Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Jessie Scanlon October 17, 2018 ON A COOL MONDAY EVENING in late September, Kyle Bailey stands at a high-top table at the back of Nonesuch River Brewing in Scarborough, Maine. The brewery’s customers, bundled in flannels and fleece, are talking with friends over burgers or poutine, mostly unaware of Bailey. A tall man with a shaved head and a big voice with a hint of a Georgia accent, the veteran political campaigner presses on, calling out votes. “Six for the blonde, 11 for the IPA, 4 for the ESB, 6 for the red, and 11 for the stout,” Bailey says, as a colleague jots down the numbers on a whiteboard. This isn’t consumer research on Nonesuch River’s newest beer — it’s a demonstration of ranked-choice voting, the way Maine is starting to run many of its statewide elections.Since none of the five beers wins a majority of … [Read more...] about Could Maine’s new ranked-choice voting change American elections?
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Vinatex completes 65% of yearly revenue target Viet Nam National Textile and Garment Group (Vinatex) has completed 65 per cent of the yearly target set for total revenues with its eight-month result (excluding VAT) reaching over VND31.45 trillion (US$1.34 billion). This figure also represented a rise of 7 per cent against the same period last year, the textile group reported in a filing to the Ministry of Planning and Investment. In August alone, it earned VND4.48 trillion in revenue, down 5 per cent year-on-year, of which turnover of the parent company and subsidiaries with its holdings of over 50 per cent capital reached almost VND1.74 trillion. Revenues from other affiliate companies in which the group holds less than 50 per cent capital reached a combined VND2.74 trillion. Vinatex attributed the growth in total revenues to increases in sales of fibre products (96,051 tonnes, up 9.5 per cent year-on-year), fabric of all kinds (100.7 million m3, up 18.6 per cent) … [Read more...] about BUSINESS NEWS IN BRIEF 1/9
PV Gas posts higher-than-expected H1 results PV Gas reported better-than-expected business results for the first six months of the year.Total revenue reached over VND37 trillion (US$1.6 billion) while net profit was VND5.32 trillion ($231.4 million), up 12 per cent and 30 per cent, respectively, against the same period last year.With these results, the company has completed 66 per cent of its revenue target and 83 per cent of its profit target set for the whole year.The operating profit margin, which measures how efficiently a company is at generating profits from its revenue, reached 14 per cent.The company paid VND2.53 trillion to the State budget, equivalent to 87 per cent of its yearly plan and up 21 per cent year-on-year.Up until June, total assets hit nearly VND66.2 trillion and owner’s equity reached VND45.8 trillion.In the latter half of this year, GAS expected global oil prices to remain high compared to its plan, which will support the company’s … [Read more...] about BUSINESS IN BRIEF 27/7
Nathan Bomey USA TODAY Published 9:13 p.m. UTC Jul 23, 2018 The sudden end of Sergio Marchionne’s reign as CEO of Fiat Chrysler Automobiles casts a spotlight on his revolutionary tenure. When no one else wanted Chrysler in 2009, he saw opportunity. Marchionne was replaced Saturday amid a grave health crisis following recent shoulder surgery. As chief of Fiat, he rescued Chrysler from the brink of liquidation — with help from the federal government and the UAW. Then, he proceeded to roll out a turnaround plan that transformed the automaker into a global force. That improbable feat places Marchionne among the auto industry's legends. Read more: "In almost 10 years, the business has been completely turned around," said Dave Sullivan, manager of product analysis at AutoPacific. "It’s a very different picture from back then, and there’s really one guy who was at the top making those key decisions."Here's how he did it. 1. Found a … [Read more...] about 5 ways Sergio Marchionne saved Chrysler
Viet Nam News HÀ NỘI — Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) achieved a 34 per cent year-on-year rise in pre-tax profit to VNĐ3.26 trillion (US$141.3 million) in the first half of the year, maintaining the quality and effectiveness of growth. VPBank on Friday announced its financial report for Q2 with total operating income (TOI) of more than VNĐ14.5 trillion, increasing 28 per cent from the same period last year. This shows strong growth in the increasing competition of the banking sector, especially in VPBank’s strategic customer segments. Its capital mobilisation and credit growth rose by 7.99 per and 6.8 per cent respectively from last year. VPBank has applied solutions to increase revenue as well as modernise its business administration and technologies. This was the reason the bank’s cost income ratio (CIR) was reduced from 35.54 per cent in 2017 to 32.31 per cent in the first six months of the year. VPBank has … [Read more...] about VPBank posts 34 per cent rise in profit