Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York About six years ago, Nature’s Bounty, the vitamin and food-supplement maker that employs over 2,000 in the Town of Islip, announced plans to open a $32 million, 60,000-square-foot manufacturing facility in Amityville’s New Horizons Industrial Park, located in the Town of Babylon.To run it, Nature’s Bounty would soon hire more than 200 local workers to manufacture energy bars for global sales. A vitamin and food-supplement manufacturer with manufacturing operations in California, China and elsewhere, Nature’s Bounty was, and is, Islip’s largest employer that is not a hospital. It is also one of the largest private employers in Suffolk County.To sweeten the pot for company officials, the Babylon Industrial Development Agency slashed the company’s Amityville tax bill by 60 percent for 15 years. In 2013, when the facility opened, Empire State Development, New York State’s economic-development arm, offered a $750,000 grant of its own.Within just two years, the good vibes soured. In March 2015, Nature’s Bounty closed the plant, axing more than 200 jobs. The plant’s work was outsourced to Nellson Nutraceutical, a California company whose “very special manufacturing capabilities” could “produce more bars and faster,” according to a spokeswoman.Matthew McDonough, Babylon IDA’s chief executive, tried to talk the company into staying. No dice.“California,” he says, “was a done deal.”The state withheld grant payment while McDonough clawed back nearly $294,000 in owed abatements.“Ironically, we ended up leasing one of the buildings to Bloomfield Bakers, from California,” he tells me.By the following year, the company was considering its options. In Fall 2016, Nature’s Bounty told Empire State Development that its 11 Long Island manufacturing facilities required extensive upgrades to keep the company from relocating. Howard Zemsky, Empire State Development’s chief, “assessed the threat of moving the company’s manufacturing and distribution out of state to be real,” according to William Mannix, executive director of Islip’s Industrial Development Agency. Albany then offered a grant of up to $25 million and $10 million in job training and other workforce development programs.In return, the company committed to creating 157 new jobs, retaining 2,042 existing jobs while investing over $142 million on upgrading its Long Island plants.Locally, Islip’s IDA board offered $8.4 million worth of tax abatements to the company over the next decade. The agency also expects to extend an undetermined amount of sales tax benefits as well, based on final capital cost reporting. The retention deal is expected to close within several weeks.Job creation is a key component of any government retention strategy. According to a report in Newsday at the time, Nature’s Bounty’s CEO “pledged” to add the jobs within a year’s time. A spokeswoman says that the equipment needed to run the facilities would be transferred within three months’ time.Since then, the company’s executive suite has had a shakeup. Last July, Nature’s Bounty’s long-time private equity owner, the Carlyle Group, sold a majority-stake sale of the company to Kohlberg Kravis Roberts for a reported $3 billion. After the deal the new owners divested most of the company’s European operations, slimming its global work force by about 75 percent.CEO Steve left Ronkonkoma and moved into the corner office of the Kellogg Company, the global cereal maker. Replacing him was Paul Sturman, former worldwide head of Pfizer Consumer Healthcare. The company’s best-known brands remain, including the flagship Nature’s Bounty, plus Sundown Naturals, Osteo Bi-Flex, Solgar, Balance Bar and Puritan’s Pride.Despite the upheaval, apparently neither state nor local IDA officials have opened conversations with Sturman to gauge the new CEO’s level of commitment to his predecessor’s pledge. Messages asking about job creation left with Sturman were not returned. Jodi Katz, a spokeswoman, says hiring information “would be made available at such time as we submit a filing” with Empire State Development. That won’t be before the end of the year, at the earliest – a long time for people waiting on jobs.John Lombardo, who runs Suffolk County Community College’s Advanced Manufacturing program, tells me: “I know firsthand they are actively participating in every job fair at Stony Brook, Suffolk Community College and the regional labor departments. I’ve every reason to believe they’ve probably already exceeded their original hiring goals.”Hopefully this time the new hires will be permanent.Warren Strugatch is a partner with Inflection Point Associates, a consulting firm in Stony Brook. Contact him at [email protected]
