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US stock markets reach 12-year lows

Thursday, March 5, 2009

US stock markets dropped to twelve-year lows on Thursday, amidst falling confidence in the financial sector and worries over whether the US automobile manufacturer General Motors will be able to keep operating.

The Dow Jones Industrial Average dropped by 4.08%, or 280.52 points, at the closing bell, reaching a level of 6595.32, a new 12-year low. The Nasdaq Composite lost 54.15 points, or 4%, to 1299.59, while the Standard & Poor’s 500 plunged by 30.27 points, or 4.25%, closing at 682.60.

Every stock in the Dow Jones, other than Wal-Mart, either lost ground or remained even, and all stocks in the S&P 500 index lost ground.

General Motors’ shares lost 15.5% after the auto firm announced that its auditors had “substantial doubt” over whether it would be able to keep operating.

Shares of financial companies were lower by nine percent, with Bank of America losing 11.7% and Citigroup falling by 9.7%.

“What’s most worrisome is that we haven’t hit the crescendo yet,” said Bill Groeneveld, the head trader for vFinance Investments. “Asset-management divisions are getting calls to just liquidate everything, and we haven’t seen the big players come back in at all.”

“This is one of the worst bear markets in the last 100 years; it started out with the credit crisis and the subprime [loans], but it is like a forest fire that has raced across the clearing and ignited other parts: Autos, auto parts, the insurance companies have been hit very hard. The credit crisis is causing an unraveling of industry after industry because the banks don’t lend,” said David Dreman, the chief investment officer of Dreman Value Management.

European markets were also lower today, with the London’s FTSE index losing 3.2% and the DAX index of Germany falling by five percent.

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Hair Replacment Services: The Good, The Bad And The Ugly

By Debra Espy

Since the early 70’s I have been styling, consulting, managing, or owning non surgical hair replacement businesses. Through my years in this industry I have won the Apollo National Hair Replacemnt Stylist of the Year Award, and was the First Runner Up in another years competition. Among my credentials are that I am certified in advanced hair replacement training, method of men’s hair attachments and hair replacement designs, non surgical hair replacement training, certified by the Lace Class at the Hair Replacement Academy, and been certified as a non surgical hair replacement instructor, stylist, and consultant.

Over my many years in the hair restoration business I have seen many changes. Unfortunately for hair replacement clients these changes have all been to get into your wallet. I have seen hairpiece prices go up from about $500.00 each to over $2,000 each simply by adding a technological name to the product, though the cost of these products haven’t increased accordingly. I have seen hair replacement studio owners watch for new clients to see what they are driving to get an idea on how much a prospective client can afford. I know of owners who will not discuss products or pricing untill they run your credit and can determine how much to charge.

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Finally the newest concept of my industry are hair replacement programs. These programs can run anywhere from a few thousand dollars a year to $10,000 a year for products and services you can obtain for much less. Sadly I confess many of my associates simply have become geedy.

My purpose of this article is not to promote my business but to make hair replacement consumers aware of the state the hair restoration industry has taken over the years and is in today.

My advice is to research and to do comparative shopping. If you drive a Lexus, go to Sears, the price of a bicycle does not jump in value. In other words a hair piece is a hair piece. My best advice through my many years of experience is do not be deceived by complicated product names. These type of product terms serve only one purpose and that is to “Jack Up” your costs.

Throughout over thirty years in the Hair Replacement I have seen many good things happen to this business from more natural designs, and the informational internet highway. The days of the toupee which gave in my opinion an ugly wig look, to the bad which are tricks of the trade that some of my colleagues use to raise their costs. Take more time when looking for a quality hair replacement system, compare the prices and offers from companies in your own area and surrounding areas. Look for websites that are showing their prices in their page titles. Look a little deeper than the first couple of web pages because believe it or not you just might find a ten on page 10.

About the Author: Debra Ann Espy is a certified and trained non surgical hair replacement expert including a former Apollo National Hair Replacement Stylist of the Year now offering affordable non surgical hair loss solutions instead of high prices.

endhairloss.biz

Source:

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Permanent Link:

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Sirius CEO visits congress

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Sirius CEO visits congress
Author: U5M4mh Posted under: Uncategorized

Friday, March 2, 2007

Sirius CEO Mel Karmazin appeared before a newly formed Antitrust Task Force, a sub-committee of the House Judiciary Committee, on Wednesday last week in Washington, D.C. to defend the proposed U.S. merger between XM and Sirius satellite radio services.

