» April 25th, 2014
London Escort advice
Sometimes you may be wondering why and how you feel stuck in your present relationship with your partner. An evening with a London escort especially if you are travelling to London as well can prove to be an eye opener. London escort agencies here are numerous; but some of them are well known for their services. The ladies working there are remarkable, as well as being ethnically diverse, they are exciting and knowledgeable.
Take your time to visit this website the London escorts from here can surprisingly be very easy to talk to and confide into. Moreover because of the nature of their job, they can offer you the best advice regarding relationship issues with your current partner. Mostly we get problems in such relationships due to our limited understanding of our partners needs. Those who provides London escort service are also real women who lead real lives. We could say that they are always dating. Therefore they are more open and able to relate directly to issues without any emotional involvement. This is unlike the encounters that you get in real life, the advice from colleagues and girl friends who know you well could be limited according to their experiences.
These London escort agencies could not only provide you with an evening date to remember but also give you a further incite into how to please your partner not only in real day to day situations but also in bed. Women like specific things like flowers, special words, tender treatment which many men sometimes overlook especially when they are in long term relationships.
This may turn everything into something mechanical. Life falls into a rut, with no excitement and no adventure. The shy can be advised to become a little more daring and try numerous ways to rekindle an otherwise boring relationship and turn it into an exciting one with further communication and openness.
Women can be sexy too Try some of the escorts in London
Spending a night with an escorts London could reveal a woman’s better and sexier side to a man whose partner may not seemingly be as attractive. This can be an eye opener as to what his deeper desires may be. In the future he can express these more confidently to his partner to get a more satisfactory relationship when he returns back home.
Arguments and misunderstandings are common among partners. Long distance travelling can make love and understanding more difficult to maintain. Spending a night with a Oriental, thai or other kind of Asian escort can give such a person an opportunity to confide into a trustworthy person about his troubles and help him feel lighter and better about himself in general. Going back home will reveal a better and fresher personality who is willing to look at the better side of the relationship issues of any of these long turn partners he has to spend his longer time with.
London escort agencies provide their working girls with training in the fields of behaviour, communication and entertainment. This ensures that you are in the best of company and have an evening of thorough entertainment leaving you thirsting for more.
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» October 17th, 2013
CANADA STOCKS-TSX gains as gold miners surge after U.S. debt deal
debt deal Thu Oct 17, 2013 10:55am EDT * TSX up 8.67 points, or 0.07 percent, at 12,965.88 * Gold miner gain helps TSX rise while U.S. indices slip * Telecoms weigh after government pushes on roaming, TV bundles By Alastair Sharp TORONTO, Oct 17 (Reuters) – Canada’s main stock index moved slightly higher on Thursday as investors seemed unimpressed with the short-term deal reached to avoid a U.S. debt default and bought into gold and its miners on an expected delay to U.S. stimulus reduction. The U.S. Congress on Wednesday approved an 11th-hour deal to end a 16-day partial government shutdown and pull the world’s biggest economy back from the brink of a historic debt default that could have threatened financial calamity. “The reaction to the debt deal was played into the markets yesterday, said Gareth Watson, a vice president for investment management and research at Richardson GMP. “Today is a new day.” The deal funds the government until Jan. 15 and raises the debt ceiling until Feb. 7. Gold miners led the resource-rich index’s gainers, as the price of the precious metal surged 3 percent on a belief that a planned cut in Federal Reserve stimulus may be delayed. “The Canadian market is holding up better than the American exchanges because we are seeing a bright spot in gold prices,” Watson said. Goldcorp Inc surged 4.7 percent to C$25.55 and Kinross Gold added 3.9 percent to C$5.05. Fortuna Silver Mines Inc jumped 10.6 percent to C$3.66 after it increased its estimate of silver reserves in a Mexican mine 22 percent. The Toronto Stock Exchange’s S&P/TSX composite index was up 8.67 points, or 0.07 percent, at 12,965.88 by mid-morning.
US, Canada in women’s hockey brawl
Canada is also grappling with an aging workforce and lagging productivity growth. Brazil, Russia and India have overtaken Canadas economy, which has dropped to the worlds 11th-largest, since 2006 when Harper came to power. A Senate expenses scandal implicating Conservative lawmakers has dogged the prime minister this year and undermined his efforts to keep the publics focus on his economic record. Nigel Wright, a former managing director at Toronto-based private-equity firm Onex Corp. (OCX) , resigned as Harpers chief of staff in May amid a police investigation following the disclosure he paid about C$90,000 ($87,200) to Senator Mike Duffy to help cover ineligible expense claims. Although Conservatives have fallen in public opinion polls since the scandal broke, Harper continues to have an edge on economic issues, surveys show . Consumer Issues Canadians should be allowed to purchase individual channels from cable television providers, rather than having to buy packages, according to the speech, and the government will encourage wireless firms to lower domestic roaming fees. Harpers administration has tussled with the countrys largest telecommunications providers — BCE Inc. (BCE) , Rogers Communications Inc. (RCI/B) and Telus Corp. (T) — seeking to limit their power and open the market to more competition. Throne-speech promises also included expanding no-cost basic banking services and closing the gap between U.S. and Canadian prices for consumer products.
Take a look back at the best fights from the 2012-13 season . In the first of six exhibition meetings between the two rivals ahead of Februarys Sochi Olympics on Saturday, a hit on Canada goalie Shannon Szabados late in the third period sparked a full-on line brawl Saturday in Burlington, Vt. University of North Dakota product Jocelyne Lamoureux delivered the blow, prompting ex-University of New Hampshire Wildcat Courtney Birchard to accost her in the corner. Fighting in hockey is a rare sight on the international stage (especially in the womens game), but according to Team Canada captain Hayley Wickenheiser, this isnt the first dustup the two world powers have been involved in. We had a similar scrap in 2010, so I guess we have one every Olympic cycle to get it out of our system, Wickenheiser told reporters after the game, via Canoe.ca . It was kind of fun to see, and it brought a lot of intensity to another dog fight with these guys. There are few, if any, blowouts in this series. Canada, the defending Olympic champion, took home a 3-2 win in Game 1. Check out the brawl in the video below, with a stick tap to The Big Lead : Some of the highlights: 0:09 One of the announcers repeatedly says “Oh yeah!” as the brawl begins. 0:35 A true logistical challenge of brawling with cages over your face becomes all too apparent. 0:44 US goalie Brianne McLaughlin is not impressed. 0:55 The camera operator loses focus.
