Cooperative

Landus to Transform Farm Cooperative with Launch of Farmer-Owned Technology Platform

Retrieved on: 
tisdag, april 30, 2024
Agriculture, Conduit, Insurance, Element, Knowledge, Farmer, Cooperative, Real estate

"Cooperatives have been offering the same dependable support to farmers for the past 100 years and Landus will continue to honor that tradition.

Key Points: 
  • "Cooperatives have been offering the same dependable support to farmers for the past 100 years and Landus will continue to honor that tradition.
  • While Landus and its farmer-owners will be the majority investors, Conduit investors will also include individual farmers, Landus and Conduit employees, and mission-aligned partners.
  • As part of this new platform, Landus has brought on Amol Deshpande as an advisor.
  • Farmer and Landus Board Chair Matt Chambers says, "Farmers today are expecting greater speed and agility with products and services.

Global Gift Card and Incentive Card Market Intelligence Service 2024 - ResearchAndMarkets.com

Retrieved on: 
måndag, april 29, 2024
Retail, Other Consumer, Other Retail, Consumer, Aldi, Lidl, City, Fintech, Apple Pay, Sainsbury, Sainsbury's, Google Pay, Digital, M&S, Acquisition, Boot, Dunnes Stores, Next, Cooperative, Growth, TK Maxx, Online shopping

The "Global Gift Card and Incentive Card Market Intelligence Databook Subscription - Q1 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Gift Card and Incentive Card Market Intelligence Databook Subscription - Q1 2024" report has been added to ResearchAndMarkets.com's offering.
  • Global gift card industry is expected to grow by 7.9% on annual basis to reach US$555.8 billion in 2024.
  • The gift card poised for strong growth over the medium term in the global market.
  • Notably, the Aberdeen Gift Card and the ShopLK Gift Card were among the most successful local gift card programs in the United Kingdom and Ireland, respectively.

Pizza Hut Puts Good on Its Menu with Investments in Sustainably Sourced Cheese with Dairy Farmers of America

Retrieved on: 
måndag, april 22, 2024
Environment, Technology, Software, Sustainability, Restaurant, Bar, Food, Beverage, Agriculture, Supply Chain Management, Retail, Natural Resources, Cheese, Methane, Investment, Milk, Climate, DFA, Animal, Partnership, Water, Farmer, Pizza Hut, Senior, Yum, Farm, GHG, Multimedia, Dairy Farmers of America, Hut, Cooperative, Dairy

The collaboration is producing positive results among participating farmers including a 10% decrease in GHG emissions intensity from the milk used in the production of Pizza Hut cheese.

Key Points: 
  • The collaboration is producing positive results among participating farmers including a 10% decrease in GHG emissions intensity from the milk used in the production of Pizza Hut cheese.
  • The collaboration is producing positive results among participating farmers including a 10% decrease in GHG emissions intensity from the milk used in the production of Pizza Hut cheese.
  • “At Pizza Hut, we’ve always been focused on bringing the best pizza possible to our customers, starting with key ingredients like our cheese,” said Rachel Antalek, Pizza Hut Global Chief Food Innovation Officer.
  • A global leader in the pizza category, Pizza Hut operates more than 18,000 restaurants in over 100 countries.

FICO Score 10 T Adoption Reaches Significant Milestone by Serving $300 Billion in Eligible Mortgage Portfolios

Retrieved on: 
onsdag, april 17, 2024
Software, Banking, Accounting, Professional Services, Fintech, Technology, Residential Building & Real Estate, Artificial Intelligence, Construction & Property, Data Analytics, Finance, Consulting, Education, CCM, Capital market, AI, Dream, American Dream, Cooperative, FICO, Movement, Organization, Credit

FICO World – Today at FICO ® World, the industry's leading analytic and AI event, analytics software leader FICO (NYSE: FICO) announced a significant milestone in the adoption of FICO® Score 10 T by the mortgage industry.

Key Points: 
  • FICO World – Today at FICO ® World, the industry's leading analytic and AI event, analytics software leader FICO (NYSE: FICO) announced a significant milestone in the adoption of FICO® Score 10 T by the mortgage industry.
  • Since 2023, clients with over $100 billion in annualized mortgage originations and approximately $300 billion in eligible mortgage portfolio servicing have signed up for the FICO Score 10 T.
    Additionally, Liberty Home Mortgage is the latest to choose to adopt FICO® Score 10 T for non-conforming loans.
  • It joins a growing number of mortgage lenders embracing FICO’s newest, most innovative, and most predictive scoring model.
  • “We are seeing incredible momentum with lenders realizing the power of our most innovative and predictive score, FICO Score 10 T,” said Joe Zeibert, vice president of Mortgage and Capital Markets at FICO.

