Diberdayakan oleh Blogger.

Popular Posts Today

Average jobless numbers dip to record lows

Written By Unknown on Jumat, 09 Agustus 2013 | 16.30

An encouraging unemployment application report yesterday was cause for optimism as the four-week average for initial unemployment claims dropped to the lowest since November 2007, economists said.

The four-week average, seen as a more accurate number because it adjusts for week-to-week fluctuations, dropped 6,250 to 335,500 per week even though applications rose by 5,000 last week.

"It's obviously good news," said Elliot Winer, chief economist for the Northeast Economic Analysis Group.

"Ultimately I hope that would help us drop the unemployment rate."

Nigel Gault, co-chief economist for the Parthenon Group, said, "The suggestion from what's happening with the claims is very likely an improvement in job creation and we might see the July number get revised up."

Winer said it is hard to tell if the increase in the past week will be part of a trend or just a blip in the numbers.

"Hopefully the one-week spike isn't the end of the drop," Winer said.

Even if the next unemployment numbers improve, the types of jobs created will be significant.

Many of the jobs added in July were low-paying positions in retail and food services.

The positive numbers also could figure into the Federal Reserve's critical decision on whether to start tapering off its $85 billion bond-buying program in September.

"If they taper, they'll be doing it on the basis that the labor market is doing OK," Gault said.


16.30 | 0 komentar | Read More

South End renovation a Royal jewel

Considering the overall need for more housing in the city of Boston, it's no surprise that the new "Royal" building under development in the city's South End neighborhood at 407-409 Shawmut Ave. is already at 50 percent under agreement in just the first six weeks of going to market.

The Royal project is composed of two adjacent buildings — an 1892 insurance company building and a mid-1800s brownstone — combined into a single structure. The new development will have 12 units in total, most with two or 
three bedrooms.

Nine of the units have floor-through layouts with 1,600 to 2,500 square feet of living­ space. There are also two garden duplex units, each with 1,600 square feet, and one one-bedroom condo with about 900 square feet.

All of the units will have beautiful high ceilings throughout. One of the structures is a corner building, and the units located there will include 18 windows and 10-foot-high ceilings.

Bringing the buildings back to their original detail will be the architectural firm of Finegold Alexander & Associates, which is known for its historical renovations. In addition, the interiors will be designed by Terrat/Elms Interior Design.

Expect to see finish work that is very high-end. Master bathrooms will be all white with marble and glass tile, free-standing tubs and large showers. The guest bathrooms will be grey and silver in glass and ceramic tile with "dropped-in" tubs. The kitchens will have a combination of flat-front espresso-stained cabinetry along with Shaker-style light taupe painted cabinets. The appliance package includes Thermador wall-mounted ovens and integrated refrigerators and dishwashers. In addition to hardwood flooring throughout, all units will have high-velocity cooling and heating systems as well as tankless hot-water heaters.

Scheduled to be completed in the summer of 2014, the remaining six available units range in price from $1.2 million to $1.9 million with the exception of the one-bedroom space at $575,000.

As this development is still months away from viewing, all showings are scheduled 
through the Coldwell Banker office located at 137 Newbury Street, where finish boards and floor plans may be reviewed.

The project is being offered exclusively by Ricardo Rodriguez and Brian Kelley of Coldwell Banker Residential Brokerage. For more information or to schedule an appointment, 
Mr. Rodriguez may be reached at Ricardo.Rodriguez@NEMoves.com

Charlie Abrahams is a licensed real estate agent in Boston who works with buyers and sellers and can be reached for any additional information at Bostonreal­estate@charlie­ abrahams.com.


16.30 | 0 komentar | Read More

Tumblr founder to get $81M to remain at Yahoo

SAN FRANCISCO — Yahoo's recently completed acquisition of Internet blogging service Tumblr includes an $81 million payment to Tumblr founder David Karp as long as he remains on the job for the next four years.

The retention payment disclosed in a regulatory filing Thursday is part of the windfall that Karp and Tumblr investors realized by agreeing to sell the service for $1.1 billion in May.

Karp turned 27 last month. He started Tumblr in 2007, a few years after he dropped out of high school in New York to concentrate on computer programming.

Yahoo Inc. CEO Marissa Mayer has pledged not to make any dramatic changes at Tumblr in hopes that the acquisition won't alienate the blogging service's existing users, which includes a substantial number of teenagers and young adults.

