Economic Downturn | SilverScorpio.Com

Riots spread to three more cities in Britain

August 9, 2011 By admin

In unprecedented scenes of rioting, violence today raged across London and spread to three other cities, as police fought rioters to contain Britain's most serious unrest, raising questions over security of the 2012 Olympics.

Rioting and looting has spread across London, with unrest flaring up in the central city of Birmingham, the western city of Bristol and the northwestern city of Liverpool.

The third cricket Test between India and England is scheduled to be held at Edgbaston, Birmingham, from August 10.

On the third night of riots in London, gangs of masked youth last night looted shops, attacked police officers and set fire to vehicles and garbage dumps in raging violence, sparked by the killing of a youth in police shooting in Tottenham, reminding many of racial unrest in the 1980s.

Clashes in Hackney – one of the five boroughs in which the 2012 Olympics will be held – between police and groups of y

ouths were shown live through helicopter cameras, besides at least one car set on fire on the third night of violence.

Over 200 people have been arrested till last night as the police continued to grapple with trouble spreading to newer areas. Much investment has been made in recent years in Hackney in view of the 2012 Olympics.

Prime Minister David Cameron is returning early from holiday to discuss the unrest, which appeared to be led by youths alienated by years of underemployment which left them feeling marginalized even before the economic downturn.

Scotland Yard has deployed an extra 1,700 officers to deal with the unrest in the capital.

Violence started on Saturday in Tottenham district when a peaceful protest over the police shooting of Mark Duggan, a 29-year-old local man, turned violent. Trouble has since spread to areas of London, such as Islington, Enfield, Walthamstow, Oxford Circus and now Hackney.

Filed Under: International News Tagged With: City Of Birmingham, City Of Bristol, economic downturn, Garbage Dumps, mark duggan, minister david, northwestern city, oxford circus

Analysis: U.S. refineries still need to trim capacity

July 30, 2010 By vani Leave a Comment

(Reuters) – Atlantic Basin refineries remain most at risk for closure as refiners cut more capacity to balance supply with still-weak demand for gasoline and other oil products, but refineries in other parts of the United States are not immune.

The global economy is expected to show signs of recovery in 2010 and oil demand is predicted to grow but key gasoline demand in the world’s largest oil consumer is not expected to return to its 2007 peak.

“Refineries at risk are not just in the Atlantic Basin,” said Mark Routt, senior staff consultant with the economics unit of Texas-based consultants, KBC Advanced Technologies.

“Small refiners will find it increasingly difficult to compete against economies of scale available to larger rivals. So, too places in Canada and even the U.S. Pacific Coast where there are several refineries are also under pressure.”

STRUCTURAL DEMAND SHIFT

Northeastern refineries are most at risk because they face strong competition from European imports and lower-cost Gulf Coast plants for part of a shrinking gasoline pie.

“The East Coast is two different markets,” said Michael Hileman, Vice President of Texas-based consultants, Solomon Associates.

“European refiners dump their gasoline on the East Coast. With the Colonial Pipeline, they are linked to the Gulf Coast refineries which are large and efficient.”

A recent study by Washington-based energy consultants PFC Energy found risk of closure for 58 out of the 230 refineries feeding the Atlantic Basin, comprised of East Coast and European refineries, markets where demand has been declining for several years.

Sunoco Inc, Petroplus and Total closed refineries in 2009 totaling 1.1 million bpd of capacity in the Atlantic Basin due to poor profit margins.

“PFC Energy’s view is that the market environment is currently in the midst of a structural shift in demand that goes beyond the impacts of the economic downturn,” said Nathan Schaffer, Director of Downstream and Petrochemical Group.

The growing mandate for using renewable fuels is shifting any demand increase for gasoline to ethanol and other alternative fuels, adding to the pressure on lagging Northeast refiner margins.

According to Credit Suisse, which closely tracks U.S. and global refinery profit margins, the four other U.S. regions are beating margin forecasts, with only the Northeast profits lagging at $7.63 a barrel versus expectations of $8.50.

SURVIVAL OF THE FITTEST

U.S. products demand has dropped about 2 million barrels per day from 2007 levels of 18.46 million bpd, eroded by the economic crisis.

East Coast gasoline demand was 13.5 percent below that level by March this year, and West Coast demand had fallen further, down 16.3 percent. Refiners in both regions adjusted their refinery runs down, mostly lagging the national average.

KBC’s Routt thinks California is well-positioned and will likely avoid closures but that refineries in Washington state, Alaska and Hawaii face pressure to rationalize.

Routt sees the Rockies region is relatively balanced but says that some smaller Gulf Coast refineries could at risk.

“The smaller players there are not going to get the economy of scale, particularly when Port Arthur comes on,” said Routt,

Motiva Enterprises LLC is expanding its joint venture Port Arthur, Texas refinery from 285,000 bpd to 600,000 bpd by 2012. Marathon Corp. recently completed a 180,000 bpd expansion of its 436,000 bpd Garyville, Louisiana refinery.

The Midwest is seen to be relatively immune for closures. The region cut almost half a million barrels of capacity beginning with 1990′s economic downturn by closing. A total of 1.2 million bpd of refinery capacity was permanently closed between 1990 and 2008.

With few exceptions, the region’s refinery run rates have exceeded the national average by several percentage points, eased along by access to Canadian oil flowing from Alberta’s oil sands.

As a result, some Midwestern refiners, like Marathon have been able to align supply from refineries with demand from gas stations.

“A large company with many refineries looks at the entire network. They look at the entire supply orbit cost,” said Solomon’s Hileman, citing Shell’s recent shutdown of their Montreal refinery as an example where the company decided it would be easier to meet supply obligations from other refineries.

Filed Under: International News Tagged With: Atlantic Basin, Colonial Pipeline, economic downturn, Economies Of Scale, Energy Consultants, European Imports, global economy, Gulf Coast Refineries, Hileman, market environment, Oil Demand, Oil Products, Oil Refineries, Petroplus, Pfc Energy, profit margins, refiners, S Pacific, Staff Consultant, Sunoco Inc

UPDATE 1- HCL Tech net up 3.7 pct, shares rise

July 30, 2010 By vani Leave a Comment

July 29 (Reuters) – Software services firm HCL Technologies (HCLT.BO) said on Thursday its quarterly net income rose marginally as demand for outsourcing increased, sending its shares up by as much as 4 percent.

Net income rose 3.7 percent to 3.42 billion rupees for April-June quarter, while sales increased 18 percent to 34.25 billion rupees.

Indian software companies are benefitting from a pickup in after services spending in the U.S., the largest market for the sector, after the global economic downturn.

“With hedge losses almost behind us we would see further improvement in cash flows and continued strengthening of the balance sheet,” Anil Chanana, CFO, said in a statement.

