New Delhi: The National Company Law Appellate Tribunal Monday gave a conditional go-ahead to a Rs 42,000 crore offer by world’s largest steelmaker ArcelorMittal to buy Essar Steel, taking the billionaire Lakshmi Mittal closer to his dream of opening a shop in his home country. A two-member bench headed by Justice S J Mukhopadhaya said the acceptance of the resolution plan submitted by ArcelorMittal and partner Nippon Steel & Sumitomo Metal Corp will be subject to its final order in the appeal filed by the promoters of debt-laden Essar Steel against the move. It also said there is no stay on disbursal of the funds among financial and operational creditors of Essar Steel, which was auctioned to recover unpaid bank loans. This came almost 20 months after the insolvency petition against Essar Steel was admitted by the Ahmedabad-bench of NCLT on August 2, 2017, and the entire process has been tied up in legal wrangles as the promoters used every legal forum available to challenge the process. It wasn’t immediately clear if Essar Steel promoters will choose to appeal against the National Company Law Appellate Tribunal (NCLAT) verdict in the Supreme Court. Essar Steel will give Mittal a chance to enter the Indian steel market after previous attempts to set up mills in the country failed to materialise. Lenders to Essar Steel had in October approved Arcelor-Nippon’s offer to pay Rs 42,000 crore in an upfront cash payment to the creditors and a further Rs 8,000 crore in capital infusion in the 10 million tonnes steel mill – the largest steel asset on the block under the bankruptcy law. In doing so, they ignored a last-minute offer by the promoter Ruia family to pay Rs 54,389 crore to clear 100 per cent outstanding of both financial and operational creditors of Essar Steel. The plan was late last month approved by the bankruptcy court. Arcelor’s plan faced opposition from operational creditors who were getting just 4 per cent out of the total receipt. Both operational creditors and Essar Steel promoters challenged the approval of the Ahmedabad-bench of the National Company Law Tribunal (NCLT) to Arcelor plan in NCLAT. The NCLAT bench said the resolution professional of the company can disburse the funds between the financial creditors and the operational creditors as per resolution plan submitted by it. “The resolution professional will be the chairperson of the monitoring committee and will act in accordance with law to ensure that the company is a going concern,” the tribunal said. Standard Chartered, an operational creditor and some others objected to lesser payment to them under the resolution plan submitted by ArcelorMittal. On this, the NCLAT Chairman said: “Pehle Laxmi ko aane dijiye (Let the money come first)”. He assured them of a proper hearing on the issue and said it will look into the issue of discriminatory distribution of the funds between financial and operational creditors as per its previous order passed in the Binani Cement matter. “Right now, you are getting Rs 60 crore. If you are entitled then you would even get more than that. If less, then you would have to refund,” the bench said. The NCLAT has directed to list the matter on March 27 for next hearing. ArcelorMittal’s resolution proposal involves financial creditors getting Rs 41,987 crore out of their total dues of Rs 49,395 crore. Operational creditors, under the plan, would get just Rs 214 crore against the outstanding of Rs 4,976 crore. Last week, NCLAT had suggested that all operational creditors below Rs 1 crore should get 100 per cent of the dues and so should the employees of Essar Steel. Only 90 per cent of Rs 42,000 crore should be allowed for financial creditors. The appellate tribunal also said it will look into the issue of discriminatory distribution of the funds between financial and operational creditors. It has asked the Insolvency & Bankruptcy Board of India (IBBI) to submit a ratio of distribution of funds between financial and operational creditors.
DALLAS — American and Southwest Airlines are cancelling hundreds of flights in the Dallas-Fort Worth area because of a forecast of damaging weather.The weather forecast calls for a chance of large hail, damaging winds and perhaps even tornadoes.American Airlines spokesman Ross Feinstein said the airline will reduce operations at Dallas-Fort Worth International Airport Wednesday evening, resulting in about 100 cancelled flights.Feinstein says there will be no arrivals and only two departures after 9 p.m., and that American is looking for hangar space to protect as many planes as it can.Southwest spokesman Dan Landson says the airline will stop operations at Dallas Love Field from 6 p.m. to 10 p.m., cancelling about 100 flights.The Associated Press
19 November 2010Secretary-General Ban Ki-Moon today praised the contribution of the private sector to the United Nations agenda, urging that efforts be scaled up to meet global challenges such as climate change and poverty reduction. Addressing Board Members of the UN Global Compact, Mr. Ban said that the challenges facing the world today are too great for any one actor to face alone.“What gives me hope is that we, the United Nations, and the private sector have found more common ground than ever before to address these serious challenges,” he said at the Global Compact Board Meeting.In what he called a “pivotal year” for the Global Compact, an initiative that seeks to foster socially responsible business practices, there was much to be celebrated.At the same time, he believed that the private sector’s contribution can continue to grow.“After ten years of experimentation, growth and brand-building, the Global Compact is well positioned to mobilize tangible support from the private sector in support of UN goals,” he stated. In separate remarks to the group at lunch, the Secretary-General spoke of new efforts that will be launched next year and urged businesses to guide Governments on what they can do to maximize private sector contributions to the UN agenda. Launched in July 2000, the Global Compact has over 8,000 participants worldwide. It has set the objective of having 20,000 participants by 2020.
