Body Central Corp |
Trade Tips : Body Central Stock will see more downside later today as well as in next trading session. trader may buy it at the end of second trading session from now and expect a little bounce back.
Below is the press release from reuters:
"We continue to see softness in overall store sales trends through April," Chief Executive Allen Weinstein said.
The company expects second-quarter comparable store sales to fall 5 percent to 7 percent, compared with a 15 percent rise in the year-ago period.
The company said it expects to earn 26 to 28 cents per share, on revenue of $80 million to $82 million in the second quarter.
Analysts were expecting earnings of 36 cents a share on revenue of $86.6 million, according to Thomson Reuters I/B/E/S.
The company posted first-quarter results that met Wall Street view of 36 cents per share. Revenue was $82.7 million, slightly above analysts' average expectation of $82.1 million.
The company's shares were down $8.72 in after-market trade. They had closed at $28.92 on Thursday on the Nasdaq.
"We continue to see softness in overall store sales trends through April," Chief Executive Allen Weinstein said.
The company expects second-quarter comparable store sales to fall 5 percent to 7 percent, compared with a 15 percent rise in the year-ago period.
The company said it expects to earn 26 to 28 cents per share, on revenue of $80 million to $82 million in the second quarter.
Analysts were expecting earnings of 36 cents a share on revenue of $86.6 million, according to Thomson Reuters I/B/E/S.
The company posted first-quarter results that met Wall Street view of 36 cents per share. Revenue was $82.7 million, slightly above analysts' average expectation of $82.1 million.
The company's shares were down $8.72 in after-market trade. They had closed at $28.92 on Thursday on the Nasdaq.
Facebook Joins GNI, Declines Human Rights Auditing
Under pressure from lawmakers, Facebook has joined the Global Network Initiative (GNI) as an observer. The GNI is a mixed consortium of public, private, educational, and religious institutions that monitor Internet firms on free speech- and human rights-related issues. Facebook is the first organization to join under a special "observer" status that does not require them to submit to auditing. Yahoo, Google, and Microsoft, the three largest firms to participate in the GNI, all open their inner doings and records for examination. Facebook is believed to have joined in preparation for its upcoming IPO.
Nokia Hit With Class Action Suit by shareholders
Via TheNextWeb: Nokia is having a rough year. As the company struggles to regain lost smartphone marketshare in U.S. and Europe, shareholders just filed a class action suit against the company for misleading statements execs made in the last fiscal year about the future of the company and the move to the Windows Phone operating system. The trigger for this was the company's Q1 earnings in which Nokia did not reveal the turnaround that Nokia execs promised. Rather, the Lumia 900 was found to be faulty, forcing Nokia to severely cut its price.
George Mason University Heads Off Gang Recruitment With Computer Games
Via Fairfax News, Washington Post: Students at Virginia's George Mason University are creating computer games and mobile apps intended to educate middle schoolers and high schoolers and ward off gang recruitment. It's a partnership between the university's Computer Game Design program and the state attorney's office which advised the group through the app building process. Fairfax News had a peek at three completed games that the students created--“A Second Family," “Influenced,” and “New Kid on the Block,”--which will be made available online this summer. H/T The Verge.
SAMSUNG LAUNCHED GALAXY SIII SMARTPHONE, WILL IT CHALLENGE IPHONE FROM APPLE INC?
Samsung Electronics unveiled a new top-of-the-range Galaxy smartphone in London on Thursday, updating the most direct rival to Apple's iPhone with a larger touch screen and more powerful processor.
Under pressure from lawmakers, Facebook has joined the Global Network Initiative (GNI) as an observer. The GNI is a mixed consortium of public, private, educational, and religious institutions that monitor Internet firms on free speech- and human rights-related issues. Facebook is the first organization to join under a special "observer" status that does not require them to submit to auditing. Yahoo, Google, and Microsoft, the three largest firms to participate in the GNI, all open their inner doings and records for examination. Facebook is believed to have joined in preparation for its upcoming IPO.
