Microchip CEO predicts 2010 sales boom Nov 7, 2009
JoAnne Feeney, a stock analyst with FTN Equity Capital Markets Corp., upgraded her rating of Microchip on Thursday to "buy" from "neutral," citing the company's strong outlook for the current fiscal quarter and signs that its 16-bit and 32-bit microcontrollers are gaining ground in several product markets. Sanghi said the company benefited this year from instituting furloughs instead of layoffs, allowing it to maintain a trained workforce and meet strengthening demand for chips faster than... (AZCentral -- Business)
Chart Announces Opening of JV Manufacturing Facility for Air Cooled Heat Exchangers in the Middle East Nov 3, 2009
These statements are made based on Chart management's expectations concerning future events and are subject to factors and uncertainties that could cause actual results to differ materially, such as cyclicality of product markets, a delay or reduction in customer purchases, fluctuations in energy prices, competition, the negative impacts of the recent global economic and financial crisis, and economic, political, business and market risks associated with global operations. For a discussion of... (Primezone Releases)
Ridley Inc. Reports Financial Results for Fiscal 2010 First Quarter Nov 3, 2009
Gross profits were lower in each of the reporting segments reflecting lower volumes across most product markets and reduced unit margins compared to last year when feed ingredient prices were at historically high levels and favourable inventory positions contributed to unit margins. Operating expenses include selling, general and administrative expenses, amortization of property, plant and equipment, asset impairments and goodwill impairment. (CCNMatthews Press Releases)
SABMiller's experience prepares it for final frontier Oct 29, 2009
He declared that South Africa had "uncompetitive product markets", but Gordhan was not satisfied, asking him to explain the concept in layman's terms that could be understood by Joe Public. Naidoo gave it another shot. (Business Report, South Africa)
Republic of Estonia -- 2009 Article IV Consultation, Concluding Statement Oct 27, 2009
Labor and product markets are flexible, and seem capable of delivering the necessary adjustment in competitiveness. This adjustment is in fact already ongoing, as wages and prices have declined, and firms have tried to increase efficiency. (IMF News)
FTC Clears $68 Billion Pfizer-Wyeth Merger Oct 15, 2009
FTC staff conducted nearly 200 interviews and reviewed hundreds of thousands of pages of documents before concluding that the deal did not raise anti-competitive concerns in any human health product markets. But the commission did find overlap for animal products such as vaccines for cattle, dogs, cats and horses. (Law.com)
U.S. stocks rallied on Wednesday as upbeat earnings from Intel and JPMorgan Chase boosted market sentiment. Dow returned to above 10,000 points for the first time in a year.• U.S. Fed sees economy in "restrained" recovery Oct 15, 2009
"Credit from banks remained difficult to obtain and costly for many borrowers; these conditions were expected to improve only gradually. "In light of recent experience, consumers were likely to be cautious in spending, and business contacts indicated that their firms would also be cautious in hiring and investing even as demand for their products picked up," the statement said. The Fed officials anticipated that "slack in both labor and product markets would be substantial over the next few... (Xinhuanet, China)
Fed sees 'restrained' recovery in US Oct 15, 2009
" "Overall, the economy was projected to expand over the remainder of 2009 and during 2010, but at a pace that was unlikely to reduce the unemployment rate appreciably," the minutes stated. At that meeting the Fed acknowledged a recovery was underway from prolonged recession but maintained its near-zero interest rate and trillion-plus dollar effort to support the fragile improvements. The panel voted unanimously at the meeting to maintain the federal funds rate of zero to 0.25 percent in place... (Yahoo! Asia News)
Babcock's stunning jewel Oct 13, 2009
The Australian Consumer and Competition Commission wrote to interested parties on Friday - the same day the deal was made public - and noted it had considered separate product markets for each category of small electrical appliance. As part of the review, the ACCC wants to find out whether GUD and Breville are considered each other's closest competitors and if house-branded appliances could be viable competitors. (Sydney Morning Herald -- Business)
Transcript of a Press Conference on the October 2009 Regional Economic Outlook for Europe Oct 5, 2009
Our call to labor and product markets reform is almost a platitude, but in the current situation, the necessity of strong action in this respect and the potential payoff for reforms is higher than ever. Also, it is time to remind these countries about the necessity of pension and health reforms. (IMF News)
