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Dec 4 (Reuters) - Intel (INTC.O) , opens new tab will have a CEO with manufacturing expertise as well as experience in the product side of the business, interim co-CEO David Zinsner said at the UBS technology conference on Wednesday. Reuters reported on Tuesday that Intel has started evaluating a handful of outsiders including former board member Lip-Bu Tan to take the reins of the struggling chipmaker. Intel's "core strategy remains intact", Zinsner said at the conference, two days after the struggling U.S. chipmaker announced the resignation of CEO Pat Gelsinger following impatience with the pace of a costly turnaround. The company also requires a "significant cultural change" to become a successful foundry player as well as in the semiconductor business, Intel's head of foundry manufacturing and supply chain Naga Chandrasekaran said. Sign up here. Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak Dasgupta Our Standards: The Thomson Reuters Trust Principles. , opens new tab
Entrepreneurs starting up businesses or looking toward expansions attended the Northwestern Ontario (NWO) Innovation Centre’s Meet the Funders event to learn about attainable funding sources. Funders have been vital to the survival of local businesses, both large and small. Jeff Coull, executive director of the Northwestern Ontario Innovation Centre, says it can be intimidating for organizations looking for funding. “When you start searching to find who does what, what do I need or what are the specific eligibility requirements, it can be quite complicated,” Coull said. “Our goal is to introduce people to the different funding organizations and connect them to have a one-on-one conversation.” The Meet the Funders event, which took place at the Northwestern Ontario Innovation Centre last month, provided a three-minute profile from each funder and an opportunity to speak with them privately. Each of the funding representatives described their organization and how they provide funding for businesses. Northwestern Ontario Innovation Centre The Northwestern Ontario Innovation Centre offers several funding programs, including the Next-Level program that provides a grant of up to $5,000 reimbursed at a 50-per cent cost share. Eligible activities must focus on scaling or accelerating the organization and eligible expenses include equipment and software, trade show and travel costs, and late-stage product development. Youth Effect is a summer youth subsidy program for any employer with an innovative new project over 15 weeks. The Executive in Residence program helps to find a senior external resource to support a specific initiative temporarily. The Co-Starter program provides $18,000 over an intense 12-week accelerator course for new businesses with an opportunity at the end to pitch for a $250,000 investment. The centre is the local representative for the Sustainable New Agri-Food Products and Productivity (SNAPP) program for Northern Ontario agriculture and food producers and businesses. The program provides up to $10,000 at a 50-per cent cost-share towards the purchase of equipment and materials that result in creating new food products, enhancing productivity or resource use, and reducing ecological impact. Northern Ontario Heritage Fund Corporation The Northern Ontario Heritage Fund Corporation (NOHFC) supports community enhancement, infrastructure, and community events through funding and internship programs. The main criteria for organizations to apply is for them to bring jobs to Northern Ontario. Federal Economic Development Agency for Northern Ontario (FedNor) FedNor is one of seven regional development agencies established by the Government of Canada to service various regions across the country. Their Northern Ontario Development Program is primarily focused on the private or public sectors and the Regional Economic Growth and Innovation program has funding for both not-for-profits and for the private sector. Thunder Bay Ventures Thunder Bay Ventures offers financial assistance programs for new business starts, maintenance and expansion. The micro-loan program lends up to $25,000, term loans lend a maximum of $150,000 and the Northwestern Ontario investment pool lends larger loan amounts of up to $600,000. Initiatives include the student Enter the Den competitions, the Thunder Bay Area business competence index and a virtual tourism map. Paro Centre for Women’s Enterprise Paro Centre for Women’s Enterprise features peer circles comprised of four to seven women that provide opportunities for peer support and access to peer lending via grants and loans. Paro is also the provider