The times. (Gainesville, Ga.) 1972-current, December 12, 2018, Image 11

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The times., December 12, 2018, Image 11

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Newspaper Page Text0D BUSINESS Jeff Gill | Business reporter 770-718-3408 | jgill@gainesvilletimes.com The Times, Gainesville, Georgia Wednesday, December 12, 2018 Hertz, Clear to begin biometric scans JEFF MARTIN I Associated Press A rental car driver uses a new biometric scanning machine by placing his finger on the reader at the Hertz facility, Friday, Dec. 7, at Hartsfield-Jackson Atlanta International Airport. BY DEE-ANN DURBIN Associated Press Biometric screening is expanding to the rental car industry. Hertz said Tuesday it is teaming up with Clear, the maker of biometric screen ing kiosks found at many airports, in an effort to slash the time it takes to pick up a rental car. Clear hopes it will lead more travelers to its platform, which has 3 million members in the U.S. It’s the latest place con sumers will find biomet ric technology, which has migrated over the last 50 years from government facil ities and banks to airports, stadiums and even smart phones that unlock with the touch a fingerprint. Hertz is the first rental car company to use the technology. Improvements in cameras and other technology have made it cheaper to install scanners that can read fin gerprints, faces, and irises. More than 100 airports worldwide use biometric readers from Clear, Vision- Box and other companies to scan passengers. Walt Disney World verifies visitors’ iden tity by scanning fingerprints. And the advancements will keep coming. Microsoft is working with Australia’s national bank on cardless ATM machines that would let people withdraw cash using a facial scan and per sonal identification number. Universities in London and Copenhagen have on-campus groceries that let students pay with their finger. Some laptops can now be unlocked with a fingerprint scan. Hertz with Clear launched their biometrics scans this week at Hartsfield-Jackson Atlanta International Air port. It will be rolled out to 40 more U.S. Hertz locations next year, including John F. Kennedy Airport in New York, San Francisco Interna tional Airport and Los Ange les International Airport. Hertz Gold Plus Rewards loyalty program members with Clear will be able to bypass the counter, pick up their car and head to the exit gate. There, Clear pods equipped with cameras and touchscreens can read their face or their fingerprints. If they match up with Hertz’s data, the gate will open. Hertz President and CEO Kathy Marinello expects Clear to shave 1.5 minutes off what’s now a two-minute checkout process. “In the world of travel, I think time is of the essence,” she said. The service is free for members of the Gold Plus Rewards program, which also has no fee. Travelers can sign up for Clear at a Hertz location. To upgrade to airport service, which prom ises to move Clear members through security lines more quickly, travelers must pay a monthly fee of $15. Clear says it’s the first time it will be identifying members based on their face instead of their iris or their fingerprints. Clear CEO Caryn Seidman-Becker says the cameras can take measurements and iden tify differences in facial features. Retailers go from ‘clicks to bricks’ Brands born on the internet embrace