Latin America

On May 22, Bloomberg News reported a story saying that Nokia Siemens Networks, a joint venture between Nokia (NOK) and Siemens (SI) was in the process of another round of restructuring in order to work more efficiently and develop better...
On May 22, Bloomberg News reported a story saying that Nokia Siemens Networks, a joint venture between Nokia (NOK) and Siemens (SI) was in the process of another round of restructuring in order to work more efficiently and develop better relationships with the customers. According to the story, Nokia will be laying off some managers, closing down some functions and simplifying its structure overall.The changes will particularly take place in Latin America and Europe where Nokia Siemens Networks faces stiff competition from Ericsson in addition to Chinese companies that are offering similar services for much cheaper prices.Rene Svendsen-Tune, head of Nokia Siemens's customer operations in Europe and Latin America, sent a memo to employees saying that the new plan would be implemented starting July 1 and this plan would allow Nokia Siemens Networks to become more agile, simpler and have improved relationships with customers. Furthermore, the company
about 5 hours ago
by Annette Prüss-Ustün, Jennyfer Wolf, Tim Driscoll, Louisa Degenhardt, Maria Neira, Jesus Maria Garcia Calleja Introduction Female sex workers (FSWs) are at high risk of HIV infection. Our objective was to determine the proportion of H...
by Annette Prüss-Ustün, Jennyfer Wolf, Tim Driscoll, Louisa Degenhardt, Maria Neira, Jesus Maria Garcia Calleja Introduction Female sex workers (FSWs) are at high risk of HIV infection. Our objective was to determine the proportion of HIV prevalence in the general female adult population that is attributable to the occupational exposure of female sex work, due to unprotected sexual intercourse. Methods Population attributable fractions of HIV prevalence due to female sex work were estimated for 2011. A systematic search was conducted to retrieve required input data from available sources. Data gaps of HIV prevalence in FSWs for 2011 were filled using multilevel modeling and multivariate linear regression. The fraction of HIV attributable to female sex work was estimated as the excess HIV burden in FSWs deducting the HIV burden in FSWs due to injecting drug use. Results An estimated fifteen percent of HIV in the general female adult population is attributable to (unsafe) female sex work. The region with the highest attributable fraction is Sub Saharan Africa, but the burden is also substantial for the Caribbean, Latin America and South and Southeast Asia. We estimate 106,000 deaths from HIV are a result of female sex work globally, 98,000 of which occur in Sub-Saharan Africa. If HIV prevalence in other population groups originating from sexual contact with FSWs had been considered, the overall attributable burden would probably be much larger. Discussion Female sex work is an important contributor to HIV transmission and the global HIV burden. Effective HIV prevention measures exist and have been successfully targeted at key populations in many settings. These must be scaled up. Conclusion FSWs suffer from high HIV burden and are a crucial core population for HIV transmission. Surveillance, prevention and treatment of HIV in FSWs should benefit both this often neglected vulnerable group and the general population.
about 5 hours ago
Newzoo's 2013 Global Games Market Report predicts that game revenues will grow to $70.4 billion worldwide this year, representing a 6 percent year-on-year increase for the global video games industry. The firm also predicts that the ...
Newzoo's 2013 Global Games Market Report predicts that game revenues will grow to $70.4 billion worldwide this year, representing a 6 percent year-on-year increase for the global video games industry. The firm also predicts that the number of gamers is expected to grow beyond 1.2 billion by the end of the year. Regional growth in game spending will be the highest in Latin America and the Asia-Pacific region at 11 percent. North America and Europe will show very modest growth in 2013.read more
about 5 hours ago
Sad day for baseball and the Blue Jays. Former scout Epy Guerrero has passed. Guerrero, of course, recruited a number of the franchise's greatest players. In scouting circles he was nothing short of a legend. In fact, it is hard to f...
Sad day for baseball and the Blue Jays. Former scout Epy Guerrero has passed. Guerrero, of course, recruited a number of the franchise's greatest players. In scouting circles he was nothing short of a legend. In fact, it is hard to find a scout that rivaled his eye for talent and ability to get kids to sign on the dotted line. His work in Latin America paved the way for many to play in the Big Leagues and the strong reputation the Jays still hold in Latin America is largely his responsibility. Sad day indeed. Epy will be missed.
about 6 hours ago
Disappointing results and downbeat guidance have led to sharp downward estimates revisions, sending this wire and cable products company to a Zacks Rank #5 (Strong Sell). About the Company Headquartered in Highland Heights, Kentucky...
