At press time, bitcoin is trading for just over $8,500. This is a near $300 drop from yesterday’s price of $8,800, and the recovery many of us likely believed to be right around the corner is again sinking into hiding for the time being. The price did manage to rebound a bit following Monday’s start of the Coindesk Consensus Conference in New York. After falling roughly to $8,400 from the $9,000 price range last week, bitcoin ultimately rose to $8,800 as organizers were selling tickets for as high as $3,000 to last-minute attendees, though most could be garnered for an
Reported by The Merkle 42 minutes ago.
Bitcoin Price Watch: Currency Falls to $8,500
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Sending doodles to the cloud isn't even the craziest thing this notebook can do
Digitization has more or less sent filing cabinets, Rolodexes, microfiche, card catalogs, and other forms of analog record-keeping into the great office space in the sky. There’s a good reason for that: Important records should be easily accessible, and digitization makes searching, copying, and sharing them effortless. So why are you still taking notes with a regular pen and pad when the Rocketbook Wave Smart Notebook exists?
SEE ALSO: This $15 online course actually makes SQL sound exciting
We’ve covered this cloud-connected creative tool before, but we’ve never seen it so generously discounted at 25% off the standard price. Read more...
More about Notebook Computer, Mashable Shopping, Shopping Stackcommerce, Shopping Solo, and Smart D Reported by Mashable 39 minutes ago.
SEE ALSO: This $15 online course actually makes SQL sound exciting
We’ve covered this cloud-connected creative tool before, but we’ve never seen it so generously discounted at 25% off the standard price. Read more...
More about Notebook Computer, Mashable Shopping, Shopping Stackcommerce, Shopping Solo, and Smart D Reported by Mashable 39 minutes ago.
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Honor 10 Makes Huawei's AI Camera Affordable for the Masses
The latest phone from Huawei's sub brand replicates premium features for a fraction of the price.
Reported by PCMag.com 39 minutes ago.
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A combined Fox-Disney could pose a real danger
A week may come when the Comcast-Fox-Disney-Sky situation does not dominate the Philadelphia-based company’s week in the news, but it is not this week. As Comcast finds itself on the edge of a battle against Disney for Fox and Sky, it begs the question — is this all necessary? Does Comcast really need to risk going $170 billion in debt? Especially with its stock price hovering a bit above its 52-week low? Depends on who you ask. Dave Watson, CEO of Comcast’s cable division, says it’s…
Reported by bizjournals 9 minutes ago.
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Pit Boss Grills Names Melissa Cookston, the Winningest Woman in Barbecue, as Ambassador to #PITBOSSNATION
Pit Boss Grills, the leading manufacturer of best-in-class grills, announced a smokin’ partnership with Melissa Cookston today. Melissa is the Winningest Woman in Barbecue, a 7-time world barbecue champion, an author, restaurateur, and is now a brand ambassador for Pit Boss Grills and the #PitBossNation.
MEMPHIS, Tenn. (PRWEB) May 15, 2018
Pit Boss Grills, the leading manufacturer of best-in-class grills, announced a smokin’ partnership with Melissa Cookston today. Melissa is the Winningest Woman in Barbecue, a 7-time world barbecue champion, an author, restaurateur, and is now a brand ambassador for Pit Boss Grills and the #PitBossNation.
“Pit Boss Grills aids everyone in being the boss of their own grill, turning home cooks into grilling and barbecuing rock stars just like Melissa Cookston. Melissa is going to help us spread the good news that it doesn’t take years of competing in barbecue competitions, and trial and error, to become the boss of the grill anymore. Now, all you need is a Pit Boss Grill and possibly a Melissa Cookston recipe to wow your family and friends with outstanding food, flavors, and quality barbecue from your own backyard,” said Jeff Thiessen, President at Pit Boss. “We encourage our customers to take charge, and to be the boss of their own grill, and Melissa embodies this message. She will be an excellent addition to our team!”
Offering the best value per square inch in the pellet grill industry, Pit Boss leads the industry with innovation, excellence, and a distinctly customer-driven approach. Pit Boss takes pride in delivering the best possible products, at an affordable price; crafting grills that are Bigger, Hotter, and Heavier than the competitions. More information on Pit Boss Grills can be found on their website https://pitboss-grills.com/.
“Pit Boss Grills are great and match my barbecue philosophy very well as they allow folks to be the boss of their own grill,” said Melissa Cookston, the Winningest Woman in Barbecue and new Pit Boss Grills brand ambassador. “I’ve always said, barbecue isn’t hard. If it tastes good to you, you are doing it right and now Pit Boss Grills and #PitBossNation provide the tools, as well as the information, that allow anyone to be a great pit boss and the boss of their own grill.”
Melissa Cookston Online:
http://melissacookston.com/blog/
https://www.facebook.com/MelissaCookstonCooks
http://www.twitter.com/melissacookston
http://www.instagram.com/melissa.cookston
http://www.youtube.com/melissacookston
About Melissa Cookston:
Melissa Cookston was born and raised in the Mississippi Delta and is a trailblazing female food entrepreneur smoking the competition.
