Entries tagged with “Business News”.


The CDC’s report on wireless substitution – aka canceling your land line for a cellphone – is out and we discover that one in five U.S. households have cut the cable, an increase of 2.7 percent over six months ago. Another tidbit: one in every seven American homes (14.5%) took all their calls on cellphones despite having a landline.

The report polled 12,597 families for 23,726 adults total – there were 8,635 kids under the age of 18 – which makes it a fairly strong sample size. A few other tidbits:

Reblog this post [with Zemanta]

Canadian Imperial Bank of Commerce
Image via Wikipedia

But what kind of rally is it?

By David West

The jury is still out on whether the ongoing worldwide surge in equities is the first phase of a sustained recovery on its way to the next bull market, or just a bear rally. In fact, the investment industry (or at least the people I’ve been talking to) is more preoccupied with debating whether the market will soon retest the low it hit in the first week of March 2009, or whether it will fall, but not enough to retest those lows.

That there has been a global rally in equities is without question. Five weeks ago, in the week ended March 13, it all started. During that week, 21 of the world’s 22 most major markets gained ground, with China’s Shanghai Stock Exchange Index being the lone exception.

Four weeks ago, all 22 of said markets gained on the week. Ditto for three weeks ago, and two weeks ago. Last week, 16 of those markets rose, while six fell (we have yet to see about this week). And the six that fell were mostly the lighter-heavyweights, such as Belgium, Denmark and Australia. I don’t have a single Euro, krone or dollar invested there, and probably neither do you. So I’d still call that a continuation of the rally.

As I explained in my most recent column, this could still turn out to be a real bull market rather than just a bear market rally. The problem I’m having so far with declaring it to be so is that it hasn’t proven itself yet. As they say, the devil is in the details.

Take, for example, our own Toronto Stock Exchange. In the past five weeks, its Composite Index has gained 9.38%, 2.44%, 3.70%, 2.77% and 1.34%, for a total gain of 21.02%, good enough for 11th place, or smack in the middle of the 22 most major markets. But what has underpinned that gain?

It certainly hasn’t been the utilities stocks. The TSX’s utility sector has declined every week for the last 10 weeks. Consumer staple stocks haven’t had a weekly gain in eight weeks. Those are two sectors you’d expect to hold up better than the rest near a market bottom, and they’re just not doing it.

What we do know is that two bull markets ago in the late 1990s, the bull pulling the market up was tech stocks, and that the last bull market early in this millennium was led by energy stocks. My thanks to CIBC World Markets for the following data: 73% of the market’s trough-to-peak gain in the former was fuelled by tech stocks, and 43% of the gain in the latter was driven by energy stocks.

And therefore what we probably also know is that the next bull market, be it this rally or a future one, probably won’t be driven by tech stocks or energy stocks, simply because sectors don’t tend to repeat leading consecutive bull markets. Incidentally, the TSX tech sector has posted gains in each of the past three weeks, after dropping for five straight weeks before that. TSX energy stocks are on a four-week winning streak, after dropping for six straight weeks before that.

Metals and mining stocks have been performing the best recently, with a seven-week winning streak. But closer inspection reveals that it’s more the non-household name small caps that have been doing that heavy lifting.

Next up are financial and energy stocks, with four consecutive winning weeks each. Consumer discretionary, real estate and tech stocks have risen for the past three weeks.

As I said, this could be the real thing, but it’s way too early to tell. And there’s a huge risk of another big drop before it materializes. So on balance, you probably want to be very selective right now about your buying. In the meantime, I’ll keep watch for you.

Reblog this post [with Zemanta]

Business website hosting is a specific quality of hosting service dedicated to the needs of business.  But it does not differ from web hosting in general, which is the service that makes your website available on the Internet.   As such business web hosting is specialized towards the marketing of your business online and the hosting of your online business.

With the Internet connecting nearly every household and office worldwide, business website hosting services are a strategic part of every businesses operations.   Today, more than ever,  Businesses need to get online not only to have an eCommerce website,  where people can buy your goods and services, but also to promote your business and help generate and qualify leads.   While many of us have used an online shopping cart and payment processing system, this is not the only purpose for a business website.  Commonly referred to as eCommerce website hosting this is only one aspect to Business website hosting not the least of which is promotion of your company or organisation.  Furthermore business website hosting provides you a way to give your clients, customers and partners more detailed information about your products and services.

High Availability HostingThink of it as 24/7 sales team, a round the clock marketing campaign and a always on customer support center.    For pennies a day your can extend your business hours, deepen your customer relationships and challenge even your largest competitors.

There are many web hosting companies that provide facilities for  business website hosting.  Apart from hosting the websites, these companies also provide the services of website planning, designing and deployment along with SEO and/or marketing services.  With BCwebnet Business website hosting you pay a fixed amount of money per month to host your website and inform clients and partners about your business or the service that you provide.  So what this means is even businesses of modest budgets can get quality service at a reasonable price.

BCwebnet offers two business web hosting services that differ only in their delivery platforms; that is the type of servers and more specifically how those servers are configured.   We offer a traditional shared hosting service for budget conscious businesses and a high availability hosting service for those business who really rely on this online presence.   While larger organizations have dedicated servers at their disposal for hosting their websites, such expenses are not generally feasible for small businesses and non-profit organisations.  However, BCwebnet was started on the foundation that responsible hosting means providing the best service possible for the budget of  the client.  We are in the business of hosting websites and make every cost effective effort to ensure websites are delivered within our uptime guarantees.

