AWB posts full-year loss but hopes for better Nov 18, 2009
AWB managing director Gordon Davis said the 2009 full year result was disappointing, but AWB was forecasting profit before tax and significant items for its continuing businesses of $95 million to $115 million in fiscal 2010. Mr Davis said this was before taking into account the benefit of a recent capital raising, which should generate interest savings of $20 million to $25 million. (Sydney Morning Herald -- Business)
Rich Myers to run for re-election Nov 18, 2009
As a legislator in Springfield, Myers serves as co-chairman of the bi-partisan Commission of Government Forecasting and Accountability (COGFA). Lawmakers rely on the commission to provide them with reliable research and information about state and national economies, revenue projections and operations of Illinois government. (Carthage (Hancock County) Journal Pilot, IL)
Area residents hopeful about economy, survey says Nov 18, 2009
This anxiety, much of it related to weak labor markets, has consumers keeping a tight rein on spending, and economists forecasting a long, difficult recovery. Last month, a Suffolk University/Boston Globe poll found that 2 of 3 Massachusetts residents who were surveyed believed an economic recovery was underway, but nearly half were worried about losing their jobs. (Boston Globe)
Agriculture outlook is cautiously optimistic Nov 18, 2009
Most private economists are forecasting a falling dollar in the year ahead, but the U.S. could see a rise in farm exports, which makes the U.S. more competitive overseas. U.S. agriculture needs to focus on exports to developing countries with an expanding middle-class population. (Mattoon Journal-Gazette, IL)
Real estate group looks on bright side Nov 18, 2009
Forecasting in this environment is a fool's game, said Kenneth Rudy, head of U.S. capital markets for Jones Lang LaSalle. But tying into the day's theme, a recession is a terrible thing to waste, he said, Let's not waste this opportunity now and into the future and not waste an opportunity to learn from the past. (San Diego Union-Tribune)
* UK investment manager positive on China and India Nov 18, 2009
Bolton reiterated his top four picks for future gains X consumer cyclicals, technology, value stocks and the financial sector X forecasting a shift from cyclicals to growth stocks over the medium term ... Bolton also favored gold, saying that investors should consider having some exposure to gold, while forecasting crude oil prices should range between US$50 to US$80 a barrel in the coming year. (Taipei Times, Taiwan -- World)
World's carbon emissions continue rise, despite recession Nov 18, 2009
This year, scientists are forecasting a nearly 3% reduction, despite China because of the massive economic slowdown in most of the world and in the USA.. The U.S. is still the biggest per capita major producer of man-made greenhouse gases, spewing about 20 tons of carbon dioxide per person per year. (USA Today -- Tech)
Analysts: Phoenix growth rate flat since '07 Nov 18, 2009
Growth projections came into question in June 2008, when a Republic analysis found the method for tracking and forecasting the state's population, based on homebuilding permits and housing-vacancy numbers, was not accurate. The heavy influx of investors during the housing boom had driven up both numbers. (AZCentral)
Open Range Energy Corp. Reports Third Quarter Results, Provides Operational Outlook and Announces First-Half 2010 Guidance Nov 17, 2009
After closing, our current production rate is approximately 3,500 boe per day and with this sharply increased production over the remaining 45 days of the year we are now forecasting 2009 average production of 2,450 boe per day, up from 2,400 boe per day. Increasing our working interests at Ansell/Sundance rather than acquiring a new asset offered unique advantages. (CCNMatthews Press Releases)
Fragile European recovery spurs worries Nov 17, 2009
The Bank of France estimates the second-largest economy in the eurozone will keep growing, if feebly, forecasting 0. 5 percent growth in the fourth quarter. (Courier-Journal -- Business)
Planemakers predict better times Nov 17, 2009
The world's two biggest planemakers, Airbus and Boeing, are forecasting a recovery in demand next year. Airbus's chief operating officer, John Leahy, said he saw the market improving, adding there was no longer talk of cancellations and deferrals. (BBC News -- Business)
Studio featured on 'Queer Eye' ready to sell its shares Nov 17, 2009
At the time, the company was forecasting sales of $80 million, which it reached. This was up from about $55 million a year earlier and $40 million in 2001. (Yahoo News -- Queer Eye for the Straight Guy)
