rbwoojym

Manufacturers face worst staff scarcity since 1989 after Brexit leads to exodus of EU workers

By on September 4, 2021

first_imgThe survey of more than 6,000 businesses was carried out from 5 November to 26 November last year – this was before Theresa May postponed the parliamentary vote on her Brexit deal because of a lack of support in the Commons.“The government’s absolute priority now must be to provide clarity on conditions in the near term and avoid a messy and disorderly Brexit. Business communities won’t forgive politicians who allow this to happen, by default or otherwise,” Marshall added. A report by the British Chambers of Commerce today revealed 81 per cent of manufacturers that tried to recruit in the last quarter had difficulties finding the right staff.Meanwhile, the services sector was not much better off, with 70 per cent of firms reporting the same shortages – just two per cent off the record high charted in the previous quarter.Adam Marshall, BCC director general, said that while Brexit was occupying all the government’s attention and resources, recruitment was another cause of uncertainty.EU workers in the UK fell by 132,000 in the three months to the end of September 2018, the biggest drop since records began.Home secretary Sajid Javid is planning to reduce immigration from the EU by 80 per cent after Britain has left the bloc.  Tags: Brexit Manufacturing sector People Sajid Javid Theresa May UK immigration whatsapp Manufacturers are struggling with the worst drought of workers in 30 years, as fewer EU workers come into the country in the wake of the Brexit vote.Labour shortages in the sector are at their worst since 1989, according to research, with Brexit-related uncertainty partly to blame. He is looking to impose a £30,000 a year minimum salary threshold to those entering the country for work, something which currently applies to all immigrants except those from the EU.Marshall said: “Given the magnitude of the recruitment difficulties faced by firms clear across the UK, business concerns about the government’s recent blueprint for future immigration rules must be taken seriously – and companies must be able to access skills at all levels without heavy costs or bureaucracy.”The news comes after the latest manufacturing purchasing managers’ index indicating sector activity had spiked in December, as firms scrambled to stockpile parts and materials to mitigate the impact of crashing out of the EU without a deal.The quarterly economic report also revealed the UK’s services sector reported the slowest sales growth in two years during the final quarter of last year.“The UK economy is in stasis,” said Marshall. “With little clarity on the trading conditions they’ll face in just two months’ time, companies are understandably holding back on spending and making big decisions about their futures.” Manufacturers face worst staff scarcity since 1989 after Brexit leads to exodus of EU workers Alex Daniel Share Thursday 3 January 2019 1:10 pm whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com last_img read more

Continue Reading

rbwoojym

65 years after crash, recovery resumes on Colony Glacier

By on August 24, 2021

first_imgMilitary | Public Safety | Southcentral65 years after crash, recovery resumes on Colony GlacierJune 6, 2017 by Zachariah Hughes, Alaska Public Media Share:Members of the 11-person crew excavate 40-by-40 meter squares along a grid on the Colony Glacier in June of 2016. Media were kept at a distance from the perimeter, to keep from inadvertently photographing remains. (Photo by Zachariah Hughes/Alaska Public Media)The military resumed an annual mission Monday to the Colony Glacier, where an Air Force plane crashed 65 years ago, killing the dozens of service members on board.In the days after, searchers spotted the wreckage, but a recovery was deemed too dangerous and the plane disappeared beneath the snow and ice.Audio Playerhttp://media.aprn.org/2017/ann-20170605-06.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.The remains were buried for decades, undiscovered until an Alaska National Guard crew spotted the wreckage during a training mission in 2012.Since then, a yearly recovery effort has been made.Army Maj. Stephen Magennis is the officer in charge of coordinating logistics this season for Operation Colony Glacier.“Specifically, what we’re doing here on the glacier is obviously recovery,” Magennis said in a phone interview. The primary focus for the operation is keeping team members safe. “Second would be the repatriation of remains. And then third would be being good stewards of the environment, so as best we can cleaning up the parts and pieces of the wreckage that does present itself up on the glacier.”The operation is as unique as it is challenging.It involves cooperation between an array of military teams, from daily helicopter transports from the National Guard to guidance from Air Force morticians based out of Delaware.After decades in the shifting landscape, many of the service-members can be identified only through small amounts of organic matter and bone fragments tested for DNA matches.The ultimate length of the operation will be determined by how weather and the movements of the glacial terrain affect recovery efforts.“We’re up to 37 members that have been identified,” Magennis said. A total of 52 personnel were on board the plane when it crashed. “There are still 15 that are left unidentified.”Earlier this season, searchers also spotted a large section of plane debris on an upper section of the glacier, which could extend the operation by a few more years as they clean up the area.The mission window is short, lasting just about a month.But there’s also a no-fly zone set up around the recovery sight from May all the way through October.That’s in part to keep away sight-seeing aircraft and potential boaters after an incident earlier this spring.According to Magennis, it happened while the National Guard was conducting a training flight over the popular Lake George area.“There were actually some folks that were down on the glacier, they were doing some sort of filming,” Magennis said. “We had heard it was a reality show, but don’t know the exact specifics of it.”“For us that was a bit of a red flag,” he said. “They might not have understood that that’s what we consider to be hallowed ground, with the remains of U.S. service members in that area.”The operation on Colony Glacier is set to last through June 30.Share this story:last_img read more

