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Restaurant Brands International to review 'no-poach' franchise agreements

QSR QSR

The so-called no-poach clause — in which franchisees sign agreements prohibiting them from hiring employees from other franchisees — is common, but has recently caused concern it may stifle wages and prompted a rethinking of practices by large operators. “Franchisees invest heavily in training their team members and they have always shared an interest in encouraging their best talent to stay with their restaurants,” she said in a statement. However, the parent company indicated it is aware of recent questions surrounding the practice. The practice came into the spotlight after two Princeton University academics released a working paper in late 2017 that examined documents from the year 2016 for all franchisors with more than 500 outlets in the U.S. and found that 58 per cent of contracts included such a clause. A&W Canada, Church’s Chicken, Denny’s, Domino’s Pizza, Five Guys, Little Caesars, Panera Bread, and Pizza Hut’s parent company Yum Brands did not respond. Neither did Arby’s, Carl’s Jr., Cinnabon and McDonald’s, which are among the seven companies that recently committed to ending the practice in the U.S. Dunkin’ Donuts, whose parent company also owns Baskin-Robbins, said it doesn’t include the clause.

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Buffett's Berkshire Hathaway loosens policy on stock buybacks

TRI BRK.B

(Reuters) - Berkshire Hathaway Inc (BRKa.N) on Tuesday made it easier for the company to buy its own shares, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's cash. The new policy lets Buffett and Vice Chairman Charlie Munger authorize stock buybacks when both believe the repurchase price is "below Berkshire's intrinsic value," a determination they said would be made "conservatively." The new policy would be a major change for Berkshire Hathaway, which has been under pressure in recent years to put more than $108 billion of cash and similar safe assets to work, or consider returning that money to its shareholders. Buffett, known as a bargain-hunter, has acknowledged difficulty finding companies he can buy at a reasonable price. When asked at its shareholders' meeting in May about Berkshire's use of its cash, Buffett resisted the idea of issuing a special dividend to pass it on to shareholders.

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UPDATE 1-Australia's Bega Cheese to buy Saputo dairy plant for $184.5 mln

TRI SAP

UPDATE 1-Australia's Bega Cheese to buy Saputo dairy plant for $184.5 mln. (Reuters) - Australia's Bega Cheese Ltd said on Wednesday it has agreed to buy a dairy processing facility at Koroit in Victoria state from Saputo Inc's local arm for A$250 million ($184.5 million). The deal comes four-and-a-half months after Canada's Saputo said it was discussing plans to sell the milk plant to address concerns from Australia's competition watchdog about its buyout of Murray Goulburn Co-operative. Bega Cheese Chief Executive Paul van Heerwaarden said the facility, which has 108 employees, would provide Bega with a significant presence in western Victoria and support the growth of its core dairy business.

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Fairfax, News Corp strike printing deal - Finance

NWS DTRUMP +1 more NWS DTRUMP NWSA

July 18, 2018 10:22amPublishing rivals Fairfax Media and News Corp have agreed to use each other's printing networks under a deal that will deliver cost savings. The stock exchange listed Fairfax expects to save about $15 million a year, with the benefits set to flow toward the end of the first half of this financial year. The initiative is "a rational approach to the complex issues facing the industry", Fairfax CEO Greg Hywood said in a statement on Wednesday. 11:53PMDONALD Trump made a stunning backflip in his position on Russia. But there’s a lot more to it than a little punctuation error.

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DJI Enhances Geofencing Flexibility For Enterprise Drone Users

DJI

NEW YORK, July 17, 2018 /PRNewswire/ -- DJI, the world's leader in civilian drones and aerial imaging technology, is strengthening its commitment to enterprise drone users with new improvements to its geofencing system. DJI's geofencing system uses GPS and other navigational satellite signals to automatically help prevent drones from flying near sensitive locations such as airports, nuclear power plants and prisons. These improvements are carefully designed to help expand the beneficial uses of drones in sensitive areas that have been restricted in DJI's geofencing system. While those areas will remain restricted to more casual drone pilots, DJI now staffs its global authorization team around the clock in order to process applications and provide unlocking codes quickly. "By making it easier for authorized pilots to put drones to work in sensitive areas, DJI is once again showing why professional drone operators choose our aerial platforms for the most important tasks."

