The City conducted a survey on extra-marital affairs in the banking world, and the results are kind of disheartening.
Out of 1,879 respondents...
72% said they've had at least one affair.
Of those that have had an affair, 87% of the dalliances involved a work colleague, with 82% of male respondents admitting they've had an affair with a more junior co-worker.
The sex-with-the-secretary cliche isn't typical as you might think: 26% of the male bankers surveyed had done the deed with the PA.
Reasons for the affairs included: it's cheaper than getting a divorce; their wife now reminds them of their mom; because they can.
A male banker "is four times more likely to have an affair than a female banker," Here is the City discovered.
However:
The average 'affair' for a male banker last 21 days, which incorporates just 4 meetings. The physical side of the relationship usually peters out after meeting 3.
The average 'affair' for a female banker lasts 136 days, which incorporates 31 meetings. The physical side of the relationship usually peters out after about meeting 25.
34% of male bankers said they felt guilty about cheating; among women, that number surged to 71%.
On the plus side, a huge chunk of the men surveyed said they tried harder in their marriages after the their secret liaisons had ceased.
This story originally appeared on Business Insider
Wedbush Securities raised Apple’s price target to $450 from $445 and reiterated its ‘outperform’ rating for the technology giant.
"While Apple has shown some cracks here and there in its strong growth story,” Scott Sutherland said, “I think, overall, the fundamentals are in place for still solid growth for the stock.”
Apple is showing continued traction in the smartphone and tablet market, Sutherland said. He believes there is still a lot of room for expansion in the iPhone business, which is about half of Apple’s revenue and a key profit driver for the company. As for the iPad, Apple needs to get its supply issues fixed so it can catch up with demand.
“Having too much demand isn’t such a bad problem to have,” Sutherland remarked.
The Wedbush analyst also wasn’t concerned about the business model should CEO Steve Jobs' health cause him to leave the helm. Sutherland noted that a management team has been built outside of Jobs. And while Jobs has been a visionary on the device side, Sutherland believes Apple is now more of an execution play.
“I think they’re also moving more towards more of a cloud play, building these data centers where they’re going take the battle to internet-centric services, where then Google will come head-to-head,” Sutherland said.
The United States is struggling to stand out its fiscal deficit challenges and raise debt limit to continue borrowing. Country is at risk of defaults and probability of that is higher than countries like Indonesia or Slovenia in next 12 months. Also, if we see the cost of credit defaults swap ( cost to insure against defaults ) have risen to almost tripled in last six trading session.
Yet in the past fortnight traders have come to the conclusion that America might breach its own constitutional clause that its debt “shall not be questioned”
America’s dysfunctional politics is starting to infect the markets. To blame are congressmen who, like House Speaker John Boehner, argue it would be less damaging to default than to raise the debt limit without dealing with the deficit. Traders had assumed this was political brinkmanship as usual until Mr Boehner was publicly supported by Stanley Druckenmiller, an eminent former hedge fund manager. He told the Wall Street Journal earlier this month that a few days of missed payments would be worth it to force the White House to accept cuts.
The danger is that a technical default does nothing to bring Democrats round, and there is no sign that Republicans are willing to accept tax rises, also needed if the budget is to balance. Rather than a short sharp political manoeuvre, default could drag on – and become a total disaster.
If a technical default led to a rating downgrade – as it should – it would be catastrophic, forcing rule-driven investors to dump Treasuries and sending yields through the roof.
For now, default worries still seem to be confined to the CDS market. The more congressmen try to make a political virtue out of default, the bigger the danger that fear spills over into the broader bond markets.
It sounds dotty to suggest the US is at imminent risk of default. A country that has rarely been able to borrow so cheaply, that issues debt in its own currency and has just demonstrated that it can print as much money as it likes need never miss a coupon payment.
( Source: Financial Times )
Japanese office equipment maker Ricoh plans to cut headcount by 10,000 from its workforce of around 109,000 to help boost its operating profit by about $1.7 billion.
The move will help it boost operating profit by about 140 billion yen ($1.7 billion) by March 2014, the company said in a statement.
Ricoh also said it sees restructuring costs coming to about 60 billion yen in the two years to March 2013.
The decision to reduce its workforce by almost 10 percent will likely include several thousand job cuts from the company's first large-scale retrenchment in Japan, the Nikkei daily said.
The Ricoh group has about 40,000 employers in Japan and nearly 70,000 workers overseas, the business daily said.
The company which manufactures copiers and other office automation equipment saw its group net profit plunge to 6.5 billion in the year ended March 2009, compared with more than 100 billion yen a year ago, hurt mainly by the global financial crisis, the paper said.
The company expects profit to rise this year, but profit levels remains low because of a stronger yen and fierce competition, the Nikkei reported.
( Source: Reuters, CNBC )
( Source: Reuters, CNBC )
(Last closed 312.8)This script is good for bulls 304 above…!
Grab this stock in deep or Opening bell for targets 325-328
After crossing 328 and stay above it for few minutes then Free Fire on Targets intraday 341-347
Don't hold your long below 300…!
