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Siemens Warns Of Challenges Ahead For Energy Business | Fox Business

The news is a setback for Chief Executive Joe Kaeser, a conservative former finance chief who got the top job when his predecessor was pushed out a year ago, as he seeks to improve profitability after Siemens lost ground to competitors like Switzerland's ABB and U.S.-based General Electric. Kaeser unveiled a corporate overhaul in May, dubbed "Vision 2020", that will see Siemens take out a layer of management by cutting back to nine core divisions from 16, spinning off its hearing aids business as a publicly listed company and separating out management of its healthcare business. In the three months through June, operating profit from Siemens's four main businesses - industry, energy, healthcare and infrastructure & cities - rose 37 percent to 1.74 billion euros ($2.33 billion), missing the analyst consensus of 1.83 billion euros in a Reuters poll. [ID:nL6N0Q33ZQ] Profit at the energy business slipped by 6 percent as it booked one-time charges, especially related to the delayed connection of offshore wind farms to mainland power grids. Siemens said it still saw flat revenues in its fiscal year through the end of September, with an increase in earnings per share by at least 15 percent from last year's 5.08 euros. Analysts see 2013/14 revenue down 1.1 percent and earnings per share click here. up by 25 percent. ISM-Chicago's gauge of manufacturing activity in the Midwest region reached its lowest level since June 2013, widely missing expectations. Markets

01 Aug 2014
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Argentine Default To Hit Brazil Factories, Uruguay Resorts - Yahoo News

A Marcopolo spokesman declined to comment on what the default could mean for its outlook in Argentina. CEO Jose Rubens de la Rosa said on a June conference call that the lingering uncertainty in the country is "clearly" weighing on the company's performance. "It isn't the first time that this happens in Argentina," he said. "The government has asked us to be patient." BAD TIMING FOR BRAZIL Brazilian exports to Argentina have been shrinking over the past few years as the end of a global commodities boom weighed on Argentina's meager dollar reserves, prompting policymakers to impose capital controls and trade barriers. In a show of solidarity on Tuesday, Rousseff brushed aside Brazil's friendly rivalry with its biggest neighbor and sided with Argentine president Cristina Fernandez, browse saying that a few "speculators" are putting the "stability and the well-being" of entire nations at risk. Brazilian Finance Minister Guido Mantega reiterated that view on Thursday and sought to play down the potential effect of Argentina's default on Brazil, saying it was "nonexistent" for now. In a worst-case scenario, the Argentine default could cost Brazil as much as 0.5 percentage points of growth in 2014, said Robert Wood of the Economist Intelligence Unit. With the Brazilian economy expected to expand just 0.9 percent this year, every decimal point of economic growth matters, especially in an election year. Shoemakers are particularly pessimistic.

01 Aug 2014
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10 Best Mobile Website Development Firms In Belgium Revealed By For July 2014

Each month the top mobile website development firms in Belgium are put through a meticulous evaluation process in order to determine which firms produce the best services overall. The process involves an in-depth analysis of top performing companies in areas including support, user interface, conversion, functionality, and optimization. Client evaluations of competing mobile website development firms are contacted in order to obtain their web directories unique inputs and suggestions on the firms they have used. To view the recommendations of .. [read more] the best mobile website development agencies in Belgium click here . About is a provider of web design ratings in Belgium. The central purpose of is to uncover and disclose those individuals or firms providing top web design solutions available.

28 Jul 2014
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Hollywood Filmmaker Garry Marshall Finds New York Stage Project, Opening In October -

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2 prior to an official opening Oct. 20. "Billy & Ray, a whip-smart comedy charting the birth of the film noir genre, follows literary odd couple writer-director Billy Wilder and novelist Raymond Chandler as they contentiously collaborate to adapt 'Double Indemnity' for the silver screen," press notes state. "Set in 1940's Hollywood, Billy & Ray is the true story of how two brilliant and thorny artists battled the Hollywood censors and each other to create a groundbreaking movie classic." Marshall directed the great site play's world premiere in spring 2013 at the Falcon Theatre in Burbank, CA. Marshall is a five-time Emmy nominee, having created, written and produced the sitcoms "Happy Days," "Laverne & Shirley," "Mork & Mindy" and "The Odd Couple." He wrote the plays Shelves andThe Roast. His film directing credits include "Pretty Woman," "Beaches," "Overboard," "The Princess Diaries 1 & 2," "Runaway Bride," "Valentines Day" and "New Years Eve." The cast and creative team ofBilly & Ray will be announced at a later date. The Vineyard's 2014-15 season productions are currently only available by purchasing a membership. Memberships can be purchased by calling (212) 353-0303 or visiting .
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24 Jul 2014
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Australia Leading Index Sees Weak Growth : Westpac

The Westpac-Melbourne Institute leading index for Australia rose 0.07 percent month-over-month to 98.20 in June from 98.13 in the previous month. The rate of increase was roughly the same as (source) in the previous month. The index remained below trend for the fifth consecutive month and also below 100, which separates growth from stagnation. The six month annualised deviations from trend growth, which reflects the likely pace of economic growth three to nine months into the future fell to -0.73 percent in June from -0.65 percent in May. "The six month annualized growth rate of the index has now been growing below trend since February and it is indicating that the growth in the Australian economy can be expected to remain below trend for the rest of 2014 with limited momentum in to 2015", Bill Evans, chief economist at Westpac said. The slight improvement in the leading index see in June was due to improvement in consumer sentiment expectations, U.S. industrial production, dwelling approvals and aggregate hours worked, while ASX 200, commodity prices, yield spread and unemployment expectations served as drags. by RTT Staff Writer

17 Jul 2014
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