DIRS.INFO The most relevant business & tech news

☆ Ryan Redington arrives in Nome, Alaska to win Iditarod sled dog race
▼ + stars: | 2023-03-14 | by ( Dan Whitcomb | ) www.reuters.com time to read: +1 min

[1/5] Ryan Redington leaves the Rohn checkpoint after a quick stop, carrying straw to rest his team during the long run to Nikolai during the Iditarod Trail Dog Sled Race in Alaska, U.S. March 8, 2021. Zachariah Hughes/ADN/Pool via REUTERSMarch 14 (Reuters) - Ryan Redington, who hails from a family of hall-of-fame mushers, reached Nome, Alaska, ahead of his rivals on Tuesday to win the grueling Iditarod Trail Sled Dog Race in his 16th try. “It’s been a goal of mine since a very small child, to win the Iditarod. It finally happened," Remington, 40, said after crossing the finish line in Nome, Alaska Public Media reported. Remington, whose grandfather Joe is known as the "Father of the Iditarod Trail Sled Dog Race" for his work in organising and promoting the event in the late 1960s, raised the trophy in his 16th try.

☆ Iditarod 2023: Racing Across Alaska
▼ + stars: | 2023-03-11 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

Joe Redington Sr., who supported the early races, organized the first long-distance event from Anchorage to Nome. Page and Mr. Redington are now known as the “Mother of the Iditarod” and the “Father of the Iditarod,” respectively. Rob Stapleton/Associated Press

☆ Who are Larry Kramer and Andreas Paepcke — the two people who paid part of Sam Bankman-Fried's bail?
▼ + stars: | 2023-02-19 | by ( Sarah Jackson | Lakshmi Varanasi | ) www.businessinsider.com time to read: +8 min

They are Larry Kramer and Andreas Paepcke, both of whom have ties to Stanford, where SBF's parents work. On Wednesday, unsealed court records identified the FTX founder's bail guarantors as Larry Kramer, a former dean of Stanford Law School, and Andreas Paepcke, a senior research scientist at Stanford. A screenshot of Larry Kramer's bio on a Stanford Law School web page shows that he's emeritus dean of the institution. from the University of Chicago Law School in 1984, according to his Stanford Law bio page. On his personal page, Paepcke listed hobbies including "piano studies and simple composition, worrying, and poetry."

☆ Apple distributor Redington's Q3 profit falls as costs outpace topline growth
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

CHENNAI, Feb 1 (Reuters) - Redington (India) Ltd (REDI.NS), the country's biggest Apple and IT products distributor, reported a 2% fall in third-quarter profit on Wednesday, as ballooning expenses countered record revenue. For Redington, which distributes electronic products made by Apple (AAPL.O) and Dell (DELL.N) among others, consolidated profit slipped to 3.8 billion rupees ($46.4 million) for the quarter ended Dec. 31. Redington's expenses rose about 32% to 212.2 billion rupees, narrowly outpacing a near-31% jump in revenue from operations to a record 216.74 billion rupees. Chennai-based Redington's topline went up even as the gadget distributor cautioned demand for remote-working equipment likely declined with people gradually returning to offices. Redington shares, which rose 25% in 2022 and 2% last month, closed over 1% lower at 182.65 rupees on Wednesday.

☆ Ginny Redington Dawes Starred as a Writer of Advertising Jingles
▼ + stars: | 2023-01-27 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

As a singer and songwriter in the late 1960s and early 1970s, Ginny Redington struggled to win attention in an extremely crowded field. When she began writing advertising jingles in the mid-1970s, she rapidly became a star in that smaller arena by writing a peppy tune for McDonald’s Corp.’s “You, You’re the One” campaign. Her greatest hits also included ditties for dozens of other products, including Colgate toothpaste and Holiday Inn .

☆ INDIA STOCKS Indian shares set for lower opening as Fed keeps hawkish stance
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +3 min

India's NSE stock futures, listed on the Singapore exchange , were 0.94% lower as of 0211 GMT. The Federal Reserve raised interest rates by 75 basis points on Wednesday as widely expected and said its battle against inflation will require borrowing costs to rise further. Meanwhile, foreign institutional investors bought a net 14.36 billion Indian rupees ($173.61 million) worth of equities on Wednesday, while domestic investors sold 13.78 billion rupees of shares, as per provisional data available with the National Stock Exchange. ** Mahindra and Mahindra Financial Services Ltd (MMFS.NS) reported September-quarter profit of 4.48 billion rupees, a 56.2% year-on-year decline. ($1 = 82.7120 Indian rupees)Reporting by Rama Venkat in Bengaluru;Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Apple reseller Redington Q2 profit up as India sales of phones, laptops rise
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 2 (Reuters) - India's biggest Apple and IT products distributor Redington Ltd (REDI.NS) on Thursday reported a 26% jump in September quarter profit on the back of buoyant domestic demand for phones, laptops and software. Consolidated profit for the three months ended Sept. 30 climbed to 3.87 billion rupees ($46.76 million) from 3.07 billion rupees a year ago, the company said in an exchange filing. The iPhone reseller's quarterly revenue rose to 190.51 billion rupees from 152.87 billion rupees a year ago, per the filing. Earnings before interest, taxes, depreciation and amortization (EBITDA), or core earnings, grew nearly 23% to 5.62 billion rupees, the company said in an investor presentation. Redington shares rose as much as 11.2% to 152.70 rupees after the earnings.

☆ When Adrian Meronk met Tiger Woods
▼ + stars: | 2022-10-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

At the Open Championship in July, the Polish golfer tracked down Tiger Woods for a photo. Twenty-four hours later, he was chatting away with the 15-time major champion for nine holes of the legendary St. Andrews Old Course. For Meronk, it was important to begin with competition advice, especially as Woods is a two-time Open champion at St. Andrews. He was very open.”Meronk and Woods stroll past the St. Andrews Old Course Hotel. “To be able to win on the DP World Tour was always a goal of mine, always a dream,” Meronk said.

☆ Explainer: Why are Britain's pension schemes dumping gilts?
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +4 min

WHAT ARE DEFINED BENEFIT PENSION SCHEMES? Defined benefit (DB) pension schemes pay pensioners a fixed annual amount, often a proportion of the final salary they earned as employees. Register now for FREE unlimited access to Reuters.com RegisterThe pension schemes invest typically more than half of their assets in bonds, in order to pay pension liabilities decades into the future. To avoid being exposed to market volatility, the schemes typically hedge their positions through gilt derivatives managed by so-called liability-driven investment (LDI) funds. LDI funds also sold index-linked gilts to shore up the cash in their funds.

Search resuls for: "Redington"

9 mentions found