HCL’s larger rival India’s NO. 1 IT firm Tata Consultancy Services (TCS.BO) and third-largest Wipro (WIPR.BO) earlier reported street-topping performances, while No. 2 Infosys (INFY.BO) posted a surprise fall in quarterly profit.

HCL’s net income increased 6.9 percent on year to $73.6 million and revenue rose 21.5 percent to $737.6 million under US accounting norms. The EBITDA margin fell to 18.6 percent in the June-quarter from 22.1 percent a year ago.

US contributed 58.9 percent, Europe 28.5 percent and Asia Pacific 12.6 percent to HCL’s revenue in the June quarter.

Europe, which has been a cause of concern for most exporters in India and is the second-biggest market for the $60 billion Indian outsourcing sector after the United States, grew 4 percent over the March-quarter in terms of revenue for HCL.

Research firm Forrester said in a report this month that Europe’s volatile economic situation and uncertainty about corporate IT budgets would result in possible delays or cancellations of some outsourcing projects.

Custom application (industry solution) and Enterprise application services contributed together more than half of HCL’s revenue in the June quarter.

HCL, among India’s top five software services firm, added 6,428 employees in the June quarter taking its total headcount to 64,557, it said in a statement.

Rising outsourcing demand has seen Indian IT firms boosting hiring and raising staff salaries as they battle intensifying competition from global rivals such as IBM (IBM.N) and Accenture (ACN.N).

HCL’s net debt came down to $36 million as on June ’10 from $221 million a year ago.

At 9.51 local time, shares in HCL Technologies (HCLT.BO), which the market values at about $5.5 billion, were trading up 4.08 percent at 388 rupees in a flat Mumbai market.

(Reporting by Sanjeev Choudhary; Editing by Ramya Venugopal)

((sanjeev.choudhary@thomsonreuters.com; +91 11 4178 1016; Reuters Messaging: sanjeev.choudhary.reuters.com@reuters.net))

((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: HCL TECH/

(C) Reuters 2010. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nSGE66R0DZ

Filed Under: International News Tagged With: Application Industry, Application Services, Custom Application, EBITDA, economic downturn, economic situation, Enterprise Application, HCL Technologies, Indian Software Companies, Industry Solution, infosys, Infy, Outsourcing Projects, quarterly profit, rival india, rupees, software services firm, tata consultancy services, Tata Consultancy Services Tcs, Wipro.

Buy Apple, Microsoft shares – Barron’s

July 26, 2010 By vani Leave a Comment

July 25 (Reuters) – Shares of tech giant Apple Inc (AAPL.O) and software company Microsoft Corp (MSFT.O) are still worth buying, Barron’s said in its July 26 edition.

Despite the tepid margin outlook for the current quarter and the fact that Apple’s stock has nearly tripled over the past 18 months, Apple shares are still attractive, the financial newspaper reported.

“Apple remains the best growth story anywhere, it really isn’t expensive, the economic downturn didn’t slow it one iota and it deserves a place in every tech portfolio,” Barron’s said in its “Technology Trader” column.

The newspaper recommended shares of Microsoft, citing its “blowout” results in the latest quarter and its upcoming initiatives, including the roll-out of the first smartphone using the new Windows Phone 7 OS, and the debut of Kinect, the new hands-free interface for the Xbox 360 game console.

Like Apple, Microsoft has an enormous cash pile, the newspaper pointed out, adding that Microsoft’s shares are “super cheap.”

At around $26, Microsoft stock trades for just 11 times the Street consensus forecast for the June 2011 fiscal year, a consensus number that seems destined to rise, the paper said. (Reporting by Dhanya Skariachan, editing by Maureen Bavdek)

Filed Under: International News Tagged With: aapl, Apple Microsoft, barron, blowout, Cash Pile, Consensus Number, economic downturn, Free Interface, Giant Apple, iota, microsoft corp, Microsoft Shares, Microsoft Stock, MSFT, reuters, software company microsoft, stock trades, Trader Column, Windows Phone, xbox 360

Bookies see Europe stocks flat, stress tests eyed

July 24, 2010 By vani Leave a Comment

July 23 (Reuters) – Financial bookmakers expected to see the leading European benchmark indexes opening flat on Friday, following the previous session’s rally, as investors eagerly awaited results from the banking sector’s stress tests.

Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open down 1 point to up 1 point, Germany’s DAX .GDAXI unchanged to up 1 point, and France’s CAC-40 .FCHI down 1 to 2 points.

In an effort to calm investors’ jitters over the potential impact of the euro zone debt crisis on Europe’s banking system, regulators are assessing how 91 banks across Europe would cope with another economic downturn, and the results are expected to be published on Friday.

“At this point, the market seems to have priced in the tests, as investors believe Europe won’t shoot itself in the foot by revealing very negative surprises. But to be credible, there has to be some damage,” said Christian Parisot, chief economist at Aurel BGC.

(Reporting by Blaise Robinson and Florent Le Quintrec; Editing by Helen Massy-Beresford)

Filed Under: International News Tagged With: Banking Sector, banking system, beresford, Blaise, bookies, Cac 40, chief economist, Christian Parisot, Debt Crisis, economic downturn, Euro Zone, europe stocks, Fchi, Florent, ftse 100, jitters, Massy, negative surprises, reuters financial, stress tests

Existing Emissions Laws Could Cut U.S. Footprint Without Climate Bill

July 24, 2010 By vani Leave a Comment

A day after the Senate pulled the plug on a comprehensive climate bill, a new report shows the U.S. could reduce greenhouse gas emissions 14 percent below 2005 levels by 2020 by aggressively using existing state and federal policies.

A 14 percent reduction, however, falls short of President Barack Obama’s Copenhagen commitment, as well the emissions reduction targets put forth in the most recent climate legislation that was put forth and failed over the last year. It also pales in comparison to the cuts most scientists say is needed to avoid the worst effects of climate change.

“The study highlights both the need to pass climate legislation and the importance of preserving existing authorities,” Jonathan Lash, president of the World Resources Institute, which wrote the report, said in a statement. “The study’s findings make it very clear that current efforts by Congress to curb U.S. EPA authority will undermine U.S. competitiveness in a clean energy world economy, block control of dangerous pollutants, and put the U.S. at odds with its allies.”

As Lash alluded to, the 14 percent reduction calculated by WRI is far from assured, given recent attacks on the EPA and state laws. Sen. Lisa Murkowski (R-Alaska), for example, tried and failed to rein in the EPA’s authority to regulate greenhouse gas emissions, while a push from Big Oil-funded organizations in California put the fate of the state’s aggressive climate change law on the November ballot. At the same time, some have backed off participation in regional emissions trading programs, such as Arizona, which distanced itself from the Western Climate Initiative because of the economic downturn.

