Posts for category ‘Reuters’

Quarterly Report
Exxon Mobile Corp announced their forth quarter report some days ago. There were 33 percent declined of net income as the cheap oil crude. But before we see the data, we have to know that before oil crude price running low, last year when oil price run up over $100 per barrel Exxon had booked great net income.
Exxon booked $7.8 billion compared $11.7 billion in the same period a year earlier. I predict oil crude is till cheap (below $60 per barrel) so, Exxon and others Companies will book normal income and it takes time for oil price to run high due the crisis.
Job Cut
To partner with economic crisis, Morgan Stanley and Goldman Sachs decide to cut their employees (Reuters said). Morgan Stanley is predicted to cut 5 percent from total staff while Sachs is higher around 10 percent. It indicates, United States will accept unemployment again and becomes big case for new president Mr. Obama. Additional information, Morgan Stanley has been housed 7000 employees last year and this is the second plan to house staff. Crisis pushes them to cut any operating costs.
NEC Electronic Japan also decides to cut their worldwide job around 20.000 people. This is a big plan for NEC as decision to exit liquid-display-electronic related business.

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Today, Reuters sends me quarterly report news from major industries in America and Worldwide. Here are some conclusions for you. For further information, you can visit Reuters to read full information.
Those quarterly reported from worldwide companies showed that global crisis attacked all business.

General Electric Company Quarterly report
Bad economic environment impacted General motor to book good result in balance sheet. Forth quarter is worst but there are hopes. 44 percent profit loss in forth quarter. Profit was $3.72 billion if we compare with last earlier report, General Electric booked $6.7 billion. Declining on profit rose as lowering revenue. General Electric revenue downed to $46.21 or 4.8 percent compared than previous revenue. In New York Stock Exchange, GE share closed at $12.77 or 5.3 percent declining from $13.48

Samsung Quarterly Report
Oversupply and low demand on electronic goods are two factors causing poor financial report especially on Chips and LCD Screen. Analysts predicted that in first report on this year will worse due the reasons for Samsung Chips and LCD, slower economic recovery and lower purchasing power are the reasons.

Profit declined is significant and they predicted the trend will show worse in first report on this year. Although sales rose 5.5 percent to 18.45 trillion won but high operating loss makes it nothing because due the crisis there were massive prices for chips and LCD.
Overall in range October – December Samsung booked $682 billion of operating loss due the ravaging chips and LCD prices.
According to Reuters, Samsung’s October-December net loss was 22.2 billion won, compared with profits of 2.21 trillion won a year ago and 1.22 trillion won in the previous quarter.

Xerox Corp Quarterly Report
Based on lower sales and high restructuring cost, Xerox revenue downed 10 percent to $4.37 billion, post sale revenue also fell to $3.1 billion or 8 percent, equipment sale revenue fell 15 percent to $1.3 billion. Massive fallen on sales revenue is caused by weakness economic condition. Xerox as leading producer and supplier of digital printer, document management services, services and supplier for printing machine booked $1 million net income in forth quarter.

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Uncle Sam President, Mr. Bush had cancelled his arrangement because of AIG and the owner Eli Broad and Steven Udvar-Hazy out from the FORBES list Richest People and Panic Attacked are spread around the world especially in America. That is the highlight news and hot news we heard in recently. Lehman also becomes the topic as well as the AIG. Federal states decide to loan around 80 million USD to help the AIG from bankrupt.

FED intervention helps Major stocks in Wall Street rose significantly and Indonesian ISHG also got the positive impact this day.

Oil price, once more go to unpredictable, run upper $100 per barrel for October shipping but declined and rose again. We see the unpredictable oil price disturb the Net Importer from Third Countries. We cannot predict that oil price will lower than 100 USD per barrel, Indonesian Official said.

Dollar goes back to his habit after won against major currencies to make Japanese Bank of Japan enter to markets. Rupiah also declined 9600 IDR per USD last weekend closing time and today closing around 9475 IDR per USD.