malls to create immersive experiences TED SHAFFERYI Associated Press A sales associate is seen through a window display helping a customer try on a parka Nov. 2, at the Mall at Short Hills in Short Hills, N.J. Outerwear brand Canada Goose unveiled a store with a cold room where customers can try on its $1,000 parkas in sub-zero temperatures. BY ANNE D’INNOCENZIO Associated Press SHORT HILLS, N.J. — Online retailers are getting physical. A growing number of brands born on the internet are now opening brick-and-mortar stores and moving into the sub urban malls once considered doomed as more Americans shopped online. But they’re taking it even further by doubling-down on the tactile experience. Online mattress retailer Casper, for instance, is opening stores that allow customers to book naps and test out mattresses before buying. Indochino — the online tailor — decided to borrow from the old Savile Row model where customers can be measured face-to-face for custom suits. “Online brands have embraced clicks-to-bricks,” said Faith Hope Consolo, chairman of Prudential Doug las Elliman’s retail division. “Shoppers love to touch, inter act and try on in person and malls are upping the ante by offering immersive experi ences that are exciting and memorable.” The store openings mark a major shift for formerly online-only brands that just a few years ago believed they didn’t need a physical pres ence to generate robust sales growth. Digital natives are now finding that the cost of acquir ing new customers online is soaring as competition for eyeballs has increased the cost of online ads on Google and other platforms. At the same time, opening a store has become more afford able as higher mall vacancies have prompted landlords to offer flexible leases and other perks. It can be 10 times more expensive to acquire a new customer online as it is with a physical store, said Jim Ward, who heads up recruiting for online brands for mall owner CBL. There are now roughly 600 stores across the country from these online natives, accord ing to Green Street Advisors, a real estate research firm. Bonobos, which now has 60 stores and sells men’s cloth ing, plans to have 100 by 2020. Online eyewear retailer Warby Parker, which opened its first store in 2013, will have nearly 100 stores by year-end. Others are following suit. Casper plans to have about 200 stores in the next two to three years, up from the cur rent 20. And Fabletics, an active sportswear brand co founded by celebrity Kate Hudson, aims to quadruple the number to 100. For a brand that’s less than 10 years old, new store openings mean a 45 percent increase on average in online traffic, says a recent survey by International Council of Shopping Centers. But not every mall is bene fiting from the shift by online retailers. Digital brands are clustering in top-tier shopping centers, driving an increas ingly large gap between the poshest of malls and those struggling to fill vacancies. While many online brands are planting stores in destinations around New York and Los Angeles, they’re also launch ing stores in Oklahoma City and Birmingham, Alabama. “We’re not considering any thing outside of the premiere malls,” Dave Gilboa, co founder and co-CEO of Warby Parker. The physical stores often provide a level of conve nience that the web lacks. At the upscale Mall at Short Hills in New Jersey, pre dental