Wednesday 11 February 2015 8:42 pm Cadbury Creme egg-maker sees profits melting Share Show Comments ▼ whatsapp CONFECTIONARY giant Mondelez International, owner of the Cadbury brand, saw its profits in the fourth quarter tumble as sales declined across the board, yet shares still rose in New York by more than three per cent.The company, which was formed in 2012 out of Kraft’s non-US brands, saw net earnings in the fourth quarter slide 72 per cent as higher input costs from dairy products and cocoa, the supply of which was disrupted by the ebola crisis in West Africa, resulting in higher prices and lower sales. The multinational faced an outcry in the UK when it was revealed its Cadbury creme eggs would no longer contain Dairy Milk branded chocolate.Net earnings for the fourth quarter were $500m (£328.1m), plunging from $2.2bn over the same period the previous year.On an adjusted basis the results were more reassuring, showing a seven per cent rise in net profits once the inflated profits from a $2.6bn settlement with Starbucks, were removed. Overall revenues fell seven per cent during the quarter to $8.8bn as the company’s overseas operations, which account for around 80 per cent of sales, were hit by the stronger dollar, with the developing markets falling almost 16 per cent.The overall decline in sales was bucked by an increase in sales of the company’s power brands, an index of their 14 best-known brands which includes Cadbury, Milka and Oreo.Sales of these brands grew in every region except North America with an increase of 14 per cent in the developing nations partially offsetting its decline in total sales. Speaking about the future CEO Irene Rosenfeld said: “As we execute our transformation agenda in 2015, we expect to deliver modest organic revenue growth as well as solid margin expansion and strong earnings growth. We remain on a clear path to achieve our 2016 margin target and to drive sustainable earnings and revenue growth over the long term.” Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Express KCS Tags: Cadbury whatsapp
AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisement Man accused of murder after beating, leaving woman for dead at Sarasota hotel April 22, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments North Port man arrested for staging girlfriend’s murder to look like suicide April 5, 2021 AdvertisementThe names of the boy and his mother were not released.Jail and court records were not updated Saturday and it could not be determined if Jones has an attorney. AdvertisementTags: HomicideLakeland RELATEDTOPICS LAKELAND, Fla. (AP) — A Florida man is facing charges that he killed his girlfriend’s 2-year-old son, telling detectives he struck the child for urinating on the couch, officials said Saturday.Lakeland Police charged Alegray Jones, 30, with aggravated manslaughter of a child for the boy’s death.According to a police press release, the boy’s mother had left him with Jones as she went to work. Early Friday, Jones texted the woman, telling her the boy was not responding to his attempts to wake him. The woman rushed home and 911 was contacted. The boy was taken to the hospital and pronounced dead.Detectives said the boy had numerous visible injuries and an autopsy showed he died of blunt force injuries. They said that when they confronted Jones, he told them he had become aggravated with the boy for urinating on the couch and struck him numerous times, knocking him out. Jones was arrested. Homicide investigation underway after missing Florida woman’s body found burning June 14, 2021 Plane lands on road in Florida April 16, 2021 Advertisement
Kim Chan Ku, Researcher in the Institute for Far Eastern Studies Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News Facebook Twitter News News By Kim Chan Ku, Researcher in the Institute for Far Eastern Studies – 2007.07.13 8:04pm [imText1]July 12th 1989. After the 13th World Youth Festival held in Pyongyang, I visited a dockyard in Rajin city, North Hamkyung for important consultations. I was on my way to the wharf to further understand the situation of the dockyard. When I visited North Korea in April 1989, I had already received a proposal from Daesung General Bureau which informed me that a large dockyard was needed at a port somewhere along the East Sea to conduct maintenance and repairs on a ship 5,000tons large in size. Every November, all ships operations must be suspended due to the cold weather along the north and Russian coastlines of North Hamkyung. It was agreed that profits could be made by using this time to maintain and repair the ships. Due to the severe climate, ships would have to be sent to Macau or Singapore for basic maintenance as circumstances did not allow any other in North Korea. Targeting these ships, it was agreed that it would be possible to construct a dockyard along Rajin-Sunbong, Chongjin or Wonsan. With Kim Ho Man, the 3rd bureau of Daesung General Bureau, advisor Lee Sung Dong and one other guide, we left for Rajin on a special train with sleeping compartments at 10AM. The attendant on the train made an announcement revealing my name, “Good morning, American comrade, Kim Chan Gu.” My identity had already been identified. I thought it would be extremely difficult even for spies to evade this meticulous control.The Daesung General Bureau had already prepared train tickets and travel permits as it had already been scheduled that I would make a business trip. Our seats were in the sleeping compartments. However, the train shook so hard from left to right that it felt like I was on board a boat. A rickety railroad still used from Japanese colonial periodThe guide informed me that the rails had been constructed during the time of Japanese colonial period and that the train shook because repairs had not been conducted regularly. The sleeping compartments comprised of 4 beds and so this was perfect for