Continue Reading

rbwoojym

Laois manager Brennan non-committal on future following narrow Clare loss

By on June 20, 2021

first_img Facebook Pinterest Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Facebook Laois manager Brennan non-committal on future following narrow Clare loss Twitter Pinterest By Alan Hartnett – 7th November 2020 Twitter “You can’t just throw money at something but you have to have it to support the resources that are there – and there is no hiding from the fact that we don’t have that at our disposal.“But that is a matter for the stakeholders of Laois hurling and maybe a couple of minds have to come together from the county board and say ‘are we doing enough to get these lads over the line here?’.“I’m not pointing the finger at anyone but that is a very objective question that has to be thrown out there.”Brennan conceded that this is not just an issue for Laois at County Board level – but also one for the GAA at national level in how they can act to promote the game in weaker counties.He said: “Possibly it needs to go a little bit higher. I admire what they have in Limerick, Galway and Tipperary that have won the last three All-Irelands. Our own team in Kilkenny are well resourced.“So the reality is that if you are going to get up to the big boys, there needs to be that level of support coming from Croke Park for smaller teams down the line.“But the nature of the way it is going – it is a big business to get a team to win the Liam McCarthy. It is a huge undertaking and finances are part of that.“We have limited ones where we are and that is not me washing the laundry in public – it is just a statement of fact.“Is it a bigger issue for the GAA? Probably in the year that is in it – this isn’t going to get much traction. But I’m not doing it for that – I’m just stating where I see we could go.”SEE ALSO – 14-man Clare hang on to repel Laois comeback as 2020 campaign ends in heartbreak Laois senior hurling manager Eddie Brennan was non-committal on whether he would remain as manager for a third season following today’s loss to Clare.The Kilkenny native described his players as ‘heartbroken’ and ‘on the floor’ following their narrow one point defeat against The Banner in Nowlan Park today.It was a defeat that means their journey for 2020 is over – but, when asked afterwards what the future may hold, Brennan did not rule out seeking a third term in charge.However, he made the case that in order for Laois to push on to the next level and begin regularly competing with the likes of Clare – more finances are required to drive things on further.He said: “I don’t know – we’ll have to wait and see. I took on this job for two years with a view to seeing about a third so we will just have to sit back and re-assess that.“If Laois hurling is going somewhere, we have to look at who is going to do that because the reality is I would be very happy with the job that we done and very proud of the players but if you are looking at where big teams are and the support they are getting…“You can’t put a cap on your resources – that is a problem from the word go. And I am well aware that there isn’t a hole in the ground up in Laois somewhere with money, coaches and supports.“But you have to look at resources. If you look at the last three teams to win All-Ireland’s, they are well backed. WhatsAppcenter_img Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role News Previous articleCoronavirus: Five more deaths and 335 new cases – eight of them in LaoisNext articleSeven Talking Points as the Laois hurlers see 2020 campaign curtailed by Clare Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Electric Picnic Electric Picnic Home Sport GAA Laois manager Brennan non-committal on future following narrow Clare loss SportGAAHurlingLaois Senior Hurling Team TAGSEddie BrennanLaois senior hurlers RELATED ARTICLESMORE FROM AUTHOR WhatsApp Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

