Panasonic predicts a record loss

by Source of Article on February 5, 2012

Panasonic exhibition Panasonic has been hit by the strong yen

Japanese electronics giant Panasonic has forecast a record annual net loss of 780bn yen ($10.2bn; £6.3bn) for the year to March.

The poor result is being put down to the strong yen, flooding in Thailand and acquisition costs.

It comes after rivals Sony and Sharp predicted combined losses of $6.7bn.

Panasonic posted a net loss of 333.82bn yen for the nine months to December, compared with a 114.7bn yen profit a year earlier.

For the third quarter it posted a net loss of 197.6bn yen.

The figures were worst than analysts had been expecting.

Panasonic and other Japanese exporters are being hit by the strong yen, as well as competition from foreign rivals such as South Korea’s Samsung.

The Japanese firm is the world’s fourth-largest television manufacturer after Samsung, LG Electronics and Sony.

Shares in Panasonic have fallen by 45% in the past year and hit their lowest close in more than 30 years on Thursday

Article source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-16866864

{ 0 comments }

Darden Restaurants, Inc. (DRI)

by Source of Article on February 5, 2012

Brought to you by eLearners.com

Article source: http://articlefeeds.nasdaq.com/~r/nasdaq/categories/~3/HkOyFxzF2s0/darden-restaurants-inc-dri-bear-of-the-day.aspx

{ 0 comments }

Latin banks could become M&A targets (BCA, CIB, ITUB)

by Source of Article on February 5, 2012

Brought to you by eLearners.com

Article source: http://articlefeeds.nasdaq.com/~r/nasdaq/categories/~3/rTMbMv2c0kg/latin-banks-could-become-ma-targets-bca-cib-itub.aspx

{ 0 comments }

BT fibre optic ‘game changer’ vow

by Source of Article on February 5, 2012

BT trialistToby Parkins of UK NetWeb was one of those who tried out BT’s new fibre service in St Agnes, Cornwall

Fibre optic broadband connections of up to 300 Megabits per second will be available on demand in 2013, BT says.

That is three times the maximum 100 Mbps speed the company currently offers using the technology and it described the development as a “game changer”.

According to Ofcom the current UK broadband average is 7.6 Mbps.

BT said it hoped to create a “mass market” for high speed broadband among small and medium sized businesses following trials in Cornwall.

The company made the announcement following successful trials of so-called fibre to the premise (FTTP) in St Agnes.

“By December 2014, two-thirds of the country will have access to ultra-fast fibre if they want it” said Mike Galvin of Openreach, part of the BT group.

The firm plans to roll out the system starting next year.

Costly connections

Optical fibre links to street cabinets are widespread, but the connection from cabinet to premises is in most cases copper cable, limiting the speed of the connection.

FTTP will require a fibre-optic connection to the premise from the street cabinet to be installed.

But that may not mean digging up the road.

“It could be overhead, might be on a pole, might be in an existing ductwork,” Openreach’s Mike Galvin told the BBC.

But connection will come at a price. BT said the installation fees will most likely be in the high hundreds of pounds, possibly more.

What individual customers will have to pay will depend on whether companies who provide broadband connections, such as ISPs, pass them on to consumers.

Spending on speed

Installing a high-speed connection at a price is not in itself innovative, but BT believes the new product is a significant development.

“If you had the money you could have had your own private plane as well, and that’s the difference – you are making something that was previously a high-end product and you’re bringing availability to the mass market,” Mr Galvin said.

He added that the FTTP system was “future proof” allowing BT to upgrade as still faster technologies were developed.

“There are technologies coming up which will give speeds up to 1 Gigabit per second (Gbps),” he said.

BT said the roll out was enabled by changes to the way they use their network.

“We’ve re-engineered and re-looked at how we do fibre in our local network,” Mr Galvin said.

“We think this is an absolute game changer. Overnight you’ve gone form a network that’s got the potential to do 80 Mbps across two thirds of the country to a network that on demand can do 300 Mbps.”

At present the company only offers FTTP for the areas around 14 exchanges.

Changing commitments

Some rivals have accused BT of cutting back on previous commitments – namely dropping a target for the percentage of properties with fibre to the door.

Branson and BoltVirgin recently announced they were doubling broadband speeds

However, BT said it still planned to spend the same £2.5bn on fibre, and that in cases where the fibre only went up the cabinet, premises would soon be able to get 80 Mbps speed.

A spokesman told the BBC, “Before this development FTTP was going to be available in a relatively small subset of our fibre footprint. This development means it can be available in the whole of our fibre footprint.”

The government wants 90% of UK businesses to be connected to super-fast broadband by 2015.

The announcement of BT’s new product follows news of high-speed offerings from rivals.

A Virgin Media spokesman said: “We’re about to boost the speeds for millions of people yet again with our doubling upgrade and the introduction of 120 Mbps.

