Commercial Business – Tarocchi Amore http://tarocchiamore.net/ Mon, 19 Sep 2022 13:49:13 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://tarocchiamore.net/wp-content/uploads/2021/08/default.png Commercial Business – Tarocchi Amore http://tarocchiamore.net/ 32 32 Planet Announces New Hyperspectral Offering Details https://tarocchiamore.net/planet-announces-new-hyperspectral-offering-details/ Mon, 19 Sep 2022 13:06:07 +0000 https://tarocchiamore.net/planet-announces-new-hyperspectral-offering-details/ Today, we’re excited to announce new details about our hyperspectral constellation, which is being brought to market through a first-of-its-kind public-private partnership with the Coalition of Carbon Mappers. These future hyperspectral satellites will be named Tangara, a family of colorful and visually diverse birds in Central and South America, and are designed to provide hyperspectral […]]]>

Today, we’re excited to announce new details about our hyperspectral constellation, which is being brought to market through a first-of-its-kind public-private partnership with the Coalition of Carbon Mappers. These future hyperspectral satellites will be named Tangara, a family of colorful and visually diverse birds in Central and South America, and are designed to provide hyperspectral data at 30 meter resolution with over 400 spectral bands.

In combination with our existing medium (3 to 5 meter resolution, Dove) and high resolution (<1 meter resolution, SkySat and future Pelican) constellations, the hyperspectral data provided by the Tanager satellites aims to complement and enhance our ensemble. unprecedented data. Tanager is a family of birds that, like our planet, are at risk of extinction unless we take concrete, data-based action to protect ecosystems and resources. By helping to identify the spectral "signatures" of chemicals, materials and processes around the world, hyperspectral data can reveal otherwise hidden trends and could fill intelligence gaps and mitigate risk by exposing these challenges to decision makers.

Hyperspectral imaging offers a wide range of spectral information because it divides the spectrum into a multitude of spectral bands, allowing analysts to examine phenomena in many differentiated colors that are generally beyond human visual perception. The goal of our hyperspectral offering is to help clients reveal social, environmental and climate risks in unprecedented detail and demonstrates our commitment to preserving biodiversity and accelerating action on climate change as part of the Carbon Mapper Coalition. KNEW Center for Global Discovery and Conservation Science will also play a key role in the Carbon Mapper mission by performing additional scientific research on hyperspectral applications.

With plans to launch the first two Tangara Satellites in 2023, hyperspectral data holds immense potential to support applications in sectors such as agriculture, defense and intelligence, energy, civil government and mining. The genesis of the Carbon Mapper initiative grew out of a need to use high-quality hyperspectral data to locate point sources of facility-scale methane emissions to support mitigation actions. As part of the coalition, we remain committed to the public interest mission of identifying, quantifying and tracking point-in-time emissions of methane and CO2, while leveraging other applications of technology enabled by hyperspectral data to provide additional value to its customers.

In addition to offering methane and CO2 signatures, our hyperspectral business offering aims to provide customers with data for dozens of other applications and environmental indicators needed to closely monitor the health of the planet. The satellites’ hyperspectral sensor technology, developed by the NASA Jet Propulsion Laboratory (NASA JPL), will provide 30m resolution and a full spectral range of shortwave infrared and high-precision 5nm wide bands; this hyperspectral offering is designed to help organizations understand changes on land and sea, from coastal areas to forests to urban areas and more.

As influential leaders meet this week to discuss a range of topics from the impact of infrastructure and buildings on our environment to how global food industries can reduce greenhouse gas emissions to the importance of preserving and to restore the Earth’s ecosystems and biodiversity – it’s more critical than ever that businesses innovate and governments implement effective policies. These parties need targeted and actionable information as quickly as possible and hyperspectral data can provide this critical intelligence layer. Sign up to receive updates on Planet’s hyperspectral business offering here.

