Target to discontinue Canadian operations

Target Corporation announced on Thursday that it plans to discontinue its operation in Canada in which there are 133 stores, which is owned and operated by wholly-owned subsidiary Target Canada.

Target Canada took steps to make sure of its fair and orderly exit. Moreover, it sought for court approval to start with the liquidation process. Target Canada filed for an application for protection under the Companies’ Creditors Arrangement Act (CCAA).

In the 133 stores in Canada, there are approximately 17,600 people employed. To ensure that the employees are fairly treated, Target Canada seeks court’s approval to voluntarily make cash contributions of approximately $59 million into an Employee Trust. In that proposal, Target would provide a minimum of 16 weeks of compensation, that include wages and benefits coverage for employees who are not required for the full wind-down period.

All Target stores in Canada remain to be open until the liquidation process is finished.

“When I joined Target, I promised our team and shareholders that I would take a hard look at our business and operations in an effort to improve our performance and transform our company. After a thorough review of our Canadian performance and careful consideration of the implications of all options, we were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021. Personally, this was a very difficult decision, but it was the right decision for our company. With the full support of Target Corporation’s Board of Directors, we have determined that it is in the best interest of our business and our shareholders to exit the Canadian market and focus on driving growth and building further momentum in our U.S. business,” said Brian Cornell, Target Corporation Chairman and CEO.

NCAA Football Bowl Games 2014-2015 Schedule: New Orleans Bowl Odds and Point Spread, TV Schedule, Preview

 

The Nevada Wolf Pack will face the Louisiana-Lafayette in the New Orleans Bowl 2014  on December 20, 11:00 AM EST at Mercedes-Benz Superdome, New Orleans .

The Nevada Wolf Pack had their moment as they knocked down a visiting Pac-12 team Washington State Cougars in Week 2. The Wolf Pack had another exciting game versus the ultimate Pacific South Champs Arizona Wildcats but was beaten with a 35-28.

The Wolf Pack gained themselves back against the San Jose State St. Spartans with a 21-10 win. However, unexpected losses from the Colorado State Buffaloes and Boise State Broncos were at the Wolf Pack’s home base.

Two consecutive wins against the BYU Cougars and the Hawaii Warriors made the Wolf Pack qualified to compete for the College Football Bowl.

Trying to get the chance of playing for their division, the Wolf Pack was nailed by Fresno State Bulldogs at 20 until time ran out with the final score of 40-20.

Cody Fajardo, who led the Wolf Pack to a 49-7 win over New Mexico, running for two touchdowns and completing 20 of 25 passes for 203 yards last October 2011, is a must watch player of the Wolf Pack.

The Louisiana Ragin Cajuns, who won their three consecutive bowl game with one win and three losses game as a start, didn’t stop them fighting for their fourth year bowl.

After their losses against the Louisiana Tech Bulldogs, the Ole Miss Rebels and the Boise State Broncos, six consecutive win games were recorded. Wins include the thrilling 55-40 victory over Arkansas State Red Wolves last October 21 at Ragin Cajuns’ field.

Even if another loss against the Appalachian State Mountaineers was added to the Ragin Cajuns’ record, it is not a reason to relax. Thirst for their fourth year bowl, the Ragin Cajuns played against Troy Trojans with a win of 42-23.

Player whom people want to keep an eye of is the Sophomore Elijah McGuire.

New Orleans Bowl 2014 Nevada vs Louisiana-Lafayette kick off time is at 11:00 AM ET. New Orleans Bowl 2014 Nevada vs Louisiana-Lafayette tv schedule is on ESPN.  New Orleans Bowl 2014 odds and point spread: -1 Nevada.

Walmart Black Friday 2014 Flyers and Ads: Deals on iPad Mini, Xbox, PlayStation4, Samsung Galaxy Ace, Laptop, Tablet deals

Walmart rolled out its Black Friday Flyers and Ads already. With the shoppers looking for the best deals, most of the times Walmart is the No. 1 option for the holiday shopping bonanza.

While the Black Friday shoppers want to avoid the long lines outside the store and on cashier, Walmart intended to open its stores nationwide on Thanksgiving Day at 6:00 PM.

Traditionally, Walmart opened its stores early Black Friday with the shoppers waiting for a long line outside for the doorbuster deals. Because accidents happened several years ago as shoppers rushed into the stores, others being hurt as stampede occurred, Walmart paves the way for Thanksgiving Day opening.

