Thousands of Arizonans to get checks, gift cards under $5M Honda airbag settlement | Business News

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Cash-equivalent gift cards of $150 or $50 will be mailed to about 40,000 Arizona consumers with defective Takata airbags, but the cards can be activated only after a consumer takes his or her vehicle to a Honda dealership for free airbag replacement.

Whether consumers get a $150 or $50 gift card depends on the specific type of inflator used in their airbags.

Honda previously reached a settlement with a multi-state group, but Arizona chose not to take part because the settlement did not provide any restitution or incentives to get dangerous airbags fixed, Brnovich said.

The Arizona attorney general alleged that Honda should have warned consumers purchasing its vehicles about the airbag issues by September 2012, but consumers did not receive notice until November 2015, when federal regulators fined Takata $200 million. Takata filed for bankruptcy in June 2017.

Besides the restitution and gift-card incentives, Honda agreed to pay $650,000 for outreach to inform consumers of the recall, $100,000 to the state for other consumer outreach efforts and a $500,000 payment to the state.

Honda also agreed to refrain from deceptive or misleading advertising and set up a system for employees to report safety concerns to management.

Contact senior reporter David Wichner at or 573-4181. On Twitter: @dwichner. On Facebook:

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Mis-Match? The Incredible Expanding Challenge Gift – Non Profit News

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In early October, Donald Trump’s fundraising campaign promised supporters their gifts would be matched at a rate of 825 percent. Articles and newswires quickly followed, debunking the claim, with some casting doubt on the larger practice of matching gifts. The subhead to Mother Jones’ post read: “Most offers of matching campaign donations aren’t real, but this one really seems like it isn’t.”

Lavish matching gift promises are not a partisan ploy. In a recent Facebook post, a fundraiser for Democratic Senate candidates offered a 500-percent match. And a recent study by researchers at Princeton University reported that 13,000 of the 100,000 political fundraising emails analyzed from this election cycle contained some claim of a donation match.

But popularity does not translate to efficacy—and nonprofit fundraisers considering similarly extravagant invitations should reassess:

  • Donors view these matching gift claims as deceptive. And in political fundraising, they often are. Political and philanthropic fundraising adhere to different rules. In political fundraising, there are limits to the amount an individual can give—making the concept of a single matching donor difficult to verify at best, and obviously insincere at worst. Misleading matching appeals have consequences. They diminish donors’ trust in an organization, and mar perceptions of the tactic at large.
  • In the realm of philanthropic giving, behavioral economists have illustrated through field studies that larger match ratios (e.g., a 3:1 match) do not generate superior results to smaller match ratios (e.g., a 1:1 match).

Matching and Challenge Gifts Done Right

In a matching gift, the donor agrees to give a set amount for each gift given by others—perhaps dollar for dollar—up to a predetermined limit. This can be a good tactic to recruit new donors or upgrade current ones, especially if the match qualifies for donor recognition levels. And the organization is guaranteed to receive at least a portion of the matching gift, even if they don’t hit the full target. But the credibility of matching gifts is undermined when there is a strong suspicion that the donor will make the entire gift regardless of the success of the match.

A challenge gift is a lump sum, to be given when the fundraising campaign hits a pre-established target. This can be appealing to large-dollar donors who want to be sure that their extraordinary gift doesn’t dissuade others from donating. For example, when a group of local citizens wanted to create a new children’s museum in Northwest Arkansas, a large family foundation agreed to give half of the projected $20 million cost, but only when the organizers had raised the first $10 million. As a result, the organization engaged a broad group of supporters who have continued their support as members and donors. But there’s greater risk; had they failed to reach the target within the specified time period, they may have gotten nothing from the challenge grant donor.

Matching and challenge gifts have the potential to create a mutual relationship between large and small donors, helping to restore some of the imbalance that has


Exclusive: Ferragamo Family Explores Stake Sale to Drive Italian Fashion Brand Revamp – Sources | Investing News

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By Pamela Barbaglia and Claudia Cristoferi

LONDON/MILAN (Reuters) – The family owners of Italian fashion house Salvatore Ferragamo

have held informal talks with financial investors to sell a minority stake in their holding firm as they seek to turn around the luxury brand and cope with the fallout of COVID-19, five sources told Reuters.

