The times. (Gainesville, Ga.) 1972-current, December 07, 2018, Image 18

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The times., December 07, 2018, Image 18

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Newspaper Page TextED BUSINESS Jeff Gill | Business reporter 770-718-3408 | jgill@gainesvilletimes.com The Times, Gainesville, Georgia Friday, December 7, 2018 Sails make a comeback NORSEPOWER I For Associated Press Tuomas Risk, CEO of Finnish company Norsepower, poses November 2016, in the North Sea, in front of one of his company’s rotor sails, one of the new technologies the shipping industry is looking at in a search for solutions to cut greenhouse gas emissions. Startups pitch wind power as shipping faces rising pressure to cut emissions BY KELVIN CHAN Associated Press LONDON — As the shipping industry faces pressure to cut climate-altering greenhouse gases, one answer is blowing in the wind. European and U.S. tech companies, including one backed by airplane maker Airbus, are pitching futuristic sails to help cargo ships harness the free and endless supply of wind power. While they some times don’t even look like sails — some are shaped like spinning columns — they represent a cheap and reliable way to reduce C02 emissions for an industry that depends on a dirty form of fossil fuels. “It’s an old technology,” said Tuomas Riski, the CEO of Norsepower, which added its “rotor sail” technology for the first time to a tanker in August. “Our vision is that sails are coming back to the seas.” Denmark’s Maersk Tankers is using its Pelican oil tanker to test Norsepower’s 98 foot deck-mounted spinning columns, which convert wind into thrust based on an idea first floated nearly a century ago. Separately, A.P. Moller-Maersk, which shares the same owner and is the world’s biggest container shipping company, pledged this week to cut carbon emissions to zero by 2050, which will require devel oping commercially viable carbon neutral vessels by the end of next decade. The shipping sector’s interest in “sail tech” and other ideas took on greater urgency after the International Maritime Organization, the U.N.’s maritime agency, reached an agreement in April to slash emissions by 50 percent by 2050. Transport’s contribution to earth-warm ing emissions are in focus as negotiators in Katowice, Poland, gather for U.N. talks to hash out the details of the 2015 Paris accord on curbing global warming. Shipping, like aviation, isn’t covered by the Paris agreement because of the dif ficulty attributing their emissions to indi vidual nations, but environmental activists say industry efforts are needed. Ships belch out nearly 1 billion tons of carbon dioxide a year, accounting for 2-3 percent of global greenhouse gases. Notoriously resistant to change, the shipping industry is facing up to the need to cut its use of cheap but dirty “bun ker fuel” that powers the global fleet of 50,000 vessels — the backbone of world trade. The IMO is taking aim more broadly at pollution, requiring ships to start using low-sulfur fuel in 2020 and sending ship owners scrambling to invest in smoke stack scrubbers, which clean exhaust, or looking at cleaner, pricier distillate fuels. A Dutch group, the Goodshipping Pro gram, is trying biofuel, which is made from organic matter. It refueled a con tainer vessel in September with 22,000 liters of used cooking oil, cutting carbon dioxide emissions by 40 tons. In Norway, efforts to electrify mari time vessels are gathering pace, high lighted by the launch of the world’s first all-electric