Wednesday, November 7, 2012

Through the Years

Through the Years

Two girls grew up together, treating each other like sisters but would love destroy them as much as it created a bond between them?

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This topic is an Out Of Character part of the roleplay, ?Through the Years?. Anything posted here will also show up there.

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China helps BMW offset European weakness in Q3

FRANKFURT, Germany (AP) ? Strong sales of its luxury cars in China helped Germany's BMW AG overcome weak markets in crisis-ridden Europe.

Net profit rose 16 percent in the third quarter to ?1.29 billion ($1.65 billion) on a 13.7 percent jump in sales to a record ?18.82 billion.

The Munich-based carmaker said Tuesday it was sticking to its forecasts for 2012 sales and earnings to be up on the previous year despite "an increasingly uncertain market environment."

CEO Norbert Reithofer called it a "good third quarter" but added that in the fourth quarter the company and the auto sector as a whole "are likely to be confronted with adverse business conditions."

Booming Asian sales helped the maker of the X5 sport utility vehicle and the 5-series sedan overcome a stagnant market in Europe. China sales rose 30 percent, while European sales grew by a modest 2.6 percent as sales sagged in southern Europe where the debt crisis is at its worst. Sales were even down slightly, by 0.5 percent, in BMW's home market of Germany.

Having a strong presence in three key regions ? Asia and the United States as well as Europe ? has helped insulate BMW from the tough European car market. Many countries, including Spain and Italy, are in recession, while unemployment across the 17-country eurozone has risen to a record 11.6 percent. Figures next week are widely expected to show that the eurozone as a whole is back in recession.

The associated slack demand has forced mass-market carmakers such as Ford Motor Co. to close plants, and others like General Motors' Opel to look at cutting capacity.

BMW however focuses on the more recession-resistant luxury end of the market, where profits per vehicle are higher. The company said its third quarter profits were helped by a strong model mix ? meaning sales are up in the more profitable parts of its model range. For the first nine months of the year, sales of its X3 SUV, produced in Spartanburg, South Carolina, rose 28.7 percent while those for its 5-series larger sedan increased by 5.3 percent.

BMW shares fell modestly, trading down 0.3 percent at ?64.30.

Source: http://news.yahoo.com/china-helps-bmw-offset-european-weakness-q3-084326305--finance.html

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Foxconn International surges 35 percent as Citi report lifts iPhone hopes

US-FOXCONNINTERNATIONAL-SHARES:Foxconn International surges 35 percent as Citi report lifts iPhone hopes

By Vikram Subhedar

HONG KONG (Reuters) - Shares of Foxconn International Holdings Ltd (FIH) <2038.HK>, the world's biggest contract maker of cellphones, surged as much as 35 percent after Citigroup upgraded the stock to a 'buy' and said it expected the firm to start assembling iPhones this year.

The report, Citigroup's first positive rating on the stock in nearly three years, spurred heavy buying. The shares have languished this year because of FIH's dwindling handset-making business as its biggest customers including Nokia Oyj <NOK1V.HE> trail Apple Inc <AAPL.O> in the smartphone race.

FIH will see a sharp turnaround next year as Internet and software companies enter the smartphone race and the firm starts assembling iPhones for Apple, Citigroup said.

"Amazon <AMZN.O>, Google <GOOG.O>, Microsoft <MSFT.O>, Xiaomi, Baidu <BIDU.O>, Tencent <0700.HK> are all trying to launch smartphones and none has in-house manufacturing," Citigroup said, raising its target price on FIH to HK$5.80 and its earnings estimate for 2013 by 134 percent.

Shares of FIH, which assembles handsets for the likes of Huawei Technologies Co Ltd and ZTE Corp <0763.HK> <000063.SZ>, jumped as high as HK$3.69 in their biggest one-day gain ever.

That compared with a 0.4 percent drop in the benchmark Hang Seng Index <.HSI>.



FIH shares are still down nearly 30 percent this year compared with a near-20 percent rise for the broader index.

