Saturday, July 13, 2013

Infosys revives pursuit of outsourcing deals, retains revenue target

(Reuters) - Infosys, India's second-largest software services exporter, posted a 3.7 percent year-on-year increase in its first-quarter net profit, matching estimates, after contract wins and foreign exchange gains boosted earnings.

Consolidated net profit for the quarter ended June 30 rose to 23.74 billion rupees from 22.89 billion rupees in the same year-ago period, Bangalore-based Infosys said on Friday.

The profit compares with the 23.3 billion rupee average of 18 analyst estimates according to Thomson Reuters I/B/E/S for the company, whose customers include Bank of America, BT Group, Procter & Gamble Co and Volkswagen AG.

Infosys also maintained its forecast for 6-10 percent revenue growth for the current 2013/14 financial year.

(Reporting by Harichandan Arakali; writing by Aradhana Aravindan; editing by Miral Fahmy)

Source: http://news.yahoo.com/infosys-first-quarter-net-profit-3-7-percent-032802123.html

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15 Secrets to Cleaning Your Home in Half the Time

Speed-cleaning expert (and maid service owner) Debbie Sardone says that cutting your cleaning time in half starts with a system. That means cleaning the house in the same order every time: Working one room at a time, starting and finishing at the same spot in a room so that you don't waste time running back and forth.

"To get the time down, you have to be consistent?that's the whole premise," Sardone says. "You do the same thing every time you clean, so it is a routine. The routine is the method, and that is an inherently better way to clean because the speed comes from the method instead of from hurrying. You really can clean your house in half the time. It's not a gimmick."

Source: http://www.popularmechanics.com/home/improvement/interior/15-secrets-to-cleaning-your-home-in-half-the-time?src=rss

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Friday, July 12, 2013

Is Taper No Longer an Issue for Stocks?

Wednesday, July 10, 2013

Stocks are within striking distance of reclaiming the all-time high reached less than two months back, with the pullback resulting concerns that the Fed was getting ready to pare back its QE program. We will get more clarity on the Fed question this afternoon with the release of the minutes of the Fed?s June meeting. Also at play in today?s session are renewed concerns about China?s growth outlook after another weak economic reading ? this time about that country's exports.

The stock market?s ability to claw back its losses over the last few weeks despite the persistent rise in benchmark treasury yields, is very impressive. My sense is that these gains will prove sustainable only if they reflect investors? collective judgment that an improved economic outlook trumps less Fed QE and somewhat higher interest rates. But if the market?s gains reflect the hope that ?Tapering? was not imminent, then we may be at risk of giving all of these back in the coming days.

I continue to believe that U.S. economic outlook was stable enough to allow the Fed to start pulling back from its QE program later this year. A number of Fed officials went out of their way to dial back Bernanke?s fairly explicit pronouncements on the ?Taper? question. But the bond market got it right from the get go, pushing 10-year treasury yields by almost 100 basis points since early May. This afternoon?s minutes of the June FOMC meeting will likely confirm that Bernanke?s comments were more in-line with the emerging majority on the committee.

With respect to China?s growth outlook, Alcoa (AA) appeared to be reassuringly explicit in its earnings release on Monday, belying concerns raised by a host of weak economic readings in recent days. But today?s official export numbers run counter to Alcoa?s claims and raise further doubts about that country?s picture. The decline in Chinese exports in June, the first in a non-holiday month since late 2009, is likely not a one-off event and likely reflective of some loss of competitiveness for China?s export sector. Competitiveness has suffered to some extent relative to lower wage regional countries like Vietnam as a result of rising wages and unfavorable exchange rate movements. The continued economic problems in Europe also remain a headwind, as the more than 8% drop in exports to Europe reconfirm.

The China growth question magnifies similar concerns about the rest of the emerging world as the recent growth downgrade by the IMF shows. The China issue will figure prominently in the Yum Brand?s (YUM) earnings release later today as well, though YUM is dealing with a number of company-specific issues that are not directly tied to China?s growth outlook.

