| News for and about the housewares industry |  |
| Industry Update |  |  |
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| Trends & Innovations | | |
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- Bean slicer gets big-name endorsements
The Krisk bean slicer was singled out on Channel 4’s "Stephen Fry: Gadget Man" this week. The product has been distributed in the UK by RG Bennett for over 60 years but has recently gained prominence with endorsements from Jamie Oliver and Rick Stein. HousewaresLive.net
(11/28)     
- Juicer mixes healthy drinks in small space
The Cuisinart CJE-500 Compact Juice Extractor is designed to produce healthy fruit drinks without taking up a lot of kitchen counter space. The appliance, which includes a 16-ounce drink container, transforms fruit and vegetables into juice off of a base measuring only 8 by 10 inches. CNET
(11/28)
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- Sears reports mixed third-quarter results
Appliance sales performed well during the third quarter but did not bring in enough to cover decreases in other categories that resulted in a loss of $156 million for the period, Sears Holdings Corp. reports. The largest losses for Sears domestic and Kmart stores were in the consumer electronics category. ApplianceMagazine.com
(11/28)
- More Comet stores set to close their doors
Deloitte administrators have announced the closure of an additional 125 Comet stores. There has been some interest from buyers in the British electronics chain, but without a firm offer in hand administrators indicated the remaining stores will only stay open long enough to clear existing inventory. The Independent (London)
(11/28)
| Finance & Policy | | |
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- U.S. welcomes foreign tech entrepreneurs, official says
The federal government is working to encourage foreign-born high-tech entrepreneurs to come to the U.S. and start businesses, said Alejandro Mayorkas, director of the Citizenship and Immigration Service. The agency has implemented new training to help adjudicators identify visa applicants who are qualified to start or work for innovative technology and engineering firms, he said. Google/The Associated Press
(11/28)
- FSI survey finds most advisers think "fiscal cliff" will be avoided
Nearly 80% of financial advisers polled by the Financial Services Institute expect a last-minute compromise from Congress to head off the "fiscal cliff." The deal probably would include limits to tax deductions and higher marginal tax rates for wealthy Americans, 72% of advisers say. "Our independent financial advisor members have a unique vantage point on these issues as they work closely with Main Street American investors on a daily basis. While they recognize the need for compromise and reforms in order to make our country financially sound, they also see how many of these significant changes will impact their clients' ability to save for retirement, pay for their children's education or care for aging parents," said FSI President and CEO Dale Brown. Financial Advisor online
(11/28), InvestmentNews (free registration)
(11/28), Bank Investment Consultant
(11/28)
| IHA News | | |
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IHA partners with Good360 to help hurricane victims
IHA is partnering with Good360 to assist the victims of Hurricane Sandy. Good360 works with specific agencies to assess the needs of victims and target product and other donations from IHA members to those in need. There are three ways IHA members can help: donate money, donate products or transportation, or join Good360's disaster coalition. To donate products or transportation, e-mail Doyle Delph at doyle@good360.org. Learn more.
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IHA offers domestic shipping program
A member benefit from IHA offers savings on small package shipping and freight. Whether it is an overnight letter, palletized freight across the country or international shipping around the world, companies will begin saving with the first package they send. After that, the more you ship, the more you save. Learn more.
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