Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 13, 2016 – Oswald Skippings says he and Sam Harvey did not defect from the People’s Democratic Movement; he yesterday told media in the PDA party’s manifesto launch that he was fired by the party because he would not take big money from big investors. “The matter is you were at a New Year’s party when one of the officials of the PDM openly stated that they turned against me because I refused money from Mr. Cashcroft and I had the nerve to campaign against him.”Skippings says he was due to publish a letter to prove it, “It’s dated 14th of April, 2015 Grand Turk, Turks and Caicos Islands. Dear Mr. Skippings, Re: Suspension of Membership, pursuant to a recommendation for the Disciplinary Committee regarding your actions that have been deemed to be contrary to the aims and objectives of the party and in direct violation to the constitution of the People’s Democratic Movement. The National General Council considered the recommendation of the Disciplinary Committee and voted in the affirmative to approve the recommendation to suspend your membership with the party.”The former leader of the PDM Party and former Chief Minister read that letter during the press conference where the PDA’s plan for the TCI were laid out in a document called ‘United for Change, Empowering Our People.’There are 113 pages which focus on developing new industries in light manufacturing and agricultural investment. The PDA is contesting 12 seats in the upcoming General Elections on December 15. #MagneticMediaNews Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:
Stagnito Media has acquired Zweig White Information Services’ media group, including CE News and Structural Engineer magazines. Stagnito is backed by Chicago-based private equity firm Cardinal Growth, which counts Zweig White in its portfolio of investments. Financial terms of the transaction, if any, were not disclosed.According to Stagnito president and CEO Harry Stagnito, the acquisition fits within the company’s goal of launching and acquiring media properties in the industrial engineering, architecture, construction and infrastructure industries, “both in the private and public sectors.”Previously, Harry Stagnito served as chief executive of Stagnito Communications, which was sold by Ascend Media to BNP Media in 2007 as part of Ascend’s estimated $30 million divestiture of its professional services division.
READING, MA — Reading Cooperative Bank (RCB) is proud to announce that Julieann Thurlow, RCB President & CEO, has been elected as chair of The Co-operative Central Bank, which is a Share Insurance Fund (SIF) made up of many co-operative banks across Massachusetts and is responsible for insuring all deposits of cooperative bank customers above FDIC limits.The Co-operative Central Bank is a private special act corporation. It was established in 1932 to provide a source of cash reserves for all co-operative banks in Massachusetts. The Share Insurance Fund was established by the Legislature in 1934 to provide protection for deposits in Massachusetts chartered co-operative banks. The SIF is a private fund owned by the member co-operative banks, which insures all deposits at co-operative banks in Massachusetts above Federal Deposit Insurance Corporation (FDIC) limits. Not one dollar has been lost in a cooperative bank in Massachusetts since its inception.The unique, combined insurance coverage afforded by the FDIC and the SIF provides the best deposit insurance available, whether deposit balances are held in passbook, statement or certificate type accounts, or in any combination of these accounts. Since its inception, the SIF has preserved the enviable claim of member co-operative banks that “no depositor has ever lost a dollar in any Massachusetts co-operative bank.”“It’s truly an honor and a privilege to serve as Chairman of an organization that’s looking out for community banks in our State,” Thurlow said. “I look forward to doing my part in upholding the promise that the fund has made to its member institutions for generations.”To contact The Co-operative Central Bank, please visit: http://www.coopcentralbank.com/contact.html.About Reading Cooperative BankReading Cooperative Bank is a depositor owned co-operative founded in 1886. This community-centric North Shore financial service provider has branches in Reading, Wilmington, North Reading, Andover, and Burlington. They also operate teaching branches at Northeast Metro Tech in Wakefield (open to the public) and at Reading Memorial High School (students and staff only), as well as an online branch at http://www.readingcoop.com.(NOTE: The above press release is from the Reading Cooperative Bank.)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 email@example.com.Share this:TwitterFacebookLike this:Like Loading… RelatedBUSINESS BRIEF: Reading Cooperative Bank Supports Mystic Valley Elder Services’ Elder Independence FundIn “Business”BUSINESS BRIEF: Reading Cooperative Bank Is A Founding Member Of Alloy LabsIn “Business”Reading Cooperative Bank’s Julieann Thurlow Ranks in the Top 100 Women-Led Businesses, AgainIn “Business”
Christophe de Margerie, the chief executive officer (CEO) of French oil giant Total, died in a plane accident in Moscow on Tuesday, an official said.De Margerie and three crew members were killed when the plane they were on collided with a snow-clearing machine at Moscow’s Vnukovo International Airport, Xinhua quoted an airport spokeswoman as saying.”A plane crashed when it collided with a snow-clearing machine. Three crew members and a passenger died. I can confirm that the passenger was Total’s head de Margerie,” said spokeswoman Elena Krylova.The collision occurred during the takeoff of the Dassault Falcon business jet bound for Paris with de Margerie on board on Monday midnight Moscow time, according to the airport.Total has also confirmed the death of its CEO in the plane crash in a statement, but said the accident had left a total of five people dead.As one of the most recognisable figures among the world’s top oil executives, de Margerie, 63, was on a list of attendees at a Russian government meeting on foreign investment in Gorki near Moscow Monday.Total is the fourth largest by market value of the western world’s top oil companies behind Exxon, Royal Dutch Shell and Chevron, and also one of the top foreign investors in Russia, which accounted for about 9 percent of Total’s oil and gas output in 2013.