FIH will receive orders of up to 200 million lower-to-mid-end Chinese smartphones next year, including the popular Xiaomi smartphone, said Alex Hu, chief of propriety trading at Mega Securities.

HON HAI

Hon Hai Precision Industry Co Ltd <2317.TW>, the main supplier of Apple's iPhones and an affiliate of FIH, fell 1 percent in Taipei trading, against a broader market decline of 0.6 percent.

Due to difficulties in recruiting labour at Hon Hai's iPhone factory in China, some production has been moved to FIH since October, Citigroup said.

Citigroup said it expected FIH had started metal casing production for iPhones in October, and forecast final assembly would begin by the end of the year, with Hon Hai gradually shifting 10-15 percent of iPhone production to the company.

Hon Hai and FIH are both units of unlisted Foxconn Technology Group, founded by Taiwanese billionaire Terry Gou.

"The stock (FIH) has been underweighted for a long time. If the plan as mentioned in the (Citi) report is a success, it will be a huge turnaround story for the company," said Steven Leung, a sales director at UOB Kay Hian.

In August, FIH posted its worst-ever first-half net loss due to dismal orders from key clients such as Nokia and warned that uncertainties in global handset demand were dimming its outlook for the rest of the year.

(Additional reporting by Donny Kwok in HONG KONG and Faith Hung in TAIPEI; Editing by Anne Marie Roantree and Ryan Woo)

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Related Newsletters: CEN - Gadgets Newsletter , ? Tutorial Finder , ? Review Seeker


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Tuesday, November 6, 2012

Bomb shakes Damascus as opposition begins unity talks

AMMAN (Reuters) - A bomb exploded near army and security compounds in Damascus on Sunday, Syrian television said, and fractured opposition groups seeking to topple President Bashar al-Assad began unity talks abroad to win international respect and arms supplies.

The 50-kilogram (110-pound) bomb, near a large hotel in a heavily guarded district, was described by state media as an attack by "terrorists" - the government's term for insurgents in the 19-month-old uprising against Assad.

Opposition activists said the blast appeared to be the work of the Ahfad al-Rasoul (Grandsons of the Prophet) Brigade, an Islamist militant unit that attacked military and intelligence targets several times in the last two months.

"The terrorist explosion caused several injuries. One of (the injured) is in critical condition," state television said.

Video from state media and posted online by activists showed shattered windows and battered cars but little other damage.

The mainly Sunni rebels have carried out a series of bombings targeting government and military buildings in Damascus this year, extending the war into the seat of Assad's power.

The Syrian conflict has aggravated divisions in the Islamic world, with Shi'ite Iran supporting Assad -- whose Alawite faith derives from Shi'ite Islam -- and U.S.-allied Sunni nations such as Saudi Arabia, Turkey and Qatar backing his foes.

The Syrian Network for Human Rights, an activist monitoring group, said government forces had killed 179 people on Sunday. It said most of the dead were civilians killed in shelling of Damascus suburbs and included 14 women and 20 children. The rest were rebels killed in battles in the capital and the northern provinces of Idlib and Aleppo.

In northern Idlib, opposition sources said rebels were forced to halt an offensive to take a big air base because of a shortage of ammunition, a problem that has dogged their campaign to cement a hold on the north by eliminating Assad's devastating edge in firepower, especially warplanes and helicopter gunships.

Islamist insurgents had launched the attack on the Taftanaz military airport at dawn on Saturday, using rocket launchers and at least three tanks captured from the military, disrupting government air strikes on nearby rebel-held towns and villages.

The Syrian government restricts journalists' access in Syria, making it difficult to verify reports from the ground.

The Jaafar bin Tayyar Division, a rebel unit in Deir al-Zor, said its fighters had taken control of the al-Ward oilfield near the Iraqi border on Sunday, after overrunning a loyalist outpost that had 40 militiamen defending it.

Rebel commanders, former Syrian officials and the Syrian head of an oil services company familiar with oil production in the area said the fields, mostly not operational, had been under de facto rebel control for months.

