US stocks edge lower as tariff threat hits tech stocks

first_imgNEW YORK — U.S. stocks are slipping Tuesday morning as technology companies fall after President Donald Trump said he expects to put more tariffs on imports from China. That could increase the cost of products like laptops and smartphones. Other stocks are also lower after a strong gain the day before. Industrial conglomerate United Technologies is falling after saying it will split up into three smaller companies.KEEPING SCORE The S&P 500 index lost 6 points, or 0.2 per cent, to 2,667 at 10 a.m. Eastern time. The index jumped 1.6 per cent Monday. The Dow Jones Industrial Average fell 127 points, or 0.5 per cent, to 24,512. The Nasdaq composite dipped 13 points, or 0.2 per cent, to 7,069. The Russell 2000 index of smaller-company stocks slid 6 points, or 0.4 per cent, to 1,499.MORE TARIFF TURMOIL FOR TECH: Trump told the Wall Street Journal that he expects to raise tariffs on $200 billion in Chinese imports on Jan. 1. That increase, already scheduled, will raise the tax rate on those products to 25 per cent from 10 per cent. Trump also threatened again to place tariffs on all remaining U.S. imports from China.The administration’s current tariffs have driven up costs for many businesses, but consumers haven’t felt as much of a sting. Another round of tariffs on products like laptops and computers would change that. Trump is scheduled to meet with Chinese President Xi Jinping during the Group of 20 summit in Argentina later this week.Apple gave up 1.2 per cent to $172.55, and chipmakers also fell. Intel fell 1.4 per cent to $46.74 and Microchip Technology lost 2.4 per cent to $73.93.Apple stock has fallen 26 per cent since early October, a drop that wiped out almost $300 billion in value. Apple and Microsoft are now essentially tied for the title of the most valuable publicly traded company in the world. Microsoft hasn’t done any worse than the rest of the stock market in October and November and it was unchanged at $106.47 Tuesday. Apple’s current market value is about $819 billion to $817 billion for Microsoft.NO LONGER UNITED: United Technologies said it will split into three companies now that it has finished its $23 billion purchase of aviation electronics maker Rockwell Collins. The company’s aerospace and defence industry business will keep the United Technologies name, while its Otis elevator business and Carrier air conditioner and building systems unit will become separate companies.The stock fell 6.1 per cent to $120.16.BRISTOL BRUISED: Bristol-Myers Squibb fell after it reported disappointing results from a cancer drug study. The company said the combination of its drugs Yervoy and Opdivo did not impose survival for patients with small cell lung cancer. Bristol-Myers was studying the drug as a maintenance therapy for patients who had already finished a round of chemotherapy.The stock shed 4.6 per cent to $50.32.ENERGY: Benchmark U.S. crude rose 0.4 per cent to $51.85 a barrel in New York. Brent crude, the international standard, rose 0.3 per cent to $60.64 a barrel in London.BONDS: Bond prices edged higher. The yield on the 10-year Treasury note fell to 3.06 per cent from 3.07 per cent.CURRENCIES: The dollar edged up to 113.67 yen from 113.64 yen. The euro felt to $1.1303 from $1.1328.OVERSEAS: Germany’s DAX fell 0.2 per cent and the British FTSE 100 slid 0.4 per cent. In France, the CAC 40 lost 0.3 per cent.Japan’s benchmark Nikkei 225 added 0.6 per cent and South Korea’s Kospi rose 0.8 per cent. Hong Kong’s Hang Seng gave up 0.3 per cent.____AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAPMarley Jay, The Associated Presslast_img read more

Rahul Gandhi explains what it means to be a good brother

first_imgNew Delhi: Congress president Rahul Gandhi and his sister Priyanka Gandhi Vadra, who are on the campaign trail for the Lok Sabha polls, met each other at the Kanpur airport in Uttar Pradesh and shared a few light-hearted moments.Posting a video of their meeting on Facebook, Rahul Gandhi wrote: “Was nice meeting Priyanka at Kanpur Airport! We’re headed to different meetings in UP.” “Let me tell you what it means be a good brother. What it means is that I am doing these massive long flights and I am going in a little helicopter squeezed up. And she is doing short flights and going in a big helicopter,” he says in the video, with Priyanka Gandhi laughing and saying “that is not true”. But, I love her, the Congress chief added. The two also posed for photographs with pilots and the airport ground staff. While Rahul Gandhi was in Raebareli and Amethi on Saturday, Congress general secretary in-charge Uttar Pradesh (East) Priyanka Gandhi was in Unnao and Barabanki.last_img read more

UN peacekeeping chief arrives in Côte dIvoire confers with presidentelect

“As head of peacekeeping operations, my first objective is to come and support our missions, especially when they face particularly delicate moments as is now the case in Côte d’Ivoire,” Alain Le Roy, the UN Under-Secretary-General for Peacekeeping Operations told reporters after the meeting with Mr. Ouattara and his team in Abidjan, the commercial capital of Côte d’Ivoire.“UNOCI [UN Operation in Côte d’Ivoire] is facing a population and political leaders who are partially hostile to its presence,” Mr. Le Roy added. He said UN will continue to provide support to UNOCI to ensure that it fully and firmly fulfils its mandate.“President Ouattara found that UNOCI was fulfilling its mandate satisfactorily but said, however, that there were still improvements to be made,” Mr. Le Roy said, stressing that the UN mission was not at war with anyone in the country.“We protect civilians as impartially as possible because we have to protect civilians whoever they are, whatever their political affiliation or ethnic group,” Mr. Le Roy added.Asked whether he might meet Laurent Gbagbo, the outgoing president who has refused to step down after he was defeated by Mr. Ouattara in the run-off poll held on 28 November, Mr. Le Roy said that he had requested a meeting and was awaiting response.Mr. Le Roy also met with the African Union’s (AU) representative in Côte d’Ivoire, Ambroise Niyonsaba, and French Ambassador Jean-Marc Simon to discuss the post-election crisis.“The United Nations, AU, Economic Community of West African States (ECOWAS) and the entire international community are working together to help Côte d’Ivoire to achieve peace and they are making great efforts in this regard in order to get out of this difficult situation,” Mr. Niyonsaba said after the meeting with Mr. Le Roy.Mr. Simon appealed for calm and urged all parties to avoid violence. “Everyone has to listen to reason,” he said.Côte d’Ivoire, the world’s largest cocoa exporter, was split by civil war in 2002 into a Government-controlled south and a rebel-held north. UNOCI has been supporting reunification efforts, of which November’s vote, which was delayed for five years, was a crucial step.Cote 27 December 2010The head of the United Nations peacekeeping operations arrived in Côte d’Ivoire today and met president-elect Alassane Ouattara, while stressing his department’s support for the UN mission in the West Africa country, which has plunged into political uncertainty following the outgoing leader’s refusal to stand down after losing the election. read more