TORONTO — The Toronto stock market was pulled down by lower commodities prices on Monday as concerns about the European economy returned to the forefront.Here are the closing numbersTSX — 12,313.54 -70.06 -0.57%S&P 500 — 1,456.89 -3.26 -0.22%Dow — 13,558.92 -20.55 -0.15%Nasdaq — 3,160.78 -19.18 -0.60%The S&P/TSX composite index moved back 70.06 points to 12,313.54. The TSX Venture Exchange fell 12.26 points to 1,333.46.The Canadian dollar was 0.25 of a cent lower at 102.17 cents US. And both crude oil and gold prices lost ground, as questions about demand impacted prices.November crude on the New York Mercantile Exchange moved down 96 cents to US$91.93 a barrel.The December bullion contract decreased $13.40 to US$1,764.60 an ounce. December copper was off five cents to US$3.74 a pound.The TSX gold sector was down with Barrick Gold Corp. dropping $1.17 to $40.45. Energy stocks were off 1.2%, and Talisman Energy fell 20 cents to $13.42.Financials gained 0.4% with Royal Bank up 32 cents to $56.17.On Wall Street, the Dow Jones industrials dropped 20.55 points to 13,558.92. The Nasdaq composite index moved back 19.18 points to 3,160.78 and the S&P 500 index was 3.26 points lower to 1,456.89.With little major economic data on the calendar this week, investors will likely return focus to Europe and whether Spain will tap a new European aid program. Also in focus will be the direction of the Chinese economy after data last week suggested further weakness.In Germany, a business confidence index released Monday showed that the biggest European economy saw declines for the fifth straight month, surprising many economists.The shine has been wearing off what has been an optimistic month for stock markets, characterized by an enthusiastic climb that defined much of the first half of September. The latest indicators, however, suggest the global economy is still slowing down and recovery will take time.“I think we’re seeing some of the risk factors that are prevailing in this market starting to emerge,” said Craig Fehr, Canadian markets specialist at Edward Jones in St. Louis.“The economic data is not coming in consistent to the upside or the downside right now. So it’s a daily, weekly and monthly characterization that investors are having to make going forward.”Europe’s debt crisis will remain a point of focus for investors. Spain is due to unveil a new series of cost-cutting measures and structural reforms that could pave the way for a demand for financial aid from its fellow eurozone countries.Spanish stock and bond markets have been volatile in recent days as hopes that Madrid will apply for the aid alternated with concern that it was delaying the move.On Friday, the country will also release a final estimate of the financing needs of its weakest banks. The figures will help the government determine how much of an existing $100-billion eurozone rescue loan — earmarked for the banks — it should use.In corporate developments, Canaccord Financial Inc. is closing 16 branches of its wealth management firms across the country and reducing the number of advisors at the remaining Canadian locations, which will be concentrated in major cities. Shares of the company dropped 34 cents to $5.76.Valeant Pharmaceuticals International, Inc. says it has paid $112.5-million to acquire the rights to Visudyne, a treatment for a common form of age-related blindness. Under the deal with Vancouver-based QLT Inc., which developed Visudyne, Valeant could pay up to an additional $20-million. Valeant shares moved up 40 cents to $53.75. QLT shares were up 56 cents to $7.97.WestJet Airlines Ltd. is adding British Airways to its list of code-share partners, which will allow its customers to book flights to several Canadian cities through the UK-based carrier. WestJet shares were down 19 cents to $17.17.Hanfeng Evergreen Inc., a fertilizer company focused on China and other Pacific Rim countries, says it has taken a $10-million writedown to reflect the reduced value of its publicly-traded stock. The company, which has its Canadian head office in Toronto, said the writedown and other charges resulted in a loss of $2.5-million or four cents per share in its fiscal fourth quarter. Hanfeng shares were ahead three cents to $1.77.The TMX Group Ltd. says Alpha Group CEO Jos Schmitt and chief listings officer Randee Pavalow have resigned about six weeks after the rival exchanges were both acquired by a consortium of Canadian banks, pension funds and investment firms. A replacement for Schmitt will be announced prior to his departure. TMX shares fell 99 cents to $50.01.In the U.S., shares of Apple Inc. were lower after sales of the new iPhone 5 missed analysts’ expectations. The company sold five million units in three days. Shares fell 1.3% or $9.30 to $690.79.And Facebook Inc.’s stock was lower after Andrew Bary at financial magazine Barron’s said he thinks Facebook’s stock is worth $15, well below its current price even with Monday’s drop. Shares dropped 9% or $2.07 to $20.79.Here’s the news investors were watching today:Indian firms bid for Conoco’s oil sands assets: SourcesHousing market cool down widespread across CanadaCanaccord Financial to close 16 branchesFacebook sinks after Barron’s says stock only worth US$15ON DECK TUESDAYECONOMIC NEWSCANADA8:30 a.m.Retail sales (July): Economists expect 0.2% gain from month before UNITED STATES9 a.m.S&P Case-Shiller home price index (July): Economists expect 0.8% gain from month before, 1.05% rise year over year 10 a.m.Conference Board consumer confidence index (Sept): Economists expect reading of 63.2, up from last month House price index: Economists expect 0.6% rise
Visiting Indian Army Chief, General Bikram Singh travelled to the Wanni today and met rehabilitated former LTTE cadres, the army media unit said.General Singh flew to the Security Forces Headquarters-Wanni (SFHQ-W) and Anuradhapura as part of his five day visit to Sri Lanka. In the Wannui he had talks with the Wanni Security Forces Commander Major General Boniface Perera, where he was briefed on the post war developments in the area. Major General Perera in his presentation touched on the question of re-building of infrastructure, reconciliation, resettlement, rehabilitation, humanitarian assistance. He also explained to him the issues many of the war-affected civilians are faced with, the army media unit said. General Singh visited the Poontottam Rehabilitation Centre for ex-Combatants and spoke to female rehabilitees undergoing sewing training in blouse-making.In Anuradhapura the Indian Army Chief visited the Jaya Sri Maha Bodhiya, Ruwanweliseya and Isurumuniya sacred places.
