Like most other printers over the last five years, RR Donnelley had been aggressively diversifying its services into other markets to bolster its more traditional print business. The spinoffs are expected to be completed by the end of 2016 and existing RR Donnelley shareholders will end up owning shares in all three companies. Management teams and branding are still being developed, the company says. The custom marketing communications company will be the largest, which under RR Donnelley’s current structure accounted for 12-month net sales of $7 billion. The traditional printing services operation made $3.5 million in revenue and the financial communications business brought in $1 billion in the last year. The theory goes that by separating the three units, they’ll be able to focus on their own unique strategies and independently execute on them. RR Donnelley plans to separate into a financial communications services business, a custom marketing communications operation and a printing services company. RR Donnelley announced this week that it intends to split itself into three publicly traded companies—a process that has gained steam in the media market as companies that previously combined ancillary businesses with their core “traditional” media have started to spin off the components to try and unlock more value. Not all of RR Donnelley’s acquisitions were from new markets—the company spent $620 million on Chicago-based printer Consolidated Graphics in late 2013 and beat out Quad/Graphics to acquire book manufacturer Courier Corp. earlier this year. Among RR Donnelley’s more recent acquisitions were digital replica producer LibreDigital and paywall provider Press+ in 2011. The company bought Bowne Financial in 2010 and EDGAR Online in 2012. Those two formed the foundation for the financial communications business. “We see significant opportunity to unlock value by allowing these three businesses to pursue their own strategies and invest according to the unique dynamics of their respective industries,” says RR Donnelley president and CEO Thomas J. Quinlan III in a statement. “Each company will have the strategic focus, management resources and capital structure to enable it to strengthen its market position and pursue its growth opportunities, enhancing long-term value for stakeholders.” Crain’s Chicago Business reports that RR Donnelley may be separating the units for an easier path to divestment. Of particular interest would be the financial and marketing communication segments. Decoupling the higher growth businesses from the traditional printing operation makes them more convenient targets, says the report. Printers have already gone through significant consolidation and have been buying up or partnering with ancillary services, like digital magazine producers, e-commerce solutions and the like, to drive top-line growth.
Turo is kind of like Uber meets Airbnb: You borrow someone’s car, but you do all the driving. I’ve used it many times and found it a great alternative to traditional car-rental services — in part because you get to choose exactly the vehicle you want (not just, say, “midsize”) and in part because you can often do pickup and dropoff right outside baggage claim.Between now and Sept. 1, the first 300 people to check out can get $30 off any Turo rental with promo code LDW30. $299 at Amazon DJI’s answer to GoPro’s action cameras is rugged little model that’s shockproof, dustproof and waterproof down to 11 meters. It normally runs $350, but this deal drops it to $261 when you apply promo code 19LABOR10 at checkout. 5:21 Share your voice 0 Subscribe: iTunes | RSS | Google Play | FeedBurner | SoundCloud |TuneIn | Stitcher The Cheapskate Apple iPhone XS Apple AirPods with Wireless Charging Case: $155 (save $45) Turo: Save $30 on any car rental See It CNET On this podcast, we talk about:Google’s ambitions to teach its Assistant more sophisticated tricks. Spotify buys Gimlet and Anchor, two podcasting companies. Apple’s retail chief, Angela Ahrendts, announces departure. Google Assistant Alexa Google Spotify,I’m shocked — shocked! — to learn that stores are turning Labor Day into an excuse to sell stuff. Wait — no, I’m not. As much as I respect the original intent of the holiday (which became official back in 1894), to most of us, it’s just a bonus day off — one that’s blissfully tacked onto a weekend. So, yeah, stores; go ahead, run your sales. I’m listening. Perhaps unsurprisingly, Labor Day doesn’t bring out bargains to compete with the likes of Black Friday (which will be here before you know it), but there are definitely some sales worth your time.For example:We’ve rounded up the best Labor Day mattress deals.We’ve also gathered the best Labor Day laptop deals at Best Buy.The 2019 Vizio P Series Quantum is back under $999.Be sure to check out Amazon’s roughly three dozen Labor Day deals on TVs and audio. Google Express is having a big sale as well, one that includes deals on game consoles, AirPods, iPhones, laptops and more.Below I’ve rounded up a handful of individual items I consider to be the cream of the crop, followed by a handy reference guide to other Labor Day sales. Keep in mind, of course, that products may sell out at any time, even if the sale itself is still running. Note that CNET may get a share of revenue from the sale of the products featured on this page. $59 at eBay I thought this might