As Premier vows to alleviate Toronto’s infamous traffic congestion, his government’s designs for Ontario Place would add to the problem. That’s the conclusion of from the city of Toronto that examined the projected traffic impacts of . The report from city transportation staff noted that the $2.2-billion revamp — consisting of the Therme spa, expanded Live Nation concert venue, new public spaces and a mainland pavilion for Ontario Science Centre programming — will convert the Ontario Place site into a year-round destination. By 2032, the redevelopment is projected to increase traffic volumes on Lake Shore Boulevard West by up to 27 per cent in the morning rush, 23 per cent in the evening rush and as much as 40 per cent during major events like Toronto FC games and the Canadian National Exhibition, according to the report. That would add about 1 to 2 minutes to vehicle travel times on Lake Shore between British Columbia Road and Strachan Avenue during typical weekday or weekend peak periods, the city estimated. During major events, trips would take about 5 to 6.5 minutes longer. The projections, which were based on a previous analysis performed for Infrastructure Ontario by LEA Consulting Ltd., take into account other factors that could affect traffic, such as development applications, corridor growth, new pedestrian promenades, and planned transit improvements in the Ontario Line, Lake Shore West GO upgrades and SmartTrack stations. Ford’s government has signalled that reducing gridlock in Ontario’s biggest city is among its top priorities. In July one year early, and last month it took the extraordinary step of it claims are causing congestion on major Toronto thoroughfares. Asked whether the province was concerned the Ontario Place redevelopment could undermine those traffic-fighting efforts, Ash Milton, press secretary for Infrastructure Minister Kinga Surma, said in an email that the government “is ensuring that Ontario Place and the surrounding area will be served by numerous transport options, including the Ontario Line, which is part of the largest subway expansion in Canadian history.” “We will keep ensuring that residents and businesses in Toronto have the transport options they need as the population continues to grow,” Milton said. But Norm Di Pasquale, co-chair of , an advocacy group that opposes the province’s plan, said the report shows the Ontario Place plan would cause “an intense amount of traffic in downtown.” The premier “is manifesting the exact thing that he is saying he is trying to avoid,” argued Di Pasquale. He said that the Ford government’s and relocate the Ontario Science Centre from Flemingdon Park would be major drivers of the worsening congestion. Di Pasquale, whose group has previously criticized the redevelopment over its cost to taxpayers and impact on public space, said the traffic data is further evidence that “this is ultimately the wrong site for both the mega spa and the Ontario Science Centre.” City staff produced the traffic analysis in response to a motion from Deputy Mayor Ausma Malik (Ward 10, Spadina—Fort York) at June’s council meeting. It’s clear the transportation impacts of the province’s proposal “had not been properly considered,” Malik said in a statement Monday, and the new report shows “it will have significant impacts on an already busy corridor,” as well as on congested areas like Liberty Village. She said the Therme development does “not belong on our waterfront.” The report will be debated at Toronto and East York Community Council on Jan. 14, and is scheduled to go to city council the following month.
