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The Home Depot Updates Strategic Priorities; Confirms Fiscal Year 2017 Sales and Diluted Earnings-Per-Share Guidance; Outlines Long-Term Financial Targets; Announces Accelerated Business Investment Plan and $15 Billion Share Repurchase Authorization

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The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)

ATLANTA, Dec. 6, 2017 /PRNewswire-HISPANIC PR WIRE/ — The Home Depot®, the world’s largest home improvement retailer, will outline today, at its 2017 Investor and Analyst Conference, key strategic priorities and discuss long-term financial targets. 

The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)

Today’s conference will begin at 9 a.m. ET and will be available in its entirety through a live webcast and replay at ir.homedepot.com in the Events & Presentations section.

Strategic Priorities

During today’s conference, the Company will provide an update on the five strategic priorities it established in 2015. The Company will also discuss its intent to accelerate business investment over the next three years to enhance the customer experience, position itself for the future and create value for shareholders. The main areas of discussion will be:    

  • Enhancing the Customer Experience: The Company will highlight the various ways it is leveraging its physical and digital assets to keep pace with changing customer expectations, while continuing to balance the art and science of retail to consistently deliver innovative products at the best value for its customers.
  • Positioning for the Future: The Company will describe the key investments it will make to position itself as “One Home Depot.” Key areas of investment include stores, associates, the interconnected customer experience, and the Company’s supply chain and delivery capabilities.
  • Creating Value: The Company will address its approach to creating shareholder value by delivering higher returns on invested capital and increasing total value returned to shareholders in the form of dividends and share repurchases.

“The retail landscape is changing at unprecedented rates and we plan to invest for the future to address the evolving needs of our customers. We will accelerate our investments, while continuing to focus on delivering the value our shareholders expect from The Home Depot,” said Craig Menear, chairman, CEO and president.

Fiscal Year 2017 Guidance

The Company reaffirmed its sales and diluted earnings-per-share guidance for fiscal 2017. The Company expects sales to increase approximately 6.3 percent for the year, with comparable store sales of approximately 6.5 percent. The Company also expects fiscal 2017 diluted earnings per share to grow approximately 14 percent to $7.36. The Company’s diluted earnings-per-share guidance includes the benefit of its intent to repurchase an additional $2.1 billion of shares in the fourth quarter, bringing total fiscal 2017 share repurchases to $8 billion.

Long-Term Financial Targets

Today the Company will set out new long-term, fiscal 2020 financial targets as follows:

  • Total sales ranging from approximately $114.7 billion to approximately $119.8 billion
  • A compounded annual sales growth rate from the end of fiscal 2017 ranging from approximately 4.5 percent to approximately 6.0 percent
  • Operating margin ranging from approximately 14.4 percent to 15.0 percent
  • Annual capital spending of approximately 2.5 percent of sales
  • Return on invested capital ranging from approximately 36.4 percent to 39.6 percent

Share Repurchase Authorization

The Company’s Board of Directors announced a $15 billion share repurchase program, replacing its previous authorization. Since 2002 and through the third quarter of fiscal 2017, the Company has returned approximately $73 billion of cash to shareholders through repurchases, repurchasing approximately 1.3 billion shares.    

At the end of the third quarter, the Company operated a total of 2,283 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index. 

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail, supply chain and technology initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the 2014 data breach; issues related to the payment methods we accept; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2017 and beyond; financial outlook; and the integration of acquired companies into our organization and the ability to recognize the anticipated synergies and benefits of those acquisitions. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

Logo – http://mma.prnewswire.com/media/118058/the_home_depot_logo.jpg

 

SOURCE The Home Depot

Harmony Public Schools Open Enrollment Begins

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HOUSTON, Dec. 6, 2017 /PRNewswire-HISPANIC PR WIRE/ — Harmony Public Schools is once again accepting applications for students interesting in attending one of our fifty four campuses across Texas. The Texas charter school application period runs from November 1, 2017 through February 10, 2018.

Harmony Public Schools is the largest STEM-focused charter school in the state of Texas and we are regularly recognized as among America’s “Best High Schools” by U.S. News & World Report and other prestigious publications. We currently enroll more than 33,000 students at our campuses in the Houston and Dallas-Fort Worth metro areas, Austin, San Antonio, El Paso, Brownsville, Laredo, Odessa, Lubbock, Beaumont, Bryan and Waco.