be a mistake, but, no, the weirdly named HP Laptop 15t Value is indeed quite the value at this price. Specs include an Intel Core i7 processor, 12GB of RAM, a 256GB solid-state drive and a 15.6-inch display. However, I strongly recommend paying an extra $50 to upgrade that display to FHD (1,920×1,080), because you’re not likely to be happy with the native 1,366×768 resolution. Turo Share your voice See it Spotify and most other streaming services rely on compressed audio, which robs the listener of full fidelity. Enter Tidal, the only “major” service that delivers lossless audio — meaning at least on par with CD quality, if not better. Want to see (er, hear) the difference for yourself? Grab this excellent extended trial while you can. It’s just $6 for three months, and it’s good for up to six listeners. The 3:59 gives you bite-size news and analysis about the top stories of the day, brought to you by the CNET News team in New York and producer Bryan VanGelder.Check out the extended shows on YouTube. Also, don’t forget to rate and review the podcast on iTunes. Google Assistant is making a run for Alexa (The 3:59, Ep. 516) Rylo An Echo Dot makes a fine match for any Fire edition TV, because you can use the latter to say things like, “Alexa, turn on the TV.” Right now, the 24-inch Insignia Fire TV Edition starts at just $100, while the 32-inch Toshiba Fire TV Editions is on sale for $130. Just add any Fire TV Edition to your cart, then add a third-gen Echo Dot, and presto: The latter is free. $60 at Best Buy Rylo 5.8K 360 Video Camera: $250 (save $250) $210 at Best Buy Chris Monroe/CNET Lenovo Smart Clock: $59.99 (save $20) JBL Soundgear wearable speaker: $90 (save $160) What’s cooler: A snapshot of a firework exploding in front of you, or full 360-degree video of all the fireworks and all the reactions to seeing them? Oooh, ahhh, indeed. At $250, the compact Rylo dual-lens camera is selling for its lowest price yet. And for an extra $50, you can get the bundle that includes the waterproof housing.This deal runs through Sept. 3; it usually costs $500. TVs Speakers Mobile Accessories Cameras Laptops Automobiles Smart Speakers & Displays $6 at Tidal Other Labor Day sales you should check out Best Buy: In addition to some pretty solid MacBook deals that have been running for about a week already, Best Buy is offering up to 40% off major appliances like washers, dryers and stoves. There are also gift cards available with the purchase of select appliances. See it at Best BuyDell: Through Aug. 28, Dell is offering an extra 12% off various laptops, desktops and electronics. And check back starting Aug. 29 for a big batch of Labor Day doorbusters. See it at DellGlassesUSA: Aug. 29 – Sept. 3 only, you can save 65% on all frames with promo code labor65. See it at GlassesUSALenovo: The tech company is offering a large assortment of deals and doorbusters through Labor Day, with the promise of up to 56% off certain items — including, at this writing, the IdeaPad 730S laptop for $700 (save $300).See it at LenovoLensabl: Want to keep the frames you already love and paid for? Lensabl lets you mail them in for new lenses, based on your prescription. From now through Sept. 2 only, you can save 20% on the blue light-blocking lens option with promo code BLOCKBLUE. See it at LensablSears: Between now and Sept. 7, you can save up to 40% on appliances (plus an additional 10% if you shop online), up to 60% on mattresses, up to 50% on Craftsman products and more. The store is also offering some fairly hefty cashback bonuses. See it at SearsNote: This post was published previously and is continuously updated with new information.CNET’s Cheapskate scours the web for great deals on tech products and much more. For the latest deals and updates, follow the Cheapskate on Facebook and Twitter. Questions about the Cheapskate blog? Find the answers on our FAQ page, and find more great buys on the CNET Deals page. $90 at Daily Steals via Google Express Recently updated to include digital-photo-frame capabilities, the Lenovo Smart Clock brings Google Assistant goodness to your nightstand. It’s a little smaller than the Amazon Echo Show 5, but also a full $30 less (and tied with Prime Day pricing) during this Best Buy Labor Day sale. HP Laptop 15t Value: $520 (save $780) The problem with most entry-level laptops: They come with mechanical hard drives. That makes for a mighty slow Windows experience. This Lenovo model features a 128GB solid-state drive, so it should be pretty quick to boot and load software, even with its basic processor. Plus, it has a DVD-burner! That’s not something you see in many modern laptops, especially at this price. Free Echo Dot with an Insignia or Toshiba TV (save $50) $155 at Google Express See at Turo Read Google Home Hub review Preview • iPhone XS is the new $1,000 iPhone X Boost Mobile CNET may get a commission from retail offers. Though not technically a Labor Day sale, it’s happening during Labor Day sale season — and it’s too good not to share. Nationwide Distributors, via Google Express, has just about the best AirPods deal we’ve seen (when you apply promo code ZBEDWZ at checkout). This is for the second-gen AirPods with the wireless charging case. Can’t imagine these will last long at this price, so if you’re interested, act fast. Sarah Tew/CNET Read the AirPods review $999 See at Amazon Formerly known as the Google Home