TESCO has revealed plans to open 150 new locations over the next three years in a convenience store blitz. The Tesco Express expansion will create more than 2,000 jobs, while some stores will benefit from longer opening hours. Advertisement 3 Tesco plans to open 150 new Express convenience stores over the next three years Credit: Tesco The majority of sites will run from 7am to 11pm, but the supermarket giant is aiming to have some open from 6am to midnight. Kevin Tindall, managing director at Tesco UK, said the chain had signed leases for many of the new shops, but that they were looking at housing estates, new-build tower blocks and high streets with a lot of footfall. The news came as Britain’s biggest grocer yesterday marked the 30th anniversary of Tesco Express by opening a shop in Burnt Oak, North London — on the same street the very first Tesco was set up in 1929. Tesco this week cut prices on 200 everyday items such as bread, milk, and chicken in its Express stores, and continues to offer Clubcard discounts. Advertisement READ MORE ON TESCO POINT IT OUT Tesco shoppers can get BONUS Clubcard points worth up to £100 in time for Xmas cheers! Tesco slashes price of large bottle of Baileys to the cheapest it's been all year But it does not offer its Aldi Price Match in the convenience shops. Critics including Which? have argued customers at smaller shops are disadvantaged by the higher prices. But Mr Tindall explained that most smaller stores charge a premium as they are hit harder by costs, especially in London where rents are high. And he said Tesco was continuing to create jobs despite the “challenges of extra costs from the Budget”. Advertisement Most read in Business STAMP LOOTY Royal Mail warns stamp prices could rise AGAIN after £120m hit from Budget FORD PULLS PLUG Ford set to axe 800 British jobs - blaming slow electric vehicle sales RATES OF ATTRITION BoE boss says Budget risks job losses and interest rates staying higher BUST UP Delivery firm backed by Martin Lewis goes bust owing almost £6million There are now 2,074 Tesco Express stores and 808 larger superstores. Rivals Sainsbury's, Morrisons, and Asda have also committed to opening new locations. 3 The supermarket giants' expansion plans could create 2,000 new jobs Credit: Tesco Tesco unveils new Christmas ad A miniature giant GAMES WORKSHOP, the maker of fantasy miniature figurines and the Warhammer franchise, is nudging its way into the FTSE 100 after its shares rocketed to a record high yesterday. Advertisement The niche hobby business is now valued at £4.5billion, more than B&M Bargains or Sports Direct owner Frasers Group. Its shares yesterday rose 17 per cent to £137.90 each after a brief statement that its profits would beat forecasts of £120million. Shares have risen by 38.5 per cent in the past year. 3 Niche hobby outlet Games Workshop has been valued at £4.5billion Credit: instagram/warhammerofficial Advertisement Good week, bad week GOOD WEEK: RYAN McDonnell, boss of LIDL, the fastest-growing supermarket, which has returned to profit after the cost-of-living crisis. BAD WEEK: ADRIAN Mardell, boss of JAGUAR, criticised for a ridiculous rebrand and its new advert that does not feature a car.
