Wall Street has posted sharply lower Friday, consolidating its gains from yesterday hearty. Yesterday, the U.S. rating was especially welcomed the figures of GDP of the United States for the 3rd quarter 2009, marked by a strong growth rate of 3.5%. However, doubts remain as to the course of this symbolic sustainable out of recession ... Today the U.S. government has announced that both consumption statistics and household income as expected with little relief in September. Other statistics of the day, the Chicago PMI and consumer confidence index from the University of Michigan, struggling to cheer traders. Yet, the Chicago manufacturing index and the index of consumer sentiment have both exceeded expectations. Moreover, the bankruptcy fears continue to weigh on the record CIT Group ... The DJIA closed down 2.51% at 9712 pts, while the Nasdaq (NASDAQ: news) lost 2.50% to 2.045 pts.
October 31, 2009
USA: Subprime regain their market share in 2006
Bankers and investors seemed like he played with fire ... while the world economy is reeling from the subprime crisis, a study by an economist at the U.S. central bank released Monday reveals that the market share of new U.S. home loans granted to households to risky financial profile is returned to its peak of 2006.
Unconsciousness or rule of the sorcerer's apprentice?John Krainer, an economist at the Federal Reserve Bank of San Francisco, said so in his study that the proportion of borrowers with limited collateral - holding a credit score of less than 660 - has returned just over 20%.
Let the observed value at the peak of the subprime securitization in 2006. What do shudder .... although in volume, the amount of subprime dropped from this date.
The wisdom that have lasted so long, very ephemeral, although this share had dropped to almost zero in early 2008.
Far from being completely pessimistic, John Krainer WHERE THERE notes, however, very strong differences between "subprime" current and pre-crisis.
He noted as well that "the three organizations provide mortgage refinancing semi unprecedented support to the housing market, owning or guaranteeing nearly 95% of new residential mortgages." What reassurance in the huts and skyscrapers. Fannie Mae Freddie Mac and Ginnie Mae and allow the private sector to avoid getting into a subprime loan without government guarantee. This was not the case earlier ... but has a price. To date, the Treasury dedicated "to the case" 95.6 billion dollars, and the Federal Reserve of $ 766.5 billion.
John Krainer also notes that the number of new mortgages has slowed considerably over the past two years. The net indebtedness of households backed mortgages has declined every quarter since early 2006. It is now negative for the first time since the 1970s.
Finally, the nature of subprime loans has changed, borrowers and lenders being forced to comply with stricter rules of the three parastatals. ( USA: Subprime regain their market share in 2006 )
October 26, 2009
Call Mark Carney
The dollar risk of new attention Monday. It will be difficult for the financiers of Quebec do not think since the visit of the Governor of the Bank of Canada in Montreal. Mark Carney is expected to speak at 9:30 in downtown Montreal as part of the 4th appointment of the AMF.
The event runs all day at the Palais des Congres de Montreal. Workshops on climate change, tax havens, the challenges of global financial markets and the role and responsibilities of the regulator, financial industry and consumers.
We'll see if Mark Carney will benefit from his presence in Montreal for making remarks that could influence traders' transactions.
The quarterly results of companies will once again keep investors on alert this week. Verizon, Corning, McGraw-Hill, Baidu and RadioShack are some American companies that publish their financial results during the first sitting of the market week.
So far, over 80% of the 200 companies that comprise the S & P 500 have released their numbers have exceeded expectations since the beginning of the round results for the third quarter.
Rogers Communications, which published its quarterly figures on Tuesday will announce today a minority investment in Vuguru, a studio for video on the Internet held by former Disney boss Michael Eisner. The New York Times argues that this transaction will be announced officially today.
The U.S. government also resumed its funding bids today after a break of several weeks. Washington will try to reap more than $ 100 billion by selling bonds of different maturities this week. The auction begins Monday afternoon with the sale of securities of 3 months and six months and commercial paper of five types of TIPS (Treasury Inflation Protected Securities).
It must also watch the price of oil was trading stably at $ 80 U.S. a barrel Monday on the markets.
At 8am, futures on the Dow Jones was trading in a very slight increase, which does not allow the clear which way the NYSE would consider early in the session at the official opening of markets to 9.30. Call Mark Carney.
The event runs all day at the Palais des Congres de Montreal. Workshops on climate change, tax havens, the challenges of global financial markets and the role and responsibilities of the regulator, financial industry and consumers.
We'll see if Mark Carney will benefit from his presence in Montreal for making remarks that could influence traders' transactions.
The quarterly results of companies will once again keep investors on alert this week. Verizon, Corning, McGraw-Hill, Baidu and RadioShack are some American companies that publish their financial results during the first sitting of the market week.
So far, over 80% of the 200 companies that comprise the S & P 500 have released their numbers have exceeded expectations since the beginning of the round results for the third quarter.
Rogers Communications, which published its quarterly figures on Tuesday will announce today a minority investment in Vuguru, a studio for video on the Internet held by former Disney boss Michael Eisner. The New York Times argues that this transaction will be announced officially today.
The U.S. government also resumed its funding bids today after a break of several weeks. Washington will try to reap more than $ 100 billion by selling bonds of different maturities this week. The auction begins Monday afternoon with the sale of securities of 3 months and six months and commercial paper of five types of TIPS (Treasury Inflation Protected Securities).
It must also watch the price of oil was trading stably at $ 80 U.S. a barrel Monday on the markets.
At 8am, futures on the Dow Jones was trading in a very slight increase, which does not allow the clear which way the NYSE would consider early in the session at the official opening of markets to 9.30. Call Mark Carney.
S. Ballmer confirms Zune integration services
S. Ballmer confirms Zune integration services in the "next version of Windows Mobile
The Microsoft boss assured that services and music video Zune would be included in the next version of Windows Mobile. Yes but which one?
While Apple has integrated the functions of iTunes since the launch of the iPhone, Microsoft has still not taken the plunge with its Zune online services that offer downloads of music and video.
A lack which will be filled soon as Steve Ballmer has confirmed in person at our fellow site Engadget at a meeting in New York. But the boss of Microsoft has raised questions in confidence that the Zune service will be present in the "next version" of Windows Mobile, without naming Windows Mobile 7.
There is talk of a version 6.5.1 which captures have been published on istartedsomething.com. It could be revealed at the Consumer Electronic Show in Las Vegas next January.
Among the novelties approached, access to services and therefore Zune support of capacitive screens. Microsoft has not yet wanted to confirm the existence of this update. ( S. Ballmer confirms Zune integration services )
The Microsoft boss assured that services and music video Zune would be included in the next version of Windows Mobile. Yes but which one?
While Apple has integrated the functions of iTunes since the launch of the iPhone, Microsoft has still not taken the plunge with its Zune online services that offer downloads of music and video.
A lack which will be filled soon as Steve Ballmer has confirmed in person at our fellow site Engadget at a meeting in New York. But the boss of Microsoft has raised questions in confidence that the Zune service will be present in the "next version" of Windows Mobile, without naming Windows Mobile 7.
Zune integration services
That revived the rumor that Redmond had planned to release an interim version of its mobile OS, history to avoid a full year will elapse between Windows Mobile 6.5, which does not mark a turning point and his intended successor to fill the long delay.There is talk of a version 6.5.1 which captures have been published on istartedsomething.com. It could be revealed at the Consumer Electronic Show in Las Vegas next January.
Among the novelties approached, access to services and therefore Zune support of capacitive screens. Microsoft has not yet wanted to confirm the existence of this update. ( S. Ballmer confirms Zune integration services )
Sagemcom Spiga launches its 3G + SmartBook
Halfway between netbook and the smartphone, this device comes Booklet compete with 3G or the Nokia N910 to Mobinnova.
After a long period of crisis and doubt, Sagem off again to attack the market with a new identity (Sagemcom) and new products. The French manufacturer is visibly differentiate themselves by launching a hybrid, half-netbook, mid-smartphone.
This concept combined the advantages of a netbook (lightness, autonomy, power, screen, conventional operating system, full keyboard) and 3G + already exists, it has been named SmartBook by Qualcomm.
This PocketBook, called Spiga thus resembles a Pocket PC (158 x 94.1 x 18.6 mm for 315 grams) with a large connectivity: WiFi, Bluetooth, 3G and 3G +. It is according to its creator's smallest laptop in the world.
It has a touch screen color TFT 4.8 inch (1024 x 768 pixels) to comfortably surf the web (no horizontal scrolling to view a Web page in full).
Under the hood, we find the great Intel Atom processor (Z510 at 1.1 GHz), Windows XP (a version Android could be launched), a memory SSD 8GB and a Lithium-Ion replaceable 2400 mAh. Sagemcom promises a start in less than 30 seconds.
Spiga has a physical keyboard azerty 56 buttons, a webcam (1.3 megapixel), a SIM card reader, a pen (because you can not find a control pad), a Mini USB 2.0, and a card reader, Micro SD.
This 'Pockebook' will be available by the end of the month at a price of 499 euros (excluding pack operator). But chances are it is subsidized by mobile operators, this type of machine found its natural place in such machines with Web subscriptions unlimited dedicated.
