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Wednesday, October 23, 2013

Heineken issues profit warning on emerging markets

AMSTERDAM (AP) — Dutch brewer Heineken NV issued a profit warning Wednesday, saying business was worse than expected in developing markets and the economic recovery in industrial nations was weak.

The world's third-largest brewer now expects full year "underlying earnings," which strip out the effects of acquisitions, to be lower than they were in 2012, whereas it had previous said they would be "broadly in line."

The company also reported a 15 percent fall in actual earnings for the third quarter, with net profit dropping to 483 million euros ($665 million) from 568 million in the same period a year ago, in part because of the stronger euro.

Heineken's share price fell by 5.5 percent to 49.93 euros in Amsterdam.

CEO Jean-Francois van Boxmeer said the company will respond by expanding its cost-cutting programs.

"We didn't expect such negative development in central and eastern Europe," he said on a conference call with analysts, noting that the Russian market may shrink by as much as 10 percent.

"Secondly, we were expecting better in key developing markets like Mexico and Nigeria," Van Boxmeer said. He also put Brazil in that category, saying Heineken had expected beer markets to reflect economic growth that has so far failed to materialize.

The company's third quarter trading update also showed revenues, including acquisitions, rose 4 percent to 5.18 billion euros during the period. However, they grew just 0.2 percent without the impact of acquisitions, as price hikes of 3.4 percent outweighed a 3.2 percent fall in volumes across the company.

"Volumes and sales in the third quarter were lower than expected as Heineken continues to face challenging market conditions in emerging markets," said SNS Securities analyst Richard Withagen in a note.

Withagen repeated a "Reduce" rating on the shares.

Source: http://news.yahoo.com/heineken-issues-profit-warning-emerging-markets-095526028--finance.html
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One Direction, Daniel Radcliffe Top List of Richest British Celebrities Under 30

Chris Pizzello/Invision/AP

Daniel Radcliffe

LONDON – One Direction tops the latest annual heat magazine list of the richest British celebrities under the age of 30, with combined estimated earnings of $95.70 million (£59.33 million) for the past year.

Ranking just behind the boy band is Daniel Radcliffe, with an estimated $90.64 million (£56.19 million), making him the top-earning individual on the list. The Harry Potter star had topped the list since its inception in 2010.

PHOTOS: The New A-List: 23 Salaries From Angelina Jolie to Robert Downey Jr. Revealed

One Direction are Harry Styles, 19, Niall Horan, 20, Zayn Malik, 20, Liam Payne, 20, and Louis Tomlinson, 21.

Rounding out the top five are Robert Pattinson ($71.23 million, £44.16 million), Keira Knightley ($60.13 million, £37.28 million) and Emma Watson ($45.05 million, £27.93 million).

The top new entrant on the young British celebrity rich list is DJ Calvin Harris, with estimated earnings of $35.80 million (£22.20 million).

Other new additions include singer Jessie J ($9.16 million, £5.68 million), model/actress Rosie Huntington-Whiteley ($9.08 million, £5.63 million), The Amazing Spider-Man star Andrew Garfield ($8.06 million, £5 million) and boy band JLS ($7.85 million, £4.87 million).

The biggest gain goes to The Great Gatsby star Carey Mulligan, who rose 10 spots to come in 19th.

Heat magazine's list is compiled by a panel of experts that analyzes celebrities' earnings for the past year based on their TV and film deals, music sales and product endorsements.

E-mail: Georg.Szalai@THR.com
Twitter: @georgszalai

Source: http://feedproxy.google.com/~r/thr/news/~3/3RT8ej_b-To/one-direction-daniel-radcliffe-top-649987
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We're Being Slowly Screwed By Social Networks and We're Oblivious

Facebook, Twitter, Instagram and all the others once seemed to have our interests at heart; now that's looking a little more questionable; in the future, who knows where it'll end? Problem is, subtle privacy changes creep up on us in such a way that we're practically oblivious to them.

Facebook removes gruesome video, examining its policies

A gruesome video that was recently noticed on Facebook and allowed by the company was removed Tuesday, as the social network looks to strengthen its policies around the posting of graphic content.

