Yahoo seeking up to $500 million for small business unit

Yahoo hopes to get up to $500 million for a unit that hosts websites for small companies, after putting it on the market for several months, two people familiar with the matter said.

Yahoo has received interest from corporate buyers and private equity firms, one of the sources familiar with the situation said. It is unclear if any party has made an offer.

But some potential corporate buyers who have looked at the asset in recent months have decided not to bid because they think the price is too high, a second source said.
Last week, Yahoo sold its stake in China's top e-commerce company Alibaba.com for $150 million.

The sources spoke on condition of anonymity because the sale process has not been made public. A Yahoo spokeswoman said the company does not comment on rumors or speculation.

The small business division provides domains, email, Web hosting and other merchant services to customers. Sunnyvale, California-based Yahoo, which posted $7.2 billion in revenue last year, does not break out the unit's performance.

Yahoo prefers to sell to another company rather than a buyout shop, believing that a strategic buyer would be more likely to pay a higher multiple for the synergies that the unit has with its own business, the sources said. Do you think this post is informative??Share this:
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Sun Microsystems losing US$100m a month

Sun Microsystem Inc is losing about US$100 million a month as European regulators delay approving his company's US$7 billion purchase of the struggling hardware maker.

Sun's revenue has tumbled since April when Oracle agreed to buy the world's No. 4 computer server maker in April as rivals IBM and Hewlett-Packard Co have poached customers amid uncertainty about its future.

Oracle has pledged to boost investment on development of Sun's products,but the hardware company has cut spending prior to the deal's closing as sales have plunged. Last month it reported a quarterly loss of US$147 million.

- Reuters

Will this means the end of Sun?? Let's wait and see..

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UOB plans to sell insurance unit

United Overseas Bank Ltd (UOB) of Singapore is selling its life insurance unit, according to sources involved in the auction in an effort to shed a non-core division and raise up to US$500 mil in the process.

The move shows a pick-up in confidence among executives seeking to divest business and high lights the continued interest of Western firms looking to tap Asia's growing personal wealth.

Sources said HSBC was advising SOuth-East Asia's second biggest lenger on the sale of the business, known as UOB Life Assurance.

Pruduential Plc was among the global insurer, has also shown interest in UOB Life. Great Eastern the largest insurance group in Singapore and Malaysia, dwarfing UOB Life with S$45 bil in assets and 3.8 million policyholders in both countries.

The auction comes at a time when global insurance companies are seeking to expand their networks in fast growing regions such as Asia..

- Reuters


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Delta in talks on big stake in JAL

Delta Air Lines, the world's biggest carrier is in talks to invest in Japan AIrlines Corp (JAL) and become its top shareholder.

The report said Delta was in talks to invest several talks to invest several tens of billions of yen in Asia's largest airline by revenue.

JAL is forecasting a net loss of 63 billion yen (US$692 mil) for the year to March, hit by the global economic slump.

-Reuters


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Pertamina, Petronas get rights to drill

JAKARTA - PT Pertamina and Talisman Energy Inc won rights to drill for crude oil and natural gas in Indonesian areas as SOuth-East Asia's biggest crude producer seeks new reserves to replace aging fields.

Pertamina and partner, Petronas Carigali Overseas Sdn Bhd won the rights to jointly develop West Glagah Kambuna block off the coast of Sumatra. Talisman's unit won the rights to develop the Andaman III field.

- Bloomberg



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Possible Opel sale

German Finance Minister said General Motors CO's decision on a possible sale of its German Opel unit will be driven mainly by GM's business interests which may have changed after the company's situation improved since March.

Decision are being taken based on the 'very narrow business interest of GM'

- Bloomberg


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US imports and exports increased

The US trade deficit was probably little changed in July as imports and exports both grew, signalling a revival of commerce as the global slump eased, economists said before this week.
The gap between imports and exports increased 1.5 % to US$27.4 bil from US$27 bil the prior month, according to the median of 63 estimates in a Bloomberg News survey ahead of the COmmerce Department's Sept 10 report.

Rising demand for US-made goods from trading partners such as China, Mexico and the European Union is combining with domestic stimulus measure to help pull the economy out of arecession. With prediction the US economy will grow at an average 2.1 % rate in the second half ot his year, imports will probably climb further. The US$26bil trade deficit in May was the smallest since November 1999.

Import prices probably rose 1% in AUgust from the prior month, lebd by oil and other commodities.

- Bloomberg

Is it really a sign of recovery? Will US trading increased ?

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Icon in your product

I think most of us know about the importance of icon in the product.
Using an Icon can identify your brands. It is important to ensure your customer easily remember your brands and become loyal ... There's another way to make an icon to your brands

1. Using celebrity in product is an expensive way to do but it works. Customer who're the celebrity fans will try the product.
2. Create your own icon. Look at McDonalds that use ROnald Mc Donald as their brand. It is easy to recognize and their competitor such as KFC using their own icon.
3. Tagline icon. It is also a useful way to create icon. Nike used 'Just Do It' and becoming more popular...


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AIG to Sell Fund Unit

- American International Group Inc., the insurer bailed out by the U.S. government, agreed to sell its external fund management business to Richard Li’s Pacific Century Group of Hong Kong for about $500 million.

The purchase price for AIG Investments consists of a cash payment of approximately $300 million at closing, plus additional future consideration based on future performance and a continuing share of carried interest, New York-based AIG said in a statement.
AIG has already announced sales of some $9.3 billion of assets to help repay U.S. Federal Reserve loans extended as part of the firm’s $182.5 billion bailout.

The portions of AIG Investments up for sale managed about $114 billion of client assets, including stocks, bonds, and investments in hedge and private equity funds, when UBS AG started an auction for the unit earlier this year. The assets under management have declined since then.

Li, the son of Li Ka-shing, Asia’s richest man, is chairman of PCCW Ltd., the Hong Kong phone company.

