Thursday, January 17, 2013

Due to the country's staggering tally of gun violence, Mexico City recently held...

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Saudi Arabia approves SR5bn in loans to build 12,400 homes | Real ...

Posted by staff reporter
Wednesday, January 16 - 2013 at 07:19 UAE local time (GMT+4)

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Source: http://www.ameinfo.com/saudi-arabia-approves-sr5bn-loans-build-325843

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Wednesday, January 16, 2013

THE RESET: Obama: voters would blame both parties

President Barack Obama makes congressional Republicans the villains in the government's drama of lurching from crisis to crisis. But he also suggests Americans would "blame all of Washington" if there's a government shutdown or delays in Social Security benefits and other payments.

In his first news conference of the year and last of his first term, Obama said it's up to Congress, ultimately, to decide how to raise and spend money. "And if the Republicans in Congress have made a decision that they want to shut down the government in order to get their way, then they have the votes, at least in the House of Representatives, probably to do that."

Republicans control the House, Democrats the Senate.

Since Obama took office, gridlock on Capitol Hill has been the norm rather than the exception as one fiscal crisis has given way to another.

The government came close to defaulting on some of its obligations in mid-2011 when Republicans balked at raising the ceiling on the government's borrowing authority.

Congress now must again raise the debt ceiling for the government to keep borrowing money to pay its bills ? or face a first-ever default as early as mid-February.

Both sides have dug in. Republicans insist raising the debt ceiling must be combined with big spending cuts. Obama counters he won't negotiate any deal linking the debt limit to spending cuts. It would be "short-sighted" and "profoundly damaging to our economy," he said Monday.

He was asked if he would let the government grind to a halt if he disagreed with spending-cut proposals put forth by Republicans ? and if that happened, who'd be blamed?

Polls show voters are more inclined to blame Republicans than Democrats.

Even so, "I suspect that the American people would blame all of Washington for not being able to get its act together," Obama said.

___

Follow Tom Raum on Twitter: http://www.twitter.com/tomraum

Source: http://news.yahoo.com/reset-obama-voters-blame-both-195431583.html

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Stocks edge lower; Apple extends decline

In this Thursday, Jan. 10, 2013, photo, traders work on the floor of the New York Stock Exchange. Stocks opened lower on Wall Street as concerns about the government?s finances intensified, offsetting a report that showed retail sales rose in December. (AP Photo/Richard Drew)

In this Thursday, Jan. 10, 2013, photo, traders work on the floor of the New York Stock Exchange. Stocks opened lower on Wall Street as concerns about the government?s finances intensified, offsetting a report that showed retail sales rose in December. (AP Photo/Richard Drew)

NEW YORK (AP) ? Stocks opened lower on Wall Street as concerns about the government's finances intensified, offsetting a report that retail sales rose in December.

The Dow Jones industrial average fell 32 points to 13,475 as of 10:26 a.m. EST. The Standard and Poor's 500 dropped five points to 1,466, the Nasdaq Composite index fell 21 points to 3,099.

Apple fell $12 to $490, its third daily drop. The stock hasn't closed below $500 in almost a year. Apple slumped 3.6 percent Monday on concern that demand for its iPhone 5 is slowing.

Concern about the state of government's ability to borrow may also be starting to weigh on investors' minds.

Treasury Secretary Timothy Geithner told congressional leaders in a letter late Monday that the U.S. government will reach its borrowing limit as soon as mid-February, earlier than expected.

Earlier in the day President Barack Obama had urged Congress to raise the borrowing limit so the government can continue paying its bills. He told reporters Monday that a failure to lift the debt ceiling could harm the economy and cause turmoil in financial markets. Republicans want spending cuts in exchange for raising the debt limit.

Stocks declined despite a report that showed retail sales increased in December. Consumers bought more autos, furniture and clothing, despite worries about potential tax increases. Sales rose 0.5 percent in December from November, slightly better than November's 0.4 percent increase and the best showing since September, the Commerce Department said Tuesday.