The hearing, carried live on C-SPAN, was attended by representatives from various competing broadcast companies. The representatives challenged the merger deal, and some speakers were openly hostile to Karmazin and to satellite radio in general, while other speakers were more civil.

Several times during the debate, the discussion centered on the failed merger deal between the two satellite television networks DirecTV and Echostar. The comparison between this proposed radio merger and the failed television merger was settled to some extent with an understanding that nearly all television viewers now use either cable or satellite to view available programming. Televised programming content is now delivered mainly in the form of a subscription, rather than airwave transmissions.

Unlike television programming, most radio listeners use over the air receivers to listen to free programming content supported advertisers.

“We come to this hearing with an open mind, but we recognize that the companies have the obligation to convince the Congress, the regulators, and most importantly, the American People that this combination will improve the competitive playing field and benefit consumers,” said John Conyers, the sub-committee chairman. To determine the legality of this merger, Congress first needs to decide whether a combined XM and Sirius would be a monopoly, as the only satellite radio provider in the United States, or whether the new company will actually be in competition with other forms of radio-like entertainment, according to Conyers. The hearing focused on alternatives such as Internet radio, terrestrial radio, portable audio devices, and emerging services, such as cell phone services and WiMax.

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International row after Spielberg quits 2008 Beijing Olympics

The U.S. film director stepped down as artistic adviser saying that China, which has close links to the Sudanese government, should do more to address the Darfur situation. » Full story


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Software giant Adobe Systems to acquire Magento Commerce for US$1.68 billion

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Software giant Adobe Systems to acquire Magento Commerce for US$1.68 billion
Author: U5M4mh Posted under: Uncategorized

Wednesday, May 23, 2018

On Monday, San Jose, California, US-based software company Adobe Systems announced their plans to acquire California-based e-commerce handling web service Magento Commerce for 1.68 billion US dollars (USD). After Adobe made the announcement via their official website, Adobe’s stocks rose by around one percent, ending Monday extended trading at USD 238.10 per share.

Magento provides services for the creation of digital ads and handling of online transactions. Magento’s services are used by Nestlé, Coca-Cola, Warner Music, and Canon. The acquisition, which is expected to take place in the third fiscal quarter of this year, is to be an all-cash deal. Adobe is to acquire Magento from Permira equity firm. In 2015, Permira bought Magento from eBay, an eCommerce website. Adobe, in their official statement, said, “Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud”.

Adobe also announced a buyback of shares worth USD eight billion by 2021. Magento’s CEO Mark Lavelle said, “Adobe and Magento share a vision for the future of digital experiences that brings together Adobe’s strength in content and data with Magento’s open commerce innovation […] We’re excited to join Adobe and believe this will be a great opportunity for our customers, partners and developer community”.

After the announcement, stocks of Magento’s competitors Shopify, Inc dropped by about 4.8%. They finished extended trading at USD 137.60 after the announcement.

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Getting A Moving Naples Company To Help You Out

Author: U5M4mh Posted under: Surveyors

byalex

When you ask a friend or family member to help you move, most are more than happy to offer their services. After all, there is a good chance that you helped them move at least once. With this in mind, they will put the date into their calendar and promise that they will be there for you first thing in the morning. The problem is, not everyone who promises that they will help will end up showing up. Some will cancel before the big day because they have legitimate items that they need to take care of. Others will wait until a week or so before the move to tell you that they are not going to show up. There are even some who are going to wait until the morning off to call out “sick” from helping you. With all of this in mind, it is important to recognize that you take all of this account so that you don’t make your Moving Naples plan around everyone showing up.

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At best, you have to plan for at least 75% of the people that you ask to not show up. While you % of the people that you ask, you need to call out professional movers to help you out. While you can be disappointed at your friends and family members later, you need to be sure that you are properly taken care of in your move. You don’t want to be left in a situation where you and another person have to move four rooms full of heavy furniture on your own.

When you weigh all of the costs that goes along with renting a moving van and any penalties that go along with turning it in late, you will find that hiring a Naples moving company is going to cost you roughly the same amount of money. Plus, it will save your back, and your patience, form a lot of extra strain.

