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April 14, 2019, 12:07 a.m. |
Alibaba could profit by as much as $25 billion [£15.4 billion] based on an initial public offering value of $110 billion [£68.1 billion] with the company still yet to set a date on its flotation. |
Private company intelligence firm PrivCo made the projections and added that the Chinese online marketplace will look to raise something between $18 billion [£11.1 billion] and $25 billion [£15.4 billion] in an IPO expected in January or February. |
“Alibaba’s growth has been nothing less than breathtaking. Based on PrivCo’s exclusive private company financials of Alibaba, yet-to-file for its IPO, PrivCo conservatively values the company at $110 billion [£68.1 billion], making founder Jack Ma’s over 30 per cent stake worth more than $33 billion [£20.4 billion]. It... |
Alibaba has seen unprecedented success in recent times with China’s largest e-commerce firm seeing profits treble in the first quarter of 2013 as net income rose to $669 million [£440 million] from $220 million [£145 million] the previous year. As impressive as those figures are, PrivCo expects even more of the company... |
“Growth in operating profit has been the most impressive metric thus far. It is projected to have grown at a 216 per cent CAGR [compound annual growth rate] between fiscal years 2011 to 2013, beating even revenue’s 70 per cent growth rate,” PrivCo added. |
Alibaba was formed back in 1999 as a marketplace for Chinese companies to sell goods and employs 24,000 people with the company growing as it continues a trend of acquiring small companies to add more to its online services. |
In addition to founder Ma, Yahoo - which owns 24 per cent of the company - is set to make a handsome profit when Alibaba does finally implements its plan to float on the stock market. |
Yahoo has already profited from its original stake when it sold back 20 per cent of its shares to Alibaba for $7.1 billion [£4.54 billion] in 2012. It estimated back in July that its remaining stake is worth $8.1 billion [£5.33 billion] with the number likely to rise as it gets closer to the IPO launch. |
Several Welsh councils have withdrawn certain beef products from use in schools and care homes after a sample of frozen mince from an approved Newport-based supplier reportedly tested positive for horsemeat. |
The Welsh Government says it's taking a close interest in the UK-wide investigations which led to the raid on Farm box food. UK Government officials are taking the lead because food labelling isn't a devolved matter. |
Integrity and trust are fundamental to consumer confidence in the food chain. I am greatly concerned by allegations following investigations into a meat-processing business near Aberystwyth by the FSA and Dyfed Powys Police. |
Welsh Beef has been awarded the European Union’s Protected Geographical Indication status. This means that the whole of the supply chain meets the highest possible standards. In practice this means that only beef from cattle born and reared in Wales and slaughtered and processed in PGI-approved premises can be labelled... |
All Welsh Beef branded products are subject to rigorous monitoring to maintain and underpin the highest quality and highest standards. |
I believe in the quality of Welsh Beef and I trust the integrity of the PGI supply chain. I want to take this opportunity to make clear that consumers can have confidence in products labelled PGI Welsh Beef. |
Approved supplier Welsh Bros Foods confirmed a sample of its frozen minced beef has 'potentially tested positive' for above 1% horsemeat. |
The Welsh Government says it is working with the police to ensure allegations of horse meat at a plant in west Wales are dealt with. |
Foon Rhee: Is Sacramento’s industry hunter starting to hit the target? The Greater Sacramento Economic Council just announced its biggest win, and CEO Barry Broome says more announcements are on the way. Besides luring Silicon Valley companies, he says Sacramento can be a next-generation automotive research and manufac... |
Carl Hiaasen, Miami Herald: During a week when most Republican leaders were happy not be seen with Donald Trump, Florida Gov. Rick Scott had lunch with the president at his New Jersey golf course. This, as neo-Nazis, white supremacists and drooling bigots all over America were online celebrating Trump’s breezy lack of ... |
Dan Walters, CalMatters: The Josh Newman recall drive is one of those petty, self-serving political exercises that feed the public’s cynicism. All of those involved – save, perhaps, Newman himself – should be ashamed of themselves for wasting the public’s time and money. |
Jamie Court: A confirmation hearing on Wednesday for Gov. Jerry Brown’s top aide on oil and gas to the Public Utilities Commission gives the state Senate an opportunity to set the record straight on Aliso Canyon and the Achilles heel of the Brown administration. |
Kevin Duncan: California needs to build a lot more housing. But to do that, it needs enough workers with the skills to do so safely and correctly. Prevailing wage standards, which function as a local minimum wage for skilled construction work, can improve the industry’s competitiveness in increasingly tight labor marke... |