A 7-year-old dispute between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence "dictatorship" is now heading to a federal judge as Musk seeks to halt the ChatGPT maker's ongoing shift into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good rather than pursuing profits. Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. The world's richest man, whose companies include Tesla, SpaceX and social media platform X, last year started his own rival AI company, xAI. Musk says it faces unfair competition from OpenAI and its close business partner Microsoft, which has supplied the huge computing resources needed to build AI systems such as ChatGPT. “OpenAI and Microsoft together exploiting Musk’s donations so they can build a for-profit monopoly, one now specifically targeting xAI, is just too much,” says Musk's filing that alleges the companies are violating the terms of Musk’s foundational contributions to the charity. OpenAI is filing a response Friday opposing Musk’s requested order, saying it would cripple OpenAI’s business and mission to the advantage of Musk and his own AI company. A hearing is set for January before U.S. District Judge Yvonne Gonzalez Rogers in Oakland. At the heart of the dispute is a 2017 internal power struggle at the fledgling startup that led to Altman becoming OpenAI's CEO. Musk also wanted the job, according to emails revealed as part of the court case, but grew frustrated after two other OpenAI co-founders said he would hold too much power as a major shareholder and chief executive if the startup succeeded in its goal to achieve better-than-human AI known as artificial general intelligence , or AGI. Musk has long voiced concerns about how advanced forms of AI could threaten humanity. “The current structure provides you with a path where you end up with unilateral absolute control over the AGI," said a 2017 email to Musk from co-founders Ilya Sutskever and Greg Brockman. “You stated that you don't want to control the final AGI, but during this negotiation, you've shown to us that absolute control is extremely important to you.” In the same email, titled “Honest Thoughts,” Sutskever and Brockman also voiced concerns about Altman's desire to be CEO and whether he was motivated by “political goals.” Altman eventually succeeded in becoming CEO, and has remained so except for a period last year when he was fired and then reinstated days later after the board that ousted him was replaced. OpenAI published the messages Friday in a blog post meant to show its side of the story, particularly Musk's early support for the idea of making OpenAI a for-profit business so it could raise money for the hardware and computer power that AI needs. It was Musk, through his wealth manager Jared Birchall, who first registered “Open Artificial Technologies Technologies, Inc.”, a public benefit corporation, in September 2017. Then came the “Honest Thoughts” email that Musk described as the “final straw.” “Either go do something on your own or continue with OpenAI as a nonprofit,” Musk wrote back. Musk didn't immediately respond to emailed requests for comment sent to his companies Friday. Asked about his frayed relationship with Musk at a New York Times conference last week, Altman said he felt “tremendously sad” but also characterized Musk’s legal fight as one about business competition. “He’s a competitor and we’re doing well,” Altman said. He also said at the conference that he is “not that worried” about the Tesla CEO’s influence with President-elect Donald Trump. OpenAI said Friday that Altman plans to make a $1 million personal donation to Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships with the incoming administration. —————————— The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives.
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Middle East latest: Syrians celebrate Assad's fall as US seeks a peaceful political transitionFrom Squid Game to Blackpink, how South Korea became culture powerhouseKULR Technology Stock: Buy, Sell, or Hold?
Thousands of Syrians gathered in Damascus’ main square and a historic mosque for the first Muslim Friday prayers since former President Bashar Assad was overthrown , a major symbolic moment for the country’s dramatic change of power. The rebels are now working to establish security and start a political transition after seizing the capital on Sunday. U.S. Secretary of State Antony Blinken made an unannounced visit to Iraq on Friday, pressing ahead with efforts to unify Middle East nations in support of a peaceful political transition in Syria. It’s part of Blinken’s 12th trip to the Mideast since the Israel-Hamas war erupted last year in Gaza but his first after Assad was ousted. The U.S. is also making a renewed push for an ceasefire in Gaza, where the war has plunged more than 2 million Palestinians into a severe humanitarian crisis. Israel’s war against Hamas has killed over 44,800 Palestinians in Gaza, more than half of them women and children, according to the Gaza Health Ministry, which does not say how many were combatants. The Israeli military says it has killed over 17,000 militants, without providing evidence. The October 2023 Hamas attack that sparked the war killed some 1,200 people in Israel, mostly civilians, and around 250 others were taken hostage. Some 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Here's the latest: ANKARA, Turkey — Turkey’s Foreign Minister Hakan Fidan said on Friday that eliminating a U.S.