Profit + Prison = EXACTLY THIS

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Profit + Prison = EXACTLY THIS

Profit + Prison = EXACTLY THIS

At Alternate Viewpoint, the privacy of our visitors is of extreme importance to us (See this article to learn more about Privacy Policies.). This privacy policy document outlines the types of personal information is received and collected by Alternate Viewpoint and how it is used.

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Profit + Prison = EXACTLY THIS

Upbeat Buffett eyes big acquisitions after record Berkshire profit

NEW YORK (Reuters) – Warren Buffett on Saturday signaled he plans to make more large acquisitions for Berkshire Hathaway Inc to expand his conglomerate, which posted a record profit in 2013 with the help of a recovering U.S. economy.

Reuters: Top News

Upbeat Buffett eyes big acquisitions after record Berkshire profit

VIDEO: Target Profit Drops on Data-Breach Fallout

Target’s fourth-quarter profit was nearly halved, cut down by a weak holiday season and a massive data breach that spooked customers. But the stock is up today on the news. Spencer Jakab joins MoneyBeat. Photo: Getty Images.

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VIDEO: Target Profit Drops on Data-Breach Fallout

VIDEO: Target Profit Drops on Data-Breach Fallout

Target’s fourth-quarter profit was nearly halved, cut down by a weak holiday season and a massive data breach that spooked customers. But the stock is up today on the news. Spencer Jakab joins MoneyBeat. Photo: Getty Images.

Thanks for checking us out. Please take a look at the rest of our videos and articles.

To stay in the loop, bookmark our homepage.

VIDEO: Target Profit Drops on Data-Breach Fallout

UPDATE 1-UniCredit profit falls 40 pct in "challenging" quarter

UPDATE 1-UniCredit profit falls 40 pct in "challenging" quarter
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/11/06576__p-89EKCgBk8MZdE.gif

Mon Nov 11, 2013 12:45pm EST

(Adds details from statement)

* Q3 net bang in line with bank-provided consensus

* Q3 loan loss provisions at 1.6 billion euros

* Basel III-compliant capital ratio 9.83 percent

MILAN, Nov 11 (Reuters) – Net profit at UniCredit, Italy’s No.1 bank by assets, fell 40 percent in the third quarter to 204 million euros ($ 274 million), buoyed by the sale of insurance operations in Turkey.

Revenues fell 8.5 percent and fees also dropped in what CEO Federico Ghizzoni said in a statement was a “particularly challenging third quarter, not only due to seasonality”.

The net profit, which compared with 335 million euros in the same quarter last year, was bang in line with an analyst consensus of 203 million euros, posted on the bank’s website.

UniCredit said in a statement it had made a net capital gain of 181 million euros from the sale of Turkish insurance business Yapi Kredi.

The bank said that sale and “a very strong” contribution from its central and eastern European businesses had helped results, while its Italian commercial banking operations had posted a loss of 165 million euros in the quarter.

Highlighting the challenges it faces in its recession-hit home country, UniCredit said that out of 1.6 billion euros of loan loss provisions booked in the three months to September, 1.1 billion euros were in Italy.

However, Ghizzoni reiterated the bank had started to see “some initial encouraging signs of recovery” in the euro zone’s third biggest economy.

Despite the weak operating trends, UniCredit – the first top Italian lender to publish third-quarter results this week – managed to strengthen its capital base.

Its Basel III-compliant capital ratio stood at 9.83 percent from 9.72 percent at the end of June. (Reporting by Silvia Aloisi; Editing by Louise Ireland and Stephen Jewkes)

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Reuters: Financial Services and Real Estate

Read more about UPDATE 1-UniCredit profit falls 40 pct in "challenging" quarter and other interesting subjects concerning Real Estate at TheDailyNewsReport.com

UPDATE 1-NII Holdings warns on profit as subscriber losses mount

UPDATE 1-NII Holdings warns on profit as subscriber losses mount
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/10/5115a__p-89EKCgBk8MZdE.gif

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Thu Oct 31, 2013 11:17am EDT





* Third-quarter earnings $ 1.74/share vs est. $ 1.17




* Revenue $ 1.10 bln vs est. $ 1.23 bln




* Shares drop 21 pct to a more than 10-year low (Adds details from conference call, updates share movement)




Oct 31 (Reuters) – NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would miss its full-year profit forecast, mainly due to subscriber losses in Mexico and higher investments in its 4G network.




