News / FedEx to axe 5,500 to 6,300 jobs in Europe as TNT integration closes

first_img© Lucian Milasan By Alex Lennane 20/01/2021 FedEx plans to cut 5,500 to 6,300 jobs in Europe as it finally integrates TNT, “the people network”, nearly six years after the €4.4bn ($5.3bn) purchase.Yesterday the express company said: “Plans to address the duplication resulting from operating two large European networks connecting similar geographies were presented to European employee representatives and team members today.“These proposals will regrettably have a workforce impact of between 5,500-6,300 people across operational teams and back-office functions.”The measures taken will differ by country, said FedEx, and could include voluntary redundancy, reassignment or priority access to open roles.center_img “The consultation process will take place over an 18-month period, in line with local country processes and regulations.”Karen Reddington, president of FedEx Express Europe, said: “We acquired the TNT business in 2016 for one reason, to open up the world for our customers by connecting the global FedEx air network with TNT’s extensive European road network to become a top tier player in Europe. This process, whilst difficult, will allow us together with the completion of the network integration to operate as one company offering greater coverage, speed of delivery, extended operational capabilities and enhanced service levels.”Raj Subramaniam, president, told an earnings call in December that the TNT physical integration “remained on fire, even in shutdowns during the pandemic”.FedEx has seemingly struggled with the integration, which quickly met its first hurdle with the notPetya cyber attack. Executives admitted difficulties and higher-than-expected costs but, in its Q2 19 results, it said the “rationale” of the TNT acquisition was still “largely achievable”, but that costs were high: “$1.7bn in expenses is expected this year, after which synergies are to increase significantly”.At the time, FedEx chief executive Fred Smith said it was important for TNT staff to be “fairly treated”.Meanwhile, a court case by Fedex shareholders who claimed management knew but failed to tell investors that it would miss its TNT targets, was dismissed in June last year.last_img read more

Marijuana-based drug gets positive review from FDA

first_img Trending Now: Conry and other researchers say it’s not yet clear why CBD reduces seizures in some patients.GW Pharmaceuticals makes its drug from cannabis plants that are specially bred to contain high levels of CBD. It’s seeking approval for two rare forms of childhood epilepsy — Dravet and Lennox-Gastaut syndromes.Common side effects included diarrhea, vomiting, fatigue, and sleep problems. FDA reviewers flagged a more serious issue with potential liver injury, but said doctors could manage the risk by monitoring patients’ enzyme levels.— Matthew Perrone Associated Press WASHINGTON — A closely watched medicine made from the marijuana plant reduces seizures in children with severe forms of epilepsy and warrants approval in the United States, health officials said Tuesday.British drug maker GW Pharmaceuticals is seeking permission to sell its purified form of an ingredient found in cannabis — one that doesn’t get users high — as a medication for rare, hard-to-treat seizures in children. If successful, the company’s liquid formula would be the first government-approved drug derived from the cannabis plant in the U.S.The Food and Drug Administration’s approval would technically limit the treatment to a small group of epilepsy patients. But doctors would have the option to prescribe it for other uses and it could spur new pharmaceutical research and interest into other cannabis-based products. Man-made versions of a different marijuana ingredient have previously been approved for other purposes.advertisement About the Author Reprints By Associated Press April 17, 2018 Reprints HealthMarijuana-based drug gets positive review from FDA DEA decision keeps major restrictions in place on marijuana research Comparing the Covid-19 vaccines developed by Pfizer, Moderna, and Johnson & Johnson Related:center_img Related: Epidiolex is essentially a pharmaceutical-grade version of cannabidiol, or CBD oil, which some parents have used for years to treat children with epilepsy. CBD is one of more than 100 chemicals found in the cannabis plant and it doesn’t contain THC, the ingredient that gives marijuana its mind-altering effect.CBD oil is currently sold online and in specialty shops across the U.S., though its legal status remains murky. Most producers say their oil is made from hemp, a plant in the cannabis family that contains little THC and can be legally farmed in a number of states for clothing, food and other uses.A doctor who treats children with epilepsy says it’s important to have an FDA-approved version of CBD.“I think it needs to be approved because everyone is using it across the internet without knowing the safety … and no one is watching the interactions with other drugs,” said Dr. Joan Conry, of Children’s National Health System in Washington, who was not involved in the studies. FDA The FDA posted its review of the experimental medication Epidiolex ahead of a public meeting Thursday when a panel of outside experts will vote on the medicine’s safety and effectiveness. It’s a non-binding recommendation that the FDA will consider in its final decision by late June. In a first, scientists show a marijuana component reduces seizures for some with epilepsy Patients taking the treatment had fewer seizures, according to the FDA’s internal review posted online. Scientists concluded that GW Pharmaceuticals’ submission “appears to support approval” despite some potential side effects including risks of liver injury.advertisement More than two dozen states allow marijuana use for a variety of ailments, but the FDA has not approved it for any medical use. In 2016, the agency recommended against easing federal restrictions on marijuana. The U.S. continues to classify marijuana as a high-risk substance with no medical use, alongside other illicit drugs like heroin and LSD.For years, desperate patients and parents have pushed for wider access to medical marijuana products for a host of conditions including pain, post-traumatic stress disorder and epilepsy, with only anecdotal stories and limited studies on their side.But studies conducted by GW Pharmaceuticals have begun to change that picture.Across three studies involving more than 500 patients, Epidiolex generally cut the number of monthly seizures by about 40 percent, compared with reductions between 15 and 20 percent for patients taking a dummy medicine.Most patients in the study were already taking at least three other medications to try and control their seizures. Tags pharmaceuticalspolicylast_img read more