Welcome, comrade Maobama Nov 17, 2009
We are forecasting a consumer boom lasting up to the next Chinese New Year on February 14, 2010. So our priority is to keep on growing; later we may think about devaluing the yuan. (Asia Times Online)
Kenya: Erratic Short Rains Fuel Power Bills to Record High Levels Nov 16, 2009
Investment analysts, led by Goldman Sachs, are forecasting that crude prices will continue to rally and could hit $90 a barrel before year end -- pointing to more pain for power consumers and motorists. The fuel component of the bill has risen from Sh4. (allAfrica.com)
Asia Currencies Advance, Led by Peso, Rupiah on Economic Recovery Optimism Nov 15, 2009
Asian nations are enjoying a rebound from the slowdown earlier in the year, so that gives you a little more optimism, said , Singapore-based director of Asian forecasting at Action Economics. The gained 1. (Bloomberg -- Australia & New Zealand)
Japan's Hitachi to Raise up to $4.5 Billion: Sources Nov 15, 2009
Hitachi lost 787 billion yen in the past business year ended in March, a record for a Japanese manufacturer, and is forecasting a loss of 230 billion yen in the current year to March 2010. 1. (ABC News -- Wire)
Obama vows 'serious' bid to cut US deficit Nov 15, 2009
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Businesses fear Europe's recovery to remain timid Nov 15, 2009
The Bank of France estimates the second largest economy in the euro zone will keep growing, if feebly, forecasting 0. 5 percent growth in the fourth quarter. (The Augusta Chronicle)
Retailers hopeful for the holidays Nov 15, 2009
We had customers who didn't have power for days and couldn't cook for their children. It was the worst possible condition for a holiday season. (Seacoast New Hampshire)
German Economy to Expand 1.6% Next Year, Merkel's Advisory Panel Predicts Nov 14, 2009
6 percent in 2010 in a fragile export-led recovery, faster than government is forecasting, her council of economic advisers said. Stimulus spending to overcome the impact of Germanys worst recession since World War II will help lift the budget deficit to 5. (Bloomberg -- Germany)
German Economy Expanded by 0.7% in Third Quarter as Recovery Gathered Pace Nov 14, 2009
The government last month raised its economic outlook, forecasting expansion of 1. 2 percent in 2010 after a 5 percent contraction in 2009. (Bloomberg -- Germany)
Experts divided over cost of US health care overhaul Nov 13, 2009
And any forecasting errors by the CBO or the Joint Committee on Taxation could cause deficits to swell billions of dollars higher than anticipated, he said. Alexander Hertel-Fernandez, a researcher for the Washington, D.C.-based Economic Policy Institute, said while costs may rise somewhat, the bill is no budget breaker. (Xinhuanet, China)
Stock futures signal rise; A&F, JC Penney eyed Nov 13, 2009
Abercrombie is announcing third-quarter results, with analysts in a Reuters survey forecasting the company to earn 0. 20 cents a share compared with 0. (Yahoo News -- Press Releases)
Economics cliche department Nov 13, 2009
At points, Rudd sounded more television weatherman than prime minister, boldly forecasting that Australia was well placed to ''weather the global economic storm. It was all hands on deck. (Sydney Morning Herald -- Opinion)
Scientist: CO2 not causing global warming... Nov 13, 2009
Dr. Syun-Ichi Akasofu, Director of the International Arctic Research Center DOES NOT AGREE. Dr. J Scott Armstrong, founder of the Journal of Fo 00004000 recasting and International Journal of Forecasting DOES NOT AGREE. Dr. Vincent Gray, 17 year climate science expert of world renown stature DOES NOT AGREE I have a list of 150 experts that have degrees and experience that far exceeds the men and women claiming to be "the experts" on global warming. These scientists and researchers who represent... (The Drudge Report)
NuVista Energy Ltd.: Third Quarter Interim Report Nov 13, 2009
NuVista is forecasting our 2009 annual operating expenses to average approximately $8 ... NuVista is forecasting 2009 general and administrative costs for the remainder of the year to average approximately $1 ... 87 CDN/USD, and including price risk management contracts, NuVista is forecasting funds from operations for 2009 of approximately $190 million. (CCNMatthews Press Releases)
U.S. Treasury Confident Congress Will Increase $12.1 Trillion Debt Ceiling Nov 13, 2009