The company’s shares fell as much as 21 percent to a more than 10-year low at open on Thursday.




NII said its new network in Mexico was unable to handle the migration of customers from Sprint Corp’s iDEN network, causing outages and service problems. This led to higher customer defections and lower average subscriber revenue, NII Chief Executive Steve Shindler said on a conference call.




“We expect more subscriber losses in the fourth quarter,” he said.




NII, which operates the Nextel brand under a license from Sprint, was forced to shift customers to its own network after Sprint shut the iDEN network in June.




The iDEN network is used mostly by business customers.




NII said it expected full-year adjusted operating income before depreciation and amortization to come in at least $ 200 million below its prior forecast of $ 600 million to $ 650 million.




The company, which targets business customers in Mexico, Brazil, Argentina and Chile, also said it was modifying its compensation plans to slash costs and was cutting sales jobs.




NII reported net subscriber losses of 178,400 during the third quarter ended Sept. 30. The losses were much bigger than the 32,000 estimated by Wells Fargo analyst Jennifer Fritzsche. Macquarie Capital’s Kevin Smithen was looking for additions of 3,000.




NII’s quarterly results were also hit by higher investments in its next-generation networks, lower average revenue per subscriber and customer migration costs in Mexico.




The company’s net loss widened to $ 299.9 million, or $ 1.74 per share, from $ 82.4 million, or 48 cents per share, a year earlier.




Operating revenue dropped 22 percent to $ 1.10 billion.




Analysts on average had expected a loss of $ 1.17 per share on revenue of $ 1.23 billion, according to Thomson Reuters I/B/E/S.




The company’s shares were down 17 percent at $ 3.96 on the Nasdaq after touching a low of $ 3.80 earlier. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila and Kirti Pandey)





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Reuters: Financial Services and Real Estate

Read more about UPDATE 1-NII Holdings warns on profit as subscriber losses mount and other interesting subjects concerning Real Estate at TheDailyNewsReport.com

How Monsanto Is Planning To Profit From Climate Change

Not everyone is either worried or skeptical regarding man-made global warming. Mother Jones on how Monsanto is eagerly banking on it:

Data to help farmers grow crops in a changing climate. Climate Corporation, which Monsanto is acquiring, sells detailed weather and soil information to “help…manage and adapt to climate change.” Monsanto thinks the ag data business will be a $ 20-billion market.

Insurance for when it’s too hot, cold, dry, wet, or otherwise extreme outside. Climate Corporation currently sells both federally subsidized crop insurance and supplemental plans.

Drought-resistant corn. Monsanto lists the effects of climate change-related precipitation changes and droughts as a potential “opportunity.” This year, Monsanto started rolling out a new line of patented, first-of-its-kind genetically engineered corn seeds that are resistant to drought.

Cotton that needs less water to grow. The company is piloting genetically modified cotton that that can grow while using less water and survive drought.

The post How Monsanto Is Planning To Profit From Climate Change appeared first on disinformation.

disinformation

How Monsanto Is Planning To Profit From Climate Change

Standard Chartered profit sags after $1 billion hit on Korean business

A man walking past a foot bridge leading to the Standard Chartered main branch is reflected on a window glass in Hong Kong March 5, 2013.

Credit: Reuters/Bobby Yip

Reuters: Business News

Standard Chartered profit sags after $1 billion hit on Korean business

Honda first-quarter profit lower than expected, cautious on emerging markets

Visitors look at a Honda Motor Co’s car displayed outside the company showroom in Tokyo April 26, 2013.