Health Canada Approves A New Treatment Option For Patients With Gastrointestinal Stromal Tumours (GIST), A Rare Form Of Sarcoma
Safety and adverse events were similar to those observed with other tyrosine kinase inhibitors (TKIs).1 The most frequently observed adverse drug reactions ( 30%) in Stivarga-treated patients vs. placebo-treated patients in GIST, respectively, were: hand-foot skin reaction (HFSR) / palmar-plantar erythrodysesthesia (PPE) syndrome, hypertension, asthenia/fatigue, diarrhea, dysphonia, infection, decreased appetite and food intake, and rash. The most serious adverse drug reactions in patients receiving regorafenib are severe liver injury, hemorrhage, cardiac ischemia/infarction, hypertension, reversible posterior leukoencephalopathy syndrome (RPLS), Stevens-Johnson syndrome/toxic epidermal necrolysis, and gastrointestinal perforation or fistula.11 About Bayer Inc. Bayer Inc. is a Canadian subsidiary of Bayer AG and the headquarters for the Canadian operations. Celebrating its 150 anniversary, Bayer AG is an international research-based group with core businesses in healthcare, crop science and innovative materials committed to creating a better life for all through science. In Canada, Bayer operates its healthcare business – Pharmaceuticals, Consumer Care, Diabetes Care, Animal Health and Radiology & Interventional – from its headquarters in Toronto, ON and its CropScience business from Calgary, AB. With more than 1,300 employees across the country, in 2012, Bayer had sales of $1.6 billion CDN and invested $55.9 million CDN in research and development in Canada. Globally, Bayer AG had sales of $39.8 billion Euro and invested $3 billion Euro in research and development. For more information about Bayer Inc., please visit www.bayer.ca . Forward-Looking Statements This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com .
» October 17th, 2013
The benchmark Micex Index (INDEXCF) lost 1.3 percent to 1,511.73 by 2:32 p.m. in Moscow, the most since Aug. 15 on a closing basis. OAO Severstal, Russia s second-largest steelmaker, dropped 1.2 percent to 295 rubles. OAO Gazprom, the natural-gas export monopoly, declined 1.4 percent to 155.75 rubles. OAO Surgutneftegas, a Russian oil producer, tumbled 2.4 percent. The 14-day relative strength index on the Micex was at 70.3 yesterday, above the level of 70 that suggests to some analysts a security has been overbought and is poised for a decline. U.S. President Barack Obama signed into law a measure ending the 16-day U.S. government shutdown and extending the nations borrowing authority until early next year. The Micex advanced 3.4 percent this month amid optimism a deal would be struck. Crude fell 0.6 percent to $101.73 a barrel in New York .
CORRECTED – Edward Snowden’s father, after Russia visit, says son not a fugitive
The president of the Russian Federation is personally monitoring the project. He cheerfully fired off a long list of Sochis accomplishments , beginning with new power and water supplies for the whole region, 225 miles of roads, 25,000 additional hotel rooms. City Hall, on Soviet Street, was itself marooned within a construction zone, with a big fountain being dug in front and new walkways laid all around. We had nothing, the mayor said. We constructed everything from scratch. These Olympics, costing an estimated $51 billion, are the most expensive ever . The London 2012 Summer Games were estimated at near $19 billion and Beijings 2008 Winter Olympics at about $43 billion. Activists complain the environment has paid the price. Construction waste has been dumped on hillsides, said Vladimir Kimayev, a leader of Environmental Watch in Sochi, increasing the threat of landslides and sending pollutants into the Mzymta River. And a promenade along the Black Sea was built too close to the water, he said, asserting the beach was now vulnerable to erosion and the promenade might well be washed away. That, said Mayor Pakhomov, was impossible. The project was approved by state experts, he said. If there were violations it wouldnt have been approved. In 2008, after extensive disputes with Russian Olympic authorities, environmental groups had managed to persuade Putin, who was prime minister at the time, to move the bobsled track and mountain Olympic village to a less damaging location. A period of close cooperation followed. That ended in early 2010. We had been having monthly meetings and agreed to many ways in which things could be done better, said Igor Chestin, chief executive of WWF-Russia, part of the World Wide Fund for Nature global network. Then nothing happened so we withdrew from the whole process. The Olympic project moved ahead so quickly, Chestin said, that there was no time for a proper environmental impact study.
Russia risks US wrath on Snowden asylum
He’s happy. And he’s absolutely committed to what he has done.” The younger Snowden’s revelations about the reach and methods of the NSA, including the monitoring of vast volumes of internet traffic and phone records, have upset U.S. allies from Germany to Brazil. Admirers call him a human rights champion and critics denounce him as a traitor. Lon Snowden said his son had been misrepresented by some in the media and the U.S. government, telling reporters that “there’s much more to be shared” about Edward Snowden and his supporters. “He’s not a fugitive. He’s a legal asylee of the Russian Federation and the press needs to get that right and I think our government understands that at this point.” Staying in Russia, Snowden said, allows his son “to continue to push these issues forward, to make sure the true story is told – that it’s not spun within the media – about Edward Snowden.” Snowden criticized the U.S. intelligence community as being negligent and complicit in the spying scandal, singling out Director of National Intelligence James Clapper, NSA Director Keith Alexander, Senator Dianne Feinstein, who chairs the Senate Select Committee on Intelligence, and congressman Mike Rogers, who chairs the House Intelligence Committee. Russia has kept secret where the Snowdens met during the visit as well as where the son has been living. Moscow also has kept the media and public away from Edward Snowden, who has been shepherded by a lawyer believed to have ties with Russia’s secret services. Russian President Vladimir Putin, a former KGB spy, has repeatedly said that Russia would shelter Snowden only if he stopped harming the United States. But he has used the case to accuse Washington of preaching to the world about rights it does not uphold at home.