The 14 percent reduction would require pushing existing laws and regulations to the fullest extent possible under a set of circumstances the World Resources Institute calls the “go-getter” scenario. The Obama administration and states would have to maintain “steadfast resolve” in order to achieve this upper range of emissions reductions.

The WRI study also evaluated the potential results from three other scenarios: a “lackluster” scenario with efforts in the lower range of what is technically possible; “middle-of-the-road,” based on the medium range of what is technically feasible, with moderate regulatory ambition; and a “business-as-usual” scenario.

It found that “lackluster” state and federal efforts would only push emissions to 6 percent below 2005 levels by 2020, while a “middle-of-the-road” approach would trim emissions 9 percent by 2020.

Keeping concentrations of carbon dioxide emissions below 450 parts per million, considered to be the upper range needed to avoid the worst impacts of climate change (but considered by some to still be too high) would require emissions reductions of 36 percent to 48 percent by 2020.

The most effective tools in the U.S. regulatory arsenal are the Clean Air Act’s mobile source and New Source Performance Standard provisions, its Title VI authority to reduce hydrofluorocarbons, and the Department of Transportation’s vehicle fuel efficiency authority.

Additional state level action would be needed to close the gap, as well as some regulatory policies not included the report, such as transportation planning and forest lands management. Existing tools will also need to be beefed up to meet long-term emissions reduction goals.

Filed Under: International News Tagged With: Barack Obama, Climate Initiative, Dangerous Pollutants, economic downturn, effects of climate change, emissions trading, energy world, Epa Authority, Federal Policies, Go Getter, greenhouse gas emissions, lisa murkowski, Lisa Murkowski R, President Of The World, reduction targets, Sen Lisa Murkowski, u s epa, Western Climate, World Economy, World Resources Institute

Research and Markets: Healthcare Information Technology: COI Insights – India – IT Budgets of Healthcare Organizations Expected to Grow Despite the Economic Slowdown

July 23, 2010 By vani Leave a Comment

DUBLIN–(Business Wire)–
Research and Markets
(http://www.researchandmarkets.com/research/36fba6/healthcare_informa) has
announced the addition of Frost & Sullivan’s new report “Healthcare Information
Technology: CIO Insights – India” to their offering.

This Frost & Sullivan research service titled Healthcare Information Technology:
CIO Insights India provides inputs over hospitals IT budgets, challenges in IT
implementation, and future plans for infrastructure and applications. In this
research, Frost & Sullivan’s expert analysts thoroughly examine the key market
trends from healthcare providers perspective to understand the budget
allocations, spending patterns, and perception of the key decision makers about
IT spending in hospitals.

Market Overview

IT Budgets of Healthcare Organizations Expected to Grow Despite the Economic
Slowdown

Regardless of the economic downturn, organizations in the healthcare domain are
increasing spend on healthcare IT solutions and services to expedite efficiency.
By deploying these solutions, companies in this space are able to resolve the
issue of rising healthcare costs. Healthcare provider perceptions about IT
solutions have changed drastically from that of an unnecessary cost burden to a
critical value provider. Most of the tertiary care hospitals have seen an
unusual increase in their IT budgets up to 10 percent in 2009, whereas for
others, there was no tangible change in IT spending. “From a technology
perspective, mobile devices and wireless technologies are top priorities for IT
investment in tertiary care hospitals,” notes the analyst of this research
service. “Some of the hospitals are also investing in setting up telemedicine
networks to expand their service outreach to underserved population areas, thus
increasing the referral patient base.” Healthcare organizations have been facing
challenges such as rising healthcare costs, demand for better quality
healthcare, and increasing labor shortage. Chief information officers (CIO) and
IT managers of hospitals have realized that investment in healthcare IT
solutions will lead to reduction in medical errors and cost savings in the long
run. This has boosted the uptake of healthcare IT solutions. Nearly 1-1.5
percent of hospital revenues is allocated for new IT investments. For Greenfield
projects, the allocated IT budget is approximately 3-4 percent of the total
budget.

Although the prospects for the market look upbeat, there are some issues
clouding the landscape. In the future, CIOs and IT managers in public and
private hospitals are expecting budget constraints and integration issues as
major impediments to their strategic IT investment plans. Observations reveal
that within the next 2 years, hospitals that had procured new software and
hardware between 2008 and 2009 will reduce IT expenditure. As the hospital
management has apprehensions about the ROI in quantifiable terms, budget
allocation for IT in hospitals is constrained. Lack of strategic IT planning is
a key barrier for IT product/service penetration in the healthcare space. This
is amplified by the shortage of qualified manpower to oversee the IT
systems/departments in hospitals. Due to attrition and changes in applications,
training of end users and their compliance will continue to cause angst for
participants in this space.

The absence of standards in this domain has further complicated matters. The
market is flooded with sub-standard products/services. “Lack of industry
standards in India is a major hindrance for healthcare IT solutions market,”
says the analyst. “It is very important to have these standards in place to
allow information to flow easily in the healthcare environment.” The future
trend with respect to healthcare IT adoption varies greatly from one country to
another. In India, the accent is more on replacing legacy systems. Currently,
hospitals have the basic administrative solutions in place and are now focusing
on implementation of clinical information systems and electronic medical
records.

Key Topics Covered:

1. Healthcare Industry Overview

2. Healthcare IT Market

3. 360 Degree Perspective Healthcare IT

4. CIO Insights

* 4.1 Current Market Drivers, Industry Challenges, and Unmet Needs
* 4.2 Priority Areas for Healthcare IT Investment
* 4.3 Trends in Healthcare IT Budgets
* 4.4 Preferred Healthcare IT Vendors and Selection Criteria
* 4.5 Future Trends, Barriers and Challenges to Healthcare IT Investment

For more information visit

http://www.researchandmarkets.com/research/36fba6/healthcare_informa

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Filed Under: International News Tagged With: budget allocations, Critical Value, economic downturn, economic slowdown, Expert Analysts, healthcare costs, Healthcare Domain, Healthcare Information Technology, healthcare organizations, Patient Base, Population Areas, Service Outreach, Solutions Companies, Tangible Change, Technology Perspective, Telemedicine Networks, Tertiary Care Hospitals, Top Priorities, Underserved Population, Value Provider

How Public-Private Partnerships Can Boost Green Building

July 23, 2010 By vani Leave a Comment

States are facing significant budget gaps. These budget gaps are going to negatively affect the green building industry. States looking to shore up budgets will cut new construction and maintenance of existing buildings in the coming years.

But there is a solution: public-private partnerships.

Just prior to the economic downturn, the phrase “public-private partnerships” – or P3s – was on the tip of everyone’s tongue. Then the Great Recession hit, and billions of dollars were injected into the economy via the American Recovery and Reinvestment Act (ARRA). Suddenly, states were flush with cash to pay for infrastructure projects and seemed to forget about P3s. However, the ARRA funding is running out and states will be looking for innovative ways to finance new construction and major rehabilitations of existing buildings.