FORBES launched top 400 richest people. Microsoft founder Bill Gates back again to the top with 57 million USD; and the second is Buffet with 50 million USD. The fantastic goes to 4^th to 6^th positions that belong to Wall Mart Families. AIG owner Eli Board and Steven Udvar-Hazy kick out from list because of million lost after AIG stock declined very significantly. Forbes uses the minimum wealth standard is 1.3 million USD, so only rich people who have upper than 1.3 million USD will be listed.

America-Pakistan conflict rose after American Alliance attacked Taliban in Pakistan territorial and the outspoken said that Bush decide to meet Pakistan President to calm down the conflict.

Tzipi Livni will put new record after Golda Meir James Hider 30 years ago if she wins the election to be first men in Kadima when Olmert resign from the party. Conflict between Iran-Israel rose after Iran President statement denied the holocaust on Jew in the past and denied Israel as the country.

Putin stated that Russian Military in Georgia is best move to reduce the constellation and claimed the Western Opinion that Putin decide to plan Soviet in future.

Those are hottest news that I have read from popular online magazine such as FORBES, LA Times, Reuters and Indonesian Online Newspaper KOMPAS.   

Welcome to the Reuters Before the Bell news mail.

Wachovia has apparently dashed any hope that today’s batch of earnings releases can help Wall Street forget yesterday’s disappointing outlooks from Apple, Texas Instruments and American Express.

Instead, Wachovia’s news of a big loss, job cuts and a much lower dividend has underscored those pervasive worries about the financial sector, and stock futures are pointing down.

Strong results from Caterpillar are failing to disperse the bad vibes.

The dollar is mired near record lows against the euro, while U.S. Treasuries are higher.

Treasury Secretary Henry Paulson is speaking on markets and the economy, while Philly Fed President Charles Plosser will discuss the economic outlook.

On the data front, look for housing figures and the Richmond Fed’s manufacturing and services indexes.

Oil prices are holding steady. Tropical Storm Dolly doesn’t look like much of a threat to U.S. production, and experts say it’s too early to say whether last week’s record slide is over.

There might be more news about Roche’s offer to buy the remaining stake of Genentech, since the two companies are meeting today.

Meanwhile, Brocade has sewn up a deal to buy data equipment maker Foundry Networks for about $3 billion.

Until tomorrow,

Lisa Von Ahn
News Mail Editor

Welcome to the Reuters Before the Bell news mail.

The government’s plans to stabilize Fannie Mae and Freddie Mac could only temporarily distract Wall Street from its longstanding jitters about the financial sector. Stock futures are pointing down as investors fret over IndyMac’s collapse last week and worry about the future of other banks.

With that sort of backdrop, the appearances of Fed chief Ben Bernanke, Treasury Secretary Henry Paulson and SEC Chairman Christopher Cox before the Senate Banking Committee should be interesting, to say the least.

The dollar has hit a record low against the euro and is down against an index of major currencies. Gold and U.S. Treasuries, on the other hand, are doing pretty well as some of the favored destinations in the flight to safety. Read more »

Part Three Online Services Business and Entertainment and Devices Division

The Online Services Business (OSB) provides personal communications services, such as e-mail and instant messaging and online information offerings, such as Live Search and MSN portals and channels worldwide. OSB also provides a range of online services, such as MSN Internet Access, MSN Premium Web Services and OneCare. OSB manages many of its own properties, including home page, health, auto and shopping. In addition, OSB creates alliances with third parties, such as CareerBuilder.com, Expedia.com, Foxsports.com, Match.com, and MSNBC.com. OSB generates revenue primarily from online advertising, subscriptions and transactions of online paid services, as well as MSN narrowband Internet access subscriptions.

During fiscal 2007, the Company launched new online initiatives, including Windows Live Search and Live.com in 54 international markets, Live Local Search in the United States and United Kingdom, beta versions of MSN Soapbox (expansion of the MSN Video experience), Virtual Earth 3D, Windows Live Hotmail and others. The Company’s products in OSB segment includes MSN Search, MapPoint, MSN Internet Access, MSN Premium Web Services (consisting of MSN Internet Software Subscription, MSN Hotmail Plus, MSN Bill Pay, and MSN Radio Plus), Windows Live, and MSN Mobile Services.

In this segment, the Company competes with AOL, Google, Yahoo! and Earthlink.

Microsoft Business Division Read more »