“I support Minister Swaminathan’s vision of making Sri Lanka mine-impact free by 2020,” said Ambassador Keshap. “As the world’s largest donor of global demining efforts, the United States is committed to addressing the land mine problem in Sri Lanka.” Ambassador Keshap and Minister Swaminathan also discussed ongoing demining work in northern and eastern Sri Lanka. “The United States will continue to work with President Sirisena, Prime Minister Wickremesinghe, Minister Swaminathan, and the people of Sri Lanka to help clear the remaining areas,” added Ambassador Keshap during televised remarks.For over 20 years, over $43 million in U.S. assistance to Sri Lanka’s demining efforts has included the donation of safety and field equipment, surveys on mine contamination for detection and land release, and mine-clearing operations with international and local non-government organizations. At a meeting today with D M Swaminathan, U S Ambassador Atul Keshap announced an additional $1.745 million (245 million LKR) for demining activities of international and domestic partners and the National Mine Action Committee (NMAC) under the Ministry of Rehabilitation, Resettlement, and Hindu Religious Affairs.In total, the United States has dedicated over $43 million (over 6 billion LKR) for demining assistance in Sri Lanka since 1993. The United States is also working to boost Sri Lanka’s own demining capacity through training for mine disposal units in the Sri Lankan military, including the Mine Detection Dog program. (Colombo Gazette)
The driver of a transport truck involved in a deadly crash with the Humboldt Broncos junior hockey team’s bus pleaded guilty Tuesday to all charges against him.Sixteen people were killed and 13 were injured when Jaskirat Singh Sidhu’s semi truck collided with Broncos bus in rural Saskatchewan last April.Sidhu was charged with 16 counts of dangerous driving causing death and 13 charges of dangerous driving causing bodily harm. According to Sidhu’s lawyer, Mark Brayford said that his client didn’t want to plea bargain and go to trial, he just wanted to plead guilty.The owner of the Calgary trucking company that hired Sidhu was also charged after the crash. Sukhmander Singh of Adesh Deol Trucking faces eight charges relating to non-compliance with federal and provincial safety regulations.
IBM promotes its “Watson” artificial brain for consumer apps, robots and other gadgets by The Associated Press Posted Jan 6, 2016 9:31 am MDT Last Updated Jan 6, 2016 at 7:59 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email LAS VEGAS, Nev. – The latest developments surrounding the consumer-electronics show in Las Vegas known as CES (all times local):6:15 p.m.IBM CEO Virginia Rometty says the future of gadgets is not just connectivity, but the ability to analyze and “think.”While IBM isn’t known for consumer technology, Rometty argued that her company’s “Watson” artificial brain can enhance a variety of consumer products. In a talk Wednesday at the CES gadget show, she announced new partnerships with three companies that will use Watson, the IBM “cognitive computing” system that ran the table on Jeopardy a few years back.Under Armour, the athletic apparel maker, is releasing a fitness app that uses Watson to analyze a users’ activity, weight and other data to make personalized recommendations for diet and exercise. Medtronic, which makes medical equipment, has developed an app that uses Watson to help diabetics track their blood sugar level, diet and other factors to warn them of impending hypoglycemic events up to three hours in advance.Rometty also introduced a humanoid made by Japan’s SoftBank that uses Watson’s intelligence to work as a mobile concierge in banks and stores. The robot uses voice recognition and synthesis to answer questions and recommend products based on the data it collects from customers.— Brandon Bailey, AP Technology Writer, San Francisco___5:00 p.m.In an event as large and sprawling as CES, sometimes it takes star power to attract attention — the type of star power that Las Vegas and Hollywood understand so well.Repeat celebrity CES attendees include former basketball star Shaquille O’Neal, comedian and television host Nick Cannon and radio/TV personality Ryan Seacrest. Shaq is here for Monster, the audio equipment maker; Seacrest has represented iHeartRadio and his own mobile keyboard company in the past. This year, both he and Nick Cannon, who was the event’s “entertainment matters ambassador” last year, are leading sessions on tech.Fitness trackers, of course, demand solid athletic endorsements, which is why sports stars such as football quarterback Tony Romo, Olympic swimmer Michael Phelps and baseball hall of famer Cal Ripken Jr. are making booth appearances. All three are representing Under Armour, which announced a new fitness tracker Tuesday.Most CES celebrity appearances anymore are reserved for evening performances or parties sponsored by various brands.Hip-hop artist Fetty Wap is featured at a Google cocktail party Wednesday. Chris Brown, a resident performer at Drai’s nightclub on the Las Vegas Strip who made news in the New Year when a woman accused him of battery, is the centerpiece of iHeartMedia’s annual CES party on Thursday. He’s denied any wrongdoing.— Kimberly Pierceall, AP Writer, Las Vegas___4:30 p.m.The automotive presence at the CES gadget show in Las Vegas has grown so large that the show’s organizers are bragging about supplanting Detroit.“You could say we’ve shifted the centre of gravity from Detroit to Las Vegas this week,” Gary Shapiro, CEO and president of the Consumer Technology Association, said Wednesday at the introduction of Chevrolet’s new all-electric Bolt compact car.Companies that make auto electronics such as computers, cameras, laser sensors and maps are ubiquitous at the Las Vegas show as the march toward autonomous cars gains speed. But they’re largely absent from the big Detroit auto show that opens next week.Big automakers such as Ford and General Motors are now saving technology announcements for CES, leaving the Detroit show for new product introductions.But those are down this year to 45, 10 fewer than last year.— Tom Krisher, AP Auto Writer, Las Vegas___4:00 p.m.Don’t forget to recharge your coffee mug.Some people slurp their coffee while it’s piping hot, others warm their hands with it till it cools to a drinkable temperature. A smart mug called Ember aims to keep it at the perfect temperature for two hours using a rechargeable battery.A touch sensitive logo indicates the temperature at which your java is resting, while turning the ring at the bottom lets you adjust that up or down. Apparently, most people enjoy their cup of joe at about 135 to 140 degrees Fahrenheit. A pop-up lid means you can drink from any direction without searching for the opening.Pre-orders for the Ember cost $129 and delivery is expected in May.