IDC to Host Worldwide Retail 2015 Predictions Web Conference Oct 31, 2014 01:57PM

Event to feature highlights from new IDC FutureScape report; Top decision imperatives include customer operation strategies and the 3rd Platform and investment in omni-channel technologies

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- International Data Corporation (IDC) will host the IDC FutureScape: Worldwide Retail 2015 Predictions Web conference on Tuesday, November 4th, 2014 at 10:00 a.m. U.S. Eastern time. The annual predictions Web conference series features an accompanying IDC FutureScape report, part of the newly launched IDC DecisionScape portfolio of decision-making methodologies. The new reports are designed to help technology professionals in their strategic IT planning efforts. The Web conference will feature retail analysts Leslie Hand, Greg Girard, and Miya Knights. To register, please visit: http://bit.ly/IDCRetailFutureScape2015. The webcast will focus on ten critical decisions that executives and decision makers within retail need to consider within the next 36 months to be leaders in the industry.

Featured decision imperatives include:

  • How retailers will need to explicitly pin their customer and operations strategies on 3rd Platform technologies
  • How CIOs will invest in omni-channel integration technologies as a top priority in support of growing same-shopper sales
  • How CIOs across the top 250 retailers will adopt omni-channel IT governance fit for a 3rd Platform era to combat shadow IT

“We see a diverse set of industry drivers, including the spending power of digital natives, the exponential increase in the number of connected devices and interfaces, organized retail cyber crime, rising concerns about privacy and security, digital and mobile media spending and consumption, intensification of competition and cooperation from all quarters, and the shift to predictive and prescriptive analytics," said Program Vice President Leslie Hand.

The IDC FutureScape report that this Web conference is based on will be published and available within 24 hours of the event. To learn more about IDC Predictions and IDC FutureScape reports, please visit: www.idc.com/Predictions2015.

For additional information about these predictions or to arrange a one-on-one briefing, please contact Sarah Murray at 781-378-2674 or sarah@attunecommunications.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarah@attunecommunications.com.

About IDC FutureScapesIDC FutureScapes are used to shape IT strategy and planning for the enterprise by providing a basic framework for evaluating IT initiatives in terms of their value to business strategy now and in the foreseeable future. IDC's FutureScapes are comprised of a set of decision imperatives designed to identify a range of pending issues that CIOs and senior technology professionals will confront within the typical three year business planning cycle.

About IDC Retail InsightsIDC Retail Insights assists retail businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the retail industry. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-ri.com, email info@idc-ri.com, or call 508-935-4490. Visit the IDC Retail Insights Community at http://idc-community.com/retail.

IDC

Allyson Hughes, 508-935-4546

Program Director

ahughes@idc.com

or

Attune Communications

Sarah Murray, 781-378-2674

Partner

sarah@attunecommunications.com

Source: IDC


Del Mastro and McCarthy Found Guilty of Elections Offences Oct 31, 2014 01:55PM

OTTAWA, ONTARIO -- (Marketwired) -- 10/31/14 -- Today, in the Ontario Court of Justice, Dean Del Mastro and Richard McCarthy were found guilty of offences under the Canada Elections Act. The offences relate to the 2008 federal general election, in the electoral district of Peterborough.

Mr. Del Mastro was found guilty of personally paying an election expense, and thereby wilfully exceeding his contribution limit, contrary to sections 405(1), 497(3)(f.13) and 500(5).

Mr. Del Mastro and Mr. McCarthy were found guilty of:


--  wilfully incurring election expenses in excess of the campaign expense
    limit, contrary to sections 443(1), 497(3)(p) and 500(5);
--  providing an electoral campaign return containing a false or misleading
    material statement in omitting to report a campaign contribution and
    election expense, contrary to sections 463(1)(a), 497(3)(v) and 500(5);
    and
--  providing a campaign return that did not substantially set out the
    required information by omitting to report a campaign contribution and
    election expense, contrary to sections 463(1)(b), (497)(3)(v) and
    500(5). This count was stayed, at the Crown's request, following the
    finding of guilt.

