Every day, new things happen all over the world. It is natural, that people want to know what is new. In this era of modern communication forms, is not so hard to find the right information. You can read a newspaper, magazine, or you can listen to radio. But still the best way how to know the newest informations is television. There are many TV stations, which are broadcasting only news. The most famous is CNN. This cable station was found by Ted Turner in 1980. This famous American is owner of Turner Entertainment, which is the one of the biggest media network in the world. Part of it is CNN. CNN is broadcasting 24 hours a day, seven days a week. They air the newest and actual news from every corner of world. The Station has many affiliates and it is airing in 212 countries. They were first who showed The Gulf War live on the TV. They were also first who reported about 9/11. You can see all these things live from your sofa. It is great that you can always see news on your screen, but this kind of real broadcasting can be dangerous sometimes. They are not afraid to show you every aspect of life, and sometimes these pictures are too violent and can have bad mental effect on someone. It is only your decision: watch or don't.
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One or two months before Christmas, all the retailers start to decorate their shops with tons of christmas decoration, and start to prepare their shelves for new products. All of them want to have the best incomes, so they put sales almost on everything. People can not bear up against this, and buy everything what they want, need, even things they dont need, but are cheap enough. I know Christmas are not about presents, it is all about love, family being together and friendship. But look aroud you and tell me that this is not a true? Everyone around you is crazy what to buy. Everyday at least one person asks you if you have your presents bought already. So what is the best christmas gift? Thousands of people are desperate every year. Socks, underwear, hats and other practical things are no more in. You have to buy something different. God bless internet. Google is your friend. I found lots of websites where you can find advices what to buy for your mother, your best friend, your dog or grandfather. After reading these sites you have to find something. Then you can just go to shop and buy it. But be careful, the salesmen are dangerous, and sometimes makes you to buy things you will never need.
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Steve Fossett is missing forever by Natalia Holvova
The great American adventurer Steve Fossett has been missing since September 3rd 2007 when he disappears while flying in rugged Western terrain. He was famous for pouring his money earned in commodities market into chases for the world records in sailing, ballooning, flying and other sometimes dangerous outdoor activities. Searching for his body took more than month but he was never found. His wife Peggy is now asking the court to declare him dead. The request is a step to resolve the legal status of Fossett's estate of course. People are under the strong influence of the media and they blame everybody for getting some kind of benefits from death of wealthy people. Why would otherwise Fossett's wife ask the court to declare her husband dead? I am trying to think about the situation from different angle. They were an old happy couple without any material problems. He was crazy about reaching new world records and she must have been at least holly or very understandable woman to let him to do it all the time. They did not have any children...She is not going to loose any of the possession they've got. She already has lost! Lifeguards were searching for Steve longer than there was any possibility to survive in that kind of area with the equipment he had. There was also financial reward for helping to find him. Nothing happened though. Steve Fossett is missing and his wife is just taking care of everything needed. There is saying: the way you earn your money, the way you die. Steve Fossett had special passion for adventures and he disappeared inside of one of them.
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In the song people sing about Turtles, French hens, calling birds, golden rings, geese, swans, maids, dancing ladies, drums... If you buy all this things that the song recommend as Christmas gifts, you would pay $78,100. PNC company said so in the annual PNC Christmas Price Index. The amount is 4 percent higher than the last year. PNC is growing financial services organization spanning the retail, business and corporate markets, primarily dealing with financial services. Company can provide you with information from business overview, through media contacts, economic reports, to investor events. There's a lot going on at PNC and one of the services is also calculating the price of Christmas. They has been doing so each year since 1984. Although it seems to be humorous, the price index of Christmas gifts stated in the song mirrors actual economic situation and leading trends for future. For example, according the price of five golden rings we can find out the increasing price of gold, geese reflect increasing price of food stuff. Increasing prices could lead people to think more about gifts and buy rather one or two really suited for concrete person instead of headless shopping of senselessness. It would be really expensive to buy to your beloved all the things, mentioned in the song. It is disputable if such a big amount of gifts wouldn't spoil the Christmas spirit. It might be appreciated much higher if you sing the carol with all the love you have instead. If you are a bad singer, choose rather five golden rings.