Forward-looking statements

Except for historical information contained in this press release, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including including, but not limited to, the ability to successfully design, build, launch and deploy, operate and commercialize new products and satellites and the Company’s ability to realize all potential benefits from product and satellite launches, either as designed, on schedule, in a cost effective manner, or not at all. Forward-looking statements are based on the beliefs of the company’s management, as well as assumptions made by management and information currently available to it. Because these statements are based on expectations about future events and results and are not statements of fact, actual results may differ materially from those projected. Factors that could cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to obtain and maintain required licenses and approvals from regulatory agencies, such as the Federal Communications Commission (FCC), in a timely manner, or not at all; whether the Company will be able to successfully build, launch and deploy or operate its satellites, including new satellites as designed, on a timely basis or at all; the Company’s ability to develop and release product and service enhancements to respond to rapid technological change or to develop new designs and technologies for its satellites in a timely and cost-effective manner; whether the Company will be able to continue to invest in scaling its commercial organization, expanding its software engineering (including its ability to integrate new satellite capabilities) and its marketing capabilities; whether the Company will be able to accurately predict and seize market opportunities; whether current or potential customers adopt the Company’s platform or new products; the Company’s ability to realize the potential benefits of new products and satellites, as well as strategic partnerships and customer collaborations; and the risk factors and other information about the Company and its business included in the Company’s periodic reports, proxy statements and other disclosure materials filed from time to time with the Securities and Exchange Commission (SEC) which are available online at www.sec. gov, and on the Company’s website at www.planet.com. All forward-looking statements reflect the Company’s beliefs and assumptions only as of the date such statements are made. The Company undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

]]>
Voss supports strategic review at Griffon. An opportunity to create value may emerge https://tarocchiamore.net/voss-supports-strategic-review-at-griffon-an-opportunity-to-create-value-may-emerge/ Sat, 17 Sep 2022 12:59:48 +0000 https://tarocchiamore.net/voss-supports-strategic-review-at-griffon-an-opportunity-to-create-value-may-emerge/ Artistgndphotography | E+ | Getty Images Company: Griffon (GFF) Company: Griffon operates through two segments. Consumer and Professional Products (“CPP”) conducts business through AMES. Founded in 1774, AMES is North America’s premier manufacturer and global supplier of branded consumer and professional tools and products for home storage and organization, landscaping, and lifestyle improvement. outdoor living. […]]]>

Artistgndphotography | E+ | Getty Images

Company: Griffon (GFF)

Activist: Voss Capital

Percentage of ownership: 5.17%

Average cost: $25.91

Activist Comment: Voss is a Houston-based hedge fund that focuses on low-track special situations. They are not traditional activists, but they have successfully used activism as a tool in the past.

What is happening?

On August 15th, Voss expressed support for Griffon’s announcement in May 2022 that the board has initiated a review of strategic alternatives, including a possible sale, merger, divestiture, recapitalization or other strategic transaction. Earlier, at the company’s annual meeting, Voss began a proxy contest and successfully won a board seat for HC Charles Diao, one of two nominees for Voss’ directorship.

In the wings

Voss said for the first time to hold Griffon in their Q3 2021 Filing 13F. On November 23, 2021before exceeding 5% ownership, he nominated three directors for election to the board and later narrowed his slate to two directors.

Throughout their proxy fight, the company has issued letters and presentations detailing its belief that Griffon has poor corporate governance and excessive executive compensation, and that the company should begin a strategic review. In a January 2022 presentation, he said Griffon stock could be worth $50/share (it’s currently in the $30 range) through the implementation of a plan that includes (i) selling defense electronics business, (ii) exploring alternatives for Home and Building Products, (iii) using cash to reduce debt and pay a special dividend, (iv) adjusting general business and (v) improve Consumer segment margins. Voss also criticized Griffon’s mergers and acquisitions strategy, specifically pointing to its disapproval of company acquisition of Hunter Fan for $845 million from MidOcean Partners. Ultimately, at the 2022 Annual Meetingshareholders elected one of Voss’ director candidates, HC Charles Diao, to the board where he is currently a director.

Fast forward six months: Voss has now increased its stake from 2.3% to 5.2% today. In its 13D filing, the company states that it is “satisfied with the issuer’s announcement in May 2022 that the board had initiated a process to review a full range of strategic alternatives to maximize shareholder value, including a sale, merger, divestiture, recapitalization or other strategic transaction.” Voss then noted that she had increased her investment hoping that the strategic review would lead to a transaction that unlocked value.

So the hardest part is done. Voss launched a proxy fight, won a seat on the board and now approves the company’s strategic review. From Griffin sold its defense electronics business earlier this year for $330 million, the strategic focus is likely focused on a potential sale of the Home and Building Products business.