Vigil neuroscience CEO Ivana Magovcevic-Liebisch buys $11,700 in stock
( MENAFN - Mid-East Info) During the complicated situation caused by sanctions and global pandemic of COVID-19 the big e-commerce businesses in Iran created thousands of jobs and opportunities which can change the equation of the Economy of Iran. The global pandemic of Covid-19 started in 2019 made an unforeseen hard situation for all of the businesses all over the world including Iran and technology-based businesses were no exception. MENAFN15122024005446012082ID1108995336 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
A closer inspection of ash from burned rice hulls, the hard outer layer of rice grains, revealed a form of carbon that could nearly double the energy density of typical lithium-ion or sodium-ion batteries. This sustainable source of 'hard' carbon, which outperforms ordinary in battery electrodes, was discovered at the University of Michigan. This is the first demonstration of hard carbon made through combustion. It was previously thought hard carbon could only be made by heating biomass, such as agricultural waste, to about 1200°C (2200°F) in an oxygen-free environment like nitrogen or argon. Rather than importing graphite mined from China or Mexico, rice hull ash could provide a higher quality domestic material for making battery electrodes. The process is also more sustainable than producing graphite from biomass, which must be heated to 2000°C (3600°F) or higher—producing five to 10 tons of CO for every ton of battery-grade graphite. Although most rice hulls end up in landfills, burning rice hulls provides a source of electricity. Wadham Energy LP in the Sacramento Valley of California generates 200,000 megawatt-hours of electricity per year by burning the agricultural byproduct—enough energy to power about 22,000 homes. "The CO released while burning rice hulls comes from the same CO the rice plant took up from the atmosphere during photosynthesis, making the electricity produced green and carbon neutral," said Richard Laine, U-M professor of materials science and engineering and macromolecular science and engineering and corresponding author of the study recently in . With grown annually in the United States, there is plenty of room to scale up. In prior work, the research team demonstrated methods to partially remove the silica in rice hull ash which contains about 90% silica and 10% carbon. That silica can be used to produce used in solar cells or semiconductors. Once the silica is partially removed from the rice hull ash through a process called depolymerization, the remaining ash is about 60%-70% carbon. The leftover carbon was thought to be shapeless and disorganized, a material called amorphous carbon, based on the patterns made by X-rays shining through the material. However, spectroscopy techniques specialized for molecular-level detail revealed tiny islands of graphite that exist on the nanoscale (for scale, one nanometer is one billionth of a meter) within the amorphous carbon matrix. This blend of amorphous carbon dotted with graphite is called hard carbon. "Hard carbon can be produced by combustion in this case because as you burn away the carbon of rice hulls, you create a shell of silica around the remaining carbon and it bakes it like a pie," Laine said. When testing the electrochemical properties of hard carbon obtained from rice hull ash, it outperformed both commercial hard carbon and graphite as the anode of a lithium-ion battery, the point where charge flows out of the battery. A gram of commercial hard carbon accepts enough lithium to store about 500 milliampere-hours (mAh)—a unit of electrical charge often used to describe battery storage capacity. In contrast, a gram of graphite accepts about 370 mAh, meaning hard carbon batteries have about 50% higher energy density. Rice hull ash hard carbon exceeds both, with a storage capacity of more than 700 mAh—nearly double that of graphite. The nanoporous structure of the isolated hard carbon is thought to contribute to the increased lithium capacity. Turning into a valuable product, rice hull ash hard carbon can help meet the growing demand for batteries for use in and storing intermittent renewable energy while decreasing both cost and emissions. The team has applied for with the assistance of U-M Innovation Partnerships and is seeking partners to bring the technology to market. Karlsruhe Institute of Technology in Germany also participated in this research through co-author Sylvio Indris. Wadham Energy supplied the hull ash used in the research.AP News Summary at 4:14 p.m. ESTAmherst Town Council highlights