Nokia Hit With Class Action Suit by shareholders
Via TheNextWeb: Nokia is having a rough year. As the company struggles to regain lost smartphone marketshare in U.S. and Europe, shareholders just filed a class action suit against the company for misleading statements execs made in the last fiscal year about the future of the company and the move to the Windows Phone operating system. The trigger for this was the company's Q1 earnings in which Nokia did not reveal the turnaround that Nokia execs promised. Rather, the Lumia 900 was found to be faulty, forcing Nokia to severely cut its price.
George Mason University Heads Off Gang Recruitment With Computer Games
Via Fairfax News, Washington Post: Students at Virginia's George Mason University are creating computer games and mobile apps intended to educate middle schoolers and high schoolers and ward off gang recruitment. It's a partnership between the university's Computer Game Design program and the state attorney's office which advised the group through the app building process. Fairfax News had a peek at three completed games that the students created--“A Second Family," “Influenced,” and “New Kid on the Block,”--which will be made available online this summer. H/T The Verge.
SAMSUNG LAUNCHED GALAXY SIII SMARTPHONE, WILL IT CHALLENGE IPHONE FROM APPLE INC?
Samsung Electronics unveiled a new top-of-the-range Galaxy smartphone in London on Thursday, updating the most direct rival to Apple's iPhone with a larger touch screen and more powerful processor.
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The Galaxy S III is official now. Samsung Electronics has unveiled its much-awaited third generation Galaxy S - the Galaxy S III. The smartphone is touted to recognise your voice, understands your intention, and lets you share a moment instantly and easily.
The phone features a 4.8 inch HD Super AMOLED display with a resolution of 1280 x 720 pixels. It has an 8 megapixel rear camera with flash and zero shutter lag and a 1.9 megapixel front camera, which are believed to offer users a wide variety of camera features and face recognition related options.
Weighing 133g, the phone is only 8.6 mm thick. The Samsung Galaxy S III runs Android 4.0, Ice Cream Sandwich, operating system. The new Galaxy will be powered by Samsung's quad-core microprocessor.
The Exynos 4 Quad, based on British chip designer ARM Holdings Cortex A9 technology, enables more tasks in a shorter period of time - for example streaming video can run on one core while the other cores update applications, connect to the web and scan virus-check, simultaneously.
The phone will come in three models - 16GB, 32GB and 64GB. The 64GB version is coming later, and the company says it will be available soon. The memory of the Galaxy S III is expandable up to 64GB, using a microSD card. The phone is engineered with a 2100 mAh battery.
The connectivity options icnlude WiFi a/b/g/n, NFC and Bluetooth 4.0(LE). Initially, the Galaxy S III will be available in Pebble Blue and Marble White. Samsung says to introduce a variety of additional color options later.
The Galaxy S III features 'S Voice,' the advanced natural language user interface, to listen and respond to your words. In addition, this feature is claimed to present powerful functions in regards to device control and commands. For instance, when your phone alarm goes off but you need a little extra rest, just tell the Galaxy S III "snooze." Also, you can use this feature to play your favorite songs, turn the volume up or down, send text messages and emails, organise your schedules, or automatically launch the camera and capture a photo.
Besides your voice, the phone understands your motions also. It has a "Direct call" feature, which means if you are messaging someone but decide to call them instead, simply lift your phone to your ear and "Direct call" will dial their number.
Moreover, the phone has another interesting feature - Smart alert. The phone is claimed to save you from trouble by catching any missed messages or calls; the phone will vibrate to notify missed statuses when picked up after being idle.
With the new "S Beam," the Galaxy S III expands upon Android Beam, thereby allows a 1GB movie file to be shared within three minutes and a 10MB music file within two seconds by simply touching another Galaxy S III phone, even without a Wi-Fi or cellular signal. Its "Buddy photo share" also allows photos to simultaneously shared with all your friends pictured in an image directly from the camera or the photo gallery.