Portlaoise AFC go goal crazy – and all of tonight’s Laois GAA results

first_img Community Twitter Pinterest WhatsApp By Steven Miller – 27th April 2018 Pinterest Facebook WhatsApp TAGSPortlaoise AFC Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining Rugby Portlaoise AFC go goal crazy – and all of tonight’s Laois GAA results Ten Laois based players named on Leinster rugby U-18 girls squad Previous articleIn Pictures: Huge turnout for Portlaoise CBS for fundraising eventNext articleLaois group take third place at traditional music All-Ireland Final Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Twitter Five Laois monuments to receive almost €200,000 in government funding Home Sport GAA Portlaoise AFC go goal crazy – and all of tonight’s Laois GAA… SportGAAGaelic FootballHurling RELATED ARTICLESMORE FROM AUTHOR Council Brought to you in association with Downey’s AutostopThe Portlaoise AFC soccer team played their second game in three days in the Leinster Senior League – and after being beat midweek by St John Bosco, they bounced back to winning ways with a whopping 9-1 win against bottom side St James’s Gate.The result keeps Portlaoise in the hunt for promotion – but the title is becoming further out of reach with each game.Portlaoise wasted little time in getting off the mark, Aaron Rafter putting them into the lead after just seven minutes. Colm Poole doubled their advantage on 27 minutes and Oisin Fitzpatrick and Jason Murphy hit the net to put them 4-0 up at the break.Shane Collins made it five on the 49-minute mark and Jason Murphy added another two minutes later. John O’Connor pulled one back for the home side but two from Jason Woods and a second from Shane Collins rounded off a massive 9-1 win.Elsewhere, there was a number of Laois GAA underage games down for decision this evening also.Midlands Park Hotel U-17 Football League Division 2Spink 3-12 Clonaslee St Manmans 3-8Midlands Park Hotel U-15 Football League Division 1Ballyroan Abbey 5-21 St Pauls 0-2Midlands Park Hotel U-13 Hurling League Division 1Rathdowney Errill 3-3 Clough-Ballacolla 5-13Castletown Slieve Bloom 1-6 Borris-Kilcotton 7-10Camross v PortlaoiseAbbeyleix 2-7 The Harps 5-7Midlands Park Hotel U-13 Hurling League Division 2Na Fianna 2-12 Rosenallis 7-3Ballinakill 7-6 Park Ratheniska-Timahoe 0-1Raheen Parish Gaels 3-7 Clonaslee 0-0Mountrath 5-5 St Pauls Portarlington 2-3SEE ALSO  – 9 things that referees do that annoy the hell out of all GAA players Facebooklast_img read more