Continue Reading

rbwoojym

TSX, U.S. markets close higher on pre holiday optimism

By on June 18, 2021

TSX gets lift from financials, U.S. markets rise to highest since March Toronto stock market dips on weakness in the energy and financials sectors Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitter S&P/TSX composite hits highest close since March on strength of financials sector Canadian Press The Toronto stock market closed higher Friday as investors appeared to focus on data that lifted their spirits about the U.S. economy on the last day of trading before a holiday break. The S&P/TSX composite index gained 50.19 points to 11,926.7. The TSX Venture Exchange added 26 points to 1,469.7. Keywords Marketwatch The Canadian dollar was up 0.03 of a cent to 97.93 cents US as the price of oil spiked, briefly hitting US$100 a barrel before dipping slightly. The Dow Jones industrial average was up 124.4 points at 12,294 and the S&P 500 was higher by 11.33 points at 1,265.33. The Nasdaq index was ahead 19.19 points to 2,618.64. Meanwhile, the February crude contract was up 15 cents to US$99.68 a barrel. The February gold contract slid $4.60 an ounce to US$1,606 and the March copper contract was up five cents at US$3.47 a pound. The energy sector was one of the biggest gainers on the TSX, up 0.8%. Pipeline company TransCanada Corp. (TSX:TRP) was up one per cent or 40 cents at C$44.45 after the U.S. congress passed the payroll legislation, which also contained legislation that could force President Barack Obama to decide on its controversial Alberta-to-Texas oil pipeline within 60 days. Investor sentiment has been cheered up in recent weeks by evidence of a rebound in the United States, the world’s biggest economy and a crucial export market for many countries in Asia. Reports from the U.S. and Canada on Friday were mixed but Pat McHugh, senior portfolio manager at Manulife Asset Management, said investors were largely taking cues from the positive aspects of those reports. “We’ve had quite a fair bit of good news _ I wouldn’t say great news _ but good news from the U.S economic data that’s coming out. The large majority has been better than expected,” McHugh said. “And it’s also Santa Claus season. This is a time when markets are relatively thin. This is seasonally the strongest time period _ it’s a combination of factors.” A Statistics Canada report showed real gross domestic product was unchanged in October after four straight monthly increases. Economists had expected a 0.1% rise. The report said that the output of goods producing industries fell 0.2% due to declines in utilities, construction, mining and oil and gas extraction. The agency said these declines offset a gain in manufacturing. “In a not so cheerful start to the holiday season,” said Peter Buchanan of CIBC World Markets. “Canadian GDP was unchanged in October, versus consensus and our own expectations of a 0.1% rise.” “Some observers may have been expecting a stronger (gain) for the number than the published consensus after the hearty rise in retail sales reported early in the week,” Buchanan added. In the U.S., the Commerce Department said consumer spending rose just 0.1% in November, matching the modest October increase. Incomes also rose 0.1%. That was the weakest showing since a 0.1% decline in August. “The data may suggest the consumer is not quite as healthy as many have thought,” Buchanan said. Another Commerce Department report said orders to U.S. factories for durable goods rose 3.8% in November, the biggest gain since July. However, so-called core capital goods, a measure of business investment spending, dropped for a second straight month. Meanwhile, new home sales in the U.S. rose 1.6% last month to a seasonally adjusted annual rate of 315,000. That was better than the 307,000 economists had expected, but below the 323,000 homes sold last year, which was the worst year for sales on records dating to 1963. On Thursday, data showed the number of people applying for unemployment benefits dropped last week to the lowest level since April 2008, the third week in a row that applications fell. The Conference Board reported that its measure of future economic activity jumped last month, the second straight gain. Trading volume is expected to remain low into next week as many traders take a break over the Christmas and New Year period. The TSX and most global markets are closed Monday, Boxing Day, while Toronto markets will also remain closed on Tuesday. read more

Continue Reading

rbwoojym

NYSE, ICE shareholders approve deal

By on

TMX caps stronger 2020 with Q4 profits growing to $71.8 million Regulators still have to sign off on the deal, but the shareholders of both IntercontinentalExchange (ICE) and NYSE Euronext have approved their proposed tie-up. ICE announced that, following a special meeting of stockholders Monday, its shareholders approved the agreement to acquire NYSE Euronext with approximately 99.68% of the shares at the meeting voted for the approval of the combination, which represents 85.05% of ICE’s outstanding common shares. Related news TSX proposes flat fee for retail market data Share this article and your comments with peers on social media U.S. exchanges scrap political contributions James Langton Keywords Stock exchangesCompanies IntercontinentalExchange, NYSE Euronext NYSE Euronext also announced that its shareholders have approved the acquisition, with approximately 99% of the shares at its special meeting voted for the combination, representing approximately 64% of NYSE Euronext’s outstanding common shares. “The overwhelming approval by our shareholders confirms our belief that the combined company will be even better positioned to serve customers by combining our respective areas of expertise to create value for our customers and shareholders,” said ICE chairman and CEO, Jeffrey Sprecher. ICE announced the proposed acquisition of NYSE Euronext on December 20, 2012 following unanimous approval by the companies’ directors. The deal is still subject to approval by relevant competition and other regulatory authorities in the U.S. and Europe, as well as customary closing conditions. “We are grateful that our shareholders have overwhelmingly recognized the opportunity for long-term value creation and greater benefits for our customers by combining these two highly complementary businesses,” said Jan-Michiel Hessels, chairman of the board of NYSE Euronext. Facebook LinkedIn Twitter read more

