Showing posts with label slump. Show all posts
Showing posts with label slump. Show all posts

Friday, November 16

Apple shares slump 4% to 5-month low

Reuters

SAN FRANCISCO - Shares of Apple Inc slid almost 4 percent on Wednesday to a five-month low, outpacing the U.S. stock market's post-U.S. election losses, and slipping into bearish territory.

Stock in the world's most valuable technology company has dropped more than 20 percent from a record high in September, entering what the market recognizes as bearish ground. It hit a low of $558.38 on Wednesday, before trading down 3.5 percent at $559.74 around midday.

While Apple shares have appreciated 38 percent so far this year, the company faces unprecedented competition during the crucial holiday season as rivals such as Microsoft, Samsung Electronics, Google and Amazon.com Inc challenge its dominance in smartphones and tablets.

The company saw its market share slide to 50 percent in the key tablet arena, while arch-foe Samsung more than doubled its share to 18.4 percent, according to research firm IDC.

Analysts say the company remains a solid long-term bet, but uncertainty persists in the near term after CEO Tim Cook ousted veteran mobile software chief Scott Forstall and the company failed to meet analysts' expectations on its latest quarterly results.

Tuesday, September 4

1,000 Suicides in connection with Britain's economic slump?

1,000 Suicides in connection with Britain's economic slump?

© Luke MacGregor / Reuters / Reuters, file

A man looks advertisement posted in the window of the recruitment agency in London on 14 March 2012. Britain's economy shrank in the last nine months and produces 4.5 percent less than before the economic crisis now.

LONDON--A painful economic recession, rising unemployment and biting austerity may have driven more than 1,000 people in the UK to commit suicide, according to a study published on Wednesday.

The study, a so-called time-trend analysis, that the expected if pre-recession trends have been continued, reflects the actual number of suicides compared to findings elsewhere in Europe, where suicides on the rise.

"This one murky memory after the euphoria of the Olympics from the challenges we face and those, the forthcoming," said David Stuckler, a sociologist at the University of Cambridge and the study led, published in the British medical journal (BMJ).

The analysis showed that between 2008 and 2010, 846 were more suicides among men in England as would have been expected if previous development continued and 155 more in women.

Between 2000 and 2010, each was 10 per cent increase in the number of unemployed with a 1.4 per cent increase in the number of male suicides per year, the study found.

The analysis used data from the national clinical health outcomes and database of the Office of national statistics.

Stuckler, who worked with researchers from Liverpool University and the London School of hygiene and tropical medicine, said while this kind of statistical analysis could not establish a causal link, the power of associations was strong. Its conclusions were reinforced by other indicators of rising mental health problems, stress and anxiety, he added.

Hundreds of anti-austerity have been an own memory of demonstrators in Greece. 77-Year-old former pharmacist himself killed before the Parliament in Athens. In a note he said Government his pension wiped out cuts and robbed him his would. ITV Martin Geissler reported.

He was also the study showed a small reduction in the number of suicides in 2010 that coincided with a slight increase in male employment.

A survey of 300 family doctors, published by the research group insight on Tuesday showed that 76 percent of those polled on the impact of the economic crisis, that they thought that it was said human nutrients leads to more fear, abortions and abuse made alcohol.

Data showed information that the number of prescriptions for antidepressants in England rose foregone by 9.1 percent in 2010 Centre for health and social care this month by the Government.

One in July published according to study by Stuckler, Europe-wide hot from 2007 to 2009 unemployment increased suicide rates such as the financial crisis and drove and pushed income.

The countries that the worst of a severe economic downturn, such as Greece and Ireland taken saw the dramatic rise of suicides.

In the UK, there is little doubt that got harder times. The economy shrank in the last nine months and produces 4.5 percent less than before the economic crisis now.

Britain has fought, find a way to recover from a deep double dip recession. Recovery could be awakened by the Olympic Games? NBC's Stephanie Gosk reports.

Public debt is well over 1 trillion pounds and will grow to be with austerity pushed by the Government over 90 percent of GDP.