Each count carries a maximum penalty of $2,000, one year in prison, or both. Sentencing will occur at a later date.

The Public Prosecution Service of Canada is responsible for prosecuting offences under federal jurisdiction in a manner that is free of any improper influence and that respects the public interest. The PPSC is also responsible for providing prosecution-related advice to law enforcement agencies across Canada.

(Version francaise disponible)

Contacts:
Sujata Raisinghani
PPSC Communications
(613) 954-7803
media@ppsc.gc.ca

Source: Public Prosecution Service of Canada


The Bank of Princeton Announces Third Quarter 2014 Results Oct 31, 2014 01:55PM

PRINCETON, N.J., Oct. 31, 2014 /PRNewswire/ -- The Bank of Princeton (the "Bank") today announced unaudited results of operations and financial condition for the quarter and nine months ended September 30, 2014.

"Our momentum that began in the first half of 2014 has continued through the third quarter," said Edward Dietzler, the Bank's President.

As of September 30, 2014, the Bank's total assets increased to $936 million, an increase of $58.5 million from December 31, 2013.  The increase in total assets was primarily the result of the continued growth of the Bank's loan portfolio, which increased $66.9 million, or 11 percent, from December 31, 2013.  The increase in loans was partially offset by a decrease in investment securities.

For the quarter ended September 30, 2014, net income was $2.4 million, an increase of 14 percent from the corresponding period in 2013.  Basic earnings per common share were $0.51, compared to $0.45 in the corresponding period in 2013.  Diluted earnings per common share were $0.46 for the quarter ended September 30, 2014 compared to $0.44 for the corresponding period in 2013.  Net interest income and non-interest income both increased for the quarter ended September 30, 2014 compared to the corresponding quarter of the prior year and these increases were partially offset by an increase in non-interest expense.

For the nine months ended September 30, 2014, net income was $6.4 million, an increase of four percent from the corresponding period in 2013.  Basic earnings per common share were $1.39, compared to $1.34 for the corresponding period in 2013.  Diluted earnings per common share were $1.24 for the nine months ended September 30, 2014 compared to $1.32 for the corresponding period in 2013.  Increases in net interest income and non-interest income for the nine months ended September 30, 2014 compared to the corresponding nine months of the prior year were partially offset by an increase in non-interest expense.

Richard Gillespie, Director, commented, "The Bank of Princeton continues to show an accelerated growth rate compared to banks in our peer group, something that has marked our record since the bank's inception. The Board continues to make every attempt to maximize shareholder value through competitive products and services and quality management and oversight."

About The Bank of PrincetonThe Bank of Princeton is a community bank founded in 2007.  The Bank is a New Jersey state-chartered commercial bank with nine branches in New Jersey, including three in Princeton and others in Hamilton, Pennington, Montgomery, Monroe, Lambertville, and New Brunswick.  There are also three branches in the Philadelphia, Pennsylvania area, operating as MoreBank, a division of The Bank of Princeton. The Bank of Princeton is a member of the Federal Deposit Insurance Corporation ("FDIC").

Forward-Looking StatementsThe Bank of Princeton may from time to time make written or oral "forward-looking statements," including statements contained in the Bank's filings with the FDIC, in its reports to stockholders and in other communications by the Bank (including this press release), which are made in good faith by the Bank pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended.

These forward-looking statements involve risks and uncertainties, such as statements of the Bank's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Bank's control). The following factors, among others, could cause the Bank's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Bank conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market and monetary fluctuations; market volatility; the value of the Bank's products and services as perceived by actual and prospective customers, including the features, pricing and quality compared to competitors' products and services; the willingness of customers to substitute competitors' products and services for the Bank's products and services; credit risk associated with the Bank's lending activities; risks relating to the real estate market and the Bank's real estate collateral; the impact of changes in applicable laws and regulations and requirements arising out of our supervision by banking regulators; the Bank's ability to satisfy the requirements of the FDIC consent order entered into on January 30, 2014 and other regulatory requirements applicable to the Bank; technological changes; acquisitions; changes in consumer spending and saving habits; and the success of the Bank at managing the risks involved in the foregoing.