This is not the first time that Voss has done a strategic thesis in a holding company. In their 13D on Benefytt Technologies filed in December 2019they highlighted the company’s strategic opportunities and active M&A environment in this space – Benefytt Technologies was acquired by Madison Dearborn Partners in August 2020. Also in January 2020Voss filed a 13D on Rosetta Stone with no Element 4 language, but the company was acquired by Cambium Learning on October 15, 2020.

There are several reasons to expect that a strategic transaction is likely to take place here: (a) the presence of Voss in the boardroom, (b) the company has already sold the business of defense electronics after Voss pleaded for it, and (c) the company announces that they are now pursuing further strategic review. Additionally, the next annual meeting of shareholders will be in February 2023 and for the first time, the Griffon will have a majority of directors (9 out of 14) up for election as they recently began the process of board declassification. So if the company doesn’t respond to Voss’s suggestions, the company could start another proxy battle for majority control this time.

Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and he is the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist investments 13D. Griffon is a participation in the fund. Squire is also the creator of the AESG™ investment category, an activist style of investing focused on improving the ESG practices of portfolio companies.

]]>
The Best Commercial Roofing Company in the Walnut Creek and San Francisco Areas https://tarocchiamore.net/the-best-commercial-roofing-company-in-the-walnut-creek-and-san-francisco-areas/ Thu, 15 Sep 2022 21:46:11 +0000 https://tarocchiamore.net/the-best-commercial-roofing-company-in-the-walnut-creek-and-san-francisco-areas/ Apollo Roofing Company, the premier commercial roofing company with locations in Walnut Creek and San Francisco, explains the importance of proper commercial roof maintenance. (Walnut Creek, CA, August 2022) When business owners in the Greater Bay Area look for ways to cut their budgets, building maintenance sometimes takes a back seat. At Apollo Roofing Company, […]]]>

Apollo Roofing Company, the premier commercial roofing company with locations in Walnut Creek and San Francisco, explains the importance of proper commercial roof maintenance.

(Walnut Creek, CA, August 2022) When business owners in the Greater Bay Area look for ways to cut their budgets, building maintenance sometimes takes a back seat. At Apollo Roofing Company, we know this will end up costing you money in the long run.

If a commercial roof does not receive an annual maintenance inspection by a commercial roofer, a company may have a surprise leak. Nothing puts off retail customers faster than running into a cone in the middle of the aisle, preventing them from stepping into a puddle. And every business owner knows that a wet floor exposes them to lawsuits in the event of a fall.

A business owner who owns a manufacturing plant is in even more danger if the roof of the building is not properly maintained. Expensive manufacturing machinery can get wet and damaged. If their product is an edible product, the business owner loses a lot of profit when they have to throw away a lot. Even if the business is just a small office, the computers can be destroyed if the roof leaks.

Rather than losing money, business owners need a commercial roof repair contractor who can prevent this from happening. Apollo Roofing Company will perform a thorough inspection of the commercial roof to see if the business owner needs repairs or needs an entirely new roof.

After the commercial roof inspection, Apollo Roofing Company project managers will sit down with the business owner to figure out the best way to stop the leaks without spending too much money.

About Apollo Roofing Company

Apollo Roofing Company has been providing top quality roofing repairs and installations to satisfied commercial and residential customers for many years. We offer free inspections and free estimates to go along with our highest quality work.

Media Contact
Company Name: Apollo Roofing Company
Contact person: Shimon Elmadawi
E-mail: Send an email
Call: (925) 281-5504
Address:1515 Oakland Boulevard #140 #129
Town: Walnut Creek
State: California
Country: United States
Website: https://www.apolloroofingcompany.com/

]]>
Citigroup expects sale or IPO of its consumer business in Mexico next year https://tarocchiamore.net/citigroup-expects-sale-or-ipo-of-its-consumer-business-in-mexico-next-year/ Wed, 14 Sep 2022 01:13:00 +0000 https://tarocchiamore.net/citigroup-expects-sale-or-ipo-of-its-consumer-business-in-mexico-next-year/ The Citigroup Inc (Citi) logo is seen at the SIBOS banking and finance conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo Join now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 13 (Reuters) – Citigroup Inc (CN) plans to divest its Mexican consumer business through a sale or IPO that […]]]>

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and finance conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo

Join now for FREE unlimited access to Reuters.com

NEW YORK, Sept 13 (Reuters) – Citigroup Inc (CN) plans to divest its Mexican consumer business through a sale or IPO that could take place next year, its chief financial officer said on Tuesday.