Forecasting a precise date for a debt-ceiling collision is difficult because the governments cash flows are volatile, the Treasury said last week, adding that it would keep markets and lawmakers notified of developments. The department said it could need extra immediate cash because theres so much uncertainty surrounding incoming taxes and outgoing spending on fiscal stimulus and financial market stabilization programs. (Bloomberg -- US)
South Korean Central Bank Keeps Key Interest Rate at 2% for Ninth Month Nov 12, 2009
The sense is that the recovery is proceeding and the central bank will be looking to begin raising rates as we move into next year, probably sometime in the first quarter, said , director of Asian forecasting at Action Economics in Singapore. Governor Lee and Finance Minister said last month gross domestic product may expand this year, reversing earlier predictions of a contraction. (Bloomberg -- Asia)
Macy's reports smaller-than-expected loss but outlook disappoints Nov 12, 2009
The company did improve its outlook for full-year same-store sales, forecasting a decline of 5. 4% to 5. (USA Today -- Money)
The Smart Grid Ready Framework, Part I Nov 12, 2009
You are invited to join a free webcast where Black h Managing Director and Principal of the company's Energy Market Perspective market forecasting service will share key findings of the latest market research ... This includes automated aggregation of information from multiple operational systems to provide consistent datasets for planning, pricing, forecasting and other analytics. (Energy Pulse, CO)
Implications Of Past Forecasting Errors Often Underestimated Nov 12, 2009
11, 2009) When managers issue a forecast of their firm's earnings, they do not always take into account prior forecasting errors, according to research in the current issue of the Journal of Business Finance & Accounting ... She found that managers often underestimate the implications of their past forecasting errors when forecasting earnings. (Science Daily)
Global Confidence Drops as Central Banks Begin to Exit Emergency Stimulus Nov 12, 2009
5 from 50 as the government, which is spending 85 billion euros ($127 billion) to stimulate growth, last month raised its outlook for the economy, forecasting an expansion of about 1. 2 percent in 2010 after a 5 percent contraction this year. (Bloomberg -- Asia)
Press Release: Statement at the Conclusion of an IMF Staff Visit to the Democratic Republic of the Congo Nov 12, 2009
"Against this backdrop, the authorities implemented their 2009 economic program satisfactorily through end-September, with government revenues and expenditure in line with projections. However, lack of timely coordination between the Treasury and the Central Bank impeded liquidity management, resulting in excess liquidity in the economy. The mission welcomes the recent tightening of monetary policy, which should help moderate inflation, and the efforts being undertaken to improve coordination in... (IMF News)
Prime Restaurants Royalty Income Fund Announces Third Quarter 2009 Results, Declares Distribution and Appoints New Trustee Nov 12, 2009
Assumptions and analysis about the performance of the Fund and PRC and the markets in which they operate are considered in forecasting the Fund's and PRC's expected financial results, PRC's ability to pay the Royalty and the Fund's ability to pay distributions and in making related forward-looking statements. The key assumption in respect of the Fund's level of distributions is that the cumulative distributable cash will be able to support the Fund's current level of distributions. (CCNMatthews Press Releases)
Which big countrywill default first? Nov 11, 2009
France is less disciplined; its debt level is similar to that of Germany but its budget deficit is much higher, at around 8% of gross domestic product (GDP) in 2009, according to The Economist forecasting panel. However, its problems pale in comparison to those of the deficit-ridden trio. (Asia Times Online)
IEA urges more actions to tackle climate change Nov 11, 2009
However, big demand for energy will come back as soon as the economy rebounds, the IEA said, forecasting a 40 percent increase in energy demand in 2030. The future energy demand will still focus on oil, gas and coal, which are major producers of carbon dioxide, the key element that raises the temperature, according to the IEA.. (Xinhuanet, China)
Economists Forecast For 2010 Looks Better, Relative To This Year Nov 11, 2009
10, 2009) Indiana University economists presenting their annual forecast on November 5 are confident that 2010 is going to be better than this year. Unfortunately, 2009 was "really, really awful.". (Science Daily)
China's imports, exports drop 10.7% in Oct Nov 11, 2009