As part of her promise "to not screw it up," Mayer is allowing Karp to run Tumblr independently in New York. Yahoo is based in Sunnyvale, Calif.

Karp is believed to own a 20 to 25 percent stake in Tumblr, which means he probably has already received a windfall, which hasn't been disclosed, from the sale to Yahoo. But he must stay at Tumblr until June 2017 under the provision disclosed Thursday to get the $81 million retention payment.

The payment will consist of $41 million in stock and $40 million in cash, according to Yahoo's filing. Another $29 million in stock options and restricted stock is being doled out to other unnamed Tumblr employees over four years.

The documents also disclosed that Yahoo paid a total of $44 million to buy six other companies during the three months ending in June. All told, Yahoo paid about $1.15 billion to buy 10 companies, including Tumblr, during the first half of the year.

Yahoo has bought several other startups since the end of June. The prices for those deals are likely to be disclosed in another regulatory filing in October and November.


16.30 | 0 komentar | Read More

Judge’s ruling may mean lower utility bills

Written By Unknown on Kamis, 08 Agustus 2013 | 16.30

Major electric companies may be forced to slash their rates by millions after a judge ruled the utility companies' rates too high, Attorney General Martha Coakley's office said yesterday.

The decision, handed down by an administrative law judge, could cut the rates Massachusetts bill-payers face by at least $50 million annually, with savings increasing to more than $70 million by 2017.

The decision would reduce the "return on equity" that utilities in New England — including Nstar and National Grid — can claim from ratepayers from 11.14 percent to 9.7 percent. ROE caps the percentage of profits utility companies can make, and allows rates to be adjusted to hit that target.

"This groundbreaking decision is a significant step toward bringing millions of dollars in relief to New England ratepayers who have been overcharged for years," Coakley said in a statement. In the original complaint, Coakley's office, along with utility regulators throughout New England, said the current ROE was unjust and unreasonable considering the current economic climate.

"National Grid continues to believe the existing ROE is just and reasonable," spokesman Fred Kuebler said. "By lowering ROE significantly, it could have an effect on how we invest in the infrastructure." He added National Grid will remain committed to providing the best service possible, regardless of the ultimate decision.

The decision would also retroactively lower that rate to 10.6 percent from October 2011 to December 31, 2012, although how this will be handled has not been determined.

The decision requires Federal Energy Regulatory Commission approval before it can take effect.


16.30 | 0 komentar | Read More

Race against casino clock

The clock's ticking on Suffolk Downs — once seen as having a lock on the Eastern Massachusetts casino license — as rival bids from Wynn Resorts and Foxwoods gain steam and City Hall cranks up the heat on the East Boston track to sign its proposed mitigation agreement.

"They can't wait much longer," said the Rev. Richard McGowan of Boston College.

"They really need to sign something so they can have the election, wherever it's going to be," he added, referring to the dispute over whether to hold a host community vote citywide or just in Eastie.

If Suffolk reaches an agreement with city officials, they have between 60 and 90 days to hold an election, but resort casino applications are due to the Massachusetts Gaming Commission by Dec. 31. Wynn Resorts already cruised to a referendum victory in Everett last month and Milford selectmen voted earlier this week to begin negotiations for an agreement with Foxwoods.

The Herald reported yesterday the city was turning up the pressure on Suffolk to ink a casino deal.

"We continue to have productive conversations with city officials and look forward to continuing our work with the mayor and his team," said John Payne, a Caesars executive who's overseeing the Suffolk project for the company.

"This is not about putting pressure or leverage," said Dot Joyce, spokeswoman for Mayor Thomas M. Menino. "This is about making sure the city has a contract and mitigation package that is right for Boston. We will do that with any proponent that's seeking to develop a casino in and around our city."

Casino critic and mayoral candidate Bill Walczak yesterday proposed East Boston as the next innovation district and told the Herald a casino there would be as devastating to growth as a prior proposal for a football stadium would have been to the Seaport District.

"People need to know what they're giving up by voting in a casino," he said.

Meanwhile, a spokesman for Plainridge Racecourse, disqualified from bidding for the state's sole slots parlor license this week, told the Herald "all options and alternatives are being explored" for the future of the racetrack, including leasing or selling the property to another applicant. Gaming Commission spokeswoman Elaine Driscoll said the commission would have to approve any arrangement between Plainridge and a slots applicant.