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You got your job, try to work as much as you can, spend evenings at home instead of going out with your friends, don't eat in the restaurants, buy no fancy clothes and still have no money on your bank account? The reason may be quite simple. If you think you are worried about your money, your money can be worried even more. About what you guess? About YOU! Don't you believe it? Just think about this: - do you appreciate how much they help you - do you take enough care of your money? - do you tell your money often enough how much you love them? - do you have any idea how many people have no money at all? If you answered NO to most of these questions, do no be surprised that your money like your wife more than they like you. Fortunately, there is an easy solution to your financial worries. Try to follow my advice and I am sure your money will not avoid being in your presence any more. Here are some suggestions of what you should do: - regularly tell your money how much you love them and try to appreciate all they do for you - tell your boss that your family is starving and you definitely need a bigger salary - start using your bike instead of your car, wear dirty clothes, stop taking showers and people will soon start giving you money voluntarily - do not show your bank details to your wife under no circumstances - try to learn the trick shown in the video and I am sure you will soon become a billionaire P.S. If my advice do not work, try to listen to your financial advisor.
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Despite credit crunch and a sluggish housing market, retailers had a very good weekend and crowds of shoppers took the stores by assault on Friday due to the holiday sales. However, Frederick Crawford, managing director at AlixPartners, a turnaround consulting company, said that it's a temporary behavior, that people had their specific list and once their presents were at a price they considered a bargain, they bought it. Among the most hunted stores for bargains were electronics chains like Best Buy Co. and discounters such as Wal-Mart Stores Inc. and Target Corp, popular-priced stores like J.C. Penney Co. and Kohl's Corp. Furthermore, although toys are considered to be a thing of the past due to the wonder-box, the computer, Toys "R" Us Inc. and other toy stores drew a very good turnout. Toys "R" Us chairman and CEO Jerry Storch stated that for its 101 early morning specials (Friday) the revenues very good and the traffic on Saturday and Sunday was more than satisfying. Internet sales firm also confessed to be happy about the gains; Internet research firm comScore Inc. reported a 22 percent gain in online sales on the day after Thanksgiving and foretold that online sales would exceed $700 million online Monday. The extended programs, including midnight openings, and a blitz of early morning specials Friday, lured the shoppers (.C. Penney and Kohl's opened at 4 a.m.). Moreover, retailers offered discount to the products they knew as being on the shoppers' list like electronics, according to Gail Lavielle, a spokeswoman at Sears Holding Corp., which operates Kmart and Sears stores. Nevertheless, the fact that all the shoppers were oriented to flat-panel TVs, Global Positioning System receivers, game consoles like the hard-to-find Nintendo Wii, and digital cameras, only confirmed the suppositions of Crawford, that they indeed had a shopping list. Most of the buyers interviewed said that the things bought are mostly for children and that it was planed in advance. Holidays are coming, holidays are coming and this year everyone is expecting them breathless, especially retailers hoping that shoppers will keep the pace on buying. Don't go away, the season just started. Enjoy!
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Give one, get one is a campaign of an american organization OLPC (One Laptop Per Child) based in Delaware. This organization was found to manufacture and distribute special cheap laptops for children in developing countries. People who have enough money can buy one laptop, for example for their child, and second one for child in developing country. The price is not so bad, it is $399 for two computers. The main intention is to get the price down to $100 per one laptop. It is a special laptop created for children with very easy controls, it has everything they need, LCD display, SD card slot, flash drive, USB ports, and power generator built in, or separated, to produce energy for the laptop. Laptops can be also ordered by governments, they can decide how many pieces do they need, how many children can get one. But what do the children need it for? They are usually very poor and live in bad conditions. The idea is to help these children, to be better in school, teach them new things, show them what they can do. Then they have better oportunity to be successful in their lives, to find good job and make some money. Maybe this is the way how to help them.
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Why is this information important? Why people in the world are so interested in the prices of every barrel? Do we really need oil for our life? In 21st century is world economic still dependence on oil. Industrial revolution started using this black gold as a fuel and now we are in stuck because everything else is more or less in evolution but oil is still here with the same face but another price every week. I mean still higher price. Why? Good question. I personally think because oil industries want to make a fortune till oil is here. But on the other side why counties which have the most of oil reserve, like Iraq, are so pour. It really doesn't make a sense to me. Yes, of course I know that in Iraq isn't democratic political system and we need to help them to find the right way to democracy. But for how long we will be helping them to find the best way? Another 50 years because Iraq cant do it. Or is our helping just stupid cover on sucking up their black gold and waiting until they will be absolutely dry of oil? And then we will tell them sorry mates but we cant do anything else for your country you are such a different with all your history and traditions. And for this point we are leaving your country and thank you very much for your blindness. I hope I'm so wrong with this but after 50 years if this script will become a true I will be very sad for the democracy which I live in.
