The major airlines have made a profit of 3.9 billion dollars in the second quarter of 2010 show to the International Air Transport Association IATA. This indicates that the sector is in much better financial position compared to same period last year. Then the 47 largest airlines, the results of which are monitored by International Air Transport Association IATA, registered a loss of 881 million dollars. Main tribute to the strong performance had stable fuel prices and the gradual recovery of demand in recent months. With the strong performance are North America and Asia-Pacific region, the results of European airlines have been supported by sales of assets for 1.3 billion dollars. The profits of the airline companies, increased after the summer season in Europe, Asia and North America, which caused serious profits for the airlines. The companies removed the losses after the Iceland vulcano and realized high increase of the profits, which is also good sign for economy recovery. For the same period last year 47 leading airline suffered a loss of 881 million dollars.
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Nestle, the biggest company by market capitalization in Europe, will receive 28.1 billion dollars by Novartis in the second half of the year from the sale of its majority stake in Alcon – manufacturer of cleaning products for contact lenses. Thus, Nestle will have more cash than Google, which has had its accounts at the end of March, 26.5 billion dollars. The funds will allow the Swiss company to buy the cash almost every public company in the sector. The only public companies for food and drinks with a market capitalization of more than 28.1 billion dollars are Coca-Cola, PepsiCo, Unilever, Kraft and Groupe Danone SA. Nestle will invest the proceeds in his business or make acquisitions, said last week Jim Singh, chief financial officer of the company. Investors want the company to undertake expansion of emerging markets to catch up with Unilever, which realized about half of its sales in developing countries. “They’re definitely behind in these markets,” said Wendy Treviso, fund manager at Thornburg Investment Management, whose investment in the company amounted to 700 million dollars. Nestle Forecasts indicate that over the next 10 years about 1 billion users in emerging markets will be able to afford her products. Nestle gets about a third of their revenue from these markets, Chief Executive Paul Balk aims to increase this share to 45% within a decade.
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The motor company Ford Motor Co plans to invest 450 million dollars in building a production base in Thailand, Reuters reported. The main part of the production of the new plant will be exported, which is part of the company’s expansion in Asia-Pacific region. The factory in the eastern province of Rayong will produce Ford Focus cars from 2012, but will set a future opportunity to diversify production, reported by the company. “This investment underlines our long-term commitment to Thailand and its role as a global manufacturing and export center for Ford”, commented Joe Hinrih, president of the company’s Asia-Pacific, and Africa. The factory with an area 750 thousand square meters will have an initial capacity of 150 thousand units per year and 85% of production will be destined for markets outside Thailand. Ford plans to buy locally produced components totaling up to 800 million dollars a year and the plant has the potential to provide up to 11 thousand new jobs, the company indicated.
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Venezuela will nationalize the oil platforms owned by U.S. company Helmerich and Payne, said. President Hugo Chavez has become the country’s energy sector nationalization of a substantial part of his “revolution”. Acquire state assets in telecommunications, power distribution, production of steel and banking industries. 11 platforms do not work for months because of a dispute concerning outstanding payments amounting to 49 million dollars from the state company PDVSA. Oil Minister Rafael Ramirez of Venezuela said on Wednesday that the platforms are nationalize to be returned to production. He stated that companies which refuse to launch its service platforms involved in a conspiracy to weaken the government of Chavez. “There is a group of owners of the platforms, which declined to discuss fees and services to PDVSA and preferred to keep the equipment in storage for a year. This is the case with the U.S. multinational company Helmerich and Payne “, said Ramirez told reporters. In September the country will hold elections for a legislative body, and Chavez usually take radical steps in the campaign, said Thursday.
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The government in Athens is expected to approve a broad privatization program, which will include a massive sale of state assets, said Greek newspaper Vima. Some are subject to privatization Organization estimates the results of football matches and betting OTE telecom, the national electricity company Dei, the gas company DEPA Agrarian Bank and the Athens airport “Eleftherios Venizelos. Dramatic decisions expected to be deep in debt to Greek Railways Company DCE, according to Greek newspaper. In this regard, “Vima said that representatives of investment houses, arms dealers, brokers and entrepreneurs are in Athens and true” vultures waiting for government tenders. Han Chinese, Arabs, Libyans, Quatars, Lebanese and other officials inspected the business market to intervene. The Germans also tried to touch their plans and seek to buy the remaining shares in OTE telecom to extend the contract for Athens airport, to strengthen the impact of tour operator TUI Germany, and last but not least – to buy Greek EAR aviation industry to secure access to future supplies of European fighters “Euro-fighters” wrote the Greek newspaper. According to publications in local newspapers, the Greek government expected from privatization this year to enter the treasury at least 2.5 billion.
