Samsung recalls, mostly for the Galaxy Note7, will put a $200 million dent in Best Buy’s Q4 receipts, said Best Buy Chief Financial Officer Corie Barry on the company’s Q3 earnings call Thursday. In addition to recalling 1.9 million Note7s from the market during the quarter (see 1611070038), Samsung issued a recall for 2.8 million top-load washing machines earlier this month (see 1611040010). The Q3 impact from recalls -- $60 million -- was less than what’s expected for Q4, said Barry, and was “heavily weighted toward mobile” rather than appliances.
Samsung recalls, mostly for the Galaxy Note7, will put a $200 million dent in Best Buy’s Q4 receipts, said Best Buy Chief Financial Officer Corie Barry on the company’s Q3 earnings call Thursday. In addition to recalling 1.9 million Note7s from the market during the quarter (see 1611070038), Samsung issued a recall for 2.8 million top-load washing machines earlier this month (see 1611040010). The Q3 impact from recalls -- $60 million -- was less than what’s expected for Q4, said Barry, and was “heavily weighted toward mobile” rather than appliances.
Mushrooming plans for non-geostationary (NGSO) mega constellations should drive the FCC to update or tweak some of its satellite regulations but don't necessitate a wholesale revamp of the rules, speakers said at an FCBA CLE. The rules set up years ago governing, for example, in-line events didn't anticipate the existence of massive NGSO constellations and thus might need to be revisited, FCC International Bureau Satellite Division Chief Jose Albuquerque said Tuesday night. "The regulatory framework is already there -- it's just small adjustments."
National Venture Capital Association appoints Charlotte Savercool, ex-aide on the House Communications Subcommittee, director-government affairs ... Scripps Networks promotes executives to newly created leadership roles across U.S. networks business: Allison Page to general manager-U.S. programming and development; Julie Taylor to senior vice president-program planning and strategy, U.S. networks; and Shannon Jamieson Driver, to general manager-U.S. brand marketing ... NetComm Wireless elevates Sergio Berriz to senior vice president-engineering, new position ...
The Trustworthy Accountability Group launched an anti-malware certification seal program for buyers, sellers and intermediaries in the digital advertising supply chain, said the ad industry initiative in a news release Tuesday. TAG, which was formed by the American Association of Advertising Agencies, Association of National Advertisers and Interactive Advertising Bureau, said it's also building and hosting an information-sharing hub to disseminate real-time intelligence about malware attacks to the industry and law enforcement. Adform, AppNexus, Google and RocketFuel are some ad companies and agencies that agreed to participate in the certification program, which entails complying with certain guidelines and best practices for scanning content for malware. The program "uses a multi-prong approach that includes consumer education, industry best practices, information sharing, and law enforcement to shut down malware distributors and protect the advertising supply chain," said TAG CEO Mike Zaneis. The threat-sharing hub will permit some companies to get data on the most recent infections, "serving as a type of immune system for the industry in helping it respond to new and emerging threats," TAG said. The anti-malware program is the fourth and last program in the initiative's mission to stop fraudulent traffic, fight malware and internet piracy and promote transparency.
The Trustworthy Accountability Group launched an anti-malware certification seal program for buyers, sellers and intermediaries in the digital advertising supply chain, said the ad industry initiative in a news release Tuesday. TAG, which was formed by the American Association of Advertising Agencies, Association of National Advertisers and Interactive Advertising Bureau, said it's also building and hosting an information-sharing hub to disseminate real-time intelligence about malware attacks to the industry and law enforcement. Adform, AppNexus, Google and RocketFuel are some ad companies and agencies that agreed to participate in the certification program, which entails complying with certain guidelines and best practices for scanning content for malware. The program "uses a multi-prong approach that includes consumer education, industry best practices, information sharing, and law enforcement to shut down malware distributors and protect the advertising supply chain," said TAG CEO Mike Zaneis. The threat-sharing hub will permit some companies to get data on the most recent infections, "serving as a type of immune system for the industry in helping it respond to new and emerging threats," TAG said. The anti-malware program is the fourth and last program in the initiative's mission to stop fraudulent traffic, fight malware and internet piracy and promote transparency.
The Trustworthy Accountability Group launched an anti-malware certification seal program for buyers, sellers and intermediaries in the digital advertising supply chain, said the ad industry initiative in a news release Tuesday. TAG, which was formed by the American Association of Advertising Agencies, Association of National Advertisers and Interactive Advertising Bureau, said it's also building and hosting an information-sharing hub to disseminate real-time intelligence about malware attacks to the industry and law enforcement. Adform, AppNexus, Google and RocketFuel are some ad companies and agencies that agreed to participate in the certification program, which entails complying with certain guidelines and best practices for scanning content for malware. The program "uses a multi-prong approach that includes consumer education, industry best practices, information sharing, and law enforcement to shut down malware distributors and protect the advertising supply chain," said TAG CEO Mike Zaneis. The threat-sharing hub will permit some companies to get data on the most recent infections, "serving as a type of immune system for the industry in helping it respond to new and emerging threats," TAG said. The anti-malware program is the fourth and last program in the initiative's mission to stop fraudulent traffic, fight malware and internet piracy and promote transparency.
President-elect Donald Trump's hard-line trade stance expressed throughout his campaign is seen by some as more of a negotiating tactic than a clear indicator of likely policy changes. While scholars still wonder how Trump would react if such talks don’t meet his goals, there's much debate as to what authority the president has to enact many of the Trump campaign promises. Among other things, Trump has said the U.S. should renegotiate NAFTA (see 1611100040), collect up to 45 percent tariffs to counter alleged Chinese currency manipulation (see 1601150029), and raise tariffs on companies that move operations overseas, withdrawing from the World Trade Organization if it disapproves of that policy (see 1607260043). Withdrawing from the WTO seems the least likely of those proposals, but a greater effort to engage China from a Trump administration is especially likely, observers said.
Contenders for the House Commerce Committee chairmanship are making their cases to colleagues ahead of the GOP Steering Committee consideration later this month. Reps. Greg Walden, R-Ore., and John Shimkus, R-Ill., have long been seen as two leading candidates. Shimkus took another step Sunday to alert his colleagues to his interest. They and other lawmakers interested in the role told us this summer they see rewrite of the 1996 Telecom Act as a 2017 priority (see 1607220053).
Contenders for the House Commerce Committee chairmanship are making their cases to colleagues ahead of the GOP Steering Committee consideration later this month. Reps. Greg Walden, R-Ore., and John Shimkus, R-Ill., have long been seen as two leading candidates. Shimkus took another step Sunday to alert his colleagues to his interest. They and other lawmakers interested in the role told us this summer they see rewrite of the 1996 Telecom Act as a 2017 priority (see 1607220053).