It will compete with the now famous Booklet 3G Nokia (700 euro naked display of 10.1 inches) or the N910 to Mobinnova.
Recall that Sagemcom left the bosom of Safran and is now held up to 57% by the U.S. investment fund Gores Group, the remaining capital is distributed among employees (25%), Saffron (8%) and ICC (7%). ( Sagemcom Spiga launches its 3G + SmartBook )
After a long period of crisis and doubt, Sagem off again to attack the market with a new identity (Sagemcom) and new products. The French manufacturer is visibly differentiate themselves by launching a hybrid, half-netbook, mid-smartphone.
This concept combined the advantages of a netbook (lightness, autonomy, power, screen, conventional operating system, full keyboard) and 3G + already exists, it has been named SmartBook by Qualcomm.
Sagem Smartbook
But the machine is not equipped Sagemcom component of Qualcomm's Snapdragon. Suddenly, she is not qualified to SmartBook by its creator but 'PocketBook ... In short, the names are increasing but it is in all cases to succeed where the MID (Mobile Internet Devices) have never really bored.
It has a touch screen color TFT 4.8 inch (1024 x 768 pixels) to comfortably surf the web (no horizontal scrolling to view a Web page in full).
Under the hood, we find the great Intel Atom processor (Z510 at 1.1 GHz), Windows XP (a version Android could be launched), a memory SSD 8GB and a Lithium-Ion replaceable 2400 mAh. Sagemcom promises a start in less than 30 seconds.
Spiga has a physical keyboard azerty 56 buttons, a webcam (1.3 megapixel), a SIM card reader, a pen (because you can not find a control pad), a Mini USB 2.0, and a card reader, Micro SD.
This 'Pockebook' will be available by the end of the month at a price of 499 euros (excluding pack operator). But chances are it is subsidized by mobile operators, this type of machine found its natural place in such machines with Web subscriptions unlimited dedicated.
It will compete with the now famous Booklet 3G Nokia (700 euro naked display of 10.1 inches) or the N910 to Mobinnova.
Recall that Sagemcom left the bosom of Safran and is now held up to 57% by the U.S. investment fund Gores Group, the remaining capital is distributed among employees (25%), Saffron (8%) and ICC (7%). ( Sagemcom Spiga launches its 3G + SmartBook )
Which BlackBerry affected by the 5.0 firmware?
The new operating system for smartphones RIM could be released later in the week. A list of affected models which circulates only BlackBerry with at least 64 MB of memory are concerned.
According to CrackBerry sites and Boy Genius Report, apparently preparing to launch RIM's BlackBerry OS 5.0 this week. As expected, some models will unfortunately not receive the update.
Apparently, the Storm 9530 will be the first to have received the update, as evidenced by several sites. The official announcement would be close to stick with planned launches in November of Storm 2 and the Bold 9700, both equipped with OS 5.0. ( Which BlackBerry affected by the 5.0 firmware? )
According to CrackBerry sites and Boy Genius Report, apparently preparing to launch RIM's BlackBerry OS 5.0 this week. As expected, some models will unfortunately not receive the update.
BlackBerry Firmware
From the list circulating on the Web, most existing terminals are however eligible Pearl Flip 8220/8230, 8330/8350i/8900 Curve, Bold 9000, Storm Tour 9500/9530 and 9630. Excluded are models do not have the 64 MB minimum memory requirements.Apparently, the Storm 9530 will be the first to have received the update, as evidenced by several sites. The official announcement would be close to stick with planned launches in November of Storm 2 and the Bold 9700, both equipped with OS 5.0. ( Which BlackBerry affected by the 5.0 firmware? )
Mozilla prepares its offensive for Android and iPhone
The Foundation has its boxes in an application mystery to the terminal and completes Apple's mobile browser (Fennec) for terminals Google.
Program responsible for the Mozilla Foundation in mobility. Few in this smartphone, especially in terms of browser, the publisher of Firefox has decided to seize the initiative to also get its share of the pie.
Mozilla looks so close to the iPhone. John Lilly, CEO of the foundation has told the webzine Gigaom first application that house would soon be available on the terminals of the apple.
Surprise
The man would not give further details. Is it a browser? This is doubtful as Safari is effective on the smartphone fruit. Others think it would be a tool for synchronizing web-mobile.
In any case, as the CEO, this application will be released "in the coming weeks (and) it will surprise people." So patience.
Mozilla also eyeing smartphones running Android. Fennec, its mobile browser in development for Windows Mobile and Maemo will also be brought to the Google phones.
Still, Mozilla has been working for quite some time on Fennec. Also in Gigaom, John Lilly is justified: "We want a universal browser that takes both support Javascript, CSS, Flash, SVG, video and audio. We had to wait until the terminal can handle a browser modern web. It is the browser's most advanced mobile market "pre-t-il.
That promise! ( Mozilla prepares its offensive for Android and iPhone )
Program responsible for the Mozilla Foundation in mobility. Few in this smartphone, especially in terms of browser, the publisher of Firefox has decided to seize the initiative to also get its share of the pie.
Mozilla looks so close to the iPhone. John Lilly, CEO of the foundation has told the webzine Gigaom first application that house would soon be available on the terminals of the apple.
Surprise
The man would not give further details. Is it a browser? This is doubtful as Safari is effective on the smartphone fruit. Others think it would be a tool for synchronizing web-mobile.
In any case, as the CEO, this application will be released "in the coming weeks (and) it will surprise people." So patience.
Mozilla also eyeing smartphones running Android. Fennec, its mobile browser in development for Windows Mobile and Maemo will also be brought to the Google phones.
Still, Mozilla has been working for quite some time on Fennec. Also in Gigaom, John Lilly is justified: "We want a universal browser that takes both support Javascript, CSS, Flash, SVG, video and audio. We had to wait until the terminal can handle a browser modern web. It is the browser's most advanced mobile market "pre-t-il.
That promise! ( Mozilla prepares its offensive for Android and iPhone )
October 25, 2009
BlackBerry Storm 2 landed in SFR from 49 euros
Available November 2 this year, the second touchscreen smartphone from Canada enjoys the latest version of BlackBerry OS.
Formalized a few days ago by RIM, the Storm 2 will be available in France November 2 next. As usual, it's SFR will be the first to market in France.
Regarded by some as a direct competitor to the iPhone with its touch screen (although the two terminals are really in the same court?), The Storm 2 will benefit from an aggressive marketing policy because it will be sold from 49 euros (149 euros less than 100 euros offer repayment) with a dedicated membership.
Predictive
Enough to convince CIOs to remain very cautious vis-à-vis the terminal at the apple. But as the public increasingly fond of the BlackBerry solution, including its instant messenger.
SFR dedicated recommends three packages:
Illimythics-3G + Full Internet: from 42.90 € / month
Pros-Illimythics from 46.90 € / month
-Pro Series Limited Illimythics All Operators from 99.90 € / month
All these offers include unlimited usage in the service of sending and receiving emails (with attachments), Instant Messaging BlackBerry Messenger, surfing and the ability to download and use BlackBerry applications.
Recall that the Storm 2, which includes the design of its predecessor is 3G/3G +. It will have the BlackBerry 5.0 OS, 256 MB of flash memory with 2 GB of internal memory expandable via MicroSD HC, a camera of 3.2 megapixels and a search application with the engine Bing Microsoft.
It obviously offers direct access to shop online applications App World.
But most important is to check the quality of the touch screen (3.25 inches), so maligned in the first Storm. Technology 'touch-clickable' has been improved, we promise the next RIM with more new software for predictive text input. It is also equipped with a WiFi connection (absent on the Storm).
Enough to forget the relative failure of his predecessor? ( BlackBerry Storm 2 landed in SFR from 49 euros )
Formalized a few days ago by RIM, the Storm 2 will be available in France November 2 next. As usual, it's SFR will be the first to market in France.
Regarded by some as a direct competitor to the iPhone with its touch screen (although the two terminals are really in the same court?), The Storm 2 will benefit from an aggressive marketing policy because it will be sold from 49 euros (149 euros less than 100 euros offer repayment) with a dedicated membership.
Enough to convince CIOs to remain very cautious vis-à-vis the terminal at the apple. But as the public increasingly fond of the BlackBerry solution, including its instant messenger.
SFR dedicated recommends three packages:
Illimythics-3G + Full Internet: from 42.90 € / month
Pros-Illimythics from 46.90 € / month
-Pro Series Limited Illimythics All Operators from 99.90 € / month
All these offers include unlimited usage in the service of sending and receiving emails (with attachments), Instant Messaging BlackBerry Messenger, surfing and the ability to download and use BlackBerry applications.
Recall that the Storm 2, which includes the design of its predecessor is 3G/3G +. It will have the BlackBerry 5.0 OS, 256 MB of flash memory with 2 GB of internal memory expandable via MicroSD HC, a camera of 3.2 megapixels and a search application with the engine Bing Microsoft.
It obviously offers direct access to shop online applications App World.
But most important is to check the quality of the touch screen (3.25 inches), so maligned in the first Storm. Technology 'touch-clickable' has been improved, we promise the next RIM with more new software for predictive text input. It is also equipped with a WiFi connection (absent on the Storm).