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Eyewitness account: from the streets of Bangkok

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Eyewitness account: from the streets of Bangkok
Author: U5M4mh Posted under: Uncategorized

Thursday, September 21, 2006

A businessman currently representing his place of employment in Thailand has left the following eyewitness account for Wikinews:

“How safe are the streets of Bangkok? As a somewhat nervous US citizen holed up in a hotel room in this massive South Asian metropolis, I decided to venture forth and see for myself. For courage as much as anything, I walked with my close friend and business partner, who like me, hails from San Diego, California.
“I left my suite at the Royal River Hotel and walked down Soi Charansandwong, the narrow street that leads from the hotel to the busy road that crosses the city and shortly thereafter, the Chao Phraya River, known as the ‘River of Kings.’
“Thailand does, indeed, love their kings, or particularly, their current King. Evidence of this is clear: at least a third of the people walking on the streets wear the ‘King Shirt,’ a bright yellow shirt that bears the crest of the King.
“Even newsreaders on the local television news can sometimes be seen wearing the yellow shirt as a showing of support for the King.
“Leaving the alleyway, we walked to the busy Thonburi district. Immediately, I could see a group of soldiers, some standing, others sitting, along a sidewalk on the main street. They had set up a check point, but I saw but one vehicle stopped, a beat up truck that appeared to have come in from the countryside, loaded with fruit.
“We passed all the various businesses along the street as we walked, all open and apparently unaffected by the Coup.
“Walking slowly down to where the soldiers were and smiling at them as we walked, we approached the man who appeared to be the commanding officer. He smiled back and asked us where we were from. He was a bit business like at first, but this was a man who had a job to do, of course. What his overall job was, I am not sure. It appears that the military, for the most part, is present as a show of support and to act if any anti-Coup action should take place. Perhaps they are merely present to keep the peace.
“My friend noticed that the soldiers appeared to be uncomfortable in their uniforms, not the most comfortable clothing to wear in the hot and humid world that is Bangkok.
“Each soldier, unable to wear a yellow shirt and stay in uniform, instead bore a yellow ribbon of support for the King, usually tied to his rifle.
“Walking back to a small stand, we purchased twenty bottles of cold drinks and returned to the soldiers and handed them to the officer in charge. He smiled and accepted the offering and handed them out to his men.
“As we continued to walk down the sidewalk, three women came out of their shop, one wearing a yellow king shirt, and they thanked us for the gesture.
“The streets of Bangkok, otherwise, appeared completely normal in all respects. Street vendors hawked various items of food, car shops were installing high tech stereo systems and dogs, here and there, sat quietly in whatever shady spot they could find.
“We crossed the street and walked down an alleyway to the nearest Temple. Walking on the cool, green grounds of the Temple complex, the Coup felt like it was a million miles distant. Bowing and placing our palms together, we greeted a monk on the grounds who was trimming a hedge. Despite the Coup, Bangkok seemingly remains peaceful in all respects. We could smell the delightful scent of freshly cut grass.
“Earlier, I asked the doorman at the Royal River Hotel what he thought about the Coup. ‘We needed it, ” he smiled, “things were too corrupt. Don’t worry. It should all be over in three days or so.’
“Perhaps. But, certainly, I felt no danger on the street from the army or from anyone I encountered. Returning to Soi Charansandwong, I approached an ATM and withdrew a couple of hundred dollars worth of Baht, the currency of Thailand, with my US bank issued card.
“Money in hand, I entered a tailor shop and sat down with the shop manager, who was from India, and ordered a new suit to be made. As he measured me, I asked if business had been slowed due to the Coup. ‘No, not at all. I sold a suit today to another American, as a matter of fact.’ He promised me that my suit, which included two pairs of pants and two custom made dress shirts, would be ready early the next morning.
“We left the alleyway and once again walked down the busy road. The commanding officer gave us a very big smile this time as we passed him and several of the soldiers gave smaller, shy smiles as we passed. Encouraged, we once again popped into a small shop and bought additional soft drinks to hand out.”
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

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Canada’s Etobicoke Centre (Ward 3) city council candidates speak

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Canada’s Etobicoke Centre (Ward 3) city council candidates speak
Author: U5M4mh Posted under: Uncategorized
This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Monday, October 30, 2006

On November 13, Torontoians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Etobicoke Centre (Ward 3). One candidate responded to Wikinews’ requests for an interview. This ward’s candidates include Doug Holyday (incumbent), Peter Kudryk, Lillian Lança, and Ross Vaughan.

For more information on the election, read Toronto municipal election, 2006.

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News briefs: February 12, 2014

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News briefs: February 12, 2014
Author: U5M4mh Posted under: Uncategorized

Thursday, February 13, 2014

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