Harmony boasts a 98% graduation rate and a 100% college acceptance rate, far outpacing traditional public schools. A recent four-year study of more than 2,200 Harmony Public Schools alumni found that our innovative Project Based Learning and focus on STEM (Science, Technology, Engineering, & Math) influenced students choice of college major and future careers.

To apply online, please visit www.harmonytx.org.

About Harmony Public Schools
Harmony Public Schools are 54 high performing K-12 college preparatory charter schools throughout Texas. Harmony blends the highest standards and expectations, with a rigorous math- and science-centered curriculum and dedicated and engaged teachers and families to cultivate excellence and prepare students to succeed in college, careers and life. At Harmony Public Schools, we believe every child can succeed, and we are committed to helping them realize their full potential. To learn more about Harmony Public Schools and our 48 campuses across Texas, please visit: www.harmonytx.org, and follow us on Twitter at @HarmonyEdu and ‘Like’ us on Facebook: www.facebook.com/HarmonyTexas.

 

SOURCE Harmony Public Schools

Health Alert: Cold and Flu Season Poses Risk of Accidental Medicine Poisonings Among Young Children

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Always store medicines up and away from children--even between doses.

WASHINGTON, Dec. 4, 2017 /PRNewswire-HISPANIC PR WIRE/ — The Centers for Disease Control and Prevention (CDC), Up and Away campaign, and Safe Kids Worldwide are reminding parents to keep their medicines stored up and away, out of reach and sight during this cold and flu season.

Always store medicines up and away from children—even between doses.

“Every year, approximately 60,000 young children end up in the emergency room due to accidental medicine ingestions,” said Dan Budnitz, Director of the Medication Safety Program at CDC and coordinator of the CDC-led PROTECT Initiative, which focuses on children’s medication safety. “Parents want to keep their children safe, and it is important to take action and practice safe medicine storage to prevent future visits to the emergency room, during an active cold and flu season and year-round.”

A 2017 Safe Kids Worldwide report shows that almost half of parents believe it’s okay to keep medicines visible on the kitchen counter or another handy location between doses when a child is sick. The report also shows that although most parents know what to do to protect kids from accidental medicine ingestions, that knowledge doesn’t always translate into action.

“It is important not to underestimate a child’s ability to get into medicines left within reach,” said Torine Creppy, Interim President at Safe Kids Worldwide. “As medicine use increases during cold and flu season, it is critical that parents place caution ahead of convenience and store medicines out of reach and sight every time—even between doses.”

The CDC, Safe Kids Worldwide, and Up and Away urge parents to follow these tips to keep their children safe:

  • Store medicine up and away, out of reach and sight every time.
  • Keep medicine in its original child-resistant packaging, and always relock the safety cap on medicine bottles.
  • Pick a place to store medicines up and away and out of sight in your home as soon as your first child is born.
  • Save the Poison Help number – 1-800-222-1222 – in your phone, or text “POISON” to 797979 to save the information automatically.
  • Use safe reminder tools (like cell phone alarms or medication schedules) instead of keeping medicines within sight.

Additional resources on safe medicine storage are available at UpandAway.org.

About Up and Away
Up and Away and Out of Sight is an educational campaign to remind families about the importance of safe medicine storage around young children. It is an initiative of PROTECT in partnership with the CDC and the CHPA Educational Foundation. For more information, visit UpandAway.org.

About Safe Kids Worldwide
Safe Kids Worldwide is a nonprofit organization working to prevent childhood injury, the number one cause of death for children in the United States. Throughout the world, almost one million children die of an injury each year, and almost every one of these tragedies is preventable. Safe Kids works with an extensive network of more than 400 coalitions in the U.S. and with partners in more than 30 countries to reduce traffic injuries, drownings, falls, burns, poisonings and more. Since 1988, Safe Kids has helped reduce the U.S. childhood death rate from unintentional injury by 60 percent. Working together, we can do much more for kids everywhere. Join our effort at safekids.org.

About Centers for Disease Control and Prevention (CDC) PROTECT Initiative
The PROTECT Initiative is a collaboration among public health agencies, private sector companies, professional organizations, consumer/patient advocates, and academic experts to develop strategies to keep children safe from unintentional medication overdoses. For more information, visit CDC.gov/MedicationSafety/PROTECT/PROTECT_Initiative.html. 

