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first_imgFormer BusinessWeek publisher McGraw-Hill reported that net income during the fourth quarter of 2009 spiked 44.3 percent over the same period last year to $167.4 million, the company said in an earnings report released Tuesday. The results included a $10.5 million pre-tax gain ($6.7 million after tax) from its sale of BusinessWeek to Bloomberg LLP late last year.Previously, McGraw-Hill said it expected a $5.9 million gain after tax on the BusinessWeek sale.Meanwhile, full-year net income declined 8.6 percent to $730.5 million and revenue slid 6.3 percent to $5.95 billion for 2009.McGraw-Hill’s information and media division saw operating profit surge 40.6 percent to $45.9, bolstered by the BusinessWeek sale. For the full year, profits were mostly flat (up 0.7 percent) to $92.7 million on $953.9 million in revenue. McGraw-Hill continues to publish several publications include Aviation Week and several trade titles under its McGraw-Hill Construction group.last_img read more

Alabamas Kay Ivey Recognized with ADCs State Leadership Award

first_img ADC AUTHOR Kay Ivey, Governor of Alabama, has been recognized as the recipient of the Association of Defense Community’s 2019 State Leadership Award.Ivey and other ADC Award honorees were recognized Monday during a lunch ceremony at the 2019 Defense Communities Annual Summit.Known as a champion for her state’s installations, defense communities and military service population, Gov. Ivey has championed wide-ranging legislation to improve the quality of life for service members and their families since 2017.In May 2018, Ivey signed several service-related quality of life bills, including the Military Family Jobs Opportunity Act, which provides professional licensure reciprocity for military spouses across numerous state agencies. She also signed the Parks for Patriots bill, which grants free state parks admission to active or retired Alabama service members.Ivey was also an integral part of the state’s campaign to secure the fifth-generation F-35 Fighter mission for the 187th Fighter Wing at Maxwell Air Force Base.“While many people were involved in the multi-year selection process for the F-35 Fighter Wing, the governor led our state through this journey with distinction, and she was instrumental in bringing this next-generation aircraft to Montgomery,” U.S. Rep. Martha Roby (R-Ala.) said. “I am incredibly proud of Gov. Ivey’s leadership and commitment to Alabama’s military footprint,” Roby added.Army photo by Sgt. William Fryelast_img read more

first_img 2020 Jeep Gladiator: Taking truck love to a new level Review • 2019 Jeep Grand Cherokee review: An SUV with something for everyone 48 Photos Preview • 2019 Jeep Grand Cherokee: Model overview, pricing, tech and specs 0 6:19 More about 2019 Jeep Grand Cherokee 2019 Jeep Grand Cherokee Limited X is just right Tags More From Roadshow Now playing: Watch this:center_img Fiat Chrysler Automobiles Fiat Chrysler Auto Tech Share your voice 2019 Fiat 500X first drive: New engine, same problems Post a comment Enlarge ImageUconnect has always been a great infotainment system, and Uconnect Market will make it even more versatile. Fiat Chrysler Automobiles General Motors has dominated its American counterparts when it comes to offering in-car commerce. Its MyLink infotainment system has been adding various integrations over the last couple years, whether it’s placing reservations through Yelp or ordering a Domino’s pizza on the fly. Fiat Chrysler’s latest announcement along similar lines should help it keep up with the Joneses.Fiat Chrysler Automobiles announced on Monday that the next iteration of its Uconnect infotainment system will include something called Uconnect Market. This commerce platform is similar to GM’s Marketplace, in that it will allow a variety of third-party companies to offer connected buying services directly through the infotainment system. It was developed in partnership with Xevo, which has lent its expertise to GM, as well.When setting up a Uconnect Market account, owners will have the opportunity to add a credit card for use within the marketplace. That can then be used to authorize card-free fuel fill-ups at participating Shell stations, in addition to paying for parking through integration of the ParkWhiz service. People will also be able to book service appointments and check out offers on various services, and they can also book restaurant reservations through Yelp.This builds on news from earlier in the year. In April, FCA announced that it would rely on tech from Harman and Google for its upcoming connected-car services, which will allow for over-the-air updates and, when its EVs start rolling out, additional services catered to electric cars. It can also work with usage-based insurance and even peer-to-peer car sharing, so the sky’s the limit.Uconnect Market is expected to make its way to owners via over-the-air update in the second half of 2019. It will work with 2019 and 2020 model-year vehicles from Chrysler, Dodge, Jeep and Ram, so long as those vehicles pack both the connectivity itself and Uconnect’s 8.4-inch touchscreen.  Chrysler Dodge Jeep Ram 2017 Chrysler Pacifica Hybrid: First hybrid minivan wins on fuel economy 2019 Maserati Levante GTS: Heart of goldlast_img read more

first_imgHound Labs caught a boost in Series D funding to create a device it says can detect THC on a subject’s breath.  Canva A company looking to create the first THC breathalyzer said Tuesday it’s raised $30 million in Series D funding. Hound Labs is aiming to enable law enforcement and employers to conduct quick drug screenings with the device, which is on track to be released this winter. The device has raised concerns about accuracy and legal implications, however.  “In order to solve the challenge of determining recent marijuana use, we spent five years developing new technology that enables unparalleled low levels of detection in a portable device,” Hound Labs co-founder Dr. Mike Lynn said in a release earlier this year. “We have been testing this technology in collaboration with one of the world’s premier research universities. After years of research and development, we are excited to have validated the Hound science and technology that will advance our collective understanding of THC in breath.”In July, Hound Labs paid researchers to get 20 people high. Once the subjects smoked cannabis, researchers tested them and found THC could be detected in minute amounts in the breath after the subjects smoked. Hound Labs said the device can also detect THC ingested via cannabis-infused foods.  4 Marijuana tech is evolving Comments Share your voice Tags 5:37 Now playing: Watch this: Sci-Tech Politicslast_img read more

first_imgInfosys, Wipro, TCS, Oracle and HP are reportedly in the race to bag the Rs 125-crore technology outsourcing contracts to be finalised shortly by Indian e-commerce shopping website Paytm, which was given a licence last year by the Reserve Bank of India (RBI) to set up a payments bank. The contracts envisage core-banking, security and fraud detection and are expected to be awarded in a week, Paytm co-founder Vijay Shekhar Sharma was quoted as saying by The Economic Times.One97 Communications Ltd, which owns Paytm, is planning to open a physical payments bank in August 2016.”Internally, we were changing the launch date with the intention that by June (2016) we should pull it off, but July will also get covered because there is so much technology implementation happening,” Sharma told ET.Infosys, Oracle and Tata Consultancy Services (TCS) are in the race to offer core-banking services solutions for payments while Wipro and TCS have bid to sell their system-integration solutions, Sharma said.Shinjini Kumar, former central banker and PwC executive, will head the company’s payments bank as its CEO, according to an earlier ET report.Former Airtel executive Saurabh Sharma will head the merchant and agent acquisition business while ex-Amazon India executive Vikas Purohit will lead Paytm’s banking operations, ET reported.Demand deposits from small businesses and individuals up to Rs 1 lakh maximum will be accepted by payments banks. However, NRIs cannot conduct business with such banks. [1 lakh = 100,000 | 1 crore = 10 million | 100 crore = 1 billion]last_img read more