Private equity firm Privet Capital cuddles up with Care Bears maker Vivid Toy Group

by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOutside MylovelymalinoisUrgently, 5 Common Cancer Signs to Pay Attention ToOutside MylovelymalinoisMedical MattersPam Dawber Is 69 Now & Here’s What She Looks Like TodayMedical MattersRethink StyleRemember Her? She Is Now 93 Years Old And Looks Like ThisRethink StyleList Nebula8 Cutest Exotic Dog BreedsList NebulaApartments for sale | Search AdsApartments for Sale in Scottsdale Might Be Cheaper Than You ThinkApartments for sale | Search AdsArticles VallyRemember Elvira Mistress of the Dark? She’s 67 Now & Looks More Gorgeous Than EverArticles VallyBuzz TreatmentElinor Donahue Turned 84 And Here Is What She Looks Like NowBuzz TreatmentCustomize Watch Gift”To My Husband” Customize Watch GiftCustomize Watch Giftweniix.comLook The Future of Carsweniix.com “Vivid is an exciting business with an impressive track record of ‘end-to-end’ excellence in each of its core functions, from procurement and product design through to marketing and sales via its unrivalled distribution network and retail relationships worldwide.“Privet’s investment and operational guidance will support the continued enhancement of Vivid’s in-house developed brand portfolio and expansion overseas.”Read more: Hornby shares rise as firm says sales are on track“With Privet Capital’s backing, we are well supported to accelerate Vivid’s growth path including some exciting new initiatives,” Eric Rossi, chief executive of Vivid Toy Group, said.“This investment, as well as ongoing operational support from the Privet team, will enable us to continue developing Vivid’s strong product portfolio – particularly within the collectables segment and certain licenses, as well as strengthen further the company’s excellent long-standing customer relationships with the world’s leading toy and games retailers.” Share whatsapp Tuesday 14 March 2017 5:09 pm William Turvill Headquartered in Guildford, the firm also has operations in Paris, Frankfurt and Hong Kong.Read more: Here’s how Lego is threatening ChristmasPrivet said the company, which has also made toys associated with brands including Bratz Dolls, Animagic and Crayola, currently brings in revenues of more than £80m.Sky News reported that Privet Capital had beaten HMV owner Hilco Capital in the bidding.“We are extremely pleased to have acquired Vivid which we believe has significant growth potential,” said Vardhan Rajkumar, senior partner at Privet Capital. Private equity firm Privet Capital cuddles up with Care Bears maker Vivid Toy Group whatsapp Private equity firm Privet Capital has snapped up a toymaker behind Care Bears, Thunderbirds and Moshi Monsters.Vivid Toy Group sells its products to major retailers across the UK, France, Benelux, Germany and the US, including in Tesco, Argos, Wal-Mart, Toys ‘R’ Us and Amazon. read more