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,742.20, down 58.20 points):Birchcliff Energy Ltd. (TSX:BIR). Oil and gas. Up seven cents, or 1.34 per cent, to $5.31 on 7.1 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Down 52 cents, or 3.83 per cent, to $13.07 on 6.2 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 1.28 per cent, to $2.32 on 5.6 million shares. The Montreal-based company’s rail division informed the Toronto Transit Commission (TTC) that because of supply chain issues it will deliver 65 vehicles by the end of the year, short of its original target of 70.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down five cents, or 1.67 per cent, to $2.95 on 4.6 million shares.Encana Corp. (TSX:ECA). Oil and gas. Down eight cents, or 0.56 per cent, to $14.27 on 3.7 million shares.Kirkland Lake Gold Inc. (TSX:KLG). Miner. Down $1.64, or 8.87 per cent, to $16.85 on 3.2 million shares.Companies reporting major news:BlackBerry Ltd. (TSX:BB). Wireless communications. Up 14 cents, or 0.99 per cent, to $14.34 on 1.6 million shares. The Waterloo-based company and smartphone maker Blu Products have signed a patent license agreement and ended their legal fight. Under the deal, Blu will make on-going payments to BlackBerry. Additional terms of the agreement were confidential.Husky Energy Inc. (TSX:HSE). Oil and gas. Down 30 cents, or 1.91 per cent, to $15.44 on 950,012 shares. The Saskatchewan government has given Husky Energy the OK to restart a pipeline after a major oil spill along the North Saskatchewan River in July 2016.The Jean Coutu Group Inc. (TSX:PJC.A). Drug store chain. Down eight cents, or 0.32 per cent, to $24.66 on 387,013 shares. The Quebec-based pharmacy chain earned $47.8 million (26 cents per diluted share) in its second quarter, down from $51.5 million (28 cents per diluted share) a year ago. Revenue in the quarter totalled $744.3 million, up from $701.2 million a year ago. Last week, Jean Coutu agreed to a $4.5-billion takeover offer from grocery store chain Metro Inc. read more

UNP slams UPFA over statements on polls

He said that the people of the country should align themselves together to reply to these politicians and their followers who make frantic statements in a civilized world. Hashim said that the UNP is confident that in the election to be held on the 17th of August the people will act prudently and take the correct decision to continue with the present civilized administration and to throw out the uncivilized, undisciplined band of goons to the political garbage dump of history. (Colombo Gazette) The United National Party (UNP) today slammed the United People’s Freedom Alliance (UPFA) over some statements made with regards to the August 17 Parliament election.UNP General Secretary Kabir Hashim said that the statements recently made by the General Secretary of the Sri Lanka Freedom Party (SLFP) Anura Priyadharshana Yapa and two other stalwarts of the United People’s Freedom Alliance (UPFA) Prof. Nalin de Silva and singer Madumadhawa Aravinda, clearly indicate the extent of the frenzy the UPFA followers are driven into, facing certain defeat looming large at the upcoming polls. “Mr. Anura Priyadharshana Yapa contends that the election process is muzzled by giving effect to unnecessary laws and regulations. He further states that holding an election without demonstrations, cut-out portraits and posters is something similar to an attempt to keep fish without water.  Prof. Nalin de Silva states that they would chase away the President of the country after the 17th of August.  Songster Madumadhawa Aravinda states that on the 17th of August they will gate-crash into the Temple Trees premises and chase away the Prime Minister Hon. Ranil Wickremesinghe,” the UNP General Secretary said. The UNP General Secretary said that the message made loud and clear through those statements is that the followers of the Alliance are unable to respect and abide by the Constitution of this country.“Furthermore, it demonstrates their inability to behave in a manner keeping in line with the morality that the people are used to respect. Those elements have demonstrated in no small measure of their inability to free themselves from the brutal and uncivilized administration and behave as law abiding citizens.  Their efforts are aimed at reinstalling violent politics and the white van culture which prevailed earlier and re-establish the unruly, harsh, destructive family political bandism rejected by the people of this country on the 8th of January,” he added. read more

