Former White House Chief of Staff and Marine four-star Gen. John F. Kelly, USMC (Ret.) will be the keynote speaker at the 2020 NaplesNEXT Ideas Festival, which will take place March 2-3 at the Naples Grande Beach Resort.
ZAP Surgical Systems, Inc. today announced that its ZAP-X® Gyroscopic Radiosurgery™ platform began clinical stereotactic radiosurgery (SRS) treatments at PLA General Hospital 301 (PLAGH 301) in Beijing, China. PLAGH 301 is the largest hospital in China with more than 20,000 outpatient treatments per day.
Sky-Tiles™ by Interface and presented by SkyPaxxx Interior Repairs will be the exclusive aircraft carpet installed on the ExpressJet™ ERJ 145 fleet operated for United Express™. "This is a tremendous success story for innovation in aircraft interiors and the environment created by the dedication of the ExpressJet, United Express, and SkyPaxxx team," says Rick Lockhart, President of SkyPaxxx.
Kim Gardner, the city's first black prosecutor, alleges that the city, police union and others are trying to force her out of office and block her reform agenda.
(Image credit: Jim Salter/AP)
Blach Construction (Blach), a full-service and award-winning commercial builder, is ringing in 2020 with plans to commemorate 50 years in business. Founded in 1970 by Michael S. Blach, the company will be hosting a series of unique celebrations and has kicked off a year-long giving program at Sacred Heart Community Service (SHCS) in San Jose.
The global biometrics market is at a high growth stage due to the ubiquity of dominant biometric modalities such as fingerprint and facial recognition. The deployment of biometrics is increasingly pervasive in both governmental and commercial sectors because of ease of use and the high degree of convenience offered by the technology.
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Eastern European nations aren’t fretting that economic growth will be hijacked by a slowdown among their biggest trading partners.Backed by rising wages, increased consumer spending and investment, as well as space to kindle growth through public spending, officials from ex-communist countries including Romania and Hungary said links to the European Union’s manufacturing base aren’t the only thing that will keep their economies expanding faster than the 19-member euro area.“The way we built the budget for 2020 with more attention to investment, we shouldn’t be affected,” Romanian Finance Minister Florin Citu said on the sidelines of a Euromoney economic conference in Vienna on Tuesday. “I’m not worried about the slowdown.”No Panic ButtonThat confidence is backed by projections from the International Monetary Fund. While it cut its 2020 growth forecast for the euro zone in its latest World Economic Outlook, it raised its estimate for emerging and developing Europe.“This is not the panic button,” Nadeem Ilahi, the IMF’s senior resident regional representative in central and eastern Europe, told the conference. “This is a slowdown we are seeing at the end of a very long growth cycle, which will certainly not put the region into recession.”Europe’s eastern wing has for years outpaced the west, as former-communist countries took advantage of foreign investment to make productivity gains while remaining cheap sources of labor for western manufacturing chains. That dynamic has begun to change, however, as double-digit increases in salaries from the Baltics to the Balkans boost consumption, tax revenue and investment.In Hungary, Prime Minister Viktor Orban’s government is relying on commitments from private companies to invest more than 10 billion euros ($11.1 billion), said Gabor Gion, minister of state for financial policy affairs.While he didn’t give details, he said the government is also planning on introducing a new fiscal stimulus package -- aimed mainly at companies -- by the second quarter of the year.“Investment levels are very high,” Gion said in an interview at the Euromoney conference. “We believe we can maintain an investment level of 25% of output and more.”Economic DecouplingIn North Macedonia, a former Yugoslav republic that’s overhauling its economy as it vies to start EU accession negotiations, 48% of exports go to Germany. The slowdown has had an impact, with the government cutting its 2020 growth forecast. Still, it projects an expansion of 3.8% this year.“We are at a moderate risk level,” Finance Minister Nina Angelovska said. “We have broad-based growth.”The decoupling from Europe’s big manufacturing supply chains isn’t complete, however, and there may be some impact if the slowdown becomes more extreme, according to the IMF’s Ilahi. And with many countries’ central banks having cut interest rates to record-low levels, it may be up to governments to counter any tapering of growth through spending, he said.“So if an adjustment has to be made, it should be looked at from the fiscal side,” he said. “We’ve been talking about the advanced Europe slowdown for more than a year and it still hasn’t spilled over to eastern Europe in a significant manner.”(Updates with chart and changes lead paragraph.)\--With assistance from Gordana Filipovic and Peter Laca.To contact the reporters on this story: Michael Winfrey in Prague at email@example.com;Radoslav Tomek in Bratislava at firstname.lastname@example.orgTo contact the editors responsible for this story: Andrea Dudik at email@example.com, Andrew LangleyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Building automation and energy services provider Albireo Energy, LLC ("Albireo Energy") announced the addition of Advanced Automated Systems, Inc. ("AAS") to its continually expanding national platform. This partnership enhances Albireo Energy's California presence while adding a roster of marquee clients and subject matter experts in smart building technologies. Advanced Automated will operate within the Southwest division of Albireo Energy and report through Albireo's existing leadership.
EFI, an Industry leader in utility-branded marketplaces and omni-channel instant rebate technology, partners with utilities nationwide to offer energy-efficient products to eligible participating customers. EFI's award winning marketplace eliminates the hassle of rebate paperwork, offers a multitude of products, and provides instant rebates to utility customers.
RadSite™, a leading accreditation organization promoting quality-based imaging practices, announced today that Magellan Health now recognizes RadSite's MIPPA Accreditation Program (MAP) as part of Magellan's credentialing criteria for the imaging networks it manages.