AFP Photo Picture released by Human Rights Watch shows US National Security Agency (NSA) fugitive leaker Edward Snowden (C) during a meeting with rights activists, with among them Sarah Harrison of WikiLeaks (L), at Moscow’s Sheremetyevo airport, on July 12, 2013. Fugitive US intelligence leaker Edward Snowden on Friday told a group of activists that he wanted to claim asylum in Russia because he is unable to fly on anywhere else. AFP/ Human Rights Watch Photo A man looks in Moscow on July 12, 2013, at a computer screen displaying a photo US National Security Agency (NSA) fugitive leaker Edward Snowden (C) during his today’s meeting with leading Russian rights activists and lawyers at Moscow’s Sheremetyevo airport where he has been stuck in transit for the last three weeks. Snowden met today around a dozen Russian rights activists, lawyers and other figures in a closed-door meeting at Moscow’s Sheremetyevo airport, an official said. Snowden on Friday dramatically summoned activists to the transit zone of Moscow’s Sheremetyevo airport where he has been marooned without a valid passport for the last three weeks after arriving on a flight from Hong Kong. The United States wants the former National Security Agency (NSA) contractor extradited back home to face justice over his leaking of sensational details about US surveillance activities, a demand Moscow has so far rejected. In an indication that already tense US-Russia ties could strain further over the affair, the White House warned Russia not to grant Snowden a propaganda platform as top allies of President Vladimir Putin argued he should be given sanctuary. Snowden, 30, making his first publicised appearance since arriving in Moscow, told the activists he wanted to claim asylum in Russia until he could safely travel to win permanent sanctuary in Latin America. I ask for your assistance in requesting guarantees of safe passage… in securing my travel to Latin America, as well as requesting asylum in Russia until such time as… my legal travel is permitted, Snowden said. He said that the asylum request was being made Friday evening. The head of Russia’s Federal Migration Service (FMS) Konstantin Romodanovsky said early Saturday that Moscow had yet to receive the application which, if it arrived, would be examined according to normal legal procedures. Prominent Russian lawyer Anatoly Kucherena, who attended the meeting and promised to help Snowden, told Russian television that the asylum request procedure could take up to three weeks. But hinting that Snowden’s new application may be viewed positively, the speaker of Russia’s lower house of parliament Sergei Naryshkin and the upper house speaker Valentina Matviyenko both swiftly said his request should be accepted.
» October 17th, 2013
Markets close in 4 hrs 52 mins Stock Watch Cleantech Investment in United Kingdom Tops $36 Million in 3Q13 i3 Market Intelligence Platform Shows UKs Year-to-Date Investment Totals at $232 Million Press Release: Cleantech Group Inc. Wed, Oct 16, 2013 4:30 AM EDT Related Content SAN FRANCISCO–(BUSINESS WIRE)– Cleantech Group , provider of the i3 market intelligence platform and global consulting services, today released preliminary 3Q13 results from i3 . The firm reported that in the United Kingdom, clean technology venture investment during the quarter totaled $36 million, bringing the year-to-date total to $232 million. According to data in i3, United Kingdoms top deals and their investors were: Plaxica , an Advanced Materials company, raised $12.6 million from Imperial Innovations , NESTA , and Invesco Perpetual in a growth equity round Sefaira , an Energy Efficiency company, raised $9.2 million from Silicon Valley Bank , Braemar Energy Ventures , Chrysalix SET , and Hermes GPE in a debt & equity round Clean Air Power , a Transportation company, raised $7.8 million from Ervington Investments in a growth equity round Syrinix , a Water & Wastewater company, raised $3.1 million from Low Carbon Innovation Fund , Angel CoFund , and London Business Angel Network in a Series A round Synthace , an Advanced Materials company, raised $2 million from Sofinnova Partners in a seed round Efficiency continues to shine in 2013, leading the cleantech sector in terms of number of deals completed. Transportation saw considerable traction in Q3 2013, thanks in large part to Ubers $258 million funding round led by Google Ventures and TPG Capital, said Sheeraz Haji, Chief Executive Officer of Cleantech Group. Our i3 market intelligence platform reports that investor interest in software or cleanweb technologies is starting to scale, while the Agriculture and Advanced Materials sectors are making strong headway and are well-positioned to gain significant market traction in the years to come. i3 tracks the latest deals, trends, and insight into innovation, with data for over 22,000 companies across 18 sectors. The product also allows users to identify innovation clusters around the world, drill down into taxonomy for 18 sectors, and pursue company discovery. While the bulk of the data is only accessible by subscribers, a subset of data has recently been made available in i3. About Cleantech Group Inc. Cleantech Group helps clients accelerate sustainable innovation. The companys i3 market intelligence platform, which tracks over $7 billion of deal flow across 22,000 cleantech companies annually, allows subscribers to discover companies and explore resource technology trends strategically with proprietary real-time data. Cleantech Forums bring together thought leaders and innovators in the cleantech and sustainability ecosystem. The companys Advisory Services leverage expertise in designing and executing corporate strategies for sustainable growth and innovation sourcing. Details at www.cleantech.com Contact:
Punch reports that talks are continuing into reaching a compulsory prisoner transfer agreement, which could see more than half of the 534 criminals from Nigeria currently in UK jails repatriated. UK Prisons Minister, Jeremy Wright, told MailOnline how more foreign prisoners must serve their sentences in their own countries. Ministers have been ordered to step up efforts to end the scandal of more than one in eight prisoners being from overseas. British Prime Minister, David Cameron vowed to end the practice of the British taxpayer picking up the bill for criminals with no business in the UK. The Prime Minister said in 2010 that he would personally intervene to send more foreign criminals home. Britain has even made clear it would pay to build new prisons in countries like Nigeria to speed up the process of sending foreign criminals home. Up to 1m has been promised to upgrade Nigerian jails, including a new wing at Kirikiri Prison in Lagos. But to date little progress has been made. When the coalition was formed there were 11,135 foreign prisoners in UK jails, and this figure has fallen by just three per cent since to 10,786. Each felon costs an average of around 40,000 a year to keep inside. This post was written by
Prime Minister David Cameron: All of the United Kingdom should get behind England at World Cup
Take our poll here. Will you be cheering on Wayne Rooney in Rio? Getty Images David Cameron says he is sure the whole of the United Kingdom will get behind England at next year’s World Cup. The Prime Minister offered his congratulations to Roy Hodgson’s team after they secured their place at international football’s most prestigious competition with a 2-0 win against Poland last night. But Scotland, Wales and Northern Ireland all failed to progress from their qualifying groups, leaving England as the only home nation competing in Brazil next summer. Mr Cameron told MPs during Prime Minister’s Questions: “I’m sure the whole House will wish to join me in congratulating the England football team for their excellent win last night, ensuring they qualify for next year’s World Cup. “My commiserations to the other home nations, including Scotland, who had an impressive win over Croatia last night. “But I’m sure now that everyone in the United Kingdom will swing behind the English team.” Pausing while MPs cheered and laughed, Mr Cameron then added: “You can always dream and hope.” Will you be backing England in the 2014 World Cup? Error submitting your poll You can only vote once but click on the icons above at any stage to follow how the poll is progressing The Prime Minister was replying to the traditional first question of PMQs in which he is asked to list his official engagements. Questioner Labour’s Paul Blomfield (Sheffield Central), to laughter among MPs, replied to Mr Cameron: “Can I certainly associate myself with the remarks made by you in relation to the English football team. I’m only hoping that Sheffield United will follow their lead.” Sheffield United are bottom of League One, the third tier of professional football in England, and recently sacked their manager David Weir. Labour leader Ed Miliband also offered his congratulations to England.
