Nasdaq Welcomes Upwork Inc. (Nasdaq: UPWK) to The Nasdaq Stock Market

NEW YORK,  (GLOBE NEWSWIRE) — Upwork Inc. (Nasdaq: UPWK), the largest global freelancing platform where businesses and independent professionals connect and collaborate remotely, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

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Source: NASDAQ

 

Nasdaq to Acquire Cinnober

STOCKHOLM, Sweden, Sept. 14, 2018 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ), a leading global provider of trading, clearing, exchange technology, listing, information and public company services today announced that it has made an USD 190m1 all cash recommended public offer to the shareholders and warrant holders of Cinnober (Nasdaq First North: CINN), a major Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure technology providers.

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Source: NASDAQ

 

Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date August 15, 2018

NEW YORK, (GLOBE NEWSWIRE) — At the end of the settlement date of July 31, 2018, short interest in 2,368 Nasdaq Global MarketSM securities totaled 7,262,547,835 shares compared with 7,298,561,701 shares in 2,353 Global Market issues reported for the prior settlement date of July 13, 2018. The end-of-July short interest represents 4.88 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.42 days for the prior reporting period.

Short interest in 908 securities on The Nasdaq Capital MarketSM totaled 1,118,675,308 shares at the end of the settlement date of July 31, 2018, compared with 1,146,739,509 shares in 896 securities for the previous reporting period. This represents 3.42 days average daily volume, compared with the previous reporting period’s figure of 3.65.

In summary, short interest in all 3,276 Nasdaq® securities totaled 8,381,223,143 shares at the July 31, 2018 settlement date, compared with 3,249 issues and 8,445,301,210 shares at the end of the previous reporting period. This is 4.61 days average daily volume, compared with an average of 4.30 days for the previous reporting period.

The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations.  A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.

 

 

Disclaimer: Kevin Surbaugh distributes Youngevity (YGYI) as an independent sales representative and has investments in the publicly traded company.  He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

UPDATE — Energy Producer Statkraft to Integrate Nasdaq’s SMARTS for Trade Surveillance

STOCKHOLM, Sweden,  (GLOBE NEWSWIRE) — Statkraft, Europe’s largest producer of renewable energy has selected Nasdaq’s (NASDAQ: NDAQ) SMARTS Trade Surveillance to monitor trading behavior across power markets in the EU and Norway, in line with the Market Abuse Regulation (MAR).

SMARTS energy solution deepens client base and product offering

Statkraft’s decision adds to a growing community of energy corporations and utilities across the Americas, Europe and Asia using SMARTS to enhance their trade monitoring and contribute to bolstering the integrity of the global energy markets. These include Iberdrola Generacion, ScottishPower Energy Management, Avangrid Renewables, Koch Supply & Trading and Engelhart Commodity Trading Partners, and others across the oil and gas value chain, which includes upstream and downstream sectors as well as power market participants.

“As cross-jurisdiction regulation continues to constantly evolve, energy companies are under increased pressure to have in place flexible surveillance technology to keep up with new rules and requirements,” said Valerie Bannert-Thurner, SVP and Head of Risk & Surveillance Solutions, Nasdaq. “We have invested in our energy surveillance technology to allow our clients such as Statkraft to scale their surveillance capabilities as their business expands into new asset classes and geographies, while also addressing important regulatory demands. We look forward to a successful and long-term relationship with Statkraft.”

SMARTS continues to invest further in its energy capabilities, including deep behavioral analysis of trading across MAR-regulated venues, which further enhances OTC monitoring of physical and related contracts across multiple exchanges and venues. SMARTS Trade Surveillance for Energy sits on a drop copy network of energy exchanges allowing it to ingest private trade and order data with minimal technical requirements on its clients.

As the industry benchmark for real-time and T+1 cross-market surveillance platforms, Nasdaq’s SMARTS surveillance technology automates the detection, investigation and analysis of potentially abusive or disorderly trading, to help improve the overall efficiency of the surveillance organization and reduce cost, even as market complexity and new regulations increase. These solutions are used to power monitoring for more than 45 marketplaces, 17 regulators and 140+ market participants, including several buy-side institutions, across 65 countries.     Source: NASDAQ

Cannabis Strategic Ventures, Inc. (NUGS) Does Deal for Clean Cannabis as New Regulations Take Effect

(Cannabis News Wire/Network News Wire) —

  • New regulations mandate cleaner, safer cannabis
  • Cannabis concentrate extraction deal with CGMP-compliant facility
  • Launchof Pure Organix with vape pen cartridges
  • Appointment of CPG-experienced board member

The deal that Cannabis Strategic Ventures, Inc. (OTC: NUGS) recently struck with Sunniva Inc. comes at a crucial time in the California cannabis industry. On July 1, new, stricter regulations came into force that caused quite a kerfuffle; retailers were forced to sell off non-compliant products in what has been labelled a “fire sale” of cannabis. As the industry develops, California state authorities appear to be building a robust regulatory regime, which will put a premium on quality products like those marketed by NUGS. The company plans to introduce a line of branded cannabis extract products under the name ‘Pure Organix’.