But the fact remains that a big part of the expected earnings growth in the second half of the 2013 and full year 2014 for the S&P 500 as a whole is contingent on improved economic growth beyond the U.S. borders. For context, keep in mind that consensus earnings expectations are looking for earnings growth to accelerate from the first-half 2013?s less than +3% pace to more than +9% rate in the second half and accelerate even further to more than +11% in 2014. With more than 40% of S&P 500 earnings coming from international markets, those growth expectations will likely need to be scaled back.

Sheraz Mian
Director of Research

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Source: http://news.yahoo.com/taper-no-longer-issue-stocks-133148423.html

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Wednesday, July 10, 2013

Play about American activist performed in Israel

JERUSALEM (AP) ? A one-woman play about an American activist who was crushed to death by an Israeli military bulldozer in Gaza is being performed for Hebrew-speaking audiences for the first time. Producers hope the show will force Israelis to confront an issue that, 10 years later, is still stirring passions.

Rachel Corrie was killed in 2003 as she attempted to block a bulldozer she believed was razing homes in the southern Gaza Strip. She has become a divisive figure since her death.

For pro-Palestinian activists, Corrie became a rallying cry and vivid image of what they say is Israel's harsh repression of the Palestinians.

Corrie belonged to the pro-Palestinian International Solidarity Movement, whose activists enter conflict zones and try to interfere with activities of Israel's military in the West Bank and Gaza, territories the Palestinians claim for their future state.

Many of the areas where they operate have been declared off-limits for civilians by the Israeli military, and most Israelis consider ISM activists like Corrie to be misguided, biased troublemakers and thrill seekers.

Israel captured the Gaza Strip, along with the West Bank, east Jerusalem and the Golan Heights, in the 1967 Mideast war. Israel withdrew from Gaza in 2005, two years after Corrie died.

"My Name is Rachel Corrie" was first staged in London in 2005 and has since courted controversy. A New York off-Broadway theater backed out of plans to stage the play in 2006, drawing charges of censorship from its creators. Performances in Toronto and Florida were canceled, reportedly after pressure from pro-Israel groups.

That drama has followed the play to Israel. The Hebrew version premiered briefly in March at a festival in Tel Aviv. On Sunday night, it opened at Jerusalem's Khan Theater. Both performances drew threats from politicians to cut the budgets of venues that stage the play.

Such opposition has not deterred the producers. They hope the Hebrew version will stimulate some introspection among audience members about Israel's activities in the Palestinian territories.

"(Israel) is the most natural place to hold the play. It's the most appropriate place, where the audience member gets an opportunity to ask himself how he leads his life and how the society he lives in makes decisions," said Ari Remez, the play's director. Remez said he hoped opening in Jerusalem, a city considered less open-minded than Tel Aviv, Israel's liberal cultural hub, would grant the play reach to a more diverse audience.

The play, a 90-minute monologue, was crafted from sections of diaries, letters and emails from Corrie's time in Gaza, along with childhood journals, to create a picture of a passionate and idealistic activist.

The play opened to a full house at the small theater in Jerusalem Sunday night.

Sivane Kretchner, the Israeli actress playing Corrie, flung a keffiyeh, a traditional Palestinian headscarf, around her neck as she delivered Corrie's mundane musings on daily life and grand epiphanies about the injustice she saw.

As the theater lights dimmed, the crackly voice of the bulldozer driver was heard communicating the incident over a military radio to his commander ? actual material that was used as evidence in a failed lawsuit by her family against the army.

The case has continued to attract attention in Israel through a civil suit her parents filed, two years after an internal army investigation ruled the death an accident and cleared the driver and other military personnel of any wrongdoing.

Last year, the court sided with the military.

Kretchner said she was moved by the English script and wanted to be part of the Hebrew version.

"I don't see Rachel Corrie as a controversial person," said Kretchner. "She had a beautiful soul, and she was able to look at something and say, this is right and this is wrong."