-backed Syrian Kurdish militia is his country’s “strategic goal,” and called on members of the group to leave Syria or lay down arms. In an interview with Turkey’s NTV television, Fidan also suggested that Syria’s new rulers — the rebels who swept into Damascus and who are backed by Ankara — would not recognize the militia, known as the People’s Protection Units, or YPG. The group is allied with the United States in the fight against the Islamic State group but Turkey views it as a terrorist organization and a security threat. “The non-Syrian YPG members must leave the country as soon as possible. The entire command level of the YPG must also leave the country,” Fidan said. “After that, those who remain must put down their weapons and continue with their lives.” Fidan said that as the Syrian insurgents advanced toward Damascus and Syria's Bashar Assad was toppled, Turkey in talks that were underway in Qatar at the time asked Iran and Russia not to intervene militarily. “At some point they (Russians and Iranians) made phone calls. That evening, Assad left,” Fidan said. UNITED NATIONS —– The situation in Gaza is rapidly deteriorating with scores of reported fatalities from multiple Israeli airstrikes in recent days and insecurity hampering aid deliveries, the United Nations said Friday. U.N. humanitarian coordinator Muhannad Hadi urged respect for the principles of “distinction, proportionality and precautions” and called on the parties to ensure the protection of civilians and safe and unimpeded passage of humanitarian aid. Hadi cited the looting of a 70-truck convoy that was traveling at the Kerem Shalom crossing on Wednesday and the looting of four out of five trucks leaving the Kissufim crossing that same day. The U.N. Office for the Coordination of Humanitarian Affairs known as OCHA reported that Israel denied more than 90% of the 137 missions the U.N. and its partners wanted to send to besieged northern Gaza since Oct. 6. BEIRUT — Israeli warplanes launched airstrikes on Friday against sites in several cities in Syria, an opposition war monitor reported. Associated Press journalists heard loud explosions throughout the Syrian capital Damascus. There were no immediate reports of casualties. The strikes hit the summit of Mount Qasioun in Damascus, Khalkhala Airport in the countryside of Sweida and the Defense and Research Laboratories in Masyaf, located in the western countryside of Hama, according to the Syrian Observatory for Human Rights Earlier on Friday, Israeli strikes targeted six military sites in the countryside of Damascus and Sweida, the observatory said. Israel has conducted hundreds of airstrikes since the toppling of the Syrian regime, saying it seeks to neutralize potential threats following the ouster of Bashar Assad. The strikes have targeted weapons production sites, anti-aircraft batteries and airfields. Israel has also moved troops to occupy a buffer zone in the Golan Heights on its border with Syria. DAMASCUS, Syria — Russian forces and military vehicles were seen withdrawing from southern Syria on Friday toward their primary base in in the coastal city of Latakia. The Russian troop movement comes amid questions about whether Moscow will still be able to project power in the Middle East after the fall of Syrian President Bashar Assad. His rule was supported by Russia and he received asylum in Russia after being toppled Sunday. There are also questions about what a Russian pullback in Syria could mean for the war in Ukraine. Significant Russian military convoys were seen on the Damascus-Homs highway near Shinshar village heading north. The military vehicles, bearing Russian flags, included tanks and armored personnel carriers. The military equipment had been previously stationed in southern regions such as Daraa and Damascus. On Thursday, the British-based Syrian Observatory for Human Rights reported that Russian forces were leaving bases in Ain Issa and Tel Al-Samn in the Al-Raqqah countryside. Satellite images released by Maxar Technologies on Friday show what appear to be cargo planes at a Russian military airfield in Syria with their nose cones opened to receive heavy equipment, along with helicopters being dismantled and prepared for transport. Earlier this week, all Russian naval ships departed the Syrian port of Tartus, according to a U.S. official. ANKARA, Turkey — Turkey's embassy in the Syrian capital of Damascus will reopen on Saturday for the first time since 2012, Foreign Minister Hakan Fidan said Friday. In an interview with Turkey’s NTV television Fidan said a newly appointed interim charge d’affaires had left for Damascus on Friday together with his delegation. “It will be operational as of tomorrow,” he said. The embassy in Damascus had suspended operations in 2012 due to the escalating security conditions during the Syrian civil war. All embassy staff and their families were recalled to Turkey. The Syrian insurgents who overthrew Syrian President Bashar Assad on Sunday did so with vital help from Turkey. WASHINGTON — The U.S. military has transported out of Syria an American who disappeared seven months ago into former President Bashar Assad’s notorious prison system and was among the thousands released this week by rebels, a U.S. official said Friday. Travis Timmerman was flown out of Syria on a U.S. military helicopter, according to a U.S. official who spoke on condition of anonymity to discuss an ongoing operation. Timmerman, 29, told The Associated Press he had gone to Syria on a Christian pilgrimage and was not ill-treated while in Palestine Branch, a notorious detention facility operated by Syrian intelligence. He said