Debenhams to reopen stores for final sale ahead of move to online

first_img The high street retailer was bought by Boohoo for £55m in January after it entered administration last year for the second time in 12 months. (Getty Images)The high street retailer was bought by Boohoo for £55m in January after it entered administration last year for the second time in 12 months. (Getty Images) More From Our Partners Kamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Thursday 8 April 2021 10:13 am Nearby Debenhams stores reopening on 12 April: Debenhams’ stores will begin closing permanently from 2 May, with the stock clearance completed and final stores expected to close by 15 May. Debenhams is set to reopen its stores next week to complete its final closing down sale, as the store moves online. Sutton Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItUndoAgefulUnsold Car Clearance Sale Going On In ArizonaAgefulUndoLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyUndoFactableAluminum Foil Uses You’ll Want to KnowFactableUndoMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comUndoThe Legacy ReportMan Who Predicted 2020 Crash 45 Days Early Issues Next Major WarningThe Legacy ReportUndoNational Injury BureauJury Finds Roundup Responsible For Lymphoma | Bayer To Pay $10 BillionNational Injury BureauUndoHomeLight.comDon’t Make This Mistake When You Sell Your Home. Try these 7 websites.HomeLight.comUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndo Millie Turner The high street retailer was bought by Boohoo for £55m in January after it entered administration last year for the second time in 12 months. (Getty Images)The high street retailer was bought by Boohoo for £55m in January after it entered administration last year for the second time in 12 months. (Getty Images) Also Read: Debenhams to reopen stores for final sale ahead of move to online Harrow whatsapp whatsapp Bradford The final sale will offer up to 70 per cent off fashion and home products, and up to 50 per cent off beauty and fragrance lines. Bromleycenter_img Share Luton Ilford Uxbridge Romford The high street retailer was bought by Boohoo for £55m in January after it entered administration last year for the second time in 12 months. It ultimately fell victim to the pandemic and is now set to transfer online. Show Comments ▼ The sale, on 12 April, forms part of the high street retailer’s final stock liquidation process and will continue until the stock is fully cleared. Hounslow The high street retailer was bought by Boohoo for £55m in January after it entered administration last year for the second time in 12 months. (Getty Images)The high street retailer was bought by Boohoo for £55m in January after it entered administration last year for the second time in 12 months. (Getty Images) Also Read: Debenhams to reopen stores for final sale ahead of move to online Debenhams to reopen stores for final sale ahead of move to online “This is the last chance for customers in England and Wales to visit their local Debenhams before sadly our stores close for good,” a Debenhams spokesperson said. Tags: Boohoo Debenhamslast_img read more

Here’s Why a Neurosurgeon Might be at the Next Classical Concert…

first_imgMusicHere’s Why a Neurosurgeon Might be at the Next Classical Concert You Go ToL.A. Chamber Orchestra’s “Music & the Mind” series is designed to help you appreciate Beethoven in a whole new wayBy Julia Herbst – March 18, 2016543ShareEmailFacebookTwitterPinterestReddItPeople attend concerts for a variety of reasons—to be exposed to new music, to hear a favorite work—but rarely do you leave a performance with a better understanding of how humans process sound or the effect of improvisation on the brain.Last night’s L.A. Chamber Orchestra concert was different. The show, which was part of the westside connections chamber series, featured UCSF scientist Dr. Charles Limb, who discussed deafness, basic neuroanatomy, and power of improvisation. His lecture was interspersed with pieces written by Ludwig van Beethoven and Bedrich Smetana, two composers whose mid-career hearing loss radically altered their output.Concertmaster Margaret Bajer, who curated the series, says she hopes the programs will allow audience members to engage with music in new ways, allowing them to “go to concerts with a different perspective,” she says. “They’re not passive listeners, but they’re thinking about composers and their lives and historically what was going on. Last night, the [No. 13 in B-flat major, Op. 130] Cavatina that was played was much more powerful once everyone understood that when Beethoven wrote the piece, he could not hear a thing.”It’s not too late to catch the second and third events in the series. The April 7 performance features UCLA’s own Dr. Susan Bookheimer and Dr. Robert Bilder, who are currently researching the brains of especially creative artists and scientists. On May 5, the program includes Dr. Linda Liau, director of the UCLA Brain Tumor Program, as well as music by Ravel and Schumann.Bajer, who’s brother is a neurosurgeon, has always been fascinated by the science behind musical genius.“When my older brother became a neurosurgeon he said to me, ‘You just can’t believe how beautiful the brain is. It’s like looking at a Van Gogh or a Monet.’ I remember thinking, ‘What an odd thing to say!’ [Laughs] But as I grew older, I started to understand that the brain is the center of everything that we are.” TAGSwestside connectionsL.A. Chamber OrchestraPrevious articleThe Silicon Valley Season Three Trailer Looks Goofy, Silly, and GloriousNext articleSo Many Boysenberries at the Knott’s Berry Farm Boysenberry FestivalJulia Herbst RELATED ARTICLESMORE FROM AUTHORThe L.A. Chamber Orchestra is Trying Something Very Different to Create New Musiclast_img read more

The graduate gender pay gap: What’s there to think about?