Cookston is a seven-time world barbecue champion; owner of restaurants Steak by Melissa, a successful steak house in Southaven, Mississippi and Memphis BBQ Company, a successful barbecue restaurant with locations in Horn Lake, Mississippi, Fayetteville, North Carolina, and Dunwoody, Georgia; an author of two cookbooks, “Smokin in the Boy’s Room” and “Smokin’ Hot in the South;” and a celebrated southern Delta chef.
Recognized nationally from many appearances on national news and talks shows as well as cooking shows and the Food Network, Cookston served as a judge on season four of Destination America’s “BBQ Pitmasters,” and was named one of America’s most influential BBQ Pitmasters and personalities by Fox News in 2015.
About Pit Boss Grills:
Be the BOSS of your BBQ with Pit Boss Grills. Offering the best value per square inch in the pellet grill industry, Pit Boss is the proud manufacturer of the Wood Pellet Series, the Ceramic Charcoal Barbecue Series, gas grills, and vertical smokers - all at an affordable price, without sacrificing quality! Pit Boss Grills is a subsidiary of Dansons, Inc. which was founded in 1999 by Dan Thiessen and his two sons, Jeff and Jordan. Pit Boss Grills is known for their durability and craftsmanship. From portable grills like the Pit Boss Tailgater, to massive grills like the Pit Boss Austin XL – Pit Boss takes pride in creating the best products in the industry at the absolute best value. Last year, Dansons was awarded EY Entrepreneur of the Year (2017), showcasing its dedication to innovation. For more information about Pit Boss, please visit one of the websites below.
Pit Boss Grills Online:
https://pitboss-grills.com/
https://www.facebook.com/PitBossGrills/
https://www.instagram.com/PitBossGrills/
https://twitter.com/PitBossGrills
https://www.youtube.com/pit-bossgrills
### Reported by PRWeb 11 minutes ago.
MEMPHIS, Tenn. (PRWEB) May 15, 2018
Pit Boss Grills, the leading manufacturer of best-in-class grills, announced a smokin’ partnership with Melissa Cookston today. Melissa is the Winningest Woman in Barbecue, a 7-time world barbecue champion, an author, restaurateur, and is now a brand ambassador for Pit Boss Grills and the #PitBossNation.
“Pit Boss Grills aids everyone in being the boss of their own grill, turning home cooks into grilling and barbecuing rock stars just like Melissa Cookston. Melissa is going to help us spread the good news that it doesn’t take years of competing in barbecue competitions, and trial and error, to become the boss of the grill anymore. Now, all you need is a Pit Boss Grill and possibly a Melissa Cookston recipe to wow your family and friends with outstanding food, flavors, and quality barbecue from your own backyard,” said Jeff Thiessen, President at Pit Boss. “We encourage our customers to take charge, and to be the boss of their own grill, and Melissa embodies this message. She will be an excellent addition to our team!”
Offering the best value per square inch in the pellet grill industry, Pit Boss leads the industry with innovation, excellence, and a distinctly customer-driven approach. Pit Boss takes pride in delivering the best possible products, at an affordable price; crafting grills that are Bigger, Hotter, and Heavier than the competitions. More information on Pit Boss Grills can be found on their website https://pitboss-grills.com/.
“Pit Boss Grills are great and match my barbecue philosophy very well as they allow folks to be the boss of their own grill,” said Melissa Cookston, the Winningest Woman in Barbecue and new Pit Boss Grills brand ambassador. “I’ve always said, barbecue isn’t hard. If it tastes good to you, you are doing it right and now Pit Boss Grills and #PitBossNation provide the tools, as well as the information, that allow anyone to be a great pit boss and the boss of their own grill.”
Melissa Cookston Online:
http://melissacookston.com/blog/
https://www.facebook.com/MelissaCookstonCooks
http://www.twitter.com/melissacookston
http://www.instagram.com/melissa.cookston
http://www.youtube.com/melissacookston
About Melissa Cookston:
Melissa Cookston was born and raised in the Mississippi Delta and is a trailblazing female food entrepreneur smoking the competition.
Cookston is a seven-time world barbecue champion; owner of restaurants Steak by Melissa, a successful steak house in Southaven, Mississippi and Memphis BBQ Company, a successful barbecue restaurant with locations in Horn Lake, Mississippi, Fayetteville, North Carolina, and Dunwoody, Georgia; an author of two cookbooks, “Smokin in the Boy’s Room” and “Smokin’ Hot in the South;” and a celebrated southern Delta chef.
Recognized nationally from many appearances on national news and talks shows as well as cooking shows and the Food Network, Cookston served as a judge on season four of Destination America’s “BBQ Pitmasters,” and was named one of America’s most influential BBQ Pitmasters and personalities by Fox News in 2015.