Photo – http://mma.prnewswire.com/media/614440/Up_and_Away_Cold_and_Flu_Crib.jpg

SOURCE Up and Away

Portada and Adsmovil Demand Viable Alternatives to the “Duopoly” in the Hispanic Market

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NEW YORK, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — Marketing industry players Adsmovil (http://adsmovil.com/en/) and Portada (www.portada-online.com)  are questioning the assumption that marketers can mostly operate successful campaigns  within the confines of Facebook and Google’s “walled gardens.”

“Destination websites of both large and niche publishers provide marketers crucial direct contact with very engaged audiences, ” says Marcos Baer, president of Portada, the leading networking solutions platform for dynamic tech, marketing and media companies. The voices demanding alternatives to the “duopoly” of Facebook and Google are growing louder, suggesting that Adsmovil could emerge as a leader at just the right time. While Google and Facebook took over 77% of the US$12 billion-dollar increase in global online ad spend in 2017, more and more advertisers are questioning the assumption that they can operate a successful campaign within the confines of Facebook and Google’s “walled gardens.”

It is important to not only recognize the diversity that exists within the Hispanic American population but also find a team with the know-how to build campaigns that really reach such a diverse demographic.  “Mexicans have different taste and buying habits than Dominicans or Argentinians. Adsmovil helps you deliver more effective media because we realize the differences and can target more appropriately. As a result, you will have better-performing campaigns,” says Adriana Daantje, Global Product Director at Adsmovil. Adsmovil is a  Global Mobile Advertising Solutions company with local presence and offices in Brazil, Mexico, Colombia, Argentina and the United States. The company focus on U.S. Hispanic and Latin American markets allows their clients to reach more than 100 million mobile users.

“Smart” Hispanic Population

Seven in 10 of the 58 million U.S. Hispanics now use a smartphone, and more are bypassing desktop and laptop computers completely in favor of tablets and mobile. “Taking into account that Hispanics are heavy mobile users and even use their mobile devices as their primary access to the internet, we always include mobile in all our communication strategies. In fact, we always recommend clients having a mobile-first approach when implementing any digital campaign,” Gonzalo del Fa, President of GroupM Multicultural asserted. With some help from their expertise in Hispanic mobile behavior, mobile ad network  Adsmovil topped the latest comScore Mobile Metrix® in both the Hispanic Mobile and Total Mobile Audience reach categories.  

DOWNLOAD the “Brand Safety & Mobile Study” here http://adsmovil.com/brand-safety-viewability/

MORE INFORMATION HERE:  https://www.portada-online.com/2017/11/30/hispanic-mobile-network-adsmovil-provides-advertisers-with-viable-alternative-to-duopoly/

About Portada

Portada (www.portada-online.com) is the leading networking solutions platform for dynamic tech, marketing and media companies targeting consumers through cultural insights and passion points in the Americas. Portada members receive top business leads through a guaranteed amount of annual meetings with brand marketing executives.   To align your brand with Portada networking solutions, events and digital media properties, please contact Daniela Landa at [email protected]

SUBSCRIBE TO PORTADA ELETTERS!
https://www.portada-online.com/2016/10/23/subscribe-to-our-weekly-updates-on-sports-marketing-video-marketing-travel-and-entrepreneurship/

SOURCE Portada

Toma Leche Celebrates The Holidays With El Chavo

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Toma Leche

SAN CLEMENTE, California, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — The California Milk Processor Board (CMPB), creators of the iconic got milk? campaign and its Spanish-language counterpart Toma Leche, are making the holiday season bright with fun family activities, milk and snacks and the popular El Chavo characters dressed as Los Tres Reyes at retail locations across California beginning Dec. 8 through Dec. 21 and from Jan. 4 to Día de Los Reyes (“Kings Day”) on Jan. 6.

Toma Leche

At participating retail locations, grocery shoppers preparing for the holidays will be able to enjoy a quick snack paired with milk at Toma Leche sampling stations, and partake in celebratory holiday activities including arts and crafts and a Rosca Spin Wheel for a chance to win prizes including Toma Leche and El Chavo tote bags, notebooks and more. 