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Auto sales in the U.S. are getting lower by Natalia Holvova
Prediction for the next year of the auto sale in the U.S. doesn't sound very positive. There are presumptions of the three top investors in the automotive industry, Jerry York, and adviser to billionaire investor Kirk Kerkorian, financier Wilbur Ross, and Thomas Stallkamp, a former Chrysler president, that the sale will fall down from this years 16 million to 14,5 to 15,5 million for the next year. Â This prediction seems like one of the worst in the past 15 years and it can hit American car producers even harder than foreign. Factors causing or influencing this situation could also be related to the crisis at the housing market that is spooking costumers. American car factories are also slashing jobs and auto production instead of planning big sales on cars. Experts also think there will not be huge sales next year as usual, connecting to reduce arrangements helping to recover the situation. Â It is hard to say if the consequences of regular prices and lower production will make costumers to bundle their car buying during the year of 2008 and will low the sale even more just because of these disadvantages. Every reaction is invoking anti-reaction. Housing and mortgage situation appears essential to life. Is there expectation that people will concentrate on housing issue rather than buying new car? Anyhow, this situation in weak auto making industry market is not going to stay without the change according to three experts. In 2009 the situation is supposed to go back to normal. Just the hard time needs to be passed over.
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More than $30 million has paid one anonymous buyer called simply Mr. Simpson "Western states collector"for a collection of rare U.S. Prototype coins. Seller is someone, who would like to show how beautiful hobby could collecting be. The collection consists of 1,000 coins that collector refers to pattern coins that never went into production , because the U.S. Mint chose another design. These coins could really be first coins in American history that were struck by American government. Both collector and seller wanted to stay in anonymity. They are both rich and have a great career, but they are romantic enough and have a sense for collecting coins. It is very expensive to be a "big" numismatic, I think. It is not so simple to pay so much money for coins, if they are only a hobby. For one household it is too much to spend money for hobby. You need to be afraid, because there are still some people that want to steal your collections and have a big money when sell them. But history of such a coin is really fascinating. It is very fine to know more about money and about history of them. For example in America there were a lot of coins with depiction of woman representing liberty. There were not a profile of a former president, because people though that it is very unrepublican, if people have a power in a republic. So collecting of coins has two sides. The first are money that you need for collecting , the other is the history that you are part of.
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McDonald's set to rival Starbucks on the coffee market by Corina Ciubotaru
It's a new age of fast food restaurants: they're turning to coffee. McDonald's is expected to have the biggest success after its improved drip coffee recipe became a hit among consumers. Their coffee line is also set to expand, after the fast food chain organized a series of tests with iced coffee and sweet tea in over 800 stores and the specialized coffees are set to go on offer nationwide by 2009. McDonald's is up against Starbucks, Caribou Coffee and Dunkin' Donuts in this race, while more and more people begin buying their food and coffee from the same restaurants. The market is growing and its leader isn't in the best of times: Starbucks is experiencing lower traffic and an increase in dairy prices, both of which forcing it to adjust the approach. The people at Starbucks will start an advertising campaign on TV soon in an attempt to boost sales and are confident they will remain leaders. Still, McDonald's is barely beginning to equip its restaurants with machines for the new products and is already having to deal with franchisee's distrust in the success of a coffee line. They feel the investment will be recuperated in a long time and that the $100,000 initial investment is too big, so it will probably take a while before coffee and smoothie sales become a big part of McDonald's earnings. As part of their improvement program, the restaurants will also begin selling breakfast burritos in about one week and chicken biscuit sandwiches next year.
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Starbucks figures rise, but not enough by Corina Ciubotaru
Starbucks is probably America's best known coffee house and one of its best-known exports. It has come into focus many times as a representative of globalization and it looks like not even the financial crisis deepening in America is enough to stop it in its tracks. In the last quarter, it posted net earnings of $158.5 million, a rise from the $117.3 million same time last year. Revenue during this final quarter was up by $0.44 billion, from $2 billion last year, even though store same-store sales only rose by 4 percent. Traffic decreased by 1 percent in the U.S. stores open for at least 13 months, while overseas, traffic grew by 5 percent. All these decreases came as the result of two price increases during the last year, possibly due to a rise in dairy prices. The company thinks these figures are just temporary and that is focusing on long-term growth, with coffee houses opening in countries ranging from Argentina to Romania. Still, Starbucks has had better days. These decreases are the first in the company's history, and now competitors like McDonald's and Dunkin' Donuts are threatening its position, offering specialty coffee for lower prices. This calls for serious marketing measures, like issuing personalized cards worth $25 for Starbucks customers, $20 of which can be spent in stores. The company also announced Thursday it would begin its first television advertising campaign, in an attempt to increase the number of customers. The decision is somewhat surprising, as the company had always refrained from advertising its products on TV.