About Pit Boss Grills:
Be the BOSS of your BBQ with Pit Boss Grills. Offering the best value per square inch in the pellet grill industry, Pit Boss is the proud manufacturer of the Wood Pellet Series, the Ceramic Charcoal Barbecue Series, gas grills, and vertical smokers - all at an affordable price, without sacrificing quality! Pit Boss Grills is a subsidiary of Dansons, Inc. which was founded in 1999 by Dan Thiessen and his two sons, Jeff and Jordan. Pit Boss Grills is known for their durability and craftsmanship. From portable grills like the Pit Boss Tailgater, to massive grills like the Pit Boss Austin XL – Pit Boss takes pride in creating the best products in the industry at the absolute best value. Last year, Dansons was awarded EY Entrepreneur of the Year (2017), showcasing its dedication to innovation. For more information about Pit Boss, please visit one of the websites below.
Pit Boss Grills Online:
https://pitboss-grills.com/
https://www.facebook.com/PitBossGrills/
https://www.instagram.com/PitBossGrills/
https://twitter.com/PitBossGrills
https://www.youtube.com/pit-bossgrills
### Reported by PRWeb 11 minutes ago.
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AKVA group ASA: AKVA group ASA signs LOI with Egersund Group AS regarding acquisition of Egersund Net AS
AKVA group ASA ("*AKVA*") has today entered into a letter of intent with Egersund Group AS regarding the acquisition of all shares in Egersund Net AS (the "*Transaction*"). The purchase price to be paid by AKVA is based on an Enterprise Value (EV) of Egersund Net AS of NOK 750 million. The final purchase price will depend on amongst others customary adjustments for the net debt and working capital of Egersund Net AS at completion of the Transaction. Of the final purchase price, 70% is expected to be settled by issuance of 7.5 million shares in AKVA to Egersund Group AS (based on a share price of NOK 70, which is NOK 2 above the last 3 months volume weighted average AKVA share price). The remaining 30%, subject to any completion adjustments, is expected to be settled by cash payment financed by existing facilities. The transaction excludes properties currently held directly or indirectly by Egersund Net AS which post completion will be leased to AKVA on market terms.
The Transaction is inter alia subject to due diligence, AKVA shareholder approval of the issuance of consideration shares to Egersund Group AS, necessary government and stock exchange approvals, and entering into of final transaction agreements.
Egersund Net AS complements AKVA's product and service offering, by adding nets and moorings to the portfolio. Following completion of the Transaction, AKVA will be able to serve its customers more efficiently and develop the most optimal solutions for the complete life cycle of fish farming as a more complete technology and service supplier with strengthened geographical presence. Furthermore, Egersund Net's technology, products and expertize will be given access to a wider geographical area through AKVA's global presence and distribution channels.
The combined force within technology and development will accelerate the work towards delivering efficient and cost-effective solutions for the aquaculture industry, ensuring both optimal fish welfare and the highest levels of productivity.
The pro-forma revenues for the acquired business are preliminarily estimated based on figures reported by Egersund Net AS, which were NOK 586 and 603 million for 2016 and 2017, respectively. Similarly, the pro-forma adjusted EBITDA for the corresponding years is preliminarily estimated as NOK 88 million and NOK 76 million. For 2018, revenues are expected to grow by 10-15% with an EBITDA margin in the range of 14-16%, excluding any synergies from combining the businesses.
The CEO of AKVA group, Hallvard Muri, comments: "We are extremely satisfied with this opportunity and are looking forward to working with Egersund Group AS to realize the transaction. During the last few years, we have seen the competition within cage based solutions getting increasingly tougher. Our customers are expecting nothing but the best, and by joining forces we will have the best basis for strengthening our combined value proposition which will make our customer interactions and interfaces more efficient. This will also enable us to accelerate the development work to optimize our total cage, net and mooring solutions. AKVA group expect significant sales synergies from the acquisition but it will require investments and continued commitment, and before that, making the transaction a reality will be top priority."
The chairman of AKVA and 50% owner of Egersund Group, Hans Kristian Mong, comments: "We have strong belief in Egersund Net and in AKVA group on a stand-alone basis, but even stronger belief in them together. To participate in the value creation from this acquisition, taking a high proportion of the settlement in shares, is a prerequisite. Assuming we will reach a final agreement, we will own approximately 62% of AKVA group. We still have a long term goal to be a majority owner in AKVA."
The acting chairman in the transaction, Anne Breiby, comments: "The board is pleased to have made this move in the direction of building a larger, stronger and more geographically diverse company."
Assuming final agreement on the Transaction is reached, it is expected to be completed in the third quarter 2018. AKVA expects to provide further information about the transaction in an Information Memorandum pursuant to Section 3.5 of the Continuing Obligations for companies listed on the Oslo Stock Exchange.
Pareto Securities AS is acting as financial advisor to AKVA group in connection with the Transaction.
Description of Egersund Net
Egersund Net produces nets and mooring solutions for the aquaculture industry, including top nets, tube nets and special products such as sweep nets, fish sorting and mort collector nets. The company has approx. 450 employees. The company has nine service stations along the coast of Norway, and production and service facilities in Lithuania and Turkey.