P3s are the answer. What is a P3? According to the National Association of Public-Private Partnerships

“A Public-Private Partnership (PPP) is a contractual agreement between a public agency (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the sharing of resources, each party shares in the risks and rewards potential in the delivery of the service and/or facility.”

The classic example is a toll booth that is either constructed, maintained or operated by a private entity in exchange for some of the toll revenues.

But P3 practices are also being used for green building projects. For example, the General Services Administration recently entered into a P3 lease agreement for a new campus to house the National Nuclear Security Administration’s Kansas City manufacturing operations, which are seeking LEED Gold certification:

“The Heartland Region of the General Services Administration on Monday signed the final lease agreement with CenterPoint Zimmer LLC for a new campus to house the National Nuclear Security Administration’s Kansas City manufacturing operations. . . .

CenterPoint Zimmer, a subsidiary of CenterPoint Property Trust of Oak Brook, Ill., will receive annual rent of $61.5 million through the 20-year lease for a total contract amount of $1.23 billion. Stephen Stanberry, the GSA contracting officer who worked on the lease, said it is a “net of utilities” leasing, meaning the NNSA will pay its own utility costs.

In return for the NNSA lease payments, CenterPoint Zimmer will develop the new campus. . . .”

Filed Under: International News Tagged With: Building Projects, Contractual Agreement, economic downturn, General Services Administration, Gold Certification, Heartland Region, infrastructure projects, Lease Agreement, national nuclear security, national nuclear security administration, new construction, nuclear security administration, P3s, Private Entity, public private partnership, public private partnerships, Rehabilitations, reinvestment act, Toll Booth, Toll Revenues

Melrose Jewelers Is Now the Leading Online Rolex Watch Retailer in Paris, France

July 20, 2010 By vani Leave a Comment

PARIS, Jul 19 (MARKET WIRE) —
Melrose Jewelers: Melrose Jewelers, USA’s #1 Online Rolex Watch Retailer,
today announced that it has become the #1 Online Rolex Retailer in France
including Paris , Bouches-du-Rhone , Rhone , Haute-Garonne ,
Alpes-Maritimes , and Loire-Atlantique. In Q1 and Q2 2010 Melrose
Jewelers’ revenue from France jumped over 70% over the same period last
year.

Vanessa Puzio of Melrose Jewelers states, “French consumers have always
had an affinity for luxury goods and Rolex watches are no exception. Our
discounted Rolex watches have attracted many French customers who are
looking for luxury goods at a good price. The recent economic downturn in
the EU has not decreased the French buyer’s desire for luxury goods, but
they are looking for a better deal; that is where Melrose Jewelers comes
in. Melrose Jewelers has well priced Rolex watches and as a result we are
now capturing more of the French market.”

Several of the Rolex watch models customized for the French market
including Paris , Bouches-du-Rhone , Rhone , Haute-Garonne ,
Alpes-Maritimes , and Loire-Atlantique include: (simply visit
MelroseJewelers.com and enter the 3-digit code in the search box)

1. Men’s Two Tone Champagne Dial Smooth Bezel Rolex Datejust (165)

2. Men’s Two Tone Champagne Dial Gold Beadset Bezel Rolex Datejust (377)

3. Men’s Stainless Steel Black Dial Smooth Bezel Rolex Datejust (173)

4. Ladies Diamond Lugs Mother of Pearl Dial Rolex President (400)

5. Ladies’ Stainless Steel Mother of Pearl Dial Sapphire Channel Set Bezel
Rolex Datejust (670)

About Melrose Jewelers

Melrose Jewelers is the nation’s leading online retailer of Rolex wrist
watches including mens watches and ladies luxury watches and its
associates have, collectively, over 220 years of experience in importing,
restoring, and retailing Rolex watches and other luxury watches. Melrose
Jewelers was founded with one simple premise: Buying Rolex watches or
other luxury watches shouldn’t be mysterious or complicated. Similar to
the innovative yet simple business models of Progressive Insurance,
CarMax, or Blue Nile, Melrose Jewelers provides customers with low,
no-haggle pricing, luxury Rolex watches that are either new and unworn or
pre owned and restored to original factory specifications both inside and
outside, and a comprehensive 2-year warranty. Melrose Jewelers also
employs a staff of top university-educated Trained Experts that provide
customer service that extends from your initial sales call until years
after you’ve received your purchase. Melrose Jewelers is a proud member
of the Jeweler’s Vigilance Committee, the Manufacturers and Jewelers
Association of America, the International Watch & Jewelry Guild, the
National Association of Watch Collectors, and the California Sheriff’s
Association. Melrose Jewelers uses only Conflict-Free Diamonds and those
imported through the Kimberley Process as signed into act by U.S.
Congress in 2003. Melrose Jewelers is not an authorized agent or
affiliated with Rolex Germany, Rolex S.A., Rolex International,
Breitling, or Patek Philippe luxury watches. Rolex Day Date, Rolex
President, Rolex GMT Master, Rolex Daytona, Rolex Oyster Perpetual
Datejust, Rolex PearlMaster, Rolex Masterpiece, Rolex Super President,
Rolex Submariner, Rolex Yacht-Master, Rolex Explorer and Rolex Sea
Dweller are all trademarks of Rolex S.A. Melrose Jewelers’ watches
contain custom, aftermarket diamonds which will void the warranty of new
Rolex watches. Melrose Jewelers warranties its watches directly and Rolex
Japan has no obligation to warranty any watches sold by Melrose Jewelers .

Melrose Jewelers also hosts the Melrose Jewelers (MJ) Rolex Watch Blog.
The MJ Rolex Spain Blog is the world’s largest independent forum website
about Rolex events and Rolex and other luxury watches in pop culture.
With over 300 user-posted articles and new articles and commentary
updated daily, the Melrose Jewelers Rolex watches blog contains articles
about Rolex watches owned and popularized by Barack Obama, Warren
Buffett, Steve Jobs, Cristiano Ronaldo, Sienna Miller, Sean Penn,
Courtney Cox, Andy Roddick, LeBron James, Tara Reid, Danica Patrick,
Matthew McConaughey, Steven Wynn, Calvin Klein, Jamie Lynn Sigler, Eva
Longoria Parker, Tobey Maguire, Michael Dell, Ashton Kutcher, the Jonas
Brothers, Rafael Nadal, Roger Federer, Colt McCoy, Sam Bradford, Adriana
Lima, Arnold Schwarzenegger, Bill Murray, Barry White, Anne Hathaway,
Michael Jackson, Tony Soprano, Lindsay Lohan, Eddie Murphy, Anish Kapoor,
Tom Selleck, Jennifer Garner, Donald Trump, Jennifer Lopez, Lance
Armstrong, John Mayer, Cameron Diaz, Justin Timberlake, Brad Pitt, Drew
Barrymore, Matt Lauer, Sophie Marceau, Tim Tebow, Jay-Z, Zara Phillips,
O.J. Simpson, Madonna, Ana Ivanovic, Jennifer Aniston, Paris Hilton,
Orlando Bloom, Tupac Shakur, Cuba Gooding Jr, Lily Allen, & Wiley. Blog
postings on the MJ Rolex Italy Watch Blog are submitted by independent
Rolex enthusiasts and not by Melrose Jewelers.