Credit: Reuters/Yuya Shino

By Yoko Kubota

TOKYO | Wed Jul 31, 2013 4:11am EDT

TOKYO (Reuters) – Honda Motor Co (7267.T) announced a lower than expected 5.1 percent rise in quarterly operating profit after sales in Japan dropped following the end of subsidies and as it lagged behind rivals in selling profitable SUVs and pickups in the U.S.

Japan’s third-biggest automaker saw strong April-June sales in Asia, including its fourth biggest market Thailand, but Executive Vice President Tetsuo Iwamura sounded a note of caution about unexpected swings in emerging markets.

Honda posted an operating profit of 185.0 billion yen ($ 1.9 billion) for its April-June first quarter, compared with 176.01 billion yen a year earlier.

The result was below the average estimate of 209.3 billion yen in a Thomson Reuters I/B/E/S poll of four analysts.

For its fiscal year ending in March 2014, Honda stuck to its forecast for 780 billion yen, lower than 840.0 billion yen, the mean of estimates by 21 analysts.

Honda, the fifth biggest carmaker in the United States, sold 745,578 vehicles there in the first half of the year, up 6 percent from the same period a year ago, helped by strong sales of the popular Accord sedan.

The United States is Honda’s biggest market, accounting for about 40 percent of Honda’s global vehicle sales. Its market share shrunk 0.1 percentage point during the same period to 9.5 percent.

“Pickups and SUVs are growing in the U.S. market, helping the Detroit-based carmakers… Our light-truck supply was relatively low, but we are introducing a new model,” Iwamura told reporters, referring to the MDX, a SUV by Honda’s luxury brand Acura.

Shares in Honda have soared nearly 60 percent since mid-November, when expectations were growing that Shinzo Abe would take over as prime minister to implement his bold economic policies and help weaken the yen.

CAUTIOUS ON EMERGING MARKETS

Sales in Japan, Honda’s second biggest market, dropped by 24 percent in the first quarter to 140,000 vehicles after government subsidies for green cars ended late last year.

Honda, which has set an aggressive goal to expand global annual sales to 6 million vehicles by March 2017 from the current 4 million, is facing expansion costs as it is building multiple new plants or expanding capacity at existing factories.

Its capital expenditure spending in the first quarter jumped 78.6 percent year-on-year to 171 billion yen.

Honda’s new Yorii plant in Japan has started to operate earlier this month, while its new plant in Mexico is set to start operations in 2014. It is also planning new plants or expansions in multiple countries including Thailand and China.

“At times we see various big unexpected moves in emerging markets so we are cautious. But automobile and motorbike demand will certainly grow there so we will continue to build foundations for success,” Iwamura said.

Honda saw Thai April-June sales jump nearly 30 percent from a year ago to around 59,000 vehicles as it still has some 100,000 orders from before end-2012 when the government still offered subsidies for first-time car buyers.

While sales in Southeast Asia’s biggest car market have been dropping in the recent months and Honda expects some cancellations of the existing orders, Iwamura said the company aims to retain demand by introducing new models.

Japan’s biggest automaker Toyota Motor Corp (7203.T) is set to release its April-June earnings results on Friday. Last week, Japan’s second biggest carmaker Nissan Motor Co (7201.T) booked 108.1 billion yen in quarterly operating profit, up 23 percent from a year ago.

(Editing by Jeremy Laurence)

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Reuters: Business News

Honda first-quarter profit lower than expected, cautious on emerging markets

BP reports $2 bln profit in Q2, below forecasts

LONDON (AP) — UK oil company BP reported a net profit of $ 2 billion for the second quarter, up from a loss of $ 1.5 billion in the same period of last year but missing analyst expectations.

BP made more provisions for the 2010 oil spill in the Gulf of Mexico, increasing the total by about $ 200 million to $ 42.4 billion. The explosion on the Deepwater Horizon platform killed 11 workers and released millions of gallons of oil into the gulf, wreaking economic and environmental damage across several southern states.