our trip. We became friends easily as we conversed about business and talked about America throughout the whole night and having a drink. I think it was easy for us to be friends since we spoke the same language. After Hamheung, we stopped briefly at a station called Hongwon. I was told that Kim Hyung Kwon, Kim Il Song’s uncle had taken refuge in Hongwon at a friend’s house after beginning an independent movement during the Japanese colonial period. He was caught as his friend has reported him to authorities. Even this was a fascinating story to tell and was told with great veracity. We drank beer and soju and alternatively needed to the use the bathroom. July 13th 1989. We arrived at Rajin station around 6 o’clock where a second hand Japanese Nissan waited to escort us to the site. It was strange to see the driver seat on the opposite side. I was happily received by the people. After changing into fresh clothes, we went to visit the repairs location around 10 o’clock. After inspecting the harbor facilities and conducting a few inquiries such as the changes in climate and wind in the varying seasons, I could sense that repairs were greatly needed. Fortunately, only a 2,000ton Russian cargo ship was in the midst of repairs, however, equipment would be needed to repair the hull of the ship. The bulk of the facilities, equipment and instruments were greatly in need. After drafting a plan with the staff, it seemed that an actual dockyard would take too much time and money to construct and that rather a floating dock would be an overall effective plan. Following consultations, I was offered by the Daesung General Bureau to lunch at a beautiful hill near the beach. Everyone having a good time using my visit as an excuse20 people were mobilized to prepare a massive feast for one person, me. A variety of seafood dishes were prepared and delivered by a small motorboat. Using my visit as an excuse, it seemed that everyone had planned to eat abundantly and have a good time. We drank a glass of beer and sang, danced and had an extraordinarily good time. While some persons slept drunk from alcohol, the others happily socialized.In the evening, I invited the people and their families, who had made my day so pleasant. I gave a guide $200 and told her to prepare a meal that would be more than sufficient. Then, I went to sleep in my room. The guide wakes me up. It’s time to have dinner. On table in the marine office, a variety of seafood dishes have been prepared. Looking carefully at the dishes, they seemed to have been prepared with drinks similar to our lunch. Cigarettes and candy had been prepared and the wives of the workers had also accompanied their husbands to the dinner. Whenever there is a fancy event, the wives always dress elaborately in the traditional Korean dress. On the table, there were only plates of seafood, alcohol and cigarettes. There was not a single piece of fruit or vegetable. Glasses were passed around and as the sun set, singing and dancing followed. As the noise continued into the east, we could sense feelings of friendship for one another. However, the problem was that the drinks continued to be passed to me. I could not refuse the drinks and continued to receive them as they came. Then, I began to raise my voice and eventually lost thought. I spoke softly to the guide. I asked her to take me to my room. I was so drunk I could not look after myself. I returned to my room with the words, “The Great Leader is with us forever” “Be prepared to die and escort the revolutionary leader” ringing in my ears. (continues) North Korea’s Docks a Forge News There are signs that North Korea is running into serious difficulties with its corn harvest SHARE RELATED ARTICLESMORE FROM AUTHOR North Korea tries to accelerate building of walls and fences along border with China
Kroner will join AIMCo’s board in January 2017, according to an announcement on Wednesday. Kroner was most recently senior managing director at BlackRock, where he held seats on the firm’s global executive committee and global cooperating committee. He was also the global head of the multi-asset strategies group and the global head of scientific active equities, both of which managed hundreds of billions of dollars in publicly traded assets. Kroner is also a published researcher, whose work on forecasting volatility and asset returns has been made available in academic and practitioner journals. He earned his bachelor of arts degree from the University of Alberta in 1983 and his doctorate degree in economics from the University of California at San Diego in 1988. Phyllis Clark, a former chief economist for the province of Ontario, has also joined AIMCo’s board of directors. Clark was most recently vice president of finance and administration and chief financial officer at the University of Alberta. Clark is currently a board director at multiple organizations, including the Bank of Canada. “Ms. Clark and Mr. Kroner are two excellent additions to AIMCo’s board of directors, each of whom have built exceptional careers from strong Alberta roots,” says Mac Van Wielingen, chairman of AIMCo’s board, in a statement. “We are proud that they have chosen to share their knowledge and expertise with AIMCo, as we strive to build a world class investment management organization here in the province.” Photo copyright: archman/123RF Share this article and your comments with peers on social media Tessie Sanci Wealth-management veteran joins Morneau Sheppell board CFA Society Toronto names chairwoman LOGiQ names Joe Oliver, Colleen McMorrow to its board Kenneth Kroner, a former member of Toronto-based BlackRock Asset Management Canada Ltd.’s global executive committee, has joined the board of directors of Edmonton-based Alberta Investment Management Corp. (AIMCo). Facebook LinkedIn Twitter Related news Keywords Corporate directorsCompanies Alberta Investment Management Corp.