Most actively traded companies on the TSX TSX Venture Exchange markets

Most actively traded companies on the TSX, TSX Venture Exchange markets by The Canadian Press Posted Nov 28, 2012 6:34 pm MDT TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (12,140.33 up 28.70 points):Research In Motion (TSX:RIM). Wireless technology. Up 30 cents, or 2.80 per cent, at $11 on 8,370,816 shares. The stock closed higher despite news that Nokia Corp. asked courts in several countries to uphold an arbitrator’s ruling that could prevent RIM from using certain patented technology, unless it pays royalties to the Finnish cellphone maker.Poseidon Concepts Corp. (TSX:PSN). Fluid handler. Down $1.22, or 23.11 per cent, at $4.06 on 5,957,322 shares.Talisman Energy Inc. (TSX:TLM). Oil and gas. Down six cents, or 0.52 per cent, at $11.42 on 5,630,969 shares.B2Gold Corp. (TSX:BTO). Miner. Down six cents, or 1.67 per cent, at $3.54 on 4,282,518 shares.Kinross Gold Corp. (TSX:K). Miner. Up eight cents, or 0.79 per cent, at $10.27 on 3,920,341 shares. The gold sector was up 0.48 point to 312.24 points on the main index.Spartan Oil Corp. (TSX:STO). Oil and gas. Down three cents, or 0.66 per cent, at $4.52 on 3,544,761 shares.TSX Venture Exchange (1,205.37 down 0.80 point):Pinecrest Energy Inc. (TSXV:PRY). Oil and gas. Down two cents, or 1.20 per cent, at $1.64 on 15,705,709 shares. The Calgary-based company booked third-quarter income of $4.6 million or two cents per share. That`s more than double its year-earlier profit of $1.7 million or a penny per share. Revenue jumped 60 per cent to $21 million. The company has agreed to merge with Spartan Oil Corp. (TSX:STO), subject to shareholders’ approval in January.Oceanic Iron Ore Corp. (TSXV:FEO). Mineral explorer. Up half a cent, or 3.45 per cent, at 15 cents on 7,604,100 shares.Companies reporting major news:Celtic Exploration Ltd. (TSX:CLT). Oil and gas. Up three cents, or 0.12 per cent, at $26.03 on 1,711,301 shares. Imperial Oil (TSX:IMO) says it will invest $1.55 billion to acquire a half interest in the assets of Celtic. The Calgary-based oil and natural gas exploration and production company is currently in the process of being fully acquired by ExxonMobil Canada Ltd. in a transaction worth $3.1 billion. Shares in Imperial Oil were up 47 cents, or 1.11 per cent, at $42.98 on 665,148 shares.CGI (TSX:GIB.A). Information technology. Down 93 cents, or 3.87 per cent, at $23.12 on 2,112,979 shares. The Montreal-based company posted a fourth-quarter net loss of under $170 million or 58 cents per diluted share, compared with a profit of $69.6 million or 26 cents per share in the year-earlier period. Revenue rose to $1.61 billion from just over $1 billion.Inmet Mining Corp. (TSX:IMN). Miner. Up $9.20, or 17.42 per cent, at $62 on 2,444,736 shares. The Toronto-based miner rejected an unsolicited takeover offer from First Quantum (TSX:FM) worth $4.9 billion. Inmet says its board of directors has determined the offer is not in the best interest of its shareholders. The company also announced a shareholder rights plan, or so-called poison pill, a common tactic used to fend off hostile takeovers. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email

Business Highlights

Business Highlights by The Associated Press Posted Aug 12, 2015 3:54 pm MDT Last Updated Aug 12, 2015 at 4:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email ___As Chinese yuan falls more, some see little cause for alarmWASHINGTON (AP) — A free-falling Chinese currency could make China’s goods cheaper for foreigners, squeeze Western companies, discourage Chinese tourism, increase China’s exports and complicate the Federal Reserve’s decision on whether to raise American interest rates.If the yuan keeps falling, that is.The Chinese currency sank again Wednesday, a day after Beijing engineered the biggest one-day decline in the yuan in a decade.___No easy formula for best time to book airline ticketsTravellers dream of the perfect trick to find the cheapest airfare every time, every trip.There are theories, some of them backed up by real number-crunching — shop on a Tuesday, 57 days before your flight. But using a tidy formula to find the cheapest fare may be as futile as trying to time the stock market.Airlines Reporting Corp., which handles tickets sold through travel agents, pinpointed Day 57 as when you’ll find the cheapest average domestic fares. But in a nod to the inexactness of the science, it also said that the lowest domestic prices are relatively unchanged about 50 to 100 days before a flight.___Top workers buying businesses from retiring boomer bossesNEW YORK (AP) — As retiring baby boomers look to sell the small businesses they have run for years, top employees are often becoming the boss.The new owners are likely to be general managers, chief operating officers or foremen who have worked for the company for many years and have the savvy to run the business well.Between them, Chris Goodrich and Les Korsos have nearly 25 years at Ewing Sports, a company that sells soccer uniforms to school and other teams. Goodrich, the general manager, and Korsos, the sales manager, closed a deal for the Ewing, New Jersey-based company in July.___US hiring reaches six-month high in June; quits also riseWASHINGTON (AP) — U.S. employers filled more of their available jobs in June, evidence that steady if modest economic growth is putting more Americans to work.The Labor Department said Wednesday that total hiring rose 2.3 per cent to 5.18 million in June, the most in six months and second-highest total since the recession ended in June 2009.Employers posted fewer job openings, but that figure has risen strongly in the past year. And more people quit their jobs, which is a good sign because many people quit when they have new jobs lined up, typically at higher pay. More hiring, quitting and healthy levels of job openings could pressure companies to lift wages.___US budget deficit swells in July due to calendar quirkWASHINGTON (AP) — The U.S. government ran a much higher budget deficit in July than a year ago, but it’s still on track for the lowest full-year deficit in eight years.The Treasury Department said Wednesday that the July deficit totalled $149.2 billion, up from a deficit of $94.6 billion a year earlier. The deterioration stemmed mainly from the fact that Aug. 1 fell on a Saturday. As a result, the government paid out $42 billion in August benefits in late July instead.___Global Blood Therapeutics latest biotech to double in debutNEW YORK (AP) — Blood disorder drug developer Global Blood Therapeutics shares more than doubled Wednesday as the company became the latest biotechnology company to get a powerful response from investors in its stock market debut.Global Blood Therapeutics Inc. says its treatment for sickle cell disease might stop red blood cells from becoming misshapen, treating the disease rather than its symptoms. The drug, GBT440, is in early clinical testing: as of July 31, it had been given to 30 healthy volunteers and six people with sickle cell disease. The company wants to begin at least one mid-stage trial of the drug in early 2016.___Alibaba’s 1Q sales short of expectations, shares fallNEW YORK (AP) — With sales growth slowing in China, Alibaba is looking across its borders to give sales a boost.The Chinese e-commerce powerhouse reported first-quarter net income more than doubled on strong growth across its online and mobile platforms.Though revenue jumped 28 per cent, the growth fell short of Wall Street expectations and shares fell 6 per cent in early trading.Conlumino analyst Neil Saunders pointed out that revenue growth over the past fiscal year was 39 per cent, and it reached 59 per cent the year before that.___Macy’s sets its sights on China amid tough US climateNEW YORK (AP) — Macy’s Inc. is setting its sights on Chinese shoppers, with plans to test selling goods online in the world’s second-largest economy late this year.The news, announced Wednesday, came as the retailer reported a 26 per cent drop in second-quarter profit and sales that came in short of Wall Street expectations. The company cut its annual sales forecast, and its shares tumbled 5 per cent Wednesday.___Kraft Heinz slashing 2,500 jobs in US, Canada after mergerNEW YORK (AP) — Kraft Heinz says it is cutting about 2,500 jobs as part of its plan to slash costs after the food companies combined.Spokesman Michael Mullen says affected workers are in the U.S. and Canada and were to be notified in person. About 700 of the cuts were coming in Northfield, Illinois, where Kraft had been headquartered.The company would not specify where other cuts were taking place but said that all the jobs were salaried. It said none of the job cuts involved factory workers.___Pipeline: US review taking 5 times longer than averageWASHINGTON (AP) — The U.S. government review of the proposed Keystone XL oil pipeline from Canada to Texas has dragged on for nearly seven years, more than five times the average for such applications.The White House insists it’s simply following a standard and well-established process.In the 6 1/2 years since TransCanada Corp. first applied for a permit, the $8 billion project has become a flashpoint in the debate over climate change.___Acts find unique ways to sell music, reach fans on TwitterATLANTA (AP) — From Kanye West to Taylor Swift to Rihanna, more and more musicians are debuting audio, photo and video content on Twitter to boost marketing efforts without spending big bucks.The social networking platform has also been used by The Rolling Stones and Diana Ross, who recently created accounts to connect with millennials.West unveiled his new album title on Twitter in February. In the same month, Lady Gaga used Twitter’s new video product tool to announce her role on the upcoming season of FX’s “American Horror Story: Hotel.”___Rdio enables saving of tracks from 500 live radio stationsLOS ANGELES (AP) — Rdio, the music subscription service backed by Skype co-founder Janus Friis, is partnering to bring simulcasts of 500 traditional radio stations to its app in the U.S.The move is the next step in its partnership with station owner Cumulus Media Inc., which took a 15 per cent stake in Rdio in 2013.By gaining access to data about what’s playing on the Cumulus-owned stations, like KFOG in San Francisco or KLOS in Los Angeles, the app now allows users to pick favourite tracks and save them for later playback. Playback requires a subscription of at least $4 a month, which caps offline listening at 25 songs. Rollout with other stations and in other countries is planned over the next year.___Greek bailout details pored over across EuropeATHENS, Greece (AP) — Details of Greece’s latest bailout package were being pored over across Europe on Wednesday as Prime Minister Alexis Tsipras insisted the agreement with creditors would put “a definitive end” to the country’s economic uncertainty.Tsipras has called an emergency session of parliament to discuss and vote on the bill, which includes painful tax hikes and spending cuts, in time for a confirmed meeting Friday of the eurozone’s 19 finance ministers in Brussels.___By The Associated Press=The Dow Jones industrial average lost 0.33 of a point to close at 17,402.51. The Standard & Poor’s 500 index finished with a gain of 1.98 points, or 0.1 per cent, at 2,086.05. The Nasdaq composite inched up 7.60 points, or 0.2 per cent, to 5,044.39.U.S. crude rose 22 cents to close at $43.30. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 48 cents to close at $49.66 in London. Wholesale gasoline rose 7 cents to close at $1.764 a gallon. Heating oil rose 2.4 cents to close at $1.587 a gallon. Natural gas rose 8.7 cents to close at $2.931 per 1,000 cubic feet. read more

