Hot News Around The World Headline Animator

https://hotworld2011.blogspot.com/p/blog-page.html

Online Vehicle Verification

https://hotworld2011.blogspot.com/p/blog-page.html

Share It Now.....

Showing posts with label Market News. Show all posts
Showing posts with label Market News. Show all posts

Tuesday, February 11, 2014

How to Block your Stolen Mobile Phone (Pakistan only)



Dear user know CPLC Karachi Help line no. changed new number is 021-35662222, 021-3563333 more info at website…
or
Police 15,
Best One you can also
pta block

call directly to PTA at the following number 0800-25625.

They will get some basic info and the IMEI number of your
lost mobile set. They will register IMEI (International Mobile Equipment Identity)
of your cell phone and will request all the mobile operators to block this IMEI on
their networks.
You can also fax your complaint to CPLC at 021-5683336 or can
send an email to PTA at imei@pta.gov.pk or visit the site which is www.cplc.org.pk
IMEI is a number which is unique to every GSM mobile phone. It is usually found
printed on or underneath the phone’s battery and warranty card. IMEI of any set
can also be found by dialing the sequence *#06# into the phone. The IMEI number
is used by the GSM network to identify valid devices and therefore can be used to
stop a stolen phone from accessing the network. For example, if a mobile phone is
stolen, the owner can call his/her network provider and instruct them to “block” the
phone using its IMEI number. This renders the phone useless, regardless of whether
the phone’s SIM is changed.


Related Links:
www.cplc.org.pk
www.cplc.org.pk/imei_form.php form to request
www.pta.gov.pk

Early Twitter Investor Chris Sacca Wins Crunchie For Angel Of The Year




In the year in which Twitter went public, it’s hard to bet against one of the company’s earliest and most influential investors. Which is why it shouldn’t come as a big surprise that Lowercase Capital founder Chris Sacca has won this year’s Crunchie for Angel of the Year.


Sacca put some of the earliest money into Twitter, betting on the micro-blogging platform during its Series A round of financing. But he was also instrumental in helping late-stage investors like JP Morgan and Rizvi Capital Management to accumulate a huge stake in the company through secondary sales, buying up shares from earlier investors and vested employees.
That proved to be a brilliant move, given the strength in Twitter’s stock since IPO. After pricing shares at $26, the stock popped to $45 by the end of its first day of trading. Its recent share decline notwithstanding, Twitter stock is still trading at about double its original listing price.
All of which is why Sacca edged out Baseline Ventures founder Steve Anderson, Harrison Metal founder Michael Dearing, former Square COO and current Khosla Ventures partner Keith Rabois, and AngelList founders Babak Nivi & Naval Ravikant in the category, which was presented by Google Ventures partner Kevin Rose and TechCrunch’s Josh Constine.
While Sacca’s win this year is mostly due to his involvement in Twitter, he hasn’t slowed down investing in hot startups since then. He was also an early investor in Uber, Twilio, and Instagram, for instance, and more recently put money into fancy coffee shop Blue Bottle Coffee and Ev Williams’ new publishing platform Medium.

US shifts Afghanistan exit plans



WASHINGTON—The U.S. military has revised plans to withdraw troops from Afghanistan to allow the White House to wait until President Hamid Karzai leaves office before completing a security pact and settling on a post-2014 U.S. troop presence, officials said.

The option for waiting reflects a growing belief in Washington that there is little chance of repairing relations with Mr. Karzai and getting him to sign the bilateral security agreement before elections scheduled for the spring.

"If he's not going to be part of the solution, we have to have a way to get past him," said a senior U.S. official. "It's a pragmatic recognition that clearly Karzai may not sign the BSA and that he doesn't represent the voice of the Afghan people."
The military plan is the most significant example to date of how the U.S. has sought to minimize its reliance on Mr. Karzai, whose refusal to sign the security agreement amid a flurry of anti-American statements has upset Washington policy makers. The White House has said Mr. Karzai's refusal has raised prospects that President Barack Obama will order a complete U.S. troop withdrawal this year. Afghan officials had no immediate comment.

Mr. Obama and Defense Secretary Chuck Hagel have signaled their displeasure with Mr. Karzai by limiting their contacts with him. The U.S. and Afghan leaders haven't held a videoconference call to discuss the war effort since the summer, officials said. Mr. Hagel visited Afghanistan in December but didn't meet Mr. Karzai. Susan Rice, Mr. Obama's national security adviser, had a frosty meeting with Mr. Karzai in Kabul in November.

The new message from the U.S. military amounts to an about-face from what some Pentagon leaders had been saying publicly for months.

In November, Mr. Hagel said that "we need to have that agreement signed by the end of the year," and added: "I think President Obama has been very clear on that, that he can't make any commitments or define any future role and troop numbers post 2014 until we have that."

Likewise, White House Press Secretary Jay Carney has said repeatedly in recent weeks that the U.S. wants the Afghanistan government to sign the security agreement in matter of "weeks."

Now U.S. military leaders say a further delay is less of a concern, from their perspective. "The real challenge for the BSA delay is not associated with military planning," one senior U.S. military official said.

