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News Article | May 10, 2017
Site: www.businesswire.com

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Arcos Dorados Holdings, Inc. (NYSE:ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest McDonald’s franchisee, reinforces its commitment to childhood education with the addition of books as an option in Happy Meals. The Company’s youngest customers can now choose between a toy or a book across ten of its largest markets, including Brazil, Argentina and Mexico. Arcos Dorados embraces the transformative power of reading, with numerous studies confirming that children who grow up with books reach a higher level of education. Childhood illiteracy is a major issue across Latin America, and the Company has already distributed over 5 million books across the region to help address this critical need. With this new campaign, customers can choose between a toy or one of six hardcover collectible books exclusive to McDonald's restaurants. By putting the six books together, customers can assemble a secret puzzle from each collection. The campaign has been underway since April 2017 and includes iconic children’s comic characters, such as Snoopy in Ecuador, Peru, Mexico, Costa Rica, Panama and Colombia; Gaturro in Argentina, Uruguay and Chile; and Turma da Mônica in Brazil. During the last three years, McDonald's has developed different initiatives to ensure reading is an enjoyable and educational activity. Books are critical in helping establish a better future for children, stimulating imagination and fueling lifelong learning. With this new book option, McDonald's also hopes to create great family moments and strengthen the bond between parents and children. These campaigns have been accompanied by partnerships in Latin America with publishers, foundations and NGOs to help promote reading habits by bringing fun and educational books to children. To further make an impact, Arcos Dorados and its partners have also donated more than 10 thousand books to children in need. Peanuts, created by Charles M. Schulz, is the most popular and influential comic strip of all time. Published for over 65 years and across 75 countries, Peanuts had a readership of 35 million at its peak. Several of the strip’s television specials won or were nominated for Emmy Awards. Gaturro is a famous Argentinian comic strip cat created by cartoonist Cristian Dzwonik (“Nik”). Since its creation in 1996, the comic has been published in over 60 books, magazines and comic volumes with more than 3 million books sold, while a TV series is in its second season. Turma da Mônica, first published in 1963, is a popular Brazilian comic book franchise created by Mauricio de Sousa. The stories focus on the adventures of Mônica and her friends in the fictional neighborhood of Limoeiro in São Paulo. In addition to television programs, more than 12 films have been produced of the series. Arcos Dorados is the world’s largest McDonald’s franchisee in terms of systemwide sales and number of restaurants, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. The Company operates or franchises over 2,100 McDonald’s-branded restaurants with over 90,000 employees and is recognized as one of the best companies to work for in Latin America. Arcos Dorados is traded on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: www.arcosdorados.com/ir.


News Article | May 15, 2017
Site: www.businesswire.com

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Arcos Dorados Holdings Inc. (NYSE:ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest McDonald’s franchisee, will participate in the following upcoming investor conferences: Arcos Dorados is the world’s largest McDonald’s franchisee in terms of systemwide sales and number of restaurants, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. The Company operates or franchises over 2,100 McDonald’s-branded restaurants with over 90,000 employees and is recognized as one of the best companies to work for in Latin America. Arcos Dorados is traded on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: www.arcosdorados.com/ir.