Keith Bowman, equity analyst at Hargreaves Lansdown Stockbrokers, says BP is trying “to look forward but remaining firmly anchored to the past.”

He says BP remains hostage to “oil price, government appetite for tax revenues and the strength of the broader global economy.”

Associated Press

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Business Headlines

BP reports $2 bln profit in Q2, below forecasts

The nonprofits that profit politicians

Florida Gov. Rick Scott is premier example, having funded an anti-Affordable Care Act group.

Here’s a riddle: What do you call a group that raises and spends money to produce television ads and mail advertisements raising the profile of an individual politician ahead of a likely campaign?

In 2013, you might call it a nonprofit.

Continue Reading

Amid the spring uproar over the Internal Revenue Service targeting conservative nonprofit groups for extra scrutiny, the political world has largely overlooked a fresh innovation in the world of outside spending: nonprofits organized around broad issues of public interest that actually function to advance the ambitions of a single potential candidate.

A pair of 2014 Senate contenders have led the way: In North Carolina, House Speaker Thom Tillis has benefited from the activities of a group called the North Carolina House Legislative Partners, a 501(c)(4) set up this year to bolster the issue agenda of Republicans in the state Legislature.

In practice, that has meant running TV ads statewide featuring Tillis talking about the great things state Republicans are working to accomplish. Tillis formally announced a challenge to Democratic Sen. Kay Hagan last week, months after those nonprofit ads began running.

In Iowa, meanwhile, wealthy former energy executive Mark Jacobs has set up an education-focused nonprofit dubbed Reaching Higher Iowa. The group launched early this year and registered as a nonprofit entity with the Iowa secretary of state’s office, according to Jacobs. Last month, it mailed out a lengthy brochure about RHI’s education agenda that also featured three photos of Jacobs and a bio describing him as a “complex problem-solver” with a “long track record of leadership in civic and social issues.”

Jacobs is also actively exploring a campaign for the Republican nomination for Iowa’s open Senate seat and has spent weeks introducing himself to GOP leaders and showing up at local party events.

The potential candidates and their advisers play down the extent to which these nonprofits are explicitly intended to lay the groundwork for Senate races: Jacobs points out that he founded RHI before Democratic Sen. Tom Harkin announced his retirement and created an open-seat race. Tillis advisers say the legislative nonprofit is more than a vehicle for the speaker, and that other Republicans will take over its leadership now that he’s running for Senate.

At the same time, Republicans involved in both efforts don’t deny there’s some political advantage to the outside-group activities.

“Is there some benefit because, you know, I’ve been engaged directly in this and more people know me in the state than would have known me six months ago? Sure, I’m sure that’s the case,” Jacobs said. “But I’ve been doing what I’ve been doing on education, in terms of trying to raise public awareness on it, because I think that’s an important component of tackling the problem.”

Tillis adviser Paul Shumaker makes a similar argument about the Tarheel outfit. Tillis was the public face of the group because he was speaker at the time it was formed, but there’s every expectation that others will use the group as a tool for public communications going forward — and that state legislative caucuses in other states will do the same. Several sitting governors have benefited from the spending of nonprofit groups set up to support their agendas, such as the pro-Andrew Cuomo Committee to Save New York, in the Empire State, and the Chris Christie-boosting Committee for our Children’s Future in New Jersey.

“Anybody in the House leadership or in the Senate leadership moving forward on the policy side, needs to have an arm that they can go out and communicate with,” Shumaker said. “It is very much a tool that people are seeing governors use. You see the president using it. You’re going to see legislative leaders using it now.”

POLITICO – TOP Stories

The nonprofits that profit politicians

The nonprofits that profit politicians

Florida Gov. Rick Scott is premier example, having funded an anti-Affordable Care Act group.

Here’s a riddle: What do you call a group that raises and spends money to produce television ads and mail advertisements raising the profile of an individual politician ahead of a likely campaign?

In 2013, you might call it a nonprofit.