The auction of AIG Investments attracted earlier interest from Franklin Resources Inc., the San Mateo, California-based fund manager, and Macquarie Group Ltd., Australia’s biggest investment bank, and New York-based Crestview Partners LP.
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Toshiba bid for Areva unit

Toshiba Corp plans to bid for French nuclear group Areva's power distribution and transmission equipment unit, four sources with direct knowledge of the situation said, in a deal that could cost it more than US$ 5 billion,

The sources said Toshiba planned to participate in the bidding on Sept 18.Toshiba, which runs a far-flung electronics conglomerate, is banking on power generation for growth as it reins in investment in its recession-hit computer chip business

But the health of Toshiba's balance sheet is uncertain following a $5 billion capital hike in May, and its presence as the first foreign suitor for the up-for-sale business might sit uneasily with French government efforts to promote national industrial champions.

Areva has put its transmission and distribution (T&D) business on the block and is seeking to sell 15 percent of the group's capital to fuel its nuclear expansion plans. The government will play a major role in both decision for the 91-percent state-owned firm, already a global leader in nuclear technology.
Toshiba's shares fell 2.3 percent after news that it might bid broke.
- Reuters..


Source Pic : Homotron

bid

SOurce pic :- Scied

What is Areva??

AREVA (Euronext: CEI) is a French public multinational industrial conglomerate that is mainly known for nuclear power; it also has interests in other energy projects. It was created on 3 September 2001, by the merger of Framatome and Cogema (now AREVA NC). Its main shareholder is the French-owned company CEA, but the German company Siemens also retains 34% of the shares of AREVA's subsidiary, AREVA NP, in charge of building the EPR Reactor, an advanced Generation III+ nuclear reactor.[1]

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IMF revises forecast upwards

Before this I've write about IMF says economy is recovering . Now in this news, The IMF has revised upwards its forecast for economic growth this year and next in major industrialised economies and worldwide, according to a document obtained by Reuters.

They forecast the world economy will shrink by 1.3 % in 2009, a shade less than its earlier forecast of 1.4 % contraction, before growing by 2.9 % in 2010, revised up from the 2.5% it expected in April 2009..

- Reuters

Not good news.. Hope our economy still growth..

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Intel raises sales forecast

Intel is still growth and maybe make profit in this years.


Aug. 28 (Bloomberg) -- Intel Corp., the world’s biggest chipmaker, raised its sales forecast for this quarter, adding to evidence that personal-computer demand is recovering.

Third-quarter sales will be at least $8.8 billion, Intel said in a statement today. That compares with at least $8.1 billion the company projected last month. The company also increased its gross-margin forecast for the period.

Intel joins computer-industry companies including Dell Inc. and Hewlett-Packard Co. in predicting a recovery, and has credited consumers in Asia for a rebound in PC orders. The increase bodes well for the technology industry because Intel is a barometer for spending, said William Kreher, an analyst at Edward Jones & Co. in St. Louis.

“Consumers are driving the strength and the relative strength in PCs,” said Kreher, who recommends buying the shares and doesn’t own any. “We do have an expectation that 2010 will bring renewed demand from the corporate sector as well.”

Intel, based in Santa Clara, California, advanced 78 cents, or 4 percent, to $20.25 at 4 p.m. New York time in Nasdaq Stock Market trading. The stock has gained 38 percent this year.

Analysts predicted sales of $8.57 billion, according to the average estimate in a Bloomberg survey. Sales were $10.2 billion in the third quarter of 2008.

Source :- Bloomberg

Maybe there's still big demand on computer that make Intel raises sales forecast while the competitor still struggling. But it still forecast, maybe it happen maybe not..

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IMF says economy is recovering

The report from International Money Funds (IMF) forecast the global economic recovery has started. It also noted, however, that sustained improvement will require continued structural changes to correct global imbalances.
The IMF said that Asia must be re-oriented toward increased consumption, while the United States needs to move toward exports,. IMF Chief Economist Olivier Blanchard also cautioned that potential economic output may be lower than it was before the global financial crisis. "The turnaround will not be simple," Blanchard wrote in the report. "The crisis has left deep scars, which will affect both supply and demand for many years to come."

Full release : IMF website

This IMF report maybe give impact to world economy. The positive is when the IMF believes the global economy is recovering . It can ending the world's longest and worst global contraction since the end of World War II. .Can we trust IMF??

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Increase in home sales

A good news for home developer and broker for US market..

August 14, 2009, USA TODAY
By Stephanie Armour, USA TODAY

Home sales rose in most of the country in the second quarter compared with the first, a trend driven by falling prices, lower interest rates, and a tax credit for first-time home buyers.

The sales increase is viewed as a positive sign that the struggling housing market is showing more signs of stabilization, even though foreclosures continue to escalate.

Existing home sales rose 3.8% to a seasonally adjusted annual rate of 4.76 million units in the second quarter from 4.58 million units in the first quarter, according to the National Association of Realtors (NAR). That is still 2.9% below the second quarter of 2008.

"We're seeing a growing percentage of metropolitan areas (with home sales) up over the year, which is impressive," says Joel Naroff, with Naroff Economic Advisors. "We're seeing growing strength in a variety of areas across the country."

But foreclosures are rising, and that's pulling down home prices. Foreclosure filings were reported on 360,149 properties in July, according to a RealtyTrac report today. That's an increase of nearly 7% from the previous month and a jump of 32% from July 2008.

Thirty-nine states saw sales increases from the first quarter, and sales in nine states were higher than a year ago. Washington, D.C., showed both quarterly and annual rises.

Double-digit gains in sales between the first and second quarters were seen in Idaho, Utah, New Mexico, Washington, Hawaii, New York, New Jersey, Maine, Vermont, Wisconsin, Indiana, South Dakota and Montana.

"This data suggests that the recovery is broadening," says Lawrence Yun, chief economist with NAR. "Low interest rates and the tax credit (for first-time home buyers) are beginning to pull buyers back into the market."

But prices on existing homes are continuing to fall. The national median price for single-family homes was $174,100 in the quarter, which is 15.6% lower than during the same period last year.

The largest sales gain between the first and second quarters was in Idaho, up 67.5%, followed by Hawaii, up 24.2%. New York was up 22.3% and Wisconsin's sales rose 21.7%.

"It's important to see the growth because of the volume (of homes) out there," says Pat Lashinsky, CEO of ZipRealty. "We're seeing inventory come down and the market come back into equilibrium."


