01/30/2012 (8:40 pm)

Construction Rises as Architects Show U.S. Nonresidential Bounce - Bloomberg

Filed under: Loans, technology |

Private nonresidential construction may pick up this year, as demand grows for new U.S. projects.

The Architecture Billings Index held at 52 last month, a sign of expansion, according to the American Institute of Architects. The commercial and industrial component — a proxy for private building activity — climbed to 54.1 in December, the highest in 10 months, the Washington-based association said Jan. 18.

The monthly survey of U.S.-based architecture firms is a leading indicator of nonresidential construction, said Kermit Baker, chief economist for the association.

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01/22/2012 (5:04 pm)

Yemen capital’s airport closed by protest

Filed under: Loans, usa |

An official at the main airport serving Yemen’s capital says that protesting troops have closed the runways with armored vehicles, demanding that the commander of the country’s air force be replaced.

The garrison at Sanaa airport’s attached military air base is demanding the removal of Maj. Gen. Mohammed Saleh, the brother of outgoing President Ali Abdullah Saleh, the official says.

He says the Sunday protest has caused two flights to be diverted to the airport at the southern city of Yemen.

Another official at the airport in the southern city of Taiz says troops there have been staging a similar protest demanding the ouster of their commander since Saturday. Both officials spoke anonymously in accordance with regulations.

Yemen has experienced an 11-month uprising against Saleh’s rule.

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01/21/2012 (3:12 am)

Lagarde Joins Warning on Austerity as Leaders Head to Davos - Bloomberg

Filed under: economics, uk |

International Monetary Fund Managing Director Christine Lagarde joined world financial and trade organization chiefs in warning policy makers gathering in Davos, Switzerland next week against fiscal cuts that jeopardize growth.

01/17/2012 (9:08 pm)

Lee reports lower profits

Filed under: technology, usa |

Lee Enterprises Tuesday reported a profit of $14.624 million, or 32 cents per share, for the quarter that ended Dec. 25.  That compares to $18.980 million, or 42 cents per share, in the same quarter of 2010.

The newspaper company, owner of the St. Louis Post-Dispatch, said the year-over-year comparison would be positive if not for refinancing costs and other unusual items.  Excluding such matters, profits would equal 38 cents per share for the recent quarter, compared to 32 cents a year earlier.  

The company filed for bankruptcy last month, submitting a reorganization plan pre-approved by the vast majority of its creditors.  Chief Financial Officer Carl Schmidt said the court will be asked to set Jan. 30 as the date to make the plan effective and conclude the bankruptcy. 

Operating revenue was down 3.9 percent in the December quarter compared to a year earlier payday loans online. Operating expenses were down 5 percent, excluding unusual items, and the work force was down by 7 percent.

As in earlier periods, the company showed sharp gains in digital advertising while print ads, which make up the bulk of its advertising, continued to decline. Combined print and digital advertising was down 6.1 percent. 

CEO Mary Junck said she expects slowly improving revenue trends in 2012.  “Our refinancing agreements, along with our continued strong cash flow, will provide a solid financial footing as we continue reshaping Lee for future growth,” said Junck.

Lee, based in Davenport, Iowa, owns 48 daily newspapers, holds an interest in four others, and owns 300 specialty publications in 23 states.

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01/14/2012 (3:24 pm)

China Pledges Measures to Stabilize Trade - Bloomberg

Filed under: market, money |

China will take measure to stabilize its exports and imports as slowing global growth creates a

01/13/2012 (1:20 am)

Mighty winds force trans-Atlantic fuel stops

Filed under: marketing, money |

Many non-stop flights from Europe to the U.S. aren’t: Unusually high winds are forcing airlines flying west across the Atlantic to make unscheduled stops to take on more fuel.

The conditions are causing inconveniences to fliers who are often missing connections once they land, costing the airlines money to rebook or otherwise compensate their customers.

United Continental Holdings (, Fortune 500), which is operating under both the United Airlines and Continental Airlines brands as it moves to complete its merger, said it diverted 43 out of 1,100 flights in December using the Boeing (, Fortune 500) 757 jet flying from Europe to the United States. A year earlier it only had to divert 12 flights.

Company spokeswoman Megan McCarthy said the winds were typically 30 knots in December the previous decade, but they averaged 47 knots last month, with half the month averaging 60 knots.

