Today: BUSINESS News, Aug 22, 2011 (2)

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Aug 22, 2011

BUSINESS News, Aug 22, 2011 (2)


S.Africa's Absa acquires Mozambique insurer -daily
Reuters Africa
JOHANNESBURG Aug 22 (Reuters) - Absa Group , the South African bank majority owned by Barclays , has bought Mozambican insurer Global Alliance Seguros and plans another acquisition this year, the Business Day newspaper reported on Monday. ...
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Deutsche Bank charged in S Korea
BBC News
Earlier this month, regulators announced a ban on short-selling until November after theglobal market volatility caused a six-day sell-off. Short-selling is a strategy in which investors borrow stock to sell on the expectation it can be purchased ...
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BBC News
Madoff-Trustee, Linden Ponds, Petters, Grupo Mexico: Bankruptcy
BusinessWeek
Lion Global's lawyers are looking into the lawsuit, Mae Wong, a spokeswoman for the Singapore firm, said Aug. 19. A call to Quilvest USA in New York seeking comment on the lawsuit after regularbusiness hours wasn't immediately returned. ...
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Icap chief 's £7.6m pay is hardly exorbitant
Financial Times
Mr Spencer started Inter Capital 25 years ago with a dozen people in a room and has grown thebusiness to a FTSE 100 company with a market capitalisation of £3bn and employing 5000 people worldwide. A cursory glance at chief executive global pay-scales ...
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PRESS DIGEST - New York Times business news - Aug 22
Reuters
Global markets are anxiously awaiting a speech on Friday by Ben S. Bernanke, the Federal Reserve chairman, in hopes that he will signal that the Fed will act. * Obama administration officials have been roaming the country, talking up their vision of a ...
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Venture companies shaking IT sector`s landscape
동아일보
10, 2001, four IT companies were included in the Global 500`s top 10. Samsung Electronics ranked at the top, SK Telecom second, KT third, and KTF seventh. Five years later, however, KT and KTF dropped out of the top 10 and Hynix (seventh) and LG ...
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Business Readiness Manager - HR Transformation
Supply Management
Currently recruiting on behalf of FTSE50 organisation for the position of interim HR BusinessTransformation Manager - project based role to manage change with HR. 1st-Executive are currently retained by one of the UK`s most prestigious organisations ...
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S Korea's Samsung C&T mulls buying Parallel Petroleum for around $919.6 mn
domain-B
"We are actively pursuing oil, natural gas and mineral resources business...but no final decision has been made on Parallel Petroleum," the Seoul-based company said in a statement. Founded in 1979, Parallel Petroleum is an independent energy company ...
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Sarasota producer of medical test dummies forging ahead
Sarasota Herald-Tribune
He estimates the entire global business at $200 million a year in revenue, tiny compared with even other niche medical markets. "We are at $65 million in annual sales, and there are three of us of any scale," he said. Norway's Laerdal Medical ...
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Update Maybank 4Q net profit RM1.15b, dividend 32c
The Edge Malaysia
Maybank said for FY ended June 30, 2011, all its business sectors reported growth in operating income. The performance of Malaysia's Community Financial Services (CFS) and Global Wholesale Banking (GWB) were further boosted by significant reduction in ...
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Motorola's Value for Google Found in 18 Patents Used Against Apple: Tech
Bloomberg
Android was introduced on handsets three years ago to further Google's advertising business and is provided free to device makers including Motorola Mobility, Samsung Electronics Co. and HTC Corp. (2498) The platform accounted for 43.3 percent of the ...
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UniCredit's HVB to Outsource Service Units, FT Deutschland Says
Bloomberg
The units will be bundled in a new company called UniCredit Global Business Services GmbH based in Munich, which will have up to 3000 employees and start operating on Nov. 1, the newspaper said.
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Positive affirmations: Fort Collins consumers continue shopping habits despite ...
The Coloradoan
However, as the global economy shifts minute by minute, Fort Collins residents appear upbeat about the future. With better-than-average economic indicators including employment, foreclosure filings and home values, Fort Collins and Northern Colorado ...
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Nouriel Roubini: Social unrest will spread
Globes
"Even the world s middle classes are feeling the squeeze of falling incomes and opportunities." Roubini, a professor of economics at New York University's School of Business, was one of the few economists to predict the 2008 global financial crisis, ...
