Here's What Top Yahoo Execs Just Told Employees About Firing The CEO (YHOO)


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Yahoo cofounders/board members Jerry Yang and David Filo – along with top executives Ross Levinsohn, Tim Morse, and Blake Irving –  just held a company-wide meeting.

The point of the meeting was to explain why the company fired CEO Carol Bartz last night and what happens next.

The main points (and our responses):

  • Yahoo is not for sale. (We've heard otherwise)
  • Yahoo is still trying to be a "premier digital media company." (Finally, Yahoo understands what it is.)
  • Bartz was fired because Yang wants Yahoo to "change faster." (We believe this.)
  • Bartz was fired without a replacement in place because Yahoo wanted to advertise the position as widely as possible. (Oh brother).

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Source: http://feedproxy.google.com/~r/businessinsider/~3/tn5DaxGVyDk/heres-what-top-yahoo-execs-just-told-employees-about-firing-the-ceo-2011-9

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27,400 Cases of Id theft Daily ? Contemplating Next?

Did you know that inside the U . s . alone, you can find 10,000,000 identity theft victims each year. This is a stunning 27,400 cases each day or 1,140 victims every hour. What on earth is much more disturbing is the fact that by all indications, this problem are certain to get worse before [...]

Source: http://www.legaldebthelponline.com/2011/09/06/27400-cases-of-id-theft-daily-contemplating-next/

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GOP Balks At Obama Jobs Plan's $300 Billion Price Tag


Jeff Sessions

Republican lawmakers are preparing to oppose President Barack Obama's jobs plan — even before it is announced — citing its $300 billion price tag.

Obama will use his speech tomorrow night press Congress to pass his proposal, which will include an extension and expansion of the payroll tax cut, the continuation of expiring unemployment benefits, and new infrastructure spending. While not direct spending, the tax cuts would add about $140 billion to the deficit.

Senate Budget Committee ranking member Jeff Sessions (R-AL) said “at some point, this country gets to a position where you cannot continue to borrow without damaging the economy. It’s just that simple.”

“There’s no doubt in my mind that the debt that we’ve now incurred is already weakening our economy,” he added in a speech on the Senate Floor. “It comes to a point that you can’t keep borrowing in a futile attempt to stimulate the economy when the increased debt itself is weakening the economy.”

“And this plan calls for over $300 billion in spending anew,” he said. “Not paid for — we’re already in debt, we’re already borrowing 40 cents of every dollar we spend, so we’re going to add another $300 billion in spending, not paid for, borrowed, every penny of it.

White House Press Secretary Jay Carney said Obama's proposals "will be specific, measurable and paid for," but declined to go into detail on the plan, or how the White House will pay for it Wednesday.

His remarks come a day after Senate Minority Leader Mitch McConnell expressed skepticism about Obama's plan.

"I’m equally certain that, taken as whole, they’ll represent more of the same failed approach that’s only made things worse over the past few years, and resulted in even fewer jobs than when he started," McConnell said.

Sessions' speech is available here:

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Choosing The Appropriate Bad Credit Car Loan

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Source: http://www.legaldebthelponline.com/2011/09/06/choosing-the-appropriate-bad-credit-car-loan/

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Does Rofin-Sinar Technologies Measure Up?

Margins matter. The more Rofin-Sinar Technologies (Nasdaq: RSTI  ) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy margins often separate pretenders from the best stocks in the market.  That's why we check up on margins at least once a quarter in this series. I'm looking for the absolute numbers, comparisons to sector peers and competitors, and any trend that may tell me how strong Rofin-Sinar Technologies's competitive position could be.

Here's the current margin snapshot for Rofin-Sinar Technologies and some of its sector and industry peers and direct competitors.

Source: Capital IQ, a division of Standard & Poor's. TTM = trailing 12 months.

Unfortunately, that table doesn't tell us much about where Rofin-Sinar Technologies has been, or where it's going. A company with rising gross and operating margins often fuels its growth by increasing demand for its products. If it sells more units while keeping costs in check, its profitability increases. Conversely, a company with gross margins that inch downward over time is often losing out to competition, and possibly engaging in a race to the bottom on prices. If it can't make up for this problem by cutting costs -- and most companies can't -- then both the business and its shares face a decidedly bleak outlook.