Press Release: IMF Says European Economic Recovery to be Fragile and Calls for Policy Action to Secure a Solid Rebound Oct 3, 2009
To achieve this, policymakers in advanced countries should pursue opportunities to reform labor and product markets, while those in emerging economies should focus on developing a new business model that rebalances the sources of growth and financing. Brief Summary of the Analytic Chapters in the. (IMF News)
PRESS DIGEST - Financial Times - Sept 19 Sep 19, 2009
The maker of coding and labelling equipment used to print bar codes and sell-by dates noted that while industrial markets remain depressed, consumer product markets are now approaching levels experienced during the first half of 2008. Steve Medlicott at Altium points out that Domino was among the first to see the downturn and is now managing the growth phase after implementing cost-cutting and doing "all the right things". (Scientific American)
The Global Financial Crisis and Low-Income Countries -- Domestic and International Policy Responses, Remarks by Dominique Strauss-Kahn, Managing Director, International Monetary Fund at the Resources for the Future Sep 18, 2009
On the contrary, many did the right things in recent years strengthening fiscal positions, reducing debt burdens, bearing down on inflation, liberalizing product markets, and building comfortable reserve cushions. Helped by debt relief, they were finally reaping the rewards of difficult reforms. (IMF News)
Public Information Notice: IMF Concludes 2009 Article IV Consultation with South Africa Sep 11, 2009
Directors recommended that steps be taken to improve competitiveness, particularly through reforms of labor and product markets. They supported the authorities policy of gradually building up international reserves without seeking to target an exchange rate level. (IMF News)
Ken Fisher: Buy Fossil Fuels Sep 10, 2009
The United States argues that fuel subsidies distort oil and product markets and artificially raise fuel demand. 2009 Newsmax. (Newsmax)
Press Release: IMF Managing Director Dominique Strauss-Kahn Sees Renewed Stability But Remains Cautious About Global Economic Recovery, Notes Need For Continued Policy Actions Sep 4, 2009
Mr. Strauss-Kahn underlined that international policy coordination has been an essential part of the response to the crisis and that "coordination of exit strategies will be just as important. Thanks to concerted and forceful policy actions, the crisis had been contained, he said. He focused on three policy areas essential to ensure a sustainable recovery: 1. Identifying New Sources of Growth On the demand side, the baton will eventually need to be passed from the public to the private sector,... (IMF News)
Singapore's resilient and sound says IMF while offering improvements Sep 1, 2009
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AMDL Inc. Announces Second Quarter 2009 Financial Results Aug 20, 2009
"I am working closely with our US and China-based management teams and Board of Directors to scrutinize all aspects of AMDL's business - both in the US and China - with the goal of structuring operations in a manner that best suits the long-term growth and profitability of AMDL. We are well down the path in outlining a plan to focus AMDL's US operations solely on the In-Vitro Cancer Diagnostic and high-end skin care product markets with JPI organized and operated as a separate asset to AMDL.... (PR Newswire)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Malaysia Aug 15, 2009
They encouraged the authorities to continue to focus on promoting private investment and deepening reforms in labor and product markets. Directors welcomed the recent decision to push ahead with further liberalization in selected sectors, but stressed that more remains to be done to enhance the business climate and remove long standing structural impediments to investment. (IMF News)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the Republic of Lithuania Aug 12, 2009
Moreover, under the currency board arrangement, the adjustment burden falls directly on domestic policies, in particular sizable fiscal consolidation, and structural reforms to improve the functioning of labor and product markets. Policies to safeguard financial stability are also crucial. (IMF News)
Oil May Fall as U.S. Supplies Enough to Meet Reduced Demand, Survey Shows Aug 7, 2009
The U.S. product markets look well supplied, with gasoline inventories now higher than a year ago with only five weeks to go in the summer driving season, said , an energy analyst with Citi Futures Perspective in New York. Distillate stocks are still 21 percent higher than a year ago, even after last weeks surprise stock draw. (Bloomberg -- US)
Chart Energy & Chemicals and Toyo Engineering Corporation Sign Mid-Scale LNG Liquefaction Technology and Equipment Supply Agreement Aug 4, 2009
