Bloggy Business Today

By Chikako Mogi

TOKYO |
Thu May 17, 2012 2:16am EDT

TOKYO (Reuters) – Asian shares recovered some ground on Thursday from the previous day’s sell-off, but investors found little reason to chase risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.

Against a background of financial instability in Greece’s banking sector, European shares were set to start mixed, with financial spreadbetters predicting that major European markets would open between a 0.2 percent drop and a 0.1 percent rise. U.S. stock futures were up 0.6 percent.

Gold and the euro recouped most of their losses from Wednesday as signs of stability in share markets helped improve sentiment slightly, but Brent bore the brunt of general risk aversion, slipping to a near four-month low.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1 percent on short covering, after sliding more than 3 percent – its biggest one-day drop in six months – and hitting a new four-month low on Wednesday. The index has shed about 8 percent so far in May.

Bucking the general trend of recovery in Asia-Pacific, Australian shares fell to a four-month low, with banks easing on more signs of pressure on margins.

Japan’s Nikkei stock average .N225 gained 0.7 percent.

News on Wednesday that some Greek banks face emergency funding needs dealt a further blow to risk sentiment, already beaten down by worries about much slower economic growth in China, a fragile U.S. jobs market and a shock trading loss at JPMorgan Chase Co (JPM.N).

“May is typically a bear month for markets as players often look to take advantage of the saying, ‘sell in May and go away,’ but all the negative factors compounded to give momentum to sell risk assets indiscriminately,” said Bob Takai, general manager of Sumitomo Corp’s energy division, adding that the markets will likely remain depressed for the next two to three quarters.

The European Central Bank said it has stopped providing liquidity to some Greek banks that have not been successfully recapitalized.

Greece on Wednesday put a senior judge in charge of an emergency government to lead the nation to its second election in just over a month on June 17. The vote will likely determine whether the highly indebted country remains in the common currency area.

The head of the World Bank warned on Wednesday that a decision by Greece to leave Europe’s common currency zone would raise big questions about the impact on Spain, Italy and other euro zone countries

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PARIS, May 16, 2012 /PRNewswire/ –

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Arqiva et Eutelsat intensifient leur collaboration pour satisfaire une demande soutenue sur le marché des services professionnels de vidéo en Europe et au Moyen-Orient.

Arqiva, l’opérateur de services de transmission de télévision et de radio et de gestion de contenus médias, vient de signer avec Eutelsat Communications (Euronext Paris : ETL) un nouveau contrat lui permettant d’accroître ses ressources pour satisfaire une demande soutenue sur le marché des services occasionnels de vidéo par satellite.

Ce contrat porte sur la location d’un répéteur de 36MHz sur le satellite Eutelsat 7A à 7° Est. Ce répéteur additionnel fournira à Arqiva une excellente couverture de l’Europe, mais également du Moyen-Orient, de la Turquie et de la Russie. Ce nouvel accord portant sur un répéteur vient renforcer une collaboration étroite entre les deux entreprises.

Dotée d’une large infrastructure et d’une solide expertise en matière de services de transmission de télévision et de radio, Arqiva accompagne ses clients – ayants droit, éditeurs de programmes et diffuseurs – à chaque étape de la chaîne vidéo depuis la création des contenus. Une importante flotte de véhicules de reportages et 80 stations au sol assurent la couverture en direct d’événements de sport, d’actualité et de divertissement et la production d’une télévision de grande qualité dans le monde entier.

« Pour accompagner la croissance continue du marché des services occasionnels de vidéo, nous revoyons régulièrement nos ressources satellitaires et leurs couvertures pour une adéquation optimale aux besoins de nos clients », a déclaré Barrie Woolston, Directeur Commercial d’Arqiva. Il a ajouté : « Les nouvelles capacités louées sur Eutelsat 7A s‘inscrivent dans cette logique et nous permettent d‘offrir à nos clients des ressources accrues sur ce satellite dont la couverture réunit d‘ores et déjà une très importante base d‘antennes installées. »

Jean François Leprince Ringuet, Directeur commercial d’Eutelsat : « Arqiva a établi une réputation d‘excellence auprès de clients qui requièrent une haute qualité de service pour assurer la couverture télévisuelle d‘événements sportifs et d‘actualité de premier plan. Ce nouvel accord renforce une collaboration de longue date entre nos deux sociétés et consolide la place de notre satellite Eutelsat 7A sur le marché des services professionnels de vidéo en Europe et au Moyen-Orient. »

Pour plus d‘information à propos d‘Arqiva: http://www.arqiva.com

A propos d’Eutelsat Communications

Eutelsat Communications (Euronext Paris : ETL, code ISIN : FR0010221234) est la société holding d’Eutelsat S.A. Avec des ressources en orbite sur 28

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By Chuck Mikolajczak

NEW YORK |
Tue May 15, 2012 5:26pm EDT

NEW YORK (Reuters) – Stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session.

The SP 500 fell for the third straight session as attempts to form a government in Greece fell apart, raising the possibility of a rejection of the bailout terms spelled out by the European Union for the fiscally troubled nation.

