How the world sees Greece
A working-holiday visa program which was intended to see hundreds of young GREEKS travel and work in Australia has yet to take off, local media are reporting. A memorandum of understanding between Canberra and Athens was to allow 500 GREEK citizens between 18 and 31 years of age to stay and ...
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By: Lisa Radinovsky, Contributor Since January 1, a new law in Greece has mandated that the olive oil on restaurant tables be served in sealed, non-refillable or disposable, properly labeled bottles instead of the refillable glass containers commonly used in the past. Greek olive oil industry experts hail this change as beneficial for both consumers and […] The post Greek Olive Oil on Greek Restaurant Tables: New Regulation appeared first on Hellenic News of America.
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[Snap stock price]Markets Insider Shares of Snapchat parent Snap fell more than 5% Thursday, bottoming out at $13.72, after a Bloomberg report said Twitter was working on a "Snapchat-style" video product to speed up multimedia sharing on its app. Details on the tools were scant, and anonymous sources familiar with the product’s development told reporter Selina Wang that its actual functionality could change drastically over the next few months before it is actually released. Snap is used to competitors copying its main product’s innovative features. Facebook has famously mimicked the "stories" feature, which first appeared on Snapchat, in both its Messenger and Instagram apps. Twitter, shares of which were largely unchanged in trading Thursday, is desperate to increase its user engagement, as well as its stagnant stock price. Jack Dorsey returned to helm the company as CEO in 2015, and its most recent earnings report revealed a 15% uptick in daily active users, an important metric for social media companies. Shares of Snap have declined 43.85% since its IPO in March 2017. NOW WATCH: How the ancient Greeks proved Earth was round over 2,000 years ago
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[Intel CEO Brian Krzanich]Robert Galbraith/Reuters * INTEL'S FOURTH QUARTER REVENUES WERE UP 4% FROM 2016, AND EARNINGS PER SHARE WERE UP 37%, BEATING ANALYST EXPECTATIONS IN ITS FOURTH QUARTER 2017 EARNINGS REPORT THURSDAY. * IT'S THE FIRST EARNINGS REPORT FROM THE COMPANY SINCE THE MAJOR SECURITIES FLAWS MELTDOWN AND SPECTRE WERE REVEALED ON JANUARY 3. ------------------------- Intel blew past Wall Street targets for the fourth quarter and forecast stronger than expected revenue for the 2018 year, sending its stock up more than 4% and allaying fears that recent chip vulnerabilities could take a toll on its business. Thursday's report is the first the microchip company has released since the January 3 disclosure of Meltdown and Spectre — major security vulnerabilities found to impact virtually all modern chips inside PCs, laptops and smartphones. Intel CEO Brian Krzanich vowed to "restore confidence in data security with customer-first urgency, transparency and timely communication," in comments included in the quarterly report, but the company provided no specific details or updates about the chip vulnerabilities. Perhaps to help shareholders look beyond the chip flaw issue, Intel boosted its annual dividend by 10%, to $1.20 a share. MOVING AWAY FROM THE PC "In 2018, our highest priorities will be executing to our data-centric strategy and meeting the commitments we make to our shareholders and our customers," Krzanich said in a statement. Intel continued its push to reposition its business into growth areas, such as datacenter infrastructure, autonomous driving hardware and artificial intelligence during the last three months of 2017. Sales of chips for laptop PCs and datacenter servers both grew in the fourth quarter, while sales of desktop PC chips slid 5% year-over-year. Here's what the company reported: Q4 REVENUE: Intel reported $17.1 billion in revenue, up 4% year-over year. This is compared to analyst estimates of $16.34 billion in revenue. Q4 EARNINGS PER SHARE (ADJUSTED): Intel reported $1.08 in earnings per share, up 37% year-over-year. This is compared to analyst estimates of $0.87 in earnings per share. ESTIMATED REVENUE FOR 2018: Intel expects $65 billion in revenue for 2018, above the $63.7 billion expected by analysts. ESTIMATED EARNINGS PER SHARE (ADJUSTED) FOR 2018: Intel expects $3.55 in earnings per share for 2018, above the $3.27 expected by analysts. However, Intel said that tax reform accounts for the $0.28 boost. PRAISE FOR THE TAX CUT Like many other tech companies, however, Intel swung to a Q4 loss on a GAAP basis, as it recorded a $5.4 billion tax expense due to the recent changes in tax laws. GAAP losses per share were $0.15. Intel's finance chief Bob Swan said the tax changes would help the company invest more in the US. "The tax reform is further incentive to continue these investments and reinforces our decision to invest in the buildout of our Arizona factory. It also informed the dividend increase we're announcing today," Swan said in a statement. Even as it pledged to invest in the US, the company bragged to shareholders about its ability to keep costs in line. Intel's R&D spending as a percentage of revenue was down 1 percentage point versus the same period last year, while selling, general and administrative expenses accounted for 2% less as a percent of revenue. NOW WATCH: How the ancient Greeks proved Earth was round over 2,000 years ago