» October 17th, 2013
VIDEO: Magician helps woman propose to boyfriend during enchanted evening in London
Country homes are coming back into fashion, after lagging behind urban locations such as Londons West End since the 2007 financial crisis when banks cut off mortgages. Prices for manor houses, farmhouses and cottages valued at more than 750,000 pounds climbed at the fastest rate in more than three years in the third quarter, Knight Frank LLP said in a report today, as Prime Minister David Cameron makes reviving the housing market central to his efforts to pull the economy out of recession. Its U.K. economic growth and broader housing-market confidence, said Liam Bailey , global head of residential research at the London-based property broker. The government last week introduced the second phase of its Help to Buy program, which offers mortgage guarantees that allow purchases with down payments as low as 5 percent. The first phase, which began in April, provided interest-free loans for buyers of newly built homes. Bigger Appetite The program has contributed to the most buoyant housing market since the financial crisis, even as two thirds of 31 economists surveyed by Bloomberg described it as bad policy. The governments measure will lead to a stronger market without causing a bubble, the EY Item Club, a London-based group sponsored by Ernst & Young LLP, said in a report today. Help to Buy has obviously been a catalyst that has encouraged people, Bailey said by phone. Its stimulated appetite to get into the market and thats not only the lower-end first-time buyers — its right through into the prime sector. In July, homebuyers took out 3,900 loans of 500,000 pounds or more, the most since September 2007, according to the Council of Mortgage Lenders. Theres also more willingness to lend at higher loan-to-value ratios, according to Henry Knight, managing director at mortgage broker Springtide Capital Ltd. Two years ago, Barclays Plcs Woolwich unit, Nationwide Building Society and Lloyds Banking Group Plcs Halifax stopped agreeing mortgages for more than about 1 million pounds, but now theyve moved up to 2 million pounds and some have gone to 3 million, Knight said by phone. There are just more lenders playing in that market now. Virginia Water Knight Franks prime country-house index, based on data from the firms U.K. branches, shows that prices rose 0.8 percent in the third quarter from the previous three months. Gains were led by Virginia Water, Berkhamsted and Cobham, just outside London.
London cabs will promote Philadelphia
And heartwarming video shows the exact moment he realized what was going on and immediately agreed to spending the rest of his life with her. Gillian Douse pops the question over dinner in Londons Eastbourne. The footage begins with London performing for other diners at the Prezzo restaurant in Eastbourne. As Douse finishes her dessert, the magician moves in to perform some close-up tricks including changing a 20 bill into a 50 one. RELATED: VIDEO: MAN HIT WITH UKULELE AFTER PROPOSING IN MALL Tom London via YouTube With the help of a little magic, Tom London made Bernies ring disappear reappear and then disappear again! He then takes a ring from Bernie’s hand and makes it vanish, before pointing to Douse’s pocket. To her boyfriend’s surprise, she pulls out a ring box and slowly opening it up asks: “Will you marry me?” A shocked Bernie smiles and leans in for a kiss before saying: “Yes.” Tom London via YouTube HE SAID YES! The happy couple embraces after Gillian Douse’s proposal is accepted. London wrote on his blog that, despite Douse helping him come up with the routine, he was still “extremely nervous” before the trick. “But it was wonderful. Gillian acted it out so well, Bernie really had no idea,” he added.
The campaign was launched this week by Mayor Michael Nutter and the Philadelphia Convention & Visitors Bureau. Email | Twitter | Google+ | LinkedIn London cabs are bearing advertising promoting Philadelphia. The campaign launched this week by the city, the airport and the Philadelphia Convention & Visitors Bureau is promoting Philadelphia as a destination for trade, conventions and leisure travel. Next month Mayor Michael Nutter will take a trade mission to London and Tel Aviv, Israel. In London, hell attend the World Travel Market trade show, where some 47,000 travel professionals are expected. Philadelphia will have a group at the London show, including Jack Ferguson , president and CEO of the Philadelphia Convention & Visitors Bureau. The delegation will host an event for airline executives, urging them to add international flights to Philadelphia International Airport a move that could net business and leisure travelers. Through these relationships, we will attract new international travelers, students, investment and trade opportunities for Philadelphia businesses, and create new jobs for Philadelphians, Nutter said. Nutter and Ferguson will attend the World Travel Markets ministerial dinner on Nov. 5. It will include tourism ministers from around the world. The magnitude of this mission is powerful with so many partners from various business sectors coming together to promote our great city as a hub for trade, travel, education and innovation, while positioning Philadelphia a world-class destination, Ferguson said.
» October 17th, 2013
The top 3 telecom companies in the country are Bell, Rogers and Telus. The study reports have been revealed on Wednesday, which emphasises on the finding that U.S. users may well be jealous of the urban users in Canada and the kind of wireless speed they enjoy. The 2-month long study conducted in August and September was performed in 13 metros of Canada, including Ottawa, Hamilton and Toronto. It was also conducted in Edmonton, Vancouver and Montreal. The study results mark Rogers as the winner in providing the fastest wireless network which Bell as well Telus does not fall much behind. While the magazine tested uploads and downloads of data like apps, photos and video, it did not put mobile phone calling quality under the scanner. PC Magazine had a similar test in the U.S. as well, which declared Long-Term Evolution network by AT&T as the fastest in the country. On the other hand, the prices charged by wireless providers in Canada are significantly higher than what is charged in the U.S. – the study says. U.S. providers like T-Mobile and Sprint still rule the market for those who have a tighter budget. The U.S.
EU, Canada set to conclude free-trade deal
A Senate expenses scandal implicating Conservative lawmakers has dogged the prime minister this year and undermined his efforts to keep the publics focus on his economic record. Nigel Wright, a former managing director at Toronto-based private-equity firm Onex Corp. (OCX) , resigned as Harpers chief of staff in May amid a police investigation following the disclosure he paid about C$90,000 ($87,200) to Senator Mike Duffy to help cover ineligible expense claims. Although Conservatives have fallen in public opinion polls since the scandal broke, Harper continues to have an edge on economic issues, surveys show . Consumer Issues Canadians should be allowed to purchase individual channels from cable television providers, rather than having to buy packages, according to the speech, and the government will encourage wireless firms to lower domestic roaming fees. Harpers administration has tussled with the countrys largest telecommunications providers — BCE Inc. (BCE) , Rogers Communications Inc. (RCI/B) and Telus Corp. (T) — seeking to limit their power and open the market to more competition. Throne-speech promises also included expanding no-cost basic banking services and closing the gap between U.S. and Canadian prices for consumer products. Canadian families work hard to make ends meet, and every dollar counts, the prime minister said in the televised speech, which was given in the parliamentary chamber that houses the Senate.