Corrie, who was 23, died during a Palestinian uprising, a time of heavy fighting between Israel and Palestinian militants. The Israeli army was undertaking systematic house demolitions in the densely populated, violent area along the Egyptian border, where Palestinian militants were using houses as end points for weapons smuggling tunnels. While witnesses and pro-Palestinian activists said Corrie was trying to block the bulldozer from flattening homes, an Israeli court said it was clearing rubble at the time of her death.

Since her death, Palestinians in the West Bank have named a street and a restaurant after her. An Arabic version of the play opened in 2008 and toured Israel and the West Bank.

Corrie's parents, Cindy and Craig, who have seen the play in Icelandic, French and Turkish, welcomed the Hebrew version.

"To have it shown in Hebrew in Jerusalem brings Rachel's story full circle," said Cindy Corrie from her home in Olympia, Wash. "It brings it to an audience that needs to hear Rachel's words, to hear what she had to say." Craig Corrie called it "moving."

Opponents of the performance said they didn't want public money to fund such an event.

"(Corrie) was a self-professed Israel hater, and I don't think we need to glorify her name and to make a play based on her and if we do, then it should be done with private funds," David Hadari, deputy mayor of Jerusalem, told The Associated Press. The theater is partly funded by the municipality.

Despite Hadari's appeal, the Jerusalem municipality approved the theater's funding last week. In a statement, Mayor Nir Barkat said, "The municipality of Jerusalem does not censor content shown in any artistic performance."

Those who attended the opening said it left a strong impression.

"This play shatters a mythos that we didn't want to see," said Moshe Levy, an audience member who lives in a West Bank settlement outside Jerusalem. "It breaks that glass through which we hide reality, this painful reality that we need to deal with."

___

Follow Tia Goldenberg on Twitter at www.twitter.com/tgoldenberg .

Source: http://news.yahoo.com/play-american-activist-performed-israel-071552385.html

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Welwyn Hatfield pair on bill with Tiesto at EDC London


Jaguar Skills Jaguar Skills

By Paul Christian, Chief reporter Monday, July 8, 2013
5:34 PM

TWO artists with Welwyn Hatfield links will appear on the bill of a huge one-day dance music extravaganza alongside legendary DJ Ti?sto and chart-botherer Avicii.

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For former WGC man and Monks Walk schoolboy, now anonymous dubstep and drum and bass sensation Jaguar Skills, and fellow dubstepper Flux Pavilion will be performing at the Electric Daisy Carnival (EDC), in London on July 20.

Masked musician Jaguar Skills told the Welwyn Hatfield Times: ?I?m extremely happy to have been asked to DJ at EDC, especially since I?m the first ninja from Welwyn Garden City to do so!

?Have no fear, I will represent Welwyn Garden City to the fullest!?

Flux Pavilion is a former University of Hertfordshire student and filmed the video for his hit Example collaboration ?Daydreamer? at the Hatfield-based site last year.

Also on the stellar international line-up is Dutch progressive and electro house DJ Hardwell and urban star MistaJam.

Hardwell said: ??Wow, what is there to say about EDC that the world doesn?t already know?

?[It is] a true action blockbuster of a festival.

?Being invited to play the first ever EDC in the UK is a real honour. I?ve played in the UK many times and each time the energy there has been insane, mix into that the jaw dropping production and setup of EDC and make no mistake this will be one of the go-to festivals of the year.?

And Nottingham-based MistaJam, real name Pete Dalton, added: ?Having seen how EDC in the USA has revolutionised the way our American cousins look at music festivals, I?m over the moon that not only will I be playing at the inaugural UK EDC but also that I get to bring my own Speakerbox stage to proceedings.

?As Speakerbox, and myself, are all about quality music regardless of genre, the line-up that I?ve worked hard with the EDC team to put together really reflects this and will be the icing on a very busy UK festival cake for me.?

The roaming festival recently left Las Vegas and is at London?s Queen Elizabeth Olympic Park, on July 20.

For more information visit the link at the top right of this web page.

Source: http://www.royston-crow.co.uk/welwyn_hatfield_pair_on_bill_with_tiesto_at_edc_london_1_2269848

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