melpomen/123RF Toronto-based Franklin Templeton Investments Corp. announced on Wednesday that its first slate of actively managed and strategic beta ETFs will launch in the coming weeks. Beatrice Paez Share this article and your comments with peers on social media Facebook LinkedIn Twitter Specifically, Franklin Liberty Risk Managed Canadian Equity ETF and Franklin Liberty Canadian Investment Grade Corporate ETF will be listed on the Toronto Stock Exchange (TSX) on May 30. As well, the firm plans to debut two strategic beta ETFs, Franklin LibertyQT U.S. Equity Index ETF and Franklin LibertyQT International Equity Index ETF, on the TSX on June 5. “Many Canadian investors have embraced ETFs for the benefits of intraday trading, liquidity, tax efficiency and transparency. We believe the future of ETF investing is in continuing to provide these foundational benefits while innovating beyond the limitations of passive investments,” says Duane Green, president and CEO of Franklin Templeton Investments Canada, in a statement. “These new ETFs are built on a rigorous investment approach, as they are designed by investment professionals with decades of active management and quantitative experience.” Franklin Liberty Risk Managed Canadian Equity ETF and Franklin Liberty Canadian Investment Grade Corporate ETF — the first -products to be released — will be managed by the firm’s investment teams, which will seek to identify “attractive equity and fixed-income opportunities that they believe can outperform the market,” the firm’s news release says. Meanwhile, the firm’s strategic beta ETFs will aim to replicate a rules-based index that applies four custom-factor weightings to its underlying index, allocating 50% to quality, 30% to value, 10% to momentum and 10% to low volatility. In terms of quality, for example, each index will seek to “identify securities that have potential for long-term performance and balance-sheet strength,” the firm says. Its low-volatility factor comes into play as a “defensive mechanism against market downturns.” “Franklin LibertyQT strategic beta ETFs seek to track indices that use custom-weighted factors that pursue lower volatility and higher risk-adjusted returns over the long term relative to corresponding cap-weighted benchmarks,” says Patrick O’Connor, global head of ETFs at Franklin Templeton, in a statement. Franklin Templeton launched its ETF platform in the U.S. in June 2016. Since then, Franklin LibertyShares has approximately US$623 million in assets under management. Read: ETF Guide 2017: The learning challenge Photo copyright: melpomen/123RF Companies Franklin Templeton Investments Corp.
