Top Failed Banks

Throughout U.S. history, bank failures have generally occured during economic downturns. Recently, the credit crisis has taken bank failures to a whole new level. Previously, the largest bank failure in terms of assets stood at $40 billion. Now, the largest bank to fail had assets of over $300 billion.I'll take a look at the seven largest bank failures in U.S. history, from the savings and loan crisis in the 1980s to the present day credit crisis.

Washington Mutual became the largest U.S. bank to go under in 2008, as it succumbed to a severe financial crisis. Washington Mutual is currently the largest bank failure in U.S. history, unceremoniously taking the crown from Continental Illinois National Bank and Trust. The FDIC seized Washington Mutual's assets and brokered a deal to have JPMorgan acquire the failed bank for $1.9 billion.At the time of seizure, Washington Mutual had total assets of $307 billion and total deposits of $188 billion.

IndyMac Bank, based in Pasadena, CA., was closed on July 11, 2008, as it was not able to withstand a bank run coupled with an eroding loan portfolio. IndyMac was one of 25 banks closed in 2008 due to problems stemming from the credit crisis. As of July 2008, IndyMac had total assets of $32.01 billion and total deposits of $19.06 billion. Interestingly, Fed authorities with the Office of Thrift Supervision (OTS) pointed the finger at Sen. Charles Schumer for sparking the bank run on IndyMac with his public comments on the company's viability.

In 1981, Continental Illinois National Bank and Trust was the 6th largest bank in the U.S. and had the country's largest commerical and industrial loan portfolio. The bank collapsed in 1984 due to a significant increase in losses stemming from its nonperforming loans, which it had acquired from Penn Square Bank. At that time, Continental had assets of $40 billion and the FDIC felt the bank was too large to be allowed to fail. In addition to giving guarantees to depositors, the FDIC infused billions of dollars to recapitalize the bank.

First Republic Bank was the largest bank to fail during the savings and loan crisis in the 1980s. The bank failed in 1988 with total assets of $33.4 billion. At that point, First Republic was the most costly failure in U.S. history as it cost the FDIC $3.9 billion.Deterioration in the Texas real estate market and significant increases in nonperforming loans caused depositor confidence to plummet, leading to a bank run on the company. This bank run was termed an "electronic run" on First Republic because many depositors were using wire transfers and automatic teller machines to withdraw their deposits.

Amid the massive number of failures during the 1980s savings and loan crisis was the failure of American Savings and Loan, one of the biggest savings and loan companies to go under at that time. Based out of Stockton, CA., American Savings and Loan had assets totaling $30.2 billion, and the significant cost to resolve the bank amounted to $5.7 billion for the FDIC.

The Bank of New England (BNE), along with its two sister banks, Maine National Bank and Connecticut Bank and Trust, failed on January 6, 1991. The failure was considered significant enough that the FDIC decided to insure all deposits even if they exceeded the $100,000 insurance limit.At the time, the BNE was the 33rd largest bank in the U.S., and including its sister banks, it had assets totaling $21.8 billion and deposits totaling $19 billion. As with most bank failures, a bad loan portfolio triggered BNE's downfall.

In March 1989, MCorp failed due to pressures from a falling real estate market and poor economic conditions. MCorp had a concentrated loan portfolio in energy and real estate, and losses from those loans pushed MCorp into insolvency. At the time of failure, MCorp had total assets of $18 billion, and the final cost for the FDIC to resolve this bank amounted to $2.8 billion. Notice that the cost is a large percentage of MCorps assets, which highlights the poor quality of those assets.

CAN SLIM Method: Stock Picking & 4 Solid Long-Term Companies

The CAN SLIM Method

Here are the basics of William O'Neil's CAN SLIM method . If you really want to cut to the chase, skip this and go straight to the CAN SLIM picks below:

C: Current earnings - Was the most recent quarter one where profits grew, ideally by 20% or more?

A: Annual earnings - Are earnings for the last twelve months at least 25% better than the prior twelve?

N: New - Is there new management, a new product or a new technology supporting growth?

S: Supply and demand - Are there persistently more buyers than sellers of the stock?

L: Leadership - Is this stock outperforming its peers, and at least in the top 20%?

I: Institutional sponsors - Have institutions like fund companies and pensions put a stamp of approval on the stock by owning it? A good stock needs at least three major institutional owners.
M: Market - Since most stocks move in tandem with the market, is the broad market at least modestly on the rise?

Current CAN SLIM Picks

Like I said, if you're a stickler on CAN SLIM's requirements, you're not going to find any stocks worth owning right now. If you're OK with just using the spirit of the criteria though (primarily the leadership and income growth requirements), and adjust for the current environment, you can indeed find some nice picks.


A.H. Belo Corp. (NYSE:AHC): This newspaper/television company hasn't been profitable on a trailing 12-month basis, a swing to a profit is anticipated for 2011.

Miller Industries (NYSE:MLR): Last quarter's revenue growth topped triple-digits despite a luke-warm rebound in auto sales (Miller makes car-haulers), and after four solid earnings beats, there's no reason not to expect more mega-growth.

Standex International Corp. (NYSE:SXI): This industrial machinery maker rebounded nicely following the recession. Oh, things weren't easy for Standex - the company lost 18 cents per share in fiscal 2009. That was book-ended, however, by income of $1.55 per share in 2008 and a profit of $2.25 per share in fiscal 2010. 2011 is looking even better.

Thermadyne Holdings (Nasdaq:THMD): Slice it however you want to - this welding-product maker more than quadrupled per-share earnings (year over year) in Q2, or is on pace for record-breaking earnings year in 2010.

Economic Conditions Snapshot, September 2010

Two years after the economic crisis, executives’ confidence has returned—albeit tenuously—suggesting a better ability to cope with and manage economic volatility.

Two years after the collapse of Lehman Brothers, 51 percent of executives who responded to our most recent survey say the world economy is in recovery; 58 percent say so about their own countries. Most expect corporate profits to rise this year from their level in 2009, and 38 percent expect to hire by the end of the year—the greatest share expecting to hire in the near term since before the crisis.

Even if companies are coping with the new economy, the results also indicate that executives’ confidence is tenuous. For example, more expect economic conditions to improve than not, but fewer say so now than did earlier this year. Notably, the share of respondents expecting better conditions in six months is lower than it was a year ago: 55 percent now, compared with 61 percent in September 2009. Furthermore, optimism on the current state of the economy compared with six months earlier started to fall in June and has taken a sharp dive in the past month. Compared with August, 10 percentage points fewer say the economy is better now. The slide is particularly notable in North America, where the share of respondents who say conditions are better has fallen 16 percentage points.

Among the lasting changes that executives say the downturn has produced in their organization are greater attention to changes in markets, improved risk management, and much stronger consciousness of costs. More than half of respondents have changed the criteria they use to make capital-investment decisions, most by applying more rigorous due diligence. Notably, though, most respondents don’t expect permanent changes in their companies’ workforce size or geographic location.

Getting used to trouble?

Executives’ economic hopes rose consistently from the depth of the crisis in January 2009 through December of that year but began to falter in February 2010; now, just over half expect better conditions six months from now (Exhibit 1). From January of last year until this June, the share of survey respondents who said that current conditions were better than they were six months earlier continued to grow; that figure remained stable in August but has now fallen (Exhibit 2).