college student Calev Glick, 20, stopped by Indo chino on a recent Friday to get measured for a suit for syna gogue. He considers himself an “Amazon guy” because he doesn’t have much time to go out shopping. “At a traditional depart ment store, you kind of hope it fits,” Glick said. “Here, I am getting all the help I need. I am going to be here two hours and I’m going to get it shipped to my house.” Digital natives still account for a tiny fraction of overall mall tenants, yet they could soon have a “material” effect on mall revenues, says Bill Taubman, chief operating officer of mall operator and owner Taubman Centers. Ron Harries, head of retail for Fabletics, said that open ing physical stores wasn’t in the company’s original plan in late 2014, but it realized that a physical location could acquire customers more efficiently. “This gives you an opportu nity to reach customers who are not shopping online,” Harries said. Moonves’ exit pay to be determined by new CBS board BY MAE ANDERSON AND ALEXANDRA OLSON Associated Press NEW YORK — The newly elected CBS board faces daunting tasks: deciding whether former CEO Les Moonves gets a $120 million exit pack age following a sexual-misconduct investigation and charting a path for CBS to recover. CBS shareholders ratified the 11 board members, includ ing six new ones, at an annual meeting Tuesday. The board now has until the end of Janu ary to decide whether CBS fired Moonves with or without cause, a determination that will affect his eligibility for sever ance. An investigation by two outside law firms could conclude this month. Meanwhile, a search for a new CEO is ongoing. Strauss Zelnick, filling Moonves’ role as board chairman on an interim basis, said that a recruit ing firm has been hired to conduct the search and that a decision will be made in due course. CBS hasn’t announced a timetable. Moonves was ousted in September after The New Yorker published allegations from 12 women who said he subjected them to mistreat ment that included forced oral sex, groping and retaliation if they resisted. The New York Times said a report on the out side investigation found Moonves committed “multiple acts of serious nonconsensual sexual misconduct. ” Citing the report, the Times said he deleted numerous text messages and was “eva sive and untruthful at times.” The investigators said their work was still in progress, and a lawyer for Moonves denied any wrongdoing. Tuesday’s meeting wrapped up in less than 30 minutes without discussion of Moonves. Because the investigation is ongoing, there was really no point in the board or company execu tives bringing up the allegations, said Porter Bibb, a former media executive now with the advisory firm Mediatech Capital Partners. He said any mention of Moonves would have put pressure on the board to remark on the sever ance before the investigation results were in. Though no shareholder raised the issue at the meeting, about a dozen protesters gathered out side as shareholders arrived. The protesters held such signs as “CBS don’t reward sexual abuse” and “$120M?! Les doesn’t deserve more.” “The board of directors has all the information they need to fire him with cause and to deny him the $120 million golden parachute,” said Natalie Green of the Ultraviolet, an online organization dedicated to fighting sexism in the public and pri vate sectors. Moonves