As a special treat, consumers are invited to take festive holiday pictures together with life-size characters from El Chavo inside a large snow globe at the following locations:

  • The Children’s Lane Christmas Parade at South Gate Park, 4941 Tweedy Blvd. on Sun., Dec. 10 from 12 p.m.-5 p.m.
  • Vallarta Supermarket, 1951 W. Clinton Ave., Fresno, Fri., on Dec. 15 from 12 p.m.-4 p.m.
  • Vallarta Supermarket, 3425 Whittier Blvd., Los Angeles, Fri., Dec. 22 from 12 p.m.-4 p.m.
  • Superior, 7300 Atlantic Ave, Cudahy, Fri., Jan. 5, from 12 p.m.-4 p.m.
  • El Super, 4421 University Ave., San Diego, Sat., Jan. 6 from 12 p.m.- 4 p.m., which will feature a special milk plus rosca de reyes pairing in honor of the Día de Los Reyes holiday.

“The holidays are a special time that connect family and friends through our cultural traditions, meals and celebrations,” said Steve James, executive director, California Milk Processor Board.  “And whether it’s at the center of the holiday table or paired with a delicious snack, the holidays are always better with milk.”

Additionally, customers at more than 120 Vallarta Supermarkets, El Super, Northgate, Arteaga’s and La Preciosa retail locations throughout California, including Los Angeles, Bakersfield, Fresno, San Diego, San Francisco, Salinas and Sacramento, will be treated to a holiday snack paired with a glass of milk while they shop for holiday meal essentials.  Those who purchase milk in-store will receive a free El Chavo/Toma Leche branded lunchbox as their gift with purchase.

The most-watched show on Mexican television, El Chavo was known as a courageous kid in and out of trouble, who entertained generations of fans across Latin America.  Millions of viewers who have embraced the character for his wholesome, pure authenticity and innocence still watch the animated version and reruns in Latin America and on Spanish-language networks in the United States.

For a complete list of events, dates and participating retailers across California, visit www.tomaleche.com and www.tuinnerchavo.com., follow Toma Leche via social media on Facebook, Twitter and Instagram @tomaleche.

About the CMPB
The California Milk Processor Board was established in 1993 to make milk more competitive and increase milk consumption in California. Awareness of “got milk?” is over 90% nationally and it is considered one of the most important and successful campaigns in history. The “got milk?” trademark is a federally registered trademark and service mark that was licensed by the National Dairy Board in 1995 for use in its advertising, including their long-running “Milk Mustache” campaign. The CMPB’s Spanish-language campaign began in 1994 using the tagline “Familia, Amor y Leche” (Family, Love and Milk). The “toma leche” (Drink Milk) campaign replaced it in 2006 in order to better align the English and Spanish language work. The CMPB is funded by all California milk processors and is an instrumentality of the California Department of Food and Agriculture.

About Grupo Chespirito
Grupo Chespirito (GCH) is the team responsible for preserving and leading Roberto Gómez Bolaños’ – aka Chespirito-  legacy to the new generations, including his most famous characters: ‘El Chavo del Ocho’ and ‘El Chapulín Colorado‘. GCH is also responsible for developing new projects and initiatives to generate new contents to all ages Chespirito fans worldwide such as a social media strategy for a 14+ million fan-community.

 

Logo: http://mma.prnewswire.com/media/550040/Toma_Leche_Logo.jpg
Logo: http://mma.prnewswire.com/media/615784/CMPB_Grupo_Chespirito_Logo.jpg
Photo: http://mma.prnewswire.com/media/615785/CMPB_El_Chavo_Holiday.jpg

SOURCE The California Milk Processor Board

California’s Minimum Wage to Increase to $11 and $10.50 per Hour

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OAKLAND, California, Dec. 4, 2017 /PRNewswire-HISPANIC PR WIRE/ — Under landmark legislation to increase the minimum wage to $15 per hour over time, California’s minimum wage will increase on January 1 to $11 per hour for employers with 26 employees or more and $10.50 for employers with 25 or fewer employees.

State law requires that most California workers be paid the minimum wage. Some cities and counties have a local minimum wage that is higher than the state rate. Workers paid less than the minimum wage are urged to contact the Labor Commissioner’s Office in their area to file a wage claim.

Employers must post information on wages, hours and working conditions at a worksite area accessible to employees. Notices for the wage orders in English and Spanish can be downloaded and printed from the workplace postings page on the DIR website.