Many British living standards for 40 years and the crisis hard, had the worst squeeze young people with over 20 percent rising youth unemployment has hit.

'Income, status, meaning'
Stuckler of BMJ study found that the number of unemployed men grew on average across the UK by 25.6 percent annually from 2008 to 2010 an increase linked to an annual increase in the male suicides of 3.6 percent.

"A lot of men's identity and purpose is tied up with a job. "It brings income, status, importance..." Stuckler, said in a telephone interview.

"And there is also a pattern in the United Kingdom, where men are three times more likely to suicide than women, while women tend to report much, become depressed and ask for help."

The World Health Organization estimates that every year almost 1 million people die by suicide-a rate of 16 per 100,000, or one every 40 seconds.

UN health body also estimated for every suicide, there are up to 20 attempted.

New figures published on Tuesday also showed that Europe is closer to recession, facing down pulled by the crippling debt problems 17 States that use the euro.

"In Greece get worse things." There is no future for the next few years, "says Christos Christoglou, a Greek inspection engineer who moved to Germany, to find work."

Eurostat, statistics agency of Europe, said that the economies of the euro area and the European Union with 27 countries, a quarterly rate of 0.2 per cent decline in the second quarter of the year. The output for both regions was flat in the first quarter.

"Cost-cutting measures send us into poverty,", said Armando Farias, Member of the Executive Committee of the Confederation of the Portuguese workers. "We need development and investment, and we can not get it in this way." We need to change path. Something needs to be done must quickly and easily. "

Reuters and associated press contributed to this report.

Saturday, February 4

Google shares slump after rare earnings miss

Shares of Google Inc fell 8 percent after the Internet giant posted a rare quarterly earnings miss and said money paid by marketers for its search ads decreased for the first time in two years.


The search giant underperformed on both revenue and earnings, despite record U.S. online commerce during the holiday season, prompting several brokerages to cut their price targets on the stock.


Google shares were down $50.77 at $588.80 in late morning trade on Friday on the Nasdaq. They had touched a low of $584.81. It was the stock's biggest percentage fall in 9 months.


About 5.2 million shares changes hands by 1120 ET, more than their daily average volume.


The broader Nasdaq composite index was down 0.25 percent.


Google executives blamed the decline in search ad rates on forex fluctuations and ad format changes but analysts wondered whether mobile advertising -- which has lower rates -- played a more important role than the company admitted.


The fall in cost per click (CPC) had led to a barrage of questions from analysts during the post-earnings conference call on Thursday.


The market needs to shift expectations to paid click growth and lower its estimates for CPC, Goldman Sachs analysts said in a note.


Google's heavy investments in mobile and social network initiatives -- to stave off competition from rivals Apple Inc and Facebook -- and its planned $12.5 billion acquisition of smartphone maker Motorola Mobility Holdings have also raised investors' concerns.


Larry Page, who took over as CEO in April, said in July that the company was moving to put "more wood behind fewer arrows."


Analysts said the company has seen growth in display advertising, its Android mobile platform and Google+.


Google+ -- its recently-launched social network -- has 90 million users now, up from 40 million three months ago.


Wall Street analysts called the selloff an overreaction; Barclays said it presents a buying opportunity.


"Don't judge a book by its cover," Goldman Sachs titled its research note on Google.


The company's core results were solid as paid click growth accelerated by more than a third, margins improved, and display and mobile businesses performed well, analysts said.


The acceleration in paid clicks suggests that underlying demand for Google ads is quite healthy across devices, JP Morgan said, adding Google is best-positioned for the shift to new media.


Goldman Sachs analysts said, "We expect the growth in mobile to be 146 percent in 2012 and represent 15 percent of gross sales as we exit fourth-quarter of 2012."


The company still has strong earnings power that will reappear during 2012, Canaccord Genuity said, reiterating its "buy" rating.


Barclays, Baird, Jefferies and JP Morgan also maintained their top ratings on the stock.


Copyright 2012 Thomson Reuters.

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