Market Watch

Kristen Riggs, new president of salty snacks at Hershey Co. Photo: Hershey Co. HERSHEY, PA. — Kristen Riggs has been promoted to president of salty snacks at Hershey Co. Ms. Riggs has been with Hershey for more than 17 years, most recently as senior vice president and chief growth officer from January 2020 to November 2022. Earlier, she was vice president of innovation and strategic growth platforms. Since joining Hershey in 2005 Ms. Riggs has held a range of leadership positions as well as roles in brand marketing, shopper marketing, global marketing and sales. Before joining Hershey, she worked as an engineer for Samsung Semiconductor in Austin, Texas. “Riggs is a dynamic Hershey veteran with marketing, sales and commercial operations experience leading billion-dollar businesses across brand marketing and sales,” according to Hershey. “She has a proven track record of transforming operations and cultures to drive growth and profitability.” Ms. Riggs received a bachelor’s degree in chemistry at Purdue University and a master’s degree in business administration at the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School. In addition to Ms. Riggs, Hershey said Hector de la Barreda has been named senior vice president and chief global business […]

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Getty In the modern business world, data privacy is a critical concern for both companies and their customers. With the increasing amount of personal information being collected and shared online, it is essential for businesses to have strong safeguards in place to protect this data and ensure it is used ethically and responsibly. One key way to achieve this is through the development of a privacy program. But what is a privacy program, and why is it so important? In this article, I will explore these questions and provide guidance on how to develop and implement a privacy program in your business. What is a privacy program? A privacy program is a structured and comprehensive approach to managing and protecting personal data within an organization. It involves establishing policies and procedures for collecting, storing and using personal data, as well as training employees on these policies and ensuring they are adhered to. A privacy program also includes measures to detect and prevent data breaches and to respond effectively if a breach does occur. A privacy program should be tailored to the specific needs and requirements of a business, as well as take into account the types of personal data […]

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ASML ASML +0.76% Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry amid efforts by the U.S. to restrict China’s access to high-end technology. Dutch company ASML (ticker: ASML) supplies the “lithography” machines that are essential for manufacturing semiconductors, with customers including Taiwan Semiconductor Manufacturing TSM –2.52% (TSM), Samsung Electronics 005930 +2.59% (005930.Korea), and Intel (INTC). were pretty good. Shares rose initially after the earnings print—and then dropped. That’s a bad sign for all stocks , though the omen has nothing to do with the fundamentals of Microsoft’s business. Late Tuesday, Microsoft (ticker: MSFT) reported earnings per share of $2.32 on sales of $52.7 billion. Wall Street was looking for $2.29 a share from $53 billion in sales.

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Fittle has been looking to expand offerings into adjacent industries that would grow the portfolio outside the traditional copy and print realm, says Daniel Kehr, Fittle’s senior vice president of revenue in the U.S., adding that ‘3-D printing happened to be one of those.’ ARTICLE TITLE HERE Fittle, the equipment financing business of Xerox Holdings, has partnered with metal 3-D printing technology company Velo3D to help Velo3D customers finance purchases of its metal manufacturing offerings. Daniel Kehr, senior vice president of revenue at Fittle in the U.S., said the Norwalk, Conn.-based company has been looking to expand offerings into adjacent industries that would grow the portfolio outside the traditional copy and print realm. “3-D printing happened to be one of those,” he told CRN. “I had heard a little bit about Velo in the past, and they’re an up-and-comer in the 3-D manufacturing space. So a couple of conversations [were had] and one led to another and it made sense.” Campbell, Calif-based Velo3D created an innovative end-to-end process that enables customers in aviation, power generation, energy and semiconductor industries to better design and print the parts they need. [ Related : Public Cloud Sales Hit $544 Billion Despite Economic […]

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Cloud services, software-as-a-service (SaaS) applications, and on-premises infrastructures connected by wired and wireless networks now represent the backbone of modern enterprises. To fully harness the benefits of modern network architectures, network operations teams need a deep understanding of how these systems perform. This visibility is essential if teams are to avoid the downtime that results in lost revenues. To be successful, teams must enhance their operational awareness and gain comprehensive visibility into the performance of both internal networks and those managed by third parties. Even by making small advances in this IT arena, teams can deliver large business benefits and demonstrable return on investment (ROI). Image 1 here Figure 1: Following a maturity model enables IT teams to take achievable steps toward expanding their operational visibility Eliminating Redundant Network Monitoring Software Yields $1M in Cost Reductions To move from basic visibility to proactive network operations, teams must meet the following objectives: Establishing unified contextual awareness across network inventory, alarms, events, fault, performance, flows, logs, and configurations for traditional network architectures. Retiring redundant toolsets and establishing one source of truth for data collection and correlation across multi-vendor technologies. Instituting advanced capacity planning and insights into how bandwidth consumption affects user […]