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Investors using ETPs more for risk management
InvestmentNews
“We've seen pretty significant year-to-date increases on inverse” ETPs, said Russ Koesterich, managing director and global chief investment strategist for BlackRock Inc.'s iShares business. “In general, investors are using these products to position ...
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Bombardier Expands Rail Services Business Presence In Singapore
Bernama
... Bombardier's global capability in providing whole life services to rail transport products. Bombardier has had a permanent head office in Singapore since 2005 and over S$19 million was invested in setting up the transportation headquarters in Asia.
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Aptiv Solutions Expands Leadership in Medical Device Regulatory Strategy and ...
Genetic Engineering News
The increased rigor demanded by regulatory agencies around the world for medical device development and approvals requires the expertise and scale of a global service provider with focus on the unique aspects of medical devices. ...
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Skype to Acquire Start-Up GroupMe
Wall Street Journal
By SPENCER E. ANTE Skype has agreed to acquire New York-based start-up GroupMe, a move that gets the Internet-calling giant into the increasingly crowded business of providing group messaging services on smartphones. GroupMe's application lets users ...
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S.Korea Hynix stake sale hits snags: sources
CIOL
Korea Economic Daily reported late Sunday that final bids were expected to be pushed back to early October, following Ryu's departure and fears of the impact of a global downturn on Hynix's highly cyclical business. Another source with direct knowledge ...
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MyUS.com Moves Up Nine Spots to Claim #45 on Biz(941)'s List of Top Companies
PR Web (press release)
About MyUS.com: Founded in 1997, MyUS.com is the first, largest and most trusted leader in package forwarding, servicing over 100000 global consumer and business customers annually. MyUS.com employs shipping experts to handle its customer's ...
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Fund chiefs train their sights on insurers
Financial News
Meanwhile JP Morgan Asset Management, ranked 12th in Patpatia's survey with $26.1bn of general account money, has identified insurers as a key business priority. Mike O'Brien, global head of JP Morgan's institutional business, said: “We have been ...
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NR Narayana Murthy, the sage billionaire
Deccan Chronicle
Murthy, who turned 65 on August 20 and officially retired from Infosys on that day as per a decision he had made in 1981 when he started the company, has become part of Indian business folklore. Put succinctly by an elderly shareholder who sang a ...
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Deccan Chronicle
TIM COHEN: Software surpasses gold as true store of value
Business Day
The most dramatic example of "software eating a traditional business" is the demise of the US book retailer Borders and the corresponding rise of Amazon. Andreessen describes the demise as a "suicide" and writes that in 2001, "Borders agreed to hand ...
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Largest brokers report revenue increases despite slow economy
Business Insurance
“The strength of our diversified global business was again shown...even with continued globaleconomic pressures and little change in the overall rate environment,” Mr. Plumeri said. But broker restructuring is expected to help their performance in the ...
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20th MinBizCon to benefit many sectors of society
Philippine Information Agency
7-9, 2011 with the theme “One Global Mindanao Making Public-Private Partnership.” Quisumbing said at last after two (2) decades of long wait, Pagadian was chosen as the venue of the largest and most important gathering of Mindanao's business people and ...
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Uptick rule replaces flash trading as market scapegoat
Moneycontrol.com
Never mind the global financial crisis, and the fact that no one has a clue what the "E" is in P/E ratio. It`s not clear it would hurt high frequency trading at all. One famous high frequency trader I know started his business in 2001...they traded ...
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Hong Kong Central Shop Rents to Boom
Bloomberg
(ANF) and Gap Inc. (GPS)'s expansion in Hong Kong may help push shop rents in the Centralbusiness district up almost 50 percent over the next three years, according Jones Lang LaSalle Inc. The US-based retailers are set to open flagship stores on or ...
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Treasury Wine Estates posts net profit of AUS$64m
Harpers Wine & Spirit Trade Review
The group has streamlined its corporate structure “to ensure that we think and behave as aglobal business; one that will allow us to allocate our resources to growth opportunities that optimises returns for TWE as a whole.†The new structure gives ...
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China BAK to Celebrate its 10th Anniversary in Shenzhen
PR Newswire (press release)
China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, smartphones, ...
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A stone for Surya Nepal Garments!
