The Flint Group, a printing and packaging supplier, has announced 10- to 12-percent price increases to its publication inks. The price hike is effective June 1.The increases, the company says, are necessary to offset escalating costs of raw materials, energy and freight. “We have taken extraordinary measures to reduce costs within our manufacturing and delivery operations and to ensure a consistent supply of high-quality products to our customers,” said Mike Green, vice president and general manager of Flint Group North America’s Publication Inks Division. “Since October 1, 2007, however, [the division] has received over 100 raw material price increases from our global supply base.”Magazines and catalogues make up the bulk of the company’s heatset products, a Flint Group spokesperson tells FOLIO:. It is not immediately clear how each of the company’s products would be affected by the hikes.In an e-mail to customers, magazine printer Lane Press—a Flint Group client—acknowledged the coming price hike, noting that ink typically makes up less than 5 percent of its overall printing costs. Founded in 2005 and owned both privately and by private equity group CVC Capital Partners, the Flint Group posted $3.1 billion in revenues in 2007. The company is headquartered in Luxembourg, Germany, but its Publication Inks Division is located in Plymouth, Michigan.
CurtCo Publishing has sold Sarasota and Gulfshore Life magazines to Dan Denton, who sold Gulfshore Media to CurtCo in 2004.Financial terms of the deal, which closed late Thursday afternoon, were not disclosed.In connection with the acquisition, Denton has formed Gulfshore Media LLC which is headquartered in both Sarasota and Naples, Florida. The new company will maintain many of the magazines’ current employees. UPDATE: Chris Schulz, who served as president of Gulfshore Media under CurtCo, tells FOLIO: that he will assist with the transition for about a month on a consultancy basis but will leave the company after that time. UPDATE2: Gulfshore Media’s creative director and IT manager also will be leaving the company following its acquisition, Denton says. Denton also owns Florida Home Media LLC, which publishes the Homebuyer magazines as well as Orlando Home & Leisure. Florida Home Media COO Randy Noles will serve in the same capacity at Gulfshore Media, the company says.According to CurtCo CEO Bill Curtis, the company is looking to divest its regional magazines in an attempt to “build upon the amazing growth we are experiencing at Robb Report this year. With our nine international editions and our new investment plans for building an exciting array of online initiatives, we have plenty to keep us busy.”CurtCo also is finalizing deals to sell San Diego and Art & Antiques. According to sources, those deals are expected to close soon.CurtCo was represented in the deal by DeSilva + Phillips. Regional Media Advisors represented Denton and Gulfshore Media.[Editor’s Note: This story previously suggested that Denton launched Sarasota and Gulfshore Life. He founded Sarasota, but not Gulfshore Life.]
WILMINGTON, MA — Here are highlights of the Wilmington Police Log for Thursday, August 8, 2019:Gonzalo Gomez Jurado (27, North Andover) was issued a summons for Operating A Motor Vehicle With A Suspended License. Jurado was pulled over on Route 125. (4:39pm)A Revere Avenue caller requested police contact his neighbor and advise him not to urinate on caller’s property. Police attempted to make contact with neighbor and left a message for him. (4:51pm)A walk-in party reported his brother may be using his name. (5:47pm)Police transported two juveniles who walked away from the Milestone Group Home on High Street back to the program. (7:50pm)Police responded to a burglar alarm at Reading Cooperative Bank on Lowell Street. Alarm was set off by ATM repairman. (9:28pm)(DISCLAIMER: This information is public information. An arrest does not constitute a conviction. Any arrested person is innocent until proven guilty.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email email@example.com.Share this:TwitterFacebookLike this:Like Loading… RelatedPOLICE LOG for July 19: Bad Day For One Family With Arrest & SummonsIn “Police Log”POLICE LOG for August 3: Man Issued Summons For Resisting Arrest; Turkeys Struck In Roadway; Hit & RunIn “Police Log”POLICE LOG for August 22: Evicted Tenant Leaves Behind Cat; Driver Issued Summons; Kids Playing Ding Dong DitchIn “Police Log”