“We’re going to make sure we get the best value through an alternative sale or exit, IPO or whatever it takes,” said CFO Mark Mason at a Barclays investor conference.

In January, Citi announced it would exit Mexico as part of a plan to bring the group’s profitability and share price performance in line with its peers. Read more

Join now for FREE unlimited access to Reuters.com

Mexico is one of 14 consumer markets Citigroup is trying to exit.

Bidders for the asset dwindled after Santander (SAN.MC) said in July that it had pulled out of the race after submitting a non-binding bid earlier in the year. Read more

In late July, Grupo Financiero Inbursa said it was still interested in buying Citigroup’s Mexican retail business and was inviting other business partners to join its bid. Read more

In Russia, Citi, the largest Wall Street bank to have a presence in the country, has decided to end its local consumer and commercial business there instead of a sale.

Join now for FREE unlimited access to Reuters.com

Reporting by Saeed Azhar and Manya Saini; Editing by Richard Pullin

Our standards: The Thomson Reuters Trust Principles.

]]>
Electronic auction of 10 commercial coal mines to start on Tuesday https://tarocchiamore.net/electronic-auction-of-10-commercial-coal-mines-to-start-on-tuesday/ Mon, 12 Sep 2022 13:31:39 +0000 https://tarocchiamore.net/electronic-auction-of-10-commercial-coal-mines-to-start-on-tuesday/ Up to eight coal mines will be auctioned on September 13 and two on September 14. The total peak capacity of the auctioned mines is 39.31 million tonnes per year. The Ministry of Coal has completed the technical evaluation of bids for commercial mining and the electronic auction process will be launched tomorrow, it said […]]]>

Up to eight coal mines will be auctioned on September 13 and two on September 14. The total peak capacity of the auctioned mines is 39.31 million tonnes per year.

The Ministry of Coal has completed the technical evaluation of bids for commercial mining and the electronic auction process will be launched tomorrow, it said in a statement.
“The Ministry of Coal had issued a tender for coal mines for commercial coal mining. The technical evaluation of bids has been completed and advance electronic auctions for 10 coal mines will be launched tomorrow,” the Ministry of Coal said in a press release.

Up to eight coal mines will be auctioned on September 13 and two on September 14. The total peak capacity of the auctioned mines is 39.31 million tonnes per year.

“The electronic auction for eight coal mines will take place on September 13 and for two coal mines on September 14, 2022. The total peak capacity (PRC) of the mines auctioned online is 39.31 million tonnes per an,” the statement adds.

The ministry has thus succeeded in auctioning 43 coal mines with GRP of 85.54 million tons per year.

The first round of auctions took place in June this year when the ministry launched a total of 38 offline bids across three commercial coal mine auction rounds.

Union Coal, Mines and Parliamentary Affairs Minister Pralhad Joshi said in August that in the near future more than 107 blocks of coal will be auctioned by the ministry.

]]>
Business opportunities, current trends and industry analysis by 2022 ââ?¬â?? 2028 https://tarocchiamore.net/business-opportunities-current-trends-and-industry-analysis-by-2022-a%c2%a2a%c2%aca-2028/ Sat, 10 Sep 2022 14:15:37 +0000 https://tarocchiamore.net/business-opportunities-current-trends-and-industry-analysis-by-2022-a%c2%a2a%c2%aca-2028/ The Commercial Nursing Homes market overview is a compendium of critical information that dictate business growth between 2022 and 2028 based on competitiveness and regional scene. Furthermore, the paper explores the industry's quandaries and delivers insight into the possibilities that will enable private investments in structured and underexplored markets. Aside from that, […]]]>




The Commercial Nursing Homes market overview is a compendium of critical information that dictate business growth between 2022 and 2028 based on competitiveness and regional scene. Furthermore, the paper explores the industry's quandaries and delivers insight into the possibilities that will enable private investments in structured and underexplored markets. Aside from that, the study describes cases related to the COVID-19 pandemic to promote awareness among interested clients.