ESMA sees complex products and volatility as key risks

first_img ECB leaves interest rates and pandemic stimulus unchanged The European Securities and Markets Authority’s (ESMA) overall risk assessment remains at high levels, according to ESMA’s Risk Dashboard published on Wednesday.In the first quarter, European equity markets suffered significant price corrections, and saw a rise in volatility. Share this article and your comments with peers on social media Europe’s economy shrank 0.6% in Q1 Related news Market risks remain “very high,” with over-valuation in equities, and heightened market uncertainty, “as the period of ultra-low interest rates draws to a close,” the report states.ESMA’s outlook for liquidity, contagion and credit risk also remains high. Operational risk continues to be elevated “with a deteriorating outlook, as Brexit-related risks to business operations and vulnerabilities to cyber-attacks rise,” the report states.Risks faced by consumers due to complex products — including initial coin offerings (ICOs), virtual currencies, binary options, and contracts for difference (CFDs) — have become a “key concern” for ESMA.center_img James Langton Keywords EuropeCompanies European Securities and Markets Authority ECB speeds up help for virus hit economy Facebook LinkedIn Twitterlast_img read more

Growing wealth among HNW not translating into satisfaction

first_img Facebook LinkedIn Twitter IE Staff The HNW population continued to grow across global regions, with Asia-Pacific and North America accounting for 74.9% of the total global increase in the HNW population (1.2 million new HNWIs) and 68.8% of the rise in global HNW wealth (US$4.6 trillion in new HNW wealth). Europe also realized a strong performance in 2017 with 7.3% of HNWI wealth growth. The largest markets — the U.S., Japan, Germany and China — represented 61.2% of the global HNW population in 2017 and accounted for 62% of all new HNWs globally.In Canada, specifically, the HNW population rose by 5.5% to 376,680 in 2017 from 357,043 in 2016 while their wealth increased by 7.2% to US$1.2 trillion from US$1.1 trillion year-over-year.Global HNW’s investment returns on the assets managed by wealth managers were up by 27.4% in 2017, according to the Capgemini report. Equities remained the largest asset class in the first quarter of 2018, at 30.9% of HNW’s financial wealth, followed by cash and cash equivalents at 27.2%, and real estate at 16.8%.The HNW under the age of 40 claimed to have achieved much higher investment performance than their older counterparts (37.9% vs 16.9%), possibly because of the need to focus on wealth creation at this early stage of their lives compared with the higher focus toward wealth preservation of those HNW aged 60 and above, the report states.Yet, these strong investment returns did not yield an overall satisfaction level, globally, among HNW in their in wealth managers and firms. In contrast, they still have a significantly high level of trust and confidence levels in their wealth managers and firms, suggesting that returns alone cannot sustain a wealth management business.North American HNW appeared the most satisfied with their wealth manager (75.2%), while no other region passed the 70% threshold. In 2018, only 55.5% of HNW said they connected very well at a personal level with their wealth managers, despite substantial investment returns delivered over the past two years.“There is clear opportunity for wealth-management firms to strengthen their relationships with their high net- worth clients as [more than] half [of those surveyed] said they don’t connect well with their wealth managers,” said Anirban Bose, member of the group executive board and head of Capgemini’s financial services global strategic business unit, in a statement. “Providing an innovative digital client experience is one way to strengthen the bond between wealth managers and their clients.”One way to do that may be to provide innovative products and services. In fact, although cryptocurrencies are not yet a major part of the HNW’s portfolios, there is growing interest in cryptocurrencies among these investors as an investment tool and store of value. Specifically, the HNW are cautiously interested in holding cryptocurrencies, with 29% globally having a high degree of interest and 26.9% saying they are somewhat interested.Cryptocurrency’s potential for investment returns and as a store of value are driving HNWIs’ interest, with 71.1% of the HNW aged 40 and younger placing a high importance level on receiving cryptocurrency information from their primary wealth-management firms vs only 13% of the HNW aged 60 years and older.However, global wealth-management firms have been ambivalent in providing cryptocurrency information to the HNW, with only 34.6% of HNW globally saying they have received cryptocurrency information from their wealth managers.Nevertheless, approximately three-quarters of all wealth-management firms interviewed are investing in innovative technologies, such as intelligent automation and artificial intelligence (AI) over the next 24 months, as they prepare for technology to play a larger role in the industry.The most likely approach for wealth-management firms to adopt technology will be based on building partnerships through the white labelling of incumbent firms’ products and services or employing models that support wealth-management firms with back- and middle-office processes.In fact, the Capgemini report highlights that wealth-management firms must transform the way they invest for the future as well as move away from traditional budgeting models to a more dynamic portfolio-based approach.The 22nd annual edition of Capgemini’s World Wealth Report includes findings from in-depth primary research on the global HNW perspectives and behaviours. The research is based on responses from more than 2,600 HNW individuals across 19 major wealth markets in North America, Latin America, Europe and Asia-Pacific. Although the improving global economy spurred wealth among high net-worth (HNW) individuals with at least US$1 million in investible assets to the highest level ever, this has not resulted in an increase to the overall satisfaction level with their wealth managers and firms, according to Capgemini Financial Services’ World Wealth Report 2018 (WWR), published on Tuesday.In 2017, wealth among global the HNW surpassed the US$70-trillion threshold for the first time, up by 10.6% from US$63.5 trillion in 2016, while the global population of HNW grew by 9.5% to 18.1 million from 16.5 million. This also represented the sixth consecutive year of gains and the second-fastest year of HNW growth since 2011 as their wealth and population were up substantially from rates of growth of 8.2% and 7.5%, respectively, in 2016. One in five Canadian investors plans to switch wealth providers: EY study TD getting new head of private wealth, financial planning Keywords Wealth management,  High net-worth clients Related news Canaccord reports record revenues, drops proposal to acquire RF Capital globe of money gold 1971yes/123RF Share this article and your comments with peers on social medialast_img read more