The company’s chairman Ferruccio Ferragamo, son of late founder Salvatore, held the talks some time after the summer, offering about a 20% stake in the holding vehicle that controls the Milan-listed business, banking and private equity sources said on condition of anonymity, as the matter is confidential.

A spokeswoman for the company – which has a market value of 2 billion euros ($2.4 billion) – denied that the Ferragamo family planned to sell the stake.

The sources told Reuters that the family is still in the preliminary stages of testing market appetite, and that a deal might face resistance from investors since the family is not willing to give away any governance control.

Shares in Ferragamo were up 11% at 1428 GMT and were automatically halted from trading after Reuters first reported on the talks.

The Florentine leather goods brand saw its revenues plunge 60% in the second quarter, piling pressure on its family members – who control an overall 65% – to turn around the business.

“They have been calling around for a few months, targeting both private equity investors and sovereign wealth funds for a minority deal,” one of the sources said.

A stake sale to deep-pocketed financial investors would help resolve internal disagreements over the company’s turnaround strategy, allowing some of its family members to cash out, the sources said.

However, the Ferragamo family is not willing to give away any governance control, the sources said, making a deal less attractive for private equity investors who could alternatively buy more liquid shares on the market.

“Most investors would demand a big discount or at least some governance control to buy directly into the family holding rather than on the market,” one of the sources said.

Some sovereign wealth funds such as Singapore state investor GIC and Temasek, as well as the Qatar Investment Authority (QIA), are also being targeted as possible investors due to their long-term investment strategy, the sources said.

Temasek teamed up with Dufry’s chairman Juan Carlos Torres in 2016 to buy a stake in the family holding of Italian luxury firm Moncler.

Founded in Florence in 1927, Ferragamo was listed on the Milan stock market in 2011 but remains very much a family company.

Salvatore Ferragamo, the eleventh of fourteen brothers, was born in a poor village of southern Italy in 1898.

As a teenager he emigrated to Boston to try his fortune there, and soon became famous as a shoemaker to the stars, including Greta Garbo, Marilyn Monroe and Audrey Hepburn.

His heirs, including four surviving children and numerous grandchildren, are all invested in Ferragamo Finanziaria SpA, which owns 54.3% of the company. Other family members hold an additional


G20 Women’s Forum Urged to Press Hosts Saudi on Rights | World News

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DUBAI (Reuters) – Rights groups want participants in a G20 women’s meeting starting in Saudi Arabia on Wednesday to seek the release of detained female activists and call out the kingdom for its record on rights.

As current chair of the Group of 20 major economies, Riyadh has tried to improve its image after global outrage at the 2018 murder of journalist Jamal Kashoggi at its Istanbul consulate.

“[Saudi] continues to violate basic women’s human rights and muzzle voices that demand equality,” Amnesty International said ahead of the two-day virtual W20 meeting.

“Your participation in the W20 must not be used in Saudi Arabia’s whitewashing of its international reputation while they continue to jail peaceful women activists.”

Saudi authorities arrested at least a dozen female activists in 2018. Rights group say at least three faced abuses including solitary confinement, electric shocks, flogging and sexual assault.

Officials deny torture. Few charges have been made public, but those against some of the women include contacting foreign journalists, diplomats and rights groups.

Amnesty and Human Rights Watch urged participants to raise the women’s cases.

Event organisers stressed their independence. “It is in no way affiliated with the government of Saudi Arabia, or any government or business interest,” they said in a statement.

De facto ruler Crown Prince Mohammed bin Salman has introduced reforms enabling women to drive, travel without permission and improve access to jobs.

But rights group say more is needed as some aspects of the male guardianship system remain intact and the government recognises filial disobedience as a crime.

There has been increasing pressure on officials to boycott Saudi-led G20 events, which have largely been hosted virtually this year due to COVID-19.

On Wednesday more than 40 U.S. Congress members asked Secretary of State Mike Pompeo to withdraw from a November summit. The European Union parliament on Oct. 8 passed a resolution urging the bloc to downgrade its participation.

(Reporting by Lisa Barrington; Editing by Andrew Cawthorne)

Copyright 2020 Thomson Reuters.

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PayPal to Allow Cryptocurrency Buying, Selling and Shopping on Its Network | Technology News

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LONDON (Reuters) – PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets.

PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement.

PayPal hopes the service will encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by central banks and corporations, President and Chief Executive Dan Schulman said in an interview.

“We are working with central banks and thinking of all forms of digital currencies and how PayPal can play a role,” he said.

