We think part of it is
the new agency pricing and all the Big Five raising their prices so much.
Update: I took some screenshots of prices last night to see how
the new Agency prices would compare.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of
new and maturing programs; 2) our ability to perform our obligations under our
new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on
new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future
pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase
price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and
agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Outback Western Australia is the worst - performing property market in the nation, according to a
new report by ratings
agency Moody's, which also found housing
prices in Perth have fallen by 8 per cent since peaking in December 2014.
The next few weeks will give investors an insight into whether the production cuts by OPEC and non-OPEC will be fully implemented and will be a crucial period for
prices of the commodity, according to a
new monthly report by the IEA (International Energy
Agency).
The Federal Housing Finance
Agency puts out its March home
price index on Tuesday while the U.S. Census Bureau releases data on
new home sales.
New data from the Federal Housing Finance
Agency shows that Stockton is on the top of the list of the country's 100 biggest metropolitan areas where home
prices have increased.
In March this year, the International Energy
Agency (IEA) said that unless the industry approves fresh investments in
new projects, global oil supply may be struggling to catch up with demand after 2020, which could result in a sharp jump in oil
prices.
Western allies press Trump to maintain nuclear deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China's debt - ridden economy: CNBC Federal judge orders gov» t must accept
new DACA immigration applications: WaPo Unification of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded in April after March decline: CB New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016: Bond Buyer S&P Case - Shiller Home Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance Agency: US house prices continued to rise in Feb: HW Corp bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Mo
new DACA immigration applications: WaPo Unification of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded in April after March decline: CB
New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016: Bond Buyer S&P Case - Shiller Home Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance Agency: US house prices continued to rise in Feb: HW Corp bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Mo
New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016: Bond Buyer S&P Case - Shiller Home
Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance
Agency: US house
prices continued to rise in Feb: HW Corp bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Money
To drill a bit deeper into
New Jersey home
prices, we reviewed the Federal Housing Finance
Agency (FHFA)
New Jersey House
Price Index.
Lhota and Cuomo have pressured de Blasio to split the $ 836 million
price tag — a mix of
new capital and operating funds — but the mayor has insisted that he would not give the MTA more city dollars until the
agency spent its money more wisely.
Asked when the Federal Government would release the
new price temperate of the Petroleum Product
Pricing Regulation
Agency (PPPRA), he said that he approved the new price for the agency on Thu
Agency (PPPRA), he said that he approved the
new price for the
agency on Thu
agency on Thursday.
In a bid to rejig key parastatals in the petroleum industry ahead of the reforms, President Goodluck Jonathan Tuesday announced the appointments of Mr. Reginald Chika Stanley as the
new Executive Secretary of the Petroleum Product
Pricing Regulatory
Agency (PPPRA) and Mr. Osten Oluyemisi Olurunsola as
new head of Department for Petroleum Resources (DPR).
«Immediate reconstitution of the board of PPPRA and PEF for the management of the
new price regime and the reconstitution and the re-strengthening of relevant
agencies such as Standard Organization of Nigeria, DPR and the Nigeria Customs and Excise Department to prevent the abuse of the
new framework of PMS supply and distributions.»
Paul Brennan, Director of Purchasing for Rockland County, advised that «the use of the SmartProcure Database allows county procurement staff to research
price history on almost any product or service, discover
new vendors and increase competition for our solicitations, analyze our own spending, and increase the opportunity for cooperative contracts among government
agencies.»
He says county residents can not afford to pay the
price of higher electric bills resulting from the
new zone and is calling on a federal
agency to halt the zone's implementation.
Katz said she would use the results of the study to order audits of
agencies she felt were under - serving the people of
New York for too high a
price.
The
agencies estimate the rules will add roughly $ 950 to the
price of a
new car or truck in 2016 and cost industry $ 52 billion to implement.
Peterson isn't sure how engineers will use the
new information, but he says the
agency couldn't be confident in longer term predictions when so many factors — the
price of oil, the actions of regulators — could influence earthquake rates.
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And when the
price tag for the full cost of
new technology, training, leadership, teacher preparation, and all the rest became clear in 2014 and 2015, just as states emerging from the Great Recession were restoring cuts to state
agencies and hoping to trim taxes, it was no surprise that a slew of states decided they'd keep the Core standards but also their old assessments, instructional materials, training, and teacher preparation.
The later 1.5 liter American - market CRX HF (high fuel economy) model (chassis codes EC1 and AF) could also reliably achieve very good gas mileage, more than a decade before gas - electric hybrids appeared on the market, and at no
price premium over the base model; the 1.5 liter is rated by the U.S. Environmental Protection
Agency (EPA)(under the
new rating system) at 42 miles per U.S. gallon (5.6 l / 100 km; 50 mpg ‑ imp) city and 51 miles per U.S. gallon (4.6 l / 100 km; 61 mpg ‑ imp) highway.