Description of AKVA group
AKVA group is the leading provider of technology and services to the global fish farming industry and the only with global distribution. The products consist of software systems, operational equipment and sensor systems, feed systems, cage systems, net cleaning systems, light systems and recirculation aquaculture systems.
Bryne, 15 May 2018
AKVA group ASA
Web: www.akvagroup.com
CONTACTS:
Hallvard Muri Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 58 07 50
E-mail: hmuri@akvagroup.com
Simon Nyquist Martinsen Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 91 63 00 42
E-mail: snmartinsen@akvagroup.comThis information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Reported by GlobeNewswire 7 minutes ago.
The Transaction is inter alia subject to due diligence, AKVA shareholder approval of the issuance of consideration shares to Egersund Group AS, necessary government and stock exchange approvals, and entering into of final transaction agreements.
Egersund Net AS complements AKVA's product and service offering, by adding nets and moorings to the portfolio. Following completion of the Transaction, AKVA will be able to serve its customers more efficiently and develop the most optimal solutions for the complete life cycle of fish farming as a more complete technology and service supplier with strengthened geographical presence. Furthermore, Egersund Net's technology, products and expertize will be given access to a wider geographical area through AKVA's global presence and distribution channels.
The combined force within technology and development will accelerate the work towards delivering efficient and cost-effective solutions for the aquaculture industry, ensuring both optimal fish welfare and the highest levels of productivity.
The pro-forma revenues for the acquired business are preliminarily estimated based on figures reported by Egersund Net AS, which were NOK 586 and 603 million for 2016 and 2017, respectively. Similarly, the pro-forma adjusted EBITDA for the corresponding years is preliminarily estimated as NOK 88 million and NOK 76 million. For 2018, revenues are expected to grow by 10-15% with an EBITDA margin in the range of 14-16%, excluding any synergies from combining the businesses.
The CEO of AKVA group, Hallvard Muri, comments: "We are extremely satisfied with this opportunity and are looking forward to working with Egersund Group AS to realize the transaction. During the last few years, we have seen the competition within cage based solutions getting increasingly tougher. Our customers are expecting nothing but the best, and by joining forces we will have the best basis for strengthening our combined value proposition which will make our customer interactions and interfaces more efficient. This will also enable us to accelerate the development work to optimize our total cage, net and mooring solutions. AKVA group expect significant sales synergies from the acquisition but it will require investments and continued commitment, and before that, making the transaction a reality will be top priority."
The chairman of AKVA and 50% owner of Egersund Group, Hans Kristian Mong, comments: "We have strong belief in Egersund Net and in AKVA group on a stand-alone basis, but even stronger belief in them together. To participate in the value creation from this acquisition, taking a high proportion of the settlement in shares, is a prerequisite. Assuming we will reach a final agreement, we will own approximately 62% of AKVA group. We still have a long term goal to be a majority owner in AKVA."
The acting chairman in the transaction, Anne Breiby, comments: "The board is pleased to have made this move in the direction of building a larger, stronger and more geographically diverse company."
Assuming final agreement on the Transaction is reached, it is expected to be completed in the third quarter 2018. AKVA expects to provide further information about the transaction in an Information Memorandum pursuant to Section 3.5 of the Continuing Obligations for companies listed on the Oslo Stock Exchange.
Pareto Securities AS is acting as financial advisor to AKVA group in connection with the Transaction.
Description of Egersund Net
Egersund Net produces nets and mooring solutions for the aquaculture industry, including top nets, tube nets and special products such as sweep nets, fish sorting and mort collector nets. The company has approx. 450 employees. The company has nine service stations along the coast of Norway, and production and service facilities in Lithuania and Turkey.
Description of AKVA group
AKVA group is the leading provider of technology and services to the global fish farming industry and the only with global distribution. The products consist of software systems, operational equipment and sensor systems, feed systems, cage systems, net cleaning systems, light systems and recirculation aquaculture systems.
Bryne, 15 May 2018
AKVA group ASA
Web: www.akvagroup.com
CONTACTS:
Hallvard Muri Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 58 07 50
E-mail: hmuri@akvagroup.com
Simon Nyquist Martinsen Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 91 63 00 42
E-mail: snmartinsen@akvagroup.comThis information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Reported by GlobeNewswire 7 minutes ago.
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HTC officially announces a new blockchain-powered phone
HTC is the latest to hop onto the blockchain bandwagon, with the company announcing plans to make a new blockchain-powered Android phone, as first reported by TheNextWeb. The company is naming it Exodus and giving it a universal wallet and hardware support for cryptocurrencies and decentralized apps.To start with, the Exodus phone will have support for bitcoin, ethereum, and other major networks, with more partnerships expected to come later on. HTC envisions a native blockchain network that uses Exodus phones as nodes that support cryptocurrency trading between users. HTC is also reportedly considering allowing people to purchase the Exodus phone with cryptocurrency. No price has been set yet for the phone.