On Monday, a BBC report pointed to a video of a beheading that had been posted some time ago to Facebook's site. Although it was extremely graphic, Facebook allowed the video to stay up, in keeping with its mission to be a platform for free expression, and because the video was deemed to condemn the act rather than celebrate it.

But late Tuesday afternoon, Facebook removed the video. It was taken down as part of a larger company effort to strengthen its policies around the posting of graphic content involving videos and images.

The just-announced effort, developed over the last 24 hours, is in its early stages.

"Based on these enhanced standards, we have re-examined recent reports of graphic content and have concluded that this content improperly and irresponsibly glorifies violence," a Facebook spokesman said, referring to the aforementioned video. "For this reason, we have removed it," he said.

Facebook already has a set of content policies governing what is and is not acceptable for posting on the site. In May, Facebook even crafted new policies for governing hate speech on the site.

But a major element in Facebook's latest effort is to better understand why certain videos or images are posted to the site. Was the content posted to raise awareness in the public interest, or was it posted for sadistic pleasure? Was it shared with a suitable audience on Facebook? Was it posted on an appropriate page? Those are all things that Facebook wants to look more closely at going forward.

Facebook acknowledges that it walks a tough line between allowing graphic content for the purposes of free speech and public awareness, without letting it be seen by whom it considers to be the wrong people.

It's a tough goal for Facebook too, given that the company is now moving to become more of a public social network, like Twitter. Just last week Facebook made changes to allow impressionable teenagers to post publicly to the site.

Still, the company said it wants to take a more holistic view of the context surrounding violent images or video, and remove the content that celebrates it.

Facebook's new plan will also incorporate some other factors into its policies, like whether the video or image was accompanied by a warning, or whether it was shared with an age-appropriate audience.

"Going forward, we ask that people who share graphic content for the purpose of condemning it do so in a responsible manner, carefully selecting their audience and warning them about the nature of the content so they can make an informed choice about it," a spokesman said.

Zach Miners covers social networking, search and general technology news for IDG News Service. Follow Zach on Twitter at @zachminers. Zach's e-mail address is zach_miners@idg.com

Zach Miners, IDG News Service , IDG News Service

Zach Miners covers social networking, search and general technology news for IDG News Service
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Source: http://www.pcworld.com/article/2056960/facebook-removes-gruesome-video-examining-its-policies.html#tk.rss_all
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Apple updates Find my iPhone for iOS 7

Find my iPhone, which also serves as Find my iPod touch and Find my iPad, has been update with an all new, all clean design optimized for iOS 7.

No other new features to bullet point, but it looks great, works better than ever - the new designed seems to improve the user experience considerably - and is free as always and available in the App Store now.

Since Find my iPhone/iPod touch/iPad will help you track down a lost or stolen iOS device, there's really no reason not to get it. So update away, and if you haven't downloaded it at all yet, get it now.

Free - Download now

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/4o9Jet3ZtPo/story01.htm
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Tuesday, October 22, 2013

Corning shares jump on LCD glass deal with Samsung

FILE - In this Aug. 30, 2012 file photo, a man demonstrates the new Samsung Galaxy Note II smart phone during a media preview at the Samsung stand at the IFA consumer electric fair in Berlin. Corning Inc., maker of the Gorilla Glass featured on many mobile devices, including the Galaxy Note II, on Tuesday, Oct. 22, 2013 announced a tie-up with a Samsung Electronics subsidiary that will boost the glass maker's earnings immediately and guarantees that it will supply Samsung with liquid crystal display glass through 2023. (AP Photo/Markus Schreiber, File)

CORNING, N.Y. (AP) — Shares of Corning Inc. jumped Tuesday after it announced a new tie-up with a Samsung Electronics subsidiary that will boost the glass maker's earnings immediately and guarantees that it will supply Samsung with liquid crystal display glass through 2023.

Corning, the maker of Gorilla Glass screens for smartphones and tablets, will acquire the South Korean company's 43 percent stake in Samsung Corning Precision Materials, an LCD glass joint venture in Korea, and will buy out other minority shareholders.

The joint venture makes glass substrates, the key material in high-end LCD televisions, monitors and mobile devices.

In exchange for giving up its stake in the venture, Samsung Display will receive $1.9 billion worth of Corning preferred shares. It will also invest another $400 million in preferred shares of Corning. If converted, the shares would give Samsung Display a 7.4 percent stake in Corning. They are not convertible for seven years.