The biggest decline in the share saying current conditions are better is in North America, after a smaller drop between June and August. The sharp drops, largely in the United States, came as growth slowed and high levels of unemployment persisted.

Despite executives’ increasing unhappiness with current conditions over the past month, the share of survey respondents expecting economic improvement has remained stable, and 81 percent expect their countries’ GDP to improve this year compared with last year. Earlier this year, executives’ views on current conditions continued to improve even as their hope faltered. But that has switched; now circumstances are almost reversed. This may simply indicate that executives have grown somewhat used to a more volatile economy.

Companies coping

Executives’ expectations for their companies’ performance have remained fairly stable; the share expecting demand to increase is identical to that for August, and the share expecting increased profit is nearly the same. Further, that 70 percent expect higher profits now, compared with 42 percent a year ago, suggests that companies are learning to manage successfully in an uncertain economy.

One crucial element of adaptation for companies, it seems, is how they assess risk. Since September 2008, 57 percent of respondents say their companies have changed the criteria by which they make capital-investment decisions, and nearly 70 percent of those say the change has been more rigorous due diligence. Furthermore, although two-thirds of respondents say their companies are not postponing or failing to pursue capital invest-ments or M&A that they would normally consider to be good growth investments, among those that aren’t investing, 59 percent say the reason is that they’ve adopted a more conservative risk profile. Similarly, when asked about the downturn’s lasting effects, many respondents refer to risk management, cost management, or conservation of cash.

Another finding that suggests companies are coping, if cautiously, is that 38 percent expect to increase the size of their workforce by the end of this year. This is the highest share expecting to hire since before the crisis. Respondents across all regions expect hiring to be up; those in high tech, telecommunications, and manufacturing are the likeliest to say their companies will hire. In addition, respondents at small and large companies are equally likely to say their companies will hire, though 23 percent of those at large companies expect continued decreases in workforce size.

What’s holding companies back from hiring? Respondents at those companies cite uncertainty about the level of customer demand more often than any other reason, with 42 percent choosing it. Also, 35 percent say they’ve streamlined operations to cut positions. That choice is consistent with another finding: 39 percent of respondents say their companies’ response to the economic downturn was a permanent reduction in workforce size, and 32 percent say they’ve permanently reconfigured the geographic location of their workforces.

Finally, the results show that respondents can imagine circumstances in which their companies would significantly boost hiring or make a significant capital investment within the next year. In both cases, the most frequently chosen scenario is an unexpected opportunity to expand in a new market: 59 percent of respondents say this would prompt their companies to hire, and 49 percent say it would prompt capital investment.

Managing public-sector productivity

Governments around the world are running up huge national debts in response to the crisis, causing concern about expenditures; one result has been significant reductions in public-sector workforces. Our surveys have reflected that over the past year, though this survey’s results indicate some degree of stability: most public-sector respondents—60 percent—expect their department to remain the same size, up from half of them a year ago. Only 11 percent expect further decreases.

Nonetheless, public-sector executives responding to this survey overwhelmingly indicate that they have felt pressed to improve their personal productivity: 45 percent say they’ve felt significant pressure, and a further 35 percent report some pressure. They also indicate that their departments have taken certain helpful managerial steps, including managing performance more effectively (chosen by 44 percent), reorganizing people or structures (41 percent), and streamlining processes (40 percent). Only 10 percent say their departments have sought to increase productivity with outsourcing or utilizing public–private partnerships.

A final note

One respondent to this survey describes the downturn’s lasting effect on his company as providing “clarity . . . that even with an excellent business model, prudence is best.” That sums up many other executives’ comments and, indeed, many of the answers to this survey. After two years, it appears that at many companies, ongoing economic uncertainty is being balanced with more rigorous planning and execution of everything from daily operations to M&A. Many companies are smaller, and, at many, morale is damaged. Nonetheless, survey respondents seem to see better times—or at least stronger financial results—ahead.

Hardly Growing Earnings: Turkish Banks

2010 was a year when interest margins tightened sharply on the back of faster repricing of IEAs due to maturity imbalances between assets and liabilities which weigh on top line revenues. It was the significant improvement in asset quality trends that enabled Turkish banks compensate for the pressure at the NIM level and net earningshiked 10% y/y in the first ten months of the year. NIM tightened 119bps q/q and NII declined 11% as 26% y/y loan growth could not off-set the NIM shrinkage.

Heading into 2011, the banking environment could even be more challenging as; (1) NIM should tighten further in 2011; (2) cost of risk would normalize; and (3) trading gains will vanish. Put into other perspective, 2011 could a the year when efforts to generate credit volume expansion intensifies further so as to compansate for the pressure at the NIM level and could also be a year when policies to further improve cost efficiencies become even more evident.

Aflac to Present Live, Online at RetailInvestorConferences.com on May 5th

Company invites Main Street and Wall Street investors to attend interactive real-time virtual conference

NEW YORK May 2, 2011 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) the insurance company that helps employers offer their workers a financial safety net at no direct cost to their businesses, has been declared a World's Most Ethical Company for a fifth consecutive year, today announced that Delia Moore, Investor Relations Manager, will present at RetailInvestorConferences.com.

DATE: May 5th, 2011

TIME: 4:00 PM EDT

LINK: www.retailinvestorconferences.com > Click the red "register/ watch event now" button.


This will be a live, interactive online event where investors are invited to ask the company questions in real-time both in the presentation hall as well as the company's "virtual trade booth." If attendees are not able to join the event live in real-time, an on-demand archive will be available for 90 days.

It is recommended that investors pre-register to save time and receive event updates.

About Aflac Incorporated:

When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For more than 55 years, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the number one provider of guaranteed-renewable insurance. In Japan, Aflac is the number one insurance company in terms of individual insurance policies in force. Aflac insurance products provide protection to more than 50 million people worldwide. For five consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In addition, Forbes magazine has named Aflac as one of America's Best-Managed Companies in the Insurance category. In 2011, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the thirteenth consecutive year and included Aflac on its list of Most Admired Companies for the tenth time. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com.

A copy of Aflac's Financial Analysts Briefing (FAB) supplement for the first quarter of 2011 can be found on the "Investors" page at aflac.com, along with a complete listing of Aflac's investment holdings in the financial sector and a separate listing of the company's investments in perpetual securities.

About RetailInvestorConferences.com:

RetailInvestorConferences.com, created by BetterInvesting (NAIC), PR Newswire and MUNCmedia, is the first monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with retail investors using a graphically-enhanced online platform.

Designed to replicate the look and feel of location-based investor conferences, Retail Investor Conferences unites PR Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail investor audience network and MUNCmedia's sophisticated retail investor targeting.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" to encourage companies to provide prospective information, so long as those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. We desire to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by company officials in communications with the financial community and contained in documents filed with the Securities and Exchange Commission (SEC).

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Stocks coming off down week:

NEW YORK (AP) — It was a down week for stocks. Wall Street is hoping for better this week as earnings reports pick up.

In Friday trading, the Dow rose 57 points to close at 12,342. The S&P 500 index was up 5 points to 1,320. The NASDAQ composite added 4 points to 2,765.

For the week, the key averages were down between 0.3 and 0.6 percent.

WORLD MARKETS

Asia markets higher on US economic news

BANGKOK (AP) — Asian stocks were mostly higher Monday, shrugging off yet another anti-inflation move by China after encouraging news about the U.S. economy.