It has much more to offer. With 'AllShare Cast,' users can wirelessly connect their Galaxy S III to their television to immediately transfer smartphone content onto a larger display.
With a view to ensure faster content sharing and connectivity, the smartphone offers Wi-Fi Channel Bonding which doubles the Wi-Fi bandwidth.
Samsung introduces 'Pop up play,' feature that allows users to play a video anywhere on the screen while simultaneously running other tasks. It eliminates the need to close and restart videos when checking new emails or surfing the Web.
The global version is said to support 21Mbps HSPA+, however certain local models will have 4G. The Galaxy S III 4G version will be available in North America, Japan, and Korea during this summer. The Galaxy S III will be launched in 145 countries.
The phone will be available from May 29 in Europe before rolling out to other markets globally.
The phone features a 4.8 inch HD Super AMOLED display with a resolution of 1280 x 720 pixels. It has an 8 megapixel rear camera with flash and zero shutter lag and a 1.9 megapixel front camera, which are believed to offer users a wide variety of camera features and face recognition related options.
Weighing 133g, the phone is only 8.6 mm thick. The Samsung Galaxy S III runs Android 4.0, Ice Cream Sandwich, operating system. The new Galaxy will be powered by Samsung's quad-core microprocessor.
The Exynos 4 Quad, based on British chip designer ARM Holdings Cortex A9 technology, enables more tasks in a shorter period of time - for example streaming video can run on one core while the other cores update applications, connect to the web and scan virus-check, simultaneously.
The phone will come in three models - 16GB, 32GB and 64GB. The 64GB version is coming later, and the company says it will be available soon. The memory of the Galaxy S III is expandable up to 64GB, using a microSD card. The phone is engineered with a 2100 mAh battery.
The connectivity options icnlude WiFi a/b/g/n, NFC and Bluetooth 4.0(LE). Initially, the Galaxy S III will be available in Pebble Blue and Marble White. Samsung says to introduce a variety of additional color options later.
The Galaxy S III features 'S Voice,' the advanced natural language user interface, to listen and respond to your words. In addition, this feature is claimed to present powerful functions in regards to device control and commands. For instance, when your phone alarm goes off but you need a little extra rest, just tell the Galaxy S III "snooze." Also, you can use this feature to play your favorite songs, turn the volume up or down, send text messages and emails, organise your schedules, or automatically launch the camera and capture a photo.
Besides your voice, the phone understands your motions also. It has a "Direct call" feature, which means if you are messaging someone but decide to call them instead, simply lift your phone to your ear and "Direct call" will dial their number.
Moreover, the phone has another interesting feature - Smart alert. The phone is claimed to save you from trouble by catching any missed messages or calls; the phone will vibrate to notify missed statuses when picked up after being idle.
With the new "S Beam," the Galaxy S III expands upon Android Beam, thereby allows a 1GB movie file to be shared within three minutes and a 10MB music file within two seconds by simply touching another Galaxy S III phone, even without a Wi-Fi or cellular signal. Its "Buddy photo share" also allows photos to simultaneously shared with all your friends pictured in an image directly from the camera or the photo gallery.
It has much more to offer. With 'AllShare Cast,' users can wirelessly connect their Galaxy S III to their television to immediately transfer smartphone content onto a larger display.
With a view to ensure faster content sharing and connectivity, the smartphone offers Wi-Fi Channel Bonding which doubles the Wi-Fi bandwidth.
Samsung introduces 'Pop up play,' feature that allows users to play a video anywhere on the screen while simultaneously running other tasks. It eliminates the need to close and restart videos when checking new emails or surfing the Web.
The global version is said to support 21Mbps HSPA+, however certain local models will have 4G. The Galaxy S III 4G version will be available in North America, Japan, and Korea during this summer. The Galaxy S III will be launched in 145 countries.
The phone will be available from May 29 in Europe before rolling out to other markets globally.