Senior U.S. military and administration officials said the U.S. still feels a sense of urgency to get the security pact signed because of the implications for North Atlantic Treaty Organization partners who need more time to plan deployments. "The costs go up. The complications go up," one senior military official said.

To step up the pressure, officials said, Mr. Obama is expected to ask the military to initiate planning for a full troop withdrawal from Afghanistan if Mr. Karzai doesn't sign the security pact soon, most likely before a NATO summit in Brussels this month.

By scaling the drawdown to accommodate additional delays, U.S. military leaders wanted to make sure logistical hurdles wouldn't be the deciding factor for Mr. Obama if he decides to withdraw all U.S. troops from Afghanistan.

The revised drawdown schedule is based on a new plan the Pentagon presented to the White House in January that calls for keeping 10,000 U.S. troops in Afghanistan after 2014 at a limited number of bases. Military commanders say the force is needed to provide a stabilizing presence after this year's election. Military officials also believe a limited advisory mission will help maintain progress Afghan security forces made in recent years.

The Obama administration has been skeptical of the value of a long-term troop presence. The new military plan would draw down that 10,000-member force in two years, with the intent of being able to remove all American troops by the end of the Obama administration except for military personnel who would work in a defense office at the U.S. Embassy in Kabul.

Mr. Karzai, in refusing to sign the security pact, has said his successor should make the decision. The Afghan president has been playing what U.S. officials described as a "game of chicken" with the White House. "We're just pulling our car off the side of the road," a senior U.S. official said.

But even with additional time, officials said uncertainties remain. Voting is scheduled for April 5, but with no single candidate poised to get more than 50% of the vote, a second round looks likely. This means a new government is unlikely to take office before August.

Senior U.S. officials said the military's revised drawdown plan would allow the U.S. to wait until the end of summer, if not a bit longer, to begin a final pullout, if one is ordered.

Most of the main candidates have said they are in favor of a U.S. military presence in Afghanistan after 2014. Privately, so do some of Mr. Karzai's senior advisers. But many presidential contenders have become reluctant to openly back the BSA, say Afghan and Western officials, for fear this would alienate Mr. Karzai just as election campaigning gains steam.

Under the revised drawdown plan Gen. Joseph Dunford, the commander of U.S. and NATO forces in Afghanistan, put together in recent weeks, the U.S. military will have all equipment in place in Afghanistan by July to support a post-2014 force that includes 10,000 American troops, officials said.

The equipment is likely to include helicopters and limited numbers of mine-resistant troop transport vehicles. It would mainly be used to protect bases in the country that would be used for training and advising Afghan command units, and to house American spies and diplomats.

That means the Pentagon will go into the summer prepared to accommodate either outcome: a presidential decision to keep 10,000 troops in Afghanistan post-2014 or an order to pull all of the troops out by year-end, officials said.

The adjustments have the backing of Gen. Martin Dempsey, the chairman of the Joint Chiefs of Staff. A senior military official said Gen. Dempsey's goal was to provide "more decision space to policy makers."

The biggest challenge for the U.S. military would be closing big air bases like the one in Kandahar in southern Afghanistan. In the past, military officials estimated that it could take as long as 10 months to close such bases. But commanders now say they can do the job in less time.

While the U.S. military now believes it can wait until the summer—or longer—to decide on a post-2014 presence, other NATO allies have told the Pentagon that they are more concerned about further delays in getting a security agreement.

Unlike the U.S., these countries don't have the equipment and military capabilities needed to wait until the fall to make a final decision.

Rear Adm. John Kirby, the Pentagon's press secretary, said there has been no change in the Pentagon's position that the security accord should be signed "as soon as possible," adding, "Otherwise we are going to have to start planning for a complete withdrawal."

But a senior U.S. official said the goal is to provide the White House with the flexibility to wait out Mr. Karzai's term if he refuses to sign the agreement.

"Our job is to be able to provide options," the official said. "This maintains flexibility should Karzai take a pass on the BSA. But that is not the desired outcome."

Saturday, December 28, 2013

Beyonce's Surprise Album: What's The Verdict

 
 
 
On a single she previewed as part of a Pepsi ad earlier this year, Beyonce sang, "I'm a grown woman / I can do whatever I want."

The singer proved that on Friday when she released a surprise album with no fanfare.

Fans promptly lost it and the Internet was on the verge of exploding. Even fellow celebs seemed to have been left breathless.

Singer Katy Perry tweeted, "Don't talk to me today unless it's about @Beyonce THANX."

Added actress Abigail Breslin, "The new Beyonce album is so perfect wow."

The 14-track self-titled album was released exclusively on iTunes at midnight and had to be purchased in its totality. 

Singles will not be available for purchase until December 20. In addition to the songs, there are also 17 music videos.

Speaking to fans via a video on her official Facebook page, Beyonce called the project a "visual album" and said "I see music."

"It's more than just what I hear," she said. "When I'm connected to something, I immediately see a visual or a series of images that are tied to a feeling or an emotion, a memory from my childhood, thoughts about life, my dreams or my fantasies. And they're all connected to the music."