News Article | May 24, 2017
Site: www.prnewswire.com

Tesoro and EP Energy also entered into a Crude Oil Supply Agreement, through which Tesoro will purchase all of the oil produced through the drilling joint venture, along with additional waxy crude oil produced by EP Energy in the Uinta Basin. This oil will provide assured supply of local crude oil for Tesoro's Salt Lake City Refinery. "In the Altamont field we have a deep inventory of high-return drilling opportunities. This joint venture will enable us to significantly increase the well-level returns and capital efficiency of our program," said Brent Smolik, Chairman, President, and Chief Executive Officer of EP Energy Corporation. "We plan to keep two rigs active in the Uinta Basin and look forward to building a long-term relationship with Tesoro, an in-basin refinery partner." "This agreement with EP Energy is an important step to further enhance our integrated value chain in the Rockies by supporting the growth of waxy crude oil production in the Uinta Basin, and allowing us to secure additional supply of this advantaged crude oil to further optimize the operation of our Salt Lake City Refinery," said Greg Goff, Chairman, President and CEO of Tesoro. "We believe this investment in crude oil production in Utah is good for our shareholders, our communities and for the State of Utah as it supports economic development in the region." The first wells under the joint venture are expected to begin production in July 2017.  EP Energy's average working interest in the joint venture wells is currently approximately 80 percent. EP Energy did not change its 2017 guidance for the new drilling venture; however the company expects to update its full year 2017 outlook mid-year. About EP Energy The EP Energy team has a passion for finding and producing the oil and natural gas that enriches people's lives.  EP Energy has a proven strategy, a significant reserve base, multi-year drilling opportunities, and a strategic presence in a number of the country's leading unconventional resource areas in North American. EP Energy is active in key phases of the E&P value chain—acquiring, developing and producing oil and natural gas. For more information about EP Energy, visit epenergy.com. About Tesoro Tesoro Corporation, a Fortune 100 company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates seven refineries in the western United States with a combined capacity of over 895,000 barrels per day and ownership in a logistics business, which includes an interest in Tesoro Logistics LP (NYSE: TLLP) and ownership of its general partner. Tesoro's retail-marketing system includes over 2,500 retail stations under the ARCO®, Shell®, Exxon®, Mobil®, USA Gasoline(TM), Rebel(TM) and Tesoro® brands. EPE: Cautionary Statement Regarding Forward-Looking Statements This release includes certain forward‐looking statements and projections of EP Energy. We have made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed, including, without limitation, the supply and demand for oil, natural gas and NGLs; the company's ability to meet production volume targets; the uncertainty of estimating proved reserves and unproved resources; the future level of service and capital costs; the availability and cost of financing to fund future exploration and production operations; the success of drilling programs with regard to proved undeveloped reserves and unproved resources; the company's ability to comply with the covenants in various financing documents; the company's ability to obtain necessary governmental approvals for proposed E&P projects and to successfully construct and operate such projects; actions by the credit rating agencies; credit and performance risk of our lenders, trading counterparties, customers, vendors and suppliers; changes in commodity prices and basis differentials for oil and natural gas; general economic and weather conditions in geographic regions or markets served by the company, or where operations of the company are located, including the risk of a global recession and negative impact on natural gas demand; the uncertainties associated with governmental regulation, including any potential changes in federal and state tax laws and regulations; political and currency risks associated with international operations of the company; competition; and other factors described in the company's Securities and Exchange Commission filings. While the company makes these statements and projections in good faith, neither the company nor its management can guarantee that anticipated future results will be achieved. Reference must be made to those filings for additional important factors that may affect actual results. EP Energy assumes no obligation to publicly update or revise any forward‐looking statements made herein or any other forward‐looking statements made by EP Energy, whether as a result of new information, future events, or otherwise. TSO: Forward-Looking Statements This release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including without limitation statements concerning: Tesoro's operational, financial and growth strategies, its ability to successfully effect those strategies and the expected timing and results thereof; statements regarding Tesoro's agreement with EP Energy, the terms thereunder, and the expected benefits thereof, including benefits to Tesoro's business, shareholders, communities and the State of Utah; and expected timing of well production. For more information concerning factors that could affect these statements, see Tesoro's annual report on Form 10-K, quarterly reports on Form 10-Q, and other public filings and press releases, available at www.tsocorp.com. Tesoro undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ep-energy-and-tesoro-announce-drilling-joint-venture-in-the-uinta-basin-300463481.html