The California Department of Finance rarely smacks down a bill as thoroughly as it did to L.A. Democratic Assemblyman Reginald Jones-Sawyer’s Assembly Bill 1250 on Monday. That’s the bill pushed by Service Employees International Union to restrict 56 of the 58 counties from contracting out many services. The other two,... |
East Bay Times: Now that there’s a list of projects vying for the $2.7 billion in Proposition 1 money dedicated to water storage, you’d think the chances of the proposed Sites Reservoir in Colusa County getting some of that cash would be clearer. Not so. |
San Francisco Chronicle: California Republicans’ attempted recall of a recently elected state senator might have marked a new low in abuse of the system for political gain. But Democrats refused to be beat to the bottom. |
Kansas City Star: Missouri state Sen. Maria Chappelle-Nadal has to go. The Democrat from University City must do the right thing and resign her office immediately for her incendiary Facebook post expressing hope that President Donald Trump would be assassinated. |
St. Louis Post Dispatch: State Sen. Maria Chappelle-Nadal, D-University City, issued a full-throated apology Sunday to President Donald Trump and his family for posting on Facebook that she hopes he’ll be assassinated. There are times when unequivocal contrition should be enough to clear the air and move on. This, sadl... |
Lexington Herald Leader: In a week when debate about race, history and free speech seemed doomed to end in vitriol or violence, Lexington gave the nation a welcome lesson in civility. |
Charles M. Blow: America doesn’t have a president. America has a man in the White House holding the spot, and wreaking havoc as he waits for the day when a real president arrives to replace him. |
Michael Gerson: ‘America First’ is a gathering moral and strategic disaster. President Trump’s renunciation of foreign policy idealism means delighted dictators, bolder attacks on a free press, expanded Russian influence and betrayed dissidents and exiles. |
Paul Krugman: President Trump’s agenda, such as it is, amounts to reverse Robin Hood with extra racism – the conventional Republican strategy of taking from struggling families to give to the rich, while distracting lower-income whites by attacking Those People, with the only difference being just how blatantly he play... |
Eugene Robinson: We don’t know how to even begin inquiring into a president’s mental health, so we rationalize aberrant behavior as being part of some subtle strategy. We say that Trump is cleverly playing to his base, or employing the “madman theory” of foreign relations. |
Trudy Rubin: President Trump would be bonkers to use mercenaries in Afghanistan. This dangerous idea is being pushed by Erik Prince, the founder of Blackwater, a U.S. contracting firm whose private security hirelings famously shot up civilians in Baghdad. |
The United National Party (UNP) has appointed its leadership council Chairman Karu Jayasuriya, who will be in charge of the party’s campaign for the general election this year, party sources said today. |
Meanwhile, several members who were included in the national list in the 2010 general election will contest from district lists. These include Joseph Michael Perera from the Gampaha District, Eran Wickramaratne and Dr. Harsha de Silva from the Colombo District and R. Yogarajan from the Nuwara Eliya District. |
Also the party had decided to shift some of the candidates who contested from one particular district last year to another in this year’s election. One of those major shifts is Ranjan Ramanayake who confirmed that he will contest from the Gampaha District where contested the 2010 general election from the same District... |
The newcomers, Upul Santha Sannagala who will contest from the Colombo District while former Police spokesman Preshantha Jayakodi is expected to contest from the Gampaha District. |
go go go UNP now or never, teach these rogues a GOOD LESSON. |
UNP policies are harmful to Sri Lanka, they are not like JR, these people are creating problem to the country. Past six months they reined the progress of the country. Who is going to vote for them. |
Prepare for battle with Rajapaksas and his racist clans, Show they no mercy and keep fighting till the end of their regime from arising! |
How efficient is Karu?. late Premadasa, Mahknda and Chandrika are very good organizers. UNP need someone in this caliber. |
in the past 6months corrupt politicians faced the law ,relations with not just china but west and india were updated ,50000 houses for the poor were build etc. |
Has MR fallen this low to spread false rumors like this? |
Citadel Capital, an Egyptian private equity firm, expects to raise $2.25 billion (Dh8.26bn) financing for an oil refinery, the company's managing director said. |
"We are planning to close very large financing in April, a package of $2.25 billion. I think it is going to be one of the largest transactions undertaken by a private equity firm in Egypt," said Ahmed El Housseiny. "It's a greenfield refinery and the value of the project is $2.25bn." |
The plant, that will be built and run by Egyptian Refining Company, is expected to be operational by late 2013, he said. |
Citadel Capital, that has $8.3 billion in investments under control in 15 industries, accelerated its deal pace in the later half of last year under a strategy of incrementally building our large deals, its executives said. |