Stock Exchange Highlights ■ NYSE W' 11,860.65 -28.64 A Nasdaq ■ 7,031.83 +11.31 Gainers ($2 or more) Gainers ($2 or more) Name Last Chg %Chg Name Last Chg %Chg MaidnH pfD 8.08 Maiden pfC 8.11 AACHIdgs 2.74 HarteHk rs 3.34 Maiden prA 9.39 GolLinhss 10.69 QntmDSS rs 2.35 Starret 5.18 MaidenHId M6.00 Aphria n 6.14 +1.67 +26.1 +1.66 +25.7 +.48 +21.2 +.46 +16.0 +1.15 +14.0 +1.22 +12.9 +.24 +11.4 +.53 +11.4 +1.59 +11.0 +.53 +9.4 Losers (S2 or more) Name Last Chg %Chg Aramark 31.16 QuanexBId 12.35 NL Inds 3.42 RayAdvM PPDAI n Ingevity EnzoBio BiohvnPh n 36.61 Amerigas 29.00 VinceHIg rs 9.35 11.79 4.43 77.56 2.95 -4.40 -12.4 -1.71 -12.2 -.47 -12.1 -1.40 -10.6 -.52 -10.5 -8.95 -10.3 -.32 -9.8 -3.85 -9.5 -2.98 -9.3 -.96 -9.3 Most Active ($1 on more) Name Vol (00) Last Chg GenElec 1244491 BkofAm 784309 ChesEng 518925 NokiaCp 467301 AT&T Inc 443573 FordM 390825 LloydBkg 331410 WellsFargo 323305 Twitter 300739 Vale SA 265971 6.76 24.58 2.57 -.17 -.18 -.08 5.84 +.16 29.70 -.21 8.54 +.02 2.53 -.11 47.76 -1.04 34.45 +1.02 13.01 +.15 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,263 1,555 76 2,894 35 279 3,862,102,814 DrprOkw n 10.23 Corcept 17.17 NF EngSv 20.44 PermaFix 2.99 Polarity rs 16.67 ConiferH n 4.77 OasmiaPh n 3.58 Chantic rs 2.08 TizianaLf n 7.99 Gogo 3.86 +3.80 +59.1 +4.19 +32.3 +3.67 +21.9 +.49 +19.6 +2.50 +17.6 +.65 +15.8 +.47 +15.1 +.27 +14.9 +.00 +14.2 +.40 +11.6 Losers ($2 or more) Name Last Chg %Chg DestMatrn 3.01 StitchFix n 20.54 GoldBull n 4.00 NanoVib n 3.05 YangRvPt n 6.34 LiveOakB n 13.68 CalAmp 14.18 SutroBio n 10.13 AcordaTh 16.16 LexnFint n 6.62 -1.00 -24.9 -5.43 -20.9 -1.00 -20.0 -.70 -18.7 -1.45 -18.6 -2.94 -17.7 -2.81 -16.5 -1.83 -15.3 -2.87 -15.1 -.91 -12.1 Most Active ($1 or more) Name Vol (00) Last Chg AMD Apple Inc Microsoft GulfportE SiriusXM 878167 459636 423422 355197 273077 NewAgeB n266266 MicronT 261431 StitchFix n 259671 Cisco 250632 Comcast s 238908 19.98 -.01 168.63 -.97 108.59 +1.00 9.75 +.23 6.26 +.06 5.44 +.40 35.21 +.41 20.54 -5.43 47.09 +.23 36.84 -.51 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,322 1,583 157 3,062 19 263 2,188,571,272 Stocks of Local Interest Name Ex YTD Div Yld PE Last Chg %Chg AFLAC S 1.04 2.4 13 42.64 -.40 0.0 Intel 1.20 2.5 18 47.38 +.17 +2.6 AT&T Inc 2.00 6.7 6 29.70 -.21 -23.6 IBM 6.28 5.2 9 120.89 -.24 -21.2 AbbottLab 1.12 1.6 30 71.84 +.92 +25.9 JohnJn 3.60 2.5 20 146.50 +1.24 +4.9 AMD 19.98 -.01 +94.4 Lowes 1.92 2.1 20 89.48 +.05 -3.7 Altria 3.20 5.9 17 53.95 +.59 -24.5 MYOS 1.70 +.61 +25.4 Apple Inc 2.92 1.7 17 168.63 -.97 -.4 MarathnO .20 1.3 15.33 +.03 -9.5 ATMOS 1.94 2.0 18 98.50 +.05 +14.7 McDnlds 4.64 2.5 28 183.59 -1.06 +6.7 AutoZone 18 878.34 -7.53 +23.5 Merck 2.20 2.9 29 77.11 -.31 +37.0 AveryD 2.26 2.5 26 91.10 -.07 -20.7 MicronT 3 35.21 +.41 -14.4 BB&T Cp 1.62 3.5 13 46.56 -.39 -6.4 Microsoft 1.84 1.7 45 108.59 +1.00 +26.9 BP PLC 2.38 6.1 11 39.08 -.29 -7.0 NewAgeB n ... 