Her fifth studio album has been eagerly awaited since the success of "4," which was released in 2011. Over the past year she has hinted that something new was in the works and previewed singles including "Grown Woman," "Bow Down/I Been On" and "Standing on the Sun," which served as the soundtrack for her H&M fashion campaign.

The new album - which quickly shot to No. 1 on iTunes Friday - features collaborations with rapper Drake, singer Frank Ocean and author Chimamanda Ngozi Adichie and, of course, her husband, rapper Jay Z. Daughter Blue Ivy also makes a cameo.

The bold and innovative move was hailed by critics and fans. USA Today 's Korina Lopez wrote "It's a fully baked album, no filler remixes and re-released greatest hits. By sidestepping promotional blitz and gimmicks, this album could be her most personal yet."

According to Gerrick D. Kennedy of the Los Angeles Times, Beyonce, her producers and writers began work on the project last summer while they were all together in the Hamptons. The end result, Kennedy said, "is a striking collection of work that shows her torching the veil of her carefully crafted image."

"Songs on the album jump and dive between genres and are woven together with everything from spoken word and trap raps to the coos of her daughter Blue Ivy and vintage Destiny's Child footage," Kennedy wrote. "It's a lot to consume, but a revelatory look at the singer who has tirelessly calculated what she chooses to share (and it's not always much)."

Miles Marshall Lewis, the Arts & Culture editor for Ebony.com, writes that Beyonce has overshadowed some other big-name singers who have recently released new projects.

"Where pop stars are concerned, Beyoncé easily bests the latest from both Lady Gaga and Britney Spears, rivaling Justin Timberlake with a fraction of the media blitz (so far)," Lewis said. "Now that's a superpower."

For her part, Beyonce said in her video to fans that she was inspired by the legendary Michael Jackson.

"I remember watching 'Thriller' on TV with my family. It was an event, we all sat around the TV and now looking back, I am so happy I was born around that time," she said. "I miss that immersive experience."



Source : CNN

Thursday, December 26, 2013

'Dhoom: 3' on record breaking spree worldwide, collects Rs 233 crore in 5 days

Aamir Khan's latest release 'Dhoom: 3' has taken over the world by storm.





Bollywood icon Aamir Khan's latest release 'Dhoom: 3' has taken over the world by storm as the film has collected Rs. 233.57 crore worldwide as of Tuesday (december 24). Film critic Taran Adarsh tweeted: "Here's *Fri to Tue* total of #Dhoom3: India ₹ 149.46 cr + Overseas ₹ 84.11 cr [$ 13.11 mn +]. Worldwide total: ₹ 233.57 cr."

In India, Aamir Khan's 'Dhoom: 3', co-starring Katrina Kaif and Abhishek Bachchan, smashed the opening day and opening weekend collection records set by Shah Rukh Khan starrer 'Chennai Express' and Hrithik Roshan's 'Krrish 3'.

'Dhoom: 3' has also broken box office records in Pakistan. In the country's largest city of Karachi, 'Dhoom: 3's box office receipts from 56 screens on its opening day was around Rs 20 million shattering Pakistani film 'Waar's record of Rs 11.4 million on its opening day.

'Dhoom: 3' was released at a time when the screening of Indian movies has come under a cloud because of an order from the Lahore High Court barring the exhibition of "illegally" imported films.
The 'Dhoom: 3' craze in Karachi has reached such heights that multiplexes are running the film on all their screens and having five shows a day on one screen - something unheard of in the Pakistani film industry.

German parliament elects Merkel as chancellor for third term





BERLIN: Germany´s parliament elected Angela Merkel as chancellor for a third term Tuesday, ending nearly three months of uncertainty since elections that forced her to seek a ´grand coalition´ with her rivals.

Merkel, who is now set to govern Europe´s top economy for another four years, was re-elected by 462 members of the Bundestag lower house of parliament, with 150 voting against and nine abstentions

Jimmy Carter calls for elections, peacekeepers in Syria




WASHINGTON: Former US president Jimmy Carter on Monday proposed three principles as a basis for Syria peace talks in Geneva: free elections, respect for their results and the deployment of peacekeepers.