Rajnish KumarYoutube screenshotIndia’s largest bank — State Bank of India (SBI) — on Friday reported a 37.7 percent drop in its net profit for the quarter ended September due to higher provisioning for its bad loan accounts referred for insolvency proceedings at the National Company Law Tribunal (NCLT).The state-owned lender reported a net profit of Rs 1,581.5 crore in the second quarter against Rs 2,538.3 crore in the corresponding quarter last year. Net profits fell 21 percent on a sequential basis, the bank said.The bank missed analyst estimations with the result. According to 15 Bloomberg analyst estimates, the bank was expected to post a profit of Rs 2,628.50 crore.On a consolidated basis, the bank’s net profit for the quarter stood at Rs 1,952.30 crore from a loss of Rs 116.65 crore during the same quarter last year, the bank said in a filing with the Bombay Stock Exchange (BSE).”The results for this quarter and half year include operations of erstwhile domestic banking arms and Bhartiya Mahila Bank hence the results for this quarter are not comparable,” the bank said in the release.The lenders Net Interest Income (NII) — the core income a bank earns by giving loans — increased 27.3 percent to Rs 18,585.90 crore versus Rs 14,600.16 crore last year. Other income for the quarter on review went up 28.1 percent to Rs 10,579.91 crore from Rs 8,261.44 crore in the same quarter last year.On a postive note, the bank’s asset quality improved on sequential basis post decline in fresh slippages in the second quarter. Gross non-performing assets (NPAs) were narrowed at 9.83 percent in Q2 against 9.97 percent in Q1. On the other hand net NPAs also lower at 5.43 percent against 5.97 percent on quarter-on-quarter basis.While announcing the result, SBI Chairman Rajnish Kumar said gross slippages for the quarter stood at Rs 10,627 crore. That was sharply lower compared to Rs 30,059 crore slippages reported in the June quarter.”We have made more than 50 percent provision for both of RBI’s NCLT list. The watchlist at the end of September quarter was down to Rs 21,000 crore, from Rs 24,000 crore as of June quarter 2017,” Kumar said.Following the result, SBI shares gained as much as 7 percent to Rs 338 before closing at Rs 333.20, mostly because of the bank’s improvement on asset quality in the September quarter.
A wildfire ravaged woods and burned 100 homes in the hilly Chilean port city of Valparaiso on Monday, forcing authorities to evacuate hundreds of people.At least 19 people were reported hurt after the fire broke out on the outskirts of the historic city, the government said.Television pictures showed thick grey smoke filling the streets in the Laguna Verde district, where the blaze struck, and flames devouring green hillsides.Hundreds of firefighters along with water-dumping airplanes and helicopters were battling the blaze, officials said.“Emergency protocols have been activated,” President Michelle Bachelet said on Twitter.The flames had “damaged 100 homes in an area where there are 500,” deputy interior minister Mahmud Aleuy told a news conference late Monday.He said 19 people were hurt, mostly by breathing in smoke, but there were no fatalities.The flames destroyed 50 hectares (123 acres) of woodland, the National Emergencies Office said in a statement.Fanned by strong winds in hot summer weather, the fire broke out in the hilly region that makes Valparaiso a picturesque tourist destination.Some 200 people were evacuated from their homes as a precaution, the agency added.“The fire was coming from the other side of the hill, down below. We never thought it would spread so far,” said Rosa Gallardo, a woman who lost her home in the fire.“It was hopeless. The smoke was suffocating. It stung my eyes. So we had to evacuate,” said Pablo Luna Flores, another resident who lost his home.Electricity providers said they had cut power to nearly 48,000 customers also as a precaution.The authorities issued a maximum red alert.Located 120 kilometers (75 miles) northwest of the capital Santiago, Valparaiso is home to Chile’s national Congress.Laguna Verde lies on the southern outskirts of Valparaiso, a sprawling city built on 40 hills with stunning sea views.Dubbed the “jewel of the Pacific,” the picturesque colonial city is a UNESCO World Heritage Site.Thousands of tourists come every year to stroll its narrow cobbled streets and ride cable cars up the steep hills.Wildfires killed 15 people in 2014 and destroyed thousands of homes in the area, particularly in the city’s poorer neighborhoods.The wooden structures with their tin roofs, perched on tinder-dry hillsides, were quickly engulfed in that fire.More blazes in March 2015 killed one woman and forced thousands of people from their homes.The city is home to 270,000 people overall, many living in brightly colored houses on the hillsides.In its heyday from the mid-19th century to the early 20th, Valparaiso became famous as a stopover point for ships steaming down to the continent’s southern tip and on to the Atlantic.The opening of the Panama Canal in 1914 prompted a spectacular drop in traffic to Valparaiso and an end to the port’s glory days.It now relies heavily on tourism, and living standards are lower than the average in Chile.