for the Woman’s Entrepreneur Loan Fund with up to $50,000 for startup or expansion. A third grant fund is specific to women entrepreneurs already established in business and looking to expand and scale up into new regions. Thunder Bay Community Economic Development Commission (CEDC) Entrepreneur Centre Within the CEDC, the Entrepreneur Centre offers programs such as the Starter Company Plus program with a $5,000 grant available for businesses looking to either start up, expand or purchase an existing business or become full-time businesses. The Summer Company Program provides support mentorship and $3,000 in funding for anybody looking to launch a business during the summer. The Miinikaanan-Bakakidoon program is an Indigenous business branch of the Starter Company Plus program with a $5,000 grant for businesses looking to either start, expand or purchase. Business Development Bank of Canada (BDC) BDC is a crown corporation that provides funding through financing opportunities. BDC offers loans and advisory services for businesses at a cost or a very good rate of return. Northern Ontario Angels Mary Long-Irwin with Northern Ontario Angels said they are a non-profit group that supports businesses by finding or helping to source an angel investor for your business. They work with you to help launch or grow your business or build your networks. Ontario Centre for Innovation (OCI) The Ontario Centre for Innovation helps to connect Ontario innovators with researchers, industry partners and funding for the next generation of made-in-Ontario academic intellectual property and solutions. eCampus Ontario eCampus Ontario offers funding programs to support the evolution of online and technology-enabled teaching at Ontario colleges and universities. The Ontario Collaborative Innovation Platform is a new matchmaking program that connects Ontario companies with expert researchers at Ontario’s post-secondary institutions to help businesses innovate and get to market more quickly and confidently. It creates opportunities for institutions to bring their vast research capabilities to bear on real-world challenges. Nishnawbe Aski Development Fund (NADF) NADF services an area from Timmins to the Manitoba border to finance and support individual or community First Nation-owned businesses through loans and grants. Individuals can tap into $100,000 in grants and the First Nation communities have the opportunity to tap into $250,000 in grants. These grants help to jumpstart startups, help out with expansions or purchase different companies. NADF’s Web program provides loans or grants of up to $20,000 to help women in business build up credit. The E-commerce grant of up to $8,000 is for small businesses that want a jumpstart in website design or to upgrade technology in their business and is a nonrepayable grant that doesn’t require equity. Emergency loans for businesses in the north and winter road access to help with inventory are also available. Futurepreneur Futurepreneur has four main financing mentorship and resource programs. They are the only national non-profit organization specializing in business support, financing and mentorship to young entrepreneurs aged 18 to 39. Confederation College Although Confederation College is not a direct funder, they have access to funding to support economic, social or environmental projects that provide benefits to small and medium enterprises.Chiang Kai-shek Memorial Hall Despite the geopolitical noise created by threats of invasion, Taiwan remains as an attractive tourist destination for Filipinos. And that charm comes from Taiwan’s overall efforts to reshape its tourism industry by luring more holiday-makers from Southeast Asia, who are now coming to the island in numbers close to the years before pandemic lockdowns kept people in their homes. Latest data from the Taiwan Tourism Administration show that total international arrivals in Taiwan had grown by 27.14 percent year-on-year in the first nine months of 2024 to 5.5 million. The figure, however, is still below the 8.8 million arrivals recorded during the same period in 2019, or before the pandemic. But zooming in, travelers from Southeast Asia had jumped by 10.5 percent in the January to September period to 1.68 million, already close to pre-COVID-19 level. Notably, Filipinos cornered the largest share of Southeast Asian visitors to the island after clocking in a 38.77-percent growth to 338,386—almost hitting the number recorded in the same nine-month period in 2019. “Taiwan is surrounded by mountains and seas, with rich and diverse natural landscapes. With the beautiful scenery, tourists can always find their inner peace by immersing