Our highly available hosting solutions are a further testament to that commitment.   But not every consumer can afford a high availability hosting service.  However, for those that can they get the piece of mind that their website is hosted on a platform designed specifically to provide 99.9% uptime (three 9s), which allows for about 45 minutes per month of unscheduled interruption.  Most of our services achieve well over 99.9% uptime but for High Availability Business Hosting plan we provide a 100% guarantee on this commitment.

Business website hosting has the capability of giving your business a big boost.  The right choice is a sound hosting platform on which everything else depends.   So give your company or organisation the advantage its deserves and get online today with us.

To get more information about our affordable business website hosting plans please visit: http://www.bcwebnet.com/

save

Reblog this post [with Zemanta]

TOKYO - JUNE 26:  (L to R) Kazuo Hirai, Presid...
Image by Getty Images via Daylife

Sony warned it would post a record $2.9 billion annual operating loss due to sliding demand and a stronger yen, and unveiled fresh restructuring steps to revive its ailing electronics operations. The operating loss will be Sony’s first in 14 years, underscoring deepening troubles for a company that has fallen behind Apple’s iPod in portable music and Nintendo in videogames, and is losing money on flat TVs.

“Sony needs further restructuring, not just cost-cutting but a revamping of its business operations,” said Naoki Fujiwara, a fund manager at Shinkin Asset Management.

Sony said it now expects an operating loss of 260 billion yen for the year to March, down from an earlier projection for a 200 billion yen profit and far worse than earlier media estimates of a loss of 100 billion yen.

The maker of Bravia LCD TVs and PlayStation game consoles said it would respond by accelerating restructuring, more than doubling a cost-cutting target for the year to March 2010 to 250 billion yen.

Sony said it would end TV production and design operations at one plant in Japan and consolidate those operations into another factory in the country. It plans to cut headcount by 30 percent in operations related to TV design worldwide.

Other measures include consolidation of resources for batteries and small and medium-sized liquid crystal display (LCD) panels, and pay cuts for directors and managers.

It expects restructuring charges to total 170 billion through the year to March 2010.

Last month Sony outlined a restructuring plan that included curbing investment, closing five to six plants and cutting a total of 16,000 regular and contract jobs globally to save 100 billion yen a year in costs.

But Sony’s management, led by chief executive Howard Stringer, faced criticism from analysts and investors who said more drastic measures were needed to streamline a sprawling empire that includes semiconductors, movies and insurance.

“Sony has to consider ways to lower fixed costs not only for its TV business but for the whole company. It will have to start cutting development costs in addition to production costs,” said Nomura Securities senior analyst Eiichi Katayama.

Sony attributed 340 billion of the 460 billion swing in its operating forecast to its core electronics division, as the slowing global economy depresses demand for its digital cameras, video recorders and flat TVs.

But it has also been hurt by the slide in the Japanese stock market, which sliced into the value of securities held by its financial unit. Slower sales in its game and movie divisions have also hit its results.

Illustrating the problems Sony faces, Japanese exports plunged 35 percent in December from a year earlier, with electronics sales to China and other parts of Asia among the worst affected as Western orders to Asian assembly plants dry up. The yen rallied nearly 20 percent against the dollar last year and hit a 13-year high of 87.10 on Wednesday.

Sony is not the only electronics maker suffering.

Rival Samsung Electronics this month reorganized itself into two major groups in response to the global downturn, while Panasonic has also cut its outlook and stepped up restructuring measures. Sony’s shares closed down 2.6 percent at 1,938 yen ahead of the revision, underperforming a 1.9 percent rise in the benchmark Nikkei average.

Story Copyright © 2009 Reuters Limited. All rights reserved.

Reblog this post [with Zemanta]

Leading experts offer incisive commentary and analysis on myriad issues that have altered the world’s financial landscape. From the possible end of Chimerica to what fiscal stimulus in Budget 2009 might look like, these six deliver answers on the most pressing questions.

By Peter Bethlenfalvy, Dawn Desjardins, Niall Ferguson, Dale Orr, Shaun Osborne, and David Wolf

Historian Niall Ferguson ruminates provocatively on one possible consequence of the financial disaster — the decoupling of China and America, and the former’s rise to No. 1 economy sooner than anticipated. Concerning Canada’s biggest trading partner, TD Securities’ chief currency strategist Shaun Osborne says an increase in debt supply is the biggest risk and the U.S. dollar remains overvalued. This year should bring the dollar down and closer to reality.

Here at home, RBC assistant chief economist Dawn Desjardins traces the rise, fall and rise (however modest in 2009) of the Canadian economy. Managing director of IHS Global Insight, Dale Orr, lays out his strategy for fiscal stimulus and cautions against letting any plan run too long. DBRS‘ Peter Bethlenfalvy says that while lenders won’t entirely shut out consumers looking for credit, it’s going to be a particularly unpleasant year for small to medium-sized business. Finally, David Wolf, head of Canadian economics and chief strategist at Merrill Lynch Canada, talks bailouts. Move aggressively to rescue the financial system with public dollars, he argues, because the cost of doing otherwise is even greater.

Reblog this post [with Zemanta]