Sophie TurnerReutersSophie Turner has been revealing a lot about her time on the sets of X-Men: Dark Phoenix lately.Her recent revelation could make fiancé Joe Jons a little jealous. Reportedly the Game of Thrones star joked that she is “in love” with on-screen boyfriend Tye Sheridan (aka Scott Summers aka Cyclops)… and that the Jonas brother is perfectly understanding of the whole situation, of course.”I mean, we’re in love,” Turner told Entertainment Tonight, with her co-star adding: “I’m in love with Soph.””And I’m completely in love with him,” the Jean Grey actress added, revealing: “[Joe] knows, he’s fine with it.”Wow, Joe Jonas sure seems like a pretty good fiancé. Apparently, Turner did gush genuinely about Sheridan, adding: “We’re like, such good friends, and I’ve always said to Tye, he’s my best onscreen boyfriend I’ve ever had.”And it’s just so nice to have such a wonderful relationship with someone that you’re sharing such intimate scenes with. It’s really important to have that connection.” X Men: Dark PhoenixInstagramSophie Turner also opened up about working with director Bryan Singer and how it wasn’t a completely pleasant experience as well as her on-=set confrontation with a fellow co-star on the set of Dark Phoenix. But the confession that got the Sansa Stark actress in a lot of trouble with fans was when she confessed that she had revealed the ending of the final season of Game of Thrones to her friends. The actress had to clarify what she meant. “I was on Twitter and saw these headlines like ‘Twitter followers are being so mean to Sophie Turner after reports she told her friends the ending of Game of Thrones’,” she said.”The truth is I’ve only told two people. It’s not that many. To be honest, I don’t read many of the mentions on Twitter because there’s normally quite a bit of hate. Everything I say will always have some negative reactions so I’m not surprised.The final season of Game of Thrones will air in April. We can’t wait for the final season of Game of Thrones.
As controversy surrounding its flagship brand Maggi intensified, Nestle India has witnessed a 15 percent fall in its share prices in the past six trading sessions.The share price of Nestle India plunged to ₹6,010.80 on 4 June from ₹7,064.85 on 27 May, with volume of shares traded on the exchanges increasing by 8 times.Several states across the nation have started taking stern action against Maggi after they found higher than the permissible levels of lead and MSG in the samples of instant noodles.The controversy over Nestle India’s failure to follow the food safety standards grew more intense, when the Central government on Wednesday filed a complaint against the food manufacturer with the National Consumer Disputes Redressal Commission (NCDRC), IANS reported.A drop in Maggi sales is expected to impact Nestle India’s performance as they account for 15 to 20 percent of the company’s overall revenues. Nestle occupies 60 percent of share in the instant noodle market in the country.Reacting to the development, a foreign brokerage firm Barclays has downgraded its target price for shares of Nestle India to ₹5,149 from ₹5,593 previously estimated.Barclays expects sales of Nestle India to be weighed down by a ban of Maggi in several states. It also expects actions by various state governments to negatively impact profit margins of the company.”Sales of Maggi brand have increased by 21 per cent CAGR over the past 10 years (sales contribution rising by 1,100 basis points) but have remained weak over the past two years – a trend that is likely to persist near-term (impacted by rising competition and muted consumer environment),” Barclays told Business Today.India’s major retailers Future Retail and Kendriya Bhandar have already declared that they would not be selling Maggi noodles for the time being.After Delhi’s food safety watchdog detected high levels of lead and monosodium glutamate (MSG), a flavour enhancer, in the samples collected from across the national capital, the AAP government imposed a 15-day ban on its sale in the capital city.The Gujarat government on Thursday banned the sale of Maggi for one month.Bihar, Punjab, West Bengal, Himachal Pradesh, Odisha, Maharashtra, Haryana, Karnataka and Uttar Pradesh are currently testing the samples of Maggi noodles to detect chemicals that are harmful to health.”At 35 times, 2016E EPS, Nestle India shares are trading at a 20 per cent premium to peers and above its historical average of around 30 times. We lower our earnings forecasts by around 6 per cent and our target multiple to 28 times, cutting our price target to ₹5,149,” the report said.According to the some analysts, as Nestle is a global brand, a current fall in its prices will not deter the investors from buying the company’s stock from a long-term perspective.”Indians they have a lot of tolerance, they do not really bother about lead etc in food, given the pollution that we have. So, definitely a time to buy into Nestle because it is not going out off business yet,” Ashwani Gujral, Fund Manager at Ashwanigujral.com, told The Economic Times.