Both the S&P 500 and the Dow are up on the year, having surged in the first week of January after lawmakers struck a last-minute budget deal to prevent the economy going over the "fiscal cliff." The agreement prevented a series of tax increases and spending cuts that would probably have pushed the U.S. economy back into recession, according to economists.

Optimism about the outlook for global growth has also boosted stocks.

The S&P 500 is up 2.7 percent this year and closed at a five -year high of 1,472 last week. The 30-member Dow is up 2.6 percent since the start of 2013.

The yield on the 10-year Treasury price, which moves inversely to its price, fell 3 basis points to 1.81 percent.

Among other stocks making big moves;

? Lululemon Athletica, a maker of yoga apparel, dropped $5.39 to $66.88 after its revenue forecasts fell short of revenue analysts' estimates.

? Given Imaging Ltd. fell $2.17 to $16.03 after the medical equipment company said it was no longer considering a possible sale of the company and added that one of its largest shareholders plans to sell its stake.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-01-15-US-Wall-Street/id-04e8d4866f9046ce88ace7c9ac24d042

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Tuesday, January 15, 2013

UBS Microsoft - Business Insider

Microsoft's Surface is off to a very slow start, in UBS analyst Brent Thill's opinion.

He estimates Microsoft sold just 1 million Surface RT tablets, down from his previous estimate of 2 million.

For some context, Apple is expected to have sold well over 20 million iPads. That's part of the problem. People are choosing iPads over Surfaces, says Thill. He also blames narrow distribution. Microsoft only sold the Surface at its stores last quarter.

He's cautiously optimistic about the Surface line. He thinks the Surface Pro which runs on an Intel chip will be strong with corporations, providing a good iPad alternative.

Overall, Thill says he's cutting estimates for Microsoft's holiday quarter based on bad data points about the holiday quarter:

Cutting FQ2 by $1.1B/$0.08 to $21.3B/$0.76 (Street $21.7B/$0.76) on lower Windows division revs to $5.9B (from $6.7B) on CQ4 PC sales -6.4% per IDC and our revised Surface RT sales e.stimate of 1M units (prior 2M). PCs also hit MBD transactional revs cutting MBD to $5.6B from $5.9B. With PC weakness likely to linger we cut FQ3 to $21.0B/$0.76 from $21.5B/$0.78 (Street $20.9B/$0.78). FY13 est?s cut to $79.6B/$2.80 (revs +8.0%, margins 36.6%) from $80.8B/$2.90.

Source: http://www.businessinsider.com/ubs-microsoft-2013-1

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Positive News for Israel in the New Year

Israeli-flag-projection-o-007With the holidays behind us, and the elections, I do have some good news to report about Israel.

No doubt, this is shocking to you.The population of Israel is booming, in contrast to most Western nations, and even many countries in the Arab world.? Meanwhile, Palestinian statistics consistently overstate their actual numbers by 1 million.? I have already written about this here.? One new point though ? the current 66% Jewish majority in the area of the pre-1967 Israel, Judea and Samaria could actually increase to an 80% majority in 2035, if Jewish immigration increases from the former USSR, France, Britain, Argentina and the US.? This is quite possible, in response to Israel?s positive economic indicators, the intensification of European anti-Semitism (largely because of growing Muslim populations), and the growth of Jewish-Zionist education.

? Israel?s economy is also booming.? Israel?s 2009-2012 economic growth of 14.7% leads the Organization for Economic Cooperation and Development countries, ahead of Australia ? 10.7%, Canada ? 4.8%, US ? 3.2%, Germany ? 2.7%, France ? 0.3%, Euro Bloc ? 1.5% decline. Also, Israel?s unemployment rate edged down to 6.7% in November from 6.9% in October. Tourism numbers went up to an all-time high of 2.9 million tourists in 2012. Simultaneously, much of the civilized world is or seems about ready to sink into a recession.? Also, unlike the US and many other nations, Israel does not have crushing debt and entitlement burdens.? Meanwhile, few of the non-oil producing Arab nations are doing well economically. More

Source: http://feedproxy.google.com/~r/typepad/Menorah/menorah/~3/ebMjoBgt-js/positive-news-for-israel-in-the-new-year.html

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Monday, January 14, 2013

Top 10 Fastest Growing Tech Companies Of America - BloggingeHow

The world has now transformed into a complex web of extremely tough competition. It is evidently, the survival of the fittest these days as challenges to keep pace with life has increased dramatically. The competition obviously arises from the global success of International companies who have raised their standards too high that the contest even within internal networks sets to meet a certain high level of expectations.