Five things to watch for in the Canadian business world in the

by The Canadian Press Posted Nov 20, 2016 8:00 am MDT Last Updated Nov 20, 2016 at 8:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Five things to watch for in the Canadian business world in the coming week TORONTO – Five things to watch this week in Canadian business:Economy: Statistics Canada releases the wholesale trade figures for September on Monday followed by retail sales figures for September on Tuesday. The data will help fill out the picture about how the economy fared in the third quarter.Earnings: The earnings season frenzy has settled down — but that doesn’t mean there aren’t big-name companies to look out for. Convenience store operator Alimentation Couche-Tard and bakery goods and grocery giant George Weston both release their latest quarterly results Tuesday.Amaya: A securities tribunal in Quebec will resume hearings Wednesday into allegations that David Baazov, the former CEO of Montreal-based gaming company Amaya, was involved in insider trading. Baazov has maintained his innocence.Ontario Cap and Trade: The fiscal impact of Ontario’s cap and trade program will be the focus of a report to be released Wednesday by the province’s temporary financial accountability officer. The Liberal government has predicted the program will add about $5 a month to home heating bills and four cents a litre to gas prices when it takes effect next year.Talking Climate Change: Federal Environment Minister Catherine McKenna will speak Friday about the government’s strategy to combat climate change before the Toronto Region Board of Trade. A key component of that plan is a carbon tax, effective 2018. read more

Profs book chronicles corporate social responsibility in mining

Hevina Dashwood’s new book explores corporate social responsibility in the mining industry.When Hevina Dashwood began looking at the issue of corporate social responsibility (CSR) in the mining sector, she encountered a number of surprising research findings.The associate professor of political science thought she would find a “top-down” process where international corporate social responsibility principles and practices would filter down slowly from the global level and eventually be adopted by individual mining companies.“What I didn’t expect to see was mining companies acting at a political level globally. They were acting as if they were states because they were setting rules by engaging in governance at the global level for their industry,” she says.“Furthermore, mining companies adopted sustainable development as a normative framework for their emerging CSR policies, which at first glance, would seem inconsistent with the mining of depleting resources.”Hevina Dashwood’s new book.Dashwood’s recently released book, The Rise of Global Social Corporate Responsibility, examines how global norms influenced the mining industry to adopt – and in some cases, trailblaze – corporate social responsibility and sustainable development policies and practices.These include preserving the environment, consulting with communities on access to land, supporting community development projects, respecting human rights, and other internationally recognized principles.In her book, Dashwood draws on insight from international relations theory and develops a theoretical framework based in institutional analysis to explain corporate social responsibility adoption in the mining industry beginning in the mid-1990s.Extensive interviews with key decision makers from three Canadian mining companies, Noranda, Placer Dome and Barrick Gold, provided insight into corporate social responsibility policies and programs.“It’s theoretically interesting and unexpected that some mining companies would actually choose to be responsive to societal pressures and even take on, in some cases, a leadership role in promoting global standards for the industry,” she says.Some leading mining companies became “early adopters” of corporate social responsibility, setting an example for their competitors. Some companies even worked with national governments, and national and global industry associations to set environmental and social standards that all companies in the industry would adhere to.Dashwood attributes this proactive approach in part to what she calls a “critical juncture” that took place in the late 1990s. At the time, the mining industry was under heavy fire from advocacy groups and non-government organizations for practices that harmed environments, local workers and communities.At the same time, the United Nations Environment Programme (UNEP) and other international bodies were shaping treaties that limited mining companies’ access to land.And, global financial institutions, such as the World Bank, were coming under increasing pressure to attach environmental conditions onto their lending, restricting access to finance for some companies.Worried that their position would further be eroded at the then-upcoming 2002 World Summit on Sustainable Development, the mining industry mobilized itself to take on its critics.In 2001, the industry formed the International Council on Mining and Metals (ICMM), which adopted the normative framework of sustainable development. The ICMM’s role is to develop standards for the global mining industry and to identify existing global standards that would be applicable to the mining sector.For example, it worked with the Global Reporting Initiative, a non-profit organization that promotes economic, environmental and social sustainability, to come up with reporting criteria relevant to the mining industry.The ICMM also encourages its members to adopt ISO environmental standards, with the most relevant one for mining requiring external or independent certification.Dashwood says much of a company’s willingness to embrace corporate social responsibility policies and practices boils down to the personal commitment of those at the top.“The role of leadership was critical,” she says. “In some mining companies you had executives that were ‘norms entrepreneurs’; they sought to promote the norm of sustainable development within their industry.”Dashwood says that, looking back over the past couple of decades, she thinks the mining industry’s adoption of corporate social responsibility policies and practices reflects a significant culture shift for the industry.“You can really see the shift in thinking on the part of the mining industry,” she says. “Some people brush it off and say, ‘Ah, it’s just PR but it’s not just PR. In fact, you can trace over time where they started from, which was denial and obstruction, to a willingness to engage with their critics and adopt and implement CSR policies and practices.”The Rise of Global Social Corporate Responsibility: Mining and the Spread of Global Norms, is published by Cambridge University Press. read more