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EU says Volkswagen yet to guarantee emission fix does not impair cars

VOW

BRUSSELS (Reuters) - European consumer authorities criticized Volkswagen on Tuesday for failing to guarantee that repairs after the Dieselgate scandal would not affect cars' performance. EU officials have pressured VW to do more to compensate European customers after it admitted to U.S. regulators in September 2015 that it had cheated on emissions tests there using software installed in as many as 11 million diesel vehicles sold worldwide - the majority of them in Europe. Agencies from the EU's 28 member states and the European Union executive reiterated concerns that the German auto giant has not done enough to respond to a request it improve consumer information on the repairs, speed up the process and pledge to fix any problems arising after the repair. The repair rate has almost reached 80 percent of all affected cars in Europe, it said. But it added that: "Volkswagen has not provided a full and clear guarantee that the update is not affecting the cars' performance and has refused to simplify the conditions giving access to the Trust Building Measure."

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BHP iron ore output rises 3%

BLT

BHP has reported a three per cent rise in iron ore production for the fourth-quarter ended June 30, enabling the mining giant to exceed its downgraded full-year guidance. The world's biggest miner says its iron ore output rose to 72 million tonnes during the three months through June, compared with 70 million tonnes a year ago. In a remarkable backflip, Donald Trump now says he believes US intelligence agencies over Russia interference in the US election. Hands off my health records. When it comes to sharing our health details, privacy still matters which is why I’ll be opting out of the government’s new digital medical database.

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Lyft outlines bike and scooter plans

LYF

Earlier this month, Lyft announced its acquisition of the bike-sharing company Motivate -- the most widely used bike-share company in the United States. “Soon you will be able to get real-time transit information, plan a multi-modal trip, and use Lyft Bikes and Scooters to connect to a local transit shop or shared ride pickup location,” the company wrote in a blog post. Currently, 35 percent of all Lyft rides are shared, though the company is hoping to push that to 50 percent by 2020. As Lyft is working to incorporate the bike and scooter feature into its app, the company is hoping to be better equipped to “bridge the first and last-mile gap.”. The strategy appears to be working for the company, as New York City reported a major increase in bike commuters last year thanks in part to the Citi Bike program.

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Restaurant Brands International to review policy over poaching employees - Oak Bay News

QSR QSR

One of Canada’s largest fast-food companies says it will review a controversial clause in its franchisee contracts less than a week after numerous competitors in the U.S. dropped similar language from their contracts to avoid an antitrust lawsuit. The so-called no-poach clause — in which franchisees sign agreements prohibiting them from hiring employees from other franchisees — is common, but has recently caused concern it may stifle wages and prompted a rethinking of practices by large operators. “Franchisees invest heavily in training their team members and they have always shared an interest in encouraging their best talent to stay with their restaurants,” she said in a statement. However, the parent indicated it is aware of recent questions surrounding the practice. The practice came into the spotlight after two Princeton University academics released a working paper in late 2017 that examined documents from the year 2016 for all franchisors with more than 500 franchise units in the U.S. and found that 58 per cent of contracts included such a clause.

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Marks & Spencer reboots M&S Energy through Octopus tie-up

MKS

Marks & Spencer reboots M&S Energy through Octopus tie-up. Marks & Spencer is joining forces with Octopus Energy to revamp its energy supply business, marking another step in the high street retailer’s overhaul. M&S has struck a deal for challenger Octopus to supply energy under the M&S Energy brand after its nine-year partnership with electricity and gas supplier SSE ended last week. The move aims to challenge the dominance of the big six energy suppliers by offering an alternative to the so called “tease and squeeze” pricing policies, whereby new customers get cheaper rates because loyal customers pay more.

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Fidelity European Values Plc - Transaction in Own Shares

FEV

The Board of Fidelity European Values Plc ("the Company") announces that on 17 July 2018 the Company bought into Treasury 200,000 of its own shares at a price of 227.95 pence per share. The Company's issued ordinary share capital is 416,447,910 shares of which 2,825,546 shares are held in Treasury, which attract no voting rights. Therefore, the total number of voting rights in the Company is now 413,622,364. The above figure (413,622,364) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure and Transparency Rules. For and on behalf of FIL Investments International.

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JP Morgan Cazenove Gains Confidence in Morgan Advanced Materials (LON:MGAM). Will Other Analysts Follow?

MGAM

In analysts note released on Tuesday, 17 July, analysts at the JP Morgan Cazenove equity research division upgraded shares of Morgan Advanced Materials (LON:MGAM) to a respectable Overweight rating. They now have a price target set at GBX 390.00 on MGAM equating to 9.80 % more upside. Among 7 analysts covering Morgan Advanced Materials (LON:MGAM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Morgan Advanced Materials had 18 analyst reports since January 18, 2018 according to SRatingsIntel.

