Asia

US futures: (S&P -7.50, Dow Jones -46, NDX -13.50 with fair value lower lessening the ugliness) Asia mixed and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is lower vs Euro, lower vs. Pound and lower ...
US futures: (S&P -7.50, Dow Jones -46, NDX -13.50 with fair value lower lessening the ugliness) Asia mixed and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury Yield -2. Prices as of 7:55 a.m. EST.
18 minutes ago
HSBC Holdings (NYSE:HBC): Current price $55.29 Judge John Gleeson might cancel the so-called deferred prosecution agreement made in December, that allowed HSBC immunity from allegations that it allowed terrorists to move a minimum of 584...
HSBC Holdings (NYSE:HBC): Current price $55.29 Judge John Gleeson might cancel the so-called deferred prosecution agreement made in December, that allowed HSBC immunity from allegations that it allowed terrorists to move a minimum of 584 million pounds about the financial system. Such a ruling could leave the firm open to criminal prosecution, along with a ban from operating in the United States, although HSBC disputes that. The Justice Department is said to be challenging Gleeson’s need to approve the deal. He last mentioned the case in February, saying that he had neither approved nor disapproved the resolution. In a statement, HSBC commented in part that “for more than two years, our new leadership team in both New York and London has been implementing reforms and new controls, investing in compliance systems and staff, and putting in place the most effective global standards across our network to combat financial crime on a global basis.” Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now. Morgan Stanley (NYSE:MS): Current price $24.22 On Friday, Morgan Stanley announced a shakeup of its Asia equities capital markets team, naming Jerome Leleu and Mille Cheng as co-heads of its equity capital markets business in Asia. The two will replace Justin Haik, who is transitioning to a new position as senior client relationship manager for equities in Asia. The changes were announced in an internal memo, verified by a Morgan Stanley spokesman. Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now. Gramercy Property Trust (NYSE: GPT): Current price $4.72 Gramercy reported Friday that it has closed on a $14.5-million senior mortgage financing with Northwestern Mutual Real Estate Investments. The 3.28-percent five-year, fixed-rate loan is secured by the firm’s previously-purchased 540,000 square foot industrial portfolio located in the Indianapolis metro area. Gramercy Property Trust is a self-managed, integrated commercial real estate investment and asset management firm, which owns, directly or in joint ventures, 105 buildings that total 4.0 million square feet of office and 1.7 million square feet of industrial, which are net leased on a long-term basis to tenants. Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now. Ellington Management Group (NYSE:EFC): Current price $25.08 Ellington Management Group of Old Greenwich, Connecticut, has hired Steven Abreu from GMAC Mortgage so as to initiate an origination division. Abreu is the former president of GMAC Mortgage, starts at Ellington Friday in the newly-created position of head of mortgage originations, according to a company statement, a copy of which was obtained by Bloomberg News. Abreu will endeavor to buy one or more originators via its publicly traded affiliate, Ellington Financial, said the statement. Ellington is a $5.5 billion investment company founded by Michael Vranos that specializes in mortgage-backed bonds. Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now. Don’t Miss: Here’s Why Most Americans Will Work Past Retirement Age. Read the original article from Wall St. Cheat Sheet
19 minutes ago
Interactive Intelligence to Present at Raymond James Internet/Software Crossover Conference INDIANAPOLIS--(BUSINESS WIRE)-- Interactive Intelligence Group Inc. (NAS: ININ) , a global provider of unified IP business communic...
Interactive Intelligence to Present at Raymond James Internet/Software Crossover Conference INDIANAPOLIS--(BUSINESS WIRE)-- Interactive Intelligence Group Inc. (NAS: ININ) , a global provider of unified IP business communications software and services, today announced that its CFO, Stephen R. Head, will present at the Raymond James Internet/Software Crossover Conference held in Half Moon Bay, Calif. on Thursday, May 30, 2013 at 9 a.m. Pacific time (12 p.m. Eastern time). A live webcast and the replay of this presentation will be available on the investor relations section of the company's website at http://investors.inin.com. About Interactive Intelligence Interactive Intelligence Group Inc. (NAS: ININ) is a global provider of contact center, unified communications, and business process automation software and services. The company's unified IP business communications solutions, which can be deployed on-premises or via the cloud, are ideal for industries such as financial services, insurance, outsourcers, collections and utilities. Interactive Intelligence was founded in 1994 and has more than 5,000 customers worldwide. The company is among Forbes Magazine's 2011 Best Small Companies in America and Software Magazine's 2012 Top 500 Global Software and Service Providers. Interactive Intelligence employs more than 1,400 people and is headquartered in Indianapolis, Indiana. The company has offices throughout North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Interactive Intelligence can be reached at +1 317.872.3000 or info@inin.com; on the Net: www.inin.com. Interactive Intelligence is the owner of the marks INTERACTIVE INTELLIGENCE, its associated LOGO and numerous other marks. All other trademarks mentioned in this document are the property of their respective owners. ININ-G Interactive IntelligenceStephen R. Head, +1 317-715-8412Chief Financial Officersteve.head@inin.comorChristine Holley, +1 317-715-8220Senior Director of Market Communicationschristine.holley@inin.comorICR, Inc.Seth Potter, +1 646-277-1230Investor Relationsseth.potter@icrinc.comKEYWORDS:   United States  North America  California  IndianaINDUSTRY KEYWORDS:
27 minutes ago
Recent data collected by Nomura Equity Research suggests that low-end smartphones utilizing Google‘s (NASDAQ:GOOG) Android technology will soon dominate the market, causing non-Android brands like Apple (NASDAQ:AAPL), BlackBerry (N...