Syria peace talks are set to begin in Switzerland on Jan 22, though the full list of participants is still unclear.
The talks have gone nowhere up to now because each belligerent “has been allowed to define the preconditions for negotiations,” Carter, who won the 2002 Nobel Peace Prize, wrote in an opinion piece in the Washington Post.
While President Bashar al-Assad considers his opponents terrorists and will not talk until they lay down their arms, the fractured opposition is demanding a full regime change, giving Assad no incentive to bargain.
“No one can win this war,” argued Carter in an article co-written with American University professor Robert Pastor.
“It is clear that the parties think they cannot afford to lose because they fear annihilation and this explains why the war will keep going unless the international community imposes a legitimate alternative.”
UN envoys Kofi Annan and Lakhdar Brahimi “have not been permitted to use their negotiating skills because the principal actors insist on preconditions of victory rather than mutual accommodation essential to bringing the war to an end,” argued the authors.
“These preconditions aim to win an unwinnable war rather than to forge an imperfect peace.”
Carter and Pastor propose basing the Geneva talks on letting the Syrian people decide on their future government in a free election closely monitored by international observers; an assurance that the victors will respect sectarian and minority groups; and the deployment of “a robust peacekeeping force” to make sure those goals are achieved.
Russia and the United States would need to agree to this approach, Iran “and other regional powers” would have to stop supporting their proxies, and the United Nations would have to make peace in Syria “a top priority”.
Unless these “difficult steps” are taken, Carter and Pastor warned, “the war may very well go on for another decade and likely create a wider circle of destruction and death”.
Carter was US president from 1977 to 1981, and his Atlanta-based Carter Center focuses on human rights and democracy around the world. Pastor, who served on the National Security Council under Carter, is the senior Carter Center conflict resolution advisor.

Sunday, April 28, 2013

Samsung's new Galaxy S4 hits supply snags in US




SAN FRANCISCO, Wed Apr 24, 2013 - Supply issues have snarled the US rollout of Samsung Electronics Co Ltd's latest flagship smartphone, which will go on sale at carriers Sprint and T-Mobile later than expected, the wireless service providers said on Wednesday.
Samsung attributed the disruption to unexpectedly strong demand for the Galaxy S4, the South Korean company's direct challenge to Apple Inc's iPhone.
"Due to overwhelming global demand of Galaxy S4, the initial supply may be limited. We expect to fulfill inventory to meet demands in the coming weeks," the company said in a statement.
At T-Mobile, online orders will now begin April 29 instead of Wednesday as initially planned because of "an unexpected delay with inventory deliveries." Sprint will take online orders starting Saturday as planned, but the phone will be sold at retail outlets only as it becomes available.
"We had planned to launch this next generation of the award-winning Samsung Galaxy line-up on Saturday," Sprint said in a statement. "Unfortunately, due to unexpected inventory challenges from Samsung, we will be slightly delayed with our full product launch."
AT&T, on the other hand, said everything was on track and the S4 would go on sale this Saturday as planned.
"Demand is far stronger than we had expected and as a result we are having difficulties in fully meeting initial supply requests," Lee Don-joo, head of sales and marketing at Samsung's mobile business, told reporters in Seoul.
He said the global launch would go ahead as planned on Saturday with carriers which had agreed to receive the initial supply. The phones would be shipped to other operators once network tests had been completed.
News of the patchy rollout came a day after Samsung, in one of its signature marketing strategies, took out an eight-page, full-color insert in the Wall Street Journal heralding the arrival of the device.
And by early summer, it will have set up Samsung "Experience" stores in about 1,400 Best Buy locations, designed to showcase its line-up of mobile and other electronics devices.
It was unclear what specific issues Samsung had encountered with the Galaxy S4 debut.
Supply shortages often plague the global launches of popular smartphones. iPhone buyers once routinely waited weeks or even months to receive their purchases.
Samsung's "S" line of smartphones spearheaded its assault against Apple in past years and was instrumental in helping the company claim top-spot in the global smartphone market.
The new S4, which sports a host of software-enabled features, is seen as stealing a headstart on what's widely expected to be an upgraded iPhone later this year. But the phone, which Samsung has said will be available in over 150 countries by the end of April, has drawn mixed reviews so far.
The Wall Street Journal's Walt Mossberg, a widely followed gadget impresario, said the S4 was a good phone, just not a great one.
Industry watchers have said the success of the S4 could hinge on a supply back-up plan aimed at preventing a repeat of costly problems encountered in the launch of its premium smartphone last year.
Some analysts predict the new Galaxy could top 10 million unit sales in the first month after its launch, so any hiccups in the smooth delivery of core components could be disastrous.
The risks are high. A simple manufacturing error involving unsatisfactory design of handset cases cost Samsung 2 million units of lost sales in just a month after it launched the S III in May last year.
Shares in Samsung fell 0.5 percent in early Asian trade, lagging a 0.4 percent gain in the wider market.