LAHAINA, Hawaii — Andrej Jakimovski converted an off-balance layup with 8 seconds left, and Colorado handed No. 2 UConn its second loss in two days at the Maui Invitational, beating the two-time defending national champion 73-72 on Tuesday. A day after a 99-97 overtime loss to Memphis that left Huskies coach Dan Hurley livid about the officiating, UConn (4-2) couldn’t shake the unranked Buffaloes (5-1), who shot 62.5% in the second half. With Colorado trailing 72-71 in the closing seconds, Jakimovski drove to his right and absorbed contact from UConn’s Liam McNeeley. He tossed the ball toward the glass and the shot was good as he fell to the floor. Hassan Diarra missed a 3-pointer just ahead of the buzzer for UConn. Elijah Malone and Julian Hammond III scored 16 points each for Colorado, and Jakimovski had 12 points and 10 rebounds. The Huskies led 40-32 at halftime and by nine points early in the second half, but Colorado quickly closed that gap. McNeeley led UConn with 20 points. UConn: Hurley’s squad is facing its first adversity in quite a while. The Huskies arrived on Maui with a 17-game winning streak that dated to February. Colorado: The Buffaloes were held to season lows in points (56) and field goal percentage (37%) in a 16-point loss to Michigan State on Monday but shot 51.1% overall and 56.3% (9 of 16) from 3-point range against the Huskies. Hurley called timeout to set up the Huskies’ final possession, but the Buffs forced them to take a contested 3. Colorado had a 28-26 rebounding advantage after being out-rebounded 42-29 by Michigan State. Colorado will play the Iowa-Dayton winner in the fifth-place game on Wednesday. UConn will play the loser of that matchup in the seventh-place game. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball .lambada/E+ via Getty Images Introduction Amid fears of potential disintermediation by autonomous vehicles [robotaxis], Uber Technologies, Inc. ( NYSE: UBER ) stock has tumbled by more than 30% off its October 2024 highs in a matter of weeks: While headlines such as Want More Asymmetric Investment Ideas? To help supercharge our members' journey to financial freedom, we publish TQI's Asymmetric Ideas Series at " The Quantamental Investor ", with each stock pick targeting 50-100% return in 1-3 years. Since its launch in April 2023, TQI’s Asymmetric Ideas Series has grown to 20 Picks, with the average return for these ideas standing at +63% as of writing on 14th December 2024. If you’d like for TQI’s Asymmetric Ideas Series to be delivered right to your inbox every month, join TQI Basic or Full Access now. "We're in an asset bubble, and TQI can help you navigate it profitably" I am Ahan Vashi, a seasoned investor with professional background in equity research, private equity, and software engineering. I currently serve as the Chief Financial Engineer at The Quantamental Investor , a community pursuing financial freedom through bold, active investing with proactive risk management. TQI was established in July 2022 with a singular mission to make investing simple, fun, and profitable for all investors. In alignment with this mission, we publish premium equity research reports on Seeking Alpha - research library - performance tracker . However, there's a lot more on offer within our investing group - features include highly-concentrated, risk-optimized model portfolios that meet investor needs across different stages of the investor lifecycle, access to proprietary software tools, and group chats. Learn more In addition to our work on SeekingAlpha, we publish best-in-class investing tidbits and research insights at TQI Tidbits [free newsletter], Twitter , and LinkedIn . Follow for more investing content. Analyst’s Disclosure: I/we have a beneficial long position in the shares of UBER either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
3 Market-Beating Tech Stocks to Supercharge Your Portfolio in 2025 and BeyondOn Football analyzes the biggest topics in the NFL from week to week. For more On Football analysis, head here . Saquon Barkley has become the Shohei Ohtani of the NFL. There’s no better home run hitter playing football right now. Barkley had touchdown runs of 72 and 70 yards for the Philadelphia Eagles in a 37-20 victory over the Los Angeles Rams on Sunday night. He now has five runs of 50-plus yards this season and is on pace to break Eric Dickerson’s single-season record of 2,105 yards set in 1984. Barkley’s historic performance against the Rams — his 255 yards set a team record — captivated a national audience and turned him into a fan favorite for the AP NFL MVP award. He’s not the betting favorite, however. Josh Allen has the best odds at plus-150, according to Bet MGM Sportsbook. Two-time MVP Lamar Jackson is next at plus-250 followed by Barkley at plus-400. Running backs have won the award 18 times, including three-time winner Jim Brown, who was the AP’s first NFL MVP in 1957. Quarterbacks have dominated the award, winning it 45 times. Only three players who weren’t QBs or RBs have been MVP. It takes a special season for a non-QB to win it mainly because the offense goes through the signal caller. Quarterbacks handle the ball every offensive snap, run the show and get the credit when things go well and the blame when it doesn’t. Adrian Peterson was the most recent non-QB to win it when he ran for 2,097 yards and 12 touchdowns for the Minnesota Vikings in 2012. Playing for a winning team matters, too. Nine of the past 11 winners played for a No. 1 seed with the other two winners on a No. 2 seed. The Vikings earned the sixth seed when Pederson was MVP. Barkley is a major reason why the Eagles (9-2) are leading the