— Ryan Nakashima, AP Business Writer, Las Vegas___3:30 p.m.General Motors executives say the new Chevrolet Bolt electric car was designed so it can handle a future filled with cameras, sensors and supercomputers on the way toward autonomous driving.“It is an upgradable platform for new technology,” CEO Mary Barra said Wednesday as she introduced the car’s production version, which boasts a 200-mile battery range, at the CES gadget show.The five-passenger Bolt, priced about $37,500 excluding a $7,500 federal tax credit, has a 10.2-inch touch screen and can be recharged to 80 per cent of its battery capacity in an hour on a 240-volt charger, she said. It will go on sale late this year as a 2017 model.The Bolt should help GM in its alliance to provide cars and eventually self-driving vehicles to ride-sharing service Lyft. The company announced a $500 million investment in Lyft on Monday.GM says the Bolt’s higher driving range, which competes with upstart Tesla Motors at a lower price, should draw buyers even with low gas prices. Research has shown that limited range is a big barrier to many drivers, the company said. “This takes that excuse away,” said GM product development chief Mark Reuss.— Tom Krisher, AP Auto Writer, Las Vegas___3:00 p.m.Celebrities with new Netflix shows owe much of their current success to technology, and as a result are, well, big fans of Netflix. But they’re a bit warier about the rest of the gadget world.Krysten Ritter, who stars in the Netflix series “Jessica Jones,” has a few ideas for new gadgets: a device that deactivates phones inside cars, and maybe a hoverboard “that doesn’t blow up.”Comedian Chelsea Handler, meanwhile, says she runs her house from her iPad, but that if she tries to turn on the TV, “the microwave goes off. It’s a mess.” Take that, Internet of Things!Actors Will Arnett (“Flaked”) and Wagner Moura (“Narcos”) are sanguine about the opportunities created by entertainment tech. Both expect TV watching to grow ever more immersive, with technologies like augmented and virtual reality putting viewers in the same room with actors.But only up to a point. Moura says he just hopes “we’re not going to be replaced by robots or anything.”— Kimberly Pierceall, AP Writer, Las Vegas___2:30 p.m.They aren’t Marty McFly’s self-lacing sneakers from “Back to the Future,” but Digitsole’s shoes promise to tighten and loosen with a touch of a smartphone app.The French company says the pair on display at this week’s CES gadget show in Las Vegas will sell for $450 starting around October.Another French company says it has solved the problem of matching one’s shoes to one’s outfit.Shoe retailer Eram, teamed up with tech firm BlueGriot to invent Choose, a shoe that the company says changes colours based on photos a person snaps — including images taken of a person’s other attire.— Kimberly Pierceall, AP Writer, Las Vegas___2:00 p.m.Sony unveiled a prototype TV capable of showing 4K programming with a brightness level it claims is four times as bright as its competitors.Using a technology it called Backlight Master Drive, the company said its prototype TV could emit 4,000 nits of brightness, which is four times as high as the 1,000 nits boasted by competitors LG and Samsung on their liquid crystal display TVs. It’s about 10 times brighter than most sets today.The company said the technology was unique to Sony. It also said it would launch an app called Ultra so users could buy and stream 4K movies that were also encoded for a new standard called high dynamic range (HDR). Titles to be made available include Sony Pictures films like “Elysium,” ”Chappie” and “Fury.”Sony also showed off a flagship TV it calls the X93D it will launch later this year to show 4K HDR movies and shows. It said it would brand all its new TVs that are capable of playing the new format with the “4K HDR” label, not the “Ultra HD Premium” label that is sanctioned by the UHD Alliance, a group of electronics makers and studios of which Sony is a member.— Ryan Nakashima, AP Business Writer, Las Vegas___1:45 p.m.The government says companies shouldn’t use “big data” to discriminate.The Federal Trade Commission on Wednesday released a report with recommendations on how companies should use big data, or huge sets of information, when they incorporate it into decisions like hiring or lending. Chairwoman Edith Ramirez said during a talk at CES that it’s important for companies to realize that using such data sets could exclude or hurt minorities.The FTC’s recommendations are not binding on businesses, but if they aren’t followed, the FTC may scrutinize their practices.The agency also says it will continue monitoring to see if companies’ practices violate existing laws and “bring enforcement actions where appropriate.”— Tali Arbel, AP Technology Writer, New York___1:30 p.m.For one week in Las Vegas, the likes of Samsung, Snapchat and a mobile game called Boom Beach are as visible as Britney, Cirque du Soleil and Donny and Marie.You can’t walk 10 paces down the Strip without buses telling you how to send digital cash, the monorail swooshing by leaving traces of cartoonish troops and tanks in its wake, or the walls of the city’s monument-sized casino-hotels informing your choice of instant-messaging app.Few are as omnipresent as ads for Boom Beach. As early as New Year’s Eve, massive animated ads for the combat-strategy game were playing on rotation across the side of Planet Hollywood.A representative for the company that owns the game, Supercell, didn’t answer an emailed question asking how much the company spent on the CES-week promotions, saying the company’s executives had been inundated with interest and couldn’t be reached.— Kimberly Pierceall, AP Writer, Las Vegas___1:00 p.m.A breathalyzer for fat-burning? The folks at Seattle-based Levl claim to have come up with just that.Blow into a small container for about five seconds then put it in a sensor-laden machine, and out pops a report that purports to tell you how much acetone you’re producing. A number around 4 on a 5-point scale suggests you’re incinerating the lipids. Below that and you might want to cut back on the carbs and get some exercise.A few days of changed behaviour can make a difference, the company says. The app is designed to encourage users who can manage a long streak of fat-burning; it estimates how many calories they’ll burn in fat per day. But there’s one big gotcha: drinking alcohol could throw off the reading and make it seem like you’re burning more fat than you are.The company aims to sell the product this year but hasn’t determined a price.