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Retailers See Slowing Sales in Back-to-School Season

Stock analysts at Citigroup are predicting a decline in back-to-school sales for the first time since they began tracking the figures in 1995. They estimate August and September sales at stores open for at least a year — known as same-store sales — will fall 3 to 4 percent, compared with an increase of nearly 1 percent in the same period last year.

The National Retail Federation, an industry group, expects the average family with school-age children to spend nearly 8 percent less this year than last. And ShopperTrak, a research company, predicted customer traffic would be down 10 percent from a year ago.

“This is going to be the worst back-to-school season in many, many years,” said Craig F. Johnson, president of Customer Growth Partners, a retailing consultant firm.

Many analysts consider the season to begin in mid-July; sales numbers for that month are out already, and they were poor. Same-stores sales fell 5 percent compared with last year, according to the International Council of Shopping Centers, an industry group. Figures out this week from the government showed that overall retail sales in July were down 8.3 percent from the same month last year.

Back-to-school sales in July were hurt because many states moved their sales tax holidays out of July and into August. This month, retail sales should get a lift from those tax holidays. Still, the council expects August same-store sales to decline 3.5 to 4 percent compared with last year.

A report this week by IBISWorld, a research company, found that back-to-school spending would fall in nearly every category compared with last year: clothing, down 5.4 percent; footwear, down 4.4 percent; and electronics, down 1.8 percent. Sales of traditional school supplies like notebooks and pencils are expected to be about the same as last year.

Retailers typically do some of their biggest business during the back-to-school shopping period, also considered to be an early predictor of the holiday shopping season. If the forecasts turn out to be right, this could be another tough holiday period.


Source :- New York TImes

It ain't good news for retailer in this situation. It is the worst back to school sales.

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Sony to challenge Amazon

In a further challenge to Amazon, Sony will switch its electronic book store to an open system that will let customers read a wide range of materials on the company’s e-readers.

Sony’s store will then be useful for people with multiple types of e-readers.

“Our intention is to lead by example,” said Steve Haber, boss of Sony’s digital reading business unit.

Sony introduced several new models that hit shelves later this month (both will support the new open format) and cut the prices of e-books on its online store to increase pressure on Amazon. This latest move will also lure more customers to its devices and its bookstore, the company hopes.

E-readers cost at least several hundred dollars, and some customers consider them a serious purchase worthy of consumer-review research and planning. Amazon and Sony hope that once a customer starts out with one of their devices, they’ll keep coming back the rest of their lives out of customer loyalty or even just inertia.

Source :- San Francisco Business Times

Will Sony beat Amazon? Let's see while Apple want to join the market too.

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W.T.O. Rules Against China’s Limits on Imports

HONG KONG — The World Trade Organization gave the United States a victory on Wednesday in its trade battle with China, ruling that Beijing had violated international rules by limiting imports of books, songs and movies.
The W.T.O. panel decision in Geneva buttresses growing complaints from the United States and Europe that China is becoming increasingly nationalistic in its trade policies. It also offers some hope that China will remove its restrictions on media and reduce rampant piracy of intellectual property, though the country can appeal.

Also, because of piracy, Chinese consumers are so accustomed to paying very little for DVDs, or downloading movies or songs free on the Internet, that American movie companies already sell authorized DVDs of their movies for much less in China than in the United States — and still struggle to find buy

Source : - NYTimes

All of we know that China is one of most popular place for pirate DVD so it is no use to import to CHina.. Maybe W.T.O has some idea..

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France and Germany Lift European Economy

FRANKFURT — The European economy bounced back with unexpected strength in the second quarter after contracting sharply at the beginning of 2009, data released Thursday showed, offering the clearest evidence yet that a searing recession is drawing to a close.

The economy of the 27-nation European Union shrank at an annual rate of 1.2 percent in the three months that ended in June, while the 16 countries that use the euro, the common European currency, registered an annualized 0.4 percent decline in economic activity during the period. That contrasted with a shrinkage at an annual pace of 1 percent during the same period in the United States.

Despite being in negative territory, the European data underscore a sharp recovery from the first quarter of this year, when both the E.U. and the euro zone saw a 2.5 percent contraction, or a 10 percent annual rate. Underlying the surprisingly strong reading were solid performances in France and Germany, both of which grew by 0.3 percent in the second quarter, compared to the first, government data showed Thursday.

Germany, Europe’s largest economy, will still probably see its gross domestic product contract by about 6 percent for the full year, economists say. But the surprise expansion — most economists had expected a flat or slightly negative reading — underscores how German exporters are benefiting from growth in Asia and what may be a bottoming of the downturn in the United States.

Source :- http://www.nytimes.com

This will help Euro economy recoveries in such a short time. How about British?? Will they fall or growth?

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What is Money Laundering ?

I've read about the article about internet Gambling Payment Processor Charged With Bank Fraud, Money Laundering and Illegal Gambling Offenses. I thought that many of individu has been cheated about this money laundering scheme. It is illegal on some of country to make money laundering.. Some of them using a pyramid scheme to recycle the money..

What is Money Laundering?

Money laundering is the practice of disguising illegally obtained funds so that they seem legal. It is a crime in many jurisdictions with varying definitions. It is a key operation of the underground economy.

You can get tips about money laundering at money laundering.com

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Professional' beggars earning up to £200

Wow.. What a business. Beggars can earning up to £200.. It is easy money and good business. Maybe you want to try.. Read the article..


The sight of a person in tatty clothes begging on the street is enough to elicit money from many well-meaning passers-by.

But, it was claimed last night, some 'beggars' could be office workers with homes who are topping up their salaries by earning £200 a night from donations.

Employees are said to be returning from their day jobs and dressing up in rags to spend their evenings pocketing spare change.

One office worker with a 9 to 5 job said she planned to use the money earned by begging outside cash points and shops to pay for a new kitchen in her flat.

Last night, police warned that growing numbers of people were turning to professional begging to stave off the recession by earning hundreds of pounds tax-free a night.

Officers in Leicester have launched a crackdown after discovering that none of the 20 beggars they had cautioned in the last fortnight was homeless.

Sergeant Adrian Underwood said some beggars could earn up to £200 on a Friday or Saturday night.


