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Son can’t use name shared with dad to market competing firm :: WRAL.com

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— A South Carolina personal injury lawyer known for his ads has won an order keeping his son from using their shared name to market a competing law firm.

The Post and Courier reports that a federal judge says George Sink Jr. cannot use that name in any sort of marketing until an arbitrator considers the matter.

George Sink Sr. fired his son in February, nearly a year after he began working for George Sink P.A. Personal Injury Lawyers. Days later, Sink Jr. opened George Sink II Law Firm.

Judge David Norton’s temporary order Friday said the names and logos are confusingly similar. He says the older firm has spent “an exorbitant amount of money” on ads, and it wouldn’t be fair to let the son benefit from that marketing.

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Produce Marketing Association Looks to Join Education Lineup at South by Southwest

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NEWARK, DE – South by Southwest (SXSW) is valued as the focal point for culture, branding, technology, entertainment, and food. The 10-day experience will include networking opportunities, engaging activities, entertainment, and educational sessions; the Produce Marketing Association wants in on that. PMA announced that it is bidding to join the education lineup at the next SXSW for the second year in a row and is seeking support from the industry.

“SXSW is one of the best places to learn what global cultural influencers and business leaders are thinking and saying,” says PMA Chief Marketing Officer, Lauren M. Scott. “They are there talking about us, and so it is important to break into those conversations and share what we as an industry give to the world. I’m excited that we have a chance to come back and tell more true stories about where our food comes from.”

 PMA announced that it is bidding to join the education lineup at the next South by Southwest (SXSW) for the second year in a row

Over the past two years, PMA has been present at SXSW, with its first official education session taking place last year. The press release states that the session PMA wants to present, The Farmers Behind Your Fresh Food, is a discussion that will feature Casey Cox, Vice President at Longleaf Fridge Farms; Henry Gordon-Smith, Founder and Managing Director at Agritecture Consulting; Brian Talley, Owner and Winegrower at Talley Vineyards; and PMA Vice President of Technology, Vonnie Estes, as the moderator.

Vonnie Estes, Vice President of Technology, Produce Marketing Association“The audience at SXSW is unique to any other event throughout the year,” stated Estes. “It’s one of the only places where thought leaders in all aspects of technology, food, health, culture, and event entertainment are all mingling with our consumers. The conversations that happen here can change the way our industry is seen, and that’s what we hope to do with our session: start a conversation between farmers and consumers. We want our consumers to learn about the innovative, healthy, and sustainable ways we’re feeding the world.”

According to the session video, Estes and the panelists know that consumers want to know more about their food than ever before, including how their food is grown, where its grown, and who is growing it. The session will give the farmers a chance to share that not only do they want the same thing as consumers, but they will also share the ways the industry is using technology and ingenuity to grow healthy and delicious food in a safe and sustainable way.

If you’re keen on attending this particular session, vote here to ensure PMA secures a spot for SXSW 2020 by this Friday, August 23. Keep reading AndNowUKnow for more news.

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Target Q2 beats sales expectations, stock surges

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Target (TGT) beat estimates on both the top and bottom lines during its second quarter, boosted by higher sales, the company reported on Wednesday.

The big box retailer also boosted its full-year adjusted earnings per share guidance. Target shares jumped 13% in pre-market trade and are poised to open at a record high.

Here’s are the numbers for Target’s second quarter, compared to Bloomberg-compiled estimates:

  • Revenue: $18.42 billion vs. $18.25 billion expected

  • Adj. earnings per share: $1.82 vs. $1.62 expected

  • Same-store sales: +3.4% vs. +3% expected

The retailer cited a surge in same-day fulfillment as driving sales growth. Its Order Pick Up, Drive Up and Shipt services accounted for nearly 1.5 percentage points of Target’s overall comparable sales growth during the quarter. Online sales jumped 34% during the quarter.

Target also hiked its estimates for the third quarter, seeing adjusted EPS between $1.04 per share to $1.24 per share, better than current expectations of $1.16.

