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.

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