Archive for May, 2008
{ May 15, 2008 @ 12:33 am }
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{ Business, Industrial Mechanical, Internet Business, Microsoft, Social Networking, Strategic Planning }
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Winder, Georgia – Michael Paulley, a serious entrepreneur, has gone form being a former roofing contractor to making money with an internet business that offers signature products and unparalleled support. Paulley started his roofing business from scratch over 20 years ago and has built it up to a well established company within the region. Paulley states, “I had to overcome many obstacles, but I knew what I wanted and did what it took to achieve my goals”.
Paulley achieved an admirable reputation in the construction business. He was known for going the extra mile to meet the needs of his customers. Although his business was very successful, Paulley states, “It was becoming more difficult to find dependable employees, who would also show the initiative I was looking for. It was at this time that I began researching the possibilities of making money with an internet business”.
Michael enjoyed the financial success and the time freedom of owning his own business. So, naturally he was searching for the same in an internet business. After proper due diligence, Paulley made the decision to team up with Wealth Masters International (WMI), one of the fastest growing internet companies online. Paulley recalls, “I was inmobiliaria impressed with the integrity of the company’s founders, Kip Herriage and Karl Bessey, and the generous compensation plan Wealth Masters International has to offer”. Wealth Masters International was founded in 2005 and offers one of the best compensation plans in the direct sales industry. This adds to the attractiveness for someone who is looking to make money with an internet business.
According to Paulley, “I have found what I have been searching for: signature products people really need and want, a generous compensation plan, leadership with integrity, and like minded entrepreneurs”. Discovering a way to make money with an internet business can be challenging. Paulley, however, has found a company that has taken him from roofing to the internet.
{ May 4, 2008 @ 9:51 pm }
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{ Blackberry, Chevron, goal, hurdles }
{ Tags: Analysts, cartel, face, goal, hurdles, rice, Thailand, Will }
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Thailand, the world’s biggest rice exporter, wants to form a rice cartel with four other Southeast Asian countries — Laos, Burma, Cambodia, and Vietnam — to acquire more influence over international rice prices, according to media reports Friday.
In the same way that the Organization for Petroleum Exporting Countries (OPEC) sets oil prices, members of the proposed rice cartel would cooperate on prices, thereby wielding their influence.
“Firstly and most importantly, this is not the right time to suggest a cartel,” said Arpitha Bykere, an analyst at RGE Monitor
“With the food prices going so high, the World Bank and the United Nations have suggested it’s becoming such a big crisis,” Bykere said. “The international organizations will oppose this [a rice cartel].”
World Bank President Robert Zoellick has warned that high food prices are threatening recent hard-won gains in overcoming global poverty and malnutrition. The United Nations World Food Program has said that high food prices are creating “a silent tsunami” threatening to plunge more than 100 million people on every continent into hunger. … continue reading this entry.
{ May 4, 2008 @ 9:48 pm }
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{ Berkshire, Chevron, Internet Business, losses }
{ Tags: bank, Buffett, but, expects, losses, more, no, panic, sees }
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OMAHA, Nebraska (Reuters) – Warren Buffett on Sunday said he does not expect financial markets to panic as write-downs and losses for bad debts mount in the financial services industry, but said those losses were not over “by a long shot.”
The world’s richest person, who runs Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research), said at a press conference the Federal Reserve brought markets back from a precipice in March in helping broker JPMorgan Chase & Co’s (JPM.N: Quote, Profile, Research) purchase of Bear Stearns Cos (BSC.N: Quote, Profile, Research), which was on the brink of bankruptcy.
“There’s going to be more pain, sure,” Buffett said. “The action of the Fed, in terms of Bear Stearns, prevented in my opinion the contagion where you’re essentially going to have bank runs on the investment banks … The idea of a financial panic … has been pretty well taken care of. That was a watershed event.”
He added, though: “That doesn’t mean the losses are over by a long shot … We’ve looked at some of the investment banks, and it’s clear some more losses are going to be incurred.” … continue reading this entry.
{ May 4, 2008 @ 9:46 pm }
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{ Berkshire, Munger }
{ Tags: Berkshire, for, Munger, president }
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OMAHA, Neb. (MarketWatch) — Charlie Munger, vice chairman of Berkshire Hathaway, may have political aspirations, judging by the latest version of the movie produced by the company at every annual shareholder meeting.
In a cartoon, Munger, Chairman Warren Buffett and Microsoft Corp. Chairman Bill Gates decide Munger should run for president of the U.S., creating a new party called the National Independence Party.
Buffett will be secretary of commerce, head of the Treasury and the Federal Reserve. Gates will be Secretary of Commerce.