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[Intel CEO Brian Krzanich]Robert Galbraith/Reuters * INTEL'S FOURTH QUARTER REVENUES WERE UP 4% FROM 2016, AND EARNINGS PER SHARE WERE UP 37%, BEATING ANALYST EXPECTATIONS IN ITS FOURTH QUARTER 2017 EARNINGS REPORT THURSDAY. * IT'S THE FIRST EARNINGS REPORT FROM THE COMPANY SINCE THE MAJOR SECURITIES FLAWS MELTDOWN AND SPECTRE WERE REVEALED ON JANUARY 3. ------------------------- Intel blew past Wall Street targets for the fourth quarter and forecast stronger than expected revenue for the 2018 year, sending its stock up more than 4% and allaying fears that recent chip vulnerabilities could take a toll on its business. Thursday's report is the first the microchip company has released since the January 3 disclosure of Meltdown and Spectre — major security vulnerabilities found to impact virtually all modern chips inside PCs, laptops and smartphones. Intel CEO Brian Krzanich vowed to "restore confidence in data security with customer-first urgency, transparency and timely communication," in comments included in the quarterly report, but the company provided no specific details or updates about the chip vulnerabilities. Perhaps to help shareholders look beyond the chip flaw issue, Intel boosted its annual dividend by 10%, to $1.20 a share. MOVING AWAY FROM THE PC "In 2018, our highest priorities will be executing to our data-centric strategy and meeting the commitments we make to our shareholders and our customers," Krzanich said in a statement. Intel continued its push to reposition its business into growth areas, such as datacenter infrastructure, autonomous driving hardware and artificial intelligence during the last three months of 2017. Sales of chips for laptop PCs and datacenter servers both grew in the fourth quarter, while sales of desktop PC chips slid 5% year-over-year. Here's what the company reported: Q4 REVENUE: Intel reported $17.1 billion in revenue, up 4% year-over year. This is compared to analyst estimates of $16.34 billion in revenue. Q4 EARNINGS PER SHARE (ADJUSTED): Intel reported $1.08 in earnings per share, up 37% year-over-year. This is compared to analyst estimates of $0.87 in earnings per share. ESTIMATED REVENUE FOR 2018: Intel expects $65 billion in revenue for 2018, above the $63.7 billion expected by analysts. ESTIMATED EARNINGS PER SHARE (ADJUSTED) FOR 2018: Intel expects $3.55 in earnings per share for 2018, above the $3.27 expected by analysts. However, Intel said that tax reform accounts for the $0.28 boost. PRAISE FOR THE TAX CUT Like many other tech companies, however, Intel swung to a Q4 loss on a GAAP basis, as it recorded a $5.4 billion tax expense due to the recent changes in tax laws. GAAP losses per share were $0.15. Intel's finance chief Bob Swan said the tax changes would help the company invest more in the US. "The tax reform is further incentive to continue these investments and reinforces our decision to invest in the buildout of our Arizona factory. It also informed the dividend increase we're announcing today," Swan said in a statement. Even as it pledged to invest in the US, the company bragged to shareholders about its ability to keep costs in line. Intel's R&D spending as a percentage of revenue was down 1 percentage point versus the same period last year, while selling, general and administrative expenses accounted for 2% less as a percent of revenue. NOW WATCH: How the ancient Greeks proved Earth was round over 2,000 years ago
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[rodeo drive]REUTERS/Fred Prouser * A NEW MAP FROM THE CALIFORNIA GEOLOGICAL SURVEY SHOWS A FAULT THAT RUNS DIRECTLY BELOW RODEO DRIVE, ONE OF THE PRICIEST SHOPPING AREAS IN CALIFORNIA. * THE FAULT COULD PRODUCE AN EARTHQUAKE UP TO 7 ON THE RICHTER SCALE, WHICH COULD SEVERELY DAMAGE THE PRICEY REAL ESTATE IN THE AREA. ------------------------- One of California's fanciest shopping districts could be at risk for a huge earthquake. According to new data from the California Geological Survey, the Santa Monica fault runs directly below Rodeo Drive, the luxury shopping epicenter of Beverly Hills. The area hosts a number of luxury outlets, including Louis Vuitton, Battaglia, and Gucci. The fault runs parallel to the Santa Monica boulevards through Beverly Hills' central business district. According to experts, the fault could produce a quake up to 7 on the Richter scale, which would prove disastrous for many of the buildings in the area. The last earthquake to occur on the fault was between 1,000 to 3,000 years ago, according to The Los Angeles Times. The area has some of the most expensive real estate in the US. Developers are supposed to take active fault lines into account when building up a property, but the faultline hadn't previously been mapped under the area. "The current map has significant revisions from the earlier draft map that the city had commented on and so we are currently in the process of evaluating the changes," Therese Kosterman, a spokeswoman for Beverly Hills told The LA Times. Read the rest of the story from The LA Times. NOW WATCH: How the ancient Greeks proved Earth was round over 2,000 years ago
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[rodeo drive]REUTERS/Fred Prouser * A NEW MAP FROM THE CALIFORNIA GEOLOGICAL SURVEY SHOWS A FAULT THAT RUNS DIRECTLY BELOW RODEO DRIVE, ONE OF THE PRICIEST SHOPPING AREAS IN CALIFORNIA. * THE FAULT COULD PRODUCE AN EARTHQUAKE UP TO 7 ON THE RICHTER SCALE, WHICH COULD SEVERELY DAMAGE THE PRICEY REAL ESTATE IN THE AREA. ------------------------- One of California's fanciest shopping districts could be at risk for a huge earthquake. According to new data from the California Geological Survey, the Santa Monica fault runs directly below Rodeo Drive, the luxury shopping epicenter of Beverly Hills. The area hosts a number of luxury outlets, including Louis Vuitton, Battaglia, and Gucci. The fault runs parallel to the Santa Monica boulevards through Beverly Hills' central business district. According to experts, the fault could produce a quake up to 7 on the Richter scale, which would prove disastrous for many of the buildings in the area. The last earthquake to occur on the fault was between 1,000 to 3,000 years ago, according to The Los Angeles Times. The area has some of the most expensive real estate in the US. Developers are supposed to take active fault lines into account when building up a property, but the faultline hadn't previously been mapped under the area. "The current map has significant revisions from the earlier draft map that the city had commented on and so we are currently in the process of evaluating the changes," Therese Kosterman, a spokeswoman for Beverly Hills told The LA Times. Read the rest of the story from The LA Times. NOW WATCH: How the ancient Greeks proved Earth was round over 2,000 years ago
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