Samsung Electronics unveiled a new top-of-the-range Galaxy smartphone in London on Thursday, updating the most direct rival to Apple's iPhone with a larger touch screen and more powerful processor.
The new Galaxy S III smartphone displayed for attendees during the global launch event in London, U.K., on Thursday.
The South Korean technology group, which overtook Finnish company Nokia as the world's biggest cellphone maker earlier this year, said the new Galaxy SIII model would go on sale in some markets in late May and around the world from June.
Last week, Samsung reported a record $5.2 billion quarterly profit, boosted by Galaxy smartphone range whose sales outstripped the iPhone.
Samsung sold around 45 million smartphones in the first quarter and contributed most of its operating profit.
The new Galaxy SIII model will have a 4.8 inch touch screen, 8 megapixel camera and will use the latest version of Google's Android software.
Analysts said the expected massive marketing campaign and features of the handset - billed as the official smartphone of the London 2012 Olympics - were likely enough to generate strong sales, but the launch left many of them unexcited.
"It is not an eye-catching device that will overwhelm consumers," said IDC analyst Francisco Jeronimo.
The blue lights in the launch venue downtown London, echoing the cold rainy day outside, and the background sounds of nature, which Samsung said inspired the design, resulted in a fairly muted atmosphere in the room.
Won-Pyo Hong, head of product strategy at Samsung's mobile business, said it expected sales of the Galaxy SIII to outstrip predecessor SII's more than 20 million units."Definitely, we expect so. The level of interest from our partners has been bigger," Hong told Reuters in an interview. He said the marketing budget would also increase, even if brand awareness was already quite high."We need to spend more on marketing to address consumer interest and to meet requirements of our partners," he said.Analysts said the new device represented a formidable challenge to rivals, given a combination of the Galaxy brand, sales support from operators and heavy marketing."Samsung must make the most of a 4-5 month window of opportunity with the Galaxy SIII before Apple changes the game once more with its next generation iPhone," said Geoff Blaber, analyst at CCS Insight.The new Galaxy will be powered by Samsung's quad-core microprocessor, which the company hopes will also be used in handsets made by HTC and Motorola, as well as Apple, its biggest customer for components.The Exynos 4 Quad, based on British chip designer ARM Holdings Cortex A9 technology, enables more tasks in a shorter period of time - for example streaming video can run on one core while the other cores update applications, connect to the web and scan virus-check, simultaneously.
On Top of Smartphone WorldApple and Samsung's near duopoly in high-end smartphones was not expected to come under threat this year or next."Samsung is now the only company that can compete with Apple and challenge it in the smartphone segment," said IDC's Jeronimo.Samsung shares hit a lifetime high after its first-quarter results, pushing its market value to $190 billion, 11 times that of Japanese rival Sony, though still only a third of Apple's, the world's most valuable company.In stark contrast shares in Nokia, whose betting on a tie-up with Microsoft to revive its fortunes in the lucrative smartphone market, are at a 15-year low. Nokia said last month it would make a first-half loss as it struggles to revamp its product line.Technology research firm Ovum said in a note on Thursday it expected Microsoft to establish its Windows Phone as a relevant smartphone platform only by 2017.At its annual meeting on Thursday, Nokia's chairman-designate defended the group's turnaround strategy to investors losing patience with its efforts to catch up.
Facebook has finally decided to launch IPO with the price range between $ 28 to mid $ 35. World's largest social networking website will start trading on Nasdaq exchange on May 18, according to S-1 filing from the company
Facebook plans to raise as much as $12 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google and granting the world's largest social network a market value close to Amazon.com's.
The company also released video of its road show, set to start on Monday, online. (Click to watch the video.)
Facebook plans to invest heavily in mobile, even if the payoff takes a long time or is uncertain, Chief Financial Officer David Ebersman says in the video. Chief Operating Officer Sheryl Sandberg adds that mobile is a key growth area for the company.
