B.C. aquaculture technology companies and suppliers, including one that builds land-based rearing systems, are urging Canada’s new fisheries minister, Diane Lebouthillier, to take a “balanced” and science-based approach to the subject of salmon farms in B.C.
One of the 11 signatories is Akvafuture, a Norwegian company that developed a closed-barrier net-pen system and hopes to get an aquaculture licence in B.C. One of Lebouthillier’s tasks as federal fisheries minister is to oversee a transition plan for salmon farms in B.C. – one intended to minimize or eliminate interactions between wild and farmed salmon.
But while these RAS systems may work well for some fish – steelhead, for example – they don’t work so well for Atlantic salmon, except on very small scales, said John Holder, owner of JLH Consulting Inc., which has designed and built some 160 RAS systems around the world. Holder cautions the fisheries minister from taking an either-or approach to salmon farming in B.C. He said aquaculture in B.C. should be diverse and should include both open-net and land-based systems.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Levi Strauss cuts annual forecasts as promotions, wholesale weakness weighGloomy consumer spending has hit retailers like Macy's and Nordstrom as high prices and borrowing rates squeeze budgets, denting demand for its denims bottoms, tops and cargo pants. Levi has struggled with declining sales at its overall wholesale business, particularly in North America, which has a higher exposure to the middle-income consumer. Its margins were also hit by price cuts on certain denim bottoms sold to wholesale retailers like Macy's and Nordstrom in a bid to boost sales among more price-sensitive shoppers.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Levi's cuts full-year sales guidance, Q3 revenue misses estimatesLevi Strauss & Co. (LEVI) reported third quarter adjusted earnings of $0.28 per share, slightly better than the $0.27 analysts had expected. Revenue, however, fell short, $1.51 billion compared to the $1.54 billion that was expected. The company also cut its full-year sales guidance, citing weakness in its wholesale channel. Yahoo Finance Live breaks down the apparel company's results. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Overstock board, ExxonMobil, UWM upgrade: Trending StocksS&P 500 (^GSPC) stocks are falling as jobless claims remain historically low, with 207,000 individuals filing for unemployment. Overstock (OSTK) shares are trending higher following the addition of Camping World (CWH) CEO Marcus Lemonis to their board, who proceeded to buy over 33,000 Overstock shares. In a recent filing,ExxonMobil's (XOM) revealed its expectations for a $1.3 billion boost in profits this quarter alongside rising crude oil and gas prices. BTIG analysts upgraded United Wholesale Mortgage (UWMC) stock from a 'Buy' to a 'Neutral' rating. Yahoo Finance's Seana Smith and Brad Smith break down the morning's trending stocks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Levi's remains 'cautiously optimistic,' though consumers are feeling pressure, CFO saysLevi Strauss & Co. (LEVI) lowered its full-year sales guidance. The apparel company reported mixed third quarter results, with revenue coming in just shy of estimates. The company cited challenges in its wholesale channels like department stores and big box retailers for the weakness. However, Levi Strauss CFO Harmit Singh noted they saw growth in other areas like direct-to-consumer and e-commerce operations. Singh says the consumer has been 'resilient,' but U.S. consumers earnings between $50,000 and $100,000 are feeling some pressure. 'Consumers still shop and love brands they can trust,' Singh tells Yahoo Finance, adding: 'they love brands that offer consumer experience, they love brands that bring newness and relevance, and brands that offer price value.' While acknowledging missed expectations, the CFO said Levi's remains 'cautiously optimistic' that through new ideas and resilient consumer demand, the denim brand can get back to growth. Click here to watch the full interview with Levi Staruss CFO Harmit Singh on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US added 336,000 jobs in September, UAW strike latest: Yahoo Finance LiveThe September jobs report came in hotter than expected, with the U.S. adding 336,000 jobs, nearly double the 170,000 estimate. Also on the labor front, the UAW is expected to give another update on its ongoing strikes against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA). Some of the trending tickers on Yahoo Finance include Costco Wholesale (COST), Verizon Communications (VZ), and Palantir Technologies (PLTR).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Arun Kumar, Alix Partners Managing Director in Automotive & Industrial Practice3:10 p.m. ET - Julia Pollak, ZipRecruiter Chief Economist3:40 p.m. ET - Todd McKinnon, Okta CEO3:50 p.m. ET - Barrett Daniels, Deloitte & Touche National IPO Services Leader4:20 p.m. ET - Nick Akerman, Former Assistant U.S. Attorney, Southern District of New York
Source: YahooFinanceCA - 🏆 47. / 63 Read more »