themselves with the tranquility of Taiwan,” Cindy Chen, director of the Tourism Administration, tells the Inquirer in an interview during a familiarization tour on the island’s capital of Taipei. “With such reasons, tourists are eager to revisit Taiwan and discover its charm through different aspects,” Chen adds. Taipei 101 skyscraper This, in turn, is helping Taiwan’s economy that—albeit technology-focused and export-oriented—has a vibrant tourism sector that generates jobs for many people working in places like the famous night markets. ”Whether in big cities or small towns, from street food to fine dining, there are plenty of choices to satisfy different needs,” Chen says. As it is, Southeast Asian travelers are picking up the slack from the still weak number of Chinese visitors, who are now being outnumbered by travelers from the Philippines alone. Official data show that unlike in the past years when mainland China was the top source of international arrivals to Taiwan, the share of Chinese visitors to total foreign travelers to the island has shrunk to just around 5 percent. The Tourism Administration reports that only 293,235 Chinese from the mainland visited the island in the first nine months of 2024, coinciding with rising tensions in the Taiwan Strait. In early June, Taipei visitors can witness the annual Dragon Boat Festival. It thus makes perfect sense that Taiwan now sees the Philippines as an important market. Filipinos currently enjoy visa-free entry to Taiwan for up to 14 days. At the same time, Taiwan is the closest neighbor of the Philippines in the north, with major airlines offering flights between the two destinations. And Filipinos are making the most out of their visits. According to the latest data from the Tourism Administration, Filipinos stayed for an average of 6.31 nights in Taiwan—mostly for leisure—during the January to September period, albeit the shortest among Southeast Asian visitors. Night markets such as the most famous one in Shilin District And if you are planning a trip to Taiwan, Chen says holidaymakers from the Philippines may time their visit during the Dragon Boat Festival, which is generally held in early June around the summer solstice according to the Chinese lunar calendar. This year, the Taipei International Dragon Boat Championships held last June 8 to 10 at the picturesque Dajia Riverside Park in Zhongshan District in Taipei was a spectacular showcase of modern cityscape, riverside development and rich tradition that attracted skilled teams of rowers from Taiwan and around the globe. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . “Plenty of races will be organized from northern to southern Taiwan. There are more customs for tourists to experience during the holiday,” Chen says.
SYRACUSE, N.Y. (AP) — Kyle McCord threw for a season-high 470 yards with two touchdowns to lead Syracuse to a 31-24 win over UConn on Saturday. The win gives the Orange (8-3) their first eight-win regular season since 2018, and third since 2000. McCord completed 37-of-47 passes for his first 400-yard game this season. He opened the game with a 77-yard touchdown drive, spanning two plays in 50 seconds. The touchdown came on a 22-yard pass to Oronde Gadsden. McCord broke Syracuse’s all-time record for single-season passing yards with 4:12 remaining in the first half. He needed 273 yards and three touchdowns to pass Ryan Nassib. UConn (7-4) will end its season without a Power Four win after staying within 10 points of the Orange for all 60 minutes. The Huskies have ended each of their four Power Four games within one score of their opponent. Huskies running back Cam Edwards led UConn on the ground with 87 rushing yards, including a 71-yard touchdown dash in the first quarter. Quarterback Joe Fagnano finished the game with 228 passing yards and two touchdowns. UConn: Linebacker Jayden McDonald recorded a second-best 12 tackles, including a sack and tackle-for-loss. McDonald was the one of three Huskies to reach McCord for a sack. Syracuse: Eight receivers caught passes, with three recording over 100 yards each. Wide receivers Darrell Gill Jr. (177 yards) and Jackson Meeks (110) and tight end Oronde Gadsden (103 and a touchdown) combined for 390 receiving yards. Syracuse had 540 total yards to UConn's 352. UConn: Visits Massachusetts on Saturday Syracuse: Hosts No. 11 Miami on Saturday — Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballThe trunk of my old car is filled with tattered coats, sweatpants and stocking caps. You'll find holes if you look real close. But those clothes have come in handy in the chilly Treasure State, where so many of us take pride in making the most