About the Melrose Jewelers France website:

Melrose Jewelers, the #1 Online Rolex France Retailer, is available at
MelroseJewelers.com . Melrose Jewelers caters towards French cities
including Paris , Bouches-du-Rhone , Rhone , Haute-Garonne ,
Alpes-Maritimes , Loire-Atlantique , Bas-Rhin , Herault , Gironde , Nord
, Ille-et-Vilaine , Seine-Maritime , Marne , Loire , Var , Isere ,
Maine-et-Loire , Cote-d’Or , Finistere , Sarthe , Puy-de-Dome , Somme ,
Bouches-du-Rhone , Haute-Vienne , Gard , Indre-et-Loire , Reunion , Rhone
, Moselle , Doubs , Calvados , Loiret , Haut-Rhin , Seine-Maritime ,
Hauts-de-Seine , Pyrenees-Orientales , and Meurthe-et-Moselle.

Interested customers and media can visit MelroseJewelers.com to find out
about items including: Melrose Jewelers Reviews , Melrose Jewelers Rolex
Watch Blog , Melrose Jewelers Rolex , Melrose Jewelers Rolex Watch ,
Melrose Jewelers Store , Melrose Jewelers Rolex Watch Store , Melrose
Jewelers Watches , Melrose Jewelers Watch, Melrose Jewelers press release
and Melrose Jewelers address as well as about regional stores including
Melrose Jewelers Los Angeles , Melrose Jewelers California , Melrose
Jewelers USA , Melrose Jewelers Canada , Melrose Jewelers Mexico ,
Melrose Jewelers Australia , Melrose Jewelers Japan , Melrose Jewelers
UAE and Melrose Jewelers UK.

Contact:
Vanessa Puzio
323-650-0229

Filed Under: International News Tagged With: 220 years, Alpes Maritimes, Bouches Du Rhone, Champagne Dial, Digit Code, economic downturn, France paris, French Consumers, French Market, Haute Garonne, Ladies Stainless Steel, Leading Online Retailer, Loire Atlantique, luxury goods, Luxury Watches, Melrose, paris france, Pearl Dial, Rolex Datejust, rolex watches

Melrose Jewelers Is Now the Leading Online Rolex Watch Retailer in Paris, France

July 20, 2010 By vani Leave a Comment

1. Men’s Two Tone Champagne Dial Smooth Bezel Rolex Datejust (165)

2. Men’s Two Tone Champagne Dial Gold Beadset Bezel Rolex Datejust (377)

3. Men’s Stainless Steel Black Dial Smooth Bezel Rolex Datejust (173)

4. Ladies Diamond Lugs Mother of Pearl Dial Rolex President (400)

5. Ladies’ Stainless Steel Mother of Pearl Dial Sapphire Channel Set Bezel
Rolex Datejust (670)

About Melrose Jewelers

About the Melrose Jewelers France website:

Contact:
Vanessa Puzio
323-650-0229

UPDATE 1-Fenner sees Q3 sales, underlying profit up

July 20, 2010 By vani Leave a Comment

July 19 (Reuters) – British industrial conveyor belt maker Fenner (FENR.L) said it expected third-quarter underlying operating profit and revenue to be well ahead of a year ago, helped by a recovery in U.S. industrial markets.

The company, whose belts are predominantly used in the mining industry, said while trading in its advanced engineered products exceeded its own view, its seals business benefitted from good levels of demand from the oil and gas sector.

“The conveyor belting division, which was largely unaffected by the economic downturn, has continued to perform well,” Fenner said in a statement.

The company, which generates 75 percent of its revenue from outside Europe, remained confident about its short- and longer-term outlook on encouraging order flows.

Fenner, which raised about 36.3 million pounds via a share placing in April, said it would continue looking for growth through acquisition for its service business.

Shares in the company were up 0.3 percent down at 216.5 pence at 0721 GMT on Monday on the London Stock Exchange. (Reporting by Aditi Samajpati in Bangalore; Editing by Unnikrishnan Nair)

Filed Under: International News Tagged With: belts, Business Shares, conveyor belt, Conveyor Belting, economic downturn, Engineered Products, gas sector, Industrial Markets, london stock exchange, Mining Industry, Nair, oil and gas, operating profit, pence, q3, reuters, seals, Service Business, Term Outlook, Unnikrishnan

Green Business Forecast Shows Strong Growth Ahead

July 20, 2010 By vani Leave a Comment

Our most recent green economy survey shows signs of steady growth in corporate environmental initiatives, a level of optimism that outstrips that of the overall recovering economy, according to the semi-annual “Green and the Economy” survey conducted by our GreenBiz Intelligence unit.

The two best pieces of news: Hiring continues to increase and company environmental budgets are growing.

Twice a year, we ask our 3,150-member GreenBiz Intelligence Panel for their views on key green economic indicators. Our most recent survey, conducted in late June and early July, garnered 483 responses, with 43 percent from companies with revenues of more than $1 billion (which we define as “large companies”). With four such surveys under our belts, we can now see clear trends in the green economy since the beginning of 2009.

Perhaps the biggest shift since our previous survey, in late 2009, is that the economic downturn is no longer driving most large companies’ environmental strategy. For companies with over $1 billion in annual revenue, the economic downturn has taken a backseat to growing customer requirements as the principal driver of corporate environmental strategy. For smaller firms, the economy still looms large.

Here’s what our most recent survey found:

The economy is no longer the green driver. A year ago, when we asked what was influencing companies most in terms of environmental issues, the answer was clear: It’s the economy, stupid. Forty-eight percent of all businesses and 40 percent of large businesses cited the economic downturn as having the single biggest impact on their environmental strategy. Today, for large businesses, this is no longer the case: Only 20 percent cite the economy as driving their green agenda, while 35 percent of large companies name customer requirements as having the largest impact and 25 percent identify company leadership as being the main driver. In fact, company leadership has steadily increased in influence: In early 2009, only half as many large companies — 12 percent — identified this as the major impact on their environmental strategy.

Smaller firms are still seeing the effects of the economic downturn. Of those with revenues under $1 billion, 47 percent still cite the economic downturn as having the greatest impact on their company in terms of environmental issues. For all companies, the impacts of carbon regulations as well as energy prices are viewed as negligible.