Apple to dole out $100B to shareholders



NEW YORK – Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first decline in many years.
Apple CEO Tim Cook also suggested that the company won’t release any new products until the fall, contrary to expectations that there would be a new iPhone and iPads out this summer.
Apple Inc. on Tuesday said it will expand its share buyback program to $60 billion – the largest buyback authorization in history. It is also raising its dividend by 15 percent from $2.65 to $3.05 per share. That equates to a dividend yield of 3 percent at current stock prices. The average yield for the 20 largest dividend-paying companies in the US is 3.1 percent, according to Standard & Poor’s.
Investors have been clamoring for Apple to give them access to its cash hoard, which ended March at an unprecedented $145 billion. Apple’s tight grip on its cash, along with the lack of ground-breaking new products has been blamed for the steep decline in its stock price over the winter.
News of the cash bonanza coincided with the company’s release of a poor quarterly outlook for the three-month period that ends in June.
Apple released its fiscal second quarter earnings after the stock market closed Tuesday. The company’s stock initially rose 5 percent to $425 in extended trading, then retreated $2.63, or 0.7 percent, to $403.50 as the CEO talked about new products arriving in the fall.
The shares are still down 40 percent from a peak of $705.07 hit on Sept. 21, when the iPhone 5 went on sale.
“The decline in Apple’s stock price over the last couple of quarters has been very frustrating for all of us … but we’ll continue to do what we do best,” CEO Tim Cook said on a conference call with analysts after the release of the results. But he reinforced that the company’s job is not to boost its stock price in the short term.
“The most important objective for Apple will always be creating innovative products,” he added.
Apple’s results beat the consensus estimate of analysts who follow the company, though it posted its first profit decline in ten years.
Net income was $9.5 billion, or $10.09 per share, down 18 percent from $11.6 billion, or $12.30 per share, in the same period a year ago.
Revenue was $43.6 billion, up 11 percent from last year’s $39.2 billion.
Analysts were expecting earnings of $9.97 per share on revenue of $42.3 billion, according to FactSet.
For the quarter that just started, Apple said it expects sales of $33.5 billion to $35.5 billion. In the same quarter last year, sales were $35 billion. Wall Street was expecting sales of $38 billion.
The June quarter is generally a weak one for Apple, since consumers tend to wait for the next iPhone, which the company usually releases in the fall. But a year-over-year decline is a signal that Apple is failing to capitalize on the continued growth of smartphone sales. Sales are tapering off in US and other mature markets, and not many consumers in India and China can afford iPhones.
“Our fiscal 2012 results were incredibly strong and that’s making comparisons very difficult this year,” said Cook.
Apple shipped 37.4 million iPhones in the latest quarter, up 7 percent from a year ago. That confounded expectations that shipments might fall, but it was still a weak number compared to many previous quarters, when shipments doubled year over year. The average wholesale price of an iPhone also fell to $613 as Apple cut the price of its oldest model, the iPhone 4, to appeal to buyers in developing countries.
Apple started paying a dividend last summer and has been buying back a modest number of shares, enough to balance the dilution created by its employee stock option program but not to make a dent in its cash pile. The company says it’s now expanding the buybacks, which started in October and are set to run till the end of 2015, from $10 billion to $60 billion. It’s raising the quarterly dividend starting with the payment due May 16.
The company has faced continued pressure from Wall Street over the use of its cash, which earns less than 1 percent in interest. Investors reason that if the company has no better use for the money, it should be handing it over to shareholders. The company had said it was considering ways to use the money, and this year engaged in a public debate with a hedge fund manager who wanted it to institute a new class of shares to attract dividend-loving investors.
Paradoxically, cash-flush Apple will be borrowing money to support the buybacks and dividends. That’s because two-thirds of its cash resides in overseas accounts. It doesn’t bring the money into the US because it prefers not to pay US corporate income taxes on it. Instead, it will be using cash from US-derived revenue and US accounts, plus borrowed money.
Apple is effectively betting that the US federal corporate tax rate of 35 percent – one of the highest in the world – will come down in the future, or that there will be a tax repatriation amnesty period, as there was in 2004.