first_img The graduate gender pay gap: What’s there to think about? Wednesday 30 September 2015 3:17 am More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It WiseDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionLivestlyThe Best Redhead Actresses, RankedLivestly whatsapp There could be numerous explanations for differences in pay. Many women spend periods out of work before returning in connection with childcare. The reality is that women handle most of the childcare which means they do not accumulate the same amount of experience as their male counterparts in those first 10 years. They may, therefore, be overlooked for promotion which affects their pay. Some women’s changing priorities could explain the disparity. Also, some high paid jobs carried out predominantly by men, possibly, involving risk to personal safety, might distort the figures. It would be hard to argue that discriminatory practices do not account, at least in part, for the gap.This 23 per cent pay difference after ten years of graduating, surely, cannot entirely be explained by women’s life choices and men drilling in the North Sea?The government has realised that something needs to done to narrow the gender pay gap for graduates and non-graduates alike. It’s proposing that employers with at least 250 employees must publish gender pay gap information. It’s not yet clear what information is going to have to be provided.  It could, for example, be the overall difference between the average earnings of men and women as a percentage of men’s earnings. A more detailed requirement could be for employers to publish pay differentials for jobs within bands. This could involve significant work for employers, particularly in the private sector where grading and bands are less common.While publishing pay information’s a step in the right direction, it’s going to take more than audits and spread-sheets to narrow the gap. A shift in culture shall be required, too. Matt Gingell GingellMatt Gingell is a specialist employment lawyer based in London. Matt advises businesses and employees on all employment law issues. whatsapp Many businesses still make stereotype assumptions about women. These could be about women’s intentions regarding children and them taking time out for childcare or, for instance, in connection with their pay and career aspirations . Even if other things improve, such as flexible working options, until all employers cast these assumptions aside the discriminatory element of the gap will continue. Perhaps, the new shared parental leave law, allowing parents flexibility as to how they divide their child caring responsibility will also, in  time, help redress the imbalance. Show Comments ▼ Share Recently, the Institute for Fiscal Studies, Cambridge and Harvard Universities found that women earn, annually, 23 per cent less than men 10 years after graduating. The Office for National Statistics had estimated it at around 33 per cent. So, we’re 10 per cent to the good. Unfortunately, we’re still 23 per cent to the bad. That’s not good.The overall UK gender gap is 19.1 per cent – calculated on the average hourly rate of male and female employees.   last_img read more

Covid-19 testing issues could sink plans to re-open the country. Might CT scans help?