The report credits Samsung’s success to its mid-tier and budget smartphones, as well as flagships, such as the Galaxy S20 series and the Galaxy Z Fold 2. Apple also had a delayed launch for its iPhone 12 series which prevented the Cupertino giant from getting that push in sales. Typically, Apple launches new iPhone models in September, which is the end of the third quarter. This time, the launch took place in October.Lastly, the report adds that in terms of the global smartphone market in Q3 2020, Samsung took the top spot with 21.9 percent share, beating Huawei and Xiaomi.An analysis by International Data Corporation (IDC) for Indian smartphone market for Q3 2020 also revealed that Samsung came in second with 12.1 million smartphones shipped, but had a significant 38.1 percent growth compared to Q3 2019.- Advertisement – Samsung has surpassed Apple for the first time in three years by shipping the highest number of smartphones in the third quarter of 2020 in the US. According to the analysis carried out by Strategy Analytics, Samsung had a market share of 33.7 percent in the US this year. Apple came in second, followed by LG. The report says that Samsung was able to take the lead this time thanks to its mid-tier and budget smartphones, along with the launch of its new Samsung Galaxy S20 series.As per the report by Korean Herald citing Strategy Analytics, for the first time since 2017, Samsung has surpassed Apple in terms of total smartphones shipped in a quarter. In the third quarter of 2020, Samsung accounted for 33.7 percent of the US smartphone market which is a 6.7 percent growth compared to last year’s third quarter. Apple came in second with 30.2 percent market share. LG followed with 14.7 percent market share.- Advertisement – – Advertisement – Is this the end of the Samsung Galaxy Note series as we know it? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
Spohr will address the online meeting set to begin at 1000 GMT, urging investors to back the plan he hammered out over weeks of talks with ministers and the European Commission.The nine billion euro (US$10 billion) plan includes the state claiming a 20 percent stake.Thiele, who made his fortune in the rail and auto industries and owns 15.5 percent of Lufthansa’s stock, had repeatedly voiced scepticism about the deal – to the dismay of Lufthansa management, employees and unions.But he told the Frankfurt newspaper insolvency had to be avoided even if he still had doubts about the bailout, in a nod to his concerns about the government climbing on board. Lufthansa’s top shareholder on Wednesday said he would back a nine billion euro government rescue package, removing the threat of a last-minute veto that could have plunged the German airline into bankruptcy.”I will vote for the agreement,” German billionaire Heinz Hermann Thiele told the Frankfurter Allgemeine Zeitung newspaper on the eve of an extraordinary general meeting where investors will decide on the fate of the coronavirus-hit giant.Chief executive Carsten Spohr has warned that “the future of the company” is at stake after the pandemic throttled Lufthansa’s usual flood of passengers to a trickle for several months this year. “It is in the interest of all Lufthansa employees that management can quickly begin talks about the necessary restructuring,” Thiele said.Even with the government aid, Lufthansa has said it may have to slash thousands of jobs as travel demand is expected to stay below pre-pandemic levels for years.But in another boost for the airline, it struck a deal with German flight attendants’ union UFO late Wednesday to cut 500 million euros in costs by 2023 while avoiding cabin crew layoffs.The savings would be achieved through measures including pay freezes, reduced flight hours, early retirement and unpaid leave, both sides said in a joint statement.The deal still needs to be approved by union members.But UFO spokesman Nicoley Baublies said it “brings urgently needed job security” for Lufthansa’s 22,000 flight attendants as the company weathers an unprecedented crisis.Lufthansa shares jumped more than 16 percent at 2300 GMT in after-hours trading as investors digested the latest developments.Veto powerLufthansa’s board warned shareholders ahead of Thursday’s vote that insolvency was “unavoidable” if the bailout was rejected.Given that shareholders representing just 38 percent of the capital have registered to participate, Thiele held the power to singlehandedly torpedo the deal.The 79-year-old’s motivations for building up his own stake in Lufthansa remain murky.”I will continue to exert influence on the development of Lufthansa,” he told the FAZ, declining to elaborate.Bracing for a worst-case scenario, Spohr on Sunday said Lufthansa was “prepared” to keep