Regulation of cannabis in California has had a long history. The state was the first to legalize cannabis for medical purposes after it passed the Compassionate Use Act in 1996, but a lot has happened since then. In June 2017, an attempt to consolidate and streamline regulations was made with the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA). Now, under MAUCRSA, there are three state agencies responsible for regulating and licensing cannabis operators: the California Department of Food and Agriculture (CDFA), which regulates cultivators, processors, and nurseries; the California Department of Public Health’s (CDPH) Manufactured Cannabis Safety Branch, which regulates cannabis manufacturers; and the Bureau of Cannabis Control (BCC), which regulates distributors, retailers, delivery-only retailers, microbusinesses, temporary cannabis events and laboratories.

In November 2017, these three agencies released their emergency regulations and licensing requirements. They also announced a transition period during which cannabis businesses would be allowed to, in effect, disregard the new regulations. That transition period ended on June 30, 2018, commencing the new regulatory regime on July 1, 2018.

Now, among other restrictions, the following apply: untested cannabis goods cannot be sold by a retailer and must be destroyed, and those manufactured or harvested before January 1, 2018, in possession of a distributor that are owned by the distributor, will have to be destroyed. Moreover, all cannabis goods must be in child-resistant packaging; simply having child-resistant exit or secondary packaging is no longer enough. In addition, edible cannabis goods may no longer exceed 10 milligrams of THC per serving or 100 milligrams of THC per package, and non-edible cannabis products must not contain more than 1,000 milligrams of THC per package in the adult-use market (http://nnw.fm/712mA). Essentially, California is requiring shops to sell only marijuana that has been tested for pesticides, potency and microbiological contaminants.

The arrangement between Cannabis Strategic Ventures and Sunniva involves subsidiary companies (http://nnw.fm/8LnKU). Under it, CP Logistics, LLC (CPL), a wholly owned subsidiary of Sunniva, will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for Pure Applied Sciences, Inc. (PAS), Cannabis Strategic’s wholly owned subsidiary. The agreement calls for CPL to initially produce cannabis oils for use in PAS vape pen cartridges, which PAS will market under the Pure Organix™ brand, and expansion into other product areas is expected.

The new initiative will be given added impetus with the appointment of Chris Young, co-founder of PAS, to the board of directors of Cannabis Strategic Ventures (http://nnw.fm/38Cls). Young, who holds a JD from Southwestern Law and an MBA from the University of Southern California, has already built and exited two successful ventures. First, he founded a women’s fashion brand, which was sold two years later. Then, he co-founded Coordinates Collection, a luxury jewelry brand that’s marketed to over 500 stores in 10 countries. After his second successful exit, Young moved on to become a strategy and branding consultant developing consumer packaged goods (CPG) products for celebrity-led brands.

 

Youngevity Enters Cannabis Market with Hemp FX™ Product Line

YGYI, Inc. (YGYI), a leading omni-direct lifestyle company, introduced their new Hemp FX™ product line at their 2018 Convention in San Diego, Calif. These cannabis products are comprised of three new proprietary blends of hemp-derived cannabinoid products (Soothe™, Relax™, and Uplift™).  A limited quantity of the three new formulas was available for Pre- Sale purchase to attendees at Youngevity’s Convention and quickly sold-out at the event.  Youngevity’s Hemp FX™ products will be available for purchase to the public soon with the official launch date to take place by October 2018.

To be alerted and notified about the upcoming official launch and to learn more about Youngevity’s Hemp FX product line, visit hempfx.com.

Newcomer to Cannabis

Youngevity gets into $7.7 billion Cannabis market
Youngevity introduces Hemp FX™ Product Line

For 21 years, Youngevity has prided itself on developing the highest-quality and most well-researched nutritional products. Each formula in the Hemp FX product line combines an exclusive source of organically grown hemp-derived cannabinoids (cannabis) with Youngevity signature nutrients.