‘Regtech’ trade group bolsters board

first_img“Wendy is well-recognized for her innovative and thoughtful approach and has driven significant change in modernizing regulatory policy and oversight in Canada. This is the type of thinking and positive energy we want on the board to help us elevate the level of conversation and collaboration within the Canadian regtech ecosystem,” CRTA co-chair Donna Bales said in a statement.Prior to her time at IIROC, Rudd was CEO at alternative trading system TriAct Canada Marketplace, and has also had stints at ITG Canada, CIBC World Markets and the Toronto Stock Exchange (TSX), among others. Related news Keywords Regtech Smartphone with finance and market icons and symbols concept ra2studio/123RF The Canadian Regulatory Technology Association (CRTA) has announced that Wendy Rudd, who was most recently an executive at the Investment Industry Regulatory Organization of Canada (IIROC), has joined its board.The non-profit trade group — part of the fledgling “regtech” industry — is seeking to foster growth and develop standards in the emerging regtech sector. James Langton Facebook LinkedIn Twitter Regtech trade group adds advisory expertise Share this article and your comments with peers on social medialast_img read more

Insurance Brokers and Intermediaries to be Designated Financial Institutions

first_imgRelatedInsurance Brokers and Intermediaries to be Designated Financial Institutions FacebookTwitterWhatsAppEmail The Senate on Friday (Feb. 9) approved a resolution to designate insurance brokers and intermediaries as financial institutions for the purpose of the Money Laundering Act.Noel Monteith, Minister of State for Education and Youth, who moved the Money Laundering (Financial Institutions) (Insurance Brokers and Insurance Intermediaries) Resolution 2006, said that the measure was part of the country’s efforts to meet its international obligations in terms of reducing money laundering.He informed that the Caribbean Financial Action Task Force (CFATF) in April 2005, examined Jamaica’s framework for money laundering and combating the financing of terrorism, to determine whether the regime was consistent with the 40 plus recommendations laid down by the Financial Action Task Force.He said that while the task force acknowledged the efforts that were made towards the fulfilment of Jamaica’s international obligations, “full compliance could not be recorded in all areas, as there were additional measures that needed to be implemented”.“One such area that was identified but could be corrected quickly, was the requirement that anti-money laundering obligations should be placed on all financial institutions,” informed Senator Monteith.According to the Education State Minister, insurance brokers and intermediaries were very important participants in the insurance sector but they remain outside the statutory anti-money laundering regime that was applicable to insurance companies.“As providers of financial services related to insurance, the omission places the insurance sector, which is regulated by the Financial Services Commission, in an unnecessary risky position of being used by brokers and intermediaries to facilitate the laundering of the proceeds of crime,” he said, noting that the legislation would serve to address this concern. Advertisements RelatedInsurance Brokers and Intermediaries to be Designated Financial Institutionscenter_img Insurance Brokers and Intermediaries to be Designated Financial Institutions UncategorizedFebruary 12, 2007 RelatedInsurance Brokers and Intermediaries to be Designated Financial Institutionslast_img read more