The Bombay Stock Exchange in Mumbai on Feb 29, 2016 (representational image).IANSReliance Industries Ltd. (RIL) shares hit a new 52-week high of Rs 1,287 on the Bombay Stock Exchange (BSE) on Friday even as benchmark indices Sensex and Nifty were trading in the red. The RIL stock later shed gains and was trading at Rs 1,268 at around 11.40 am; brokerage CLSA has raised the target price for the stock to Rs 1,500 in a note, reported the Business Today.RIL share price has rallied sharply in the past three months, from Rs 994 on December 5, 2016 to a new high of Rs 1,287, marking a gain of 29.4 percent. The previous 52-week high was Rs 1,256.50 scaled on February 27, 2017.The 30-scrip BSE Sensex was down 84 points to 28,756 while the NSE Nifty was trading at 8,872, down 28 points. Top Sensex losers were HDFC, Asian Paints and ITC.In other corporate news, the Goods and Services Tax (GST) Council decided to peg the peak GST rate at 40 percent to brace for any increase in the rate after the proposed cess is removed. The move does not impact the four tax slabs — 5, 12, 18 and 28 percent.The necessary amendment will be made in the draft GST Bill when the legislation is debated by the Parliament during the second half of the Budget Session that commences on March 9.The trend in Asian stock markets was weak on Friday, reflecting on Indian bourses. “After a weak start, Asian markets were trading lower today as markets took a breather in the U.S. & Europe on Thursday. Post weakness in the Unites States, the Japanese markets today opened almost 0.10 percent lower. The weakness in global markets is very much likely to give domestic markets a lacklustre start as indicated by the SGX Nifty which is trading 0.33 percent down in red,” Geojit BNP Paribas said in a note.Shares of EPC company Larsen & Toubro (L&T) remained almost flat at Rs 1,464 in response to the Karnataka government scrapping the Rs 1,791-crore steel flyover ( from Basaveshwara Circle to Hebbal) project. The company had won the project last October and was awarded the letter of acceptance (LOA).On Thursday, foreign portfolio investors (FPIs) were net buyers of Indian equities worth Rs 123 crore, according to provisional data released by the National Stock Exchange (NSE).The 10-year G-Sec bond ended with a yield of 6.845 percent and the Indian rupee closd at 66.71 to the US dollar on Thursday.