HTC Vive founder Phil Chen... Reported by The Verge 10 minutes ago.
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OnePlus 6 hands-on: Slick looks come at a higher price
It's been only six months since the launch of the OnePlus 5T, but today the company is pushing out a new device that both packs the latest top specs and manages to one-up its earlier design. As you probably saw a little earlier, the new OnePlus...
Reported by engadget 2 hours ago.
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Fields of dollars: Soaring farmland prices threaten future of farming in Canada
The average price of farmland in Canada has more than doubled in the last 10 years, leading to concerns about the future of agriculture in this country as a large group of farmers retires over the next decade.
Reported by CTV News 1 hour ago.
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SHAREHOLER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Macquarie Infrastructure Corporation of Class Action Lawsuit and Upcoming Deadline – MIC
NEW YORK, May 16, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Macquarie Infrastructure Corporation (“Macquarie” or the “Company”) (NYSE:MIC) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 18-cv-03744, is on behalf of a class consisting of investors who purchased or otherwise acquired Macquarie’s securities between February 22, 2016, and February 21, 2018, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.If you are a shareholder who purchased Macquarie’s securities between February 22, 2016, and February 21, 2018, both dates inclusive, you have until June 25, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
*[Click here to join this class action]*
Macquarie Infrastructure Corporation owns, operates, and invests in a portfolio of infrastructure businesses. The Company’s businesses consist of bulk liquid terminals, airport services, gas processing and distribution, and a portfolio of contracted power and energy investments. Macquarie’s International-Matex Tank Terminals (“IMTT”) business provides bulk liquid storage and handling services at 12 marine terminals in the United States and Canada, and is Macquarie’s most important business segment.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) IMTT’s performance and utilization were at risk of significant decline due to ongoing industrywide changes in the market for heavy residual oils, and in particular, declining demand and pricing for No. 6 fuel oil; (ii) IMTT relied significantly on demand for storage of heavy residual fuel oils, including No. 6 fuel oil; (iii) Macquarie needed to undertake significant capital expenditures to repurpose IMTT storage tanks to accommodate alternative products; and (iv) as a result of the foregoing, Macquarie’s shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.
On February 21, 2018, after the market closed, Macquarie surprised the market by announcing disappointing fourth-quarter earnings of $0.43 per share, well short of analysts’ estimate of $0.51 per share, and that the Company would be slashing its dividend by 31%. Macquarie blamed its poor performance on the declining use of heavy residual oil products, declining demand and prices for No. 6 fuel oil.
On this news, Macquarie’s share price fell $26.21, or 41.19%, to close at $37.41 on February 22, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 Ext. 9980 Reported by GlobeNewswire 1 hour ago.
*[Click here to join this class action]*
Macquarie Infrastructure Corporation owns, operates, and invests in a portfolio of infrastructure businesses. The Company’s businesses consist of bulk liquid terminals, airport services, gas processing and distribution, and a portfolio of contracted power and energy investments. Macquarie’s International-Matex Tank Terminals (“IMTT”) business provides bulk liquid storage and handling services at 12 marine terminals in the United States and Canada, and is Macquarie’s most important business segment.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) IMTT’s performance and utilization were at risk of significant decline due to ongoing industrywide changes in the market for heavy residual oils, and in particular, declining demand and pricing for No. 6 fuel oil; (ii) IMTT relied significantly on demand for storage of heavy residual fuel oils, including No. 6 fuel oil; (iii) Macquarie needed to undertake significant capital expenditures to repurpose IMTT storage tanks to accommodate alternative products; and (iv) as a result of the foregoing, Macquarie’s shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.
On February 21, 2018, after the market closed, Macquarie surprised the market by announcing disappointing fourth-quarter earnings of $0.43 per share, well short of analysts’ estimate of $0.51 per share, and that the Company would be slashing its dividend by 31%. Macquarie blamed its poor performance on the declining use of heavy residual oil products, declining demand and prices for No. 6 fuel oil.
On this news, Macquarie’s share price fell $26.21, or 41.19%, to close at $37.41 on February 22, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 Ext. 9980 Reported by GlobeNewswire 1 hour ago.
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Is the OnePlus 6 the first real challenger to the iPhone X?
OnePlus has just revealed its latest phone, the much anticipated OnePlus 6. The unveiling at London’s Copper Box arena this evening follows months of rumours, as well as a healthy sprinkling of leaks, and confirms much of what had been suspected about the Chinese manufacturer’s new Android flagship.So here it is. The OnePlus 6 has an all-glass design with a 6.28” full optic AMOLED display and an impressive 84 per cent screen-to-body ratio – a relatively recent metric for this brave new, bezel-averse generation and a scoreboard that OnePlus, but for a fraction of a smidge of a per cent, now almost sits atop. The back of the phone looks and feels ceramic-smooth, but is in fact made of specially treated Corning Gorilla Glass 5, layered with film to produce a light-catching matte effect in the Midnight Black model, and a luxurious, polished look in the Silk White version. OnePlus has always had an Apple-level attention to detail, and the 6 is no exception to the rule – it is a splendorous phone.