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GPS â little spy or little helper? by Natalia Holvova
GPS tracking device is now installed in more and more governmental of official business cars. The reason is faster and easier efficiency of vehicles. GSP is not just navigation system that can help drivers to find the shortest way and help them in case they get lost, GPS can also monitor if there is some inappropriate use of the car. That means that employers can watch their employees and see the purpose they use the company cars for. Even though the results of using GPS in public cars are very positive, brought reducing of the gas use and less kilometers driven and higher working discipline of drivers, people are complaining. People who are always watched feel unfree and dependent. They also feel like loosing huge part of their individuality and dignity. It seems like a Big brother tactic what nobody likes. Is more important feat or satisfaction? Every single employer would like to have people who will do their best and will be able to fulfill working position. On the other hand no one wish to have employee who is obviously unhappy and consequently not able to work properly. Rules need to be set though. Without authority there is no order! If it comes to watching people we need to be very gentle and careful. What if one day we are the one who is watched? No one wants to loose their private life but we can take an advantage of GPS using with fairness and make from little spy, little helper for everyone.
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Movement for the Emancipation of the Niger Delta claimed responsibility to the attack from November 15th 2007. Attackers blew up a crude oil pipeline on Thursday, after a month full of violence against Africa`s top oil producer. "We will continue to nibble on the oil industry until they feel the pains," said the group of militants known as MEND. The results of its action caused major problems in the industry. Nigeria- a former source of corruption and national shame Years before the violence started in the Delta, the oil business had been a mess. Changing military leaders and governments found this to be a source of their personal account and spent more money supporting lucrative contracts than investing in refineries. It looked like nobody succeeded to understand that some acts will be sooner or later followed by results. Those are now alarming and way beyond the national Nigeria's politics. Oil prices rising above Crude prices have been erratic this week, falling more than $3 on Tuesday and rising more than $2 on Wednesday after hitting a record of $98.62 a barrel last week. Shell declined to specify the volume of production affected, but an industry source estimated it between 20,000 and 50,000 barrels per day. Other major exporters as Nymex, Petromatrix and others followed. "The federal government is not serious about the whole thing. We have been saying this for weeks and now everything is going out of control," said Jonjon Oyeinfie, a delta activist. The oil industry creates 76% of government revenues and Nigeria is existentially dependent on it. The new government is taking all kinds of actions to rebuild the corrupted business into a modern and functioned company. However, this will not work without securing the pipelines against another wave of violence.
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John A. Thain - new part of Merrill Lynch and Co. by Jana Kokavcova
John Tained received the top job in one of the well-known firms Merrill lynch and Co. But who is this man? Let's talk about this rich and in some society famous man. John Thain was born on 26 of May in Antioch in state Illinois. Previously he was Chief Operating Officer of Goldman Sachs, CEO of the New York Stock Exchange. Thain earned a bachelor degree in Electrical Engineering from MIT in 1977 and an MBA from Harvard Business School in 1979. John Thain is now current CEO of Merryll Lynch and Co. It will be a big step for this firm. About this great position were told with names like Willumstad, Paulson, Kovachevich,⦠So John A. Thain was not the only one candidate. But he agrees and now this 52-year old man is the first CEO in Merrill's 93-year history that has nothing to do with the world's largest brokerage. But yesterday he promised to join 64,200 employee securities firm. "Merrill is an opportunity to ``restore a sense of pride'' and ``morale'' that made it the most famous icon on Wall Street."said John A. Thain. Everyone wait what will happen in Merrill Lynch and Co. these days and what will Thain change. If he will does such big sensation in this firm too. It is possible, because a lot of his former co-workers are his admirers now.