University of Sheffield manufacturing research centres to help decarbonise Humber

first_imgUniversity of Sheffield manufacturing research centres to help decarbonise Humber The University of Sheffield AMRC and Nuclear AMRC are supporting a major new project to decarbonise the industrial cluster around the Humber, and help UK manufacturers win work in emerging low-carbon sectors including hydrogen fuels and carbon capture.The Zero Carbon Humber (ZCH) Partnership, which has now secured government funding, aims to accelerate decarbonisation in the UK’s most carbon-intensive industrial region, helping to support clean growth, future-proof vital industries, and protect and create new jobs.The partnership comprises 12 companies and organisations operating in the Yorkshire and Humber region, including Associated British Ports, British Steel, Centrica Storage, Drax Group, Equinor, Mitsubishi Power, National Grid Ventures, px Group, SSE Thermal, Saltend Cogeneration Company, Uniper, and the University of Sheffield Advanced Manufacturing Research Centre (AMRC).“The successful award of this £75 million project represents a huge vote of confidence in the Humber region and the wider North of England,” says Ben Morgan, Research Director of University of Sheffield AMRC. “We are pleased that the ambition of this project to support the net zero agenda and our collective capability to build back greener has been recognised. The AMRC is looking forward to engaging local supply chains and enabling growth of high value jobs through the programme.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:advanced manufacturing, British, carbon capture, director, Government, hydrogen, manufacturing, Mitsubishi, Morgan, project, research, Sheffield, supply chain, UK, university, University of Sheffieldlast_img read more

Canada announces over $5M in clean tech funding for British Columbia Fisheries and Aquaculture Projects