Key highlights from COVID-19 impact analysis:

  • Global COVID-19 situation and economic overview.
  • The impact of the COVID-19 pandemic on the industry space in the near and far future.
  • Risk assessment for growth strategies in a changing climate.

An overview of the regional landscape:

  • According to the report, the geographical scope of the commercial nursing home market involves North America, Europe, Asia-Pacific, South America, Middle East and Africa.
  • The growth rate of each region along with the overall market performance for the review period.
  • Revenue, revenue share, and revenue are estimated for each region.

Request a sample copy of this report @ https://www.newsorigins.com/request-sample/61288

Other Commercial Nursing Home Market Report Highlights:

  • The Commercial Nursing Home Market product landscape consists of
    • Full Day Babysitting and Escort

    .

  • Vital information about past and potential growth rate and production is included in the report.
  • In terms of specific applications, the industry is divided into
    • Old age
    • Post-operative recovery and others

    .

  • It assesses the consumption, value, and growth of each application throughout the study.
  • The competitive hierarchy of the Commercial Nursing Home industry is demonstrated by key players such as
    • Visit the Angels
    • Columbia Pacific Management Co.
    • Residence for the elderly emeritus
    • Watermark retirement communities
    • Inc.
    • Merrill Gardens
    • RIEI
    • Healthcare Services Company Inc.
    • APR
    • Coliseum
    • Lend-Lease
    • Home Taikang
    • Yihua Health Care
    • Hunan Development Group
    • Langgao Elderly Service
    • Ainong Senior Care Technology
    • Yada Senior Living Group and Shengquan Group

    .

  • Specific information about service offerings, products manufactured, revenue, pricing strategy and gross profit are mentioned.
  • The research performs a PEST assessment to provide current and new players with a better understanding of the state of the market.
  • The document specifically studies the “market entry strategy” section, where details on product messaging and positioning, product cost, consumer base, and distribution method are referenced.

FAQs-

  • What is the predicted growth rate for the Commercial Nursing Home Market during 2022-2028?
  • What are the notable applications of the Commercial Retirement Homes Market?
  • What is the commercial nursing home market product terrain?
  • Which regions are analyzed in the report?

Customization request for this report @ https://www.newsorigins.com/request-for-customization/61288

]]>
Cushman & Wakefield and Greystone Strengthen Joint Multi-Family Platform with Addition of Premier Financing Team in Denver | United States https://tarocchiamore.net/cushman-wakefield-and-greystone-strengthen-joint-multi-family-platform-with-addition-of-premier-financing-team-in-denver-united-states/ Thu, 08 Sep 2022 22:52:00 +0000 https://tarocchiamore.net/cushman-wakefield-and-greystone-strengthen-joint-multi-family-platform-with-addition-of-premier-financing-team-in-denver-united-states/ DENVER, Colorado – September 8, 2022 – Cushman & Wakefield, a leading global real estate services company, and Greystone Servicing Company LLC, a leading national commercial real estate finance company, jointly announced that an experienced equity, debt and structured finance (EDSF) led by Vice President Craig Branton, MS joined the companies in Denver, Colorado. Branton […]]]>

DENVER, Colorado – September 8, 2022 – Cushman & Wakefield, a leading global real estate services company, and Greystone Servicing Company LLC, a leading national commercial real estate finance company, jointly announced that an experienced equity, debt and structured finance (EDSF) led by Vice President Craig Branton, MS joined the companies in Denver, Colorado. Branton has extensive experience in commercial real estate lending and has been responsible for incurring debt in excess of $1 billion over his career.

Previously at CBRE, EDFF’s three-member team also includes director Chris Bourgeois and financial analyst Brett Brown. Working at both Cushman & Wakefield and Greystone Servicing Company LLC, the team will specialize in multi-family loan originations, providing financing solutions to commercial real estate investors and owners. Branton and the team will also focus on helping the joint venture grow. In December 2021, Cushman & Wakefield completed its $500 million strategic investment in Greystone, acquiring a 40% stake in Greystone’s agency, FHA and service businesses.

“We are delighted to welcome this high performing team led by Craig, whose extensive finance experience and exceptional track record in the industry will enhance our strong suite of EDSF and multi-family services. The strategic joint venture of Cushman & Wakefield and Greystone has created a platform of best-in-class advisory services and capital solutions to fully support our clients’ investment strategies,” said John O’Neill, President, US Multifamily Capital Markets at Cushman & Wakefield.

