world news in 17th of October

Apple wins battle to block Samsung tablets in Australia

An Australian court has temporarily banned the sale of Samsung Electronics' tablet computer in Australia, a victory for Apple in its global patent dispute with the South Korean company.

Apple has accused Samsung of copying its touch-screen technology for its Galaxy Tab 10.1.
The two companies are embroiled in legal battles in 9 countries.

Samsung is one of Apple's biggest challengers in the smartphone and tablet industry.

The decision by the federal court threatens to hurt Samsung's position in the Australian market, as it could miss the lucrative Christmas season.

The two companies have been locked in patent disputes since April, with each accusing the other of infringing patents.
Apple has already won a victory in Germany, Europe's biggest economy, banning the sale of the Galaxy Tab 10.1. An appeal hearing is expected in that case.
Last week, Samsung said it would try to stop the sale of Apple's iPhone 4S in France and Italy, accusing the company of infringing 3G transmission patents.

Slovak news 10th of October

FOUR out of five businessmen in Slovakia believe that the move to the euro was a good step. This was the result of a survey of 130 businessmen by the Business Alliance of Slovakia, the head of the alliance, Róbert Kičina, announced. Slovakia marked 1000 days with the euro on September 28.


“Businessmen regard the process of transferring to the euro to have been smooth and effective,” said Kičina, adding that concerns that the changeover would be abused to increase prices excessively were not borne out, because inflation increased by 1.6 percent in 2009 and by only 1 percent in 2010.


Up to 81 percent of respondents considered the single currency positive since it brought greater currency stability, lower transaction expenses, and easier cross-border trade. Only 10 percent of respondents said that they disagreed with the euro as Slovakia’s currency, with most of them citing the current uncertain situation in the wider eurozone.

Business news on 7th of October

Samsung issues better-than-expected profit forecast

Samsung Electronics has issued a better-than-expected profit forecast for the third quarter as its handset business helped to offset falling demand for TVs and computer chips.

Samsung said it expected an operating profit of 4.2tn won ($3.5bn; £2.3bn) a 14% dip from a year earlier, but better than market projections of 3.5tn won.

Compared with the previous quarter, the projected profit is up 12%.

Samsung is the world's second-largest maker of mobile phones.

"Its telecommunications business is seen very positive as shipments of smartphones and other high-end handsets expanded," said Park Jong-Min of ING Investment Management.

Advantage Samsung?

Continue reading the main story

“Start Quote

The weakening won may have inflated third-quarter profits”

Kim Young-ChanShinhan Investment Corp

Analysts said they expected Samsung's handset business to keep growing robustly, not least due to the Apple's decision to upgrade its existing model of iPhone4 with new features and technology, rather than launch a new version.

Apple had been expected to launch an iPhone5 at a media event held earlier this week.

"Given Apple's relatively unchanged new iPhone, Samsung will have the opportunity to eat into Apple's market share with its hardware build-up and growing software power until next year," said Jang In-Beom of Bookook Securities.

Samsung has also been growing its presence in the tablet PC market.

Last month the Korean electronics manufacturer announced that sales of the Samsung GALAXY S II had crossed the 10 million mark, doubling from five million in just eight weeks.

'Major risk'

Despite the optimism about the growth potential of its handset business, analysts said that external factors remain a big threat to the company in the short to medium-term.

There have been concerns that a slowdown in the US coupled with the ongoing debt crisis in Europe may hurt global growth and dent consumer demand.

"The macroeconomic situation will remain a major risk for Samsung in the fourth quarter," said Ahn Seong-Ho of Hanwha Securities.

At the same time, there are fears that volatility in the currency markets may also have a bearing on its earnings.

The Korean won has fallen as much as 10% against the US dollar since the start of July.

A weaker won makes Korean goods cheaper for foreign buyers.

"The weakening won may have inflated third-quarter profits," said Kim Young-Chan of Shinhan Investment Corp.

However, Mr Kim added the exchange rate remained a threat to Samsung as any recovery in the won would have a counter effect.

the mission statement

1.Express Scripts

 Description
Express Scripts is a pharmacy benefits management company in St. Louis, Missouri, whose aim is to enable prescription drugs become more available, cheaper and safer to consumers. Express Scripts processes pharmaceutical transactions faster and more efficiently than regular pharmacies, with the added online technology giving consumers more benefits and advantages.

       it provide better prices of  medicines, and the best thing about it is, Express Scripts processes pharmaceutical transactions faster and more efficiently than regular pharmacies, and added online technology.

        it is a business around pharmacy benefits management company.

        the special detail it has provide is Express Scripts processes pharmaceutical transactions faster and more efficiently than regular pharmacies, and added online technology.

        it may lead pharmacy business to internet shops as well. or people can ask questions  about medicine online.

2. family dollar store

  description

The Family Dollar Store-- a dollar store that provides available and conveniently low prices to consumers, with 5,900 stores in 44 states. Majority of its market are families with income brackets of around $25,000 a year.

     it provide cheaper and valuable products, and it is big company so concumers can trust it.this market is provide for people who doesnt have high salary, and cant afford expensive thing.

       it is a regular market, majority of its market are families without high income.

      it tells up that the specific group they are providing for.

     i dont see any vision provide in future.

3 Auto-Owners Insurance

Description
           Auto-Owners Insurance is one of the biggest insurance companies in the US that aspires to give only the best quality service. In addition to vehicle insurance, Auto-Owners also offers other products such as universal and whole life, homeowners, and long-term care insurance through its two subsidiaries, Home-Owners Insurance Company and Property-Owners Insurance Company.

       only this company can provide the best quality service in US.

         it is a car insurane company.

         

    

 

Business news on 1st of October

Nokia to cut another 3,500 jobs and close a factory

Mobile phone giant Nokia is to cut 3,500 jobs and close a plant in Romania as part of its restructuring plan.


              


                    Nokia said it would shut its plant in Cluj, Romania, and cut jobs in its location division, whose products include maps for mobile phones.(about end of 2011)

            "Nokia plans to close its manufacturing facilities in Cluj, Romania, by the end of 2011... and plans to close its (locations and commerce development) operations in Bonn, Germany and Malvern, US," by the end of next year


                         Nokia's statement said the company would look to "focus its feature phone manufacturing on those locations with optimal proximity to suppliers and key markets". 


             Some analysts interpreted this as a signal that Nokia could shift manufacturing to Asia.




 The firm made a net loss of 368m euros ($521m; £323m) in the three months to the end of June, compared with a profit of 227m euros a year earlier. Net sales fell by 7% to 9.3bn euros.

Nokia has lost ground to competitors such as Apple's iPhone and phones using Google's Android operating system.

Earlier this year, Nokia announced 7,000 job cuts worldwide - with 3,000 of the posts being transferred to consultancy group Accenture - as part of strategy to focus on smartphones.