These statements are made based on management's expectations concerning future events and are subject to factors that could cause actual results to differ materially, including the cyclicality of product markets, a delay or reduction in purchases, the impact of economic and financial conditions, fluctuations in energy prices, and competition. For a discussion of these and additional factors that could cause actual results to differ from forward-looking statements, see Chart's filings with the... (Primezone Releases)
Yellen: Fed Will Tighten When Needed Jul 30, 2009
The United States needs "more demand -- not less -- to offset slack in labor and product markets," Yellen added. Fed watchers recently have noted that the "velocity" or circulation of money in the U.S. economy has not risen despite the billions of dollars it has pumped in. (Newsmax)
Shops resume business in Urumqi Jul 10, 2009
Shopping malls, supermarkets, agricultural product markets and gas stations are resuming business in the riot-torn Urumqi. (Xinhua/Hou Jun). (Xinhuanet, China)
Concluding Statement of the IMF Mission on Euro-Area Policies Jun 16, 2009
However, the euro-area s remaining rigidities in labor and product markets, weak private balance sheets in some countries, and the larger role of the public sector are likely to constitute a drag on growth potential in the medium term. Negative tail risks stem from the financial sector as well as from concerns about fiscal solvency and adverse cross-border spillovers. (IMF News)
C&D Technologies Reports First Quarter Results Jun 5, 2009
Dr. Graves continued, "We have taken a number of difficult actions to adjust costs with end market conditions in the short-term, including another recent headcount reduction, without jeopardizing the investments we are making to capitalize on the long-term opportunities in our market. Having neutralized the influence of volatile commodity prices, brought costs in line with current market conditions, preserved and protected our financial condition, and invested in new products and new geographies... (PR Newswire)
Reko Announces Third Consecutive Quarter of Profitability During Financial Downturn Jun 5, 2009
Founded in 1976, Reko International Group (TSX: - ) is a highly integrated, technology driven engineering and manufacturing firm providing engineered solutions for the plastics segment of the automotive, aerospace and consumer product markets. In its ten production facilities in Ontario, Reko designs and manufactures precision moulds and other related industrial tooling, in addition to its own proprietary line of CNC machining centres. (CCNMatthews Press Releases)
Monterey Exploration Ltd. Announces Financial and Operating Results for the Three Months Ended March 31, 2009 May 15, 2009
Term or abbreviation ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- "boe" Barrel(s) of oil equivalent "mcf" Thousand cubic feet "bbl" Barrel "GJ" Gigajoule "LIBOR" London Interbank Offered Rate "m" preceding a volumetric measure 1,000 units of the volumetric measure "mm" preceding a volumetric measure 1,000,000 units of the volumetric measure "NGL" Natural gas liquids "NEBC" Northeast... (CCNMatthews Press Releases)
Pioneer Announces Business Results for Fiscal 2009 May 14, 2009
Tokyo, May 13, 2009 - (JCN Newswire) - Pioneer Corporation today announced its consolidated and non-consolidated business results for fiscal 2009, the year ended March 31, 2009. Effective from fiscal 2009, Pioneer has changed its accounting principles for preparing consolidated financial statements from U.S. generally accepted accounting principles (GAAP) to Japanese GAAP. Figures for fiscal 2008 have been reclassified based on Japanese GAAP accordingly. (JCN Network, Japan)
System ICs to return to growth in Q3, iSuppli says May 6, 2009
According to Selburn, while some electronic product markets such as desktop PCs and 1G and 2G mobile handsets are expected to suffer a decline in unit shipments from 2008 to 2009, others such as 3G wireless phones, netbook PCs and set-top boxes are still expected to grow despite the recession. "These markets alone will be enough to keep the core silicon market moving down the tracks toward an expected expansion in 2010," Selburn said. (EETimes)
Transcript of a Press Conference on European Outlook by Marek Belka, Director of the IMF's European Department with Ajai Chopra, Deputy Director of the European Department, and Anne-Marie Gulde-Wold, Senior Advisor in the European Department Apr 28, 2009
To the extent that there is any more stimulus or any further expansionary measures, these need to be linked very closely with addressing the structural problems that the economy faces, both in labor markets, product markets and so on. QUESTIONER: You mentioned that if you have depreciating currencies, you have more non-performing loans. (IMF News)
Study Confirms Soybean Checkoff Benefits Entire Industry (2) Apr 19, 2009
First, what have been the effects of the soybean checkoff programs on U.S. and world soybean and product markets. And, second, has the soybean checkoff program benefited soybean producers. (Minnesota Farm Guide, MN)
AMPI: Record Milk Volume Sales Growth (15) Apr 5, 2009
8 billion pounds of milk, combined with strong dairy product markets and AMPI sales, resulted in 1. 7 billion of revenue. (Agri-View, WI)