French President Emmanuel Macron addresses the 72nd United Nations General Assembly at UN headquarters in New York on 19 September. Photo: ReutersFrance made a new plea on Monday for the United States to preserve the 2015 Iran nuclear deal and suggested its provisions expiring after a decade could be strengthened, as U.S. President Donald Trump again criticized the agreement as “deeply flawed.”The pact between Tehran and six world powers, which calls for Iran to curb its nuclear program in return for relief from economic sanctions, is under threat as Trump must decide by Oct. 15 whether to certify Iran is keeping its end of the bargain.If Trump, who as recently as Thursday accused Iran of violating “the spirit” of the deal, chooses not to certify, the pact could unravel, possibly triggering a regional arms race.The Republican president, who has called the agreement struck under his Democratic predecessor, Barack Obama, “the worst deal ever negotiated,” made no secret of his views during a meeting with French President Emmanuel Macron.“The president believes that the JCPOA is deeply flawed, and he did share his views with President Macron about how he believes the deal is flawed,” Brian Hook, director of policy planning at the U.S. State Department, told reporters. The pact is formally called the Joint Comprehensive Plan of Action.“The president was very candid with him about what he thinks are the shortcomings. … He told him that it is under review and that they are taking a hard look at the Oct. 15th decision and more broadly how to fix the Iran deal,” Hook said.Hook said the two also discussed an integrated strategy against Iran that would take into account what he described as Iran’s support for terrorism, its ballistic missile program, its destabilization in the Middle East and other aggressions.Asked if he planned to stick with the pact, Trump earlier told reporters as he began a meeting with Israeli Prime Minister Benjamin Netanyahu on Monday: “You’ll be seeing very soon.”Israeli officials have said changes Israel wants in the JCPOA include lengthening the 10-year freeze on Iran’s nuclear development program or even making that suspension permanent and destroying centrifuges rather than just halting their operation.The deal was negotiated with Iran by the United States, Russia, China, Britain, Germany and France. The six will meet with Iran at the ministerial level on Wednesday.The prospect of Washington reneging on the agreement has worried some of the U.S. allies that helped negotiate it, especially as the world grapples with another nuclear crisis, North Korea’s nuclear and ballistic missile development.“It is essential to maintain it to avoid proliferation. In this period when we see the risks with North Korea, we must maintain this line,” French Foreign Minister Jean-Yves Le Drian told reporters.“France will try to convince President Trump of the pertinence of this choice (keeping the accord), even if work can be done to complement the accord after 2025,” he said.A senior French official said Trump had not given Macron an indication on whether he had made up his mind during their Monday bilateral.However, the official said Macron had put on the table the prospect of new nuclear negotiations after 2025 during his bilateral with Iranian President Hasan Rouhani and warned him that Tehran should stop provoking the United States with its regional activities.“We feel the post 2025 subject is a red line, but our president put it on the table because it’s a concern and a legitimate request that we must make,” the official said. “2025 will arrive quickly and we have to be ready before Jan 1. 2025, so he asked that we think together how to work on this question.”If Trump does not certify that Iran is complying with the agreement, the U.S. Congress will have 60 days to decide whether to reimpose sanctions waived under the deal.Iran Supreme Leader Ayatollah Ali Khamenei warned on Sunday that Tehran would react strongly to any “wrong move” by Washington on the nuclear deal.DIVIDING WORLD POWERSParis took one of the hardest lines against Tehran in the negotiations, but has been quick to restore trade ties and Macron has said repeatedly there is no alternative to the deal.French officials say Iran is respecting the JCPOA and that, were the International Atomic Energy Agency (IAEA) to say otherwise, a mechanism exists to reimpose sanctions.The IAEA is the body ensuring the accord is carried out, but the United States and Iran quarrelled over how Tehran’s nuclear activities should be policed at an IAEA meeting on Monday after a U.S. call last month for wider inspections.U.S. Secretary of State Rex Tillerson argued on Friday that Washington must consider the full threat it says Iran poses to the Middle East when crafting its new policy toward Tehran.A senior French diplomat underlined that the nuclear deal was achieved in large part because it was not linked to all the other grievances the United States may have had with Iran.With Europeans not on the same page as the Trump administration, Iranian officials say they have an opportunity to divide the P5+1 group that negotiated the deal with Iran.A senior Iranian diplomat and a former nuclear negotiator said he believed the Europeans had no intention of following Trump’s overtly aggressive Iran policy.“They are wise. Look at the region. Crisis everywhere. From Iraq to Lebanon. Iran is a reliable regional partner for Europe, not only a trade partner but a political one as well,” the diplomat said.“European powers have been committed to the deal. The IAEA has repeatedly confirmed Iran’s commitment to the deal. Trump’s insistence on his hostile policy towards Iran will further deepen the gap among the P5+1 countries,” the diplomat said.