At the top of the screen there’s the fiercely debated notch, which, love it or hate it, is considerably smaller than that of the iPhone X. Its arrival allows for a new, taller 19:9 ratio display, in which the notification bar can slip neatly into the gaps on either side of the notch and leave the rest of the screen free to display taco recipes and Instagram pictures of skateboarding dogs. For the anti-notch crowd – some people have very strong feelings on the matter – there’s a software option to obscure it with a solid black bar, which is a surprisingly effective solution.
I’ve been trying out the OnePlus 6 ahead of its announcement today, and it’s an impressively engineered object. In most regards it’s an incremental update to the barely six-months-old OnePlus 5T, yet it’s still recognisable as something new. The dual-camera is improved by OIS (optical image stabilisation) and has been repositioned vertically along the back of the device. A portrait mode has been added along with a new slow-motion video capture mode. Facial unlocking returns and feels just as snappy as the previous model, as does Dash Charging, which pumps the phone full of a day’s worth of juice in half an hour.
There’s the latest Snapdragon 845 processor and 8GB of RAM under the bonnet, and a fresh focus on mitigating performance degradation in the long term – the slogan here is “The Speed You Need” – by using intelligent software to keep things lagless and snappy well into the phone’s lifespan. Despite what the glass back might suggest, the phone does not feature wireless charging.
The display is bright, vivid and well-balanced in its default colour profile, though still running at the same 1080p resolution as the OnePlus 5T, which looks a little lacklustre by direct comparison to the sharper Pixel 2 XL or Galaxy S9. The trade-off gives a boost to the battery life however, and you’d need to get your eyeball so near to the phone to see the difference that people will think you’re odd. The OnePlus 6 is not certified waterproof, as rumours had suggested it might be, but OnePlus says that it’s designed to defend itself from a reasonable degree of everyday splashing. It’s also got a headphone jack, if you’re still keeping track of that kind of thing.
Having built a reputation – and a growing cult following – by cramming top-end components and whip-fast custom software into budget-price phones, an increasingly profitable OnePlus has seen its revenue double to $1.4bn between 2016 and 2017. In turn the price of its handsets has also steadily drifted upwards, towards those of the rival flagships it challenges, but the OnePlus 6 is still a firmly cheaper proposition than the competition it stands shoulder-to-shoulder with. The 64GB option is £469 (a £20 increase on the launch price of the OnePlus 5T), the 128GB options are £519 and a new 256GB option sells for £569.
The OnePlus 6 launches in Europe on 22 May, and we’ll have a more complete review soon. Reported by City A.M. 1 hour ago.
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OnePlus 6 announced with a glass back and a notched 6.3-inch display
On sale May 22nd, with a starting price of $529
Reported by The Verge 1 hour ago.
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Will Senate Vote to Block Net Neutrality Rollback Today? Here’s How to Watch It Live
The battle over net neutrality isn’t over yet.The U.S. Senate is voting on Wednesday on whether to rollback the Federal Communications Commission’s repeal of net neutrality. Several Democratic senators pushed for the vote using the Congressional Review Act — allowing Congress to thwart agency regulations. The FCC struck down Obama-era net neutrality rules last December, with the move spearheaded by Ajit Pai, President Trump’s appointed chairman.
The 49 Democratic senators will need help on Wednesday, though, from at least one more Republican. To force the review to head to the House of Representatives, the Democrats will need 51 votes. The Dems have already added Sen. Susan Collins, a Republican from Maine, to join their side.
*Also Read:* Netflix Comes Out in Support for Net Neutrality, Tells FCC 'We Will See You in Court'
If you’re dying to watch some exciting Congressional action, you’re in luck: The vote is being broadcast live on C-SPAN here. The vote will happen around 3 p.m. ET/noon PT today, but the Senate is already underway discussing it.
And if you’re still confused by this whole net neutrality debate thing, we’ve got you covered here.
In brief: The FCC’s rollback struck a blow to 2015’s “Open Internet” ruling, which classified broadband providers as “common carriers” — essentially making them public utilities. This designation barred ISPs from blocking access to particular sites and apps, as well as creating paid “fast lanes” to reach sites. Under the FCC’s new rules, companies like Verizon — which owns Yahoo — would be allowed to slow down or block access to Google, as long as it discloses its decision. Opponents of Pai’s decision argue this gives too much power to a select few ISPs and hurts consumers, who could see price hikes; those in favor say the Federal Trade Commission, which the FCC will cede power to, will be able to tackle companies that act anti-competitively. Pai has also argued the 2015 rules have stymied internet investment.
*Also Read:* FCC Sets Date for Net Neutrality Pullback
Even if the Democrats prevail on Wednesday, they’ve still got their work cut out for them. Not only would the House of Representatives have to vote to undo the FCC’s ruling, President Trump would also have to support blocking the new rules.