 

Soothe™

contains a proprietary hemp-derived cannabinoid oil, as well as a variety of herbs, minerals, and a powerful antioxidant – glutathione.  Soothe™ supports a healthy immune system and soothes sore, tired, and achy muscles and joints.

Relax™

features the same hemp-derived cannabinoid oil found in Soothe™, combined with the relaxing botanicals chamomile, lavender, valerian, and melatonin –for its sleep-supporting benefits.

Uplift™

takes Youngevity’s exclusive hemp-derived cannabinoid oil and combines it with St. John’s Wort and a specialized set of natural terpenes (cannabinoid enhancers).

The cannabidiol market is expected to see significant growth in the immediate future. Direct Selling News recently reported that “According to recent data published by Forbes, citing Brightfield Group, the global cannabis market is projected to reach $31.4 billion by 2021. By end of 2017, the global market value was estimated at $7.7 billion.”

With validation from independent 3rd party testing and the growing market, the (cannabis) Hemp FX products have the capacity to transform the nutritional industry and Youngevity’s consumer base. Youngevity CEO, Steve Wallach states,

“Hemp-derived cannabidiol aligns with what we do very well. We’ve taken what we know about essential nutrients, along with decades of knowledge specializing in natural, plant-based nutrition and their most beneficial nutrients and put that knowledge to work to develop high-end cannabidiol products.”

 

 

 

 

Disclaimer: Kevin Surbaugh distributes Youngevity (YGYI) as an independent sales representative and invests in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

Kroger Technology Partners with the University of Cincinnati to Drive Innovation and Develop Talent

CINCINNATI, OH(PRNewswire) — The Kroger Co. (NYSE: KR) today announced it has signed an agreement with the University of Cincinnati (UC) to operate an innovation lab within the school’s 1819 Innovation Hub.

“Kroger’s new partnership with the University of Cincinnati is one more way we are investing to create the now and future of retail,” said Chris Hjelm, Kroger’s executive vice president and chief information officer. “This innovative collaboration is driven by Restock Kroger and provides the Kroger Technology team another creative space to partner and develop solutions to redefine the grocery customer experience.”

The 1819 Innovation Hub is located within the Uptown Innovation Corridor and serves as a beacon of community innovation and impact in partnership with higher education. The recently-opened state-of-the-art space is the region’s newest destination for thinking, making, doing, discovery and delivery.

Kroger will staff the 1819 Innovation Hub with resources, including R&D engineers and software developers, alongside UC faculty. The partnership will also feature a dynamic student co-op and internship program.

“The 1819 Innovation Hub is a coworking community where we will build and discover the next generation of technology and talent,” continued Mr. Hjelm. “Our vision is to create a talent pipeline that supports our business and positions the region as a place for digital and technology students and professionals.”

Innovation Agenda

UC’s Innovation Agenda, as part of President Neville G. Pinto’s new strategic direction, recognizes that people have choices when they decide to locate, and that proximity to other like-minded individuals is often critical to the decision-making process. By providing a place where innovative people and companies can thrive together in today’s rapid pace of change, Cincinnati becomes one of those cities chosen for location.

“As the anchor tenant of our burgeoning innovation district, UC’s 1819 Innovation Hub is a microcosm of the bigger picture,” said David J. Adams, University of Cincinnati’s chief innovation officer. “Companies are choosing to co-locate here with us for proximity and access to the talent that a major research university provides. As the district comes to life with residential and retail options, the mix of students, faculty, industry, and community that you see in our knowledge action center today will spill out into the surrounding neighborhood, making innovation a visual place in Cincinnati.”

Pinto adds, “Working with a hometown company and one of the world’s largest retailers gives our university an opportunity to make an impact not only locally but also globally. This is the kind of partnership that allows our students and faculty to work on real-world challenges in a cross-disciplinary way while offering our corporate partners added value with access to talent, expertise, research, creativity, and specialized equipment and technology.”

The 1819 Innovation Hub boasts a 12,000-square-feet makerspace and micro-factory, and state-of-the-art classrooms and multi-purpose rooms. The space officially opened earlier this week for the fall semester. Kroger’s 2,500-square-feet innovation lab will be located on the third floor of the four-story building. Construction is underway, and the company’s space is expected to be complete in October.