Pioneering Nuclear Technology Firm, Curio, Closes $14 Million Seed Round to Drive Clean Energy Innovation

Retrieved on: 
fredag, april 19, 2024
Public sector, DOE, GAIN, Converters (industry), PNNL, Partnership, PIA, Cooperative, CURIE, Primary energy, Radionuclide, ARPA, Oak Ridge National Laboratory, INL, Moskowitz, Renewable energy

WASHINGTON, April 18, 2024 /PRNewswire/ -- Curio Legacy Ventures, Inc., a Washington DC-based company dedicated to advancing a closed fuel cycle through innovative technologies like NuCycle®, a revolutionary nuclear waste recycling technology, proudly announces the successful closure of its seed round with a total haul of $14 million. This achievement signifies a significant step forward in the company's mission to establish clean nuclear power as a catalyst for global prosperity and sustainability.

Key Points: 
  • This achievement signifies a significant step forward in the company's mission to establish clean nuclear power as a catalyst for global prosperity and sustainability.
  • Our commitment to developing pivotal and transformational nuclear technologies for a closed and sustainable nuclear cycle underscores our belief in seizing the future of energy.
  • Clean nuclear power serves as the cornerstone of our mission, envisioning a world where the United States leads as the leading nuclear energy exporter and supplier of nuclear fuel, energy, and next-generation radioisotopes and nuclides."
  • Looking ahead, Curio plans to leverage the success of its seed round to bridge towards further development, expanding its portfolio of technology advancements.

MindWare Introduces Ziggurat, a Legacy-Style Cooperative Game

Retrieved on: 
torsdag, april 11, 2024
Oriental Trading Company, Book, Partnership, Cooperative, Entertainment

ROSEVILLE, Minn., April 11, 2024 /PRNewswire-PRWeb/ -- MindWare, a leading manufacturer of brainy toys and games, has announced the release of Ziggurat, a legacy-style cooperative board game. Ziggurat offers a unique way for families and newcomers to experience the excitement of a legacy game as they work together to face challenges revealed through six chapters of play.

Key Points: 
  • MindWare launches new legacy game Ziggurat in partnership with renowned game creators Matt Leacock, Rob Daviau and noted illustrator Cory Godbey to bring a new dimension to family board games.
  • ROSEVILLE, Minn., April 11, 2024 /PRNewswire-PRWeb/ -- MindWare, a leading manufacturer of brainy toys and games, has announced the release of Ziggurat, a legacy-style cooperative board game.
  • We were thrilled to enter this collaboration with Matt Leacock and Rob Daviau, knowing they would blow us away with a unique and exciting game experience.
  • With the addition of amazing illustrations from Cory Godbey, this game is a must-have for so many reasons," stated Jonathan Staruck, General Manager of MindWare.

A new measure of firm-level competition: an application to euro area banks

Retrieved on: 
torsdag, april 18, 2024
Glass, RPD, Journal of Economic Perspectives, Goldberg, Employment, Lead, Competition, SCP, Research Papers in Economics, TCF, Intuition, Laboratory, Euromoney, Bank of Canada, Calendar, International political economy, Manufacturing, Oxford Economic Papers, Harvard University Press, Paper, Linearity, R2, Environment, Delicatessen, System, Website, Panzar, Working paper, World Bank, Elzinga, Friends, Madiga, CPB, Investment, Lerner index, Statistics, Croatian National Bank, PDF, Elsevier, ECB, Industrial organization, Policy, Social science, JEL, Operations research, Internet, Journal, Research, Literature, European Central Bank, Journal of Economic Surveys, MRP, Commercial, Section 5, Financial intermediary, Ministry of Social Affairs, Elasticity, National bank, Government, Developed country, Cell, Tarazi, Wealth, Publishing, Springer Nature, Prudential, Marketing, Law, The Economic Journal, Lerner, L16, Business economics, OECD, International Monetary Fund, Section 4, Database, Section 3, Krieger, EMU, Section 2, Pressure, Central bank, Economics Letters, Bank, Jorgenson, Character, Sparkassen-Finanzgruppe, Life, EDS, American Economic Review, K2, Appendix, Applied economics, CEE, Palgrave Macmillan, Livret A, Bell Labs, GDP, Part, Country, Public policy, De Economist, Management, Publication, Motivation, Cooperative, Reproduction, IMF, Edward Elgar Publishing, Housing, Handbook, G21, Real estate

