You need to analyze all market’s aspects before beneficial investment. And business news are essential for the analysis. You can be a dealer or not, but if you want to get updated with the latest happenings in the business, then you need to keep side by side with news and updates of business almost every minute. actually, nobody can reject the fact that staying up-to-date with the latest events in the business world is very important. Read more…
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11.08
2011
You should be always up-to-date with business news
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27.07
2011
New Economist Big Mac Index Says Yuan Is Almost At Correct Value Against The Dollar
The Economist uses the Big Mac Index to see if currencies are at the right level. Its based on this theory called purchasing-power parity- the idea that over time exchange rates should move towards the rate that would equalize the prices of a basket of goods and services around the world.
In this edition of the Big Mac Index, they’ve found that a Chinese Big Mac is 44% cheaper than an American one. That’s natural, as China is poorer than the U.S.. In fact, The Economist thinks that’s about where it should be.
Also, the chart below shows us that there’s a strong relationship between the price of a Big Mac and a country’s GDP per person. Read more…
27.07
2011
Carphone Warehouse hails ‘satisfactory’ start to its year
PHONE and electrical goods group Carphone Warehouse today said it is well placed to capitalise on improving markets, in a trading update for the first quarter.
The business, which earlier this year demerged from its TalkTalk phone division, operates as Carphone Warehouse Europe , Best Buy in a joint venture with the US pone and stores chain, and as a partner in Virgin Mobile France.
It revealed today that CPW’s three month like-for-like sales were 3.3% down at £756m, due to a shift from 18 month to 24 month contracts, while sales growth across the rest of Europe was “positive”.
Best Buy saw connections continue at its US stores, growing 12.3% to 1.6m, and a 28% increase in like-for-like sales.
Its UK store expansion is on hold while the group assesses its options. Aintre
27.07
2011
Gina Camaj Salon to celebrate May opening
The Colonie Chamber of Commerce will host a ribbon cutting ceremony at Gina Camaj Salon, which opened in May, on Friday, July 29 from 5 to 9 p.m. at 599 Watervliet Shaker Road in Latham. There will be refreshments, hors doevres and giveaways.
Camaj, a Colonie native, lives in Latham. This is the first salon she has owned, though she has previously worked at several other salons and been a hairdresser for seven years.
The salon is a Paul Mitchell-focused salon and is located next to Bella Napoli Bakery across from the Fresh Market. Hours are Tuesday through Friday 10 a.m. to 8 p.m. and Saturday 10 a.m. to 5 p.m.
26.07
2011
Profit up, L-3 Communications spinning off government services business
The company, which manufactures secure communications systems and specialized communications products, boosted its full-year profit guidance.
Its portfolio includes Sarasota County’s L-3 Aviation Recorders, a 250-worker unit that makes makes “black boxes” for the aerospace and maritime industries.
For the quarter ended June 30, the parent company reported profits of $242 million, or $2.26 per share, up from $227 million, or $1.95 per share, a year ago. The recent quarter’s results included a tax benefit of 11 cents per share.
26.07
2011
Gov’t: Health tab to hit $4.6 trillion in 2020
WASHINGTON (AP) — The nation’s health care tab is on track to hit $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy, government number crunchers estimate in a report out Thursday.
How much is that? Including government and private money, health care spending in 2020 will average $13,710 for every man, woman and child, says Medicare’s Office of the Actuary.
By comparison, U.S. health care spending this year is projected to top $2.7 trillion, or about $8,650 per capita, roughly $1 of $6 in the economy. Most of that spending is for care for the sickest people.
The report from Medicare economists and statisticians is an annual barometer of a trend that many experts say is unsustainable but doesn’t seem to be slowing down. A Read more…
26.07
2011
Staff at Speke’s Shop Direct rise to challenge to help heroes
STAFF at Speke online retailer Shop Direct, including chief executive Mark Newton-Jones, have raised more than £15,000 to help UK military personnel.
They completed the gruelling Three Peaks challenge, scaling mountains in England, Scotland and Wales, in 24 hours.
Eleven senior managers and staff were joined by nine Royal Marines and more than 30 other Shop Direct staff in their task.
The proceeds are for Help for Heroes, which aids servicemen and women wounded in Afghanistan and Iraq, and Commando 999, which supports Royal Marines and their families.
Mr Newton-Jones said: “Help for Heroes and Commando 999 are two incredibly deserving causes and I had no problem persuading my colleagues to join me for what promised to be a challenging and inspirational 24 hours.
“While the challenge was an immense test we continually reminded ourselves our endeavours pale into insignificance compared to the sacrifices servicemen and others like them have made during recent years.”