While visiting EastPack, Frank is unsurprisingly drawn to a booth called “The Museum of Interesting Things” and talks to Denny Daniel who shows him some of the cool things in their collection.
read more/source: http://whattheythink.com/video/86048-frank-finds-museum-interesting-things-eastpack/
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Breaking new ground, Canon U.S.A., Inc., a leader in digital imaging solutions, announced a new web-fed inkjet press for commercial and business communications print service providers with the ProStream 3160, the new flagship model of the ProStream 3000 series, that can help bring quality and productivity to inkjet printing for commercial markets, direct mail, and publishing, among others. The ProStream 3160 is an ultra-fast roll-fed 4/4 inkjet press that can deliver up to 525 feet per minute (160 meters per minute). With the new ink set, the ProStream 3160 boasts 100% productivity increase when printing on 12 pt media and up to a 66% productivity increase on 9 pt media compared to previous ProStream models. This press is market changing and shows Canon’s commitment to the evolution of this ProStream 3000 platform.
*Revenue was $54.1 million lower than last year. COVID-19 continued to negatively impact our results, primarily across the Promotional Solutions, Cloud Solutions and Checks segments. *The Payments segment delivered strong revenue growth of 15.6% over the same period last year, benefiting from Treasury Management revenue growth of 20.9% in the third quarter driven primarily by December 2019 sales wins. *Net income of $29.4 million was impacted by COVID-19, compared to a net loss of $318.5 million in the third quarter 2019. 2019 results included pre-tax, non-cash asset impairment charges of $391.0 million. The impairment charges related to goodwill, as well as amortizable intangible assets. *Cash flow from operations for the nine months ending September 30, 2020 was $166.8 million and capital expenditures were $42.7 million. Free cash flow, defined as cash provided by operating activities less capital expenditures, was $124.1 million, a decrease of $34.2 million as compared to 2019. In addition to COVID-19, free cash flow was impacted by previously disclosed expenditures to support the Company’s business transformation and the ongoing secular decline in checks. These impacts were partially offset by lower income taxes and a legal settlement in the prior year. *At the end of the third quarter, the Company had $1.04 billion of total debt outstanding under its revolving credit facility, compared to $883.5 million at the beginning of 2020. Liquidity was $413.0 million, with cash and cash equivalents totaling $310.4 million at the end of the quarter.
Two UK newspapers have found a way of coping with ever-rising print costs. News UK and DMG Media propose to form a joint venture to combine their printing operations. This would include the printing operations of Newsprinters (News UK) and DMG Media printing sites in Thurrock (Essex) and Dinnington (South Yorkshire). A new company would be created to run the combined print operations. Specifically, the three current Newsprinters sites in Broxbourne (Hertfordshire), Knowsley (Merseyside) and Eurocentral (Glasgow) would be retained. This could mean closure of the DMG Media sites in Thurrock and Dinnington.