News Article | May 24, 2017
Site: www.businesswire.com

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Arcos Dorados Holdings, Inc. (NYSE:ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest McDonald’s franchisee, has been recognized as the fourth best Company in Mexico for gender equality in a highly regarded index developed by consultancy TOP Companies, reinforcing its long-standing commitment to equality in the workplace. "We are proud to be one of Mexico’s top ranked companies for gender equality, reflecting our commitment to creating an inclusive workplace culture and ensuring equality at all levels of the organization,” said Francisco Bosch, Managing Director of Arcos Dorados Mexico. “At Arcos Dorados, gender equality has been a key focus for many years, and this award encourages us to further accelerate our efforts to advance gender diversity in our company and society.” Across Latin America, Arcos Dorados has more female employees, restaurant managers, and women in its corporate offices than men. The Company offers numerous facilities for mothers, including flexible schedules and lactation hours, helping them to achieve work-life balance. The Súper Empresas para Mujeres ranking (“Super Companies for Women”) was developed by TOP Companies and Grupo Expansión to evaluate the presence of women in key business positions across more than 178 companies in Mexico. Arcos Dorados promotes the continuous professional and personal development of women, recognizing their vital contribution and importance to the Company. The Company employs more than 90,000 people in Latin America, and fosters the standards, teamwork and experience to empower its employees with relevant skills for meaningful careers. The McDonald’s Global Women’s Leadership Network also recognizes the significant contribution women make across the organization globally, fostering a culture where women can succeed and grow. Arcos Dorados is the world’s largest McDonald’s franchisee in terms of systemwide sales and number of restaurants, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. The Company operates or franchises over 2,100 McDonald’s-branded restaurants with over 90,000 employees and is recognized as one of the best companies to work for in Latin America. Arcos Dorados is traded on the New York Stock Exchange (NYSE:ARCO). To learn more about the Company, please visit the Investors section of our website: www.arcosdorados.com/ir.


News Article | May 26, 2017
Site: www.forbes.com

One thing is certain: Whenever the oil crash comes, it will be only the beginning. Every year that follows will bring more electric cars to the road, and less demand for oil. Someone will be left holding the barrel.” Joe Romm, ThinkProgress, Oct. 21, 2016 "Two fundamental trends are shaping the future of the automobile. The first is the leveling off of world oil production. The second is the projected increase in all the most essential uses of oil … there will be less and less fuel for cars.”  Running on Empty: The Future of the Automobile in an Oil Short World, Worldwatch Institute, 1979 Numerous prognosticators claim that there is a revolution coming in the energy business, especially affecting the oil industry. New technologies will change the way people move and the power used to move them. Autonomous vehicles and Uber will reduce vehicle ownership (and driving) and electric cars will displace the use of petroleum in vehicles. The result will be a peak in oil demand by 2020 and a drop in oil prices by 2025, in the most extreme cases. To many, the revolution is "unstoppable," and they argue that the oil industry believes in it as well. This is the point where aged methane emissions like myself shake our heads and say, “How old are you?” Or, to quote R.J. Squirrel, “That trick never works.” (B.J. Moose always responds, “This time for sure.” But the trick doesn’t work.) As in the case of the debate about peak oil supply, covered in depth in my book, there are a lot of shortcomings to these arguments and no little irrational exuberance. Much of this is déjà vu all over again. The people talking about peak oil demand include some experts, but a lot more who are novices or laypeople ignorant of the industry, its history and economics, and especially the many other warnings that have been heard over the past few decades. (I even have a video lecture comparing some of the recent arguments and expectations with those from the 1970s.) A good example is this much ballyhooed quote:“the chief financial officer of Royal Dutch Shell and one of the most respected figures in the industry, told analysts on a conference call for the Shell results presentation that he believed “oil demand will peak before supply and that peak may be between five and 15 years hence.”  The author apparently is unaware of many similar comments from industry executives used to support peak oil supply beliefs, such as 1979’s “…world oil output is at or near a peak. This year or next could represent the highest level to be achieved.”  This from ARCO chairman Robert O. Anderson in the above-cited Worldwatch Institute paper. A first step in evaluating the likelihood of the proposed ‘peak oil demand’ revolution would be to consider some of the past revolutions. The real revolutions would include the rise of steam power, the spread of railroads, the discovery of oil and its use in the newly invented internal combustion engine. (Oil’s use in lighting was not a revolution, merely an improvement over candles and animal-fat lamps.)  In every case, the revolution was due to advances that made something better and cheaper in some combination, where consumers willingly switched over to improved products, in direct counterpoint to today’s advocates’ urging adoption of renewables and electric vehicles which require massive subsidies and mandates. Now, there are a number of reasons have been put forward to explain why oil demand might (or will) peak in the near future, and most have some validity but most also have a long history of not developing as predicted. Most do not involve “better and cheaper” so much as “someday better and cheaper” technologies, or expected trends that are at least somewhat questionable.