first_img Please enter a valid email address. To safely relax the chokehold that policies to control Covid-19 have on the economy, most experts agree that the U.S. will need a four-pronged strategy: aggressive diagnostic testing for the disease, isolation of known cases, tracing of their contacts, and quarantining of anyone who might have been exposed until they are clearly uninfected. Many public health officials have focused on the challenge of contact tracing, saying it will require “an army” of new workers.In fact, however, the re-opening effort is in danger of failing spectacularly because the U.S. hasn’t gotten the first and last steps right — which both rely on accurate diagnostic testing. The current swab tests for the novel coronavirus are missing up to 30% of infected people.In a scramble to fix that before it’s too late, a growing number of doctors are calling for use of another method to detect Covid-19, one that would miss fewer cases than molecular testing of swabs does: chest CT scans.advertisement Related: @sxbegle HealthCovid-19 testing issues could sink plans to re-open the country. Might CT scans help? Social distancing is controlling Covid-19; now scientists need to figure out which measures are most effective A physician in Wuhan, China, reads a lung CT scan of a Covid-19 patient. FeatureChina via AP CT scans are far more expensive, they expose patients to a low dose of radiation, and the Centers for Disease Control and Prevention and some medical groups recommend against using them to diagnose Covid-19. But they were widely used in China to identify cases, and their reliability there is fueling growing interest in adding chest CT to the diagnostic arsenal in the U.S.The scans detect hazy, patchy, “ground glass” white spots in the lung, a telltale sign of Covid-19. In one recent study of 1,014 patients, published in the journal Radiology, scientists in China reported that chest CT found 97% of Covid-19 infections. In comparison, the study found that 48% of patients who had negative results on the swab test, which detect the coronavirus’s genome, in fact had the disease.advertisement The main reason is sample collection. The swab that’s supposed to be pushed into the back of the nose (often painfully) and then curve down into the throat sometimes doesn’t reach far enough, or doesn’t remain in place long enough, to collect a decent sample. The swab can trigger violent coughing, making the technician or nurse taking the sample pull back too soon. “We have a mantra in the lab,” Broadhurst said: “Garbage in, garbage out.”Because the fault is human rather than molecular, there is no technological fix. If tests are the first leg of an exit strategy, as the Johns Hopkins Center for Health Security said in a plan released last weekend for reopening the U.S. economy, then incorrectly “clearing” 30% of those who are tested will doom any exit plan. They could be cleared to return to work when they’re actually infectious, and — even worse — those they encounter and potentially expose to the virus would not be identified and quarantined.“We cannot rely fully on the test” to guide decisions crucial to re-opening the economy, said Sandro Galea, a physician and epidemiologist who is the dean of the Boston University School of Public Health. Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. By Sharon Begley April 16, 2020 Reprints ‘We need an army’: Hiring of coronavirus trackers seen as key to curbing disease spread Leave this field empty if you’re human: The alarming rate of false negatives from molecular testing, as well as the often dayslong wait to receive results, is driving more and more medical centers to adopt CT scans for Covid-19 testing. They include Mount Sinai in New York City, Bloomberg reported, and a growing number of physicians across the country.Last week the Fleischner Society, an international group of chest radiologists, broke with the CDC and the American College of Radiology, which recommend against chest CT to diagnose Covid-19. The Society concluded that it can in fact be appropriate in some situations, including a pandemic.“Every ER physician I know recognizes the power of these scans,” said Joseph Fraiman, an emergency medicine physician at hospitals in the New Orleans area who does two or three chest CTs on suspected Covid-19 patients every shift. “Aggressive disease identification would involve both [swab tests] and CT to ensure the highest sensitivity, missing the fewest cases possible.”But despite China’s experience, the use of chest CT to diagnose Covid-19 in the U.S. remains very limited (no one has data on how many have been done). That’s due in large part of the CDC and the American College of Radiology recommendations.One of their objections is that CT scanners will become contaminated with the coronavirus. China, whose fever clinics routinely scanned 200 patients per day per machine, managed to clean the machines between patients well enough to avoid infecting health care workers or subsequent patients, however. Researchers there reported last month that CT scanning is far safer for health care workers than the swabs that reach the throat via the nose, and often trigger explosive coughing that can spew virus particles into the air. Thanks to staff training and between-patient scanner cleaning, after 3,340 CT scans for suspected Covid-19, another group of physicians in China reported, “none of the staff of the radiology department was infected with Covid-19.”