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Articles related to "market"


DeLorean considering all-electric reboot

  • National Highway Traffic Safety Administration (NHTSA) has completed a regulation permitting low volume motor vehicle manufacturers to begin selling replica cars that resemble vehicles produced at least 25 years ago.
  • Some previous suppliers that we had lined up have gone out of business during the pandemic, others have been absorbed by larger companies that have made it clear low volume component production is not something they’re interested in pursuing.
  • We had hoped to get into production by 2017 and get 3-4 years out of it before having to take on the engineering for a new powertrain.
  • While an electric Cobra or Morgan may be a little extreme for their potential market, we’ve already seen that an EV DeLorean – as we displayed at the 2012 New York International Auto Show – is not such an “out there” idea.

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Higher Coca-Cola Amatil on the cards as volumes grow

  • In a trading update on Friday, Coca-Cola Amatil confirmed that soft drinks, water and juice volumes had returned to growth in Australia in the December quarter – rising 0.4 per cent – after falling for at least three consecutive quarters.
  • CCA group managing director Alison Watkins expects full-year earnings before interest and tax to fall 13.9 per cent to $550.7 million and net profit to come in around $340.3 million, well ahead of market consensus of $309.8 million.
  • Coca-Cola Amatil shareholders believe CCEP may lift its offer for CCA after the trading update or the full-year results on February 18.
  • Four Amatil shareholders – Dublin-based Setanta Asset Management, Martin Currie Australia, Antares Capital and Pendal Group – have said CCEP's offer is opportunistic and the price undervalued the business.

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DeLorean Considering all-electric reboot

  • National Highway Traffic Safety Administration (NHTSA) has completed a regulation permitting low volume motor vehicle manufacturers to begin selling replica cars that resemble vehicles produced at least 25 years ago.
  • Some previous suppliers that we had lined up have gone out of business during the pandemic, others have been absorbed by larger companies that have made it clear low volume component production is not something they’re interested in pursuing.
  • We had hoped to get into production by 2017 and get 3-4 years out of it before having to take on the engineering for a new powertrain.
  • While an electric Cobra or Morgan may be a little extreme for their potential market, we’ve already seen that an EV DeLorean – as we displayed at the 2012 New York International Auto Show – is not such an “out there” idea.

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2021: These are the World’s Largest Data Center Colocation Providers

  • After years of consolidation, the 15 largest data center colocation providers in the world own about half of the market.
  • As of today, the largest data center colocation provider in the world is Equinix, accounting for 11 percent of the $54 billion market, according to the latest global leaderboard by Structure Research, an analyst firm that tracks the internet infrastructure services market.
  • China’s market is so vast that these providers can stay mostly domestic (with some international presence) and still have huge share of the global market.
  • China’s protectionist regulatory policy makes it extremely difficult for foreign companies to compete in the country’s vast data center market, and international players’ interest in China has waned.
  • As a result, Chinese hyperscalers’ explosive growth in recent years has driven huge growth for Chinese companies that build and operate data centers for the likes of Alibaba and Tencent.

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PlayVS acquires GameSeta to accelerate expansion into Canada

  • PlayVS, the esports company bringing organized leagues to high schools and colleges, is today announcing its first acquisition.
  • GameSeta has a partnership with BC School Sports, the governing body for organized school sports in British Columbia, which will transfer to PlayVS.
  • The company has also sprinted into the college market, launching a college product as part of a partnership between PlayVS and Epic Games.
  • Founded by Delane Parnell in the beginning of 2019, PlayVS has grown rapidly, brokering partnerships with school sports organizations and publishers alike.
  • Not only does PlayVS facilitate these leagues, but it also offers colleges and esports organizations a much-needed recruitment tool, letting them view games and track metrics of individual players.
  • Alongside geographic expansion, PlayVS is also looking to expand beyond high schools and colleges with plans to launch a direct to consumer product.