2 Ohio State football players no longer with team

Two Ohio State football players are no longer with the team. Sophomore linebacker Conner Crowell and freshman offensive lineman Joey O’Connor “will no longer play football for the Buckeyes,” according to OSU athletics news release Wednesday. Crowell, who has had two surgeries to repair damage suffered from a lower-leg injury, will not be medically cleared by the team’s medical staff and O’Connor has requested a transfer to be closer to home, per the release. Crowell came to OSU as a three-star prospect, according to Rivals.com before sitting out the 2011 season as a redshirt. This past season, Crowell totaled one tackle in the three games he played in. A native of Waldorf, Md., Crowell amassed 212 tackles, nine sacks and five interceptions in his junior and senior seasons at North Point High School. O’Connor came to Columbus as a four-star prospect, according to Rivals.com before sitting 2012 as a redshirt. read more

Celebrating Bonegillas Greek past

first_img Facebook Twitter: @NeosKosmos Instagram An exhibition paying homage to Greek migrants who were housed in Block 19 at Bonegilla has been given $13,000 by the Victorian Government. The Bonegilla Migrant Experience exhibition will pay tribute to the 300,000 plus displaced people and migrants from the end of World War II to it’s closure in 1971. Minister for Multicultural Affairs and Citizenship Nicholas Kotsiras said that this exhibition “is important to preserve the memory of post-war Greek immigrants whose first experience of Australia was the Bonegilla migrant settlement centre”. The heritage listed attraction was Australia’s biggest and longest running migrant reception centre, this camp was built “originally to promote assimilation was really the birth place of multiculturalism,” Kotsiras said. “Bonegilla is part of all our heritage and can be a great learning and tourism centre for all Australians to enjoy.” “It was through Bonegilla that many Greeks, other immigrants and displaced persons, went off to work on great engineering projects like the Snowy River hydro-electric project as well as other sectors of the economy.” The Bonegilla Migrant Experience celebrates the tremendous contribution our migrant communities have made to Australia.last_img read more

Les mammifères ont évolué en fonction des changements climatiques

first_imgLes mammifères ont évolué en fonction des changements climatiquesSelon une récente étude américaine, les mammifères d’Amérique du Nord, sur les 65 derniers millions d’années, ont évolué en fonction des changements climatiques.Dans une étude publiée dans les Proceedings of the National Academy of Sciences, des chercheurs américains ont déterminé que, en Amérique du Nord, la plupart des explosions de diversité chez les mammifères correspondait à des changements majeurs dans les températures. Sur les six phases démographiques majeures, quatre montrent des corrélations statistiquement significatives et les deux transitions, plus faibles, correspondent aux périodes où les mammifères d’autres continents sont arrivés en grand nombre.À lire aussiCette vidéo retrace l’évolution de nos ancêtres en moins de 2 minutes”Bien que nous ayons toujours suspecté que d’une manière générale les mammifères réagissaient aux changements climatiques au cours du temps, il y avait une controverse quant à savoir si cela pouvait être démontré de façon quantitative”, explique Christine Janis de l’université Brown cité par Sciences et avenir. “Nous montrons que l’apparition et le déclin des mammifères sont corrélés avec les changements climatiques (baisse ou hausse des paléo-températures mondiales) mais aussi influencés par plusieurs autres perturbations locales comme les mouvements migratoires”, ajoute-elle encore.Mais l’étude fournit aussi des renseignements sur la nature des évolutions observées chez les mammifères. Par exemple, après un épisode de réchauffement durant le Miocène (de -20 à  -5 millions d’années) la végétation s’est transformée et la forêt a laissé la place à la savane. Après cette période, la plupart des herbivores qui constituaient “la faune du Miocène” a connu une évolution de leurs dents qui leur a permis de profiter des sources de nourriture diversifiées de leur nouveau milieu.Le 1 janvier 2012 à 12:12 • Maxime Lambertlast_img read more

Crown Jewel Highlights Tag Main Event Lesnar vs Strowman World Cup Kurt

first_img Video: Watch the live WWE Clash of Champions Kickoff Show from Charlotte tonight Facebook Adam Martin RELATED ARTICLESMORE FROM AUTHOR WWE posted these highlights following the Crown Jewel event earlier today. Live Podcast: Reviewing and discussing WWE Clash of Champions from Charlotte Google+ For more Crown Jewel videos, visit WWE’s official YouTube channel. WhatsApp Wrestleview Live #65: Reviewing and discussing WWE Clash of Champions from Charlotte Pinterest Twitterlast_img

