Swiss Bourse Turns to Smaller UK Exchange for Trade Tech Revamp
The group has been studying whether Aquis's matching engine — the software component that pairs orders and processes transactions — can support trading in Swiss and Spanish stocks before the acquisition is expected to close this quarter, SIX Chief Executive Officer Bjørn Sibbern, said in an interview.
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Miami Herald
5 hours ago
- Miami Herald
Costco helps make this rare BBQ style a national trend
Costco has the ability to create viral hits. Most of the time, those sort of fly under the radar, where members get excited about a new baked good or something in the candy aisle. The warehouse club has such a deep reach that sometimes it can make or break a product just by offering seem more willing to try something new when it's offered as a free sample. That's good for Costco, since companies pay to have their items handed out for free, driving members to visit the warehouse club. Related: Costco adds strict new policy for free samples Costco's "food influencer" status is not just because of its samples. It can also create a social media hit by adding something new to its popular food happens so rarely that any change will become a viral sensation (although if initial impressions are bad, that can doom a new new menu item). "Costco is notorious for adding and removing items from its food court menu. Remember the Polish hot dogs, the Carne Asada Bake or the cinnamon pretzels? May they all rest in peace," the New York Post reported. Now, the warehouse club has helped create another food sensation, and this growing BBQ trend may surprise you. In addition to selling cooked foods, Costco also sells appliances, grills, and other cooking devices. The chain has been advancing the cause for "Santa-Maria-Style barbecue" by selling the signature grill needed to make the little-known, but well-loved style of barbecue. The Santa Maria Valley Chamber of Commerce patented exactly how its signature barbecue works way back in 1978. "The roots of Santa Maria Style barbecue date back to the mid-1800s, when large ranches occupied the hills of the Santa Maria Valley. Local ranchers would host Spanish-style feasts each spring for their vaqueros, or cowboys, as well as family and friends - barbecuing meat over earthen pits filled with hot coals of red oak, which is native to the valley," it shared on its website. More Retail: Supermarket inflation: Beef prices soar as egg prices fallLevi's shares plan to beat tariffs, keep holiday prices downAmazon's quiet pricing twist on tariffs stuns shoppers The meat would be served with a generous potion of pinquitos, small pink beans that are considered indigenous to the Santa Maria Valley. "The Santa Maria barbecue grew out of this tradition and achieved its 'style' when local residents began to string cuts of beef on skewers or rods and cook the meat over the hot coals of a red oak fire," according to local barbecue historian R.H. Tesene. Costco sells grills made by Santa Maria BBQ Outfitters. You could even argue that the warehouse club has put the grill company on the map. The company embraces the Costco (COST) connection on its website. "Yes, we make the real ones in Costco!" the company put right on its homepage. The grills had a long history before they came to Costco. "The Caicco family and Santa Maria BBQ Outfitters have been creating hand-welded Santa Maria Style Oak BBQs for over 40 years. We helped pioneer the classic and functional designs that produce the best BBQ food in the world," the company shared. Costco is not the only retailer that offers the grills. "Whether it is a little tailgater or a full length towable catering trailer, we are still making our oak pit BBQs the old-fashioned way, right here in Santa Maria. Order online or find our BBQs at your local Costco, Ace Hardware, or OSH stores. If you are in town, feel free to stop by our showroom and welding shop to say 'hi,'" it added. The grills are unlike traditional grills or smokers. "To give the cook control over the heat, and cooking time, a specialized iron-grill complete with a hand crank to lift and lower the meat has historically been used. The robust and solid tool was tough for backyard and even professional pitmasters to find," Santa Maria Times shared. The company first began working with Costco in 2007 when it only shipped to three stores. Trend: Santa Maria-style BBQ is gaining traction connection: The warehouse sells signature hand-cranked grills in-store and it matters: Some Americans are learning about this regional barbecue style from fact: The Santa Maria BBQ style dates back to 1800s cowboy cookouts in California. Related: Costco has another free samples rule members may not know The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
San Francisco Chronicle
10 hours ago
- San Francisco Chronicle
Portugal invests in electricity grid upgrades after Iberian blackout
LISBON (AP) — Portuguese authorities on Monday announced a raft of measures to strengthen the country's electricity system following the April 28 blackout that left most of Spain and Portugal without power for several hours. They include 137 million euros ($159 million dollars) of investments in the country's electricity grid, increasing the number of 'black start' power stations and reinforcing critical infrastructure such as hospitals with solar panels and batteries. Environment and Energy Minister Maria Graça Carvalho said the plan would ensure that the Iberian nation of 10.6 million is better prepared for future emergencies. 