Enough to forget the relative failure of his predecessor? ( BlackBerry Storm 2 landed in SFR from 49 euros )
Henry Moissinac, Facebook: We put the package on the mobile
The rise of smartphones gives wings to the mobile versions of the famous social network. Within months, the number of users mobile users has tripled. Interview with the Head Mobile Facebook. ( Henry Moissinac, Facebook )
Having conquered the world of the fixed Internet (300 million members), Facebook will now dominate the mobile world. And things are progressing rather well since the number of mobile users using terminals on their social network has grown from 20 to 65 million in 8 months.
A runaway success that is due to several phenomena: the rapid rise of smartphones and the ability of Facebook to adapt and quickly launch dedicated and localized versions around the world and for all OS.
Moissinac Henry, head of the mobile at Facebook (one French, crowing!), Answered questions from BusinessMobile.fr.
-What is the strategy of mobility in Facebook?
We quickly realized that the motive was strategic for us. We have thus launched in 2006 the first mobile version of Facebook from a browser (m.facebook.com) followed in 2007 with a first service notification by SMS (for U.S. markets) and the BlackBerry. The iPhone version arrived in 2008.
We have doubled our resources on this issue, in fact, our ambition is simple: we put the package on the mobile now with a full range of products ranging from mobile site, applications for download (15 million iPhones in the world are equipped with dedicated application) via deep integration with Facebook in the mobile OS market and SMS services.
At the same time, care is taken to locate the possible versions of Facebook based on markets as each country has its specificities. We want to be everywhere and allow people to continue to share even when they are not at their PC.
-Today, Facebook seems essential for both operators and for manufacturers?
Native integration with Facebook in some OS and devices is crucial. This is where we follow today. Thus, Facebook is now very closely linked to the address books of BlackBerry or Windows Mobile.
In seeking a name, we can directly 'facebook' contact, interact with him without going through the application. The function 'Facebook' is now integrated into the menus of terminals in the same way as sending an SMS. From an external service, Facebook started to become a full-fledged feature in smartphones.
Smartphones, but it is for others?
In mature markets, the number of smartphones explodes. Elsewhere, notably in emerging countries, we look at how best to integrate our service. In India, for example where Nokia is arch-leader, so it's our number one priority to find solutions dedicated to them. As the notification by SMS for example.
-The mobile OS market is still very heterogeneous, the sudden a Facebook Android is quite remote from a Facebook iPhone etc. ...
The platforms are indeed very different from each other but we work with everyone, we are open. But this openness can indeed generate delays and differences depending on the OS functions. We must adapt, perform regular updates. But is the price to pay because you can not say this is the one and not another.
These delays, or different versions of these push developers to offer their own tools 'facebook-like'. It is a threat to you?
Not at all. We are very pleased that developers propose things in parallel. In the end, they interact with us and Facebook is who benefits, particularly in terms of traffic, even if it sometimes causes confusion among users. Again, we are open.
"As the fixed number of mobile users explodes. How to monetize this audience?
Advertising is our main source of income but it will not do it again on the mobile because they want something new. It is unnecessary to duplicate the recipes of the fixed Internet on the mobile, it will not work. It is considering innovative proposals.
-Given your weight, are you able to monetize your presence among operators or manufacturers?
No, we consider it a win-win. By being present with them, Facebook opens a huge market. For them, Facebook is offering a loss leader strategy. Everybody wins in this deal. ( Henry Moissinac, Facebook: We put the package on the mobile )
Having conquered the world of the fixed Internet (300 million members), Facebook will now dominate the mobile world. And things are progressing rather well since the number of mobile users using terminals on their social network has grown from 20 to 65 million in 8 months.
Moissinac Henry, head of the mobile at Facebook (one French, crowing!), Answered questions from BusinessMobile.fr.
-What is the strategy of mobility in Facebook?
We quickly realized that the motive was strategic for us. We have thus launched in 2006 the first mobile version of Facebook from a browser (m.facebook.com) followed in 2007 with a first service notification by SMS (for U.S. markets) and the BlackBerry. The iPhone version arrived in 2008.
We have doubled our resources on this issue, in fact, our ambition is simple: we put the package on the mobile now with a full range of products ranging from mobile site, applications for download (15 million iPhones in the world are equipped with dedicated application) via deep integration with Facebook in the mobile OS market and SMS services.
At the same time, care is taken to locate the possible versions of Facebook based on markets as each country has its specificities. We want to be everywhere and allow people to continue to share even when they are not at their PC.
-Today, Facebook seems essential for both operators and for manufacturers?
Native integration with Facebook in some OS and devices is crucial. This is where we follow today. Thus, Facebook is now very closely linked to the address books of BlackBerry or Windows Mobile.
In seeking a name, we can directly 'facebook' contact, interact with him without going through the application. The function 'Facebook' is now integrated into the menus of terminals in the same way as sending an SMS. From an external service, Facebook started to become a full-fledged feature in smartphones.
Smartphones, but it is for others?
In mature markets, the number of smartphones explodes. Elsewhere, notably in emerging countries, we look at how best to integrate our service. In India, for example where Nokia is arch-leader, so it's our number one priority to find solutions dedicated to them. As the notification by SMS for example.
-The mobile OS market is still very heterogeneous, the sudden a Facebook Android is quite remote from a Facebook iPhone etc. ...
The platforms are indeed very different from each other but we work with everyone, we are open. But this openness can indeed generate delays and differences depending on the OS functions. We must adapt, perform regular updates. But is the price to pay because you can not say this is the one and not another.
These delays, or different versions of these push developers to offer their own tools 'facebook-like'. It is a threat to you?
Not at all. We are very pleased that developers propose things in parallel. In the end, they interact with us and Facebook is who benefits, particularly in terms of traffic, even if it sometimes causes confusion among users. Again, we are open.
"As the fixed number of mobile users explodes. How to monetize this audience?
Advertising is our main source of income but it will not do it again on the mobile because they want something new. It is unnecessary to duplicate the recipes of the fixed Internet on the mobile, it will not work. It is considering innovative proposals.
-Given your weight, are you able to monetize your presence among operators or manufacturers?
No, we consider it a win-win. By being present with them, Facebook opens a huge market. For them, Facebook is offering a loss leader strategy. Everybody wins in this deal. ( Henry Moissinac, Facebook: We put the package on the mobile )
Free Google Phone Android Reviews - Functions
The Google Phone has just made its appearance in the United States. Get the details in our thematic Google Android.
We relayed last week's announcement about Google Android, its operating system for mobile phones.
Google, which launches as well as a competitor to Windows operating MobileSystème Microsoft designed for smartphones and PDAs. Windows Mobile comes an evolution of Windows CE PDA specially designed for ..., just presented in more detail its new system on its website. We therefore discover some system functions across an interesting video.
More than just a page, it is a real comprehensive site that Google has launched to present her new baby, AndroidNom the platform smartphones run by Google. Android is a platform designed for smartphones (as well as PDAet from Google ..... It contains a complete overview of the system, but especially a SDKSoftware Development Kit (SDK Software). Toolset allowing outside programmers to develop their own ap ... (Software Development Kit), which allows already to create and launch applications for Android. This SDK will include users wishing to explore Android and its operation before its launch .
But back to the presentation system. In a video posted on YouTube, Sergey Brin, Google co-founder, and Steve Horowitz, an engineer in the company have Android and its capabilities. It suffices for example to type the name of a contact from the host system to initiate the call or find its location on Google Maps from their contact. Discussions on Gtalk are also provided, as well as the browser very aesthetic. But rather than a long speech, here are the images as expected.
Function 1: Display mode
With Dual Display - landscape mode and portrait mode to view the menus of all applications, the HTC Magic goes beyond the iPhone, which is limited only to the menus.
A function even more enjoyable than the display change runs (almost) instantly through the accelerometer.
Function 2: mechanical keys
HTC has retained the habit with the Diamond. These are valuable mechanical buttons for navigation. Special mention to TrackBall, like that of the Blackberry Pearl which facilitates the use of menus.
Function 3: contextual menus
The HTC Magic pushed further flexibility of use, the main advantage of the iPhone so far. Powered by Android, it offers contextual menus that change depending on the application. Each context of use allows access to every time, to sub-menus complementary functions
Function 4: Creating shortcuts
Fast and intuitive, creating a shortcut run by a drag and drop from the application menu on one of three offices operating system.
Most Android: a force feedback validates the transaction, which may be, too, in landscape and portrait.
Function 5: Centralization of information
In one glance you can view transaction information (in progress or completed) terminal via a tray. Practice to anticipate possible slowdowns caused by the phone too many applications or opening too memory intensive.
Function 6: Viewing a web page
With Android, the HTC Magic pushes further the quality of viewing a Web page in full screen: fluency and ease of use for the function zoom in / out. For some, this function can be confusing at first, where the iPhone allows the same functionality but with the finger.
Function 7: Using real multitasking
HTC Android allows the Magic to use up to six applications simultaneously when the iPhone is limited to two. A significant improvement when it comes to smartphone.
Function 8: viewing photos
Fast and intuitive viewing photos is a very successful. Picasa Mobile directly installed on the terminal, editing is possible on the phone.