Official Declan Rice extended his West Ham contract

first_imgThe 19-year-old will continue playing for the Hammers, after extending his contract to at least 2024 in the English Premier LeagueThere is much to celebrate today for West Ham United Fans.Ireland national team footballer Declan Rice, has signed to at least 2024 with the Hammers.The 19-year-old has made 51 appearances for his team and signed a new contract with the option to extend it for a further year.“I’m absolutely delighted to have got the contract done, signed and to commit my future to the club until 2024. I’m absolutely ecstatic,” Rice told reporters as quoted by AFP.Mason MountRice tips Mount for greater things Taimoor Khan – September 11, 2019 Declan Rice says that Mason Mount is going to match the exploits of Frank Lampard when he was in his prime during his playing…“Without a doubt, the plan was always to stay at West Ham.”“I’ve had the support from the fans, from the players and from the manager (Manuel Pellegrini) and now, to get it done and commit myself to this club is a very special moment,” he added.“I’m still young, so to put more years on my contract and keep developing here is the best thing for me to do now.”“With the support of the manager, the players, everyone, it was the right thing to do,” he concluded.last_img read more

BUSINESS BRIEF Wilmingtons Locus Robotics Named Top Warehouse Robotics Company For Fourth

first_imgWILMINGTON, MA — Locus Robotics, the market leader in autonomous mobile robots (AMR) for fulfillment warehouses, recently announced that it has been named to Robotics Business Review‘s 2019 RBR50 for the fourth consecutive year. The RBR50 is an international compilation of 50 of the most innovative and transformative robotics companies that have achieved commercial success in the past year.“We are thrilled to be named to the RBR50 for the fourth year in a row,” said Rick Faulk, CEO of Locus Robotics. “This accolade is a testament to the incredible strides that Locus Robotics has taken this year to become the leader in autonomous mobile robots for warehouses. The market is growing at a record pace due to the tremendous pressure faced by global retailers and 3PLs to deliver in today’s booming e-commerce economy. In 2018, Locus saw a massive uptick in the demand for our uniquely scalable, flexible multi-robot solution. We launched several new customer deployments with the world’s leading 3PL and retail companies and helped them break new productivity records, especially during the 2018 Holiday peak season. We look forward to continued scale and growth in 2019.”For eight years, the RBR50 list has comprised the most influential public and private companies from commercial and industrial robotics categories, including component makers, collaborative robotics, autonomous mobile robots, artificial intelligence, healthcare and service robotics, and more. This year, Robotics Business Review partnered with industry analyst International Data Corporation (IDC) to select this year’s winners. Robotics Business Review’s editorial team and IDC researched and reviewed numerous submissions and selected the 2019 leading 50 companies based on their groundbreaking applications, market influence, and industry potential – with an eye towards representing many levels and facets of the global robotics ecosystem.“We continue to be highly impressed with Locus Robotics as it innovates to transform warehouses and e-commerce fulfillment distribution centers through the use of autonomous mobile robots,” said Keith Shaw, Editor-in-Chief of Robotics Business Review. “This is the fourth year that Locus has made the RBR50, proving its status as one of the top robotics companies in the world.”All of the 2019 RBR50 companies are listed in an exclusive database available to Robotics Business Review Insiders. A dedicated webcast later this year will also discuss this year’s RBR50 selections. To access the complete 2019 RBR50 report, visit RoboticsBusinessReview.com.About Locus RoboticsLocus Robotics’ revolutionary, multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece-handling productivity 2X-3X, with less labor compared to traditional picking systems. This award-winning solution helps retailers, 3PLs, and specialty warehouses efficiently meet and exceed the increasingly complex and demanding requirements of fulfillment environments, easily integrating into existing warehouse infrastructures without disrupting workflows, instantly transforming productivity without transforming the warehouse. For more information, visit www.locusrobotics.com.About Robotics Business ReviewRobotics Business Review provides actionable business intelligence for the global robotics industry. Members enjoy exclusive insights into global news, tracking of financial transactions, analysis of new technologies and companies, annual and quarterly research reports, access to the RBR50 list of leading robotics companies, and much more.(NOTE: The above press release is from Locus Robotics via PR Newsire.)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 wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedBUSINESS BRIEF: Wilmington’s Locus Robotics Announces Partnership With JDA SoftwareIn “Business”BUSINESS BRIEF: Wilmington’s Locus Robotics Named Leading Warehouse Robotics Company For 3rd Straight YearIn “Business”Wilmington’s Locus Robotics Named “Top Robotics Company To Watch” In 2017In “Business”last_img read more

Miracles do happen Sarfaraz Ahmed speaks about possible semifinals qualification

first_imgRelatedWho will face India? Two possible scenarios emerge – Semi-finals matchups explainedICC Cricket World Cup 2019: Pakistan’s dream of qualifying for semi-finals trolled on social media After England’s win over New Zealand, Pakistan is all but out of the semi-finals race and their skipper, Sarfaraz Ahmed is under no illusion as he too concedes that his side need a miracle to qualify for the next stage. Pakistan need to beat Bangladesh by a ridiculously large margin, well and they need to bat first for starters. “Obviously, we are here to win all the matches,” said Sarfaraz ahead of the match. It is not going to be an easy task as Bangladesh have got the better of Pakistan in their last four one-day internationals. “We will do our best to win the last game as well to end on a high and we will do our best to achieve that but we need to be realistic, but if Allah helps then miracles can happen,” the skipper further added.He did, however, say that such is the margin of victory, that they can only try to score 600, 500, 400 on a pitch and then try to bundle out Bangladesh by 50 runs in order to win by a 316-run margin. He said his team can only give it their best shot. Pakistan’s highest total at the tournament is the 348-8 Pakistan’s highest total at the tournament is the 348-8, which they scored batting first against England, a match which they went on to win. The highest score of the tournament has been scored by England when they peeled off 397-6 against Afghanistan. However, the Pakistan skipper assessed that the pitches being used in the tournament are good sporting wickets which is the reason behind scores ranging between 280-300. “If you look at the tournament then, realistically, the tournament is of 280-300 totals. If you look at the pitches, they were not for free-scoring. They were tough for batting with spin and the ball was not coming onto the bat,” Sarfaraz further added.It has been a very mixed campaign for Pakistan, but the fact that they were bundled out for 105 in their very first match against West Indies has come back to haunt them. West Indies then chased down the target in just 13.4 overs, and the impact on the net run-rate has been massive and now, at this crucial juncture, this aforementioned loss has all but ended their campaign.As things stand now, Australia, India, England and New Zealand will be the four sides to battle it out in the semi-finals.last_img read more