— Ryan Nakashima, AP Business Writer, Las Vegas___12:30 p.m.The Federal Aviation Administration says it has developed a smartphone app to show drone operators where it’s OK to fly and what areas are off limits.FAA Administrator Michael Huerta also announced at a news conference at the CES gadget show in Las Vegas that by early Wednesday, 181,061 operators had registered their drones as new rules require.The FAA launched online registration Dec. 21. Officials say they hope registration will help them trace drones caught flying too close to manned aircraft or over crowds, and create a “culture of accountability.”The smartphone app, B4UFLY, uses maps that identify the operator’s current location and restricted areas in a radius around the operator. It’s available now for Apple devices from the App Store and for Android devices from the Google Play Store.— Joan Lowy, AP Writer, Washington___12:15 p.m.Kids tossing around a football probably hope to throw a perfect spiral in a big game one day. Technology is about to help them out.Sports equipment maker Wilson is preparing to release this year a smart football equipped with accelerometers that measures stats like spiral efficiency, spin rate, speed and distance. It can even tell if it was caught or dropped.Developed by a trained aerospace engineer, the ball knows to wake up its Bluetooth transmitter with a specific snap motion, says Bob Thurman, Wilson’s vice-president of innovation. And because it can ignore the toss back by the receiver, a future Hall of Famer can drive down the field under time pressure without actually going anywhere. Talk about fantasy football.Wilson is already selling a smart basketball for $199 that can tell whether you’ve swished or missed and keeps track of your lifetime stats. It wakes up by being spun in the air. Thurman says the ball is 97 per cent accurate at reading misses or makes. That’s probably better than your free throw percentage.— Ryan Nakashima, AP Business Writer, Las Vegas___11:30 a.m.Chinese drone maker Ehang Inc. is unveiling what it calls the world’s first drone capable of carrying a human passenger.Ehang’s booth in the Las Vegas Convention Center features a prototype of the Ehang 184 — covered with a cloth for a planned noon unveiling. In the meantime, the company played a video of the vehicle flying over cityscapes. It looks like a small helicopter but with four doubled propellers spinning parallel to the ground like other drones.According to the company, the electric-powered drone can carry up to 100 kilograms of weight (220 pounds) and fly for 23 minutes at sea level. With propellers folded up, it’s designed to fit in a single parking spot. The cabin fits one person and a small backpack and even has air conditioning and a reading light, Ehang said.Some of the company’s claims border on the heroic. The company said the drone can be fully charged in 2 hours, adding that after setting a flight plan, passengers only need to give two commands, “take off” and “land,” each controlled by a single click.U.S. authorities are just starting to lay out guidelines for drone use, and a human-passenger drone seems certain to face strict scrutiny.— Ryan Nakashima, AP Technology Writer, Las Vegas___11:15 a.m.The beginning of life itself? Now there’s an app for that.Pregnancy-test maker First Response is introducing a new Bluetooth-enabled stick that still requires nature’s call. But it’ll also distract a would-be mom with in-app videos or quizzes from BuzzFeed while she waits three minutes before she gets her answer.Pregnancy tests have evolved rapidly from sticks with one or two lines, to digital readouts that say “yes” or “no,” to tests that can detect a likely pregnancy several days before a missed period. Competitor Clear Blue also offers a digital test that it says can estimate the number of weeks a woman has been pregnant prior to taking the tests.Having the test talk to your phone may be a new development. The app is designed to stick around as a resource for expectant mothers; it offers a calendar aid for calculating the likely due date and assistance for reaching out to a doctor and for letting others in on the news via texts and email.First Response says the tests will ship to stores in the spring and should cost $14.99 or $21.99 depending on where they’re sold. That’s a bit more than the company’s other digital and analog versions that offer two for $9.99 or $14.99.— Kimberly Pierceall, AP Writer, Las Vegas___10:30 a.m.Netflix subscribers watched 12 billion hours of programming on the Internet video service during the final three months of 2015, a nearly 50 per cent increase from the previous year.CEO Reed Hastings disclosed the growth during a Wednesday presentation in Las Vegas at CES, a high-profile showcase for gadgets and technology services.Netflix entered the fourth quarter with 69 million subscribers compared to the previous year’s 53 million, a group that watched 8.25 billion hours of programming. That means Netflix subscribers watched a weekly average of 13 hours of programming in the 2015 period versus 12 hours in 2014.The company’s periodic revelations about the behaviour of its subscribers are one of the few ways outsiders can gauge the popularity of its series and movies.Netflix’s stock rose $2.40 to $110.07 in early afternoon trading.— Michael Liedtke, AP Technology Writer, San Francisco___10:00 a.m.The much-hyped Oculus Rift virtual reality headset will cost $599 and ship to 20 countries beginning on March 28, the company said Wednesday.Bundles that include a powerful computer needed to use the device will be available for pre-order in February starting at $1499.The pricing details and shipping information had been long awaited. Oculus, which Facebook bought in 2014 for $2 billion, began accepting pre-orders for the device at 11 a.m. E.T. on Wednesday.It will also be available in some undisclosed retail locations starting in April.The Rift comes with a built-in headphones and mic, sensor and an Xbox One controller. It also comes with a remote to help navigate virtual worlds.PiperJaffray analyst Gene Munster said the cost of the Rift is higher than the $449 he expected, but said he still expects a few hundred thousand units to sell during 2016.— Mae Anderson, AP Technology Writer, New York___8:15 a.m.The CES gadget show, which officially opens at 10:00 a.m. today in Las Vegas, has begun catering more heavily to startups hoping to break through the noise. The sprawling show has sections for wearable fitness gadgets, drones, autonomous vehicles, education, virtual reality, video games, robots, 3-D printers and smart homes.The startups will help fill a gap left by many of technology’s biggest names, who have been no-shows for some time. That roster includes Apple Inc., which has skipped the show since the 1990s, Microsoft Corp., which abandoned its keynote slot after 2012, Google’s parent company Alphabet Inc. and Amazon.com Inc.The Consumer Technology Association that runs CES is aiming for attendance this year at or below last year’s record 176,000.Shawn DuBravac, the CTA’s chief economist, argues the show’s maturity is a good thing because its focus has shifted over two decades from the “technologically possible” to the “technologically meaningful.” In other words, it’s no longer about a robot that can walk up steps. It’s about robots that actually mow your lawn.CES is first and foremost a venue for promoting the tech industry, and sometimes the hype falls flat. 3-D screen technology unveiled at CES in 2010 went from the next big thing to a mostly unused feature. Netbooks introduced in 2009 took a back seat to the iPad released a year later. And concepts such as the smart home have taken a really long time to materialize.— Ryan Nakashima, AP Technology Writer, Las Vegas People crowd around the EHang 184 autonomous aerial vehicle at the EHang booth at CES International, Wednesday, Jan. 6, 2016, in Las Vegas. The drone is large enough to fit a human passenger. (AP Photo/John Locher)