flight operations going even if the vote goes against the board.Before launching insolvency protection procedures, bosses would “use the time to talk over alternatives with the government,” he added.The powerful Verdi union welcomed Thiele’s green light.”This ends an existential threat for almost 140,000 employees globally and their families,” it said in a statement.”Other shareholders must now follow Thiele’s example and agree to the rescue package.”Heavy weatherLufthansa’s climb out of the coronavirus storm promises to be long and arduous as countries emerge from lockdown and air travel slowly resumes.By September, the group expects its timetable to remain 60 percent below levels seen before the pandemic.Further into the future, around 100 of Lufthansa’s present fleet of 763 aircraft will likely be surplus to requirements.Elsewhere in the group, Vienna granted subsidiary Austrian Airlines aid totaling 450 million euros, while Swiss and Edelweiss received loans totaling 1.2 billion euros from Bern.Talks continue with the Belgian government over Brussels Airlines, which plans to shed 1,000 jobs.Topics :
1 Uganda211020+24 Uganda Cranes XI that started: 4 South Sudan200213−20 Uganda Cranes starting XI vs Malawi. PHOTO FUFA MEDIA FULL TIMEUganda 2 (Emma Okwi -29th, Bayo -66th) Malawi 0 AFCON 2021 QualifiersUganda – 4 PointsBurkina Faso – 4 PointsMalawi – 3 PointsSouth Sudan – 0 PointsKampala, Uganda | THE INDEPENDENT | Uganda Cranes went top of AFCON qualifying Group B with four points after they beat Malawi 2-0 at Mandela Stadium on Sunday.Uganda’s two goals came off defensive errors by the visitors who struggled to sock the pressure. First Emma Okwi latched onto a long over head ball that beat a defender, to thump in the opening goal, before Fahad Bayo shrugged of tackles, to drill his later in the second half.It is a flying start for new Coach Jonathan McKinstry, who opened his era with a goalless draw away to Burkina Faso. Burkina are set to join Uganda at 4 points, as they lead South Sudan 2-0 in Juba. 2 Burkina Faso211021+14 3 Malawi210112−13 Share on: WhatsApp PosTeamPldWDLGFGAGDPts Denis Onyango (GK, Captain ) 18, Nico Wadada 14, Bevis Mugabi 5, Joseph Ochaya 2, Murushid Juuko 4, Khalid Aucho 8, Mike Azira 23, Faruku Miya 17,Emmanuel Okwi 7, William Kizito 10 & Fahad Bayo 13.Subs: Robert Odongkara (GK) 1,Charles Lukwago (GK) 19, Isaac Muleme 20, Hassan Wasswa 16, Nicholas Kasozi 11, Timothy Awany 3, Halid Lwaliwa 15,Taddeo Lwanga 6, Allan Kyambadde 21, Patrick Kaddu 9 & Allan Okello 12LIVE TWITTER FEED
eSports FIFA 18 Ultimate Team of the Week: Mahrez & Son star in TOTW 13 Ronan Murphy 00:47 12/14/17 FacebookTwitterRedditcopy Comments(0) Getty eSports Leicester City Tottenham Hotspur Premier League The Premier League duo are included after impressive performances for their clubs, while Samir Handanovic and Nacho Fernandez also receive upgrades Leicester City’s Riyad Mahrez and Tottenham’s Heung-Min Son are two of the big names receiving upgrades in the latest FIFA 18 Ultimate Team of the Week.The wide pairing were rewarded for their performances against Newcastle United and Stoke City respectively. Nicolas Otamendi also gets a ratings boost after scoring the winner in the Manchester derby, while West Ham’s Winston Reid is included in the latest XI.Samir Handanovic’s upgrade makes him one of the highest rated goalkeepers in the game, with Quincy Promes also receiving another in form card following Spartak Moscow’s 3-0 win over rivals CSKA Moscow. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Jozy Altidore’s MLS Cup winning performance sees him get a special Man of the Match edition upgrade, while Tigres UANL’s centre-back Francisco Meza also receives one after helping his side win the Liga MX Apertura.The Team of the Week is available from 1800 GMT on Wednesday, December 13 until December 20. STARTING XISamir Handanovic – Inter – 87>89Nicolas Otamendi – Manchester City – 83>86Nacho Fernandez – Real Madrid – 81>84Winston Reid – West Ham United – 79>82Riyad Mahrez – Leicester City – 83>86Heung-Min Son – Tottenham Hotspur – 82>86Saul – Atlético de Madrid – 82>84Quincy Promes – Spartak Moskva – 82>84Jermain Defoe – Bournemouth – 80>83Valere Germain – Olympique de Marseille – 80>83Vincent Aboubakar – FC Porto – 78>82BENCHStefano Sorrentino – Chievo Verona – 79>82Christophe Kerbrat – En Avant Guingamp – 75>81Giacomo Bonaventura – Milan – 83>85Younes Belhanda – Galatasaray – 81>84Leon Bailey – Bayer 04 Leverkusen – 76>81Nils Petersen – SC Freiburg – 76>81Jozy Altidore – Toronto FC – 76>84RESERVESRoy Gelmi – FC Thun – 62>72Francisco Meza – Tigres U.A.N.L. – 72>79Kemar Roofe – Leeds United – 70>78Houssem Aouar – Olympique Lyonnais – 67>76Guido Carrillo – AS Monaco – 74>80