Source From Dailymail

Wow.. Isn't it good business. In this economy down this is perfect job to earn more money.. No internet, no knowledge.. Just go to people without shy..

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McDonald's Rise in Sales

The McDonald’s Corporation said Monday that sales at stores open at least a year climbed 4.3 percent in July as the nation’s biggest hamburger chain benefited from budget-conscious consumers.
The company, based in Oak Brook, said that sales at American stores open at least a year climbed 2.6 percent because of new products, including McCafé espresso-based coffee.
European sales surged 7.2 percent, helped by growth in France and Britain. Sales for Asia Pacific, the Middle East and Africa rose 2.1 percent, as strength in Australia helped offset weakness in China. Longer operating hours also increased sales.

McDonald’s sales at restaurants open at a year, also called same-store sales, are a key indicator of performance because they measure growth at existing restaurants rather than newly opened ones.

Total sales declined 0.3 percent because of currency translation.
Many companies that sell their products abroad convert sales from foreign currencies back to dollars when reporting financial results. When the dollar is stronger than those currencies, it results in fewer dollars in revenue.

McDonald’s results have benefited from consumers trading down to cheaper meal options in the recession, but its second-quarter profit declined 8 percent because of the stronger dollar and a year-ago gain. Results a year ago benefited from a better economy and stimulus checks, the company said.

McDonald’s, which has at least 32,000 restaurants worldwide, plans to release August sales on Sept. 9.

Source :- NYTimes


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China Everbright Bank Earns $497 Million

- China Everbright Bank Co., the Chinese lender preparing for an initial public offering, said it earned 3.4 billion yuan ($497 million) in the first half after expanding credit by 32 percent.

Revenue totaled 11.7 billion yuan in the first six months, the Beijing-based company said in a statement on its Web site late yesterday, without giving any comparison figures. Everbright Bank had net income of 6.5 billion yuan in the first half of 2008, according to an earlier statement.

Everbright Bank, the nation’s 11th-largest by assets, raised $1.7 billion last month in a private placement to boost its capital adequacy ratio to above the 10 percent regulatory minimum. The lender, whose public offering in Shanghai has been delayed for more than a year, said in June its capital ratio may have dropped below 9 percent after paying its first dividend in six years.

The company advanced 148 billion yuan of new loans in the first half, taking the total to 616.5 billion yuan as of June 30. Deposits gained 27 percent to 792.1 billion yuan, it said today. Non-performing loans accounted for 1.42 percent of total advances by the end of June, down 0.58 percentage points from a year earlier.

Source : - Bloomberg

Great achievement for China Everbright Bank. Even on this economy they still get high income..

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Small business still struggling

NEW YORK (CNNMoney.com) -- While Washington talks up the importance of small businesses and their vital role in economic recovery, small business owners remain caught in a credit maelstrom.

Bank lending is down, credit card interest rates are up, and the country's largest small business lender, CIT Group (CIT, Fortune 500), is hanging by a thread. The top small business credit card issuer, Advanta, shut its accounts down indefinitely.

As President Obama approaches his 200th day in office, here's a look back at his promises and programs intended to help small companies pull through the recession.

The rescue plan
In October, then-candidate Obama issued a campaign paper calling on the Small Business Administration to take emergency measures to assist small businesses endangered by the financial crisis. The three-part plan called for the SBA to increase the loan guarantee it offers banks that make qualifying small business loans, to reduce the fees it charges lenders, and to lend more money directly to small businesses through its Disaster Loan Program.

Two of those three measures were included in the Recovery Act that Obama signed into law in February. The SBA's loan guarantees rose to 90% -- if a business defaults, the government pays the bank back for the guaranteed portion of the loan. The agency also temporarily reduced or eliminated the fees it charges for its loan programs.

Those measures were intended to induce lenders to issue more SBA loans. According to Karen Mills, the SBA's administrator, the recipe worked. The SBA's weekly loan volume is up 45% since the stimulus bill passed, compared to the seven weeks immediately prior.

But the program wasn't a fix-all. The SBA is backing more loans than it was before the Recovery Act, but less than it did before last fall's financial meltdown. For the most recent quarter, ended June 30, SBA's main lending program issued 30% fewer loans than it did in 2008 and 55% fewer loans than it did in 2007.

Obama's third proposal, calling for direct lending from the SBA, was axed from the final version of the stimulus bill. But many small businesses have expressed their support for a program that would allow them to bypass the banks and receive loans directly from the government.

"In the '70s, we could go to the SBA and get a loan with money that was funded [directly], rather than the guarantees from banks," says Clarence McGill of Cincinnati, who owns Integrated Solutions and Services, a facilities management firm, with his son. His 43-person company is doing well but can't grow without a line of credit. McGill has had to skip making bids on lucrative contracts because he can't find a bank willing to offer the financing his firm would need to fulfill the contract.

"Direct lending would definitely be beneficial because there would be no bank risk criteria," he says. "Just like the government deals with GM and Chrysler, the government can say, 'We see a possibility that you may fail, but we'll take chance.' Banks don't say that.

SOurce :- CNNMoney

It's not good. Can Obama proposal rescue small business and US economy???

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US Postal Office may be closed?

The Postal Service has assembled a list of nearly 700 offices that may be closed or consolidated. That's out of a total of 32,741 post offices across America. The list of possible closures has been sent to the independent Regulatory Commission for review, "and officials say more may be added." The news, while not exactly a surprise, still sent searches soaring on everything from "post office closures" to the service's official website for the straight scoop.
Though the postal service has not made any final decisions, the substation at Hollins University may be the one to close in this area. They do the least amount of business, in terms of walk-in traffic.

It is not good. post services is still relevant for customer but knowing about increase of cost operation maybe they just need to close some of their office..
Do your post services will shut down?? Let's check the list here

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Yahoo to ship 400 employer to Microsoft

Another news about Microsoft Yahoo deal

As a part of the Microsoft-Yahoo search deal, about 400 Yahoos will soon start working for Microsoft instead.
SAI's Dan Frommer unearthed the news in Yahoo's SEC filing on the deal yesterday:

Microsoft will hire no less than 400 Yahoo employees and will pay them competitively. The companies will also agree on a retention plan to keep those 400 and an additional 150 Yahoo employees to help in the transition.