16.30 | 0 komentar | Read More

Six of 12 small cars do well in front crash tests

DETROIT — Six of 12 small cars performed well in front-end crash tests conducted by an insurance industry group, but some popular models fared poorly in the safety evaluations.

Only the two-door and four-door Honda Civic models earned the top rating of "good" in the tests done by the Insurance Institute for Highway Safety. The Dodge Dart, Ford Focus, Hyundai Elantra and the 2014 Scion tC got "acceptable" ratings.

But popular models such as the Chevrolet Cruze and Sonic and the Volkswagen Beetle got "marginal" ratings, while the Nissan Sentra and the Kia Soul and 2014 Kia Forte each were rated "poor."

The group didn't test the Toyota Corolla because a new version is coming out in the fall. The Corolla is the No. 2 selling small car in America, behind the Civic.

The IIHS ratings are influential because many auto shoppers find them while researching vehicles on the Internet.

The market for small cars is one of fastest-growing in the U.S. Automakers have made the cars quieter and more refined as people who want good gas mileage turn to compacts and subcompacts. So far this year, Americans have bought more than 1.8 million new small cars, up 12 percent over a year ago, according to Autodata Corp.

The cars were rated for their performance in the insurance institute's "small overlap" test of crashes that cover only 25 percent of a vehicle's front end. These tests, added to the IIHS's evaluations last year, are forcing automakers to bolster the front-end structure of all cars in order to avoid bad publicity from a poor performance.

The IIHS tests are more stringent than the U.S. government's full-width front crash test. The institute says that in many vehicles, a crash affecting one-quarter of the front end misses the main structures designed to absorb the impact. Yet such crashes account for nearly a quarter of the frontal collisions that cause serious or fatal injuries to people in the front seats, IIHS says.

The two Civic models and the Dart, Focus, Elantra and Scion tC each earned the IIHS' coveted "Top Safety Pick Plus" award for performing well in multiple tests, including the small offset crash. So far, 25 vehicles of all sizes have earned the award.

IIHS said that as a group, small cars performed worse than midsize cars, but better than small SUVs. Results for mini-cars will be released later in the year, the group said.

"Manufacturers need to focus on the whole package," David Zuby, the Institute's chief research officer, said in a statement. "That means a strong occupant compartment that resists the kinds of intrusion we see in a frontal crash like this, safety belts that prevent a driver from pitching too far forward and side curtain air bags to cushion a head at risk of hitting the dashboard or window frame."

Kia said in a statement that the IIHS test goes beyond U.S. government requirements and noted that the Soul and Forte received top safety ratings from the National Highway Traffic Safety Administration. Nissan said it will review the IIHS tests. The Sentra, it said, performed well in other IIHS tests.

GM, which makes Chevrolet, said it's working to improve the structure and restraints in its small cars where technically possible. Volkswagen said its cars exceed all federal safety standards.

Honda bolstered the Civic's front structure as part of a redesign late last year, said Karl Brauer, senior analyst at Kelley Blue Book. Some older models, such as the Cruze and Sonic, were designed before the test was announced.

A strong performance in the IIHS tests will help people feel safer when buying small cars, Brauer said in an email.

IIHS, a nonprofit research group funded by insurance companies, conducts its small offset test by crashing vehicles into fixed 5-foot-tall barrier at 40 mph to simulate collisions with a utility pole or tree. The institute gives vehicles demerits when the structure intrudes into the passenger compartment, or if a crash dummy suffers injuries to head, neck, chest or other parts of the body. The group also measures how well seat belts and air bags protect people. "Good" is the top rating, followed by "acceptable," then "marginal" and "poor."


16.30 | 0 komentar | Read More

Samsung seeks smart watch trademarks in US, SKorea

Written By Unknown on Rabu, 07 Agustus 2013 | 16.30

SEOUL, South Korea — Samsung Electronics Co. has applied for U.S. and South Korean trademarks for a watch that connects to the Internet in the latest sign that consumer technology companies see wearable devices as the future of their business.

Samsung described "Samsung Galaxy Gear" as a wearable digital electronic device in the form of a wristwatch, wrist band or bangle in its July 29 application with U.S. Patent and Trademark Office. A month earlier, it applied for a "Samsung Gear" trademark in South Korea.

