Consumer confidence rebounds as Brexit shock subsides

Confidence among UK consumers increased by five points in August, with all five measures used to calculate the index score rising from July.

Market research firm GfK reported on Wednesday that its long-running UK Consumer Confidence Index stood at -7, up from -12 a month earlier in the wake of the referendum decision to leave the European Union. The index remains below pre-referendum levels, however.

Commenting on the latest survey, Joe Staton, head of market dynamics at GfK, said:

?We?re reporting some recovery in the Index this month as consumers settle into the new wait-and-see reality of a post-Brexit, pre-exit UK. The uptick in confidence is driven by good news from hard data, the combination of historic low interest rates matched with falling prices and high levels of employment.?

Staton also highlighted the ?remarkable? 16-point collapse in GfK?s Savings Index, down from +1 last month to -15.

People are ?clearly determined to carry on shopping for today rather than saving for tomorrow,? he said.

GfK?s findings are in line with the YouGov/Cebr Consumer Confidence Index, released on Friday, which showed its largest monthly increase since February 2013.

YouGov said that August?s improvement in consumer confidence ?follows positive news from other areas of the economy and punctures the arguments of those who predicted immediate economic Armageddon following a Brexit vote. Both inflation and unemployment are low, for now, which is undoubtedly supporting consumer optimism.?

But the research firm also noted that consumers have yet to feel many – if any – effects from the vote to leave the EU. And despite the strong improvement during August the index has only recovered around half of the ground it lost in the wake of the referendum.

?Everything could change once details of the deal to leave the EU emerge and the process of extracting ourselves from the Union becomes a reality,? YouGov concluded.

Kratos receives USD14m in UAS, C5ISR program

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has received USD14 million in unmanned aerial system (C5ISR) program related product orders, the company said.

The products and systems to be delivered under these orders will be manufactured in a secure Kratos facility.

Kratos Defense & Security Solutions, Inc. is a mid-tier government contractor with the Department of Defense´s third offset strategy. Kratos is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies´ national security.

Gogo promotes airline industry veteran to EVP/CEO

Gogo (NASDAQ: GOGO) has promoted John Wade to the role of executive vice president and chief operating officer, the company said

Wade has more than 30 years of experience in the aviation industry including numerous leadership positions in the avionics and in-flight communications industry. For the past eight years, he has served as the general manager of Gogo´s business aviation. Before joining Gogo, John served as the CTO at OnAir.

Wade will be responsible for Gogo´s operations, quality control, commercial airline account management and commercial sales. He will maintain oversight over Gogo´s business aviation division.

Gogo provides broadband connectivity solutions and wireless entertainment to the aviation industry. Gogo has partnerships with 16 commercial airlines and has installed in-flight connectivity technology on more than 2,800 commercial aircraft.

CommutAir appoints director of SOC/dispatch

CommutAir has appointed David Petris to the team as director of SOC and dispatch in the corporate office, the company said.

Petris was previously the systems control manager at SkyWest Airlines´ operations control center and had experience in systems control, dispatch and crew support.

CommutAir is experiencing substantial growth, creating significant advancement and hiring opportunities, not just in the corporate office, but on the runway as well. The addition of forty ERJ-145 jets to the fleet requires CommutAir to hire a large number of pilots.

CommutAir, operating as United Express, is majority owned by Champlain Enterprises Inc. The company operates more than 800 weekly flights to 30 plus destinations.

PharmRight partners with Zipit Wireless to develop medication dispensing system

PharmRight´s Livi has leveraged Zipit´s IoT platform to assist individuals in managing complex medication regimens remotely, the company said.

A cloud application, developed by Zipit Wireless for PharmRight, monitors and captures all user interactions with Livi, sends mobile alerts to family members and professional caregivers of missed doses or re-fill requests and encrypts communications between the cloud infrastructure and Livi. Comprehensive medication adherence reports are provided to improve collaboration between an individual and the care team.

PharmRight Corporation produces devices to help users manage complex medication regimens. A cloud application monitors and captures all user interactions with the device.

Zipit Wireless is a provider of communications and IoT business and technology solutions that leverage the company´s proven IoT platform, expertise in connected ecosystems and managed operational services.

RushCard introduces mobile app with security features

RushCard has launched a new mobile app for Android and iOS with security features, which include pause protection, the company said.

Pause protection allows customers to suspend purchases on their account at any time. The app features one touch access, which allows customers to access their account on their mobile devices with their fingerprint. The app also includes a pharmacy e-card, giving customers access discounts on prescription medications at Walmart.

UniRush, LLC offers Americans basic financial services via the RushCard.

Southwest Airlines, pilot union reach tentative agreement

Southwest Airlines Co. (NYSE: LUV) has reached a tentative agreement on the terms of a new contract for its pilots, the company said.

The negotiating committees will work to draft final language. Once complete, the agreement will go through the normal union ratification process.

The current pilot contract became amendable September 1, 2012. The Southwest Airlines Pilots´ Association represents approximately 8,000 pilots.

Dallas-based Southwest Airlines operates more than 3,900 departures a day during peak travel season across a network of 98 destinations in the United States and seven additional countries with service to three airports in Cuba expected to begin later this year, subject to governmental approvals.

Whereable Technologies signs deal with GEOS

Whereable Technologies LLC has signed an exclusive deal with GEOS Safety Solutions, a global leader in security and personal safety, to support the company´s inaugural product, RiskBand, a wearable, live-monitored personal safety device that doesn´t require connection to a cell phone, the company said.

The renewable five-year deal provides RiskBand with an emergency monitoring and response team goes into whenever a RiskBand wearer activates the device. As RiskBand begins recording and transmitting real-time GPS location information, photos and two-way audio, GEOS´ certified and emergency response coordination team will hear and see what is happening to assess the situation and contact the proper local authorities to launch the appropriate response — typically in about a minute.

A RiskBand wearer can use the device to get help in any type of emergency, including crime, fire, injury or accident — whether at home or traveling, in more than 200 languages and dialects.

Whereable Technologies LLC is a global safety device company and creator of a wearable, live-monitored personal safety device that doesn´t require connection to a cell phone or transmitting station.

GEOS Safety Solutions and GEOS Response are parts of a global group of companies that provide best-in-class asset safety and security solutions for people, places and things.

Komy designs new feature for aircraft overhead bins

Komy Co., Ltd. has introduced KomyMirror model, that will install in a type of overhead stowage bins on the Airbus A320neo, the company said.

The company said the KomyMirror provides a wide-angle view despite being flat. The new patent-pending KomyMirror has three times the surface area of the conventional KomyMirror model while still weighing almost exactly the same.

The KomyMirror is installed as standard equipment on many new aircraft from the world´s two largest aircraft manufacturers, Airbus and Boeing, and is used by more than 100 airlines around the world.

Zentera cited in Gartner multicloud, hybrid architectures report

Zentera Systems, Inc.´s CoIP overlay solution has been cited in two recent Gartner ­publications focused on hybrid architectures for cloud computing and building a multi-cloud network, the company said.

Gartner said cloud network overlay solutions bridge virtual private clouds (VPCs) in cloud providers with on-premises data center networks, extending the data center network to the cloud provider.

Zentera said its CoIP solution provides security and networking for the enterprise hybrid cloud and multicloud market allowing enterprises to workloads across domains and clouds with one unified virtual network.

Zentera offers secure multicloud networking that connects datacenters to clouds with enterprise-grade security.