Function 9: GPS function
Like the iPhone, the HTC Magic has a GPS that uses the latest version of Google Maps via the 3G connection or Wi-Fi It contains the latest software, such as "position", the service "Latitude", "Streetview" and traffic information.
Function 10: Android Market
It is the indispensable service users Android smartphones, popularized by the App Store business model that all vendors are striving to regain their account (whether RIM or Microsoft, for example). [ Free Google Phone Android Reviews - Functions ]
We relayed last week's announcement about Google Android, its operating system for mobile phones.
Google, which launches as well as a competitor to Windows operating MobileSystème Microsoft designed for smartphones and PDAs. Windows Mobile comes an evolution of Windows CE PDA specially designed for ..., just presented in more detail its new system on its website. We therefore discover some system functions across an interesting video.
But back to the presentation system. In a video posted on YouTube, Sergey Brin, Google co-founder, and Steve Horowitz, an engineer in the company have Android and its capabilities. It suffices for example to type the name of a contact from the host system to initiate the call or find its location on Google Maps from their contact. Discussions on Gtalk are also provided, as well as the browser very aesthetic. But rather than a long speech, here are the images as expected.
10 functions of the Google Phone which can shade the iPhone
Function 1: Display mode
With Dual Display - landscape mode and portrait mode to view the menus of all applications, the HTC Magic goes beyond the iPhone, which is limited only to the menus.
A function even more enjoyable than the display change runs (almost) instantly through the accelerometer.
HTC has retained the habit with the Diamond. These are valuable mechanical buttons for navigation. Special mention to TrackBall, like that of the Blackberry Pearl which facilitates the use of menus.
Function 3: contextual menus
The HTC Magic pushed further flexibility of use, the main advantage of the iPhone so far. Powered by Android, it offers contextual menus that change depending on the application. Each context of use allows access to every time, to sub-menus complementary functions
Function 4: Creating shortcuts
Fast and intuitive, creating a shortcut run by a drag and drop from the application menu on one of three offices operating system.
Most Android: a force feedback validates the transaction, which may be, too, in landscape and portrait.
Function 5: Centralization of information
In one glance you can view transaction information (in progress or completed) terminal via a tray. Practice to anticipate possible slowdowns caused by the phone too many applications or opening too memory intensive.
Function 6: Viewing a web page
With Android, the HTC Magic pushes further the quality of viewing a Web page in full screen: fluency and ease of use for the function zoom in / out. For some, this function can be confusing at first, where the iPhone allows the same functionality but with the finger.
Function 7: Using real multitasking
HTC Android allows the Magic to use up to six applications simultaneously when the iPhone is limited to two. A significant improvement when it comes to smartphone.
Fast and intuitive viewing photos is a very successful. Picasa Mobile directly installed on the terminal, editing is possible on the phone.
Function 9: GPS function
Like the iPhone, the HTC Magic has a GPS that uses the latest version of Google Maps via the 3G connection or Wi-Fi It contains the latest software, such as "position", the service "Latitude", "Streetview" and traffic information.
Function 10: Android Market
It is the indispensable service users Android smartphones, popularized by the App Store business model that all vendors are striving to regain their account (whether RIM or Microsoft, for example). [ Free Google Phone Android Reviews - Functions ]
Boeing plunged into the red, still sealed by the Dreamliner and the 747
The aerospace giant Boeing plunged into the difficulties in developing its "Dreamliner" and the 747-8 Freighter he said Wednesday in a loss greater than expected in the third quarter and divided by three of her predictions earnings for 2009.
"The new Boeing worsen from month to month," said Douglas McIntyre at the financial analysis website 24 / 7.
Boeing recorded a loss of $ 1.6 billion in the third quarter related to the difficulties encountered by the production of the 787, better known as the Dreamliner and the new 747-8 Freighter.
The group warned in early October that he would wipe the third quarter an extraordinary charge of one billion dollars due to "increased production costs" and market "difficult" for the new cargo ship, but the loss exceeds expectations Wall Street.
In addition, Boeing expects more than a profit from 1.35 to $ 1.55 per share for the full year against 4.7 to $ 5 previously developed. A reduction in "breathtaking" for Douglas McIntyre.
"Our programs of commercial aviation and defense continues to face a difficult environment," explained CEO Jim McNerney, in an analysts' conference.
He acknowledged that the repeated delays had caused "some cancellations of orders", without giving a figure, and that his group would "do better".
Since the 2004 launch of the program's long-haul medium capacity "Dreamliner," Boeing accumulated delays and industrial problems.
At the conference, Jim McNerney conceded that his group had underestimated the complexity of production including first novel composite materials and exploded over forty suppliers worldwide.
The 787 has to compete with the A350, a future long-haul new generation of European aircraft manufacturer Airbus, also sealed by the delays and difficulties.
The new freighter aircraft B747-8, longer than 5 meters as its predecessor with a capacity greater than 16%, it is intended to replace the aging of the 747 range to compete for the new Airbus A380.
Boeing said the Dreamliner's first flight was still scheduled for late 2009 and its first delivery in Q4 2010.
It also claims a backlog that is "nearly five times the annual turnover of? Company at 320 billion dollars."
But for Douglas McIntyre, the record of the management team is indefensible.
"The board of directors of Boeing should ask Jim McNerney to leave his post as CEO," said the analyst. "The shareholders have paid too dearly for the folly of McNerney. For two years, the share of Boeing fell 43%.
"It has already led to the exit door the boss of the branch of commercial aviation and has nobody to whom to blame" for the difficulties the 787 and 747.
In late August, the manufacturer announced a takeover of its department of civil aviation through the head of the defense industry.
Asked about the remarks of the analyst, Mr. McNerney said that Boeing's entire leadership "shared responsibility" for the delays but it was also "to share the fruits of success" of the 787 after its successful launch.
Questioned further about what the boss of EADS Louis Welsh, who had complained Tuesday that Boeing has the price of tanker aircraft that offers the Air Force U.S. while EADS has not hand the price of the aircraft from Boeing, Mr. McNerney has booted into touch.
"I do not know what they're talking," he said.
The action of Boeing fell by 1.48% to 51.12 dollars at 1630 GMT in a market up slightly. ( Boeing plunged into the red, still sealed by the Dreamliner and the 747 )
"The new Boeing worsen from month to month," said Douglas McIntyre at the financial analysis website 24 / 7.
Boeing recorded a loss of $ 1.6 billion in the third quarter related to the difficulties encountered by the production of the 787, better known as the Dreamliner and the new 747-8 Freighter.
The group warned in early October that he would wipe the third quarter an extraordinary charge of one billion dollars due to "increased production costs" and market "difficult" for the new cargo ship, but the loss exceeds expectations Wall Street.
In addition, Boeing expects more than a profit from 1.35 to $ 1.55 per share for the full year against 4.7 to $ 5 previously developed. A reduction in "breathtaking" for Douglas McIntyre.
"Our programs of commercial aviation and defense continues to face a difficult environment," explained CEO Jim McNerney, in an analysts' conference.
He acknowledged that the repeated delays had caused "some cancellations of orders", without giving a figure, and that his group would "do better".
Since the 2004 launch of the program's long-haul medium capacity "Dreamliner," Boeing accumulated delays and industrial problems.
At the conference, Jim McNerney conceded that his group had underestimated the complexity of production including first novel composite materials and exploded over forty suppliers worldwide.
The 787 has to compete with the A350, a future long-haul new generation of European aircraft manufacturer Airbus, also sealed by the delays and difficulties.
The new freighter aircraft B747-8, longer than 5 meters as its predecessor with a capacity greater than 16%, it is intended to replace the aging of the 747 range to compete for the new Airbus A380.
Boeing said the Dreamliner's first flight was still scheduled for late 2009 and its first delivery in Q4 2010.
It also claims a backlog that is "nearly five times the annual turnover of? Company at 320 billion dollars."
But for Douglas McIntyre, the record of the management team is indefensible.
"The board of directors of Boeing should ask Jim McNerney to leave his post as CEO," said the analyst. "The shareholders have paid too dearly for the folly of McNerney. For two years, the share of Boeing fell 43%.
"It has already led to the exit door the boss of the branch of commercial aviation and has nobody to whom to blame" for the difficulties the 787 and 747.
In late August, the manufacturer announced a takeover of its department of civil aviation through the head of the defense industry.
Asked about the remarks of the analyst, Mr. McNerney said that Boeing's entire leadership "shared responsibility" for the delays but it was also "to share the fruits of success" of the 787 after its successful launch.
Questioned further about what the boss of EADS Louis Welsh, who had complained Tuesday that Boeing has the price of tanker aircraft that offers the Air Force U.S. while EADS has not hand the price of the aircraft from Boeing, Mr. McNerney has booted into touch.
"I do not know what they're talking," he said.