What will it be like, moving from a bleeding-purple Silicon Valley startup made-good to the corporate empire that is Microsoft? We don't know.
The software maker will also hire 150 of Yahoo's staff to assist with the transition, Yahoo said in a Securities and Exchange Commission filing.
Source :- BusinessInsider

It is means Yahoo finished or maybe just change knowledge??

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RBS Sells Some Asian Assets

HONG KONG — The Royal Bank of Scotland sold parts of its Asian assets to Australia and New Zealand Banking Group on Tuesday for $550 million, a move that helps the stricken British lender to raise much-needed cash and allows ANZ to considerably raise its exposure to Asia.

ANZ, one of Australia’s four largest banks, is buying RBS’s retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam.

The purchase will give it access to 54 branches, $3.2 billion in loans and $7.1 billion in deposits serving about 2 million clients, and represents what ANZ called a “stepping stone” in the regional expansion strategy that sees it deriving 20 percent of its earnings from Asia by 2012.

The units “complement ANZ’s existing businesses across Greater China, Indochina and South East Asia and provide our franchise with further growth momentum,” said Mike Smith, ANZ’s chief executive, in a statement.

The acquisition is also the latest example of a financial institution in the Asia-Pacific region snapping up assets put up for sale by troubled U.S. and European institutions that were hit by the financial crisis that began to crystallize in 2007.

Source :- http://www.nytimes.com

LONDON (Dow Jones)--Shares in Royal Bank Of Scotland Group PLC (RBS) climbed 3.1% Tuesday after it confirmed it had raised $418 million from the sale of some of its Asian operations and said it was in advanced talks about the sale of its businesses in India and China.

The bank said overnight that it has agreed to sell retail and commercial banking operations in Taiwan, Hong Kong, Singapore, and Indonesia and its institutional businesses in the Philippines, Vietnam and Taiwan to Australia & New Zealand Banking Group Ltd. (ANZ.AU).

Shares in RBS were up 1.4 pence, or 3.1%, to 48 pence at 0817 GMT, the leading gainer on the FTSE 100. RBS has been among the hardest hit by the credit crunch and global recession and its shares have lost more than two-thirds of their value in the last year.

Source : - http://online.wsj.com

Another selling assets on this year. Maybe its time for Australia and New Zealand to gain more reputation on Asia..

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U.S. Has ‘Many More Months’ Before Full Recovery

President Barack Obama said it will take “many more months” for the U.S. to fully recover from the recession as employers continue to shed jobs.

The president said in his weekly address on the radio and the Internet that yesterday’s government report on the gross domestic product showed the recession was “even deeper than anyone thought” when he took office in January. The stimulus legislation passed by Congress in February and measures to stem home foreclosures have helped stem the slide, he said.

“Important steps that we have taken over the last six months have helped put the brakes on this recession,” Obama said. “But history shows that you need to have economic growth before you have job growth.”

Obama is putting the economy back at the forefront of his remarks to the public as polls show it remains the top concern of Americans. Next week he’s heading to Elkhart, Indiana, for an event focused on his economic policies. Obama said earlier this week that the U.S. “may be seeing the beginning of the end of the recession.”

The Commerce Department reported yesterday that the gross domestic product shrank at a 1 percent annual pace in the second quarter, less than forecast, after a 6.4 percent drop in the first three months of the year. The economy has lost 6.5 million jobs since the recession began in December 2007, and economists surveyed by Bloomberg this month forecast the jobless rate will exceed 10 percent by early 2010. The Labor Department is scheduled to release the July unemployment rate Aug. 7. The June rate was 9.5 percent
- SOurce Bloomberg.

It is food news for US bussinessman.. Hope US economy will recover soon coz there's more opportunity if US econ stabil..

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New or takeover business

I just think to write about new or takeover business..
There's a debate at my workplace about the method in business..
Whether create a new business or takeover same modelling business. There's a pros and cos in the method. It is the pros and cons about the method.

Pros
1. New Business
- It is easy to manage the new busines. You can plan exactly from beginning and no where the process of the business..
2. Takeover Busines
- There's a setting for the business. No more plan from beginning. It save more times.

Cons
1. New Business
-It is hard to start with 0. You must manage and work hard to plan, setting organization and more..
2. Takeover Business
- You don't know whole process. Sometimes there's a hole in the organization left by former owner.

How about your opinions?? I think there's many idea can create by your opinion.. Do you think this post is informative??Share this:
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Philips buy coffe machine maker Saeco

Holland most established electric consumer, Royal Philips Electronics NV has bought Italian espresso machine maker Saeco International Group SpA.

Saeco, the Europe's largest maker of espresso machines were sold around Euro 170 million. Philips will pay the company's creditors the entire EURO 170 million with an additional EURO 30 million due 'dependent on certain conditions'.
- AP..

Another takeover in this years.. Maybe Saeco can't afford the debt they have ...

Pic from Trinacoffesystem. Will Philips stay with Saeco name or change to more Holland name?/ Do you think this post is informative??Share this:
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Microsoft and Yahoo vs Google

Whoa.. There's a collaboration between Microsoft and Yahoo to challenge Google..
Under the 10-year agreement, Yahoo will use Microsoft’s Bing search engine on its Web sites, the companies said today in a statement. Yahoo, in turn, will sell ads that appear next to those Web-search results and the companies will share the revenue.
Microsoft, the world’s largest software maker, is seeking more users for Bing, which has about an eighth of Google’s market share in the U.S., according to research firm ComScore Inc. Yahoo spurned Microsoft’s offer to buy it outright last year for as much as $47.5 billion. Microsoft Chief Executive Officer Steve Ballmer has said an ad deal would help both companies, and Yahoo CEO Carol Bartz said in May that talks were under way.

“This agreement comes with boatloads of value for Yahoo,” Bartz said in the statement. In a May speech she used the word “boatloads” to describe the amount of money she would require to sell Yahoo’s search business.

The agreement may disappoint some investors, because it doesn’t include an upfront payment to Yahoo, said Jeff Lindsay, an analyst at Sanford C Bernstein & Co. in New York.

“Everyone was counting on an upfront payment,” Lindsay said.