'We will be in a better position to manage the crisis and minimize its consequences,' Carvalho said. The Iberian outage started shortly after 11:30 a.m. in Portugal and 12:30 p.m. in Spain and lasted through nightfall, disrupting businesses, transit systems, cellular networks, Internet connectivity and other critical infrastructure. In just five seconds, Spain lost 15 gigawatts of electricity — or about 60% of its supply. Portugal, whose grid is connected to Spain's, also went down. Only the countries' island territories were spared. Power was fully restored in both countries the next morning. Spanish authorities in June said an investigation found that the country's electric grid was unable to handle a surge in voltage, which triggered small grid failures in the south of Spain that cascaded into larger ones. The chain reaction eventually brought down the electric system in the two Iberian nations. Authorities didn't explain what caused the initial voltage surge. Other measures under review include a possible interconnection between Portugal and Morocco. Interconnections are high voltage transmission lines that link the electricity systems of different countries, allowing cross-border power exchanges. Spain's interconnections with Morocco and France were critical to restoring power after the April blackout. Portuguese authorities said they would increase the number of power stations with autonomous restart capability from two to four. The black start power stations helped Portugal restore its power independently from Spain after the blackout. Authorities said they would spend 25 million euros ($29 million) to reinforce back-up energy sources such as solar panels and batteries at hospitals and other critical infrastructure. An independent panel of European Union experts is investigating what caused the blackout. A preliminary report published earlier this month reached similar conclusions to the Spanish investigation — that an unusual series of voltage surges in Spain and a cascading series of electricity disconnections likely triggered the event. A final report is due in October. ___ Naishadham reported from Madrid.
Boston Globe
10 hours ago
- Boston Globe
Market Basket suspends dozens of employees in New Bedford following immigration audit
Immigration authorities ordered an I-9 audit of the store in 2023, but it was paused by the federal Department of Labor, Ventura said. In an I-9 audit, businesses turn over employees' Employment Eligibility Verification forms to investigators, who check for compliance, according to The Market Basket spokesperson said DHS investigated the employee's paperwork 'and recently found several had not been properly updated, leading to their suspensions.' Advertisement 'Market Basket looks forward to welcoming the employees back to work as soon as they update their paperwork,' the spokesperson said. A message to the Department of Homeland Security seeking information on the 2023 probe at Market Basket was not immediately returned Monday. A spokesperson for ICE did not respond to the Globe's questions Friday about the action, writing in an email, 'ICE cannot comment on ongoing investigations.' The suspensions were first reported by the Advertisement Store employees were asked to present their work authorization documents at a recent meeting with store management, Ventura said. The meeting came after workers observed ICE activity in Market Basket's parking lot, though agents were not seen entering the store, he said. Several employees lacking work permits have since been suspended indefinitely, he said. Ventura said many held valid permits when they were first hired, but those permits had since lapsed. It's unclear if any of the workers held Temporary Protected Status, or TPS, a legal status For the workers, many of whom Ventura said had worked at the store for over a decade, the situation is 'very difficult.' 'There are mothers that have three or four kids, single mothers,' he said in an interview conducted in Spanish. 'One mother [who was suspended], her husband was caught up in an immigration raid while working construction and was deported. Now she's in limbo ... It's a complete disaster." Jonathan Darling, a spokesperson for the City of New Bedford, did not comment directly on the suspensions at Market Basket, but said, 'With respect to the federal government's approach to the enforcement of immigration law, the Mayor [Jon Mitchell] has made clear that the focus should be on known criminals or others who pose public safety risks.' Since President Trump took office, promising An estimated Advertisement Many of the immigrant workers in New Bedford are originally from Central America, Ventura said, as well as other parts of Latin America and from Cape Verde. He added that immigrants are If work authorization crackdowns continue, it could spell danger not just for the immigrant community, but for entire city, Ventura said. 'There's a saying that goes, 'take away his water, and the fish dies,'' he said. 'Our concern is that if immigration officials start throwing I-9s at all the companies and agencies here, it will be a complete disaster here in New Bedford.' In 2007, New Bedford was the scene of the I-9 audits are not new, said Boston-based immigration attorney Matthew Maiona, but there has been an uptick since Trump took office. Also known as Such inspections are typically prompted by an outside complaint or an internal investigation, and the process begins when an employer is served with a While Mainoa was unfamiliar with the Market Basket case, he said the company was likely not knowingly bypassing the law, but was among the many employers nationwide caught up in the Trump adminstration's fast evolving immigration policies. Advertisement 'We have people working who maybe had employment authorization cards through temporary protected status, or through a pending asylum application or deferred action, or through one of the many programs … that are now being deemed no longer available,' Mainoa said. 'It puts an exceptional onus on the employers to keep up with all of this.' He noted that a 'I don't think it's getting any better anytime soon,' Mainoa said. 'It's only going to get worse from here.' Nick Stoico of the Globe staff contributed to this report. Shannon Larson can be reached at