he was freed by “the liberators who came into the prison and knocked the door down (of his cell) with a hammer.” Timmerman said he was released Monday morning alongside a young Syrian man and 70 female prisoners, some of whom had their children with them. He had been held separately from Syrian and other Arab prisoners and said he didn’t know of any other Americans held in the facility. — By Lolita C. Baldor THE HAGUE, Netherlands — A Dutch court on Friday rejected a bid from human rights groups to block weapons exports to Israel and trading with the occupied territories, after finding there were sufficient checks already in place to comply with international law. The ten organizations told The Hague District Court last month that they thought the Netherlands was in violation of the 1948 Genocide Convention, drawn up following World War II, by continuing to sell weapons to Israel more than a year into the conflict in Gaza. “The government uses my own tax money, that I pay, to kill my own family. I’ve lost 18 members of my own family,” Ahmed Abofoul, a legal adviser for the pro-Palestinian organization Al-Haq, one of the groups involved in the lawsuit, told the court during a hearing in November . The court ruling said that “it is not up to the interim relief judge to order the state to reconsider government policy. That is primarily a political responsibility.” Lawyers for the government argued it wasn’t up to a judge to decide foreign policy for the Netherlands. The activist groups pointed to several emergency orders from another court, the International Court of Justice, as confirming the obligation to stop weapons sales. In January, the top U.N. court said it was plausible Palestinians were being deprived of some rights protected under the Genocide Convention. The coalition said it will review the court’s ruling and is considering an appeal. CAIRO — Israeli attacks in and around a hospital in northern Gaza wounded three medical staff overnight into Friday and caused damage to the isolated medical facility, according to its director. Dr. Hossam Abu Safiya said Israeli quadcopter drones carrying explosives deliberately targeted the emergency and reception area of Kamal Adwan Hospital, where one doctor was wounded for a third time. Abu Safiya said “relentless” drone and artillery strikes throughout the night exploded “alarmingly close” to the hospital, heavily damaging nearby buildings and destroying most of the water tanks on the hospital’s roof and blowing out doors and windows. Kamal Adwan Hospital in the town of Beit Lahiya has been hit multiple times over the past two months since Israel launched a fierce military operation against Hamas in northern Gaza. The Israeli military did not immediately respond to a request for comment on the strikes. “We demand international protection for the hospital and its staff,” Abu Safiya said in a statement released via the U.K.-based aid group Medical Aid for Palestinians, “as well as the entry of delegations with surgical expertise, medical supplies, and essential medications to ensure we can adequately serve the people we are treating.” Abu Safiya said there were 72 wounded patients at the hospital, one of the few medical facilities left in northern Gaza. He said he expected Israeli forces would allow a World Health Organization aid convoy to bring supplies to the hospital on Friday or Saturday, as well as a team of doctors from Indonesia. Israel has allowed almost no humanitarian or medical aid to enter the three besieged communities in northern Gaza — Beit Lahiya, Beit Hanoun and the urban Jabaliya refugee camp — and ordered tens of thousands to flee to nearby Gaza City. Israeli officials have said the three communities are mostly deserted, but the United Nations humanitarian office said Tuesday it believes around 65,000 to 75,000 people are still there, with little access to food, water, electricity or health care. Experts have warned that the north may be experiencing famine . BAGHDAD — U.S. Secretary of State Antony Blinken made an unannounced stop in Iraq on Friday on his latest visit to the Middle East aimed at stabilizing the situation in Syria to prevent further regional turmoil. Blinken met in Baghdad with Iraqi Prime Minister Mohammed al-Sudani as part of the hastily arranged trip, his 12th to the region since the Israel-Hamas war erupted last year but his first since the weekend ouster of Syrian strongman Bashar Assad. Blinken has already been to Jordan and Turkey on his current tour and will return to the Jordanian city of Aqaba for meetings on Saturday with Arab foreign ministers, Turkey’s foreign minister and the United Nations special envoy for Syria, the U.N. said. Blinken will try to unify support for an inclusive post-Assad transition that does not allow the Islamic State group to take advantage of the political vacuum in Syria and secures suspected chemical weapons stocks. In Baghdad, Blinken underscored “U.S. commitment to the U.S.-Iraq strategic partnership and to Iraq’s security, stability, and sovereignty,” the State Department said. “He will also discuss regional security opportunities and challenges, as well as enduring U.S. support for engagement with all communities in Syria to establish an inclusive transition,” it said in a statement. His trip comes as the Biden administration winds down with just over a month left before President-elect Donald Trump takes office. Trump has been highly critical of Biden’s approach to the Middle East and skeptical of the U.S. military presence in both Iraq and Syria. The U.S. and Iraq agreed in September to wrap up U.S.