Starbucks blames profit drop on changes to accounting

first_imgStarbucks has blamed a 6% drop in international profits for the three months to 31 October on new accounting measures.The group announced profits of $117m (£62m) in the quarter, compared to $124m during the same period in 2005.Starbucks said its revenue had risen 22% to $7.8bn for the full year, leading to overall earnings of $564mn, an increase of 14%. Sales at outlets that had been open for at least a year increased by 5%.Jim Donald, president and chief executive, said the fall in profits was due to two new accounting measures. Starbucks delivered “strong operating results”, opening 2,199 stores worldwide, he said.”We opened a record number of new stores around the world, which contributed to strong top line growth, and we enhanced and expanded our product offerings.”There are over 11,000 Starbucks outlets worldwide, including 520 outlets in the UK and Ireland.last_img read more

MBB : SU’s Midnight Madness to take place Oct. 14

first_img Published on September 26, 2011 at 12:00 pm Contact Michael: [email protected] | @Michael_Cohen13 In a way, this year’s Midnight Madness celebration was inspired by Juli Boeheim. The wife of Syracuse men’s basketball coach Jim Boeheim works closely with Galaxy Communications to plan the annual celebration, and her knowledge of Kentucky’s Big Blue Madness event stuck with CEO Ed Levine.‘Juli’s always been talking to us about Kentucky,’ Levine said. ‘So my No. 1 goal was to do a bigger Midnight Madness than Kentucky. That I definitely want to do.’With that in mind, Levine and his staff have booked three acts that he hopes will form ‘the biggest Midnight Madness in the country as far as entertainment value.’The annual event to celebrate the beginning of the men’s and women’s basketball seasons is scheduled for Friday, Oct. 14, in the Carrier Dome. Rapper and actor Tone Loc headlines the bill along with the acrobatic act Russian Bar Trio and Deena from Jersey Shore.Tone Loc, whose real name is Anthony Smith, was most popular in the late 1980s and early ‘90s. The 45-year-old is scheduled to perform his hit songs ‘Wild Thing’ and ‘Funky Cold Medina’ while accompanied by the SU Dance Team. ‘Wild Thing’ ascended to No. 2 on the U.S. music charts in 1989 and ‘Funky Cold Medina’ peaked at No. 3.AdvertisementThis is placeholder textTone Loc will be joined by Russian Bar Trio, an acrobatic act that appeared on the television show ‘America’s Got Talent.’ The group will perform its ‘death-defying feats’ at center court.Rounding out the night’s entertainment is Deena from the hit television show Jersey Shore. Deena, whose full name is Deena Cortese, will sign autographs and interact with the crowd.Levine said these three acts provide both an old-school element and something for the young people of today.‘We wanted something that would appeal to just about everybody,’ he said. ‘There would be something for everybody there, so even casual basketball fans would want to come to the event.’Midnight Madness is free to the public but requires a general admission ticket that limits seating to the lower level of the Carrier Dome. Tickets will be available beginning Wednesday, Oct. 5, with a limit of four per person at the Carrier Dome box office, Schine Student Center and various AmeriCU locations in the Syracuse area.Once the hype melts away, both the men’s and women’s basketball teams will partake in drills and a scrimmage. There will also be a dunk contest.The crown jewel of Levin’s best-ever Midnight Madness is still in the works. He said he traveled to ESPN’s headquarters in Bristol, Conn., to make a pitch for SU’s event to be broadcast on ESPNU.Each year, ESPNU covers a handful of Midnight Madness events around the country. But prior to this season, Levine said Syracuse wasn’t eligible to be on television.‘This is the first year ever that we’ve done Midnight Madness on the actual first day you could do Midnight Madness,’ Levins said. ‘We never were able to talk to ESPN about coming up here because for years we were doing it a day late or a week late or 10 days late.’Though ESPN has not confirmed whether or not it will be in the Carrier Dome on Oct. 14, Levine said talks between the two sides have been positive. He said getting this event televised would be the ‘finishing touches’ on a great event.‘I’m keeping my fingers crossed,’ he said.The men’s basketball team enters the 2011-12 season led by head coach Jim Boeheim, who is in his 36th year at the helm. Most critics peg the Orange as a top-10 team for the upcoming season behind four returning starters — Scoop Jardine, Kris Joseph, Baye Moussa Keita and Brandon Triche.Syracuse posted a record of 27-8 last season with a disappointing loss to Marquette in the round of 32 of the NCAA Tournament. Expectations for this season are much higher with the veterans returning to the Orange and another strong recruiting class.On the women’s side, Syracuse will certainly be aiming for the NCAA tournament this season. SU narrowly missed the big dance a season ago and finished with a 25-10 record overall.Quentin Hillsman returns for his fifth season as the head coach of the Orange. He also has his two top scorers back from last season in junior center Kayla Alexander and senior forward Iasia [email protected] Facebook Twitter Google+center_img Commentslast_img read more


first_imgLess than a year ago, renowned black and white photographer, Giles Norman, headed off to the north west coast of Ireland, where quality time was spent with his camera in Co. Donegal.Days were spent walking the spectacular sights of Donegal’s dramatic coastlines and exploring all that the landscape has to offer, including the stunning beaches, rugged countryside and beautiful horses and ponies. These images are currently on display at the Giles Norman Gallery, Kinsale, Co Cork, where an exhibition celebrating 25 years of photography is taking place throughout October.Giles Norman’s images of the Irish landscape evoke a purity of vision, mostly stripped of manmade intrusion.Wider views of wild, remote places intermingle with small details of windows and moments in urban and rural life with little concession to the human form.A shaft of light between clouds, a breaking wave, the story behind a shipwreck remind us how special these moments are. The emphasis Giles places on the art rather than the science of photography makes his photographs more engaging and memorable. Renowned photographer, Giles Norman, who hosted a reception and signing of his new book ‘Ireland ?timeless images’ at Hodges Figgis in Dawson Street.Picture. John AllenHis work is available online at or at the Kinsale Gallery.Celebrating 25 years in business this year, Giles has built up a loyal following both here in Ireland and internationally.He has just launched his new book, ‘Ireland ..timeless images’, published by Collins Press, available in all good bookshops nationwide, at the Kinsale Gallery and online at www.gilesnorman.comRENOWNED PHOTOGRAPHER CAPTURES STUNNING DONEGAL IN UNIQUE BOOK was last modified: October 14th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalGiles Normannew bookPhotographylast_img read more