Ohio State senior Logan Melander performs on pommel horse against Michigan on Feb. 4. Credit: Daneyliz Rodriguez | Lantern reporterReturning from the Big Ten championships with their 14th conference title, the No. 3 Ohio State men’s gymnastics team prepares to hit the road for the NCAA championships. The journey, however, might not be the only thing on the minds of the athletes, as the Buckeyes mourn the loss of former team member, Larry Mayer, who passed away Monday evening.“We recently lost a member of our gymnastics family, and it was very hard for us,” said OSU coach Rustam Sharipov. “Larry Mayer was bright and a great athlete … Our thoughts go to his family and we are thinking of him. As for (the) NCAA championship, we’ve had some rough patches this season … but the guys work very hard and we are ready.”Mayer, 24, graduated in 2015 with a successful season, placing 10th on vault at the Big Ten event finals and seventh on vault at the team finals. He also won vault with a 15.150 against Michigan, and tied for second place on vault against Penn State with a 14.900. He was a two-time Academic All-Big Ten selection and a three-time OSU Scholar-Athlete.The NCAA championships start on Friday at the Christl Arena at The United States Military Academy at West Point.The championships qualifier begins Friday with two pre-qualifying sessions. The top three teams will advance to Saturday’s final session.Last season, the Buckeyes advanced to the 2016 NCAA championships with a second-place finish at the NCAA pre-qualifier at St. John Arena. However, it was Oklahoma who took home the title with a team score of 443.400 points. Stanford finished second with 434.050, while OSU placed third with 433.050.The Buckeyes will enter the championships ranked third in the all-around, second on pommel horse, third on rings, third on parallel bars and fourth on high bar.“We’ve basically just been making sure that everyone is healthy and everyone feels ready to go this weekend, but we’re actually so prepared that athletes who haven’t competed much this season will compete during the qualifier to give other guys a break,” said junior Seth Delbridge. “We’ve had a great season, and I just want to do the best that we can to earn the title. If we all go in with this outlook, I think we’ll do great.”OSU will compete in the first pre-qualifying session on Friday at 1 p.m. Team, all-around and event finals will take place on Saturday.
THE US SUPREME Court has temporarily blocked Boston College from turning interviews over to the government that academic researchers recorded with a former IRA member.The court today suspended a lower court order that the college give the US Justice Department portions of recorded interviews with convicted IRA car bomber Dolours Price. The PSNI want to get the recordings from federal authorities in the US as part of their investigation into the IRA’s 1972 killing of a Belfast woman.Price and other former IRA members were interviewed between 2001 and 2006 as part of The Belfast Project — a resource for journalists, scholars and historians studying the conflict in Northern Ireland.The stay granted by Justice Stephen Breyer ends on 16 November if there is no appeal to the Supreme Court.Sinn Féin leader Gerry Adams has repeatedly denied all the allegations made by Price about his role in the conflict.Read: Gerry Adams again rejects Dolours Price allegations > Read: Boston College IRA interviews must be given to PSNI by next months >
Iphone 4S : les opérateurs se lancent dans la batailleSFR fut le premier, il y a deux jours, à lancer son offre liée à l’octroi du nouvel IPhone 4S d’Apple. Aujourd’hui, c’est au tour d’Orange et de Bouygues telecom d’afficher leurs tarifs. La guerre des trois aura-t-elle lieu ? Après la charge agressive de SFR sur ses concurrents, prenant la forme d’une offre à 129 euros “Iphone 4S inside”, l’ennemi se relèvera-t-il ? À lire aussiFree Mobile fait-il du mal aux ventes d’appareils Apple ?Il semble que oui, puisque Orange propose lui aussi le dernier né de la gamme Apple, en blanc ou en noir et en version 16 GB pour 199 euros. L’iphone 4S 32 GB est proposé pour 299 euros et le 32 GB pour 399 euros. L’ensemble de ses offres sont, bien entendu, conditionnées à l’abonnement d’un des forfaits Origami de l’opérateur historique.Les moins chers (aux alentours de 70 euros) étant l’Origami Zen 5h, l’Origami Style 4h et l’Origami Star 2h pour Iphone.Bouygues Telecom annonce, pour sa part, que des tarifs : L’iphone 4S 16 GB sera disponible pour 249,90 euros et le 32 GB sera à 349,90. Pas de pré-ventes ni d’offres spécifiques liées. Le 12 octobre 2011 à 12:26 • Maxime Lambert
Ex-Manchester defender Rio Ferdinand claims the confidence in Jurgen Klopp’s Liverpool has seen them replace Jose Mourinho’s men as main title rivals to Manchester City.After nine Premier League games this season, the Red Devils are tenth on the log while City and Liverpool are level at the top with 23 points each.In the post-match analysis of Liverpool’s 4-0 win over Red Star Belgrade in the Champions League on Wednesday, Ferdinand bemoaned the negativity around Old Trafford at the moment.He also mentioned Mourinho’s poor man management is having a negative effect on his players, while Klopp’s encouragement is reaping the benefits at Anfield.Liverpool legend Nicol slams Harry Maguire’s Man United form Andrew Smyth – September 14, 2019 Steve Nicol believes Harry Maguire has made some “horrendous mistakes” recently, and has failed to find his best form since joining Manchester United.Ferdinand according to Manchester news said: “That’s a squad full of confidence and a manager feeding off that and then feeding the players more confidence by giving them the good vibes and congratulating them on a good performance.“At the other [Mourinho] it is a little bit different, the vibe is definitely a massive contrast. It’s chalk and cheese really.“It is great to hear a manager congratulate his players on a good performance and seems genuinely pleased and excited by the performances his players are producing for him.”