Abstract

Key Points: 
    • Abstract
      This paper extends Boone (2008) by introducing a competition measure at the individual
      firm level rather than for an entire market segment.
    • We apply this extended Boone indicator to individual bank-level competition
      in the loan market in the four largest euro area countries and Austria.
    • Our new measure of firm-level competition enriches and complements
      other competition measures and provides a promising starting point for future market
      power analyses.
    • The only measure among non-structural measures that is based on the
      concept of competition as a process of rivalry is the Boone (2008) indicator.
    • We introduce
      a new performance measure of competition by extending the Boone indicator to the
      individual firm level.
    • Introduction
      The ability to reliably measure competition is valuable to researchers, analysts, and
      policymakers, especially antitrust authorities, financial supervisors, and central banks.
    • One broad
      category of indicators often used to measure competition are structural competition
      measures, such as static concentration measures, and dynamic measures, e.g., entry and
      exit rates.
    • Out of these measures, the only measure based on the
      concept of competition as a process of rivalry is the Boone indicator.
    • This study introduces a new performance measure of competition by extending the
      Boone indicator to the individual firm level.
    • It thus measures the
      increase in profits in percent of one percentage point increase in efficiency, with marginal
      costs as measure of efficiency.
    • We extend the theoretical
      underpinning of the measurement of competition for the entire market of Boone (2008) by
      a new measure of individual firm-level competition.
    • A concern of the literature is the gap
      between the practical application and the theoretical framework of Boone (2008).
    • We introduce within the same theoretical
      framework a new measure of competition on firm level, the MRP.
    • Our new
      measure significantly augments the antitrust evaluative framework by shedding light on
      whether a merger results in a less competitive market.
    • Our novel indicator focuses on
      firms? incentives to enhance their relative efficiency, as manifested in the elasticity
      between relative profits and efficiency.
    • However, an inefficient firm that is foreclosed could be more
      competitive than the larger efficient firm that relies on its scale economies.
    • Our new metric of competition unveils
      banks? ability to influence their profitability in the short term by cutting costs relative to
      their peers.
    • The new MRP indicator provides the ability to assess the impact
      of individual banks? competitiveness on their interest rate-setting behaviour in loan
      markets.
    • Incorporating this information promises a more refined understanding of the impact and
      timing of monetary policy rates changes on the real economy.
    • Section 3 introduces within the Boone
      (2008) theoretical framework our new measure of individual firm-level competition,
      including the interpretation of the MRP.
    • Section 4 provides an application of our new
      ECB Working Paper Series No 2925

      6

      individual firm-level competition measure to the loan market.

    • The StructureConduct-Performance paradigm (SCP) provides a traditional framework in the field of
      industrial organization for analysing competition behaviour in markets.
    • Concentrated
      markets ease the possibilities to collude implicitly or explicitly and therefore concentrated
      markets result in higher prices and profits.
    • For example, a tougher competition
      setup may lead to a reallocation of market shares, potentially forcing some firms to exit
      the market.
    • This approach gives firms? strategic behaviour
      central stage and focuses on the strategic interaction on prices and quantities, known as
      conjectural variation.
    • Another measure from
      this strand of literature is the H-statistic developed by Panzar and Rosse (1987).
    • The only competition measure from this performance literature where competition is the
      outcome from a process of rivalry is the Boone indicator.
    • A continuous and monotonically increasing relationship exists between
      RPD and the level of competition if firms are ranked by decreasing efficiency.
    • (2013) compare the Boone indicator with the price-cost margin
      and conclude that the profit elasticity is a more reliable measure of competition.
    • The high
      elasticity of profits to efficiency unequivocally indicates that the high market shares and
      therefore high profits are due to high efficiency.
    • A firm that quickly passes changes to the input prices is seen as a price
      taker with little market power.
    • Indicators of competition tend to measure different phenomenon and may provide
      conflicting messages, as reported for European banking by Carbo et al.
    • Application 2: Test the ?quiet life? and related market structure hypotheses using the
      MRP as competition or market structure measure.
    • Data
      Our application to individual bank-level competition in the euro area loan market uses
      balance sheet and income statement data from the Moody?s Analytics BankFocus for the
      calendar years 2013-2020.
    • As such, most publications
      on competition in the euro area includes the largest four member states.
    • Due to these restrictions the database was reduced to an unbalanced panel of up to 1862
      banks (depending on the year) from five euro area countries.
    • Application 1: Measure bank competition using MRP
      Looking at the distribution of the MRP for individual banks (Fig.
    • A similar finding for the four largest euro area countries as a group is
      reported in Carbo et al.
    • Application 2: Test of market structure hypotheses using MRP
      Our new measure of individual-bank competition can be used to test market structure
      theories.
    • Euro area banks? market power,
      lending channel and stability: the effects of negative policy rates, European Central Bank
      Working Paper, 2790 (February).
    • A
      new approach to measuring competition in the loan markets of the euro area, Applied
      Economics, 43 (23), 3155?3167.
    • Impact of bank competition on the interest rate pass-through in the euro area, Applied
      Economics, 45 (11), 1359?1380.