The action of Boeing fell by 1.48% to 51.12 dollars at 1630 GMT in a market up slightly. ( Boeing plunged into the red, still sealed by the Dreamliner and the 747 )
October 21, 2009
Amgen: Quarterly profit growth, annual targets enhanced
Amgen, the California leader in biotechnology, has published its accounts for the third quarter of 2009. Over the period, the company posted net earnings of $ 1.39 billion or $ 1.36 per share, against a profit of 1.12 billion or $ 1.05 per share in Q3 08. Excluding items, adjusted EPS stood at $ 1.49 against $ 1.23 a year earlier. Turnover fell by 2% to $ 3.81 billion. The consensus is for EPS of $ 1.26 on revenues of $ 3.78 billion. The management has also revised upwards its annual objectives, now expects EPS between $ 4.9 and $ 5.05 against a previous range of between $ 4.8 and $ 4.95 ( Amgen: Quarterly profit growth, annual targets enhanced )
Continental Airlines reduced its losses substantially to 18 million USD
U.S. airline Continental Airlines has sharply reduced its losses in the third quarter, to $ 18 million, despite a drop in sales, according to a statement released Wednesday.
The group had recorded a deficit of $ 230 million a year ago. It is also better than the second quarter (loss of 213 million) when he announced the elimination of 1,700 jobs, slightly less than 4% of its global workforce.
Reported per share loss was 14 cents in the third quarter. Excluding items, the company recorded a slight profit of 2 cents, better than expected by analysts (loss of 6 cents).
Its sales fell by 20.2% to 3.317 billion dollars, in line with market expectations (3.32 billion).
CEO Larry Kellner, who confirmed the group leave in early 2010 after eight years at the helm, held during a conference call the results "disappointing" in terms of profitability.
Mr. Kellner pointed in particular to net income of $ 2 million recorded this quarter, excluding a special charge of $ 20 million.
"We must become profitable and we employ them," he said, adding having made "progress in reducing costs," since "the weak global economy."
Sales have continued to be affected by the decline "in business class, the most profitable, while business travel less or economy class because of the recession," commented the group.
Continental Airlines, however, managed to generate a positive operating result to 61 million, against a loss of 152 million a year earlier.
The turnaround comes mainly from an economy of 926 million dollars in fuel expenses, which offset declining sales.
By sector, sales in the transportation of passengers has shrunk from 21.6% to 2.947 billion dollars.
The fall is severe income transatlantic routes (-29.2%), Latin America (-22.4%) and domestic (-20.5%). Only the Pacific limit case (-9.5%).
Sales in the freight (2.8% of sales) for they have lost 28.7% to 92 million.
Concerning the coming months, the CEO acknowledged that "depending on the economic recovery," noting that ordinarily "the client business is resumed before the tourists".
"I can not make a prognosis for recovery," he said. "The situation does not worsen and improvement will be slow.
Continental Airlines has confirmed that October 27 would join the Star Alliance grouping of which are part of other United Airlines and Lufthansa.
Action Continental Airlines lost 4.21% to 15.25 dollars on Wall Street to 15H40 GMT, in a market up 0.44%. ( Continental Airlines reduced its losses substantially to 18 million USD )
The group had recorded a deficit of $ 230 million a year ago. It is also better than the second quarter (loss of 213 million) when he announced the elimination of 1,700 jobs, slightly less than 4% of its global workforce.
Reported per share loss was 14 cents in the third quarter. Excluding items, the company recorded a slight profit of 2 cents, better than expected by analysts (loss of 6 cents).
Its sales fell by 20.2% to 3.317 billion dollars, in line with market expectations (3.32 billion).
CEO Larry Kellner, who confirmed the group leave in early 2010 after eight years at the helm, held during a conference call the results "disappointing" in terms of profitability.
Mr. Kellner pointed in particular to net income of $ 2 million recorded this quarter, excluding a special charge of $ 20 million.
"We must become profitable and we employ them," he said, adding having made "progress in reducing costs," since "the weak global economy."
Sales have continued to be affected by the decline "in business class, the most profitable, while business travel less or economy class because of the recession," commented the group.
Continental Airlines, however, managed to generate a positive operating result to 61 million, against a loss of 152 million a year earlier.
The turnaround comes mainly from an economy of 926 million dollars in fuel expenses, which offset declining sales.
By sector, sales in the transportation of passengers has shrunk from 21.6% to 2.947 billion dollars.
The fall is severe income transatlantic routes (-29.2%), Latin America (-22.4%) and domestic (-20.5%). Only the Pacific limit case (-9.5%).
Sales in the freight (2.8% of sales) for they have lost 28.7% to 92 million.
Concerning the coming months, the CEO acknowledged that "depending on the economic recovery," noting that ordinarily "the client business is resumed before the tourists".
"I can not make a prognosis for recovery," he said. "The situation does not worsen and improvement will be slow.
Continental Airlines has confirmed that October 27 would join the Star Alliance grouping of which are part of other United Airlines and Lufthansa.
Action Continental Airlines lost 4.21% to 15.25 dollars on Wall Street to 15H40 GMT, in a market up 0.44%. ( Continental Airlines reduced its losses substantially to 18 million USD )
U.S. bank Morgan Stanley has found the path to profitability
Morgan Stanley has found the path to profitability after three quarters of losses through the vigor of its investment banking operations.
The Bank of New York has announced Wednesday it posted a net profit attributable to ordinary shareholders of U.S. $ 498 million, or 38 cents per share, in the third quarter.
This compares to net income attributable to common shareholders of U.S. $ 7.68 billion, or $ 7.38 per share, reported a year ago.
During the three previous quarters, the bank had posted a cumulative loss of 13.18 billion U.S. dollars.
Analysts on average expected earnings of 27 cents per share for the period July to September.
The Morgan Stanley earnings totaled U.S. $ 8.68 billion in the third quarter, a result above the forecast of U.S. $ 7 billion made by analysts. Morgan Stanley had generated revenues of U.S. $ 18.01 billion during the same period a year ago, a result that was however distorted by an accounting adjustment of $ 9.7 billion U.S.. ( U.S. bank Morgan Stanley has found the path to profitability )
The Bank of New York has announced Wednesday it posted a net profit attributable to ordinary shareholders of U.S. $ 498 million, or 38 cents per share, in the third quarter.
This compares to net income attributable to common shareholders of U.S. $ 7.68 billion, or $ 7.38 per share, reported a year ago.
During the three previous quarters, the bank had posted a cumulative loss of 13.18 billion U.S. dollars.
Analysts on average expected earnings of 27 cents per share for the period July to September.
The Morgan Stanley earnings totaled U.S. $ 8.68 billion in the third quarter, a result above the forecast of U.S. $ 7 billion made by analysts. Morgan Stanley had generated revenues of U.S. $ 18.01 billion during the same period a year ago, a result that was however distorted by an accounting adjustment of $ 9.7 billion U.S.. ( U.S. bank Morgan Stanley has found the path to profitability )
Recommendation to purchase Garda
The revised market profile Garda made Monday morning by Desjardins Securities is rather interesting.
The analyst Martin Landry now recommends buying the stock and passed his price target to $ 15. His target was $ 5.50 before this morning.
The evaluation of the analyst is based on three main factors: improvements in equity markets, higher valuations for public companies and a reduced level of risk surrounding Garda.
Martin Landry also highlights two particular elements that have the potential to move the title of the Montreal company short term. The company is well positioned to extract new contracts and to obtain more favorable terms to refinance its debt.
In releasing its quarterly results last month, the direction of Garda had suggested having better control over costs. The total debt amounted to 494 million by the end of July, up from 586 million in January. There are only a few months, the debt had feared the worst for the company. This shows how much things have changed.
The action of Garda finished last week at $ 10.62 on the Toronto Stock Exchange. For a year, the value of the stock has fluctuated between 57 cents and $ 11. ( Recommendation to purchase Garda )
The analyst Martin Landry now recommends buying the stock and passed his price target to $ 15. His target was $ 5.50 before this morning.
The evaluation of the analyst is based on three main factors: improvements in equity markets, higher valuations for public companies and a reduced level of risk surrounding Garda.
Martin Landry also highlights two particular elements that have the potential to move the title of the Montreal company short term. The company is well positioned to extract new contracts and to obtain more favorable terms to refinance its debt.
In releasing its quarterly results last month, the direction of Garda had suggested having better control over costs. The total debt amounted to 494 million by the end of July, up from 586 million in January. There are only a few months, the debt had feared the worst for the company. This shows how much things have changed.
The action of Garda finished last week at $ 10.62 on the Toronto Stock Exchange. For a year, the value of the stock has fluctuated between 57 cents and $ 11. ( Recommendation to purchase Garda )
October 19, 2009
Meredith Whitney discount Goldman Sachs
Given the recent surge of the title, this is not very surprising. It was only by his recommendation cons of buying in the financial sector. Meredith Whitney recommended buying shares of Goldman Sachs since July 13.
The title has appreciated by about 35% since that time and shows an increase of over 120% this year.
The analyst Meredith Whitney has delist Goldman Sachs to "hold".
The timing of Ms. Whitney is still interesting. Goldman Sachs will release its third quarter results Thursday and Wall Street seems to expect brilliant results.
And Wall Street has indeed every reason to believe that the results are very good.
First, stock markets have continued to rise in the third quarter. Second, Goldman Sachs has much less competition since the demise of Lehman Brothers and Bear Stearns. And thirdly, the bank executives have the gift to surprise with the amount of profits and incomes as well as how they go about generating them.
