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Tag: supplies

  • Elizabeth Holmes sentenced to over 11 years in prison for Theranos crimes

    Elizabeth Holmes sentenced to over 11 years in prison for Theranos crimes

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    Theranos founder and former chief executive Elizabeth Holmes was sentenced to 135 months, or over 11 years, in prison, putting an endpoint on the unraveling of a onetime vigorously hyped Silicon Valley startup that collapsed under allegations of fraud.

    The sentence, handed down from U.S. District Judge Edward Davila, came after Holmes was convicted in January of defrauding investors in the blood-testing company, which purported to have technology that could identify diseases from a pinprick of blood from the tip of a finger.

    Prior to the sentencing, Holmes had sought more lenient treatment, while prosecutors aimed for more. Holmes had requested up to 18 months in prison, along with home confinement and community service, according to The Wall Street Journal. Prosecutors sought 15 years in prison, a three-year supervised release and restitution of $800 million, the Journal said.

    Holmes had until April 27 to surrender, and 14 days to appeal the conviction, according to the Journal. Her lawyers said they would seek permission to keep her out of prison on bail, pending appeal, the Journal said.

    Founded in 2003, Theranos’ value over the years ballooned to $9 billion. But the company’s pitch of simple-to-use blood-testing technology — which attracted the likes of the Walton and Murdoch families, along with former U.S. Secretary of State Henry Kissinger — began to fall apart in 2015, after reporting from the Wall Street Journal raised questions about the claims’ veracity.

    The Securities and Exchange Commission in 2018 charged Holmes and former president Ramesh “Sunny” Balwani with what the agency called “massive fraud,” leading Holmes to give up control of the company. Criminal charges, and the company’s dissolution, followed later that year.

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  • Philips warns of 5% fall in like-for-like sales due to supply-chain woes

    Philips warns of 5% fall in like-for-like sales due to supply-chain woes

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    Royal Philips NV said Wednesday that its performance for the third quarter was hurt by stronger-than-anticipated supply-chain challenges, and adopted a more pessimistic view on its sales through the end of the year.

    The Dutch health-technology company
    PHIA,
    -8.01%

    PHG,
    -0.80%

    said that it expects to record a 1.3 billion euro ($1.26 billion) impairment charge in the period. The company said that this is an impairment of goodwill of Philips Respironics, its sleep and respiratory care business, and that it is due to revisions to the business’s financial forecast.

    This compares with adjusted Ebita of EUR512 million, or 12.3% of sales, a year earlier.

    Analysts had seen the metric at EUR336 million, according to a consensus estimate provided by the company.

    Philips expects to book a EUR1.3 billion impairment charge on its sleep and respiratory care business after revising its financial forecast for the unit, it said.

    Group comparable sales for the quarter fell around 5%.

    For the last quarter of the year, Philips now expects a mid-single-digit decline in comparable sales, it said.

    In late July, Philips had guided for 6%-9% growth in comparable sales over the second half of the year.

    “Philips still expects a better second half of the year, compared to the first half of 2022. However, the company sees prolonged supply chain disruptions and a worsening macro-environment,” it said.

    The company said it expects adjusted Ebita margin to be in the range of a high single to double digit for the last quarter of the year.

    Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com and Cristina Roca at cristina.roca@wsj.com

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  • WSJ News Exclusive | Bio-Rad Laboratories in Talks to Combine With Qiagen

    WSJ News Exclusive | Bio-Rad Laboratories in Talks to Combine With Qiagen

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    Bio-Rad Laboratories is in talks to combine with fellow life-sciences company Qiagen NV in a deal that would be worth more than $10 billion, according to people familiar with the matter.

    The talks have been going on for a while but any agreement isn’t likely for another few weeks or more—and there may not be one.

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  • Parenting 101: Back to school organizing tools

    Parenting 101: Back to school organizing tools

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    Whether “back to school” is in your family’s vocabulary or not, September often rhymes with back to regularly scheduled programming for most families. It also tends to be a time when customers and friends like to pick my brain about my best tips on how to get organized for as smooth a return to routine as possible. So, I thought I would share three of my favourite things that keep our family of five organized!

    1 – Homework station: Whether it be ensuring homework gets done or keeping your toddler busy while you (try to) prepare dinner, it’s a great idea to have a dedicated area to house the supplies you need to keep your little people occupied!  

    After using the corner of a kitchen counter for a couple of years it became obvious that clutter always resulted, no matter what system I tried. No magazine rack, mason jar or binder could keep clutter at bay!  Then (insert angels singing) the IKEA RASKOG cart came into my life! Three levels. Nice design. This cart is awesome. We put our family binder, school workbooks used at home, one mason jar filled with homework supplies per child (sharpened pencils, erasers, red markers, rulers, etc), music books for the family’s resident violinist, etc. When homework comes around, each child takes his mason jar and sits down to do their homeowork. We always know where to find our stuff now, and it even looks stylish!