The eight-year-old social network that began as Mark Zuckerberg's Harvard dorm room project priced its initial public offering at between $28 and $35 a share on Thursday, attaining a valuation of as much as $95.9 billion at the high end. Shares are expected to be priced the evening of May 17, with trading beginning on May 18.
If an over-allotment or "greenshoe" option is triggered, the company could end up raising close to $13.6 billion, according to a Thursday prospectus.
Investors are expected to flock to the highly anticipated IPO, though some have voiced concerns about the social network's longer-term growth
Last week, Facebook reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may be cooling just as it prepares to go public. Its stock should begin trading in about a week or two.
Facebook, which plans to list its stock on the Nasdaq under the ticker "FB", will begin meeting with investors on Monday.
LinkedIn Is Buying SlideShareBY
LinkedIn has just announced it plans to acquire San Francisco-based startup SlideShare for about $119 million. Founded in 2006, SlideShare is a web-based hub for people to store and share presentations. LinkedIn's announcement frames it as a way for "professionals to discover people through content, and content through people." "Presentations are one of the main ways in which professionals capture and share their experiences and knowledge, which in turn helps shape their professional identity," LinkedIn CEO Jeff Weiner said in the announcement, adding that they help people "discover new connections and gain the insights they need to become more productive and successful in their careers."
EBay Wants To Build NYC's Second-Largest Developer SpaceBY.
eBay just snapped up a massive 35,000 square foot NYC space that will house more than 200 developers when it opens this fall. Hunch founder Chris Dixon, who sold the company to eBay in November, will lead the team of developers and data scientists to further build out eBay's recommendation system. The space will also offer free working space for "friends of eBay" startups. Dixon told GigaOM he hopes eBay will become the second-largest developer space in New York after Google's, which currently employs more than 1,000 workers. EBay joins the roster of big-company developer niches in New York, which also includes Facebook, Twitter, and now Microsoft.
Walmart's "American Idol" Contest Has A Winner
Walmart's "American Idol" Contest Has A Winner
WalmartLabs, Walmart's online R&D arm, launched an American Idol style popularity contest online in March this year. Anyone could suggest products they wanted to see on Walmart's shelves, and customers could vote for their favorites. The Get On The Shelf contest gathered over a million votes for 4000 entries, including choice suggestions like a baby-proof toilet cover (to prevent kids from falling in), an in-nappy garbage bag (for less of a mess), a hot dog slicer, and a tuna squisher. Practical as these entries may be, Walmart's grand prize winner, announced today, has a socially conscious agenda: HumanKind Water gives away its net profits on sale of bottled water to countries which lack clean drinking water.
Pinterest Is Signing Up Translators to reach global audience.
Pinterest is looking for help taking its Midwest-led, hyper-addictive virtual pinboarding frenzy global. The company posted an ad late yesterday calling for translators to help translate Pinterest into other languages, and could speakers of one or more foreign tongues sign up with a dab of information? The company explained that they're starting in earnest with French, German, Japanese, Portugese and Spanish, but welcome help with Arabic, Danish, Dutch, Farsi, Filipino, Finnish, Hebrew, Hindi, Hungarian, Indonesian, Italian, Korean, Malay, Norwegian, Polish, Simplified Chinese, Swedish, Thai, Traditional Chinese, Turkish, and Urdu.
Microsoft Research Opens a research lab in NYC.
Microsoft is opening a research lab in NYC, and looking to partner with universities like Columbia U, NYU and others in the area. Their first crop of hires are 15 ex-Yahoo researchers and data fiends of various flavors, including network theorist and social media researcher Duncan Watts. In early April, Yahoo announced it would be laying off 2000 employees. The NYC office will be led by Microsoft Research HQ based in Cambridge, MA, which hosts Web and internet culture research celebs like Gen-Fluxer danah boyd (her annnouncement here).
Pinterest Is Signing Up Translators to reach global audience.