Safer roads in Ireland with Connected Vehicles milestone

Retrieved on: 
onsdag, april 10, 2024
Transport Infrastructure Ireland, Transport Systems, Kapsch, Congestion, Network intelligence, EVP, Traffic management, M1, Cooperative, Responsibility, TII, Safety, Management system, M50, NIMS, Obstruction, State, Road

Vienna/Dublin, March 19, 2024 – Ireland's NIMS (Network Intelligence and Management System) initiative is launching a C-ITS pilot project to increase traffic safety.

Key Points: 
  • Vienna/Dublin, March 19, 2024 – Ireland's NIMS (Network Intelligence and Management System) initiative is launching a C-ITS pilot project to increase traffic safety.
  • Since January 2024, C-ITS is fully integrated into the operational Traffic Management solution NIMS providing information to roadusers in realtime.
  • C-ITS allows the exchange of data between vehicles, infrastructure and authorities.
  • The NIMS project, of which Kapsch TrafficCom is a part since 2020, has a financial scope in the low double-digit million range.

Climate First Bank Initiates Next Phase of Growth with Capital Raise Season

Retrieved on: 
tisdag, april 2, 2024
Online, Health, HR, Growth, Letter, FDIC, Education, Bank, Climate, Cooperative, De novo

ORLANDO, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- Climate First Bank , the world’s first FDIC-insured community bank founded to combat the climate crisis, today announces, through its holding company Climate First Bancorp, its latest round of capital raise to boost values-based banking efforts and initiatives across the nation supporting the company’s growth plans.

Key Points: 
  • ORLANDO, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- Climate First Bank , the world’s first FDIC-insured community bank founded to combat the climate crisis, today announces, through its holding company Climate First Bancorp, its latest round of capital raise to boost values-based banking efforts and initiatives across the nation supporting the company’s growth plans.
  • The Bank is headed into its third year of operation and is poised to exit de novo status in June 2024, allowing it to fully scale services outside Florida.
  • Climate First Bancorp will run the capital raise campaign through September 2024 and funds are anticipated to be put toward initiatives like mission-driven technology, climate-focused loan solutions, values-aligned products and future acquisitions to accelerate the growth of subsidiaries Climate First Bank and fintech OneEthos.
  • For more information on Climate First Bank, please visit https://www.climatefirstbank.com .

UFCW Local 864 Statement Regarding PEI Sick-Day Legislation

Retrieved on: 
måndag, mars 25, 2024
Prince Edward, Health, COVID-19, UPEI, Rest, Atlantic Canada, Cavendish Farms, ADL, UFCW, Cooperative, Safety, Workplace, Government, Legislation, Locals

CHARLOTTETOWN, Prince Edward Island, March 25, 2024 (GLOBE NEWSWIRE) -- UFCW Local 864 is glad to hear that the provincial government will be granting workers across Prince Edward Island three paid sick-days as of October 1st, 2024.

Key Points: 
  • CHARLOTTETOWN, Prince Edward Island, March 25, 2024 (GLOBE NEWSWIRE) -- UFCW Local 864 is glad to hear that the provincial government will be granting workers across Prince Edward Island three paid sick-days as of October 1st, 2024.
  • “Unions have been fighting for paid sick-days in every workplace for as long as they’ve existed,” said Craig Walsh, UFCW Canada’s Atlantic Regional Director.
  • We’re working with the PEI Federation of Labour to get the legislation improved to provide at least 3 paid sick-days, if not more, to all workers.”
    UFCW Local 864 is a private-sector labour union representing workers at Cavendish Farms, Atlantic Beef, UPEI, ADL, Beach Point Processing, and O’Leary Co-op.
  • Local 864, along with Locals 1252 and 1288P, makes up the UFCW Eastern Provinces Council which represents over 5,000 workers across Atlantic Canada.