Next Page: The latest trends for spending, hiring freezes, top environmental initiatives and investment.

!–pagebreak– Spending continues its upward climb. At this point in 2009, only 63 percent of large companies said they would spend either the same or more than the previous year on environmental, health, and safety initiatives. This year, 84 percent of large companies say they are doing so. And 70 percent of companies with revenues under $1 billion report that their 2010 spending will either remain steady or increase over 2009.

Hiring freezes continue to thaw. Large companies, in particular, are increasing headcount for environmental and sustainability roles. In early 2009, 27 percent of large companies reported hiring freezes and only 8 percent planned to increase headcount for environmental departments. Today, only 11 percent report hiring freezes and over 28 percent plan to increase headcount, a major swing. This also represents a significant increase from just six months ago, when 23 percent of the large firms planned to increase headcount. The news isn’t quite as good for smaller firms: only 20 percent plan to hire for environmental and sustainability roles in the short term.

Energy efficiency remains job one. Reducing energy use through efficiency measures continues to be the primary environmental initiative for companies of all sizes. Thirty-four percent of large companies and 26 percent of smaller companies view energy reduction as their most important environmental initiative. It was a slightly different story six months ago, when 23 percent of those surveyed identified their highest priority initiative to be increasing investments in green product development while 22 percent cited energy efficiency. This shift doesn’t mark a decrease in green product investment, but rather a higher priority focus on cost savings.

Where large and smaller companies differ in terms of their key initiatives is their concern about “keeping green on the agenda.” While only 18 percent of large companies are concerned about continuing their green initiatives, 30 percent of smaller companies are trying to make sure green stays on the agenda. That likely reflects the fact that environmental initiatives have made deeper inroads in larger companies, so are no longer seen as optional or expendable. Most smaller firms haven’t yet reached this point.

Investments in innovation continue to grow. One area that has remained steady over the past year and a half is the high level of investments in green product development. Eighty-five percent of large companies report 2010 investments equal to or greater than last year’s, a number consistent for each of our previous surveys. This time, we also asked if companies have a formal strategy for product innovation. The result: 84 percent of large companies and 82 percent of smaller firms say they do. Those strategies are more prevalent among smaller firms. Sixty-nine percent of companies with revenues below $1 billion consider green as a key aspect of their innovation strategy, compared to 60 percent of large companies.

We’ll be taking a deep dive into the intersection of sustainability and innovation at our GreenBiz Innovation Forum, October 19-20 in San Francisco. For now, while the general economy may appear to stagger forward in fits and starts, our research shows a steady forward march in green innovation and investments.

John Davies is vice president of GreenBiz Intelligence, which provides independent and unbiased research regarding green strategies and business operation, and leads the GreenBiz Executive Network, a member-based, peer-to-peer learning forum for sustainability professionals.

Filed Under: International News Tagged With: 1 Billion, agenda, backseat, belts, budgets, Company Leadership, Corporate Environmental Strategy, Customer Requirements, economic downturn, economic indicators, economy, Environmental Initiatives, environmental issues, Intelligence Panel, intelligence unit, optimism, Principal Driver, signs, survey, surveys

UPDATE 1-ASML raises sales outlook as Q2 beats forecasts

July 15, 2010 By vani Leave a Comment

AMSTERDAM, July 14 (Reuters) – Dutch chip equipment maker ASML (ASML.AS)(ASML.O) on Wednesday raised its full year sales outlook as it sees robust demand for its machines that produce chips for PCs and smartphones.

The world’s largest maker of semiconductor lithography machines, which map out electronic circuits on silicon wafers, said second quarter sales were 1.07 billion euros ($1.35 billion) up from 742 million euros in the previous quarter.

That was above analysts’ average expectations of 1.025 billion euros in a Reuters poll. [ID:nWEA9397]

The value of its new orders, seen as a barometer for the chipmaking industry, rose to 1.12 billion euros, which was also above expectations.

The Veldhoven-based company now expects 2010 sales to rise 10 to 15 percent above its 2007 peak of 3.8 billion euros, up from a previous guidance of at least 3.8 billion euros.

“This level of sales is expected to continue into 2011, barring a major macro-economic downturn, as it is supported by a number of fundamental growth drivers,” ASML Chief Executive Eric Meurice said in a statement.

ASML’s customers include the world’s largest chip maker Intel Corp (INTC.O), which reported better than expected results this week. [ID:nN12197658]

ASML also competes with Japan’s Nikon Corp (7731.T) and Canon Inc (7751.T) ($1=.7939 Euro) (Reporting by Harro ten Wolde; Editing by Samia Nakhoul)

Filed Under: International News Tagged With: asml, barometer, Canon Inc, Chip Equipment, Chip Maker Intel, economic downturn, electronic circuits, eric meurice, Fundamental Growth, Growth Drivers, Intc, Intel Corp, July 14, Lithography Machines, Poll Id, reuters poll, robust demand, Second Quarter Sales, Semiconductor Lithography, Silicon Wafers

UK firms cut advertising spend in Q2 – survey

July 13, 2010 By vani Leave a Comment

July 12 (Reuters) – British companies cut their marketing budgets in the second quarter and sentiment dropped to its lowest level for a year, a survey showed on Monday, suggesting the rebound in economic activity is waning.

The survey of around 300 British companies for the IPA/BDO Bellwether report found that advertising budgets for nearly all categories were revised down.

“The downward revision to marketing budgets in the second quarter is disappointing as it fails to build on the return to growth seen earlier in the year and highlights the fragility of the UK economic recovery,” said Chris Williamson, chief economist at Markit and author of the report.

“Companies are exercising increased caution in their expenditure in the face of likely slower economic growth in the second half of the year.

“However, it is encouraging to see that marketing spend is still set to increase for the year as a whole compared to 2009, albeit to a lesser extent than signalled in the first quarter.”

The report also said the rate that companies cut their budgets was much slower than that seen at the height of the economic downturn.

Almost 20 percent of the companies reported a cut to their spending, compared with 15 percent that increased the rate.

Some 25 percent of marketing executives described themselves as pessimistic about the financial prospects for their company, compared with 20 percent in the first quarter.

Of the different categories, main media spend was revised down in the quarter following a modest upgrade in the previous quarter. Spending on the Internet increased slightly however the rate of growth was the slowest for three quarters.

“The second quarter BDO/IPA Bellwether report reveals a cautious and uncertain picture,” Andy Viner, the head of media at BDO said. “After a strong rebound in Q1, optimism and confidence appear to be waning.

“It is clear that there are increasing signs that uncertainty over economic prospects continue and that corporates remain focussed on cost control against a backdrop of the risk of a double dip.”