News Article | May 4, 2017
Site: www.prnewswire.com

Dewberry took on an expanded role this winter as the company evolved the structure of the supply chain team. This evolution was designed to drive enhanced integration and to expand the portfolio. Dewberry currently serves as senior vice president – supply chain and procurement. He joined Land O'Lakes in 2008 as Director of Dairy Planning. He is a very highly regarded strategist with a broad background including more than 12 years working as a supply chain consultant with companies including BDP International and KPMG and 15 years with consumer products and chemical companies like Kraft Foods, Corning Glass and ARCO. In addition to proving his value to clients in his consulting role, earlier in his career, Dewberry was hands-on in direct leadership plant positions in Kraft plants, including Entenman's Bakery, on the East Coast. With a chemical engineering degree from the University of Pennsylvania and MBA from Lehigh University, he has brought tremendous value in changing distribution models, accelerating service collaboration, redefining transportation strategy and positioning in the art of innovation. About Land O'Lakes, Inc. Land O'Lakes, Inc., one of America's premier agribusiness and food companies, is a member-owned cooperative with industry-leading operations that span the spectrum from agricultural production to consumer foods. With 2016 annual sales of $13 billion, Land O'Lakes is one of the nation's largest cooperatives, ranking 215 on the Fortune 500. Building on a legacy of more than 95 years of operation, Land O'Lakes today operates some of the most respected brands in agribusiness and food production including LAND O LAKES® Dairy Foods, Purina Animal Nutrition and WinField® United and Land O'Lakes SUSTAINTM. The company does business in all 50 states and more than 60 countries. Land O'Lakes, Inc. corporate headquarters are located in Arden Hills, Minn. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/land-olakes-inc-announces-new-chief-supply-chain-officer-300451828.html


DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Welding & Shielding Gas Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering. The global automobile industry is believed to witness sustainable long-term growth driven by rising disposable income of people, expanding desires of leading a luxurious lifestyle, wide variety of vehicle choices currently available for the customers of all pocket range from shallow ones to significantly deep one. The toughest expansion occurs for the Asia Pacific region followed by Latin America and North America which is primarily driven by the key automobile players including, Toyota (TM) Volkswagen AG (VOW), General Motors (GM), and Ford (F). The weaker acceptance of sophisticated welding technologies all through the developing nations such as China and India is expected to be a key restraint for the welding tools market expansion. In addition, the lack of proper and sufficient knowledge regarding the precise usage of key welding technologies coupled with the absence of capable workers in the segment can again be considered as a restraining factor for the growth of global welding and shielding market. Governmental strict regulations may also be considered as a key restraint for the growth of global welding and shielding gas market including, environmental constraints that hugely and negatively impact the company's profit margins while expanding the overall operational costs. Some of the major players in the global welding and shielding gas market include, General Distributing Co., Adams Gas, Keen Compressed Gas Co., Welders Supply, TWSCO, ARC3 Gases, Thomas Publishing Company, Oxygen Service Company, Inc., WISCO, American Welding & Gas, AGL, Dixons of Westerhope Ltd., ARCO Welding Supply Co., Central Welding Supply Co. Inc., Indiana Oxygen Company, etc. For more information about this report visit http://www.researchandmarkets.com/research/kkg2hg/global_welding


Zhou M.,Bristol Myers Squibb | Yang Z.,ARCO Co.
Statistics in Medicine | Year: 2014

