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Volvo will introduce an all-new version of its V60 midsize station wagon. It's expected to have similar styling and technology as the bigger V90, since both cars — and the XC90 and XC60 SUVs — are based on the automaker's versatile SPA architecture. The V60's sedan sibling, the S60, will debut later this year. |
Can TrueCar Stock Keep Going After Last Week's 10% Pop? |
The fast-growing provider of leads for the automotive industry moves higher after posting better-than-expected financial results. |
One of last week's biggest winners -- bucking the trend with the general market where the S&P 500 closed lower every single trading day -- was TrueCar (NASDAQ:TRUE). Shares of the provider of car-buying leads for the automotive industry moved 10% higher after posting encouraging financial results for the third quarter. |
TrueCar checked in with $75.1 million in revenue, a mere 4% advance since the prior year but just ahead of where analyst estimates were parked. TrueCar clocked in with an adjusted loss of $0.01 a share, ahead of both the $0.03 a share it delivered a year earlier and the $0.06-a-share shortfall that Wall Street pros wer... |
There was a spike in traffic to TrueCar's platform. The average monthly unique visitors during the quarter increased 15% to 7.6 million since the prior-year period. TrueCar generated leads that resulted in a record 220,633 vehicles being purchased, a 6% year-over-year gain. It may be disheartening to see traffic grow f... |
Shares of TrueCar have been revving up in recent months. The stock has moved higher in eight of the past nine months, soaring 139% since bottoming out in February. The turnaround was triggered in March when CEO Chip Perry -- who came from the helm of AutoTrader to replace founding CEO Scott Painter a few months earlier... |
TrueCar had lost the largest member of its certified dealer network a year earlier, and other showrooms were not pleased with the amount of local sales data that it was making public in an effort to negotiate prices on a dealer's remaining inventory. The new model is more showroom-friendly without alienating potential ... |
Wall Street liked TrueCar's report last week. Loop Capital analyst Blake Harper upgraded the stock to buy, raising his price target from $11 to $12. Harper is encouraged by the upside given the dealer-friendly makeover it initiated earlier this year. Craig-Hallum's Steve Dyer also boosted his rating to buy, raising his... |
Stephens analyst Kyle Evans also upgraded the stock to overweight, mirroring Dyer's move in increasing his price target from $11 to $14. Evans is encouraged by the solid third quarter and the preliminary read on next year calling for double-digit top-line growth. |
TrueCar may have been out of favor when it was waffling about in the mid single digits earlier this year, but another strong quarter and three analysts upgrades later, it's clearly moving in the right direction. |
Luis Suarez marked his return to Barclays Premier League action with a double as Liverpool edged past bottom-of-the-table Sunderland. |
The Uruguay international, back in the fold after completing a 10-match suspension, needed just 37 minutes to find his way on to the scoresheet when he made the most of a flowing move to tap home from close range, and then celebrated by revealing a tee-shirt dedicated to his family. |
Strike-partner Daniel Sturridge had given the visitors the lead by bundling home a 28th-minute Steven Gerrard corner with referee Howard Webb failing to spot that the ball had gone in off his arm, and it was he who set up Suarez to make it 3-1 at the death. |
However, managerless Sunderland, who had earlier hit the bar through Sebastian Larsson, more than played their part in the game and got themselves back into it when Emanuele Giaccherini pulled a goal back seven minutes after the restart. |
There was as much focus before kick-off on the man who occupied Liverpool's number seven shirt as there was on the search for a replacement for the man who no longer occupied a seat on the Sunderland bench. |
That process is ongoing with chief executive Margaret Byrne using her programme notes to inform the club's fans that talks have taken place with several candidates, and that there will be discussions with more this week. |
Interim head coach Kevin Ball, who has put himself forward as a candidate, launched his temporary reign with a Capital One Cup victory over Peterborough on Tuesday night, and kept faith with the 11 men who brought a measure of normality back to the club after a chaotic few weeks. |
Once again, they produced a performance which combined character, organisation and some intent. |
Unfortunately for them, however, they came face to face with a team which boasted significantly more potent weapons than those in the Posh armoury. |
There was little to choose between the sides during the early exchanges and Larsson came close to giving the home side a 24th-minute lead when his free-kick beat former team-mate Simon Mignolet, but came back off the bar. |
Wide-men Giaccherini and Adam Johnson were causing problems for the Reds, as was bustling striker Jozy Altidore. |
However, it was Liverpool, who had seen an earlier Martin Skrtel effort ruled out for offside, who got their noses in front four minutes later, although in controversial circumstances. |