(Reporting by Kate Holton; Editing by Erica Billingham)

Filed Under: International News Tagged With: Advertising Budgets, bdo, Bellwether Report, chief economist, corporates, Downward Revision, economic activity, economic downturn, economic growth, economic prospects, economic recovery, Financial Prospects, fragility, Ipa, Markit, optimism, Rebound, reuters, second quarter, three quarters

UPDATE 1-Moneysupermarket.com sees dip in H1 earnings

July 10, 2010 By vani Leave a Comment

LONDON, July 9 (Reuters) – British price comparison website Moneysupermarket.com (MONY.L) expects a small fall in first-half underlying earnings as investment and tough travel markets offset revenue growth in money and insurance products.

The group, which uses actor and comedian Omid Djalili in its advertising, said earnings before interest, tax, deprecation and amortisation (EBITDA) were likely to be about 18 million pounds ($27.3 million) for the six months to June 30, down from 18.6 million in the same period last year.

This was due in part to higher spending on advertising and product development, which the group said was yielding benefits, with gross profit margins up by an undisclosed amount and profitability improving throughout the period.

Revenues rose about 5 percent to 71.5 million pounds, with UK internet revenues up 6 percent.

Excluding travel, UK internet revenues climbed over 10 percent, driven by strong growth in money- and insurance-related products.

Travel revenues were down 20 percent, reflecting broader problems in an industry hit by the economic downturn and the disruption to flights due to a volcanic explosion in Iceland.

Moneysupermarket.com shares have lagged the UK media sector .FTASX5550 by 14 percent this year. They closed at 69.1 pence on Thursday, valuing the business at about 354 million pounds. (Editing by David Cowell)

Filed Under: International News Tagged With: Amortisation, comedian, David Cowell, Deprecation, EBITDA, economic downturn, Gross Profit Margins, H1 Earnings, insurance products, Interest Tax, Internet Revenues, media sector, Moneysupermarket, Omid Djalili, pence, Price Comparison Website, reuters, Travel Markets, uk internet, Volcanic Explosion

Number of Fleets Measuring Emissions Doubles in Two Years

July 7, 2010 By vani Leave a Comment

According to the latest green fleet survey from PHH Arval, almost half of all corporate fleet managers are measuring their emissions, and encouraging emissions reductions through driver behavior change, despite the economic downturn.

The findings come from the company’s annual industry-wide survey of fleet managers on their environmental initiatives, which found that 49 percent of all fleets are now measuring their emissions, up from 28 percent in 2008.

Although cost of environmental initiatives continues to be a concern — 42 percent of respondents cited costs as a key barrier to greening their fleets — the economic downturn has slowed some of those initiatives. In this year’s survey 51 percent said the economy had no impact on their progress, while 20 percent said it had slowed them down.

But 28 percent said that the economy served as a spur to increase the speed of their green programs, and 29 percent of respondents have found cost savings as a direct result of reducing the emissions from their fleets.

Driver behavior has become one of the top ways that companies are focusing on improving fleet efficiency; as the chart below shows, 56 percent of companies say driver behavior is one strategy for cutting emissions.

Overall, the survey finds increased awareness in and action around environmental improvements for fleet managers, with a steady rise over the company’s 2009 and 2008 surveys.

The full white paper is available for download from www.phharval.com/greensurveyresults.

Filed Under: International News Tagged With: Behavior Change, Chart Below Shows, Corporate Fleet, cutting, Driver Behavior, economic downturn, economy, emissions, Environmental Improvements, Environmental Initiatives, Fleet Efficiency, Fleet Managers, Fleet Survey, fleets, respondents, spur, surveys, Top Ways

Research and Markets: European Markets for Coronary Artery Bypass Graft Devices to 2013

July 6, 2010 By vani Leave a Comment

DUBLIN–(Business Wire)–
Research and Markets
(http://www.researchandmarkets.com/research/c1e3ef/european_markets_f) has
announced the addition of the “European Markets for Coronary Artery Bypass Graft
Devices 2009″ report to their offering.

Through 2013, the market for coronary artery bypass graft (CABG) devices in
Europe will be driven largely by an increase in procedure volumes caused by
rising rates of coronary artery disease (CAD) and a growing need for repeat
revascularization procedures. Although the market will be limited by less
invasive alternative treatments, such as medical managment and percutaneous
coronary interventions, growing adoption of endoscopic vessel harvesting (EVH)
devices and anastomosis assist devices (AADs) will further support revenue
growth over the forecast period.

Questions Answered in This Report:

The global economic downturn beginning in late 2008 had a broad impact on
European CABG device markets. How have budget restrictions affected the
replacement rate of capital equipment required for CABG procedures? How long
will this impact continue to be felt in the CABG device market?

Cardiac surgeons across Europe are increasingly opting for off-pump coronary
artery bypass (OPCAB) over on-pump coronary artery bypass (ONCAB) methods. How
rapidly is this shift occuring? Will OPCAB completely replace ONCAB? For which
patient subgroups might ONCAB still have a role?

Treatment of CAD by CABG is in direct competition with interventional cardiology
methods. What clinical studies are affecting physicians’ choices? How will the
introduction and adoption of EVH and minimally invasive CABG devices affect this
rivalry?

The competitive landscape of the European CABG device market is highly dynamic.
How have companies used acquisitions to reshape or expand their portfolios? How
do the competitive landscapes of the covered countries differ?

Scope:

Regions covered: France, Germany, Italy, and the UK

Segmentation: Our analysis uses the following segmentation of the market:

* Cardiac surgery labs
* ONCAB devices
* – Disposable perfusion devices (custom perfusion pack and stand-alone:
arterial filters, cardioplegia systems, centrifugal blood pumps,
hemoconcentrators, oxygenators, reservoirs, mini-bypass circuits, and cannulae)
* – Capital equipment (cardiopulmonary bypass machines and centrifugal pump
controllers)
* OPCAB devices
* – Primary devices (stabilizers, positioners, and OPCAB kits)
* – Accessories (blowers/misters and coronary shunts)
* EVH devices
* – Saphenous vein procedures
* – Radial artery procedures
* AADs
* – Proximal (hemostatic seal systems and automated graft delivery system)
* – Distal

Market forecast features: Based on primary research with industry professionals,
we use our proprietary forecasting model to provide an in-depth examination of
current and future trends in procedure volumes, unit sales, average selling
prices, and market values over a 7-year period (20072013).

Competitive analysis: We provide a detailed analysis of the competitive
landscape in the market, as well as market shares and qualitative discussions of
the leading competitors in each market segment.