Republica
In today´s competitive business, markets do not have patience. Trade Unions do not realize this but, in trade, compliance with time is extremely important. Surya Nepal Garments was exporting to India and a few prominent European countries to the tune ...
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Kraft: A Stagnant Blue-Chip Behemoth
Seeking Alpha
I'm going to be looking for the North American grocery business to be trading at 12-13 times earnings post spin-off, as most investors trade in their shares for the higher growth global snack business. If none of these pricing opportunities pans out, ...
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Memon Investments to deliver Champions Tower I in first quarter of 2012
AME Info
The latest report reflects the company's commitment towards meeting its construction deadlines amidst the challenges left behind by the global economic downturn. The company has also reported that they are on track to meet their deadlines for the other ...
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ABB wins orders worth USD 200 million in S Korea and Singapore
SteelGuru
These solutions help customers meet their critical business needs in the areas of energy efficiency, operational profitability, capital productivity, risk management, and global responsibility. Available industry specific solutions include process ...
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Australian manufacturing 'crisis' as BlueScope axes jobs
Straits Times
SYDNEY (AFP) - Australia's BlueScope Steel said on Monday it will close a blast furnace, abandon its export business and axe 1000 jobs as unions warned the manufacturing sector was facing its worst crisis in decades. The company, Australia's largest ...
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7 Bold Buys by State Street
Seeking Alpha
Established in 1792, State Street is a truly global institution with $21.527 trillion in assets under custody and administration and $2.01 trillion in assets under management. The company took a substantial hit in the financial crises, but was able to ...
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Lovesick Miners Raise Costs for Rio, BHP
Bloomberg
19 (Bloomberg) -- Francis Lun, managing director at Lyncean Holdings Ltd., an investment holding company in Hong Kong, talks about the global economy, financial markets, and his investment strategy. Fortescue Metals Group Ltd., ...
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Good for HP (with a but!)
Enterprise Irregulars
The headlines on their website tell the story – powering the World's largest Cloud at 31 Petabytes, 25000 customers, deployed by 77% of Global 100, used by all of the top 10 global banks, 400+ of the world's largest software companies. ...
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Enterprise Irregulars
Parabolic SAR Sell Signals - DD, DDM, DEO, DES, DGX
Retirement Planning
In January 2011, DuPont and its wholly owned subsidiary, DuPont Denmark Holding ApS, entered into an agreement for the acquisition of Danisco A/S (Danisco). In 2010, the Company's Safety & Protection's business completed the acquisition of MECS, ...
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Keeping Michele Bachmann Honest on Gas Prices
Consumer Energy Report
Oil prices are set on the global market, and the best a president can do is to push for policies that ensure that demand doesn't outpace supply. But due to the global nature of the oil market, they are limited in the impact they can make. ...
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Consumer Energy Report
Gold prices likely mixed this week - mf global | China business news
By CBN
Gold prices are likely to trade higher in the next few days before drifting lower towards the end of the week, MF Global analysts say; “we have a somewhat mixed opinion of the gold market going into this week and think that an A-shaped ...
China business news
TC Global, Inc. (Tully"s) Announces First Quarter ... - News Guide
company continues its positive operating trends - finishes first quarter of its fiscal year with positive operating cash flows and decreasing net losses sharethis email pdf print we are encouraged by our ability to increase our sales ...
News Guide - News, Articles,..
Fed's low rates pledge supports global stocks - Yahoo! 404 - Page ...
News. ... expect the recovery to be slow ... Business News » ... Read 'Fed's low rates pledge supports global stocks' on Yahoo! News. ... Play Video. ...
news.yahoo.com/.../fed-s-low-rates-pledge-supports-global-sto...
Fox Business - Latest News - ADR Report: Shares Fall On Continued ...
Fox Business. ADR Report: Shares Fall On Continued Global-Growth Concerns ... The U.K.'scompetition regulator said Friday it was looking to make British ...
m.foxbusiness.com/quickPage.html?page=32811...1
SAMSUNG Semiconductor - About Us - News
Seoul, Korea - August 11, 2011 : Samsung Electronics Co., Ltd, a global leader ... Sample production of the SATA 6Gb/s 512GB SSDs began in May, with volume ...
www.samsung.com/global/business/.../newsView.do?news_id...

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