*Related stories from TheWrap:*
Net Neutrality: Dems Say One More GOP Senator's Vote Can 'Save the Internet'
FCC Sets Date for Net Neutrality Pullback
Burger King Serves Up Net Neutrality Explainer by Slowing Down the Whopper (Video) Reported by The Wrap 1 hour ago.
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Tottenham Prepared to Meet Dortmund's Asking Price for Exciting Young Winger Christian Pulisic
Reported by SI.com 1 hour ago.
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Hagens Berman Alerts Investors in Kulicke & Soffa Industries, Inc. (KLIC) to the July 10, 2018 Securities Class Action Lead Plaintiff Deadline
SAN FRANCISCO, May 16, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) to the *July 10, 2018 Lead Plaintiff deadline* in the securities class action pending in the United States District Court for the Central District of California. If you purchased or otherwise acquired KLIC securities *between November 16, 2017 and May 10, 2018* and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:https://www.hbsslaw.com/cases/KLIC
or contact Reed Kathrein, who is leading the firm’s investigation, by calling *510-725-3000 *or emailing
KLIC@hbsslaw.com.
On November 27, 2017, Defendants announced that Jonathan Chou stepped down as Kulicke & Soffa’s Executive Vice President, Chief Financial Officer and Principal Accounting Officer.
On May 10, 2018, the Company notified investors it would not timely file its quarterly report for the period ended March 31, 2018, explaining it is investigating certain unauthorized transactions by a senior finance employee. Defendants also explained the Company’s financial statements for the year ended September 30, 2017 can no longer be relied upon due to misstated warranty accruals.
This news drove the price of Kulicke and Soffa shares down $1.80, or about 7.5%, to close at $21.99 on May 11, 2018.
“We’re focused on investors’ losses and which of KLIC senior officers knowingly violated Generally Accepted Accounting Principles,” said Hagens Berman partner Reed Kathrein.
*Whistleblowers: *Persons with non-public information regarding KLIC should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at *510-725-3000* or email KLIC@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation.
More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000 Reported by GlobeNewswire 1 hour ago.
or contact Reed Kathrein, who is leading the firm’s investigation, by calling *510-725-3000 *or emailing
KLIC@hbsslaw.com.
On November 27, 2017, Defendants announced that Jonathan Chou stepped down as Kulicke & Soffa’s Executive Vice President, Chief Financial Officer and Principal Accounting Officer.
On May 10, 2018, the Company notified investors it would not timely file its quarterly report for the period ended March 31, 2018, explaining it is investigating certain unauthorized transactions by a senior finance employee. Defendants also explained the Company’s financial statements for the year ended September 30, 2017 can no longer be relied upon due to misstated warranty accruals.
This news drove the price of Kulicke and Soffa shares down $1.80, or about 7.5%, to close at $21.99 on May 11, 2018.
“We’re focused on investors’ losses and which of KLIC senior officers knowingly violated Generally Accepted Accounting Principles,” said Hagens Berman partner Reed Kathrein.
*Whistleblowers: *Persons with non-public information regarding KLIC should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at *510-725-3000* or email KLIC@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation.
More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000 Reported by GlobeNewswire 1 hour ago.
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Drug price 'gag clauses' make your medicine more expensive. Now, they're under fire nationally.
Lots of issues contribute to high, confusing and widely varying drug costs. But there's one idea advocates are latching onto - and it even got an endorsement from President Trump last week.
Reported by philly.com 1 hour ago.
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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Aceto Corporation of Class Action Lawsuit and Upcoming Deadline – ACET
NEW YORK, May 16, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Aceto Corporation (“Aceto” or the “Company”) (NASDAQ:ACET) and certain of its officers. The class action, filed in United States District Court, Eastern District of New York, and docketed under 18-cv-02437, is on behalf of a class consisting of investors who purchased or otherwise acquired Aceto securities between February 1, 2018, through April 18, 2018, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.If you are a shareholder who purchased Aceto securities between February 1, 2018, and April 18, 2018, both dates inclusive, you have until June 25, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
*[Click here to join this class action]*
Aceto Corporation markets, sells, and distributes human health products, pharmaceutical ingredients, and performance chemicals. The Company offers finished dosage form generics, nutritionals, pharmaceutical intermediates, active pharmaceutical ingredients, specialty chemicals, and agricultural protection products.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) due to undisclosed competitive and pricing pressures, Aceto was unlikely to meet the performance metrics the Company provided to its investors as financial guidance; (ii) accordingly, Aceto’s financial guidance was overstated; and (iii) as a result of the foregoing, Aceto’s financial statements and Defendants’ statements about Aceto’s business, operations, and prospects, were materially false and misleading at all relevant times.