“It’s not like China has a monopoly on the technology to clean CT scanners,” said the Louisiana emergency medicine physician who asked not to be identified, so as not to anger colleagues. “Are you really going to say that your cleaning protocol is why you’re willing to kill 1 million people?” if the test/isolate/trace strategy fails because of faulty swab tests. Senior Writer, Science and Discovery (1956-2021) Sharon covered science and discovery. Privacy Policy Fraiman said he is able to do chest CTs for his suspected Covid-19 cases by getting the technicians and cleaning crews on board: “I tell them, you are the guys who are going to save us!”Another objection is that CT scans cannot easily distinguish between Covid-19, SARS, MERS, and other viral pneumonias, including from influenza. “They’re not specific enough,” said Sanjat Kanjilal, an infectious disease physician at Brigham and Women’s Hospital in Boston.Although SARS, which is caused by a coronavirus related to the one causing Covid-19, was eliminated, and MERS (also from a coronavirus) is extremely rare outside the Middle East, viral pneumonia looks a lot like Covid-19 in a chest CT. “That makes me skeptical that it can have a big role to play,” Kanjilal said.Although CT scans can misidentify other viral pneumonias as Covid-19, said radiologist Paras Lakhani of Thomas Jefferson University Hospital in Philadelphia, the chances of that are much lower outside of flu season, which is ending. Reading scans during a time of year when flu and therefore pneumonia is rare, he said, “would give us more confidence in interpreting a scan.”Also increasing confidence are artificial intelligence add-ons being developed to reduce how often the scans mistake other pneumonias for Covid-19. Those systems have yet to prove themselves, but “radiologists are becoming better at interpreting chest CTs in potential Covid-19 patients, since we’re seeing more and more of them,” Lakhani said.Even a false positive rate of 30% is less problematic than false negatives, argued Fraiman, who before Covid-19 gave “grand rounds” talks to hospital physicians warning against the overuse of CT. That’s because the consequences of telling someone she has Covid-19 when she actually has the flu are not like telling someone she has cancer when she doesn’t: The advice is simply to self-isolate (a good idea for flu patients, too), not undergo dangerous surgery or other treatment.“Doctors need to think about false positives differently in the context of a pandemic,” said Fraiman, the former medical director for Louisiana’s disaster preparedness committee. “Reducing false negatives can prevent additional cases and deaths. The false positives seem like a small price to pay for that.” Sharon Begley [email protected] To be sure, chest CTs are no panacea. They, too, can miss Covid-19 cases; just two-fifths of the Diamond Princess passengers who had positive swab tests had lung opacities, researchers reported last month.“There is evidence that a large fraction of Covid-19 patients have normal CTs,” said radiologist Mark Hammer of Brigham and Women’s Hospital in Boston. “Using CT to screen patients would let a lot of people go who may be infectious.”Absent more accurate Covid-19 tests of any kind, whether swabs or CT or a combination, states’ tentative “re-opening” plans will be inefficient at best and failures at worst. The many Covid-19 cases that swab tests miss, said BU’s Galea, “is why the proposed Massachusetts contact tracing plan I have seen will quarantine people for 14 days even if they test negative” — a fortnight that someone could have been safely back at work and in the community if only a negative result on the molecular tests were more credible.Like many others, however, Galea questions whether “something as resource intensive as CT scans can ever be an effective population-wide screener.” He calls it “implausible” but “not impossible.”The reason for cautious optimism is that 80 million CTs were performed in the U.S. last year. “The country has a lot of scanners, especially in outpatient settings,” Jefferson’s Lakhani said, and in urban and rural areas alike.It’s not clear how many Covid-19 cases testing can safely miss without sinking re-opening strategies that hinge on testing and contact tracing, said Hopkins’ Crystal Watson, a co-author of the “re-opening” road map. “I think we need to find the vast majority of cases,” she said — based on the experience of South Korea, upward of 90%. “False negatives are going to be a problem and could definitely undermine” re-opening hopes.This story has been updated with additional expert comment. About the Author Reprints Related: “Once you’re a couple of days into infection, chest CT scans don’t miss,” said an emergency medicine physician in Louisiana who asked not to named. With the swab test missing 30% to 50% of cases, physicians in China called for the diagnostic use of CT early in the outbreak there, and “fever clinics” set up in Wuhan and elsewhere began routinely using them.A positive result on the swab tests is usually reliable. “If you get a positive test result, looking for the RNA of the virus with the current methods that we have, it’s very likely to be a true positive,” said Jana Broadhurst, an infectious disease doctor and director of the Nebraska Biocontainment Unit Clinical Laboratory at the University of Nebraska Medical Center. But “if you get a negative test result, [the chance that it’s wrong is] about 30%.” Of every 100 symptomatic people who test negative for Covid-19, 30 are actually infected. The test missed them. Debate flares over using AI to detect Covid-19 in lung scans Related: Tags Coronavirusinfectious diseasemedical devicespublic healthlast_img read more