OYO RoomsReutersHoteliers across India are planning to take the legal route to force bookings aggregator Oyo to abandon alleged predatory behaviour. Hundreds of budget hotels in major metros such as Mumbai, Bengaluru, Hyderabad and Kolkata have joined hands to take the move forward, the Economic Times reported.The grouse of the hoteliers is that Oyo is suppressing prices, changing contract terms and threatening to delay payments. The Budget Hotel Association of Mumbai is in the forefront of forming a nationwide lobby of hoteliers.Oyo, a unicorn startup flush with money, raised $1 billion in September, taking its valuation to $5 billion.”Rooms that we used to sell for Rs 2,000-2,500 are now being sold for Rs 800-900. Because of funding they are able to sell rooms at much lower rates. The minimum guarantee fee is also not coming, so we are not left with a choice,” Budget Hotel Association of Mumbai president Ashraf Ali told the daily.Oyo, India’s most valued startup built by Ritesh Agarwal, disrupted the hotel booking process entirely, offering customers a wide variety of rooms at dirt cheap rates.Backed by Japan’s Softbank and flush with funds, Oyo is already the biggest hotel chain in India. The company is also expanding aggressively into foreign markets like China and Japan.The Gurgaon-based company now manages as many as 180,000 rooms in China, compared with about 150,000 rooms in India and the rest of south Asia combined.Oyo Hotels & Homes, which is India’s second most valuable startup after Paytm, opened up great vistas of opportunities for travellers around the country but the innovative business practice is eating into the profits of hotel owners and threatening to unravel their commercial existence. OYO Rooms founder Ritesh AgarwalHotels owners in various cities say that they are left with meagre little after Oyo levies around 23-30 percent of the heavily discounted prices. Of late, the online platform has been arm-twisting them into accepting terms that are not viable anymore, the owners say.Oyo denied the charges, adding that it is focused on offering fair pricing to customers while hotel owners get an opportunity to scale their business using the platform.
Thousands of milk farmers across Maharashtra launched an agitation for their various demands early on Monday, hitting supply of fresh milk across big and small cities in the state.Scores of milk tankers bound for major cities including Mumbai, Pune, Nagpur, Nashik and others were blocked in different parts of the state, raising the spectre of milk shortage.As the agitation continued, around a dozen milk tankers each from Nashik and Kolhapur were despatched for Mumbai under armed police escorts, while the Opposition Congress and Nationalist Congress Party and others threw their weight behind the agitators.The farmers’ groups, led by Swabhimani Shetkari Sanghatana (SSS) and Maharashtra Kisan Sabha (MKS), are demanding a subsidy of Rs 5 per litre milk, waiver of goods and services tax (GST) on butter and milk powder among others.Tankers laden with lakhs of litres of milk were waylaid and emptied on the roads in Pune, Nashik, Kolhapur, Sangli, Beed, Palghar, Buldana, Washim, Aurangabad and Solapur, while at least one tanker was torched near Amravati en route to the big cities, which are totally dependent on supplies from the rural areas.In other places, activists performed the symbolic ‘dudh-abhishek’ with milk in major temples in Pandharpur, Pune, Beed, Nashik, Ahmednagar and other places to lodge their protest even as the state government warned of strict action.At some places, top leaders like SSS president and MP Raju Shetti and MKS president Ajit Nawale took to the streets to block the milk tankers while several big and small milk cooperatives announced support to the farmers’ agitation.”The state government has fixed the procurement price of Rs 27 per litre but the farmers get barely Rs 17 per litre. We are demanding a direct subsidy of Rs 5 per litre to the farmers, as provided in Goa, Karnataka and Kerala.”With a drop in the rates of skimmed milk powder, even the milk cooperatives are facing a tough time,” Shetti told the media.Nawale said the government’s announcement of Rs 50 per kg subsidy for milk powder may not benefit the farmers since the prices of milk powder have come down in the international market, but would be a boon to private companies which convert milk into powder.As the issue was taken up in the Maharashtra Legislature in Nagpur, animal husbandry and dairy development minister Mahadev Jankar assured that the cities would not suffer any milk shortages.He said that Mumbai, which requires over seven million litres fresh milk daily, has adequate stocks of 15 days. Most urban centres together account for over 10 million litres, with Pune and surroundings needing 1.3 million daily.”We are trying to resolve the issue. If anybody attempts to break the law, they will be dealt with sternly,” Jankar warned the farmers, and later said the government was prepared to give Rs 3 per litre subsidy.Minister of State for Cooperation Subhash Deshmukh accused the protesting leaders of deliberately “misleading” milk producers with the agitation.”Their sole objective seems to be to embarrass the state government and harass the milk producers,” he said.On reports that the government planned to “import” milk from Gujarat and Karnataka to meet the requirements, Shetti shot back that it was a ploy to break the farmers agitation and they would launch a satyagraha against the state’s move.According to official figures, Maharashtra has approximately 15,000 cooperative dairy societies, 85 cooperative dairy unions, 98 milk processing plans, 156 chilling centres and 192 cold storages including 167 in the private sector.