The unusually high winds and the flight diversions have continued in the first 11 days of January, she said, although she did not have any statistics.

Other airlines have also been affected. AMR () unit American Airlines said it has happened occasionally on the trans-Atlantic routes on which it uses the 757, although it could not provide statistics.

McCarthy does not have any estimates on costs to the airlines from the high winds, but said most of the costs have been associated with payments to customers free 3-in-1 credit report.

"We have been offering compensation as a gesture of good will when circumstances merit," she said.

The eastbound flights are saving fuel due to the unusually strong tail winds. The high winds have also been associated with an unusually mild start to winter in the United States, which has saved the airlines money as well.

The planes typically land at Gander and Goose Bay in the Canadian province of Newfoundland and Labrador. But other fueling stops have been made in Iceland, Ireland, Nova Scotia, Albany, N.Y., and even Stewart International Airport, only 60 miles north of New York City.

Some larger planes have a longer range and are not having to make as many extra stops to refuel. But the 757, which holds about 169 passengers, is common on trans-Atlantic flights.

McCarthy said it has been used for years by both Continental and United, and was not something that was introduced on the routes as a result of the recent merger of the two carriers. 

Source

01/05/2012 (5:04 am)

Disney and Comcast reach a long-term deal

Filed under: economics, finance |

The Walt Disney Co. said Wednesday that it reached a long-term agreement with the nation’s largest TV signal provider, Comcast Corp., that extends their partnership into the next decade.

The deal covers major pay channels ESPN, Disney Channel and ABC Family and the retransmission of free ABC broadcast network programs through seven ABC TV stations. It allows Comcast subscribers to gain greater access to shows on demand over the Internet on multiple devices.

Terms were not disclosed.

The deal comes as TV distributors and content owners continue to spar over fees to carry programming.

In the New York area, a dispute between Time Warner Cable and The Madison Square Garden Co. has left some cable subscribers without access to Knicks basketball or Rangers hockey games since early in the new year.

Disney and Comcast agreed on the package covering 70 channels or services even though only a few agreements covering ABC Family, Disney Channel and Disney XD had expired at the end of 2011. The companies agreed that a long-term comprehensive deal was in both their interests.

Comcast and Disney called the scope and range of the deal “unprecedented cheap business cards.”

“It reinforces the value of the multichannel subscription and takes full advantage of new technologies, which serve all of our viewers,” said ESPN executive chairman George Bodenheimer in a statement.

The deal incorporates Comcast’s Xfinity TV online suite of programs and gives its 22.4 million video subscribers online access to services such as ESPN3, which offers live feeds of games that are sometimes not on the television network. Comcast subscribers will also be able to watch ABC shows such as “Castle” and “Grey’s Anatomy” on demand, but they won’t have the option of fast-forwarding through commercials.

Comcast also agreed to carry the pay TV channel Disney Junior, a rebranded network focused on children up to age 7 that will replace the SOAPnet channel in February.

Disney shares rose 49 cents to $38.80 in afternoon trading. Comcast shares rose 10 cents to $24.59.

Source

01/02/2012 (12:28 am)

Yemenis rally, demand president face trial

Filed under: legal, online |

Yemen’s opposition on Sunday accused outgoing President Ali Abdullah Saleh of trying to torpedo a power transfer deal by sparking a new crisis, as troops loyal to him clashed with opposition forces, killing three.

The violence was evidence that the president’s signature on a power transfer deal has not ended months of turmoil that have benefited al-Qaida-linked militants.

Sunday’s clashes followed Saleh’s decision not to leave the country, a move likely to embolden his relatives, who control key security posts.

His opponents demand the removal of all of Saleh’s relatives from top security positions. Huge crowds of protesters have called for Saleh himself to be put on trial for the killing of hundreds of protesters, though the power transfer deal gives him immunity from prosecution.

Vice President Abed Rabbo Mansour Hadi told his new national unity government on Sunday, in their first official session, that the power transfer agreement, engineered by Yemen’s powerful Gulf Arab neighbors, must be implemented soon.

“We need to move vigorously and effectively to implement the Gulf initiative and its mechanisms,” he said.