The management of Goldman Sachs, however, must be a little more modest in the remuneration of its employees in order not to alienate too much public opposition to the bank.
Meredith Whitney had helped to give confidence to the market three months ago by publishing his buy recommendation on Goldman Sachs in the early round of the disclosure of financial results for the second quarter. The full report of its analysis, Goldman Sachs published in July is available by clicking here.
This discount Goldman Sachs comes just days after the publication of a report rather pessimistic about the U.S. banking sector by analyst Heather Wolf, the firm UBS. ( Meredith Whitney discount Goldman Sachs )
The title has appreciated by about 35% since that time and shows an increase of over 120% this year.
The analyst Meredith Whitney has delist Goldman Sachs to "hold".
The timing of Ms. Whitney is still interesting. Goldman Sachs will release its third quarter results Thursday and Wall Street seems to expect brilliant results.
First, stock markets have continued to rise in the third quarter. Second, Goldman Sachs has much less competition since the demise of Lehman Brothers and Bear Stearns. And thirdly, the bank executives have the gift to surprise with the amount of profits and incomes as well as how they go about generating them.
The management of Goldman Sachs, however, must be a little more modest in the remuneration of its employees in order not to alienate too much public opposition to the bank.
Meredith Whitney had helped to give confidence to the market three months ago by publishing his buy recommendation on Goldman Sachs in the early round of the disclosure of financial results for the second quarter. The full report of its analysis, Goldman Sachs published in July is available by clicking here.
This discount Goldman Sachs comes just days after the publication of a report rather pessimistic about the U.S. banking sector by analyst Heather Wolf, the firm UBS. ( Meredith Whitney discount Goldman Sachs )
October 13, 2009
A banquet, but not any
"The stock market has outpaced the economy so that it became difficult to invest. It'sa bit like going to a banquet where there is a buffet and everyone eats the same food if you know it could be damaged. That does not everybody have fun anyway, "said Art Cashin Monday in response to a question concerning the current situation on the markets. Art Cashin is responsible for the firm UBS on the floor of the NYSE. ( A banquet, but not any )
IMF: rising dollar reserves of the oil countries of the Middle East in 2010
Where is the wolf speaks again ... While the single currency of the oil rich Gulf countries soon to emerge, and that rumors about the abandonment of the dollar in oil trading is rife, the International Monetary Fund (IMF) has said - just in time ... . Sunday - the oil exporting countries of the Middle East and North Africa should increase their foreign exchange reserves abroad more than 100 billion dollars in 2010.
Operations that promote the evolution of current crude prices.
"With the rise in crude prices and the expected rebound in global demand, oil revenues should increase and allow for growth of their international reserves of over 100 billion dollars in 2010, and the IMF said in a report entitled "Regional Economic Outlook".
Operations that promote the evolution of current crude prices.
"With the rise in crude prices and the expected rebound in global demand, oil revenues should increase and allow for growth of their international reserves of over 100 billion dollars in 2010, and the IMF said in a report entitled "Regional Economic Outlook".
October 12, 2009
Jean Coutu Rite Aid reduced to zero
Jean Coutu has finished breaking the head with Rite Aid. The pharmacist Quebec announced Tuesday morning to have reduced the carrying value of its investment in Rite Aid to zero.
The equity stake in Rite Aid is preserved, but its value is completely removed in the financial statements.
During the months of June, July and August, the share of loss in Rite Aid included in the results of Jean Coutu amounted to 24 million. This "loss" was however much higher a year ago. She had reached 73 million dollars to the same period last year.
Jean Coutu now cease to see its share of Rite Aid's loss exceeds the book value as Jean Coutu has not guaranteed the obligations of Rite Aid and does not undertake to provide additional financial support to Rite Aid.
Jean Coutu had received an approximate 30% interest in Rite Aid by selling its 858 Brooks and Eckerd drugstores in June 2007. The share of Rite Aid worth $ 6.55 at the NYSE at that time.
The title of Rite Aid has ended Monday's session up 5% to $ 1.48. The title was again appreciated by 5% to the market opening Tuesday. The share of Rite Aid had fallen to 20 cents last winter in exchange. ( Jean Coutu Rite Aid reduced to zero )
The equity stake in Rite Aid is preserved, but its value is completely removed in the financial statements.
During the months of June, July and August, the share of loss in Rite Aid included in the results of Jean Coutu amounted to 24 million. This "loss" was however much higher a year ago. She had reached 73 million dollars to the same period last year.
Jean Coutu now cease to see its share of Rite Aid's loss exceeds the book value as Jean Coutu has not guaranteed the obligations of Rite Aid and does not undertake to provide additional financial support to Rite Aid.
Jean Coutu had received an approximate 30% interest in Rite Aid by selling its 858 Brooks and Eckerd drugstores in June 2007. The share of Rite Aid worth $ 6.55 at the NYSE at that time.
The title of Rite Aid has ended Monday's session up 5% to $ 1.48. The title was again appreciated by 5% to the market opening Tuesday. The share of Rite Aid had fallen to 20 cents last winter in exchange. ( Jean Coutu Rite Aid reduced to zero )
October 7, 2009
Areva and Alstom sentenced
Both groups are accused of having forged a cartel and have just been condemned by Brussels to pay a fine joint of 16.5 million.
Areva and Alstom have to notify Brussels on Wednesday by a fine for "illegal cartel" in the field of processing power. The investigation was initiated in 2008 by the European Commission responsible for Competition. The amount of the fine amounted to 16.5 million euros that the two French groups must pay together.
In 2007, Alstom and Areva had already been found jointly liable for 65 million euros fine (on a total of 750 million imposed on the nine companies accused of Understanding). As in 2007, the former Alstom subsidiary called Transmission and Distribution, now part of Areva, is part of the cartel. Two years ago, Areva had complained of not having been informed by Alstom risk when the cartel had bought T & D. A scenario that could happen, while Areva is preparing to turn to divest its subsidiary. ( Areva and Alstom sentenced )
Areva and Alstom have to notify Brussels on Wednesday by a fine for "illegal cartel" in the field of processing power. The investigation was initiated in 2008 by the European Commission responsible for Competition. The amount of the fine amounted to 16.5 million euros that the two French groups must pay together.
In 2007, Alstom and Areva had already been found jointly liable for 65 million euros fine (on a total of 750 million imposed on the nine companies accused of Understanding). As in 2007, the former Alstom subsidiary called Transmission and Distribution, now part of Areva, is part of the cartel. Two years ago, Areva had complained of not having been informed by Alstom risk when the cartel had bought T & D. A scenario that could happen, while Areva is preparing to turn to divest its subsidiary. ( Areva and Alstom sentenced )
Costco: lower results in the 4th quarter 08-09
Costco Wholesale (NASDAQ: COST) reported its fourth quarter of 2008-2009 (ending August 30) a net profit of 374 million dollars, down from 398 million for the same period in 2007-2008. Based on the number of shares, earnings per distributor warehouses fell from 90 to 85 cents.
The group said that its results have been encumbered by various factors, including the strengthening of the dollar vis-a-vis other currencies, the sluggish sales in the United States because of the recession and increased welfare spending social workers.
Quarterly revenues of Costco declined 3% to 21.89 billion dollars. A store, they were down 5% -6% with the United States and -3% abroad.
The store sales in the U.S. have declined only 1% excluding gasoline and sales abroad would have increased 7% excluding currency effects.
On the whole financial year 2008-2009, the group achieved a net profit of 1.09 billion dollars (2.47 dollars per share) for a turnover of 69.89 billion, down 4 %.
Costco operates 560 warehouses in the United States, including 407 in the United States, 77 in Canada and 32 in Mexico.
Costco Wholesale: Pressure on profits
Costco Wholesale (NASDAQ: COST), the U.S. distributor of Issaquah, Washington, has announced its 4th quarter fiscal 2009 ended in late August in net income falling 6% to $ 374 million and 85 cents a share, against 398 million and 90 cents per share last year over the same period. Consolidated sales declined 3.1% yoy, with a performance at stores constant negative 5% (-6% to -3% U.S. and internationally). In September this time, Costco shows positive growth of 1% in stores with a constant increase of 6% internationally, while the U.S. remains negative performance of -1%.
Alongside its results for the year ended August 30, Costco Wholesale is a point event for the month of September (closed October 4), which showed a quasi-stable (1%) of sales comparable basis compared to the same month in 2008.
In published data, the warehouse distributor realized a monthly turnover of 6.85 billion, up 3% year.
The limited increase in comparable store sales reflects a decrease of 1% in the U.S., offset by an increase of 6% abroad.
Excluding gasoline prices, the comparable net sales for Costco Wholesale in the United States rose 3%. The comparable incomes abroad have been sealed by an effect of exchange without which they would have increased 9%. ( Costco: lower results in the 4th quarter 08-09 )
The group said that its results have been encumbered by various factors, including the strengthening of the dollar vis-a-vis other currencies, the sluggish sales in the United States because of the recession and increased welfare spending social workers.
Quarterly revenues of Costco declined 3% to 21.89 billion dollars. A store, they were down 5% -6% with the United States and -3% abroad.
