The U.S. employers unexpectedly cut to only 20 000 jobs in January compared with a forecast to reduce by more than 25 000 jobs. Thus, unemployment fell to a surprise five-month bottom and 9.7 percent reported in recorded unemployment in December from 10.1 percent. This gave the basis of the calls for comment by Reuters analysts to come together around the view that initiated the improvement of the labor market has put permanent roots. However, the number of unemployed continues to rise in construction and transport sectors, while services and retail industries have added jobs last month. The data of the Ministry of Labor show that currently 14.8 million Americans were unemployed. The economic situation affects most severe adult men, where the number of unemployed reached 10 percent of the active population in this group.
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Sales of the Windows operating system software giant Microsoft noted a trend of continuous decline. This also affects the overall financial performance of the company. In the second quarter of 2009 Microsoft reported 29% drop in profits to $ 3.05 billion, or 34 cents on average shares versus $ 4.3 billion, or 46 cents per share for the same period in 2008. Revenue also fell by 17 percent to $ 13.1 billion, which much less than the expected $ 14.37 billion according to agency analysts were expecting 36 cents per share. Unlike its major competitors, IBM and Intel-based Washington State Microsoft Corp. Assigned much smaller hopes to improve the situation on the market. “While it is not the place you come from years ago, which is optional, may become worse and, forecasts Chris Lidel, Finance Director, founded by Bill Gates company. According to agency Reuters Microsoft hopes that by running the new version Windows 7, scheduled for October 22, sales of most products will increase. Before long, however, sociological agency ScriptLogic conducted survey commissioned by Microsoft, and the results were not encouraging.
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Publishing company McGraw-Hill, which owns and holds the rights to the popular business magazine BusinessWeek, considering it sells, said agency Bloomberg. Investors may receive less than $ 1, forecast Financial Times. According to the British Journal publisher has requested the transaction be carried out by investment bank Evercore, after a long time is studied strategic opportunities for the magazine. “I think that for BusinessWeek, they will not receive more than $ 1″, says one of the bankers, who recalls that this amount OpenGate Capital buys time strapped magazine TV Guide. Another banker, however, is of the opinion that a deal will not go. Analyst at the Piper Jaffray Peter Apart predicted that McGraw-Hill will still sell the magazine for the symbolic amount because the deal will allow the issuer to reduce its losses this year at least $ 10-20 million because they will be covered from the buyer.
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Boeing, the second largest producer of passenger aircraft in the world, agreed to acquire operations in South Carolina to Vought Aircraft Industries, associated with the model 787, about 580 million U.S. dollars in cash, Bloomberg reported. Vought will also be released from its obligations to return the advance payments from Boeing for the development of hapless Dreamliner. In facilities in North Carolina to perform production and assembly of the hull of the Dreamliner. The plant will be operated by Boeing 787 program, which lags behind by about two years behind schedule. Vought will continue its work on other programs at Boeing, including the production of other parts for models 787, 737 and 747. “The financial requirements of the program grew beyond what a company our size can support, according to Elmer Doti, president and CEO of Vought.
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The Belgian construction company Besix wants to build the highest skyscraper in the world, announced the Belgian Economic Journal “Tade”. The company will participate in the tender for the construction of the tower “the Royal Tower” in Jeddah, Saudi Arabia. If one day it was built, it will be the first building in the world, 1000 meters high. Under the ambitious project “Royal Tower will offer 23 million square meters different shops, office space and apartments. The building will be located on an area of 530 hectares near the international airport of Jeddah. Stated project cost is estimated at 26.6 billion dollars. Besix works by more than 40 years in the Middle East, it is one of the few companies active in the construction of Skyscrapers and enjoys an excellent reputation. Among its successful performance is the construction of Burj Dubai in Dubai. This is the highest currently building in the world (818 meters) and will be officially opened in December last year.
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The index of activity in services in the U.S. in June and rose more than expected on the market. The index of the Institute for supply management (ISM) on the activity in the service sector in the U.S. in May rose to 47.0 points, its highest level since 9 months. Consensus expectations were for the market increase to 46.0 points in May after the index reached 44.0 points. Lowest level of 37.4 points indicator for activity in the service sector, which forms about 80 percent of U.S. economic activity, was reached in November last year. If the value is below 50, the indicator points to slowing the rate of economic development. Auxiliary indicators for employment in the services sector in the U.S. in May rose by 43.4 points to 39.0 points in May.
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Only a month after the leaders of the G 20 meeting in Washington promised that it will not interfere with the free market with trade barriers, governments around the world start to help strapped to their industries at the expense of foreign competitors – Bloomberg agency said. This month, Russia raised the import duties on cars from 25% to 30%. China to introduce tax rebates for exporters. India introduced import quotas for steel. Like it was not enough, the U.S. considers state aid for carbuilding companies and France paid 7.6 billion dollars to protect national companies from foreign usurper. All this suggests that the global recession might lead to protectionism, which in turn is dangerous for the recovery of the economy in the world, but for sober reaction in times of crisis. Even the next day after having promised that he would defend the freedom of global trade, world leaders began to introduce measures to prevent it, says U.S. specialist. According to economic historians, the trade war during the Great Depression after the adoption of the Law Turmoil Hawley (set record-high import duties on goods 20.000 in 1930) has increased the global economic crisis.
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U.S. factory orders increased for the second consecutive months in May – a good indicator of rising business costs such as data confirmed expectations that the industry is improving. U.S. factory orders for May increased by 1.2 percent on a monthly basis (at their strongest increase since June 2008. Here) when expectations for a 0.8 percent increase. According to today’s report from the ministry of trade orders in the U.S. in April has increased by 0.5 percent on a monthly basis, which is a downward revision of previous data on increase of 0.7 percent. Indicator for capital expenditure in the business sector grew. Orders for capital goods outside of defense and aviation increased by 4.7 percent after a 3.5 percent decrease in April. Orders for goods with long-term use increased by 1.8 percent, and this is their strongest growth since December 2007. Mistrial orders decreased by 0.2 percent in May after declining by 1.1 percent in April and 1.7 percent for March. Indicator of future demand decreased for the 8th consecutive months as the rate of decline is much smaller than the previous month. Stock of orders in industry decreased by 0.6 percent after declining by 1.2 percent in April and 1.2 percent for March. Contracts in the transport sector increased by 3.8 percent following growth of 6.3 percent in April, while orders outside military aircraft decreased by 2.3%.
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