-led military operations against the Islamic State group in Iraq next year, although Assad’s ouster and the potential for the group taking advantage of a political vacuum in Syria could complicate the timing of the withdrawal, according to American officials. DAMASCUS — The kingdom of Bahrain sent a message Friday to Ahmad al-Sharaa, formerly known as Abu Mohammed al-Golani, the leader of the insurgency that toppled Syrian President Bashar al-Assad. It said Bahrain is “fully prepared to consult with you continuously and to provide support in regional and international organizations to achieve what is in the interest of the brotherly Syrian people.” It added, “We look forward to Syria regaining its authentic role in the Arab League.” Bahrain is the current head of the Arab summit. Syria was readmitted to the Arab League last year after 12 years of ostracization. It is still unclear how the international community will deal officially with the new interim government in Syria. JERUSALEM - Israel’s defense minister told troops to prepare to remain through the winter months on the peak of Mount Hermon, Syria’s highest point, located in a swath of southern Syria that Israeli troops moved into after the fall of Damascus to insurgents. The comments by Defense Minister Israel Katz signaled that the military will extend its occupation of the zone along the border, which Israel says it seized to create a buffer zone. In a statement Friday, Katz said that holding the peak was of major importance for Israel’s security and that it would be necessary to build facilities there to sustain troops through the winter. The summit of Mount Hermon, the highest peak on the eastern Mediterranean coast at 2,814 meters (9,232 feet), gives a commanding view over the plains of southern Syria. It also positions Israeli troops about 40 kilometers (25 miles) from the center of Damascus. The mount is divided between the Israeli-occupied Golan Heights, Lebanon and Syria. Only the United States recognizes Israel’s control of the Golan Heights. Prime Minister Benjamin Netanyahu said Thursday that Israeli troops would remain in the zone until another force across the border in Syria could guarantee security. Israeli troops moved into the zone -– set as a demilitarized area inside Syrian territory under truce deals that ended the 1973 Mideast war -- after the regime of Bashar al-Assad fell last weekend. ANKARA, Turkey -- U.S. Secretary of State Antony Blinken said Friday there was “broad agreement” between Turkey and the United States on what they would like to see in Syria following the ouster of President Bashar Assad. “There’s broad agreement on what we would like to see going forward, starting with the interim government in Syria, one that is inclusive and non-sectarian and one that protects the rights of minorities and women” and does not “pose any kind of threat to any of Syria’s neighbors,” Blinken said in joint statements with Turkish Foreign Minister Hakan Fidan. The insurgent groups that toppled Assad in Syria have not made clear their policy or stance on Israel, whose military in recent days has bombed sites all over the country, saying it is trying to prevent weapons from falling into extremist hands. Blinken also said it was crucial to keep the Islamic State group under control. “We also discussed the imperative of continuing the efforts to keep ISIS down. Our countries worked very hard and gave a lot over many years to ensure the elimination of the territorial caliphate of ISIS to ensure that that threat doesn’t rear its head again,” Blinken said. The Turkish foreign minister said the two discussed ways of establishing prosperity in Syria and ending terrorism in the country. “Our priority is establishing stability in Syria as soon as possible, preventing terrorism from gaining ground, and ensuring that IS and the PKK aren’t dominant,” Fidan said, in a reference to the banned Kurdistan Workers Party. Blinken said: “We’re very focused on Syria, very focused on the opportunity that now is before us and before the Syrian people to move from out from under the shackles of Bashar al-Assad to a different and better future for the Syrian people, one that the Syrian people decide for themselves.” Blinken and Fidan said they had also discussed a ceasefire for Gaza. “We’ve seen in the last couple of weeks more encouraging signs that (a ceasefire) is possible,” Blinken said. Blinken, who is making his 12th trip to the Mideast since the Israel-Hamas war erupted last year but first since the weekend ouster of Assad, met with Turkish President Recep Tayyip Erdogan late Thursday. The outgoing Biden administration is particularly concerned that a power vacuum in Syria could exacerbate already heightened tensions in the region, which is already wracked by multiple conflicts, and create conditions for the Islamic State group to regain territory and influence. Later Friday, Blinken is to return to Jordan for meetings on Saturday with Arab foreign ministers and senior officials from the European Union, the Arab League and the United Nations. ANKARA, Turkey -- Turkey has appointed a temporary charge d’affaires to reopen its embassy in Syria, Turkey’s state-run news agency reported. The Turkish Embassy in Damascus had suspended operations in 2012 due to the escalating security problems during the Syrian civil war and embassy staff and their families were recalled to Turkey. The Anadolu Agency said late Thursday that Turkey appointed Burhan Koroglu, its ambassador in Mauritania, to the post.