Japan's Nikkei 225 index eked out a marginal gain of less than 0.1 percent after opening lower. Hong Kong's Hang Seng rose 0.2 percent, while South Korea's Kospi slid 0.5 percent. Australia's S&P/ASX 200 added 0.3 percent.

Benchmarks in Singapore, Thailand, the Philippines and New Zealand were also higher. Mainland China's Shanghai Composite Index rose 0.3 percent. Taiwan's TAIEX was down slightly.

OIL PRICES

Oil near $109 as US gasoline prices jump

SINGAPORE (AP) — Oil prices fell to near $109 a barrel Monday in Asia as gasoline jumped to average $4 a gallon in six U.S. states and the District of Columbia, raising fears higher fuel costs will undermine crude demand.

Benchmark crude for May delivery was down 58 cents at $109.08 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.55 to settle at $109.66 on Friday.

In London, Brent crude for June delivery was down 33 cents to $123.12 a barrel on the ICE Futures exchange.

ECONOMY-WEEK AHEAD

Reports on housing among those due

WASHINGTON (AP) — The week is fairly light for economic reports. A reading is due today from the National Association of Home Builders on builder sentiment. Tomorrow, the government weighs in with housing starts for March. Also due this week, existing home sales, new unemployment claims and the index of leading economic indicators.

NABE SURVEY

Poll: US economy improving despite global events

WASHINGTON (AP) — Economists say the U.S. economy is gaining strength despite political unrest in North Africa and the Middle East and last month's devastating earthquake and tsunami in Japan.

A survey from the National Association for Business Economics finds that economists are hopeful that the broader economy is substantially improving, with rising employment reported for the fifth quarter in a row.

The outlook for employment rose slightly, reaching a 12-year high. No firms reported significant layoffs, with the only reductions coming from already planned cuts.

Sales increased for the third consecutive quarter, profit margins continued to improve and the number of economists whose firms increased spending over the previous quarter held steady. Nearly all of the 72 economists surveyed, about 94 percent, now expect the economy to grow at least 2 percent in 2011.

GAS PRICES

6 states and nation's capital now at $4 gas

WASHINGTON (AP) — Six states and Washington, D.C., now have gasoline prices averaging more than $4 per gallon.

Triple-A says New York State joined the list yesterday, which also includes Alaska, California, Connecticut, Hawaii and Illinois.

The next states could be Michigan, which has gas for $3.95 per gallon on average, and Indiana, where the average price is $3.94. Nevada, Washington and Wisconsin are close behind.

Hawaii has the highest price in the U.S. at $4.48 per gallon. Wyoming has the lowest, at $3.54.

The national average for gas has increased for 26 straight days, and is now at $3.83 per gallon.

Read more Top

New Tool to Ease the Life of the Online Business Entrepreneur

Online Business entrepreneurs can now find the perfect .co.uk or .com domain name – thanks to a new free tool from web development company, Bird and Co Creative. The new domain tool is the fastest way to check if a domain is available. With thousands of new businesses starting up in the UK every month, this tool will be vital to many business entrepreneurs.

A website’s domain name is recognised as an essential piece of a company’s branding. The best names can change hands for thousands or even millions. One of the most expensive transactions was in 2009 when the domain name insure.com changed hands for a staggering $16 million.

Many popular terms have already been registered as domain names. So people setting up a new business often find it difficult to find the name that they want. In the past, checking to see if domains were free was a frustrating and time-consuming process. But that has now changed. With Bird and Co Creative’s domain tool it is possible to check the availability of domains instantly. As fast as a person can type, it is checking to see if the domain name can be registered.

The tool can be accessed by visiting the following web page:
http://www.birdandcocreative.co.uk/domainchecker/

The tool was created by the web developers at Bird and Co Creative, Bromsgrove. As Online Marketing Manager Paul Ajao explains “We initially developed this tool to be used in-house, as we create many online campaigns for our clients. Everybody that used it thought it was outstanding, so we decided to make it generally available.”

In today’s economic climate, there are thousands of business entrepreneurs looking to set up an online business. Some people are taking their redundancy money and using it to invest in themselves - they start an online business rather than just wait for another job to become available. The domain tool will help them create a branded website that will give them the best chance of success.
source:http://www.webwire.com/ViewPressRel.asp?aId=132907

‘Social Media for Business’ – Online Course for Marketers Launched by Oxford Learning Lab

‘Social Media for Business’

Facebook and LinkedIn, are heralding an enormous change to the way businesses market themselves. But are marketers keeping up with the important changes? Oxford Learning Lab, an independent digital publisher that works with renowned marketing experts, is launching a new online marketing course that illuminates how social media can work as a marketing tool for any business. Released to coincide with the launch of Oxford Learning Lab’s revamped website, the course - ‘Social Media for Business’ - is based around high quality video content and downloadable course notes. It is perfect for busy people and affordably priced.

Aimed at professional marketers, marketing students and marketing consultants who wish to increase their knowledge base, the social media course, 'Social Media for Business' provides high quality, flexible learning, round the clock, for the fraction of the cost of an instructor-led course and has the benefit of being eligible as Continuing Professional Development (CPD) for marketers.

All course videos feature highly trained marketing professionals, including authors of popular marketing books, and most of the speakers are collaborating with The Chartered Institute of Marketing. The product is endorsed by Oxford College of Marketing, one of the largest providers of The Chartered Institute of Marketing courses.

Giorgio Burlini of Oxford Learning Lab comments: “The user bases of social media such as Twitter, LinkedIn and Facebook have grown enormously in the last year or so and have become the biggest global channels to market. Businesses are winning work from Twitter and LinkedIn, while Facebook has become a vital advertising medium as well as a channel for direct customer communications. It’s important for marketers to understand the many applications and benefits offered to business by social media in engaging customers as well as benchmarking and measuring activities, and planning ahead with quantifiable, achievable objectives.”

P.L.A.Y. Launches New Business and Website Geared Toward Pet Owners

San Francisco retailer of unique dog beds presents a new option for environmentally conscious and fashion-forward pet owners.San Francisco, CA (Vocus/PRWEB) February 14, 2011

New online retail business P.L.A.Y. (Pet Lifestyle and You) just passed a successful one-month mark in its business, offering pet owners across the US and Canada an affordable, artistically-designed alternative in designer dog beds.

"We can honestly say that we love what we do, and starting this business is one of the best decisions we've ever made. Well, besides getting our own dog, of course," said William Chen, founder and owner of P.L.A.Y. "We've taken that love we have towards our pug and created products that dog-lovers everywhere can appreciate in terms of design, environmental-friendly materials, washable construction and price."

Recognized for its ergonomic construction made with recyclable fill materials, P.L.A.Y. makes designer beds for pets of all sizes. From small beds to extra large dog beds suitable for breeds up to 110 pounds, there is a wide selection of designs and styles, with more in the works.

After solidifying its online ecommerce store, P.L.A.Y. plans to work with brick and mortar retail stores nationwide to allow consumers to physically see and test its products before buying. With quality products and fashionable designs, P.L.A.Y. anticipates expanding into the international market to carve out its own reputation for excellence and care.

"We offer something that is unique," said Chen. "We understand that dog owners want to give the best to their furry friends, so we make that possible at a great price, which is different from many of our competitors. You can get an environmentally-conscious dog bed that is fashionable, made with quality construction and still affordable-all in one pet-friendly package."