Related news A federal tax increase on the top 1% of earners in 2016 resulted in $1.2 billion in additional revenue for the federal government but it resulted in about $1.3 billion in lost tax revenues for the provinces, according to a report published Thursday by Toronto-based C.D. Howe Institute.Those estimates, which are based on new data from the Canada Revenue Agency, suggest that taxpayers likely responded to the hike by taking action to limit their tax bills, such as choosing leisure over more work, or more aggressively tax planning, the report suggests. Ontario moves to shut down insurance side account loophole Biden’s corporate tax plan takes aim at income inequality Keywords Tax avoidance samuaritop/123RF “The bottom line is that high tax rates may discourage earning additional income, and may encourage shifting taxable income to different forms, times and jurisdictions, so they may not only negatively affect the economy, but add little to, or even reduce, government revenues,” the report states.Indeed, the report estimates that the tax increase likely generated about a third of the revenue that would have been raised without taxpayer action, and the resulting erosion of the tax base ultimately eclipsed the federal revenues raised.“Many commentators warned that high-income taxpayers would react to the hike by reducing their earned income or engaging in tax avoidance. Preliminary data bear out these predictions,” says the author of the report, Alexandre Laurin, director of research at C.D. Howe, in a statement.In response to these findings, the report recommends that the tax system should be tightened up, “to make tax avoidance harder and improve tax revenues in future.” At the same time, Canada should consider cutting taxes on high earners.Also readFeds to crack down further on tax avoidance“A small reduction to the top tax rate would cost little federally, while provinces could enjoy a windfall because of its positive impact on the taxable income base,” the report states.“Alternatively, doubling the income threshold at which the top tax rate applies would reduce Canada’s disadvantage with America — and, in the same vein as above, create a revenue windfall for cash strapped provinces.” James Langton Your wealthy clients will soon pay more for luxury vehicles Share this article and your comments with peers on social media Facebook LinkedIn Twitter
FacebookTwitterWhatsAppEmail Persons planning to attend the 2009 Independence Grand Gala on Thursday, August 6, at the National Stadium, in Kingston, will be able to obtain their free tickets for the event by this weekend.Tickets will be available at Tastee Limited outlets and Post Offices in the parishes of Kingston and St. Andrew, St. Catherine, St. Thomas, Clarendon, and at the Jamaica Cultural Development Commission (JCDC) offices.Additionally, tickets can also be obtained at Inland Revenue Department branches and the Registrar General’s Department outlets.“Tickets will be available at these outlets as of this weekend,” Executive Director of the JCDC, Delroy Gordon, said at a JIS Think Tank, yesterday (July 29).Mr Gordon said that persons would not be allowed to enter the stadium without tickets. “Admittance will only be by tickets. Patrons are therefore encouraged to collect their tickets early,” he emphasised.He pointed out that the gates would be opened at 1:30 p.m. and patrons should be seated by 4:30 p.m.The Executive Director said that they would be monitoring the distribution of tickets, to ensure that all Jamaicans get an opportunity to attend the ceremony. Tickets for the 2009 Grand Gala Available by Weekend CultureJuly 30, 2009 RelatedTickets for the 2009 Grand Gala Available by Weekend RelatedTickets for the 2009 Grand Gala Available by Weekend Advertisements RelatedTickets for the 2009 Grand Gala Available by Weekend
This year’s sold-out AeroSpace Ventures Day at CU Boulder’s University Memorial Center drew a crowd of thought leaders and representatives from across Colorado’s vibrant aerospace community––including senior technology officers, small business executives and engineers from leading companies.Together, attendees discussed the state of the industry, caught up on the latest research and networked with students eager to explore careers in the field.“AeroSpace Ventures Day is our premiere event of the year that brings together industry partners with CU faculty, staff and students to discuss the latest developments in the aerospace sector and how our research and education programs can support them,” says Abby Benson, Assistant Vice Chancellor for Research & Innovation, Industry Collaboration and AeroSpace Ventures. “We are so thankful for the robust participation of so many of our partners that made this day a big success.”Brig. Gen. John E. Shaw, Director of Strategic Plans, Programs, Requirements and Analysis, Air Force Space Command, delivered a keynote address that focused on security in space and the importance of seeing future challenges as current opportunities.“As space becomes more and more central to what we do, the government not only has an opportunity to provide enhanced security, but to partner with industry and academia to grow new technologies and capabilities for the benefit of mankind,” Shaw said. “How do we integrate everything that’s going on in space better? How do we move faster? And how do we work together to make it all happen? That’s what I want to hear from you.”In addition to panel discussions on workforce development and student projects, attendees heard research presentations from faculty and students working in a wide range of focus areas, from space weather and Earth science data analytics to small satellites, cybersecurity and unmanned aerial systems.Aaron Aboaf, a student in aerospace engineering sciences, had the opportunity to join the workforce discussion as a panelist. “I’ve never done that before,” he said. “It was cool to get a chance to exchange ideas with people within the industry and receive immediate feedback. I’d definitely do it again.”After the event, students attended a reception staffed by in-state aerospace companies, where they had a chance to get pressing career questions answered and make vital networking connections.Rebekah Haysley, a mechanical engineering student minoring in computer science, said she was excited to investigate other possibilities in the field after interning for two years at NASA’s Jet Propulsion Laboratory in Pasadena, California, as a systems engineer.“That’s the great thing about an internship,” she said. “It gives you the opportunity to narrow things down to what really interests you.”Categories:News Headlines Published: Sept. 19, 2017 • By Allison Miller About AeroSpace VenturesCU Boulder AeroSpace Ventures, housed within the Research & Innovation Office (RIO), brings together researchers, students, industry leaders, government partners and entrepreneurs to envision and create the future for space and Earth systems. Learn more.