Central defender Kolo Toure only just failed to make meaningful contact with Steven Gerrard's left-wing corner, but Sturridge smuggled the ball over the line, although replays revealed with more than a little help from his right arm. |
But the visitors' second goal was a thing of beauty, Gerrard picking out Sturridge with a raking 37th-minute pass and watching the striker sweep past Carlos Cuellar before drilling in a cross for Suarez to steer home at the far post. |
The Black Cats left the pitch at half-time perhaps aggrieved to be two down having created chances of their own, the best of them falling to full-back Craig Gardner with a minute of the first 45 remaining. |
Lee Cattermole's deft pass over the top put Gardner in on goal and it took a fine reaction save by Mignolet to keep out his first-time effort. |
Suarez picked up where he had left off after the break, winning a 48th-minute corner with a deflected shot and then firing across goal from the resulting set-piece. |
But the Black Cats continued to battle for a way back into the game and found it with 52 minutes gone when Mignolet could only parry Ki Sung-yueng's long-range drive and Giaccherini pounced on the rebound to score. |
Mignolet redeemed himself two minutes later when he dived to his right to push away a dipping Gardner effort as it sped through a crowded penalty area with the home side very much back in the game. |
The Belgium international proved equal to the task when Altidore let fly from distance with 62 minutes played, but opposite number Keiren Westwood had to acrobatically turn away Victor Moses' stinging right-foot shot from a tight angle five minutes later. |
Suarez passed up a chance to claim a second goal of the afternoon with 18 minutes remaining when Cuellar did just enough to prevent him from converting Enrique's inviting cross, and Cattermole denied him once again two minutes later with a good block. |
But the South American was not finished and having picked out Sturridge with a fine 89th-minute pass, he made his way into the box to convert his cross and seal victory. |
The Australian dollar has zoomed higher in recent weeks, which is naturally leading to some fears about its impact on the economy. That said, one thing I have learnt studying our economy for the past two decades is that the little Aussie battler – god bless it !- does not usually get too far out of line with fundamenta... |
Our freely floating dollar may bob up and down in the often torrid sea of global capital flows, but the currents usually flow in the right direction. |
Accordingly, if the $A stays above US70c in coming months, it will likely be for reasonably good reasons. And if it drops below US70c – as I still expect – it will be for good reasons also. |
Only as recently as mid-January, the $A had sunk to a low of US68c. I, of course, was crowing loudly, as I had predicted almost a year earlier that it would reach this hallowed level by end-2015. I was two weeks premature. In January, all was falling into place: commodity prices were down, the United States Federal Res... |
Alas, as it often the way with markets, what had become a consensus view was soon blown out of the water. |
What changed? For starters, the United States Federal Reserve quickly got cold feet due to US dollar strength and started backing away from further interest rate hikes anytime soon. That sunk the US dollar, which in turn help buoy global commodity prices and the Australian dollar. |
If that were all that had happened, however, we’d have to conclude the $A was rising for the wrong reasons – a weaker global outlook, and one in which Australia’s relatively high interest rates were attractive to nervous and yield hungry international investors. |
But that’s not all that happened. Through timely fiscal and monetary stimulus, China has again frustrated the doomsayers by keeping its economy ticking over and even leading to some rebound in property prices and housing construction. This lift in the Chinese outlook for steel, still high Chinese steel exports, and cut... |
Then there’s the Australian economy. December quarter economic growth surprised on the high side, thanks in large part to stronger than anticipated growth in consumer spending. The unemployment rate has not only stopped rising but appears to be trending down again. And – as I noted last week – survey measures of busine... |
So there are some fundamental drivers behind the $A’s recent rise. That’s partly why the RBA has only engaged in gentle jawboning of the $A so far. |
If the $A stay high, it will likely reflect continued firm commodity prices and upbeat local economic conditions. Less justifiable, of course, will be $A stays high merely because the Fed stubbornly refuses to raise interest rates – conditions under which the RBA’s ‘jawboning” might intensify, even if it were to prove ... |
Indeed, some market pundits suggest the $A could reach US80c before long – and given the run of recent events it would be hard to argue otherwise. After all, the Fed looks unlikely to raise rates before June at the earliest, and China and the Australian economy are humming along reasonably well. |
That said, I still see more $A downside than upside over the coming year for several reasons. For starters, the underlying momentum in the US economy still seems strong, and the Fed will eventually need to bow to the inevitable and lift rates. |