NFC East and only trail Detroit (10-1) by one game for the top spot in the conference. Does he have a realistic chance to win the MVP award? Kicker Mark Moseley was the MVP in the strike-shortened 1982 season when he made 20 of 21 field goals and 16 of 19 extra points in nine games for Washington. If voters once selected a kicker, everyone has a chance, especially a game-changer such as Barkley. Defensive tackle Alan Page was the MVP in 1971 and linebacker Lawrence Taylor won it in 1986. Story continues below video Running back Christian McCaffrey finished third in voting last year and wide receiver Justin Jefferson placed fifth in 2022. The Offensive Player of the Year award and Defensive Player of the Year award recognize the best all-around players on both sides of the ball, allowing voters to recognize non-QBs if they choose. Wide receivers and running backs have won the AP OPOY award seven times over the past 11 seasons. McCaffrey was the 2023 winner. The AP’s new voting format introduced in 2022 also gives non-QBs a better opportunity to get MVP recognition. Voter submit their top five picks for each award, with a weighted point system. Previously, voters made one choice for each award. A nationwide panel of 50 media members who regularly cover the league vote for MVP and seven other awards. The awards are based on regular-season performance. The Chiefs (10-1) and Bills (9-2) already are in position to lock up postseason berths right after Thanksgiving. Kansas City clinches a playoff berth with a win over Las Vegas on Black Friday and a loss by Miami on Thursday night, or a win plus a loss by Denver on Monday night. Buffalo can wrap up a fifth straight AFC East title with a victory over San Francisco on Sunday and a loss by the Dolphins. It’s not a given that the Dallas Cowboys will be looking for a new head coach after this season. Owner Jerry Jones said Tuesday on local radio that Mike McCarthy could end up getting a contract extension. “I don’t think that’s crazy at all. This is a Super Bowl-winning coach. Mike McCarthy has been there and done that. He has great ideas. We got a lot of football left,” Jones said. McCarthy led the Cowboys (4-7) to three straight 12-win seasons, but they went 1-3 in the playoffs and haven’t reached the NFC championship game since winning the Super Bowl 29 years ago. Injuries have contributed to the team’s struggles this season, but Dallas was just 3-5 before Dak Prescott was lost for the rest of the season. The Cowboys upset Washington last week and their next four games are against teams that currently have losing records. If they somehow end up 9-8 or even 8-9, Jones could make a case for keeping McCarthy. AP NFL: https://apnews.com/hub/nflAmherst Town Council highlights
Hoda Kotb isn’t leaving her ex out of holiday celebrations. Two years after the Today show host and Joel Schiffman —who share daughters Haley , 7, and Hope , 5—called off their engagement following an eight-year relationship, she subtly proved he remains integral to their family. In a post the 60-year-old shared to Instagram Dec. 22 , she included a snap of some of the family’s stockings hung above the fireplace—including nods for her and her daughters, her sister Hala Kotb , and one for her mother, whom her daughters called “Teta,” as well as another for “Dad” Joel. Hoda wrote alongside the festive photo, “It’s all happening! Merry Everything!!” And elsewhere in the post, Hoda—who announced her divorce from Joel in 2022, noting the former couple would continue to coparent—included snaps of her daughters enjoying time out in the snow. The television personality’s glimpse into her quality Christmas time with her daughters comes a little over three months after she announced she’d be leaving the Today show in order to spend more time with her family. “I realized that it was time for me to turn the page at 60, and to try something new," she explained during the announcement of her departure in September . “I remembered standing outside looking at these beautiful bunch of people with these gorgeous signs, and I thought, 'This is what the top of the wave feels like for me.' And I thought it can't get better, and I decided that this is the right time for me to kind of move on.” Indeed, Hoda noted that her new life chapter will prioritize spending time with her kids at their home outside of New York City. "Obviously I had my kiddos late in life, and I was thinking that they deserve a bigger piece of my time pie that I have,” she added. “I feel like we only have a finite amount of time.” Hoda—whose last day of Today will be Jan. 10—has spoken out before on becoming a mom later in life when she adopted her two daughters alongside Joel in 2017 and 2019. And the news anchor has emphasized that having her daughters in her life have changed “everything” in her life—for the better. As she told Ellen DeGeneres during a 2018 appearance on her talk show, “ I would take my worst day, the day when everything's falling apart, since Haley, over my favorite day before.” Keep reading for more moments from Hoda and Joel’s sweet family. Halloween 2024 After announcing she's leaving Today , Hoda