first_imgCanada announces over $5M in clean tech funding for British Columbia Fisheries and Aquaculture Projects From: Fisheries and Oceans CanadaToday, the Member of Parliament for Burnaby North-Seymour and Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard, Terry Beech, on behalf of the Minister, the Honourable Bernadette Jordan, announced funding of over $5.4 million from the Fisheries and Aquaculture Clean Technology Adoption Program to support 36 projects that are contributing to clean economic growth in British Columbia. The Province of British Columbia also announced a contribution of more than $785,000 in funding towards these projects.Vancouver, British Columbia – Improving the environmental sustainability of our seafood sectors while ensuring they remain competitive in the marketplace is a shared goal of British Columbians. The Government of Canada is committed to supporting that goal through targeted investments in new technology. These are solutions that will help the sector become cleaner, greener and more sustainable.Today, the Member of Parliament for Burnaby North-Seymour and Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard, Terry Beech, on behalf of the Minister, the Honourable Bernadette Jordan, announced funding of over $5.4 million from the Fisheries and Aquaculture Clean Technology Adoption Program to support 36 projects that are contributing to clean economic growth in British Columbia. The Province of British Columbia also announced a contribution of more than $785,000 in funding towards these projects.The Fisheries and Aquaculture Clean Technology Adoption program is a $20-million program (2017-21) that provides funding to help businesses incorporate clean technologies into their day-to-day operations. It is intended to accelerate the use of more sustainable and efficient tools, practices and techniques.By supporting our commercial fisheries and aquaculture sectors’ investment in clean technologies, the Government of Canada is ensuring the continued growth of a healthy and sustainable blue economy. These sectors contribute approximately $4.5 billion annually in gross domestic product and provide thousands of jobs across our country – many in Indigenous, rural and coastal communities. During the pandemic, these investments have helped strengthen Canadians’ access to fish and shellfish food resources by supporting the small and medium sized-businesses that are the bedrock of the fish and seafood industry.The 36 projects for which funding is announced today are helping fisheries and aquaculture businesses adopt greener practices that will upgrade waste/wastewater treatment facilities, increase energy efficiency, create more reliance on green energy such as solar, upgrade sonar, decrease reliance on Styrofoam and reduce fuel consumption and carbon dioxide emissions.Quotes“As we work to strengthen Canada’s blue economy, sustainability must underpin all our investments and actions. Through the Fisheries and Aquaculture Clean Technology Adoption Program, we’re helping our partners in British Columbia implement more sustainable practices, and therefore become more competitive in their markets. These are good, long-term investments that will help Canada’s seafood sector employ more people and generate more revenue for decades to come.”The Honourable Bernadette Jordan, Minister of Fisheries, Oceans, and the Canadian Coast Guard“British Columbia’s fisheries and aquaculture sectors provide thousands of good middle-class jobs, many of which are in our coastal, rural, and Indigenous communities. With investments through the Fisheries and Aquaculture Clean Technology Adoption Program, our government is working with industry to ensure their business is as sustainable and productive. That’s how we will ensure that our fisheries and aquaculture sectors will continue to grow and generate good jobs and world-class seafood for the long-term.”Terry Beech, Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard, Member of Parliament for Burnaby North-Seymour“The Fisheries and Aquaculture Clean Technology Adoption Program helps B.C. family-owned businesses reduce their environmental footprint while promoting a clean coastal economy. The projects announced today will help wild fisheries and aquaculture operations in our province adopt greener practices that will improve energy efficiency while reducing their environmental impact.”Fin Donnelly, Parliamentary Secretary for Fisheries and Aquaculture, Province of British ColumbiaQuick factsThe Fisheries and Aquaculture Clean Technology Adoption Program was part of a commitment in Budget 2016 of over $1 billion to support clean technology in Canada’s natural resource sectors.Today’s announcement of funding for 36 projects in British Columbia brings the total number of projects supported to date to 80 nationally.The Government of Canada is developing a Blue Economy Strategy to grow its ocean sectors through job creation, inclusion and conservation. Canadians are invited to share their views in an online engagement portal, which will collect diverse perspectives from coast to coast to coast, helping shape a strategy that will contribute to sustainable oceans, drive investment in ocean industries, and create jobs in coastal communities as Canada charts its economic recovery from COVID-19. Online engagement is open until June 15, 2021. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:British, Canada, carbon dioxide, conservation, efficiency, energy efficiency, Fisheries, Government, Indigenous, Investment, Jordan, parliament, sustainability, sustainable, technology, wild fisherieslast_img read more

Research On Culture In The Marketplace Wins CU-Boulder Professor Two Grants

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail A professor in the University of Colorado at Boulder College of Business has been awarded two grants to fund her ongoing research on culture in the marketplace. Lisa N. Peñaloza, an associate professor of marketing, has won a total of $25,000 from the Marketing Science Institute. Peñaloza researches the way consumers and marketers express and produce culture in such venues as ethnic markets, retail concept stores and the Denver Stock Show. Her research is of particular interest to marketing companies and practitioners because it addresses issues they face in solving real-world marketing problems. MSI is a not-for-profit organization that matches leading-edge academic research with corporate marketing practitioners. Peñaloza’s recent awards include: * A $20,000 grant to study the consumption behavior of Mexican Americans based on her paper “Still Crossing Borders: Mexican American Consumer Socialization.” * A $5,000 grant awarded to her and her advisee, doctoral student Julien Cayla, for his proposed dissertation titled “A Passage to India: An Ethnographic Study of the Advertising Agency’s Role in Mediating the Cultural Learning and Adaptation of Multinational Corporations.” Cayla also won the 2000 Alden G. Clayton Doctoral Dissertation Competition, also sponsored by MSI. The competition selects the best proposals that address one of MSI’s research priorities. Cayla was one of four winners selected from among 57 entries. Peñaloza uses an ethnographic approach to research, which consists of extensive observation, interaction and in-depth interviews with people as they live in their normal environment. “While this approach is common in anthropology and sociology, it is making an increasing impact in marketing research,” Peñaloza said. “It provides in-depth understanding of cultural exchanges, which are vital in an increasingly global market.” Published: Feb. 27, 2001 last_img read more