About P.L.A.Y.
P.L.A.Y. (Pet Lifestyle and You) began with the mission to create the perfect dog bed for Momo, the pug belonging to P.L.A.Y. owner and founder William Chen. Collaborating with a manufacturer of infant and children products for the ultimate standard in safety and comfort, the company paired with San Franciscan designer David Collins to offer aesthetically pleasing, top quality designs. Each pet product is made with recycled materials, making P.L.A.Y. dog beds great for the environment, your pet and your interior design.

House Republicans lead charge to reduce regulations

WASHINGTON — House Oversight Committee Chairman Darrell Issa gaveled Thursday's hearing to order with two posters displayed behind him: "How do regulations block private sector job growth?" asked one. "We're listening," promised the other.

The problem, said Democrats on the panel, is whom the committee is listening to: business owners, their lobbyists and conservative think tanks who came with a built-in bias against federal health and safety regulations.

"We need to expand the scope of our inquiry to include the benefits of regulation, as well as the costs," said Rep. Elijah Cummings, D-Md., the committee's top Democrat. "We also need to expand the groups we are seeking input from beyond those who want to repeal regulations."

The oversight hearing was part of a coordinated GOP effort to "expose job-killing regulations." A judiciary subcommittee held a similar hearing Thursday afternoon, followed by floor debate on a resolution requiring House committees to list and review regulations in their jurisdiction.

Rep. Pete Sessions, R-Texas, the resolution's sponsor, said stronger oversight was necessary to "rein in big government and shine light on our federal regulatory process."

Democrats questioned the necessity, if not the goals, of the effort.

"A meaningless gimmick that only wastes time," said Rep. Nydia Velázquez, D-N.Y. "Nothing more than a vehicle to rehash old politically motivated fights," said Rep. Judy Chu, D-Calif. "A feel-good resolution from the Republican majority," said Rep. Nick Rahall, D-W.Va.

President Obama is conducting his own review of regulations. He told the U.S. Chamber of Commerce on Monday that he would work with business leaders to "get rid of regulations that have outlived their usefulness."

Rep. John Tierney, D-Mass., said Congress should "weed out the hyperbole" and look at specific regulations.

Issa, R-Calif., agreed that more work remained to be done but said Congress first needs to raise awareness of the impact of regulations on jobs. "We think what we can be is the canary in the coal mine," Issa told reporters.

"It's easy to rail against regulations in the abstract. It's like railing against taxes," said Nicholas Bagley, a law professor who studies regulation at the University of Michigan. "But it's hard to sell to the American people that we should water down environmental or consumer protection regulations specifically."

Even if Republicans aren't successful in rolling back existing regulations, the effort could make regulators think harder about the costs of compliance.

Brasil Telecom S.A. - Financial and Strategic SWOT Analysis Review

Brasil Telecom S.A. (Brasil Telecom) is a holding company engaged in the provision of telecommunication services. It is principally involved in the business of providing local fixed-line telephone, long-distance services. In addition, the company offers broadband services to customers including fixed line telephone as well as mobile service, free Internet access data and voice, national and international long-distance, data center,


broadband and dial-up internet access. Furthermore, the company also involves in support services through call center. Brasil Telecom offers the package in bundled solutions to private, public and industrial accounts including home, corporate and city.

This comprehensive SWOT profile of Brasil Telecom S.A. provides you an in-depth strategic analysis of the company´s businesses and operations. The profile has been compiled to bring to you a clear and an unbiased view of the company´s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

This company report forms part of the ´Profile on Demand´ service, covering over 50,000 of the world´s leading companies. Once purchased, highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Brasil Telecom S.A., including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).

The profile contains critical company information including*,

- Business description – A detailed description of the company´s operations and business divisions.
- Corporate strategy – Analyst´s summarization of the company´s business strategy.
- SWOT Analysis – A detailed analysis of the company´s strengths, weakness, opportunities and threats.
- Company history – Progression of key events associated with the company.
- Major products and services – A list of major products, services and brands of the company.
- Key competitors – A list of key competitors to the company.
- Key employees – A list of the key executives of the company.
- Executive biographies – A brief summary of the executives´ employment history.
- Key operational heads – A list of personnel heading key departments/functions.
- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

Note*: Some sections may be missing if data is unavailable for the company.

Key benefits of buying this profile include,

You get detailed information about the company and its operations to identify potential customers and suppliers.
- The profile analyzes the company´s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.

Understand and respond to your competitors´ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.
- The company´s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.

Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.
- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.

Scout for potential investments and acquisition targets, with detailed insight into the companies´ strategic, financial and operational performance.
- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.

Gain key insights into the company for academic or business research.
- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.

Small-business optimism in Canada

Sentiment among small- and medium-sized businesses in Canada was down slightly last month, according to a monthly survey.

The Canadian Federation of Independent Business on Wednesday said its "business barometer" for January was 68.9, down from 69.3 in December.

Despite the decline, the CFIB said the results show the rise in optimism that took place late in 2010 has continued into the new year. The barometer spent most of last year in the mid-60s.

The CFIB says scores greater than 50 show most business owners expect conditions to improve over the next year. If the index is between 65 and 75, that's usually indicative of economic growth, it says.

Earlier this week, Statistics Canada said there was a 0.4 per cent expansion in gross domestic product in November, the most economic growth seen in eight months.

The CFIB said the current optimism among small-business owners is showing up in increased orders and intentions to invest in production equipment.

"It appears to be the business-to-business side of the economy that is powering this latest improvement," said CFIB chief economist Ted Mallett.

"After supporting the economy so well earlier in the recovery, the consumer-led sectors have remained in the background."

The strongest business sentiment is being seen in Manitoba, Saskatchewan, Newfoundland and Labrador, and British Columbia. The weakest is in New Brunswick and Nova Scotia.

The CFIB's January business barometer was based on web surveys with 967 businesses. The results are considered representative within 3.2 percentage points, 19 times out of 20.

KC company in forefront of Internet advertising business

The biggest advertising spots on the Internet are household names: Google, Facebook, Bing.

But by pulling together all sorts of digital advertising — from e-mail and search-engine ads to mobile ads and online-game offers — a Kansas City company, Adknowledge, has become the No. 4 digital advertising network.

And it plans to keep growing after announcing in January that it attracted $200 million in new outside financing.

Scott Lynn, Adknowledge’s chief executive officer, said most of the roughly million online advertisers today turned to Google. And heavily trafficked websites such as The New York Times, ESPN and Expedia attract big-brand advertisers.

But “the remainder of the Internet is very, very difficult to advertise with,” he said. “We’re trying to create a single advertiser marketplace for those other segments so that advertisers can go to a single website, enter a credit card number and buy traffic with all of these different companies through a one-stop shop.”

In just six years Lynn’s company has put together those pieces, roughly doubling its annual revenue last year to $300 million.

Its work force has grown to 330, about half of them in Kansas City. Adknowledge also has offices in New York; Los Angeles; San Francisco; Chicago; Fort Myers, Fla.; Britain; and Australia.

The Silicon Alley Insider, a website that focuses on tech business news, last year ranked Adknowledge No. 18, after Hulu and before TheLadders.com, on its list “The Digital 100: World’s Most Valuable Start-Ups.” The report estimated Adknowledge’s value at $900 million.