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Are Americans smart enough to get Smart car Fortwo??? by Natalia Holvova
Here is prediction: Americans are ready to get small car! The Smart cars creators proclaim that even people in huge country where everything is huge are ready to get something really tiny just because it is really reasonable. Smart car seems to be perfect for single person use in States including its low gas usage, practical proportions and easy maneuverability. In spite of all this great advantages I am thinking of megalomaniac way of life in States and it is really hard for me to create a fantasy where ordinary American is getting small car instead of big wan, truck or hummer. It just doesn't sound American. But times are changing. Also life situation and living conditions are different especially under the influence of the Iraq war that is causing increasing of the gas prices and as a result of that further increasing of prices of all the goods. Just Americans still live in the old system and situation that they were used to. Everything was big and better than anywhere else. Is that still true? Do they still have the same amount of money for their work and are they still able to get all the stuff for same money that they were able to get before 9/11??? Maybe it's time to get awake, maybe it's time to get Smart for them and start to think practical instead of living in a dream. How many Americans are using their own car by themselves? For what they need nine people car if they never really fulfill it? Why not to take an advantage and use smaller but smarter? The biggest issue is a change in the American mindsâ¦
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The oil price have slightly declined after the International Energy Agency (IEA) said that the supplies are rising. IEA represents developed countries and yet, for the second month didn't increase oil demand as it has predicted. IEA says that it only reacted to the high prices. Previously, there was an incontrollable grow in prices caused by the uncertainty in the market regarding the OPEC output and the prices nearly reached $100 a barrel. There is a dispute about the oil price. According to the biggest oil producer - Saudi Arabia - the real price based on production costs is only $60. This means that the price is not a reflection of the inquiry and supply but in facts is more influenced by what somebody says. According to Mr. al-Naimi, Saudi's Arabia's powerful Oil Minister, even though the oil prices are high and Saudi Arabia increase it's capacity production on schedule there is no assumption that they'll drop as the developing countries are growing at a very fast pace - between 7 per cent and 10 per cent-plus. This means that they are going to need even more energy. This constat grow in demand will not allow the prices to fall.
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There is a new trend in the software business industry to acquire business-intelligence software. Moreover, it's a real competition between vendors and IBM wants to be in the top, so it has just bought Cognos Inc. for $5 billion in cash in the context that SAP AG already acquired Business Objects SA for $7 and Oracle Corp. paid $3.3 billion for Hyperion Solutions Corp. The challenge is now to technically integrate business-intelligence offerings in a way that is easier and less expensive for customers. Business-intelligence software are used by big organizations like IBM, SAP, Oracle, in order to gather data in "dashboards" useful to shaping of issues like the financial impact of staffing changes or marketing moves. It was introduced in the product packages because it merged with other applications the business software does. When it comes to the merge issue, IBM will add its new acquisition to information management software division and will keep Rob Ashe as Cognos CEO, but he will have to report to the group's head, Ambuj Goyal after the first quarter of 2008 when the deal will be completed. IBM's deal is integrated in a portfolio that has been increased lately with new software as a strategy because software generates much fatter profit margins than IBM's sprawling technology-services business which connects various kinds of software applications. However, the opinions on the merge with new software are divided. David O'Connell, a senior analyst with Nucleus Research, is skeptical, while Paul Hamerman, Forrester Research, says customers won't be affected in any way of the changes due to the pre-existent partnership IBM and Cognos had. On the stock market a change could be noticed, both Cognos shares rose $4.17, or 7.9 percent and IBM shares rose 1.2 percent, or $1.20. Armonk, N.Y.-based IBM has previously acquired the consulting division of PricewaterhouseCoopers in 2002 for $4 billion. Don't go away, seems like IBM's renewing doesn't stop at Cognos. More interesting things to comeâ¦
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The Chairman of the U.S. Federal Reserve System addressed the Joint Economic Committee of the U.S. Congress on Thursday the 8th to present an update on the economic situation of the country. Situation, that is of a major concern of the economist and even considered alarming. The U.S. is facing the increased oil prices as well as the falling value of the dollar, which are one of the reasons of the inflation threat. Some economist state the current situation strongly reminds them of the 1970 oil crisis, and even fear the U.S. economy might fall into recession. Major U.S. companies, such as General Motors and Citicorp have announced great losses in recent days. In his speech on the Development on the Financial markets, Ben Bernanke noted that the "economy has performed reasonably well" since his last address, and further he dealt with the problems with subprime mortgages. On the topic of the Federal Reserves Policy Action, he commented on the steps FED took to help the market, such as cutting down the discount rates. He amitted, that the third quarter economy growth at a 3.9 rate is not likely to be sustained, as stated by the FOMC (Federal Open Market Committee), and according to this speech: "The FOMC will continue to carefully assess the implications for the outlook of the incoming economic data and financial market developments and will act as needed to foster price stability and sustainable economic growth" (http://www.federalreserve.gov/newsevents/testimony/bernanke20071108a.htm).