“Having successfully proven 1.5 Gbps on our network last summer, Britain’s broadband is moving in the right direction.”

Article source: http://www.bbc.co.uk/go/rss/int/news/-/news/technology-16870464

{ 0 comments }

An Important Update on my $100,000 Portfolio

by Source of Article on February 5, 2012

The stockmarket continues to grind higher. And you can give the
U.S.economy the tip of the cap for the recent gains. Recent data
points imply that the incipient economic strength we saw last fall
has continued into 2012. If this trend remains in place, then the
economically-sensitive stocks in my $100,000 real-money portfolio
will surely benefit.

Ford (NYSE:

F

)

is a great example. Though I recently
took stock of a subpar fourth quarter

, I also think many investors underestimate the rising demand for
cars and trucks. Ford saw its sales rise 7% in January (compared
with a year ago), in line with the industry’s growth rate. And if
the full year’s sales grow at this pace, then Ford is
well-positioned to meet or exceed 2012 estimates — assuming Europe
doesn’t fall off a cliff. The fact that Europe is inching closer to
a resolution of its various crises could also boost results as
European consumers feel comfortable enough to purchase new cars and
trucks again.

Perhaps one of the best data points around to gauge theeconomy ‘s
health is thespot price of aluminum, which appears to have bottomed
out at around $0.91 a pound in early January, but recently moved
back up above $1.
Alcoa (NYSE:

AA

)

and other aluminum stocks have responded in kind, though they
remain far below levels seen last spring. The Dow Jones U.S.
AluminumIndex has moved above its 100-daymoving average , abullish
sign.

To push aluminum prices higher, the industry’s key players are
showing great discipline. Alcoa announced a series of production
cuts in January, and just this week (Jan. 30), Russia-based United
Co. Rusal announced plans to trim its output by roughly 5% in the
next 18 months. These cuts are in tandem with moves by China to
further curtail its aluminum output this year. This could help push
aluminum prices back to $1.10 or even $1.15 a pound, which explains
why I think Alcoa’s stock
will likely post solid gains this year

.

The stock is already up 20% this year, but at a recent $10.40, it’s
well below the52-week high of $18. Frankly, investors should brace
for a slow climb, so a return to the $18 mark might still be a year
or two away.

[block:block=16]Yet investors also need to brace themselves for a
bumpy ride when it comes to some stocks. For example, LED lighting
(light-emitting diodes) prices continue to drop, which sets the
stage for a possibleearnings shortfall for
Cree (Nasdaq:
CREE

)

. The fact this stock is already up 23% in 2011 makes me anxious.
All of these gains could be disgorged if Cree indeed delivers a
subpar quarter. Still, I love this company’s long-term positioning
and don’t intend to trade in and out of this stock based on
short-term gyrations.

As for my other portfolio holdings, here are some other key events
to watch in the coming month:


Hasbro (NYSE:

HAS

)

will deliver a more detailedquarterly report this coming Monday,
Feb. 6. A week after that, I will be meeting with the company at
the annual New York Toy Fair, which the company uses as a platform
to discuss its goals for the coming year.

• On Friday, Feb. 10, battery maker
Exide Technologies (Nasdaq:
XIDE

)

will release quarterly results. This will be a nail-biter. If Exide
delivers yet another bad quarter, thenshares could quickly fall
back to the52-week low of $2.34 (from a recent $3.60). Yet if
results are at least decent, then the stage could be set for a
sharp rebound in the stock in the coming quarters.

•  The following Tuesday, Feb. 14, we’ll hear from
Zipcar (NYSE:

ZIP

)

, which appears to have posted a solid quarter. It’s not a
seasonally-important period — Zipcar does the bulk of its business
in the spring, summer and fall — but investors want to see that
all of the operating metrics are still moving in the right
direction.

Action to Take –

More than half of my $100,000 allotted to this portfolio is now in
play. As I get closer to being “fully-invested,” it may be time to
cull certain names from the portfolio to raise fresh cash. (So make
sure you
don’t miss a single update

.) It’s crucial to always have cash in reserve, as great
opportunities arise unexpectedly, and it’s no fun to lack the funds
tocapitalize on them.

– David Sterman

P.S. — We’re making David Sterman’s $100,000 Portfolio
available at no cost, but only for a limited time. As a
StreetAuthority.com reader, you’re getting the first look at my
best picks. If you have any questions or comments, feel free to
send me your feedback.

David Sterman does not personally hold positions in any
securities mentioned in this article. StreetAuthority LLC owns
shares of AA, F, CREE, HAS, ZIP, XIDE in one or more if its “real
money” portfolios.

Article source: http://articlefeeds.nasdaq.com/~r/nasdaq/categories/~3/e_P98I52pK8/an-important-update-on-my-100000-portfolio.aspx

{ 0 comments }

Get Adobe Flash playerPlugin by wpburn.com wordpress themes