Some of the building blocks of Adknowledge’s success:

•A huge database of consumer profiles and their interaction with ads, used to predict where businesses should put their ads to get the best response. Adknowledge emphasizes that it does not use “cookies” to follow people online, as some companies do, and that its profiles are anonymous — consumer interactions are not linked to any person’s identity. Adknowledge has more than 60 terabytes — a terabyte is 1,000 gigabytes — of that behavior data and says it runs more than 20 billion calculations a day “to determine what ad to show to each consumer.”

•A sophisticated matching site, bidsystem.com, that makes it easier for advertisers and digital advertising channels to find one another. Adknowledge says more than 10,000 advertisers bid for traffic — to put their ads where they’re most likely to be seen. And the company says it generates “more than 280 million clicks per month” for its advertisers across “multiple channels, including e-mail, display and social advertising.”

•A series of acquisitions in the past two years to expand those channels.

Lynn said the company’s 2009 acquisitions of social media businesses such as Super Rewards (an Internet advertising company that offers points or other rewards to online users who sign up for services) and the media division of Miva Inc., one of the largest independent online advertising networks, supported Adknowledge’s vision of creating a single marketplace for online advertising.

And last summer Adknowledge acquired the Hydra Group, which has thousands of online advertising affiliates — sites that get commissions when the ads they display are clicked, especially if they generate sales or other desired actions, such as requesting information on products or services.

“We currently maintain market leadership positions with our social media and e-mail advertising businesses,” Lynn said at the time of the acquisition, “and believe that Hydra will allow us to achieve the leading position in the affiliate industry.”

Lynn said another factor in Adknowledge’s success was that “a majority of the company is technology-focused,” enabling it to come up with powerful, innovative products such as bidsystem.com and its programming to predict which advertising approach would be most effective for a particular client.

TA Global Acquires Hotel Business In Kushan, China

TA Global Bhd's (TAG) wholly-owned Swiss Liberty Sdn Bhd, has signed a sale and purchase of shares agreement with Kingdom Hotel Investments to acquire the hotel and business of Swissotel Kunshan in Kunshan, China.

This was done via the purchase of the entire issued shares of Kingdom Kunshan Ltd (KKL) of 4.031 million shares of US$1 each for a cash consideration of RM185.500 million. (US$1=RM3.0535), the company said in a filing to Bursa Malaysia.

KKL owns 100 per cent of the equity of First Shanghai Hotel Group (FSHG) and 100 per cent of the equity of Sino Dragon Asset Ltd (SDAL) which in turn owns 65 per cent and 35 per cent, respectively, of the equity of Kunshan Mamlaka Hotel Company Limited, a China incorporated company, which is the registered owner of the hotel property and business.

The hotel, rated a 5-star with 387 guest bedrooms, is prominently located in the city centre of Kunshan, along the western edge of Kunshan Economic and Technological Development Zone.

TAG said the proposed acquisition would be funded from internally-generated funds and external borrowings.

Meanwhile, the original cost of investment in the hotel was US $59.3 million.

In the statement, TAG said the proposed acquisition would further enhance the company's hospitality operations in major cities worldwide and expand its existing hospitality properties portfolio in China.

It will also provide a steady revenue stream and enhance revenue contribution from its hospitality division to the company.

World stocks down ahead of US growth figures

World stock markets mostly slipped Friday as investors braced for growth figures for the U.S. economy, the world's largest, and worried about debt problems in large economies like Japan.

Markets were still rattled from the previous day's credit rating downgrade of Japan by Standard & Poor's. Rival agency Moody's Investors Service later said that the U.S. rating outlook remains under pressure, increasing the likelihood that it might fall to 'negative' from 'stable' over the next two years due to high levels of debt.
orld stock markets mostly slipped Friday as investors braced for growth figures for the U.S. economy, the world's largest, and worried about debt problems in large economies like Japan.

Markets were still rattled from the previous day's credit rating downgrade of Japan by Standard & Poor's. Rival agency Moody's Investors Service later said that the U.S. rating outlook remains under pressure, increasing the likelihood that it might fall to 'negative' from 'stable' over the next two years due to high levels of debt.

Against that backdrop, the U.S. economic growth figures for the fourth quarter will be crucial to markets.

Economists on average forecast that the economy expanded at an annualized rate of 3.5 percent in the October-December quarter. If they are right, it would show the economy has consistently gained speed since hitting a rough patch in the spring, when Europe's debt crisis hurt sales of U.S. exports and crimped business activity.

How well consumer spending picks up will be key, as it accounts for three quarters of the U.S. economy and a fifth of global growth.

"The financial markets have been taking a rosier view of U.S. economic performance in recent weeks, largely on indications of stronger than expected consumer purchases during the holiday season," said Stephen Lewis at Monument Securities in London.

However, he noted growth is still unlikely to be strong enough to fill spare capacity, meaning the economy still has plenty of idle resources such as factories and workers. Unemployment, which has remained stubbornly high despite the recovery, is a top concern for the Federal Reserve, which has shown no indication of wanting to tighten its monetary policy anytime soon.

In Europe, eyes were on Spain, where the government reached a deal with unions on raising the retirement age to 67 from 65. Along with measures to bolster the troubled savings banks, the pension reform plan is a key component in the country's fight to ease tensions over the debt crisis.

Madrid's exchange was among the top risers in Europe -- gaining 0.4 percent -- as the pensions deal offset the news that Spanish unemployment rose back above the 20 percent level in the fourth quarter.

Elsewhere, Britain's FTSE 100 was 0.7 percent lower at 5,920.05 while Germany's DAX gained 0.1 percent to 7,163.20. France's CAC-40 was down 0.1 percent to 4,056.93.

Europe's debt crisis has eased over the past weeks on signs that governments are committed to a broader, bolder strategy to regain market confidence. Public borrowing rates have fallen and the 17-nation euro has rallied sharply. On Friday, thorld stock markets mostly slipped Friday as investors braced for growth figures for the U.S. economy, the world's largest, and worried about debt problems in large economies like Japan.

Markets were still rattled from the previous day's credit rating downgrade of Japan by Standard & Poor's. Rival agency Moody's Investors Service later said that the U.S. rating outlook remains under pressure, increasing the likelihood that it might fall to 'negative' from 'stable' over the next two years due to high levels of debt.

Against that backdrop, the U.S. economic growth figures for the fourth quarter will be crucial to markets.

Economists on average forecast that the economy expanded at an annualized rate of 3.5 percent in the October-December quarter. If they are right, it would show the economy has consistently gained speed since hitting a rough patch in the spring, when Europe's debt crisis hurt sales of U.S. exports and crimped business activity.

How well consumer spending picks up will be key, as it accounts for three quarters of the U.S. economy and a fifth of global growth.

"The financial markets have been taking a rosier view of U.S. economic performance in recent weeks, largely on indications of stronger than expected consumer purchases during the holiday season," said Stephen Lewis at Monument Securities in London.

However, he noted growth is still unlikely to be strong enough to fill spare capacity, meaning the economy still has plenty of idle resources such as factories and workers. Unemployment, which has remained stubbornly high despite the recovery, is a top concern for the Federal Reserve, which has shown no indication of wanting to tighten its monetary policy anytime soon.

In Europe, eyes were on Spain, where the government reached a deal with unions on raising the retirement age to 67 from 65. Along with measures to bolster the troubled savings banks, the pension reform plan is a key component in the country's fight to ease tensions over the debt crisis.