(The Canadian Press/Chris Young) It has grown secretive, it’s expensive, and it’s out of control. David Christopher, OpenMedia.ca Complaints Over Ford Brothers Drug Allegation Coverage Rejected Canadian Dollar Closes Higher as US Debt Deal Reached Mounting concerns over online government surveillance have spurred more than 30 organizations to form a coalition that aims to watch out for Canadians privacy rights. The move comes amidst revelations that Canadas ultra-secretive electronic spy agency may have illegally targeted Canadians within the past year, and fears that the controversial Protecting Children from Internet Predators Act could be re-introduced now that Parliament has resumed. The Protect Our Privacy Coalition spans the left-right political spectrum and includes citizen-based and civil liberties groups, privacy advocates, First Nations, labour groups, businesses, and academic experts. [The coalition] was formed in response to the concerns Canadians have over the governments dragnet collection of our really sensitive and private information, says David Christopher, communications coordinator for OpenMedia.ca, an open-internet advocacy group leading the coalition. It has grown secretive, its expensive, and its out of control. According to Sharon Polsky of the Privacy and Access Council of Canada, a member of the coalition, there are more than 100 federal laws that allow sensitive data to be gathered, used, and shared internationally without anyones knowledge or consent. The main force behind this data collection is the Communications Security Establishment Canada (CSEC), whose operations will soon be housed in a new $1.2 billion complex in Ottawathe most expensive Canadian government building ever constructed. But recent revelations have brought to light questionable discernment in the agencys surveillance practices, and critics say oversight is sorely lacking. In August, CSEC watchdog and retired judge Robert Decary said the agency could be engaging in potentially illegal spying during a review of its activities over the past year. A small number of records suggested the possibility that some activities may have been directed at Canadians, contrary to the law, Decary wrote in his report, saying he was unable to conclude whether the snooping was legal or not because of unclear and incomplete records. CSEC has also been linked to the infamous National Security Agency phone and Internet surveillance program in the U.S., leaked earlier this year by Edward Snowden. The Canadian agency played a role in the NSAs efforts by handing over control of an international encryption standard that allowed it to build a back door to encrypt data, according to documents obtained by the New York Times. More Oversight Needed Leading cyber-researcher Ron Diebert has warned that oversight of CSEC is really thin, and its historically cozy relationship with the NSA could put Canadians at risk of surveillance. In the latest scandal, it was revealed last week that CSEC has been conducting industrial espionage against Brazil on behalf of the NSA. These revelations have prompted concerns that the spying could do permanent damage to Canadas relationship with Brazilan important Latin American ally. It really points to the fact that we need much greater oversight and much greater transparency over what [CSEC] is up to, says Christopher. Canadians deserve a public, democratic debate about CSEC and the role that it should play, because CESC is conducting these activities in the name of all Canadians. The governments Privacy Commissioners office has said it wants to find out more about CSECs activities and is conducting its own investigation into whether the agency is illegally spying.
Canada: Who Will Keep an Eye on the Spies?
“The talks are now well advanced” and the two will meet in Brussels “with the aim of concluding negotiations on an accord that offers both sides major opportunities,” Commission spokesman Olivier Bailly said on Thursday. The two men will then brief the press on their discussions, Bailly said, declining to give details of the accord which remain to be settled. Overnight, Harper said “we will soon complete negotiations” on a free-trade accord which began in 2009, with Barroso tweeting that he hoped to conclude quickly. Many observers see a deal, which has proved difficult to conclude, as a possible template for EU talks with the United States on TTIP, the Transatlantic Trade and Investment Partnership which is touted as one of the biggest free-trade accords ever. Brussels and Washington have held a first round of discussions and are committed to making speedy progress but there are a host of differences to settle. According to EU figures, bilateral trade in goods last year was worth 61.7 bn euros ($84.0 billion), with Canada the 11th largest trading partner of the European Union, while the 28-member bloc was its second most important market after the United States. Official sources told AFP earlier the deal would give the European Union increased access for cheese sales, one of the last hurdles. On several previous occasions officials on both sides have said a deal was imminent but deadlines passed and no announcement was forthcoming. Negotiations were begun in 2009 with the expectation they would be concluded by late 2012 but they became deadlocked over a few issues, mainly in agriculture. Canada asked for increased European access for its beef while the EU sought to lower tariffs of up to 300 percent shielding Canada’s dairy industry from imports of European cheeses. A transatlantic deal would give Canadian companies access to 500 million European consumers and eliminate 98 percent of Canadian tariffs on EU goods. Politics & Government ‘If I Could, They Would Already Be in Jail,’ Sheriff Grady Judd said Good Morning America NEWARK, N.J. (AP) U.S. senator-elect Cory Booker said Thursday he’s ready to go to Washington and is not afraid if he “breaks dishes” trying to serve his constituents in New Jersey.
» October 17th, 2013
Britney Spears Set To Take A Long Break After Releasing ‘Britney Jean’ Album
Tuesday, Oct. 15, 2013 Britney Spears on Miley Cyrus: “She’s Brilliant” By Nicole Pomarico Courtesy WetPaint.com Since Miley Cyrus s new album, Bangerz, dropped last week, it seems like everyones talking about it even the Queen of Pop herself, Britney Spears . And after working with Miley on the albums title song, Bangerz (SMS), Britneys gotta admit it: shes impressed. In an interview with Londons 95-106 Capital FM (via E! Online ), Britney mentioned that shes a huge fan of Mileys. And not only do Britney and Miley share a manager, Larry Rudolph, but they both hail from the South, something that Britney says unites them. My mom and her mom know each other,” Britney said. “She’s a girl’s girl and she gets the whole Southern thing.” And, after finding out the love was mutual, Britney was thrilled. She has so much energy and she’s on fire, Britney said, so for her to even say anything about me is just really cool. We imagine Mileys thrilled to hear such kind words from someone she idolizes so much. She was my first record, Miley said in her MTV documentary, Miley: The Movement. Ill be a diehard fan for Britney, always. Hoping Britney and Miley will pair up on another track on Britneys December release, Britney Jean? Sound off below!