The trademark applications did not show the shape of the products. But drawings from a Samsung design patent approved in May show a watch-like design with a flexible screen that curves around the wrist.

The U.S. trademark application said the device will be "capable of providing access to the Internet, for sending and receiving phone calls, electronic mails and messages" as well as "for keeping track of or managing personal information."

The trademark filings in the U.S. and in South Korea show that Samsung is deep in preparations for what tech industry experts expect will be a new generation of mobile technology that dramatically expands the utility of single-function objects such as watches and glasses. The South Korean consumer electronics giant was caught flatfooted by Apple's invention of the smartphone but through what turned out to be a legally risky strategy of imitation was able to capture a dominant share of the global smartphone market within a few years.

Apple Inc. applied June 3 for a trademark in Japan for "iWatch." Industry watchers have long speculated that Apple is working on a smart watch that uses a version of the operating system that powers the iPhone and iPad. The company has not confirmed those rumors but CEO Tim Cook has hinted it may be developing a wearable computing device.

Google Inc. is testing an early version of Internet-connected spectacles called Glass. It uses a small screen above the right eye that displays information and imagery retrieved from the Internet.

The South Korean patent office said the Gear trademark will not be approved this year as it takes seven to eight months to start reviewing applications due to a waiting list. Samsung applied for the South Korean trademark on June 21.

It was not clear if Samsung would use the "Samsung Gear" trademark for a Smart Watch. The trademark application covers 38 possible products including mobile telephones, bracelets, glasses and software interfaces that monitor human vital signs.

South Korea's patent office said in June that Samsung had patented watch designs in which more than three quarters of the device is covered by a flexible display that curves around the wrist. Illustrations showed 'back' and 'home' buttons at the bottom of the screen. Another illustration shows a rectangular screen with an edge that tapers toward the top.

The product is made of metal, synthetic and glass materials, Samsung's patent document said.

Samsung executive vice president Lee Young Hee said in March interview with Bloomberg that the company's mobile division has been working on a smart watch. Samsung declined to confirm the report then.

Company spokeswoman Chenny Kim declined to comment on the patent applications.


16.30 | 0 komentar | Read More

Oil price wavers but remains above $105

BANGKOK — Crude prices vacillated between gains and losses Wednesday as traders waited for the U.S. Energy Department to release its latest oil supply data.

Benchmark crude for September delivery was up 25 cents to $105.55 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.26, or 1.2 percent, to close at $105.30 on Tuesday.

Traders were waiting for the U.S. government's Energy Information Agency to release its weekly inventories report later Wednesday. Last week, crude supplies grew 400,000 barrels, or 0.1 percent, to 364.6 million barrels, which is 2.4 percent below year-ago levels.

The International Energy Agency and the Organization of Petroleum Exporting Countries will also release their latest assessments of energy markets, including forecasts for worldwide demand for oil. Analysts are anticipating some downward revisions, given a slowdown in China's economy.

The dollar, however, is underpinning oil prices. It has fallen into a 97-98 yen range, weaker than July when the greenback was worth about 100 yen. A weak dollar tends to boost commodities, which become more attractive investments for holders of other currencies.

"The dollar also not strong enough to suppress the interest in oil so that is why oil prices will hover around the current levels," said Kwong Man Bun, chief operating officer at KGI Securities in Hong Kong.

Brent crude, traded on the ICE Futures exchange in London, was down 21 cents at $107.97 a barrel.

In other energy futures trading on Nymex:

— Heating oil fell 0.2 cent to $3.006 a gallon.

— Natural gas fell 0.3 cent to $3.315 per 1,000 cubic feet.

— Wholesale gasoline fell 0.3 cent to $2.913 a gallon.


16.30 | 0 komentar | Read More

World stocks down, Fed official flags stimulus end

BANGKOK — World stock markets fell Wednesday, led by a plunge in Japan's benchmark index, as expectations mounted that the U.S. central bank will begin to phase out its monetary stimulus next month.

Positive U.S. trade data and comments by a Federal Reserve bank regional president increased speculation that the Fed could begin reducing its monthly $85 billion in asset purchases in September. The program has helped keep interest rates super-low in order to spur growth. But it also had the unintended effect of pushing up stock markets, where investors have fled in search of returns that outpace bonds.

Charles Evans, who votes on the Fed's policy as president of the Federal Reserve Bank of Chicago, told reporters Tuesday the Fed was "quite likely" to start reducing purchases this year and didn't rule out a decision being made at the Fed's next meeting in September. That is a sign that Fed officials believes the U.S. economy is strengthening.