Jane Goodall, whose work was recently featured in the Brett Morgen documentary “Jane,” is pushing the boundaries of wildlife conservation once more, this time by backing a virtual-reality nature reserve.The Wild Immersion is the brainchild of Adrien Moisson who, having ditched a career in marketing, came up with the VR reserve as part of a wider plan to develop social, economic, and ecological projects with conservation at their core. “I wanted to transport people into the wilds of nature, to captivate people in order to inspire them to take action, to reconnect people with nature with the aim of funding real nature reserves,” he said.Moisson sought out primatologist Goodall and the institute bearing her name as partners. “Adrien was passionate in saying he has made his money but now he really wanted to focus on conservation and the natural world,” Goodall said. “We first met at Heathrow where I first saw the technology while sitting in the airport. And then after that, the next time was in Paris when he recorded an interview with me.” Electronics company Lenovo, which has its own Mirage Solo headset that works with the Google Daydream VR platform, is the technology partner. The Wild Immersion team shot footage of animals in the Amazon, Australia, Canada, Colombia, and Sri Lanka. There was also filming in China, where discussions are underway to get the Wild Immersion experience into malls, zoos, and theaters.Three 12-minute VR experiences emerged from 120 days of filming: Terra, set in tropical ecosystems; Alba, filmed in polar habitats; and Aqua, which goes beneath the waves.The Wild Immersion team showed off the VR content at the Cannes Film Festival last month. The first films are playing at Forum des images in Paris. A distribution deal is in place with VR specialist Diversion Cinema.Goodall is the subject of scores of documentaries, but she said that VR takes viewers beyond a regular TV experience and maybe even beats being there in some cases. “It’s totally different, actually, to TV because the animals are walking around. You can turn around him follow them. It’s extraordinary,” she said. “You probably see more than people who go on tours with cars.”The aim of Wild immersion is to raise funds for five new nature reserves over the next three years. The first parks will be in India and Tanzania. Popular on Variety ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15
Thursday, November 23, 2017 NEW YORK — Insurers for American Airlines, United Airlines and other aviation defendants have agreed to pay $95 million to settle claims that security lapses led planes to be hijacked in the Sept. 11 attacks.The settlement was described in papers filed Tuesday in Manhattan federal court. Developers of the new World Trade Center buildings had once demanded $3.5 billion from aviation-related companies after hijacked planes destroyed three skyscrapers among five demolished buildings on Sept. 11, 2001.Lawyers said the agreement signed last week resulted from “extensive, arms-length negotiations” by lawyers “who worked diligently for months.” The agreement also said the parties make no admissions or concessions with respect to liability for the attacks.“The court’s approval of the settlement agreement will bring to a close this hard-fought 13-year litigation on terms agreeable to the parties,” the lawyers said.Attorney Desmond T. Barry Jr., who submitted the papers to U.S. District Judge Alvin K. Hellerstein, declined to comment Wednesday.More news: Save the dates! Goway’s Africa Roadshow is backDeveloper Larry Silverstein and World Trade Center Properties have collected more than $5 billion from other defendants through lawsuits. The money has aided the reconstruction of buildings on the 16-acre lower Manhattan site.Earlier settlements included $135 million paid to a financial services firm that lost two-thirds of its employees.American Airlines spokesman Matt Miller said the company is pleased to have reached a settlement.“We will never forget that terrible day and its lasting impact including the tragic loss of 23 members of the American Airlines family,” said Miller.United Airlines declined to comment.Bud Perrone, a spokesman for Silverstein, said the company is “pleased to have finally reached a resolution to this piece of post-9-11 litigation.” << Previous PostNext Post >> Source: The Associated Press Airline defendants to pay US$95 million in 9/11 case Share