Before the
agency model, Amazon was buying
new ebook releases at the wholesale
price of the hardcovers, then turning around and selling them for retail at dollars less.
Apple introduced a
new model — called the «
agency» model — where the publisher sets the
price of the e-book and the retailer sells it for that
price, taking a 30 percent fee.
When they resisted providing ebooks at all (windowing), then resisted fair
prices (charging $ 20 for a
new release), and then threatening to take their ebooks away from Amazon unless they switched to
agency pricing... Amazon had little choice.
Asked if the higher
pricing of e-books, in the wake of publishers»
new agency agreements with Amazon, had also figured in the slowdown of e-book sales, Reidy noted that in the wake of publisher settlements over e-book
price - fixing charges in the case with Apple, «I'm not supposed talk about
pricing,» but added that «our data says that our
pricing is effective.»
The pitfalls of discussing
new contracts all at once would be tantamount to collusion and would go against the DOJ settlement on
agency pricing.
The
new pricing strategy is called
agency - lite, which mandates these stores sell e-books at a fixed cost.
When i talked to Apple and Kobo about life after
agency pricing they all told me they had to negotiate
new contracts one by one and let a certain amount of time pass (normally six months) before they can sign a
new contract with another publisher.
Now with
agency pricing back, a
new book ranges from $ 9 to $ 12 to $ 18 from a major publisher.
This
new model would change the way that books were
priced as well as shifting to an «
agency» basis whereby Amazon instead of receiving a discount and selling the book at a
price of their choosing, would sell books at a
price set by the Publisher and receive a commission of 30 % on that
price.
We could could get mired in a debate about whether they would have increased even faster without
agency pricing and so on but let's save that for another day (or to quote that great
New Yorker cartoon «Tuesday's not good.
Following the Hachette dispute with Amazon over wholesale versus
agency pricing — a dispute that saw Amazon remove Hachette titles from its website for a time — other publishers fell in line to try to negotiate
new terms with the largest book retailer on Earth.
Since the
new agreement and the onset of refined
agency pricing, Amazon no longer lists those titles with the disclaimer that the
price was determined by the publisher; also, a number of titles from those publishers have already been discounted on the retailer's website.
Industry insiders and general interested parties proclaimed that under the
new Agency model being adapted by major publishers in determining global eBook
prices, violates anti-trust and anti-competitive laws.
The loss of
agency pricing will simply allow best sellers and
new releases to come down in
price to something more readers will be willing to pay.
The letter also says that the
new agreement with Amazon is a return to a «version of
agency pricing that, with some limited exceptions, gives control of e-book
pricing to Simon & Schuster.»
I agree the 10 % would remain the same but it's 10 % of the publisher's revenue, not the retailer's sale
price, and under the
new agency model the publisher's revenue (as Macmillan has explicitly stated) would be less, hence the author's revenue would also be less.
Part of the publishers» settlement terms included allowing retailers like Amazon to discount
new releases for certain time periods, but the DOJ's terms have severed Apple's contracts on
agency pricing for five years.
As a way of getting publishers on board with the
new device, which the company hoped would allow it to compete with the Kindle as an e-reader, Apple agreed to the «
agency model» for
pricing.
Last year, a federal court in
New York ruled that five houses, Hachette included, had illegally colluded to change all of their e-book sales arrangements to something called the
agency model, which would allow them to control the
prices at which their titles are sold.
My hypothesis is that when the
new agency contracts were negotiated Amazon got deep discount
pricing on some or all of the Big 5 physical books.
And, aside from the Hachette numbers that were reported, we're hearing widespread but totally unofficial reports that big publisher ebook sales are dropping noticeably when their
new higher
agency prices are activated.
It is the first shot across the purchasing bow in big publishers» efforts to reset ebook
pricing above the loss - leader $ 9.99
price point and retake control over that
pricing by moving from the wholesale selling model to an
agency selling model (first reported exclusively in Lunch Deluxe on January 19), at least for ebooks published simultaneously with
new hardcover releases.
The complaint claims that the five publishing houses forced Amazon to abandon its discount
pricing and adhere to a
new agency model, in which publishers set
prices and extinguishedcompetition so that retailers such as Amazon could no longer offer lower
prices for e-books.
Barnes and Noble is appealing the entire settlement, and if they lose the company would need to renegotiate ebook
prices with ALL of those publishers to absolve the
agency pricing and get
new contracts for wholesale.
Now that
agency ebooks have a fixed
price, you've got to hand it to Kobo for coming up with
new promotions to keep things interesting.
This settlement will allow retailers to set the
price of ebooks again, meaning the publishers will have to negotiate all
new contracts with their retailers and agree to abandon the «
agency model» that was established under the supposed anti-trust violations.
(Print sales started to grow even before «
new Agency»; when higher
prices hit the ebook market, print was immediately assisted.)
[The slide] shows that — under Harper's
new post-settlement
agency ebook
pricing (which raised
prices slightly versus their original
agency price tiers)-- ebooks are significantly more profitable than print books.