Tag Archives: North America

Lenovo to open up consumer cloud service this quarter

Lenovo will open its Reach consumer cloud service beta to anyone who wants to sign up later this quarter in North America, which could boost the Chinese company’s hardware sales by tying that portfolio to the cloud service.

A date for when the service will come out of preview mode has yet to be decided, said Lenovo spokesman Doug Augustine, in an email response to questions about the company’s plans for Reach.

The cloud service, currently in closed beta to select testers, provides 5GB of remote storage. Users can store movie, music and other multimedia files, and share those across computers and mobile devices. Users can also log in to Facebook from Reach and store passwords for other commonly used websites such as Amazon.com, LinkedIn and online banking that they can access from the cloud service.

Lenovo first talked about building its own cloud service early last year. Since then, the company has built data centers around the world and also acquired Stoneware, a cloud company that provided technology for Lenovo’s cloud service for business customers. Lenovo said it would use some assets from Stoneware for its public cloud service.

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Source: FULL ARTICLE at PCWorld

HTC's Massive Handset Warning Is An Ill Omen For BlackBerry

By Tero Kuittinen, Contributor We have seen truly awful revenue warnings from over the past 18 months – but nothing as devastating as the one the company just issued. HTC now forecasts 3Q 2013 revenues in the NT$50-60 B range, down sharply from NT$70.7 B it delivered during 2Q 2013. It’s the context that makes this forecast so chilling. HTC rolled out a brand new, redesigned flagship model HTC One during the spring quarter. The phone started rolling out in Asia and North America during the month of March. This means that HTC had ample time to ramp up the production of HTC One during the spring – and the company should be hitting peak period during the autumn quarter, with pricing power that a relatively new flagship model is supposed to possess. …read more

Source: FULL ARTICLE at Forbes Latest

Mobile POS Will Surpass $2 Billion in 2013, iPad As Cash Register

By TJ McCue, Contributor

When Apple began using mobile devices in their stores, people in retail started paying attention. According to a recent study from research firm IHL Group, 28 percent of North American retailers plan to adopt Mobile POS in some form by the end of 2013. The Mobile POS market will surpass $2 Billion in hardware/software sales in North America this year. …read more

Source: FULL ARTICLE at Forbes Latest

Atmospheric rivers linked to severe precipitation in Western Europe

Atmospheric rivers, narrow bands of enhanced water vapor transport in the atmosphere, have been associated with extreme rainfall and flooding in some areas, especially western North America. Lavers and Villarini now show that atmospheric rivers are also responsible for a significant number of days of high precipitation in Western Europe. …read more

Source: FULL ARTICLE at Phys.org

Black 3DS XL Confirmed for North America

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Nintendo has announced it’s set to release a black version of the 3DS XL on August 11.

This brings the number of shades North Americans can buy their 3DS XLs in up to four, with the others being blue, red and pink.

There were rumours that a black 3DS XL would be coming to America a couple of weeks ago, after an advert for Mario & Luigi: Dream Team on Cartoon Network displayed such a device.

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Source: FULL ARTICLE at IGN Video Games

Everything We Know About Soccer Is Wrong

By Zach Slaton, Contributor

It has been nearly two months since The Numbers Game: Why Everything You Know About Soccer Is Wrong was published in the United Kingdom and the Netherlands, meaning that soccer quants in North America have had to pay for international shipping if they wanted to get their hands on the book.  The need for such expensive shipping ends on July 30th, 2013 when the book is published in both the United States and Canada.  While the authors of the book, Chris Anderson and David Sally, have been very pleased with the book’s reception in Europe they are looking forward to what they hope is a slightly different reaction in North America.  David Sally explained, “I think we are really glad with the reaction in the UK and The Netherlands where the book launched a few weeks ago.  I think we’re hoping the reaction is going to be even stronger in the US because there is more of an appetite for statistics in sports.  It’s a more natural audience.  I think there is also the coolness and hipness factor to soccer.  A lot of people are trying to understand the game more deeply, and we hope the books serves as a way to get even deeper into the game.” Chris Anderson believes North Americans’ appetite for numbers combined with soccer being a less popular sport than it is in Europe makes the book perfect learning material about a game that is rising in popularity. “[Dave and I] are Americans, and we love American soccer.  We’d love to see the game grow in the US, so in whatever small way the book can tell them something about soccer they didn’t know but they wanted to know and will help them understand and make sense of what’s going on on the field when they’re watching or their kids are playing.  If we can contribute to helping grow soccer in the US in whatever small way I’d personally be really excited about that.” The way Anderson and Sally approach learning about the game is by asking repeated, intelligent questions, answering them with the best available data, and then asking the next logical question that comes from the answer to the previous question.  In laymen’s terms, they end up pealing back the layers of the soccer onion.  The duo divides their examination of the game into three parts: Before the Match, which examines the larger patterns within the game that seem largely immutable: luck accounts for 50% of the outcome of a match, frequency of scorelines are relatively consistent between top leagues, and the rarity of goal scoring makes the game somewhat unpredictable and the value of goal scorers dependent upon when they score their goals versus the scoreline of the match. On the Pitch, which explains how the game is a balance of strategies.  Preventing a goal is more important to earning points than scoring one, the game is about managing turnovers, and the game can be controlled by both tiki taka as well …read more