celebrates her first Halloween in the New York suburbs with her kids. Cheer-Worthy Haley and Hope match in cheerleader costumes. Hoda got emotional as Haley and Hope surprised her with an early Mother's Day gift. Joined by her siblings Hala and Adel , nieces Hannah and Ella , mom Sami , daughters Haley Joy and Hope Catherine and fiancé Joel Schiffman , Hoda Kotb described the celebration as "my kinda birthday." Hoda enjoys a day with her daughters Haley Joy and Hope Catherine around New York City together. Another Halloween in the books! Hoda and her first daughter spend their another Halloween together as their Sesame Street alter egos. The Today show momma spends time with her own mom (and Haley's grandma!) in this cute group shot on Halloween 2019. The host shared this pic of her and her little one at a Sesame Street party in Oct. 2019. The daytime talk show host spends a day splashing around the beach in Aug. 2019. Haley Joy looks cute as a button celebrating her mom's 55th birthday this past August. "Look who is feeding Hope!" Kotb wrote on her Instagram in May 2019, showing off Haley feeding her newborn Hope. Kathie Lee Gifford , Hoda's close friend and long-time former co-host at Today , met Hope in early May and they were all smiles all day. In April, the 55-year-old host shared a photo of her full family for the first time on Instagram writing, "This is us xo." It's a girl! Hoda introduced Hope to the world after surprising her Today show family on-air revealing that she had secretly adopted her second child. On Valentine's Day, the TV host celebrated Haley's second birthday and shared on Instagram how she felt saying, "So much love today." The beaming TV personality spent Christmas with her mother, sister and daughter. Haley celebrated her second Halloween by twinning with her mom in matching bee costumes. In August of 2018, the mother-daughter duo spent an autumn day together picking apples. "I can't believe I get to do this .. #grateful" she wrote on her 54th birthday. On Mother's Day, Today co-anchor Hoda posed with her one-year-old cutie, Haley, as she sported a cute tee with the word "mama." "Pre dawn photo shoots in bed are a blast," gushed the happy mom in a cute Insta selfie early on Mother's Day. On March 2018, the Oklahoma-native celebrated partner Joel Schiffman 's 60th birthday with their baby girl and a homemade cake. "Home!!!!!" announced the TV host on Instagram after spending two weeks covering the 2018 Winter Olympics in Pyeongchang, South Korea. The day before arriving in Pyeongchang for the 2018 Winter Olympics, the TV personality had some fun with her little sweetheart and her USA beanie. Gooo Saints! Hoda and her little sport's fan cheered on the New Orleans Saints in their game against the Minnesota Vikings on January 14. "Santa we are ready!!!" the journalist wrote on this Christmas selfie with her mom, her partner and her little angel. On November 23, Hoda posed with her partner and her baby girl for the Macy's Thanksgiving Day Parade. For her first Halloween , Haley wore an adorable bunny costume as she enjoyed trick-or-treating in a stroller driven by her mom and her mom's long-term boyfriend. On October 26, Hoda dressed Haley in a jack-o-lantern costume writing on Instagram, "I couldn't wait !!" During a Labor Day weekend beach trip, Hoda snapped a selfie with six-month-old Haley and the rest of the family, including her mom (left), sister (top right) and brother (right).NEW YORK , Dec. 15, 2024 /PRNewswire/ -- The global home and office paper shredders market size is estimated to grow by USD 1.42 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 9.06% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered End-user (Commercial and Residential), Product (Cross-cut, Micro-cut, and Strip-cut), and Geography (North America, APAC, Europe, South America, and Middle East and Africa) Key Companies Covered ACCO Brands Corp., Aditya Systems, Arihant Maxsell Technologies Pvt. Ltd., Aurora Corp. Of America, AVANTI Business Machines Ltd., Bonsen Electronics Ltd., Dahle North America Inc., Elcoman Srl, Fellowes Inc., Fornnax Technology Pvt Ltd., HSM GmbH plus Co. KG, intimus International GmbH, Jiangsu Golden Hi-tech Digital Co. Ltd., Krug and Priester GmbH and Co. KG, Martin Yale Industries, Mitsui Matsushima Holdings Co., Ltd., Raj Electricals, Royal Consumer Information Products, SHREDDERS and SHREDDING CO., and Staples Inc. Regions Covered North America, APAC, Europe, South America, and Middle East and Africa Region Outlook 1. North America - APAC is estimated to contribute 43%. To the growth of the global market. The Home And Office Paper Shredders Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The Home and Office Paper Shredders market in North America is currently the largest market globally. This dominance is attributed to the increasing consumer awareness, well-established business infrastructure, and the presence of several key players in the region. The US is the major contributor to this market, driven by technological advancements, product innovations, and differentiation. Notable vendors, such as Fellowes Brands , ACCO Brands, Swingline, and