“It is a pleasure to welcome this first EDSF team to our offices in Denver. They are highly respected in our market and will add tremendous depth to the range and level of lending services we offer our clients,” added Steve Schwab, Managing Director for Colorado and Utah at Cushman & Wakefield.

“This new team in Denver represents a key step in growing our joint effort with Cushman & Wakefield to provide a range of capital markets solutions to real estate investors, particularly in a central market where we can add value in the multi-family sector,” said Chip Hudson, Executive Vice President and Head of Lending Platform, Greystone Agency.

In addition to his extensive experience in the multi-family sector, Branton’s work in commercial real estate has included industrial, retail, office, self-storage and parking properties. At CBRE, Branton was one of the top domestic producers in the loan business, as well as one of the top overall company production professionals in the Americas. Prior to CBRE, Branton was a director at Terrix Financial in Denver, where he was also a top producer.

Craig Branton said: “Cushman & Wakefield offers a preeminent full-service platform and being part of this beneficial joint venture with Greystone will provide our clients with direct access to Greystone’s agency loan products and will also enable the issuance of shares and debts through life insurance companies. , debt funds, regional and national banks and credit unions, and CMBS lenders.

Branton holds a master’s degree in real estate and construction management from the University of Denver Daniels College of Business. He also earned a bachelor’s degree in real estate from Arizona State University.

About Greystone
Greystone is a national, private commercial real estate finance company with an established reputation as a leader in multifamily and healthcare financing, having been ranked among the top FHA, Fannie Mae and Freddie Mac lenders in these sectors. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.

]]>
Stocks open flat on fears the Fed will continue aggressive rate hikes https://tarocchiamore.net/stocks-open-flat-on-fears-the-fed-will-continue-aggressive-rate-hikes/ Wed, 07 Sep 2022 13:36:00 +0000 https://tarocchiamore.net/stocks-open-flat-on-fears-the-fed-will-continue-aggressive-rate-hikes/ Stocks were flat on Wednesday as investors feared the Federal Reserve might make another big rate hike in September in a bid to rein in high inflation. The Dow Jones Industrial Average slipped 33 points. The S&P 500 gained 0.05%. The Nasdaq Composite rose 0.22%. Equity futures plunged into negative territory after a Suggested Wall […]]]>

Stocks were flat on Wednesday as investors feared the Federal Reserve might make another big rate hike in September in a bid to rein in high inflation.

The Dow Jones Industrial Average slipped 33 points. The S&P 500 gained 0.05%. The Nasdaq Composite rose 0.22%.

Equity futures plunged into negative territory after a Suggested Wall Street Journal article that Federal Reserve Chairman Jerome Powell’s pledge to reduce inflation could mean that the central bank raises rates by 0.75 percentage points in September, which would be the third consecutive increase of this magnitude. Markets had been hoping the Fed would start granting more modest increases from September, but are now pricing in an 86% chance of a 0.75 percentage point hike.

Shares added to their three-week slide on Tuesday. The Dow Jones fell about 173 points, or 0.5%, and the S&P 500 slipped 0.4%. The Nasdaq Composite fell 0.7% to record its first seven-day losing streak since 2016.

The moves came amid a surge in bond yields that saw the 10-year US Treasury yield hit its highest level since June. The 30-year Treasury rate closed at its highest level since 2014. Bond yields move inversely to prices. Rates fell slightly on Wednesday, with the 10-year trading at 3.321%. The 2-year and 30-year yields were trading at 3.47% and 3.472% respectively.

Investors are divided on how to approach the market as they enter the first post-Labor Day week in September, a notoriously cruel month for stocks. All eyes are on the 3,900 level of the S&P 500. Some see the index falling to even lower lows, while others are bullish on a year-end rally.

“With equities back to June lows and the rate path reset, further inflation easing as well as decisive EU government intervention to tackle the energy crisis could cause a further compression of the decline,” Barclays’ Emmanuel Cau wrote in a Wednesday note. “Overview, we think equities remain in a tough spot given a poor growth-policy trade-off.”