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Petrobras Proud to Announce New Oil Reserves in Brazil by Natalia Holvova
It seems the mankind is saved from finding an alternative energy solution or at least, the deadline is now slightly postponed thanks to Brazil. On Thursday, Petrobras (Petróleo Brasileiro), Brazil's national oil company, announced a great discovery of new oil resources in Tupi field near Sao Paolo, Brasil. So far, Petrobras has been producing 2 million barrels of oil per day, however, according to Felipe Cunha, a Brazilian oil analyst, the discovery could bring Petrobras among the companies with world's largest oil reserves (e.i. Exxon, British Petroleum, Chevron, and Shell), leaving Chevron and Shell behind, as reported by Peter Muelo, Associated Press writer (http://money.aol.com/news/articles/_a/brazil-oil-field-may-hold-8b-barrels/n20071108191509990028). The share price of the British Energy Group BG and Petrogal Galp Energia, which hold 25% and 10% of the Tupi field respectively, rose following the announcement. The Brazilian government owns the common share of Petrobras with a vote right. The new find could bring Brazil into the group of the world's largest oil producers, countries like Saudi Arabia, Iran, Iraq, United Arabic Emirates, Venezuela, United States and Mexico. The discovery is certainly good news for the United States, considering they are currently dependent on the oil from Venezuela. The question arises - will the current oil price be anyhow affected, since the current price is about to hit the magical ceiling of 100 dollars per barrel (the price has gotten over 98 dollars per barrel recently).
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Cisco sales are good, but their clients become poorer by Corina Ciubotaru
Cisco Systems announced some 25 of its major clients, including eight banks, have been slow in buying their products this year. A network supplier, Cisco is one of the biggest companies in the computer business, with a market value of $180 billion on Thursday, and its words sent shivers down many CEOs' spines. It was believed this industry would not be affected much by the financial crisis that has been troubling America since this summer, but since all things are linked in an economy, a crisis in the computer business could not have been avoided. After the announcement, both Google and Apple shares dropped significantly, by $55.06 and $18.53, respectively and so did the Nasdaq index which fell by 56.72, or 1.9 percent. Still, Cisco is a company that's been doing very well and expects a 16 percent growth in the second quarter, as major firms only account for 40 percent of their US market. Cisco officials claim the other segments they address, service provider and commercial, are still strong. Their recent acquisitions and clear view of what the market needs will probably save them from their own little crisis in the future. They had an income of $2.2 billion in the first quarter and their numbers surpassed analysts' expectations; they were expected to have sales of $9.54 billion, and the actual number was $9.55. And with major clients, sales going up from last year and a strong brand name, it doesn't seem like Cisco will suffer much from external financial troubles.
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The PC game industry is a very fertile one and therefore it comes as no surprise to anyone that Google Inc who is dominating the Internet search advertising market is testing ways to deliver ads in computer games. The spokesperson said at the press conference on Thursday that it benefits the user, the video game publisher and the advertiser, but there has to be found the best approach to in-game advertising. Google reigns in the advertising market and has expanded gradually to newspaper, radio, "smart" phones, and video games. In February it acquired the in-game advertising firm AdScape for 23 million dollars. Also website GigaOm contends the California firm will launch a version of its ad platform with a computer game next month; PlayStation created last month a unit in order to develop "dynamic" in-game advertising that can be modified via the Internet. Moreover, Microsoft sells in-game advertising through the Xbox Live platform that connects online to the US technology firm's video game consoles after it bought last year in-game ad firm Massive. Nintendo, Sony, and Microsoft have exclusivity over the delivery of advertising to games played on their hardware. Still Google will find ways in promoting the new product which is a powerful marketing tool. It can adjust according to demographic groups and players focus intensely on game scenes remembering everything they seen. Google refused to reveal the pre-established plan and mostly because the Internet buzz that it will be in the market by year's end. Soâ¦sit back and enjoy the ride!
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Bank of America plans advertising campaign for its retirement programs by Lucia Mitrova
"Americans' retirement needs are continuing to intensify due to longer life expectancy, rising health care costs and the lack of comprehensive, readily accessible guidance," said Jeff Carney, president of Bank of America's Retirement and Global Wealth and Investment Management Client Solutions. That is the reason why Bank of America is entering the business which is usually controlled by specialized firms. The $35 million advertizing campaign, which is supposed to lead to broader one, starts on Sunday.Main target of the campaign are customers of Bank of America who are living in retirement are who are about to approach it. First campaign is focusing on individual retirement account, second, bigger one focuses on general retirement needs. "When you look at the size of the mass market, they are facing tremendous complexity in solving their life needs. We want to help them define the problems and address them," said Carney. He hopes, that customers realize that company is a choice for them in a marketplace. Bank of the America would like to increase the number of retirement assets not only thanks to their traditional products. They came with estate and wealth transfer and trust services too. "Most people under the age of 35 probably do not see a bank in the same way that they may see a Vanguard or some institution like that. The challenge that banks continue to face is trying to get people who are happy where they are to move their stuff," said Scott MacDonald, the head of the Southwest Graduate School of Banking Foundation at Southern Methodist University in Dallas.