passenger ferry, Future of the Fjords, in April. Chemical maker Yara is meanwhile planning to build a battery- powered autonomous container ship to ferry fertilizer between plant and port. Ship owners have to move with the times, said Bjorn Tore Orvik, Yara’s proj ect leader. Building a conventional fossil-fueled vessel “is a bigger risk than actually look ing to new technologies... because if new legislation suddenly appears then your ship is out of date,” said Orvik. Michigan first state in midwest to legalize recreational marijuana DETROIT — Michigan is now the first state in the Midwest to allow marijuana for more than medical purposes. Thursday marks the first day for the legal recreational partaking of pot in Michigan fol lowing voters’ strong endorsement in the Nov. 6 election. Staff at the Lansing City Pulse, an alternative newspaper, marked the day by handing out free joints across the street from the Capitol. Michigan is among nearly a dozen states and the District of Columbia with legalized recre ational marijuana. Still, retail shops are still months away and must involve state regulators. Residents age 21 and older can possess or transport up to 2.5 ounces of marijuana and grow up to 12 plants out of public view. It can be consumed only at homes or other private property, though landlords and employers can prohibit it. Walgreens expands prescription delivery program nationwide Walgreens is joining rival drugstore chain CVS in expanding home deliveries for pre scriptions nationwide, as stores continue adjusting to a retail world made more con sumer-friendly by online competition. Walgreens said Thursday it will partner with FedEx to deliver prescriptions as soon as the next day for a $4.99 fee, and it also is providing same-day deliveries in several cit ies. The company started offering deliveries in several markets in October. Walgreens and FedEx Corp. began a part nership last year where the drugstore chain started offering drop-off and pick-up services at several thousand stores. Investors have been worried about a poten tial Amazon leap into the turf of drugstores after Amazon sent drugstore shares tum bling briefly in June when it announced the acquisition of PillPack, an online pharmacy offering pre-sorted dose packaging and home delivery. Lyft aims to beat Uber to US stock market with IPO Lyft still hasn’t caught up to Uber in the rap idly growing ride-hailing market, but it’s ahead in the race to sell its stock on the public market where the two companies could raise billions to help finance their expansion. The San Francisco company has taken the first step toward listing its shares on the U.S. stock market by filing confidential docu ments for an initial public offering. The filing, announced by Lyft Thursday, is expected to become publicly available early next year, a few weeks before Lyft’s investment banks price the shares after gauging investor demand. Both the IPO price and the number of shares that will be sold will be revealed leading up to Lyft’s stock market debut. Associated Press Study finds Google results may be skewed to user BY CHRISTIAN HETRICK Tribune News Service Google users get different results when they search for the same terms, even when logged out of their Google account and in pri vate browsing mode, according to a study by DuckDuckGo, a Google rival based in Paoli, Pa. Google said the study was flawed. DuckDuckGo said most of its 87 survey participants received unique lists of links when search ing Google for “gun control,” “immigration,” and “vaccination.” For example, 76 people across the United States saw 62 different sets of search results for “gun control,” despite using Google’s private browsing mode, called “Incognito.” The users submitted identical queries at the same time, and the survey didn’t count different local websites as a variation in results, DuckDuckGo said. One person who searched for “gun control” saw a link to the National Rifle Association at the top of the results page, with Wikipe dia listed later. Another’s top result was Wikipedia without any link to the NRA on the first results page. A third got the NRA link, but nothing from Wikipedia. DuckDuckGo did not provide information about the participants’ political leanings. Even if results generate the same links, the order they occur in can have a major influence on which one a user clicks, according to DuckDuckGo. It said a given link can get twice as many clicks as the link after it. DuckDuckGo is a nationally- known privacy-centric internet search site that says it doesn’t store or share user data. CEO Gabriel Weinberg is a frequent critic of internet privacy practices. The survey used a tiny sample size and was not scientific. Duck DuckGo solicited volunteers on Twitter and participants submitted screenshots of their results. But Weinberg said the “intense varia tion” of search results suggests they may be personalized to a user. He said DuckDuckGo chose political topics to show the level of influence Google could have on voters. “We don’t ascribe any intention around influencing political topics. It’s more a natural consequence of these algorithms,” Weinberg said. “That said, it’s a bit reckless.” Google said DuckDuckGo’s sug gestions the search results were personalized is “simply not true. ” “This study’s methodology and conclusions are flawed since they are based on the assumption that any difference in search results are based on personalization,” a Google spokesperson said in a statement. “In fact, there are a number of fac tors that can lead to slight differ ences, including time and location, which this study doesn’t appear to have controlled for effectively.” The web giant said a user who is logged out and searching in Incog nito mode won’t receive custom ized results based on a user’s prior signed-in search history. In addi tion, the company said it does not personalize articles listed in the “Top Stories” section in search or in the news tab. Google cited other factors that could lead to users receiving dif ferent results for the same search terms. The exact timing of the query could affect results, espe cially for rapidly evolving news topics (like gun control and immi gration). The user’s proximity to data centers that are refreshed constantly could also play a role, as well as localization of query results. Stock Exchange Highlights V NYSE 12,144.41 -77.57 A Nasdaq JH 7,188.26 +29.83 Gainers ($2 or more) Name Last Chg %Chg Aphria n 5.54 Cloudera n 13.01 EnzoBio 3.27 MS Asia 16.79 B&N Ed n 4.80 SendGrid n 46.39 Twilio n 96.19 WldWEnt 76.57 Revlon 24.39 Weyerhsr 26.74 +1.03 +22.8 +1.42 +12.3 +.29 +9.7 +1.49 +.33 +3.12 +6.49 +5.01 +1.53 +1.62 +9.7 +7.4 +7.2 +7.2 +7.0 +6.7 +6.4 Losers (S2 or more) Name Last Chg %Chg PSBMetDS 6.83 Tronox 7.69 Methode 25.01 MaidnH pfD 7.85 Signetjwlrs 41.00 Maiden pfC 7.85 NeoPhoton 6.49 ION Geo rs 7.60 AtHomGr n 23.75 VenatorM n 4.29 -5.03 -42.4 -2.32 -23.2 -6.18 -19.8 -1.90 -19.5 -9.03 -18.0 -1.56 -16.6 -1.25 -16.1 -1.32 -14.8 -4.06 -14.6 -.72 -14.4 Most Active ($1 on more) Name Vol (00) Last Chg BkofAm 1332093 GenElec 1122533 