Malaysia will start a program on Wednesday to hand out a total of 450 million ringgit ($110 million) to nearly half of its citizens, the government said, in a drive to increase digital transactions that will be a big boost for e-wallet companies. The money will be distributed through Southeast Asian e-wallet operators Grab, backed by SoftBank Group ; telecom company Axiata's
Aptus Exchange ("AE"), a leading healthcare brokerage and advisory firm in Chicago, today announced Webster Dental Care ("WDC") as a strategic buyer for dental practices. WDC, a high-growth dental service organization with over 12 locations, is rapidly expanding its growth through capital investment, acquisitions, and expansion.
(Bloomberg) -- Citigroup Inc. cut traders -- and got its mojo back.Revenue from fixed-income trading surged 49% in the fourth quarter -- more than double the increase predicted by analysts -- after a slump that rattled the industry a year ago. The rebound, combined with surprisingly strong earnings from debt underwriting and consumer banking, pushed net revenue for the period to the highest since 2015.The finale puts the trading division on stronger footing heading into a new decade, as executives pursue a series of profitability targets that have led to dismissals when revenue faltered. On Tuesday, they vowed to keep zeroing in on costs.“We enter 2020 in a strong competitive position,” Chief Executive Officer Michael Corbat said Tuesday in a statement. He credited both “increased revenues and disciplined expense management.”The trading windfall helped Corbat surpass a goal for return on tangible common equity of 12% in 2019. But managers already set a tougher target for this year and have been pointing to headwinds in the market.Citigroup shares rose 2.2% to $82.38 at 9:51 a.m. in New York. The stock climbed 40% in the past year, outpacing the 22% advance of the 24-company KBW Bank Index.JPMorgan GainsCitigroup joins rival JPMorgan Chase & Co. in posting fourth-quarter fixed-income trading results that topped analyst predictions. Both benefited from an active final few weeks of the year that were helped by gains in spread products and rates.“Fixed-income revenues were up significantly, reflecting both a recovery in activity level from the prior year and strong performance in the quarter, particularly in rates and spread products,” Chief Financial Officer Mark Mason said on a conference call with reporters.Citigroup’s results contrast with a year earlier, when revenue from fixed-income trading -- the firm’s largest securities business -- plunged amid market turmoil in a dark omen for the industry. That time, the firm fell short of its full-year profitability target.With trading results weak again in mid-2019, the bank set out to eliminate about 400 of its staff in that division. Revenue from the combined fixed-income and equities business beat analysts’ estimates in the third quarter, then trounced them in the fourth.Traders focusing on bonds, commodities and currencies generated $2.9 billion during the year’s final months, far ahead of the $2.37 billion projection by analysts. That more than offset a surprise drop in the much smaller equities unit.In the investment banking segment, the firm leaned on strengthening capital markets businesses -- particularly investment-grade underwriting -- to counter a drop in fees from advising on mergers and acquisitions. The segment’s biggest contributor, debt capital markets, boosted revenue 16% to $738 million.The trading cuts weren’t the only personnel moves in the year’s latter months. Citigroup assigned Jane Fraser to run its consumer bank, already in the midst of an overhaul, when elevating her to company president in October. The division’s revenue climbed 5% to $8.46 billion, signaling a potential turnaround. That was the strongest fourth-quarter in half a decade.Here are other key metrics from the quarter:Net income rose 15% to $5 billion, or $2.15 a share. Excluding a one-time tax benefit, the bank earned $1.90 a share, topping the $1.84 average estimate of 21 analysts tracked by Bloomberg.Expenses climbed 6% to $10.45 billion, higher than the $10.22 billion analysts estimated, as the bank spent more on compensation and continued investing in operations.Citigroup has been reducing the number of promotional offerings on its card products in a bid to increase interest income. Revenue from the bank’s card business climbed 6% to $5.34 billion.(Updates with share price in sixth paragraph; CFO comments in eighth.)To contact the reporter on this story: Jenny Surane in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Michael J. Moore at email@example.com, David Scheer, Pierre PauldenFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
The New Jersey Manufacturing Extension Program (NJMEP) has received approval from the U.S. Department of Labor to offer the Registered Logistics Technician Apprenticeship through the NJMEP Pro-Action Education Network™.
Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Kathleen Auda has joined the firm as Chief Risk Officer. Auda will be responsible for overseeing both the underwriting and portfolio management teams and will report to Stuart Armstrong, CEO and CIO.
Geoffrey Dohrmann, President and CEO of Institutional Real Estate, Inc. (IREI), and David "Mac" McWhorter, Executive Director of the Institute for Real Estate Operating Companies (iREOC), are pleased to announce that Dr. Randall Zisler has joined the senior leadership of iREOC as Chief Investment Strategist and Research Director. In this capacity, he will also co-lead iREOC's Strategic Capital Advisory and Research services in collaboration with Mr. Dohrmann and Mr. McWhorter.
Compassionate Certification Centers™, a medical cannabis healthcare system, in collaboration with Affinity Bio Partners, a Clinical Research Organization (CRO), and AI Health Outcomes, CannaBot™, are pleased to announce the conclusion and publication of a medical marijuana-focused observational study in Pennsylvania.
Xoriant, a leading Silicon Valley headquartered product engineering, software development and technology services company, today announced the appointment of Hari Haran as President and Chief Revenue Officer.
As world markets become interdependent and technology adoption continues to increase, marketers around the world are turning to ON24, the marketing technology leader helping enterprises create live, always-on and personalized digital experiences that drive revenue.
"Most organizations have a real 'agent problem' and they aren't even aware of it," says Stephen Miles of The Miles Group/TMG. "Its leaders aren't effective agents or advocates for valuable employees. So discussions around employees' futures can get dominated by fast talkers or bullies who push forward their own people who are less qualified."