The Geico Gecko will be secretary of the environment and Mary See, founder of See’s Candies, will be secretary of health.
The national debt — at $9 trillion — is a major concern for the candidate.
“This country needs a leader who knows how to make money rather than spend it,” Munger said in the cartoon.
Other policies: Everyone will be encouraged to get fat during old age. Global warming will be reduced as everyone eats one Dairy Queen Blizzard a day. Baseball bats will be used for national security.
Other issues? … continue reading this entry.
{ May 4, 2008 @ 9:44 pm }
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{ Fundraising, McCain, Yahoo }
{ Tags: After, Deal, Dies, Its, Move, Next, Weighs, Yahoo }
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SAN FRANCISCO — How low will Yahoo’s stock go on Monday? And how long will it stay there?
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Related
DealBook: MicroHoo: The End of the Beginning (May 4, 2008)
Microsoft Withdraws Bid for Yahoo (May 4, 2008)
Times Topics: Microsoft-Yahoo DealThese questions are high in the minds of Yahoo shareholders, and probably its management, as the company considers its options after Microsoft’s decision to withdraw its offer to buy Yahoo for $33 a share, or approximately $47.5 billion.
Much will depend on Yahoo’s next moves, which could include a partnership with its chief competitor, Google.
People close to Yahoo said that the chief executive, Jerry Yang, and his team, who told Microsoft they would not sell for less than $37 a share, greeted Microsoft’s decision as a victory. High-fives were exchanged Saturday afternoon when they learned Microsoft was backing down.
Yet some Yahoo shareholders, large and small, have indicated that they favored a deal at around $34 to $35 a share. Even those who were holding out for a higher price said a merger with Microsoft made strategic sense.
“I don’t believe that Jerry Yang as a founder, as someone who is emotionally attached to the company, was really looking out for my interest as a shareholder,” said Darren Chervitz, co-manager of the Jacob Internet Fund, which owns about 150,000 shares of Yahoo. “I don’t think anything Yahoo puts out there is going to be comparable with what Microsoft was offering.” … continue reading this entry.
{ May 2, 2008 @ 10:49 pm }
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{ Chevron, prices }
{ Tags: Chevron, Gas, higher, net, prices, rises }
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NEW YORK (MarketWatch) — Rounding out an impressive set of results from the major oil producers, Chevron Corp. on Friday said first-quarter net income climbed 10% as revenue jumped on higher prices for crude oil, natural gas and refined products.
The San Ramon, Calif. integrated oil and gas giant said earnings for the three months ended March 31 increased to $5.17 billion, or $2.48 a share, from $4.72 billion, or $2.18 a share in the year-ago period, which included a one-time $700 million gain.
Revenue rose to $65 billion from $46 billion, as the company’s oil and gas production business grew, even as its refining and marketing results were essentially break-even for the period.
Wall Street analysts expected Chevron (CVX:chevron corp new com
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Last: 95.32+0.38+0.40%
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CVX 95.32, +0.38, +0.4%) to earn $2.39 a share, according to a survey by FactSet.
“Upstream earnings benefited from a significant increase in the price of crude oil from a year ago,” said Chairman and CEO Dave O’Reilly. “However, market conditions prevented our downstream business from fully recovering these higher costs through the price of gasoline and other refined products.”
Shares of Chevron, which rejoined the Dow Jones Industrial Average ($DJ:Dow Jones Industrial Average
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Last: 13,058.20+48.20+0.37% … continue reading this entry.
{ May 2, 2008 @ 10:47 pm }
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{ Amazon, Careers Employment, Customer Service, Tax, York }
{ Tags: Amazon, for, Law, New, Sues, Tax, York }
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Web retailer Amazon.com Inc. sued New York state and its taxation department to contest the constitutionality of a new state law requiring out-of-state Internet retailers to collect New York state taxes.
The law, which went into effect April 23, requires that out-of-state Web retailers to collect sales taxes from customers in the state if the retailers have New York-based representatives soliciting business on their behalf. The state considers Amazon and other retailers to be subject to this law because they have “affiliate” marketing arrangements. An “affiliate” is someone who advertises Amazon on his Web site and receives sales commissions after a Web site visitor makes a purchase on Amazon.
In its complaint filed April 25 in New York’s Supreme Court, Amazon alleges the law violates several aspects of the U.S. Constitution in its “impermissibly vague and overbroad” nature of requiring Amazon, which has no physical presence or employees based in New York, to collect sales taxes. … continue reading this entry.