Recent data collected by Nomura Equity Research suggests that low-end smartphones utilizing Google‘s (NASDAQ:GOOG) Android technology will soon dominate the market, causing non-Android brands like Apple (NASDAQ:AAPL), BlackBerry (NASDAQ:BBRY), and Nokia (NYSE:NOK) to suffer. The research estimated that smartphone unit sales will rise to 954 million, and cheaper Android phones will be driving the growth, specifically phones priced under $100. Prices on Android phones are expected to continue falling, leaving Apple unable to compete. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! The research institute’s Stuart Jeffrey commented on Apple’s plight. “Apple’s position seems unlikely to improve on new product launches,” he said. “A cheaper iPhone still looks likely to cost $400, which we believe is too expensive to boost Apple’s addressable market.” He went on to say, ”The drivers of our higher growth estimates are ones to which Apple appears to have no exposure, at least not currently.” Jeffrey gave Apple stock a neutral rating, estimating $171.68 billion in revenue and $39.51 per share in profit for Apple this year. While BlackBerry has seen some success in foreign markets, Jeffrey doesn’t believe that will continue in the face of “good enough” Android phones costing under $100 that will soon flood key markets in Asia. Jeffrey also rated BlackBerry’s stock as Neutral. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Nokia was predicted to suffer from falls in feature phone sales as smartphones continue to dominate the market. “With a leading 23 percent feature phone market share and just 2.8 percent smartphone market share, Nokia is most affected by this shift to smartphones. We cut our feature phone revenue forecasts for Nokia by 5 percent for 2013 and 30 percent in 2015, yet see no reason to raise our smartphone estimates in compensation,” Jeffrey said. Overall, he predicted feature phone sales would fall from previous estimates of 977 million units down to 816 million. According to this research, Apple and other non-Android smartphone makers will lose out on the area of the market predicted to show the biggest growth in the coming years. Don’t Miss: These 10 Companies Provide a Huge Medium For Online Advertisers. Read the original article from Wall St. Cheat Sheet
about 1 hour ago
[Photo] SmorgasBar starts serving super sippables, sweets, salads, and such from SmorgasBurg at the South Street Seaport sometime soon. Actually, it already started—the latest Brooklyn Flea offshoot launched at 11 a.m. this morning...
[Photo] SmorgasBar starts serving super sippables, sweets, salads, and such from SmorgasBurg at the South Street Seaport sometime soon. Actually, it already started—the latest Brooklyn Flea offshoot launched at 11 a.m. this morning, taking over the stretch of Front Street between Beekman and Fulton streets with 11 food vendors, a handful of Brooklyn Flea crafts vendors, and two full bars at either end of the block. The vendors are going to change every two weeks, but the first go-round features Asia Dog, Fonda, Pizza Moto, and a whole bunch of others. It's open seven days a week starting at 11 a.m., and going till 10 p.m. Sunday through Thursday, and till 11 p.m. Friday and Saturday. SmorgasBar will be in the Seaport through October. · All Coverage of SmorgasBurg [~ENY~]
about 1 hour ago
Introduction My sentiment for the oilfield services sector is very positive due to favorable long-term trends in this industry. Firstly, I believe that oil prices will remain above $80 in the foreseeable future, which is spurring many co...
Introduction My sentiment for the oilfield services sector is very positive due to favorable long-term trends in this industry. Firstly, I believe that oil prices will remain above $80 in the foreseeable future, which is spurring many companies to step up exploration and drill. The oil and gas producers are also looking to replenish their reserves, and many countries rely on oil prices to meet their budget targets (i.e. Venezuela, Saudi Arabia, Nigeria, Iran). On top of that, several nations (i.e. Mexico, Brazil) struggle to keep up production, which has been on a steady decline during the last years.This makes me believe that there will always be a baseline of drilling activity from North America and Africa, to the Southeast Asia, the Mediterranean, and South America.In this series, I will cover the oilfield companies with a market cap up to $3 billion. I believe that these
about 2 hours ago
Comme Des Garcons takes on the Converse Pro Leather in this audacious collection. The silhouette is seen here as both a high and low cut with those heart logo’s slapped all along the upper. Two black canvas or white leather makes a...