Actress Nawshaba granted bail finally

first_img.A Dhaka court on Tuesday issued bail to actress Quazi Nawshaba Ahmed who was earlier denied bail in a case relating to spreading rumours.She was sued under the Information and Communication Technology (ICT) Act, reports UNB.Dhaka metropolitan magistrate Debabrata Biswas granted the bail upon a bond of TK 5,000 after hearing on a bail petition, said sub-inspector Mokbul Hossain, general recording officer of the court.On Monday, metropolitan magistrate Mahmuda Akhter denied her bail after being produced before it on completion of her treatment at Dhaka Medical College Hospital (DMCH).Later, she was sent to jail.On 13 August, Nawshaba was admitted to the DMCH for treatment following a court order as she fell sick in the courtroom.A Dhaka court earlier on 11 August put her on a two-day fresh remand in the case when Mohammad Rafiqul Islam, Counter Terrorism and Transnational Crime (CTTC) unit inspector and the investigation officer of the case, produced her before the court on expiry of her four-day remand and sought a 10-day fresh remand.Members of Rapid Action Battalion (Rab) detained the actress from Uttara area in the capital on August 4 over spreading ‘rumours’ on Facebook over the attack on protesting students.In a Facebook live, Nawshaba claimed that the attackers killed two students and gouged out the eyes of another at Jigatala intersection.In her post, she also requested people to get united, take to the streets to ‘protect’ the students as they were attacked by Bangladesh Chhatra League activists.last_img read more

iFixit teardown reveals highly repairable mostly childproof Wii U

first_imgMost people are unaware of the hardware required to power a video game console. For example, the average person has no idea what is inside their Xbox 360, or how many processing cores the PS3 has. For some reason, the technology required to power the Wii U didn’t get the glaze-over treatment we often see with game consoles — users wanted to know how Nintendo managed to so effortlessly shoot interactive video between the television and the GamePad. Fortunately, the guys sat iFixit have done what they do best, and they came back with some interesting results.The console teardown provided revealed much of what had already been speculated about concerning the inner workings of the Wii U. As it has been widely reported, the console is powered by an IBM CPU alongside an AMD Radeon GPU. The two sit almost touching under the same shielding on the motherboard, surrounded by four chips that provide 2GB of RAM. It’s still not clear exactly how powerful this chipset is, but recently ExtremeTech speculated that the GPU could be closely related to the Radeon HD 5670. While that would put the GPU a few notches above the other consoles on the market, Nintendo is entering the race a few years late.The Wii U GamePad features TI controllers for the touch interface, 256MB of flash, and a processor from STMicroelectronics.Moving deeper into the teardown, the Wii U appears to use a 5GHz connection between the controller and the console to transmit the video. The Broadcom BCM4319XKUBG sits separate from the Broadcom 802.11 N chip for WiFi and has a matching chip in the GamePad. Using a 5GHz network makes it far less likely that anything already in the house would interrupt the connection between the console and the GamePad, and would account for the roughly 35 foot range that the controller has.The inside of the Wii U GamePad shows a lot of empty space. The inside is filled with with plastic grids that show the controller was designed to survive a few drops. The roomy interior also makes the controller much easier to repair should anything happen to it. Since it seems like many people shudder at the hit to the wallet when considering replacing one of these, knowing that it is easy to repair is a welcomed sigh of relief to anyone who feels up to the task.iFixit gave the Wii U a repair-ability score of 8/10, which is higher than most of the electronics we buy!Read More at iFixitlast_img read more