Disappointing results and downbeat guidance have led to sharp downward estimates revisions, sending this wire and cable products company to a Zacks Rank #5 (Strong Sell). About the Company Headquartered in Highland Heights, Kentucky, General Cable develops, designs, manufactures, markets and distributes copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets around the world. Disappointing Results and Guidance The company has disappointed its investors with negative earnings surprises in each of the last four quarters. Last quarter’s results were hurt mainly by foreign currency transaction losses and a higher-than-expected effective tax rate. Weakness in Europe and Latin America operations also impacted the performance. While condition in Europe and Mediterranean region remained challenging, continued political and economic uncertainly hurt operations in Venezuela. However, results in the company’s North America business were stable despite the impact of declining metal prices Debt increased sharply from
about 7 hours ago
Filed under: Europe, Government/Legal, Saab, Earnings/Financials Former Saab Chairman Victor Muller may be called in for questioning as part of an official inquiry into suspected tax evasion by three of the automaker's former executives...
Filed under: Europe, Government/Legal, Saab, Earnings/Financials Former Saab Chairman Victor Muller may be called in for questioning as part of an official inquiry into suspected tax evasion by three of the automaker's former executives. A prosecutor has officially named former CEO Jan-Ake Jonsson and two other executives in the investigation, and official court documents say that Muller will be called in by the Financial Crimes Unit. According to Reuters, prosecutors are currently looking into allegations that the executives worked to dodge taxes between 2010 and 2011, when the automaker finally went into bankruptcy. The Truth About Cars reports the investigation may center around the $540,000 paid as consulting fees to Latin America Tug Holding NV, a company Muller owns. It's possible that the Swedish authorities believe the Saab executives were using the tug boat company as a tax haven, and that the automaker should have paid taxes and social security contributions on the money. Muller has not been charged. Meanwhile, Muller is defending his earnings in a new interview with Automotive News. Having come under fire for his $773,000 salary at Saab, the Spyker CEO said his pay was commensurate with an executive running a company with 4,000 employees.Former Saab chairman Muller faces summons in tax inquiry originally appeared on Autoblog on Thu, 23 May 2013 14:14:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
about 8 hours ago
Bank of America Corporation (NYSE:BAC): Current price $13.25 On Thursday, Bank of America Merrill Lynch announced that it has introduced Cuenta Controlada, or Controlled Account, services in Mexico for transactions involving Mexican peso...
Bank of America Corporation (NYSE:BAC): Current price $13.25 On Thursday, Bank of America Merrill Lynch announced that it has introduced Cuenta Controlada, or Controlled Account, services in Mexico for transactions involving Mexican pesos and United States dollars. Juan Pablo Cuevas, chief of Global Transaction Services for Latin America and the Caribbean, said that Cuenta Controlada regulates the exchange of cash among multiple parties, based on agreed-upon contractual provisions as specified by a client, with BofA Merrill Lynch acts as an independent third party to receive, hold and subsequently disburse the funds. 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! Exxon Mobil Corporation (NYSE:XOM): Current price $91.79 The Nigerian National Petroleum Corporation and an Exxon Mobil subsidiary say that they intend to access the bond market by 2016 so as to plug a funding deficit in their oil exploration joint venture. Exxon and the state-owned corporation operate a joint venture with a capacity in excess of 550,000 barrels per day of crude oil, condensate and gas liquids. 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!  JPMorgan Chase & Co. (NYSE:JPM): Current price $53.31 The Wall Street bank said it has named Barry Sommers as chief executive of its consumer bank, which includes its wealth management division. Visa (NYSE:V) had earlier said that JPMorgan’s current consumer banking chief, Ryan McInerney, had been chosen as its president. McInerney replaces President John Partridge of Visa, whose term ended on March 31. In a regulatory filing, Visa said that McInerney will receive an annual salary of $750,000. 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! Don’t Miss: Will Central Bank Stimulus Keep Manufacturing Alive? Read the original article from Wall St. Cheat Sheet
about 8 hours ago
Who could be more unapologetically punk than the one and only Vivienne Westwood? In light of this month’s Met Gala and the opening of Punk: Chaos to Couture, the U.K. clothier is digging into her archives for some vintage wears. We...