Key Topics Covered:

TABLE OF CONTENTS

LIST OF EXHIBITS

EXECUTIVE SUMMARY

METHODOLOGY

1.0 EUROPEAN CORONARY ARTERY BYPASS GRAFT DEVICE MARKET

2.0 ON-PUMP CORONARY ARTERY BYPASS DEVICE MARKET

3.0 OFF-PUMP CORONARY ARTERY BYPASS DEVICE MARKET

4.0 ENDOSCOPIC VESSEL HARVESTING DEVICE MARKET

5.0 ANASTOMOSIS ASSIST DEVICE MARKET

APPENDIX A: MRG ACRONYMS AND INITIALISMS

APPENDIX B: SUPPLEMENTAL EXHIBITS

For more information visit

http://www.researchandmarkets.com/research/c1e3ef/european_markets_f

Source: Millennium Research Group

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Filed Under: International News Tagged With: acquisitions, alternative treatments, Anastomosis, Budget Restrictions, business wire, Cardiac Surgeons, Coronary Artery Bypass, Coronary Artery Bypass Graft, coronary artery disease, Device Markets, economic downturn, European Markets, Forecast Period, France germany, Landscapes, Occuring, Percutaneous Coronary Interventions, Portfolios, rivalry, Subgroups

Gentle Dentistry Makes the Buffalo Business First Fast Track 50 List 3rd Year in a Row

June 30, 2010 By vani Leave a Comment

BUFFALO, NY, Jun 29 (MARKET WIRE) —
Buffalo Business First released this year’s Fast Track 50 List naming the
50 fastest growing companies in the Western New York area last week and
Gentle Dentistry of East Aurora, PLLC has made the list for the third
year in a row.

Gentle Dentistry was number 17 on the list this year showing very
positive growth in what can only be called the worst economic downturn in
history.

The company grew an impressive 44.35%, increasing revenue from $3.6
million in 2008 to $4.1 million in 2009.

Last year, Gentle Dentistry saw exponential growth and was ranked number
15 on the list. From 2007, Gentle Dentistry grew from $2.8 million in
sales to $4.1 million in 2010.

When asked what she attributes her growth to, Dr. Leslie Glassbrenner
replied, “The administration technology that I have implemented in my
company is the key. Coupled with a great team, I have a winning
combination and an unstoppable growth potential.

“It is an honor to be amongst the entrepreneurs on this list and the
management and staff at Gentle Dentistry would like to thank everyone who
has made this achievement possible, including the patients, the team and
the management specialists who have helped us implement this technology.”

Business First’s Fast Track 50 Award honors the 50 fastest growing
independent and privately held companies in Western New York.

The Fast Track 50 companies must be independent, for-profit and privately
held; have an average of at least $1 million in revenue for the three
most recent years and have a three-year operating sales history.

For Info:
Teresa Reile
716 997 9069

Filed Under: International News Tagged With: 1 million, 6 million, Buffalo Business, buffalo ny, East Aurora, economic downturn, entrepreneurs, Exponential Growth, fast-track, Fastest Growing Companies, Gentle Dentistry, independent, List Management, Management Specialists, Number 17, Pllc, Row Buffalo, Sales History, Technology Business, winning combination

Gentle Dentistry Makes the Buffalo Business First Fast Track 50 List 3rd Year in a Row

June 30, 2010 By vani Leave a Comment

Gentle Dentistry was number 17 on the list this year showing very
positive growth in what can only be called the worst economic downturn in
history.

The company grew an impressive 44.35%, increasing revenue from $3.6
million in 2008 to $4.1 million in 2009.

Last year, Gentle Dentistry saw exponential growth and was ranked number
15 on the list. From 2007, Gentle Dentistry grew from $2.8 million in
sales to $4.1 million in 2010.

Business First’s Fast Track 50 Award honors the 50 fastest growing
independent and privately held companies in Western New York.

For Info:
Teresa Reile
716 997 9069

UAE’s Aramex sees Q2 profit similar to Q1

June 21, 2010 By vani Leave a Comment

DUBAI, June 20 (Reuters) – Dubai-based logistics firm Aramex ARMX.DU, whose first-quarter profit rose 10 percent, on Sunday said it expected second-quarter profit to be in line with the first, helped by a recovery in global markets.

Speaking to Reuters, Chief Executive Fadi Ghandour also said the company was looking to conclude a joint venture deal in China in the next few months and two acquisitions before the end of the year.

“(For Q2) we are in line with Q1,” said Ghandour. “Trading is back on track and we are having some healthy revenue growth.”

Dubai-listed Aramex posted a 10 percent rise in first-quarter net profit to 47.5 million dirhams ($12.93 million), slightly exceeding expectations.

The firm competes with global giants such as Fedex (FDX.N) and DHL [DHL.UL].

In January, Ghandour told Reuters the firm was in talks to sign a joint venture with a Chinese firm, as it looks to take advantage of an uptrend in exports in the world’s third-largest economy. [ID:nLDE60U01V]

Talks were still ongoing with the Chinese company but are yet to be finalised, Ghandour said on Sunday.

On acquisitions, he said: “We have identified some targets and that’s on track for the next four quarters. (We are looking) at not more than two for this year.”

He added the firm is most likely to conclude those in the fourth-quarter of the year.

Ghandour had told Reuters in January that the company aimed to enter at least 10 new key markets through small acquisitions over the next two years, and eyed areas including Africa, the CIS countries (former soviet nations) and Asia.

Logistics firms have suffered during the economic downturn and a rare decline of China’s exports for the most part of 2009, but a recovery has taken root since the middle of last year. (Editing by Jon Loades-Carter)

Filed Under: International News Tagged With: Aramex, Asia Logistics, chinese company, Chinese Firm, Cis Countries, Dhl, economic downturn, Fdx, Fedex, Fourth Quarter, Ghandour, Global Giants, global markets, joint venture, net profit, quarter profit, reuters, Soviet Nations, Uptrend, Venture Deal

Riots spread to three more cities in Britain

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Buy Apple, Microsoft shares – Barron’s

Bookies see Europe stocks flat, stress tests eyed

Existing Emissions Laws Could Cut U.S. Footprint Without Climate Bill

Research and Markets: Healthcare Information Technology: COI Insights – India – IT Budgets of Healthcare Organizations Expected to Grow Despite the Economic Slowdown

How Public-Private Partnerships Can Boost Green Building

Melrose Jewelers Is Now the Leading Online Rolex Watch Retailer in Paris, France

Melrose Jewelers Is Now the Leading Online Rolex Watch Retailer in Paris, France

UPDATE 1-Fenner sees Q3 sales, underlying profit up

Green Business Forecast Shows Strong Growth Ahead

UPDATE 1-ASML raises sales outlook as Q2 beats forecasts

UK firms cut advertising spend in Q2 – survey

UPDATE 1-Moneysupermarket.com sees dip in H1 earnings

Number of Fleets Measuring Emissions Doubles in Two Years

Research and Markets: European Markets for Coronary Artery Bypass Graft Devices to 2013

UAE’s Aramex sees Q2 profit similar to Q1

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