of challenging weather days. I think of the Montana defense the same way I do the 30-year-old wind pants I pull out of the trunk to wear while covering football games. Both have been largely underappreciated the last five weeks. On Saturday in Bozeman, the Griz defense surrendered 34 points against No. 2 Montana State, so nobody is going to be comparing that crew to Pittsburgh's Steel Curtain of 1975. Certainly fans of the maroon and silver had a lot of reasons to be flustered. But take a step back and consider Montana State possessed the ball for almost two-thirds of the first half. Then the Cats had some good field position in the first 13 minutes of the third quarter and Montana's defense refused to relent, clinging to hope despite a 20-3 deficit. "They chucked it down the field a few times and made two catches — it's not a high percentage play for them and we've gotta live with that," Montana coach Bobby Hauck said coming out of the locker room after halftime. "Other than that we're tackling well. I think we're playing pretty well on defense." The most prolific scoring team in the FCS was limited to 20 points through the first 43 minutes. Kudos to the Montana defense for its hustle and heart. It's just that the Grizzly offense, held scoreless in the first half at home last weekend against Portland State, was held to three points through three quarters in Bozeman against the best defense in the Big Sky Conference. Sure, we all expected Montana to do better in its 123rd annual rivalry game at MSU. Maybe at least score more than one touchdown with so much motivation. But give credit to Montana's defensive coaches for again coming up with a strong game plan against Montana State senior quarterback Tommy Mellott. And credit the defense for its vast improvement since giving up 55 points at home earlier this season to Weber State (4-8) and 49 at Eastern Washington (4-8). Not to beat a dead horse, but I can't help wondering how things might have been different had Clifton McDowell stayed around. The 6-foot-4, 220-pound quarterback led Montana to the FCS title game last December with a knack for picking up tough yards on the ground and doing just enough with his passing. He entered the transfer portal last winter for reasons unreported. Maybe he was looking for more NIL money. Maybe he disliked Montana's weather. You could say it's all ancient history now and doesn't matter. But it does matter. It matters a lot because Montana could have been much better. The banged-up Grizzlies need to regroup in a hurry now with a playoff game — likely at home — coming up next weekend. If the defense plays the way it did against the Bobcats, I like Montana's chances. But something needs to be done with the offense and I'm not even sure what it is at this point. Maybe go back to Keali'i Ah Yat at quarterback, assuming he's healthy, or give 6-4 sophomore Kaden Huot of Helena a few snaps. Montana has beaten only one conference team with a winning record (Northern Arizona), so maybe Griz fans should be grateful their guys are in the playoff mix with an 8-4 record. Any postseason success would feel like a bonus at this point. Speltz Get local news delivered to your inbox!
PORTLAND, Maine (AP) — Honey, they shrunk the catalogs. While retailers hope to go big this holiday season , customers may notice that the printed gift guides arriving in their mailboxes are smaller. Many of the millions of catalogs getting sent to U.S. homes were indeed scaled down to save on postage and paper, resulting in pint-sized editions. Lands’ End, Duluth Trading Company and Hammacher Schlemmer are among gift purveyors using smaller editions. Some retailers are saving even more money with postcards. Lisa Ayoob, a tech-savvy, online shopper in Portland, Maine, was surprised by the size of a recent catalog she received from outdoor apparel company Carbon2Cobalt. “It almost felt like it was a pamphlet compared to a catalog,” she said. Catalogs have undergone a steady recalibration over the years in response to technological changes and consumer behavior. The thick, heavy Sears and J.C. Penney catalogs that brought store displays to American living rooms slimmed down and gave way to targeted mailings once websites could do the same thing. Recent postal rate increases accelerated the latest shift to compact formats. The number of catalogs mailed each year dropped about 40% between 2006 to 2018, when an estimated 11.5 billion were mailed to homes, according to the trade group formerly known as the American Catalog Mailers Association. In a sign of the times, the group based in Washington rebranded itself in May as the American Commerce Marketing Association, reflecting