ChesEng 561737 FordM 537672 Transocn 517860 AT&T Inc 500064 WellsFargo 402820 Oracle 397824 Citigroup 377435 Vale SA 357752 26.28 -.56 7.35 +.07 2.72 -.17 9.02 -.16 8.74 -.58 30.53 -.20 51.09 -.69 46.68 -2.07 60.06 -2.20 13.53 -.07 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,086 1,754 54 2,894 33 613 5,071,574,168 Gainers ($2 or more) Name Last Chg %Chg TheStreet 2.06 Uxin Ltd n 3.76 MDCPrgs 3.28 KLX EnS n 25.23 NF EngSv 14.19 KodiakSc n 9.30 Liquidity 7.27 PhaseBio n 3.88 MarinusPh 5.31 DelFriscos 7.90 +.54 +35.5 +.90 +31.5 +.78 +31.2 +5.43 +27.4 +2.67 +23.2 +1.70 +22.4 +1.16 +19.0 +.60 +18.3 +.79 +17.5 +1.12 +16.5 Losers ($2 or more) Name Last Chg %Chg TonixP hrs Hexindai n C00IHI rs ENDRA n Sigmatr Ollies n ContraFect LandsEnd Momo G-lll s 3.15 2.24 2.07 2.32 3.30 71.90 2.08 17.93 27.05 34.91 -1.07 -25.4 -.76 -25.3 -.59 -22.2 -.61 -20.8 -.83 -20.0 ■14.93 -17.2 -.39 -15.8 -3.30 -15.5 -4.64 -14.6 -5.85 -14.4 Most Active ($1 or more) Name Vol (00) Last Chg AMD 1031248 21.30 +.18 Microsoft 472697 109.19 +.67 Apple Inc 427019 174.72 -1.97 SiriusXM 397003 6.35 +.16 Cisco 395284 48.39 +1.04 MicronT 373723 37.67 +.79 Intel 312251 48.37 +.62 MarvellTch 279958 16.09 +.59 Facebook 276243 139.63 +1.70 Comcast s 264147 37.88 +.19 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,135 1,814 132 3,081 11 446 2,739,588,003 Stocks of Local Interest Name Ex YTD Div Yld PE Last Chg %Chg AFLAC S 1.04 2.4 14 43.55 -.74 0.0 HP Ent n .45 2.8 38 16.02 +.97 +11.6 AT&T Inc 2.00 6.6 6 30.53 -.20 -21.5 HomeDp 4.12 2.3 19 175.96 +.66 -7.2 AbbottLab 1.12 1.6 30 71.54 +.04 +25.4 Intel 1.20 2.5 18 48.37 +.62 +4.8 AMD 21.30 +.18+107.2 IBM 6.28 5.1 9 123.91 +2.31 -19.2 Altria 3.20 5.9 17 54.40 ... -23.8 JPMorgCh 2.24 2.1 14 105.19 -2.04 -1.6 Aphria n 5.54 +1.03 -54.8 JohnJn 3.60 2.5 20 145.91 -.12 +4.4 Apple Inc 2.92 1.7 18 174.72 -1.97 +3.2 Lowes 1.92 2.1 20 90.95 +.62 -2.1 ATMOS 1.94 2.0 18 98.55 +.99 +14.7 MarvellTch .24 1.5 21 16.09 +.59 -25.1 AutoZone 17 868.68 11.39 +22.1 McDnlds 4.64 2.5 28 185.45 +.41 +7.7 AveryD 2.26 2.4 27 93.85 +.18 -18.3 Merck 2.20 2.8 29 78.37 +.16 +39.3 BB&T Cp 1.62 3.4 14 48.14 -.23 -3.2 MicronT 3 37.67 +.79 -8.4 BP PLC 2.38 6.0 12 39.59 -1.36 -5.8 Microsoft 1.84 1.7 45 109.19 +.67 +27.6 BkofAm .60 2.3 12 26.28 -.56 -11.0 Nabors .24 7.8 3.06 +.01 -55.2 BarnesNob .60 8.8 6.82 -.12 +1.8 NorflkSo 3.20 2.0 24 162.19 -3.70 +11.9 Boeing 6.84 2.1 31 331.90 10.60 +12.5 OfficeDpt .10 3.2 9 3.12 -.02 -11.9 BrMySq 1.60 3.0 53 53.25 +1.22 -13.1 Oracle .76 1.6 50 46.68 -2.07 -1.3 CSX .88 1.3 10 69.82 -.78 +26.9 Penney 1.39 +.03 -56.0 CampSp 1.40 3.7 14 38.22 -.37 -20.6 PepsiCo 3.71 3.2 34 116.84 -.96 -2.6 Caterpillar 3.44 2.7 12 128.37 -.95 -18.5 Pfizer 1.36 3.0 18 44.98 -.16 +24.2 ChesEng 4 2.72 -.17 -31.3 PhilipMor 4.56 5.3 21 85.29 -.14 -19.3 Chevron 4.48 3.9 24 115.91 -1.33 -7.4 Primerica 1.00 .9 13 108.95 -1.44 +7.3 Cisco 1.32 2.7 24 48.39 +1.04 +26.3 ProctGam 2.87 3.1 23 93.55 +.24 +1.8 Citigroup 1.80 3.0 10 60.06 -2.20 -19.3 RegionsFn .56 3.7 13 15.30 -.29 -11.5 CocaCola 1.56 3.2 93 49.38 -.20 +7.6 SiriusXM .05 .8 35 6.35 +.16 +18.5 Comcast s .76 2.0 18 37.88 +.19 -5.0 SouthnCo 2.40 5.2 22 46.52 -.72 -3.3 ConAgra .85 2.7 15 31.62 -.46 -16.1 SunTrst 2.00 3.4 10 58.44 -.23 -9.5 Cummins 4.56 3.2 40 142.29 -4.08 -19.4 SynovusFn 1.00 2.9 12 34.78 -.67 -27.5 Disney 1.76 1.5 15 114.33 +1.46 +6.3 3M Co 5.44 2.7 28 202.68 +.48 -13.9 DowDuPnt 1.52 2.7 18 55.92 -.57 -21.5 Torchmark .64 .8 6 81.00 -1.22 -10.7 EnCanag .06 .9 11 6.47 -.28 -51.5 Transocn 8.74 -.58 -18.2 ENSCO .04 .8 5.15 -.66 -12.9 Twitter 