.52 points, or 0.4%, to 25,019.41, the Nasdaq Composite Index added 2.06 points, o... |
European stocks also ended slightly higher, extending their weekly gains as investors ignored the ongoing trade spat between Washington and Beijing and looked ahead to the earnings season that kicked off in earnest on Friday. The Stoxx Europe 600 index ended 0.2% higher at 385.03 and the U.K.’s FTSE 100 index UKX, +0.1... |
US President Donald Trump meets Russian President Vladimir Putin in Helsinki on Monday, under pressure to confront his counterpart over Kremlin meddling in the 2016 election and with concerns rising about the U.S., under Trump’s direction, abandoning NATO, the current international order. The highly anticipated event w... |
Goldman Sachs Group Inc. is poised to take another step in the slow exit of Lloyd Blankfein, its longstanding chief executive officer as the investment bank plans to name his successor early this week. The group expects to name company President, David Solomon, whom Blankfien has publicly referred to as his successor, ... |
British Defence Secretary Gavin Williamson will unveil a full-size model of the U.K.’s new fighter jet at the Farnborough International Airshow Monday in a bid to show the nation wants to remain a so-called Tier One military power after Brexit. The plane -- nicknamed the Tempest after the team working on the plans -- i... |
After Dell and Hewlett-Packard reported their financial results for their most recent fiscal quarters last week, the box counters at Gartner and IDC could tweak their models to figure out how the server makers stacked up in the final quarter of 2009. Gartner got its grading done first and handed out report cards today. |
As we already went through in detail earlier this week with our analysis of how the big three server makers - IBM, Hewlett-Packard, and Dell - did in their most recent quarters, the rebounding of X64 server sales in Q4 helped push shipments back up to somewhat normal levels. |
More than 2.23 million boxes went out the door, up 4.5 per cent from the final quarter of 2008. But don't throw a party yet, as overall server revenues fell by 3.2 per cent to $12.6bn. |
"The recovery that began in the third quarter of 2009 based on x86 servers extended into the fourth quarter," said Jeffrey Hewitt, research vice resident at Gartner, in a statement accompanying the figures. "However, it is important to put this into context. The fourth quarter of 2008 was quite weak, so the fourth quar... |
By Gartner's estimate, X64 server shipments rose by 6.3 per cent to 2.16 million units, and revenue, thanks to virtualization driving heavier configurations, rose by 14.3 per cent to $7.59bn. In the x64 space, IBM was clearly the most improved, with shipments up 14.6 per cent to 293,716 units and revenues shooting up a... |
IBM still has a long way to go in the x64 racket to catch HP, though, which peddled 704,929 boxes (up 4.8 per cent) and brought in $2.88bn in revenues (up 15.7 per cent). Dell - which still sells a lot more x64 boxes than IBM in any given quarter and which pushed 484,702 units in Q4 (up 4.4 per cent) - is not all that ... |
Unix server sales on RISC and Itanium iron continued to be a drag in the fourth quarter, and not just because Oracle was in the middle of trying to buy Sun Microsystems. Gartner figures that the number of RISC/Itanium machines dedicated to running a flavor of Unix fell by 30.5 per cent in Q4, to 62,076 units. Even with... |
Sun was the top Unix shipper, with 28,885 units, according to Gartner, but that represented a 38.5 per cent decline over the previous year and only netted Sun $753.8m in revenues (down 29.1 per cent and making it the number three seller of Unix gear). IBM held onto the top spot in the Unix racket with $1.21bn in sales,... |
Gartner did not break out blade servers with much detail, but it did say that blade server shipments were up 11.11 per cent in the quarter and revenues rose at twice that rate. So, however slowly, blades are getting something closer to their fair share of server sales - based on the benefits blades offer, balanced agai... |
All told, IBM remained the revenue market leader in Q4, with $4.12bn in sales, down 5.9 per cent, and HP remained close behind with $3.95bn in sales, up four-tenths of a per cent. Dell came in third with its $1.52bn (up 8.3 per cent), and Sun ranked fourth with $960.8m in server revenues - down 23.5 per cent and saved ... |
Server shipments in the United States were up 9 per cent, but revenues declined by 5.1 per cent, so you can see that the recovery is not exactly roaring here in the US. Shipments in Canada were down 9.4 per cent and revenues were down 1.7 per cent, and Western Europe had a 4 per cent drop in boxes sold in Q4 and a 9.2 ... |
Eastern Europe, formerly one of the darlings of the server makers, stomached a 13.3 per cent decline in servers sold and a 26.2 per cent decline in server revenues across all vendors and types of boxes. Japan had a more muted 1.7 per cent shipment decline and a 6.7 per cent drop in revenues. The market was choppy in La... |
For the full year, Gartner says server shipments fell by 16.6 per cent, to 7.56 million units, driving revenues down 18.3 per cent to $43.1bn. |
Garter's best guess right now for 2010 is that server shipments might grow in the mid-to-high single digits, with revenue growth at a slightly lower level. The virtualization effect is holding back shipments and revenues even as it helps drive sales. |
The new goodies are threefold: First, a way to test your Twilio apps without incurring costs or sending real calls via Twilio’s REST API. Second, an API call to get all your usage records in one request. And third, a trigger-based notification that can ping you when your app starts tipping the usage scales. |
Complicated on Twilio’s end equates to a little more simplicity and a lot less infrastructure and process for third-party developers. |
As for notifications, that functionality will be especially valuable for Twilio devs whose apps include bundles of text messages or calling minutes. The tool lets you specify a usage trigger, then sends you a notification when you hit that limit. |
“We can do automated monitoring for you, essentially,” said Benton. “If you know your application doesn’t usually send more than 1K text messages a month … you can set up a notification.” And with the notifications in place, you can automagically cut off or upsell your whales, implement a plan for rapidly scaling, or e... |
That functionality in particular came in handy for Burner, the disposable phone number startup, Benton told us. Alpha testing the new features with Twilio customers like Burner has made all the difference in the final product, too. |
Stay tuned for more as Twilio’s annual developer conference unfolds in San Francisco over the next couple days. |
Antonio is an investor but hasn't provided additional information. |
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