Exclusive: Verizon eyes roughly $100 billion bid for Verizon Wireless stake



NEW YORK, Thu Apr 25, 2013 - Verizon Communications Inc has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from joint venture partner Vodafone Group Plc, two people familiar with the matter said on Wednesday.
Verizon, which already owns 55 percent of Verizon Wireless, has not yet put forward a proposal to Vodafone but it has hired both banking and legal advisers for a possible bid, the sources said.
Verizon hopes to start discussions with Vodafone soon for a friendly deal but is prepared to take a bid public if the British company does not engage in talks, one of the sources added.
There are no guarantees that Vodafone will be interested in a deal or that any bid will materialize, the sources said.
Over the past decade, Verizon has made little secret of its wish to buy out its British partner from the joint venture, which is the No.1 US wireless carrier. The sources said that Verizon is ready to push aggressively for a deal.
Verizon, benefiting from record low interest rates as well as its own strong stock price, is confident that the company can raise about $50 billion of bank financing, the sources said. It plans to pay for the rest of the deal with its own shares, they added. The sources asked not to be named because the discussions are confidential.
Verizon's board is expected to discuss details of a potential Verizon Wireless buyout next week at a scheduled meeting which will be held ahead of the company's annual shareholder meeting, one of the sources said.
Verizon spokesman Bob Varettoni declined to comment, but pointed to the US telephone company's statement earlier this month, in which it said it would be a willing buyer of Vodafone's share of their Verizon Wireless venture.
Verizon Wireless and Vodafone were not immediately available for comment late on Wednesday.
The Verizon Wireless stake makes up about two-thirds of Vodafone's market capitalization at the valuation being contemplated. The business also gives Vodafone exposure to the booming US market. But Vodafone has been exploring what to do with its stake as Chief Executive Vittorio Colao streamlines a company built on the foundations of aggressive expansion.
Analysts have said a sale of the Verizon Wireless stake would enable Vodafone to return cash to shareholders, purchase fixed-line assets in Europe or potentially make the company an attractive takeover target for other telecom giants such as AT&T Inc.
For Verizon Communications, which relies on the Verizon Wireless operations for growth, taking full ownership would give it much more flexibility as a result of the cash generated from the wireless business.
New Street analyst Jonathan Chaplin said he expected Vodafone to demand more, but $100 billion was a good starting point.
"This is a good time for both sides to think seriously about a transaction. Vodafone's probably never going to get a better multiple than now," Chaplin said. "The growth rate (for Verizon Wireless) probably has to slow over time particularly as Sprint and T-Mobile USA and AT&T improve."
Verizon came close to doing a deal in 2004, when Vodafone tried to buy AT&T Wireless but lost the auction to Cingular. That deal would have allowed Vodafone to bring its brand across the Atlantic and would have required it to sell its 45 percent stake in Verizon Wireless.
If a deal were to happen now, it would come at a time when the telecommunications industry has recently seen a fresh round of consolidation attempts. MetroPCS Communications Inc shareholders voted on Wednesday to approve a merger with No.4 US wireless service provider T-Mobile USA, a unit of Deutsche Telekom AG.
The merger came after Deutsche Telekom's 2011 effort to sell T-Mobile to AT&T for $39 billion got blocked by US antitrust regulators. Verizon would be unlikely to face similar obstacles in a Verizon Wireless buyout.
Meanwhile, Dish Network Corp, the No.2 US satellite TV provider, last week offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, challenging a proposed deal between Sprint and Japan's SoftBank Corp.
TAX STRUCTURE
One of the main obstacles to a deal so far has been the expectation that Vodafone could incur a tax bill of around $20 billion if it sells its holding, meaning Verizon would have to pay a high price to make it worthwhile for the British company.
But the sources said any deal would be structured to result in an eventual tax bill that would likely be $5 billion or less.
Under the plan, Verizon would buy Vodafone's US holding company that owns the British group's Verizon Wireless interest as well as some other assets in countries such as Germany and Spain, the sources said. That structure would allow Verizon to take advantage of a provision in British tax law called substantial shareholder exemption, they said.
The exemption applies under certain conditions for capital gains realized from the sale of stock in companies in which the seller owns at least 10 percent of the stock and has owned that amount of stock for at least a year, according to Robert Willens, a New York accounting and tax expert and a professor at Columbia Business School.

iTunes celebrates a decade, faces new challenges




NEW YORK - When Apple launched its iTunes music store a decade ago amid the ashes of Napster, the music industry - reeling from the effects of online piracy - was anxious to see how the new music service would shake out.
"The sky was falling, and iTunes provided a place where we were going to monetize music and in theory stem the tide of piracy. So, it was certainly a solution for the time," said Michael McDonald, who co-founded ATO Records with Dave Matthews and whose Mick Management roster includes John Mayer and Ray LaMontagne.
The iTunes music store became much more than a solution; it changed how we consume music and access entertainment. It's not only music's biggest retailer, it also dominates the digital video market, capturing 67 percent of the TV show sale market and 65 percent of the movie sale market, according to information company NPD group. Its apps are the most profitable, it has expanded to books and magazines, and it is now available in 119 countries. This week, iTunes posted a record $2.4 billion in revenue in first-quarter earnings.
"They revolutionized the retail landscape by making a truly interactive and very user-friendly space and platform, and they managed to do it by keeping a great music experience attached to what was very difficult technology," said Scott Borchetta, head of Big Machine Records, home to Taylor Swift, Tim McGraw and Rascal Flatts. "They made it very easy to buy music digitally, and that's why I think they've run so quickly in the lead for that space and continue to dominate the space."
But as iTunes celebrates its 10-year mark Sunday, it faces renewed scrutiny on how it will continue to dominate in the next decade - or whether it can. With competition from subscription services like Spotify and other services like Amazon.com, Netflix, Hulu and others, iTunes will likely need to reinvent itself to remain at the top of the digital entertainment perch.
Apple Inc.'s Eddy Cue, senior vice president of Internet software and services, refused to comment on reports that the company will launch a radio service or some other service to compete with Spotify.
"We've been able to add and expand and do a lot of things to make the product even that much better," said Cue, who was integral to the creation of iTunes. "Why it's going to be great for the next 10 years is because people still want access and want more of what's available today."
At first only available to Mac users, iTunes debuted two years after Apple's groundbreaking iPod. With a catalog of 200,000 songs - compared with tens and tens of millions of songs available today - iTunes entered an industry being upended by illegal downloading yet still skeptical of the new music store.
There were more than grumbles when Apple co-founder Steve Jobs set parameters making all songs available at a cap of 99 cents (today, songs can cost up to $1.29) and giving listeners more control of what they could do with music collection in terms of portability and ownership.
"In the case of the labels, we felt and we were able to convince them that we had a business proposition that would be better for them in the long term, and gave them an opportunity to compete with piracy," Cue recalled.
"So our message to them was the only way to beat piracy wasn't lawsuits or TV ads or anything, but to actually offer what was available through piracy and people would actually pay for it if you did that. So we had to get them to all agree. As part of that, you had to get them to agree to all of the same rights."
Some in the industry grumbled about having to accept Jobs' rules; some still do (while digital sales rise, album sales have decreased and the industry's profits have continued to drop over the decade).
"To me, it's been one of the biggest assets to the music business in the last 10 years, but you'll hear from the labels that Steve Jobs ruined the music business," McDonald said.
"But to me, it's allowed a place to expose artists who are gaining popularity in all genres, and although it has impacted the album sales, I think it has become a real barometer of what's good and what's popular," he said. "Singles artists aren't selling albums. Well, they never should have. But album artists continue to sell albums. If anything, it's given a revenue stream to what would have been the Wild West."
Lady Antebellum's entire career has been in the iTunes era, and it's a key part of their sales. "We found out that ... just around 20 percent of our sales is iTunes," said Charles Kelley. "iTunes is just something we've always embraced."
iTunes "changed the music industry completely" and "gave people the power as opposed to record companies the power, in a way," said singer-actress Jennifer Lopez.
"It has its pros and cons, I think, for artists," she said. "I'm an artist, so I look at it from an artist point of view. But we're in a new age. It's like anything else. You've got to accept it."
That new age includes the growing popularity of services like Spotify and Rdio, where listeners can stream music for free and can pay a set price to listen and collect songs. Industry watchers have heard rumors that an iRadio could be launched that would be something like Pandora, the popular Internet radio site.