U.S. account holders will be able to buy, sell and hold cryptocurrencies in their PayPal wallets over the coming weeks, the company said. It plans to expand to Venmo and some countries in the first half of 2021.

Other mainstream fintech companies, such as mobile payments provider Square Inc and stock trading app firm Robinhood Markets Inc, allow users to buy and sell cryptocurrencies, but PayPal’s launch is noteworthy given its vast reach.

The company, based in San Jose, California, has 346 million active accounts around the world and processed $222 billion in payments in the second quarter.

Cryptocurrencies tend to be volatile, making them attractive to speculators, but a lot less appealing to merchants and shoppers. Transactions have been slower and more costly than other mainstream payment systems.

Cryptocurrency payments on PayPal will be settled using fiat currencies, such as the U.S. dollar, meaning merchants will not receive payments in virtual coins, the company said.

Many central banks around the world have expressed their intention to develop digital versions of their currencies in the coming years, while Facebook Inc-led the creation of a cryptocurrency project called Libra in 2019. PayPal was a founding member but dropped out after a few months.

PayPal, which has secured the first conditional cryptocurrency license from the New York State Department of Financial Services, will initially allow purchases of bitcoin and other cryptocurrencies called ethereum, bitcoin cash and litecoin, it said. It partners with Paxos Trust Company to offer the service.

(Reporting by Anna Irrera; Editing by Richard Chang)

Copyright 2020 Thomson Reuters.

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Urvashi Rautela to be showstopper at virtual Arab Fashion Week in Dubai – News

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The event will be hosted virtually from October 21-24.

Bollywood actress Urvashi Rautela will be the showstopper for Filipino designer Furne One at the upcoming Arab Fashion Week.

“It’s an honour to be the first Indian Bollywood actor to be a showstopper at Arab Fashion Week, which is one of the biggest and most prestigious fashion weeks. It is for one of the biggest designers — Furne One of AMATO Couture. The fact that he chose me is really a huge deal for me. He has worked with pop icons like Jennifer Lopez, Ariana Grande, Beyonce and Mariah Carey,” said Urvashi.

“He showcases me as an ‘Arabic warrior princess’ for his collection,” she added about her look on the ramp.

The upcoming 12th edition of Arab Fashion Week will be hosted virtually in Dubai from October 21 to 24.

“I have also shot for a short fashion film that showcases the message of equality, and tackles racism and inequality. I feel there are no boundaries and everyone is created equally,” Urvashi further said.


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Border closure can’t keep grandparents from Canadian wedding | National News

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ST. STEPHEN, New Brunswick (AP) — With the border closed, a Canadian couple still found a way for their grandparents from Maine to see their waterfront wedding.

It involved a boat used for hauling lobster traps, naturally.

Alex Leckie and Lindsay Clowes were married on a wharf in St. Stephen, New Brunswick, while the bride’s grandparents and a few other relatives from Calais, Maine, watched from a boat in the St. Croix river that divides the countries. Other families and friends watched from Maine.

“It was happy and emotional and overwhelming,” Clowes said of seeing family and friends on both sides of the border.

The idea for the wedding was hatched after the couple had to cancel a summer wedding in Nova Scotia because of the closed border and travel restrictions. The St. Stephen wedding allowed families on both sides of the border to participate. Clowes grew up in Calais, Maine, and attended school in St. Stephen, New Brunswick.

“To sum it up, my wife came up with the hashtag, #loveisnotcancelled,” said Chris Bernardini, whose wife, Leslie, is mother of the bride.

Bernardini and his wife, from Calais, were able to cross the border and quarantine in Canada before the wedding because both hold dual citizenships.

But it took some Maine ingenuity for other family members to be able to see the wedding. That involved using the 19-foot skiff used for hauling lobster traps that belonged to Bernardini’s father.

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Algerian Women Push for More Rights at Berber Soccer Tournament | World News

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SAHEL, Algeria (Reuters) – Algerian women in bright Berber dress ululating, singing and beating drums at a soccer tournament last week were pushing their fight for gender equality – a cause that has come under greater scrutiny in Algeria after a brutal attack this month.

The quiet cobbled village of Sahel was hosting the third annual competition between female teams in the mountainous Kabylie region to push for a bigger role for women in Algerian society.

