boost

Historic courthouse renovation gets boost in Sunbury

It is a boost to preserve history in Northumberland County: a $100,000 grant for Northumberland County from the state Historical and Museum Commission.



a car parked on the side of a building


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That money will go toward preserving the historic county courthouse in Sunbury.

“We’ve been working on this courthouse trying to get grants, trying to get money for probably the last year. We’ve had engineers come in, do studies,” said Commissioner Sam Schiccatano.

In total, the state gave out more than $2.5 million to preserve and restore historical spots all over Pennsylvania.

Northumberland County leaders said their grant will go toward fixing up the outside of the courthouse, which dates back to 1865.

“Our courthouse and our prison was the location of the last conviction and execution of the last Molly MacGuire, which is really interesting fact which I never knew, and I just learned myself,” said Schiccatano.

County commissioners said the courthouse project will cost around 4 million.

They have saved some money for it, and call the state grant is a big help.

“Hopefully, when this gets all done, we hope in the spring of 2022, we won’t have to do anything with our debt fund or our taxes when it comes to remodeling our historic courthouse.”

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Bed Bath & Beyond sees a boost, Sheila Bridges’s new kicks, and more

It’s October, and whether or not you find yourself leaning into the spooky season, John Derian is—in a whimsical collection with Target, he’s designed 50 eerie accents and home decor pieces. No matter your mood, read on for headlines, launches and events, recommended reading, and more.

BUSINESS NEWS

Last week, Bed Bath & Beyond reported second-quarter earnings, and the results pleasantly surprised investors. The Motley Fool’s Howard Smith writes that the home retailer reported an increase in comparable-store sales for the first time since 2016, boasting an 89 percent growth spurt in its e-commerce division—despite foreboding cost cuts, store closures and other restructuring announcements a few weeks prior. “Bed Bath & Beyond’s successful quarter reflects the renewed interest in home improvement as consumers continue to spend more time working from home, and adding to the comfort of being at home,” he adds.

Fall High Point Market is just a week away, and the High Point Market Authority has announced that 70 percent of active exhibitors will open their doors for the event. Attendees will be able to plan their itineraries using an updated list of open vendors, available through the High Point Market app or on HPMA’s website.

LAUNCHES, COLLABORATIONS & PARTNERSHIPS

London-based decorative lighting brand Vaughan has kicked off its second “Made in the Shade” campaign in partnership with solar lighting nonprofit Watts of Love. All of the 30 participating designers, from Alessandra Branca to Kit Kemp, have been tasked with creating a unique lampshade for their favorite Vaughan lamp in their local showroom. For each social media post using the campaign’s hashtag before October 31, Vaughan will donate one dollar to Watts of Love. The lamps will be auctioned by Christie’s online through the platform Charitybuzz.

Office systems and furniture brand Knoll has launched its own

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Internet Protocol Camera Market – Actionable Research on COVID-19|Growing Adoption of Smart Homes to Boost the Market Growth

The global internet protocol camera market size is poised to grow by USD 8.47 billion during 2020-2024, progressing at a CAGR of over 14% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005618/en/

Technavio has announced its latest market research report titled Global Internet Protocol (IP) Camera Market 2020-2024 (Graphic: Business Wire)

The growing adoption of smart homes will be a significant factor in driving the growth of the IP camera market. The increasing number of thefts and burglaries in various countries has boosted the demand for security solutions, such as IP cameras, especially in the residential sector. The installation of IP cameras and smart motion sensors in residential properties will allow homeowners to monitor their homes remotely. Also, smart homes use internet-connected devices for remote monitoring and management of appliances and systems through a smart home application on their smartphone or networked device. The rising adoption of smart homes will further increase the demand for IP cameras as video surveillance and security form an integral part of these homes.

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Report Highlights:

  • The major internet protocol camera market growth came from centralized IP camera arrangement segment. Media recordings in centralized IP camera arrangement is either stored on a network video recorder (NVR) or digital video recorder. This arrangement is ideal for applications where recording devices need to be hidden or located

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Fiber Optics Market – Actionable Research on COVID-19 | Increase in the Number of FTTH Homes and Subscribers to Boost the Market Growth

The global fiber optics market size is poised to grow by USD 2.44 billion during 2020-2024, progressing at a CAGR of almost 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005444/en/

Technavio has announced its latest market research report titled Global Fiber Optics Market 2020-2024 (Graphic: Business Wire)

The increase in the number of FTTH homes and subscribers is the key factor driving the market growth. A higher number of customers are opting for fiber optic connections to leverage broadband services. This reduces the requirements for customer premises equipment (CPE) and distribution point unit (DPU).

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platform

Report Highlights:

  • The major fiber optics market growth came from telecom sector. The rise in FTTx applications has been a major driver for the telecom sector growth since it facilitates optical fiber connection for last-mile connections. The emergence of 5G communication technology will also be a major factor supporting the growth of the global fiber optics market in the telecom segment.

  • APAC was the largest fiber optics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing number of telecom subscribers and the deployment of fiber optics in communications will significantly drive fiber optics market growth in this region over the forecast period.

  • The global fiber optics market is fragmented. CommScope Holding Co. Inc., Corning

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Bed Bath & Beyond turnaround under way, but analysts say outside forces are also giving the company a boost

Tonya Garcia

Bed Bath & Beyond Inc. is reaping the rewards of an ongoing turnaround, but analysts say the company is also getting a boost from a coronavirus-impacted environment that has been favorable to the home space.

Bed Bath & Beyond (BBBY) shares are soaring after second-quarter earnings beat expectations, with the company reporting the first same-store sales increase since 2016 (link). Shares were up nearly 9% in Friday trading, and have rallied more than 40% for the week.

Many research groups have raised their price target on Bed Bath & Beyond shares.

But UBS says the results need to be put in the context of a strong home furnishings category.

“It’s clear to us that the rising tide is lifting all boats,” analysts led by Michael Lasser wrote. “However, Bed Bath & Beyond also executed more effectively to take advantage of this tailwind.”

Read: Amazon will host its delayed Prime Day shopping event on Oct. 13 and 14 (link)

UBS rates Bed Bath & Beyond shares neutral with a $20 price target, up from $13.

“While we are impressed by the progress made, clearly the environment is helping with many of Bed Bath & Beyond’s key categories,” wrote JPMorgan analysts in a note. “This suggests ongoing share loss and there remains a lot of work to fix the company’s operating foundation while the COVID-induced nesting lap looms. As such, we remain neutral.”

JPMorgan moved its price target to $21 from $10.

Prior to the earnings announcement, retailers across the home design, home goods, and home improvement space were experiencing high demand from consumers who are spending more time in their houses due to the pandemic.

Watch: Why retail bankruptcies won’t necessarily create a ‘retail apocalypse’ (link)

RH (RH) was upgraded last week (link) on analyst expectation that high-end home

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