And even if China’s economy keeps ticking over, the supply overhang in many commodity markets still remains. Indeed, high prices seem to be sowing the seeds for their own downfall by encouraging high cost producers back into the market. |
Closer to home, I’m still nervously scanning the horizon waiting for the now established downtrend in local home building approvals to filter through into a reduced pipeline of labour-intensive housing activity. And in a classic catch-22, I also note that a good chunk of the improvement business conditions since mid-20... |
All up, the current fundamentals supporting the $A seem unlikely to last. Should the $A move much higher – and certainly if it gets near US80c – it might be the greatest “short trade” since America’s sub-prime mortgage crisis. |
Home > The Experts > David Bassanese > How high can the Aussie dollar rise? |
Celebrate B.C. Cider Week with Braised and Roasted Chicken with Cider, Thyme and Vegetables. |
Vanilla Ice Cream with Rhubarb Cider Compote is a simple, elegant finish to a spring meal. |
When I think about cider, autumn first comes to mind — the time of year apples are processed and turned into that wonderful drink that comes in a range of palate-pleasing styles. |
Alcoholic cider is available year round, of course, and to tastily remind us of that the Northwest Cider Association, in conjunction with B.C. Cider producers, is holding the fourth-annual B.C. Cider Week. It’s actually nine days of tastings and events that began on Saturday and continue until May 6. |
Cider Week events are posted on the NWCA website, nwcider.com, and will occur in places such as Vancouver and Kelowna. |
Events are also being held on Vancouver Island, such as the Cider Social, which takes place on May 5, from 2 to 5 p.m., at Sea Cider Farm and Ciderhouse (seacider.ca) in Saanichton, 2487 Mount St. Michael Rd. |
At the Cider Social, cideries from across the Pacific Northwest and beyond will sample their products. Food will also be available to nibble on while you sip. Tickets are $20 per person, plus taxes, includes six tasting samples and can be purchased online at cidersocial2018.brownpapertickets.com. Additional drink and f... |
Another event occurring during B.C. Cider Week, also on May 5, is the Cinco de Mayo Brunch and Jalisco Release, which takes place at Merridale Cidery & Distillery in Cobble Hill, 1230 Merridale Rd. |
That event runs from 11 a.m. to 3 p.m. and will celebrate Cinco de Mayo as well as the release of Merridale’s seasonal, lime-infused cider, Jalisco Cidre. Merridale will also be serving an à la carte brunch menu along with Mexican-themed specials. For more information, go to merridale.ca and click on events. |
Both businesses also have tasting rooms where you can sample their products year round. Go to their websites noted above for more information. You can learn which Island liquor stores sell their ciders. |
All this talk about cider reminded me that beyond sipping it, like wine, it’s also a great ingredient to cook with. To prove that, I have deliciously flavoured a braised and roasted chicken with Sea Cider Pippins, a strong and robust “sharp”-style cider. |
I also created a simple dessert by lacing rhubarb compote with Sea Cider Bramble Bubbly, a cider flavoured with blackberries. I then used that compote as a colourful, sweet and tangy topping for ice cream, creating a splendid way to end a meal. |
This preparation is similar to making a pot roast, except the roast — in this case, a whole chicken — is uncovered for the last half of cooking. The end result is an ultra moist and juicy chicken with a golden colour and a fine flavour, thanks to the cider used for braising and basting. |
Preheat the oven to 375 F. Put the chicken in a large ovenproof skillet (mine was 12 inches wide) or shallow roasting pan. Tie the chicken’s legs together and fold and tuck the wings under its body. Surround the chicken with the shallots, carrots, celery and thyme. Pour the cider over the chicken. Season the chicken an... |
Cover the chicken with aluminum foil roast in the middle of the oven 45 minutes. Uncover the chicken, baste with the liquid in the pan and roast for 30 minutes more. Baste chicken again and then roast 15 minutes more, or until golden and fully cooked (see Note). |
Set the bird on a plate, tent with foil and let rest 10 minutes (see Eric’s options). |
While the chicken rests, set a sieve over a medium pot. Pour the liquid and vegetables in the pan the chicken was cooked into the sieve. Once vegetables have drained, set them in heatproof dish and keep them warm in a 200 F oven. |
Set the pot with the liquid in it over medium, medium-high heat. Mix in cornstarch/water mixture and bring to a simmer. Simmer one minute. Now whisk in the sour cream and mustard and heat them through a minute or two (don’t rapidly boil). Season the sauce with salt and pepper, and then transfer to a small sauceboat. |
When rested, carve the chicken into portions and set on a platter. Serve with the vegetables and sauce. |
Note: When chicken is fully cooked, an instant-read meat thermometer inserted into the deepest part of the thigh, not touching the bone, should register 170 F. |
Eric’s options: If you don’t wish to serve the chicken with the rich sauce flavoured with mustard and sour cream, once the bird is cooked and carved, simply serve it with the pan juices and the vegetables. |
This simple, but divine dessert sees fine quality vanilla ice cream topped with a sweet and tangy, cider-spiked rhubarb compote. |