The Bank cautions that the foregoing list of important factors is not exclusive. The Bank does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Bank, except as required by applicable law or regulation.

 

The Bank of Princeton

Summary Statement of Financial Condition Data

(unaudited)

(dollars in thousands)

September 30, 2014

December 31, 2013

$ Change

% Change

ASSETS

Cash and cash equivalents

$       26,356

$        27,425

$  (1,069)

-4%

Investment securities

179,924

193,737

(13,813)

-7%

Loans receivable, net of allowance for loan losses of $9,473 and      $8,493 at September 30, 2014 and December 31, 2013,      respectively

692,262

625,340

66,922

11%

Other assets

37,386

30,926

6,460

21%

TOTAL ASSETS

$     935,928

$      877,428

$  58,500

7%

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Total deposits

$     807,818

$      749,010

$  58,808

8%

Borrowings

48,671

60,412

(11,741)

-19%

Other liabilities

4,836

3,774

1,062

28%

    TOTAL LIABILITIES

861,325

813,196

48,129

6%

TOTAL STOCKHOLDERS' EQUITY

74,603

64,232

10,371

16%

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$     935,928

$      877,428

$  58,500

7%

Book value per common share

$         16.29

$          14.03

$     2.26

16%

 

The Bank of Princeton

Summary Statement of Operations Data

(unaudited)

(dollars in thousands, except per share data)

Three Months Ended

September 30, 2014

September 30, 2013

$ Change

% Change

Interest income

$          10,241

$             9,470

$     771

8%

Interest expense

1,827

1,809

18

1%

Net interest income

8,414

7,661

753

10%

Provision for loan losses

361

577

(216)

-37%

Net interest income after provision

8,053

7,084

969

14%

Non-interest income

708

324

384

119%

Non-interest expense

5,512

4,560

952

21%

Income before income taxes

3,249

2,848

401

14%

Income taxes

896

785

111

14%

Net income

$             2,353

$              2,063

$     290

14%

Earnings per share - Basic

$               0.51

$                0.45

$    0.06

13%

Earnings per share - Diluted

$               0.46

$                0.44

$    0.02

5%

 

The Bank of Princeton

Summary Statement of Operations Data

(unaudited)

(dollars in thousands, except per share data)

Nine Months Ended

September 30, 2014

September 30, 2013

$ Change

% Change

Interest income

$           29,977

$          27,401

$  2,576

9%

Interest expense

5,342

5,317

25

0%

Net interest income

24,635

22,084

2,551

12%

Provision for loan losses

984

1,174

(190)

-16%

Net interest income after provision

23,651

20,910

2,741

13%

Non-interest income

1,893

1,406

487

35%

Non-interest expense

16,754

13,875

2,879

21%

Income before income taxes

8,790

8,441

349

4%

Income taxes

2,424

2,328

96

4%

Net income

$             6,366

$            6,113

$     253

4%

Earnings per share - Basic

$               1.39

$              1.34

$    0.05

4%

Earnings per share - Diluted

$               1.24

$              1.32

$  (0.08)

-6%

Contact Barbara Cromwell 609.454.0133bcromwell@thebankofprinceton.com

SOURCE The Bank of Princeton


Dr. Nicholas Lutsey Honored with the SAE International Barry D. McNutt Award for Excellence in Automotive Policy Analysis Oct 31, 2014 01:55PM

WARRENDALE, Pa. (PRWEB) October 31, 2014

Dr. Nicholas Lutsey, Program Director with the International Council on Clean Transportation, has won the SAE International Barry D. McNutt Award for Excellence in Automotive Policy Analysis. Dr. Lutsey will receive the award during the SAE 2015 Government/Industry Meeting, which will be held Jan. 21-23, 2015, in Washington, D.C.