On Wednesday, the Federal Reserve will deliver its summary of current economic conditions, also known as beige book. Elsewhere, Fed Chairs Loretta Mester of Cleveland and Tom Barkin of Richmond, as well as Fed Vice Chair Lael Brainard, are expected to speak at various events.

]]>
Liz Truss’ likely chief of staff lobbied government on behalf of Libya’s parliament | Liz Truss https://tarocchiamore.net/liz-truss-likely-chief-of-staff-lobbied-government-on-behalf-of-libyas-parliament-liz-truss/ Mon, 05 Sep 2022 20:19:00 +0000 https://tarocchiamore.net/liz-truss-likely-chief-of-staff-lobbied-government-on-behalf-of-libyas-parliament-liz-truss/ Liz Truss’ co-campaign manager has lobbied the UK government on behalf of Libya’s controversial parliament and a company that won the biggest PPE contract of the pandemic via the VIP fast track. Mark Fullbrook, an ally of former Boris Johnson strategist Lynton Crosby, is set to enter Downing Street as Truss’ chief of staff after […]]]>

Liz Truss’ co-campaign manager has lobbied the UK government on behalf of Libya’s controversial parliament and a company that won the biggest PPE contract of the pandemic via the VIP fast track.

Mark Fullbrook, an ally of former Boris Johnson strategist Lynton Crosby, is set to enter Downing Street as Truss’ chief of staff after working on his campaign this summer.

The political consultant set up his own company, Fullbrook Strategies, this spring and has been lobbying the UK government ever since. Its clients included Libya’s House of Representatives, which twice tried to overthrow the UN-established government of national unity in Tripoli, and Sante Global, formerly Unispace Health, which won a contract for PPE of £680 million in 2020.

The parliament, which was last elected in 2014, is seen by some as an obstacle to democratic elections in Libya and is allied with the rival government in the east of the country, which is seeking recognition from the UK and others.

When the Libyan elections were postponed last year, the British diplomatic mission to Libya published a message on his Twitter account, saying that he continued to recognize the interim government of national unity “as the authority responsible for leading Libya to elections and that he did not approve of the establishment of parallel governments or institutions “.

Fullbrook Strategies also lobbied this year on behalf of Sante Global, formerly known as Unispace Health, which was one of the biggest beneficiaries of Covid contracts during the pandemic to the tune of £680m, although that it was previously a subsidiary of an Australian office design company. .

Unispace was referred to the VIP lane for fast-track Covid PPE offers from businesses, with the referral revealed to be from “GCF Covid-19 Investigations, Mailbox, Cabinet Office”.

In February, the Department of Health said Unispace Health, now Sante Global, had provided the NHS with £484million worth of PPE items from April 2020 to December 2021, adding: “We are working with the business on a commercial resolution for the remainder of the contract.” In June, the government said it had “put in place a contract break-up team to maximize the value obtained from personal protective equipment contracts”.

Chris Bryant, Labor MP and chairman of the standards committee, said Fullbrook should “clean up all financial and client interests over the past year before entering Downing Street”.

A spokesperson for the Truss campaign said: “All Fullbrook Strategies Ltd business clients are registered on the UK Lobbying Register. The company suspended business operations on August 31.

If he enters No 10 as a chief of staff or some other senior adviser role, he will need to declare his interests and receive guidance from the government’s property and ethics team on how to prevent any conflict. A Truss campaign source said Fullbrook did not lobby Truss while she was Foreign Secretary.

His company’s website now has a message that it no longer works. However, until recently, it boasted of having “the confidence of presidents, prime ministers and international trade leaders around the world”, while describing Crosby’s C|T Group as a cousin company.

Fullbrook Biography on the website described him as having advised politicians not just in the UK, “but from South America to Sri Lanka and across much of Africa and the Middle East”.

“As a recognized campaigner and expert strategist, Boris Johnson personally asked him to lead his campaign to become Prime Minister of the United Kingdom in June 2019. This led to Boris becoming Prime Minister of the United Kingdom,” he said. he declares.

“Others he has advised range from former Speaker of the United States House of Representatives, Newt Gingrich, for his successful campaign to take control of the United States Congress, to Nobel Peace Prize laureate, Lord David Trimble, on the peace process and the elections that took place there… Last Mark has spent a lot of time on political campaigns in Lebanon and Iraq and regularly acts as an advisor to several CEOs of major international companies.