On April 18, 2018, after the market closed, Aceto disclosed that “the financial guidance issued on February 1, 2018, should no longer be relied upon,” and suspended “further financial guidance for at least the balance of the fiscal year.” Aceto also disclosed that “the Company anticipates recording non-cash intangible asset impairment charges, including goodwill, in the range of $230 million to $260 million on certain currently marketed and pipeline generic products as a result of continued intense competitive and pricing pressures.” Aceto also disclosed the resignation of its Chief Financial Officer, Edward Borkowski, who had joined Aceto just two months earlier.
As a result of the disclosure, Aceto’s stock price fell $4.74 per share, or 64%, to close at $2.66 per share on April 19, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 Ext. 9980 Reported by GlobeNewswire 1 hour ago.
*[Click here to join this class action]*
Aceto Corporation markets, sells, and distributes human health products, pharmaceutical ingredients, and performance chemicals. The Company offers finished dosage form generics, nutritionals, pharmaceutical intermediates, active pharmaceutical ingredients, specialty chemicals, and agricultural protection products.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) due to undisclosed competitive and pricing pressures, Aceto was unlikely to meet the performance metrics the Company provided to its investors as financial guidance; (ii) accordingly, Aceto’s financial guidance was overstated; and (iii) as a result of the foregoing, Aceto’s financial statements and Defendants’ statements about Aceto’s business, operations, and prospects, were materially false and misleading at all relevant times.
On April 18, 2018, after the market closed, Aceto disclosed that “the financial guidance issued on February 1, 2018, should no longer be relied upon,” and suspended “further financial guidance for at least the balance of the fiscal year.” Aceto also disclosed that “the Company anticipates recording non-cash intangible asset impairment charges, including goodwill, in the range of $230 million to $260 million on certain currently marketed and pipeline generic products as a result of continued intense competitive and pricing pressures.” Aceto also disclosed the resignation of its Chief Financial Officer, Edward Borkowski, who had joined Aceto just two months earlier.
As a result of the disclosure, Aceto’s stock price fell $4.74 per share, or 64%, to close at $2.66 per share on April 19, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 Ext. 9980 Reported by GlobeNewswire 1 hour ago.
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The OnePlus 6 is an iPhone X clone—notch, glass, and all—for nearly half the price
OnePlus has always designed its phones to be cheaper alternatives to the iPhone and other premium Android handsets, but its lower price has always brought compromises: the LCD display on the 3T, the 16:9 screen on the OnePlus 5, or the lack of optical image stabilization on the 5T. With the 6, OnePlus has all but eliminated anything that separates its handset from the Galaxy S9, the Google Pixel 2 XL, and even the iPhone X.
To read this article in full, please click here Reported by PC World 1 hour ago.
To read this article in full, please click here Reported by PC World 1 hour ago.
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Playtech shareholders revolt against boss's 67 per cent pay rise
Betting and online gaming software company Playtech saw the odds fall against it this afternoon, as shareholders refused to approve a remuneration report which signed off a 67 per cent pay rise to its boss.Chief executive Mor Weizer saw his base salary rise to £1m over the course of 2017, as he also received a one-off award of more than 1.5m shares – despite most shareholders disapproving of this.
Shareholder advisory firm Glass Lewis had told investors to give the pay report the boot, saying that it "questioned the necessity of such a significant award in recognition of 'exceptional' ten years of leadership".
*Read more: *Playtech is snapping up Italian gaming firm Snaitech after buying an €846m stake
With regards to the basic wage rise, Glass Lewis said it "views high fixed pay raises with scepticism, as such remuneration is not directly linked to performance and may serve as a crutch when performance has fallen below expectations".
Alan Jackson, Playtech's chairman, said: "We have listened to our shareholders and we understand their concerns. We are committed to working with shareholders to address the issues raised going forward."
Alan Jackson and John Jackson, chairman of the remuneration committee, also both received strong votes of no confidence from 35 per cent and 43 per cent of the shareholder base respectively.
Playtech has said it will "review the composition of its remuneration committee", and is in discussions with potential candidates to join the board as a non-executive director.
The company – which has a market value of more than £2bn – saw its share price dip more than three per cent following the meeting.
*Jupiter in the doghouse over pay – again*
In another AGM today, asset manager Jupiter – which had seen shareholder advisory firm ISS object to its executive pay – managed to win the support of most investors, though 19 per cent still voted against the directors' remuneration policy.
*Read more: *Jupiter Asset Management face backlash after proposed 50 per cent pay increase for CEO
It will see chief executive Maarten Slendebroek's salary rise from £250,000 to £425,000, as well as raking in a potential 425 per cent of his wages in short-term incentives.
An even larger 20 per cent of Jupiter shareholders turned their noses up at the new long-term incentive plan, which would allow Slendebroek to be awarded a futher 375 per cent of his salary.
Meanwhile at Cineworld, a "significant minority" of shareholders voted against executive pay.
*Read more: *Cineworld narrowly avoids revolt as 'significant minority' of shareholders object to blockbuster executive pay Reported by City A.M. 1 hour ago.
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OnePlus 6 vs iPhone X: almost half the price, but does it beat Apple's top phone?
Reported by TechRadar 1 hour ago.
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