Tag Archives: Last September

Iraq cannot stop Iran arms transfer to Syria: FM

Iraq lacks the means to stop Iranian arms deliveries to Syria through its airspace, if there are any, Iraqi Foreign Minister Hoshyar Zebari said in comments published on Saturday.

“Last September we started to inspect Iranian and Syrian planes at random. We have found non-lethal materials, like equipment, medicine and food,” Zebari said in an interview published by the Asharq al-Awsat newspaper.

“In all honesty, those planes might be carrying other stuff, but we have neither the deterrent means, nor the air defences and fighter jets to prevent… arms shipments,” he told the pan-Arab daily.

Zebari said he had urged Western governments to take action themselves if they were convinced that Iran was smuggling weapons to its Syrian ally.

“I told the West: If you want to stop Iran’s air bridge to Syria over Iraq, go ahead.”

Zebari said Western governments were convinced such an air bridge existed and that his response was: “This does not have my consent, and I do not have the means to prevent it.”

He said the Shiite-led government in Baghdad had urged Tehran “not to use relations with (Iraq) to send arms to others.”

“We reject and condemn the shipping of arms through our airspace, and we will tell the Iranian side of that officially, but we cannot stop it,” Zebari said.

The conflict in Syria has become increasingly sectarian as it has entered its third year, with the mainly Sunni rebels receiving support from the Gulf Arab monarchies, and the Damascus regime getting backing from Shiite Iran.

Zebari, himself a Sunni Kurd, said last month that he could not deny that Iraqi Shiites were fighting in Syria alongside the forces of President Bashar al-Assad, whose Alawite sect is an offshoot of Shiite Islam.

But he stressed that their involvement in the conflict “does not come under government policy.”

…read more

Source: FULL ARTICLE at Fox World News

SlideShark broadcasts slideshows from your phone or tablet to the Web

For anyone who gives presentations on the go, an app like SlideShark can be a tremendous asset. With it you can pack PowerPoint slide decks into your iPad, then plug the latter into a TV or projector for easy, laptop-free slideshows.

Last September, SlideShark made its way to the iPhone. And this week, the app learned an even more impressive new trick: broadcasting.

SlideShark Broadcasting works just like it sounds, sharing your presentations over the Web to everyone you invite to view them. Attendees don’t need the app or any kind of SlideShark account; they can join your presentation via the Web, a tablet, a phone, or pretty much any Internet-connected device.

This is as practical as it is cool. Suppose you’re pitching a product or service to a handful of execs, but the marketing manager can’t make it because he’s stuck in the back of a taxi in midtown traffic.

To read this article in full or to leave a comment, please click here

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Source: FULL ARTICLE at PCWorld

Q&A: Europe's freezing Easter and global warming

Is it Easter or Christmas? Many Europeans would be forgiven for being confused by winter’s icy grip on lands that should be thawing in springtime temperatures by now.

Britain is on track for the coldest March since 1962, according to national weather service the Met Office, which also says daily low temperatures in London are going to remain below freezing through the Easter holiday. The mean temperature in Britain from March 1-26 was 2.5 C (36.5 F) — three degrees below the long-term average.

In Berlin, Good Friday saw a new round of snowfall and temperatures just above freezing. The city’s popular lakeside beach opened for the season as planned, though it wasn’t exactly beach weather. Some visitors built a snowman and few ventured into the freezing water.

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What’s going on?

As always when you talk about weather, natural variability is a big factor. But an increasing body of research suggests that cold spells like the one that has lingered in northern and central Europe for much of March could become more common as a result of global warming melting the Arctic ice cap.

Q: Why is it so cold in much of Europe right now?

A: Normally, European winters are kept relatively mild by wet, westerly winds from the Atlantic. But in March, the wind has been blowing mostly from the northeast, bringing freezing Arctic air down over much of Europe.

Q: So why are the winds coming from the northeast?

A: The winds are driven by atmospheric circulation patterns which in turn are affected by differences in air pressure between northern and southern latitudes. For much of March this circulation has been in a negative state, meaning the pressure difference is small. That weakens the westerly Atlantic winds and paves the way for cold air to sweep down over Europe from the Arctic and Siberia.

Q: What does that have to do with Arctic sea ice?

A: Global warming is melting the ice cap over the Arctic Ocean. Last September, it reached its lowest extent on record. Climate models show that the loss of sea ice — which acts as a …read more
Source: FULL ARTICLE at Fox World News

CAPS' Weekly Top Stock Idea

By Dan Dzombak, The Motley Fool

Filed under:

Each week I cull a top stock idea from the pitches made on CAPS, the Motley Fool‘s 180,000-member free investing community. Want your idea considered for this series? Make a compelling pitch on CAPS with a minimum length of 400 words. Want to follow the weekly picks? Follow me on Facebook or Twitter.