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12 execs who gained power during advertising giant Dentsu's massive reorganization - Business Insider

  • Jeff Greenspoon was promoted to head up that group across the Americas at the end of 2020 to bring structure to a formerly leaderless team that spans all three practice areas — media, creative, and customer relationship management — and deals directly with some of Dentsu's most important clients.
  • One exec says Dentsu will now have two very different creative networks: the east coast division, focused on the sort of digital, social media, and experience design work 360i and Isobar have done for clients like HBO and Enterprise; and the more traditional campaigns Dentsumcgarrybowen produces for brands such as Marriott and Hallmark.
  • Komasinksi's job is particularly important now that Merkle will absorb all of Dentsu's CRM brands in the next two years, including entertainment-focused ad-buying and targeting agency Media Storm, experience design firm Filter, and 360i's CRM operations, internal documents reviewed by Insider show.

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TripActions raises $155M at $5B valuation as corporate travel recovers from pandemic lows

  • This morning TripActions, a software company whose tools help businesses book and manage corporate travel, announced a new $155 million investment.
  • An up-round less than a year after layoffs is an impressive recovery, so TechCrunch wanted to learn more about the corporate travel market, TripActions’ bread and butter, and the pace of the venerable business trip’s recovery; as COVID-19 vaccines roll out, how quickly are employees getting back onto planes?
  • According to a company spokesperson, the corporate travel market is at “20 percent levels as of this month,” while growing between 3% and 6% “week-over-week.” That pace of recovery could have given investors confidence that TripActions’ recovery to at least most of its former strength was merely a matter of time.
  • Regardless, from pre-pandemic highs, to a COVID-19 trough, to today with a newly raised valuation and lots of new cash, TripActions’ last year is a future business case study in the making.

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Intel to Cap Off Difficult Year Ahead of New Chief

  • is poised to post full-year results that outline the breadth of challenges awaiting the incoming chief executive as the chip maker looks to fend off competitive pressures and rebuild its technological leadership.
  • The earnings Thursday afternoon mark the end of a challenging yet lucrative year for the semiconductor giant that saw it surpassed in market valuation by rival Nvidia Corp.
  • Wall Street expects the semiconductor giant to report record full-year revenue of $75.4 billion, up from $72 billion the year prior.
  • Bob Swan, the company’s departing chief executive, said last year that a decision was forthcoming by early this year on whether to have the company’s advanced chips made by a third party after Intel fell behind Asian rivals in the development of the next generation of superfast semiconductors.

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Billionaire investor Seth Klarman warns of massive market risks and says Tesla stock has surged 'seemingly beyond all reason'

  • A billionaire investor heralded as "the next Warren Buffett" blasted the Federal Reserve and Treasury in a private letter this week, accusing the duo of disrupting the stock market and putting investors at risk.
  • Seth Klarman told clients of his Baupost hedge fund that investors are behaving as if risks have "simply vanished" due to rock-bottom interest rates and wave after wave of government stimulus, the Financial Times reported.
  • When a college student asked the Berkshire Hathaway CEO in 1992 who might be the next Buffett, he swiftly replied "Seth Klarman," according to the professor teaching the class.
  • Baupost's latest portfolio update revealed a $400 million stake in Bill Ackman's special-purpose acquisition vehicle, Pershing Square Tontine, as well as a $52 million position in Redball Acquisition Corp, another SPAC that is co-chaired by "Moneyball" star Billy Beane.

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3 most important predictions for mobility and smart cities in 2021

  • Finally, the most important trend and prediction for the year ahead in 2021 is the widespread adoption by governments of the policies related to ‘15 Minutes Cities.” What started initially in Paris, coupled with a COVID-related expansion of the urban bike network to maintain social distancing and public health, has taken the world by storm.
  • While these policies have always been supported by urban planners and designers to reduce the impact of automobiles, COVID-19 has served as the inflection point in which to enable cities to pursue more long term sustainability initiatives and active transportation infrastructure investments.
  • While there has been limited pushback from certain individual and auto lobby groups (London and Berlin) towards active transportation measures, 2021 will see continued digital and physical infrastructure investments to support long term urban sustainable shifts away from the private automobile.

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