On top of that, a sharp decline in the U.S. trade deficit for June suggested the U.S. economy grew this spring at a faster pace than previously estimated, helped by a record level of exports.

Those factors combined have led analysts to conclude that a reduction in the Fed's asset purchases will take place sooner rather than later, and that stock markets could be affected.

"In our view, this will continue to put a lid on risk appetite, at least until tapering actually begins," said Anthony Lam at Credit Agricole CIB said in a market commentary.

In early European trading, Britain's FSTE 100 fell 0.5 percent to 6,574.34 and Germany's DAX lost 0.6 percent to 8,250.52. France's CAC-40 fell 0.5 percent to 8,250.44. Futures augured a lower open on Wall Street. Dow Jones futures fell 0.5 percent to 15,404 while S&P 500 futures shed 0.5 percent to 1,686.30.

Japan's Nikkei 225 index suffered sharp losses, partly attributed to a rise in the yen. The benchmark closed 4 percent lower to 13,824.94.

South Korea's Kospi fell 1.5 percent to 1,878.33. Australia's S&P/ASX 200 shed 1.9 percent to 5,011.30. Hong Kong's Hang Seng was 1.5 percent down at 21,588.84 in the absence of fresh buying incentives.

"Investor interest will continue to focus on individual shares, which depend on corporate news such as results announcements and also on policy news," said Kwong Man Bun, chief operating office at KGI Securities in Hong Kong.

U.S. stocks closed lower Tuesday after retailers disappointed the market with weaker profit forecasts.

Benchmark oil for September delivery was down 13 cents to $105.18 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.26 to close at $105.30 a barrel on the Nymex on Tuesday.

In currencies, the euro fell to $1.3279 from $1.3311 late Tuesday. The dollar fell to 96.95 yen from 97.16 yen.


16.30 | 0 komentar | Read More

As with Amazon, Bezos may throw out the book

Written By Unknown on Selasa, 06 Agustus 2013 | 16.30

What could the billionaire founder and chief executive of Amazon.com possibly want with a dead-tree newspaper?

Jeff Bezos' historic 
$250 million acquisition of The Washington Post seems like a head-scratcher at first, but it's perfectly in line with what he's best known for: taking something old and dying, and turning it into something new and growing.

Why else would he have passed over the newspaper's online-only sister properties Slate.com and Root.com, along with Foreign Policy magazine? None of these three still toil in the world of newsprint and ink. It's that world that Bezos wants to disrupt (business lingo deems that a good word, by the way), just as he did the world of brick-and-mortar bookstores.

The good news for the Post is that Bezos — who has acquired the paper with his personal wealth, separate from Amazon — is unlikely to operate with a bean-counting mindset (but watch out, Marty Baron — he's reportedly a notorious micro-manager! The former Globe editor now heading the Post newsroom may be in for a daily earful). Bezos simply wouldn't be caught dead living in a world of annual layoffs punctuated by periodic buyouts and miscellaneous margin-driven cuts, as virtually all newspapers in America would concede as reality.

Though the Post will remain, at least for now, separate from Amazon, Bezos could easily team up the enterprises on projects, especially given the blind deference he commands from voting shareholders at his e-commerce powerhouse. Given that, I believe Bezos envisions his rein unfolding in three stages:

• Content: The Post is the ultimate content-generation organization, with its international reporting and home base in the capital. It is the perfect vehicle to produce exclusive material to feed into the Kindle e-reader ecosystem, which has struggled to compete with Apple.

• Delivery: Amazon's vision is to launch same-day delivery in every major city. From groceries to, yes, even your daily newspaper, Amazon wants to bring it to you.

• Expansion: If this is the start of cross-pollination between Amazon and the newspaper industry, the logical end result could be personally customized newspapers on demand to each Kindle.

Still, one can't ignore the Ghost of Partnerships Past. AOL was supposed to help reinvent the wheel at Time Warner Inc., and we all know how that story ends.

At Amazon, Bezos has had two main hallmarks: enchant and expand. Shareholders let him get away with razor-thin margins because they believe in his vision. And I can think of no industry in greater need of a visionary than newspapers.


16.30 | 0 komentar | Read More
techieblogger.com Techie Blogger Techie Blogger