Britney Spears’ fans had better make the most of her new music as the singer has revealed that she plans on taking a lengthy break away from recording fresh material after the release of her upcoming album ‘Britney Jean.’ The ‘Work Bitch’ singer is preparing to release her eighth studio album on December 2 marking her return to the music scene for the first time in two years however, it looks as though fans won’t have much longer to enjoy Britney’s new material as she will be taking an extended break from recording new music next year. Britney Spears spotted out in London while promoting her new album (WENN) When asked by BBC Radio 1 if she ever expected to reach her eighth album, Britney replied in a British accent: Never in my wildest dreams! I’ll take a break after this one for a while. Speaking about the album, Britney continued: It’s really nerve-wrecking. You spend so much time working on this album and I’m really dedicated to it. It’s like my baby coming to life.” I don’t like performing my old stuff. I like performing my new stuff. I do it for the fans because they like the old hits, but I prefer the new stuff, she surprisingly added. Britney Spears in the music video for her new single ‘Work Bitch’ (WENN) The 31-year-old singer announced the title of the album this week during an appearance on Capital FM in the midst of her promotional trip in London and explained why she chose yet another eponymous name. It’s a personal album, and all my family, they always call me Britney Jean. It’s like a term of endearment, and I just wanted to share that with my fans, Britney told the station. While she may not release another album for a while, Britney will be kicking off a two-year residency at Planet Hollywood in Las Vegas on December 27 which will see the singer debut songs from the album in addition to a wide range of tracks from her back catalogue. Watch Britney Spears’ ‘Work Bitch’ music video below…
» October 17th, 2013
Santander Holdings USA, Inc. Declares Quarterly Dividend on Preferred Stock
Do Saints stay undefeated? Post to Facebook USA TODAY Sports’ Week 6 NFL predictions on USATODAY.com: http://usat.ly/1g2FdX0 Incorrect please try again A link has been posted to your Facebook feed. Sent! A link has been sent to your friend’s email address. 1 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs USA TODAY Sports’ Week 6 NFL predictions Staff report, USA TODAY Sports 10:42 a.m. EDT October 13, 2013 DeMarcus Ware (94) and the Cowboys hope to plant RG3′s Redskins on Sunday night. (Photo: Ronald Martinez, Getty Images) SHARE 10 CONNECT 5 TWEET 1 COMMENTEMAILMORE If the Dallas Cowboys had merely split with the Washington Redskins last season, America’s Team would have reached the playoffs. But Robert Griffin III and Co. swept their way to the NFC East crown by beating the Cowboys for the second time in Week 17. The division looks wide open again with Cowboys, ‘Skins and Eagles all saddled with three losses but still within a half-game of each other. The Redskins didn’t get their first W until Week 4 then went on bye. But winning in Dallas on Sunday night just might give them sole possession of first place by Monday morning. Elsewhere, the Denver Broncos, Kansas City Chiefs and New Orleans Saints all look to go 6-0, though the Saints seem to face the toughest test with a road trip to New England. Here’s how USA TODAY Sports’ panel of NFL experts foresee Week 6 unfolding: Jarrett
Bereft of several regulars like wide player Fabian Johnson, central defender Omar Gonzalez and forward Eddie Johnson, not to mention orchestrators Michael Bradley and Clint Dempsey, head coach Jurgen Klinsmann had hoped that the drop-off to their replacements would be small. Hed been hammering home the importance of depth and competition for positions for his two years and change in charge, after all. RED, WHITE AND BLUE USA supporters steal the show in win over Jamaica in Kansas City. But Mix Diskerud wasnt able to replicate Bradleys distribution, nor could he establish much of a partnership with Jermaine Jones in central midfield. Ahead of them, Johannsson didnt mesh with a mostly underwhelming Altidore either. With little traffic flowing through Landon Donovan or Bedoya on the wings, the attack lacked the necessary sting to push through an athletic Jamaican side and forge the requisite chances. They probably werent helped any by the flat 4-4-2 formation Klinsmann reintroduced after shelving it quite some time ago. And the high playmaker — typically Dempsey — in the customary 4-5-1 lineup was much missed. The backs hadnt the room to overlap with the wingers ahead of them staying wider, rather than coming underneath to support the lone striker. It was, simply put, a failure. After initially being pinned back by the Reggae Boyz, whose speed far exceeded their skill, the Americans found room to play higher upfield. But they had little use for that freedom. The defense wasnt entirely coherent and failed to feed the midfield much.
Eyeworks USA co-CEOs J.D. Roth and Todd A. Nelson made the announcement Tuesday. The production company has also named a new board of directors, which includes Roth, Nelson, Pinvidic and COO Ross Weintraub. Pinvidic’s promotion comes on the heels of multiple successes for the production company, which produces unscripted and nonfiction programming for broadcast and cable networks. Positioning Pinvidic as president is intended to give Roth, Nelson and Weintraub the ability to focus on business strategy, both globally and domestically. Now, with hundreds of employees, and hundreds of hours of programming in development and production each year, we need a superstar with great sales and producing experience, infectious enthusiasm and a genuine love for our business who can work with us to lead Eyeworks USA,” said Roth. “We know Brant is that guy, and were thrilled to continue to collaborate with him, creating content that moves people and can change their lives in a real way. Added Pinvidic: JD and Todd built a company focused on growth, creativity, and what is the key to the kingdom for Eyeworks USA: transformation — and theyve never been afraid to take risks or to be noisy. Being part of the fabric of the global Eyeworks organization, we are better positioned for growth than ever before. “I have been working closely with Brant Pinvidic since he joined the Eyeworks team five years ago. Brant is an outstanding creative and the right man to spearhead the exchange of his unique brand of creativity with our international sensibilities,” said Reinout Oerlemans, CEO and founder of Eyeworks Group. During his time at Eyeworks USA, Pinvidic has developed dozens of shows, including ABC’s Extreme Weight Loss, Spike TV’s Bar Rescue and Oxygen’s My Big Fat Revenge. Prior to joining the company, he was senior vp programming and development at TLC, where he helped launch several series, including Jon & Kate Plus 8. Eyeworks USA also produces Animal Planet’s My Cat From Hell, Discovery’s Flying Wild Alaska and ABC’s Splash, among others. Roth and Nelson has produced the first 11 seasons of NBC’s The Biggest Loser.