After holding near the unchanged mark for much of the session, stocks moved lower in the absence of positive news to turn the tide of negative sentiment.

“Those who are looking for a little bit of a bounce off the last eight trading sessions lost their nerve because there is really nothing out there to indicate the broader story has changed,” said Peter Kenny, managing director at Knight Capital in Jersey City, New Jersey.

The concerns about upheaval in the euro zone and its effect on the global economy weighed on energy and materials stocks, with U.S. crude down for the third straight day. The SP energy index .GSPE and the SP materials index .GSPM each dropped 1.5 percent.

Quarterly results helped boost retailers TJX (TJX.N), up 6.9 percent at $42.45, and Dick’s Sporting Goods (DKS.N), up 5.9 percent at $50.05.

U.S. retail sales rose 0.1 percent in April, slightly below expectations. However, details in the Commerce Department’s report indicating underlying strength in demand and a rebound in manufacturing activity in New York State calmed concerns that the economy was stalling.

The declines on Tuesday pushed the SP 500 down more than 6 percent from its early April high, leaving some investors optimistic that the pullback may be nearing an end as stock prices become more attractive.

“We could go a little lower, but not much lower. It’s hard to ignore the fundamentals – and clearly there are some good fundamentals and prices,” said Mark Martiak, senior wealth strategist at Premier/First Allied Securities in New York.

Data showing an index of home builders’ sentiment at a five-year high in May helped lift the sector’s shares. The PHLX housing index .HGX advanced 0.6 percent. But Home Depot (HD.N) shares lost 2.4 percent to $48.67 and ranked as the biggest drag on the Dow after the home improvement retailer posted quarterly sales that fell short of Wall Street’s expectations.

The Dow Jones industrial average .DJI dropped 63.35 points, or

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Executive Auto Imports offers a special to all used car buyers.

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BLOOMINGDALE, N.J., May 14, 2012 /PRNewswire-iReach/ — Executive Auto Imports is one of the only used car dealers to offer a free 6 month warranty on their used cars. While most used car dealers sell their cars AS-IS or charge extra for a warranty, Executive Auto Imports offers a FREE 6 month warranty which is good anywhere in the USA. All of the vehicles they get in goes through an inspection before being offered for sale and is checked out before a customer takes home their purchase.

(Photo: http://photos.prnewswire.com/prnh/20120514/CG06183)

While shopping for a used car may be hard, Executive Auto Imports makes it easy by offering a free 6 month warranty, free vehicle history report and they can get almost everyone financed. Be sure to check out their Facebook and Twitter pages to see specials they offer weekly.

If you have good credit, bad credit or no credit they can assist you with financing. If you are looking to trade in or sell your current car they accept cars, SUVs, work vans, pick up trucks and more. You can call or email them during or after business hours and they will respond quickly.

Their toll free number is (855) 546-3400 and if you live out of state they can get shipping to wherever you are. You may also wish to email them at CavoCars@Yahoo.com. If you plan to stop in just give them a call and they can give you directions.

If you are looking for any particular make or model just let them know and they may be able to find it for you. They specialize in Honda, Ford, Toyota, Chevy, GMC, Nissan, BMW, Lexus and more. Just give them a call or email and let them know what you are looking for and they will be able to assist you even if they don’t have it in stock.

With many make and models available you can view their inventory online at www.CavoCars.com or www.UsedCarsNJOnline.com. Plus, they make your decision easier by offering a great warranty for FREE!

Check them

Article source: here

LONDON |
Mon May 14, 2012 4:55am EDT

LONDON (Reuters) – The euro hit four month lows and shares fell on Monday as the increasing likelihood of a new election in Greece worsened the sense of crisis in the euro zone and China’s latest move to loosen monetary policy only added to investor risk aversion.

The refusal of a major leftist party to join a new Greek government has brought the prospect of its exit from the euro a step closer. The region’s finance ministers, gathering in Brussels, also face a worsening fiscal position in Spain.

Adding to the negative tone for the higher risk sector, German Chancellor Angela Merkel’s conservatives suffered a crushing defeat on Sunday in an election in Germany’s most populous state.

“Selling rallies in risk assets seems the best way to make money in most asset classes given the event risk is still very real this week.” said Chris Weston, an institutional dealer at IG Markets.

Safe haven German bonds and the U.S. dollar gained from the drive for safety with the June German Bund future setting a record high of 143.17, up 40 ticks, in early trade.

The dollar rose 0.2 percent against a basket of major currencies to 80.45 .DXY, helping send the euro to its lowest in nearly four months at $1.2878.

China’s cut in the amount of cash banks must hold as reserves only served to fuel fears the European crisis was hurting global growth, leaving the MSCI’s broad world equity index .MIWD00000PUS down 0.2 percent after it fell two percent last week. The key FTSE Eurofirst .FTEU3 index of top European shares opened down 1.1 percent at 1,011.48.

Oil and copper also eased on concerns over the demand outlook.

(By Richard Hubbard; additional reporting by Francesco Canepa; editing by Philippa Fletcher)

Article source: here