The early opening of Walmart stores would actually provide time for the shoppers to come on Thanksgiving night instead of eating turkey or watching football at home. It gives more time for the consumers to roam around with fewer people in the store.

“While supplies last” is the tag line of Walmart in its Black Friday ads. On page one, the iPad Mini 16GB with Wi-Fi attracts the consumers because it costs only $199 each.

Walmart released its Black Friday flyers and ads online already. Without a doubt, great deals come for the shoppers who could get these items while supplies last. The Xbox One Halo is also available for only $329 with one hour guarantee in store only.

To get more savings on Black Friday, Walmart offers the HP Intel Celeron Touch Laptop for only $249. Also, the RCA 7″ Google Play Wi-Fi Tablet is also very affordable for only $29. Shoppers would already think about the cheap prices of Walmart’s electronic gadgets on Black Friday.

Walmart entices the customers by the Samsung Galaxy Ace Style on Straight Talk, Wireless for only $29. It’s mind-boggling how the price could this be low. In addition, the $35 LG Blu-ray Disc Player captures the attention of the shoppers.

Beats by Dr. Dre wireless Headphones are available at Walmart for only $149 each pair. For only $399, the PlayStation 4 can be purchased. Walmart provides all the shoppers with such items at the lowest affordable prices.

Ace Hardware Black Friday 2014 Ads: Enticing deals for shoppers, opening hours

Ace Hardware has released its awesome deals for Thanksgiving Day and Black Friday. Numbers of items that would gather savings are worth looking for the shoppers.

One of the best deals at Ace Hardware is  The Mini Light Set is available at just $5.99 if the payment is done through ACE reward cards. Ace Hardware also offers Retro steel road Grader of Tonka or the Dump Truck of Tonka for only just $19.99 if payment done from ACE reward cards. Shoppers will never miss the chance to get these awesome deals.

The shoppers can also buy the Green outdoor extension 3 power stakes at just $9.99. It is the Holiday Hot Buy deal released by Ace Hardware exclusively for Thanksgiving week. The Snow Thrower from Craftsman is available at just $379.99, it is electrically start with 179 cc of engine and cleaning width of 21’’ and intake height. The shoppers will be enticed to get the deal to buy Mechanic Toll set at just $39.99 which will include ratchets, sockets, adapters, screwdriver as well as nutdriver.

Moreover, the consumers would get an opportunity to buy the cordless and compact driver kit of Dewalt at just $99.99. This kit includes 2 batteries of lithium- ion with the contractor bag. Ace Hardware offers the deal only on  Friday on 28, Nov 2014, where you can buy any product at 50% discount which is priced under $30.

Ace Hardware opening time is at 7:00 AM on Black Friday.

Halloween Costumes: Walmart apologizes and changes it to Women’s Plus Size

The Walmart site caused an uproar among online customers when they labeled its selection of adult plus-size Halloween outfits “Fat Girl Costumes.”

On October 21, copywriter Kristyn Washburn ,among the first to bring the faux pas to the company’s attention and alert everyone on social media when she tweeted”.@Walmart Not sure labeling these as “Fat Girl Costumes” is the best approach. #rude.”

On social media, people have voiced their disappointment with the retailer. A flood of responses of “Fat Girl Costumes” and top trending topic on Twitter “Walmart took it to another level today with their ‘fat girl costumes’ section on their website. Disappointed and flabbergasted.”

Shoppers that looking for plus-size “Delightful Devil” or “Nerdy Girl” outfits began observant and getting angry about the subheading a week ago, but Walmart didn’t respond or fix the mistake on the page until this afternoon.

By Monday afternoon, Walmart had changed the “Fat Girl Costumes” subhead with “Women’s Plus Size Halloween Costumes”. They also responded to all tweets about the incident with the following two messages: “We are working to remove it as soon as possible and ensure this never happens again” and “This never should have been on our site. It is unacceptable, and we apologize.”

J.C. Penney hires Home Depot’s Marvin Ellison

J.C. Penney announced that Marvin Ellison, from Home Depot, will become the new CEO-designee in November, replacing Ron Johnson. Ellison will officially hold the position in August 2015.

Ellison becomes the second African-American CEO in the, retail industry with Rosalind Brewer of Sam’s Club.

“J.C. Penney thought, wrongly, that no update on succession was okay seeing as the man who saved the company from death was to be at the helm,” Belus Capital Advisors analyst Brian Sozzi, who has a “hold” rating on the retailer, wrote in a note to investors.