Company

Coach

Star Rating

****

Industry

Consumer goods

Market Cap

$13.93 billion

Sources: S&P Capital IQ, Yahoo! Finance, and Motley Fool CAPS.

Coach investors have had a rough year, with the stock down almost 35% in the past year and down 10.5% year to date after the company missed earnings expectations in January. The company is attempting to reinvent itself as a “lifestyle” brand as it strives to compete with fast-growing competitors Michael Kors , Ralph Lauren , and Tory Burch, which benefit from their famous founding fashion designers. The stock is down as investors are nervous over the company’s transition which will include a new CEO next year. Some investors think the drop is an opportunity, including CAPS All-Star NovaTodd. Last September, NovaTodd picked the stock to outperform the market over the next five years, and just last week, NovaTodd made a pitch for Coach.

Coach Outperform Pick

Pitch Submitted By:

NovaTodd

Member Rating:

84.80

Submitted On:

March 20, 2013

Stock Price at Original Outperform Recommendation:

$53.33

Sources: S&P Capital IQ, Yahoo! Finance, and Motley Fool CAPS.

This Week’s Pitch:
I bought yesterday at $48.00. I consider this a bargain for a company with such an outstanding track record of efficiency and profitability. ROIC has been consistently north of 40% over the past several years, and checked in at 56% last year; sales per square foot is close to $2,000 and ranks among the very best in the retail sector. Coach has a rock-solid balance sheet with a strong cash position and minimal long-term obligations; in fact, FCF generated last year alone adds up to about 80% of total liabilities on the balance sheet.

The valuation looks good right now: Price/Cash Flow is about 11.5, which is below the industry average of 16 and the company’s own five year average of 15. The shares yield 2.4%, and the current dividend payout is only about 35% of free cash flow. Realistically, the shares could yield north of 4% in five years using the current price and applying a fairly conservative growth estimate to the dividend. The share count has also been in decline over the past few years.

I’m no fashion aficionado, but I think Coach has built a durable brand that will continue to command a premium price for the next several years.

Another fresh idea
The retail space is in the midst of the biggest paradigm shift since mail order took off at the turn of last century. Only those most forward-looking and …read more
Source: FULL ARTICLE at DailyFinance

Wells Fargo Lends Businesswomen a Hand

By Amanda Alix, The Motley Fool

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The hullabaloo inspired by Facebook COO Sheryl Sandberg’s new book, Lean In, has put the subject of how women achieve success in business front and center. Obviously, Sandberg speaks from experience. However, all the positivity and persistence in the world won’t help women get ahead — particularly those heading female-owned businesses — if financing is too difficult to secure.

There are some banks, however, that have lending and networking programs aimed specifically at women-owned businesses in an effort to help them succeed. One of these banks is Wells Fargo , which recently announced its stepped-up commitment to these entrepreneurs by increasing its lending target to $55 billion by the year 2020.

Original pledge: $1 billion
When Wells first created the plan in 1995, it promised to lend $1 billion to women business owners over a three-year span. The program really took off, and Wells kept increasing its commitment, raising the target to $10 billion in 1996, then upping the ante to $15 billion in 2002. Since the plan’s inception, the bank has lent over $38 billion to women-owned businesses.

Wells is also supportive of groups that cater to the needs of women entrepreneurs, such as the National Association of Women Business Owners. Last September, Wells awarded a $30,000 grant to California-based Women’s Economic Ventures, an educational non-profit to which the bank has been donating for 15 years.

Other, less-big banks also offer support
Although Wells‘ program has the widest scope, other banks have stepped up to the plate, as well. PNC Financial has a PNC-Certified Women’s Business Advocates program, which entails mentoring and networking services. The bank currently has 900 specially trained bankers nationwide that work with women who own their own small businesses. PNC estimates that it loans approximately $1 billion annually to women business owners, noting that the bank surpassed that amount last year.

Cleveland, Ohio-based KeyCorp has lent over $6 billion to women entrepreneurs since 2005 through its Key4Women program. Like PNC, the bank also makes networking and educational opportunities available to its clients, and its reach extends into 14 states. The Key4Women program holds seminars and workshops all over the country several times each month.

With the reputations of many banks still suffering from the upheaval caused by the financial crisis, it’s refreshing to see some institutions reaching out to the community with little fanfare, just as a normal part of doing business. For those of you who consider the softer side of banking in your investing decisions, these programs are another reason to give these particular banks a good look.

Wells Fargo‘s dedication to solid, conservative banking helped it vastly outperform its peers during the financial meltdown. Today, Wells is the same great bank as ever, but with its stock trading at a premium to the rest of the industry, is there still room to buy, or is it time to cash in your gains? To help figure out whether Wells Fargo is a buy today, I invite you to …read more
Source: FULL ARTICLE at DailyFinance

An American Pope? Cardinal Dolan may charm his way to Vatican

By Greg Wilson

Cardinal Timothy Dolan is quick with a quip and, more often than not, he is the target of his own sense of humor — a trait that will continue to serve him well if he is to become the first American pope.