The kappa statistic is widely used to assess the agreement between two raters. Motivated by a simulation-based cluster bootstrap method to calculate the variance of the kappa statistic for clustered physician-patients dichotomous data, we investigate its special correlation structure and develop a new simple and efficient data generation algorithm. For the clustered physician-patients dichotomous data, based on the delta method and its special covariance structure, we propose a semi-parametric variance estimator for the kappa statistic. An extensive Monte Carlo simulation study is performed to evaluate the performance of the new proposal and five existing methods with respect to the empirical coverage probability, root-mean-square error, and average width of the 95% confidence interval for the kappa statistic. The variance estimator ignoring the dependence within a cluster is generally inappropriate, and the variance estimators from the new proposal, bootstrap-based methods, and the sampling-based delta method perform reasonably well for at least a moderately large number of clusters (e.g., the number of clusters K ≥50). The new proposal and sampling-based delta method provide convenient tools for efficient computations and non-simulation-based alternatives to the existing bootstrap-based methods. Moreover, the new proposal has acceptable performance even when the number of clusters is as small as K=25. To illustrate the practical application of all the methods, one psychiatric research data and two simulated clustered physician-patients dichotomous data are analyzed. © 2014 John Wiley & Sons, Ltd.


Yang Z.,ARCO Co. | Zhou M.,Bristol Myers Squibb
Statistics in Medicine | Year: 2014

Kappa statistic is widely used to assess the agreement between two procedures in the independent matched-pair data. For matched-pair data collected in clusters, on the basis of the delta method and sampling techniques, we propose a nonparametric variance estimator for the kappa statistic without within-cluster correlation structure or distributional assumptions. The results of an extensive Monte Carlo simulation study demonstrate that the proposed kappa statistic provides consistent estimation and the proposed variance estimator behaves reasonably well for at least a moderately large number of clusters (e.g., K ≥50). Compared with the variance estimator ignoring dependence within a cluster, the proposed variance estimator performs better in maintaining the nominal coverage probability when the intra-cluster correlation is fair (ρ ≥0.3), with more pronounced improvement when ρ is further increased. To illustrate the practical application of the proposed estimator, we analyze two real data examples of clustered matched-pair data. © 2014 John Wiley & Sons, Ltd.


Ghys L.,UCB Pharma | Surmann E.,UCB Biosciences GmbH | Whitesides J.,ARCO Co. | Boroojerdi B.,UCB Biosciences GmbH
Expert Opinion on Pharmacotherapy | Year: 2011

Objective: The aim of this research is to characterize further the potential motor and non-motor benefits of rotigotine reported in the double-blind, placebo-controlled RECOVER trial primary publication, by performing a post hoc exploratory analysis of patient status (symptom improvement/worsening). Methods: Full RECOVER trial methodological details have already been reported. The post hoc analyses presented here are done on individual items of the PDSS-2 and PDQ-8 for all patients and two subgroups (baseline symptomatic and highly symptomatic patients). Results: Ten PDSS-2 and five PDQ-8 items show significant mean treatment difference versus placebo. In the overall population, items that most favor rotigotine in percentage of patients with improvement are 'limb pain causes waking' and 'uncomfortable in bed due to immobility' for PDSS-2; for PDQ-8, rotigotine is most favored in 'difficulty dressing', 'felt depressed' and 'difficulty getting around in public'. Among symptomatic and highly symptomatic patients, the PDSS-2 items that most favor rotigotine are both indicators of pain. On the PDQ-8, the two items most favored in symptomatic patients are 'difficulty dressing' and 'embarrassed in public due to PD', and in the highly symptomatic subgroup 'difficulty dressing' and 'difficulty getting around in public'. Conclusion: Though this trial was not powered for statistical subgroup analysis, these post hoc results indicate that treatment with rotigotine may benefit patients with sleep, pain, mood and quality-of-life issues. © 2011 Informa UK, Ltd.

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