Pinterest is looking for help taking its Midwest-led, hyper-addictive virtual pinboarding frenzy global. The company posted an ad late yesterday calling for translators to help translate Pinterest into other languages, and could speakers of one or more foreign tongues sign up with a dab of information? The company explained that they're starting in earnest with French, German, Japanese, Portugese and Spanish, but welcome help with Arabic, Danish, Dutch, Farsi, Filipino, Finnish, Hebrew, Hindi, Hungarian, Indonesian, Italian, Korean, Malay, Norwegian, Polish, Simplified Chinese, Swedish, Thai, Traditional Chinese, Turkish, and Urdu.
Microsoft Research Opens a research lab in NYC.
Microsoft is opening a research lab in NYC, and looking to partner with universities like Columbia U, NYU and others in the area. Their first crop of hires are 15 ex-Yahoo researchers and data fiends of various flavors, including network theorist and social media researcher Duncan Watts. In early April, Yahoo announced it would be laying off 2000 employees. The NYC office will be led by Microsoft Research HQ based in Cambridge, MA, which hosts Web and internet culture research celebs like Gen-Fluxer danah boyd (her annnouncement here).
After The U.K. Censors It, Pirate Bay Site Sees Traffic Boom
Just the other day the torrent-source website Pirate Bay saw 12 million more daily visitors than it has ever had before. The news comes in the immediate aftermath of a U.K. High court decision to order local ISPs to block access to Pirate Bay's site, and it looks like some--such as Virgin Media--have already complied. A site spokesman is quoted as thanking the British Phonographic Institute, responsible for pressuring the courts to enforce the ban, for free advertising that rapidly spread throughout Europe. In the interim period between the decision and broad site-blocking, the site is said to plan educational tips for users on how to circumvent the ban. The move illustrates the technical complexities of trying to enforce blocks on parts of the Internet, and comes just as the high court in Pakistan rules that censoring the Internet is actually illegal.
MIT And Harvard Team Up For Online Education Platform EdX
MIT And Harvard Team Up For Online Education Platform EdX
MIT and Harvard are partnering up for a new online educational initiative. The brand new edX non profit builds on the MITx online course series that MIT launched in March this year (MITx is now a part of edX). "Anyone with an internet connection anywhere in the world can have access," Harvard president Drew Faust said at a press conference today. The two universities plan to collaborate with other universities across the country to offer online learning tools "on a single site," she added. The platform will start out hosting courses from MIT and Harvard, but will also help educators develop online learning technology and tools for distance learning. "Our goal is to educate a billion people around the world," head of MITx, Anant Agarwal, said in an introductory video. edX will be collecting data about how students learn online, and offer that data set to researchers building tools. Agarwal will lead edX as its first president. Agarwal said that Sal Khan, "a student of many of us here," was a leader in the field of online education, and his distinctive video style at Khan Academy did influence the way MITx and edX was designed. MITx itself shot off to hot start--its first online course on circuits received 120,000 registrations when it launched, MIT president Susan Hockfield said today.
Nokia has just announced that it's pressing lawsuits in the U.S. and Germany against rival phone makers HTC and RIM, plus Viewsonic for violating "a number" of patents it owns. Nokia's press statement argues that the move is "to protect its innovations and intellectual property," and only comes after what seem to be failed licensing talks--the firm's chief legal officer is quoted saying "We have already licensed our standards essential patents to more than 40 companies. Though we'd prefer to avoid litigation, Nokia had to file these actions to end the unauthorized use of our proprietary innovations and technologies, which have not been widely licensed." Specifically the IP covers dual-function antennas, power mangement and multimode radios and enhancements to application stores, multitasking, and a short list of other services that sound typical on current smartphones. Nokia was once king of cell phones, but recently saw its crown stolen by Samsung, and also Apple in terms of smartphone sales.
Instagram Hitting 50 Million Users About Now
According to some pretty simple math, Instagram's user base is topping 50 million people about now, a mere handful of days since it was sold to Facebook for a staggering billion-dollar price. Considering at the start of this year the user count was only around 15 million, this represents staggering growth. Some of this growth has come from the new Android compatibility (that caused such a rapid uptick in numbers it may have spurred the Facebook buyout), but as Mashable notes it seems that since this event the growth in numbers has been roughly shared by iPhone users and Android owners.