While archbishop of Milwaukee a decade ago, Dolan once wore the Green Bay Packers‘ trademark “cheesehead” hat during a homily. Last September, he shared a stage at Fordham University with Comedy Central’s Stephen Colbert for a moderated discussion of humor and faith and more than held his own in generating laughs. And when named a cardinal last year, Dolan joked to a reporter at New York‘s fabled St. Patrick’s Cathedral that he’d pondered holding the title as a little boy growing up in Missouri.

“When I was 6 years old, I wanted to be Stan Musial!” Dolan replied, referring to the late baseball Hall of Famer.

In a more serious moment, Dolan, who grew up the eldest of five and the son of a McDonnell Douglas engineer and a homemaker, acknowledged that as a boy he would pretend to celebrate Mass.

“I can never remember a time I didn’t want to be a priest,” he said.

The self-deprecation of the New York archbishop has been known to soften a sharp intellect, staunch conservatism and formidable fundraising skills, traits that would appear to have him on the short list to succeed Pope Benedict XVI, who retired on Feb. 28. As head of the second-biggest U.S. archdiocese with 2.5 million Catholics, Dolan also has used his wit to deliver a message to critics. When some questioned his invitation to President Obama to attend the Alfred E. Smith Memorial Foundation Dinner over the president’s views on gay marriage and abortion last October, Dolan took to his blog to reply.

“If I only sat down with people who agreed with me, and I with them, or with those who were saints, I’d be taking all my meals alone,” wrote Dolan, 63, who had earlier strongly condemned Obama‘s signature health care law, which he believes violated rights of employers by forcing them to provide health insurance that covered abortion and birth control.

Dolan is not immune to the stain of sex abuse scandals that plagued the church in past decades. The Milwaukee diocese he led from 2002 to 2009 was one of eight to file for bankruptcy since 2002 amid a flood of civil claims. Dolan publicized the names of priests accused of molesting children and also authorized $20,000 payments to predator priests to get them out of the church. Dolan called claims that the disbursements were payoffs “false, preposterous, and unjust.” Supporters say the moves showed a willingness to confront the problem head-on, in contrast to how the church had long handled the scandal.

The Rev. Donald Hying, auxiliary bishop for the Archdiocese of Milwaukee, said Dolan left a lasting impression during his time in Wisconsin.

“He never really stopped being a parish priest,” Hying recalled. “What struck me the most about him was his radical availability to …read more
Source: FULL ARTICLE at Fox World News

Peregrine Pharmaceuticals Earnings: An Early Look

By Dan Caplinger, The Motley Fool

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Earnings season is winding down, with most companies already having reported their quarterly results. But there are still some companies left to report, and Peregrine Pharmaceuticals is about to release its quarterly earnings. The key to making smart investment decisions with stocks releasing their quarterly reports is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.

Peregrine Pharmaceuticals is one of many small biotech companies still looking to get their first drugs approved. Despite having very little in the way of revenue, the company has had a lot happening with it lately. Let’s take an early look at what’s been happening with Peregrine Pharmaceuticals over the past quarter and what we’re likely to see in its quarterly report on Tuesday.

Stats on Peregrine Pharmaceuticals

Analyst EPS Estimate

($0.07)

Year-Ago EPS

($0.13)

Revenue Estimate

$3.9 million

Change From Year-Ago Revenue

19%

Earnings Beats in Past 4 Quarters

3

Source: Yahoo! Finance.

What’s been happening with Peregrine Pharmaceuticals this quarter?
Analysts have raised their estimates slightly on Peregrine over the past few months, reducing their loss expectations by a penny per share for the just-ended quarter and by $0.03 per share for the full 2013 fiscal year. The stock has reflected even more optimism, rising nearly 30% since early December, but having given back much bigger gains from earlier this year.

Lately, investors have been on a roller-coaster ride with Peregrine’s stock. Last September, the company said that its own favorable clinical trial results for its most promising pipeline cancer drug, bavituximab, weren’t trustworthy, sending the shares down 80%. Yet by November, investors were getting more confident about the stock, seeing that mistakes made in the trial didn’t necessarily mean the drug didn’t work.

Then, in January, Peregrine said its third-party vendor had only mixed up part of its trial data, drawing favorable conclusions from the accurate part of the trial. Yet without explicit statistical analysis of the results, it’s hard for investors to compare bavituximab’s effectiveness against Celgene‘s rival pancreatic-cancer drug Abraxane.

In its earnings report, Peregrine needs to be as forthcoming about the bavituximab trial, providing as much statistical analysis as possible to help support its assertions that the drug has good prospects. Without that, it’s hard to see investors regaining confidence in the stock over the long haul.