Of course, over the short term, the kind of economic shocks we recently experienced can drastically affect a company's profitability. That's why I like to look at five fiscal years' worth of margins, along with the results for the trailing 12 months (TTM), the last fiscal year, and last fiscal quarter (LFQ). You can't always reach a hard conclusion about your company's health, but you can better understand what to expect, and what to watch.

Here's the margin picture for Rofin-Sinar Technologies over the past few years.

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Source: Capital IQ, a division of Standard & Poor's. Dollar amounts in millions. FY= fiscal year. TTM = trailing 12 months.

Source: Capital IQ, a division of Standard & Poor's. Dollar amounts in millions. FY= fiscal year. TTM = trailing 12 months.

Because of seasonality in some businesses, the numbers for the last period on the right -- the TTM figures -- aren't always comparable to the FY results preceding them. To compare quarterly margins to their prior-year levels, consult this chart.

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Source: Capital IQ, a division of Standard & Poor's. Dollar amounts in millions. FQ = fiscal quarter.

Source: Capital IQ, a division of Standard & Poor's. Dollar amounts in millions. FQ = fiscal quarter.

Here's how the stats break down:

  • Over the past five years, gross margin peaked at 43.2% and averaged 41.0%. Operating margin peaked at 17.7% and averaged 13.1%. Net margin peaked at 11.8% and averaged 8.8%.
  • TTM gross margin is 40.2%, 80 basis points worse than the five-year average. TTM operating margin is 14.9%, 180 basis points better than the five-year average. TTM net margin is 9.9%, 110 basis points better than the five-year average.

With recent TTM operating margins exceeding historical averages, Rofin-Sinar Technologies looks like it is doing fine.

If you take the time to read past the headlines and crack a filing now and then, you're probably ahead of 95% of the market's individual investors. To stay ahead, learn more about how I use analysis like this to help me uncover the best returns in the stock market.  Got an opinion on the margins at Rofin-Sinar Technologies? Let us know in the comments below.

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Source: http://www.fool.com/investing/general/2011/09/05/does-rofin-sinar-technologies-measure-up.aspx

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IT BEGINS: Major Oil Player Nigeria Makes Big Bet On The Yuan


nigeria

Nigeria's central bank governor has said his country plans to diversify 5% - 10% of its foreign exchange reserves to include the yuan and enter into a currency swap agreement with China, according to CaixinOnline

Nigeria would buy yuan through bond sales by the People's Bank of China and through yuan-denominated trade settlements in oil deals with China.

Nigeria's decision to settle oil payments in yuan is huge, as oil payments have typically been made in U.S. dollars. The U.S. has used dollar-denominated trades to impose sanctions on Iran, by making it difficult for China and India to pay for oil imports.

The Central Bank of Nigeria's governor Sanusi Lamido Sanusi and the People's Bank of China's governor Zhou Xiaochuan signed a Memorandum of Understanding (MoU) yesterday for greater co-operation between their central banks.

79% of Nigeria's $32 billion in reserves are held in U.S. dollars, with the rest spread over Euros, Swiss Francs and pounds. Nigeria plans to start carrying yuan in the next quarter and governor Sansui said he prefers holding yuan over gold, according to Bloomberg. He also thinks diversifying into the yuan would hedge against sluggish economic recovery in the U.S. and Europe. Last week, German deputy finance minister Jörg Asmussen pushed to have the yuan added to the IMF currency basket.

Don't Miss: 18 Facts About China That Will Blow Your Mind >

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Source: http://feedproxy.google.com/~r/businessinsider/~3/JRwEsh0aIPI/nigeria-introduces-yuan-into-into-forex-reserves-2011-9

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Meanwhile, The Cold Reality In Greece...

Criminal Defense For Violent Crimes In California

Violent crimes are the most serious criminal offenses around. The time for you to choose a competent Sacramento criminal attorney is now if you are charged with a violent crime. The complexities involved with defending you from a violent crime necessitate that you just choose a highly skilled lawyer who has successfully defended other people [...]

Source: http://www.legaldebthelponline.com/2011/09/07/criminal-defense-for-violent-crimes-in-california/

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