A. Schulman Reports Fiscal 2009 Second-Quarter Results; Excellent Liquidity Position Improves Apr 3, 2009
" Conference Call on the Web A live Internet broadcast of A. Schulman's conference call regarding fiscal 2009 second-quarter earnings can be accessed at 9 a.m. Eastern time on Friday April 3, 2009, on the Company's website, . An archived replay of the call will be available on the website. The live conference call is also accessible in a listen-only mode by telephone at 617-597-5326, passcode 39727489. Use of Non-GAAP Financial Measures This earnings release includes the use of both GAAP... (PR Newswire)
Intel-ST memory venture: A flash in the pan? Apr 1, 2009
It is also looking at new product markets like solid-state drives (SSDs) and is tinkering with its fab strategy. And thanks in part to the misfortunes of others, Numonyx is becoming a more important player, especially in NOR. It is seeing new and sudden customer demand following the recent events at NOR rival Spansion Inc. As reported, Spansion has recently filed for protection under Chapter 11 bankruptcy laws--a move that has created a potential void in the supply chain. (EETimes)
* The time has come to put the myth of the shareholder to rest Apr 1, 2009
As Welch rightly notes, share prices are supported by the value created in product markets by the interrelationship of employees, customers and suppliers. So why should alignment run upwards from directors to shareholders. (Taipei Times, Taiwan -- Sports)
Finding balance in our lives and our budgets Mar 30, 2009
There are many businesses and product markets that will be fundamentally reshaped by the changes in demand. Businesses must watch this evolution and reshape product offerings. (Globe and Mail -- Business)
Monterey Exploration Ltd. Announces Financial And Operating Results for the Three Months And Year Ended December 31, 2008 & Annual Information Form Filing Mar 24, 2009
During 2008 market conditions and events led to significant disruptions of international credit markets and the overall deterioration of worldwide economic conditions leading to increased volatility in markets (including financial and product markets), reduced liquidity, widening of corporate spreads, increased credit losses and tightening of credit conditions. Governments throughout the world have been required to intervene in preventing the collapse of banks, insurers and financial... (CCNMatthews Press Releases)
Robust growth in MIDs expected through 2012 Mar 13, 2009
Francis Sideco, iSuppli senior analyst for wireless communications, noted that the market for MIDs encompasses segments of various product markets, including ultra-mobile PCs (UMPCs), netbooks, smartphones, portable navigation devices, e-book readers, portable media/MP3 players and handheld gaming devices. "Each MID device segment enjoys varying levels of penetration in the market, with smartphones leading the way, followed by e-book readers, and to a lesser extent, UMPCs and gaming devices,"... (EETimes)
Barker Says Bank of England Money-Printing Is Needed as Recession Worsens Mar 13, 2009
Flexible labor and product markets and financial linkages may contribute to a quite sharp pick up in growth, she said. The decline in oil prices will help and the drop in the pound will boost exports. (Bloomberg -- UK)
Class III Milk Price Expected to Go Higher (21) Mar 10, 2009
Continuing changes in the structure of supply and demand for milk and dairy products in the European Union (EU), reduced product availability from Oceania and other regions, and the lower-valued U.S. dollar are still making the United States an increasing supplier to global dairy product markets. Comments. (Agri-View, WI)
Bunnings magic to revive office supplier Mar 5, 2009
The company has no intention of exiting any of the product markets in which it competes, with a broad range considered central to the stores fulfilling the brand's one-stop-shop promise. One saving grace for the brand is that the turnaround task is not one requiring great spending, but instead better systems and a more refined strategy. (Sydney Morning Herald -- Business)
Medtronic Jumps on Decent Earnings, Guidance Feb 18, 2009
Medtronic Inc. (MDT) posted fiscal third-quarter net income that soared above a prior-year tally weighed down by charges, while its overall results appeared good enough to ease concerns about problems in key product markets. The medical-devices giant has been under pressure on multiple fronts lately, with its top business - for implantable defibrillators - ceding share to rivals amid fallout from a 2007 product recall. (SmartMoney)
Vodacom, Vodafone tie up Feb 17, 2009
During its investigation of the proposed merger the Commission established that Vodafone did not compete with Vodacom in any of the product markets in South Africa. "The commission is also of the view that the vertical integration between the parties is unlikely to result in any substantial prevention or lessening of competition," the commission said. (iAfrica.com)