Can Celgene continue to soar?
Peregrine is competing against Celgene’s Abraxane, but Celgene has a much larger plan to almost triple its profits in only a few years. Should you buy the story Celgene is selling? Make sure you understand the key opportunities and risks facing this company by picking up The Motley Fool’s brand new premium report …read more
Source: FULL ARTICLE at DailyFinance

Sbarro Réact' E.V. racing into Geneva

By Danny King

Sbarro Réact' E.V. - front three-quarter rendering

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A year ago, Espera Sbarro Montbéliard School of Design unveiled a two-seat, 137-horsepower, all-electric concept car called Intencity at the Geneva Motor Show. Last September, the school showed off a V8-powered rear-wheel-drive hot rod with 360 horsepower called Eight at the Paris Motor Show. For this year’s Geneva craziness, design house Sbarro (no relation to the Italian food chain) is shooting for a compromise of sorts by pitching a bit of plug-in hybrid-electric trickery.

Next week, Sbarro will show off what it calls the Réact’ E.V. (for “Ecological Vehicle”) in Geneva. The car will combine a 210-horsepower gas engine made by Peugeot with two 137-horsepower electric motors, so we’re talking about a pretty speedy car here. Little surprise, then, that Sbarro says it’ll enter the React ‘EV, which has a 24-kWh battery, in the Monte Carlo Rallye of New Energies in late March.

We’ll know more next week, but we’ve got a few more technical details in the press release below.

Continue reading Sbarro Réact’ E.V. racing into Geneva

Sbarro Réact’ E.V. racing into Geneva originally appeared on Autoblog Green on Tue, 26 Feb 2013 18:30:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Chinese Scrap-Metal Tycoon's Shares Suspended For Second Day

By Simon Montlake, Forbes Staff Just when you thought short-sellers had tired of Chinese stocks, another one strikes. This time the target is Hong Kong-listed China Metal Recycling (CMR), which suspended share trading Tuesday after U.S.-based Glaucus Research Group, issued a critical dissection of CMR‘s accounts. The company denied the report, calling it “wholly unfounded”, and the shares remained on hold Wednesday pending further clarification. A spokesperson for CMR said that the company was  preparing its statement for Hong Kong‘s exchange. CMR‘s stock last traded early Tuesday at HK$9.43. Last September it dipped below HK$6.00, before a strong rally that outpaced the index. That run-up boosted the fortune of cofounder and chairman Chun Chi-Wai, whose net worth is estimated by FORBES CHINA, a licensed partner, at $550 million. According to Glaucus, the stock is worth precisely zero. Nada. Zilch. Should the stock follow that trajectory, Glaucus stands to profit, as it freely admits in its disclaimer. But, it adds, that doesn’t mean its research can be dismissed out of hand. “Just because we are biased does not mean that we are wrong.”
Source: FULL ARTICLE at Forbes Latest

Hyundai Reunites With Rhys Millen Racing

By Kurt Ernst

Rhys Millen Racing’s proposed Unlimited Class Genesis Coupe – image: Hyundai

For years, Rhys Millen was the face of Hyundai’s motorsports activities in North America, campaigning Hyundai’s wares in Formula Drift, Global Rallycross and even at the world-renown Pikes Peak Hill Climb. Last September, that relationship came to a sudden and unexpected end, with Hyundai announcing a review of how its motorsports budget was spent.

Ironically, the announcement came just months after Rhys Millen set a new record on Pikes Peak behind the wheel of a Hyundai Genesis Coupe. While Millen tried to shrug it off as part of racing, it was clear that the announcement came as a surprise to him as well. Cutting loose an unproductive driver is one thing, but cutting loose a driver active in three series, who just set a new world record, doesn’t seem like the wisest choice.

On Monday, Hyundai announced that it’s reuniting with Rhys Millen Racing for a two-car attack on Pikes Peak in 2013. In addition to running a (heavily) modified Hyundai Genesis Coupe, Rhys Millen Racing will also campaign a purpose-built race car, built around Hyundai’s Lambda V-6 engine. While production components like the block, cylinder heads and bearings will be used, the heavily-modified engine will be tuned to produce “over” 900 horsepower and 800 pound-feet of torque. Expect to see a lightweight body that more or less resembles a Hyundai Genesis Coupe, too.

Millen will drive the Unlimited Class racer, while a yet-to-be-named driver will campaign the Genesis Coupe in the Time Attack 2WD Class. The goal is a new record for Hyundai in each of the two classes, as well as gathering information on the durability of Hyundai’s drivetrain components under extreme conditions.

If that’s the good news, here’s the bad: the new partnership doesn’t appear to extend to Formula Drift or the Global Rallycross Championship. Still, as Rhys Millen will surely tell you, any sponsorship is better than no sponsorship.

Source: FULL ARTICLE at Automotive Addicts