“We are really pleased with our second quarter performance, which demonstrates the strength of our strategy and the durable financial model we’ve built over the last several years,” CEO Brian Cornell said in a statement.

“Traffic and sales continue to grow while our EPS reached an all-time high, driven by the strength of our team’s execution and their focus on delivering for our guests,” he added.

Target, like its peers, is not immune to fears surrounding the U.S.’s tariffs on China. Investors will be paying close attention to management commentary regarding how the trade war may affect its business.

The big box retailer has also beefed up its grocery business. Target announced Monday that it was launching grocery brand Good & Gather to compete with Amazon (AMZN) and Walmart (WMT).

Good & Gather’s products are scheduled to hit shelves September 15. Target said that by 2020, the brand will have about 2,000 products. Grocery sales represent about a quarter of total revenue for Target.

“Our guests are incredibly busy and want great-tasting food they can feel good about feeding their families,” Target’s executive vice president and president of food & beverage Stephanie Lundquist said in a statement.

“We saw this as a huge opportunity for Target to help. So our team got to work on our most ambitious food undertaking yet, reimagining our owned food brands to serve up convenient, affordable options that don’t cut corners on quality or taste,” she added.

Target’s report comes on the heels of Walmart’s better-than-expected results last week. Walmart reported that it saw a 37% jump in online sales during its most recent quarter, as it continues to see strong growth in e-commerce.

Target’s conference call with management is scheduled to kick off at 8 a.m. ET.

This post is developing. Please check back for updates.

Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.

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US venture capitalists plough $5.3 billion into European startups

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US venture capitalists are on course to plough a record amount of funding into European tech startups this year.

American VCs have invested $5.3 billion in Europeans startups including Deliveroo, Checkout.com, and Klarna in the seven months to the end of July, according to figures from Dealroom in conjunction with TechNation.

This was a 40% increase on the $3.8 billion invested over the same period last year. It means investments this year are likely to eclipse the $6.1 billion raised from US firms during the whole of 2018.

US investors are coming into later-stage funding rounds to help get a stake in some of Europe’s most exciting tech companies, the research said, and it could also be a sign that Silicon Valley is too expensive.

“Valuations are lower in Europe because the market is not as mature as the US,” said Mark Tluszcz, CEO and managing partner of Mangrove Capital Partners, in an interview with Business Insider.

“Silicon Valley is expensive because you have massive levels of competition driving up the price with many funds involved, whereas in Europe you only have a few players on big deals.”

Klarna founders Sebastian Siemiatkowski and Niklas Adalberth.
Klarna

Figures from GP Bullhound in 2016 indicated that unicorns (companies valued at more than $1 billion) are valued at a staggering 46 times their revenue in the US, whereas in Europe the figure is a more modest 18 times revenue.

“It’s excellent news for European tech because now companies have significant access to capital,” added Tluszcz. “On a global playing field capital is a key element for success and in the past as good as companies might have been they were always underfunded, this is no longer the case.”

One of the largest US/European deals in 2019 was Amazon’s investment in UK food delivery service, Deliveroo, as part of a $575 million raise. Other notable deals have included Sequoia’s investments in Europe’s most valuable private fintech, Klarna, and a deal with Tessian.

Read more: A VC who worked on Microsoft’s $8.5 billion acquisition of Skype says it provided a valuable lesson about why the best startups are ‘bought not sold’

Similarly, Insight Partners signed deals with fintech N26 and London startup Checkout.com, while Index Ventures took on major deals with German deposit marketplace Raisin in a $26 million round and British company WhiteHat in a $20 million deal.

The opportunity to enter buzzy European companies and develop their growth into the US market is a key factor in the recent spate of funding, according to investors.

The fact that US funds are increasingly taking part in later stage rounds is testament to the growing size of the European market. Access to capital has been key in the growth of tech firms on the continent but now “there is plenty of juice to extract,” according to Eric Martineau-Fortin, cofounder and managing partner at White Star Capital.

“The inflow of US funds into the European market is a function of the size of available funds in Europe, but this will change in time,” he told Business Insider.

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