Comme Des Garcons takes on the Converse Pro Leather in this audacious collection. The silhouette is seen here as both a high and low cut with those heart logo’s slapped all along the upper. Two black canvas or white leather makes an appearance across the board while the only time red hearts pop up are on the low cut version. Either way these will be releasing in waves with New York being May 28, Paris and London on June 1 and Asia on June 21. Comme Des Garcons x Converse Pro Leather Collection Source Nike Inc © W. Freeman for KicksOnFire, 2013. | Permalink | No comment | Add to del.icio.us Post tags: Comme des Garcons, Converse, Converse Pro Leather Feed enhanced by Better Feed from Ozh
about 2 hours ago
A block from the Mariposa on-ramp and in the eye-line of 90,000 cars whizzing by on 280 sits an old warehouse that was home to the San Francisco Bay Guardian, a local alt weekly, and Digg. Most of the building is gutted and inside they a...
A block from the Mariposa on-ramp and in the eye-line of 90,000 cars whizzing by on 280 sits an old warehouse that was home to the San Francisco Bay Guardian, a local alt weekly, and Digg. Most of the building is gutted and inside they are working on the “greatest enabler of hardware on the planet,” according PCH International head Liam Casey. It will be the new home of Lime Labs, a hush-hush design consultancy that Casey bought in 2012 for an undisclosed amount and, most important, the U.S. gateway to Asian PCH’s manufacturing might that allows hardware startups to access stem-to-stern services in design, coding, manufacturing, packaging and shipping. Casey, dubbed “Mr. China” in a James Fallows article that outlined the rising importance of Shenzhen as a manufacturing giant, is one of the biggest machers in Asia. A teetotaling Irishman, the inexhaustible Casey ostensibly lives in a hotel in downtown Shenzhen but is nearly always in the air. He and his cross-cultural team make nearly all the accessories you can imagine for multiple vendors. You couldn’t point a finger in a Best Buy without hitting a product PCH builds. He envisions his new building as a gateway to China and a way to help clients – and the public – understand the vagaries of mass manufacturing. The space will contain a public foyer and cafe where visitors can learn about materials, design, and manufacturing. C-Level training will go on in a large anteroom on the first floor with a huge video screen suspended on epoxy-sealed walls. In short, it’s the Apple Store if the focus was all the trouble that went into products before they ever reached the consumer. “We want it to be the most photographed building in San Francisco,” said Andre Yousefi, co-founder of Lime Lab. The company, which started in the doldrums of the recession, consisted of Yousefi and his partner Kurt Dammermann until Casey bought them and expanded the team to 25. They expect to hire 15 more engineers by October and hope to fill 80 seats in their new HQ by 2014. Not bad for a tiny, two-man shop in a run-down district of San Francisco. Yousefi is the buttoned down member of the group, clean shaven more more dedicated to design than manufacturing. Dammermann is the scruffy mechanic who has seen factory floors and is at home with drill presses and band saws. The Lime Lab vision is born of the needs of hardware startups and companies that need a full service consultancy to help their product move from idea to packaged product in a few short months. “What we don’t do is the high volume accessories work,” said Yousefi. “We’re doing more up-front product development, end-to-end.” Using PCH’s retail distribution platform, TNS Distribution in Dublin, Ireland, coupled with the company’s extensive contacts in China’s manufacturing centers, Lime Lab can take a sketch of a product and bring it to fruition at a speed unimaginable for most strategic design houses. Yousefi and Dammermann were former IDEO designers and CAD jockeys who wanted to build their own consultancy. “You come to us with either a napkin sketch or just an idea and we do the detail design and development to flesh it out,” said Dammermann. “One we have the idea fleshed out with the design team, we work with the team in Shenzhen to take it to the finish line.” The team was reticent to mention their clients or current employees although they have hired ex-Apple, Intel, and IDEO engineers and designers who were looking for something more rewarding. They are working on everything from audio products to mini-computers and their current offices, though small, hold CNC machines, 3D printers, and a small testing facility. The new lab on Mississippi Street will contain far more gear as well as a situation room for describing the retail shipping patterns laid out by PCH and the design decisions made for each p
about 2 hours ago
The global automobile industry is expected to grow by 39% by 2017 with the U.S. and China contributing 50% to the aggregate demand. The projected increase in industry sales is around 6.25%, which equals to 85 million units. The demand fo...
The global automobile industry is expected to grow by 39% by 2017 with the U.S. and China contributing 50% to the aggregate demand. The projected increase in industry sales is around 6.25%, which equals to 85 million units. The demand for automobiles is backed by an increase in the world population with the Asian economies playing a pivotal role - it is for this reason that Ford (F) has invested heavily in the region. However, Ford is not the only automobile giant eyeing the opportunity and it faces tough competition from General Motors (GM) and Volkswagen. Annual Performance In 2012, automobile sales for the Asia Pacific and Africa increased by 19% amounting to $10 billion and the operating margin also improved. The market share increased to 2.8% while the revenue share was around 7.4% of total sales. Overall, revenues for Ford showed a slight decrease of 1.47%, mainly due to
about 3 hours ago
Here is an educational approach that intrigues me greatly.The post Unschooling 101 with Jay Shaffstall appeared first on Geeky & Genki.
Here is an educational approach that intrigues me greatly.The post Unschooling 101 with Jay Shaffstall appeared first on Geeky & Genki.
about 3 hours ago