The store sales in the U.S. have declined only 1% excluding gasoline and sales abroad would have increased 7% excluding currency effects.
On the whole financial year 2008-2009, the group achieved a net profit of 1.09 billion dollars (2.47 dollars per share) for a turnover of 69.89 billion, down 4 %.
Costco operates 560 warehouses in the United States, including 407 in the United States, 77 in Canada and 32 in Mexico.
Costco Wholesale: Pressure on profits
Costco Wholesale (NASDAQ: COST), the U.S. distributor of Issaquah, Washington, has announced its 4th quarter fiscal 2009 ended in late August in net income falling 6% to $ 374 million and 85 cents a share, against 398 million and 90 cents per share last year over the same period. Consolidated sales declined 3.1% yoy, with a performance at stores constant negative 5% (-6% to -3% U.S. and internationally). In September this time, Costco shows positive growth of 1% in stores with a constant increase of 6% internationally, while the U.S. remains negative performance of -1%.
Costco: quasi-stability comparable sales in September
Alongside its results for the year ended August 30, Costco Wholesale is a point event for the month of September (closed October 4), which showed a quasi-stable (1%) of sales comparable basis compared to the same month in 2008.
In published data, the warehouse distributor realized a monthly turnover of 6.85 billion, up 3% year.
The limited increase in comparable store sales reflects a decrease of 1% in the U.S., offset by an increase of 6% abroad.
Excluding gasoline prices, the comparable net sales for Costco Wholesale in the United States rose 3%. The comparable incomes abroad have been sealed by an effect of exchange without which they would have increased 9%. ( Costco: lower results in the 4th quarter 08-09 )
To hell with the risk
Investors were not afraid of risk during the first session of the week and have furthered the North American indexes than 1% Monday.
The weekend will have enough to forget the disappointing update, Friday, the job market in the United States.
Several factors may be suggested to explain the increase recorded Monday. Some investors may have perceived bargains following the retreat of the last two weeks.
The weak U.S. dollar has certainly played Monday for resources and securities sector resources.
The weekend will have enough to forget the disappointing update, Friday, the job market in the United States.
Several factors may be suggested to explain the increase recorded Monday. Some investors may have perceived bargains following the retreat of the last two weeks.
The weak U.S. dollar has certainly played Monday for resources and securities sector resources.
October 6, 2009
Goldman Sachs did recover one billion dollars in bankruptcy CIT
One billion dollars. This is the amount that Goldman Sachs would recover in case of bankruptcy of CIT Group, the Financial Times, citing sources familiar with the matter. The U.S. bank was granted June 6, 2008, a loan of 3 billion dollars to the credit institution for small and medium enterprises. It might not be able to recover 2 billion owed to him. An amount slightly less than the loss incurred by a bankruptcy for the U.S. Treasury. The latter had come to the aid of CIT Group in fall 2008, acquiring 2.3 billion of capital.
Without rejecting a possible bankruptcy, CIT announced Thursday a new operation to restructure its debt. Many analysts believe that a plan of debt restructuring should not resolve the difficulties the group is obliged to finance its activities to very high rates. ( Goldman Sachs did recover one billion dollars in bankruptcy CIT )
Without rejecting a possible bankruptcy, CIT announced Thursday a new operation to restructure its debt. Many analysts believe that a plan of debt restructuring should not resolve the difficulties the group is obliged to finance its activities to very high rates. ( Goldman Sachs did recover one billion dollars in bankruptcy CIT )
Goldman Sachs recover 1 billion $ in bankruptcy CIT
The bank had lent U.S. $ 3 billion to establish credit in June 2008.
The Goldman Sachs recover one billion dollars in case of bankruptcy of financial services group American CIT Group, the Financial Times.
This amount would be due to Goldman Sachs under the terms of a loan assistance of $ 3 billion that it had granted to CIT in June 2008, some months before the U.S. Treasury will come to the aid of the latter.
However, the newspaper said, the Treasury, who had made 2.3 billion dollars to the institution in the fall of 2008, would lose its entry into bankruptcy.
The Goldman Sachs recover one billion dollars in case of bankruptcy of financial services group American CIT Group, the Financial Times.
This amount would be due to Goldman Sachs under the terms of a loan assistance of $ 3 billion that it had granted to CIT in June 2008, some months before the U.S. Treasury will come to the aid of the latter.
However, the newspaper said, the Treasury, who had made 2.3 billion dollars to the institution in the fall of 2008, would lose its entry into bankruptcy.
BHP Billiton Hires Executive To Head Europe, Asia Coal Trading
Bank of America Merrill Lynch said Tuesday it has appointed Sander Press as managing director and head of coal trading for Europe and Asia.
Press comes from BHP Billiton, where he was responsible for all coal energy positions globally, including price risk management and trading, the company said in a statement.
He is expected to join the company towards the end of December, it added. ( BHP Billiton Hires Executive To Head Europe, Asia Coal Trading )
Press comes from BHP Billiton, where he was responsible for all coal energy positions globally, including price risk management and trading, the company said in a statement.
He is expected to join the company towards the end of December, it added. ( BHP Billiton Hires Executive To Head Europe, Asia Coal Trading )
Finisar Announces New Credit Facility With Wells Fargo Foothill
Finisar Corporation (NASDAQ: FNSRD), has technology leader in gigabit fiber optic solutions for high-speed data networks, today announced that it Had entered into an agreement with Wells Fargo Foothill, a leading provider of senior secured financing and part of Wells Fargo & Company (NYSE: WFC), to Establish a new senior secured revolving credit facility to finance working capital and to refinance
existing indebtedness, including the repurchase of a portion of the Company's outstanding convertible notes due October 2010.
The new credit facility provides for a $ 70 million revolving line of credit and includes a $ 10 million letter of credit sub-facility. Borrowings under the credit facility will bear interest at rates based on the prime rate and LIBOR plus variable margins, under Which applicable interest rates currently range from 5.75% to 6.25% per annum. Borrowings will be guaranteed by Finisar's U.S. subsidiaries and secured by substantially all of the assets of Finisar and its U.S. subsidiaries. The credit facility mature four years following the closing date, subject to certain conditions.
The Company's ability to borrow under the credit facility is tied to the balance of its qualified accounts receivable and certain assets located in the United States. The credit facility also contains both affirmative and negative covenants, including covenants Requiring Finisar to Maintain a specified fixed charge coverage ratio.
The credit facility remains subject to various closing conditions. These conditions are expected to be satisfied, and the closing is expected to take place by the end of October 2009. Once in place, the new credit facility will replace Finisar's existing $ 45 million credit facility with another bank. ( Finisar Announces New Credit Facility With Wells Fargo Foothill )
existing indebtedness, including the repurchase of a portion of the Company's outstanding convertible notes due October 2010.
The new credit facility provides for a $ 70 million revolving line of credit and includes a $ 10 million letter of credit sub-facility. Borrowings under the credit facility will bear interest at rates based on the prime rate and LIBOR plus variable margins, under Which applicable interest rates currently range from 5.75% to 6.25% per annum. Borrowings will be guaranteed by Finisar's U.S. subsidiaries and secured by substantially all of the assets of Finisar and its U.S. subsidiaries. The credit facility mature four years following the closing date, subject to certain conditions.
The Company's ability to borrow under the credit facility is tied to the balance of its qualified accounts receivable and certain assets located in the United States. The credit facility also contains both affirmative and negative covenants, including covenants Requiring Finisar to Maintain a specified fixed charge coverage ratio.
The credit facility remains subject to various closing conditions. These conditions are expected to be satisfied, and the closing is expected to take place by the end of October 2009. Once in place, the new credit facility will replace Finisar's existing $ 45 million credit facility with another bank. ( Finisar Announces New Credit Facility With Wells Fargo Foothill )
October 5, 2009
Krugman has a bad FEELING
Paul Krugman was visiting Ontario during the weekend. He participated in Waterloo Saturday at an event organized by the Center for Innovation in International Governance.
The economist, columnist and professor at Princeton University wondered where economic growth will come a time that governments have closed the tap. He claims to have a bad "feeling" about the recovery. He said the government should consider further stimulate the economy rather than wondering how to reduce its involvement.
To overcome the crisis, he said, we need a significant demand. Krugman believes that this request should be created by companies. "We need to invent the equivalent of railways or the Internet to bring this request we need to revive the economy." ( Krugman has a bad FEELING )
The economist, columnist and professor at Princeton University wondered where economic growth will come a time that governments have closed the tap. He claims to have a bad "feeling" about the recovery. He said the government should consider further stimulate the economy rather than wondering how to reduce its involvement.
To overcome the crisis, he said, we need a significant demand. Krugman believes that this request should be created by companies. "We need to invent the equivalent of railways or the Internet to bring this request we need to revive the economy." ( Krugman has a bad FEELING )
Goldman Sachs recommends banks
There is always some discomfort to see a big bank like his analysis.
A smell of conflict of interest or impartiality is always in the air. However, Goldman Sachs today revised upward its assessment of several major U.S. banks.
The analyst Richard Ramsden increased its recommendation from "neutral" to "attractive" for Wells Fargo, JPMorgan Chase and Bank of America. Richard Ramsden said that the current stock prices of these banks do not reflect the potential earnings growth.