Germans fascinated by Nazi era eight decades later



BERLIN: An exhibition chronicling the Nazi party’s rise to power draws tens of thousands of visitors.
Millions of TV viewers tune in to watch a drama about the Third Reich. A satirical novel in which Hitler pops up in modern Berlin becomes an overnight bestseller.
German interest in the darkest chapter of their history seems stronger than it has ever been as the country marks several key anniversaries this year linked to the Nazi era.
On TV talk shows, in newspapers and online, people endlessly debate the Nazi era – from what their own grandparents did and saw, to how the regime’s legacy constrains German peacekeepers on overseas missions today, or why unemployed Greek and Spanish protesters lampoon Chancellor Angela Merkel as a new Hitler.
Next month, Germans will also be painfully reminded that the Nazis can still pose a threat today, when a young woman allegedly inspired by Hitler’s ideology goes on trial over a spate of racist murders committed since 2000.
“The interest (in the Nazis) is especially visible just now because of the anniversaries,” said historian Arnd Bauerkaemper.
January marked 80 years since Hitler became chancellor, May will see the 80th anniversary of the Nazis’ symbolic burning of books they considered “un-German” and November the 75th anniversary of the ‘Kristallnacht’ pogrom against German Jews.
Adding urgency to the commemorations is the realisation that the war generation is dying off and young people interested in what happened often have to seek information from other sources.
“Like the undead the demons keep coming back to life from the darkness of abstract history,” said the Spiegel weekly in one of its numerous recent articles on the Nazi era.
“It’s never over,” was the Frankfurter Allgemeine Zeitung’s headline on an interview with Nico Hofmann, producer of a three-part TV drama about five young Germans in 1941-45, “Unsere Muetter, unsere Vaeter” (Our Mothers, Our Fathers). The film drew more than seven million viewers when it aired in March.
GETTING PERSONAL:
Hofmann said he produced the series partly for his own father, who volunteered to join Hitler’s army aged 18.
The focus on individual stories is typical of the current interest in the 1930s and 1940s, said Bauerkaemper.
“This personalised drama really struck a chord, especially among young people who asked themselves how they would have coped if they had been alive at that terrible time,” he said.
The TV series does not shy away from depicting the cruelty of the war or German guilt – prompting Bild to ask: “Were German soldiers really so brutal?” It also drew criticism from Russia and Poland, showing how sensitivity lingers seven decades on.
The Polish ambassador complained it showed Polish resistance fighters as anti-Semites. About a fifth of Poland’s population, including most of its Jews, perished under Nazi occupation.
With his novel “Er ist wieder da” (He is Back), Timur Vermes taps into the perennial fascination with the personality of Adolf Hitler. It has sold more than 400,000 copies, is being translated into other languages and is being made into a movie.
The striking cover compresses the title into the shape of Hitler’s trademark square moustache and the book sells for 19.33 euros ($25.14), a cheeky reference to the year the Nazis came to power.
In the novel, Hitler wakes up in 2011 to become a celebrity on German-Turkish TV and launch a new political career campaigning against speeding and dog muck on the pavements.
“I want to show that Hitler would have a chance to succeed today just as he did back then but in another way,” Vermes said, lambasting what he called German complacency about the Nazis.
“DIVERSITY DESTROYED”:
All year Berlin is staging exhibitions, plays, films, readings and other events under the rubric ‘Diversity Destroyed’ to commemorate the rich artistic and intellectual life of Weimar Germany destroyed by Hitler, and to provide glimpses into the life of ordinary people.
An exhibition in the German Historical Museum uses posters, newsreel, jazz, eyewitness accounts and artefacts from Nazi SS boots and pistols to ration cards to recreate the drama, horror and hopes of the time.
Curator Simone Erpel said over 40,000 people visited the exhibition in its first three months.
“This strong interest in the Nazis is not new, of course, but what is relatively new is the level of official backing for such exhibitions,” she said.
“It has become part of our common political culture to face the Nazi past. It is now very politically correct to remember the various victims, the Jews, the Roma, homosexuals, physically and mentally handicapped people and others,” Erpel said.
Information stands in the city recount episodes from the era and the stories of opponents of the regime like Albert Einstein, Marlene Dietrich and writers Thomas Mann and Bertold Brecht.
“The diversity of cosmopolitan Berlin in the 1920s and 1930s was destroyed by the National Socialists in a short period of time,” said Berlin’s openly gay mayor Klaus Wowereit.
“That we can claim today to have regained such a degree of diversity is not a foregone conclusion. It is an achievement on the part of our city that we must actively seek to preserve.”