Proud Partner

Kroger Technology is a proud partner with the Cincinnati USA Regional Chamber’s “Cincy is IT” initiative to attract top tech talent to the region. The company also supports Cincinnati-based Cintrifuse – a public-private partnership established to drive the next phase of growth for the Midwest region through innovation enabled and delivered by startups – including sponsoring an executive-in-residence.

Earlier this summer, Kroger announced its digital headquarters in downtown Cincinnati with plans to increase its current digital team of 500 associates to 1,000 by 2020.

Last June, Kroger Technology was named one of the best places to work in IT by Computerworld.

 

 

 

Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

Amazon Announces New Fulfillment Center in Spokane

SEATTLE, WA — (BUSINESS WIRE) —Amazon.com, Inc. (NASDAQ: AMZN) today announced plans to open in Spokane its first fulfillment center in Eastern Washington, creating more than 1,500 full-time jobs with benefits starting on day one. Amazon currently employs more than 50,000 people across the state at its headquarters in Seattle and facilities supporting customer fulfillment in DuPont, Kent, and Sumner. The company has invested more than $37 billion in Washington State, including infrastructure and compensation to its teams from 2011-2017.

“We’re excited to open a new, state-of-the-art fulfillment center in Spokane and to continue innovating in our home state,” said Mark Stewart, Amazon’s Vice President of North America Customer Fulfillment. “Washington is known for providing great opportunities for jobs and customer experience, and we are grateful to the dedicated local and state officials and teams who came together to support Amazon in bringing a new fulfillment center to Eastern Washington.”

Amazon employees at the more than 600,000-square-foot fulfillment center will work alongside Amazon Robotics to pick, pack and ship items to customers such as games, housewares, school supplies and pet toys.

“More than 1,500 jobs are coming to Spokane thanks to this important project,” Governor Jay Inslee said. “Congratulations to Amazon and all the local partners who have worked so hard to bring these exciting job opportunities to the region.”

“We are excited to have Amazon join our business community with a significant financial investment and new employment opportunities,” said Al French, Spokane County Commissioner for West Spokane. “Amazon is another Fortune 100 company to see Spokane as a critical part of their success and want to be part of Spokane’s growth.”

Full-time employees at Amazon receive competitive hourly wages and a comprehensive benefits package including health insurance, disability insurance, 401(k) and company stock awards starting on day one. The company also offers up to 20 weeks of paid parental leave and innovative benefits such as Leave Share and Ramp Back, which give new parents flexibility with their growing families.

“Amazon’s decision to build their new facility format in our community validates the innovative vision of leaders from Spokane County, the City of Spokane and Spokane International Airport to create the first County-City PDA in the state. The West Plains/Airport Area PDA enabled the public-private partnership necessary to make this site work for our newest corporate partner,” said Larry Krauter, Chairman of the West Plains/Airport Area Public Development Authority. “The West Plains/Airport Area PDA is committed to Amazon’s long-term success as we view their project as the first in a series of developments that will benefit from the unique combination of air, rail, and surface transportation infrastructure with available land in the airport area.”

Amazon offers full-time employees innovative programs like Career Choice, where the company will pre-pay up to 95 percent of tuition for courses related to in-demand fields, regardless of whether the skills are relevant to a career at Amazon. Since the program’s launch, over 16,000 employees have pursued degrees in game design and visual communications, nursing, IT programming and radiology, to name a few.

The project is being developed by Trammell Crow Company and was made possible by Greater Spokane Incorporated, The West Plains/Airport Public Development Authority, Spokane County and Spokane International Airport.

 

Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

JetBlue Selects Airbus A220-300 as Key Component of Its Next Generation Fleet

Business Wire


New York, NY – JetBlue (NASDAQ:JBLU) today announced it has ordered 60 Airbus A220-300 aircraft – previously called the Bombardier CS300 – for delivery beginning in 2020, with the option for 60 additional aircraft beginning in 2025. The aircraft will be powered by Pratt & Whitney Geared Turbofan (GTF) PW1500G engines. The order follows JetBlue’s intensive review aimed at ensuring the best financial performance of the airline’s fleet while providing maximum flexibility to execute its network strategy and enhancing its industry-leading customer experience.

As part of the agreement, JetBlue has also reshaped its Airbus orderbook, including converting its order for 25 A320neos to the A321neo and adjusting the delivery schedule.

“We are evolving our fleet for the future of JetBlue, and the A220-300’s impressive range and economics offer us flexibility and support our key financial and operating priorities,” said Robin Hayes, chief executive officer, JetBlue. “As we approach our 20th anniversary, the A220, combined with our A321 and restyled A320 fleet, will help ensure we deliver the best onboard experience to customers and meet our long-term financial targets as we continue disciplined growth into the future.”