These three banks have made major acquisitions during the crisis. Wells Fargo has swallowed Wachovia. JPMorgan bought Bear Stearns and Washington Mutual. Bank of America bought Merrill Lynch.
All banks purchased (Wachovia, Bear Stearns, Merrill Lynch and WaMu) had big problems.
In late morning at the New York Stock Exchange, the share of Wells Fargo was up 5%, that of JP Morgan gained 3% and Bank of America advanced by 2%. ( Goldman Sachs recommends banks )
A smell of conflict of interest or impartiality is always in the air. However, Goldman Sachs today revised upward its assessment of several major U.S. banks.
The analyst Richard Ramsden increased its recommendation from "neutral" to "attractive" for Wells Fargo, JPMorgan Chase and Bank of America. Richard Ramsden said that the current stock prices of these banks do not reflect the potential earnings growth.
These three banks have made major acquisitions during the crisis. Wells Fargo has swallowed Wachovia. JPMorgan bought Bear Stearns and Washington Mutual. Bank of America bought Merrill Lynch.
All banks purchased (Wachovia, Bear Stearns, Merrill Lynch and WaMu) had big problems.
In late morning at the New York Stock Exchange, the share of Wells Fargo was up 5%, that of JP Morgan gained 3% and Bank of America advanced by 2%. ( Goldman Sachs recommends banks )
US Banks : Goldman Sachs is more neutral on the sector
Goldman Sachs (NYSE: GS) today has revised upward its recommendations on major U.S. banking group, based on improving the upside potential of their performance against banks to smaller sizes. The broker passes and an opinion "neutral" on the sector to "attractive".
Regarding the case Wells Fargo, Goldman Sachs advised buying now, and advocates to be "neutral" on Comerica (NYSE: CMA - news). Capital One Financial (NYSE: COF - News) is found for this part, built his famous list "Conviction Buy", as JP Morgan Chase and Bank of America (NYSE: ikj - news).
According to the analyst, the market has failed to recognize the improvement of upside potential outcome of these banking groups in relation to regional facilities. He estimates that this potential is not reflected yet in the share price.
On the Well Fargo case, the broker raises its board based on improving the group's capital position and future benefits it will derive from the acquisition of Wachovia (NYSE: WB), purchased an undervalue. ( US Banks : Goldman Sachs is more neutral on the sector )
Regarding the case Wells Fargo, Goldman Sachs advised buying now, and advocates to be "neutral" on Comerica (NYSE: CMA - news). Capital One Financial (NYSE: COF - News) is found for this part, built his famous list "Conviction Buy", as JP Morgan Chase and Bank of America (NYSE: ikj - news).
According to the analyst, the market has failed to recognize the improvement of upside potential outcome of these banking groups in relation to regional facilities. He estimates that this potential is not reflected yet in the share price.
On the Well Fargo case, the broker raises its board based on improving the group's capital position and future benefits it will derive from the acquisition of Wachovia (NYSE: WB), purchased an undervalue. ( US Banks : Goldman Sachs is more neutral on the sector )
Solvay: Expecting a return on media
SYNTHESIS
The MACD is positive but below its signal line. The dynamic current is interrupted. Where the MACD becomes negative, the decline in current could continue. The value of the RSI is below 50: This confirms the low prices. The stochastic is very low and not an incentive to favor a correction. Trading volumes are higher than average volumes over the last 10 days.
MOVEMENTS AND LEVELS
The upward trend appears to be arrested. The title is in its moving average 50 days located at 71.84 euros. The first support is EUR 65.03, then 63.07 EUR and the resistance is EUR 76.75, then 80.65 euros. ( Solvay: Expecting a return on media )
The MACD is positive but below its signal line. The dynamic current is interrupted. Where the MACD becomes negative, the decline in current could continue. The value of the RSI is below 50: This confirms the low prices. The stochastic is very low and not an incentive to favor a correction. Trading volumes are higher than average volumes over the last 10 days.
MOVEMENTS AND LEVELS
The upward trend appears to be arrested. The title is in its moving average 50 days located at 71.84 euros. The first support is EUR 65.03, then 63.07 EUR and the resistance is EUR 76.75, then 80.65 euros. ( Solvay: Expecting a return on media )
October 2, 2009
Cisco stumbles after a purchase of $ 3 billion U.S.
Cisco acquired in a friendly manner the Norwegian Tandberg, specializes in video communications for about 3 billion U.S. dollars. A gamble that has stumbled under its stock market ...
The purpose of this transaction is to provide services "collaborative" to Cisco's customers, namely new possibilities to communicate by video companies.
"Collaboration - an activity that uses the networks Web 2.0 - is a market of 34 billion U.S. dollars and is growing rapidly," said John Chambers, CEO of Cisco.
Thus, Cisco will launch a tender offer in cash to purchase all outstanding shares in Tandberg to 153.5 Norwegian crowns per share for an aggregate purchase price of 3 billion U.S. dollars. This represents a premium of 11% over the closing price of yesterday's action Tandberg, and a 25% premium over the weighted average closing price of the action on all three months. The proposal was unanimously recommended by the Board of Directors of Tandberg.
Upon announcement of the transaction, as Cisco has started falling. By early afternoon, it lost 1.74% to 23.13 U.S. dollars on Wall Street. ( Cisco stumbles after a purchase of $ 3 billion U.S. )
The purpose of this transaction is to provide services "collaborative" to Cisco's customers, namely new possibilities to communicate by video companies.
"Collaboration - an activity that uses the networks Web 2.0 - is a market of 34 billion U.S. dollars and is growing rapidly," said John Chambers, CEO of Cisco.
Thus, Cisco will launch a tender offer in cash to purchase all outstanding shares in Tandberg to 153.5 Norwegian crowns per share for an aggregate purchase price of 3 billion U.S. dollars. This represents a premium of 11% over the closing price of yesterday's action Tandberg, and a 25% premium over the weighted average closing price of the action on all three months. The proposal was unanimously recommended by the Board of Directors of Tandberg.
Upon announcement of the transaction, as Cisco has started falling. By early afternoon, it lost 1.74% to 23.13 U.S. dollars on Wall Street. ( Cisco stumbles after a purchase of $ 3 billion U.S. )
Xstrata ordered to submit a formal bid on Anglo-American
UK regulators have ordered Xstrata to make a formal takeover offer for rival Anglo-American before October 20, otherwise it will be declined.
Anglo-American has already rejected in June an initial offer of "merger of equals" and a number of its shareholders have argued that such a reconciliation can not succeed if Xstrata does not offer any premium.
"Xstrata must, by October 20, 2009 17 hours (1600 GMT), or to express its intention to bid on Anglo-American (...) is announcing that he renounces", decided the British agency responsible explore mergers.
The chairman of Anglo-American John Parker has consulted shareholders of mining group about the offer of a "zero premium", described as "totally unacceptable" last June 22.
"Since the board's approach has not changed and the board reiterated its strong opposition to the approach from Xstrata, Anglo-American writing in a statement.
"It is in the interests of shareholders and the group that the current period of uncertainty to an end," the statement said. ( Xstrata ordered to submit a formal bid on Anglo-American )
Anglo-American has already rejected in June an initial offer of "merger of equals" and a number of its shareholders have argued that such a reconciliation can not succeed if Xstrata does not offer any premium.
"Xstrata must, by October 20, 2009 17 hours (1600 GMT), or to express its intention to bid on Anglo-American (...) is announcing that he renounces", decided the British agency responsible explore mergers.
The chairman of Anglo-American John Parker has consulted shareholders of mining group about the offer of a "zero premium", described as "totally unacceptable" last June 22.
"Since the board's approach has not changed and the board reiterated its strong opposition to the approach from Xstrata, Anglo-American writing in a statement.
"It is in the interests of shareholders and the group that the current period of uncertainty to an end," the statement said. ( Xstrata ordered to submit a formal bid on Anglo-American )
COMCAST could take control of NBC Universal
Comcast is in talks with General Electric to create a new company by merging the activities of programs with the cable operator with NBC Universal, according to The New York Times, citing sources close to negotiations. By providing $ 6 billion in assets and cash, Comcast would get a 51% stake in the new entity, while GE would hold the balance. The conglomerate would provide $ 12 billion debt to society.
According to Reuters, the CEO of GE, Jeffrey Immelt, said he initiated discussions for a partnership or an IPO for its subsidiary NBC Universal.
The completion of such an agreement could take up to a month, according to the New York daily, but it depends primarily on the sale by Vivendi of its 20% stake in NBC Universal.
Through this transaction, Comcast would become the largest portfolio of active cable television in the world. ( COMCAST could take control of NBC Universal )
According to Reuters, the CEO of GE, Jeffrey Immelt, said he initiated discussions for a partnership or an IPO for its subsidiary NBC Universal.
The completion of such an agreement could take up to a month, according to the New York daily, but it depends primarily on the sale by Vivendi of its 20% stake in NBC Universal.
Through this transaction, Comcast would become the largest portfolio of active cable television in the world. ( COMCAST could take control of NBC Universal )
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