BMO Q1 profit falls as consumer borrowing wanes

first_img Bank of Montreal (TSX:BMO) saw its first-quarter profits shrink, but analysts say lower oil prices didn’t have as much of an impact as anticipated. “Everyone’s talking about oil and how that’s going to impact the banks, but the full impact hasn’t really hit yet and I think it’s going to take a couple of quarters before it does,” said Morningstar analyst Dan Werner. Canaccord reports record revenues, drops proposal to acquire RF Capital BMO on Tuesday was the first of the big Canadian banks to release its first-quarter results, reporting a profit of $1 billion or $1.46 per share, down from $1.06 billion or $1.58 per share a year ago. Revenue grew to $5.06 billion, from $4.48 billion. On an adjusted basis, BMO said it earned $1.04 billion or $1.53 per share for the quarter, down from $1.08 billion or $1.161 per share a year ago. That’s 10 cents below analyst expectations of $1.63 per share of adjusted profits. BMO attributed the lower adjusted profit to falling long-term interest rates on its insurance business, which the bank said reduced its adjusted earnings by six cents per share. Some analysts had predicted that investment banking business from the oilpatch would dry up during the quarter due to the recent plunge in the price of oil. Although BMO’s capital markets division — which includes investment banking — saw its revenues drop 20 per cent from a year ago to $221 million, analysts said the segment performed better than expected. Meanwhile, “exceptionally strong growth” south of the border offset slowing growth in BMO’s domestic retail banking operations, according to Barclays analyst John Aiken. BMO’s U.S. banking business increased its first-quarter profits by 15 per cent to $192 million, while its Canadian banking arm grew profits by four per cent to $502 million. All of the big Canadian lenders are facing headwinds, including tight lending margins due to rock-bottom interest rates and a growing reluctance by stretched Canadian consumers to take on more debt. Despite these challenges, BMO’s chief executive says he expects the bank’s revenue to improve during the second half of the year. “The current operating environment poses both challenges and opportunities,” Bill Downe told investors during a conference call Tuesday. “In this environment, we’re keeping a close check on expense growth.” Royal Bank (TSX:RY) and National Bank (TSX:NA) will report their earnings on Wednesday, with TD Bank (TSX:TD) and CIBC (TSX:CM) slated to follow on Thursday. Scotiabank (TSX:BNS) will report on March 3. Laurentian Bank reports $53.1M profit in Q2, beats expectations Alexandra Posadzki Share this article and your comments with peers on social mediacenter_img Related news Keywords EarningsCompanies Bank of Montreal Canadian banks to focus on growth, spending and buybacks after strong second quarter Facebook LinkedIn Twitterlast_img read more

Fraudster receives two-year conditional sentence

first_img Keywords FraudCompanies Ontario Securities Commission James Langton A Calgary man has received a two-year conditional sentence from an Ontario judge, after admitting to fraud. The Ontario Securities Commission (OSC) announced on Tuesday that Michael Hughes has pled guilty to one count of fraud over $5,000 in connection with a scheme uncovered during an investigation of his company, Rivertree Financial Services Corp., by the OSC’s Joint Serious Offences team (JSOT). Imposters among us, CSA warns Related news “Hughes admitted that he agreed to manage investments for a client and then issued false monthly statements indicating the client’s holdings were increasing in value when the client was actually losing money,” the OSC says in a statement. In total, Hughes’ client lost approximately $126,000. Neither Hughes, nor Rivertree, were registered to advise or trade in securities with the OSC. Hughes was ordered to serve a conditional sentence of two years less a day by Justice Brent Knazan of the Ontario Court of Justice at Old City Hall in Toronto, the regulator reports. The conditional sentence includes strict house arrest for 18 months, the OSC says, followed by three years of probation. During his conditional sentence and probation, Hughes will also be required to pay $200 per month in restitution. Separately, the court issued a restitution order for $104,311.37, and prohibited Hughes from trading securities, and from acting as a director or officer of an issuer, for the duration of his sentence. The JSOT is an enforcement partnership between the OSC, the RCMP’s Financial Crime program and the OPP’s Anti-Rackets Branch. Share this article and your comments with peers on social media Facebook LinkedIn Twitter Retail trading surge on regulators’ radar, Vingoe says DoJ launches task force to tackle Covid-19 fraudlast_img read more