The transactions are expected to close in the first quarter of 2014.

Corning said its board had also approved buying back $2 billion worth of its shares, which it expects will cover the dilutive effect of issuing preferred shares to Samsung Display.

Taking over the venture gives Corning immediate access to $1.2 billion in cash on the joint venture's balance sheet. The company believes it will add $2 billion in annual sales and 20 percent to earnings, excluding one-time items, in 2014 and 2015.

Part of the benefit comes from the share buyback as well as $100 million in expected cost savings in 2015.

Shares of the Corning, N.Y.-based company rose 25 percent to $19.24 in after-hours trading.

Corning also said Tuesday that it expects to earn 33 cents per share in the third quarter, excluding one-time items. That beats Wall Street's prediction by a penny. It also said revenue rose 5 percent to $2.1 billion, in line with analysts' expectations. The company will release full results for the July-September quarter on Oct. 30.

Associated PressSource: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-10-22-US-Corning-Samsung/id-da7117c1b6084aac85d3a88e429b1e3e
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The new iPads: Want thrills? Look elsewhere

Credit: iStockphoto

At 10 a.m. PT today, Apple is expected to show off new iPad and iPad Mini models. In the month before the iPhone 5c and 5s were announced, there were constant rumors about what they would sport. On the whole, the rumor mill was very accurate, no doubt thanks to a little help from Apple to keep the iPhone top of mind. By contrast, there have been few rumors circulating about the new iPads.

Does that mean Apple has shocks in store -- or that there's actually not much to say about them? I'm betting on the latter. I fully expect Apple's 64-bit A7 processor, M7 motion coprocessor, and fingerprint scanner (all introduced in the iPhone 5s) to make their way on to the full-size iPad. Some or all might also find their way into the cheaper iPad Mini, but given how the iPad Mini accounts for more than half of all iPad sales at a lower profit per unit than the full-sized model, I won't be surprised if we see the iPad Mini treated like the iPhone 5c and be computationally inferior, at least in cheaper models.

[ Mobile security compared: iOS vs. stock Android vs. Samsung SAFE vs. Windows Phone 8 vs. BlackBerry 10. | See InfoWorld's recommendations for a road warrior's must-have mobile toolkit, and discover the best productivity apps for your iPad. | Keep up on key mobile developments and insights via Twitter and with the Mobile Edge blog and Mobilize newsletter. ]

We'll probably see the fifth-generation full-size iPad have the sharper lines of the iPad Mini (which I prefer), and Apple will likely add the gold color option introduced in the iPhone 5s. The iPad Mini may get the Retina display of its full-size sibling, for a modest improvement in screen clarity. I hope we don't see the iPad Mini take on the M&M colors of the iPhone 5c, but that could be the case. We may also see new Apple iPad covers, perhaps with built-in keyboard, à la Microsoft's Type Cover for its Surface Pro.

We'll certainly see new iPod models, as well as a deeper look at the new Mac Pro and its radical new design -- and, for the third time, the forthcoming OS X Mavericks, a good but not earth-shattering upgrade for Mac users. I really hope we get the significant updates promised earlier this year to the iWork suite for both iOS and OS X -- Apple needs to make Pages and Numbers much better than they now are to truly compete with Microsoft Office. Plus, I hope we'll get a better understanding of iBeacons, Apple's intriguing indoor location interaction technology.

But for most people, new iPads are what's hot. A 64-bit iPad, coupled with the 64-bit iOS 7 and apps designed for 64-bit processing (there are now extremely few), could be a powerful alternative to a lightweight laptop. It could even run complex or compute-intensive apps such as Adobe Photoshop that today need more horsepower than what a tablet delivers.

I know many people who carry only an iPad while traveling, and at the Interop networking conference a few weeks ago, I met several CIOs who expected to have sizable tablet-only user communities in a few years, particularly for sales forces and field forces. The group could even extend to desk workers who require little beyond email, the Web, and core office productivity capabilities that you can already get on an iPad and and that Google, Microsoft, and Apple are all working to deliver via the Web.

But more is needed.

Source: http://www.infoworld.com/d/mobile-technology/the-new-ipads-want-thrills-look-elsewhere-228836?source=rss_mobile_technology
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