Citadel will emphasise major investments in three new platform companies, in solid waste management, transportation and agriculture industries, said Abdalla El Ebiary, also Managing Director at the firm. |
On financing, El Housseiny said the change in mix of funding providers, more reliance on developmental financial institutions and multi laterals would be the theme of 2010. |
PE players said that trade sales and IPOs would continue to remain exit routes. |
"The exit routes will continue to be trade sales, IPOs. This region is growing a lot in terms of FDI flows; from $16bn to $128bn in about 5-6 years; intra and inter mergers and acquisition activity has picked up; there is trade sale activity. You see global multinationals, regional corporates looking to buy and sell an... |
Egypt's Citadel Capital yesterday posted 2009 net earnings of E£211.4 million (Dh141.75m) for 2009, up from E£23.3m in 2008. |
The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km). |
New York: A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022. |
Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky. |
In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft. |
Several companies, including Uber Technologies Inc and European planemaker Airbus, are working on electric-powered self-flying cars. |
Zunum does not expect to be the first to certify an electric-powered aircraft with regulators. Rather, it is aiming to fill a market gap for regional travel by airlines, where private jets and commercial jetliners are too costly for many to use. |
Zunum's planes would fly from thousands of small airports around big cities to cut regional travel times and costs. |
"Airlines are very keen to know how to fly a shorter distance and make money on it," Matt Knapp, co-founder and chief aeronautic engineer of the Kirkland, Washington-based company, said in an interview. |
A flight from Silicon Valley to Los Angeles, for instance, would leave from Palo Alto, San Carlos, Hayward or Reid Hillview airports and arrive in Santa Monica, Burbank, Hawthorne or San Gabriel Valley airports. The cost would be about $120 one way, the company said. |
The travel time of over four hours would be cut in half by avoiding the crowds and security lines at big hubs that are required for larger planes. About 96 percent of U.S. air traffic travels through 1 percent of its airports, leaving thousands of small airports virtually untapped, Knapp said. |
Zunum plans to make a larger plane seating up to 50 passengers at the end of the next decade, and the range of both would increase to about 1,000 miles as battery technology improves, Knapp said. |
The planes eventually would fly solely on battery power, and are being designed to fly with one pilot and to eventually be remotely piloted, he added. |
Recent advances in battery technology, lightweight electric motors and carbon composite airframes would cut the cost of flying Zunum's aircraft to about eight cents per seat-mile, about one-fifth that of a small jet or turboprop plane, Knapp said. |
"We're getting airline pricing down on a small plane and doing it for short distances," Knapp said. "That kind of aircraft doesn't currently exist." |
Zunum first announced its plans for hybrid-electric aircraft in April, and revealed that Boeing HorizonX and JetBlue Technology Ventures had invested in its initial round of venture funding. On Thursday it disclosed specifications and a timetable for the vehicle entering service. |
Zunum says the plane would cruise at about 340 miles an hour and at altitudes of about 25,000 feet (7,600 meters) - slower and lower than conventional jets. |
The motor, which Zunum is designing, will drive a fan similar to the bypass fan on a jet engine, but without a jet's combustion. Zunum has started talks with plane makers about building the airframe, and it is building non-flying prototypes of the powertrain to test batteries, the electrical system, software and other ... |
Current battery technology can only power the plane for about 100 miles so a gas-powered engine would be used to generate electricity to power the motors for additional range. |
'Turgid': Jim Carrey and Jeff Daniels in Dumb and Dumber To. |
During the end credits of this belated follow-up to 1994’s gleefully low-brow Dumb and Dumber, there’s a montage juxtaposing scenes from the sequel with snippets from the unexpectedly hilarious original. It’s a cruel gag, seemingly designed to remind you how funny you once found these jokes and how wretchedly turgid th... |
All of which is a crushing disappointment, because frankly I would love to have laughed all the way up to the ceiling (like Mary Poppins’s Uncle Albert) at the reuniting of Jeff Daniels and Jim Carrey who once mined comedy gold from someone getting ice-tongued to a metal pole. Instead, the pair go through the old farty... |
Forget having just a four season room in your home, when this Happy Hollow Park area home allows you to enjoy the season no matter which room you are in. |
Forget having just a four season room in your home, when this Happy Hollow Park area home allows you to enjoy the season no matter which room you are in. This home, featuring endless amounts of outdoor deck space, was specifically built to be positioned so it could be heated by natural solar energy. |