Governor Brown signed landmark legislation on April 4, 2016 making California the first state in the nation to commit to raising the minimum wage to $15 per hour statewide by 2022 for large businesses, and by 2023 for small businesses. The legislation increases the minimum wage over time, consistent with economic expansion, while providing safety valves to pause wage hikes if negative economic or budgetary conditions emerge.

Schedule for California Minimum Wage rate 2018-2023.

Date

Minimum Wage for Employers with 25 Employees or Less

Minimum Wage for Employers with 26 Employees or More

January 1, 2018

$10.50/hour

$11.00/hour

January 1, 2019

$11.00/hour

$12.00/hour

January 1, 2020

$12.00/hour

$13.00/hour

January 1, 2021

$13.00/hour

$14.00/hour

January 1, 2022

$14.00/hour

$15.00/hour

January 1, 2023

$15.00/hour

The Department of Industrial Relations (DIR) today also posted its 2017 legislative digest, which summarizes new laws that impact workers and employers. Most of the chaptered bills included in the digest are slated to take effect on January 1, 2018.

The Labor Commissioner’s Office, officially known as the Division of Labor Standards Enforcement, is a division of DIR. Among its wide-ranging enforcement responsibilities, the Labor Commissioner’s Office adjudicates wage claims, inspects workplaces for wage and hour violations, investigates retaliation complaints and educates the public on labor laws.

In 2014, Commissioner Julie A. Su launched the Wage Theft is a Crime multilingual public awareness campaign. The campaign defines wage theft, educating workers on their rights and employers on their responsibilities under California labor laws. It also provides information on the resources available to workers to help them recover unpaid wages or report other labor law violations.

DIR protects and improves the health, safety and economic well-being of over 18 million wage earners, and helps their employers comply with state labor laws. DIR administers and enforces laws governing wages, hours and breaks, overtime, retaliation, workplace safety and health, apprenticeship training programs, and medical care and other benefits for injured workers. DIR also publishes materials and holds workshops and seminars to promote healthy employment relations, conducts research to improve its programs, and coordinates with other agencies to target egregious violators of labor laws and tax laws in the underground economy.

Employees with work-related questions or complaints may contact DIR’s Call Center in English or Spanish at 844-LABOR-DIR (844-522-6734).

Members of the press may contact Peter Melton or Paola Laverde at (510) 286-1161, and are encouraged to subscribe to get email alerts on DIR’s press releases or other departmental updates.

The California Department of Industrial Relations, established in 1927, protects and improves the health, safety, and economic well-being of over 18 million wage earners, and helps their employers comply with state labor laws. DIR is housed within the Labor & Workforce Development Agency. For general inquiries, contact DIR’s Communications Call Center at 844-LABOR-DIR (844-522-6734) for help in locating the appropriate division or program in our department.

https://www.facebook.com/CaliforniaDIR  
https://twitter.com/CA_DIR  
http://www.youtube.com/CaliforniaDIR  
http://www.dir.ca.gov/email/listsub.asp?choice=1

SOURCE California Department of Industrial Relations, California Labor Commissioner’s Office

Honda Accord, Ridgeline, Pilot, Civic and HR-V Receive 2018 Consumer Guide® Automotive Best Buy Awards

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Honda Accord, Ridgeline, Pilot, Civic and HR-V Receive 2018 Consumer Guide® Automotive Best Buy Awards

TORRANCE, California, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — Five Honda models; the all-new Accord, Ridgeline, Pilot, Civic and HR-V, each took home top honors in their respective categories in the 2018 Consumer Guide® Automotive Best Buy Awards.

Honda Accord, Ridgeline, Pilot, Civic and HR-V Receive 2018 Consumer Guide® Automotive Best Buy Awards

Honda’s five category winners are as follows:

  • Compact Pickup: Honda Ridgeline
  • Midsize Crossover: Honda Pilot
  • Compact Car: Honda Civic
  • Subcompact Crossover: Honda HR-V
  • Midsize Car: Honda Accord

Each year Consumer Guide Automotive editors select the best vehicles from 20 segments to receive Best Buy Awards, with vehicle price and value being major factors in their selection process. By prioritizing these key consideration points in the car-buying process, the Consumer Guide Automotive Best Buy Awards serve a practical purpose to everyday car shoppers. Celebrating its 50th Anniversary this year, Consumer Guide Automotive is one of the most trusted names in the automobile industry.

