DIRS.INFO The most relevant business & tech news

A man talks on the phone during the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 4, 2023. REUTERS/Amr Alfliky Acquire Licensing RightsDec 5 (Reuters) - Six of the world's largest dairy companies will soon begin disclosing their methane emissions as part of a new global alliance launched at the United Nations climate summit in Dubai on Tuesday. Livestock is responsible for about 30% of global anthropogenic methane emissions, from sources like manure and cow burps, according to the U.N.'s Food and Agriculture Organization. The five members of the Dairy Methane Action Alliance - Danone (DANO.PA), Bel Group, General Mills (GIS.N), Lactalis USA, Kraft Heinz (KHC.O) and Nestle (NESN.S) - will begin reporting their methane emissions by mid-2024 and will write methane action plans by the end of that year. Danone this year pledged to cut methane emissions from its fresh milk supply chain by 30% by 2030.

Persons: Amr Alfliky, General Mills, Kraft Heinz, Chris Adamo, There’s, Katie Anderson, Anderson, Leah Douglas, Josie Kao Organizations: United Nations, Change, United Arab Emirates, REUTERS, United, Livestock, Agriculture Organization, Danone, Bel Group, General, Lactalis, Nestle, U.S . Environmental Protection Agency, Clean Air Coalition, United Nations Environment Programme . Companies, Environmental Defense, EDF, Reuters, Thomson Locations: Dubai, United Arab, United Nations, Lactalis USA

Two long-time industry executives told Reuters that Yellow's rates were roughly 10% to 20% below those of rivals. Loads in the so-called LTL market do not trade on the spot market and they vary based on the type and size of shipments, they said. "Yellow was way below" market rates, said Ken Adamo, chief of analytics at DAT Freight and Analytics, which operates one of North America's largest truck freight marketplaces. Unlike the highly fragmented trucking market, LTL is dominated by about a dozen players. Some providers are already raising rates, which could send LTL rates up 10% to 15% from current levels, Pickett said.

Persons: Mike Blake, Ken Adamo, Chris Pickett, Pickett, Adamo, Thomas Schmitt, Schmitt, Lisa Baertlein, Marguerita Choy Organizations: U.S, Rivals, Reuters, Analytics, Flock, Walmart, International Brotherhood of Teamsters, Forward, Forward Air, Thomson Locations: Mexico, San Diego , California, U.S, North, Los Angeles

Yellow's demise underscores the shift in the U.S. trucking industry from too few trucks and truck drivers during the pandemic to too many today. Most U.S. trucking companies have about 20% spare capacity in their networks, Stifel analyst Bruce Chan said in a client note on Monday. Yellow struggled for more than a decade after loading up on debt from acquisitions of rival trucking firms Roadway and USF. Still, it is not good news for Yellow's customers, which likely will face double-digit price increases when they turn that business over to companies, Chan said. "If you weren't prepared for this, it's probably a pretty tough day for you," Adamo said of Yellow's customers.

Persons: Bruce Chan, Chan, Stifel's Chan, Donald Trump, Ken Adamo, it's, Adamo, Lisa Baertlein, Marguerita Choy Organizations: Yellow Corp, Walmart, Teamsters, Forward, TFI, FedEx Freight, Dominion, Apollo Global Management, Analytics, Thomson Locations: ANGELES, U.S, USF, Los Angeles

May 19 (Reuters) - AIP Capital, the aviation asset management arm of 777 Partners, plans to invest up to $200 million in small and medium aerospace suppliers by the end of next year, at a time when the lower rungs of the supply chain are facing financial difficulties. The investments may include a first lien loan, and a single investment will range between $10 million and $30 million, AIP Capital Managing Partner Mathew Adamo told Reuters in an interview. AIP, which was launched earlier this week, has entered into a servicing agreement with 777 Partners to manage all commercial aircraft owned by the private-equity firm. Stamford, Connecticut-based AIP said supply chain investments would focus on companies in developed countries. It is targeting to raise $300 million to $500 million by the end of this year overall for private credit investments.

☆ This $18 million Invisible House is the most expensive listing in Joshua Tree — and it's already a money-maker
▼ + stars: | 2023-05-18 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

Brian AshbyThe modern glass architecture is situated on 67.5 acres just steps away from the Joshua Tree National Park. Brian AshbyThe home was designed by film producer and current owner, Chris Hanley, and Frank Gehry-collaborator, architect Tomas Osinski. According to co-listing agent Matt Adamo, the highest price ever achieved for a home in Joshua Tree was $3.5 million. The Invisible House in Joshua Tree, California is a mirrored 22-story horizontal skyscraper. The rooftop of the Invisible House is equipped with an array of solar panels that supply the home with electricity, heat and hot water.

☆ Tour the $18 million Invisible House for sale in Joshua Tree, California
▼ + stars: | 2023-05-18 | by ( Ray Parisi | ) www.cnbc.com time to read: 1 min

The Invisible House is the most expensive home to ever hit the market in Joshua Tree, California. It's named for its entirely glass-mirrored exterior that reflects its surroundings and creates the effect of the home being invisible. The modern glass architecture is also one of the most wish-listed Airbnb homes of 2023. Take a tour of the Invisible House with CNBC's Ray Parisi and co-listing agents Aaron Kirman and Matt Adamo of AKG Christie's International, who share details about how the pricing was determined and how much money the home generates through Airbnb and production shoot rentals.

☆ Gabon's foreign minister dies of heart attack
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Gabonese Foreign Minister Michael Moussa Adamo poses for a picture during a Reuters interview at the Commonwealth Heads of Government Meeting (CHOGM) in Kigali, Rwanda June 24, 2022. REUTERS/Ayenat Mersie/File PhotoLIBREVILLE, Jan 20 (Reuters) - Gabon's Foreign Minister Michael Moussa Adamo died on Friday of a heart attack, President Ali Bongo said in a statement. Three government sources said that he was in a council of ministers meeting when he suffered the cardiac attack. He was rushed to the hospital and died shortly after midday despite specialist treatment, said a government statement. Reporting by Gerauds Wilfried Obangome Writing by Nellie Peyton Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

☆ How food giant Danone plans to cut planet-warming methane emissions by 30% this decade
▼ + stars: | 2023-01-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Danone aims to cut methane emissions across the farms supplying its milk by 30% this decade. Farming accounts for 40% of man-made methane emissions globally. Danone this week promised to cut methane emissions across the farms supplying its milk by 30% by the end of the decade. Cow burps, manure pits, and fertilizers make agriculture the top source, accounting for 40% of man-made methane emissions, the study found. As of December, the US Department of Agriculture had invested more than $3 billion in what it calls climate-smart projects, including for Danone dairy farmers.

☆ An 'invisible house' in Joshua Tree with a pool in the living room that Lizzo and Demi Lovato have rented is on the market for $18 million — take a look inside
▼ + stars: | 2023-01-14 | by ( Robert Davis | ) www.businessinsider.com time to read: 1 min

Matt Adamo, one of the listing agents with AKG, told Insider that his favorite part of the house is the way it transforms between dawn and dusk. 'The lighting in this home is out of this world.' Courtesy Invisible HouseThe home is oriented to face east so that residents and guests can experience a truly breathtaking sunrise over the desert. "You're not just buying square footage with this home," Adamo said. "You're buying a work of art — something that can't be found in any other place on Earth."

Search resuls for: "Adamo"

9 mentions found