The new government’s first task is to push through the law shielding Saleh from prosecution for alleged corruption and for violence against protesters. Saleh made that a condition for signing the deal to relinquish power after 33 years of rule over the Arab world’s poorest nation.

Yet more than a month after Saleh signed, and after the possibility of his flying to the U.S. was raised, Saleh is still in Yemen, still wielding significant power and showing few, if any, signs of giving in.

Ten months of mass protests and armed clashes between forces loyal to Saleh and his opponents, including army units that followed powerful tribal leaders siding with the opposition, have left a power vacuum. The Yemen branch of al-Qaida, considered one of the world’s most dangerous, has taken advantage of that to dig in to positions in the country’s south, taking over towns and villages.

Yemen’s military fights frequent battles with the Islamist militants but has failed to dislodge them no checking account payday advance.

In the latest skirmish between Saleh backers and opponents, anti-government tribesmen in el-Fardha Nehem region, about 50 miles (80 kilometers) northeast of the capital Sanaa, said two people were killed and two others wounded when Saleh’s Republican Guards, led by his son, shelled their homes.

Opposition spokesman Mohamed Sabri accused Saleh of undercutting security as a way of arguing that he must stay in power.

“This man does not respect his commitments with others,” Sabri said. “Saleh is creating a new crisis.”

In the capital, a civilian bystander was killed when Republican Guard troops clashed with supporters of tribal chief Sadeq al-Ahmar, who was once a regime ally, but defected to the opposition in March, activists said.

Supporters of al-Ahmar and Saleh’s troops exchanged fire in Sanaa’s northern district of Hassaba, according to a security official and witnesses, resulting in the death of the bystander. The official spoke on condition of anonymity because he was not authorized to release the information.

The fighting Sunday ended after the vice president held talks with both sides. He was also able to quell violence in el-Fardha Nehem region.

Large crowds of Yemenis rallied in major cities Sunday, demanding the outgoing president be put on trial for the deaths of protesters.

The U.N. estimates that hundreds of protesters have been killed and thousands wounded since last February, when anti-government protests erupted across major cities.

Tens of thousands marched in the streets of Sanaa, chanting that Saleh “must stand before a judge.” Another large crowd of marchers echoed the chant in Taiz, Yemen’s second largest city.

Activist Fathi al-Hamadi said the “only place for Saleh to go to is the court dock.”

Source

12/30/2011 (6:04 pm)

Thailand

Filed under: houses, marketing |

Thailand

12/17/2011 (6:12 am)

Judge dismisses $1B lawsuit against Microsoft

Filed under: economics, houses |

A federal judge on Friday dismissed a Utah company’s $1 billion federal antitrust lawsuit against Microsoft Corp. after a jury failed to reach a unanimous verdict.

Novell claims Microsoft duped it into developing the once-popular WordPerfect writing program for Windows 95 only to pull the plug so Microsoft could gain market share with its own product. Novell says it was later forced to sell WordPerfect for a $1.2 billion loss.

The trial has been ongoing in Salt Lake City for two months. Jurors got the case Wednesday morning, but by Friday told the judge they were “hopelessly deadlocked.”

They had expressed confusion to the judge about the complicated case throughout deliberations, even bringing one question to the court that could not be answered. The judge told jurors to simply disregard the question.

Earlier Friday, the judge denied a request from one juror to be removed from the case.

Microsoft lawyers have argued that Novell’s loss of market share was its own doing because the company didn’t develop a compatible WordPerfect program until long after the rollout of Windows 95. WordPerfect once had nearly 50 percent of the market for word processing, but its share quickly plummeted to less than 10 percent as Microsoft’s own Office programs took hold.

Microsoft co-founder Bill Gates testified last month that he had no idea his decision to drop a tool for outside developers would sidetrack Novell. Gates said he was acting to protect Windows 95 and future versions from crashing.

Novell could have worked around the problem but failed to react quickly, he said.

Novell has argued that Gates ordered Microsoft engineers to reject WordPerfect as a Windows 95 word processing application because he feared it was too good.

Novell’s lawsuit is the last major private antitrust case to follow the settlement of a federal antitrust enforcement action against Microsoft more than eight years ago. The trial began in October in federal court in Salt Lake City.

Novell is now a wholly owned subsidiary of The Attachmate Group, the result of a merger that was completed earlier this year.

Source

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