About Honda 
Honda offers a full line of reliable, fuel-efficient and fun-to-drive vehicles with advanced safety technologies sold through over 1,000 independent U.S. Honda dealers. The Honda lineup includes the Fit, Civic, Accord and Clarity series passenger cars, along with the HR-V, CR-V and Pilot sport/utility vehicles, the Ridgeline pickup and the Odyssey minivan.

Honda has been producing automobiles in America for 35 years and currently operates 19 major manufacturing facilities in North America. In 2016, more than 95% of all Honda and Acura vehicles sold in the U.S. were made in North America, using domestic and globally sourced parts.

For More Information 
Additional media information, including detailed pricing features and high-resolution photography of the Honda Accord, Civic, Ridgeline, Pilot and HR-V is available at hondanews.com.

Honda Logo

Photo – https://mma.prnewswire.com/media/615725/2018_Honda_Accord.jpg

Logo – https://mma.prnewswire.com/media/460855/american_honda_motor_co_inc_logo.jpg

SOURCE American Honda Motor Co., Inc.

Olives From Spain Introduce Recipes to Satisfy the Sweet Tooth

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NEW YORK, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — December, with all celebrations and meetings, is one of the times of the year when everyone boosts sugar levels, whether that’s from eating brownies, cookies, or muffins. Olives from Spain have decided that these baked goods are a delicious opportunity in which the Mediterranean touch can be incorporated and have created recipes to enjoy olives, even during desserts.

Photo – https://mma.prnewswire.com/media/615083/Olives_from_Spain_Black_olives_brownie.jpg

To view the Multimedia News Release, please click: https://www.multivu.com/players/uk/8230751-olives-from-spain-recipes-sweet-tooth/ 

Carrots, pumpkins and apples are just a few examples of foods that can be found in sweet or salty dishes. Now with these innovative recipes to try out over the festive period from Olives from Spain, olives can be included on the list.

Ready to Share

Olives are one of the few fruits from a tree with the four basic flavors of sweet, salty, sour and bitter. They also come in a range of varieties, as queen, green, black or stuffed. When used in desserts, olives add this unique flavor and enrich them with the best of the Mediterranean diet.

Visit www.haveanoliveday.eu for more recipes to share… or not.

Have an Olive Day!

About INTERACEITUNA and Olives from Spain

INTERACEITUNA is the Inter-Professional Table Olive Organization recognized by the Spanish Ministry of Agriculture, Fisheries, Food and Environment that represents the entire producing sector, processing and marketing sector of table olives. Created to implement different general interest programs and activities, INTERACEITUNA promotes knowledge of the Spanish table olive and conducts research and development related to the product and production techniques. INTERACEITUNA and the European Union have partnered to promote this product.

@HaveanOliveDay
haveanoliveday  
www.haveanoliveday.eu

More Information:

[email protected]   
[email protected] 

SOURCE Olives from Spain

interCaribbean launches new Tortola flights.

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TORTOLA, British Virgin Islands, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — interCaribbean Airways celebrating 25 years of continuous service is pleased to announce new schedule services from Tortola to five new cities this winter season, making 22 cities served. 

New services will begin from February 1, 2018 with nonstop flights from Tortola’s Terrence B. Lettsome International Airport (EIS) to: –

St Thomas (STT) (Cyril E. King Airport

2 flights daily

St Croix, (Henry E Rholsen Airport)

1 flight daily

Sint Maarten (SXM) (Princess Juliana International Airport)

2 flights daily

Dominica (DOM) (Douglas-Charles Airport

3 flights weekly

One stop to Castries, St Lucia (SLU) continuing from Dominica (DOM)

3 flights weekly

Today interCaribbean provides competitively priced nonstop flights between Tortola and Antigua, San Juan, and Santo Domingo, with same day connecting flights to the Turks and Caicos Islands, Jamaica, Cuba, Haiti, and the Bahamas.

“We believe interCaribbean is the first schedule airline to offer 7 nonstop destinations from the British Virgin Islands,” said Mr. Trevor Sadler, CEO for interCaribbean. “Our planned connections current and new are designed to minimize layover times.”