Madrid's exchange was among the top risers in Europe -- gaining 0.4 percent -- as the pensions deal offset the news that Spanish unemployment rose back above the 20 percent level in the fourth quarter.

Elsewhere, Britain's FTSE 100 was 0.7 percent lower at 5,920.05 while Germany's DAX gained 0.1 percent to 7,163.20. France's CAC-40 was down 0.1 percent to 4,056.93.

Europe's debt crisis has eased over the past weeks on signs that governments are committed to a broader, bolder strategy to regain market confidence. Public borrowing rates have fallen and the 17-nation euro has rallied sharply. On Friday, the common currency was down slightly from two-month highs to trade at $1.3695 from $1.3729 in New York late Thursday.

Wall Street was headed for a lower opening, with Dow futures down 0.1 percent to 11,938 and S&P 500 futures losing 0.1 percent to 1,294.

In Asia, Japan's benchmark Nikkei 225 stock average dropped 1.1 percent to close at 10,360.34 as traders reacted to the news -- revealed after the close the previous day-- that Standard & Poor's has lowered Japan's long-term sovereign debt rating one notch to AA- due to its ballooning public debt.

Investors dumped shares in banks, which own large amounts of government bonds. Mitsubishi UFJ Financial Group, Japan's biggest bank, fell 2.7 percent. Mizuho Financial Group, the No. 2 banking group, declined 1.2 percent and Sumitomo Mitsui Financial Group retreated 1.6 percent.

Analysts said signs of weakness in some of the world's leading economies were causing investors to think hard about stocks and whether now was a time to jump in, stay put, or head for the exits.

The rating given Japan on Thursday -- its first downgrade in almost nine years -- is the same rating given to China, Saudi Arabia and Kuwait. The news sent the dollar as high as 83.18 yen late Thursday from 82.20 yen. On Friday it was trading at 82.63.

The downgrade is a stern reminder to Japan that it faces consequences for letting its debt swell to twice the size of gross domestic product. The government estimated Japan's public debt would swell to 997.7 trillion yen ($12 trillion) by March 2012, up from 943 trillion yen this year.

Elsewhere, Australia's S&P/ASX 200 closed down 0.7 percent at 4,774.90 as the first estimates of the economic cost of east coast flooding -- possibly the most expensive natural disaster in Australia's history -- were released.

South Korea's Kospi declined 0.3 percent to 2,107.87 and Hong Kong's Hang Seng fell 0.7 percent to 23,617.02. Shares in Indonesia and Thailand were all lower.

China's Shanghai Composite index gained 0.1 percent to 2,752.75. Benchmarks in Taiwan and New Zealand were also higher.

Benchmark crude for March delivery was down 1 cent at $85.63 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.69 to settle at $85.64 a barrel on Thursday.e common currency was down slightly from two-month highs to trade at $1.3695 from $1.3729 in New York late Thursday.

Wall Street was headed for a lower opening, with Dow futures down 0.1 percent to 11,938 and S&P 500 futures losing 0.1 percent to 1,294.

In Asia, Japan's benchmark Nikkei 225 stock average dropped 1.1 percent to close at 10,360.34 as traders reacted to the news -- revealed after the close the previous day-- that Standard & Poor's has lowered Japan's long-term sovereign debt rating one notch to AA- due to its ballooning public debt.

Investors dumped shares in banks, which own large amounts of government bonds. Mitsubishi UFJ Financial Group, Japan's biggest bank, fell 2.7 percent. Mizuho Financial Group, the No. 2 banking group, declined 1.2 percent and Sumitomo Mitsui Financial Group retreated 1.6 percent.

Analysts said signs of weakness in some of the world's leading economies were causing investors to think hard about stocks and whether now was a time to jump in, stay put, or head for the exits.

The rating given Japan on Thursday -- its first downgrade in almost nine years -- is the same rating given to China, Saudi Arabia and Kuwait. The news sent the dollar as high as 83.18 yen late Thursday from 82.20 yen. On Friday it was trading at 82.63.

The downgrade is a stern reminder to Japan that it faces consequences for letting its debt swell to twice the size of gross domestic product. The government estimated Japan's public debt would swell to 997.7 trillion yen ($12 trillion) by March 2012, up from 943 trillion yen this year.

Elsewhere, Australia's S&P/ASX 200 closed down 0.7 percent at 4,774.90 as the first estimates of the economic cost of east coast flooding -- possibly the most expensive natural disaster in Australia's history -- were released.

South Korea's Kospi declined 0.3 percent to 2,107.87 and Hong Kong's Hang Seng fell 0.7 percent to 23,617.02. Shares in Indonesia and Thailand were all lower.

China's Shanghai Composite index gained 0.1 percent to 2,752.75. Benchmarks in Taiwan and New Zealand were also higher.

Benchmark crude for March delivery was down 1 cent at $85.63 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.69 to settle at $85.64 a barrel on Thursday.
Against that backdrop, the U.S. economic growth figures for the fourth quarter will be crucial to markets.

Economists on average forecast that the economy expanded at an annualized rate of 3.5 percent in the October-December quarter. If they are right, it would show the economy has consistently gained speed since hitting a rough patch in the spring, when Europe's debt crisis hurt sales of U.S. exports and crimped business activity.

How well consumer spending picks up will be key, as it accounts for three quarters of the U.S. economy and a fifth of global growth.

"The financial markets have been taking a rosier view of U.S. economic performance in recent weeks, largely on indications of stronger than expected consumer purchases during the holiday season," said Stephen Lewis at Monument Securities in London.

However, he noted growth is still unlikely to be strong enough to fill spare capacity, meaning the economy still has plenty of idle resources such as factories and workers. Unemployment, which has remained stubbornly high despite the recovery, is a top concern for the Federal Reserve, which has shown no indication of wanting to tighten its monetary policy anytime soon.

In Europe, eyes were on Spain, where the government reached a deal with unions on raising the retirement age to 67 from 65. Along with measures to bolster the troubled savings banks, the pension reform plan is a key component in the country's fight to ease tensions over the debt crisis.

Madrid's exchange was among the top risers in Europe -- gaining 0.4 percent -- as the pensions deal offset the news that Spanish unemployment rose back above the 20 percent level in the fourth quarter.

Elsewhere, Britain's FTSE 100 was 0.7 percent lower at 5,920.05 while Germany's DAX gained 0.1 percent to 7,163.20. France's CAC-40 was down 0.1 percent to 4,056.93.

Europe's debt crisis has eased over the past weeks on signs that governments are committed to a broader, bolder strategy to regain market confidence. Public borrowing rates have fallen and the 17-nation euro has rallied sharply. On Friday, the common currency was down slightly from two-month highs to trade at $1.3695 from $1.3729 in New York late Thursday.

Wall Street was headed for a lower opening, with Dow futures down 0.1 percent to 11,938 and S&P 500 futures losing 0.1 percent to 1,294.

In Asia, Japan's benchmark Nikkei 225 stock average dropped 1.1 percent to close at 10,360.34 as traders reacted to the news -- revealed after the close the previous day-- that Standard & Poor's has lowered Japan's long-term sovereign debt rating one notch to AA- due to its ballooning public debt.

Investors dumped shares in banks, which own large amounts of government bonds. Mitsubishi UFJ Financial Group, Japan's biggest bank, fell 2.7 percent. Mizuho Financial Group, the No. 2 banking group, declined 1.2 percent and Sumitomo Mitsui Financial Group retreated 1.6 percent.