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Securian Financial retail wealth business includes more than 1,000 financial professionals across more than 30 independent firms, representing $47.4B in AUA and $24.8B in AUM Business to become a distinct community within Cetera Advisor Networks LOS ANGELES and ST. PAUL, Minn., Jan. 25, 2023 /PRNewswire/ — Cetera Financial Group (Cetera), one of America’s largest networks of financial professionals, announced today that it has entered into a definitive agreement to acquire the retail wealth business of Securian Financial Group, Inc. (Securian Financial). Under the agreement, Cetera will acquire certain assets related to Securian Financial Services, Inc. – Securian Financial’s broker-dealer, registered investment advisor and insurance agency – as well as the equity of Securian Trust Company, NA. More than 1,000 financial professionals across 30 independent firms representing $47.4B in assets under administration and $24.8B in assets under management (as of December 31, 2022) will be integrated as a distinct community, branded as Cetera Wealth Management Group, within the Cetera Advisor Networks community. In addition, the transaction includes a broad strategic partnership agreement aimed at aligning the interests of the two organizations, including an arrangement whereby Securian Financial will distribute its individual life and annuity products through Cetera’s affiliated financial professionals. […]

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Elizabeth Trenbeath of Snelling Staffing in Lexington, S.C., holding paper, says she has been overrun with businesses seeking workers. A surge in hiring by American small businesses could run afoul of the Federal Reserve’s efforts to cool inflation . Small companies have been responsible for all of the job growth in the U.S. since the onset of the Covid-19 pandemic and account for almost four out of five available job openings, according to a Wall Street Journal review of labor data and an analysis by Jefferies.

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(Adds details from securities filing, background) By Liz Hampton Jan 25 (Reuters) – Top oilfield services firm SLB on Wednesday warned of business risks associated with additional sanctions on Russia, even as its revenue there continued to grow, according to a regulatory filing. SLB boosted its business in Russia last year, as oil prices surged and rivals fled following Western sanctions on Russia for its invasion of Ukraine. Russia represented 6% of SLB’s full-year 2022 revenue, or $1.69 billion, the company said in an annual filing. Russia accounted for 5% of total company revenues in the quarter before Moscow invaded Ukraine, according to a previous company filing. It began disclosing more details around Russian revenue and assets following the war. The Curacao-domiciled company, which suspended new investments and technology deployment in Russia last March, said it continued to "actively monitor the dynamic situation in Ukraine and applicable laws, sanctions and trade control restrictions resulting from the conflict," according to the filing. It continued to work for Russian energy companies including Lukoil, Rosneft , Gazprom as rivals Halliburton and Baker Hughes exited or sold off their operations. SLB said the carrying value of its net assets in Russia totaled roughly […]

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Chris Skidmore MP’s independent review into net zero arrives at an opportune political moment. There have been rumblings that the prime minister Rishi Sunak is less enthusiastic than his predecessor-but-one on the environment, however, the forthcoming Budget in March could be the right time to remind us of the economic opportunity that our journey to net zero can become – if is harnessed correctly. Stephen Marcos Jones is chief executive of the Association for Consultancy and Engineering (ACE) Despite initial enthusiasm from the UK government of the time in signing into law the pledge to meet zero emissions by 2050, several political distractions since then have meant less time than expected for making an economic case for action on climate. However, it is clear that the systematic move to a more sustainable approach will bring opportunity for many businesses, including – of course – Association for Consultancy and Engineering (ACE) members. Last year’s COP27 summit ended the year on a relatively downbeat note for our environmental ambitions. The general take away message was that more needed to be done. The Climate Change Committee (CCC) has also recently shared a similarly challenging review of progress to date. Taking forward Skidmore’s […]

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MDH seeks additional proposals reaching American Indian, disability, and LGBTQ communities The Minnesota Department of Health (MDH) has re-opened the application period for certain proposals for the Request for Proposals (RFP) for diverse media and community engagement and outreach released on December 15, 2022. Due to low numbers of applications reaching three priority populations, MDH seeks additional proposals that are targeted to primarily reach American Indian, disability, and LGBTQ communities. The extended deadline for applications reaching these communities as their primary population reached is Wednesday, January 25, 2023 at 11:59 pm. The goal of this funding is to increase community understanding of and engagement around COVID-19 and community recovery among residents of Minnesota and the 11 Tribal Nations that share its geography. The primary audience(s) for community engagement and media messaging must include one or more of the following populations: African American, African immigrant, American Indian, Asian Pacific Islander, Hispanic and Latino/Latine, LGBTQ Minnesotans, and Minnesotans with disabilities. Successful applicants will propose a plan to aid the State in this effort through the use of diverse media strategies, community engagement and outreach strategies, or a combination of both. • Media messaging includes communications that reach large audiences such as […]

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