Ellison’s base salary is lower than either of his two predecessors, getting 1.5 million a year. When he heads the Home Depot last year, he had a total salary compensation package worth $4.37 million.

Ellison will have to clean up the mess that created by his predecessor Ron Johnson, losing $4 billion in his stint before leaving his position in 2013.

Stock shares have decline 23 percent this year while few shoppers are going to its stores. Its shares plummeted 29 percent last week.

Store’s Specialists Inc to open two global brands

MANILA, Philippines – SSI Group Inc. is set to open two more global brands within the year.

According to Anton Huang, SSI president, he said that before the year ends the firm is planning to open stores of UK-based Reiss and Spain’s Cortefiel.

With more than 100 international brands under its belt, SSI, is the company that brought some of the more popular global brands in the Philippines.

Stores Specialists Inc.(SSI) is a member of the Rustan’s Group of Companies and the exclusive franchisee of some of the finest international brands in fashion and lifestyle such as Lacoste, Gucci, Salvatore Ferragamo, Bally, Michael Kors, Prada, Burberry, Marc Jacobs and a lot more. SSI group is the specialty retailer arm of the Rustan’s Group.

Reiss is a UK-based fashion brand owned and run by founder, David Reiss. It specializes on stylish menswear and womens wear and its popularity after the wife of Prince William the Duchess of Cambridge Catherine Middleton was spotted wearing their products.

Cortefiel of the The Cortefiel Group is Spain’s second largest apparel retailer, a brand also under SSI’s portfolio.

“This year we opened Old Navy and we were the first franchisees in the world. We opened Pottery Barn, again the first in Asia. We opened Givenchy, Stella McCartney and Alexander McQueen. We’re doing Reiss this year from the UK and Cortefiel this year as well,” Huang added.

He said SSI will be opening more stores early next year as it continues to expand its business.
Huang also added that they were always in the lookout for new retail concepts and brand opportunities.
SSI was established in 1987 to operate the specialty retail operations of Rustan’s.

BIR to end “Premyo sa Resibo”

MANILA, Philippines – The “Premyo sa Resibo “of the Bureau of Internal Revenue (BIR) will discontinue the program and will have its final draw in October 3,2014, according to the BIR in a statement.
The BIR and its technical partner Philweb Corporation have jointly approved to discontinue its implementation effective October 1, 2014. Philweb is the gaming technology provider of PSR. The PSR program has been implemented since June 2006.
PSR has been a key program in the BIR, as the program achieved its Prime Objective to raise the awareness on the importance of demanding the issuance of official receipts by commercial establishments and professionals as well.
The BIR and its technical partner for the program Philweb Corp. have agreed to discontinue the PSR program effective October 1, 2014.
All text entries from September 19 to 30 will qualify for this draw. All text-entries sent after 11:59 p.m of September 30, 2014 will no longer accept nor process by the PSR and telecommunication companies.
The final draw will be held at Room 611, Client Support Service, BIR National Office, Agham Road, Diliman, and Quezon City. The final draw will have 10 winners of P10, 000 each and 10 winners of P5, 000 each. Winning entries shall be posted in the premyosaresibo.com.ph and the BIR website at www.bir.gov.ph.

SBMA to cut port fees

MANILA, Philippines–The Subic Bay Metropolitan Authority (SBMA) will cut port fees to encourage more firms to use the Subic port.

Given the new rate reduction scheme, it is foreseen that it will result to revenue losses of $10 million to $15 million for the agency. The SBMA said in a statement on Wednesday that these losses represented the difference between the existing harbor and berthing fees and the reduced rates that will be implemented over a six-month period, starting in October 1.

According to Roberto Garcia, SBMA chairman, the agency is set to reduce the harbor fee at Subic’s New Container Terminal to $0.008 per gross register tonnage (GRT) from $0.046 per GRT and the berthing fee to $0.004 GRT, daily from $0.0345 per GRT a day.

“We hope to recoup the losses in the long run, as we are also doing this to encourage new lines to come over, as well as to show our appreciation to existing shipping lines that had stuck with Subic in all its lean years,” added by Garcia.

The rate reduction is expected to help establish Subic as an alternative port together with Batangas. This is seen to help ease the congestion at the Port of Manila.

ATM dispenses gold in Singapore

Singapore is now home to other “Asia-first” feature first automated teller machines (ATMs) that dispense gold.
The ATMs are made by Asia Gold ATM, and they dispense variety made of pure gold ranging from 1 gram to 10 grams in size that produced by top Swiss refiner PAMP.