Source: FULL ARTICLE at Forbes Latest

Volkswagen Will Bring the Phaeton Back to America—Just Not for Another Two Years

By Jens Meiners

The next generation of the Volkswagen Phaeton will, in fact, be offered in the U.S., but don’t expect it to be unveiled any time soon. There is no substance to rumors that it will be unveiled at the 2014 Detroit auto show, company sources have told Car and Driver. Look instead for a debut late in 2014 or 2015, likely at a European or Chinese auto show, before coming to market as a 2016 model. There is no urgency on VW’s part to replace the venerable luxury sedan.

The original Phaeton, a pet project of Ferdinand Piëch that was launched in 2002, has not performed well in North America—or anywhere else, for that matter. It was yanked from American VW dealers after the 2006 model by former VW CEO Bernd Pischetsrieder as part of his power struggle with Piëch, who heads the supervisory board. However, a company insider tell us that the discontinuation of VW’s S-class–fighter was “one of the smartest decisions ever,” adding, “We couldn’t give them away.”

The Dresden-built luxo-cruiser serves as the technical basis for Bentley’s Continental GT and Flying Spur, actually surpassing both in several aspects when it comes to attention to detail. Despite that enormous technological merit, the Phaeton has been let down by Volkswagen’s image—it’s awfully tough to sell the uninitiated on a $93,000 VW, even if it does have chops good enough for Bentley.



The second generation of the Phaeton is being developed to make use of the Volkswagen Group’s MLB platform, which is loosely shared with the Audi A8, and will return to American showrooms. Our intelligence suggests that the new Phaeton will be powered by a choice of a turbocharged VR6, a turbocharged V-8, a V-6 turbo-diesel, and potentially a hybrid in some form. Unfortunately, we hear there’s very little chance that the Group’s famous W-12 has a future in the Phaeton. Even if engineered to perfection, as we fully expect the next Phaeton to be, it won’t be quite the same without four banks of cylinders providing seemingly endless thrust for the most luxurious VW-badged ride imaginable.

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Source: FULL ARTICLE at Car & Driver

Sandra Bullock On ‘The Heat 2’: ‘I Can’t Imagine It’

By The Huffington Post News Editors

“The Heat,” Paul Feig’s hilarious buddy cop comedy with Sandra Bullock and Melissa McCarthy, has been one of the surprise hits of this summer, earning $130 million in North America since its release on June 28. Before “The Heat” even debuted, studio Twentieth Century Fox commissioned screenwriter Katie Dippold to work on a sequel, owing to the advance buzz humming off the comedy in the lead-up to its premiere.

“I really like the idea we have for the sequel. I’m really excited about it,” Dippold told HuffPost Entertainment in an interview. “I can’t say what it is. I wish I could. I really wish I could, but I can’t: I would be immediately fired and murdered. But I really think it could be so fun. So I’m hopeful that we get to do it.”

Unfortunately, Dippold may not get the chance. Speaking with EW.com at Comic-Con, Bullock said she wasn’t interested in doing a sequel to “The Heat” at this stage in her career.

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Source: FULL ARTICLE at Huffington Post

Auto Sales Are In Over Drive as Detroit Goes Bankrupt

By Robert Lenzner, Forbes Staff My jaw dropped and I got wide-eyed looking at a chart showing automobile production this year. I simply didn’t realize that automobile plants in North America are operating at full capacity (I mean near 100% in some cases) and are on schedule to sell the 16 million cars they will produce this year. The automobile industry is booming almost more vibrantly than residential housing, and rewarding investors with solid gains this year, while still selling at low forward multiples of earnings. Ford Motor, with the robust Allan Mulally as CEO, has seen its stock rise 25%, more than the market average and still be selling at 8 times forward earnings expectations, when the broad market sells at 16 times current earnings. Warren Buffet’s Berkshire Hathaway picked up 25 million shares of GM in the first quarter on the strength of its making 15% return on equity. …read more

Source: FULL ARTICLE at Forbes Latest

Ford Is Minting Cash Instead of Burning It These Days

By Joann Muller, Forbes Staff

Ford Motor’s second-quarter financial performance was impressive for a number of reasons: continued strength in North America, record profits in Asia, signs of progress in Europe, and market share gains around the world. But one number stood out in Ford’s results mid-way through the year: its $4 billion in operating cash flow. …read more