Place cider, sugar, cornstarch, ginger, vanilla, salt and cinnamon in a small pot and whisk until smooth. Set pot over medium heat, bring to a simmer and cook one minute. Now mix in the rhubarb (the mixture will be very thick, but will loosen once the rhubarb begins to cook). |
Return to a simmer and very gently cook the rhubarb until just tender, but still holding its shape, about five minutes. Remove compote from the heat, transfer to heatproof bowl or jar and cool to room temperature. Cover and refrigerate compote until ready to serve. |
When ready serve, set two or three scoops of ice cream in each of four chilled, decorative bowls. Top the ice cream with a generous amount of the compote, garnish with mint sprigs, and serve. |
Note: Made-in-B.C. vanilla ice creams you could use in this recipe include ones made by Cold Comfort (coldcomfort.ca), and Betterwith 100 per cent Ice Cream (betterwith.com). |
Eric’s options: The compote is fairly tangy. If you prefer a sweeter taste, add a teaspoon or two more sugar. |
RICHMOND, Va. — A two-block stretch of Monument Avenue at the top of the Fan now boasts two million-dollar mansions on the market. |
Within days of a $1.72 million listing a block away and across the street, a 13-room home at 2609 Monument Ave. has been put up for sale for $2.39 million. |
The 6,200-square-foot home is being sold by James C. and Cynthia S. Mabry IV, who purchased it in 2007 for $2.12 million, according to city property records. |
The home’s family room has built-in bookshelves to the ceiling and French doors. |
James Mabry was named in August as executive vice president of investor relations and mergers and acquisitions for South State Corp., a bank holding company that includes Columbia, South Carolina-based South State Bank. He was previously managing director of Keefe, Bruyette & Woods, an investment bank with offices down... |
The Mabrys plan to relocate from Richmond to Charleston, South Carolina, according to a press release. |
The home was listed Oct. 22 by Ceci Amrhein-Gallasch and Bill Gallasch of Joyner Fine Properties. A no-show request kept it off the Central Virginia Regional Multiple Listing Service until Nov. 3. |
The six-bedroom, 4½-bathroom brick home spans 2½ stories. It includes a library with red-painted wooden paneling, an updated kitchen by Custom Kitchens with new heartwood floors, a two-car heated garage and a carriage house used as guest quarters. |
Amrhein-Gallasch said the house is unique for the size of its quarter-acre lot, as well as architectural features on both the building and carriage house. |
Turkish official Bayar has said Turkey is in talks with four defense giants for the procurement of long-range and high-altitude air and missile defense systems. |
Undersecretariat for the Defense Industry (SSM) Undersecretary Murad Bayar has said Turkey is in talks with four defense giants for the procurement of long-range and high-altitude air and missile defense systems. |
Bayar, speaking to the Anatolia news agency yesterday, said Russia, the United States, China and Israel are interested in Turkey's air and missile defense tender and that talks with these countries are continuing. |
"Turkey plans to develop a strong air and missile defense system in the face of threats coming from countries in its region. We have approved moving on projects to improve our aerial defense system. We will procure half of our need for an aerial defense system through tenders and the rest through our own resources. Cur... |
Bayar stressed some sub defense systems in the project will be produced with the contribution of Turkish enterprises. "We plan to put the said air and missile defense systems into use by 2010. Two of these systems will be deployed in Ankara and İstanbul and the remaining two in places to be determined later in accordan... |
Turkey's need for a long-range and high-altitude air and missile defense system first came to prominence in 1991, when the US occupied Iraq. Its importance increased in 2003, when the US invaded Iraq for a second time. |
Defense experts say the US and Russia will be more advantageous than China and Israel in the tender as the former two are more experienced in the field. |
In late July Russia renewed an earlier offer for the direct sale of S-400 missiles to Turkey as an alternative to Russian participation in a tender opened by Ankara for the acquisition of long-range air and missile defense systems. |
The SSM earlier turned down a Russian offer for the direct sale of S-400 missiles through state-to-state negotiations, advising Russia to participate in the tender. |
Local Turkish defense industry sources believe that the SSM would not agree on a direct purchase of Russian missiles but stick to its earlier policy of acquiring the missiles through an international competition. |
However, the SSM might be inclined to favor the Russian systems if Moscow comes up with an offer to transfer advanced technology as well as a larger work share to local companies in the project, supporting a Turkish policy of putting emphasis on boosting local industry that has increased the ratio of domestic-to-foreig... |
AHEAD of Hogmanay, learn everything you need to know about the traditional Scottish folk song. |
IT'S recognisable all over the world. |
From Edinburgh to Bangkok, Auld Lang Syne will be belted out at New Year parties across the world. |
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