At 4,708 square feet, this home has three bedrooms and three and a half baths, also boasting three attached garage parking spaces. Upon entrance to the home, an enclosed fortress feeling is given, but once you step behind the front door the natural light and outdoor scenery take over. |
Built in 1988, this home is the very definition of open, with views to the woods outside as well as views accessible from each floor looking into one another. Unique kitchen cabinetry from Zinn Kitchens Inc. of Flora and eye popping tile are featured in the home as well. |
This house, located at 1660 Happy Hollow Rd. in West Lafayette, is currently on the market for $735,000, according to the online listing. |
The Razorbacks downed the Bulldogs 6-0. |
FAYETTEVILLE, Ark. (WTVA/MSU Athletics) - No. 18 Mississippi State (28-8, 3-5 SEC) could not manufacture a run as Arkansas (27-6, 4-4 SEC) picked up the series victory with a 6-0 win over the Bulldogs on Saturday afternoon at Bogle Park. |
Mississippi State recorded just three hits in the game with freshman Mia Davidson's sixth-inning double being MSU's lone extra-base hit of the contest. |
Coming into the game in relief during the first inning, sophomore Candace Denis competed the game. Denis (4-2) tossed six innings, allowing six runs, four earned, off seven hits and three walks. The right-hander struck out three. |
Freshman Emily Williams started the game for the Bulldogs, only tossing two pitches before MSU brought in Denis. Denis and Arkansas starter Autumn Storms dealt three scoreless innings, allowing just two hits each before the Razorbacks broke through in the fourth. |
Arkansas led off the inning with a single to left field, but MSU responded with a fly out to right and an out at second on a fielder's choice to retire two. Another Arkansas single up the middle put to on for Tori Cooper, who slugged a home run to left field to put the Razorbacks up 3-0. |
The Razorbacks strung together another two-out hit in the fifth. With two on via an infield single and walk, a Kayla Green RBI double brought home a run before a Mississippi State error allowed two unearned runs to score, extending the Arkansas lead to 6-0. |
State best scoring chance came in the top of the sixth as Davidson slugged her 11th double of the season to extend her hit streak to nine game and junior Sarai Niu got on board with her 34th career hit by pitch, taking over third outright in MSU history. A fielder's choice and strikeout would retire the side and leave ... |
NEW ORLEANS -- It has happened so often this year, it barely registers any more. |
Yet, the Carolina Panthers walked out of the Louisiana Superdome with no backup offensive linemen to spare, exhausting their reserves with injuries that kept their starting right side of the line from finishing the game. |
Right guard Geoff Hangartner left in the second quarter with an ankle sprain, and right tackle Jeff Otah left in the third with a toe injury, causing yet another in what has become a series of scrambles. |
"We've been doing it all season," coach John Fox said. "I think it's a tribute to those guys in the locker room, those offensive coaches, particularly the offensive line coach Dave Magazu, of shuffling those guys. |
To cover the first absence, the Panthers plugged Jeremy Bridges in for Hangartner. The two rotated last week, following the season-ending groin injury to Keydrick Vincent. |
They also moved Jordan Gross from left tackle back to right, allowing Frank Omiyale to play in his more comfortable station. Gross has done that dance on an annual basis, but has been able to stay on the left this year after Carolina drafted the massive Otah to handle the strongside run-blocking responsibilities. |
"I don't think it threw us off, because we had some drives and did some decent things," quarterback Jake Delhomme said. "So with Hangartner and Bridges, those two are kind of interchangeable right now. We're playing both of those guys. But it's better for Frank to play on the left, and that's why Jordan's a franchise p... |
Granted, the Panthers haven't been able to get comfortable with one line all year. |
It took until late November for the projected starting five to finish back-to-back games, and then on Dec. 14, Vincent was lost to a season-ending groin injury. Prior to that point, he was the only one to take every snap this season, as everyone took turns with injuries. Even Gross, one of the most durable players the ... |
They've used six different combinations of starters, and no group played more than four weeks in a row together. |
Hangartner's problem doesn't seem as severe, and the Panthers hope the two weeks before their divisional round playoff game gives them a chance to get together again. |
"We need it as much as anybody," Gross said. "We're banged up, and we've got a lot of healing to do between now and two weeks from now. But we'll take it, it's good." |
The injuries caused some frantic scrambling in the game's waning minutes. |
In fact, on the game-winning field goal, the last man on the right side of the line was defensive tackle J'Vonne Parker -- who wasn't even on the team a week ago. On the end of the left side of the line was center Ryan Kalil, who ordinarily doesn't participate on the field goal unit. |
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