You can hold for 2-3 Days after closing above 324 only…? Yes
NIFTY Performed on Wednesday:
Market has recovered early gains after the fall in early part of series and has been consolidating in the range of 5380-5500 for the past couple of treading session. Today pre-opening session has started positive for the market and sensex is trading at 18435, up 424 points and Nifty is at 5422, up 27 points.
Positional Trend with Levels
(Updated on 24-5-2011)
Buying Zone 5370-5490
(This zone is trend changer which can lead to nifty up direction for positional, mean this support is able to move NIFTY 5578 above for shortly)
After the crossing 5600…NIFTY will enter into the bullish zone for targets 5755-5811 in 1-3 months only)
Just, Concentrate on Closing or Breaking…!
Breaking of this support is not dangerous for long term investor becaus suppor available for to move up for Nifty to move up… which is between 5240-5278!
Yes, Short term trade can take short position after breaking 5370 for targets 5300-5278…?
Technical Data-Sheet on NIFTY:
Last (24-05-2011) Closes@5394 (+8 points)
Last high@5422 low@5367
Weekly high@5541 low@5367
5DMA@5423
20DMA@5546
50DMA@5638
200DMA@5755
5-DAY RSI 33 AND 14-DAY RSI 37
What for Today
(Disclosure: Yesterday NIFTY future bought 5340-5349 and waiting for targets 5397-5428 with Stop loss 5330)
Nifty will be Green in 48hrs…!
Just, watch support 5311-5340
Buying Zone 5370-5490
(This zone is trend changer which can lead to nifty up direction for positional, mean this support is able to move NIFTY 5578 above for shortly)
After the crossing 5600…NIFTY will enter into the bullish zone for targets 5755-5811 in 1-3 months only)
Just, Concentrate on Closing or Breaking…!
Breaking of this support is not dangerous for long term investor becaus suppor available for to move up for Nifty to move up… which is between 5240-5278!
Yes, Short term trade can take short position after breaking 5370 for targets 5300-5278…?
Technical Data-Sheet on NIFTY:
Last (24-05-2011) Closes@5394 (+8 points)
Last high@5422 low@5367
Weekly high@5541 low@5367
5DMA@5423
20DMA@5546
50DMA@5638
200DMA@5755
5-DAY RSI 33 AND 14-DAY RSI 37
What for Today
(Disclosure: Yesterday NIFTY future bought 5340-5349 and waiting for targets 5397-5428 with Stop loss 5330)
Nifty will be Green in 48hrs…!
Just, watch support 5311-5340
Short Term Targets of NIFTY Future 5445-5467 and 5531-5579
(Keep Patience; if you don't it…then don't trade)
(Keep Patience; if you don't it…then don't trade)
Valcom Inc ( PINK : VLCO ) stock has shown another 35 % upside after yesterday's strong mov of more than 200 %. Company was in the news as it has reported excellent earnings and emerged as a value buy amongst the investors. Stock might see more upside from here as well. Investors might consider buying at this levels. Keep reading more recommendation at stockinvestips.
Zogenix Inc ( NASDAQ: ZGNX ), stock of the company was trading more than 15 % higher to $ 4.46 with above average volumes. there is no specific news development. Stock might seeing interest from big investors or might be some development news is on its way. Keep an eye on the stock for possibly higher up move.
China Advanced Con. Materials Gr. Inc ( NASDAQ:CADC ) stock of the company was up more than 14 % . Also stock was up yesterday. There are no specific news relevant to the company. It might be some development news under way to be announced in near future. Some investors have started loading up the stock for possible news based gain. Keep an eye on the stock, as it might move up sneakily.
Last news was quarterly earnings announced by company on 13th may 2011. company has reported 41% increase in revenue, while net EPS was 19 cents per share. Results were quite impressive but today's move is not related to earnings.
Third Quarter FY 2011 Financial Highlights
 |
| China Advanced Construction Materials Group Inc |
-- Revenue increased 41% year over year to $23.1 million
-- Gross margin at 17.5% -- Non-GAAP adjusted net income available to common shareholders of $2.4 million
-- Non-GAAP adjusted fully diluted EPS to common shareholders of $0.13
-- GAAP net income available to common shareholders of $3.6 million or $0.19 EPS.
-- Quarter end backlog up 30% sequentially to record $87 million
It looks like the iPhone 5 won't be out until later this year...but there is plenty to talk about already. Here's our summary of the hottest hints on Apple's next big trendsetting device.
The iPhone--love it or hate it--has played a huge role in redefining the entire smartphone genre. And since it will continue to do so, the information we can glean about the next device before it launches is interesting (you can bet Google, HP, HTC and a bunch of others are trying to do the same thing). So while the next iPhone isn't expected for at least a few months yet, there's already plenty to talk about:
Curved glass screens?