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Morgan Stanley, the second biggest security firm in America, writes down more than $3, 6 billion. It's a big shock for all American security companies and financial analytics. Morgan Stanley, Citigroup and Merrill Lynch have announced collective writedowns of $24 billion over the past month. Subprime assets declined in value from $10.4 billion on August to $6 billion on October. The crisis began in August. The firm's traders didn't expect that risky borrowers sank so early. Decline cuts fourth-quarter earnings by $2.5 billion. This situation may change by the end of November, but they can't say it really will go in this positive way. Security firm can only to hope. This situation could also depend on the financial news. American dollar have lost his powerful and fast emplacement on the world market. The U.S. dollar reaches record lows against the euro and Canadian dollar. This is maybe one from the reasons of all things that happened to big security firms and big banks too. U.S. bank reported in the past two weeks that the value of their mortgage holdings deteriorated since the end of August. Colm Kelleher, the chief financial officer of Morgan Stanley said, that the healing process will take longer than they have thought before. This situation is hard and they hope it will go better in next days, weeks or maybe months. Morgan Stanley's fiscal year ends in November and they won't release more information about the position until it reports fourth-quarter results next month. What will happen in next few days? Nobody knows. But it is very interesting to find new information about story that happened to No. 2 Investment bank in America.
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Citigroup CEO is going away for good by Corina Ciubotaru
Another departure in the financial market, another hundred million dollars go for compensation. Charles Prince, CEO of Citigroup, is leaving the company following the fall in company stock prices. The news was eagerly awaited by the entire Wall Street after the company's not-so-great results and after the departure trend was started a few weeks ago by Stan O'Neal, CEO of Merrill Lynch. Prince is expected to leave with $100 million in stock awards, a pension and millions of shares valued at $37.73, while Citigroup is expected to split. Company shareholders say they intend to keep it in its current form, but financial analysts believe there should be a fair assessment of which company components are the most profitable and cut them out of the group. Some of the most likely components to be cut are the brokerage arm Smith Barney, the investment banking arm, its capital markets unit and its retail arm. It is expected that Citigroup cut its investments by $8 billion to $11 billion, a move that has upset investors and has lowered the stock price by more than $1. Shareholders are also angry that the company is in decline, so the new CEO will have his work cut out trying to nurse it back to health in this troubled market where ugly surprises happen every day. The new CEO is going to be chosen by a CEO search committee; among the candidates are BlackRock CEO Laurence Fink, Citigroup CFO Gary Crittenden and NYSE Euronext CEO John Thain.
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Citigroup"s Personal Changes after the Write-off of 11 Billion by Barbora Kasparova
The world's largest company held an emergency board meeting on Sunday, after which the former Chief executive officer Charles Prince announced his resignation. The reasons ware large losses from subprime mortgages and other debt resulting in a massive write off. Prince will, however, not loose his crown completely; he will remain a Citi adviser. His function will be temporarily taken by Sir Win Bischoff, who runs Citi Europe. Former Prince's advisor, and the U.S. Secretary of Treasury under the Clinton administrative Robert Rubin was named company's chairman. Curious enough, Rubin has either not anticipated or not admitted the possibility of Prince's departure, since in October 2007 he stated, as published by Reuters: "I would give you long odds -- I would bet you $100 that he will be the CEO at the annual meeting five years from now, and as long past that as he wants to be." (http://www.reuters.com/article/topNews/idUSN0420142820071105?pageNumber=3) Another figure in Citigroup, shareholder Jim Huguet, however, claims he knew the reason why Prince was not successful: "He was brought in to fix their legal problems because he's a lawyer, but they need someone who is capable of really building the business, and I don't think that's Prince's forte." (http://www.reuters.com/article/newsOne/idUSN0421281220071105?pageNumber=2)
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Chairman of Citigroup resignated by Martina Fischerova
The Chairman and Chief Executive of Citigroup Inc. Charles Prince resignated under the pressure of shareholders last week. They blamed him to be responsible for investments funded by risky debts. The nation' s largest bank is awaiting losses of more than $8 billion after Prince' s expected departure came true after 4 years of his tenure, while many shareholders had criticized him. The resignation had immediate affect on shares which were on Friday 20 percent bellow than they were when Prince joined his chairman position in 2003. He is being replaced by former Treasury Secretary Robert E. Rubin. Rubin has many experience from spending years at US investment bank Goldman Sachs afterwards leading the U.S. economy as Bill Clinton's chief economic adviser. Citigroup hopes his abilities and experience will be much helpful for changing the nowadays situation and that he will continue to fulfill the company' s strategies focusing on international expansion as well. Another fact is Citigroup' s not the only one who has debt problems. Borrowers with poor credit stopped paying their mortgages and many banks took looses on them. Considering to these facts it will be long and difficult way to restore shareholder's confidence in Citigroup.