a broadened focus. But don't expect catalogs to go the way of dinosaurs yet. Defying predictions of doom, they have managed to remain relevant in the e-commerce era. Retail companies found that could treat catalogs with fewer pages as a marketing tool and include QR and promo codes to entice customers to browse online and complete a purchase. Despite no longer carrying an extended inventory of goods, catalogs are costly to produce and ship. But they hold their own in value because of growing digital advertising costs, helping retailers cut through the noise for consumers barraged by multi-format advertisements, industry officials say. In an unlikely twist, notable e-commerce companies like Amazon and home goods supplier Wayfair started distributing catalogs in recent years. Amazon began mailing a toy catalog in 2018. That was the same year Sears, which produced an annual Christmas Wish Book Wish starting in 1933, filed for bankruptc y. Fans of printed information may rejoice to hear that apparel retailer J.Crew relaunched its glossy catalog this year. Research shows that the hands-on experience of thumbing through a catalog leaves a greater impression on consumers, said Jonathan Zhang, a professor of marketing at Colorado State University. “The reason why these paper formats are so effective is that our human brains haven’t evolved as fast as technology and computers over the past 10 to 20 years. We retain more information when we read something on paper. That's why paper books remain relevant," Zhang said. “The psychology shows that three-dimensional, tactile experiences are more memorable.” Pint-sized presentations still can work, though, because the purpose of catalogs these days is simply to get customers’ attention, Zhang said. Conserving paper also works better with younger consumers who are worried about the holiday shopping season's impact on the planet, he said. Postal increases are hastening changes. The latest round of postage hikes in July included the category with the 8.5-by-11-inch size that used to be ubiquitous for the catalog industry. Many retailers responded by reducing the size of catalogs, putting them in a lower-cost letter category, said Paul Miller, executive vice president and managing director of the American Commerce Marketing Association. One size, called a “slim jim,” measures 10.5 by 5.5 inches. But there other sizes. Some retailers have further reduced costs by mailing large postcards to consumers. Lands' End, for one, is testing new compact formats to supplement its traditional catalogs. This year, that included folded glossy brochures and postcards, along with other formats, Chief Transformation Officer Angie Rieger said. Maine resident Ayoob said she understands why retailers still use catalogs even though she no longer is a fan of the format. These days, she prefers to browse for products on the internet, not by flipping through paper pages. “Everybody wants eyeballs. There’s so much out there -- so many websites, so many brands,” said Ayoob, who spent 35 years working in department stores and in the wholesale industry. Targeting customers at home is not a new concept. L.L. Bean was a pioneer of the mail-order catalog after its founder promoted his famous “Maine Hunting Shoe” to hunting license holders from out-of-state in 1912. The outdoor clothing and equipment company based in Freeport, Maine, is sticking to mailing out regular-sized catalogs for now. “By showcasing our icons, the catalog became an icon itself,” L.L. Bean spokesperson Amanda Hannah said. "Even as we invest more in our digital and brand marketing channels, the catalog retains a strong association with our brand, and is therefore an important part of our omni-channel strategy, especially for our loyal customers.” David Sharp, The Associated PressSysco Corp. stock underperforms Wednesday when compared to competitors despite daily gains
Bago: The ‘farmer governor’ making the difference in food securityPORTLAND, Maine (AP) — Honey, they shrunk the catalogs. While retailers hope to go big this holiday season , customers may notice that the printed gift guides arriving in their mailboxes are smaller. Many of the millions of catalogs getting sent to U.S. homes were indeed scaled down to save on postage and paper, resulting in pint-sized editions. Lands’ End, Duluth Trading Company and Hammacher Schlemmer are among gift purveyors using smaller editions. Some retailers are saving even more money with postcards. Lisa Ayoob, a tech-savvy, online shopper in Portland, Maine, was surprised by the size of a recent catalog she received from outdoor apparel company Carbon2Cobalt. “It almost felt like it was a pamphlet