Surveys and Mapping Division Integral to Operations of National Land Agency

first_imgSurveys and Mapping Division Integral to Operations of National Land Agency UncategorizedOctober 9, 2006 RelatedSurveys and Mapping Division Integral to Operations of National Land Agency FacebookTwitterWhatsAppEmail The Surveys and Mapping Division is an integral part of the National Land Agency (NLA), which became an Executive Agency on April 1, 2001, reporting to the Ministry of Agriculture and Lands.This division is one of several in the agency, and offers different services, such as building and maintaining the national geodetic control network, checking and drawing survey plans in accordance with the Land Surveyors Act and providing surveying and land information.“The main functions of the Surveys and Mapping division are checking and approving survey plans to support title operations, survey of government lands, provision and maintenance of a network of geodetic survey points and the development and maintenance of maps,” Director of Surveys and Mapping, Trevor Shaw tells JIS News.The division has developed a number of maps, to enable the country to better understand its natural landscape. Chief among them is the Portmore master map which was developed last year. In an interview with JIS News, Patricia Davis, Acting Manager for the Business Services Unit of the NLA, says the map was created for Portmore because of several reasons.“Portmore, for example, is perceived as a disaster area. We have heard that over and over, and having maps like these can help the planners that are in disaster management to be able to formulate plans for evacuation and disaster mitigation activities,” she informs.The division is currently developing a similar map for the Kingston Metropolitan Area (KMA).Mr. Shaw says that work on the map is progressing well. “We are currently in the field collecting data and we are in the office capturing the buildings from photographic images. We are doing compilation from different sources, putting on parcel boundaries, putting on names, verifying names, adding special features. So the map is in progress and we expect to have this map completed by about January,” he notes.He says that the completion or creation of a map is dependent on the type of map being developed and the size of the map that is being created.“We began this map sometime last year, but we did not start from scratch. We are relying on existing map information. So it is a very efficient process; it is a process where we do not try to re-invent anything. What we do is update and add new information,” Mr. Shaw explains.He points out that the reason for the creation of up-to-date maps for Portmore and Kingston results from the fact that they are metropolitan areas and are very dense and very complex.“They are areas that people need to know to navigate them, and they are areas of intense business activities. So they are important to guide the planning process, the communication process and the development process,” Mr. Shaw informs.Mr. Shaw adds that when the maps are finished, places such as the Office of Disaster Preparedness and Emergency Management will have access to them in both digital and hard copy form.“We build these maps with a great deal of flexibility in mind to meet the needs of a wide range of map users and Geographic Information System (GIS) practitioners,” he explains.The division also provides digital maps to security companies, to assist these companies to do their jobs properly.“We are in a very modern society where security companies need to be able to locate points of interest quickly, and they must be able to operate in a digital environment. They must be able to pre plan and also to respond within very short periods of time,” says Mr. Shaw.“We have developed digital maps that will facilitate this kind of activity,” he adds, pointing out that the process of creating digital maps is done in a computer environment.“It is done in a computer environment through a process referred to as digitizing, where we are actually converting hard copy paper maps to a digital format,” he says.Mr. Shaw reveals that the division is currently working on some new projects, including the production of road maps for Jamaica. “We will be adding our National Land Agency touch to them to give them a difference,” he adds.Miss Davis tells JIS News that each map has several features. “The Portmore map, for example, will have the road network, it will have minor roads, and it will have major roads. It will have the parcels outline, it will also have special areas, and utility features,” she notes.Mr. Shaw says the Surveys and Mapping division has come a long way since the division was created and it has achieved a lot.“Some of the major achievements include our launch into the world of technology where we are using very state-of-the-art equipment like Global Positioning System, to help to build the infrastructure on which we will bring together different types of land information in a single data base,” he explains.“Another major achievement is the production of digital and intelligence maps. We have also been providing charts for the Civil Aviation Authority, which is very important to air navigation in Jamaica.We give a lot of support to the Port Authority for sea navigation and we provide the government with a lot of mapping and surveying products to support planning and land management. So, we would say that we have made significant contributions to the sustainable development of Jamaica,” Mr. Shaw argues. Advertisementscenter_img RelatedSurveys and Mapping Division Integral to Operations of National Land Agency RelatedSurveys and Mapping Division Integral to Operations of National Land Agencylast_img read more