Analysts said signs of weakness in some of the world's leading economies were causing investors to think hard about stocks and whether now was a time to jump in, stay put, or head for the exits.

The rating given Japan on Thursday -- its first downgrade in almost nine years -- is the same rating given to China, Saudi Arabia and Kuwait. The news sent the dollar as high as 83.18 yen late Thursday from 82.20 yen. On Friday it was trading at 82.63.

The downgrade is a stern reminder to Japan that it faces consequences for letting its debt swell to twice the size of gross domestic product. The government estimated Japan's public debt would swell to 997.7 trillion yen ($12 trillion) by March 2012, up from 943 trillion yen this year.

Elsewhere, Australia's S&P/ASX 200 closed down 0.7 percent at 4,774.90 as the first estimates of the economic cost of east coast flooding -- possibly the most expensive natural disaster in Australia's history -- were released.

South Korea's Kospi declined 0.3 percent to 2,107.87 and Hong Kong's Hang Seng fell 0.7 percent to 23,617.02. Shares in Indonesia and Thailand were all lower.

China's Shanghai Composite index gained 0.1 percent to 2,752.75. Benchmarks in Taiwan and New Zealand were also higher.

Benchmark crude for March delivery was down 1 cent at $85.63 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.69 to settle at $85.64 a barrel on Thursday.

A SWOT analysis of Jamaica's economy

SINCE the start of the year I have received many questions (both locally and internationally) about the prospects for Jamaica's economy in 2011 and beyond. Perhaps more so today than in previous years, persons are understandably more curious about Jamaica's prospects for growth. This is understandable because with the world coming out of a very significant global recession, there are many realignments of investment portfolios taking place, and investors are more cautious, after being ravaged by the global events since 2007.

Investors also are becoming a lot more conscious of global investments, and understand that true diversification is not just among asset classes but more importantly between economies. This is an underlying ph
Nine Maoists were killed in an encounter with security forces at Luhur forest in Jharkhand's Latehar district in the wee hours on Friday.

"Nine bodies of the Maoists were recovered after the encounter at Luhur jungle under Barwadih police station," Latehar Superintendent of Police Kuldweep Diwedi told PTI over phone.

Security forces comprising CRPF and the district police have also recovered arms and ammunition from the spot,

To know more click hear
ilosophy that Jamaican policymakers need to understand as we craft policies around the economy. As a result of improvements in technology and investor awareness, there are greater choices across economies when choosing where to put money to work. So that even an individual investor can open an online brokerage account and invest overseas in what they consider a more attractive and predictable environment. This, I believe, will be the scene for investors from 2011 going forward, and will be to the disadvantage of countries that do not get their investment environment right.

One particular question being asked is, what are the prospects for the Jamaican economy and investments in particular? I don't believe that this question can be answered in a "one size fits all" sort of way, as it depends a lot on the type of investment one is involved in. For example, while I believe that there are significant growth prospects for small businesses, it depends on the type of business one is in and the approach to that business development.

What I would therefore like to do in this article is look at a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of the Jamaican economy. This requires much further discourse for anyone looking at an investment or business opportunity.

The table outlines generally the SWOT of the Jamaican economy as I see it, and provides an indication (based on interpretation) of where businesses and investors should be looking for 2011 and beyond.

US stock market daily report (26/01/11, Wednesday)

President Obama's State of the Union address gave stocks a boost today, helping the Dow Jones rise above 12,000. Last night in Obama's address, he promised to focus on job creation and lowering corporate tax rates. Investors were confident in future business after the President said he wanted to close corporate tax loopholes for the first time in 25 years and use that revenue to lower tax rates. It was also encouraging to hear Obama is in support of a five-year freeze on discretionary spending, resulting in the deficit being lowered by $400 billion over the next 10 years. Investors were very pleased with Obama's plans, helping them look past today's weak reports on earnings. Stocks were rising today; the Dow passed the key 12,000 mark.

Today was the first time since 2008 the Dow has been at this level; it is an encouraging sign for the markets. Analysts are crediting today's increase to higher investor confidence following the State of the Union address. Investors also waited for the Federal Reserve's comments on the Central bank's two day policy meeting that ended today; the news didn't heavily affect the markets since investors were pretty sure today's report would show interest rates remain unchanged, which they did. The markets surly didn't rise off of today's corporate earnings. After the close yesterday, Yahoo gave fourth quarter results that came in under what analysts were expecting, sending shares down over 2% in today's session. Shares of Bowing were also falling, as the company said it expects to see earnings per share for the year to be less than analysts were expecting. Boeing said fourth quarter earnings were at $1.56 per share, more than the $1.11 per share analysts forecasted.

Stocks gave up some of their earlier gains, but managed to remain in the positive; all three major indexes were still rising, with the NASDAQ making the most gains. Commodities were rising; both gold and crude oil prices were increasing following yesterday's losses. As the dollar fell versus the pound and the yen; the greenback rose against the euro. With just under an hour left in the trading session, the Dow was still at a gain of 20 points.

HUL Q3 net marginally declines at Rs 637.5 cr

Hindustan Unilever (HUL), the country's largest fast moving consumer goods company, has posted a marginal decline of 1.78 per cent in net profit at Rs 637.51 crore in the third quarter ending December 31, 2010 as compared to Rs 649.11 crore in the corresponding quarter of the previous year. Total income during the period under consideration, however, increased from Rs 4,573.23 crore to Rs 5,127.71 crore.

With sustained double-digit underlying volume growth in the domestic consumer business (13 per cent), net sales grew 12 per cent during the quarter and ahead of the market in aggregate. Home and personal care business grew by 11.6 per cent with competitive growth in both laundry and personal wash. Laundry portfolio was further strengthened with Rin delivering record volume growth.

Harish Manwani, chairman said: “Our strategy is working and is reflected in the consistent double digit underlying volume growth over the last four quarters and ahead of market growth. We continue to strengthen our leadership in core categories, even as we invest to build opportunities for the future. In an inflationary environment, we will manage our business dynamically, through judicious pricing actions and increased focus on cost effectiveness, while ensuring that we remain competitive in the market place.”

Personal wash grew ahead of the market with Lifebuoy growing strongly post the relaunch and the premium portfolio continued to deliver robust growth. Personal products grew strongly at 20 per cent across categories with skin care delivering a particularly strong performance.

Skin care growth was innovation led, both on the core and in emerging segments. Fair and Lovely, Ponds White Beauty and Vaseline Healthy White continued to deliver robust sales growth. Both Hair and Oral performed well across the key brands. Dove Hair range was relaunched with Fiber Actives and in Oral, a new variant Close-up, Fire-Freeze. was successfully introduced. Foods business grew 11.3 per cent.

In tea, Red Label was relaunched continuing to deliver double-digit growth. Coffee growth was robust, across conventional and instant coffee, with price point packs performing particularly well. Knorr soupy noodles sustained its strong momentum and is now available nationally. Ice-cream grew by 31 per cent with good growth across formats.

Pureit continued to expand its franchise with product offerings across multiple price and benefit positions. Overall, the water business grew strongly and in line with action standards. Input cost inflation continued to rise during the quarter.

Cost of goods sold went up by 220 bps, as a result of steep rise in material costs, especially in commodity sensitive categories. A&P spend grew by 17 per cent to maintain market competitiveness and to develop emerging categories. Consequently, operating margins were lower by 320 bps.