Source :- Bloomberg.com

This is such a huge upset of online advertising on the internet.. I think it is because the Google profits is about 65% share while Yahoo and Microsoft together just hold about 28 percent on the market.. Maybe there's some real competition for Google with the collaboration between the competition. But I think Google can cope of it...

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Best Article I read this week

Today I read busines blog article that is interesting to share.. Let's see...

1. 10 Craziest Way People Make Money from BusinessPundit.. You must read it coz there's some weird success business.. Maybe we don't ever think about it..
2. Top 10 Social Network for Entrepreneurs by Mashable. There are a number of social resources to connect with other entrepreneurs and get your business ideas off the ground. I think this is good resources for any small business to connect their business..
3. 10 Great QUote From 10 Great Business People from Prevential. Inspirational quote for busines..

That's all.. Maybe next week I'll get another article..

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US Home sales rise

Sales of new homes in the United States posted their largest monthly gain in nearly eight years in June, the government reported on Monday, a sign that the housing market is bottoming as buyers take advantage of lower prices.

The Commerce Department reported that new single-family home sales rose 11 percent in June, an increase that dwarfed economists’ expectations of a 3 percent increase. The pace of home sales rose to a seasonally adjusted rate of 384,000 a year, the highest level since November.

As sales rose, median prices of new homes continued to fall, slipping to $206,200 from $232,100 in June a year ago.

It is good for US home industry. In this year home industry in very bad position.

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Oil demand rise in 2010

What a news..
LONDON/NEW YORK (Reuters) - World oil consumption will rise for the first time in two years in 2010 as a recovery in the global economy boosts demand, according to a Reuters poll of top oil-tracking analysts and organizations.

But the expected increase of 1.1 percent worldwide is unlikely to drain away all the excess supplies, despite the slow growth in production outside the Organization of the Petroleum Exporting Countries.

Oil demand is predicted to rise by 900,000 barrels per day (bpd) to 84.9 million bpd in 2010, the poll of nine forecasters found. World demand has fallen by 2.5 percent since hitting 86.2 million bpd in 2007, as the dual impact of high prices and the economic crisis cut consumption.


The steep drop in demand saw oil prices crash from record highs of almost $150 a barrel last summer, to below $40 a barrel at the turn of the year.

Since then prices have risen back to around $70 a barrel after the OPEC producer group tightened supplies. Prices have also found support from investors betting demand could start to outpace supply growth in years to come.

SOURCE :- Reuters

Demand rise ?? I hope there's more alternative energy found.. It can help us to save.. But for oil company, it is good that they can increase the prices.

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Obama touts healthcare plan for small businesses

WASHINGTON (Reuters) - President Barack Obama said Saturday that Democratic plans to revamp the U.S. healthcare system would benefit small businesses, an argument that quickly drew criticism from his Republican opponents.

Obama is trying to build more public support for a broad healthcare overhaul after action stalled in the U.S. Congress this week and polls showed many Americans were skeptical about the $1 trillion program.

A major part of the healthcare debate has centered on small businesses, which are responsible for much of the hiring in the United States.

Democratic plans would require many small businesses to provide insurance for their employees or face a penalty. Some small-business owners worry that will add a punitive cost at a time when they are struggling to rebound from the recession. - REUTERS

It is a good opportunity because healthcare business is growth .. Using bio-tech will make healthcare business easy.. I think this is the positive announcement from Obama..

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Economy Stays Sluggish

Revenue at 143 companies in the S&P 500 reporting this week, many of them bellwethers for the American economy, fell on average 10 percent from a year ago, according to Bloomberg data. Seventy managed to top the analysts’ consensus for sales, while 107 did so for earnings per share.

The economy probably declined 1.5 percent in the three months ended June 30, marking the fourth straight drop and the longest such streak since quarterly records started in 1947, according to the median of 66 economists in a Bloomberg survey.

“The real theme is the divergence between earnings and revenues,” said Steven Ricchiuto, chief economist at Mizuho Securities USA Inc. in New York. “We know companies are cutting costs at a record pace, and that is helping earnings. But you can’t keep on shrinking your way to profitability. Eventually, you do damage to your end users. You have to get revenues up to have a sustainable upturn.”

Industrials led the sectors in earnings surprises, with 19 of 23 firms that reported during the week posting profit higher than analysts projected.

Caterpillar, the world’s largest maker of bulldozers, reported 72 cents in per-share earnings excluding some costs, more than triple the average estimate of 22 cents. It also raised its full-year forecast, saying stimulus programs are starting to support global demand.
- Bloomberg

Not a good news for us, .. It shows that economy not stabil but we as a bizman must go on ..

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Ericsson to acquire Nortel

Ericsson AB will buy the wireless- equipment unit of insolvent Nortel Networks Corp. for $1.13 billion in cash after beating out bids from Nokia Siemens Networks and MatlinPatterson Global Advisers LLC.

The auction process has been completed, Stockholm-based Ericsson said today in a statement on its Web site. Nortel, led by Chief Executive Officer Mike Zafirovski, is selling off businesses after filing for bankruptcy protection six months ago.

The division supplies mobile-phone systems based on the code-division multiple access standard used by many North American networks. The unit also includes gear based on long- term evolution technology, supported by the two biggest U.S. phone companies, that will power Web-equipped phones.

Licensing LTE technology to handset makers may be worth as much as $2.9 billion in royalties during the next 15 years, based on Nortel’s own predictions, JP Morgan Securities said last month. The standard’s future significance probably helped attract the variety of bidders, Monga said.

Research In Motion Ltd., the maker of the BlackBerry phone, also expressed interest in acquiring the Nortel business. The market for so-called smart phones like the BlackBerry, on which you can watch videos and surf the Web, grew 13 percent in the first quarter as the mobile-phone industry overall shrank, according to researcher Gartner Inc.

At least 2,500 Nortel employees will be offered positions with Ericsson, Nortel said in a separate e-mailed statement today. U.S. and Canadian court approvals will be sought at a joint hearing on July 28, and the companies will seek to complete the transaction later this year, it said.

Nortel plans to hold a similar auction for its corporate- networking business this quarter. The company agreed to sell the division to Avaya Inc. for $475 million, pending higher bids.