"This suggests improving demand from overseas," said Zhang Junsheng, an international trade expert with the University of International Business and Economics, while forecasting exports would continue the downward trend until the first quarter next year. Exports of labor-intensive products for the first 10 months showed a lower rate of decline than the average 20. (Xinhuanet, China)
Mad Catz Reports Fiscal 2010 Second Quarter Results Nov 11, 2009
Mad Catz management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing the Companys operating results, as well as when planning, forecasting and analyzing future periods. These non-GAAP measures, specifically those that adjust for stock-based compensation and amortization of intangibles, also facilitate comparisons of the Companys performance to prior periods. (Yahoo! Wire -- Entertainment News)
China Digital TV Announces Unaudited Third Quarter 2009 Results Nov 11, 2009
The Company believes that both management and investors benefit from referring to this additional information in assessing the Company's performance and when planning and forecasting future periods. For the three months ended September 30, June 30, September 30, 2009 2009 2008 (in U.S. dollars, in thousands) Net Income attributable to China Digital TV - GAAP $4,949 $6,825 $8,231 Share-based compensation 479 405 116 Amortization of acquired intangible assets related to business acquisitions 96 97... (Yahoo! Wire -- Entertainment News)
Oil rises above $80 after hurricane disrupts Nov 11, 2009
Looking to the long term, the International Energy Agency published its annual World Energy Outlook on Tuesday, forecasting a rise in primary energy demand globally by 1. 5 percent every year until 2030, and calling for $26 trillion in investment to meet the expected demand. (Business Report, South Africa)
Outlook darkens on Mass. job picture in ’10 Nov 11, 2009
Outlook darkens on Mass. job picture in 10 - The Boston Globe. (Boston Globe)
Storm to cause rain locally Nov 11, 2009
The National Weather Service is forecasting rain in the Augusta area after Ida's center made landfall this morning on Dauphin Island, Ala. The National Hurricane Center expects the storm to cause heavy rainfall across Georgia. (The Augusta Chronicle)
Research and Markets: Music, Video, Books and Stationery Retailers in Switzerland Nov 11, 2009
Uncover the future direction of the retail channel with reliable historical data and full five year forecasting. Key Topics Covered. (Yahoo! Wire -- Entertainment News)
Comment on this article Nov 11, 2009
You are invited to join a free webcast where Black h Managing Director and Principal of the company's Energy Market Perspective market forecasting service will share key findings of the latest market research. Dec 8 2009 - 1:00 pm Eastern - Your city. (Energy Pulse, CO)
Steele: White Republicans are scared of me Nov 10, 2009
Steele is just relating first hand past experience, not forecasting future results. BY steve on 11/09/2009 at 16:56TV One is the network that produces and airs WASHINGTON WATCH WITH ROLAND MARTIN. Jordan Fabians blog posting references comments made by Michael Steele on this past Sundays show. (TheHill.com)
EA Reports Record Q2 Non-GAAP Net Revenue of $1.15 Billion Nov 10, 2009
Electronic Arts management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing the Companys operating results both as a consolidated entity and at the business unit level, as well as when planning, forecasting and analyzing future periods ... Internally, Electronic Arts management excludes the impact of the change in deferred net revenue related to packaged goods games and digital content in its non-GAAP financial measures when... (Yahoo! Wire -- Entertainment News)
Growth in U.S. Will Be Driven by Factories as Spending Cools, Survey Shows Nov 10, 2009
It also means stocks will perform better than bonds, said , president of Herrmann Forecasting. The Dow Jones Industrial Average closed at a 13-month high yesterday. (Bloomberg -- US)
CC Media Holdings, Inc. Reports Third Quarter 2009 Results Nov 10, 2009
This measure is among the primary measures used by management for planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. This measure is an important indicator of the Company's operational strength and performance of its business because it provides a link between profitability and cash flows from operating activities. (Yahoo! Wire -- Entertainment News)
Recovery Looks Like `L' Without Job Growth: David Blanchflower Nov 10, 2009