Markets close in 5 hrs 31 mins Stock Watch Santander Holdings USA, Inc. Declares Quarterly Dividend on Preferred Stock Press Release: Santander Holdings USA, Inc. 18 hours ago 25.25 0.0000 BOSTON, Oct. 16, 2013 /PRNewswire/ — Santander Holdings USA, Inc. (“SHUSA”), parent company of Sovereign Bank, N.A., announced today that its Board of Directors declared a dividend on SHUSA’s Preferred Stock. A dividend payment of $0.45625 per depositary share is payable onNovember 15, 2013 to holders of record onNovember 1, 2013 for the SHUSA’s Series C Non-Cumulative Perpetual Preferred Stock (NYSE:SOVPRC). About Santander Holdings USA Santander Holdings USA, Inc. is a member of the Santander Group and the parent company of Sovereign Bank, N.A. Santander Group is a network of diversified global retail and commercial banks offering a wide range of financial products. Founded in 1857, Santander Group has more than 102 million customers, approximately 14,600 branches more than any other bank and nearly 190,000 employees. Santander was recognized as 2012 Best Global Bank by Euromoney magazine, ranked second “Greenest Global Bank” in 2013 by Bloomberg BusinessWeek and was named 2013 “Sustainable Global Bank of the Year – Transactions” by the Financial Times. For more information about Santander, visit www.santanderusa.com . Note: “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release regarding Santander Holdings USA Inc.’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual future events to differ from those contained in the forward-looking statements, see “Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the most recently ended fiscal year. @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module.
» October 17th, 2013
Hollywood Post Alliance Honors Avid With the Charles S. Swartz Award
Getty Images For their hit song “Atlas” on the soundtrack to the film The Hunger Games: Catching Fire, the multi-platinum and multiple Grammy-winning band Coldplay — composed of Chris Martin, Guy Berryman, Will Champion and Jonny Buckland — will receive this year’s Hollywood Song Award at the17thannual Hollywood Film Awards, the first awards show of the 2013 season, The Hollywood Reporter has learned. Martin will accept on behalf of the group and perform the song at the gala ceremony on Oct. 21 at the Beverly Hilton. our editor recommends PHOTOS: ‘The Hunger Games: Catching Fire’ Cast Heats Up Cannes The song, which was released in September, reached No. 1 on iTunes in 43 different countries. The entire soundtrack for The Hunger Games: Catching Fire will be released by Lionsgate and Republic Records on Nov. 19, 2013, and the film will open worldwide on Nov. 22, 2013. The Hollywood Film Awards are determined by founder and executive director Carlos de Abreu and an advisory committee. De Abreu tells THR, “The Hollywood Film Awards is thrilled to present the Hollywood Song Award to a band as globally respected and prolific as Coldplay. They continue to build their legacy and, with Atlas marking the first time they have recorded for a motion picture, we cannot think of an artist better deserving of this honor. VIDEO: Coldplay Unveils ‘Hunger Games: Catching Fire’ Song, ‘Atlas’ Other 2013 honorees who have already been announced include12 Years a Slave director Steve McQueen and supporting actress Lupita Nyong’o; 42′s supporting actor Harrison Ford; August: Osage County’s ensemble and supporting actress Julia Roberts; Before Midnight’s lead actress/co-screenwriter Julie Delpy, lead actor/co-screenwriter Ethan Hawke and co-screenwriter/director Richard Linklater;Behind the Candelabra producer Jerry Weintraub; The Book Thief’s lead actress Sophie Nelisse; Captain Phillipsproducer Michael De Luca; Dallas Buyers Club’s lead actor Matthew McConaughey and supporting actor Jared Leto; Gravity’s lead actress Sandra Bullock; Fruitvale Station’s lead actor Michael B. Jordan; Lee Daniels’ The Butler director Lee Daniels and supporting actor David Oyelowo; Monsters Universitydirector Dan Scanlon and producer Kori Rae; Pacific Rim visual effects supervisor John Knoll; and Prisoners’ supporting actor Jake Gyllenhaal. Over the past 10 years, Hollywood Film Awards honorees went on to garner a total of 96 Oscar nominations and 34 Oscars. (Full disclosure: Dick Clark Productions, which shares the same parent company as THR, has an undisclosed investment in the Hollywood Film Awards.)
Building on their strong heritage of innovation, it is exciting to see Avids ongoing dedication to our community. Recognized as a leading provider of audio and video technology for media organizations and content creators, Avids tools and products are widely used by creative and media professionals around the world to make, distribute and monetize content. Avid led the revolution in non-linear editing over 25 years ago, irrevocably changing the way that creative projects were finished. Unveiling a prototype of their first non-linear editing system the avid/I at the 1988 NAB, within just a few years Avids category-defining products began to dethrone traditional film editing. Non-linear digital editing came to be the predominant standard, and the company has continually exerted its influence through its extensive R&D, development of IP, and expansion into audio production, broadcast, and live sound. The companys products have been recognized with numerous industry and technology awards, including two Oscars a Grammy, and 14 Emmys. The company holds over 200 patents. Avid continues to develop crucial new technologies, and is at the forefront of helping an industry in rapid change, continually move forward. In September, the company announced Avid Everywhere, its vision to connect creative professionals and media organizations with their audiences in a more powerful, efficient, collaborative, and profitable way. In a major move to broaden collaboration across its community of customers and industry partners, the company also announced the creation of the Avid Customer Association, a comprehensive initiative designed to provide essential strategic leadership to the media industry, collaborate with key industry leaders and visionaries, and deepen relationships between the company and its customers. Hernandez said of the award, We are deeply honored to receive this award, and are especially proud to be recognized by the HPA, the voice of the post community. The post production industry has always been a source of innovation and inspiration. From the beginning, Avid has had deep roots within this community, and we are dedicated to being your trusted partner long into the future. The award was named in honor of the late Charles S.
Hollywood needs Latino actors: Mexico’s Bichir
Sitting on a sofa, Bichir appeared relieved to have finished the first three weeks of shooting on site in Mexico before cameras roll in the southern US city of New Orleans. “I thought the process was going to be much harder in terms of nerves,” the 50-year-old film-maker told AFP. “Could it be that age makes you more cynical?” “There’s a director sleeping, hidden in every actor,” said Bichir, scion of a family of actors. Bichir has a role in his movie alongside US star Eva Longoria, his father Alejandro and his Canadian girlfriend Stefanie Sherk. The film, he said, is being made “with much more heart than money.” “Part of what we want to do with ‘Refugio’ is to open a breach in order to continue telling more stories, to win some sort of credibility and be able to put different studios and actors on the table,” said the actor. Hollywood Latino power Bichir, who played Fidel Castro in Steven Soderbergh’s “Che” saga and had a role in Oliver Stone’s Mexican drug cartel film “Savages,” divides his time between Los Angeles and Mexico City. “I think that we Latino actors in Hollywood are very much needed but it will be more interesting when we generate our own projects,” he said. He said the growing clout of Hispanic actors in Tinseltown has nothing to do with “the Hollywood dream.” “It has more to do with an adventurous spirit. For me, opening a path to the United States was hard work and I am where I am thanks to hard work, not talent,” he said. But the prizes he won at the Screen Actors Guild ceremony and Independent Spirit Award for his performance in a “A Better Life” tell a different story. He now stars in the new FX series “The Bridge” as a Mexican detective based in the drug violence-torn border city of Ciudad Juarez who teams up with a US homicide cop, played by Diane Kruger. Mexico’s drug violence “The big, stressful problem in Mexico right now is violence,” Bichir said. More than 70,000 people have died amid bloody turf battles between drug cartels in Mexico since 2006, with more than 10,000 of those deaths in Ciudad Juarez alone. The surge in violence coincided with the deployment of troops by then president Felipe Calderon, who sent 50,000 soldiers to the streets to crack down on gangs after taking office in December 2006. “The problems is this stupid war that was started by the former president, who now gives classes at Harvard,” he said, referring to the academic job that Calderon was given by the US elite university after he left office in December 2012.