FEARS OF WIDER CONFLAGRATION

The conflict began with peaceful protest rallies that morphed into armed revolt when Assad, whose family has ruled Syria since 1971, tried to stamp them out with military might. About 32,000 people have been killed, wide swathes of the major Arab state have been wrecked and the civil war threatens to widen into a regional sectarian conflagration.

The opposition talks that began in Qatar marked the first concerted attempt to meld feuding, disparate groups based abroad and coordinate strategy with rebels fighting in Syria.

Divisions between Islamists and secularists as well as between those inside Syria and opposition figures based abroad have foiled prior attempts to forge a united opposition and deterred Western powers from intervening militarily.

Analysts were sceptical the planned four days of opposition talks in the Qatari capital Doha would bring immediate results.

They aim to broaden the Syrian National Council (SNC), the largest of the overseas-based opposition groups, from some 300 members to 400, to pave the way for talks in Doha on Thursday including other anti-Assad factions to crystallise a coalition.

"The main aim is to expand the council to include more of the social and political components. There will be new forces in the SNC," Abdulbaset Sieda, current leader of the Syrian National Council, told reporters in Doha ahead of the meeting.

The meetings would also elect a new executive committee and leader for the SNC, he said.

A Qatar-based security analyst, who asked not to be named, said the meetings would bring a small step forward, at most. "The Syrian National Council is just too divided," he said.

The United States called last week for an overhaul of the opposition's leadership, saying it was time to move beyond the SNC and bring in those "in the front lines fighting and dying".

Veteran opposition leader Riad Seif has proposed a structure melding the rebel Free Syrian Army, regional military councils and other insurgent units alongside local civilian bodies and prominent opposition figures.

Called the Syrian National Initiative, his plan envisages the creation of an Initiative Body, including political groups, local councils, national figures and rebel forces; a Supreme Military Council; a Judicial Committee and a transitional government-in-waiting composed of technocrats.

Western, Turkish and Arab recognition of the new opposition structure, Seif said in an interview with Reuters last week, will help channel anti-tank and anti-aircraft missiles to the rebels and "decide the battle".

Western powers keen to see Assad removed have been loath to arm rebels in part because of the growing prominence of radical Islamic fighters fighting separately from more secular groups.

(Additional reporting by Rania el Gamal and Regan Doherty in Qatar, Suleiman al-Khalidi in Amman; Editing by Stephen Powell)

Source: http://news.yahoo.com/bomb-shakes-damascus-opposition-begins-unity-talks-142232847--finance.html

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Judge orders 1 Florida county to extend early voting (tbo)

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Facebook&#39;s New Ad Exchange Has &#39;Quadrupled ... - Business Insider

It's been hard to gauge how big Facebook's new real-time bidding platform for advertisers, Facebook Exchange, has become since it was launched in June, but global sales chief Carolyn Everson let slip just how big it could be in a recent conversation with Adweek and Group M digital chief Rob Norman.

First Norman said he believed FBX had "quadrupled" the size of the available market for advertisers who wanted to place ads based on real-time bidding in exchanges:

We love it. We absolutely love it. Massive, massive, massive increase in the amount of exchange traded media. We think it?s probably quadrupled the market in terms of availability of total impressions.

Then Everson said FBX was performing better than Google's ad exchange:

So we are very excited about Facebook Exchange. We?re excited about the results that we?ve seen. Our performance so far in the Exchange is doing better than the Google Exchange, and Triggit and others have all spoken up on our behalf.

The caveat here, of course, is that quadrupling the supply of available ad inventory isn't the same as quadrupling the demand for it. And the performance evidence from the demand-side platform companies who have been placing ads inside FBX, like Triggit, is so far only anecdotal. Those buyers say clients can get 16X ROI inside FBX. (Notably, FBX was not mentioned in Facebook's recent 10-Q.)

Nonetheless, it's yet another breadcrumb on the trail toward Facebook's claim that it is on the way to gathering a new $2 billion ad marketplace.

Disclosure: The author owns Facebook stock.

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Source: http://www.businessinsider.com/facebooks-new-ad-exchange-has-quadrupled-the-market-performs-better-than-google-2012-11

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