Spotify Launches An iPad App
Social music streaming service Spotify has finally released an app for the iPad, accessible to subscribers of its paid Premium service. The app has been a long time coming, as almost all its music streaming competitors seem to have an app out already. It was expected to surface at the recent Ad Age conference in New York City, but CEO Daniel Ek announced various app and big-name advertising partnerships instead. But then again, Spotify seems to be making quite the habit of late releases--the service itself only became available in the U.S. last summer, well after it was a hit in Europe.
Twitter's First University Collaboration, To Co-teach Berkeley Data Course
In its first partnership with a university, Twitter is sending engineers to advise a data class for computer science students at UC Berkeley this fall. Students will learn how to manipulate real Twitter data and build apps for the social netwok, something companies like Bluefin Labs tackle in earnest. The class, Analyzing Big Data With Twitter, is led by computer scientist and Berkeley faculty member Marti Hearst. Twitter is also inviting students to present their final projects at Twitter's HQ at the end of the course.
Baby Naming Gets Social, With Facebook-Linked Name Maker App.
The Central Baptist Hospital in Lexington Kentucky just had a Baby Name Generator app constructed for it, designed to help expectant mothers work out the "world's most perfect" or merely "super-cute" names. Its code centers on social media influencers, tech starts, sci-fi characters, notable vampires and so on...and once you've juggled together the world's most SEO-able, Klout-friendly name you can pin it on a virtual blanket and then pin that to Pinterest or share it on Twitter, Facebook and so on. And if you can't decide yourself, the app even lets your Facebook friends crowdsource a name for you by voting on your potential choices. Silly, but fun...and actually taps into an interesting social idea--that our future children's names could be more dynamic than historically typical. At the time of writing, the most shared name was "Schwarzenneger Churchill Ted," for a child that would seem destined for greatness.
Boeing handed over the ceremonial keys of a new 747-8 Intercontinental to Lufthansa Tuesday in what will be the new longest passenger airliner in the skies. The aircraft is the stretched version of the popular 747-400 series Lufthansa currently flies.
The new Boeing jet will enter service at the beginning of June on the Frankfurt to Washington Dulles International Airport route. It features redesigned business and first class cabins that are more luxurious than its predecessor.
"We are excited and thrilled to welcome the 747-8 Intercontinental to our fleet," Lufthansa Chief Executive Carsten Spohr says in a release. "And our passengers will love the new interior, which includes our all-new full-flat business-class cabin."
So far no U.S. airline has placed orders for the stretched and now longest commercial airliner, which measures a little more than 250 feet — more than 18 feet longer than its predecessor.
Until the introduction of this aircraft, Lufthansa lagged behind most of the other major international airlines in offering a business class seat that converts into a fully horizontal bed. At the press of a button, the seat converts into the lie-flat position that measures about 6.5 feet long.
The seats themselves are arranged in a "V" formation allowing for greater shoulder room between seatmates. Other improved features in business class include additional storage space and a much larger, 15-inch individual entertainment screen at each seat.
Unlike the 747-400 where first class was upstairs, that class will be located in the nose of the aircraft on the main deck. The seats in this cabin also convert into fully horizontal beds as shown to the left.
The aircraft seats a total of 362 passengers: eight in first class, 92 in business class and 262 in economy.
Lufthansa ordered 20 of the 747-8, five of which will be delivered this year. As more aircraft come online, they will be deployed on additional routes to Chicago, Los Angeles, New Delhi and Bangalore.
The final guidelines on Basel III capital regulations are enclosed. These guidelines would become effective from January 1, 2013 in a phased manner.
The Basel III capital ratios will be fully implemented as on March 31, 2018.
1 of 1 File(s)
The Basel III capital ratios will be fully implemented as on March 31, 2018.
1 of 1 File(s)