Founded as Inter Island Airways in 1991 by Turks Islander, Mr. Lyndon R. Gardiner, Chairman of interCaribbean, the airline started as a charter service, and embarked on a program of adding scheduled international destinations, gradually adding larger and faster aircraft.

“The plan to connect the Caribbean and the wider international market continues to grow and is coming along nicely,” said Mr. Gardiner. “There are now a lot of connections between residents of the destinations we serve, and, by offering new connective options we hope to stimulate an increase in tourist and business travel in the region.”

interCaribbean entered the BVI market in 2016 with direct flights between the BVI and Antigua, and San Juan, Puerto Rico. By July 2017, the airline introduced three, weekly scheduled direct flights between the BVI and Santo Domingo, Dominican Republic.

For more information on destinations and reservations, visit www.intercaribbean.com

About interCaribbean
interCaribbean operates EMB 120, Twin Otter and BE99 aircrafts connecting Turks & Caicos, Antigua, the British Virgin Islands, Puerto Rico, the Dominican Republic, Cuba, Haiti, Jamaica, the Bahamas, the US Virgin Islands, Dominica and St. Maarten/St. Martin. Domestic flights are provided in Jamaica between Kingston and Montego Bay, as well as flights within the Turks & Caicos Islands.

SOURCE interCaribbean Airways

Scotiabank formalizes agreement with BBVA to acquire its shares in BBVA Chile

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TORONTO and NEW YORK, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank announced today that Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has formally accepted Scotiabank’s offer to acquire its 68.19% ownership in BBVA Chile, and its interests in certain subsidiaries, for approximately US$ 2.2 billion (CAD$ 2.9 billion). Scotiabank has entered into definitive agreements with BBVA and intends to merge BBVA Chile with its existing operations in Chile (Scotiabank Chile), subject to regulatory approvals.

The Said family, which owns 31.62% of BBVA Chile, has waived its Right of First Refusal to acquire BBVA’s shares of BBVA Chile, but maintains the right to tender all or a portion of its shares in the mandatory tender offer to be carried out by Scotiabank. The Said family has indicated their willingness to potentially remain in the business and, if so, would invest up to approximately US$ 500 million (CAD$ 650 million) in order to own up to 25% of the combined business when Scotiabank Chile and BBVA Chile are merged. In this scenario, and if the transaction is completed, Scotiabank’s Common Equity Tier 1 capital ratio will be impacted by approximately 90 basis points.  Scotiabank’s Common Equity Tier 1 capital ratio would be impacted by approximately 135 basis points, if the transaction is completed and the Said family tenders all of its shares to Scotiabank.

This transaction is in line with Scotiabank’s strategy to increase scale within the Chilean banking sector and the Pacific Alliance countries. It will double Scotiabank’s market share in Chile to approximately 14%, and make Scotiabank the 3rd largest private sector bank in the country.

“We are pleased to have reached an agreement with BBVA to acquire their shares of BBVA Chile.  We look forward to a partnership with the Said family and to build a better bank in Chile,” said Brian Porter, President and CEO at Scotiabank.  “BBVA Chile has a proven track record of providing leading financial products and services to customers across the country and this transaction demonstrates excellent synergy between both banks with customer-centric cultures.”

“This acquisition allows us to create a leading bank in Chile underpinned by a solid risk culture and provides opportunities to accelerate our digital transformation, while building a high performance team,” said Ignacio (Nacho) Deschamps, Group Head, International Banking and Digital Transformation at Scotiabank.

Conference call

A conference call will take place on December 5, 2017, at 8:30 a.m. ET. Interested parties are invited to access the call live, in listen-only mode, by telephone at (416) 640-5944, or toll-free at 1-800-281-7973 (please call five to 15 minutes in advance). In addition, an accompanying slide presentation may be accessed via the Investor Relations page of www.scotiabank.com. Following discussion of the transaction by Scotiabank executives, there will be a question and answer session.

A telephone replay of the conference call will be available from December 5, 2017, to December 20, 2017, by calling (647) 436-0148 or 1-888-203-1112 (North America toll-free) and entering the identification code 9422114#.

About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $915 billion (as at October 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.

Media enquiries: Marcelo Gomez-Wiuckstern, Global Communications, 416-933-1344, [email protected]; Investor Relations: Adam Borgatti, 416-866-5042, [email protected]

SOURCE Scotiabank

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