Continue Reading

Amid the spring uproar over the Internal Revenue Service targeting conservative nonprofit groups for extra scrutiny, the political world has largely overlooked a fresh innovation in the world of outside spending: nonprofits organized around broad issues of public interest that actually function to advance the ambitions of a single potential candidate.

A pair of 2014 Senate contenders have led the way: In North Carolina, House Speaker Thom Tillis has benefited from the activities of a group called the North Carolina House Legislative Partners, a 501(c)(4) set up this year to bolster the issue agenda of Republicans in the state Legislature.

In practice, that has meant running TV ads statewide featuring Tillis talking about the great things state Republicans are working to accomplish. Tillis formally announced a challenge to Democratic Sen. Kay Hagan last week, months after those nonprofit ads began running.

In Iowa, meanwhile, wealthy former energy executive Mark Jacobs has set up an education-focused nonprofit dubbed Reaching Higher Iowa. The group launched early this year and registered as a nonprofit entity with the Iowa secretary of state’s office, according to Jacobs. Last month, it mailed out a lengthy brochure about RHI’s education agenda that also featured three photos of Jacobs and a bio describing him as a “complex problem-solver” with a “long track record of leadership in civic and social issues.”

Jacobs is also actively exploring a campaign for the Republican nomination for Iowa’s open Senate seat and has spent weeks introducing himself to GOP leaders and showing up at local party events.

The potential candidates and their advisers play down the extent to which these nonprofits are explicitly intended to lay the groundwork for Senate races: Jacobs points out that he founded RHI before Democratic Sen. Tom Harkin announced his retirement and created an open-seat race. Tillis advisers say the legislative nonprofit is more than a vehicle for the speaker, and that other Republicans will take over its leadership now that he’s running for Senate.

At the same time, Republicans involved in both efforts don’t deny there’s some political advantage to the outside-group activities.

“Is there some benefit because, you know, I’ve been engaged directly in this and more people know me in the state than would have known me six months ago? Sure, I’m sure that’s the case,” Jacobs said. “But I’ve been doing what I’ve been doing on education, in terms of trying to raise public awareness on it, because I think that’s an important component of tackling the problem.”

Tillis adviser Paul Shumaker makes a similar argument about the Tarheel outfit. Tillis was the public face of the group because he was speaker at the time it was formed, but there’s every expectation that others will use the group as a tool for public communications going forward — and that state legislative caucuses in other states will do the same. Several sitting governors have benefited from the spending of nonprofit groups set up to support their agendas, such as the pro-Andrew Cuomo Committee to Save New York, in the Empire State, and the Chris Christie-boosting Committee for our Children’s Future in New Jersey.

“Anybody in the House leadership or in the Senate leadership moving forward on the policy side, needs to have an arm that they can go out and communicate with,” Shumaker said. “It is very much a tool that people are seeing governors use. You see the president using it. You’re going to see legislative leaders using it now.”

POLITICO – TOP Stories

The nonprofits that profit politicians

Berkshire profit rises 51 percent, shares at record high

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• UPDATE 2-POSCO posts tepid profit recovery; weak auto demand weighs
  

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Berkshire Hathaway CEO Warren Buffett attends the Allen & Co Media Conference in Sun Valley, Idaho July 12, 2012.


Credit: Reuters/Jim Urquhart








OMAHA, Nebraska | Fri May 3, 2013 5:17pm EDT





OMAHA, Nebraska (Reuters) – Warren Buffett’s company Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said first-quarter profit rose nearly 51 percent, helped by improved results in insurance and gains from its investments and derivative contracts.




Net income increased to $ 4.89 billion, or $ 2,977 per Class A share, from $ 3.25 billion, or $ 1,966 per share, a year earlier.




Quarterly operating profit rose 42 percent to $ 3.78 billion, or $ 2,302 per share, from $ 2.67 billion, or $ 1,615 per share.




(Reporting by Jonathan Stempel in Omaha, Nebraska; Editing by Bob Burgdorfer)





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Reuters: Business News

Berkshire profit rises 51 percent, shares at record high