Riverdale Season 3 Episode 14 Recap Twin Peaks Without Metaphor

first_img Riverdale was a tough watch this week. Though this episode was filmed long before Luke Perry’s death, every scene with Fred Andrews in it reminds us that he’s not here anymore. In the wake of his death, those who worked with him, both on Riverdale and Beverly Hills 90210, talked about what a giving actor he was. We heard about him being a mentor on the set of Riverdale. That was absolutely clear on camera. The humanity and empathy with which he played the role grounded all the insanity happening around him. He didn’t have the biggest role on this show, but it was a crucial one. We’re all going to miss him a lot.As for this episode, that insanity is starting to spin up once more. We’ve enjoyed a few episodes of Riverdale getting back to its twisted teen soap roots. Now, it’s time to get the Farm cult and G&G back in the mix. The latter is introduced back into the story when Archie finds a young boy hiding out in the boxing gym. The owner is letting him do some work around the place in lieu of membership dues. While sweeping up, he finds Ricky, a boy who says he’s being hunted by the Gargoyles. He has the same sacrifice mark on his arm that the warden gave to Archie in juvie.Ashleigh Murray as Josie and KJ Apa as Archie — Photo: Diyah Pera/The CWSeeing an opportunity to help someone in a similar situation, Archie takes the kid into his home. While trying to find him a good family, he starts teaching Ricky how to box so he can defend himself. Archie is actually good at playing big brother. This is the most competent we’ve seen him at anything… probably ever. Archie’s protective instincts only grow when Ricky disappears, seemingly having been chased off by gargoyles. Archie and Jughead find him hiding out in the Gargoyles’ hideout after they’ve cleared out. There, he sees both his own name, and “Ricky Dee” on the list of sacrifices. He gets Ricky out of there, and everything seems like it’s going to be OK. Until he gets a call from the social worker who’s been trying to find Ricky a safe home. It turns out “Ricky Dee” is actually Ricardo DeSantos, Joaquin’s brother. He’s just as mixed up with the Gargoyles as his brother was. It turns out Ricardo has a history of violence and self harm.That’s when Riverdale decides to flex its horror movie muscles. Damn, is the show good at that. Archie returns from the phone call to find Ricky gone. The tension builds as he searches the dark house. All that was missing was a shadow moving across the camera or something. Ricky ends up behind Archie holding a knife. The only way the Gargoyles will let him play, he says, is if he kills Archie, the Red Paladin. No matter what, Archie can’t escape this weird tabletop RPG gang that wants to kill him. Ricky slashes up Archie’s chest pretty good before Fred arrives home and the kid runs off. We don’t get a sense of where this is all leading, but the story was thrilling enough that I don’t mind for now. At least the creepy Ghoulies den is going away. Jughead and the Serpents take it over, planning to give it a fresh coat of paint and make it the new HQ.Bernadette Beck as Peaches ‘N Cream, Camila Mendes as Veronica and Vanessa Morgan as Toni — Photo: Diyah Pera/The CWSpeaking of, the teen gang and business leaders are all beginning to lose control in this episode. The power struggle between Toni and Cheryl continues. The Pretty Poisons are ostensibly Toni’s gang, but Cheryl keeps using them as her own personal hit squad. When Toni says she doesn’t want to suspend her own girlfriend, Cheryl threatens to take away the use of her home as headquarters. Meanwhile, after Gladys pulled the Serpents out of speakeasy security duty, she’s started moving in on the place. Between that and Hiram Lodge using the speakeasy as his own client entertainment venue, Veronica starts to feel like she’s losing control of her own business. The solution? Hire the Pretty Poisons as security. She keeps out the problem elements (aka the adults in Riverdale), and Toni gets to make a decision about her own gang without Cheryl. You can bet Cheryl’s not too happy about that.Jughead, on the other hand, has a harder problem. After his mother forced the Gargoyles and Serpents to join together, there have been issues. The Gargoyles know they outnumber the Serpents. As far as their concerned, the Serpents are subservient to them. When they nearly kill Fangs for being Jughead’s spy, both he and FP know drastic action needs to be taken. For the survival of the Serpents, FP deputizes the gang. That’s what the new HQ is for. They’ll be the Sheriff’s eyes and ears on the street. It’s not great to see them turn into cops, but it looks like the only way to survive. As a bonus, it clears out any Gargoyle influence still lingering in the original Serpent crew. I don’t know what affect this new dynamic will have on the school, but it I know Riverdale, it’ll be the wildest outcome possible.Lili Reinhart as Betty — Photo: Diyah Pera/The CWThen there’s Betty, dealing with her mother’s and Kevin’s descent into cult life. Hers is still the story I’m most interested in, and we get a lot of it this episode. I was intrigued by the title of this week’s show. “Fire Walk With Me” is probably the most well-known, evocative phrase from Twin Peaks. It was the title of the semi-prequel movie David Lynch made. (Which is excellent, by the way. Anyone expecting clear answers from Lynch wasn’t paying attention.) Here, despite Riverdale’s history of dabbling in the surreal, it’s much more literal. Just like last episode, Betty tries to save Kevin from a dangerous initiation ritual. This time, it’s walking over fiery coals. Betty shows up too late to stop Kevin, and fortunately he makes it over without incident. The downside is what’s basically a parlor trick (seriously, once you look up how it’s done, its way less impressive) now has Kevin fully believing in the cult’s power. Enough for him to join Evelyn in threatening to reveal Betty’s secrets if she interferes again.Not that that stops her. She spent most of the episode discouraging any prospective buyer from purchasing her house. While Alice is showing a couple around, Betty pops up to inform them that her serial killer father murdered people there. It’s a hilarious opening scene, but it’s only a temporary solution. Eventually, an anonymous foreign buyer makes an offer. It turns out Betty has a solution for that too. While Jughead surveys his new headquarters, Betty smiles at him, saying she thinks everything’s going to be fine. It’s been a while since we’ve seen Dark Betty, but she was so wonderfully present in that smile. We don’t have to wait long to see exactly what she did either. Alice returns to the house to find it going up in flames. Dark Betty isn’t above a little arson, it seems.Even with the incredibly sad recent news, Riverdale spinning up again remains joyous to watch. It wears its inspirations on its sleeve and has unapologetic fun with them. It abandoned the concept of realism a long time ago and has never looked back. I wish more of the stories this week had given some indication of what we could expect, though. Just a little taste to make us excited for next week. As it is, we got a lot of enjoyable set up, but we aren’t quite sure for what. There are worse problems a show could have I guess. I do still love how cartoonishly evil they’ve made Hiram. You have a character just casually bragging about exploiting prison labor. God, so many of the adults on this show are eminently hateable and I love it.Riverdale airs Wednesdays at 8 p.m. on The CW.Previously on Riverdale:Riverdale Season 3 Episode 13 RecapRiverdale Season 3 Episode 12 RecapRiverdale Season 3 Episode 11 Recap SDCC 2019: ‘Riverdale’ Cast Spills Details on Core ‘Mystery’ for Season 4Top Movies and TV Panels to Keep on Your Radar for SDCC 2019 Stay on targetlast_img read more

Microsoft Has Its Own Venture Capitalism Division

first_img 2 min read May 31, 2016 This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now This story originally appeared on Engadget Enroll Now for Free Microsoft has started its own venture capital division. The new group is called Microsoft Ventures, and it will focus on early-stage startup investments. Confusingly, Microsoft Ventures was already the name of a startup accelerator initiative at Microsoft, and that group is being rebranded as “Microsoft Accelerator” — one of the problems with having a massive, 41-year-old company is running out of names, apparently.In an article announcing the change, Nagraj Kashyap, the corporate vice president of the new Microsoft Ventures, says that while the company has done a lot of investment in the past, it’s not been focused on early stage, instead investing alongside commercial deals. The new division will be more like Google Ventures, which takes risks on young companies for a potentially huge return.One company that Microsoft invested in early was Facebook, which it pumped $250 million into back in 2007. But that was an investment in preferred stock at a $15 billion valuation, and more about ad sales than venture capitalism.The new division will have an initial presence in San Francisco, Seattle, New York City, and Tel Aviv, Israel. “…We were not a part of the early industry conversations on disruptive technology trends,” said Kashyap, but “with a formalized venture fund, Microsoft now has a seat at the table.” Expect to see Microsoft to invest in more companies at a nascent stage, especially those focused on those that complement the company’s existing products and services, and those focused on machine learning and security.While the announcement talks a good talk, it’s not clear how much this is a rebrand and reorganization vs. a real effort to step up investment. Kashyap said that the division is “not aiming to hit a specific number of investments annually,” but “in the coming days and weeks ahead and beyond, you will see us showing up as an investor in companies that complement these spaces and those that aim to disrupt how business is done today.”last_img read more