Samsung to block access to app store in Iran



TEHRAN, Iran – Iranian users of Samsung mobile applications said Thursday that the company had notified them that they will no longer have access to the company’s online store as of May 22.
The move is seen as part of international sanctions on the country over its disputed nuclear program. The West has imposed banking and insurance sanctions on Iran since it suspects Iran is pursuing nuclear weapons, a charge Tehran denies.
At a Tehran shopping mall, owners of mobile phones and tablets said Thursday that they had received the message via email from the company late the night before. Retailers said they had no power over the decision.
“We have heard about it, but we are only responsible for hardware here, not software and apps,” shopkeeper Bijan Ashtiani said.
In the message, Samsung said that it cannot provide access to the store, known as Samsung Apps, in Iran because of “legal barriers.” It apologized to customers in emailed statement seen by the Associated Press on Thursday.
Samsung’s offices in Tehran could not be immediately reached for comment due to the weekend there, and its headquarters in South Korea did not immediately respond to a request.
The decision quickly provoked ire on social media.
“Samsung is to stop its apps in Iran, oh how we appreciate our officials,” wrote Bahareh, a Twitter user blaming Tehran’s policy. Another, named Armin, pointed at the technology giant itself, saying: “Now, Samsung’s sanctions honor us as well!”
Samsung spokesman Chris Jung in Seoul said the company is still looking into the matter and could not confirm any details.
Unlike Apple, Microsoft and Adobe, Samsung has provided localized services to Iranians in their native Persian language. In 2012, Finnish communications giant Nokia stopped its services in the country.

Facebook CEO reaped $2.3B gain on stock options


SAN FRANCISCO – Facebook CEO Mark Zuckerberg reaped a gain of nearly $2.3 billion last year when he exercised 60 million stock options just before the online social networking leader’s initial public offering.
The windfall detailed in regulatory documents filed Friday saddled Zuckerberg, 28, with a massive tax bill. He raised the money to pay it by selling 30.2 million Facebook Inc. shares for $38 apiece, or $1.1 billion, in the IPO.
Facebook’s stock hasn’t closed above $38 since the IPO was completed last May. The shares gained 71 cents Friday to close at $26.85.
The 29 percent decline from Facebook’s IPO price has cost Zuckerberg nearly $7 billion on paper, based on the 609.5 million shares of company stock that he owned as of March 31, according to the regulatory filing. His current stake is still worth $16.4 billion.
Zuckerberg, who started Facebook in his Harvard University dorm room in 2004, has indicated he has no immediate plans to sell more stock.
The exercise of Zuckerberg’s stock options and his subsequent sale of shares in the IPO had been previously disclosed. The proxy statement filed to announce Facebook’s June 11 shareholder meeting is the first time that the magnitude of Zuckerberg’s stock option gain had been quantified.
The proxy also revealed that Zuckerberg’s pay package last year rose 16 percent because of increased personal usage of jets chartered by the company as part of his security program.
Zuckerberg’s compensation last year totaled nearly $2 million, up from $1.7 million last year. Of those amounts, $1.2 million covered the costs of Zuckerberg’s personal air travel last year, up from $692,679 in 2011.
If not for the spike in travel costs, Zuckerberg’s pay would have declined by 17 percent. His salary and bonus totaled $769,306 last year versus $928,833 in 2011.
Zuckerberg will take a big pay cut this year. His annual salary has been reduced to $1 and he will no longer receive a bonus, according to Facebook’s filing. That puts Zuckerberg’s current cash compensation on the same level as Google CEO and co-founder Larry Page, whose stake in his company is worth about $20 billion.
The Associated Press formula for determining an executive’s total compensation calculates salary, bonuses, perquisites, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.
The AP formula does not count changes in the present value of pension benefits or stock option gains such as those recognized by Zuckerberg did last year.

For More Visit Now: Funfrooz.com
Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
Design by Khawaja Themes | Bloggerized by Khawaja interprises - http://hotworld2011.blogspot.com | Khawaja Group