US business stockpiles rose 03 per cent in September sales unchanged

by Martin Crutsinger, The Associated Press Posted Nov 13, 2015 8:01 am MDT Last Updated Nov 13, 2015 at 11:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email WASHINGTON – U.S. businesses boosted their stockpiles in September by the largest amount in three months, while sales were flat.Businesses increased their inventories 0.3 per cent in September following a modest 0.1 per cent rise in August, the Commerce Department reported Friday. It was the biggest gain since a 0.7 per cent rise in June.Sales were unchanged in September after a 0.6 per cent drop in August.A major effort to work down an overhang of unsold inventories was a big drag on the economy in the summer. That shaved 1.4 percentage points from overall growth as measured by the gross domestic product, which slowed to a modest gain of 1.5 per cent.GDP growth in the July-September quarter was less than half the 3.9 per cent growth rate in the previous three-month period.Economists are looking for growth to accelerate in the current quarter. Strong employment gains are expected to boost consumer spending, prompting businesses to resume restocking their shelves.The government reported last week that that businesses created 271,000 jobs in October, the largest amount all year, pushing the unemployment rate down to 5 per cent.Friday’s inventory report showed that stockpiles held by retailers rose 0.8 per cent in September, with wholesale inventories up 0.5 per cent. Manufacturing stockpiles fell by 0.4 per cent.A separate report Friday showed that retail sales rose a tiny 0.1 per cent in October, a modest gain that was held back by lower gasoline costs. US business stockpiles rose 0.3 per cent in September; sales unchanged read more

Ohio State mens lacrosse falls at No 5 Maryland 108

OSU junior attacker Austin Shanks (11) during a game against Michigan on April 16 at Ohio Stadium. Credit: Samantha Hollingshead | Photo EditorSenior attacker Carter Brown’s three goals on Sunday were not enough, as the Ohio State men’s lacrosse team (6-8, 1-3) lost to No. 5 Maryland (11-2, 4-0) by a score 10-8 in College Park, Maryland.Brown continued his hot play of late, scoring three goals to follow up his two-goal, two-assist performance against Michigan on April 16 in the Showdown in the Shoe.The loss is part of a roller-coaster season for OSU in which the Buckeyes won five of their first six games, lost six in a row, then won in front of more than 20,000 fans against Michigan last week.Maryland started the day’s scoring when junior attacker Matt Rambo recorded his first of two goals to give the Terrapins the early lead.OSU responded when senior midfielder Jarret Hassfeld scored his first of two goals in the game and first of the season to even up the score.After a second goal by Maryland, OSU went on a 4-1 run, capped by a goal from sophomore midfielder Trevor Hodgins to take a 5-3 lead early in the second quarter.Maryland flipped the switch, though, and rattled off seven straight goals to take a 10-5 lead in the third quarter. Senior midfielder Bryan Cole and junior midfielder Colin Heacock scored two goals apiece during the run. The second goal was Heacock’s 30th on the season, a team-high for Maryland.OSU went on a 3-0 run to cut the lead to 10-8, the third being Brown’s third goal of the game with 9:14 left in the fourth quarter. However, senior goalie Kyle Bernlohr and the Maryland defense clamped down in the time remaining, sealing in the Maryland win.Bernlohr had six saves on the day, while OSU redshirt junior goalie Tom Carey had eight.The Buckeyes won 11 of 19 faceoffs in the game, but nine OSU turnovers led to a time-of-possession advantage for the Terrapins.The loss brings the Scarlet and Gray’s record to 1-3 in the Big Ten going into their final game of the season against Rutgers.Penn State also has a 1-3 record but holds the tiebreaker over the Buckeyes because of the Nittany Lions’ head-to-head win in April.With only one spot left up for grabs in the Big Ten tournament, OSU will need a win against Rutgers and Penn State to lose against Michigan on Saturday.The game against Rutgers is scheduled to begin at 7 p.m. on Saturday in Columbus. read more

New standard for restaurants aimed at improving quality of services offered

…implementation to enable better services for consumersTHAG Director, Mitra Ramkumar (second from left) along with representatives of the GNBS and GTAThe Guyana National Bureau of Standards (GNBS), the Tourism Hospitality Association of Guyana (THAG) and the Guyana Tourism Authority (GTA) have inked a new agreement which seeks to improve the quality of services that are offered to customers.The entities stated that Tourism Month 2018 will play a major role in the promotion and implementation of the new document; National Standard for Restaurant: Code of practice for quality and management in the restaurant service.“Through the implementation of the standard, it is anticipated that restaurants and other food establishments will generally improve the quality of service offered to consumers,” they said.Additionally, Head of the Marketing and Communication Department of the GNBS, Syeid Ibrahim highlighted that the entity will be embarking on a ‘corporate marketing venture’ with the two partnering organisations to have the standard endorsed.According to him, this will be done in a phased manner which includes reviewing the standard to fill any possible shortfalls and making the standard available to all sizes and categories of establishments.Technical support to establishments will also be provided, based on stipulated requirements and evaluation. A certification of compliance will most likely be distributed.Ibrahim admitted that this initiative will take some time for establishments to get accustomed to the required standards, but it is necessary for economic revolution.President of THAG, Mitra Ramkumar applauded the GNBS for the new code of practice as he believes that it will yield the level of conformance businesses need to offer the best quality of service. Ramkumar is of the belief that restaurants who come on board will benefit significantly when the oil and gas industry further develops.Commenting on behalf of the GTA, Licensing and Training Manager, Davina Layne, specified that having quality tourism offerings is critical for customers to have value for their money.She said that quality is key for any visitor to a food establishment and having a standard, which was specifically developed to enhance the quality of service offered by restaurants, will give guidance on how they should consistently deliver in terms of experience and products.The GNBS will be offering the restaurant standard for sale at a reduced cost so as to encourage all categories of restaurants to get on board with the initiative. It is expected that by the end of 2019, a majority of these establishments will be in conformance. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedGNBS calls on businesses to improve quality of customer serviceApril 12, 2019In “Business”GNBS now ISO 9001 internationally certifiedApril 10, 2018In “Business”Consumers’ rights to take centre stage tomorrow – World Consumers Day to be observedMarch 14, 2017In “latest news” read more