compared to a catalog,” she said. Catalogs have undergone a steady recalibration over the years in response to technological changes and consumer behavior. The thick, heavy Sears and J.C. Penney catalogs that brought store displays to American living rooms slimmed down and gave way to targeted mailings once websites could do the same thing. Recent postal rate increases accelerated the latest shift to compact formats. The number of catalogs mailed each year dropped about 40% between 2006 to 2018, when an estimated 11.5 billion were mailed to homes, according to the trade group formerly known as the American Catalog Mailers Association. In a sign of the times, the group based in Washington rebranded itself in May as the American Commerce Marketing Association, reflecting a broadened focus. But don't expect catalogs to go the way of dinosaurs yet. Defying predictions of doom, they have managed to remain relevant in the e-commerce era. Retail companies found that could treat catalogs with fewer pages as a marketing tool and include QR and promo codes to entice customers to browse online and complete a purchase. Despite no longer carrying an extended inventory of goods, catalogs are costly to produce and ship. But they hold their own in value because of growing digital advertising costs, helping retailers cut through the noise for consumers barraged by multi-format advertisements, industry officials say. In an unlikely twist, notable e-commerce companies like Amazon and home goods supplier Wayfair started distributing catalogs in recent years. Amazon began mailing a toy catalog in 2018. That was the same year Sears, which produced an annual Christmas Wish Book Wish starting in 1933, filed for bankruptc y. Fans of printed information may rejoice to hear that apparel retailer J.Crew relaunched its glossy catalog this year. Research shows that the hands-on experience of thumbing through a catalog leaves a greater impression on consumers, said Jonathan Zhang, a professor of marketing at Colorado State University. “The reason why these paper formats are so effective is that our human brains haven’t evolved as fast as technology and computers over the past 10 to 20 years. We retain more information when we read something on paper. That's why paper books remain relevant," Zhang said. “The psychology shows that three-dimensional, tactile experiences are more memorable.” Pint-sized presentations still can work, though, because the purpose of catalogs these days is simply to get customers’ attention, Zhang said. Conserving paper also works better with younger consumers who are worried about the holiday shopping season's impact on the planet, he said. Postal increases are hastening changes. The latest round of postage hikes in July included the category with the 8.5-by-11-inch size that used to be ubiquitous for the catalog industry. Many retailers responded by reducing the size of catalogs, putting them in a lower-cost letter category, said Paul Miller, executive vice president and managing director of the American Commerce Marketing Association. One size, called a “slim jim,” measures 10.5 by 5.5 inches. But there other sizes. Some retailers have further reduced costs by mailing large postcards to consumers. Lands' End, for one, is testing new compact formats to supplement its traditional catalogs. This year, that included folded glossy brochures and postcards, along with other formats, Chief Transformation Officer Angie Rieger said. Maine resident Ayoob said she understands why retailers still use catalogs even though she no longer is a fan of the format. These days, she prefers to browse for products on the internet, not by flipping through paper pages. “Everybody wants eyeballs. There’s so much out there -- so many websites, so many brands,” said Ayoob, who spent 35 years working in department stores and in the wholesale industry. Targeting customers at home is not a new concept. L.L. Bean was a pioneer of the mail-order catalog after its founder promoted his famous “Maine Hunting Shoe” to hunting license holders from out-of-state in 1912. The outdoor clothing and equipment company based in Freeport, Maine, is sticking to mailing out regular-sized catalogs for now. “By showcasing our icons, the catalog became an icon itself,” L.L. Bean spokesperson Amanda Hannah said. "Even as we invest more in our digital and brand marketing channels, the catalog retains a strong association with our brand, and is therefore an important part of our omni-channel strategy, especially for our loyal customers.”
Swiss National Bank Lowers Position in Applied Industrial Technologies, Inc. (NYSE:AIT)AP Sports SummaryBrief at 7:07 a.m. EST