Continue Reading

rbwoojym

Volvo’s 2019 V60 wagon offers 390 hybrid plug-in horsepower

By on June 15, 2021

first_img Trending Videos Trending in Canada Created with Raphaël 2.1.2Created with Raphaël 2.1.22019 Volvo V60Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 2019 Volvo V60 wagon.Handout, Volvo Volvo took the covers off of its new V60 wagon late February, a midsize five-door estate available in a plug-in hybrid trim with a total 390 hp on offer.That top T8 Twin Engine AWD trim uses a super- and turbocharged 2.0-litre inline-four in front and an electric motor to drive the rear wheels, and stands as an alternative to a similar T6 plug-in hybrid making a milder 340 hp. Two gasoline-engine versions employing Volvo’s T5 or T6 engines are also on offer, though exactly which powertrains will be brought to Canada has not yet been made clear.What is clear is Volvo plans to hold on to its reputation as being an exceedingly safe auto manufacturer, offering a host of active safety systems, including City Safety with Autobrake (which not only recognizes pedestrians and large animals, but brakes automatically when a collision is imminent); Pilot Assist, now with improved cornering; and optional Cross Traffic Alert. Based on the company’s new Scalable Product Architecture platform, the V60 wagon also offers plenty of style, with Volvo’s new trademark “Thor’s Hammer,” aggressive lower fascia pieces, and a generally lithe but muscular side profile.Canadian availability and pricing has not yet been announced, but this post will be update when it is. COMMENTSSHARE YOUR THOUGHTS Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Created with Raphaël 2.1.2Created with Raphaël 2.1.2 The 2019 Volvo V60 wagon. The Rolls-Royce Boat Tail may be the most expensive new car ever See More Videos advertisement We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. RELATED TAGSV60VolvoNews ‹ Previous Next ›last_img read more

Continue Reading

rbwoojym

Campus Parking Availability To Be Affected By Construction Projects

By on June 14, 2021

first_img Published: May 9, 2000 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Construction of the Discovery Learning Center and expansion and renovation of the University Memorial Center will affect parking availability on the east and west ends of campus for the next 15 to 24 months.Construction of the Discovery Learning Center (DLC), to be located northeast of the College of Engineering, is scheduled to begin on June 1. Parking lots 444, east of aerospace engineering, and 437, north of engineering’s Integrated Teaching and Learning Laboratory, will be eliminated by DLC construction. Permit holders for lots 444 and 437 will receive specific information regarding parking alternatives from Parking and Transit Services. Persons who use lot 437 for nighttime or weekend parking may park in lots 436, 440 or 448, all accessible from Regent Drive south of Colorado Avenue, as alternatives. The DLC construction project should be completed by Aug. 31, 2001.The start date for the University Memorial Center (UMC) Expansion and Renovation project has been moved up to May 15. Most of parking lot 208, west of the UMC, will be taken out of service during the UMC project. Non-disabled 208 parking permit holders will be assigned to alternative parking lots during the course of the project. Permit holders for lot 208 will receive specific information from Parking and Transit Services regarding alternative parking. Persons who use lot 208 for nighttime or weekend parking may park instead in the Euclid Autopark, reached from Euclid Avenue east of the UMC, or lot 204, which is accessible from 18th Street across from the music college.Pedestrian, bicycle and automobile traffic in the UMC area should watch for construction trucks entering the job site via Euclid Avenue southwest of the UMC, and exiting onto Broadway from the lot 208 access drive, just south of the intersection of Broadway and College Avenue. UMC construction crews will use parking at Williams Village on a space-available basis. The UMC expansion and renovation project should be completed by May 31, 2002.For parking information, including permit relocation plans and area parking alternatives, please call Parking and Transit Services at (303) 492-7384, or access the Parking and Transit Services web site at http://ucbparking.colorado.edu.For information regarding the Discovery Learning Center project’s purpose and scope, contact Skip Wichart of the College of Engineering at (303) 492-4392. For construction information, contact project manager Mike Martens at (303) 492-5511.For information regarding the University Memorial Center project’s purpose and scope contact the UMC administrative offices at (303) 492-8832. For construction information contact project manager Mike Barden at (303) 492-5511.last_img read more