Who could be more unapologetically punk than the one and only Vivienne Westwood? In light of this month’s Met Gala and the opening of Punk: Chaos to Couture, the U.K. clothier is digging into her archives for some vintage wears. Westwood released a new Chaos collection that includes punk tees and accessories with designs she first crafted in the 1970s. [Vivienne Westwood] The Parsons pair now known as Proenza Schouler took a trip down memory lane as the 2013 honorees for their alma mater’s Fashion Benefit. Jack McCollough and Lazaro Hernandez joined Hudson’s Bay Company president Bonnie Brooks as the event’s trio of the hour, which awarded 2013 graduates with top design honors and raised scholarship money for prospective students. McCoullough chatted with ELLE about how the benefit changed his own life as a New School student. “It was actually at this event, 11 years ago, that started our career. We met Peter Arnold, who was the director of the CFDA at the time. He introduced us to Barneys, who bought our senior year collection,” McCoullough said. “It can be a powerful event for a lot of the students here, today. Who knows what could come out of it?” [ELLE] Tumblr boasts a $1.1 billion price tag and the authorities at Yahoo have tucked away just enough to buy it out. The internet company bought the David Karp creation earlier this week, leaving fans of the blogging phenomenon wary of ad takeover. According to Karp and Yahoo CEO Marissa Mayer, though, the acquisition will be virtually invisible to the Tumblr audience. “Our team isn’t changing. Our roadmap isn’t changing,” said Karp, who insists that the site will still operate independently. Mayer offered even more reassurance on her own Tumblr page, writing “We promise not to screw it up.” As long as we’ve got gifs galore and can reblog our favorite fashion ads with little interference, we’re game. [CNN] What’s it like to drip in the same Bulgari jewels once worn by Elizabeth Taylor? Award-winning actress Jessica Chastain knows. “It was so thrilling to wear it, but I was overwhelmed too. It was a little scary,” the Zero Dark Thirty star said about wearing Taylor’s sapphire and diamond necklace to the Cannes screening of Cleopatra. “I was the first person to wear it since Elizabeth. I felt as if I was able to spend the day with her today by wearing the necklace.” [People Style Watch] Ralph Lauren Corp.’s signature style isn’t exclusive to the Hamptons or New York’s Madison Avenue. The equestrian favorite is rolling out worldwide. “Our relentless focus on innovation and our commitment to superior craftsmanship continued to build our global customer base,” said namesake CEO Ralph Lauren. “We have an exciting next few years ahead of us, especially as we grow our global store network and e-commerce platforms to showcase the full scope of our brand portfolio and lifestyle sensibilities.” Up ahead is the brand’s expansion in Latin America and Asia. [WWD] Vera Wang is embarking on a trip back home as the 2013 commencement speaker at Sarah Lawrence College. Wang, who earned a degree in art history from the school, told WWD that diversity and openness to change will be key points in her address. “Everyone is different, whether that be different ethnicities, upbringings, education or anything else. Without diversity, the world is very judgmental and very limiting,” Wang said. “Different people bring different things to each situation. These have really been the tenets of the school from day one.” [WWD] The gap between magazine must-haves and brick-and-mortar finds has been bridged thanks to Magnetique. The mobile app captures coveted items from your glossy of choice, lists the brand name and price, then directs users to the closest store that has the merchandise in stock. After debuting this month, Magnetique has been fully integrated with InStyle and Glamour, and app developers project it will be a
about 8 hours ago
[René Redzepi photo: Bonjwing Lee. All other photos: Amy McKeever/Eater.com] On the final day of Mesamérica 2013 (see coverage of day one and day two, the line-up was stacked with some pretty serious heavy-hitters, includi...