NEW YORK , Dec. 6, 2024 /PRNewswire/ -- RIA Eyewear (" RIA "), a New York -based performance eyewear company, is thrilled to announce that professional golfer Rocco Mediate has joined the brand as its latest ambassador. Mediate, renowned for his charismatic personality and remarkable on-course achievements, will bring his years of professional golf experience to further RIA's commitment to performance and innovation. Rocco's impressive career includes 6 PGA Tour victories along with 5 wins on the PGA Tour Champions, including the Senior PGA Championship. With his latest PGA Tour Champions victory, Mediate has now won PGA Tour-sanctioned events in 5 decades. As one of the game's greats, Mediate will be an integral part in representing RIA Eyewear's commitment to providing athletes with high-quality eyewear, designed for optimal performance on the course. "I'm excited to partner with RIA Eyewear," said Mediate. "Their commitment to innovation and quality is something I truly admire. In golf, having the right equipment can make all the difference, and I believe RIA's eyewear will help me—and golfers everywhere—perform at our best." RIA Eyewear is dedicated to enhancing the visual experience for golfers. With their proprietary Golf HD+ technology, RIA's lenses are designed to provide optimal contrast on the course while keeping golfers' eyes feeling fresh and protected during long rounds in the sun. "Rocco is not only a world class golfer but also an inspiration when it comes to pushing the boundaries of product development," said Jordan Kemp and Chris Hanson , co-founders of RIA Eyewear. His passion for the sport and commitment to excellence makes him a great ambassador for RIA." The addition of Rocco Mediate to RIA's ambassador team comes as the company continues to expand its collection in response to the overwhelming success of its proprietary Golf HD+ lens technology. RIA's Golf HD+ lens offering was designed with ZEISSTM, the global leader in lens optics, using rigorous color science research to find the balance between enhanced contrast and eye comfort, all while providing 100% UVA/B protection. RIA's lenses are specifically not polarized to help golfers maintain their depth perception, making it easier to see slopes and breaks on the greens. All of RIA's performance frame styles are handmade in Italy and built to stand up to the most challenging conditions. To find out more about RIA Eyewear, visit www.riaeyewear.com About RIA Eyewear RIA Eyewear is an independent performance eyewear brand started in 2017 to give athletes a visual edge on the court and course while protecting their eye health. RIA's lenses are developed through extensive color science research with world-renowned lens maker Carl ZEISS to enhance a wearer's visual acuity and eye comfort. With a growing list of pro ambassadors from the golf, tennis, and pickleball pro tours, including Rocco Mediate , Kim Clijsters , and the Bryan Brothers, RIA is changing the way golfers and racquet sport athletes see the game for the better. View original content to download multimedia: https://www.prnewswire.com/news-releases/ria-eyewear-welcomes-golf-legend-rocco-mediate-as-new-brand-ambassador-302325280.html SOURCE RIA Inc
Unless you happen to be an average-size person with perfectly balanced proportions, the clothing you buy may or may not fit perfectly. A skilled tailor can make a wardrobe seem almost custom-made by taking up a hem, adjusting a cuff, or making a few nips and tucks here and there. The same applies to your investment portfolio. A standard asset-allocation mix (such as a model portfolio ) may work well for the “average” investor, but one size doesn’t always fit all. Here are some of the situations in which you might want to consider adjusting your portfolio for a better fit. The “bucket approach” is a great way to tailor your asset allocation to better fit your specific needs. The general idea is to keep one to two years’ worth of expenses in highly liquid securities to help meet short-term cash needs (plus an additional five years’ or more worth of living expenses in high-quality fixed-income securities to provide income and stability). That way you won’t have to scramble to sell securities to meet your ongoing expenses. In effect, this approach is a way of building a tailored asset allocation from the bottom up. Similarly, make sure your asset allocation accounts for