If he takes a job at No 10, Fullbrook would be one of the most experienced political brains in the building. Others likely to land high-level positions include Ruth Porter, Truss’ co-campaign manager, and Adam Jones, its communications director. David Canzini, a former deputy chief of staff, who once worked with Fullbrook, may be one of the few former Johnson-era advisers to stay.

]]>
Amazon closes and abandons plans for dozens of warehouses in the United States https://tarocchiamore.net/amazon-closes-and-abandons-plans-for-dozens-of-warehouses-in-the-united-states/ Sat, 03 Sep 2022 15:33:38 +0000 https://tarocchiamore.net/amazon-closes-and-abandons-plans-for-dozens-of-warehouses-in-the-united-states/ Just this week, Amazon warned officials in Maryland that it plans to close two delivery stations next month in Hanover and Essex near Baltimore, which employ more than 300 people. The moves are a stark contrast to years past, when the world’s largest e-commerce company typically entered the fall as it rushed to open new […]]]>

Just this week, Amazon warned officials in Maryland that it plans to close two delivery stations next month in Hanover and Essex near Baltimore, which employ more than 300 people. The moves are a stark contrast to years past, when the world’s largest e-commerce company typically entered the fall as it rushed to open new facilities and hire thousands of workers to prepare for shopping season. Holidays. Amazon continues to open facilities where it needs more space to meet customer demand.

“There are still significant cuts to be made before the end of the year, in North America and the rest of the world,” said Marc Wulfraat, founder and president of MWPVL. “That said, they continue to bring new facilities into service this year at an astonishing rate.”

Access all of our coverage with a subscription to Crain’s Chicago Business.

Maria Boschetti, a spokeswoman for Amazon, said it’s common for the company to crawl multiple sites at once and make adjustments “as needed across the network.”

“We weigh a variety of factors when deciding where to develop future sites to better serve customers,” she said in an emailed statement. “We have dozens of fulfillment centers, sorting centers and delivery stations under construction and evolving around the world.”

The Maryland closures are part of an initiative to shift work to more modern buildings, Amazon says. “We regularly review how we can improve the experience for our employees, partners, drivers and customers, and that includes upgrading our facilities,” Boschetti said. “As part of this effort, we will be closing our delivery stations in Hanover and Essex and offering all employees the option of relocating to several different delivery stations nearby.”

CEO Andy Jassy has pledged to unravel some of a pandemic-era expansion that has plagued Amazon with a glut of warehouse space and too many employees. The company generally weaned its ranks of hourly workers by leaving vacancies open, slowing hiring, and tightening disciplinary or productivity standards. But warehouse closures are also part of the mix, and workers are preparing for more. During the second quarter, Amazon’s workforce shrank by about 100,000 jobs to 1.52 million, the largest quarter-over-quarter contraction in the company’s history.

The Seattle company also sought to sublet at least 10 million square feet of warehouse space, Bloomberg reported in May.

When home shoppers rushed online during the pandemic, Amazon responded by doubling the size of its logistics network over a two-year period, a rapid build that outpaced competitors and partners like Walmart Inc., United Parcel Service Inc. and FedEx Corp. For a while, Amazon was opening a new warehouse somewhere in the United States about every 24 hours. Jassy told Bloomberg in June that the company had decided in early 2021 to build up its forecast for buyer demand, err on the side of having too much warehouse space rather than too little.

Wulfraat said most of the closures announced this year are delivery stations, smaller buildings that deliver already-packaged items to drivers. The facilities that have been canceled include several planned distribution centers, giant warehouses containing millions of items. MWPVL estimates that Amazon operates more than 1,200 logistics facilities, large and small, in the United States.

More belt-tightening could complicate Amazon’s already strained relationship with organized labor. Earlier this year, an upstart union started by a fired Amazon worker won a historic victory at a company warehouse in Staten Island, New York. A federal labor official on Thursday rejected Amazon’s offer to cancel the result. Last month, workers at an Amazon plant near Albany, New York, filed a request to hold a union election there.

It’s hard to gauge how much overcapacity Amazon has to manage, and some analysts think the extra space will come in handy during the Christmas holiday season.

Not a subscriber ? We have options that meet your needs.

]]>