Source: FULL ARTICLE at Forbes Latest

The Story Of The Greatest Game Ever Played In America That You Have Probably Never Heard Of

By Bobby McMahon, Contributor

The first MLS Cup Final in 1996 was a dramatic affair that saw D.C. United recover from a late two-goal deficit against the Los Angeles Galaxy to win through Eddie Pope’s golden goal in overtime. Yet the drama at Foxborough Stadium that day could not come close to emulating the ‘Greatest Soccer Final Played on American Soil’ — the first continental professional final held between franchises from those two cities to crown the 1967 United Soccer Association champion. Nearly 18,000 fans at the Los Angeles Memorial Coliseum witnessed 11 goals, two hat-tricks, three penalty kicks, last-minute equalizers in normal and extra-time, one sending off, countless punch-ups and a heartbreaking golden own goal in sudden-death overtime.  Ian Thomson is a former Wall Street reporter and freelance soccer journalist based in Morgantown, West Virginia. In his first book “Summer Of ’67” Ian tells the story of that final and the 12 teams that arrived in North America from around the globe to compete in the first United Soccer Association. The twelve teams were adopted by cities across North America and went through name changes. Cagliari of Italy became the Chicago Mustangs, Wolves and Sunderland from England played as the Los Angeles Wolves and the Vancouver Royal Canadians. Stoke City became the Cleveland Stokers, Bangu from Brazil the Houston Stars and Dundee United offered a Texas rivalry as the Dallas Tornado. Toronto City was Hibernian from Scotland, C.A. Cerro of Uruguay the New York Skyliners  and the Netherlands side ADO Den Haag took temporary possession of the mouthful that was the San Francisco Golden Gate Gales. Rounding out the 12 teams was Glentoran of Northern Ireland as the Detroit Cougars, Shamrock Rovers from the Republic not surprisingly lined up as the  Boston Rovers and Aberdeen became the Washington Whips. Ian was kind enough to take time to answer some of my questions. Q What drew you to this specific subject? A I’d heard many years ago that my team, Aberdeen from Scotland, had played as the Washington Whips in some far-flung American tournament before I was born. I never thought too much about it until I attended my first D.C. United game at RFK Stadium last year. Shortly afterward, I interviewed Notre Dame head coach Bobby Clark for a college soccer story. Bobby was Aberdeen’s goalkeeper during the 1967 tour. It struck me that the United Soccer Association was a key milestone in the timeline of U.S. soccer history that remains largely obscure. Q As you did your research what level of awareness did you find 0f the 1967 United Soccer Association on both sides of the Atlantic? Or was it case that Pele signing for the Cosmos years later was the starting point for most?  A It’s funny, I was talking to Vancouver Whitecaps head coach Martin Rennie after his team’s 1-0 win at RFK Stadium in June. Rennie is an Aberdeen fan, yet he had no idea that The Dons had played in that venue. Sunderland’s club historian had written a …read more

Source: FULL ARTICLE at Forbes Latest

Report: Ford books $1.2B profit in second quarter on strength of trucks

By Brandon Turkus

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Ford is rolling along nicely, with a positive second-quarter sales report and a $2.3 billion profit in North America. The Dearborn, Michigan-based manufacturer captured $1.2 billion globally from April to June, with a $177 million profit in Asia. Even in Europe, the land of doom and gloom for automakers not named Mazda, Ford saw some success as it lowered its expected full-year loss from $2 billion to $1.8 billion. The company lost $348 million in Europe during the second quarter, which, believe it or not, represents a $56-million improvement over 2012.

According to the report on CNBC, Ford enjoyed a three-percent increase in pre-market trading thanks to the news. The strong demand for the F-150 propelled growth in the US market, while Ford’s 47-percent increase in Asian sales can be attributed to the new EcoSport crossover and Kuga (Ford Escape in the US) arriving in the somewhat fragile Chinese market.

Pre-tax profits for Ford are expected to be in the neighborhood of $8 billion by the end of the year, with sales the US, Europe, and China all looking up. The company also shifted $4.78 billion of asset-backed debt in the form of bonds, according to a report by Bloomberg. This move came amidst rumors of the Federal Reserve cutting back on its $85-billion-per-month bond purchases. Ford wasn’t alone among automakers looking to sell off debt, though, as Mercedes-Benz and Nissan shifted around $1 billion each in bonds relating to auto loans.

Ford books $1.2B profit in second quarter on strength of trucks originally appeared on Autoblog on Wed, 24 Jul 2013 10:59:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Market Minute: Starbucks Milks Yogurt Deal; Apple Earnings Shine

By DailyFinance Staff

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Starbucks plans a big new product line, and a case of when bad is good. Those and more are what’s making business news Wednesday.