The Coast Guard is responding to a fuel spill in southeastern Cook Inlet.The Alaska Dispatch News reports that a 116-foot landing craft called Thor’s Hammer was sailing from Seward to Bristol Bay Saturday when it encountered heavy seas.The Coast Guard press release says a 9,000 gallon diesel tank the boat was carrying was punctured near where Cook Inlet meets the Gulf of Alaska.The Coast Guard said its Cutter Mustang was en route to the scene on Saturday.The release says the boat’s owner is working to contain and clean up the fuel. The Coast Guard says personnel from several federal and state agencies will also help.
APD police vehicles (Photo by Wesley Early, Alaska Public Media – Anchorage)Two teenagers were killed over the weekend in separate shooting incidents in Anchorage.Listen nowAt around 2:00 a.m. Saturday, Anchorage Police were notified that 18-year-old Elijah Zeller was dropped off at an area hospital with a gunshot wound.Zeller was pronounced deceased at the hospital.APD is investigating Zeller’s death as a homicide.Officers responded to the weekend’s second fatal shooting just after 2 a.m. Sunday, after receiving a call of shots fired near the intersection of 4th Avenue and Newell Street.When APD arrived on-scene, officers discovered 17-year-old Xeryus Tate dead in the street.Anchorage Police say the shooting does not appear to be random.Zeller’s and Tate’s next of kin have been notified.No arrests have been made in either case.Sunday’s homicide was Anchorage’s fourth in five days.UPDATE: via Associated PressA teenager was found shot to death early Sunday on the Anchorage’s east side.Listen nowThe 17-year-old boy was identified as Xeryus Tate. Police say their initial investigation indicates the shooting was not random.Police just after 2 a.m. took a call reporting a disturbance and shots fired.They found the boy dead of gunshot wounds in the area of east Sixth Avenue and Newell Street.No one was been arrested.The death is the third fatal Anchorage shooting in three days.
Map of JakartaA boat carrying at least 19 people has sunk in waters off South Sulawesi in Indonesia, leaving seven people dead, a disaster agency official said on Saturday.Head of the provincial disaster management agency H. Alamsyah said the boat capsized in Taneke waters of Makassar Strait.”Search for missing persons is underway now, involving navy, personnel from search and rescue office, and disaster agency office,” he told Xinhua news agency.
The Lalit Arpan festival has become a widely acclaimed landmark in the cultural calendar of the Capital and with its fame spreading beyond immediate boundaries, to be featured in this festival has become an attraction for several torchbearers of the classical performing arts genre. This year the festival will be featuring the following artistes – Shounak Abhisheki (Hindustani vocal) – from Pune, Grammy award winner Pt. Vishwa Mohan Bhatt (Mohan Veena) – from Jaipur, Vidushi Manju Mehta (well-known sitar arist) – from Ahmedabad and Vidushi Jayantimala and Rishika Mishra (Kathak). Also Read – ‘Playing Jojo was emotionally exhausting’This festival is now in its 13th year. The LalitArpan Samman awardees for this year are – Satish Gujral (Padma Vibhushan and an icon in the field of art), Pt Vishwa Mohan Bhatt (Grammy award winner and maestro of the Mohan Veena), Vidushi Shobha Koser (preserver and propagator of classical arts in Punjab), RK Dhingra (SNA awardee and a pioneer in the field of light design), Pt Laxman Krishnarao Pandit (eminent Hindustani Vocalist of the Gwalior Gharana), Sushma Seth (theatre and film actress), Niren Sengupta (senior artist and art educator) and Harish Narula (social philanthropist, Founder President, Bharat Shakti Cultural, Educational and Spiritual Society).WHERE: Stein Auditorium,India Habitat CentreWHEN: 17 and 18 September, 7pm onwards
Opinions expressed by Entrepreneur contributors are their own. 3 min read Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Mobility isn’t always about racking up frequent-flier miles. For 44-year-old retailer Rob Navarino, it means the freedom to move quickly from his back office to the showroom of his gourmet kitchen products store whenever a customer enters or a sales associate needs help. New mobile technology helps The Chef’s Shop owner see where he’s needed before he’s needed. The same technology also helps this single dad work in his home office while easily monitoring the activities of his 10- and 12-year-old children. “We’re not the kind of office where there is a lot of road time,” Navarino says, “but within our business, you can’t be tied to a desk, either.” The 14-year-old, million-dollar business in Great Barrington, Massachusetts, faced a communications quandary when it expanded onto the second floor of Navarino’s 7,000-square-foot building. Soon after the expansion, Navarino started having trouble locating and communicating with staff members because his two-line phone/intercom system didn’t work well on two floors. Enter the new SD4500 series from Motorola. This communications hub can tie together up to eight wireless telecommunications gadgets. That starts with a basic cordless handset on a landline, but can also extend to other handsets, a Motorola cell phone, surveillance cameras, and even a PC using VoIP over a cable or DSL modem. How it works: Once you plug your cell phone into the SD4500’s docking station, you can receive calls placed to that phone on any of the cordless handsets. Likewise, you can pick up any of the handsets to make a VoIP call. The cameras allow you to watch different rooms in your home or business via wireless audio and video feeds to a base station add-on. The SD4500 series was developed with small offices in mind, says Paul Alfieri, manager of Motorola’s connected home business sector. “Entrepreneurs I know live and die by the cell phone.” It didn’t take much to convince Navarino. He was already considering a comparable product with a price tag near $1,500. In contrast, the Motorola SD4500 costs from $70 (all prices street) for a cordless base unit and one handset to $100 for a corded base and phone, and an additional wireless handset. The camera/intercom and cell phone docking station are add-on modules priced at $80 and $100, respectively. Navarino says the system took him less than an hour to set up–it’s mainly a matter of putting in the batteries and registering the wireless components with the base station. Based on his success with the system at his office, where it has helped intrastaff communication, Navarino was inspired to install it at home. There, it helps him feel less guilty about working while the children are playing nearby. Says Navarino, “I feel more comfortable and secure.” Heather Clancy, editor of technology newsweekly CRN, has been covering the industry for 16 years. Register Now » March 17, 2006 Growing a business sometimes requires thinking outside the box.
