Hot Business News Today

Hot Business News Today

USANA – Q3 Revenue Up 10.5% to $191.9 million

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USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal third quarter ended September 27, 2014. The Company also provided updated net sales and earnings guidance for 2014.
Financial Performance:
For the third quarter of 2014, net sales increased by 10.5% to $191.9 million, compared with $173.7 million in the prior-year period. The increase in net sales was driven by overall Associate growth of 18.8%, which was generated by the Companys Asia Pacific region.
Net earnings for the third quarter increased by 16.4% to $19.5 million, compared with $16.8 million during the prior-year period. This increase was driven by higher net sales and lower relative Associate Incentives expense. On a relative basis, Associate Incentives expense declined due to a $4.5 million one-time payout resulting from the pricing and compensation plan initiatives implemented by the Company in the third quarter of 2013. Earnings per share for the quarter increased by 26.7% to $1.47, compared with $1.16 in the third quarter of the prior year.
This increase in earnings per share was attributable to higher net earnings and a lower number of diluted shares outstanding due to the Companys share repurchases during 2014. Weighted average diluted shares outstanding were 13.3 million as

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145,000 Attendees At Dreamforce Where Lyoness Promoted Its Benefits

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In 2014, Lyoness was present on site for the first time and took part in two one-day conference sessions. Category: “The Future of Shopping”.
Every year at Dreamforce its host Salesforce draws attention to several of its partners having innovative ideas. Further, Bernhard Koch and Harald Koch, both Members of the Board of Lyoness Group AG, gave talks about innovations and the strategic development of the Lyoness group of companies.

“At Dreamforce we had the opportunity to present our business idea to a competent audience,” saysBernhard Koch. “This way we received feedback and input from other companies and were able to gather new ideas, which we can put to use to further develop our SME solutions.”
 

High visibility
Dreamforce is one of the largest software conferences worldwide. More than 145,000 visitors from 90 countries attended the conference and also an estimated 5 Million viewers watched the already 12th Dreamforce via Internet.
This way Lyoness had the chance to use an international platform providing high visibility on a global level to promote its shopping benefits and its customer loyalty program. The company Salesforce hosts the event, which takes place once a year, for the users of its company-owned products.
About Lyoness
The Lyoness Group is dividing its three business

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Immunotec Expanding, Opens New Sales Office In California

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Immunotec Inc. (TSX VENTURE:IMM) is proud to announce the opening of its new Sales Office in Commerce, California, U.S.A. With the considerable growth of Independent Distributors and increased sales throughout the southwestern region of the United States of America, a greater need for support of the regional Independent Distributors has become apparent.
As a result, Immunotec has opened a 7,200 square foot full-service sales facility that is equipped to meet the needs of the Independent Distributors. The office officially opened for business on Monday, October 20, 2014.

“Today marks an important day in Immunotec’s history,” stated company CEO, Mr. Charles L. Orr. “Opening this new sales office in the southwestern region of the United States represents the result of the hard work and dedication of our Distributors who are investing in themselves, their families and everyone they touch as they share our mission to make Immunocal the nutritional choice of households worldwide.”

Festivities to celebrate the opening were held throughout the weekend, including the Grand Opening and Diamond meeting on Thursday, October 16, 2014, a Gold Leadership Seminar on Friday, October 17, 2014 and a University training day on Saturday, October 18, 2014 attended by more than 400 Immunotec Independent Distributors.
About Immunotec

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Warren Buffett Elects His Financial Assistant As Pampered Chef’s New CEO

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Warren Buffett’s financial assistant, Tracy Britt Cool has been appointed as chief executive officer of The Pampered Chef, a subsidiary of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B). Ms. Cool will start in her new role effective November 1, 2014.
Buffett’s comment on Cool’s appointment

“I couldn’t think of a better leadership duo at the helm of The Pampered Chef.With Tracy’s experience helping Berkshire companies reach their full potential and Doris’ passion for both The Pampered Chef’s consultants and products, I see great things in the company’s future,” said Mr. Buffett in a statement.

Cool has been working as financial assistant to Mr. Buffett at Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) for five years. Some of her responsibilities at the conglomerate include conductinginvestment research, analyzing acquisition opportunities and providing advice to subsidiaries in different industries.
According to Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), Ms. Cool will continue to serve as chairman of Benjamin Moore, Larsom-Juhl and Oriental Trading Company. She will also continue to serve on the board of H.J. Heinz Company.
Cool served as advisor to The Pampered Chef founder
The Pampered Chef is the largest direct seller of high-quality kitchen tools in the United States. The company was established by its chairman Christopher Doris, who served as interim CEO since

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