The Toronto-based company, once North America’s largest phone-equipment maker, filed for protection from creditors in the U.S. and Canada in January. Nortel reported a loss of $5.8 billion last year as customers froze spending on new equipment amid the recession.

Representatives from Nortel and Ericsson will hold a conference call for reporters and analysts on July 27. - Bloomberg

This is good buying for Ericsson AB.If the deal is approved, Ericsson will get Nortel's CDMA business, which is the second largest supplier of CDMA infrastructure in the world, and substantially all of Nortel's LTE Access assets giving it a strong technology position in next generation wireless networks. What a business.

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Sony JV with Sharp

A giant electronic consumers, Sony and Sharp will team up in a planned liquid crystal display TV panel. Sony Corp will likely invest more than 100 billion yen. The two companies will finalise plans for the joint venture by the end of July.. - REUTERS

It is such a good cooperation between this 2 big giant electronic consumer. Changing their technology will make better quality for display TV panel. Using jv make easier for one of the co.. But how they cooperate?? They're competitor but can jv.. That's the secret of business that we must learn..

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HSBC being fined

HSBC Holding was fined 3.2 million pound for information security breaches. The lapses include sending confidential data of 180,000 insurance policy holders through the post by unrecorded delivery and leaving customer data in open sacks in a reception area..

The regulator said HSBC firms were careless with personal data which could ended up in the hands of criminals - Reuters

It is strange how Europe biggest bank have this problem.. Why they not aware of the data security of their customers.. What a mess.

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Taiwan aims to build mega resort-casino

TAIPEI - Official in an outlying Taiwan archipelago said yesterday they would build a massive resort casino with investment of at least US 910 million if local voters approve a gambling referendum as early as next month. The Penghu County government has proposed its casino resort on 130 coastal hectares with hotels, duty-free shops, a convention centre and a golf course, said Liu Mei-fan with the county's tourism bureau, which would concession out the land - Reuters.

Gambling is one of richest biz worldwide.. Easy money to get but for me.. i ain't like this biz.. It totally make customers sick.. There no social .. For me, gambling is not a biz..

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Japan's export fall

Japan's exports in June fell by the smallest margin in six months, adding to evidence that global demand is recovering as the recession loosens its grip.

Shipments from the world's second-biggest economy fell 35.7 % from a year earlier, an improvement from a 40.9% decline in May.. Exports have fallen every month since October. As a result of a bigger fall in imports, Japan posted a trade surplus of 508 billion yen , the highest value since March 2008, according to Japan Ministry of Finance.

It's good news for the Japanese economy which relies heavily on the world to buy its cars and gadget. I think they can survive and become more greater powerful country

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Amazon buy Zappos.com

A very shock news.Amazon has reached an agreement to purchase the online shoe retailer Zappos.com. Amazon.com, a popular shopping online website paying for the acquisition with 10 million shares of stock worth approximately $807 million, based on the average closing price for the 45 trading days ended July 17. In addition, Amazon said it would provide Zappos employees with $40 million in cash and restricted stock units.

Watch this video from Amazon CEO,Jeffrey Bezos.


-----------------------------------------------------

Wow.. It is pro and cons from Zappos.com. They get attention from leader online website.

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Best article I've read

Reading an articles is important to gain knowledge about business. New knowledge gather from the website or blog.. Today, I want to share article that make me more confident on business topic this week.

1. 3 Startup Lessons I Know Now, But Wish I’d Known Then - The Article from Small Biz Trends is very informative. There's 3 lessons they share like Offer smaller-ticket items that sell quickly, Don’t waste money on expensive marketing UNTIL you’ve figured out your offering and your brand and Integrate technology deeply into your business. This tips will help to save from wasting money and time..
2. How to start a business with no money - The Article from Erica Douglas give 4 tips the succes of her business.Worked every single day on the business, set goals and hit them, no instant riches and stopped listening to those who told me it couldn’t be done. What a good tips.. It show the positive of author.. It inspire me to setup business with such a small amount..

That's 2 cleared me about how to setup small business.. How about your reading today??
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Pirate business in Somalia

Do you ever heard about Pirate modelling business. Eventhough it's illegal but they must build a system on their workforce..Their operation begins, as with any other start-up business, with venture capital. In Somalia, piracy financiers are usually ethnic Somali businessmen who live outside the country and who typically call a relative in Somalia and suggest they launch a piracy business.

Employee is not a problem for pirate business in Somalia..Somalia is an impoverished and largely lawless country with high unemployment. As a result, there is a huge work force looking for jobs.Once the supplies and employees are ready, the piracy start-up is ready to launch.

Then, finding the right target. They research a month to know that their target is easy to hijack. And they have their professional on the team.. They negotiate with their ransom to get what they want. Mostly they take money.

So, who said that pirates just a dirty for dumb people?? Think again..


This brutal pirates is full of brain and business minded

Picture From :- Opednews.com Do you think this post is informative??Share this:
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Oil rises above $64

SINGAPORE (AP) -- Oil prices broke above $64 a barrel Monday in Asia as strong second quarter company results helped boost investor optimism.

Benchmark crude for August delivery was up 52 cents to $64.08 a barrel by midday Singapore time in electronic trading on the New York Mercantile Exchange. On Friday, the contract jumped $1.54 to settle at $63.56.

Better than expected earnings last week from Goldman Sachs Group Inc., Intel Corp. and JPMorgan Chase & Co. eased some investor doubts about the chances of a U.S. economic recovery this year. Traders will be watching results this week from Apple Inc, Amazon.com Inc. and Microsoft Corp. for further clues about economic growth.

"Sentiment has been helped a great deal by the earnings reports so far," said Victor Shum, an energy analyst at consultancy Purvin & Gertz in Singapore. "If the remaining reports paint an upbeat picture, that could sustain oil."

Oil has bounced from $58.78 a barrel last week after falling from an eight-month high of $73.23 on June 30.

Investors remain concerned about weak crude demand. Rising inventories of oil products, such as gasoline, suggest the recession has kept some U.S. drivers from hitting the road this summer.

"Weak fundamentals should keep a lid on prices," Shum said. "We have a glut of oil products."