The Dow industrials (^DJI) rose 22 points Tuesday, enough for another all-time high. But the S&P 500 (^GPSC) lost 3 points, and the Nasdaq (^IXIC) fell 21.

AFP/Getty Images

Starbucks (SBUX) continues to expand beyond coffee. It’s joining forces with Dannon to make Greek yogurt parfaits. The fast-growing yogurt business in the U.S. is worth more than $6 billion, and analysts say there’s still plenty of room to go. Last year, Starbucks expanded its tea business by acquiring the Teavana chain.

Apple’s (AAPL) quarterly earnings fell 22 percent from a year ago, but that wasn’t as bad as most analysts had forecast. Revenue edged higher as it shipped more than 31 million iPhones. That was well above expectations and the stock is likely to climb this morning.

AT&T’s (T) net edged slightly lower, but on the positive it reported the number of new customers signing long-term service contracts nearly doubled from a year ago.

Ford (F) reported better-than-expected second quarter earnings in part due to strong domestic demand for its F-Series pickups. The automaker earned $1.2 billion in the April-June period, propelled by a $2.3 billion profit in North America. Ford shares rose 3 percent in premarket trading.

Among other big names reporting this morning: Boeing (BA), Caterpillar (CAT), Delta Air Lines (DAL) and USAirways (LCC).

Other stocks likely to make big moves to the upside following earnings include video gamemaker Electronic Arts (EA) and software company VMWare (VMW); like to trade to the downside, chipmaker Broadcom (BRCM) and restaurant chain Panera Bread (PNRA).

The big report after the bell today comes from Facebook (FB). The focus will be on how much the company grew its revenue from mobile platforms.

The New York Times (NYT) reports officials in Louisiana are preparing to file suit against Exxon Mobil (XOM), BP (BP) and other oil producers, accusing them of damaging the coastal wetlands that help protect the region from hurricanes.

A new report shows that Google (GOOG) accounts for nearly a quarter of all the Internet traffic in North America. That’s more than Facebook and Twitter combined.

And Carl Icahn, one of those big time investors who can move stock prices, is offering a tease about what he’ll do next. CNBC reports that Icahn plans to give clues about his next big investment on Twitter. His handle is @Carl_C_Icahn.

Produced by Drew Trachtenberg.
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Source: FULL ARTICLE at DailyFinance

Ford Earnings Beat Forecasts on Higher U.S., China Sales

By The Associated Press

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By DEE-ANN DURBIN

DEARBORN, Mich. — Ford reported better-than-expected second quarter earnings and raised its profit and sales forecasts for the year as strong U.S. pickup truck demand and growing sales in China offset persistent — but narrowing — losses in Europe.

Its shares rose 3 percent in premarket trading.

Ford Motor Co. (F) earned $1.2 billion in the April-June period, propelled by a $2.3 billion profit in North America. U.S. pickup truck sales have jumped 22 percent in the first six months of this year, or nearly three times the pace of total industry sales. That benefits Ford, whose best-selling vehicle in the U.S. is the F-Series pickup.

Ford also reported a best-ever profit of $177 million in Asia. Ford’s sales jumped 47 percent in China the first six months of this year, or more than four times faster than total industry sales growth of 17 percent, as the company introduced popular new vehicles like the EcoSport and Kuga SUVs.

Ford raised its forecast based on the April-June results. The Dearborn, Mich.-based automaker now expects its full-year pretax profit to be equal to or better than the $8 billion it reported a year ago. Previously the company had expected to match that profit.

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Ford also expects sales in the U.S., Europe and China to be in the upper end of its previous forecasts.

In Europe, Ford narrowed its expected full-year loss to $1.8 billion from $2 billion. The company lost $348 million in Europe in the second quarter, which was $56 million better than a year ago.

Ford’s earnings amounted to 30 cents a share in the latest quarter, the same as a year ago. Without one-time items, including separation payments in Europe, where Ford is closing several plants, the company earned 45 cents a share. That surpassed analyst forecast of 37 cents, according to FactSet.

Revenue was up 14 percent to $38.1 billion, beating analyst forecasts of $34.9 billion.

Its shares rose 53 cents, or 3.1 percent, to $17.47 in premarket trading.

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Source: FULL ARTICLE at DailyFinance

Xbox One Game Prices Announced For UK

Microsoft has announced Xbox One games in the UK will come with a Recommended Retail Price (RRP) of £49.99.

OXM spotted the prices on the company’s online store, which currently lists Dead Rising 3, Ryse: Son of Rome, Forza Motorsport 5 and Kinect Sports Rivals for that price.

Last month, Microsoft announced that first-party Xbox One games would be sold in North America for $59.99, which is the same price games are currently sold for there. In terms of the UK, it’s worth remembering that retailers are likely to undercut Microsoft – in fact, Amazon is already listing Need for Speed Rivals at £43.99.

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Source: FULL ARTICLE at IGN Video Games