“Women before weren’t free, weren’t allowed to work outside of the house … now we have rights, we can be lawyers, pilots, or do any other jobs, and we are equal to men,” said Houria Hamza, one of the players.

The cause of women’s rights in Algeria has gained traction in recent weeks after the rape and murder of a young woman whose alleged assailant had already been accused of attacking her years earlier.

The case has prompted outrage and protests in Algiers, despite a public ban on demonstrations because of the coronavirus pandemic. Police have arrested a suspect.

“They don’t have a heart and they don’t have a brain. Those who kill deserve to be killed,” said, Naima, 52, a Sahel villager who did not want to give her last name, referring to men who attack women.

In the Kaylie region east of Algiers, a bastion of Amazigh-speaking Berber culture, women had long held influential roles in society but a 1990s Islamist insurgency pushed many back into their homes.

Hamza, a 37-year-old housewife, helped her team to win the title after defeating the village of Tabouda in a penalty shootout cheered on by dozens of women clapping and chanting.

“There is a lot for women to achieve. Just as much as men. Maybe even more than men,” said Fadila Bekkouche, head of the village’s women’s association.

(Reporting by Abdelaziz Boumzar, writing by Seham Eloraby, editing by Angus McDowall and Tom Brown)

Copyright 2020 Thomson Reuters.

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Blenders Eyewear Launches New Collection of Goggles and Winter Sport Accessories | News

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SAN DIEGO, Oct. 19, 2020 /PRNewswire/ — Blenders Eyewear today unveiled its 2021 SNOW line, expanding on its collection of signature fresh looks and bold styles made to dominate the mountains this winter.

Blenders Eyewear is expanding on its signature fresh looks and bold styles to dominate the mountains this winter.

The e-commerce company is introducing an all-new goggle collection as well as its first line of cold-weather accessories and winter safety gear – including helmets, beanies, balaclavas, and neck gaiters. The launch features a total of 26 pairs of goggles with a variety of bold color-ways to match any gear setup. Two styles were designed exclusively with Blenders athletes, including two-time Olympic snowboarder, Jessika Jenson and pro snowboarder Cam FitzPatrick.

“Whether you’re shredding the bunny slopes or the black diamonds, Blenders now has you covered for all your deepest winter desires,” said Blenders Founder and CEO Chase Fisher. “Our team of designers and professional outdoor athletes went all out this year on designing the coolest gear that will have you looking good and performing at your peak. These new attention-grabbing styles are affordable and dependable – guaranteeing a great day on the mountain in any condition.”

The 2021 goggles come in two distinct styles, Aura and Nebula. Each pair of goggles ships with a matching rigid zip-case, a free Mellow Yellow low-light lens, a sticker pack and a lifetime warranty. A variety of additional interchangeable spare lenses are available. Photos here.

  • The Blenders Aura comes in 13 colorways with an updated interchangeable magnetic lens, making it easier than ever to swap out the anti-fog and scratch-resistant lenses on the go. This pair also features OTG (over-the-glass) integration, and impact-resistant, helmet-compatible polycarbonate design with high-density foam for the perfect fit. Price: $95 and includes bonus lowlight magnetic lens.
  • The Nebula collection comes in 13 colorways and boasts brand new features, including a modified toric lens shape for an expanded field of view, thicker lens rim, and improved anti-fog performance. The new direct integration of strap and body gives the pair a modern, seamless look while the distinctive lens-locking mechanism at each side of the frame lends security. The Nebula goggles have three-layer face foam, anti-scratch and oleophobic coatings, and Blenders Magnetic Interchangeable Lens System for simple lens swapping. Price: $120 and includes bonus lowlight magnetic lens.

The Blenders 2021 collection of all-new helmets and cold-weather accessories include the following products:

  • Blenders Helmets come in 5 colorways and include a Multi-Directional Impact Protection System (MIPS), Fidlock buckles, active venting and bluetooth speaker integration. They meet ASTM F2040-18 requirements, feature In-Mold construction and are available in three sizes. Price: $125
  • Blenders Beanies are a classic, warm, waffle-knit design offered up in six trendy colors to complete any alpine aesthetic. Price: $20
  • Blenders Neck Gaiters and Balaclavas are made of a polyester mesh with moisture-wicking and antimicrobial properties. Colorways include camo, black, navy and prismatic cheetah, and all feature a 40+ Ultraviolet Protection Factor (UPF) rating. Price: $25