In other Nymex trading, gasoline for August delivery rose 1.43 cents to $1.78 a gallon and heating oil gained 1.50 cents to $1.66. Natural gas for August delivery slid 2.5 cents to $3.64 per 1,000 cubic feet.

In London, Brent prices rose 50 cents to $65.88 a barrel on the ICE Futures exchange.

Source :- Yahoo Finance








--------------------

Wow.. I just know that oil prices will effect unrelated to oil company such as Apple and Microsoft.. For businessman this is shows that world economy is growing again..

.

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Google - Microssoft war may bring down PC prices

Yes... It is a good news for us.

Google Inc's bid to compete with Microsoft Corp's Windows operating system may help lower the cost of personal computers at a time when prices are already being pinched by inexpensive netbooks.
Chrome OS, OS that Google created is based on the open-source Linux code, is being designed for all PCs but will debut on netbooks. It will put some pressure on Microsoft coz the prices will be more cheaper.. This price competition could ultimately give a bump to PC makers margin.

SOurce - Reuters

It is such a good news for us as customer.. With this competition the prices of OS will decreased. The competition between this giant company will bring good for customer .. I hope the prices will down soon.

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China soars in Fortune company ranking

Another great news for China.
China firms increased in the annual Fortune 500 list. The Asia powerhouse economy, saw its fortunes rise across the board with a Chinese firm, oil giant Sinopec appeating in the top 10 for the first time. Overall, there's total 37 companies featured on the list, with 9 new entries.
Source :- AFP

Another great achievement. It shows that they will become much more bigger economy powerhouse.. I think within 5 years China will overtake US..

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Starbucks Renames Several Stores

The Seattle Times reports that Starbuck is conducting a test to remove the name and mermaid logo from at least three of its Seattle stores..
The Starbucks corporate logo will be rebranded with the 15th Avenue Coffe and Tea name. THe pilot comes at a time when large casual chains are suffering from sluggish sales and slower foot traffic.

Source Edit :- Yumsugar
-------------------------

It is just a gimmick or really that Starbucks want to change their market.Or rebranding for their store??
Maybe it just involved Seattle or all franchaise worldwide..If yes, then it will make a franchaisor worried ..

There's so many question to answer by them

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Indonesia economy not effected on bombing tragedy

Indonesia’s economy is resilient enough to withstand yesterday’s bomb attacks on the Ritz Carlton and JW Marriott hotels in Jakarta, economists said.
“Terrorist threats in Indonesia are nothing new,” said Johanna Chua, head of Asian economic research at Citigroup Inc. in Hong Kong. “The economic impact will likely be limited.”
A decade of continuous expansion in Indonesia hasn’t been interrupted by six major terrorist bombings since October 2002 as the assaults have done little to harm consumer spending, which accounts for almost two-thirds of the economy. Fitch Ratings said an “isolated incident” wouldn’t impact the nation’s credit outlook.
“As tragic as it is, this isn’t a macro-policy-changing event,” Richard Grace, chief currency strategist at Commonwealth Bank of Australia in Sydney, said of yesterday’s attacks. “I think it’s got a short-term impact.”

Indonesia’s $433 billion economy, the largest in Southeast Asia, grew 4.4 percent in the first quarter from a year earlier, compared with a 6.2 percent contraction for Malaysia and Thailand’s 7.1 percent slump.

Growth could accelerate to “significantly” more than 7 percent if President Susilo Bambang Yudhoyono fulfils his pledge to fix the nation’s congested roads, neglected ports and ageing power plants, according to Joachim von Amsberg, the World Bank’s representative in Jakarta.

The rupiah declined the most in three weeks and stocks dropped after the bombings in the nation’s capital, which killed eight people and injured at least 53 others. The currency slid as much as 1 percent to 10,223 per dollar and the Jakarta Composite Index of shares slumped as much as 2.7 percent.
The bombings in Jakarta don’t represent a credit risk for Indonesia, said James McCormack, head of Asian sovereign ratings at Fitch Ratings in Hong Kong. The nation had foreign-currency reserves of $57.6 billion at the end of June, near the highest since July 2008.


Source - Bloomberg

--------------------------------

The economy of Indonesia maybe not effect much on this tragedy. But for long term, it will effect investor and tourist. The chaos happen will make their income from foreign decreased . I hope that Indonesian government take action about this terrorist tragedy. It will effect their economy soon.

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Nokia cuts profit

Nokia, the worlds top cellphone maker cut its profitability and market share forecast due to tough competition. The second half underlying operating profit margin at its key phine unit at the first half level of 11.3% compared with analysts consensus expectation of 17.4 % in a Reuters..
Nokia also cut its forecast for 2009 market share at its phone business, seeing it now on a par with last year, compared with an earlier forecast a rise.
- Reuters

-- Even Nokia a leaders on cellphone market also cut profit coz an economy down.. Not just economy down. They also must compete with new technology such as Blackberry and Iphone..--- Do you think this post is informative??Share this:
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China's Q2 growth

China gross domestic product grew 7.9% in the second quarters as the country became the first of major economies to rebound from the global recession.
The figure, announced by the statics bereau in Beijing on 15th July 09, exceeded the 7.8% median forecast of 20 economists in a Bloomberg survey and a 6.1% gain in the first quarter that was the slowest in almost a decade.
China now overtake Japan as the world's second largest stock market by value yesterday after a four trillion yuan (US$585bil) stimulus package spurred record lending and boosted share prices..The years growth creat jobs and maintain social stability.
Eventhough this news is good for China economy but there's no guarante it will stable..China still faces difficulties in shrinking external demand, falling corporate profits and declining fiscal revenue. And they still have problem to create jobs.


Source :- Bloomberg

My opinion :-

It is good that China economy is growth.A big population of the country make it hard to solve unemployment problem. Maybe it will take time especially when the economy growth, more investor will come to China. I really think that China will become the world leading economy over the world.

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Introduction

Hello ..

This is latest blog I've build.
I am not a pro in business but I've like to set up a company information related.
My reason to develop this blog is to share knowledge and information about business .
As we know, economy dropped. It effect all the worlds financial. Many company down, even great auto company, General Motor almost bankrupt. I hope using this internet media, we can share the knowledge and improve economy worldwide..

Thanks...

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Privacy Policies

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