Hub, Google’s Nest Hub packs a wealth of Google Assistant goodness into a 7-inch screen. At $59, this is within a buck of the best price we’ve seen. It lists for $129 and sells elsewhere in the $89-to-$99 range.This is one item of many available as part of eBay’s Labor Day Sale (which, at this writing, doesn’t specifically mention Labor Day, but that’s how it was pitched to us). DJI Osmo Action camera: $261 (save $89) Read the Rylo camera preview $999 Lenovo 130-15AST 15.6-inch laptop: $210 (save $90) Now playing: Watch this: $999 $999 Tags Use promo code 19LABOR10 to get an unusually good deal on JBL’s interesting hybrid product — not quite headphones, and not quite a traditional speaker, but something you wear like neckphones to listen to music on the go. Tidal 3-month family subscription: $5.99 (save $54) Comments Angela Lang/CNET Sarah Tew/CNET Mentioned Above Apple iPhone XS (64GB, space gray) Best Buy The Daily Charge Google Nest Hub: $59 (save $70) Google Assistant is making a run for Alexa (The 3:59,… Sprint Post a comment Review • iPhone XS review, updated: A few luxury upgrades over the XR Audio Smart Speakers & Displays Read Lenovo Smart Clock review See It Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. See It Sarah Tew/CNET $261 at Daily Steals via Google Express Sarah Tew/CNET 7 $520 at HP Tags Read DJI Osmo Action preview Your browser does not support the audio element. Amazon
The Comptroller and Auditor General (CAG), India’s apex auditing agency has slammed Gujarat government in its five different reports, for mismanagement of the state’s financial resources for the financial year ended 31 March, 2013.The reports were presented in the assembly on Friday, which revealed that the state government port’s policy of 1995 was not being implemented 15 years later.In its audit report on the ‘Economic Sector’, CAG noted that Gujarat Maritime Board applied incorrect wharfage fees under the Captive jetty Agreement with Reliance Petroleum Limited, which led to the recovery of ₹649.29 crore.CAG also revealed that the Gujarat Urja Vikas Nigam Limited did not fix delivery points after the finalization of power purchase agreement, which led to undue benefit of ₹587.50 crore to Essar Power Gujarat Limited, according to The Times of India.CAG said the non-monitoring of the construction quay in phase 1 of Adani Group-owned Mundra port led to short recovery of ₹118.12 crore. Moreover, it was also revealed that Gujarat government made excessive payments for solar power in the state.Additionally, the report about the state’s micro-financial management, observed,”… the non-submission of utilization certificates of Rs 9,121.46 crore indicated the lack of proper monitoring by government departments in utilization of grants.”It also condemned the Gujarat government for poor financial management and budgetary control and pointed that in two instances, grants amounting to ₹13049.67 remained unused.The Highlights of CAG’s report regarding Gujarat:Deficiencies in financial managementLoopholes in Jail SecurityHeritage: Monumental ApathyProfessionalism crunch in state Public sector unitsStaff shortage in Engineering CollegesGirls education scheme bungledUndue benefits to corporate sectorPoor tax recoveryRenewable energy burden
Russian president Vladimir Putin attends a meeting with his Venezuelan counterpart Nicolas Maduro at the Novo-Ogaryovo state residence outside Moscow, Russia on 5 December 2018. Reuters File PhotoRussia will develop missiles now banned under the Intermediate-range Nuclear Forces treaty if the United States exits the arms control pact and starts making such weapons, president Vladimir Putin said on Wednesday.The United States delivered Russia a 60-day ultimatum on Tuesday to come clean about what Washington says is a violation of the 1987 nuclear arms control treaty, saying it would be forced to start a six-month process of withdrawal if nothing changes.Putin, in televised comments, accused the United States of blaming Russia for violations as a pretext for Washington to exit the pact.Putin noted that many countries produce missiles banned under the INF treaty, but that Moscow and Washington had undertaken to limit themselves with the accord signed in 1987.”Now it seems our American partners believe that the situation has changed so much that the United States must also have such a weapon. What’s our response? It’s simple: in that case we will also do this,” he said.
Kolkata: Amid reports of ATMs running dry in several states, West Bengal Chief Minister Mamata Banerjee on Tuesday said it reminds her of the demonetisation days. She also asked whether a “financial emergency” was going on in the country.”Seeing reports of ATMs running out of cash in several states. Big notes missing. Reminder of #DeMonetisation days. Is there a Financial Emergency going on in the country? #CashCrunch #CashlessATMs,” Banerjee tweeted. Also Read – Heavy rain hits traffic, flightsCurrency shortage was reported in Andhra Pradesh, Telangana and Madhya Pradesh in the past few weeks. There were also complaints of shortage in parts of Maharashtra, Gujarat and Bihar on Monday.However, Union Finance Minister Arun Jaitley on Tuesday said the government has reviewed the situation and “there is more than adequate currency in circulation”.According to the Reserve Bank of India data, currency in circulation as on April 6 was Rs 18.17 lakh crore.