Aurora Corp. Of America, are introducing new and innovative products, significantly contributing to the market growth in North America . For more insights on North America's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The commercial sector's reliance on paper shredders for document security is significant. Factors such as high shredding volume and frequency, nature of confidential data, and regulatory compliance drive this demand. Paper shredders are essential equipment in offices, providing document security, workspace cleanliness, and waste disposal. Despite the increasing digitization trend, the paper shredder market is witnessing steady growth due to the importance of physical document security in the face of cyber threats. In regions like North America and Europe , where electronic products are prevalent, the paper shredder market continues to expand, ensuring the safe disposal of sensitive documents remains a priority. Research Analysis The Home and Office Paper Shredders market refers to the demand for electronic equipment designed to shred confidential documents into tiny pieces for secure disposal. With the increasing awareness of data security and environmental protection, the market for these shredding machines has seen significant growth. Bin capacity varies from small portable shredders to industrial-grade models. The shredding process helps protect sensitive data and confidential papers, including personnel records and financial information, from falling into the wrong hands. The carbon footprint of paper shredders is a concern, but advancements in technology are leading to more energy-efficient models. Consumption volumes are high among government agencies, small enterprises, private groups, and individuals. The shutdown of offices and reduction of commerce due to the pandemic have led to an increase in the demand for paper shredders. Smart features and automation, such as sensor systems and volume information, are becoming increasingly popular. The market offers a range of shredding techniques, including strip cut, which ensures thorough destruction of documents. Market Overview The Home and Office Paper Shredders market refers to the demand for electronic equipment designed to shred confidential documents, sensitive data, and other paper waste. With the increasing concern for data security and environmental protection, the market for paper shredders has seen significant growth. Bin capacity varies from small portable shredders for home use to industrial-grade machines for commercial usage sectors. Paper shredders use different techniques such as Strip Cut, Cross Cut, and Micro Cut to ensure thorough destruction of documents. Consumption volumes are driven by various sectors including government agencies, small enterprises, private groups, and individuals. The market caters to various industries such as banks, financial organizations, healthcare institutions, educational institutions, retailers, customer service industry, and more. The market also includes shredders for CDs, DVDs, loyalty cards, credit cards, and magnetic tapes. With advancements in technology, smart features and automation are becoming increasingly popular, including sensor systems and volume information. The reduction of commerce due to shutdowns and the shift towards soft copy preferences have also influenced the market. The working population and retail networks, as well as online platforms, are significant consumers of paper shredders. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/home-and-office-paper-shredders-market--43-of-growth-to-originate-from-apac-technavio-302331347.html SOURCE Technavio
WASHINGTON — Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition. Public companies are under a lot more scrutiny and if private, the Nordstrom may have more leeway in reviving a department store chain that has been attempting to reinvigorate sales for years. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, or about $4 billion in all, representing a 42% premium on the company's stock as of March 18, when reports of a potential transaction was reported by the media. The acquiring group will also pick up more than $2 billion in Nordstrom debt. The traditional department stores have suffered in the face of withering competition from giants like Walmart and Target, as well as a host of fast-fashion bands and Amazon.com. Nordstrom rivals Macy's and Kohl's have been pressured by major investors to make huge changes in order to return more profit to shareholders. Sales at Nordstrom have essentially flatlined over the past decade or so and it announced last year that it was closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country. Nordstrom first announced plans to expand to Canada in 2012 and opened its first store in Calgary at CF Chinook Centre in September 2014. The offer announced Monday tops the previous $23-per-share bid that the Nordstrom family and Mexican retail group, El Puerto de Liverpool, made in September. The board also plans to authorize a special dividend of up to 25 cents per share, based on Nordstrom’s cash on hand immediately prior to and