both longer- and shorter-term goals. If you have upcoming events on the horizon such as a home purchase, college tuition, a wedding, or a big vacation, make sure you have enough of your portfolio in moderate-risk assets (such as high-quality short- or intermediate-term bond funds) to fund these goals. It’s far more likely for a single stock to have large losses than a diversified mutual fund, so it’s wise to prune any stock holdings so they make up less than 10% of your portfolio. If you’ve received significant equity awards as part of your total compensation, though, consider how to do so without realizing hefty capital gains. If your spouse is more than five years older or younger than you, your portfolios should probably look a bit different. The younger spouse can afford to have a higher equity weighting and a more aggressive risk profile, while the older one will want to dial back risk. If you hold assets jointly, consider using a blended approach based on the average of your two ages. If you’re fortunate enough to have relatives who lived into their 90s or beyond, it makes sense to plan for a longer-than-usual life expectancy. You can probably afford to take on more risk with more exposure to equities and high-risk assets. From an actuarial perspective, each year you live means your life expectancy gets longer. Some experts (such as Michael Kitces and Wade Pfau) even argue for a “reverse glide path,” which increases equity exposure as you get older instead of the reverse. On the flip side, if you’re dealing with a terminal illness, make sure to keep your portfolio conservative enough to meet higher-than-expected health care expenses and provide yourself with whatever you might need to make your remaining months and years a little more comfortable. You might want to leave a legacy to your children and grandchildren, but keep in mind that the gift of your time—not money—will probably be the most meaningful. So, don’t feel guilty about spending down your assets if you find yourself in a situation where you need to. If you weren’t able to save and invest early in your career, your portfolio balance might be relatively low. Taking a hard look at your spending is the most important step you can take in this situation. But while it might be tempting to ramp up your equity exposure to try to make up lost ground, it’s more prudent to take the opposite approach because a small portfolio has less room to absorb market losses. Because a pension is literally a fixed income, it functions like a bond position in a portfolio, so you can afford to increase the equity weighting with your other assets. Social Security works the same way: Your monthly benefits won’t grow beyond a small cost of living increase, but it’s effectively a bond-like income stream. Get local news delivered to your inbox!Drones, planes or UFOs? Americans abuzz over mysterious New Jersey sightings
NFC's No. 1 seed comes down to Vikings-Lions showdown at Detroit in Week 18Acadian Timber Corp. ( TSE:ADN – Get Free Report ) announced a quarterly dividend on Wednesday, October 30th, Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.29 per share on Wednesday, January 15th. This represents a $1.16 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Tuesday, December 31st. Acadian Timber Price Performance Shares of TSE ADN opened at C$17.93 on Friday. The company has a debt-to-equity ratio of 33.22, a quick ratio of 1.04 and a current ratio of 0.38. The firm’s 50-day simple moving average is C$17.92 and its 200 day simple moving average is C$17.64. The stock has a market cap of C$314.49 million, a price-to-earnings ratio of 9.64, a PEG ratio of -4.84 and a beta of 0.87. Acadian Timber has a fifty-two week low of C$16.12 and a fifty-two week high of C$18.48. Acadian Timber ( TSE:ADN – Get Free Report ) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.13 EPS for the quarter. The business had revenue of C$25.96 million during the quarter. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%. As a group, research analysts anticipate that Acadian Timber will post 1.0095345 earnings per share for the current fiscal year. About Acadian Timber Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products. Featured Stories Receive News & Ratings for Acadian Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadian Timber and related companies with MarketBeat.com's FREE daily email newsletter .