Pavillon Le CorbusierPavillon Le Corbusier in Zurich reopensThe highly anticipated re-opening of Pavillon Le Corbusier in Zurich will fall on 11 May 2019.The legendary Charles-Édouard Jeanneret, otherwise known as Le Corbusier, revolutionised urban planning and was a pioneer of modernist architecture. His last building, the colourful architectural masterpiece that is Pavillon Le Corbusier will now operate as a public museum from May to November, run and managed by the Museum für Gestaltung Zürich on behalf of the City of Zurich.The opening exhibition Mon univers will explore Le Corbusier’s personal passion for collecting, thus providing visitors a glimpse into the many creative hats he wore as an architect, architectural theorist, urban planner, painter, draftsman, sculptor and furniture designer. Visitors will also be able to attend a varied educational program with guided tours, exhibition talks and workshops, as well as a concert series specially designed for the pavilion.With the goal of building an exhibition venue that combined his love for art and architecture, Le Corbusier managed to realise his vision of a “synthesis of the arts”.The ship-like construction is based on Le Corbusier’s Modulor system of proportions, and the building embodies a number of his other design principles as well as a kind of architectural legacy. These tenets include prefabrication, elements such as the access ramp and the small roof garden that recur throughout his oeuvre, and the “promenade architecturale,” a carefully conceived route through the building, to enable the visitor to optimally view and experience the architecture.The structure is the last completed design by the influential architect and his only building made of steel and glass.The colourful pavilion with its filigree look is renowned worldwide as an architectural gem and which gives Zurich a cultural highlight as a walk-through work of art.Visitors can wander through the rooms and discover the pavilion at their own pace. Across some 600sqm and four stories (including rooftop terrace), the pavilion offers various perspectives and vantage points.More information on opening hours, workshops and events at the Pavillon Le Corbusier can be found at www.pavillon-le-corbusier.ch; and for information on Zurich and wider Switzerland, head to www.myswitzerland.com. Source = Pavillon Le Corbusier
agentsRail EuropeViator Agents booking a minimum of $500 of Rail Europe Australasia products will receive a $20 credit towards any Viator sightseeing product, to be used in the same booking.The promocode ‘VIATOR20’ must be added to the online booking or quoted when speaking to a Rail Europe reservation team member.Bookings must be fully paid by 16 July 2019 to redeem the Viator credit.
As a part of its partnership with Hands Across the Water, Cruiseco has committed to the construction of a nursery at the Baan Tharn Namchai orphanage, the charity’s first location in Khao Lak, situated 80 kilometres north of Phuket. With the orphanage growing substantially over the years, children aged between zero and five now require their own space to play, grow and learn. Cruiseco, with the help of its passengers, cruise line partners and Travel Agent members aim to raise the funds to build this enhancement.Peter Baines, Founder of Hands Across the Water says, “Our mission is to provide ‘at risk’ children with a safe, caring and educational environment, allowing them to learn and expand their opportunities, empowering them to unite with their community, and lead happy, healthy and productive lives. All our projects, both large and small, are tailored to meet the local communities’ needs and promote long term improvements to provide them with a brighter future. We remain absolutely committed to ensuring that every cent donated is used to enhance the lives of the children, with zero per cent of the funds going towards administration or fundraising costs.”Go back to the e-newsletter > Go back to the e-newsletter >Cruiseco has just announced its partnership with Hands Across the Water, an Australian charity providing a safe, caring and educational environment for at-risk children across Thailand.Founded by Peter Baines, a former Australian Police Forensics Specialist, Hands Across The Water was launched to assist orphaned children following the devastation of the 2004 Boxing Day tsunami. With initially 32 children in its care, the charity has now expanded to support almost 300 children across Thailand, including Khao Lak and Chanthaburi.Steve Lloyd, CEO of Cruiseco, says, “Cruiseco provides travel experiences to thousands of passengers every year to explore, discover and learn. This comes with a social responsibility to assist those who are less fortunate. Cruiseco’s vision for its partnership with Hands Across the Water is to help enrich the lives of these children with education and opportunities.”