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Fairfax and News have done a deal to use each other’s printing networks

NWS NWSA

Australia’s two biggest newspaper publishers, Fairfax Media and News Corp Australia, have agreed to use each other’s printing networks, reducing the overheads to keep producing hard copy newspapers. The publishers, who face declining revenue from newspapers, are looking at other opportunities following this deal. Fairfax Chief Executive Officer Greg Hywood says the deal will mean the closure of some printing assets but the deal means Fairafx will be able to “produce newspapers well into the future”. Fairfax expects the new arrangements, and the changes to Fairfax’s printing network, to result in an annualised full-year benefit of $15 million.

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ITW Announces Upcoming Investor Conference

ITW

GLENVIEW, Ill., July 17, 2018 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (ITW) announced its participation in the Jefferies 2018 Global Industrials Conference on August 8, 2018. This event will be webcast live and will be available at www.itw.com or by clicking the following link: http://wsw.com/webcast/jeff114/itw/. ITW (ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.3 billion in 2017. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required.

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What Analysts Recommend for T. Rowe Price, Pre-Q2 2018 Results

TROW

Of the 16 analysts covering T. Rowe Price (TROW), three have recommended “strong buy,” four have recommended “buy,” seven have recommended “hold,” and two have recommended “strong sell.” Their ratings were the same last month.

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Deal: Razer Phone Gaming Smartphone For $524.65 – Prime Day 2018

AMZN RAZ

Deal: Razer Phone Gaming Smartphone For $524.65 – Prime Day 2018. If you’ve been planning to get Razer’s first-ever smartphone, well, you’re in luck, as the device has been discounted as part of Amazon’s Prime Day. The Razer Phone is now priced at $524.65, in case you’d like to purchase it. Do keep in mind that the discount applies only for the regular, Black version of the device, the special edition Green variant is not included, even though it’s available via Amazon as well. The Razer Phone’s top and bottom bezels are not exactly the thinnest out there, but not many people expected them to be, considering this phone is meant to be used for gaming, and as such, you need something to grip on to, not to mention that the device sports a pair of front-facing speakers.

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New MarkLogic® Service Automates Query Capacity To Deliver The Most Cost-Effective Database in the Cloud

MAR

SAN CARLOS, Calif.--(BUSINESS WIRE)--MarkLogic Corporation, the leading operational and transactional Enterprise NoSQL database provider, today announced the MarkLogic Query Service, a new way to give customers automatic elasticity in the cloud for their mission-critical, enterprise-grade workloads. The MarkLogic Query Service rapidly and automatically adds and removes query processing capacity to a database cluster as workload demand rises and falls, resulting in the greatest agility and responsiveness at the lowest overall cost to end users. “We’re excited to bring another new and innovative service to market that takes full advantage of MarkLogic’s dynamic architecture, which leading industry analysts have praised for its unique ability to separate compute and storage capacity at the database level. The MarkLogic Query Service represents a unique and complementary new cloud offering in the company’s portfolio of data integration services and solutions, including the Operational Data Hub, which integrates data with the industry’s highest level of enterprise-grade data security and reliability. For more information on MarkLogic’s Query Service, please visit: https://cloudservices.marklogic.com/help.

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Bosch and Mercedes-Benz to test driverless shuttles in California - Tech News

DAI

Bosch and Mercedes-Benz to test driverless shuttles in California - Tech News. Carmaker Mercedes-Benz and German component supplier Bosch have announced plans to try out driverless shuttles in the US state of California. The two companies says their goal is to develop a system that allows customers to request a vehicle that can pick up and autonomously takes a number of passengers to a pre-arranged destination. The tests in the second half of 2019 will focus on establishing a viable network of shuttle routes for robot cars and not look at the technology of individual vehicles, which has already undergone extensive testing.

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Global Busbar Procurement Market Report 2018 - Players Featured: General Electric, Siemens, ABB, Schneider Electric, Eaton, and Legrand - ResearchAndMarkets.com

SIE LR +2 more SIE LR SU GE

Global Busbar Procurement Market Report 2018 - Players Featured: General Electric, Siemens, ABB, Schneider Electric, Eaton, and Legrand - ResearchAndMarkets.com. DUBLIN--(BUSINESS WIRE)--The "Global Busbar - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering. The report provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. Further, the report states that one of the key category management strategies for the buyers in the global busbar market is to focus on cost savings by engaging with one-stop solution providers for bundling of products.

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