Recently, Forbes, an international business magazine, revealed a list of 25 fastest growing American companies. The list of fairly dominated by the enterprise software and IT companies. ?Today I will share with you, the top 10 fastest growing American companies from among the list of Forbes.

You may like to read:

1) LinkedIn

LinkedIn is a social networking website for people in proffessional occupation. It was launched in May 2003. As of January 2013, LinkedIn reports more than 200 million registered?users in more than 200 countries and territories. Its 3 year average sales growth have reached as high as 89%, with latest 115% sales growth in the past recent year.

2) Apple

Apple Inc., formerly Apple Computer, Inc., is an American multinational corporation headquartered in Cupertino, California that designs, develops, and sells consumer electronics, computer software, and personal computers. Its 3 year average sales growth go as high as 43 % with 63 % sales growth in the past recent year.

3) Qlik Technologies

QlikTech is a software company based in Radnor, Pennsylvania. QlikTech is the provider of QlikView, a Business Intelligence software, which combines the features of dynamic presentations, instantaneous data manipulation, and real-time data analysis. Its average 3 year sales growth have reached to 40 % with 37 % sales growth in the last year.

4) Athenahealth

Athenahealth, Inc. is a publicly traded American company that provides physician practices with online pracice management?and electronic medical record software, combined with medical billing?and other healthcare business services. Its stands at number 4 with 33% sales growth on average ont he last three years and 34% sales gowth in the last year.

5) Equinix

Equinix, Inc.?is an American public corporation that provides carrier-neutral data centres and internet exchanges. Equinix provides network-neutral data centers (IBX or "Internet Business Exchange") and interconnection services. The company offers colocation, traffic exchange and outsourced IT infrastructure solutions to enterprises, content companies, systems integrators and over 600 network service providers worldwide.

Equinix have managed sales growth of 32 % on average in the last three years with 27% sales growth in the past one year.

You may like to read:

ebIX, European forum for energy Business Information eXchange, is a non-profit European organisation with the objectives to advance, develop and standardise the use of electronic information exchange in the European energy industry. It has seen a sales growth of 32 % on average in the last 3 years and 28% sales growth in the past one year.

7) Aruba Networks

Aruba Networks, Inc. is a networking vendor selling enterprise wireless LAN and edge access networking equipment.?The company has over 1200 employees and is headquartered in Sunnyvale, CA. Aruba's core products are access points (APs), mobility controllers, and network management software through their Airwave?Management Platform product.

It has 31 % sales growth on average in the last three years and 44% sales growth in the last one year.

8) Riverbed technology

Riverbed Technology is a technology company that specializes in improving the performance of networks and networked applications.?Riverbed's flagship product is the Steelhead Appliance, a networking appliance that combines several techniques to optimize data traffic and bandwidth utilization across a wide area network.

It has 31% sales growth in average three years with 24% sales growth in the last one year.

9) Cognizant Technology Solutions

Cognizant Technology Solutions Corp. is an American multinational provider of custom information technology, consulting and business process outsourcing?(BPO) services. It has recent year sales growth as high as 33% with average 3 year sales growth of 33%.

10) Shutterfly

Shutterfly?is an Internet-based social expression and personal publishing service.?Shutterfly Studio is a computer application for organizing and editing digital photos. Studio is a free download from Shutterfly and is available for Windows XP, Vista, 95 and NT. It earns the number 10 spot of this list with last year sales growth as high as 54 % and 30% average sales growth of the last three years.

Source: http://www.bloggingehow.com/2013/01/top-10-fastest-growing-tech-companies.html

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