“JetBlue’s selection of the A220 aircraft as a complement to its growing A320 Family fleet is a tremendous endorsement – both of the A220 itself and of the way these two aircraft can work together to provide airline network flexibility and a great customer experience,” said Eric Schulz, chief commercial officer for Airbus. “JetBlue will be able to leverage the unbeatable efficiency of both the A321neo and the A220-300, as well as taking advantage of the roomiest and most customer-pleasing cabins of any aircraft in their size categories.”

“We’re honored by JetBlue’s confidence in selecting the A220-300 aircraft which adds to their existing order of the A320neo family of aircraft both powered by the Pratt & Whitney GTF engine,” said Chris Calio, president of commercial engines at Pratt & Whitney. “We’ve been powering JetBlue with our V2500® engines since they started operations in 2000. We now look forward to also supporting JetBlue across their two new fuel-efficient, next-generation aircraft platforms.”

State-of-the-Art Technology & Enhanced Customer Experience

The A220-300’s spacious and comfortable cabin makes it the perfect fit for JetBlue, which has consistently led U.S. airlines in the onboard experience. The A220’s cabin design offers customers the best inflight experience with wider seats, spacious overhead bins and extra-large windows that offer a great view from the sky and on the ground.

The aircraft’s advanced aerodynamics combined with a specially designed Pratt & Whitney engine help the aircraft deliver approximately 40 percent lower fuel burn per seat than JetBlue’s current E190 fleet, a reduced noise footprint and decreased emissions.

Thorough Analysis Determined Path to Greatest Value

JetBlue conducted a comprehensive review of multiple options for its 100-seat aircraft. In addition to its financial analysis, JetBlue invited frontline leaders and crewmembers, including technical operations, to evaluate the aircraft in person at JetBlue’s JFK hangar.

JetBlue plans to phase in the A220-300 as a replacement for JetBlue’s existing fleet of 60 Embraer E190 aircraft. The aircraft’s range and seating capacity will add flexibility to JetBlue’s network strategy as it targets growth in its focus cities, including options to schedule it for transcontinental flying. The aircraft also opens the door to new markets and routes that would have been unprofitable with JetBlue’s existing fleet.

“We expect the A220 to be an important long-term building block in our goal to deliver superior margins and create long-term shareholder value,” said Steve Priest, executive vice president and chief financial officer, JetBlue. “We are confident the A220 will perform well in every aspect, including network, cost, maintenance, or customer experience. Simply put – our crewmembers, customers and owners are going to love this aircraft.”

While the E190 has played an important role in JetBlue’s network since 2005, the airline’s fleet review determined that the A220’s economics would allow the airline to lower costs in the coming years. The A220 was designed by previous manufacturer Bombardier to seat between 130 and 160 customers, enabling financial and network advantages over the current 100-seat Embraer configuration.

Seamless Transition With Built-In Flexibility

“The diligence that went into this analysis from teams across JetBlue speaks to the aircraft’s importance for the next generation of our airline,” Priest said. “We expect a seamless transition, and we’ve worked with Airbus and Bombardier to build in maximum flexibility to the order book as market conditions shift over time.”

JetBlue plans to take delivery of the first five aircraft in 2020, the airline’s 20th year of service. Deliveries will continue through 2025. JetBlue expects it will begin to reduce flying with its existing fleet of E190 aircraft beginning in 2020. The phase out will continue gradually through approximately 2025.

Options for 60 additional aircraft begin in 2025, and JetBlue retains flexibility to convert certain aircraft to the smaller A220-100 if it chooses. Both members of the A220 Family share commonality in more than 99 percent of their replaceable parts as well as the same family of engines.

JetBlue’s A220 aircraft will be assembled in Mobile, Ala.

Conference Call

JetBlue will conduct an analyst and media conference call to discuss the aircraft purchase agreement on Wednesday, July 11, at 10 a.m. Eastern Time. A live broadcast of the conference call will also be available via the internet at http://investor.jetblue.com. An analyst Q&A, followed by a media Q&A, will be held at the end of the call. Credentialed reporters can request access from JetBlue Corporate Communications, corpcomm@jetblue.com.

About JetBlue Airways

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 40 million customers a year to 102 cities in the U.S., Caribbean, and Latin America with an average of 1,000 daily flights. For more information please visit jetblue.com.