5.44 +.40+150.7 BkofAm .60 2.4 12 24.58 -.18 -16.7 NorflkSo 3.20 2.1 23 155.52 -.36 +7.3 BarnesNob .60 8.4 7.13 +.11 +6.4 OfficeDpt .10 3.4 8 2.94 +.05 -16.9 BarrickG .12 .9 76 13.60 -.24 -6.0 Oracle .76 1.6 50 46.46 -.21 -1.7 Boeing 6.84 2.1 30 322.03 -4.32 +9.2 Penney 1.38 +.02 -56.3 BrMySq 1.64 3.1 52 52.43 -.15 -14.4 PepsiCo 3.71 3.2 34 117.29 +1.10 -2.2 CSX .88 1.3 10 68.09 -.21 +23.8 Pfizer 1.36 3.1 18 44.01 -.39 +21.5 CampSp 1.40 3.6 14 38.82 +1.10 -19.3 PhilipMor 4.56 5.4 20 84.33 +.11 -20.2 Caterpillar 3.44 2.8 12 123.24 -.15 -21.8 Primerica 1.00 1.0 12 102.80 -.97 +1.2 ChesEng 4 2.57 -.08 -35.1 ProctGam 2.87 3.1 23 93.91 +.88 +2.2 Chevron 4.48 3.9 24 115.47 +.53 -7.8 RegionsFn .56 4.0 12 14.16 -.23 -18.1 Cisco 1.32 2.8 24 47.09 +.23 +23.0 Schlmbrg 2.00 4.8 24 41.24 -.73 -38.8 Citigroup 1.80 3.2 9 56.22 -.85 -24.4 SiriusXM .05 .8 35 6.26 +.06 +16.8 CocaCola 1.56 3.1 93 49.54 +.30 +8.0 SouthnCo 2.40 5.0 22 47.56 +.34 -1.1 Comcast s .76 2.1 18 36.84 -.51 -7.6 SwstnEngy 5 4.24 +.02 -24.0 ConAgra .85 2.8 15 30.61 +.20 -18.7 StitchFix n 20.54 -5.43 -20.5 Cummins 4.56 3.4 37 134.40 -1.89 -23.9 SunTrst 2.00 3.7 9 54.51 -1.06 -15.6 Disney 1.76 1.6 15 111.97 +.11 +4.1 SynovusFn 1.00 3.0 12 33.81 -.36 -29.5 DowDuPnt 1.52 2.9 17 53.26 -.54 -25.2 3M Co 5.44 2.8 27 197.46 -.86 -16.1 Equifax 1.56 1.6 17 97.04 -1.40 -17.7 Torchmark .64 .8 6 78.05 -.87 -14.0 ExxonMbl 3.28 4.3 14 76.68 +.14 -8.3 Twitter 34.45 +1.02 +43.5 Facebook 27 142.08 +.23 -19.5 Tyson 1.20 2.2 10 55.80 +.39 -31.2 FordM .60 7.0 4 8.54 +.02 -31.6 UtdCmBks .64 2.8 13 22.98 -.25 -18.3 FrptMcM .20 1.9 7 10.76 +.07 -43.2 UPS B 3.64 3.5 17 103.58 -.82 -13.1 GenElec .04 .6 6.76 -.17 -61.3 VerizonCm 2.41 4.1 7 58.85 +.58 +11.2 GenuPrt 2.88 2.9 21 99.11 -.21 +4.3 Vodafone 1.74 8.7 20.11 -.03 -37.0 GulfportE 4 9.75 +.23 -23.6 WalMart 2.08 2.2 54 93.85 -.09 -5.0 HP Inc .64 2.8 7 22.55 -.38 +7.3 Weathflntl .45 -.01 -89.2 Haverty .72 3.7 20 19.24 -.32 -15.1 WeisMk 1.24 2.7 11 45.65 +.40 +10.3 Hershey 2.89 2.7 23 107.91 +.78 -4.9 WellsFargo 1.72 3.6 12 47.76 -1.04 -21.3 HomeDp 4.12 2.4 19 172.21 +.52 -9.1 YumBrnds 1.44 1.6 32 89.81 -.45 +10.0 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: 24,370.24 Change: -53.02 (-0.2%) 27,200 26,400 25,600 24,800 26,000 24,940/ 23,880 10 DAYS J J A S 0 N D 52-Week Net YTD 12-mo High Low Name Last Chg %Chg %Chg %Chg 26,951.81 23,344.52 Dow Industrials 24,370.24 -53.02 -.22 -1.41 -.55 11,623.58 9,666.65 Dow Transportation 9,831.00 -45.54 -.46 -7.36 -5.18 762.97 647.81 Dow Utilities 756.94 +1.45 +.19 +4.64 +1.15 13,637.02 11,696.58 NYSE Composite 11,860.65 -28.64 -.24 -7.40 -6.59 8,133.30 6,630.67 Nasdaq Composite 7,031.83 +11.31 +.16 +1.86 +2.47 1,309.73 1,118.69 S&P 100 1,170.08 -.33 -.03 -1.10 -.88 2,940.91 2,532.69 S&P 500 2,636.78 -.94 -.04 -1.38 -1.03 2,053.00 1,746.06 S&P MidCap 1,763.45 -6.08 -.34 -7.21 -6.40 30,560.54 26,293.62 Wilshire 5000 27,140.36 -19.75 -.07 -2.35 -1.74 1,742.09 1,422.98 Russell 2000 1,440.13 -2.97 -.21 -6.21 -5.01 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 253,238 244.49 -5.0 +1.0/B +10.4/A NL 3,000 Vanguard TtlSMIdxAdmrl LB 203,888 65.71 -5.0 +0.5/B +9.9/A NL 3,000 Fidelity 500ldxlnsPrm LB 164,099 92.52 -5.0 +1.0/A +10.4/A NL 0 Vanguard TtlSMIdxInv LB 129,896 65.67 -5.1 +0.4/B +9.8/A NL 3,000 Vanguard TtlnSIdxInv FB 128,269 15.46 -4.3 -11.7/B +1.8/B NL 0 Vanguard TtlSMIdxIns LB 123,279 65.72 -5.1 +0.5/B +9.9/A NL 5 000,000 Vanguard Insldxlns LB 116,738 241.21 -5.0 +1.0/B +10.4/A NL 5 000,000 Vanguard InsIdxInsPlus LB 104,731 241.23 -5.0 +1.0/A +10.4/A NL100,000,000 Vanguard TtlnSIdxInsPlus FB 95,758 103.43 -4.3 -11.6/B +1.9/A NL100,000,000 Fidelity Contrafund LG 91,616 11.46 -5.0 +2.0/C +11.0/B NL 0 Vanguard TtBMIdxAdmrl Cl 86,606 10.36 +1.4 -0.9/B +2.2/C NL 3,000 Vanguard WlngtnAdmrl MA 86,207 70.29 -2.6 -0.5/A +7.3/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.