Financial income increased by Rs 38 crore through further improvement in working capital and sound treasury management. Profit after tax but before exceptional items declined by 2.1 per cent, while net profit declined by 1.8 per cent.

The shares of HUL were trading down 0.77 per cent at Rs 295.60 on the BSE at 1:12 pm.

Australia slowly emerges as prime market for online retail

Australia is fast-gaining a reputation as a global hub for online shopping, with no less than US giant internet retailer eBay reportedly alluding to the Aussie market as a viable and standout business consideration for web retailers.

The remarks made by eBay chief executive John Donahoe came weeks after a debate was spawned by giant Australian retailers led by Gerry Harvey, when the group called on the federal government to consider the imposition of GST on online purchases originating from Australia.

The group, which also comprised of Solomon Lew and the head of Myer and David Jones, drew flak from Australian consumers, who scored the retail group's position as self-serving and insensitive of shoppers' general welfare.

Harvey pushed forward his suggestion amidst fluctuating performance of the retail sector even during the peak of the holiday season, when shoppers were expected to accelerate their local spending.

Retailers blamed the emerging behaviour of local consumers, in which they turn to online shopping for its offering of more convenience and more savings. Australian retailers explained that internet sellers are able to provide cheaper products due to their lower operations cost.

Harvey also scored that fact that online retailers are not paying local taxes as he asserted during his initial campaign for GST to be imposed on online providers that "if I think something is right I'll fight for it, always have."

Yet his campaign appeared to have adapted a milder tone lately as Harvey revealed that his recent back-pedalling was mostly caused by attacks that he described as increasingly becoming "vicious and hateful."

Australian retailers have been complaining that they are absorbing significant losses owing to the present environment in the industry and reports are swirling around that many retailers are rethinking their current approach to combat rising rent costs and to reach more customers.

Chief of Australian retailers' concern is the prohibitive costs of land leases in the country as Myer chief executive lamented that the business climate in the US is more accommodating for retailers, citing that "in California, some of the largest shopping centres are well out of the cities where the land and rent are a lot cheaper."

However, consumer group Choice reminded the retailers that they may be missing the real reason why they are lagging behind and sales are on a downward spiral.

Choice campaign director Christopher Zinn told The Australian that "the big chains should recognise that it's their high prices, limited range and poor customer service that increasingly encourage people to use the internet."

Business-community support gives Falcon his wings

Christy Clark leads the opinion polls among candidates for the B.C. Liberal leadership. George Abbott is well positioned as the compromise choice.

Mike de Jong is the sleeper, whose vote tally may well surprise his rivals. Moira Stilwell and Ed Mayne are the undisputed also-rans.

But Kevin Falcon stands out from the six-pack of leadership hopefuls in one regard -- endorsements from the business community.
The Falcon campaign has been trumpeting its support from business and corporate leaders in a series of press releases.

Each sets out the latest inductees into Falcon 20/20, described as "a group of B.C. business people who believe that Kevin Falcon's experience and vision for B.C. make him the clear choice to be the best premier."

The 20/20 moniker -- a play on the slogan "clear vision, clear choice" -- echoes the Top 20, the group of corporate leaders that backed Social Credit during the Bill Bennett era.

Falcon is an unabashed admirer of Bennett and cites him as a leadership model in a recent video where he tries to underscore the differences between his more team-oriented leadership style and that of the current premier, Gordon Campbell.

But where the names of Bennett's Top 20 were kept secret (until leaked to Vancouver Sun columnist Marjorie Nichols during the 1986 Socred leadership race), the members of Falcon's 20/20 are a matter of public record.

The group is chaired by Ryan Beedie, president of the Beedie Group, one of the province's largest developers of industrial property and one-time would-be buyer of the Vancouver Canucks along with Tom Gaglardi.

Also a member of Falcon's 20/20 is Gaglardi, chairman and chief executive officer of Sandman Hotels, grandson of the legendary Social Credit highways minister, "Flying" Phil Gaglardi.

Other key members: Kyle Washington, Seaspan International. Christian Chia, Open Road auto dealerships. Terry McBride, Nettwerk Music. Cam McNeill, MAC Marketing home builders. Roger Hardy, Coastal Contacts/ Clearly Contacts.

Peter Armstrong, Rocky Mountaineer tourist train. John O'Neill, O'Neill hotels and resorts. Restaurateurs Stan Fuller (Earl's), Jeff Fuller (Joey's), David Aisenstat (Keg), Rick Jaffray (Cactus Club) and Emad Yacoub (Glowbal).

Plus, in no particular order: Carolyn Cross, Ondine Biomedical. Samir Manji, Amica Mature Lifestyles. Matt Young, Innovative Fitness. Zahra Mamdani, Wear Else Fashions. Paolo Kalaw, Frontier Dental labs. Tom Greenough, Tom Tar Roofing. Eric Carlson, Anthem Properties.

Sarah MacNeill, MacNeill Yakamoto Recruitment. Rob Macdonald, Macdonald Development real estate. Jeff Booth, Build Direct building materials. Salim Karim, Inn House Retail. Jim Case, Travelers Financial. Paul Hemsley, Hemmera environmental consultants.

Leah Costello, Curious Mind Productions. John Vickerstaff, Network Bonding and Insurance. Bob Cross, Bankers Petroleum. Lance Sparling, Wakefield Home Builders. Lorraine Cunningham, Cunningham Group. Tom Kramer, Canadian Utility Construction. Steve Ashforth, Glastech Contracting.

George Horie, Sanctuary TV series. Martin Charlwood, Uniglobe Travel. Chuck van der Lee, Ananda Holdings, restaurants. Greg Fleck, Service Works Distribution. Tina Osen, HUB International insurance brokers. Riaz Pisani, Contac Services online supply management.

Christopher Philps, Fairborne Homes. John Frostad, Shearers Foods. Suki Sekhon, CRS real estate. John Pacey, Verathon Medical. Holly Gordon, iPOWOW online market research. Steven Dean, Oceanic Iron Ore. Glenn Bailey, Bailey Group business consultants. Sam Gudewill, Pacific Group. Roger Finnie, Pemberton Insurance. Eric Savics, Haywood Securities.

The press releases tout Falcon as the get-things-done guy in the Liberal government, which readily explains his attraction to business leaders. But being top-heavy with such connections also makes him a target for accusations that he'll favour business over the public interest.

Indeed the New Democratic Party Opposition pounced on Friday, noting that a charter member of the Falcon 20/20, Roger Hardy, was urging customers of his Clearly Contacts business to join the Liberals and vote for Kevin Falcon.

The firm, as the New Democrats noted, had already benefited from a Falcon-led decision to relax regulations regarding sale of glasses and contacts. True, though as Hardy noted in his letter to customers, the change also benefited consumers.

"Today, thanks to legislation introduced by the B.C. Liberal Party last year, the doors have been opened to competition in our industry, dramatically reducing the price of contact lenses [and] eyeglasses. This legislation will save British Columbians millions of dollars over the next five years." Then the pitch to join the party -- "it takes two minutes and costs only $10" -- and vote for his man Falcon, "a candidate with experience and a willingness to make changes that require leadership, and benefit all British Columbians."

Hardy's is just one of the 49 names on Falcon's list. Look for the New Democrats to open a file on each of them, just in case Corporate Kevin proves to be as popular with Liberal members as he is with the business sector.