Two such ATMs have been installed in Singapore at Resorts World Sentosa and the other at Marina Bay Sands.

Asia Gold ATM said it decided to launch the machines domestically because of the city-state’s status as “a travel destination for affluent travelers and an increasingly important hub for the gold-trade industry.” The two resorts, in particular, attract high-earning individuals from around the world.

The gold products which are available in a variety of sizes from one to ten grams will have different prices daily depend on the global gold prices of the day and are adjusted automatically every day.
A one gram pendant cost $100 while a 10 gram one cost $660 in the day of launching.

The company behind the machines, Asia Gold ATM, says it plans to roll out two or three more machines in the near future as it eyeing for more other Asian countries to base the ATMs.

Asia Gold ATM also claims that the two in Singapore are the first in Asia.

Figaro to open stores in Middle East

MANILA, Philippines – The Middle East will see soon Figaro stores as the homegrown coffee shop signed of a master franchise agreement with the Fahad Bin Abdulla (FBA) Group of Qatar.

The deal was signed in Qatar in the presence of officials from Figaro and the FBA group on September 10
The deal allows the Figaro Coffee Company to expand its presence in the Middle East, and establish up to 40 stores in countries like Saudi Arabia, Kuwait, Bahrain, and Oman over the next 10 years.
FBA and Figaro aimed to open the first store in Qatar in the first quarter of 2015.

“This will further help us in our expansion plans in various countries so that we may continue to serve world-class Filipino coffee not only to fellow Filipinos abroad but also to other coffee lovers who haven’t tried brewed and authentic Filipino coffee,” said by Figaro media relations head Annesy del Mundo.

The FBA Group is a Doha based company that involved in real estate, construction, travel and tours, furniture, industrial products and trading businesses. The FBA group also diversified into the food and beverage business. It said Figaro was the first food and beverage venture it teamed up.
Figaro, the country’s largest homegrown coffee company, will celebrate its 21st anniversary in November.

PH banks to used EMV chip in ATM cards

Manila, Philippines – Banks in the Philippines will replace soon the current automated teller machine (ATM) cards with a new technology.

Lamberto Villena, president and chief executive of Sterling Bank of Asia said EMV (Europay, Mastercard, Visa) chip cards would soon replace magnetic stripe cards issued by local banks to combat the increasing fraud incidents.

EMV chip is the new international standard for smart credit cards that have a built-in CPU chip for credit and debit transactions. It smart card is considered more secure than magnetic stripe cards because it can support sophisticated security methods and make decisions on its own.

The first domestic bank to release the locally-issued Visa card with EMV chip Sterling Bank of Asia is actively involved in the BancNet task force on the migration to EMV chip cards.

The Bangko Sentral ng Pilipinas requires that magnetic stripe cards be replaced by EMV by the end of 2016. Local banks were now working double time to meet the deadline said by Villena.

The Bangko Sentral said banks could implement EMV chip cards ahead of the mandatory schedule of Jan. 1, 2017 for their customers.

“The effectivity [mandatory date] is Jan. 1, 2017 for all. But now, it remains optional. But nothing stops a bank from already implementing [the use of] it,” said by Nestor Espenilla Jr. the Bangko Sentral Deputy Governor.

“The security in the chip cards would be critical. “added by Espinilla, even though there are reports that some banks would charge a fee for a switch to EMV chip cards.

DOE eases the process for reapplications

MANILA, Philippines–The Department of Energy (DOE) toughen the leash of investors on renewable energy (RE) to advance the development faster and to add as much capacity as possible to the electricity supply during the critical period of March to June 2015.

Around 100 RE service contracts have been repealed for failure to meet project timelines said by DOE Secretary Carlos Jericho Petilla at the DOE budget hearing at the Senate and some of these cases are now under appeal.

Petilla said his department has eased the process for RE applicants, making it possible for developers to have service contracts with the DOE in 45 days from two years previously. In spite of that, as a trade-off the DOE sets six-month intervals for investors to achieve pre-agreed project milestones, failing which the DOE cancels their service contracts.

The stricter implementation of milestones is meant to fast-track the development of RE projects said by Mario C. Marasigan, director of the DOE’s Renewable Energy Management Bureau. It is also meant to ensure that developers seeking more allocations on guaranteed rates under the feed-in-tariff (FIT) system are not simply keeping contracts for the sake of selling them to other investors.
This policy may come in handy as certain technologies such as wind gain more traction, to the point that developers are seeking more FIT allocations.