Advertisements RelatedIncreased Support for Persons Impacted by Rising Food Prices FacebookTwitterWhatsAppEmail The Government will be providing increased social protection support for the country’s poor and vulnerable, who have been severely impacted by rising world food prices.A sum of $105 million has been set aside in the 2010/2011 Estimates of Expenditure, which is before the House of Representatives, for the Social Protection Support to Food Price Crisis project, which is being implemented by the Ministry of Labour and Social Security.Through funding from the Inter-American Development Bank, the project, during this fiscal year, will strengthen the technical and administrative capacities in the central and parish offices of the Programme for Advancement Through Health and Education (PATH); and improve programme management, efficiency, and the quality of service delivered to beneficiaries.Support will also be provided for the relocation of the Ministry’s Kingston and St. Andrew parish office; outreach will be undertaken for pregnant and lactating women; and support given for a comprehensive nutrition promotion campaign and related activities.The project, implemented in January 2009, aims to contribute to the Government’s strategy to reduce the intergenerational transmission of poverty by facilitating regular school and health clinic attendance; improve the welfare of PATH beneficiaries by increasing the amount of the subsidy; and bring additional vulnerable households into the PATH safety net.Up to February this year 325,833 beneficiaries were selected and registered. There was a compliance rate of 81 per cent for education beneficiaries, while 90 per cent of children, zero to 11 months, were regularly seen at clinics. The new Beneficiary Management Identification System (BMIS) was launched and two sets of payment compliance reports have since been generated by the system.Additionally, under the project to date, a Component Co-ordinator has been engaged to undertake activities under the nutrition component of the Nutrition Promotion Campaign and four health centres in Kingston, St. Andrew, andSt. Thomas were selected for the campaign. Further, service standards were developed to cut down the waiting period between application and first payment, and these standards are to be adopted by March 31 this year.The disbursement of the first Performance Audit in May 2009 and the submission of built drawings for the relocation of the Kingston and St. Andrew office, along with the furniture plan for the office, are other achievements.The project is slated to end in January next year. RelatedIncreased Support for Persons Impacted by Rising Food Prices Increased Support for Persons Impacted by Rising Food Prices LabourMarch 30, 2010 RelatedIncreased Support for Persons Impacted by Rising Food Prices
FCC mulls expanded Huawei, ZTE bans Home ZTE claims positive momentum for H1 ZTE published preliminary numbers for the first half of 2013, which show an increased profit for the Chinese vendor but a drop in total sales.According to the company, it saw a profit attributable to shareholders for the six months (January – June) of CNY302.34 million ($49.22 million), up 23.47 per cent, on revenue of CNY37.71 billion, down 11.6 per cent.On an operating level, it narrowed its loss to CNY830.77 million, down 3.77 per cent from CNY863.35 million.ZTE said that following a tough 2012, which saw it reporting a loss on the back of delayed deals and lower value contracts, it has now “achieved two consecutive quarters of positive results”.The company said that its revenue had been impacted by falling sales of “GSM and UMTS products in the domestic market and GSM handsets and data cards in both domestic and the international markets”.In a statement, ZTE said that it has been able to improve its profit margin through “enhanced control…over the profitability of business contracts”, also noting “strengthened cost control…which has resulted in the significant decrease in cost and expenses”.Its profit was bolstered by “a substantial amount of investment income arising from the disposal of equity interests in Shenzhen ZNV Technology”.ZTE sold its stake in “surveillance supplier” Shenzhen ZNV earlier this year.It also noted a “substantial amount of exchange loss” during the period. Author India to shun China vendors in 5G trials Steve Costello ZTE pushes flexibility, simplicity in private 5G networks Related Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Asia Tags Previous ArticleApple, Samsung held patent dispute talks – reportNext ArticleChina Unicom partners with OTT player Tencent FinancialZTE AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 22 JUL 2013