Continue Reading

rbwoojym

Deutsche Telekom in talks to sell up in Romania

By on June 4, 2021

first_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 06 FEB 2017 Deutsche Telekom reportedly opened talks to sell its mobile and fixed operations in Romania, in two separate deals which could be worth more than €1 billion.According to local M&A website Mirsanu.ro, the German operator is looking to exit the market, with its Telekom Romania unit registering a small but constant decline in recent years.It is currently the country’s second largest mobile operator, behind French group Orange, and the report suggested a sale could see the group sell its fixed and mobile operations separately.Orange is reportedly interested in acquiring Deutsche Telekom’s Romanian fixed unit, while local cable and broadband operator RCS & RDS may make a move for the mobile operations, according to the publication’s sources.Deutsche Telekom reported revenue from its Romanian business in the first nine months of 2016 was down 0.4 per cent at €718 million, while its subscriber base also declined. It had 5.87 million mobile customers by the end of September 2016, down from more than 5.99 million at the end of 2015.Orange already established a deal with the German operator to use its fixed network. Home Deutsche Telekom in talks to sell up in Romania Orange makes secure cloud pact for French market Kavit Majithia Previous ArticleBlackBerry completes transition with India device dealNext ArticleSamsung plans Q1 Pay Mini launch Orange Ventures injects €30M into new fund Author Deutsche TelekomOrangeRomaniaTelekom Romania Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Deutsche Telekom eyes 5G, fibre lead Related Tags last_img read more

Continue Reading

rbwoojym

Broadcom tips wireless revenue growth to slow

By on

first_imgHome Broadcom tips wireless revenue growth to slow Author Broadcom warned wireless revenue in its fiscal Q2 2018 is expected to decline, after reporting the figure in its fiscal Q1 nearly doubled year-on-year.Revenue of $2.2 billion in fiscal Q1 (the three months to 4 February) was up 88 per cent on fiscal Q1 2017 following a ramp in customer shipments in the recent period. In an earnings call, CEO Hock Tan attributed the bump to an uptick in orders from a “large North American smartphone customer”, widely believed by analysts to be Apple.Tan said shipments to the unnamed customer are expected to “trend down sharply” in fiscal Q2, but noted the decrease would be partially offset by an increase in shipments to “support the ramp of next generation flagship phone at a large Korean smartphone customer”.While the company is expecting a “much larger than typical seasonal decline” in wireless revenue, Tan said year-on-year growth in fiscal Q2 is still expected to be in the “double digits”.Wireless revenue made up 41 per cent of Broadcom’s total of $5.3 billion in its fiscal Q1 2018. Overall net income of $6.6 billion surged from $252 million in fiscal Q1 2017, driven primarily by a massive boost from changes to the US tax code.Acquisition outlookBroadcom’s earnings call came just after the company’s hostile bid to acquire Qualcomm was squashed by US President Donald Trump.CFO Tom Krause said the company doesn’t see the decision as “putting any constraints on our ability to pursue acquisitions more broadly going forward”. He noted, however, Broadcom will likely pursue smaller deals in the future.“Qualcomm was clearly a unique and very large acquisition opportunity. Given the maturity of the industry, the consolidation it has seen and our relative size now, our future acquisitions are much more likely to be funded with cash available on our balance sheet and without the need to flex the balance sheet much beyond our current financial policy of two-times net leverage.” Previous ArticleAT&T deadline for Time Warner deal in doubtNext ArticleFacebook intros WiFi hotspot app Diana Goovaerts Broadcomearnings Related AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 16 MAR 2018 center_img Asia Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more XL Axiata cautions on slow growth MTN plots fintech, infrastructure spin-offs Globe Telecom warns of profit pressure in 2021 Tags last_img read more

Continue Reading

rbwoojym

Salish Kootenai College Inaugurates New President

By on May 27, 2021

first_img Email Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. PABLO – Salish Kootenai College on the Flathead Indian Reservation has installed Luanna Ross as its new president.The Missoulian reports that at an inauguration ceremony Wednesday, Ross told faculty, staff and students to prepare for change, saying educational institutions “need to be fluid and dynamic.” She vowed to make the campus environmentally friendly and to evaluate every department and program at the college, which offers bachelor’s and associate’s degrees in more than 20 professional fields and certificates in several trade and vocational areas.Ross, a Ronan High School graduate, replaces Joe McDonald, who served as president from 1978 until he retired this year at the age of 77. She comes to SKC from the University of Washington, where she was a professor and co-director of Native Voices, a graduate film program. She earned her bachelor’s degree from UM, her master’s from Portland State and her doctorate in sociology from the University of Oregon.Ross also has taught at the University of California-Berkeley and UC-Davis.last_img read more

Continue Reading