Travel for Haitian businesspersons to Jamaica now easier

first_img Issued by: The Office of the Prime Minister FacebookTwitterWhatsAppEmail Jamaica has put in place administrative arrangements with the Honorary Consul of Jamaica in Port-au-Prince, Haiti, that will simplify the issuing of multiple-entry visas. Cabinet last month noted that the Honorary Cousul is now authorised to issue multiple-entry visas valid for six months to bona fide business persons from Haiti. The previous process required approval from the Ministry of National Security. The announcement was made by Minister with responsibility for Information, Telecommunications and Special Projects, Daryl Vaz at a recent Jamaica house post cabinet press briefing. The steps arise from a July 2010 decision of CARICOM heads of government as a move towards full integration of Haiti into the community. It is also aimed at encouraging increased business between the private sectors of Haiti and Jamaica. Travel for Haitian businesspersons to Jamaica now easier Office of the Prime MinisterApril 11, 2011 RelatedTravel for Haitian businesspersons to Jamaica now easier RelatedTravel for Haitian businesspersons to Jamaica now easier RelatedTravel for Haitian businesspersons to Jamaica now easier Advertisementslast_img read more

Nokia faced with patent licensing complaint

first_img Alianza sobre IA entre Nokia y Microsoft AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 21 NOV 2013 Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more Related Nokia makes AI move with Microsoft Tags Nokia scores Philippines 5G deal with Dito Home Nokia faced with patent licensing complaintcenter_img Sierra Wireless filed a complaint against Nokia with the European Commission (EC) for anticompetitive behaviour with regard to its “dominant position” in GSM and 3G standard essential patents.The Canadian company claimed Nokia is discriminating against it by charging “unfavourable and unreasonable” royalty terms to use standard essential patents that are putting it at a competitive disadvantage.In addition, the Finnish company has apparently refused to licence 3G standard essential patents for wireless modules to Sierra Wireless despite repeated requests and an obligation to do so.The complaint also alleges that the Finnish company applies different and unfair royalty rates to companies for the same standard essential patents to make identical wireless modules.Nokia’s behaviour breaches Article 102 of the Treaty on the Functioning of the European Union which outlines the policies and operation of the EU, according to Sierra Wireless.The Finnish company is also accused of failing to meet its obligation to grant standard essential patent licences on a fair, reasonable and non-discriminatory (FRAND) basis as required by the European Technology Standards Institute (ETSI).The Canadian company said it has tried to resolve the royalty rate issue with Nokia, but with no clear response, decided to file a complaint to the EC.Sierra Wireless wants the EC to reveal the pricing imposed on other licensees, sanction Nokia and end its breaches of FRAND regulations, and require the company to grant patent licences on FRAND terms.The US Federal Trade Commission (FTC) has been made aware of the EC complaint with Sierra Wireless requesting it open an investigation into Nokia breaching FRAND rules and US fair trade and monopoly laws.“We are acting to protect our customers and ourselves from the unreasonable actions of some standard essential patent holders, which result in unresolved patent license disagreements that we want to remedy on fair, reasonable and non-discriminatory terms,” said Pierre Cosnier, senior director of legal affairs for Sierra Wireless.Along with Qualcomm and Ericsson, Nokia is one of the top patent holders in the mobile industry, having invested billions of Euros in research and development over several decades. Author ECFTCNokiaRegulatorySierra Wirelessstandard essential patents Español Previous ArticleThe 4G effect on UK businessNext ArticleVodafone head open to sale talks – reports Tim Ferguson last_img read more