» October 17th, 2013
The technology systems on which they are based have the same vulnerabilities as cloud based provisioning and indeed they may be less secure as software implemented in specific enterprise environments usually has extra vulnerabilities because the security features will not be standardised or as fully tested. It is also true that human factors remain the critical vulnerability of all computer systems (e.g. malicious insiders / over friendly employees). Moreover, IT systems today are not hermetically closed as in the past because of the use of mobile services, the trend towards using own devices and the sharing of platforms with customers, citizens, business partners, etc. . This is why cloud computing, with the right specifications, should be considered as a safer solution to store data than on-premises. Should encryption be used to protect sensitive information in transit and storage? Encryption can and should be used to protect sensitive information in transit and storage. The data is encrypted by the user, or by the provider, so that it is protected when going through the Internet, and to the cloud where it is stored. The data can be brought back through an encryption gateway for processing on secure servers. This makes encrypted data stored in the cloud a secure solution. It is true however that cyphers can be broken, or the keys can be accessed.
And as they benefit from cheaper feedstock and lower energy costs, they can easily compete against Europe’s regional refiners. “Cheap gas is making a huge difference to the profitability of U.S. refining industry. The loser is Europe. It has to be. There is no consolidation going on and no great consolidation hope,” Torbjorn Tornqvist, chief executive officer of trading house Gunvor told the Oil & Money conference this month. Diesel imports from Russia, Asia and the U.S. Gulf Coast reached a record 4 million tonnes in September, according to traders. “The trend of U.S. exporting products is going to continue, you’re going to see diesel coming from the United States to Europe for the foreseeable future,” the head of Glencore’s oil division Alex Beard said this month. 2013 may go down as one of the weakest in recent decades, as refining margins in the third and fourth quarter plummeted due to high crude costs and weak product demand. Total, Europe’s biggest refiner, said refining margins in the region had dropped to a near four-year low of $10.6 per tonne in the third quarter. Other than the old, simple East European refineries, plants in coastal areas such as Italy that are easily accessible for importing remain the most vulnerable.
Europe’s Car Sales Rally, Thanks To Discounts, Dealer Action
Thats a fall of 4.0 per cent on the first nine months of last year. Peter Fuss, partner at consultants Ernst & Young Ernst & Young s Global Automotive Center in Frankfurt, Germany, said the recovery in car sales was down to the improvement in Europes economic outlook, with the Euro currency zone pulling out of recession during the second half of 2013. But with factory use down to less than 65 per cent by manufacturers, according to Fuss, this underlines the chronic overcapacity in Europe, which remains unresolved because of pressure from unions and governments to resist rationalisation. The European industry is looking for a bailout along the lines of the U.S. intervention on behalf of bankrupt GM and Chrysler, to allow it to finally shut-down uneconomic factories. But given the financial crisis in the euro zone, this is simply unaffordable. Ernst & Young expects an overall decline of three per cent in Western Europe for the whole year, and only modest growth next year. This growth will continue to be artificial one that is driven by discounts and self-registrations. We estimate it will take at least two years for the market to witness the real sales recovery, driven by replacement demand. As a result, profits for automakers are likely to remain challenged at least until 2014 is out, Fuss said. According to ACEA, Volkswagen of Germany remains the market leader with just under 25 per cent of the market. VW is still strongly profitable, and has brands like Audi Audi , SEAT, Skoda, Lamborghini and Bentley in its stable.
Europe faces new wave of oil refinery extinctions
Diageo Plc (DGE.L), the world’s biggest spirits company, reported a 3.1 percent rise in sales for its first quarter, ended on September 30. While sales rose 10.9 percent in Latin America and the Caribbean, 5.1 percent in North America, they grew only 1.3 percent in Africa, Eastern Europe and Turkey and 0.6 percent in Asia Pacific – markets whose growth drinks firms have been relying on as austerity-hit Western Europe struggles. Sales in Western Europe fell 1.1 percent. Several analysts said Diageo’s results were below consensus expectations for an overall sales rise of 4 percent. Investec analyst Martin Deboo said the results for Diageo, were maker of Johnnie Walker whisky and Smirnoff vodka, fitted his sell thesis – “that emerging markets are set to make life difficult for Diageo for a while”. Both Diageo and France’s Remy Cointreau (RCOP.PA) cited a Chinese government crackdown on gift-giving as a drag on sales there. Remy, which generates about 40 percent of its operating profit from cognac sales in China, said wholesalers were reducing inventories after sales fell short of expectations during the Chinese New Year. The maker of Remy Martin cognac, Cointreau liqueur and Mount Gay Rum said revenue declined 5.3 percent on a like-for-like basis to 294.4 million euros (247 million pounds) in the three months to September 30, its second quarter, compared with a 2.3 percent decline in the previous quarter. Sales of Remy Martin cognac fell 8.3 percent like-for-like, compared with a 12.9 percent slump in the first quarter, and the firm said China would continue to weigh on sales in the coming months. A recent weakening of various currencies against the U.S. dollar has also hit results. Diageo, which made a net profit of 2.59 billion pounds in the year to June 30, said that, based on spot rates, foreign exchange factors would reduce 2014 operating profit by 165 million pounds. Meanwhile brewer SABMiller Plc (SAB.L), maker of Peroni and Grolsch beers, reported net revenue rose 6 percent in its second quarter, after a 2 percent rise in the first. Sales rose 4 percent in Latin America, 3 percent in North America, 12 percent in Africa, and 5 percent in Asia Pacific, but were flat in Europe. “We see this as a solid result in tough market conditions,” said Numis Securities analyst Wyn Ellis.