[René Redzepi photo: Bonjwing Lee. All other photos: Amy McKeever/Eater.com] On the final day of Mesamérica 2013 (see coverage of day one and day two, the line-up was stacked with some pretty serious heavy-hitters, including Alex Atala (D.O.M.), Jordi Roca (El Celler de Can Roca) and René Redzepi (Noma, duh). Every single one of these guys was at once thought-provoking and entertaining, whether screening videos of chickens launched into space or inviting a group of guys wearing lucha libre masks onstage during a cooking demo. But beyond those headliners, there was also a serious discussion about the rise of Latin American gastronomy. Mexican chefs such as Antonio de Livier, Aquiles Chavez and Diego Hernandez-Baquedano took the lead in the discussion alongside Peru's Virgilio Martinez and a panel of journalists and bloggers from across the region. And, given the number of young people in the audience wearing chef coats, many of the day's talks were full of advice for the rising generation of cooks. Here now, day three: The Rise of Latin America Chef Virgilio Martinez (Central, Lima) shared his explorations of Peru's impressive biodiversity, from foraging trips in the Andes to visits to the Amazon buffer area. From the latter, he said, he and his team take products like berries and mushrooms, wild herbs and cacao to bring back to the restaurant. Martinez then demo'd a few dishes, including one using ingredients from the Amazon buffer area. One such ingredient was some pulverized coca leaf, which he noted was pretty hard to bring to Mexico City given how customs usually frowns on the leaf from which cocaine is made. (And, yes, he passed some out to the audience.) Martinez also talked about his kitchen's slogan: "There's more outside." The time when there was nothing but the kitchen is over, he said, and cooks now have to bring the outside in — which they are doing through the work of the Mater Iniciativa. Virgilio Martinez and his coca leaf. [Photo: Amy McKeever/Eater.com] Easily one of the most energetic presentations of the day was that of Guadalajara chef Antonio de Livier, whose ardor for the traditional Mexican meat stew birria was clear. As he prepared a version with pork belly, clams, and shrimp, de Livier worked the audience, demanding applause for things he likes such as: his mentor, his hometown Mexicali, and Enrique Olvera's restaurant Pujol. He also got the audience members yelling out where they were from — all over Latin America, it turns out — but he was surprised at the muted reaction when he asked where the New Yorkers were. De Livier also told the crowd that he believes cooks are the providers of joy, and he invited the many culinary students in the audience to become experts in broth and Mexican cuisine, "the art of Mexico." A panel of journalists and bloggers from across Latin America — Mexico, Argentina, Brazil, Venezuela, and Peru — gathered together for a conversation about gastronomy in their own countries and for the region. They discussed the need to take advantage of the focus there is on Latin America at the moment in the food world, in particular countries that have lagged behind in culinary development such as Uruguay and Paraguay. The Peruvian journalist pointed out, though, that it can be difficult to talk about gastronomy in countries where people are starving. He urged chefs to keep that ecosystem under consideration. Mexican celebrity chef Aquiles Chavez (who also opened La Fisheria in Houston, Texas, last year) talked about his path toward working both in the kitchen and on television. With a speech titled, "Television isn't what they say it is," Chavez said that you can't study to be a chef, you have to earn it. And he argued that all the chefs on TV are people who own restaurants and cook for a living. "TV is just another platform, another facet of being a chef," he said. But, he advised the culinary students, it's not like a TV
about 9 hours ago
Latina pop sensation and entrepreneur Jennifer Lopez is trying to do something her ex-boyfriend P. Diddy couldn't -- launch a successful Mobile Virtual Network Operator (MVNO). She is teaming with Verizon Wireless on a new 4G LTE network...
Latina pop sensation and entrepreneur Jennifer Lopez is trying to do something her ex-boyfriend P. Diddy couldn't -- launch a successful Mobile Virtual Network Operator (MVNO). She is teaming with Verizon Wireless on a new 4G LTE network and wireless service dubbed Viva Movil by Jennifer Lopez. Verizon and Lopez announced the new venture at the CTIA Wireless Conference in Las Vegas on Wednesday afternoon. Lopez built the brand in partnership with Brightstar Corp. and Moorehead Communications. The retail stores aren't targeting Latin America. Stores will open in U.S areas with high Latino populations, though, like Miami, New York and Los Angeles, in the weeks ahead. J.Lo will begin with a strong lineup, including the iPhone 5, Samsung Galaxy S IV and BlackBerry devices. Retail stores -- and a Facebook app featuring the star -- will be bilingual. "As modern Latinos we do things differently, including how we shop for mobile devices," Lopez said in a CTIA press conference announcing the partnership. "Latinos love social networks and we're super active online." No Rock-Star Guarantees Roger Entner, a wireless analyst at Recon Analytics, told us succeeding with an MVNO is a tough business proposition. "Even being a rock star doesn't ensure certain success. But she has picked good business partners in Verizon and Brightstar and in Moorehead Communications -- and she put money behind it," Entner said, noting Lopez's equity stake in the project. "She won't be able to change the pricing structure." That means whether consumers go to a Verizon store or a Viva Movil store, success comes down to service. Whether or not consumers will flock to J.Lo's stores simply because she's "Jenny from the 'hood," Entner said, remains to be seen. Will J.Lo's Risk Pay Off? Many companies have launched MVNOs. Most have failed. Some have succeeded. Entner points to Tracphone, the leading prepaid...
about 10 hours ago