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About a sixth of Chrysler's North American workforce will be unemployed over 2007 and 2008. Tens of thousands of employees have been dismissed already. Due to sluggish sales and nonprofitable business. Chrysler has been struggling with nonprofitability since the price of gas went up and the Americans started turning away from purchasing big cars; the trend of minivans, trucks and sport utility vehicles was over. GM, Ford and Chrysler shared 74% of car sales in the US in 1997, now it is 57%, according to AutoBlog. Not even the merger with Daimler in 1998 helped Chrysler. It kept losing while Daimler succeeded; now Daimler is selling Chrysler off to American investors. A never-ending chain of strategically wrong decisions is not the best of perspectives one is looking for in a partner. Already in years 2001 and 2003 Chrysler reported losses of 5.8 billion euros. Plus the total losses from 2006 ($1.48 billion) add up to over 6.9 billion euros and they're yet expected to grow. Due to this there was money missing to improve quality, produce environmentally friendlier vehicles and safeguard jobs. The managers kept producing high, even though sales stalled. They never innovated. The company's CEO, Dieter Zetsche, reacted too late; he announced only this spring that they will examine their options. Since then, a new Chairman of the Board of Management and a President in one person was named & Jim Press. Under his ruling the company is focusing on a new approach and survived even the summer when the profits dropped by 19%. Two new models are being prepared for 2008. The massive job cuts are only a part of a restructuring plan. There are really only two things to do: build innovated strong cars and then wait for the public to notice. And jobs will be saved.
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MySpace will use Google widgets by Nina Gotzmannova
The usual user of Internet uses his/her computer and connection for sending e-mails, searching for information, using online banking or socializing. The last thing seems to be the most popular way of spending time. Creating an account on one of the popular socializing network websites have never been easier as today. Users can submit pictures, videos, write blogs, look for classmates, friends, and dates, meet people with similar interests or long lost friends. One of the most popular websites is MySpace and according to the latest business news, socializing will be easier in the future. Only in United States had MySpace 68 million visitors in September, comparing with 30.6 million visitors on Facebook. The popularity of MySpace is doubtless twice as Facebooks'. Although the popularity of Facebook is growing every day, MySpace CEOs shouldn't be worried. With their new contract with Google their company will remain number one. According to MySpace the site will join a distribution network of interactive applications from Google, known as widgets. Users of MySpace would have easier access to distributing music, pictures and video. Before this act MySpace wasn't included on a list of Google widget users, which led to speculations if MySpace wants to create widgets on their own. Another websites, who will support Google's platform, are bebo.com, Friendster, hi5, Linkedln, Ning and Orkut. The importance of this step is that before only Facebook allows using similar widgets, but only on its own website. People using another social network website weren't allowed to use widgets on them. Google's cooperation with MySpace will speak to more than 200 million people, what is more than enjoyable for the business and socialization.
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According to a poll among analysts made by Thomson Financial the average price for Google shares was expected to be $739.23 at the end of the year. However, after Wednesday, there is most likely to exceed all expectations in the following days. The Mountain View-based company's shares reached a peak of $707 on Wednesday leaping from mid-September from $600 to $700 which has an equivalent in market value of 34 percent. The giant company has now a $55 billion market value, more than the total $42 billion that Yahoo Inc. has. This result comes after Google announce that it will revive the social network competition, launching a new strategy for outside developers. Furthermore, the news of an operating system designed for mobile phones distributing ads to people on the go made investors gasp. Google co-founders Larry Page and Sergey Brin refused to split their company's stock and offer to other people the opportunity to buy a few shares, because their theory sustains a higher stock price that attracts more patient and knowledgeable investors. Their theory proves to work perfectly; a $10,000 investment in Google's stock at an offering price of $85 in August 2004 would now be worth about $83,000. Despite the results Wall Street has higher expectations and belief this is only the beginning. Dinosaur Securities analyst David Garrity on Wednesday predicted Google's stock will climb to $985 during the next year. The main revenue comes from advertising and the company focuses on that. New online advertising channels featuring video, graphics and other more compelling features were introduced lat year and also there was an expansion into television, radio and print. Moreover, Google will innovate the telecommunications industry by introducing inexpensive cell phones that facilitates the access Google's search engine, maps, e-mail and other applications when you don't have a PC to use. Stephen Arnold who has just released a study on the giant company calls it Googzilla due to the enormous power it has and the fact that it barely has any competition. Stay connected and search some more with the best: Google.
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