This is the hottest rumor, hinting that while we expect many of the upgrades to the iPhone 5 to be cosmetic with some spec-bumps, Apple may be considering taking a lesson from the Nexus S's design. For this Android unit the screen sported an unusual curved glass frontage, a big novelty for such a device. Research has suggested that users felt a curved screen enabled a more natural touch-interface experience--something that conceptually makes a certain amount of sense because our hands and fingers do move on a radius rather than in straight lines (and this is part of why typists get RSI).
Apple's reported to have bought several hundred specialized curved glass-cutting machines to enable the design feature--side-stepping any issues that may come from ordering curved glass from suppliers more used to cutting flat panels. This is exactly the kind of smart investment Apple seems to have been doing more and more of in its manufacturing, and it's possible thanks to the company's massive cash reserves.
Do we think this is likely? It's surprising, and yet so many different parts of the rumor seem to make sense--Apple has expertise in curved glass frontages thanks to two generations of the previous iPod Nano. Plus it's a design tweak that only enhances the existing iconic iPhone format, rather than subsuming it.
4:3 iPad-like screen?
Here's one we haven't heard before: The next iPhone may, as well as a 4-inch size, be getting an aspect ratio tweak to 4:3 shape (a multiple of 1.33), exactly the same as the iPad. The current iPhone screen has 960 by 640 pixels at 326 pixels per inch--that famous "retina" resolution, but iOS developers have to rewrite their code to support the iPad's 1024 by 768 screen. Could Apple actually have squeezed a screen with the exact same resolution into the new iPhone? It would make excellent technical sense, considering the iPhone 5 will have the same CPU as the iPad 2, and thousands of developers may be hugely relieved--giving iOS App Store a big nudge just as the battle with Android is heating up.
No LTE, but world phone chipsets
Speaking at the Reuters Global Technology Summit last week, Verizon CFO Fran Shammo dropped several interesting hints about Apple's next smartphone. We can probably trust a Verizon senior exec to have insight, courtesy of the fact Apple broke with its usual habits and designed a custom iPhone 4 version for the U.S. cell phone giant that used its non-standard CDMA 3G technology. Shammo suggested the next iPhone may shun LTE, but it will contain baseband chipsets that support both CDMA and GSM connection standards. The phone, as a result, will arrive on both AT&T and Verizon at the same time in the U.S.
This agrees with several earlier suggestions that Apple was adopting a Qualcomm-supplied baseband chip for the next phone, one that specifically included the two connection protocols. This could give the phone true world-phone powers, and possibly even allow it to be used on T-Mobile and Sprint systems in the U.S. (an interesting move, given AT&T's maneuvers to purchase T-Mobile USA).
It could also explain the delay until later in the year--the Verizon iPhone 4 only arrived in the new year, and if Apple released an iPhone 5 in the usual Summer timeslot, this could result in severe buyer's remorse in millions of new iPhone owners.
Arriving months later--maybe late September?
Concerning the arrival date, we're now wondering if the iPhone 5 may arrive even later than we suspected--perhaps even in late September. Piper Jaffray analyst Gene Munster, a well-known Apple commentator, has been examining Apple's Eastern supply chain and notes that parts orders are being placed "several months" later than usual, a phase that implies a pretty big change to Apple's ordering schedule. Munster has also reiterated the 4-inch screen rumor, and suggests that while there are several reasons for the delay, Apple may be holding back because it hasn't yet fully baked its next-gen OS.
Outlandish rumor: Augmented Reality baked in at chipset level
Chip maker Qualcomm has been working on Augmented Reality powers for some time, and an outlandish rumor is suggesting that while Apple won't be using Qualcomm's Snapdragon CPU for its future devices (its own ARM technology is too precious to just give up), it may be using Qualcomm's AR solution at a deep level of integration in iOS--a trick that could add serious new powers to the iPad and iPhone and distinguish the devices from the competition.
UPDATE: First believable hints on shape, size from Orange France
France's Orange network CEO Stephane Richard has revealed details about what he knows of the next iPhone revision in an interview. Richard notes the phone is thinner and smaller than the existing iPhone, and the radical design was made possible due to a brand new SIM card standard that's even smaller than the micro SIM used in the iPad.
This backs up a number of rumors we've heard previously, including Apple's efforts at legally requesting definition of a new smaller SIM format. Richard suggests the new SIM is a design compromise, developed after a disagreement between Apple and its numerous carrier partners over Apple's plans to include an electronic SIM solution.
Richard's word carries some weight, as France is a lead nation for Apple's iPhone releases, and Orange sells the iPhone in 15 nations--second in handset sales only to AT&T. But the rumor will re-ignite debate about a dual-path upgrade for the iPhone, since this sounds a lot like an iPhone "Lite," since we all know that one way to make things cheaper is to make them smaller and lighter.
Photo of back plate?
Potentially at odds with Richard's words is what's rumored to be the first "leaked" external piece of the iPhone 5--a white backplate that seems to be of glass, and which sports the separate camera unit and flash position we'd seen before. It's hard to say but it does look slimmer than the iPhone 4's backplate, but without any additional data we can't draw any conclusions.
( Source: Fast Company )
( Source: Fast Company )