The Organization for Economic Co-operation and Development is forecasting that the jobless rate will be more than 10 percent in Belgium, Finland, France, Germany, Hungary, Ireland, Italy, Poland, Portugal, Slovakia, Spain and Sweden, in 2010. Keyness biographer, , has argued in his new book Keynes: The Return of the Master (Public Affairs, 2009) that the object of macroeconomic policy is to keep the economy in quasi-boom so people can live wisely and agreeably and well. (Bloomberg -- Columnists)
UMass-led research team tracks malaria’s deadly leap from chimps to humans Nov 9, 2009
The origins of P. falciparum has been one of humanity s outstanding medical mysteries, said Nathan D. Wolfe, director of the San Francisco-based Global Viral Forecasting Initiative and one of the lead scientists involved in the DNA analysis of 94 chimpanzees from Cameroon and Ivory Coast. We ve solved it, he said. (Boston Globe)
Foreign Sales Increase More Than Forecast as Global Economy Strengthens Nov 9, 2009
The Economy Ministry raised its outlook for the economy on Oct. 16, forecasting growth of about 1. 2 percent in 2010 after a 5 percent contraction this year. (Bloomberg -- Germany)
Twilight of an ancient knowledge Nov 8, 2009
Traditionally, Maori refer to several such indicators and make weather predictions, using what King dubs "consensus-based forecasting." This type of forecasting has been used worldwide by indigenous cultures that rely on nature for their livelihoods, from the Arctic and Samoa to Peru and Zimbabwe. These systems have been developed over centuries, relying on a sort of trial and error, and King says that if their indicators didn't work, the Maori wouldn't have continued to use them. (Salon)
German Factory Orders Rise for Seventh Month, as Exports Help Recovery Nov 7, 2009
The Economy Ministry last month raised its economic outlook, forecasting growth of about 1. 2 percent in 2010. (Bloomberg -- Germany)
Isle rebound not likely soon Nov 7, 2009
He is forecasting a 0. 5 percent increase in this category when adjusted for inflation, which he projects will rise 1 percent. (Honolulu Advertiser)
America's carmakers: Rinsed and raring to go Nov 7, 2009
5m, Mr Jonas is forecasting sales of 12. 8m next year and 14. (The Economist)
DeKalb school closings delayed Nov 7, 2009
"What we're trying to do is get more buy-in on the problem before we come up with a solution," said Dan Drake, who the system hired in September to be its planning and forecasting director -- the first DeKalb has had. Robert Moseley, the system's deputy chief superintendent for school operations, credited Drake for suggesting that the system step back and reexamine its plans. (Atlanta Journal-Constitution -- Metro)
Retailers say Black Friday matchup wont silence regions cash registers Nov 7, 2009
The is forecasting a 1 percent decline in holiday sales this year. While it s significantly below the 10-year average of 3. (Birmingham Business Journal, AL)
US stocks rally on data as Cisco lifts techs Nov 6, 2009
The US government is scheduled to release its key monthly jobs report Friday morning, with economists polled by Reuters forecasting a loss of 175,000 jobs in October, sharply below the 263,000 jobs cut in the previous month. But the US unemployment rate is forecast to rise to 9. (Sydney Morning Herald -- Business)
Indian CEOs see brighter revenue picture over a year Nov 6, 2009
Respondents ranked cash flow management, difficulty in forecasting results and maintaining employee morale during the downturn, as key constraining factors. A majority of the survey respondents identified benefit from achieving increased operational effectiveness by following cost reduction, reduction in working capital and optimisation of supply chain, as a significant opportunity resulting from the downturn. (India Times)
Economist Compares Today’s Dairy Crisis to That of 1970s (83) Nov 6, 2009
Leuck notes that the USDA is forecasting significantly higher feed prices for next year and into the foreseeable future. Must adapt. (Agri-View, WI)
Most Japanese Stocks Fall, Led by Financials on Share Sale; Sony Rises Nov 6, 2009
5 percent to 1,477 yen after forecasting a loss of 11. 4 billion yen for the year ending March to pay for headcount reductions. (Bloomberg -- Japan)
Kan. Group Cuts Revenue Forecast $235M Nov 6, 2009
Kansas forecasting group slashes 2010 revenue estimate $235M as recession lingers. By JOHN MILBURN Associated Press WriterTOPEKA, Kan. (ABC News -- Wire)
Studio featured on 'Queer Eye' ready to sell its shares Nov 6, 2009
At the time, the company was forecasting sales of $80 million, which it reached. This was up from about $55 million a year earlier and $40 million in 2001. (Yahoo News -- Queer Eye for the Straight Guy)
Employers in U.S. Probably Cut Fewest Jobs in a Year as Recovery Took Hold Nov 6, 2009
1% Herrmann Forecasting -146 10. 0% -43 0. (Bloomberg -- US)