{ May 2, 2008 @ 10:46 pm }
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{ Clinton, Fundraising, McCain, Panned }
{ Tags: Break, Clinton, Economists, Gas, McCain, Panned, Push, Tax, Update }
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May 2 (Bloomberg) — Hillary Clinton and John McCain are both pushing a “gas-tax holiday” to give consumers an 18.4- cent-a-gallon price break. Clinton says the plan will take excess profits from oil companies. McCain says it will help families buy school supplies.
Economists have a different take: They say the oil companies may end up the biggest beneficiaries, while the aid to families wouldn’t be enough to buy a $35 backpack.
The trouble with the plan, they say, is that oil prices are rising because of low supplies, and companies will continue to charge the average $3.60 a gallon and just pocket the money that would have gone to federal taxes.
“That’s $10 billion, and it’s going into the pockets of oil refiners,” said Leonard Burman of the Tax Policy Center in Washington. “The last time I checked, they didn’t need it.”
Supplies are “being cleared at the current price,” said Donald Parsons, an economics professor at George Washington University in Washington. “If you take away the tax, you’ll have the same number of consumers willing to buy the gas at the same total price.”
Senator Clinton, 60, a New York Democrat, embraced the proposal that McCain, 71, an Arizona Republican, floated in a speech on April 15. McCain’s idea originated not with his economic advisers but with Republican pollster Bill McInturff.
“I don’t know any prominent economist who favors this McCain-Clinton proposal,” Greg Mankiw, former chairman of President George W. Bush’s Council of Economic Advisers and author of a bestselling economics text, said on his blog. … continue reading this entry.
{ May 2, 2008 @ 10:39 pm }
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{ Blackberry, Industrial Mechanical, Internet Business, Over, iPhone }
{ Tags: Battle, Be, Blackberry, Fought, iPhone, Keyboards, Over, Will }
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While Apple may be planning to use its iPhone for a major assault on Research in Motion’s corporate fortress, the maker of the BlackBerry appears to be preparing to turn the tables on Apple.
RIM (NSDQ: RIMM) has been seeking engineers steeped in Apple technology to mount a counter attack of its own.
More Personal Tech InsightsWhite PapersWhy Virtual Worlds Can Matter Introducing DLP 3-D TV Security Evaluation of Apple’s iPhone In spite of all the well-deserved hoopla about the iPhone, RIM still has an impregnable position in enterprise and corporate markets — its tactile QWERTY keyboard is way more accurate than Apple’s glass keyboard and corporate types are less tolerant of e-mail errors than rank and file consumers.
On the other hand, RIM, which has been advertising for experienced Apple technology experts, may be able to replicate the Apple touch screen — other handset makers have similar handset touch screens — easier than Apple can come up with an accurate enough keyboard to satisfy corporate users.
According to Appleinsider Web site, an internal job listing at RIM reads: “As part of a newly-created team, you’ll influence the development and design of BlackBerry software.” The listing goes on to cite a range of requirements running from experience with Mac development, JavaScript, XML, and Mac Sync services. … continue reading this entry.
{ May 2, 2008 @ 10:30 pm }
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{ Entrepreneurialism, Internet Business, Rating }
{ Tags: By, Countrywide, Cut, Junk, Poor, Rating, Standard }
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May 2 (Bloomberg) — Countrywide Financial Corp.’s credit rating was unexpectedly cut to junk by Standard & Poor’s Corp., which cited doubt about whether Bank of America Corp. will back the home lender’s debt after a pending takeover is completed.
The revision reflects “the new level of uncertainty as to the ultimate legal status of Countrywide’s creditors” after the lender’s sale to Bank of America, Standard & Poor’s said in a statement today. Prices on some of Countrywide’s $97.2 billion in debt tumbled and instruments that protect investors from default posted their biggest jump in almost four months.
S&P made the cut just two days after saying it might raise Countrywide’s ratings. The reversal squelched expectations among bond owners that their holdings would become more secure after Bank of America buys Countrywide, and renewed doubts among analysts about whether the $4 billion stock-swap will be completed at all.
“There’s no way that bondholders come out of this with anything but a severe haircut,” said Christopher Whalen, managing director at Institutional Risk Analytics, a banking research firm in Torrance, California. Bank of America may be trying to compensate for the anticipated cost of lawsuits tied to Countrywide mortgages that have gone sour, he said.
Raising Doubt
Bank of America, the second-largest U.S. bank by assets, agreed in January to buy Countrywide, the largest U.S. mortgage lender. The bank, based in Charlotte, North Carolina, rose 1 percent to $39.79 at 4:15 p.m. in New York Stock Exchange composite trading. Countrywide, based in Calabasas, California, dropped 1.1 percent to $5.98. … continue reading this entry.
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