contingent on the close of the transaction. The deal is expected to close in the first half of 2025, at which time the company's shares will no longer trade publicly. “While a change in ownership does not automatically remedy all of the problems with the department store operation, it will allow the family and their backers to take a long-term view of the business and make necessary investments and changes away from the short-term scrutiny of public markets,” wrote Neil Saunders, Managing Director of GlobalData, in a note to clients. Nordstrom’s board of directors unanimously approved the the proposed transaction, with members Erik and Pete Nordstrom, part of the Nordstrom family taking over the company — recusing themselves from that vote. Following the close of the transaction, the Nordstrom family will have a majority ownership stake in the company. Erik and Pete Nordstrom are the fourth-generation leadership at the Seattle retailer, which was founded in 1901 as a shoe store. Erik is the company’s chief executive and Peter is president. After opening 23 new stores so far this year, the company now operates a combined 381 Nordstrom and Nordstrom Rack stores in the U.S. Nordstrom shares fell about 1.5% Monday, but they are up 34% this year on rumors of a family takeover. The company's stock is still down considerably from post-pandemic highs above $40 per share. In May of this year, Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale national brand, died at age 90 . He was one of several Nordstrom family members who in 2017 made a push to take the company private, proposing to buy out the 70% of the department store’s stock they didn’t already own. Those talks failed in 2018 but earlier this year, his sons started another series of buyout negotiations , leading to Monday's announcement.LIMA, Peru--(BUSINESS WIRE)--Dec 23, 2024-- DP World , a global leader in logistics and supply chain solutions, has reinforced the Port of Callao’s reputation as the leading maritime gateway on the Pacific West Coast by welcoming the Kota Eagle, one of Pacific International Lines’ (PIL) largest and most advanced container ships. Measuring over 335 meters in length, the vessel is powered entirely by Liquefied Natural Gas (LNG), a cleaner and more environmentally friendly alternative to conventional maritime fuels. The Kota Eagle embarked on its journey from Ningbo, China, making stops in Shanghai; Manzanillo, Mexico; Lázaro Cárdenas, Mexico; and Quetzal, Guatemala before arriving at DP World Callao’s recently inaugurated Bicentennial Pier. This state-of-the-art facility, which has increased the terminal’s capacity by 80%, enables the port to accommodate large vessels like the Kota Eagle. The ship arrived laden with goods for Peru’s Christmas season, including toys, LED lights, apparel, footwear, home décor, tires, ceramics, and office supplies. Carlos Merino, CEO of DP World in Ecuador, Colombia and Peru, said: “We’re thrilled to welcome the Kota Eagle to Peru. Its arrival marks a significant milestone, showcasing our enhanced capacity at the Bicentennial Pier and our commitment to supporting cleaner, greener logistics solutions. This modern vessel not only represents a leap forward in shipping technology but also strengthens our strategic partnership with PIL, which has been a key ally since 2014.” After its stop in Callao, the Kota Eagle will continue its route, transporting Peruvian exports such as flagship agricultural and manufactured goods to key destinations across Asia, including Guayaquil, Ecuador; Manzanillo; Busan, Korea; Kaohsiung, Taiwan; Shekou, China; Hong Kong; and Ningbo. As part of its mission to drive economic growth and strengthen Peru's position in global trade, DP World continues to invest in the country, playing a critical role in bolstering Peru's foreign trade. With the arrival of the Kota Eagle, DP World Callao not only celebrates a significant step in sustainable shipping but also underscores its leadership as a critical hub connecting Asia and Latin America. About DP World Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. With a dedicated, diverse and professional team of more than 114,000 employees from 162 nationalities, spanning 78 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future. We’re rapidly transforming and integrating our businesses -- Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades. What's more, we're reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door. WE MAKE TRADE FLOW TO CHANGE WHAT'S POSSIBLE FOR EVERYONE. View source version on businesswire.com : https://www.businesswire.com/news/home/20241223684728/en/ CONTACT: DP World Americas Media Contact: Melina Vissat, Head of Communications M: (+1) 704-605-6159 E:melina.vissat@dpworld.com KEYWORD: LATIN AMERICA PERU SOUTH AMERICA ASIA PACIFIC INDUSTRY KEYWORD: DELIVERY SERVICES RETAIL MARITIME OTHER RETAIL LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT OTHER TRANSPORT SOURCE: DP World Copyright Business Wire 2024. PUB: 12/23/2024 01:00 PM/DISC: 12/23/2024 01:02 PM http://www.businesswire.com/news/home/20241223684728/en
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