32.96 +.40 +37.3 Equifax 1.56 1.6 17 100.32 +1.04 -14.9 Tyson 1.20 2.1 11 57.90 -.34 -28.6 ExxonMbl 3.28 4.2 14 78.39 -1.04 -6.3 UtdCmBks .64 2.7 14 23.91 +.14 -15.0 Facebook 26 139.63 +1.70 -20.9 UPS B 3.64 3.4 18 108.04 +1.27 -9.3 FordM .60 6.7 5 9.02 -.16 -27.8 VerizonCm 2.41 4.1 7 58.08 -.01 +9.7 GenElec .48 6.5 7.35 +.07 -57.9 Vodafone 1.74 8.4 20.75 +.03 -35.0 GenuPrt 2.88 2.9 22 101.05 -2.19 +6.4 WalMart 2.08 2.2 54 94.77 -1.04 -4.0 HP Inc .64 2.7 7 24.02 +.78 +14.3 Weathflntl .53 -.02 -87.3 Haverty .72 3.6 21 20.07 +.01 -11.4 WeisMk 1.24 2.7 11 45.63 +.49 +10.2 HeliosM rs .02 ...-100.0 WellsFargo 1.72 3.4 12 51.09 -.69 -15.8 Hershey 2.89 2.7 24 108.14 +.04 -4.7 YumBrnds 1.44 1.6 33 91.50 +.82 +12.1 Name Ex YTD Div Yld PE Last Chg %Chg Stock Footnotes: g = Dividends and earnings in Canadian dollars, h = Does not meet continued-listing standards. If = Late filing with SEC. n = New in past 52 weeks, pf = Preferred, rs = Stock has undergone a reverse stock split of at least 50 percent within the past year, rt = Right to buy security at a specified price, s = Stock has split by at least 20 percent within the last year, un = Units, vj = In bankruptcy or receivership, wd = When distributed, wi = When issued, wt = Warrants. Fund Footnotes: m - Multiple fees are charged, usually a marketing fee and either a sales or redemption fee. Source: The Associated Press. Sales figures are unofficial. Stock Market Indexes Dow Jones industrials Close: 24,947.67 Change: -79.40 (-0.3%) 27,200 26,400 25,600 24,800 26,000 25,120 24,240 10 DAYS J J A S O N 52-Week Net YTD 12-mo High Low Name Last Chg %Chg %Chg %Chg 26,951.81 23,344.52 Dow Industrials 24,947.67 -79.40 -.32 +.92 +3.04 11,623.58 9,757.50 Dow Transportation 10,358.70 -15.37 -.15 -2.39 -.03 770.08 647.81 Dow Utilities 749.34 -.50 -.07 +3.59 -.77 13,637.02 11,820.33 NYSE Composite 12,144.41 -77.57 -.63 -5.19 -3.38 8,133.30 6,630.67 Nasdaq Composite 7,188.26 +29.83 +.42 +4.13 +5.51 1,309.73 1,118.69 S&P 100 1,196.20 -1.28 -.11 +1.10 +2.71 2,940.91 2,532.69 S&P 500 2,695.95 -4.11 -.15 +.84 +2.24 2,053.00 1,769.25 S&P MidCap 1,817.48 -9.14 -.50 -4.37 -3.51 30,560.54 26,293.62 Wilshire 5000 27,775.79 -21.14 -.08 -.07 +1.44 1,742.09 1,436.43 Russell 2000 1,477.41 -3.34 -.23 -3.78 -2.83 Mutual Funds Name Total Assets Obj ($Mlns) NAV Total Return/Rank 4-wk 12-mo 5-year Pet Load Min Init Invt Vanguard 500ldxAdmrl LB 253,238 249.92 -1.9 +4.5/A +10.6/A NL 3,000 Vanguard TtlSMIdxAdmrl LB 203,888 67.23 -2.1 +4.0/B +10.1/A NL 3,000 Fidelity 500ldxlnsPrm LB 164,099 94.58 -1.9 +4.5/A +10.6/A NL 0 Vanguard TtlSMIdxInv LB 129,896 67.20 -2.1 +3.9/B +10.0/A NL 3,000 Vanguard TtlnSIdxInv FB 128,269 15.77 -3.0 -8.9/B +2.0/B NL 0 Vanguard TtlSMIdxIns LB 123,279 67.24 -2.1 +4.0/B +10.1/A NL 5 000,000 Vanguard Insldxlns LB 116,738 246.57 -1.9 +4.5/A +10.6/A NL 5 000,000 Vanguard InsIdxInsPlus LB 104,731 246.59 -1.9 +4.5/A +10.6/A NL100,000,000 Vanguard TtlnSIdxInsPlus FB 95,758 105.52 -3.0 -8.9/B +2.1/A NL100,000,000 Fidelity Contrafund LG 91,616 12.56 -2.1 +5.8/C +11.2/B NL 0 Vanguard TtBMIdxAdmrl Cl 86,606 10.34 +1.3 -1.4/B +2.2/C NL 3,000 Vanguard WlngtnAdmrl MA 86,207 71.14 -0.6 +1.4/B +7.4/A NL 50,000 Cl -Intermediate-Term Bond, FB -Foreign Large Blend, IH -World Allocation, LB -Large Blend, LG -Large Growth, LV -Large Value, MA -Moderate Allocation, WS -World Stock, Total Return: Chng in NAV with dividends reinvested. Rank: How fund performed vs. others with same objective: A is in top 20%, E in bottom 20%. Min Init Invt: Minimum $ needed to invest in fund. Source: Morningstar.