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








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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
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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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