Marasigan said the Wind Energy Developers Association of the Philippines (Wedap) is asking for 500 megawatts (MW) of wind power development under FIT, the allocation for wind power is 200 MW. That is on the same level as the expanded solar power allocation, which was raised from 50 MW.

The association must show that it can help ease the power supply for the summer of 2015 and 2016 before further allocations are granted and Developers must also show that a lot more projects are being completed, Marasigan added.

PNoy to discuss trade with European leaders

President Benigno S. Aquino III is set to meet with leaders of four European countries next week to discuss bilateral trade relations and the ongoing dispute of the Philippines with China over the West Philippine Sea.

On his eight-day trip to Europe, the President will meet with several leaders, including Spain’s King Felipe VI and Prime Minister Mariano Rajoy, Belgium’s King Philippe, German Chancellor Angela Merkel, and French President François Hollande, Department of Foreign Affairs (DFA) Assistant Secretary Zeneida Angara-Collinson said during a press briefing on Monday.

President Aquino will also hold talks with European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy when he visits Brussels.

Collinson said the President will seek continued support from the European leaders regarding the country’s position on the West Philippine Sea.

The European government has been a “strong supporter” of the Philippines’ protest against China in settling territorial disputes over the disputed Spratly Islands.

She also said that the “ European position on the West Philippine Sea is that they have supported us in terms of peaceful resolution of conflict; resolution of conflict within the framework of international law, which includes UNCLOS (United Nations Convention on the Law of the Sea)”.

“They have also supported us in terms of freedom of navigation, maritime security. Basically, this visit will also introduce to these countries the ‘triple action plan’, which is the short-, medium- and long-term roadmap of the Philippines to seek resolution of the West Philippine Sea/South China Sea issue,” It is important for president Aquino to update world leaders about the happening of Wet Philippine Sea. She Added”

President Aquino is also expected to lure more foreign investors during his visit to the four countries.

“This visit is very important because we have a good story to tell. It is a story that if told directly to the heads of these countries, will act as a spur for them to look at the Philippines, keep the Philippines in mind, and appreciate the potential of further engagements in trade, investments, and tourism with this country,” said Collinson.

President Aquino will also inform the European leaders of the latest developments on the Comprehensive Agreement on the Bangsamoro, which the Chief Executive is set to hand over to Congress on Wednesday. He will leave for Europe on Saturday as his first official visit since his presidency in 2010. He will visit Spain, Belgium, France and Germany.

Palace asks for understanding and cooperation

The Malacanang Palace on Sunday asked for the public’s understanding and cooperation while the problem of port congestion in the City of Manila is being resolved.

In a press briefing over radio station dzRB Radyo ng Bayan, Presidential Communication Operations Office Secretary Herminio Coloma, Jr., said “we are appealing for an additional understanding and cooperation of all sector of the government and the public so that we can create a solution for the problem of the port of Manila.

“This week and tomorrow, September 7 and 8 and the following week September 14 and 15, all truck and trucking that will pick up Cargos from the port of Manila will be given a 24- hour last mile truck route privilege with in the next two week or until September 22’, he added.

Coloma, however, cleared that the single-lane truck route being implemented only applies during truck ban hours and is limited to Roxas Boulevard only.

“For further clarification, that one-truck lane is only implemented in one hour truck ban because respecting the truck ban in every local municipality. The agreement for the implementation of single lane for the time of truck ban is due to the peak hour traffic of the different sectors that using the public roads, Coloma explained.

He added that the President has directed Metro Manila Development Authority (MMDA) Chairman Francis Tolentino to create Task Force Pantalan to ease and regulate the flow of traffic going in and out the Port Area in the City of Manila.

This Task Force is headed by Police Chief Superintendent Allen Bantolo of the Philippine National Police-National Capital Region Police Office (PNP-NCRPO).

Also part of Task Force Pantalan is the Philippine Ports Authority, Land Transportation Franchising and Regulatory Board, local government units and the port users.

All overstaying cargo containers will be transferred from the Port of Manila to Subic Port.Clark Pampanga on September 8.

Coloma reiterated the warning that if overstaying cargo containers will not be claimed, the government will be charging P5,000 storage fee for each day beginning October 1.

This is implementation should be strictly and highly observed especially the fine, so that the concern citizens will be forced and obliged to abide the rules that has been implemented by the respected agencies of the government positive response should be properly endorse for the attainment of the solution.

The identification of the problem regarding truck ban resolves the rediscovery of public interest welfare and safety.