    We also keep busy bags and other activities for the youngest member of our family. Our 4-year-old has special needs, so kinetic sands and other activities are a great way to keep him busy and help him develop better motor skills.  The cart is the perfect spot to hold all of this and any other activities to give me a few minutes of uninterrupted time to cut those vegetables. It also makes him feel like he’s doing his homework just like the big kids!

    2 – Label maker: I used to think label makers were limited to office use only, but now I couldn’t live without them at home!  

    At the beginning of the school year I always order personnalized labels for each of my children, but there are always particular items that need their own special label. For example, for lunch containers, at our kids’ school, each container needs to be labeled with the child’s grade level, on top of which child it belongs to. Enter the label-maker. Surprisingly, they withstand quite a few washes before having to print a new one! It’s also great to label bins of outgrown clothes for the next child who uses them, or to label the files of memorabilia you’ll want to keep from each school year. I’m a big fan of the P-Touch, and always recommend that my friends buy their tape refills from Amazon. They are amazingly cheaper than in stores!

    3 – Lunch containers with compartments: Did anyone prepare you for the daunting task of school lunches?  I mean seriously. If preparing lunches wasn’t enough, you also have to factor in washing all those containers into your agenda… So, the magic of lunch containers with compartments is significant. You can transform six parts to be washed into just two. Think about it! Say you save two minutes washing, drying and putting away these containers. That’s six hours per year… or roughly six episodes of Game of Thrones. Priorities…

    So, game on! It’s a busy time of year, but integrating organizing solutions is so worth it! You’ll gain so much time in the long run!

    While we’re on this topic, what are your favourite organizing tools related to back-to-school?  

    Mylène Houle Morency is a Professional Organizer, speaker, and owner of FLO Organisation, which specializes in organizing families with children ranging from newborn to the teenage years. She has the firm conviction that organized homes help parents become the parents they want to be, by freeing up time and diminishing stress. She has the privilege to lovingly test all her theories and organization inspirations on her husband and three children!

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  • Austin Pets Alive! | URGENT HEAT HELP – Friday Update

    Austin Pets Alive! | URGENT HEAT HELP – Friday Update

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    Jun 10, 2022

    The weather is forecasted to be brutally hot this weekend, starting at 100 degrees today and going up to 104 tomorrow. Even though the heat is bad enough, we know that this could get much worse if there are any power outages. The more we do TODAY, the more likely we are to stay on top of any catastrophic changes that may arise without warning. You can help us get the resources we need to stay ahead of the danger by giving NOW.

    By making a gift today, you immediately help us keep animals safe. But there are several more ways you can help. Just like with Winter Storm Uri, we know we have to tackle this emergency with a three-prong approach.

    1. The pets in our care: The most important thing we need today is to move as many dogs as possible to foster homes where they can get out of the deadly heat. Despite the work that has gone into improving our facilities with more shade and misters, this weather is still extremely dangerous for our most vulnerable dogs.

    We need fosters and adopters to show up from 12-6 p.m. and help by taking home a dog while we get through this triple-digit heat wave.

    2. The pets in our community: Triple-digit heat waves like this can kill pets much faster than people. You can save animals NOW by posting on NextDoor asking neighbors to put water out for wildlife and community cats. If you can, offer to help a neighbor who has an outdoor dog with shade, ice, lots of water and even fans, and ask folks to keep pets indoors from 10 a.m.-8 p.m. each day to avoid accidental heatstroke. Our Positive Alternatives to Shelter Surrender (P.A.S.S.) Program ([email protected]) is also standing by to connect people to hot weather supplies and advice.

    We have put up signs along the trails around Town Lake warning of heat stroke in dogs and we have sent press releases to the media almost every day this week. We need your help continuing to spread the word that this 100+ degree weather will kill.

    3. The pets in Texas: Austin is very fortunate to have so much love for pets in need, as many communities do not have the same resources. Our American Pets Alive! team regularly helps shelters in these communities treat illnesses and get more pets adopted instead of euthanized. Right now, those communities have asked for support in keeping pets cool. We are preparing large transports of supplies to these shelters tomorrow and through the weekend to include fans, misters, and kongs that can be frozen.

    You can help us support these communities in Texas with the supplies they need to keep shelter pets safe by making a gift NOW.

    Thank you for supporting pets during this weather emergency. We know how important the lives of companion animals are to you and we are so grateful for your teamwork to make sure pets are safe.

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