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Gazprom and the Turkish energy company Botas, have agreed on a new formula for calculating the price of Russian gas to Turkey under which the blue fuel prices for the country will be reduced by at least 10%. It reported the Turkish newspaper Sabah, adding that the memorandum is expected to be signed tomorrow, during a visit to Turkey of Russian President Dmitry Medvedev. Formal confirmation from the Russian side of that information will now writes RIA Novosti. Currently 62% of the supply of blue fuel to come from Turkey, Russia is the largest foreign trade partner of Turkey. In this context, Russia’s president said, quoted by Turkish newspaper that ambition in the next five years the trade turnover between the two countries to increase 3-5 times, ie Its annual volume is likely to reach $ 100 billion. At present Bulgaria in the face of Bulgargaz also negotiate a new long-term contract with Gazprom for gas deliveries by early next year because this period expires.
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The U.S. government wants to impose a record fine of Toyota’s big because it “for several months” is covered up problems with the pedal to throttle some of its models, ignoring the risk for drivers, police said. Expected to be announced today, the decision imposing the penalty in the amount of 16.375 million dollars. Japanese have a period of two weeks to decide whether it intends to pay the fine. If you refuse and fail to reach agreement with U.S. regulators, the company provides the procedure to be indicted. If the fine is confirmed, it will be the largest penalty attributed to the U.S. carmaker. The investigation against Toyota started on February 16, the objective was to determine whether the company is late with the announcement of the observed problems in some of its cars. The rules in this area provide if the manufacturer finds a problem, to notify him within five days of the establishment of the defect. According to investigators the Japanese group was “over the issue for months and did not take the necessary measures to protect millions of drivers and their families,” said Transport Minister Ray American Lahuud.
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When we talk about information technology is necessary to mention that among the most popular software platforms for high-end, having a corporate nature is Oracle. IT sector marks a serious decline in a crisis, representing the so-called unreal economic sector. IT industry and service sector are two fundamental bases for cost reduction in companies in times of crisis, as it aims to minimize the possible losses and maximize expected profits. All this leads to serious loss of IT companies, while still fighting for survival leads them to offer the widest possible range of services at minimum cost. At the same time software problems remain, but their management is ineffective if not accompanied by reliable customers. Therefore, it was very big mistake shift towards cheaper than unreliable IT Support companies. Oracle platform is among the most used and certainly the most difficult to control and management. The oracle clinical companies offer reliable support and quality management of your systems. They can offer a full range of services, staff training and at affordable prices. All this will increase the efficiency of your business will improve resource management and the company will reduce the problem of software used.
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The Japanese electronics maker Sony reported 7-times growth in profits thanks to cost cuts, the company launched last year, transmit Reuters. The positive financial result of the company jumped to 79.2 billion yen (about $ 871 million) on 10.4 billion yen profit reported for the third quarter of 2009. The revenues of the Japanese have risen to 2.24 trillion. yen and operating profit reached 146.1 billion yen. A year ago the company reported an operating loss of 18 billion yen. Sony revised up its estimates for the full financial year ending March 31. The new company is expected to lose 70 billion by Eni, which is 22% more than the announced forecast losses of 95 billion yen. The company of Sony felt the financial crisis in many of the units, but now everything looks that the bad times are passing and company will start making high profits again.
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The South Korean government has decided to pardons former President of Samsung Lee Kun-hiy, convicted of tax evasion, cited by Air Force, citing the release of the Ministry of Justice of the country. After being pardoned, Lee Kun-hiy will be able to return to work within the International Olympic Committee. South Korea is a candidate to host the winter games in 2018. This is the second pardon for Lee. In 1996 he was convicted of bribing former president Chun To Drag and Roe Tae Woo of two years imprisonment, and in 1997 was pardoned by President Kim Yun Sam. In 2005, even as prosecutors investigate suspicions that Lee and other heads of companies have used company funds to pay presidential candidates. This accusation, however, dropped. Cases in which the president pardons a leader of a large local family business, are common, says BBC. Lee is considered by many to be one of the popular business in the country. Amnesty for his current trade lobbies and sports organizations. So far South Korea has tried twice to host the Winter Olympics, this time to compete with Munich and the French town of Annecy.
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