Established in 2004, this award recognizes individuals who have made outstanding contributions to the development of improved federal automotive policy. Government policy is an increasingly important and complex influence on the ability of the mobility community to serve humanity. Through this award, SAE International recognizes the importance of sound policy analysis and inspires members of the mobility community in government, industry and elsewhere to strive for excellence.

Dr. Lutsey directs the International Council on Clean Transportation's (ICCT) heavy-duty vehicle and fuels programs and co-leads the ICCT's work in the United States. He has co-authored 19 peer-reviewed journal articles and dozens of reports on technology potential, regulatory design, industry compliance, and cost-effectiveness for vehicles and alternative fuels. Previously, with the California Air Resources Board, he participated in the regulatory development and technical analyses toward the 2004 and 2012 adoption of greenhouse gas emission regulations for automobiles.

Dr. Lutsey has previously received awards from the U.S. Department of Transportation, the University of California at Davis, the Transportation Research Board, and the California Air Resources Board for his research contributions. He received a B.S. in Agricultural and Biological Engineering from Cornell University and a PhD in Transportation Technology and Policy from the University of California, Davis.

SAE International is a global association committed to being the ultimate knowledge source for the engineering profession. By uniting over 148,000 engineers and technical experts, we drive knowledge and expertise across a broad spectrum of industries. We act on two priorities: encouraging a lifetime of learning for mobility engineering professionals and setting the standards for industry engineering. We strive for a better world through the work of our philanthropic SAE Foundation, including programs like A World in Motion® and the Collegiate Design Series™.

   •  http://www.sae.org -

Read the full story at http://www.prweb.com/releases/2014/11/prweb12293872.htm


Echo Barrier Provides Solution To Construction Noise At World Trade Center Development Site Oct 31, 2014 01:52PM

NEW YORK, Oct. 31, 2014 /PRNewswire/ -- Echo Barrier USA announced that its acoustic barriers provided a solution to construction noise at the World Trade Center (WTC) development site in New York City.

The barriers were first called for by the WTC project team to reduce disruption to passersby caused by construction noise. When they were installed at the site, the noise level was immediately reduced. Peter Wilson, Technical Director of Echo Barrier noted, "The same day the barriers were set up, three policemen walking through the area, actually just stopped in their tracks. They looked around trying to figure out what was 'different.' I walked up to them and helped solve their mystery – it was quieter!"

Two years after the initial installation, the Echo Barriers continue to shield the public from noise and dust. Its success prompted the WTC project team to request Oliveira Contracting to continue the product extension and development at the site.  

Mr. Wilson stated, "We are pleased to have launched the use of Echo Barrier in the U.S. with a project that is so important to New York City, the United States and the world. Construction-related noise pollution has certainly proven to be a detrimental health concern as well as adversely affecting the environment." 

The Echo Barriers provide a sound mitigation system that absorbs noise, rather than reflect it back to the source. They are safe and easy to handle, durable, weather resistant, lightweight and take limited manpower and time to install and move around a site.

The Echo Barriers make noise management simple, fast and highly effective. It is a system that can provide an immediate response to noise pollution as a temporary or a permanent solution. Noise complaints are reduced and working hours can be extended. Echo Barriers are a long term investment that professionally reflects the user's commitment to their workforce, their community and the environment.    

About Echo Barrier USAEcho Barrier USA is the global leading supplier of acoustic solutions for the increasing problem of excessive noise and noise pollution affecting people on a daily basis. Echo Barrier is an International, award-winning noise mitigation system that provides advanced solutions to control excessive noise from construction sites, rail and road maintenance, demolition, public events and permanent noise sources, such as cooling towers, refrigeration units and generators. For more information, visit www.EchoBarrier.com.

SOURCE Echo Barrier USA


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